Document:

EX-10.1

Exhibit 10.1

AMENDMENT TO CONSULTING AGREEMENT

This Amendment to Consulting Agreement is entered into and effective as of the
23rd day of August, 2006, by and between Cyberonics, Inc., a Delaware
corporation with offices at 100 Cyberonics Blvd., Houston, TX 77058 (“Cyberonics”) and BK
Consulting, a sole proprietorship with offices at 2006 Orchard Country, Houston, Texas 77062
(“Consultant”).

RECITALS

WHEREAS, Cyberonics and Consultant previously entered into Consulting Agreement dated August
25, 2005 (the “Agreement”), which Agreement remains in full force and effect as of this date;

WHEREAS, Cyberonics and Consultant now desire to amend the Agreement as provided herein.

NOW, THEREFORE, in consideration of the mutual promises set forth in this Amendment and other
good and valuable consideration, the parties agree as follows:

TERMS

1. Section 7 shall be deleted and replaced with the following:

“7. Term. Unless terminated sooner as provided herein, the term of this Agreement
shall extend through August 24, 2007.”

2. Except as expressly modified by this Amendment, the provisions of the Agreement remain
unchanged and in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly
authorized representative as of the date and year set forth above.

	 	 	 
	Cyberonics, Inc.

	 	BK Consulting
	 

	 	 
	 
	 	 
	By:     /s/ Robert P. Cummins     

	 	By:     /s/ Reese Terry     
	 

	 	 
	 
	 	 
	Date:     August 23, 2006     

	 	Date:     August 21, 2006Exhibit 4.2 - Special Servicing Agreement

     

     

    EXHIBIT
      4.2

     

     

    

      

      SPECIAL
        SERVICING AGREEMENT

      

      This
        SPECIAL SERVICING AGREEMENT (the “Agreement”)
        is
        made and entered into as of June 1, 2006, between CitiMortgage, Inc, as servicer
        and master servicer (the “Company”),
        Credit-Based Asset Servicing and Securitization LLC, as holder of the Class
        B
        Certificates identified on Schedule I (the “Class
        B Holder”)
        and
        Litton Loan Servicing LP, an affiliate of the Class B Holder, as special
        servicer (the "Special
        Servicer").

      

      PRELIMINARY
        STATEMENT

      

      WHEREAS,
        the Class B Holder is the holder of an interest in each of the most subordinate
        outstanding classes of Mortgage Pass-Through Certificates (each a “Class
        B Certificate”)
        of the
        series of issuances (each a "Series")
        identified by the parties to reflect (i) the purchase from time to time by
        the
        Class B Holder of interests in any class of Class B Certificates of a Series
        and
        (ii) the sale from time to time by the Class B Holder of interests in any
        class
        of Class B Certificates. 

      

      WHEREAS,
        each of the Class B Certificates was issued pursuant to the Pooling and
        Servicing Agreement or Agreements (each a “Pooling
        and Servicing Agreement”)
        identified on Schedule I and evidences an ownership interest in a pool of
        Mortgage Loans. 

      

      WHEREAS,
        the Company is the servicer and master servicer of the Mortgage Loans related
        to
        each Series and the Mortgage Loans are serviced in accordance with the
        applicable Pooling and Servicing Agreement.

      

      WHEREAS,
        in connection with the purchase by Class B Holder of a Series of Class B
        Certificates (whether owned by the Class B Holder on the date hereof or
        purchased by the Class B Holder at any time in the future), the Class B Holder
        and the Company have agreed that (i) with respect to Mortgage Loans of a
        Series
        that become 90 or more days delinquent (each such Mortgage Loan, a "Delinquent
        Mortgage Loan"),
        the
        Company will provide to the Class B Holder certain information with respect
        to
        such Delinquent Mortgage Loan, and (ii) the Class B Holder, if it owns 100%
        of
        the then most subordinate outstanding class of Class B Certificates of a
        Series
        may elect to have certain Mortgage Loans of a Series which are 90 or more
        days
        delinquent or any REO Property of a Series (each such Mortgage Loan or REO
        Property, a "Specially
        Serviced Mortgage Loan")
        serviced by the Special Servicer.

      

      NOW
        THEREFORE, in consideration of the premises and mutual agreements hereinafter
        set forth, the Company, the Class B Holder and the Special Servicer hereby
        agree
        as follows: 

      

      ARTICLE
        I

      

      DEFINITIONS

      

      

      Section
        1.01 Definitions
        Incorporated by Reference.

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

          Capitalized
        terms used but not otherwise defined in this Agreement shall have the respective
        meaning ascribed thereto as set forth in the related Pooling and Servicing
        Agreement.

      

      

      ARTICLE
        II

      

      .

      DESIGNATION
        OF SPECIALLY SERVICED MORTGAGE LOANS AND SPECIAL SERVICING
        PROCEDURES

      

      

      Section
        2.01 Approval
        of Litton Loan Servicing LP as Special Servicer 

      

      The
        Company hereby approves Litton Loan Servicing LP as an approved Special
        Servicer.

      

      Section
        2.02 Specially
        Serviced Mortgage Loans.

      

      (a)
        To
        the extent and for so long as the Class B Certificates of a Series are
        outstanding and the Class B Holder owns at least 100% of the then most
        subordinate outstanding class of the Class B Certificates of such Series,
        Mortgage Loans of the related Series which are 90 or more days delinquent
        and/or
        REO Property of a Series may, at the option of the Class B Holder, be designated
        in writing by the Class B Holder as Specially Serviced Mortgage Loans and
        transferred to the Special Servicer for servicing. The Special Servicer shall
        service the Specially Serviced Mortgage Loans in accordance with the terms
        hereof and the related Pooling and Servicing Agreement.

      

      On
        or
        before the fourth business day of each calendar month, the Company as the
        servicer shall provide the Special Servicer with a preliminary list of REO
        Property and those Mortgage Loans which are 90-days or more delinquent as
        of
        such date. On or before the thirteenth calendar day of the month, the Company
        as
        the master servicer shall provide the Special Servicer with a list of REO
        Property and those Mortgage Loans which are 90-days or more delinquent as
        of
        such date. The list provided shall include the following information as to
        each
        such Delinquent Mortgage Loan: delinquency status, foreclosure status, and
        bankruptcy. 

      

      On
        or
        before the 15th
        calendar
        day of such month, the Special Servicer, on behalf of the Class B Holder,
        shall
        provide written notice to the Company of each such Mortgage Loan and REO
        Property which has been designated a Specially Serviced Mortgage Loan by
        the
        Class B Holder. Servicing of each Mortgage Loan and REO Property so designated
        as a Specially Serviced Mortgage Loan for which the Company is servicer shall
        be
        transferred by the Company to the Special Servicer effective on the first
        day of
        the calendar month immediately following the month of such designation (the
        "Effective Date") unless another date has been mutually agreed upon by the
        Special Servicer and the Company substantially in the manner set forth herein.
        Each Mortgage Loan and REO Property so designated as a Specially Serviced
        Mortgage Loan for which the Company is master servicer shall result in the
        Company giving direction to the underlying servicer that the servicing of
        such
        loans is to 

      
 

      
        
          
             

          

          
            2

            
              

            

          

          
             

          

        

      

      

      be
        transferred to the Special Servicer effective on the first day of the calendar
        month immediately following the month of such designation (the "Effective
        Date")
        unless another date has been mutually agreed upon by the servicer, the Special
        Servicer and the Company. The Company will work with the Special Servicer
        to
        encourage the servicer to comply with a transfer substantially in the manner
        set
        forth herein and in Exhibit B hereto.

      

      

      The
        parties hereto agree to customary and reasonable fees such as recording of
        assignments resulting from the transfer of the servicing of a Mortgage Loan.
        Fees beyond this would be negotiated between the parties.

       

      (b)
        As of
        the Effective Date of each Specially Serviced Mortgage Loan, the Special
        Servicer shall succeed to and undertake all rights, duties and obligations
        of
        the prior servicer (including, without limitation, the making of advances,
        any
        right to purchase such Specially Serviced Mortgage Loan at the purchase price
        set forth in the related Pooling and Servicing Agreement and the right to
        receive the servicing fee and retain additional servicing compensation with
        respect to such Specially Serviced Mortgage Loan) pursuant to and in accordance
        with the terms of the related Pooling and Servicing Agreement. The Special
        Servicer shall provide all loan level information by the 5th
        calendar
        day to the Company as master servicer and remit as stated in the respective
        Pooling and Servicing Agreement on the eighteenth (18th)
        day, or
        if such eighteenth (18th)
        day is
        not a Business day, the Business Day immediately preceding such eighteenth
        (18th)
        day
        beginning with the succeeding month after the Effective Date. The Company
        may
        also be entitled to additional master servicing compensation not based on
        the
        master servicing fee rate, as agreed with the Special Servicer, such as any
        net
        REO proceeds in excess of the outstanding principal balance and accrued interest
        on a mortgage loan. In addition, with the exception of sub prime mortgage
        loans,
,
        if the
        Special Servicer determines that an advance will not be recoverable, the
        Special
        Servicer will first consult with the Company prior to the date the advance
        would
        otherwise be required and discuss with the Company why the advance is deemed
        non
        recoverable as well as provide a value assessment. . 

       

      (c)
         The
        Company acknowledges that the Special Servicer or an affiliate may

      receive
        usual and customary real estate referral fees from real estate brokers in
        connection with the listing and disposition of REO Property.

      

      (d)
        Subject to sections 2.03, 5.15 and 5.16, once a Mortgage Loan becomes a
        Specially Serviced Mortgage Loan, such Mortgage Loan shall remain a Specially
        Serviced Mortgage Loan, and shall continue to be serviced by the Special
        Servicer (or a successor appointed under Section 2.04), regardless of
        delinquency status, whether the related Mortgaged Property becomes an REO
        Property or otherwise, until the earlier of the liquidation or other disposition
        of such Specially Serviced Mortgage Loan or the termination of this Agreement;
        provided, however, that if the Company exercises its right as Master Servicer
        to
        purchase all of the Mortgage Loans in a Trust Fund pursuant to an optional
        termination provision under the related Pooling and Servicing Agreement,
        the
        servicing of any related Specially Serviced Mortgage Loans shall be transferred
        promptly by the Special Servicer in accordance with written instructions
        from
        the Company. 

      

      
        
          
             

          

          
            3

            
              

            

          

          
             

          

        

      

      

      Upon
        termination of the Trust Fund, if Company does not provide transfer instructions
        and if Special Servicer does not elect to terminate this Agreement, Special
        Servicer shall continue to service the Mortgage Loans until liquidation or
        sale,
        on condition that the Special Servicer will service on an actual/actual basis,
        and Special Servicer and Company will negotiate a new service fee effective
        upon
        termination of the Trust Fund. Company agrees to provide Special Servicer
        written notice mailed (30) thirty days prior to the distribution day upon
        which
        final payment of the Certificates will be made. 

       

      (e)
        If
        the Class B Holder (i) transfers such percentage interest in any Class B
        Certificates of a Series such that the Class B Holder owns less than 100%
        of the
        then outstanding Certificate Principal Balance of such class, or (ii) purchases
        such percentage interest in any Class B Certificates of a Series such that
        the
        Class B Holder owns 100% of the then outstanding Certificate Principal Balance
        of such class, the Class B Holder shall promptly notify the Company and the
        Special Servicer in writing within fifteen (15) business days of any such
        transfer or acquisition. With respect to the purchase of 100% of the Class
        B
        Certificates of any Series by the Class B Holder after the date hereof, this
        Agreement shall be effective as of the date such written notice of acquisition
        is received by the Company 

      

      (f)
        Notwithstanding any provision herein to the contrary, the Special Servicer
        shall
        (i) in no event be obligated to effect any cure or remedy in connection with
        a
        deficiency in the documentation for any Specially Serviced Mortgage Loan
        to the
        extent such deficiency existed at the time such Mortgage Loan became a Specially
        Serviced Mortgage Loan or (ii) have any responsibility for any obligations,
        duties, or liabilities of the Company with respect to the servicing of a
        Specially Serviced Mortgage Loan that arose prior to the related Effective
        Date
        for such Specially Serviced Mortgage Loan, other than those which would
        customarily be assumed after the Effective Date. 

      

      (g)
        Notwithstanding the foregoing, and to the extent not prohibited by the related
        Pooling and Servicing Agreement, the Company and Special Servicer agree to
        the
        Operational Requirements listed on Exhibit B attached hereto and made a part
        hereof.

       

      Section
        2.03 Termination
        of Special Servicer for Default.
        

      

      The
        Company shall have the right, immediately upon written notice, to terminate
        the
        Special Servicer’s right and obligation to subservice all of the Specially
        Serviced Mortgage Loans hereunder in the event (each such event, an
“Event
        of Default”)
        of:

      

      (i) any
        failure by the Special Servicer to remit to the Company for distribution
        to the
        Certificateholders of a Series any payment (including without limitation,
        any
        failure to make any Advance not determined to be not recoverable by the Special
        Servicer under Section 2.02(b)) required to be made under the terms of this
        Agreement or the related Pooling and Servicing Agreement which continues
        unremedied for a period of one business day after the date upon which written
        notice of such failure, requiring the same to be remedied, shall have been
        given
        to the Special Servicer by the Company; or

      

       

      

      
        
          
             

          

          
            4

            
              

            

          

          
             

          

        

      

      

      (ii) any
        failure on the part of the Special Servicer duly to observe or perform in
        any
        material respect any other of the cove-nants or agreements on the part of
        the
        Special Servicer contained in this Agree-ment (including any breach of the
        Special Servicer’s representations and warranties contained in Section 4.03
        hereof) which materially and adversely affects the interests of the
        Certificateholders of a Series which continues unremedied for a period of
        30
        days after the date on which written notice of such failure, requiring the
        same
        to be remedied, shall have been given to the Special Servicer by the Company;
        or

      

      (iii) a
        decree
        or order of a court or agency or super-visory authority having jurisdiction
        in
        an involuntary case under any present or future federal or state bankruptcy,
        insolvency or similar law or the appoint-ment of a conservator or receiver
        or
        liquidator in any insolvency, readjustment of debt, marshalling of assets
        and
        liabilities or similar proceedings, or for the winding--up or liquidation
        of its
        affairs, shall have been entered against the Special Servicer and such decree
        or
        order shall have remained in force undischarged or unstayed for a period
        of 60
        consecutive days; or

      

      (iv) the
        Special Servicer shall consent to the appoint-ment of a conservator or receiver
        or liquidator in any insolvency, readjustment of debt, marshalling of assets
        and
        liabilities or similar proceedings of or relating to the Special Servicer
        or of
        or relating to all or substantially all of its property; or

      

      (v) the
        Special Servicer shall admit in writing its inability to pay its debts generally
        as they become due, file a petition to take advantage of or otherwise
        voluntari-ly commence a case or proceeding under any appli-cable bankruptcy,
        insol-vency, reorganization or other similar statute, make an assignment
        for the
        benefit of its credi-tors, or voluntarily suspend payment of its
        obligations.

      

      

      If
        an
        Event of Default as described in clauses (iii), (iv) or (v) above shall occur,
        then, and in each and every such case, upon receipt of written notice from
        the
        Company, the Special Servicer shall immediately remit to the Company all
        amounts
        in the Collection Accounts and the Escrow Accounts and all rights of the
        Special
        Servicer to service the Specially Serviced Mortgage Loans shall terminate.
        If an
        Event of Default as described in clauses (i) or (ii) above shall occur, then,
        and in each and every such case, upon receipt of written notice from the
        Company, the Special Servicer shall immediately remit to the Company all
        amounts
        in the related Collection Account and the related Escrow Accounts and all
        rights
        of the Special Servicer to service the Specially Serviced Mortgage Loans
        of each
        affected Series shall terminate. Following the receipt of written notice
        from
        the Company as provided above, all authority and power of the Special Servicer
        to subservice (a) all the Specially Serviced Mortgage Loans in the case of
        an
        Event of Default as described in clauses (iii), (iv) or (v) above or (b)
        all the
        Specially Serviced Mortgage Loans of each affected Series in the case of
        an
        Event of Default as described in clauses (i) or (ii) above shall pass to
        and be
        vested in the Company pursuant to 

      

      
        
          
             

          

          
            5

            
              

            

          

          
             

          

        

      

      

      and
        under
        this Section 2.03, and the Special Servicer shall do all things necessary
        to
        effect a transfer of the servicing rights back to the Company. In this regard,
        the Company is hereby authorized and empowered to execute and deliv-er, on
        behalf of the Special Servicer, as attorney--in--fact or otherwise, any and
        all
        documents and other instru-ments, and to do or accom-plish all other acts
        or
        things necessary or appropriate to effect the purposes of such notice of
        termina-tion, whether to complete the transfer and endorsement or assign-ment
        of
        the affected Specially Serviced Mortgage Loans and related documents, or
        otherwise. The Special Servicer agrees to cooperate with the Company in
        implementing the termination of the Special Servicer’s respon-sibili-ties and
        rights hereunder to the extent required by this Section 2.03, includ-ing,
        without limita-tion, the transfer to the Company or its appointed agent for
        adminis-tra-tion by it of all amounts in the possession of the Special Servicer
        or thereaf-ter be receiv-ed with respect to all of the Specially Serviced
        Mortgage Loans serviced hereunder in the case of an Event of Default as
        described in clauses (iii), (iv) or (v) above or with respect to all of the
        Specially Serviced Mortgage Loans of each affected Series in the case of
        an
        Event of Default as described in clauses (i) or (ii) above , as the case
        may be,
        and the transfer of the related Servicing Rights back to the Company.

      

      2.04 Appointment
        of Successor Special Servicer.

       

      Only
        with
        prior consent of the Company, the Class B Holder shall have the right, upon
        90
        days prior written notice (or such lesser period as the Company may approve
        in
        writing) to the Company and the Special Servicer, to appoint a successor
        special
        servicer meeting the requirements set forth in clauses (i), (ii) and (iii)
        below. Any such successor special servicer shall succeed to all rights and
        assume all of the responsibilities, duties and liabilities of the Special
        Servicer under this Agreement simultaneously with the termination of the
        Special
        Servicer's responsibilities, duties and liabilities under this Agreement.
        In the
        event that the Special Servicer's duties, responsibilities and liabilities
        under
        this Agreement should be terminated pursuant to this Agreement, the Special
        Servicer shall discharge such duties and responsibilities during the period
        from
        the date it acquires knowledge of such termination until the effective date
        thereof with the same degree of diligence and prudence which it is obligated
        to
        exercise under this Agreement, and shall take no action whatsoever that might
        impair or prejudice the rights or financial condition of its successor. The
        removal of the Special Servicer shall not become effective until a successor
        shall be appointed pursuant to this Section and shall in no event relieve
        the
        Special Servicer of the representations and warranties made pursuant to Section
        4.03 and the remedies available to the Class B Holder and/or the Company
        under
        Sections 4.04 and 5.01, it being understood and agreed that the provisions
        of
        such Sections 4.04 and 5.01 shall be applicable to the Special Servicer
        notwithstanding any such termination of it, or the termination of this
        Agreement.

      

       

      Any
        successor special servicer shall (i) be an institution having a net worth
        of not
        less than $5,000,000, (ii) the appointment of such successor servicer will
        not
        result in the downgrading in any rating by any applicable rating agency of
        any
        security issued in connection with the applicable Pooling and Servicing
        Agreements, (iii) be approved as a seller/servicer of single-family mortgage
        loans by the Department of Housing and Urban Development, (iv) which is a
        FNMA
        or FHLMC 

      
 

      
        
          
             

          

          
            6

            
              

            

          

          
             

          

        

      

      

      approved
        seller/servicer in good standing and and (v) have and keep in full effect
        its
        existence, rights and franchises as a corporation (or such other corporate
        form), and shall obtain its qualification to do business as a foreign
        corporation (or such other corporate form) in each jurisdiction in which
        such
        qualification is or shall be necessary to protect the validity and
        enforceability of this Agreement or any of the Specially Serviced Mortgage
        Loans
        and to perform its duties under this Agreement. Any successor appointed as
        provided herein shall execute, acknowledge and deliver to the Class B Holder
        and
        the Company an instrument accepting such appointment, wherein the successor
        shall make the representations and warranties set forth in Section 4.03,
        whereupon such successor shall become fully vested with all the rights, powers,
        duties, responsibilities, obligations and liabilities of the Special Servicer,
        with like effect as if originally named as a party to this
        Agreement.

       

      Within
        30
        days of the appointment of a successor special servicer by the Class B Holder,
        the Special Servicer shall prepare, execute and deliver to the successor
        entity
        any and all documents and other instruments, place in such successor's
        possession all servicing files related to the Specially Serviced Mortgage
        Loans,
        and do or cause to be done all other acts or things necessary or appropriate
        to
        effect the purposes of such notice of termination, including but not limited
        to
        the transfer and endorsement of the related Mortgage Notes and other documents,
        and the Class B Holder shall do or cause to be done the preparation and
        recordation of Assignments of Mortgage and Deeds at the Class B Holder's
        sole
        expense. 

       

      If
        the
        rights of the Special Servicer are terminated under this Agreement, the Special
        Servicer shall cooperate with the Class B Holder, the Company, and any successor
        in effecting the termination of the Special Servicer's responsibilities and
        rights hereunder and the transfer of servicing responsibilities to the successor
        special servicer or other servicer, including without limitation, the transfer
        to such successor or other servicer of all amounts received by it with respect
        to the Specially Serviced Mortgage Loans. Further, the Special Servicer shall
        execute and deliver such instruments and do such other things as may reasonably
        be required to more fully and definitively vest in the successor or other
        servicer all such rights, powers, duties, responsibilities, obligations and
        liabilities of the Special Servicer.

      

      

      ARTICLE
        III

      

      DELINQUENT
        MORTGAGE LOANS OTHER THAN SPECIALLY SERVICED MORTGAGE
        LOANS

      

      

      Section
        3.01. Reporting
        of Delinquent Mortgage Loans. 

      

      (a)
        To
        the extent and for so long as the Class B Certificates of a Series are
        outstanding and any interest in such Class B Certificates is held by the
        Class B
        Holder, the Company will provide the following information available on its
        website at www.citimortgagembs.com
        on each
        Distribution Date:

       

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      
 

      
        	 	
                (1)

              	
                With
                  respect to each Series, the number and aggregate Principal Balance
                  of the
                  Mortgage Loans delinquent one, two and three months or more, together
                  with
                  the Principal Balance of each Mortgage Loan delinquent, one, two
                  and three
                  months or more;

              

      

      

      
        	 	
                (2)

              	
                With
                  respect to each Series, the (i) number and aggregate Principal
                  Balance of
                  Mortgage Loans with respect to which foreclosure proceedings have
                  been
                  initiated, and (ii) the number of Mortgaged Properties acquired
                  through
                  foreclosure, deed in lieu
                  of foreclosure or other exercise of rights respecting the Trustee’s
                  security interest in the Mortgage Loans, and with respect to each
                  Mortgage
                  Loan, the (i) Principal Balance of each such Mortgage Loan with
                  respect to
                  which foreclosure proceedings have been initiated, and (ii) the
                  appraised
                  value of each Mortgaged Property acquired through foreclosure,
                  deed in
                  lieu of foreclosure or other exercise of rights respecting the
                  Trustee’s
                  security interest in the related Mortgage Loan;
                  and

              

      

      

      

      
        	 	
                (3)

              	
                With
                  respect to each Series, the amount of Realized Losses allocable
                  to the
                  Certificates on the related Distribution Date and the cumulative
                  amount of
                  Realized Losses allocated to such Certificates since the Cut-off
                  Date, and
                  with respect to each Mortgage Loan, the amount of Realized Losses
                  attributable to such Mortgage Loan on the related Distribution
                  Date and
                  the cumulative amount of Realized Losses attributable to such Mortgage
                  Loan since the Cut-off Date.

              

      

      

      

      

      

      

      

      Section
        3.02 Review
        of Procedures.

      

      The
        Company hereby agrees that the Class B Holder shall have the right, at its
        own
        expense and during normal business hours, to review any and all of the books,
        records, or other information of the Company which may be relevant to the
        Company’s direct collection, loss mitigation, foreclosure and REO management
        procedures currently in place in order to confirm that the procedures used
        by
        the Company and its subservicers are in accordance with the customary servicing
        practices of prudent mortgage loan servicers. In order to discuss such books,
        records or other information, the Company shall make personnel available
        who are
        knowledgeable about such matters.

      

      The
        Class
        B Holder and the Special Servicer hereby agree that the Company shall have
        the
        right, at its own expense and during normal business hours, to review any
        and
        all of the books, records, or other information of the Special Servicer which
        may be relevant to the Special Servicer’s direct collection, loss mitigation,
        foreclosure and REO management procedures currently in place in order to
        confirm
        that the procedures used by the Special Servicer are in accordance with the
        customary servicing practices of prudent mortgage loan servicers. In order
        to
        discuss such books, 

      
 

      
        
          
             

          

          
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      records
        or other information, the Special Servicer
        shall make personnel available who are knowledgeable about such
        matters.

      

      ARTICLE
        IV

      

      REPRESENTATIONS
        AND WARRANTIES

      

      Section
        4.01. Organizational
        and Other Related Warranties of the Class B Holder.
        The
        Class B Holder hereby makes the following representations and warranties
        to the
        Company and the Special Servicer:

      (i) Organization
        and Good Standing.
        The
        Class B Holder is an entity duly organized, validly existing, and in good
        standing under the laws of its state of incorporation or formation or the
        laws
        of the United States.

       

      (ii) No
        Violation.
        Neither
        the execution and delivery by the Class B Holder of this Agreement, nor the
        consummation by the Class B Holder of the transactions contemplated hereby,
        nor
        the performance of and compliance by the Class B Holder with the provisions
        of
        this Agreement, will conflict with or result in a breach or violation of,
        or
        constitute a default (or an event which, with notice or the lapse of time,
        or
        both, would constitute a default) under, the organizational documents (its
        articles of incorporation or charter or by-laws) of the Class B Holder, or
        any
        of the provisions of any law, rule, regulation, judgment, decree, demand,
        or
        order (of any federal, state, or local governmental or regulatory authority
        or
        court) binding on the Class B Holder, or any of its respective properties,
        or
        any of the provisions of any indenture, mortgage, contract, instrument, or
        other
        document to which the Class B Holder is a party or by which it is bound,
        or
        result in the creation or imposition of any lien, charge, or encumbrance
        upon
        any of their respective properties pursuant to the terms of any indenture,
        mortgage, contract, instrument, or other document. The Class B Holder is
        not
        otherwise in violation of any law, rule, regulation, judgment, decree, demand,
        or order (of any federal, state or local governmental or regulatory authority
        or
        court), which violation, in the Class B Holder's, good faith and reasonable
        judgment, is likely to affect materially and adversely its ability to perform
        its obligations hereunder.

       

      (iii) Authorization
        and Enforceability.
        The
        execution and delivery by the Class B Holder of this Agreement, the consummation
        of the transactions contemplated hereby, and the performance and compliance
        by
        the Class B Holder with the terms hereof are within the powers of the Class
        B
        Holder, and have been duly authorized by all necessary action on the part
        of the
        Class B Holder. All organizational resolutions and consents necessary for
        the
        Class B Holder to enter into and consummate all transactions contemplated
        hereby
        have been obtained. This Agreement has been duly executed and delivered by
        the
        Class B Holder and constitutes the legal, valid and binding obligation of
        the
        Class B Holder, enforceable against it in accordance with its terms, subject
        to
        applicable bankruptcy, insolvency, reorganization, moratorium, and other
        similar
        laws affecting creditors’ rights generally, and to general principles of equity,
        regardless of whether such enforcement is considered in a proceeding in equity
        or at law. The Class B Holder has not failed to obtain any consent, approval,
        authorization, or order of, or failed to cause any registration or qualification
        with, any court or regulatory authority or other governmental body

       

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

       having
        jurisdiction over it, which consent, approval, authorization, order,
        registration, or qualification is required for, and the absence of which
        would
        materially adversely affect, the legal and valid execution, delivery, and
        performance of this Agreement by the Class B Holder. 

       

      (iv) No
        Litigation or Adverse Conditions.
        No
        litigation is pending or, to the best of the Class B Holder's knowledge,
        threatened against it, which, if determined adversely to the Class B Holder
        would prohibit the Class B Holder from entering into this Agreement or, in
        the
        good faith and reasonable judgment of the Class B Holder, is likely to
        materially and adversely affect either the ability of the Class B Holder
        to
        perform its obligations hereunder.

      
 

      Section
        4.02. Organizational
        and Other Related Warranties of the Company.
        The
        Company hereby makes the following representations and warranties to the
        Class B
        Holder and the Special Servicer:

       

      (i) Organization
        and Good Standing.
        The
        Company is an entity duly organized, validly existing, and in good standing
        under the laws of its state of incorporation or formation or the laws of
        the
        United States, and is in compliance with the laws of each state in which
        any
        property is located to the extent necessary to ensure the enforceability
        of each
        Mortgage Loan and to perform its obligations hereunder and the Pooling and
        Servicing Agreement.

       

      (ii) No
        Violation.
        Neither
        the execution and delivery by Company of this Agreement, nor the consummation
        by
        it of the transactions contemplated hereby, nor the performance of and
        compliance by the Company with the provisions hereof or of the Pooling and
        Servicing Agreement, will conflict with or result in a breach or violation
        of,
        or constitute a default (or an event which, with notice or the lapse of time,
        or
        both, would constitute a default) under, the organizational documents (its
        articles of incorporation or charter or by-laws) of the Company, or any of
        the
        provisions of any law, rule, regulation, judgment, decree, demand, or order
        (of
        any federal, state, or local governmental or regulatory authority or court)
        binding on the Company, or any of its properties, or any of the provisions
        of
        any indenture, mortgage, contract, instrument, or other document (including,
        without limitation, any Pooling and Servicing Agreement) to which the Company
        is
        a party or by which it is bound, or result in the creation or imposition
        of any
        lien, charge, or encumbrance upon any of their respective properties pursuant
        to
        the terms of any indenture, mortgage, contract, instrument, or other document.
        The Company is not otherwise in violation of any law, rule, regulation,
        judgment, decree, demand, or order (of any federal, state or local governmental
        or regulatory authority or court), which violation, in the Company's good
        faith
        and reasonable judgment, is likely to affect materially and adversely either
        its
        ability to perform its obligations hereunder or under the Pooling and Servicing
        Agreements, or the financial condition of the Company.

       

      (iii) Authorization
        and Enforceability.
        The
        execution and delivery by the Company of this Agreement, the consummation
        of the
        transactions contemplated hereby, and the performance and compliance by the
        Company with the terms hereof and of the Pooling and Servicing Agreements
        are
        within the powers of the Company, and have been duly authorized by all necessary
        action on the part of the Company. All organizational resolutions and consents
        necessary for the Company to enter into and consummate all transactions
        contemplated hereby 

       

      

      
        
          
             

          

          
            10

            
              

            

          

          
             

          

        

      

       

      have
        been obtained. This Agreement has been duly
        executed and delivered by the Company and constitutes the legal, valid and
        binding obligation of the Company, enforceable against it in accordance with
        its
        terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium,
        and other similar laws affecting creditors’ rights generally, and to general
        principles of equity, regardless of whether such enforcement is considered
        in a
        proceeding in equity or at law. The Company has not failed to obtain any
        consent, approval, authorization, or order of, or failed to cause any
        registration or qualification with, any court or regulatory authority or
        other
        governmental body having jurisdiction over the Company, which consent, approval,
        authorization, order, registration, or qualification is required for, and
        the
        absence of which would materially adversely affect, the legal and valid
        execution, delivery, and performance of this Agreement by the
        Company.

      

      (iv) Approvals
        and Permits.
        The
        Company possesses such certificates, authorizations, licenses, and permits
        issued by the appropriate state, federal, and foreign regulatory agencies
        or
        bodies necessary to conduct the business now operated by it, and the Company
        has
        not received any notice of proceedings relating to the revocation or
        modification of any such certificate, authorization, or permit which, singly
        or
        in the aggregate, if the subject of an unfavorable decision, ruling, or finding,
        would materially and adversely affect the conduct of the business, operations,
        financial condition, or income of the Company.

       

      (v) No
        Litigation or Adverse Conditions.
        No
        litigation is pending or, to the best of the Company's knowledge, threatened
        against it, which, if determined adversely to the Company would prohibit
        the
        Company from entering into this Agreement or, in the good faith and reasonable
        judgment of the Company, is likely to materially and adversely affect either
        its
        ability to perform its obligations hereunder or under the Pooling and Servicing
        Agreements or the financial condition of the Company. The Company has no
        knowledge of any recent adverse financial condition or event with respect
        to
        itself that, in its good faith and reasonable judgment, is likely to materially
        and adversely affect its ability to perform its obligations hereunder or
        under
        the Pooling and Servicing Agreements.

       

      (vi) Fidelity
        Bond; Errors and Omission Insurance.
        Each
        officer, director, employee, consultant and advisor of the Company with
        responsibilities concerning the servicing and administration of the Mortgage
        Loans is covered by errors and omissions insurance and fidelity bond insurance
        in the amounts and with the coverage required under the related Pooling and
        Servicing Agreement for it to maintain. Neither the Company nor any of its
        officers, directors, employees, consultants, or advisors involved in the
        servicing or administration of the Mortgage Loans has been refused such coverage
        or insurance.

       

      

      Section
        4.03. Organizational
        and Other Related Warranties of the Special Servicer.
        The
        Special Servicer hereby makes the following representations and warranties
        to
        the Company and the Class B Holder:

       

      (i) Organization
        and Good Standing.
        The
        Special Servicer is an entity duly organized, validly existing, and in good
        standing under the laws of its state of incorporation or 

      

      
        
          
             

          

          
            11

            
              

            

          

          
             

          

        

      

       

      formation
        or the laws of the United States, and is in
        compliance with the laws of each state in which any property is located to
        the
        extent necessary to ensure the enforceability of each Mortgage Loan and to
        perform its obligations hereunder.
         

        (ii) No
          Violation.
          Neither
          the execution and delivery by Special Servicer of this Agreement, nor the
          consummation by it of the transactions contemplated hereby, nor the performance
          of and compliance by the Special Servicer with the provisions hereof ,
          will
          conflict with or result in a breach or violation of, or constitute a default
          (or
          an event which, with notice or the lapse of time, or both, would constitute
          a
          default) under, the organizational documents (its articles of incorporation
          or
          charter or by-laws) of the Special Servicer, or any of the provisions of
          any
          law, rule, regulation, judgment, decree, demand, or order (of any federal,
          state, or local governmental or regulatory authority or court) binding
          on the
          Special Servicer, or any of its properties, or any of the provisions of
          any
          indenture, mortgage, contract, instrument, or other document
          to which the Special Servicer is a party or by which it is bound, or result
          in
          the creation or imposition of any lien, charge, or encumbrance upon any
          of their
          respective properties pursuant to the terms of any indenture, mortgage,
          contract, instrument, or other document. The Special Servicer is not otherwise
          in violation of any law, rule, regulation, judgment, decree, demand, or
          order
          (of any federal, state or local governmental or regulatory authority or
          court),
          which violation, in the Special Servicer's good faith and reasonable judgment,
          is likely to affect materially and adversely either its ability to perform
          its
          obligations hereunder, or the financial condition of the Special
          Servicer.

      

       

            
        (iii) Authorization
        and Enforceability.
        The
        execution and delivery by the Special Servicer of this Agreement, the
        consummation of the transactions contemplated hereby, and the performance
        and
        compliance by the Special Servicer with the terms hereof are within the powers
        of the Special Servicer, and have been duly authorized by all necessary action
        on the part of the Special Servicer. All organizational resolutions and consents
        necessary for the Special Servicer to enter into and consummate all transactions
        contemplated hereby have been obtained. This Agreement has been duly executed
        and delivered by the Special Servicer and constitutes the legal, valid and
        binding obligation of the Special Servicer, enforceable against it in accordance
        with its terms, subject to applicable bankruptcy, insolvency, reorganization,
        moratorium, and other similar laws affecting creditors’ rights generally, and to
        general principles of equity, regardless of whether such enforcement is
        considered in a proceeding in equity or at law. The Special Servicer has
        not
        failed to obtain any consent, approval, authorization, or order of, or failed
        to
        cause any registration or qualification with, any court or regulatory authority
        or other governmental body having jurisdiction over the Special Servicer,
        which
        consent, approval, authorization, order, registration, or qualification is
        required for, and the absence of which would materially adversely affect,
        the
        legal and valid execution, delivery, and performance of this Agreement by
        the
        Special Servicer.

       

      (iv) Approvals
        and Permits.
        The
        Special Servicer possesses such certificates, authorizations, licenses, and
        permits issued by the appropriate state, federal, and foreign regulatory
        agencies or bodies necessary to conduct the business now operated by it,
        and it
        has not received any notice of proceedings relating to the revocation or
        modification of any such certificate, authorization, or permit which, singly
        or
        in the aggregate, if the subject of an 

      

      
        
          
             

          

          
            12

            
              

            

          

          
             

          

        

      

       

      unfavorable
        decision, ruling, or finding, would
        materially and adversely affect the ability of the Special Servicer to service
        a
        Mortgage Loan or the interests of the Certificateholders therein.
         

        (v) No
          Litigation or Adverse Conditions.
          No
          litigation is pending or, to the best of the Special Servicer's knowledge,
          threatened against it, which, if determined adversely to the Special Servicer
          would prohibit the Special Servicer from entering into this Agreement or,
          in the
          good faith and reasonable judgment of the Special Servicer, is likely to
          materially and adversely affect either its ability to perform its obligations
          hereunder or the financial condition of the Special Servicer. The Special
          Servicer has no knowledge of any recent adverse financial condition or
          event
          with respect to itself that, in its good faith and reasonable judgment,
          is
          likely to materially and adversely affect its ability to perform its obligations
          hereunder.

         

        (vi) Fidelity
          Bond; Errors and Omission Insurance.
          Each
          officer, director, employee, consultant and advisor of the Special Servicer
          with
          responsibilities concerning the servicing and administration
          of the Mortgage Loans is covered by errors and omissions insurance and
          fidelity
          bond insurance in the amounts and with the coverage required under the
          related
          Pooling and Servicing Agreement to be maintained by the Company as master
          servicer. Neither the Special Servicer nor any of its officers, directors,
          employees, consultants, or advisors involved in the servicing or administration
          of the Mortgage Loans has been refused such coverage or
          insurance.

      

       

      (vii) Approved
        Seller/Servicer.
        The
        Special Servicer is a HUD approved mortgagee.

       

      

       

      Section
        4.04 Remedies
        for Breach of Representation and Warranty.

       

       

      Upon
        discovery by any of the Company, the Class B Holder or the Special Servicer
        of a
        breach of any of the representations and warranties contained in Article
        IV
        which materially and adversely affects the value of the Specially Serviced
        Mortgage Loans, or the ability of the Special Servicer to service any of
        the
        Specially Serviced Mortgage Loan, the party discovering such breach shall
        give
        prompt written notice to the others.

       

      Each
        of
        the parties hereto shall indemnify the others and hold each of them harmless
        against any losses, damages, penalties, fines, forfeitures, reasonable and
        necessary legal fees and related costs, judgments, and other costs and expenses
        resulting from any claim, demand, defense or assertion based on or grounded
        upon, or resulting from, a breach of such party's representations and warranties
        contained in Article IV. It is understood and agreed that except as provided
        in
        Sections 2.03, 5.15 and 5.16, the obligations to indemnify as provided in
        this
        Section 4.04 constitute the sole remedies of each of the Company, Class B
        Holder
        and Special Servicer respecting a breach of any other party's representations
        and warranties.

      

      

      

      ARTICLE
        V

      

      

      
        
          
             

          

          
            13

            
              

            

          

          
             

          

        

      

       

      
        MISCELLANEOUS
          PROVISIONS

        

        Section
          5.01 Indemnification.

         

        Each
          of
          the Company, the Class B Holder and the Special Servicer (each as such,
          an
Indemnifying
          Party")
          shall
          indemnify the other parties hereto (each as such, an "Indemnified
          Party")
          and
          hold them harmless against any and all claims, losses, damages, penalties,
          fines, forfeitures, reasonable and necessary legal fees and related costs,
          judgments, and any other costs, fees and expenses (individually and
          collectively, the "Claims") that such Indemnified Party may sustain in
          any way
          related to the failure of the Indemnifying Party to perform its duties
          in
          compliance with the terms of this Agreement; provided,
          that
          the Company and the Class B Holder acknowledge and agree that the obligation
          of
          the Special Servicer to indemnify for losses arising from or incurred in
          connection with the servicing of Specially Serviced Mortgage Loans (including
          REO Property) shall be
          determined in accordance with the indemnification standards applicable
          to the
          Company, as Master Servicer under the related Pooling and Servicing Agreement;
          and provided further,
          that
          none of the Company, the Class B Holder or the Special Servicer or any
          of the
          directors, officers, employees or agents of the Company, Class B Holder
          or the
          Servicer shall be liable for any action taken or for refraining from the
          taking
          of any action in good faith pursuant to this Agreement, or for errors in
          judgment; it being understood that this provision shall not protect the
          Company,
          the Class B Holder or the Special Servicer against any material breach
          of
          warranties, representations or covenants made herein, or against any specific
          liability imposed on such party pursuant hereto, or against any liability
          which
          would otherwise be imposed by reason of willful misfeasance, bad faith
          or gross
          negligence in the performance of duties or by reason of reckless disregard
          of
          obligations and duties hereunder. 

      

      

      Section
        5.02 Pooling
        and Servicing Agreements 

       

       

      Company
        agrees to immediately provide Special Servicer a copy of the Pooling and
        Servicing Agreements and the related Mortgage Loan Schedule as referenced
        on
        Schedule I. 

      

      Section
        5.03 Amendment.

      

      This
        Agreement may be amended from time to time by written agreement signed by
        each
        of the parties hereto.

      

      Section
        5.04 Counterparts.

      

      This
        Agreement may be executed simultaneously in any number of counterparts, each
        of
        which counterparts shall be deemed to be an original and such counterparts
        shall
        constitute but one and the same instrument.

      

      Section
        5.05 Governing
        Law.

      

      

      
        
          
             

          

          
            14

            
              

            

          

          
             

          

        

      

       

      
        This
          Agreement shall be construed in accordance with the laws of the State of
          New
          York and the obligations, rights and remedies of the parties hereunder
          shall be
          determined in accordance with such laws.

        

        Section
          5.06 Notices.

        

        All
          demands, notices and direction hereunder shall be in writing or by telecopy
          and
          shall be deemed effective upon receipt to:

        

        (a) in
          the
          case of the Company,

        

        CitiMortgage
          Inc

        1000
          Technology Drive

        O’Fallon,
          MO 63368

      

      Attention:
        Cindy Barmeier, MS 337

      Telephone:
        636-261-1983

      Facsimile:
        636-261-1394

      

      With
        a
        copy sent to 

      

      CitiMortgage,
        Inc.

      4000
        Regent Blvd, MC: N3B-355 

      Irving
        ,
        TX 75063

      Attention:
        John Guyon, Compliance Manager, MSD

      Telephone:
        469-220-0916

      Facsimile:
        469-220-1572

      

      or
        such
        other address as may hereafter be furnished to the Class B Holder and the
        Special Servicer in writing.

      

      (b) in
        the
        case of the Class B Holder,

      

      Credit-Based
        Asset Servicing and Securitization LLC

      335
        Madison Avenue

      New
        York,
        New York 10017

      Attention: B-Piece
        Surveillance Department

      Telephone: (212)
        850-7765

      Facsimile: (212)
        850-7760

      

      or
        such
        other address as may hereafter be furnished to the Company in
        writing.

      

      (c) in
        the
        case of the Special Servicer,

      

      Litton
        Loan Servicing LP

      

      
        
          
             

          

          
            15

            
              

            

          

          
             

          

        

      

       

      
        4828
          Loop
          Central Drive

        Houston,
          TX 77081-2226

        Attention: Contract
          Management

        Facsimile: (713)
          960-0539

        

        or
          such
          other address as may hereafter be furnished to the Company in
          writing.

        

        Section
          5.07 Termination.

        

        This
          Agreement shall terminate (x) with respect to a Series, at such time as
          the
          Principal Balance of the Class B Certificates has been reduced to zero,
          or if
          later, the date as of which the Special Servicer is no longer servicing
          any
          Specially Serviced Mortgage Loans of the related Series, or (y) if mutually
          agreed to by the parties hereto or (z) if Special Servicer elects to terminate
          upon Company’s purchase of all of the Mortgage Loans in a Trust
          Fund.

      

      

      Section
        5.08 Severability
        of Provisions.

      

      If
        any
        one or more of the covenants, agreements, provi-sions or terms of this Agreement
        shall be held invalid for any reason whatso-ever, then such covenants,
        agreements, provisions or terms shall be deemed severable from the remaining
        covenants, agreements, provisions or terms of this Agreement and shall in
        no way
        affect the validity or enforceability of the other provisions of this Agreement.
        If the invalidity of any part, provision, representation or warranty of this
        Agreement shall deprive any party of the economic benefit intended to be
        conferred by this Agreement, the parties shall negotiate in good faith to
        develop a structure the economic effect of which is nearly as possible the
        same
        as the economic effect of this Agreement without regard to such invalidity.
        

      

      Section
        5.09 Successors
        and Assigns.

      

      This
        Agreement may not be assigned by any party hereto without the prior written
        consent of each of the other parties hereto; provided, however, that the
        Class B
        Holder may assigns its rights hereunder without the prior written consent
        of the
        Company with respect to one or more Class B Certificates to a trust or other
        entity (each, a "Trust”) in connection with a re-securitization or issuance of
        collateralized bond obligation (each, a "Re-Securitization") of mortgage-backed
        securities, including such Class B Certificates, by the Class B Holder (whether
        directly or indirectly) if the Class B Holder is the administrative agent
        or
        collateral manager for the Trust, whose responsibilities include managing
        the
        collateral included in the Trust and/or exercising all of the Trust's rights
        hereunder as Class B Holder of the assigned Class B Certificates. The Class
        B
        Holder shall provide written notice to the Company of any assignment of a
        Class
        B Certificate to a Trust, specifying the name of the Trust, the issuance
        date
        and the assigned Class B Certificates. 

       

      The
        provisions of this Agreement shall be binding upon and inure to the benefit
        of
        the respective successors and assigns of the parties hereto.

      

      Section
        5.10 Article
        and Section Headings.

      

      

      
        
          
             

          

          
            16

            
              

            

          

          
             

          

        

      

       

      
        The
          article and section headings herein are for convenience of reference only
          and
          shall not limit or otherwise affect the meaning hereof.

        

        Section
          5.11 Confidentiality.

        

        (a)
           In
          connection with the rights and obligations of each of the parties hereunder,
          each of the Company, the Class B Holder and the Special Servicer (for the
          purposes of this Section 5.10(a), a “Disclosing Party”) may find it necessary to
          disclose to the other parties (including its subsidiaries) or its
          representatives (collectively, a “Receiving Party”) certain confidential,
          non-public or proprietary information relating to the Disclosing Party
          or its
          affiliates. “Confidential Information” means any nonpublic information whatever
          its nature or form, whether obtained orally, by observation, from written
          materials or otherwise, from any third party or from the Disclosing Party
          or its
          directors, officers, employees, affiliates, representatives (including,
          without
          limitation, financial advisors, attorneys and accountants) or agents
          (collectively, a party’s “Representatives;”) that is obtained by the Receiving
          Party as a result of or in connection with the performance of any party’s rights
          or obligations under this Agreement, whether before or after the date hereof,
          together with all analyses, compilations, forecasts, studies or other documents
          prepared by a Receiving Party or its Representatives in connection with
          the
          performance of any party’s rights or obligations hereunder which contain or
          reflect any such information. Confidential Information includes, but is
          not
          limited to, any non-public information regarding any business or operations
          plans, strategies, processes, know-how, portfolios, prospects or objectives
          of
          the Disclosing Party; structure, products, product development, technology,
          inventions, discoveries, improvements, specifications, source codes, object
          code, programming and other documentation, designs, methods, devices, systems,
          computer software, including due diligence system, loss mitigation software
          included within RADAR, foreclosure attorney web site, distribution, sales,
          services, support and marketing plans, practices, or operations of the
          Disclosing Party; the prices, costs and details of the services of the
          Disclosing Party; the financial condition, results of operations, financial
          records and related information of the Disclosing Party; the position of
          the
          Disclosing Party and its clients in any portfolio; the performance of any
          accounts or assets of the Disclosing Party; research and development, operations
          or plans of the Disclosing Party; clients and client lists (including,
          without
          limitation, the identity of clients, names, addresses, contact persons,
          and the
          client’s business or investment status or needs) of the Disclosing; information
          received from third parties under confidential conditions; any trade secrets,
          confidential or secret designs, processes, formulae, plans, devices or
          material
          (whether or not patented or patentable) directly or indirectly useful in
          any
          aspect of the business of the Disclosing Party (including, without limitation,
          financial, investment and trading plans, designs, products and computer
          aided
          financial investment and trading systems, software, strategies, programs,
          formulae, patterns, methods, techniques, processes and system analyses),
          management organization and related information (including, without limitation,
          data and other information concerning the compensation and benefits paid
          to
          officers, directors and employees of the Disclosing Party); personnel and
          compensation policies; operation policies and manuals; means of gaining
          access
          to the Disclosing Party’s computer data systems and related information; or any
          other non-public 

      

      

      
        
          
             

          

          
            17

            
              

            

          

          
             

          

        

      

       

      financial,
        commercial, business, technical or other
        information relating to the Disclosing Party, its clients, subsidiaries or
        affiliates. The term Confidential Information will not, however, include
        Confidential Information which (i) is or becomes publicly available other
        than
        as a result of a disclosure by a Receiving Party or its Representatives in
        violation of this Agreement, (ii) becomes available to a Receiving Party
        on a
        non-confidential basis after the date hereof from a source (other than a
        Disclosing Party or its Representatives ), which, to the best knowledge of
        a
        Receiving Party after due inquiry, is not prohibited from disclosing such
        information to the Receiving Party by any obligation of confidentiality to
        another party hereto, or (iii) is developed or derived by a party hereto
        without
        the aid, application or use of Confidential Information. The parties acknowledge
        that under Regulation AB, the Company may be required to file this Agreement
        with the Securities and Exchange Commission, and that any such filing will
        be
        publicly available on the Commission’s EDGAR website; accordingly, the contents
        of this Agreement are not Confidential Information. Such filing shall be
        within
        the Company’s sole discretion.

      (b)
        Each
        of the Class B Holder and the Special Servicer agrees that all information
        supplied by or on behalf of the Company pursuant to Sections 2.02 or 3.01,
        including individual account information, is the property of the Company
        and
        each such party agrees to use such information only for the purposes
        contemplated by this Agreement and otherwise hold such information confidential
        and not to disclose such information, except as contemplated hereby or to
        the
        extent such information is made publicly available by or on behalf of the
        Company or the relevant Trustee. In addition, each of the parties acknowledge
        that the Federal “Privacy of Consumer Financial Information” Regulation (16 CFR
        313), as amended from time to time (the “Privacy Regulation”), issued pursuant
        to Section 504 of the Gramm-Leach-Bliley Act (15 U.S.C. 6801 et
        seq.)
        governs
        disclosures of nonpublic personal information about consumers and the FTC
        “Standards for Safeguarding Customer Information” Regulation (16 CFR 314), as
        amended from time to time (the “Safeguard Regulation”), governs the safeguarding
        of such information. Each of the Class B Holder and the Special Servicer
        hereby
        agrees that it shall comply with the terms and provisions of the Privacy
        Regulation and the Safeguard Regulation, including, without limitation, the
        provisions regarding the sharing and safeguarding of Nonpublic Personal
        Information (as defined in the Privacy Regulation) in so far as such terms
        and
        provisions relate to Confidential Information.

      

      Section
        5.12 Publicly
        Registered Certificates.

      

      The
        Class
        B Holder agrees, that without the prior written consent of the Company, so
        long
        as the Class B Holder is a party to this Agreement and a holder of any Class
        B
        Certificates of a Series, no employee of the Class B Holder who has had access
        to non-public information with respect to that Series will be involved in
        the
        investment decision process in connection with any purchase, sale or trade
        of
        any publicly registered Certificates of the same Series.

      

      Section
        5.13 No
        Partnership.

       

      

      
        
          
             

          

          
            18

            
              

            

          

          
             

          

        

      

       

      
        Nothing
          herein shall be deemed or construed to create a partnership or joint venture
          between the parties hereto and the services of the Company shall be rendered
          as
          an independent contractor and not as an agent for the Company.

        

        Section
          5.14 Class
          B Certificates Subject to Repurchase Arrangements.

        

        The
          Company hereby acknowledges that the Class B Holder is the beneficial owner
          of
          certain Class B Certificates which are subject to repurchase agreements
          or other
          financing arrangements with one or more counterparties (each a "Repo
          Counterparty"), with such counterparties being the owner of record of such
          Class
          B Certificates (such Class B Certificates subject to a repurchase agreement
          or
          other financing arrangement, the "Repo
          Class B Certificates").
          With
          respect to each Series of Repo Class B Certificates, upon the satisfaction
          of
          the conditions precedent set forth below, the definition of Class B Certificates
          shall include, and the Special Servicing Agreement shall be effective with
          respect to, each such Repo Class B Certificate. 

        

        This
          Special Servicing Agreement shall become effective and be deemed effective
          with
          respect to each Series of Repo Class B Certificate as of the effective
          date
          described in
          Section 2.02(e) hereof relating to the effective date of additional Class
          B
          Securities, provided the Company shall have received the Consent of Record
          Owner, substantially in the form of Exhibit A attached hereto, relating
          to such
          Repo Class B Certificate executed by the applicable Repo Counterparty.
          

      

      

      Section
        5.15 Termination With Cause

      

      Upon
        Special Servicer’s failure to perform its obligations under this Agreement and
        in accordance with industry standards, the Company may terminate, any rights
        the
        Class B Holder and Special Servicer may have hereunder, as provided in this
        Section 5.15. Any such notice of termination shall be in writing and delivered
        to the Class B Holder and Special Servicer by registered mail as provided
        in
        Section 5.06. Special Servicer shall have 90 days after receipt of such notice
        to conform to industry standards. If Special Servicer fails to conform to
        industry standards within 90 days after the date of the termination notice,
        the
        termination shall be final.

      

      Section
        5.16 Termination Without Cause

      

      Notwithstanding
        anything to the contrary in this Agreement, the Company may terminate, at
        its
        sole option on not less than 180 business days’ notice, any rights the Class B
        Holder and Special Servicer may have hereunder, without cause as provided
        in
        this Section 5.16. Any such notice of termination shall be in writing and
        delivered to the Class B Holder and Special Servicer by registered mail as
        provided in Section 5.06.

      

       

      Section
        5.17 Regulation AB Reporting. 

      

      

      

      
        
          
             

          

          
            19

            
              

            

          

          
             

          

        

      

      
         

         

        The
          Special Servicer shall deliver to the Company or its designee all reports,
          servicer compliance statements and attestations as required pursuant to
          the
          terms of Regulation AB upon its effectiveness for Certificates issued on
          or
          after January 1, 2006.

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

        
          
             

          

          
            20

            
              

            

          

          
             

          

        

      

      IN
        WITNESS WHEREOF, each of the parties hereto have caused its name to be signed
        hereto by its respective officer thereunto duly authorized, all as of the
        day
        and year first above written.

      

      CITIMORTGAGE,
        INC. 

      

      
        	 	
                By:

              	
                /s/
                  William S. Felts

              

      

      
        	 	
                Name:

              	
                William
                  S. Felts 

              

      

      Title: Vice
        President

      

      

      

      CREDIT-BASED
        ASSET SERVICING AND

      SECURITIZATION
        LLC 

      

      
        	 	
                By:

              	
                /s/
                  Diane S. Westerback

              

      

      
        	 	
                Name:

              	
                Diane
                  S. Westerback

              

      

      Title: Vice
        President

      

      

      

      LITTON
        LOAN SERVICING LP

      

      
        	 	
                By:

              	
                /s/
                  Janice McClure

              

      

      
        	 	
                Name:

              	
                Janice
                  McClure

              

      

      Title: Senior
        Vice President

      

      

      

      

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

      

      SCHEDULE
        I

      

      

      Describe
        each Series of Class B Certificates and the related Pooling and Servicing
        Agreement

      

      

      Series  Pooling
        and Servicing Agreement  Percentage
        of Class Owned by Class B Holder

      

      

      

      

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

       

      

       

      Exhibit
        A

      CONSENT
        OF RECORD HOLDER

      

      

      

      [Insert
        Date]

      

      

      [Company]

      [Address]

      

      Attn:
        

      

      Credit-Based
        Servicing and Securitization LLC

      335
        Madison Avenue, 19th
        Floor

      New
        York,
        New York 10017

      

      Attn:
        General Counsel

      

      

      
        	
                Re:

              	
                [Insert
                  Description of Class B Certificate] (the "Repo Class B Certificate")
                  and
                  the Special Servicing Agreement dated as of _____________, by and
                  among
                  [Company], Credit-Based Asset Servicing and Securitization LLC
                  and
                  Litton
                  Loan Servicing LP (such agreement, as amended to date, the
                  "Agreement") 

              

      

      

      

      Ladies
        and Gentlemen:

      

      

      The
        undersigned, [Insert Name of Repo Counterparty] ("Repo Counterparty"), is
        the
        record owner of the Repo Class B Certificate pursuant to a repurchase agreement
        or other financing arrangement with Credit-Based Asset Servicing and
        Securitization LLC ("C-BASS"). As such, C-BASS is the beneficial owner of
        such
        Repo Class B Certificate, and unless and until the Repo Counterparty indicates
        otherwise in writing delivered to [Company], the Repo Counterparty hereby
        authorizes C-BASS to take any and all action C-BASS deems necessary, desirable
        or appropriate and permitted to be taken by the record owner of the Repo
        Class B
        Certificate under the Agreement, and to otherwise assume all rights and
        obligations of the record owner of the Repo Class B Certificate for all purposes
        under the Agreement. 

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      Capitalized
        terms used herein but not herein defined shall have the respective meaning
        ascribed to such term in the Agreement.

      

      [Insert
        Name of Repo Counterparty]

      

      
        	 	
                By:

              	
                 

              

      

      
        	 	
                Name:

              	
                 

              

      

      Title: 

      

      

      

      

      [Company]

      

      By:

      Name: 

      Title: 

      

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      

       

      Exhibit
        B

      

      Operational
        Requirements

      

      

      
        	 	
                1.)

              	
                Report
                  Date/Report Requirement.
                  Special Servicer Report Date to the Company or Trustee, as required
                  by the
                  applicable Pooling and Servicing Agreement “PSA”, shall be on or before
                  the 5th
                  calendar day of the related reporting month. The Special Servicer
                  shall
                  report to the Company as master servicer, as required by the applicable
                  PSA, on loans that are on the Special Servicer’s system as of the calendar
                  month end prior to such Report Date. Reports from Special Servicer
                  to
                  Company shall be in a complete data file and in a format acceptable
                  to
                  Company that the Company can use to meet the PSA reporting requirements
                  and shall be transmitted electronically to one recipient to be
                  designated
                  by the Company. Hard copy reports will also be provided. The reports
                  will
                  contain, as a minimum, the information reflected on Exhibit C.
                  

              

      

      
        	 	
                2.)

              	
                Remittance
                  Date.
                  The Special Servicer Remittance Date to the Company shall be on
                  or before
                  the 18th
                  calendar day of the related reporting month, or if the 18th
                  is
                  not a Business Day, the Business Day immediately preceding such
                  18th
                  day.

              

      

      
        	 	
                3.)

              	
                Loan
                  Transfer/Prior Month Report to Trust.
                  The Company shall provide the Special Servicer a copy of the previous
                  month’s report to trustee. The Company will provide this information
                  on
                  its website at www.citimortgagembs.com
                  on
                  each Distribution Date.

              

      

      :

      
        	 	
                4.)

              	
                Servicing
                  Fee.
                  The Special Servicer shall net its servicing fee on all collections
                  remitted to the Company. 

              

      

      
        	 	
                5.)

              	
                Loan
                  Transfer Wire and Advance Reconciliation.
                  Within 5 business days of the Special Servicer’s receipt of the computer
                  records required pursuant to Section 2.02, the Special Servicer
                  shall
                  remit to the Company as servicer, by wire transfer of immediately
                  available funds, an amount equal to the sum of the Delinquency
                  Advances
                  outstanding as of the Transfer Date, and the aggregate amount of
                  Servicing
                  Advances and Escrow Advances, net of any Positive Escrows. The
                  Special
                  Servicer and Company shall, within 15 business days following the
                  transfer
                  date, make such further monetary adjustments between them as shall
                  be
                  necessary to ensure the proper payment of the Advance Amount by
                  the
                  Special Servicer to the Company as servicer.

              

      

      
        	 	
                6.)

              	
                Servicer
                  Release Wire and Advance Reconciliation.
                  Within 5 business days of the Successor Servicer’s receipt of the computer
                  records required pursuant to Section 2.02, the Successor Servicer
                  shall
                  remit to the Special Servicer, by wire transfer of immediately
                  available
                  funds, an amount equal to the sum of the Delinquency Advances outstanding
                  as of the Transfer Date, and the aggregate amount of Servicing
                  Advances
                  and Escrow Advances, net of any Positive Escrows. The Servicer
                  and Special
                  Servicer shall, within 15 business days following the transfer
                  date, make
                  such further monetary adjustments between them as shall be necessary
                  to
                  ensure the proper payment of the Advance Amount

              

      

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

             
by
        the Servicer to the Special Servicer.

      
        	 	
                7.)

              	
                Servicing
                  Advance Reconciliation.
                  The Company shall provide the Special Servicer customary documentation
                  (electronic format or invoice with amount, type, and reason for
                  advance)
                  on all such Servicing Advances as described in #5 above. The Special
                  Servicer shall then reimburse any such reimbursable advances to
                  the
                  Company within five (5) business days of the Company’s presentation of
                  such supporting documentation to the Special Servicer ;provided
                  that, the
                  Special Servicer shall not reimburse Company for items such as
                  demand
                  letter fees, interest on advances, and any other similar
                  fees.

              

      

      
        	 	
                8.)

              	
                Life
                  of Loan Tax Contract.
                  The Company agrees to transfer life of loan tax contracts to the
                  Special
                  Servicer, provided that the tax service contracts are transferred
                  to the
                  Special Servicer at no cost. For mortgage loans without tax service
                  contracts, the Special Servicer may deduct from its remittance
                  to the
                  Company $50.00 per mortgage loan to purchase such tax service
                  contracts.

              

      

      
        	 	
                9.)

              	
                Flood
                  Certificates.
                  The Company agrees to transfer flood certificates to the Special
                  Servicer,
                  provided that the flood certificates are transferred to the Special
                  Servicer at no cost. For mortgage loans without a flood certificate,
                  the
                  Special Servicer may deduct from its remittance to the Company
                  $50.00 per
                  mortgage loan to purchase such flood certificate.
                  

              

      

      

      

      

       

      

       

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      Exhibit
        C

      

      ARTICLE
        I. Default Management Reports

       

      

      1.1
         Monthly
        Reports

       

      Each
        month on or before the fifth (5th)
        business day of the month, the Special Servicer shall provide to the Company
        for
        all Specially Serviced Mortgage Loans a status report which accurately reflects
        the default stage of the loan. The Special Servicer shall provide the reports
        listed below either in the form cited or in a format satisfactory to the
        Company.

      

      
        	 	
                1)

              	
                Delinquency
                  Status Report (Exhibit 1)

              

      

      
        	 	
                2)

              	
                Foreclosure
                  Notification (Exhibit 2)

              

      

      
        	 	
                3)

              	
                Foreclosure
                  Status Report (Exhibit 3)

              

      

      
        	 	
                4)

              	
                Bankruptcy
                  Status Report (Exhibit 4)

              

      

      
        	 	
                5)

              	
                Real
                  Estate Owned Status Report (Exhibit
                  5)

              

      

      

      If
        there
        has not been an activity during the month regarding any of the Specially
        Serviced Mortgage Loans, then such reports are not required, with the exception
        of the Delinquency Status Report which must be submitted monthly whether
        or not
        there has been activity. If there has not been any activity, please state
        that
        fact.

      

      Reports
        are to be forwarded to the following address or via fax:

      

      Citigroup,
        Inc

      Master
        Servicing Division

      Attn:
        Default Management

      4000
        Regent Blvd, MC: N3B-355 

      Irving
        ,
        TX 75063 

      Fax:
        469/220/1575 

      

      Upon
        request by the Company, the Special Servicer shall furnish any additional
        information in its possession requested by the Company that is reasonably
        necessary to protect the interests of the Company (including special reports
        or
        information not required by the terms of this Agreement or customarily reported
        by a Servicer).

      

      

      1.2
         Liquidation
        Reports

       

      Upon
        the
        foreclosure sale of any Mortgaged Property or the acquisition thereof by
        the
        Company pursuant to a deed-in-lieu, of foreclosure, the Special Servicer
        shall
        send to the Company within twenty-four (24) hours of such sale or acquisition,
        a
        Notice of Acquisition (NOA) in the form of 

      
 

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      

      Exhibit
        6. The Special Servicer shall file all appropriate claims and supporting
        documents and information to collect all available Insurance Proceeds with
        respect to the Mortgage Loan and Mortgaged Property.

      

      

      1.3
         Fees
        for
        Late, Inaccurate, or Poor Quality Reporting

       

      The
        Special Servicer shall pay to the Company a penalty fee for late submission
        of
        reports, or inaccurate reporting. Penalties will be assessed as (i) $100.00
        for
        the first occurrence with a maximum penalty of $1,000.00 in the aggregate,
        or
        (ii) $250.00 for the second occurrence with a maximum penalty of $1,000.00
        in
        the aggregate, or (iii) $500.00 for any occurrence thereafter, with a maximum
        penalty of $1,000.00 in the aggregate . The Special Servicer shall also pay
        to
        the Company a penalty fee for the submission of poor quality reports (such
        as
        the failure of the Special Servicer to send status reports or the failure
        to use
        Company’s Mortgage Loan numbers). The penalty for poor quality reports shall be
        calculated in accordance within (i), (ii), and (iii) above. The parties agree
        that this penalty schedule represents a reasonable estimate of the costs
        incurred by the Company for late, inaccurate or poor quality
        reports.

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