Document:

Exhibit
        4.1

    

     

    AMENDMENT
      

    TO
      THE 

    POOLING
      AND SERVICING AGREEMENTS

    

    Amendment,
      dated as of October 31, 2007 (the “Amendment”),
      to
      the Pooling and Servicing Agreements (the “Agreements”)
      listed
      on Schedule I hereto, each among NovaStar Mortgage Funding Corporation (the
      “Company”
or
      the
“Depositor”,
      as
      applicable), NovaStar Mortgage, Inc., as seller or sponsor and servicer (the
      “Sponsor”
and
      “Servicer”),
      U.S.
      Bank National Association, as certificate administrator or custodian, as
      applicable (the “Custodian”),
      and
      The Bank of New York, as trustee (the “Trustee”)
      and as
      co trustee (the “Co-Trustee”)
      as
      applicable. Capitalized terms used and not defined herein shall have the meaning
      set forth in the Agreements and Appendix A thereto.

    

    WHEREAS,
      the parties hereto have entered into the Agreements; 

    

    WHEREAS,
      the purpose of this Amendment is to cure certain ambiguities in the wording
      of
      each Agreement.

    

    NOW,
      THEREFORE, in consideration of the promises and mutual agreements contained
      herein, the parties hereto agree to amend the Agreements pursuant to Section
      12.01 thereof as follows:

    

    
      	 	
              1.

            	
              Revised
                Section 3.07(a).

            

    

    

    Section
      3.07(a) of each Agreement is hereby amended so as to read as set forth in
      Exhibit A hereto with respect to the related Agreement, with the exception
      that
      (a) for the Agreements dated prior to 2006, (i) the term “Sponsor” shall be
      replaced by the term “Seller” and (ii) the section reference in Section 3.07
      (a)(xiii)shall be to “Section 3.24” rather than to “Section 3.25” and (b) for
      the Agreement listed as number (1.) on Schedule I hereto, Section 3.07(a)(vi)
      shall read in its entirety as follows:

    

    “(vi) to
      reimburse the Servicer or any Subservicer from Insurance Proceeds or Liquidation
      Proceeds relating to a particular Mortgage Loan for Servicing Advances expended
      by the Servicer or such Subservicer pursuant to Section 3.13 in good faith
      in
      connection with the restoration of the related Mortgaged Property which was
      damaged by the uninsured cause or in connection with the liquidation of such
      Mortgage Loan;”

    

    
      	
            	2.	
              Condition
                to Effectiveness.
                

            

    

    

    As
      a
      condition to the effectiveness of this Amendment, an Opinion of Counsel
      satisfying the requirements of Section 12.01 of each Agreement has been received
      by the parties hereto, and the written consent of the Class A-1 Insurer has
      been
      obtained with respect only to the Pooling and Servicing Agreement identified
      in
      item 7 on the attached Schedule I. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              3.

            	
              Effect
                of Amendment.
                

            

    

    

    This
      Amendment to the Agreements shall be effective and the Agreements shall be
      deemed to be modified and amended in accordance herewith retroactively to the
      original dates of each related Agreement. The respective rights, limitations,
      obligations, duties, liabilities and immunities of the Company, the Sponsor,
      the
      Servicer, the Custodian and the Trustee shall hereafter be determined, exercised
      and enforced subject in all respects to such modifications and amendments,
      and
      all the terms and conditions of this Amendment shall be and be deemed to be
      part
      of the terms and conditions of the Agreements for any and all purposes. The
      Agreements, as amended hereby, are hereby ratified and confirmed in all
      respects. 

    

    
      	 	
              4.

            	
              The
                Agreements in Full Force and Effect as Amended.
                

            

    

    

    Except
      as
      specifically amended hereby, all the terms and conditions of the Agreements
      shall remain in full force and effect and, except as expressly provided herein,
      the effectiveness of this Amendment shall not operate as, or constitute a waiver
      or modification of, any right, power or remedy of any party to the Agreements.
      All references to the Agreements in any other document or instrument shall
      be
      deemed to mean the Agreements as amended by this Amendment. 

    

    
      	 	
              5.

            	
              Counterparts.
                

            

    

    

    This
      Amendment may be executed by the parties in several counterparts, each of which
      shall be deemed to be an original and all of which shall constitute together
      but
      one and the same agreement. This Amendment shall become effective when
      counterparts hereof executed on behalf of such party shall have been received.
      

    

    
      	 	
              6.

            	
              Governing
                Law.
                

            

    

    

    This
      Amendment shall be construed in accordance with and governed by the laws of
      the
      State of New York applicable to agreements made and to be performed
      therein.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the Sponsor, the Servicer, the Depositor, the Trustee, the
      Co-Trustee and the Custodian, have caused this Amendment to be duly executed
      by
      their officers thereunto duly authorized, all as of the day and year first
      above
      written.

     

    
       

        
          	 	 	 	 	
                  NOVASTAR
                    MORTGAGE FUNDING

                
	 	 	 	 	
                  CORPORATION,

                
	 	 	 	 	
                  as
                    Depositor

                
	 	 	 	 	 	 	 
	 	 	 	 	
                  By:

                	
                  /s/
                    Matt Kaltenrieder

                
	 	 	 	 	 	
                  Name:

                	
                  Matt
                    Kaltenrieder

                
	 	 	 	 	 	
                  Title:

                	
                  Vice
                    President

                
	 	 	 	 	 	 	 
	
                  DB
                    STRUCTURED PRODUCTS, INC.

                	 	
                  NOVASTAR
                    MORTGAGE, INC.,

                
	
                  hereby
                    consents to the foregoing Amendment

                	 	
                  as
                    Servicer and as Sponsor

                
	
                  as
                    lender under certain financing facilities:

                	 	 	 	 
	 	 	 	 	
                  By:

                	
                  /s/
                    Matt Kaltenrieder

                
	
                  By:

                	
                  /s/
                    Glenn Minkoff

                	 	 	
                  Name:

                	
                  Matt
                    Kaltenrieder

                
	 	
                  Name:
                    

                	
                  Glenn
                    Minkoff

                	 	 	
                  Title:

                	
                  Vice
                    President

                
	 	
                  Title:
                    

                	
                  Director

                	 	 	 	 
	 	 	 	 	
                  U.S.
                    BANK NATIONAL ASSOCIATION, as Custodian

                
	
                  WACHOVIA
                    BANK, N.A.

                	 	 	 	 
	
                  hereby
                    consents to the foregoing Amendment

                	 	
                  By:

                	
                  /s/
                    Corinne Rhode

                
	
                  as
                    lender under certain financing facilities:

                	 	 	
                  Name:
                    

                	
                  Corinne
                    Rhode

                
	 	 	 	 	 	
                  Title:
                    

                	
                  Assistant
                    Vice President

                
	
                  By:

                	
                  /s/
                    Andrew W. Riebe

                	 	 	 	 
	 	
                  Name:
                    

                	
                  Andrew
                    W. Riebe

                	 	
                  THE
                    BANK OF NEW YORK,
                    not in its

                
	 	
                  Title:
                    

                	
                  Director

                	 	
                  individual
                    capacity but solely as Trustee

                
	 	 	 	 	 	 	 
	
                  WACHOVIA
                    CAPITAL MARKETS, LLC

                	 	
                  By:

                	
                  /s/
                    Andrew M. Cooper

                
	
                  hereby
                    consents to the foregoing Amendment

                	 	 	
                  Name:
                    

                	
                  Andrew
                    M. Cooper

                
	
                  as
                    lender under certain financing facilities:

                	 	 	
                  Title:
                    

                	
                  Assistant
                    Vice President

                
	 	 	 	 	 	 	 
	
                  By:

                	
                  /s/
                    Scott Shuman 

                	 	
                  THE
                    BANK OF NEW YORK,
                    not in its

                
	 	
                  Name:
                    

                	
                  Scott
                    Shuman

                	 	
                  individual
                    capacity but solely as Co-Trustee

                
	 	
                  Title:
                    

                	
                  Vice
                    President

                	 	 	 	 
	 	 	 	 	
                  By: 
                    

                	
                  /s/
                    Andrew M. Cooper

                
	
                  WACHOVIA
                    INVESTMENT HOLDINGS,

                	 	 	
                  Name:
                    

                	
                  Andrew
                    M. Cooper

                
	
                  LLC
                    

                	 	 	
                  Title:
                    

                	
                  Assistant
                    Vice President

                
	
                  hereby
                    consents to the foregoing Amendment

                	 	 	 	 
	
                  as
                    lender under certain financing facilities:

                	 	 	 	 
	 	 	 	 	 	 	 
	
                  By: 
                    

                	
                  /s/
                    Goetz Rokahr 

                	 	 	 	 
	 	
                  Name:
                    

                	
                  Goetz
                    Rokahr

                	 	 	 	 
	 	
                  Title:
                    

                	
                  Vice
                    President

                	 	 	 	 

        

      

    

     

    

    [Signature
      Page for Omnibus Amendment to the Pooling and Servicing Agreements - Section
      3.07]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Schedule
      I

    

    POOLING
      AND SERVICING AGREEMENTS

    

    
      	 	
              1.

            	
              Pooling
                and Servicing Agreement dated as of September 1, 2002, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as certificate administrator
                and THE
                BANK OF NEW YORK (as successor to JPMORGAN CHASE BANK), as
                trustee.

            

    

    

    
      	 	
              2.

            	
              Pooling
                and Servicing Agreement dated as of February 1, 2003, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK OF
                NEW
                YORK (as successor to JPMORGAN CHASE BANK), as
                trustee.

            

    

    

    
      	 	
              3.

            	
              Pooling
                and Servicing Agreement dated as of June 1, 2003, among NOVASTAR
                MORTGAGE
                FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC., as servicer
                and
                as seller, U.S. BANK NATIONAL ASSOCIATION (as successor to WACHOVIA
                BANK,
                NATIONAL ASSOCIATION), as custodian and THE BANK OF NEW YORK (as
                successor
                to JPMORGAN CHASE BANK), as
                trustee.

            

    

    

    
      	 	
              4.

            	
              Pooling
                and Servicing Agreement dated as of September 1, 2003, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK OF
                NEW
                YORK (as successor to JPMORGAN CHASE BANK), as
                trustee.

            

    

    

    
      	 	
              5.

            	
              Pooling
                and Servicing Agreement dated as of November 1, 2003, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK OF
                NEW
                YORK (as successor to JPMORGAN CHASE BANK), as
                trustee.

            

    

    

    
      	 	
              6.

            	
              Pooling
                and Servicing Agreement dated as of March 1, 2004, among NOVASTAR
                MORTGAGE
                FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC., as servicer
                and
                as seller, U.S. BANK NATIONAL ASSOCIATION (as successor to WACHOVIA
                BANK,
                NATIONAL ASSOCIATION), as custodian and THE BANK OF NEW YORK (as
                successor
                to JPMORGAN CHASE BANK), as
                trustee.

            

    

    

    
      	 	
              7.

            	
              Pooling
                and Servicing Agreement dated as of June 1, 2004, among NOVASTAR
                MORTGAGE
                FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC., as servicer
                and
                as seller, U.S. BANK NATIONAL ASSOCIATION (as successor to WACHOVIA
                BANK,
                NATIONAL ASSOCIATION), as custodian and THE BANK OF NEW YORK (as
                successor
                to JPMORGAN CHASE BANK), as
                trustee.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              8.

            	
              Pooling
                and Servicing Agreement dated as of September 1, 2004, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK OF
                NEW
                YORK (as successor to JPMORGAN CHASE BANK), as
                trustee.

            

    

    

    
      	 	
              9.

            	
              Pooling
                and Servicing Agreement dated as of November 1, 2004, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK OF
                NEW
                YORK (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION)
                as
                trustee.

            

    

    

    
      	 	
              10.

            	
              Pooling
                and Servicing Agreement dated as of February 1, 2005, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian, THE BANK OF NEW
                YORK
                (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION), as trustee
                and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST COMPANY,
                NATIONAL ASSOCIATION), as
                co-trustee.

            

    

    

    
      	 	
              11.

            	
              Pooling
                and Servicing Agreement dated as of May 1, 2005, among NOVASTAR MORTGAGE
                FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC., as servicer
                and
                as seller, U.S. BANK NATIONAL ASSOCIATION (as successor to WACHOVIA
                BANK,
                NATIONAL ASSOCIATION), as custodian, THE BANK OF NEW YORK (as successor
                to
                JPMORGAN CHASE BANK, NATIONAL ASSOCIATION), as trustee and THE BANK
                OF NEW
                YORK (as successor to J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION),
                as
                co-trustee.

            

    

    

    
      	 	
              12.

            	
              Pooling
                and Servicing Agreement dated as of September 1, 2005, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian, THE BANK OF NEW
                YORK
                (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION), as trustee
                and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST COMPANY,
                NATIONAL ASSOCIATION), as
                co-trustee.

            

    

    

    
      	 	
              13.

            	
              Pooling
                and Servicing Agreement dated as of December 1, 2005, among NOVASTAR
                MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                as
                servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                to
                WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian, THE BANK OF NEW
                YORK
                (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION), as trustee
                and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST COMPANY,
                NATIONAL ASSOCIATION), as
                co-trustee.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              14.

            	
              Pooling
                and Servicing Agreement dated as of June 1, 2006, among NOVASTAR
                MORTGAGE
                FUNDING CORPORATION, as depositor, NOVASTAR MORTGAGE, INC., as servicer
                and as sponsor, U.S. BANK NATIONAL ASSOCIATION, as custodian, THE
                BANK OF
                NEW YORK (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION),
                as
                trustee and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST
                COMPANY, NATIONAL ASSOCIATION), as
                co-trustee.

            

    

    

    
      	 	
              15.

            	
              Pooling
                and Servicing Agreement dated as of June 1, 2006, among NOVASTAR
                MORTGAGE
                FUNDING CORPORATION, as depositor, NOVASTAR MORTGAGE, INC., as servicer
                and as sponsor, U.S. BANK NATIONAL ASSOCIATION, as custodian, THE
                BANK OF
                NEW YORK (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION),
                as
                trustee and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST
                COMPANY, NATIONAL ASSOCIATION), as
                co-trustee.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
      A

    

    Amended
      Section 3.07

    

    Section
      3.07 Withdrawals
      from the Collection Account.

    

    (a)
       The
      Servicer shall, from time to time as provided herein, make withdrawals from
      the
      Collection Account of amounts on deposit therein pursuant to Section 3.06 that
      are attributable to the Mortgage Loans for the following purposes (without
      duplication):

    

    (i) to
      deposit in the Distribution Account, by the Servicer Remittance Date prior
      to
      each Distribution Date, all collections on the Mortgage Loans required to be
      distributed from the Distribution Account on a Distribution Date;

    

    (ii) to
      the
      extent deposited to the Collection Account, to reimburse itself or the related
      Subservicer for Servicing Advances paid to maintain individual insurance
      policies pursuant to Section 3.11, or Liquidation Expenses, paid pursuant to
      Section 3.13, such withdrawal right being limited to amounts received on
      particular Mortgage Loans (other than any Repurchase Price in respect thereof)
      which represent late recoveries of the payments for which such expenses were
      paid, or from related Liquidation Proceeds;

    

    (iii) to
      pay to
      itself out of each payment received on account of interest on a Mortgage Loan
      as
      contemplated by Section 3.15, an amount equal to the related Servicing Fee
      (to
      the extent not retained pursuant to Section 3.06);

    

    (iv) to
      pay to
      itself or the Sponsor, with respect to any Mortgage Loan or property acquired
      in
      respect thereof that has been purchased by the Sponsor, the Servicer or other
      entity, all amounts received thereon and not required to be distributed to
      Certificateholders as of the date on which the related Repurchase Price is
      determined;

    

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

    

    (vi) to
      reimburse the Servicer or any Subservicer from Insurance Proceeds or Liquidation
      Proceeds relating to a particular Mortgage Loan for Servicing Advances expended
      by the Servicer or such Subservicer pursuant to Section 3.13: (x) in good faith
      in connection with the restoration of the related Mortgaged Property which
      was
      damaged by the uninsured cause, (y) in connection with the liquidation of such
      Mortgage Loan, or (z) with respect to an MI Claim Payment Advance made by the
      Servicer with respect to such Mortgage Loan; provided, however, that
      reimbursements pursuant to clause (z) may only be made from MI Insurance
      Proceeds actually paid by the MI Insurer under the MI Policy related to such
      Mortgage Loan;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (vii) to
      reimburse the Servicer or any Subservicer for any unreimbursed Nonrecoverable
      Advance or Servicing Advance previously made, and to reimburse any successor
      Servicer for any Servicing Transfer Costs, including any legal fees or expenses
      relating to any such transfer, in each case not paid by the transferring
      Servicer, in each case otherwise not reimbursed pursuant to this Section
      3.07(a);

    

    (viii) to
      withdraw any other amount deposited in the Collection Account that was not
      required to be deposited therein pursuant to Section 3.06; 

    

    (ix) to
      reimburse the Servicer for costs associated with the environmental report
      handling the presence of any toxic or hazardous substance on a Mortgaged
      Property as set forth in Section 3.13(c);

    

    (x) to
      clear
      and terminate the Collection Account upon a termination pursuant to Section
      11.01; 

    

    (xi) to
      pay to
      the Servicer income earned on Eligible Investments in the Collection
      Account;

    

    (xii) to
      pay to
      the MI Insurer the monthly MI Premiums due under each MI Policy from payments
      received (or Advances made) on account of interest due on the related Mortgage
      Loan; and 

    

    (xiii) to
      make
      an Advance with respect to a Mortgage Loan that is Delinquent from funds held
      in
      the Collection Account as contemplated by Section 3.25, provided that the amount
      withdrawn for such an Advance is immediately deposited into the Distribution
      Account.

    

    Withdrawals
      made pursuant to clause (xii) shall be made on a first priority basis. In
      connection with withdrawals pursuant to clauses (ii), (iii), (iv), (v) and
      (vi),
      the Servicer’s entitlement thereto is limited to collections or other recoveries
      on the related Mortgage Loan, and the Servicer shall keep and maintain separate
      accounting, on a Mortgage Loan by Mortgage Loan basis, for the purpose of
      justifying any withdrawal from the Collection Account pursuant to such clauses.Exhibit
        4.2

    

    

      AMENDMENT
        

      TO
        THE 

      POOLING
        AND SERVICING AGREEMENTS

      

      Amendment,
        dated as of November 1, 2007 (the “Amendment”),
        to
        the Pooling and Servicing Agreements (the “Agreements”)
        listed
        on Schedule I hereto, each among NovaStar Mortgage Funding Corporation (the
        “Company”
or
        the
“Depositor”,
        as
        applicable), NovaStar Mortgage, Inc., as seller or sponsor and servicer (the
        “Sponsor”
and
        “Servicer”),
        U.S.
        Bank National Association, as certificate administrator or custodian, as
        applicable (the “Custodian”),
        and
        The Bank of New York, as trustee (the “Trustee”)
        and as
        co trustee (the “Co-Trustee”)
        as
        applicable. Capitalized terms used and not defined herein shall have the
        meaning
        set forth in the Agreements and Appendix A thereto.

      

      WHEREAS,
        the parties hereto have entered into the Agreements; 

      

      WHEREAS,
        the purpose of this Amendment is to cure certain ambiguities in the wording
        of
        each Agreement.

      

      NOW,
        THEREFORE, in consideration of the promises and mutual agreements contained
        herein, the parties hereto agree to amend the Agreements pursuant to Section
        12.01 thereof as follows:

      

      
        	 	
                1.

              	
                Revised
                  Section 7.02(a).

              

      

      

      In
        Section 7.02(a) of each Agreement, the following sentence shall be added
        as the
        third to last sentence of such section:

      

      “In
        accordance with any successor Servicer not being liable for any acts or
        omissions of any predecessor Servicer, the Servicing Defaults set forth in
        subsections 7.01(a)(v), 7.01(a)(vi) and 7.01(a)(vii) shall apply to a successor
        Servicer that succeeds to the servicing of the Mortgage Loans pursuant to
        this
        Agreement including, without limitation, Sections 3.28, 6.02, 6.04, 7.01
        or 7.02
        herein, only in the event of any withdrawal or downgrade by two or more levels
        (i.e., from "Above Average" to "Below Average" or the equivalent) of such
        successor Servicer’s rating as of the date of such succession, that results in a
        downgrade, qualification or withdrawal of the rating assigned to any Class
        of
        Certificates by any Rating Agency.”

      

      Condition
        to Effectiveness.
        

      

      As
        a
        condition to the effectiveness of this Amendment, an Opinion of Counsel
        satisfying the requirements of Section 12.01 of each Agreement has been received
        by the parties hereto, and the written consent of the Class A-1 Insurer has
        been
        obtained with respect only to the Pooling and Servicing Agreement identified
        in
        item 7 on the attached Schedule I.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	
                2.

              	
                Effect
                  of Amendment.
                  

              

      

      

      This
        Amendment to the Agreements shall be effective and the Agreements shall be
        deemed to be modified and amended in accordance herewith as of the date hereof.
        The respective rights, limitations, obligations, duties, liabilities and
        immunities of the Company, the Sponsor, the Servicer, the Custodian and the
        Trustee shall hereafter be determined, exercised and enforced subject in
        all
        respects to such modifications and amendments, and all the terms and conditions
        of this Amendment shall be and be deemed to be part of the terms and conditions
        of the Agreements for any and all purposes. The Agreements, as amended hereby,
        are hereby ratified and confirmed in all respects. 

      

      
        	 	
                3.

              	
                The
                  Agreements in Full Force and Effect as Amended.
                  

              

      

      

      Except
        as
        specifically amended hereby, all the terms and conditions of the Agreements
        shall remain in full force and effect and, except as expressly provided herein,
        the effectiveness of this Amendment shall not operate as, or constitute a
        waiver
        or modification of, any right, power or remedy of any party to the Agreements.
        All references to the Agreements in any other document or instrument shall
        be
        deemed to mean the Agreements as amended by this Amendment. 

      

      
        	 	
                4.

              	
                Counterparts.
                  

              

      

      

      This
        Amendment may be executed by the parties in several counterparts, each of
        which
        shall be deemed to be an original and all of which shall constitute together
        but
        one and the same agreement. This Amendment shall become effective when
        counterparts hereof executed on behalf of such party shall have been received.
        

      

      
        	 	
                5.

              	
                Governing
                  Law.
                  

              

      

      

      This
        Amendment shall be construed in accordance with and governed by the laws
        of the
        State of New York applicable to agreements made and to be performed
        therein.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF, the Sponsor, the Servicer, the Depositor, the Trustee, the
        Co-Trustee and the Custodian, have caused this Amendment to be duly executed
        by
        their officers thereunto duly authorized, all as of the day and year first
        above
        written.

       

      
        
          

            
              	 	 	 	 	
                      NOVASTAR
                        MORTGAGE FUNDING

                    
	 	 	 	 	
                      CORPORATION,

                    
	 	 	 	 	
                      as
                        Depositor

                    
	 	 	 	 	 	 	 
	 	 	 	 	
                      By:

                    	
                      /s/
                        Matt Kaltenrieder

                    
	 	 	 	 	 	
                      Name:

                    	
                      Matt
                        Kaltenrieder

                    
	 	 	 	 	 	
                      Title:

                    	
                      Vice
                        President

                    
	 	 	 	 	 	 	 
	
                      DB
                        STRUCTURED PRODUCTS, INC.

                    	 	
                      NOVASTAR
                        MORTGAGE, INC.,

                    
	
                      hereby
                        consents to the foregoing Amendment

                    	 	
                      as
                        Servicer and as Sponsor

                    
	
                      as
                        lender under certain financing facilities:

                    	 	 	 	 
	 	 	 	 	
                      By:

                    	
                      /s/
                        Matt Kaltenrieder

                    
	
                      By:

                    	
                      /s/
                        Glenn Minkoff

                    	 	 	
                      Name:

                    	
                      Matt
                        Kaltenrieder

                    
	 	
                      Name:
                        

                    	
                      Glenn
                        Minkoff

                    	 	 	
                      Title:

                    	
                      Vice
                        President

                    
	 	
                      Title:
                        

                    	
                      Director

                    	 	 	 	 
	 	 	 	 	
                      U.S.
                        BANK NATIONAL ASSOCIATION, as Custodian

                    
	
                      WACHOVIA
                        BANK, N.A.

                    	 	 	 	 
	
                      hereby
                        consents to the foregoing Amendment

                    	 	
                      By:

                    	
                      /s/
                        Corinne Rhode

                    
	
                      as
                        lender under certain financing facilities:

                    	 	 	
                      Name:
                        

                    	
                      Corinne
                        Rhode

                    
	 	 	 	 	 	
                      Title:
                        

                    	
                      Assistant
                        Vice President

                    
	
                      By:

                    	
                      /s/
                        Andrew W. Riebe

                    	 	 	 	 
	 	
                      Name:
                        

                    	
                      Andrew
                        W. Riebe

                    	 	
                      THE
                        BANK OF NEW YORK,
                        not in its

                    
	 	
                      Title:
                        

                    	
                      Director

                    	 	
                      individual
                        capacity but solely as Trustee

                    
	 	 	 	 	 	 	 
	
                      WACHOVIA
                        CAPITAL MARKETS, LLC

                    	 	
                      By:

                    	
                      /s/
                        Andrew M. Cooper

                    
	
                      hereby
                        consents to the foregoing Amendment

                    	 	 	
                      Name:
                        

                    	
                      Andrew
                        M. Cooper

                    
	
                      as
                        lender under certain financing facilities:

                    	 	 	
                      Title:
                        

                    	
                      Assistant
                        Vice President

                    
	 	 	 	 	 	 	 
	
                      By:

                    	
                      /s/
                        Scott Shuman 

                    	 	
                      THE
                        BANK OF NEW YORK,
                        not in its

                    
	 	
                      Name:
                        

                    	
                      Scott
                        Shuman

                    	 	
                      individual
                        capacity but solely as Co-Trustee

                    
	 	
                      Title:
                        

                    	
                      Vice
                        President

                    	 	 	 	 
	 	 	 	 	
                      By: 
                        

                    	
                      /s/
                        Andrew M. Cooper

                    
	
                      WACHOVIA
                        INVESTMENT HOLDINGS,

                    	 	 	
                      Name:
                        

                    	
                      Andrew
                        M. Cooper

                    
	
                      LLC
                        

                    	 	 	
                      Title:
                        

                    	
                      Assistant
                        Vice President

                    
	
                      hereby
                        consents to the foregoing Amendment

                    	 	 	 	 
	
                      as
                        lender under certain financing facilities:

                    	 	 	 	 
	 	 	 	 	 	 	 
	
                      By: 
                        

                    	
                      /s/
                        Goetz Rokahr 

                    	 	 	 	 
	 	
                      Name:
                        

                    	
                      Goetz
                        Rokahr

                    	 	 	 	 
	 	
                      Title:
                        

                    	
                      Vice
                        President

                    	 	 	 	 

            

          

        

      

       

      

      [Signature
        Page for Omnibus Amendment

      to
        the
        Pooling and Servicing Agreements - Section 7.02]

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Schedule
        I

      

      POOLING
        AND SERVICING AGREEMENTS

      

      
        	 	
                1.

              	
                Pooling
                  and Servicing Agreement dated as of September 1, 2002, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as certificate administrator
                  and THE
                  BANK OF NEW YORK (as successor to JPMORGAN CHASE BANK), as
                  trustee.

              

      

      

      
        	 	
                2.

              	
                Pooling
                  and Servicing Agreement dated as of February 1, 2003, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK
                  OF NEW
                  YORK (as successor to JPMORGAN CHASE BANK), as
                  trustee.

              

      

      

      
        	 	
                3.

              	
                Pooling
                  and Servicing Agreement dated as of June 1, 2003, among NOVASTAR
                  MORTGAGE
                  FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC., as servicer
                  and
                  as seller, U.S. BANK NATIONAL ASSOCIATION (as successor to WACHOVIA
                  BANK,
                  NATIONAL ASSOCIATION), as custodian and THE BANK OF NEW YORK (as
                  successor
                  to JPMORGAN CHASE BANK), as
                  trustee.

              

      

      

      
        	 	
                4.

              	
                Pooling
                  and Servicing Agreement dated as of September 1, 2003, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK
                  OF NEW
                  YORK (as successor to JPMORGAN CHASE BANK), as
                  trustee.

              

      

      

      
        	 	
                5.

              	
                Pooling
                  and Servicing Agreement dated as of November 1, 2003, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK
                  OF NEW
                  YORK (as successor to JPMORGAN CHASE BANK), as
                  trustee.

              

      

      

      
        	 	
                6.

              	
                Pooling
                  and Servicing Agreement dated as of March 1, 2004, among NOVASTAR
                  MORTGAGE
                  FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC., as servicer
                  and
                  as seller, U.S. BANK NATIONAL ASSOCIATION (as successor to WACHOVIA
                  BANK,
                  NATIONAL ASSOCIATION), as custodian and THE BANK OF NEW YORK (as
                  successor
                  to JPMORGAN CHASE BANK), as
                  trustee.

              

      

      

      
        	 	
                7.

              	
                Pooling
                  and Servicing Agreement dated as of June 1, 2004, among NOVASTAR
                  MORTGAGE
                  FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC., as servicer
                  and
                  as seller, U.S. BANK NATIONAL ASSOCIATION (as successor to WACHOVIA
                  BANK,
                  NATIONAL ASSOCIATION), as custodian and THE BANK OF NEW YORK (as
                  successor
                  to JPMORGAN CHASE BANK), as
                  trustee.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	
                8.

              	
                Pooling
                  and Servicing Agreement dated as of September 1, 2004, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK
                  OF NEW
                  YORK (as successor to JPMORGAN CHASE BANK), as
                  trustee.

              

      

      

      
        	 	
                9.

              	
                Pooling
                  and Servicing Agreement dated as of November 1, 2004, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian and THE BANK
                  OF NEW
                  YORK (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION)
                  as
                  trustee.

              

      

      

      
        	 	
                10.

              	
                Pooling
                  and Servicing Agreement dated as of February 1, 2005, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian, THE BANK OF
                  NEW YORK
                  (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION), as
                  trustee
                  and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST COMPANY,
                  NATIONAL ASSOCIATION), as
                  co-trustee.

              

      

      

      
        	 	
                11.

              	
                Pooling
                  and Servicing Agreement dated as of May 1, 2005, among NOVASTAR
                  MORTGAGE
                  FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC., as servicer
                  and
                  as seller, U.S. BANK NATIONAL ASSOCIATION (as successor to WACHOVIA
                  BANK,
                  NATIONAL ASSOCIATION), as custodian, THE BANK OF NEW YORK (as successor
                  to
                  JPMORGAN CHASE BANK, NATIONAL ASSOCIATION), as trustee and THE
                  BANK OF NEW
                  YORK (as successor to J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION),
                  as
                  co-trustee.

              

      

      

      
        	 	
                12.

              	
                Pooling
                  and Servicing Agreement dated as of September 1, 2005, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian, THE BANK OF
                  NEW YORK
                  (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION), as
                  trustee
                  and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST COMPANY,
                  NATIONAL ASSOCIATION), as
                  co-trustee.

              

      

      

      
        	 	
                13.

              	
                Pooling
                  and Servicing Agreement dated as of December 1, 2005, among NOVASTAR
                  MORTGAGE FUNDING CORPORATION, as company, NOVASTAR MORTGAGE, INC.,
                  as
                  servicer and as seller, U.S. BANK NATIONAL ASSOCIATION (as successor
                  to
                  WACHOVIA BANK, NATIONAL ASSOCIATION), as custodian, THE BANK OF
                  NEW YORK
                  (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION), as
                  trustee
                  and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST COMPANY,
                  NATIONAL ASSOCIATION), as
                  co-trustee.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	
                14.

              	
                Pooling
                  and Servicing Agreement dated as of June 1, 2006, among NOVASTAR
                  MORTGAGE
                  FUNDING CORPORATION, as depositor, NOVASTAR MORTGAGE, INC., as
                  servicer
                  and as sponsor, U.S. BANK NATIONAL ASSOCIATION, as custodian, THE
                  BANK OF
                  NEW YORK (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION),
                  as
                  trustee and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST
                  COMPANY, NATIONAL ASSOCIATION), as
                  co-trustee.

              

      

      

      
        	 	
                15.

              	
                Pooling
                  and Servicing Agreement dated as of June 1, 2006, among NOVASTAR
                  MORTGAGE
                  FUNDING CORPORATION, as depositor, NOVASTAR MORTGAGE, INC., as
                  servicer
                  and as sponsor, U.S. BANK NATIONAL ASSOCIATION, as custodian, THE
                  BANK OF
                  NEW YORK (as successor to JPMORGAN CHASE BANK, NATIONAL ASSOCIATION),
                  as
                  trustee and THE BANK OF NEW YORK (as successor to J.P. MORGAN TRUST
                  COMPANY, NATIONAL ASSOCIATION), as
                  co-trustee.

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