Document:

Exhibit 10.1 Agreement for Purchase and Sale of Servicing, dated November 30,
      2006, between HomeFederal Bank and Everbank

    Exhibit
      10.1

    

    AGREEMENT
      FOR PURCHASE AND SALE OF SERVICING

    

    

    BY
      AND
      BETWEEN

    

    

    HOMEFEDERAL
      BANK

    

    SELLER

    

    

    AND

    

    

    EVERBANK

    

    PURCHASER

    

    

    

    DATED

    

    AS
      OF

    

    NOVEMBER
      30, 2006

    

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
          

        

      

    

     

    
      	
              TABLE
                OF CONTENTS

            	
               

            
	
               

            	
               

            
	
              1.        
                DEFINITIONS.............................................................................................

            	
               1

            
	
              2.        SALE
                AND TRANSFER OF SERVICING......................................................... 

            	
               5

            
	
                          
                2.1      
                Sale...............................................................................................

            	
               5

            
	
                          
                2.2       Investor
                Approval..............................................................................

            	
               5

            
	
                          
                2.3       Transfer
                Documents.........................................................................

            	
               5

            
	
              3.        
                CONSIDERATION.......................................................................................  
                

            	
               5

            
	
                          
                3.1       Purchase
                Price..................................................................................

            	
               5

            
	
                          
                3.2       Accounts
                Receivable........................................................................... 

            	
               6

            
	
                          
                3.3       Payment of the Purchase Price;
                Holdback..................................................  

            	
               6

            
	
                          
                3.4       Adjustments to Purchase
                Price...............................................................

            	
               6

            
	
              4.        
                COVENANTS OF PURCHASER.....................................................................

            	
               7

            
	
              5.        
                COVENANTS OF SELLER...........................................................................

            	
               7

            
	
              6.        
                POST CLOSING REQUIREMENTS.................................................................

            	
              10

            
	
              7.        
                REPRESENTATIONS AND WARRANTIES OF
                SELLER......................................  

            	
              10

            
	
                          
                7.1        Due Incorporation and Good
                Standing....................................................... 

            	
              11

            
	
                          
                7.2       Authority and
                Capacity........................................................................  

            	
              11

            
	
                          
                7.3       Effective
                Agreement...........................................................................  

            	
              11

            
	
                          
                7.4      
                Conflict......................................................................................      

            	
              11

            
	
                          
                7.5       Approvals and
                Compliance................................................................... 

            	
              11

            
	
                          
                7.6       Filing of
                Reports...............................................................................  

            	
              11

            
	
                          
                7.7       Related Escrow
                Accounts..................................................................... 

            	
              12

            
	
                          
                7.8       Accounts
                Receivable........................................................................... 

            	
              12

            
	
                          
                7.9       The Mortgage
                Loans........................................................................... 

            	
              12

            
	
                          
                7.10    
                Insurance........................................................................................

            	
              15

            
	
                          
                7.11    
                Litigation........................................................................................ 

            	
              15

            
	
                          
                7.12     No Accrued
                Liabilities........................................................................  

            	
              15

            
	
                          
                7.13     Offering
                Information...........................................................................  

            	
              15

            
	
                       
                   7.14     Statements
                Made...............................................................................

            	
              15

            
	
                          
                7.15     No Cooperative
                Loans........................................................................ 

            	
              15

            
	
                          
                7.16     No Recourse
                Loans............................................................................

            	
              15

            
	
              8.        
                REPRESENTATIONS AND WARRANTIES OF
                PURCHASER...................................

            	
              15

            
	
               
                           8.1      
                Due Incorporation and Good
                Standing......................................................   

            	
              16

            
	
                          
                8.2       Authority and
                Capacity........................................................................  

            	
              16

            
	
                          
                8.3      
                Enforceability................................................................................... 

            	
              16

            
	
                          
                8.4       Effective
                Agreement...........................................................................  

            	
              16

            
	
                          
                8.5       Statements
                Made...............................................................................

            	
              16

            
	
                          
                8.6       Investor Good
                Standing.......................................................................  

            	
              16

            
	
                          
                8.7       Litigation; Compliance
                withLaws..........................................................     

            	
              16

            

    

     

     

    
      
        
        

      

      
        -
          i
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              9.        
                CONDITIONS PRECEDENT TO OBLIGATIONS OF
                PURCHASER........................  

            	
              17

            
	
                          
                9.1       Correctness of Representations and
                Warranties............................................   

            	
              17

            
	
                          
                9.2       Compliance with
                Conditions...............................................................       

            	
              17

            
	
                          
                9.3       Opinion of Counsel for
                Seller................................................................   

            	
              17

            
	
                          
                9.4       Corporate
                Resolution..........................................................................  

            	
              17

            
	
              10.       
                CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER............................... 

            	
              17

            
	
                         
                10.1      Correctness of Representations and
                Warranties............................................   

            	
              17

            
	
                         
                10.2      Compliance with
                Conditions..................................................................   

            	
              18

            
	
                         
                10.3      Opinion of Counsel for
                Purchaser............................................................   

            	
              18

            
	
              11.       
                SCHEDULE OF SERVICING........................................................................

            	
              18

            
	
              12.       
                INDEMNIFICATION OF PURCHASER AND SELLER......................................... 

            	
              18

            
	
                         
                12.1      Indemnification of
                Purchaser.................................................................    

            	
              18

            
	
                         
                12.2      Repurchase of Mortgage Loans and
                Servicing.............................................    

            	
              19

            
	
                         
                12.3      Indemnification of
                Seller.....................................................................    

            	
              20

            
	
              13.       
                MISCELLANEOUS.................................................................................  

            	
              20

            
	
                         
                13.1      Notification of
                Transfer........................................................................  

            	
              20

            
	
                         
                13.2      Supplementary
                Information...................................................................   

            	
              20

            
	
                         
                13.3      Further
                Assurances............................................................................. 

            	
              20

            
	
                         
                13.4      Access to
                Information.........................................................................  

            	
              21

            
	
                         
                13.5      Broker’s
                Fees................................................................................... 

            	
              21

            
	
                         
                13.6      Survival of Covenants, Agreements,
                Representations and
                Warranties..................      

            	
              21

            
	
                         
                13.7      Form of Payment to be
                Made................................................................. 

            	
              21

            
	
                         
                13.8     
                Notices...........................................................................................

            	
              21

            
	
                         
                13.9     
                Waivers.......................................................................................    

            	
              22

            
	
                         
                13.10     Entire
                Agreement...............................................................................

            	
              22

            
	
                         
                13.11     Binding
                Effect.................................................................................. 

            	
              22

            
	
                         
                13.12    
                Headings........................................................................................

            	
              22

            
	
                         
                13.13     Applicable
                Laws............................................................................... 

            	
              22

            
	
                         
                13.14     Transfer
                Instructions...........................................................................  

            	
              23

            
	
                         
                13.15    
                Severability..................................................................................... 

            	
              23

            
	
                         
                13.16     Written
                Agreement.............................................................................

            	
              23

            
	
                         
                13.17     Default by
                Seller............................................................................... 

            	
              23

            
	
                         
                13.18     Default by
                Purchaser........................................................................... 

            	
              23

            
	
                         
                13.19     Dispute
                Resolution.............................................................................  

            	
              23

            
	
                         
                13.20     Wire
                Instructions...........................................................................     

            	
              24

            
	
                         
                13.21     Counterparts
                Execution.......................................................................

            	
              24

            

    

    
  

    
      
        
        

      

      
        -
          ii
          -

        
          

        

      

      
        
        

        
          

        

      

    

    AGREEMENT
      FOR PURCHASE AND SALE

     

    OF
      SERVICING

     

    THIS
      AGREEMENT FOR PURCHASE AND SALE OF SERVICING
      (this
“Agreement”) is dated as of the 30th
      day of
      November, 2006, between EVERBANK, a federal savings association (“Purchaser”),
      whose address is 8100 Nations Way, Jacksonville, Florida 32256, and HOMEFEDERAL
      BANK,
      an
      Indiana commercial bank (“Seller”), whose mailing address is 3801 Tupelo Drive,
      Columbus, Indiana 47201. All defined terms utilized herein shall have the
      meaning assigned thereto in the Definitions below.

     

    R
      E C I T A L S :

     

    WHEREAS,
      Seller
      is the owner of the Servicing for the Mortgage Loans; and

     

    WHEREAS,
      Seller
      desires to sell, transfer and assign to Purchaser all of its right, title and
      interest in and to the Servicing for the Mortgage Loans and Purchaser desires
      to
      acquire and assume all right, title and interest in and to the Servicing from
      Seller; and

     

    WHEREAS,
      Purchaser was the successful bidder for the purchase of the Servicing in the
      offering conducted by Broker.

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual promises, covenants and conditions, and upon the
      terms and subject to the conditions set forth herein, the parties hereto agree
      as follows:

     

    1.  DEFINITIONS.

     

    For
      purposes of this Agreement, the following terms shall have the following
      meanings when used herein. The terms defined herein include the plural as well
      as the singular and the singular as well as the plural.

     

    “Accounts
      Receivable”.
      Amounts
      due Seller by virtue of documented advances made prior to the Sale and Transfer
      Date in connection with the Servicing of the Mortgage Loans in accordance with
      Investor Guidelines or FHA/VA regulations, as applicable and which are deemed
      recoverable by Purchaser.

     

    “Agreement”.
      This
      Agreement and all attachments hereto, as the same may from time to time be
      amended or supplemented by one or more instruments executed by Seller and
      Purchaser.

     

    “Ancillary
      Income”.
      Late
      Mortgagor payment charges, charges for dishonored checks (NSF Fees), pay off
      fees, assumption fees, commissions and administrative fees on insurance and
      similar fees and charges collected from or assessed against the
      Mortgagor.

     

    “Applicable
      Requirements”
      means
      and includes, as of the time of reference, with respect to the Mortgage Loans
      and the Servicing, all of the following: (i) all contractual obligations of
      Seller and any prior originator or servicers, including without limitation
      those
      contractual obligations contained herein or in the Mortgage Loan documents
      for
      which Seller or the servicer is responsible or at any time was responsible;
      (ii)
      all applicable federal, state and local legal and regulatory requirements
      (including statutes, rules, regulations and ordinances) binding upon Seller
      and/or the servicer or any prior servicer; (iii) all other applicable
      requirements and guidelines of each governmental agency, board, commission,
      instrumentality and other governmental body or office having jurisdiction over
      the Mortgage Loans; (iv)

     

    
      
        
        

      

      
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          1
          -

        
          

        

      

      
        
        

      

    

     

    all
      other
      applicable judicial and administrative judgments, orders, stipulations, awards,
      writs and injunctions; and (v) the reasonable and customary mortgage servicing
      practices of prudent mortgage lending institutions which service mortgage loans
      of the same type as the Mortgage Loans in the jurisdiction in which the related
      mortgaged properties are located.

     

        “Bankruptcy”.
      The
      Mortgagor under a Mortgage Loan has sought protection under or is subject to
      proceedings under the bankruptcy or insolvency laws of the United States or
      any
      other similar laws of general application for the relief of
      debtors.

     

    “Bid
      Letter”.
      The
      letter from Purchaser to Broker dated September 29, 2006, wherein Purchaser
      offered to purchase the Servicing from Seller.

     

    “Broker”.
      Sandler
      O’Neill Mortgage Finance L.P.

     

    “Business
      Day”.
      Any
      day
      other than (i) a Saturday or Sunday, or (ii) a day on which national banking
      institutions are authorized or obligated by law or executive order to be closed.
      

     

    “Buy-Down
      Funds”.
      The
      remaining amount of funds collected at the closing of a Mortgage Loan to cover
      a
      portion of the mortgage payment for a stated term and which are held by or
      on
      behalf of Seller.

     

    “Closing
      Documents”.
      This
      Agreement, the Assignment of the Servicing of the Mortgage Loans attached hereto
      as Appendix II and the Transfer of Servicing attached hereto as Appendix
      III.

     

    “Fannie
      Mae”.
      Federal
      National Mortgage Association.

     

    “FHA”.
      Federal
      Housing Administration.

     

    “Foreclosure”.
      A
      Mortgage Loan where payment has been accelerated and the Mortgage Loan has
      been
      referred to an attorney for collection and enforcement proceedings or is in
      the
      process of liquidation after the foreclosure sale.

     

    “Freddie
      Mac”.
      Federal
      Home Loan Mortgage Corporation.

     

    “Holdback”.
      Ten
      percent (10%) of the Purchase Price, less any sums deducted therefrom pursuant
      to this Agreement.

     

    “Insurer”.
      Any
      insurer under any applicable hazard insurance policy, any federal flood
      insurance policy, or any title insurance policy.

     

    “Investor”.
      The
      beneficial owner of the Mortgage Loans and more particularly described in the
      Mortgage Loan Schedule.

     

    “Investor
      Approval”.
      The
      written acknowledgment provided by an Investor to Purchaser unconditionally
      approving the purchase and sale of the Servicing.

     

    “Investor
      Guidelines”.
      Rules
      and
      regulations set forth by each Investor, as outlined in their respective Selling
      and Servicing Guides or other published or written rules and regulations, and
      as
      amended from time to time, including project guidelines, setting forth the
      manner in which Mortgage Loans shall be originated, underwritten, sold or
      serviced, excluding any special commitments.

     

    
      
        
        

      

      
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          2
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    “Litigation”.
      A
      legal
      action in foreclosure of a Mortgage Loan, or for a deficiency thereunder, in
      which the sale of the mortgaged property in foreclosure (whether by action,
      power of sale, or otherwise) has been delayed by reason of the defense of such
      action by the Mortgagor, or any other action commenced or pending which involves
      the Mortgage Loan (excluding class actions), and which action materially and
      adversely, in Purchaser’s reasonable opinion, affects the Mortgagor’s obligation
      to make payments under the Mortgage Loan or the enforceability or priority
      of
      the Mortgage or results in a material increase in the cost to service the
      Mortgage Loan.

     

    “Mortgage”.
      A
      security instrument, including without limitation a mortgage or deed of trust,
      creating a first lien on real property securing the payment of a Mortgage
      Note.

     

    “Mortgage
      File”.
      The
      file
      containing the photostatic copies of mortgage loan documents with respect to
      a
      Mortgage Loan, as well as the credit and closing packages, disclosures,
      custodial documents, and all other files, books, records and documents, all
      as
      called for pursuant to the Transfer Instructions at Appendix IV to this
      Agreement.

     

    “Mortgage
      Loan”.
      Any
      loan,
      evidenced by a Mortgage Note and secured by a Mortgage, described in the
      Mortgage Loan Schedule and thereby subject to this Agreement.

     

    “Mortgage
      Loan Schedule”.
      The
      schedule of Mortgage Loans attached hereto as Appendix I, which has been
      prepared as of the close of business on each Sale and Transfer
      Date.

     

    “Mortgage
      Note”.
      The
      evidence of indebtedness from a Mortgagor to a lender which is secured by a
      Mortgage.

     

    “Mortgagor”.
      The
      obligor on a Mortgage Note.

     

    “Offering
      Information”.
      The
      information, data, tapes and statements provided to Purchaser by Seller or
      Broker in the preparation of Purchaser’s Bid Letter with respect to the
      Servicing.

     

    “Offering
      Memorandum”.
      The
      offering memorandum prepared by Broker, acting as broker for Seller, and
      identified as Offering No. SEP2006-1.

     

    “Prepaid
      Mortgage Loans”.
      Mortgage
      Loans which are prepaid in full on or before three (3) months after the Sale
      and
      Transfer Date, excluding any Mortgage Loans refinanced by Purchaser. The date
      on
      which the Mortgage Loan is considered prepaid with respect to Prepaid Mortgage
      Loans shall be (a) the date of the payoff check from the settlement agent or
      (b)
      the date the payoff is received via wire transfer of federal funds.

     

    “Purchase
      Price”.
      The
      amount paid by Purchaser to Seller for the Servicing of the Mortgage Loans,
      as
      provided in Paragraph 3 hereof, and as subsequently adjusted pursuant to this
      Agreement.

     

    “Purchaser’s
      Indemnified Matters”.
      As
      defined in subparagraph 12.3 of this Agreement.

     

    “Recorded
      Assignments”.
      All
      assignments of the Mortgage Loans required to legally vest title to the Mortgage
      Loans in Purchaser (unless previously recorded in the name of the Investor
      or
      MERS®), which assignments shall be properly recorded, individually or as blanket
      assignments, where permitted by the applicable recorder’s office.

     

    
      
        
        

      

      
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          3
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    “Recourse
      Obligation”.
      Any
      obligation with respect to any Mortgage Loan in any master commitment or pool
      purchase contract, whether described as a limited or full repurchase
      requirement, limited or full recourse, credit support reimbursement or other
      obligation, indemnification, loss sharing arrangement or otherwise which would
      subject the servicer of such Mortgage Loan to losses on the liquidation of
      such
      Mortgage Loan or which would entitle the Investor to demand the repurchase
      of a
      Mortgage Loan for any reason, except for standard repurchase requirements in
      accordance with Investor Guidelines as a result of origination errors and/or
      servicing errors occurring prior to the Sale and Transfer Date. The fact that
      any of the Mortgage Loans may have been classified by an Investor as
“non-recourse” because of the existence of any pool insurance policy shall not,
      for purposes of this Agreement, remove any such Mortgage Loan from the
      definition of Recourse Obligation.

     

    “Related
      Escrow Accounts”.
      Segregated
      trust accounts maintained by Seller in accordance with Investor Guidelines
      and
      established to hold funds for principal and interest, taxes and insurance in
      escrow pursuant to the terms of the Mortgage Loans.

     

    “Sale
      and Transfer Date”.
      The
      date
      on which the ownership of the Servicing and other assets specified herein are
      transferred to Purchaser, which shall be the close of business on December
      29,
      2006 for the Fannie Mae Mortgage Loans and Investors with month-end cutoff
      dates
      and December 15, 2006 for the Freddie Mae Mortgage Loans and Investors with
      mid-month cutoff dates, unless extended in writing by Seller and
      Purchaser.

     

    “Seller’s
      Indemnified Matters”.
      As
      defined in subparagraph 12.1.

     

    “Servicing”.
      With
      respect to the Mortgage Loans (a) the management of operational functions
      related to servicing each Mortgage Loan including without limitation (i) the
      collection and disbursement of funds being held in escrow to pay taxes,
      insurance and other items as they become due, (ii) the collection and remittance
      of principal and interest payments in accordance with Investor Guidelines,
      and
      (iii) the resolution of defaulted loans in accordance with Investor Guidelines,
      (b) the right to all service fees, Ancillary Income, the value of Related Escrow
      Accounts, the right to solicit the Mortgagors for other services and all other
      customary rights related to servicing the Mortgage Loans, and (c) the title
      to
      all Mortgage Files and other related records.

     

    “Sixty
      (60) Days Delinquent”.
      With
      respect to a Mortgage Loan, when two (2) regularly scheduled monthly Mortgage
      Loan payments are due and unpaid. By way of example: A Mortgage Loan due and
      unpaid for the November 2006 payment as of the Sale and Transfer
      Date.

     

    “Tax
      Identification Number”.
      The
      number used by the Internal Revenue Service to identify a taxpayer for income
      tax reporting purposes.

     

    “Third
      Party Originated Loans”.
      Mortgage
      Loans originated by a lender other than Seller.

     

    “Transferred
      Assets”.
      Collectively,
      the Servicing, Accounts Receivable, Mortgage Files and rights as custodian
      with
      respect to the Buy-Down Funds and Related Escrow Accounts.

     

    “VA”.
      Veteran’s
      Administration, or any successor thereto.

     

    
      
        
        

      

      
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          4
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    2.  SALE
      AND TRANSFER OF SERVICING

     

    2.1  Sale

     

    Subject
      to, and upon the terms and conditions of this Agreement, Seller shall, on the
      Sale and Transfer Date, sell, convey, transfer, assign and deliver to Purchaser
      and Purchaser shall purchase, assume and accept all right, title and interest
      of
      Seller, as of the Sale and Transfer Date, in and to the Transferred Assets
      and
      all obligations of Seller with respect to servicing the Transferred Assets
      from
      and after the Sale and Transfer Date.

     

    Purchaser
      will assume only those contractual duties, obligations and liabilities of Seller
      which prospectively and directly relate to Purchaser’s acquisition, ownership
      and performance of the Servicing, and Purchaser will not assume or otherwise
      be
      responsible for, in any way whatsoever, any other duties, obligations and
      liabilities of, or claims against, Seller or its shareholders (or any of their
      respective, agents, officers, directors, trustee, or affiliates), with respect
      to the Servicing or otherwise.

     

    2.2  Investor
      Approval.
      The
      purchase and sale of the Servicing are subject to Investor Approval. If Seller
      fails, for whatever reason, to obtain written approval from any Investor by
      no
      later than the Business Day prior to the Sale and Transfer Date, Purchaser
      shall
      have the option to terminate this Agreement, by written notice to Seller, within
      five (5) Business Days following Seller’s failure to deliver to Purchaser proof
      of Investor Approval. If Purchaser terminates this Agreement as provided above
      after the Sale and Transfer Date, Seller shall immediately refund to Purchaser
      any portion of the Purchase Price received by Seller, if any, and Purchaser
      shall re-convey any portion of the Transferred Assets delivered to Purchaser
      from Seller immediately upon termination. Thereafter, subject to the continuing
      obligations of the parties pursuant to Paragraph 12, the parties shall have
      no
      further obligation to one another.

     

    2.3  Transfer
      Documents.
      On or
      prior to the Sale and Transfer Date, Seller shall execute and deliver to
      Purchaser (a) the Assignment of the Servicing of the Mortgage Loans attached
      hereto and made a part hereof as Appendix II, and (b) the Transfer of Servicing
      attached hereto and made a part hereof as Appendix III. Prior to the Sale and
      Transfer Date, Purchaser and Seller shall execute and deliver any documents
      required by the Investors in connection with the transfer of the Transferred
      Assets hereunder, in form and substance reasonably satisfactory to Purchaser
      and
      Seller, and shall execute and deliver such other instruments or documents as
      Purchaser and Seller shall reasonably determine are necessary to consummate
      the
      transactions contemplated hereby.

     

    3.  CONSIDERATION.

     

    3.1  Purchase
      Price.
      In full
      consideration for the sale of the Transferred Assets and upon the terms and
      conditions of this Agreement, Purchaser shall pay to Seller (in accordance
      with
      subparagraph 3.3), an amount equal to the following:

     

    (a)  As
      to
      Mortgage Loans which are current or less than Sixty (60) Days Delinquent and
      Mortgage Loans which are not (i) in Bankruptcy, (ii) in Litigation or (iii)
      in
      Foreclosure, the aggregate outstanding principal balance of such Mortgage Loans,
      as of the close of business on the Sale and Transfer Date, multiplied by 0.875%
      (0.00875). All of the above determinations shall be made based upon the status
      of each Mortgage Loan on the Sale and Transfer Date.

     

    (b)  As
      to
      Mortgage Loans as which are Sixty (60) Days Delinquent which are not (i) in
      Bankruptcy, (ii) in Litigation or (iii) in Foreclosure, the aggregate
      outstanding principal balance of such Mortgage Loans, as of the close of
      business on the Sale Date, multiplied by 0.4375% (0.004375). All of the above
      determinations shall be made based upon the status of each Mortgage Loan on
      the
      Sale Date.

     

    
      
        
        

      

      
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          5
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    3.2  Accounts
      Receivable.
      Within
      five (5) Business Days after Purchaser receives documentation which is
      reasonably satisfactory to it as to Accounts Receivable on the Mortgage Loans
      transferred to Purchaser, Purchaser shall pay such documented amount to Seller.
      Accounts Receivable which are not considered by Purchaser to be recoverable,
      will be paid to Seller by Purchaser only if and when recovered by
      Purchaser.

     

    3.3  Payment
      of the Purchase Price; Holdback.

     

    Subject
      to the conditions precedent set forth in Paragraph 9 of this Agreement, the
      Purchase Price shall be due and payable as follows:

     

    (a)  On
      the
      Sale and Transfer Date, Purchaser shall pay to Seller a sum equal to twenty
      percent (20%) of the Purchase Price.

     

    (b)  Within
      three (3) Business Days after the Sale and Transfer Date, Purchaser shall pay
      to
      Seller a sum equal to ninety percent (90%) of the Purchase Price, less the
      payment made in accordance with subparagraph (a) above.

     

    (c)  The
      balance of the Purchase Price, which is represented by the Holdback, shall
      be
      paid as herein provided, (i) fifty percent (50%) of the Holdback shall be paid
      to Seller upon Seller’s completion in all material respects of the delivery
      requirements set forth in the Transfer Instructions and Purchaser’s receipt of
      seventy-five percent (75%) of the Recorded Assignments, (ii) an additional
      twenty-five percent (25%) of the Holdback will be paid to Seller upon
      Purchaser’s receipt of ninety-five percent (95%) of the Recorded Assignments,
      and (iii) the balance of the Holdback will be paid to Seller upon Seller’s
      completion of all delivery requirements set forth in this Agreement.
      Notwithstanding the foregoing, Purchaser may elect to withhold such portion
      of
      the Holdback as Purchaser determines, in good faith, is equivalent to the
      out-of-pocket damages and expenses it reasonably expects to sustain if any
      of
      Seller’s representations and warranties are found to be untrue in any material
      respect or if Seller has otherwise materially defaulted under this Agreement
      and
      Seller has been placed on notice for such default or misrepresentation, and
      as
      of the date such payment of the Holdback is due, such default or defaults have
      not been cured to the reasonable satisfaction of Purchaser. Provided, however,
      Purchaser shall fund the Holdback or such portion thereof as is due to Seller
      at
      such time as the misrepresentations or defaults have been cured.

     

    (d)  Any
      amounts owed to Purchaser by Seller due to Buy-Down Funds or Related Escrow
      Accounts shall be transferred to Purchaser by Seller by wire transfer of federal
      funds within two (2) Business Days after the Sale and Transfer Date, based
      upon
      the schedule delivered by Seller to Purchaser as provided in paragraph 11
      herein.

     

    (e)  If,
      subsequent to the payment of the Purchase Price or the payment of any amounts
      due hereunder to either party, the outstanding principal balance of any of
      the
      Mortgage Loans is found to be in error, or if for any reason the Purchase Price
      or such other amounts is found to be in error, the party benefiting from the
      error shall pay an amount sufficient to correct and reconcile the Purchase
      Price
      or such other amounts and shall provide a reconciliation statement and other
      such documentation to reasonably satisfy the other party concerning the accuracy
      of such reconciliation. Such amounts shall be paid by the proper party within
      ten (10) Business Days from receipt of satisfactory written verification of
      amounts due.

     

    3.4  Adjustments
      to Purchase Price

     

    (a)  In
      the
      event an Investor does not approve the transfer of its Mortgage Loans as
      contemplated in this Agreement and if Purchaser does not terminate the Agreement
      as provided in 

     

    
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    subparagraph
      2.2, then Seller shall repurchase the Servicing of the affected Mortgage Loans
      in accordance with subparagraph 12.2; provided, however, that if the net average
      service fee of the remaining Mortgage Loans is less than 0.2516%, the Purchase
      Price will be reduced by multiplying 3.478 times the true net servicing fee
      (e.g. net service fee of 0.25% times 3.478 equals a purchase price of 0.87%,
      a
      .05 basis point reduction).

     

    (b)  In
      the
      event of the termination of the Servicing by an Investor as to any of the
      Mortgage Loans, through no fault of Purchaser, within eighteen (18) months
      from
      the Sale and Transfer Date (the date of the notice from the Investor shall
      be
      considered the termination date for the purpose of this subparagraph) and for
      which a termination fee is not paid or is less than the Purchase Price paid
      for
      such Mortgage Loans, then Seller agrees to reimburse Purchaser for the Purchase
      Price paid for the Servicing with respect to such Mortgage Loans, less any
      termination fees paid to Purchaser, in relation to such Servicing as
      follows:

     

    (i)  Months
      1
      - 12: 100%

     

    (ii)  Months
      13
      - 18: 75%

     

    4.  COVENANTS
      OF PURCHASER.
      Purchaser shall, subject to the terms and conditions of this Agreement, pay,
      perform and discharge or cause to be paid, performed, and discharged all of
      the
      obligations relating to the Servicing, Buy-Down Funds and Related Escrow
      Accounts assigned to Purchaser from and after the Sale and Transfer Date.
      Purchaser further agrees to accept and assume such obligations relating to
      the
      Servicing and the Mortgage Loans as shall be required by the Investors and
      as
      provided in the agreements and documents executed by the parties pursuant to
      subparagraph 2.3 of this Agreement.

     

    5.  COVENANTS
      OF SELLER.
      Seller
      covenants and agrees with Purchaser as follows:

     

    (a)  Remaining
      Obligations.
      Seller
      shall pay, perform or discharge all of its liabilities and obligations accruing
      before the Sale and Transfer Date relating to the Servicing, the Related Escrow
      Accounts and the Mortgage Loans, to the extent the same are unpaid or
      unfulfilled on the Sale and Transfer Date and except as expressly assumed by
      Purchaser pursuant to the terms hereof.

     

    (b)  Servicing
      Income.
      All
      monies received by Seller after the Sale and Transfer Date relating to the
      Mortgage Loans and the Accounts Receivable shall be promptly turned over to
      Purchaser and all servicing fees and Ancillary Income accruing after the Sale
      and Transfer Date with respect to the Servicing shall inure to the benefit
      of
      Purchaser.

     

    (c)  Correction
      of Material Errors.
      Seller
      shall, at the request of Purchaser, make a good faith effort and diligently
      pursue the correction of any material errors or deficiencies in any of the
      Mortgage Loans or related loan documentation. For purposes of this provision,
      material shall refer to errors or deficiencies which are required to be
      corrected by the Investors.

     

    (d)  Assignment
      and Transfer.
      Unless
      previously recorded in the Investor’s name or MERS®, as evidenced of record in
      the Mortgage Loan file, Seller shall, at its expense, cause to be prepared,
      executed, and, where applicable, recorded all documents necessary to legally
      transfer and assign all right, title and interest in and to the Servicing of
      the
      Mortgage Loans from Seller to Purchaser including, without limitation, the
      Mortgage Note endorsements, assignments in recordable form from Purchaser to
      blank (if required by Investor Guidelines) and the Recorded Assignments. Seller
      shall provide a special purpose resolution authorizing those officers of
      Purchaser to sign such documents on Seller’s behalf. Seller shall be responsible
      for obtaining and shall pay the cost of securing the approval of the Investors,
      including payment of any investor fees, sub-servicer fees or transfer fees
      due.
      In addition,

     

    
      
        
        

      

      
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     Seller
      shall pay any costs related to (i) obtaining the release of the Mortgage File
      and related Mortgage Loan documents from the custodian of the Mortgage Loans,
      (ii) the cost of shipping the Mortgage File and related Mortgage Loan
      documentation to Purchaser or a custodian designated by Purchaser, and (iii)
      obtaining and delivering complete master file tape information and any other
      electronically stored information.

     

     

    (e)  Tax
      Payments.
      Provided the tax bill has been released by the taxing authority prior to the
      Sale and Transfer Date, Seller shall pay to Purchaser any penalty charges or
      the
      amount of any discounts lost as a result of a failure to pay tax bills with
      respect to Mortgage Loans as to which a Related Escrow Account is maintained,
      which are due and payable on or before the Sale and Transfer Date or thirty
      (30)
      days subsequent thereto, which are subsequently incurred by
      Purchaser.

     

    (f)  Defects.
      If any
      Mortgage Loan, including the Related Escrow Account for such Mortgage Loan,
      is
      found defective or deficient as a result of acts or omissions prior to the
      Sale
      and Transfer Date in accordance with Investor Guidelines or such defect or
      deficiency limits the Purchaser’s ability to properly service the Mortgage Loan,
      other than as a result of a servicing error by Purchaser after the Sale and
      Transfer Date, Seller shall upon written notification by Purchaser (i) correct
      or cure the defect (or defend the asserted defect to the Investor in good faith
      to the reasonable satisfaction of the Purchaser) to the reasonable satisfaction
      of Purchaser and/or Investor within thirty (30) days or such time period allowed
      by the Investors, or if such defect cannot be cured within such time period,
      (ii) repurchase the Servicing with respect to the affected Mortgage Loan from
      Purchaser and repurchase the Mortgage Loan from Purchaser if Purchaser is
      required to purchase such Mortgage Loan from the Investor, as provided in
      subparagraph 12.2 of this Agreement, and (iii) hold harmless and indemnify
      Purchaser from any and all claims, demands, liabilities or losses incidental
      thereto including reasonable attorney’s fees and costs.

     

    (g)  Casualty
      Loss.
      Seller
      shall be liable for any loss incurred by Purchaser as the result of a casualty
      loss to any property subject to a Mortgage Loan where the loss occurs either
      prior to or on the Sale and Transfer Date for such Mortgage Loan, if such loss
      is the direct result of the expiration of any such insurance policies prior
      to
      the Sale and Transfer Date or is due to the insufficiency (in accordance with
      Investor Guidelines) of any such insurance coverage. Further, if any insurance
      coverage is insufficient in accordance with Investor Guidelines, Seller warrants
      to Purchaser that the costs incurred for providing such insurance are secured
      by
      the Mortgage Loan and payable by the Mortgagor under the Mortgage Loan. In
      the
      event there is no evidence of insurance coverage on any Mortgage Loan as of
      the
      Sale and Transfer Date for such Mortgage Loan, Seller shall provide such
      evidence within five (5) days of written request by Purchaser or shall be
      responsible for the cost of Purchaser’s obtaining the necessary insurance
      coverage to the extent such costs are not otherwise due, collectible, and
      payable by the Mortgagor under the Mortgage Loan.

     

    (h)  No
      Solicitation or Refinancing.
      After
      the Sale and Transfer Date, neither Seller nor any affiliate, parent,
      subsidiary, sub-servicer, or agent of Seller (the “Related Parties”) shall,
      during the remaining term of any of the Mortgage Loans, (a) use information
      derived from the origination, sale, or servicing of the Mortgage Loans to
      refinance any Mortgage Loan, or (b) solicit in any manner any of the Mortgagors
      of the Mortgage Loans for the purpose of refinancing or the sale of any other
      products. For purposes of this subparagraph, advertising directed to i) the
      general public, (ii) generic statement stuffers to Seller’s banking customers,
      (iii) general mailings to all Seller’s banking customers, and (iv) mailings to
      parties whose names were obtained through commercially available mailing lists
      shall not be deemed to be a prohibited solicitation. Seller shall not direct
      any
      promotion or creation of a mass mailing list nor shall Seller use a mass mailing
      list prepared where such mailing list is structured to target Mortgagors of
      the
      Mortgage Loans.

     

    
      
        
        

      

      
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    In
      the
      event Seller or the Related Parties violate the above covenant, Seller shall,
      upon demand by Purchaser, pay to Purchaser a sum equal to the Purchase Price
      paid by Purchaser for the Servicing with respect to each Mortgage Loan which
      Seller or Related Parties has refinanced for a period of time three (3) months
      before the violation and three (3) months after the violation. Provided that
      such violation is within three (3) months of the Sale and Transfer Date,
      Purchaser shall receive a full six (6) months protection from the Seller as
      to
      any violation.

     

    (i)  Prepaid
      Mortgage Loans.
      Seller
      shall reimburse Purchaser upon demand for the Purchase Price paid for any
      Servicing with respect to Prepaid Mortgage Loans. In the event the Sale and
      Transfer Date is extended by the Seller, the number of days during which
      Purchaser will be entitled to prepayment protection from Seller, as contemplated
      herein, shall be extended for a like number of days.

     

    (j)  Compliance
      with Obligations.
      Prior
      to the Sale and Transfer Date, Seller shall comply in all material respects
      with
      all of its obligations under all contracts to which it is a party and with
      all
      applicable laws, regulations and other guidelines of the Investors which might
      affect any of the Servicing of the Mortgage Loans being purchased by Purchaser
      hereunder and Seller will do no act or thing which may cause the cancellation
      of
      or otherwise materially and adversely affect any of the Servicing.

     

    (k)  Investor
      Reports/Remittances.
      Seller
      has filed or timely will file all reports and remittances required by Investor
      Guidelines. As of the Sale and Transfer Date, Seller will be in compliance
      with
      all applicable federal, state and municipal laws, regulations and ordinances
      affecting the Servicing of the Mortgage Loans. Seller shall report the interest
      payments of the Mortgagors under the Mortgage Loans and other related payments
      and disbursements made during the period prior to the Sale and Transfer Date,
      during which period Seller serviced or sub-serviced the Mortgage Loans. Seller
      shall be responsible for providing Purchaser with accurate Tax Identification
      Numbers on all of the Mortgagors of the Mortgage Loans and shall reimburse
      Purchaser or successfully contest the Internal Revenue Service for any Internal
      Revenue Service penalties incurred by Purchaser for any tax years prior to
      the
      Sale and Transfer Date as to Tax Identification Number errors in the Mortgage
      Loan data base.

     

    (l)  Investor
      Approval.
      The
      sale and assignment of Servicing under this Agreement is subject to the consent
      and approval of the Investors. Seller agrees to (i) pay all costs and fees
      relating to obtaining such approval, and (ii) use due diligence to obtain such
      approval. Purchaser will assist Seller and complete any documentation and supply
      any information reasonably required in order to obtain the approval of the
      Investors. If the unconditional consent of an Investor is not received by the
      Business Day prior to the Sale and Transfer Date or within such later date
      as
      Purchaser may approve in writing, or if such consent is given only upon terms
      which are not reasonably acceptable to Purchaser, then Purchaser may elect
      to
      terminate this Agreement as provided in subparagraph 2.2, or to exclude the
      Mortgage Loans for which Investor Approval was not obtained with a commensurate
      reduction in the Purchase Price. In the event Purchaser elects to terminate
      this
      Agreement as provided above, Purchaser will provide written notice to Seller.
      Within three (3) Business Days after notice of termination is given by
      Purchaser, Seller shall immediately refund to Purchaser any portion of the
      Purchase Price received by Seller, if any, and Purchaser shall re-convey any
      portion of the Transferred Assets delivered to Purchaser from Seller immediately
      upon termination. In the event Investor consent is not granted due to the acts,
      errors or omissions of a party hereto, then such party shall reimburse the
      party
      not at fault for its unreimbursed costs and expenses associated with this
      Agreement, including its reasonable attorney’s fees and costs.

     

    (m)  Optional
      Insurance Premiums.
      If, at
      any time after the Sale and Transfer Date, Purchaser determines that Seller
      received unearned optional insurance premiums from any Mortgagor(s), Seller
      shall, upon demand from Purchaser reimburse Purchaser therefor within ten (10)
      days of Purchaser’s written request for such reimbursement. Additionally, Seller
      shall indemnify and hold

     

    
      
        
        

      

      
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     Purchaser
      harmless from any and all other claims and demands of the Mortgagors relating
      to
      optional insurance policies and premiums collected in connection therewith
      prior
      to the Sale and Transfer Date.

     

    (n)  Tax
      and Flood Reporting Service.
      Seller
      shall, at its expense, provide Purchaser with transferable full service lifetime
      flood servicing contracts on all Mortgage Loans. Seller shall pay all costs,
      if
      any, associated with transferring such contracts to Purchaser. Seller shall
      provide to Purchaser, in electronic format, tax parcel numbers. Purchaser shall
      be responsible for the cost and procurement of tax servicing
      contracts.

     

    (o)  Master
      Commitments.
      Subject
      to Purchaser’s agreement to treat such information as confidential and subject
      to Seller’s right to withhold or redact any information as it deems reasonably
      necessary to comply with applicable law or Investor Guidelines, Seller shall
      provide to Purchaser upon request copies of all commitments under which the
      Mortgage Loans were sold to the Investors.

     

    (p)  ARM
      Adjustments.
      Seller
      shall make all appropriate rate and payment adjustments, as applicable, in
      accordance with each adjustable rate Mortgage Note prior to the Sale and
      Transfer Date.

     

    (q)  Custodial
      Account Adjustments.
      On or
      before the Sale and Transfer Date, Seller shall correct and fund all cash and
      collateral deficiencies with respect to the custodial accounts as required
      by
      Investor Guidelines. In the event such adjustments are not made promptly and
      the
      funds paid to Purchaser, then Purchaser may deduct the amounts which it
      calculates to be due and payable from the Holdback.

     

    (r)  Mortgage
      Loans in Litigation.
      On or
      before ten (10) Business Days prior to the Sale and Transfer Date, Seller shall
      disclose to Purchaser, in writing, all Litigation relating to any Mortgage
      Loan.
      Purchaser shall have the right to exclude any such Mortgage Loan from this
      Agreement.

     

    6.  POST
      CLOSING REQUIREMENTS.
      The
      Seller and Purchaser agree to complete the following subsequent to the Sale
      and
      Transfer Date:

     

    (a)  Assignments.
      As
      provided for in subparagraph 5(d), Seller shall be responsible for preparing
      and
      delivering all documents necessary to legally transfer and assign all right,
      title and interest in and to the Servicing of the Mortgage Loans, including
      the
      Recorded Assignments. Seller shall send the Recorded Assignments for recording
      on the Sale and Transfer Date. Seller shall diligently pursue obtaining the
      Recorded Assignments and shall deliver same to Purchaser immediately upon
      receipt.

     

    (b)  Seller
      shall diligently pursue obtaining all documentation required for the due
      transfer of the Servicing to Purchaser and for delivering such documentation
      to
      Purchaser within the prescribed time limits set forth in the Investor
      Guidelines.

     

    (c)  Seller
      shall deliver, or cause to be delivered to Purchaser within two (2) Business
      Days after the Sale and Transfer Date, all Mortgage Files.

     

    (d)  Purchaser
      shall report the interest payments of the Mortgagors of the Mortgage Loans
      and
      other related payments and disbursements received and applied, which are
      required to be reported, for the period from and after the Sale and Transfer
      Date.

     

    
      
        
        

      

      
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    7.  REPRESENTATIONS
      AND WARRANTIES OF SELLER.

     

    The
      representations and warranties of Seller contained in this Agreement shall
      continue and survive the purchase of the Servicing and the delivery and
      assignment to Purchaser of such Servicing and shall inure to the benefit of
      Purchaser, its successors and assigns. Purchaser is purchasing, and any
      subsequent transferee or assignee will assume or purchase, the Servicing in
      reliance on the truth and accuracy of each such representation or warranty.
      In
      addition to representations and warranties made elsewhere in this Agreement,
      Seller represents and warrants to Purchaser, as of the Sale and Transfer Date,
      as follows:

     

    7.1  Due
      Incorporation and Good Standing.
      Seller
      is
      a commercial bank, duly organized and validly existing under the laws of the
      State of Indiana. Seller has in full force and effect (without notice of
      possible suspension, revocation or impairment) all required qualifications,
      permits, approvals, licenses, and registrations (or is exempt from same) to
      conduct all activities in all states in which its activities with respect to
      the
      Mortgage Loans or the Servicing require it to be qualified or
      licensed.

     

    7.2  Authority
      and Capacity.
      Seller
      has all requisite corporate power, authority and capacity to execute and deliver
      this Agreement and to perform all of its obligations hereunder and thereunder.
      Seller does not believe, nor does it have any cause or reason to believe, that
      it cannot perform each and every covenant contained in this
      Agreement.

     

    7.3  Effective
      Agreement.
      The
      execution, delivery and performance of this Agreement by Seller and consummation
      of the transactions contemplated hereby and thereby have been or will be duly
      and validly authorized by all necessary corporate, shareholder or other action.
      This Agreement has been duly and validly executed and delivered by Seller,
      and
      this Agreement is a valid and legally binding agreement of Seller enforceable
      against Seller in accordance with its terms, subject to applicable insolvency,
      bankruptcy, reorganization, moratorium, or similar laws and principles of
      equity. Any requisite consents or approvals of third parties (including the
      Investors and any other applicable regulatory authorities) to the execution
      and
      delivery of this Agreement or the performance of the transactions contemplated
      hereby and thereby by Seller have been or will be obtained prior to the Sale
      and
      Transfer Date or such other earlier date as expressly provided
      herein.

     

    7.4  No
      Conflict.
      Neither
      the execution and delivery of this Agreement nor the consummation of the
      transactions contemplated hereby and thereby, nor compliance with its terms
      and
      conditions, shall (a) violate, conflict with, result in a material breach of,
      constitute a default under any of the terms, conditions or provisions of the
      Articles of Incorporation or By Laws or any similar corporate or organizational
      documents of Seller, or other agreement or instrument to which Seller is now
      a
      party or by which Seller is bound, or of any law, ordinance, rule or regulation
      of any governmental authority applicable to Seller, or of any order, judgment
      or
      decree of any court or governmental authority applicable to Seller, or (b)
      result in the creation or imposition of any lien, charge or encumbrance of
      any
      nature upon, the Servicing or any of the Mortgage Loans or the properties or
      assets of Seller.

     

    7.5  Approvals
      and Compliance.
      Seller
      is approved and in good standing with the Investors. Seller is not in default
      with respect to Seller’s obligations under Investor Guidelines, and Seller is in
      compliance in all material respects with all applicable laws, regulations,
      rules
      and requirements (including, without limitation, the rules, regulations and
      requirements of the Investors, to the extent applicable) relating to the
      Servicing.

     

    7.6  Filing
      of Reports.
      Seller
      has filed all reports required by the Investors with respect to the Mortgage
      Loans and the Servicing, and Seller has complied in all material respects with
      federal, state and

     

    
      
        
        

      

      
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     municipal
      laws, regulations and ordinances affecting the Mortgage Loans and the Servicing.
      Seller has filed all IRS Forms, as appropriate, which are required to be filed
      with respect to the Servicing.

     

    7.7  Related
      Escrow Accounts.
      All
      Related Escrow Accounts required to be maintained by Seller have been
      established and continuously maintained in accordance with Applicable
      Requirements. Except as to payments which are past due under the Mortgage Loans,
      all Related Escrow Account balances required by the Mortgage Loans and paid
      to
      Seller for the account of the Mortgagors under the Mortgage Loans are on deposit
      in the appropriate Related Escrow Accounts. Within the last twelve (12) months,
      Seller has analyzed the payments required to be deposited into the Related
      Escrow Account, other than with respect to Mortgage Loans in Bankruptcy or
      in
      Foreclosure, and adjusted the payment thereto in order to eliminate any
      deficiency it may have discovered.

     

    7.8  Accounts
      Receivable.
      The
      Accounts Receivable are valid and subsisting accounts owing to Seller, are
      carried on the books of Seller at values determined in accordance with generally
      accepted accounting principles and are not subject to any set offs or claims
      of
      the account debtor arising from acts or omissions of, or otherwise known to,
      Seller.

     

    7.9  The
      Mortgage Loans.

     

    (a)  Investor
      Requirements.
      Each
      Mortgage Loan conforms in all material respects to the requirements and
      specifications of the Investors.

     

    (b)  Enforceability
      of Mortgage Loan.
      The
      Mortgage Note and the related Mortgage Loan are genuine and each is the legal,
      valid and binding obligation of the maker thereof, enforceable in accordance
      with its terms. All parties to the Mortgage Note and the Mortgage Loan had
      legal
      capacity to execute the Mortgage Note and the Mortgage Loan and each Mortgage
      Note and Mortgage Loan have been duly and properly executed by such parties.
      None of the Mortgage Loans are subject to any right of rescission, set off,
      counterclaim or defense, including the defense of usury, nor will the operation
      of any of the terms of the Mortgage Note or the Mortgage Loan, or the exercise
      of any right thereunder, render either the Mortgage Note or the Mortgage Loan
      unenforceable, in whole or in part, or subject to any right of rescission,
      set
      off, counterclaim or defense, including the defense of usury, and no such right
      of rescission, set off, counterclaim or defense has been asserted with respect
      thereto.

     

    (c)  Disbursement.
      The
      full original principal amount of each Mortgage Loan (net of any discounts)
      has
      been fully advanced or disbursed to the Mortgagor named therein, there is no
      requirement for future advances and any and all requirements as to completion
      of
      any on site or off site improvements and as to disbursements of any escrow
      funds
      therefor have been satisfied. All costs, fees and expenses incurred in making,
      closing or recording the Mortgage Loan were paid. There is no obligation on
      the
      part of Seller, or of any other party, to make supplemental payments in addition
      to those made by the Mortgagor.

     

    (d)  Priority
      of Lien.
      Each
      Mortgage Loan has been duly acknowledged and recorded and is a valid and
      subsisting first lien and the mortgaged property is free and clear of all
      encumbrances and liens having priority over the lien of the Mortgage Loan,
      except for (i) liens for real estate taxes and special assessments not yet
      due
      and payable, (ii) covenants, conditions and restrictions, rights of way,
      easements and other matters of the public record as of the date of recording,
      acceptable to mortgage lending institutions generally and (iii) other matters
      to
      which like properties are commonly subject which do not materially interfere
      with the benefits of the security intended to be provided by the Mortgage Loan
      or the use, enjoyment, value or marketability of the related mortgaged property.
      There are no mechanics or similar liens or claims which have been filed for
      work, labor or material (and no rights are outstanding that under law could
      give
      rise to such lien) affecting the mortgaged property which are or may be
      liens

     

    
      
        
        

      

      
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     prior
      to, or equal or coordinate with, the lien of the Mortgage Loan. A valid
      mortgagee’s title policy or attorney’s opinion letter which meets Investor
      Guidelines has been issued and is and shall remain in full force and effect
      for
      each such Mortgage Loan in an amount not less than the original principal amount
      of such Mortgage Loan, which title policy insures that the related Mortgage
      Loan
      is a valid first lien on the mortgaged property therein described and that
      the
      mortgaged property is free and clear of all encumbrances and liens having
      priority over the lien of the Mortgage Loan, subject to the exceptions set
      forth
      in this subparagraph, and otherwise in compliance with the requirements of
      the
      Investors and the applicable insurer. All tax identifications and property
      descriptions are legally sufficient; tax segregation, where required, has been
      completed. The failure of Seller or any servicer to have recorded intervening
      assignments of the Mortgage Loan will not cause a delay in the subsequent
      release of any Mortgage Loan or otherwise subject Purchaser to any liabilities
      or costs.

     

    (e)  No
      Default/No Waiver.
      There
      is no default, breach, violation or event of acceleration (except as disclosed
      by Seller to Purchaser prior to the Sale and Transfer Date) existing under
      any
      Mortgage Loan, and no event has occurred which, with the passage of time or
      with
      notice and the expiration of any grace or cure period, would constitute a
      default, breach, violation or event of acceleration; and Seller has not waived
      any default, breach, violation or event of acceleration. The terms of the
      Mortgage Loan have in no way been waived, impaired, changed or modified, except
      by written instrument which has been recorded, if necessary, and approved by
      the
      Investors. Seller has not advanced its funds to cure a default or delinquency
      with respect to any such Mortgage Loans, except for advances made to pay for
      items subject to the escrow for the Mortgage Loans.

     

    (f)  Application
      of Funds.
      All
      payments received by Seller or any prior servicer with respect to any Mortgage
      Loans have been remitted and properly accounted for as required by Applicable
      Requirements. All funds received by Seller or any prior servicer in connection
      with the satisfaction of Mortgage Loans, including but not limited to
      foreclosure proceeds and insurance proceeds from hazard losses, have been
      deposited in the appropriate principal and interest account or taxes and
      insurance account included among the Related Escrow Accounts, and all such
      funds
      have been applied to reduce the principal balance of the Mortgage Loans in
      question, or for reimbursement of repairs to the mortgaged property or as
      otherwise required by Applicable Requirements or are and will be in one of
      the
      Related Escrow Accounts on the Sale and Transfer Date. The unpaid balances
      of
      the Mortgage Loans are as stated in the Mortgage Files to be delivered to
      Purchaser.

     

    (g)  Compliance
      with Laws.
      Seller
      and any other party originally named as payee under the Mortgage Notes have
      complied, and Seller will continue to comply through the Sale and Transfer
      Date,
      with every applicable federal, state, or local law, statute, and ordinance,
      and
      any rule, regulation, or order issued thereunder, pertaining to the subject
      matter of this Agreement, including, without limitation, real estate settlement
      procedures, anti-predator laws, fair credit reporting, and every other
      prohibition against unlawful discrimination or governing consumer credit, and
      also including, without limitation, the Consumer Credit Reporting Act, Equal
      Credit Opportunity Act of 1975 and Regulation B, Fair Credit Reporting Act,
      Truth in Lending Law, in particular, Regulation Z as amended, the Flood Disaster
      Protection Act of 1973, and state consumer credit codes and laws. Each party
      originally named as payee under the Mortgage Notes and as mortgagee under the
      related Mortgage Loan was qualified to do business, and had all requisite
      licenses, permits and approvals, in the state in which the applicable mortgaged
      properties are located as well as the states in which such notes or mortgages
      were executed.

     

    (h)  Taxes.
      All
      taxes, governmental assessments, insurance premiums, water, sewer and municipal
      charges, leasehold payments, ground rents relating to the Mortgage Loans
      required to be paid by Seller have been paid as required pursuant to Applicable
      Requirements and as herein provided.

     

    
      
        
        

      

      
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    (i)  Insurance.
      All
      mortgaged properties are currently insured against loss by fire, hazards or
      extended coverage insurance policies in accordance with Applicable Requirements
      and in an amount at least equal to the outstanding principal balance of the
      applicable Mortgage Loans or, where applicable, carry a sufficient amount of
      guaranteed replacement cost coverage unless prohibited by applicable state
      law.
      If required by the Flood Disaster Protection Act of 1973, each such property
      is
      covered by a flood insurance policy in an amount not less than the lesser of
      (i)
      the outstanding principal balance of the applicable Mortgage Loan, or (in)
      the
      maximum amount of insurance that is available under such Act. All such insurance
      policies are in full force and effect, and all premiums with respect to such
      policies have been paid.

     

    (j)  Damage;
      Condemnation.
      As of
      the Sale and Transfer Date, to the best of the Seller’s knowledge, there exists
      no physical damage to the mortgaged property from fire, flood, windstorm,
      earthquake, tornado, hurricane or any other similar casualty, which physical
      damage would cause any Mortgage Loan to become delinquent or adversely affect
      the value or marketability of any Mortgage Loan, the Servicing or the mortgaged
      property or the eligibility of the Mortgage Loan for insurance benefits, or
      the
      amount of insurance benefits, by any Insurer. To the best of Seller’s knowledge,
      there is no proceeding pending for the total or partial condemnation of, or
      eminent domain with respect to, the mortgaged property.

     

    (k)  Pools.
      All
      pools relating to the Mortgage Loans have been initially certified, finally
      certified and/or re-certified in accordance with Applicable Requirements and
      Investor Guidelines. All Pools relating to the Mortgage Loans shall be, when
      transferred to Purchaser, eligible for recertification by Purchaser’s custodian,
      and Seller will be responsible for curing any deficiencies, unless caused by
      Purchaser, that must be cured in order for Purchaser to obtain such
      recertification. The principal balance outstanding and owing on the Mortgage
      Loans in each pool equals or exceeds the amount owing to the corresponding
      security holder of such pool.

     

    (l)  Mortgage
      File.
      The
      Mortgage File contains each of the documents and instruments specified to be
      included therein and required to be maintained by the Investors, duly executed
      and in due and proper form. Each such document or instrument is genuine and
      in
      form acceptable to the Investors and the information contained therein is true,
      accurate and complete in all material respects.

     

    (m)  Good
      Title.
      The
      sale, transfer and assignment by Seller to Purchaser of the Servicing, and
      the
      instruments required to be executed by Seller and delivered to Purchaser
      pursuant to Investor Guidelines or other contractual provisions, are, or will
      be
      on the Sale and Transfer Date, valid and enforceable in accordance with their
      terms and will effectively vest in Purchaser good and marketable title to the
      Servicing, free and clear of any and all liens, claims, or encumbrances, except
      for those encumbrances required by Investor Guidelines. Seller has not
      previously assigned, transferred or encumbered the Servicing. There are no
      contracts affecting the Servicing for the Mortgage Loans to which Purchaser
      will
      be bound and no other party has any interest in the Servicing except as required
      or permitted under Investor Guidelines.

     

    (n)  Origination,
      Sale and Collection Practices.
      The
      origination, sale and collection practices used by Seller or any prior
      originator or servicer with respect to each Mortgage Loan have been in all
      material respects legal, proper, prudent and customary in the mortgage lending
      business and consistent with Applicable Requirements. With respect to escrow
      deposits and payments in those instances where such were required, there exist
      no deficiencies in connection therewith for which customary arrangements for
      repayment thereof have not been made, and no escrow deposits or payments or
      other charges or prepayments due to the Mortgagor have been capitalized under
      any Mortgage Loan or the related Mortgage Note.

     

    
      
        
        

      

      
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    (o)  Hazardous
      Material.
      To the
      best of Seller’s knowledge, no hazardous material, including oil and asbestos,
      is present on, in, at or under the mortgaged property securing a Mortgage Loan
      such that (a) the value of such mortgaged property is materially and adversely
      affected, or (b) under applicable federal, state or local law, (i) such
      hazardous material would be required to be eliminated before such mortgaged
      property could be altered, renovated, demolished or transferred or (ii) the
      presence of such hazardous material would (upon action by the appropriate
      governmental authorities) subject the owner of such mortgaged property, or
      the
      holder of a security interest therein, to liability for the cost of eliminating
      such hazardous material or the hazard created thereby.

     

    7.10  Insurance.
      Error
      and omissions and fidelity insurance coverage, in amounts as required by the
      Investors, is in effect with respect to Seller and will be maintained until
      the
      transactions contemplated by this Agreement have been consummated in accordance
      with the terms hereof and thereof.

     

    7.11  Litigation.
      There
      is no litigation, claim, demand, proceeding or governmental investigation
      existing or pending, or to the knowledge of Seller, threatened, or any order,
      injunction or decree outstanding, against or relating to Seller that could
      have
      a material adverse effect upon the Servicing being purchased by Purchaser
      hereunder with respect to any Mortgage Loan or the performance by Seller of
      its
      obligations under Investor Guidelines, or result in loss or liability to
      Purchaser, nor does Seller know of any basis for any such litigation, claim,
      demand, proceeding, or governmental investigation.

     

    7.12  No
      Accrued Liabilities.
      There
      are no accrued or contingent liabilities of Seller with respect to the Mortgage
      Loans or Servicing or circumstances under which such accrued or contingent
      liabilities will arise against Purchaser, with respect to occurrences prior
      to
      the Sale and Transfer Date. In the event any termination or transfer fee
      relating to the Servicing may be outstanding on the Sale and Transfer Date,
      Seller assumes full responsibility for any such fee.

     

    7.13  Offering
      Information.
      The
      Offering Information was true and correct in every material respect as of the
      date such materials were furnished to Purchaser. The trial balances utilized
      in
      the computation of the payments of the Purchase Price are true and correct
      in
      all material respects.

     

    7.14  Statements
      Made.
      All of
      the representations and warranties of Seller in this Agreement or furnished
      to
      Purchaser in any instrument or document in connection herewith, including,
      without limitation, the Offering Information and the Offering Memorandum, (which
      instruments or documents shall be deemed to be a part of this Agreement) are
      true in all material respects as of the date of this Agreement and will be
      true
      in all material respects as of the Sale and Transfer Date. None of the written
      representations, information or documentation furnished or to be furnished
      by
      Seller to Purchaser in this Agreement or in the transactions contemplated hereby
      has materially changed since it was made or furnished, nor is it or will it
      become materially false or misleading, nor does it or will it contain any
      material misstatement of fact or omit to state a material fact necessary in
      order to make the statements in light of the circumstances in which they are
      made not misleading.

     

    7.15  No
      Cooperative Loans.
      None of
      the Mortgage Loans are secured by liens or security interests on cooperative
      properties.

     

    7.16  No
      Recourse Loans.
      None of
      the Mortgage Loans have Recourse Obligations, except as described on Appendix
      V
      attached hereto.

     

    8.  REPRESENTATIONS
      AND WARRANTIES OF PURCHASER. 
      The
      representations and warranties of Purchaser contained in this Agreement shall
      continue and survive the purchase of the Servicing and the delivery and
      assignment to Purchaser of such Servicing and

     

    
      
        
        

      

      
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    shall
      inure to the benefit of Seller, its successors and assigns. In addition to
      representations and warranties made elsewhere in this Agreement, Purchaser
      represents and warrants to Seller, as of the Sale and Transfer Date, as
      follows:

     

    8.1  Due
      Incorporation and Good Standing.
      Purchaser is a federal savings association and validly existing under the laws
      of the United States. Purchaser has in full force and effect (without notice
      of
      possible suspension, revocation or impairment) all required qualifications,
      permits, approvals, licenses, and registrations (or is exempt from same) to
      conduct all activities in all states in which its activities with respect to
      the
      Mortgage Loans or the Servicing require it to be qualified or
      licensed.

     

    8.2  Authority
      and Capacity.
      Purchaser has all requisite corporate power, authority, and capacity to enter
      into this Agreement and, subject to appropriate regulatory approval, to perform
      the obligations required of it hereunder.

     

    8.3  Enforceability.
      This
      Agreement constitutes a legal, valid and binding obligation of Purchaser,
      enforceable against Purchaser, subject to applicable insolvency, bankruptcy,
      reorganization, moratorium, or similar laws and principles of
      equity.

     

    8.4  Effective
      Agreement.
      The
      execution, delivery and performance of this Agreement by Purchaser and
      consummation of the transaction contemplated hereby and thereby have been or
      will be duly and validly authorized by all necessary corporate, shareholder
      or
      other action. This Agreement has been duly and validly executed and delivered
      by
      Purchaser. Any requisite consents or approvals of third parties (including
      applicable regulatory authorities) to the execution and delivery of this
      Agreement or the performance of the transactions contemplated hereby and thereby
      by Purchaser have been or will be obtained prior to the Sale and Transfer Date
      or such other earlier date as expressly provided herein. The execution and
      performance of this Agreement by Purchaser, its compliance with the terms hereof
      and the consummation of the transaction contemplated (assuming receipt of the
      various consents required to be obtained by Seller pursuant to this Agreement)
      will not violate any provision of law applicable to it and will not conflict
      with the terms or provisions of its charter or by-laws, or any other instrument
      relating to the conduct of its business or the ownership of its property, or
      any
      other agreement , order, decree or judgment to which Purchaser is a party or
      subject, or by which it or its assets are bound.

     

    8.5  Statements
      Made.
      No
      representation, warranty, or statement made by Purchaser in this Agreement
      or in
      any document referred to herein or in any schedule, statement, or certificate
      hereafter furnished pursuant to this Agreement or in connection with the
      transactions between Seller and Purchaser provided for in this Agreement,
      contains or will contain any untrue statement of a material fact or omits or
      will omit to state a material fact necessary to make such statements not
      misleading.

     

    8.6  Investor
      Good Standing.
      Purchaser is an approved Investor servicer and is in good standing with the
      Investors as required in order to perform the Servicing.

     

    8.7  Litigation;
      Compliance with Laws.
      There
      is no litigation, proceeding or governmental investigation pending or, to the
      knowledge of Purchaser, threatened, or any order, injunction or decree
      outstanding, against or relating to Purchaser which would materially and
      adversely affect the ability of Purchaser to execute, deliver, and perform
      the
      terms of this Agreement, nor does Purchaser know of any basis for any such
      litigation, proceeding, or governmental investigation. Purchaser has not
      violated any applicable state or federal law governing mortgage lending,
      including but not limited to, the Real Estate Settlement Procedures Act,
      Truth-in-Lending Act, Fair Credit Reporting Act, Equal Credit Opportunity Act,
      usury laws, or any other regulation, ordinance, order, or decree, or any other
      requirement of any governmental body or court, which would materially and
      adversely affect the ability of Purchaser to execute, deliver, and perform
      the
      terms of this Agreement.

     

    
      
        
        

      

      
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    9.  CONDITIONS
      PRECEDENT TO OBLIGATIONS OF PURCHASER.

     

    The
      obligations of Purchaser under this Agreement are subject to Purchaser’s
      satisfaction as to each of the following conditions (unless waived in writing
      by
      Purchaser):

     

    9.1  Correctness
      of Representations and Warranties.
      The
      representations and warranties made by Seller in this Agreement shall be true
      and correct in all material respects on the Sale and Transfer Date. All such
      representations and warranties are continuing and shall survive closing and
      funding pursuant to this Agreement.

     

    9.2  Compliance
      with Conditions.
      All of
      the terms, covenants and conditions of this Agreement required to be complied
      with and performed by Seller at or prior to the Sale and Transfer Date shall
      have been duly complied with and performed to the reasonable satisfaction of
      Purchaser.

     

    9.3  Opinion
      of Counsel for Seller.
      Seller
      shall cause to be delivered to Purchaser, prior to the Sale and Transfer Date,
      opinion from counsel to Seller, in form and substance reasonably satisfactory
      to
      counsel to Purchaser, to the effect that: (i) Seller has been duly organized
      and
      is validly existing in the jurisdiction of its organization; (ii) Seller has
      full corporate power and authority under its organizational documents to enter
      into and deliver the Closing Documents and to perform the obligations required
      of it thereunder, in particular, the power and authority to transfer all right,
      title, and interest in the Transferred Assets and the Accounts Receivable,
      (iii)
      the Closing Documents have been duly authorized, executed and delivered by
      Seller and do not and will not conflict with any of the terms of Seller’s
      organizational documents or any other corporate governing instruments and will
      not conflict with any material agreement, indenture, or other instruments which
      are binding on Seller, (iv) other than Foreclosure actions in which Seller
      is
      the plaintiff, there is no litigation, proceeding, or governmental investigation
      existing, pending, or threatened, or any order, injunction, or decree
      outstanding, against or relating to Seller, which is expected to have a material
      adverse effect upon (a) the rights being transferred to Purchaser hereunder
      after the Sale and Transfer Date, or (b) the obligations of Seller under the
      Closing Documents which has not been disclosed by Seller to Purchaser or its
      counsel in writing, (v) the Closing Documents constitute a legal, valid and
      binding obligation of Seller, subject to applicable insolvency, bankruptcy
      reorganization, moratorium or similar laws and principles of
      equity.

     

    9.4  Corporate
      Resolution.
      Purchaser shall have received a duly executed Secretary’s Certificate certifying
      that (i) the Board of Directors of Seller has specifically approved the sale
      of
      Servicing pursuant to this Agreement, (ii) such approval is reflected in the
      minutes of the meetings of Seller’s Board of Directors and (iii) Seller’s Board
      of Directors has authorized certain officers (as listed in an incumbency
      certificate to be provided to Purchaser) to execute this Agreement and all
      other
      documents necessary to consummate the transactions contemplated herein. A copy
      of such Board resolution shall be attached to the Secretary’s Certificate. In
      addition, Seller shall have provided to Purchasers the special purpose
      resolution required under subparagraph 5(d) of the Agreement.

     

    10.  CONDITIONS
      PRECEDENT TO OBLIGATIONS OF SELLER.

     

    The
      obligations of Seller under this Agreement are subject, at Seller’s option, to
      the satisfaction, at or prior to the Sale and Transfer Date, of each of the
      following conditions:

     

    10.1  Correctness
      of Representations and Warranties.
      The
      representations and warranties made by Purchaser in this Agreement are true
      and
      correct in all material respects and shall continue to be true and correct
      in
      all material respects on the Sale and Transfer Date.

     

    
      
        
        

      

      
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    10.2  Compliance
      with Conditions.
      All of
      the terms, conditions, and covenants of this Agreement required to be complied
      with and performed by Purchaser at or prior to the Sale and Transfer Date shall
      have been duly complied with and performed.

     

    10.3  Opinion
      of Counsel for Purchaser.
      Seller
      shall have received an opinion from counsel to Purchaser in connection with
      this
      transaction, prior to or on the Sale and Transfer Date, in form and substance
      reasonably satisfactory to counsel to Seller, to the effect that: (i) Purchaser
      is a federal savings bank under the laws of the United States and its status
      is
      active, (ii) Purchaser has full corporate power and authority under its
      organizational documents to enter into and deliver this Agreement and to perform
      the obligations required of it hereunder, (iii) the execution, delivery, and
      performance of this Agreement by Purchaser has been duly authorized and does
      not
      and will not conflict with any of the terms of Purchaser’s organizational
      documents, and (iv) this Agreement constitutes legal, valid, and binding
      obligations of Purchaser enforceable under applicable law, provided however,
      such statement shall not be construed as an opinion as to the enforceability
      of
      any specific provision of this Agreement.

    11.  SCHEDULE
      OF SERVICING.
      Within
      two (2) Business Days following the Sale Date, Seller shall deliver to Purchaser
      via email to carolyn.cragg@everhomemortgage.com an electronic schedule of the
      Mortgage Loans in Excel format reflecting the information as of the close of
      business on the Sale Date. The schedule shall contain the following information
      with respect to each Mortgage Loan: (i) Investor name, (ii) loan number, (iii)
      the Mortgagor’s name, (iv) address of mortgaged property, (v) unpaid principal
      balance, (vi) the interest rate provided in the Mortgage Note, (vii) next date
      on which the mortgage payment is due, (viii) type of loan, (ix) amount held
      in
      escrow for the account of the Mortgagor, (x) monthly principal and interest
      installment, (xi) monthly escrow installment, (xii) Accounts Receivable, (xiii)
      net Servicing fee, (xiv) Bankruptcy code, as applicable, and (xv) Foreclosure
      code, as applicable.

     

    12.  INDEMNIFICATION
      OF PURCHASER AND SELLER.

     

    12.1  Indemnification
      of Purchaser.
      Without
      regard to any knowledge qualifier, Seller shall indemnify and hold Purchaser
      harmless from, and will reimburse Purchaser for any and all liabilities, losses,
      damages, deficiencies, claims, penalties, fines, costs or expenses, including
      without limitation reasonable attorneys’ fees and court costs in preparation for
      or at trial, on appeal or in bankruptcy (“Seller’s Indemnified Matters”)
      incurred by Purchaser after the Sale and Transfer Date to the extent that
      Seller’s Indemnified Matters result from:

     

    (a)  any
      written misrepresentations made by Seller in this Agreement or in any schedule,
      statement, Appendix, or certificate furnished pursuant to this Agreement, the
      Offering Information, the Offering Memorandum or in connection with any of
      the
      foregoing;

     

    (b)  any
      breach of a representation or warranty by Seller, or the non-fulfillment of
      any
      covenant of Seller contained in this Agreement or in any schedule, statement,
      Appendix, or certificate furnished pursuant hereto;

     

    (c)  any
      defect in any Mortgage Loan existing as of the Sale and Transfer Date (including
      those defects subsequently discovered by Purchaser) which adversely affects
      the
      Mortgage Loans, the value of the Servicing, or which is required to be cured
      pursuant to Investor Guidelines;

     

    (d)  acts
      or
      omissions of Seller, any originator of Third Party Originated Loans or any
      prior
      servicer with respect to issuer, originator, or lender responsibilities pursuant
      to Investor Guidelines, or Applicable Requirements, or acts or omissions by
      any
      of the foregoing relating to the Servicing prior to the Sale and Transfer Date,
      including, but not limited to, compliance with all applicable
      Investor

     

    
      
        
        

      

      
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    Guidelines,
      incomplete or erroneous loan documentation, fraud at origination by any party,
      unapproved assumptions, data base errors and omissions, inaccurate Tax
      Identification Numbers on the Mortgagors of the Mortgage Loans, improper escrow
      disbursements, unrecoverable Accounts Receivable, misquoted payoffs, misapplied
      payments, failure to file timely notice of default or failure to pay or to
      provide evidence of payment of taxes, insurance or other charges, including
      penalties and interest, or hazard insurance claims not covered by
      insurance;

     

    (e)  the
      failure or inability of Seller to produce the payment history on any Mortgage
      Loan from the date of origination thereof;

     

    (f)  any
      Recourse Obligation; or

     

    (g)  any
      litigation, including without limitation, class action lawsuits due to acts
      or
      omissions prior to the Sale and Transfer Date.

     

    Purchaser
      agrees to promptly notify Seller in writing of the existence of any fact known
      to Purchaser giving rise to any obligations of Seller under this Paragraph
      12
      and, in the case of any claim or any litigation brought by a third party which
      may give rise to any such obligations, Purchaser agrees to promptly notify
      Seller of the making of such claim or the commencement of such action by a
      third
      party as and when the same become known to Purchaser. Purchaser shall have
      the
      right to settle any claim for $5,000 or less; provided that each such settlement
      shall be made in good faith and provided further that the aggregate amount
      of
      claims so settled in accordance with this sentence without Seller’s consent
      shall not exceed $25,000. Seller shall be entitled to participate in the defense
      of any action brought by a third party against Purchaser which may give rise
      to
      an obligation of Seller and, at its election, to direct the defense thereof
      at
      its own expense if the claim exceeds $5,000.

     

    All
      indemnifications, representations, and warranties under this Agreement shall
      survive termination and/or consummation of this Agreement and may be assigned
      by
      Purchaser to any subsequent purchaser of the Servicing.

     

    12.2  Repurchase
      of Mortgage Loans and Servicing.
      In the
      event Purchaser discovers that any of the representations and warranties made
      in
      this Agreement by Seller were not accurate in any material respect at the time
      they were made by Seller, or if there exists a basis to demand indemnification
      under subparagraph 12.1 hereof and subject to the cure provision in subparagraph
      5(f) herein, in addition to any other rights and remedies it may have hereunder,
      at law or in equity, Purchaser, subject to any limitations of the Investors,
      may
      demand that Seller repurchase from Purchaser either (i) the Servicing as to
      those Mortgage Loans which are affected by the inaccurate representation and
      warranty, or (ii) in the event the Investor demands the repurchase of the
      Mortgage Loan, such Mortgage Loan or the related mortgaged property. The
      repurchase price under this subparagraph for any repurchased Servicing shall
      equal the sum of (w) purchase percentage paid in accordance with subparagraph
      3.1 herein times the unpaid principal balance at the time of repurchase, (x)
      if
      the repurchase includes the Mortgage Loan, the aggregate unpaid principal
      balance at the time of repurchase of the Mortgage Loan and all accrued and
      unpaid interest thereon at the time of repurchase by Seller, (y) all sums paid
      by Purchaser as to such Mortgage Loan for the related Accounts Receivables
      to
      the extent Purchaser has not been reimbursed for such Accounts Receivables
      by
      the respective Mortgagors or otherwise, and (z) all other reasonable and
      customary unreimbursed out-of-pocket costs, expenses and advances incurred
      by
      Purchaser in connection with such Mortgage Loan after the Sale and Transfer
      Date. After the Seller has the opportunity to cure such defect or deficiency
      in
      accordance with subparagraph 5(f) herein and such defect or deficiency cannot
      be
      cured and Seller is required to either purchase a Mortgage Loan or repurchase
      Servicing related to a Mortgage Loan from Purchaser, such purchase or repurchase
      shall be accomplished within fifteen (15) Business Days following receipt from
      Purchaser of written demand pursuant hereto. If Seller fails for any reason
      to

     

    
      
        
        

      

      
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    purchase
      or repurchase within the time period required under this Agreement, an
      additional penalty of $1,000.00 will be assessed for each additional fifteen
      (15) day period until such purchase or repurchase payment is received by
      Purchaser. Upon completion of such purchase or repurchase by Seller, Purchaser
      shall forward to Seller all servicing records and all documents relating to
      such
      repurchased Servicing or purchased Mortgage Loan.

     

    12.3  Indemnification
      of Seller.
      Purchaser shall indemnify and hold Seller harmless from and will reimburse
      Seller for any losses, damages, deficiencies, claims, penalties, fines, costs
      or
      expenses, including reasonable attorney’s fees and court costs at trial or on
      appeal (“Purchaser’s Indemnified Matters”), incurred by Seller after the Sale
      and Transfer Date to the extent that Purchaser’s Indemnified Matters result
      from:

     

    (a)  Any
      written misrepresentation made by Purchaser in this Agreement or in any
      schedule, statement, Appendix, or certificate furnished pursuant to this
      Agreement or in connection with any of the foregoing;

     

    (b)  Any
      breach of representation or warranty by Purchaser, or the non-fulfillment of
      any
      covenant of Purchaser contained in this Agreement or in any schedule, statement,
      Appendix, or certificate furnished pursuant hereto;

     

    (c)  Acts
      or
      omissions of Purchaser relating to the Servicing subsequent to the Sale and
      Transfer Date; or

     

    (d)  Any
      litigation, including, without limitation, class action lawsuits affecting
      the
      Servicing of the Mortgage Loans due to acts or omissions of
      Purchaser.

     

    13.  MISCELLANEOUS.

     

    13.1  Notification
      of Transfer.
      In
      accordance with Investor Guidelines and state laws, Seller shall transmit to
      the
      Mortgagors of the Mortgage Loans, the requisite taxing authorities, insurance
      companies and/or agents, Insurers and the banks at which escrow deposits are
      maintained, notification of the assignment of the Transferred Assets and
      instructions to deliver all payments, notices, tax bills, insurance statements,
      and escrow account statements, as the case may be, to Purchaser from and after
      such date. Seller shall use a mutually agreeable form of letter to the
      Mortgagors and Seller shall deliver the completed form of the letter to
      Purchaser ten (10) Business Days prior to mailing. Purchaser shall, using
      reasonable discretion, approve or disapprove the completed letter within three
      (3) Business Days after receipt.

     

    13.2  Supplementary
      Information.
      Subsequent to the Sale and Transfer Date, Seller shall furnish Purchaser such
      information supplementary to the information contained in the documents and
      schedules delivered pursuant hereto as Purchaser may reasonably request. Seller
      will timely issue all appropriate IRS tax forms or reports on all Mortgage
      Loans
      reflecting Seller’s servicing activities during the time these loans were
      serviced or sub-serviced by Seller. In addition, Seller shall be responsible
      for
      any reporting on the Mortgage Loans required under the Home Mortgage Disclosure
      Act (HMDA) for periods prior to the Sale and Transfer Date.

     

    13.3  Further
      Assurances.
      Seller
      and Purchaser will each, at the request of the other, execute and deliver to
      each other all such other instruments that either may reasonably request in
      order to perfect the conveyance, transfer, assignment, and delivery to Purchaser
      of the rights to be conveyed, transferred, assigned, and delivered
      hereunder.

     

    
      
        
        

      

      
        -
          20
          -

        
          

        

      

      
        
        

      

    

     

    13.4  Access
      to Information.
      Seller
      shall provide Purchaser and its counsel, accountants, and other representatives,
      reasonable access during normal business hours throughout the period prior
      to
      the Sale and Transfer Date to all of Seller’s files, books, and records relating
      to the Servicing rights being conveyed, transferred, assigned, and delivered
      to
      Purchaser pursuant hereto. If the transactions contemplated by this Agreement
      are not consummated, Purchaser and its representatives and affiliates shall
      treat all information obtained in such investigation, not otherwise in the
      public domain, as confidential and Purchaser shall return, or at Seller’s
      option, destroy, all documents and information obtained from Seller in
      conjunction with the proposed transaction. Purchaser shall provide Seller and
      its counsel, accountants, and other representatives, reasonable access during
      normal business hours to all of Purchaser’s files, books, and records relating
      to the collection of Accounts Receivable and in connection with all matters
      pertaining to any claim of Purchaser for indemnification by Seller.

     

    13.5  Broker’s
      Fees.
      Seller
      represents and warrants to Purchaser that, except for Broker, there are no
      brokers, finders or originators due a fee in this transaction. Seller agrees
      to
      pay any brokerage fees due Broker, and hereby indemnifies and agrees to defend
      and hold Purchaser harmless from and against any claim, demand, liability,
      loss
      or damage arising from any claim made (including reasonable attorneys’ fees and
      court costs at trial or on appeal) by Broker and any other broker, finder,
      or
      originator arising out of Seller’s actions. Purchaser hereby agrees to indemnify
      and hold Seller harmless from and against any loss or damage arising from any
      claim made (including reasonable attorneys’ fees and court costs) by Broker and
      any other broker, finder, or originator who asserts a claim based upon an
      engagement by Purchaser.

     

    13.6  Survival
      of Covenants, Agreements, Representations and
      Warranties.
      Each
      party hereto covenants and agrees that its covenants, agreements,
      representations and warranties in this Agreement and in any document delivered
      or to be delivered pursuant hereto, shall survive the consummation of this
      Agreement. Each Appendix attached to this Agreement shall be executed by the
      parties hereto simultaneously with the execution of this Agreement and shall
      survive the Consummation of this Agreement.

     

    13.7  Form
      of Payment to be Made.
      All
      payments to be made hereunder shall be made by wire transfer in immediately
      available federal funds, unless otherwise directed in writing by the
      recipient.

     

    13.8  Notices.
      All
      notices, requests, demands, and other communications which are required or
      permitted to be given under this Agreement shall be in writing and shall be
      given to the party at its address or facsimile number set forth below. Each
      notice shall be deemed to have been duly given and received: (a) as of the
      date
      and time the same are personally delivered with a receipted copy, (b) if given
      by facsimile, when the facsimile is transmitted to the party’s facsimile number
      specified below and confirmation of complete receipt is received by that
      transmitting party during normal business hours or the next Business Day if
      not
      confirmed during normal business hours; (c) if delivered by U. S. Mail, within
      three (3) days after depositing with the United States Postal Service, postage
      prepaid by certified mail, return receipt requested, or (d) if given by a
      nationally recognized or reputable overnight delivery service within one (1)
      day
      after deposit with such delivery service.

     

    (a)  If
      to
      Purchaser,
      to:                                                   
Ms.
      Carolyn Cragg

    Senior
      Vice President

    EverBank

    8100
      Nations Way

    Jacksonville,
      FL 32256

    Facsimile
      No. (904) 281-6206

     

    
      
        
        

      

      
        -
          21
          -

        
          

        

      

      
        
        

      

       

                                               
        With a copy to:      
                                                  
Mr.
        Tom
        Hajda

    

    Senior
      Vice President

    EverBank

    8100
      Nations Way

    Jacksonville,
      FL 32256

    Facsimile
      No. (904) 281-6206

     

    (b)  If
      to
      Seller,
      to:                                                           
Mr.
      Mark
      Gorski

    Chief
      Financial Officer

    HomeFederal
      Bank

    3801
      Tupelo Drive

    Columbus,
      Indiana 47201

    Facsimile
      No. (812) 373-7388

     

                                              
      With a copy to:    
                                                   
Mr.
      Andy
      Applewhite

    Senior
      Vice President

    HomeFederal
      Bank

    3801
      Tupelo Drive

    Columbus,
      Indiana 47201

    Facsimile
      No. (812) 523-7335

     

    or
      to
      such other address or facsimile number as Purchaser or Seller shall have
      specified in writing to the other.

     

    13.9  Waivers.
      Either
      Purchaser or Seller may, by written notice to the other:

     

    (a)  Extend
      the time for the performance of any of the obligations or other transactions
      of
      the other;

     

    (b)  Waive
      compliance with any of the terms, conditions or covenants required to be
      complied with by the other hereunder; and

     

    (c)  Waive
      or
      modify performance of any of the obligations of the other
      hereunder.

     

    The
      waiver of any party hereto or a breach of any provisions of this Agreement
      shall
      not operate or be construed as a waiver of any other or subsequent
      breach.

     

    13.10  Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the subject matter hereof and supersedes all other agreements between the
      parties.

     

    13.11  Binding
      Effect.
      This
      Agreement shall inure to the benefit of and bind the parties hereto and their
      successors and assigns. Nothing in this Agreement, express or implied, is
      intended to confer on any person other than the parties hereto and their
      successors and assigns, any rights, obligations, remedies or liabilities.
      Nothing contained herein shall prevent Purchaser from selling the Servicing
      to a
      third party subsequent to the Sale and Transfer Date.

     

    13.12  Headings.
      Headings of the paragraphs in this Agreement are for reference purposes only
      and
      shall not be deemed to have any substantive effect.

     

    13.13  Applicable
      Laws.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Florida.

     

    
      
        
        

      

      
        -
          22
          -

        
          

        

      

      
        
        

      

    

     

    13.14  Transfer
      Instructions.
      Seller
      agrees to abide by all the terms and conditions of Purchaser’s Transfer
      Instructions attached on Appendix IV and made a part hereof. If Purchaser finds
      that Seller has not followed the Transfer Instructions after the Servicing
      has
      been transferred to Purchaser, Seller agrees to reimburse Purchaser for any
      and
      all reasonable costs incurred by Purchaser to comply with the Transfer
      Instructions.

     

    13.15  Severability.
      If any
      provision of this Agreement or the application thereof to any person or
      circumstance shall, for any reason and to any extent, be invalid or
      unenforceable, the remainder of this Agreement and the application of such
      provision to other persons or circumstances shall not be affected thereby but
      rather shall be enforced to the greatest extent permitted by law.

     

    13.16  Written
      Agreement.
      This
      Agreement, the Appendices attached hereto and applicable Investor Guidelines
      constitute the “written agreement” governing Seller’s sale of Servicing to
      Purchaser and Seller shall continuously maintain all components of such “written
      agreement” as an official record of Seller. If any of the Appendices are on
      magnetic media format, Seller agrees that either the magnetic media version
      or a
      physical, printed version that may be hereafter produced constitute a part
      of
      the “written agreement”, which Seller shall continuously maintain as provided
      above.

     

    13.17  Default
      by Seller.
      Any
      breach or default by Seller under this Agreement shall entitle Purchaser to
      recover from Seller any sums due hereunder, including damages, and to pursue
      any
      rights and remedies it may have at law or in equity under the laws of the State
      of Florida.

     

    13.18  Default
      by Purchaser.
      Any
      breach or default by Purchaser under this Agreement shall entitle Seller to
      recover from Purchaser any sums due hereunder, including damages, and to pursue
      any rights and remedies it may have at law or in equity under the laws of the
      State of Florida.

     

    13.19  Dispute
      Resolution.
      Each
      party covenants and agrees that any dispute, controversy or claim arising out
      of
      or relating to this Agreement, or the breach thereof, will be resolved by
      binding arbitration in accordance with the then current Commercial Arbitration
      Rules of the American Arbitration Association (“AAA”).

     

    In
      the
      event of any dispute or claim of any kind or nature, the prevailing party in
      such dispute shall be entitled to recover from the nonprevailing party all
      fees
      and costs associated with any arbitration, together with all of its reasonable
      costs, fees, and expenses, including, but not limited to, witness fees, expert
      fees, consultant fees, attorney (in-house and outside counsel), paralegal and
      legal assistant fees, costs, and expenses and other professional fees, costs,
      and expenses whether suit be brought or not, and whether at trial or on appeal,
      arising from or relating to:

     

    (a)  Any
      arbitration proceedings, in which event the arbitrators shall have the power
      to
      enter such an award; and/or

     

    (b)  Any
      court, or other judicial or administrative proceedings (including, without
      limitation, proceedings in bankruptcy, proceedings to enforce this subparagraph
      13.19,
      and
      proceedings in the nature of an appeal), in which event the court or governing
      body having jurisdiction thereover shall have the power to enter such an
      award.

     

    Arbitration
      pursuant to this subparagraph
      13.19
      may be
      initiated by either party to this Agreement by making a written demand for
      arbitration and giving written notice to the other party of such demand for
      arbitration, which written notice shall specify the provisions of this Agreement
      alleged to be in dispute or in breach. The dispute shall be submitted to three
      arbitrators chosen from a list provided by the AAA, one arbitrator being
      selected by Seller, one arbitrator being selected by Purchaser, and within
      ten
      (10)

     

    
      
        
        

      

      
        -
          23
          -

        
          

        

      

      
        
        

      

    

     

    days
      after the selection of the second arbitrator, the two selected arbitrators
      shall
      select a third arbitrator. No individual who is, or has at any time been, an
      officer, employee, representative, attorney or consultant of Seller or Purchaser
      or any affiliate of either may serve as an arbitrator without the express
      written consent of Seller and Purchaser. All arbitration hearings and
      proceedings shall be held in Atlanta, Georgia. Each of the parties shall submit
      to discovery and produce documents reasonably required by the arbitrators during
      arbitration and in accordance with the then current Commercial Arbitration
      Rules
      of the AAA. Judgment of the arbitrators shall be final and binding, and may
      be
      enforced in any court having jurisdiction. During the pendency of any
      arbitration proceeding, either party may retain any payments that may relate
      to
      the matter in dispute provided that such amounts do not exceed the amount
      subject to dispute.

     

    13.20  Wire
      Instructions.  The
      parties wire transfer instructions are as follows:  

     

    If
      to
      Seller:

     

    Bank:
      Home FS Seymour IN

    Name
      of
      Account: Home Federal

    ABA
      No.:

    Account
      No.:

    Attn:
      Mark Gorski/Andy Applewhite

    (Sender’s
      name must be referenced on wire.)

     

    If
      to
      Purchaser:

     

    Bank:
      EverBank

    Name
      of
      Account: EverBank GOA

    ABA
      No.:

    Account
      No.:

    (Sender’s
      name and purpose of wire must be referenced on wire.)

     

    13.21  Counterparts
      Execution.
      This
      Agreement may be executed in counterparts, each of which will constitute an
      original, but all of which taken together will constitute one and the same
      agreement. A facsimile signature shall be deemed an original for purposes of
      execution and delivery of this Agreement in the absence of the original ink
      signature of a party.

     

    
      
         

        
        

      

      
        -
          24
          -

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      each of
      the parties to this Agreement has caused this Agreement to be duly executed
      in
      its corporate name by one of its duly authorized officers, all as of the date
      first above written.

     

    

    Witnesses:                                                                                               
      EVERBANK

    

    

    

    /s/
      Stacey Lockhart                                                                 
      By:  /s/
      Carolyn S. Cragg   

       
      Its: Senior Vice President

    /s/
      Drew Walthall

              
      (CORPORATE
      SEAL)

    

    

       
      HOMEFEDERAL BANK

    

    

    /s/
      Lori A. Orschell                                                                
        By:  /s/
      Mark T. Gorski   

       
      Its: Executive Vice President and CFO

    /s/
      Joyce A. Welker  

    (CORPORATE
      SEAL)

    
      
        
        

      

      
        -
          25
          -Unassociated Document

     

    
 

    AMENDMENT
      NUMBER ONE

    to
      the

    

    POOLING
      AND SERVICING AGREEMENT

    SACO
      I
      TRUST 2006-6,

    

    Dated
      as
      of May 1, 2006

    

    among

    

    BEAR
      STEARNS ASSET BACKED SECURITIES I LLC,

    as
      Depositor,

    

    EMC
      MORTGAGE CORPORATION,

    as
      Seller
      and Company,

    

    LASALLE
      BANK NATIONAL ASSOCIATION,

    as
      Master
      Servicer and Securities Administrator,

    

    and

    

    CITIBANK,
      N.A.,

    as
      Trustee

    

    

    This
      AMENDMENT NUMBER ONE is made and entered into this 5th
      day of
      December, 2006, by and among BEAR STEARNS ASSET BACKED SECURITIES I LLC, a
      Delaware limited liability company, as depositor (the “Depositor”), EMC MORTGAGE
      CORPORATION, a Delaware corporation, as seller (in such capacity, the “Seller”)
      and as company (in such capacity, the “Company”), LASALLE BANK NATIONAL
      ASSOCIATION, a national banking association, as master servicer (in such
      capacity, the “Master Servicer”) and as securities administrator (in such
      capacity, the “Securities Administrator”), and CITIBANK, N.A., a national
      banking association, as trustee (the “Trustee”), in connection with the Pooling
      and Servicing Agreement, dated as of May 1, 2006, among the above-mentioned
      parties (the “Agreement”), and the issuance of Mortgage-Backed Certificates,
      Series 2006-6. This amendment is made pursuant to Section 12.01 of the
      Agreement.

    

    1.    Capitalized
      terms used herein and not defined herein shall have the meanings assigned to
      such terms in the Agreement.

    

    2.    Section
      5.01 of the Agreement is hereby amended by deleting the last sentence of the
      first paragraph of Subsection 5.01(b) in its entirety and replacing it with
      the
      following:

    

    The
      Company shall deposit or cause to be deposited into the Protected Account on
      a
      daily basis within two Business Days of receipt and identification, except
      as
      otherwise specifically provided herein, the following payments and collections
      remitted by subservicers or received by it in respect of the EMC Mortgage Loans
      subsequent to the Cut-off Date (other than in respect of principal and interest
      due on the EMC Mortgage Loans on or before the Cut-off Date) and the following
      amounts required to be deposited hereunder:

    

    3.    Section
      5.01 of the Agreement is hereby amended by deleting the second paragraph of
      Subsection 5.01(b) in its entirety and replacing it with the
      following:

    

    The
      foregoing requirements for deposit by the Company into the Protected Account
      shall be exclusive, it being understood and agreed that, without limiting the
      generality of the foregoing, payments in the nature of late payment charges
      or
      assumption fees, if collected, need not be deposited by the Company. In the
      event that the Company shall deposit any amount not required to be deposited
      and
      not otherwise subject to withdrawal pursuant to Section 5.02, it may at any
      time
      withdraw or direct the institution maintaining the Protected Account, to
      withdraw such amount from the Protected Account, any provision herein to the
      contrary notwithstanding. Such withdrawal or direction may be accomplished
      by
      delivering written notice thereof to the institution maintaining the Protected
      Account, that describes the amounts deposited in error in the Protected Account.
      The Company shall maintain adequate records with respect to all withdrawals
      made
      pursuant to this Section. Reconciliations will be prepared by the Company for
      the Protected Account within 45 calendar days after the bank statement cut-off
      date. All funds deposited in the Protected Account shall be held in trust for
      the Certificateholders until withdrawn in accordance with Section
      5.02.

     

    4.    Section
      5.05 of the Agreement is hereby amended by deleting the first paragraph of
      Subsection 5.05(a) in its entirety and replacing it with the
      following:

     

    The
      Master Servicer shall enforce the obligation of the Company and the related
      Servicers to establish and maintain a Protected Account in accordance with
      this
      Agreement and the Servicing Agreements, with records to be kept with respect
      thereto on a Mortgage Loan by Mortgage Loan basis, into which accounts shall
      be
      deposited within two Business Days (or as of such other time specified in the
      Servicing Agreements) of receipt and identification all collections of principal
      and interest on any Mortgage Loan and with respect to any REO Property received
      by the Company or the related Servicer, including Principal Prepayments,
      Insurance Proceeds, Liquidation Proceeds, Subsequent Recoveries, and advances
      made from the Company’s or such Servicer’s own funds (less servicing
      compensation as permitted by this Agreement or the related Servicing Agreement)
      and all other amounts to be deposited in the Protected Accounts. Each of the
      Company and the related Servicers is hereby authorized to make withdrawals
      from
      and deposits to the related Protected Account for purposes required or permitted
      by this Agreement. To the extent provided in this Agreement or any Servicing
      Agreement, the Protected Account shall be held in a Designated Depository
      Institution and segregated on the books of such institution in the name of
      the
      Company or Servicer, as applicable on behalf of the Trustee for the benefit
      of
      Certificateholders.

     

    5.    Except
      as
      amended above, the Agreement shall continue to be in full force and effect
      in
      accordance with its terms.

    

    [Signature
      Page Follows]

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    IN
      WITNESS WHEREOF, the Depositor, the Seller, the Company, the Master Servicer,
      the Securities Administrator and the Trustee have caused their names to be
      signed hereto by their respective officers thereunto duly authorized as of
      the
      day and year first above written.

    
      	 	 	 
	 	
              BEAR
                STEARNS ASSET BACKED

              SECURITIES
                I LLC,

              as
                Depositor

            
	 
 	 
 	 
 
	 	 	By:     
              /s/ Baron Silverstein
	 	
              
                

              

            
	 	
              Name: Baron
                Silverstein

              
                Title:  
                  Vice
                  President

              

            

    

     

    
      
        	 	 	 
	 	
                
                  EMC
                    MORTGAGE CORPORATION,

                  as
                    Seller and Company

                

              
	 
 	 
 	 
 
	 	 	By:     
                /s/ Sue Stepanek
	 	
                
                  

                

              
	 	
                Name: Sue
                  Stepanek

                
                  Title:  
                    Executive
                    Vice
                    President

                

              

      

    

     

    
      	 	 	 
	 	
              
                
                  LASALLE
                    BANK NATIONAL

                  ASSOCIATION,

                  as
                    Master Servicer and Securities
                    Administrator

                

              

            
	 
 	 
 	 
 
	 	 	By:     
              /s/ Rita Lopez
	 	
              
                

              

            
	 	
              Name: Rita
                Lopez

              
                Title:  
                  Vice
                  President

              

            

    

     

    
      	 	 	 
	 	
              
                
                  
                    CITIBANK,
                      N.A.,

                    as
                      Trustee

                  

                

              

            
	 
 	 
 	 
 
	 	 	By:     
              /s/ John Hannon
	 	
              
                

              

            
	 	
              Name: John
                Hannon

              
                Title:  
                  Vice
                  President

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