Document:

Ex 10.4 Q1 2012 Mgmt Perf Plan

Summary Description
Management Performance Plan 2012 Payable 2013
Effective January 1, 2012

Objective

The objective of the Management Performance Plan is to provide incentive payments to employees of FBL Financial Group, Inc. with a salary grade of 45 or higher, in the form of an annual cash payment, for the achievement of a predetermined set of corporate goals. The goals may apply to operations and results of the entire enterprise or may apply to a segment of the business or the operations. Payment of cash incentives pursuant to achievement of the goals will be subject to FBL Financial Group, Inc. and the Farm Bureau Property & Casualty Company meeting triggers as approved by the Management Development and Compensation Committee. Triggers may relate to profitability, stability, positive surplus and levels of capital, among other matters, and may be applied across the Company or by defined groups within the company. In addition, the Management Development and Compensation Committee retains negative discretion to limit or eliminate payment of cash incentives to any or all Tiers, Groups, segments, teams or individuals in its sole discretion. 

Administration 

The Management Performance Plan is approved annually by the Board of Directors through the Management Development and Compensation Committee. The program will be administered under the sponsorship of the company's Goals Committee, to consist of the FBL Executive Management Team, subject to oversight of the Management Development and Compensation Committee. FBL management shall have the authority to make decisions respecting the interpretation of the plan that do not have a material impact on the total amount paid or that would result in the non-deductibility of any payments.
 
Corporate Goals

Each plan year, the Board of Directors through the Management Development and Compensation Committee will authorize a set of corporate goals as the measure of performance necessary to receive the cash incentive. The performance goals will focus on key metrics for growth, efficiency and profitability. The goals and weighting of goals may differ for various business segments, teams or individuals within the overall Company, as deemed appropriate by the Management Development and Compensation Committee.

There will be three Goal Groups for 2012: Property & Casualty, Farm Bureau Life  and Corporate. Each of the Goal Groups will have goals specific to their business unit. Except for the Corporate Goal Group and members of the FBL Management Team, 50% of each Goal Group's goals will be based on the overall corporate goals. The overall corporate goal shall be 100% of the goals for the Corporate Goal Group and members of FBL Management Team. All other eligible employees (salary grade 45 or higher) will be put into Goal Groups based on the discretion of management. Once an employee is placed in a Goal Group, the employee will remain in that Goal Group for the entire year, even if they move to a different business unit during the year. The Goal Groups for 2012 will be determined as of March 1, 2012.

Attainment of Goals

Each goal will be measured separately in the determination of the attainment level and attainment must be verified by internal audit. The actual value assigned to each goal (which determines the cash incentive 

eligible to employees) depends on the level of achievement of each corporate goal. 

Eligible employees are divided into Tiers based upon salary grade as shown below. If 75 percent or more of a goal is achieved, then its actual value can range from 50 percent to 200 percent of the base value, depending on the level of attainment.

Threshold - The minimum level of achievement at which a cash incentive is provided.        
50% of base value paid at Threshold level
Target - The level of achievement that is targeted for each goal.
100% of base value paid at Target level
Cap - The level of achievement at or above which the maximum cash incentive is provided.
200% of base value paid at Cap level

Tiers and base salary target

Tier I (Salary Grade 53 and higher) 60% of base salary
Tier II (Salary Grade 52) 45% of base salary
Tier III (Salary Grade 51) 40% of base salary
Tier IV (Salary Grade 50) 33% of base salary
Tier V (Salary Grade 45) 20% of base salary

With respect to individual employees or groups of employees, the Chief Executive Officer is authorized to make decisions regarding administration of the plan that are needed as the result of employees moving from one Tier to another (either up, or down) or reclassification of existing positions.

Eligible Participants

Participation in the Management Performance Plan includes full-time, salary grade 45 and above employees of FBL Financial Group, Inc. who are classified as active employment status as of the last working day of the plan year. The plan does not cover employees participating in an employee incentive plan, crop insurance incentive plan or any other non-equity incentive-eligible program. The following rules shall be considered in the determination of eligibility of any employee or class of employees.
	
		
	1
	Part-time or high-time, salary grade 45 and above employees of FBL Financial Group, Inc. are not eligible to participate in the Management Performance Plan.

	
		
	2
	Agents, Agency Managers, temporary employees, independent contractors, per diem adjusters, and leased employees are not eligible to participate in the Management Performance Plan.

	
		
	3
	For employees who transfer from full-time, grade 45+ to part-time or high-time during the year, the cash incentive will be prorated based upon completed service as an eligible employee during the plan year. For employees who transfer from full-time, grade 45+ to temporary, all rights to a cash incentive will be forfeited.

	
		
	4
	Cash incentive payments for eligible newly hired employees or current employees who become eligible for the Management Performance Plan during the plan year will be prorated based upon completed service as an eligible employee during the plan year.

	
		
	5
	In the event an employee's active employment terminates prior to the last working day of the plan year by reason of retirement, reduction in complement, transfer to Farm Bureau agent or Agency Manager status, company transfer to a multi-line state Farm Bureau affiliate, military leave, permanent disability, or death, the cash incentive payment will be prorated based upon completed service as an eligible employee during the plan year, assuming all other criteria have been met.

	
		
	6
	Payment for deceased employee's cash incentive pay will be made to the beneficiary on record for group life insurance, if living; otherwise to surviving spouse, if living; otherwise to employee's estate.

	
		
	7
	In the event an employee's active employment terminates prior to the last working day 
of the plan year for any other reason not included in bullet #5, all rights to a cash 
incentive will be forfeited.

Participation in the Management Performance Plan does not guarantee employment, nor does participation at any time guarantee ongoing participation. In addition, the Management Development and Compensation Committee retains negative discretion to limit or eliminate payment of cash incentives to any or all Tiers, Groups, segments, teams or individuals in its sole discretion.

Base Salary

Cash incentive payments are made based on a percentage of the participant's base salary, based on the level of achievement of corporate goals as determined by the Management Development and Compensation Committee. For this purpose, base salary consists of the employee's regular monthly rate of pay, including any retro pay adjustments, during the plan year. Cash payments for unused vacation at termination are not included in base salary.

Payments of Cash Incentives 

Subject to the negative discretion of the Management Development and Compensation Committee to limit or eliminate payment of cash incentives, payments will be made annually to each eligible participant, subject to the attainment level of the goals, on or before March 15 for the prior plan year. For example, payment based upon attainment of 2012 goals will be made no later than March 15, 2013.

Cash incentive payments made under the Management Performance Plan are considered compensation for purposes of calculating group life, accidental death & dismemberment, and disability income benefits. In addition, this cash incentive payment will be included in the calculation of retirement benefits. 

Cash incentive payments will be made in a single, separate, lump sum payment and are subject to federal and state taxes. Cash incentive payments may also be subject to court-ordered child support, garnishments, wage assignments and tax levies. Cash incentive payments are not subject to voluntary payroll deductions, including but not limited to 401(k) loan payments, United Way, insurance premium and flex deductions. Cash incentive payments for active employees are eligible for the 401(k) deduction and 401(k) match provision.

Employees Grade 50 and above may elect to defer cash incentive payments in accordance with all terms and conditions of the FBL Financial Group, Inc. Executive Salary and Bonus Deferred Compensation Plan.Exhibit 10.8

 

Execution Copy

 

 

 

SALE SUPPLEMENT

dated as of May 1, 2012

between

OCWEN LOAN SERVICING, LLC, as Seller,

and

HLSS HOLDINGS, LLC, as Purchaser

 

     

     

    
 

Table
of Contents

 

 

	 	 	Page
	 	 	 
	ARTICLE 1	DEFINITIONS; ReFerence to MASTER SERVICING RIGHTS PURCHASE AGREEMENT	1
	 	1.1	Definitions	1
	 	1.2	Reference to the Master Servicing Rights Purchase Agreement	7
	ARTICLE 2	PURCHASE AND SALE OF SERVICING RIGHTS AND RIGHTS TO MSRS;  Assumed Liabilities	7
	 	2.1	Assignment and Conveyance of Rights to MSRs	7
	 	2.2	Automatic Assignment and Conveyance of Servicing Rights	7
	 	2.3	MSR Purchase Price	8
	 	2.4	Assumed Liabilities and Excluded Liabilities	8
	 	2.5	Remittance of Servicing Fees and Related Amounts	9
	 	2.6	Payment of Estimated Purchase Price	10
	ARTICLE 3	Purchase and Sale of Servicing Advance receivables	10
	 	3.1	Assignment and Conveyance of Servicing Advance Receivables	10
	 	3.2	Servicing Advance Receivables Purchase Price	11
	 	3.3	Servicing Advances	11
	 	3.4	Reimbursement of Servicing Advances	11
	ARTICLE 4	REPRESENTATIONS AND WARRANTIES OF SELLER	12
	 	4.1	General Representations	12
	 	4.2	Title to Transferred Assets	12
	 	4.3	Right to receive Servicing Fees	12
	 	4.4	Servicing Agreements and Underlying Documents	12
	 	4.5	Mortgage Pool Information, Related Matters	12
	 	4.6	Enforceability of Servicing Agreements	13
	 	4.7	Compliance With Servicing Agreements	13
	 	4.8	No Recourse	14
	 	4.9	The Mortgage Loans	14
	 	4.10	Servicing Advance Receivables	16
	 	4.11	Servicing Agreement Consents and Other Third Party Approvals	16
	 	4.12	Servicing Advance Financing Agreements	16

 

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Table
of Contents

(continued)

 

	 	 	Page
	 	 	 	 
	 	4.13	Anti-Money Laundering Laws	16
	 	4.14	Servicer Ratings	16
	 	4.15	Eligible Servicer	16
	 	4.16	HAMP	16
	ARTICLE 5	Conditions precedent	17
	 	5.1	Conditions to the Purchase of the Rights to MSRs and the Advance SPEs	17
	ARTICLE 6	SERVICING MATTERS	18
	 	6.1	Seller as Servicer	18
	 	6.2	Servicing	18
	 	6.3	Collections from Obligors and Remittances	18
	 	6.4	Servicing Practices	19
	 	6.5	Servicing Reports	19
	 	6.6	Escrow Accounts	19
	 	6.7	Notices and Financial Information	19
	 	6.8	Defaults under Deferred Servicing Agreements	19
	 	6.9	Continuity of Business	20
	 	6.10	Optional Termination or Clean Up Calls	20
	 	6.11	Amendments to Deferred Servicing Agreements; Transfer of Servicing Rights	20
	 	6.12	Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights	20
	 	6.13	Termination Event	21
	 	6.14	Servicing Transfer	21
	 	6.15	Incorporation of Provisions from Subservicing Agreement	21
	ARTICLE 7	Seller Servicing fees; costs and expenses	21
	 	7.1	Seller Monthly Servicing Fee	21
	 	7.2	Performance Fee	21
	 	7.3	Costs and Expenses	22
	 	7.4	Ancillary Income	22
	 	7.5	Calculation and Payment	22
	 	7.6	No Offset	22
	 	7.7	Servicing Fee Reset Date	23

 

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Table
of Contents

(continued)

 

	 	 	Page
	 	 	 
	ARTICLE 8	Indemnification	23
	 	8.1	Seller Indemnification of Purchaser	23
	 	8.2	Purchaser Indemnification of Seller	24
	 	8.3	Indemnification Procedures	24
	 	8.4	Tax Treatment	25
	 	8.5	Survival	25
	 	8.6	Additional Indemnification	25
	 	8.7	Specific Performance	25
	ARTICLE 9	Grant of Security Interest	26
	 	9.1	Granting Clause	26
	ARTICLE 10	Miscellaneous Provisions	27
	 	10.1	Further Assurances	27
	 	10.2	Compliance with Applicable Laws; Licenses	27
	 	10.3	Merger, Consolidation, Etc.	27
	 	10.4	Annual Officer’s Certificate	27
	 	10.5	Accounting Treatment	28
	 	10.6	Incorporation	28
	 	10.7	Third Party Beneficiaries	28

 

	Exhibit A	Form of Monthly Remittance Report
	 	 
	Schedule I	Servicing Agreements
	Schedule II	Underlying Documents
	Schedule III	Retained Servicing Fee Percentage
	Schedule IV	Target Ratio
	Schedule V	Valuation Percentage
	Schedule VI	Amortization Percentage

 

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SALE SUPPLEMENT

This
Sale Supplement, dated as of May 1, 2012 (this “Sale Supplement”), is between Ocwen Loan Servicing, LLC, a
Delaware limited liability company (“Seller”), and HLSS Holdings, LLC, a Delaware limited liability company
(“Purchaser”):

WITNESSETH:

WHEREAS,
Seller and Purchaser are parties to that certain Master Servicing Rights Purchase Agreement, dated as of February 10, 2012 (the
“Agreement”), with respect
to the sale by Seller and the purchase by Purchaser of the Servicing Rights and other assets; and

WHEREAS,
Seller and Purchaser desire to enter into the transactions described in the Agreement as supplemented by this Sale Supplement;

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in consideration
of the mutual covenants herein contained, the parties hereto hereby agree as follows:

ARTICLE
1

DEFINITIONS; ReFerence to MASTER SERVICING RIGHTS PURCHASE AGREEMENT

1.1
Definitions. (a) For purposes of this Sale Supplement, the following capitalized terms shall have the respective meanings
set forth or referenced below:

“Additional
Servicing Advance Receivable”: As defined in Section 3.1.

“Advance
SPEs”: Each of HomEq Servicer Advance Facility Transferor, LLC, a Delaware limited liability company, and HomEq Servicer
Advance Receivables Trust 2010-ADV1, a Delaware statutory trust.

“Amortization
Percentage”: For each calendar month following the Closing Date, the percentage set forth on Schedule VI to this
Sale Supplement for such calendar month.

“Assumed
Liabilities”: As defined in Section 2.4.

“Book
Value” means, with respect to the Rights to MSRs related to any Deferred Servicing Agreement, as of a specified date, an
amount equal to the amortized book value of such Rights to MSRs on Purchaser’s financial statements as of such date.

“Closing
Date”: May 1, 2012; provided that, with respect to Section 5.3 of the Agreement, the Closing Date shall be the related
Servicing Transfer Date.

“Closing
Statement”: The statement delivered by Seller to Purchaser on the Closing Statement Delivery Date setting forth the good
faith calculation of the Estimated Purchase Price.

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“Closing
Statement Delivery Date”: The Closing Date, unless otherwise agreed by Seller and Purchaser.

“Consent
Period”: For each Deferred Servicing Agreement and each related Deferred Servicing Right, the period, if any, from and including
the Closing Date to and including the related Servicing Transfer Date.

“Cut-off
Date”: April 30, 2012, or such other date as is agreed by Seller and Purchaser.

“Deferred
Mortgage Loan”: A mortgage loan subject to a Deferred Servicing Agreement.

“Deferred
Servicing Agreement”: As of any date of determination, each Servicing Agreement that is not a Transferred Servicing Agreement
on such date. For avoidance of doubt, on the Closing Date each Servicing Agreement is a Deferred Servicing Agreement.

“Deferred
Servicing Right”: As of any date of determination, each Servicing Right arising under a Servicing Agreement that is a Deferred
Servicing Agreement on such date.

“Excess
Servicing Advances”: For any calendar month, the amount, if any, by which the outstanding Servicer Advances with respect
to the Servicing Agreements as of the last day of such calendar month exceeds an amount equal to (a) the Target Ratio for such
calendar month multiplied by (b) the unpaid principal balance of the Mortgage Loans subject to the Servicing Agreements as of
the last day of such calendar month.

“Excluded
Liabilities”: As defined in Section 2.4(c).

“Fannie
Mae”: As defined in the Subservicing Agreement.

“Indemnified
Person”: A Purchaser Indemnified Party or a Seller Indemnified Party, as the case may be.

“Indemnifying
Person”: The Seller pursuant to Section 8.1 or the Purchaser pursuant to Section 8.2, as the case may be.

“Initial
Servicing Advance Receivable”: As defined in Section 3.1.

“Investor”:
With respect to any Securitization Transaction, any holder or other beneficial owner of any securities issued by the related Trust.

“Liability”:
As defined in Section 8.1.

“Monthly
Reporting Date”: With respect to each Servicing Agreement, the date specified as the “Monthly Reporting Date”
in Schedule I to this Sale Supplement.

“Monthly
Remittance Report”: With respect to each Deferred Servicing Agreement, a report substantially in the form attached as Exhibit
A to this Sale Supplement or in such other form as may be agreed to by Seller and Purchaser from time to time.

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“Monthly
Servicing Fee”: For each calendar month, the Base Subservicing Fee (as defined in the Subservicing Supplement) for such
calendar month together with the Seller Monthly Servicing Fee for such calendar month.

“Monthly
Servicing Oversight Report”: A report with respect to all of the Deferred Servicing Agreements and related Mortgage Loans
in such form as may be agreed to by Seller and Purchaser from time to time.

“MSR
Purchase Price”: For each Servicing Agreement, an amount equal to the product of (i) the Valuation Percentage for such Servicing
Agreement and (ii) the aggregate unpaid principal balance of the Mortgage Loans subject to such Servicing Agreement as of the
Closing Date.

“P&I
Advance”: As defined in the Subservicing Agreement.

“Performance
Fee”: As defined in Section 7.2.

“Purchaser
Indemnified Party”: As defined in Section 8.2.

“Purchase
Price”: The sum of (a) the aggregate MSR Purchase Price for all of the Servicing Agreements and (b) the aggregate Servicing
Advance Receivables Purchase Price for any Initial Servicing Advance Receivables.

“Retained
Servicing Fee”: For any calendar month, an amount equal to the sum of (a) the product of the Retained Servicing Fee Percentage
for such calendar month and the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements
and the Transferred Servicing Agreements during such calendar month and (b) the Retained Servicing Fee Shortfall, if any, for
the immediately prior calendar month.

“Retained
Servicing Fee Percentage”: For any calendar month, the percentage set forth on Schedule III to this Sale Supplement.

“Retained
Servicing Fee Shortfall”: For any calendar month, beginning in May 2012, an amount equal to the excess, if any, of (a) the
Retained Servicing Fee for such calendar month over (b) the excess, if any, of (x) the aggregate Servicing Fees actually received
by Purchaser with respect to the Deferred Servicing Agreements and pursuant to the Transferred Servicing Agreements during such
calendar month (whether directly pursuant to such Transferred Servicing Agreements or pursuant to this Sale Supplement) over (y)
the Monthly Servicing Fee for such calendar month.

“Rights
to MSRs”: For each Servicing Agreement, each of the following assets:

(a)
all Servicing Fees payable to Seller as of or after the Closing Date under such Servicing Agreement and the right to receive
all Servicing Fees accruing and payable as of or after the Closing Date under such Servicing Agreement;

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(b)
the right to receive any investment income earned on amounts on deposit in any Custodial Account or Escrow Account related to
such Servicing Agreements as of or after the Closing Date;

(c)
the right to purchase the Servicing Rights pursuant to Section 2.2 of this Sale Supplement; and

(d)
any proceeds of any of the foregoing.

“Sale
Date”: For each Servicing Advance Receivable, the date on which such Servicing Advance Receivable is transferred to Purchaser
pursuant to Section 3.1.

“Seller
Indemnified Party”: As defined in Section 8.1.

“Seller
Monthly Servicing Fee”: As defined in Section 7.1.

“Servicing
Advance Financing Agreements”: Each of that certain Amended and Restated Indenture, dated as of the Closing Date, among
HomEq Servicer Advance Receivables Trust 2010-ADV1, as issuer, Deutsche Bank National Trust Company, as indenture trustee, calculation
agent, paying agent and securities intermediary, Purchaser, as administrator and servicer, Seller, as servicer and as a subservicer,
and Barclays Bank plc, as administrative agent, and each other “Transaction Document” as such term is defined therein,
in each case as the same may be amended from time to time.

“Servicing
Advance Payment Date”: (a) For any Initial Servicing Advance Receivable, the Closing Date and (b) for any Additional Servicing
Advance Receivable, the Funding Date (as defined in the Servicing Advance Financing Agreement) for such Additional Servicing Advance
Receivable.

“Servicing
Advance Receivable”: For each Servicer Advance, the right to receive reimbursement for such Servicer Advance under the Servicing
Agreement pursuant to which such Servicer Advance was made.

“Servicing
Advance Receivable Purchase Price”: With respect to each Servicing Advance Payment Date, for each Servicing Advance Receivable,
the outstanding amount that is reimbursable under the related Servicing Agreement with respect to such Servicing Advance Receivable
as of such Servicing Advance Payment Date.

“Servicing
Agreement”: Each of the servicing agreements described on Schedule I and each of the Underlying Documents described
on Schedule II governing the rights, duties and obligations of Seller as servicer under such agreements.

“Servicing
Fee Reset Date”: The date which is six (6) years after the Closing Date.

“Servicing
Rights Assets”: As defined in Section 2.2.

“Servicing
Transfer Date”: With respect to each Servicing Agreement, the date on which all of the Third Party Consents related to such
Servicing Agreement necessary to transfer the related Servicing Rights to Seller are received or such later date mutually agreed
to by Seller and Purchaser.

“Special
Damages”: As defined in Section 8.3(d).

“Subservicing
Agreement”: That certain Master Subservicing Agreement, dated as of February 10, 2012, between the Seller, as subservicer,
and the Purchaser, as servicer, as the same may be amended, amended and restated, supplemented or otherwise modified from time
to time.

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“Subservicing
Supplement”: That certain Subservicing Supplement, dated as of May 1, 2012, between the Seller, as subservicer, and the
Purchaser, as servicer, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

“Summary
Schedule”: As defined in Section 4.5(a).

“Target
Ratio” for each calendar month shall mean the amount specified in Schedule IV with respect to such month.

“Termination
Event” means the occurrence of any one or more of the following events (whatever the reason for the occurrence of such event
and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order
of any court or any order, rule or regulation of any administrative or governmental body):

(a) Seller
fails to remit any payment required to be made under the terms of this Sale Supplement (to the extent not resulting solely from
Purchaser failing to purchase a Servicing Advance Receivable required to be purchased by Purchaser under this Sale Supplement),
which continues unremedied for a period of one (1) Business Day after the date on which written notice of such failure shall have
been given by Purchaser to Seller;

(b)
Seller fails to deliver any required information or report that is complete in all material respects as required pursuant to
this Sale Supplement in the manner and time frame set forth herein, which failure continues unremedied for a period of two
(2) Business Days after the date on which written notice of such failure shall have been given to Seller by Purchaser;

(c)
Seller fails to observe or perform in any material respect any other covenant or agreement of Seller set forth in the
Agreement or this Sale Supplement, which failure continues unremedied for a period of thirty (30) days after the date on
which written notice of such failure shall have been given to Seller by Purchaser; provided however, in the event that any
such default is incurable by its own terms, a Termination Event shall be deemed to occur immediately hereunder without regard
to the thirty (30) day cure period set forth above;

(d)
a material breach by Seller of any representation and warranty made by it in the Agreement or this Sale Supplement, which
breach continues unremedied for a period of thirty (30) days after the date on which written notice of such failure shall
have been given to Seller by Purchaser; provided, however, in the event that any such default is incurable by its own terms,
a Termination Event shall be deemed to occur immediately hereunder without regard to the thirty (30) day cure period set
forth above;

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(e)
Seller fails to maintain residential primary servicer ratings for subprime loans of at least “Average” by
Standard & Poor’s Rating Services, a division of Standards & Poor’s Financial Services LLC (or its
successor in interest), “SQ3” by Moody’s Investors Service, Inc. (or its successor in interest) and
“RPS4+” and “RSS4+” by Fitch Ratings (or its successor in interest);

(f)
Seller ceases to be a Fannie Mae, Freddie Mac or FHA approved servicer;

(g)
the occurrence of a Material Adverse Event;

(h)
any of the conditions specified in the applicable “Servicer Default”, “Servicer Event of Default,”
“Event of Default,” “Servicing Default” or “Servicer Event of Termination” or similar
sections of any Deferred Servicing Agreement or any related Underlying Document shall have occurred with respect to Seller
for any reason not caused by Purchaser (other than as a result of any delinquency or loss trigger which was already triggered
as of the Closing Date with respect to such Deferred Servicing Agreement); provided that Seller shall be entitled to any
applicable cure period set forth in such Deferred Servicing Agreement or Underlying Document;

(i)
a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or
receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against Seller and such decree or
order shall have remained in force undischarged or unstayed for a period of thirty (30) days;

(j)
Seller shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy,
readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to Seller or of or relating
to all or substantially all of its property; or

(k)
Seller shall admit in writing its inability to pay its debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or
voluntarily suspend payment of its obligations.

“Third-Party
Claim”: As defined in Section 8.3(b).

“Transferred
Assets”: The Rights to MSRs and the Transferred Servicing Rights.

“Transferred
Receivables Assets”: As defined in Section 3.1.

“Transferred
Servicing Agreement”: As of any date of determination, a Servicing Agreement with respect to which the related Servicing
Rights have been transferred to Purchaser pursuant to Section 2.2 of this Sale Supplement or to its designee in accordance
with the terms of this Sale Supplement on or prior to such date. For the avoidance of doubt, on the Closing Date no Servicing
Agreement is a Transferred Servicing Agreement.

“Transferred
Servicing Rights”: As of any date of determination, any Servicing Rights that have been transferred to Purchaser pursuant
to Section 2.2 of this Sale Supplement on or prior to such date.

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“UCC”:
As defined in Section 3.1.

“Valuation
Percentage”: For each Servicing Agreement, the valuation percentage for such Servicing Agreement as set forth in Schedule
V hereto.

(b)
Any capitalized term used but not defined in this Sale Supplement shall have the meaning assigned to such term in the
Agreement.

1.2 Reference
to the Master Servicing Rights Purchase Agreement. Each of Seller and Purchaser agrees that (a) this Sale Supplement is
a “Sale Supplement” executed pursuant to Section 2.1 of the Agreement, (b) the terms of this Sale
Supplement are hereby incorporated into the Agreement with respect to the Servicing Agreements and the related Mortgage Loans
to the extent set forth therein and herein, and (c) the terms of this Sale Supplement apply to the Servicing Agreements
specified herein and not to any other “Servicing Agreement” as that term is used in the Agreement. In the event
of any conflict between the provisions of this Sale Supplement and the Agreement, the terms of this Sale Supplement shall
prevail.

ARTICLE
2

PURCHASE AND SALE OF SERVICING RIGHTS AND RIGHTS TO MSRS; Assumed Liabilities

2.1 Assignment
and Conveyance of Rights to MSRs. 

(a)
As of the Closing Date, subject to the terms and conditions set forth in the Agreement and this Sale Supplement, Seller does
hereby sell, convey, assign and transfer to Purchaser, without recourse except as provided herein, free and clear of any
Liens, all of its right, title and interest in and to all of the Rights to MSRs for each of the Servicing Agreements.

(b)
On and after the Closing Date, Purchaser shall be obligated to maintain a complete and accurate list of Servicing Agreements
that are Deferred Servicing Agreements and Transferred Servicing Agreements, as the same shall be amended and modified from
time to time in connection with Deferred Servicing Agreements becoming Transferred Servicing Agreements as contemplated by
the terms and provisions of this Sale Supplement. The list of Deferred Servicing Agreements and Transferred Servicing
Agreements maintained by Purchaser under this Section 2.1(b) shall be (x) available for inspection by Seller at any
time during normal business hours and (y) presumed to be accurate absent manifest error on the part of Purchaser.

2.2 Automatic
Assignment and Conveyance of Servicing Rights. As of the Servicing Transfer Date with respect to each Servicing
Agreement, Seller does hereby sell, convey, assign and transfer to Purchaser, without recourse except as provided herein,
free and clear of any Liens, without further action by any Person, all of its right, title and interest in and to the
following assets (the “Servicing Rights Assets”):

(a)
the Servicing Rights in respect of all of the Mortgage Loans and REO Properties related to such Servicing Agreement, in each
case together with all related security, collections and payments thereon and proceeds of the conversion, voluntary or
involuntary of the foregoing;

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(b)
all Ancillary Income and Prepayment Interest Excess received as of or after the related Servicing Transfer Date under such Servicing
Agreements and any rights to exercise any optional termination or clean-up call provisions under such Servicing Agreements;

(c)
all Custodial Accounts and Escrow Accounts related to such Servicing Agreement and amounts on deposit therein;

(d)
all files and records in Seller’s possession or control, including the related Database, relating to the Servicing Rights
Assets specified in clauses (a), (b) and (c);

(e)
all causes of action, lawsuits, judgments, claims, refunds, choses in action, rights of recovery, rights of set-off, rights of
recoupment, demands and any other rights or claims of any nature, whether arising by way of counterclaim or otherwise, available
to or being pursued by Seller to the extent related exclusively to such Servicing Rights Assets and/or the Assumed Liabilities;
and

(f)
any proceeds of any of the foregoing.

2.3 MSR
Purchase Price. Subject to the conditions set forth in this Sale Supplement and the Agreement, as consideration for the
purchase of the Rights to MSRs and the Servicing Rights Assets, Purchaser shall pay the MSR Purchase Price for each Servicing
Agreement to Seller. 

2.4 Assumed Liabilities and Excluded Liabilities. 

(a)
Upon the terms and subject to the conditions set forth herein and in the Agreement, Purchaser shall assume, (i) prior to the Servicer
Transfer Date for each Servicing Agreement, and solely as between Purchaser and Seller, all of the duties, obligations and liabilities
of Seller (other than the Excluded Liabilities), as servicer but subject to such Servicing Agreements, and provided that Seller
will continue to act as the servicer as set forth herein and in no event shall Purchaser be a subservicer, subcontractor or servicer
within the meaning of a Servicing Agreement prior to the related Servicing Transfer Date and (ii) as of or after the Servicing
Transfer Date for each Servicing Agreement, all of the duties, obligations, and liabilities of Seller (other than the Excluded
Liabilities) as servicer accrued and pertaining solely to the period from and after such Servicing Transfer Date relating to the
Servicing Rights that are subject to such Servicing Agreement (the “Assumed Liabilities”).

(b)
Purchaser hereby agrees to act as servicer under each Servicing Agreement following the related Servicing Transfer Date and
assumes responsibility for the due and punctual performance and observance of each covenant and condition to be performed or
observed by the servicer under the applicable Servicing Agreement, including the obligation to service each Mortgage Loan in
accordance with the terms of the related Servicing Agreement; provided, however,
that the parties hereto acknowledge and agree that neither Purchaser nor any successor servicer assumes any liabilities of
Seller, or any obligations of Seller relating to any period of time prior to the applicable Servicing Transfer Date. Seller
hereby acknowledges that neither this Sale Supplement nor the Agreement limits or otherwise releases it from its liabilities
for its acts or omissions as the servicer under the Servicing Agreements prior to the related Servicing Transfer Date.
Purchaser hereby acknowledges that Seller shall have no further obligation as servicer under any of the Servicing Agreements
on and after the related Servicing Transfer Date, except to the extent set forth in this Sale Supplement, the Agreement, the
Subservicing Agreement and the Subservicing Supplement.

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(c)
Notwithstanding anything to the contrary contained herein, Purchaser does not assume any duties, obligations or liabilities of
any kind, whether known, unknown, contingent or otherwise, (i) not relating to the Transferred Servicing Rights or the Assumed
Liabilities, (ii) attributable to any acts or omissions to act taken or omitted to be taken by Seller (or any of its Affiliates,
agents, contractors or representatives, including, without limitation, any subservicer of the Mortgage Loans) prior to the applicable
Servicing Transfer Date, (iii) attributable to any actions, causes of action, claims, suits or proceedings or violations
of law or regulation attributable to any acts or omissions to act taken or omitted to be taken by Seller (or any of its Affiliates,
agents, contractors or representatives, including, without limitation, any subservicer of the Mortgage Loans) prior to the applicable
Servicing Transfer Date or (iv) relating to any representation and warranty made by Seller or any of its Affiliates with respect
to the related Mortgage Loans or the Transferred Assets (the “Excluded Liabilities”). Without limiting the
generality of the foregoing, it is not the intention that the assumption by Purchaser of the Assumed Liabilities shall in any
way enlarge the rights of any third parties relating thereto. Nothing contained in the Agreement or this Sale Supplement shall
prevent any party hereto from contesting matters relating to the Assumed Liabilities with any third party obligee.

(d)
From and after the related Servicing Transfer Date, except as otherwise provided for in Section 8.3 of this Sale
Supplement, (i) Purchaser shall have complete control over the payment, settlement or other disposition of the Assumed
Liabilities and the right to commence, control and conduct all negotiations and proceedings with respect thereto, subject to
the terms of the related Servicing Agreements and (ii) Seller shall have complete control over the payment, settlement
or other disposition of the Excluded Liabilities and the right to commence, control and conduct all negotiations and
proceedings with respect thereto. Except as otherwise provided in this Sale Supplement, (i) Seller shall promptly notify
Purchaser of any claim made against Seller with respect to the Assumed Liabilities or the Transferred Assets and shall not
voluntarily make any payment of, settle or offer to settle, or consent or compromise or admit liability with respect to, any
Assumed Liabilities or Transferred Assets without the prior written consent of Purchaser and (ii) Purchaser shall
promptly notify Seller of any claim made against Purchaser with respect to the Excluded Liabilities and shall not voluntarily
make any payment of, settle or offer to settle, or consent or compromise or admit liability with respect to, any Excluded
Liabilities without the prior written consent of Seller.

2.5 Remittance of Servicing Fees and Related Amounts. 

(a)
Seller shall, to the extent permitted under any Deferred Servicing Agreement cause any Servicing Fees and, to the extent
Seller is permitted to retain such amounts under the related Servicing Agreement, any investment income earned on any amounts
or deposit in any Custodial Accounts and Escrow Accounts that are payable to Seller on or after the Closing Date under such
Deferred Servicing Agreement, to be deposited directly into Purchaser’s account in accordance with Purchaser’s
written directions. In any case, Seller shall within one (1) Business Day of the receipt thereof, remit to Purchaser any
Servicing Fees and, to the extent Seller is permitted to retain such amounts under the related Servicing Agreement, any
investment income earned on any amounts or deposit in any Custodial Accounts and Escrow Accounts that are received by Seller
under any Deferred Servicing Agreement after the Closing Date. Any such amounts shall be remitted in accordance with
Purchaser’s written directions.

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(b)
Seller shall exercise any rights under any Deferred Servicing Agreement to direct the investment of amounts in any Custodial Account
or Escrow Account in accordance with Purchaser’s directions and the terms of the related Deferred Servicing Agreement, the
related Mortgage Loan Documents and Applicable Law.

2.6 Payment
of Estimated Purchase Price. Subject to the conditions set forth in this Sale Supplement and the Agreement, Purchaser shall
pay the Estimated Purchase Price to Seller at the Closing. The Estimated Purchase Price shall be reconciled to the final Purchase
Price in accordance with Section 2.5 of the Agreement.

ARTICLE
3

Purchase and Sale of Servicing Advance receivables 

3.1
Assignment and Conveyance of Servicing Advance Receivables. Commencing on the Closing Date, and continuing until the
close of business on the earlier of the related Servicing Transfer Date or date of Seller’s termination as servicer pursuant
to such Servicing Agreement, subject to the terms and conditions set forth in the Agreement and this Sale Supplement, Seller hereby
sells, conveys, assigns and transfers to Purchaser, and Purchaser acquires from Seller, without recourse except as provided herein,
free and clear of any Liens, all of Seller’s right, title and interest, whether now owned or hereafter acquired, in, to
and under each Servicing Advance Receivable (i) in existence on the Closing Date that arose under the Servicing Agreements and
is owned by Seller as of the Closing Date, if any (the “Initial Servicing Advance Receivables”), (ii) in existence
on any Business Day on or after the Closing Date that arises under any Servicing Agreement prior to the earlier of the related
Servicing Transfer Date or date of Seller’s termination as servicer pursuant to such Servicing Agreement (“Additional
Servicing Advance Receivables”), and (iii) in the case of both Initial Servicing Advance Receivables and Additional
Servicing Advance Receivables, all monies due or to become due and all amounts received or receivable with respect thereto and
all proceeds (including “proceeds” as defined in the Uniform Commercial Code in effect in all applicable jurisdictions
(the “UCC”)), together with all rights of Seller to enforce such Initial Servicing Advance Receivables and
Additional Servicing Advance Receivables (collectively, the “Transferred Receivables Assets”). Until the related
Servicing Transfer Date, Seller shall, automatically and without any further action on its part, sell, assign, transfer and convey
to Purchaser, on each Business Day, each Additional Servicing Advance Receivable not previously transferred to Purchaser and Purchaser
shall purchase each such Additional Servicing Advance Receivable. The parties acknowledge and agree that so long as the Servicing
Advance Receivables with respect to a Servicing Agreement are being sold by Purchaser to the Advance SPEs pursuant to the Servicing
Advance Financing Agreements, the sale of such Servicing Advance Receivables by Seller to Purchaser shall be made pursuant to
and in accordance with the provisions of the Servicing Advance Financing Agreements, and Seller covenants and agrees to comply
with the provisions of such Servicing Advance Financing Agreements with respect to such Servicing Advance Receivables.

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3.2 Servicing
Advance Receivables Purchase Price. In consideration of the sale, assignment, transfer and conveyance to Purchaser of the
Servicing Advance Receivables and related Transferred Receivables Assets, on the terms and subject to the conditions set
forth in this Sale Supplement, Purchaser shall, on each related Servicing Advance Payment Date, pay and deliver to Seller, in
immediately available funds, a purchase price equal to the Servicing Advance Receivables Purchase Price for such Servicing
Advance Receivables sold on such date; provided that Seller shall have complied with the terms of Section 3.1
and Section 3.3 with respect to the related Servicing Advance Receivable. Subject to the proviso of the immediately
preceding sentence, to the extent any P&I Advances are required to be made under the terms of the Deferred Servicing
Agreements, as determined by Seller and set forth in the applicable Monthly Remittance Report, Purchaser shall, on the date
the related P&I Advance is required to be made under the related Deferred Servicing Agreement, deposit the
Servicing Advance Receivable Purchase Price for such P&I Advances into either the applicable Custodial Account or other
applicable account held by the related trustee, master servicer, securities administrator, or trust administrator, as the
case may be, in accordance with the requirements of the related Deferred Servicing Agreement (which may be done directly by
Purchaser or though an account established in connection with the Servicing Advance Facility Agreements) in consideration for
such P&I Advance.

3.3 Servicing
Advances. Seller covenants and agrees that each Servicer Advance made by Seller under the Servicing Agreements prior to the
related Servicing Transfer Date shall (a) be required to be made pursuant to the terms of the related Deferred Servicing Agreement
and comply with the terms of such Deferred Servicing Agreement and Applicable Law, (b) comply with Seller’s advance policies
and stop advance policies and procedures and not constitute a nonrecoverable Servicer Advance as of the date Seller made such
Servicer Advance and (c) be supported by customary backup documentation. Seller agrees to provide prompt notice to Purchaser of
any Servicer Advance made by Seller under the Deferred Servicing Agreements and deliver to Purchaser such customary backup documentation
relating to any Servicer Advance promptly upon request by Purchaser. In the event Seller cannot provide, or cause to be provided
to Purchaser any customary backup documentation, and Purchaser is unable to be reimbursed for such Servicer Advance solely as
a result of such failure, Seller shall reimburse Purchaser for the amount of such unreimbursed Servicer Advances within five (5)
Business Days of Purchaser’s written request, to the extent Purchaser paid Seller for such amounts.

3.4 Reimbursement
of Servicing Advances. Seller shall, to the extent permitted under any Deferred Servicing Agreement cause the
reimbursement of any Servicer Advances under the Deferred Servicing Agreements to be made directly into Purchaser’s
account in accordance with Purchaser’s written directions. In any case, Seller shall within one (1) Business Day of the
receipt thereof, remit to Purchaser any amounts that are received by Seller under any Deferred Servicing Agreement after the
Closing Date as reimbursement of any Servicer Advance. Any such amounts shall be remitted in accordance with
Purchaser’s written directions.

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ARTICLE
4

REPRESENTATIONS AND WARRANTIES OF SELLER 

Seller
makes the following representations and warranties to Purchaser as of (a) each of the Closing Date and each Sale Date or (b) as
of such other dates specified below:

4.1 General
Representations. Each of the representations and warranties set forth in Article 3 of the Agreement are true and correct.

4.2 Title to Transferred Assets. From and including the Closing Date until such Servicing Rights
Assets are transferred to Purchaser under Section 2.2, Seller shall be the sole holder and owner of the Servicing Rights
Assets and shall have good and marketable title to the Servicing Rights Assets, free and clear of any Liens.  Upon the sale
of such Servicing Rights Assets pursuant to Section 2.2, Seller will transfer to Purchaser good and marketable title to the Servicing
Rights Assets free and clear of any Liens. Seller is the sole holder and owner of the Rights to MSRs and the sale and delivery
to Purchaser of the Rights to MSRs pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable
title to the Rights to MSRs free and clear of any Liens.

4.3 Right
to Receive Servicing Fees. Seller is entitled to receive Servicing Fees, Ancillary Income and Prepayment Interest
Excess as servicer under each Servicing Agreement, and the New York Uniform Commercial Code permits the Seller to transfer
the Rights to MSRs to Purchaser under the Agreement and this Sales Supplement without violation of any applicable Servicing
Agreement.

4.4 Servicing
Agreements and Underlying Documents. Schedule I hereto
contains a list of all Servicing Agreements (other than the Underlying Documents) related to the Servicing Rights that are
subject to this Sale Supplement and Schedule II hereto
contains a list of all Underlying Documents related to such Servicing Agreement, in each case with all amendments and
modifications thereto, or supplements thereto with respect to such Servicing Rights.

4.5 Mortgage
Pool Information, Related Matters. 

(a)
Seller has delivered to Purchaser one or more summary schedules which set forth information with respect to each Mortgage
Pool relating to the Servicing Rights (the “Summary Schedules”). Seller acknowledges that Purchaser has
relied on such Summary Schedules to determine the Purchase Price it was willing to pay for the Transferred Assets.

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(b)
The Summary Schedules, the Mortgage Loan Schedule and the Database are true, accurate and complete in all material respects as
of the related Cut-off Date or such other date specified thereon.

(c)
The Mortgage Loan Schedule indicates, by code reference, which of the Mortgage Loans have been converted into REO Properties
as of the Cut-off Date.

4.6 Enforceability
of Servicing Agreements. 

(a)
Seller has delivered to Purchaser, on or prior to the related Closing Date, true and complete copies of all Servicing Agreements
listed on Schedule I hereto and
all amendment thereto and all Underlying Documents listed on Schedule
II hereto and all amendments thereto. There are no other written or oral agreements binding upon Seller or Purchaser
that modify, supplement or amend any such Servicing Agreement or Underlying Document.

(b)
Seller has not received written notice of any pending or threatened cancellation or partial termination of any Servicing
Agreement or Underlying Document or any written notice of any pending or threatened termination of Seller as servicer of any
of the Mortgage Loans.

(c)
On and prior to the related Servicing Transfer Date, each Servicing Agreement and each of the Underlying Documents is or was
a valid and binding obligation of Seller, is or was in full force and effect and enforceable against Seller in accordance
with its terms, except as such enforceability may be affected by bankruptcy, insolvency, fraudulent conveyance,
reorganization and other similar laws relating to or affecting creditors rights generally and general principles of equity
(regardless of whether considered in a proceeding of law or in equity).

4.7 Compliance With Servicing Agreements. 

(a)
Seller has serviced the Mortgage Loans subject to the Servicing Agreements and has kept and maintained complete and accurate
books and records in connection therewith, all in accordance with Applicable Requirements, has made all remittances required
to be made by it under each Servicing Agreement and is otherwise in compliance in all material respects with all Servicing
Agreements and the Applicable Requirements.

(b)
(i) No early amortization event, servicer default, servicer termination event, event of default or other default or breach
has occurred under any Servicing Agreement or any Underlying Document (except with respect to the delinquency or loss
performance triggers identified in the Summary Schedules), and (ii) no event has occurred, which with the passage of time or
the giving of notice or both would: (A) constitute a material default or breach by Seller under any Servicing Agreement,
Underlying Document or under any Applicable Requirement; (B) permit termination, modification or amendment of any such
Servicing Agreement or Underlying Document by a third party without the consent of Seller; (C) enable any third party to
demand that either Seller or Purchaser either incur any repurchase obligations pursuant to a Servicing Agreement or an
Underlying Document or provide indemnification for any amount of losses relating to a breach of a loan representation or
warranty; (D) impose on Seller or Purchaser sanctions or penalties in respect of any Servicing Agreement or Underlying
Document; or (E) rescind any insurance policy or reduce insurance benefits in respect of any Servicing Agreement or
Underlying Document which would result in a material breach or trigger a default of any obligation of Seller under any
Servicing Agreement or Underlying Document.

(c)
There are no agreements currently in place with any subservicers to perform any of Seller’s duties under the Servicing
Agreements.

(d)
Each report and officer’s certification prepared by Seller as servicer pursuant to a Servicing Agreement is true and
correct in all material respects. Seller has previously made available to Purchaser a correct and complete description of the
policies and procedures used by Seller in connection with servicing the Mortgage Loans related to the Servicing
Agreements.

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(e)
In the preceding twelve (12) month period, no Governmental Authority, Investor, Insurer, rating agency, trustee, master
servicer or any other party to a Servicing Agreement has provided written notice to Seller claiming or stating that Seller
has violated, breached or not complied with any Applicable Requirements in connection with the servicing of the related
Mortgage Loans which has not been resolved by Seller.

(f)
All Custodial Accounts and Escrow Accounts have been established and continuously maintained in accordance with Applicable
Requirements. All Custodial Account and Escrow Account balances required by the Mortgage Loans and paid for the account of
the Mortgagors under the related Mortgage Loans have been credited properly to the appropriate account and have been retained
in and disbursed from the appropriate account in accordance with Applicable Requirements.

4.8 No Recourse. None of the Servicing Agreements or other contracts to be assumed by Purchaser
hereunder provide for Recourse to Seller.

4.9
The Mortgage Loans. 

(a)
Each of the Mortgage Loans and REO Properties related to each Servicing Agreement has been serviced in accordance with
Applicable Requirements in all material respects.

(b)
Except as disclosed on the Mortgage Loan Schedule, in the related Database and in the related Loan File and consistent with
the requirements of the related Servicing Agreement, Seller has not waived any default, breach, violation or event of
acceleration under any Mortgage Loan, except to the extent that any such waiver is permitted under the related Servicing
Agreement and reflected in the Mortgage Loan Schedule, the related Database and the related Loan File and the disclosure
relating to such waiver is reflected consistently in all material respects among the related Mortgage Loan Schedule, the
related Database and the related Loan File. The Mortgage related to each Mortgage Loan related to the Servicing Agreements
has not been satisfied, cancelled or subordinated, in whole or in part, and except as permitted under the related Servicing
Agreement, the related Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part, nor has
any instrument been executed that would effect any such release, cancellation, or subordination.

(c)
There is in force with respect to each Mortgaged Property and REO Property related to a Servicing Agreement a hazard
insurance policy (including any policy in effect under a forced place insurance policy) and, if applicable, a flood insurance
policy that provides, at a minimum, for the coverage as required by the applicable Servicing Agreement. Seller and any prior
servicer or subservicer under the Servicing Agreements has taken all necessary steps to maintain any hazard insurance policy,
flood insurance policy, primary mortgage insurance policy, and title insurance policy as required under the Servicing
Agreements.

(d)
Seller is not aware of any repurchase requests or demands being made or threatened to be made with respect to any Mortgage
Loans related to the Servicing Agreements in excess of $10 million with respect to any Servicing Agreement.

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(e)
Except as disclosed in the related Database, Seller has not received notice from any Mortgagor with respect to the Mortgage
Loans related to the Servicing Agreements of a request for relief pursuant to or invoking any of the provisions of the
Servicemembers Civil Relief Act or any similar law which would have the effect of suspending or reducing the
Mortgagor’s payment obligations under a Mortgage Loan or which would prevent such loan from going into foreclosure.

(f)
With respect to each adjustable rate Mortgage Loan, Seller and each prior servicer has complied in all material respects with
all Applicable Requirements regarding interest rate and payment adjustments.

(g)
Each first lien Mortgage Loan is covered by a valid and freely assignable, life of loan, tax service contract, and flood
tracking services contract, in full force and effect. All flood zone determination information provided to Purchaser is true
and correct in all material respects.

(h)
There are no actions, claims, litigation or governmental investigations pending or, to the knowledge of Seller, threatened,
against Seller, or with respect to any Servicing Agreement or any Mortgage Loan, which relate to or affect Seller’s
rights with respect to the Servicing Rights or Seller’s right to sell, assign and transfer the Servicing Rights or the
Rights to MSRs or to receive any Servicing Fee, which could reasonably be expected to have a Material Adverse Effect
individually or in the aggregate.

(i)
Payments received by Seller with respect to any Mortgage Loans related to the Servicing Agreements have been remitted and
properly accounted for as required by Applicable Requirements in all material respects. All funds received by Seller in
connection with the satisfaction of Mortgage Loans, including foreclosure proceeds and insurance proceeds from hazard losses,
have been deposited in the appropriate Custodial Account or Escrow Account and all such funds have been applied to pay
accrued interest on the Mortgage Loans, to reduce the principal balance of the Mortgage Loans in question, or for
reimbursement of repairs to the Mortgaged Property or as otherwise required by Applicable Requirements or are on deposit in
the appropriate Custodial Account or Escrow Account.

(j)
Seller is not aware of any Person that has issued any notice or written intention to exercise the optional call or optional
redemption provisions under any of the related Servicing Agreements.

(k)
No fraudulent action has taken place on the part of Seller in connection with its servicing of any Mortgage Loan related to
the Servicing Agreement.

(l)
Except with respect to partial releases, actions required by a divorce decree, assumptions, or as otherwise permitted under
Applicable Requirements and documented in the Loan File and the Database, (i) the terms of each Mortgage Note and Mortgage
have not been modified by Seller or any prior servicer, (ii) no party thereto has been released in whole or in part by Seller
or any prior servicer and (iii) no part of the Mortgaged Property has been released by Seller or any prior servicer.

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4.10
Servicing Advance Receivables. 

(a) From
and including the Closing Date until such Servicing Advance Receivable is transferred to Purchaser under Section 3.1, Seller
is the sole holder and owner of each Servicing Advance Receivable and has good and marketable title to such Servicing Advance
Receivable. Seller has not previously assigned, transferred or encumbered the Servicing Advance Receivables other than pursuant
to the Agreement, this Sale Supplement and the Servicing Advance Financing Agreements. The sale and delivery to Purchaser of the
Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable
title to the Servicing Advance Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing
Advance Financing Agreements).

(b) Each
Servicing Advance Receivable transferred to Purchaser under Section 3.1, is at the time of such transfer a valid and existing
account owing to Seller and is carried on the books of Seller at or less than the amount actually advanced or accrued net of any
charge-offs or other adjustments by Seller. Seller has not received any notice from a master servicer, securities administrator,
trustee, Insurer, Investor or any other Person, which disputes or denies a claim by Seller for reimbursement in connection with
any such Servicing Advance Receivable. Each Servicer Advance made by Seller (and each trailing invoice received by Purchaser on
or after the related Servicing Transfer Date for services rendered prior to such Servicing Transfer Date) that is reimbursed or
paid by Purchaser to Seller or a third party service provider is fully reimbursable to Purchaser as a Servicer Advance under the
terms of the related Servicing Agreement.

(c) Each
Servicer Advance made by Seller was made in accordance with Applicable Requirements and Seller’s advance policies and stop
advance policies and procedures in all material respects, and is not subject to any set-off or claim that could be asserted against
Purchaser. No Servicer Advance made by Seller or any prior servicer under a Servicing Agreement and not reimbursed or paid to
Seller prior to the related Sale Date is a Non-Qualified Servicer Advance. Seller has not received any written notice from any
Person in which such Person disputes or denies a claim by Seller for reimbursement in connection with a specifically identified
Servicer Advance.

4.11 Servicing Agreement Consents and Other Third Party Approvals. None of the execution, delivery
and performance of the Agreement and this Sale Supplement by Seller, the transfers of Servicing Rights under Section 2.2,
the transfer of Rights to MSRs under Section 2.1, the transfers of Servicing Advance Receivables under Section 3.1
and the other transactions contemplated hereby require any consent, approval, waiver, authorization, penalties, notice or filing
to be obtained by Seller or Purchaser from, or to be given by Seller or Purchaser to, or made by Seller or Purchaser with, any
Person, except for, with respect to the Servicing Rights Assets, the Third Party Consents.

4.12 Servicing Advance Financing Agreements. 

(a) All
of the Servicing Agreements are “Facility Eligible Servicing Agreements,” and each Servicer Advance to be owned by
an Advance SPE is a “Facility Eligible Receivable,” each as defined under the Servicing Advance Financing Agreements.

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(b)
All of the representations and warranties of Seller in the Servicing Advance Financing Agreements are true and correct, and no
early amortization event, default, event of default or similar event has occurred under the Servicing Advance Financing Agreements.

(c)
Each of Seller and its Affiliates have complied in all material respects with the terms of the existing Servicing Advance Financing
Agreements.

4.13 Anti-Money Laundering Laws. Seller has complied with all applicable anti-money laundering laws
and regulations.

4.14 Servicer Ratings. Seller has a residential primary servicer rating for the servicing of subprime
residential mortgage loans issued by S&P, Fitch or Moody’s at or above “Above Average,” “RPS3”
and “SQ2-”, respectively.

4.15 Eligible Servicer. Seller meets the eligibility requirements of a servicer and a subservicer
under the terms of each Servicing Agreement and Underlying Document.

4.16 HAMP. Seller has entered into a Commitment to Purchase Financial Instrument and Servicer Participation
Agreement with Fannie Mae, as financial agent of the United States, which agreement is in full force and effect.

ARTICLE
5

Conditions precedent

5.1 Conditions to the Purchase of the Rights to MSRs. Purchaser’s obligations to purchase the
Rights to MSRs pursuant to Section 2.1 and the Servicing Rights pursuant to Section 2.2 and to pay the Purchase
Price (and the Estimated Purchase Price) pursuant to Section 2.3 and Section 2.6 are subject to the satisfaction
or Purchaser’s waiver of each of the conditions set forth in Section 6.1 and Section 6.3 of the Agreement
(except the requirement to deliver the Third Party Consents necessary to transfer the Servicing Rights pursuant to Section
2.2) with respect to each of the Servicing Agreements and each of the Servicing Rights, as applicable, on the Closing Date
and the satisfaction of each of the following conditions: 

(a)
Seller shall have obtained all consents or approvals required to be obtained to consummate the transfers of the Rights to MSRs
to Purchaser pursuant to Section 2.1;

(b)
The Servicing Advance Facility Agreements shall have been executed and delivered by each of the parties thereto and all of the
conditions precedent to the effectiveness of the Servicing Advance Facility Agreements set forth therein have been satisfied;

(c)
Home Loan Servicing Solutions, Ltd. shall have completed a successful initial public offering and contributed proceeds therefrom
to Purchaser in an amount sufficient to pay the Purchase Price on the Closing Date;

(d)
The Subservicing Agreement and the Subservicing Supplement shall have been executed and delivered by each of the parties thereto
and all of the conditions precedent to the effectiveness of the Subservicing Agreement and the Subservicing Supplement set forth
therein have been satisfied.

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ARTICLE
6

SERVICING MATTERS

6.1 Seller as Servicer. Except as expressly set forth in this Sale Supplement, Seller shall perform
all its the duties and obligations of under each Servicing Agreement until the related Servicing Transfer Date and shall at all
times until the related Servicing Transfer Date meet any standards and fulfill any requirements applicable to Seller under each
Servicing Agreement.

6.2 Servicing. Except as otherwise specifically provided in this Sale Supplement, Seller covenants
and agrees to service and administer each Mortgage Loan related to a Servicing Agreement from and after the Closing Date until
the related Servicing Transfer Date in accordance with Applicable Law, the terms of the related Mortgage Loan Documents and any
applicable private mortgage insurance or pool insurance, the standards, requirements, guidelines, procedures, restrictions and
provisions of the related Servicing Agreement and Underlying Documents governing the duties of Seller thereunder, this Sale Supplement
and any other Applicable Requirements. Without limiting the foregoing, Seller covenants and agrees that it shall perform its obligations
pursuant to this Sale Supplement in a manner that will not cause the termination of Seller as servicer under any Deferred Servicing
Agreement, including any termination based on Seller’s management of delinquency or loss performance with respect to Mortgage
Loans related to such Deferred Servicing Agreement. The parties acknowledge and agree that any termination of Seller as servicer
with respect to a Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason, other than
as a result of a failure by Purchaser to purchase Servicing Advance Receivables pursuant to Section 3.1, shall be deemed
to be the result of a breach by Seller of its obligations under this Sale Supplement and the Agreement. In the event of a conflict
between a Servicing Agreement and this Article 6, the Servicing Agreement shall control.

6.3 Collections from Obligors and Remittances. Seller shall direct the obligors on the Deferred Mortgage
Loans to remit payment on the Deferred Mortgage Loans to the Clearing Account (as defined in the Servicing Agreement) and shall
within one (1) Business Day of receipt promptly deposit any amounts Seller receives with respect to the Deferred Mortgage Loans
in the Clearing Account. Seller shall promptly remit all amounts received by Seller with respect to the Mortgage Loans to the
applicable Custodial Account or Escrow Account, but no later than the earlier of two (2) Business Days after receipt thereof or
the date required pursuant to the applicable Deferred Servicing Agreement; provided, that Seller shall, subject to the
terms of the related Servicing Agreement, remit any such amounts that constitute recovery of a Servicer Advance to the applicable
account, if any, specified by Purchaser pursuant to Section 3.4 within one (1) Business Day of receipt thereof; provided,
further, that Seller shall, subject to the terms of the related Servicing Agreement, remit any such amounts that constitute Servicing
Fee to the applicable account, if any, specified by Purchaser pursuant to Section 2.5 within one (1) Business Day of receipt
thereof. Seller shall also making any compensating interest payments or prepayment interest shortfall payments required to be
made by Seller with respect to the Mortgage Loans under the Deferred Servicing Agreements, and shall remit any such payments to
the applicable Custodial Account no less than one (1) Business Day prior to the applicable remittance date for such Servicing
Agreement. 

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6.4 Servicing Practices. Seller shall not make any material change to its servicing practices with
respect to the Deferred Mortgage Loans after the date hereof, including, any material changes to its cash collection and sweep
processes or its advance policies or stop advance policies, without Purchaser’s prior written consent, which consent shall
not be unreasonably withheld or delayed.  Purchaser shall have the right to direct Seller to implement reasonable changes
to Seller’s servicing practices applicable with respect to all or a portion of the Mortgage Loans, including any changes
necessary to ensure compliance with any Applicable Laws or governmental programs or directions received pursuant to the applicable
Servicing Agreements.

6.5 Servicing Reports. Seller shall simultaneously deliver a copy of any reports delivered by Seller
to any Person pursuant to the Deferred Servicing Agreements to Purchaser. 

6.6 Escrow Accounts. Subject to the terms of the related Deferred Servicing Agreement, Seller shall
be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted
in the applicable Servicing Agreement.

6.7 Notices and Financial Information. Until the last Servicing Transfer Date, Seller will furnish,
or will cause to be furnished, to Purchaser:

(a)
within two (2) Business Days after the occurrence of a breach by Seller of the Agreement or this Sale Supplement or any Termination
Event or other event that would give Purchaser the right to direct Seller to transfer the Servicing Rights with respect to any
Deferred Servicing Agreement, notice of such event;

(b)
any information required to be delivered by Seller pursuant to Section 5.10 of the Subservicing Agreement, which information
shall be delivered at such times as specified in Section 5.10 of the Subservicing Agreement, provided that any reference
to a “Subject Servicing Agreement” in Section 5.10 of the Subservicing Agreement shall be deemed to be a reference
to a “Deferred Servicing Agreement,” for the purposes of this Section 6.7; and

(c)
such other information regarding the condition or operations, financial or otherwise, of Seller or any of its subsidiaries as
Purchaser may from time to time reasonably request.

6.8 Defaults under Deferred Servicing Agreements. Seller covenants and agrees to use its reasonable
best efforts to cure any breach, default or notice of default with respect to its obligations under any Deferred Servicing Agreement
within the timeframe for cure set forth in such Deferred Servicing Agreement.

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6.9 Continuity of Business. (a) Seller will maintain a disaster recovery plan in support of the services
it performs pursuant to this Sale Supplement and each Deferred Servicing Agreement. Seller’s disaster recovery plan shall
include, at a minimum, procedures for back-up/restoration of operating and loan administration computer systems; procedures and
third-party agreements for replacement equipment (e.g. computer equipment), and procedures and third-party agreements for off-site
production facilities. Seller will provide Purchaser information regarding its disaster recovery plan upon Purchaser’s reasonable
request. Seller agrees to annually test its disaster recovery plan to ensure compliance with this Section 6.9. If such
test results identify a material failure, Seller shall advise Purchaser of the steps Seller will be taking to remedy such failure
and shall notify Purchaser when Seller has remedied such failure and retested. Seller will notify Purchaser anytime Seller’s
disaster recovery plan is activated. In the event of an activation of the disaster recovery plan, Seller shall use best efforts
to provide redundancy capabilities for a majority of the critical systems within 48 hours in at least one of Seller’s other
servicing facilities unaffected by the disaster to ensure servicing of the Mortgage Loans will be re-established within such 48
hours.

6.10 Optional Termination or Clean Up Calls. Seller may exercise its rights under any optional termination
or clean up call provision pursuant to a Deferred Servicing Agreement prior to the related Servicing Transfer Date; provided
that simultaneously or prior to such exercise, (i) Seller or its designee agrees to purchase, and purchases, the Mortgage
Loans that are subject to such Deferred Servicing Agreement at a purchase price that is at least equal to the applicable purchase
price pursuant to such Deferred Servicing Agreement, (ii) all unreimbursed Servicer Advances and other amounts owed to Purchaser
with respect to such Deferred Servicing Agreement under the Sale Supplement or otherwise are paid to Purchaser, (iii) Seller shall
have paid to Purchaser a redemption fee with respect to such Deferred Servicing Agreement equal to the Book Value of the Rights
to MSRs related to such Deferred Servicing Agreement on Purchaser’s financial statements as of the date of such optional
termination or clean up call and (iv) Seller shall provide at least ten (10) Business Days prior written notice to Purchaser of
such exercise.

6.11 Amendments to Deferred Servicing Agreements; Transfer of Servicing Rights. Seller hereby covenants
and agrees not to amend the Servicing Agreements without Purchaser’s prior written consent. Seller shall not sell or otherwise
voluntarily transfer servicing under any of the Deferred Servicing Agreement during the Consent Period except as expressly provided
in this Sale Supplement or take any other actions inconsistent with Purchaser’s right to acquire ownership of Servicing
Rights with respect to a Servicing Agreement upon receipt of the required Third Party Consents. 

6.12 Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights. Purchaser may
from time to time designate any of Seller’s servicing obligations under a Deferred Servicing Agreement and assume the performance
of such obligations so long as such assumption is permitted pursuant to such Deferred Servicing Agreement and does not limit Seller’s
right to receive the Servicing Fees pursuant to such Deferred Servicing Agreement. Notwithstanding anything in the Agreement or
this Sale Supplement to the contrary, Purchaser may transfer the Rights to MSRs to any third party and/or may direct Seller to
transfer the Servicing Rights to a third party that can obtain the required Third Party Consents, subject to the right of the
Seller to receive the Seller Monthly Servicing Fee, the Performance Fee, the Ancillary Income and, if applicable, the Prepayment
Interest Excess owed to Seller with respect to such Deferred Servicing Agreement pursuant to Article 7. For the avoidance
of doubt, Purchaser shall be entitled to receive all proceeds of such transfer. 

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6.13
Termination Event. In the case that any Termination Event occurs with respect to any Servicing Agreement during the Consent
Period, Seller shall, upon Purchaser’s written direction to such effect, use commercially reasonable efforts to transfer
the Servicing Rights relating to any affected Servicing Agreement to a third party servicer identified by Purchaser with respect
to which all required Third Party Consents with respect to such Servicing Agreement can be obtained. Purchaser shall be entitled
to receive all proceeds of such transfer.

6.14
Servicing Transfer. Seller and Purchaser shall, prior to the Servicing Transfer Date with respect to each Servicing Agreement,
work in good faith to determine and agree upon applicable servicing transfer procedures with respect to such Servicing Agreement.

6.15
Incorporation of Provisions from Subservicing Agreement. The provisions of each of Sections 5.3, 5.4, 5.5,
5.6, 5.7, 5.8 (excluding the first sentence thereof), 5.17 and 5.18, and Exhibit A of
the Subservicing Agreement are hereby incorporated into this Sale Supplement by reference, mutatis mutandis, as if its
provisions were fully set forth herein; provided that any reference therein to the defined terms “Ocwen,” “Servicer,”
“Mortgage Loan,” “Subject Servicing Agreement” and “Agreement,” shall be deemed for purposes
of this Sale Supplement to be references to the terms “Seller,” “Purchaser,” “Deferred Mortgage
Loan,” “Deferred Servicing Agreement” and “Sale Supplement,” respectively and any reference therein
to the phrase “during the term of this Agreement” shall be deemed for purposes of this Sale Supplement to be references
to the phrase “until the last Servicing Transfer Date.”

ARTICLE
7

Seller Servicing fees; costs and expenses

7.1 Seller Monthly Servicing Fee. As consideration for Seller servicing the Mortgage Loans pursuant
to the Deferred Servicing Agreements during the applicable Consent Period but prior to the earlier of the date on which the Servicing
Rights are transferred from Seller with respect to a Deferred Servicing Agreement or Servicing Fee Reset Date, Purchaser shall
pay to Seller a monthly base servicing fee for each calendar month during such period during which Seller is servicing Mortgage
Loans with respect to Deferred Servicing Agreements pursuant to this Sale Supplement equal to 12% of the aggregate Servicing Fees
actually received by Purchaser under this Sale Supplement during such calendar month with respect the Deferred Servicing Agreements
(the “Seller Monthly Servicing Fee”).

7.2 Performance Fee. In addition to the Seller Monthly Servicing Fee, Purchaser shall pay to Seller
for each calendar month during which Purchaser is servicing Mortgage Loans with respect to Deferred Servicing Agreements pursuant
to this Sale Supplement a performance fee (“Performance Fee”) equal to the greater of (a) zero and (b) (x)
the excess, if any, of the aggregate of all Servicing Fees actually received by Purchaser with respect to the Deferred Servicing
Agreements and pursuant to the Transferred Servicing Agreements (whether directly pursuant to such Transferred Servicing Agreements
or pursuant to this Sale Supplement) during such calendar month over the sum of (i) the Monthly Servicing Fee for such calendar
month and (ii) the Retained Servicing Fee for such calendar month multiplied by (y) a fraction, (i) the numerator of which is
the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such calendar month
and (ii) the denominator of which is equal to the sum of the average unpaid principal balance of all Mortgage Loans subject to
the Deferred Servicing Agreements during such calendar month and the average unpaid principal balance of all Mortgage Loans subject
to the Transferred Servicing Agreements during such calendar month, or such other allocation percentage which is agreed by Seller
and Purchaser (the “Allocation Percentage”). 

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The
Performance Fee, if any, for any calendar month will be reduced by an amount equal to (y) 6.50% per annum (i.e., 0.5417% per month)
of the Excess Servicing Advances, if any, for such month multiplied by the Allocation Percentage. If the Closing Date does not
occur on the first day of a calendar month, the Performance Fee for the period from the Closing Date to the last of the calendar
month in which the Closing Date occurs shall be calculated in a pro rata manner based on the number of days in such period. Notwithstanding
any provision in this Sale Supplement to the contrary, in the event Purchaser has failed to pay Seller any Seller Monthly Servicing
Fee or Performance Fees that are past due after ten (10) Business Days of Purchaser receiving notice of such failure, Seller shall
not be required to continue to act as subservicer until such time as Purchaser has fully paid such past due Seller Monthly Servicing
Fee or Performance Fee; provided that Purchaser shall not have notified Seller that it disputes the occurrence or amount
of such past due Seller Monthly Servicing Fee or Performance Fee.

7.3
Costs and Expenses. Except as otherwise expressly provided in the Agreement or this Sale Supplement, each party hereto
shall be responsible for its own costs and expenses incurred in connection with the negotiation and execution of the Agreement,
this Sale Supplement and all documents relating thereto. Seller shall be required to pay all expenses incurred by it in connection
with its obligations hereunder to the extent such expenses do not constitute Servicer Advances and shall not be entitled to reimbursement
therefor except as specifically provided for herein or in the applicable Deferred Servicing Agreement. Seller shall reimburse
Purchaser for any reasonable out-of-pocket costs, including legal fees, incurred by Purchaser in connection with obtaining any
required Third Party Consents; provided, however, that Purchaser shall not incur such costs without the prior written
approval of Seller. Purchaser shall pay the conversion fee payable in connection with the amendment and restatement of the
Servicer Advance Financing Agreements.

7.4 Ancillary Income. Seller shall be entitled to retain as additional compensation any Ancillary
Income and any Prepayment Interest Excess received by Seller with respect to the Deferred Mortgage Loans, to the extent such Ancillary
Income or Prepayment Interest Excess is permitted to be retained by Seller pursuant to the related Deferred Servicing Agreement.

7.5 Calculation and Payment. No later than the second Business Day following the receipt by Purchaser
of the Monthly Servicing Oversight Report for a calendar month, Purchaser will remit to Seller in immediately available funds
the Seller Monthly Servicing Fee and Performance Fees payable by Purchaser to Seller for the related calendar month, along with
a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees. 

7.6 No Offset. Neither party shall have any right to offset against any amount payable hereunder or
other agreement to the other party, or otherwise reduce any amount payable hereunder as a result of, any amount owing by the other
party or any of its Affiliates to such party or any of its Affiliates.

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7.7
Servicing Fee Reset Date. The servicing fees payable to Seller after the Servicing Fee Reset Date shall be subject to negotiation
between Seller and Purchaser. If Seller and Purchaser are unable to agree to such servicing fee prior to the Servicing Fee Reset
Date, Seller shall, upon Purchaser’s written direction to such effect, transfer the Servicing Rights relating to all of
the Deferred Servicing Agreements to a third party servicer identified by Purchaser with respect to which all required Third Party
Consents with respect to the Deferred Servicing Agreements can be obtained. Purchaser shall be entitled to receive all proceeds
related to such transfer.

ARTICLE
8

Indemnification

8.1 Seller Indemnification of Purchaser. Seller agrees to indemnify and hold harmless Purchaser and
each officer, director, agent, employee or Affiliate of Purchaser (each, a “Seller Indemnified Party”) from
and against any and all claims, losses, damages, liabilities, judgments, penalties, fines, forfeitures, legal fees and expenses,
and any and all related costs and/or expenses of litigation, administrative and/or regulatory agency proceedings, and any other
costs, fees and expenses (each, a “Liability”) suffered or incurred by Purchaser or any such other Person (whether
or not resulting from a third party claim) arising directly or indirectly out of or resulting from (a) any event relating to Transferred
Assets occurring prior to the related Servicing Transfer Date, (b) a breach of any of Seller’s representations and warranties
contained in the Agreement, this Sale Supplement or any other Related Agreement or Seller’s failure to observe and perform
any of Seller’s duties, obligations, covenants or agreements contained in the Agreement, this Sale Supplement or any other
Related Agreement, (c) acts or omissions of Seller, any other servicer of any Mortgage Loans, or any subservicer, contractor
or agent engaged by Seller or any other servicer, in each case prior to the related Servicing Transfer Date, relating to the Transferred
Assets, including any failure by Seller, any other servicer or any subservicer, contractor or agent engaged by Seller or any other
servicer prior to the related Servicing Transfer Date to comply with the Applicable Requirements, (d) the Excluded Liabilities
or (e) any acts or omissions by Seller or its employees or agents in performance of its duties or obligations pursuant to this
Sale Supplement. 

8.2 Purchaser Indemnification of Seller. Purchaser agrees to indemnify and hold harmless Seller and
each officer, director, agent, employee or Affiliate of Seller (each, a “Purchaser Indemnified Party”) from
and against any and all Liability suffered or incurred by Seller or any such other Person arising out of or resulting from (a) a
breach of any of Purchaser’s representations and warranties or covenants contained in the Agreement, the Sale Supplement
or any other Related Agreement or (b) acts or omissions of Purchaser or any subservicer, contractor or agent (other than
Seller or any of Seller’s Affiliates) engaged by Purchaser, in each case after the related Servicing Transfer Date, relating
to the Transferred Assets. 

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8.3
Indemnification Procedures.

(a)
As promptly as is reasonably practicable after becoming aware of a claim for indemnification under the Agreement or this Sale
Supplement not involving a Third-Party Claim, but in any event no later than fifteen (15) Business Days after first becoming aware
of such claim, the Indemnified Person shall give notice to the Indemnifying Person of such claim, which notice shall specify the
facts alleged to constitute the basis for such claim and the amount that the Indemnified Person seeks hereunder from the Indemnifying
Person; provided, however, that the failure of the Indemnified Person to give such notice shall not relieve the
Indemnifying Person of its obligations under this Section 8.3 except to the extent (if any) that the Indemnifying Person
shall have been prejudiced thereby.

(b)
The Indemnified Person shall give notice as promptly as is reasonably practicable, but in any event no later than ten (10) Business
Days after receiving notice thereof, to the Indemnifying Person of the assertion of any claim, or the commencement of any action,
suit, claim or proceeding, by any unaffiliated third Person (a “Third-Party Claim”) in respect of which indemnity
may be sought under the Agreement or this Sale Supplement (which notice shall specify in reasonable detail the nature and amount
of such claim); provided, however, that the failure of the Indemnified Person to give such notice shall not relieve
the Indemnifying Person of its obligations under this Section 8.3 except to the extent (if any) that the Indemnifying Person
shall have been prejudiced thereby. The Indemnifying Person may, at its own expense, (i) participate in the defense of any such
Third-Party Claim, and (ii) upon notice to the Indemnified Person, at any time during the course of any such Third-Party Claim,
assume the defense thereof with counsel of its own choice and, in the event of such assumption, shall have the exclusive right,
subject to clause (i) in the proviso in Section 8.3(c), to settle or compromise such Third-Party Claim. If the Indemnifying
Person assumes such defense, the Indemnified Person shall have the right (but not the duty) to participate in the defense thereof
and to employ counsel, at its own expense, separate from the counsel employed by the Indemnifying Person. Whether or not the Indemnifying
Person chooses to defend or prosecute any such Third-Party Claim, all of the parties hereto shall cooperate in the defense or
prosecution thereof.

(c)
Any settlement or compromise made or caused to be made by the Indemnified Person (unless the Indemnifying Person has the exclusive
right to settle or compromise under clause (ii) of Section 8.3(b) or the Indemnifying Person, as the case may be),
of any such Third-Party Claim shall also be binding upon the Indemnifying Person or the Indemnified Person, as the case may be,
in the same manner as if a final judgment had been entered by a court of competent jurisdiction in the amount of such settlement
or compromise; provided, however, that (i) no obligation, restriction, loss or admission of guilt or wrongdoing
shall be imposed on the Indemnified Person as a result of such settlement or compromise without its prior written consent and
(ii) the Indemnified Person will not compromise or settle any Third Party Claim without the prior written consent of the Indemnifying
Person.

(d)
Except as specifically provided for in the Agreement or this Sale Supplement, no claim may be made by an Indemnified Person for
any special, indirect, punitive or consequential damages (“Special Damages”) in respect of any breach or wrongful
conduct (whether the claim therefor is based on contract, tort or duty imposed by law) in connection with, arising out of, or
in any way related to the transactions contemplated, or relationship established, by this Agreement or any Sale Supplement, or
any act, omission or event occurring in connection herewith or therewith, and to the fullest extent permitted by law, each of
Seller and Purchaser hereby waives, releases and agrees not to sue upon any such claim for Special Damages, whether or not accrued
or whether or not known or suspected to exist in its favor.

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8.4 Tax Treatment. (a) Seller and Purchaser agree that all payments made by any of them to or for
the benefit of the other under this Article 8, under other indemnity provisions of the Agreement or this Sale Supplement
and for any misrepresentations or breaches of warranties or covenants, shall be treated as adjustments to the Purchaser Price
for tax purposes and that such treatment shall govern for purposes hereof except to the extent that the Applicable Laws of a particular
jurisdiction provide otherwise.

(b)
Seller, Purchaser and each of their respective Affiliates agree that entering into this Sale Supplement shall be treated for all
tax purposes as a sale of the Servicing Rights Assets and the Purchaser shall be treated as the beneficial owner of the Servicing
Rights Assets for tax purposes as a result of entering into this Sale Supplement. The parties covenant and agree to take no position
for Tax purposes contrary to the foregoing tax treatment, and to prevent any Affiliate from taking such a contrary position.

(c)
All payments made pursuant to this Agreement shall be made free and clear and without deductions of any kind for taxes.

8.5 Survival. The parties’ obligations under this Article 8 shall survive any termination
of the Agreement and/or this Sale Supplement.

8.6 Additional Indemnification. (a) Without limiting Seller’s obligations under Article 8
of this Sale Supplement, it is agreed by the parties that if Seller is terminated as servicer under any Deferred Servicing
Agreement as a result of any action described in clauses (a) through (e) of Section 8.1 above, Seller shall also
pay to Purchaser, as reasonable and just compensation for such termination, an amount equal to the product of (i) the Purchase
Price for such Deferred Servicing Agreement and (ii) the Amortization Percentage for the calendar month in which Seller received
notice of such termination, and Purchaser shall accept such sum as liquidated damages, and not as penalty, in the event of such
a termination.

8.7 Specific Performance. Notwithstanding any other provision of the Agreement or this Sale Supplement,
(i) it is understood and agreed that the remedy of indemnity payments pursuant to this Article 8 and other remedies at
law would be inadequate in the case of any actual or threatened breach of the Agreement or this Sale Supplement by Seller and
(ii) Purchaser shall be entitled, without limiting its other remedies and without the necessity of proving actual damages or posting
any bond, to equitable relief, including the remedy of specific performance or injunction, with respect to any breach or threatened
breach of such covenants. Such relief shall be in addition to, and not in lieu of, all other remedies available at law or in equity
to such party under the Agreement and this Sale Supplement.

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ARTICLE
9

Grant of Security Interest

9.1
Granting Clause. To secure its performance of its obligations under the Agreement and this Sale Supplement, Seller hereby
grants to Purchaser a security interest in all of its right, title and interest in an to the following, whether now owned or hereafter
acquired, and all monies “securities,” “instruments,” “accounts,” “general intangibles,”
“payment intangibles,” “payment intangibles,” “goods,” “letter of credit rights,”
“chattel paper,” “financial assets,” “investment property,” (each as defined in the applicable
UCC) and other property consisting of, arising from or relating to any of the following:

(a)
the Servicing Rights in respect of all of the Mortgage Loans and REO Properties related to the Deferred Servicing Agreements,
in each case together with all related security, collections and payments thereon and proceeds of the conversion, voluntary or
involuntary of the foregoing;

(b)
the Rights to MSRs with respect to each Servicing Agreement;

(c)
all Servicing Fees, Ancillary Income and Prepayment Interest Excess received under the Deferred Servicing Agreements and subject
to Section 6.10 of this Sale Supplement any rights to exercise any optional termination or clean-up call provisions under
the Deferred Servicing Agreements;

(d)
all income from amounts on deposit in Custodial Accounts and Related Escrow Accounts related to the Deferred Servicing Agreements;

(e)
all files and records in Seller’s possession or control, including the related Database, relating to the assets specified
in clauses (a) through (d);

(f)
all causes of action, lawsuits, judgments, claims, refunds, choses in action, rights of recovery, rights of set-off, rights of
recoupment, demands and any other rights or claims of any nature, whether arising by way of counterclaim or otherwise, available
to or being pursued by Seller to the extent related exclusively to any of the foregoing and/or the Assumed Liabilities; and

(g)
any proceeds of any of the foregoing (collectively, the “Collateral”).

This
Sale Supplement shall constitute a security agreement under applicable law. Seller agrees that from time to time it shall promptly
execute and deliver all additional instruments and documents and take all additional action that Purchaser may reasonably request
in order to perfect the interests of Purchaser in, to and under, or to protect, the Collateral or to enable Purchaser to exercise
or enforce any of its rights or remedies hereunder. To the fullest extent permitted by applicable law, Seller hereby authorizes
Purchaser to file financing statements and amendments thereto in connection with the grant of a security interest pursuant to
this Section 9.1. Seller covenants and agrees to take all necessary action to prevent the creation or imposition of any
Lien upon any of the Collateral, and to maintain the Collateral free and clear of all Liens, other than the Lien securing the
obligations of Seller arising under this Sale Supplement.

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ARTICLE
10

Miscellaneous Provisions

10.1
Further Assurances. Without limiting Section 5.7 of the Agreement, each party hereto shall execute and deliver in
a reasonable timeframe such reasonable and appropriate additional documents, instruments or agreements and take such reasonable
actions as may be necessary or appropriate to effectuate the purposes of this Sale Supplement at the request of the other party.
Without limiting the foregoing, the Seller agrees that it will promptly at Purchaser’s request execute and deliver an one
or more assignment and assumption agreements, in form mutually agreed to by the parties, one or more equity interest assignments,
in form mutually agreed to by the parties, or such other documents, instruments or agreements as Purchaser may reasonably request
to evidence the transfers of Rights to MSRs pursuant to Section 2.1, Servicing Rights pursuant to Section 2.2 and
Transferred Receivables Assets pursuant to Section 3.1.

10.2 Compliance with Applicable Laws; Licenses. Seller will comply with all Applicable Laws in connection
with the performance of its obligations under the Agreement and this Sale Supplement. Seller shall maintain all necessary licenses
and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of Seller to perform
its obligations under the Agreement and this Sale Supplement.

10.3 Merger, Consolidation, Etc.. Seller will keep in full effect its existence, rights and franchises
as a limited liability company, and will obtain and preserve its qualification to do business as a foreign organization in each
jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Agreement,
this Sale Supplement, each Deferred Servicing Agreement or any of the Deferred Mortgage Loans, or to perform its duties under
the Agreement or this Sale Supplement. Seller may be merged or consolidated with or into any Person, or transfer all or substantially
all of its assets to any Person, in which case any Person resulting from any merger or consolidation to which Seller shall be
a party or acquiring all or substantially all of the assets of Seller, or any Person succeeding to the business of Seller shall
be the successor of Seller hereunder and under the Agreement, without the execution or filing of any paper or any further act
on the part of any of the parties hereto; provided, however, that the successor or surviving Person shall be an institution whose
deposits are insured by FDIC or a company whose business includes the servicing of mortgage loans and shall have a tangible net
worth not less than $25,000,000.

10.4 Annual Officer’s Certificate. Not later than May 15th of each calendar year
commencing in 2013, Seller shall deliver to Purchaser an Officer’s Certificate stating, as to each signatory thereof, that
(i) a review of the activities of Seller during the preceding year and of performance under the Agreement and this Sale Supplement
has been made under such officers’ supervision and (ii) to the best of such officer’s knowledge, based on such review,
Seller has fulfilled all of its obligations under the Agreement and this Sale Supplement in all material respects throughout such
year, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such
default known to such officer and the nature and status thereof.

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10.5 Accounting Treatment. Notwithstanding Section 8.14 of the Agreement, the parties acknowledge
that until such time as the Third Party Consents with respect to a Servicing Agreement are obtained, the parties shall treat the
transaction hereunder with respect to such Servicing Agreement as a financing for accounting purposes. 

10.6 Incorporation. The provisions of Article 8 of the Agreement are hereby incorporated into
this Sale Supplement by reference, mutatis mutandis, as if its provisions were fully set forth herein.

10.7
Third Party Beneficiaries. Seller and Purchaser each acknowledges and agrees that the indenture trustee, on behalf of the
holders of related notes, with respect to any Servicing Advance Financing Agreements pursuant to which Purchaser has transferred
Servicer Advances made pursuant to a Deferred Servicing Agreement is an express third party beneficiary of this Sale Supplement
and the Agreement solely with respect to the Deferred Servicing Agreements related to such Servicing Advance Financing Agreement.

[Signature Page Follows]

-28-

 

     

     

    

IN
WITNESS WHEREOF, the parties hereto have caused this Sale Supplement to be executed and delivered by its respective officer thereunto
duly authorized as of the date above written.

	 	 	 OCWEN LOAN SERVICING, LLC	 
	 	 	 	 	 
	 	 	 By:	  /s/ John Britti	 
	 	 	 	 Name: John Britti	 
	 	 	 	 Title: Authorized Signatory	 
	 	 	 	 	 
	 	 	HLSS HOLDINGS, LLC 	 
	 	 	 	 	 
	 	 	 By:	 Home Loan Servicing Solutions, Ltd., its sole member	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 By:	 /s/ James Lauter	 
	 	 	 	 Name: James Lauter	 
	 	 	 	 Title: CFO	 

 

     

     

    

EXHIBIT A

Form of Monthly Remittance Report

	Ocwen
    Loan Servicing, LLC	 	xxx
	Deal
    Name	 	 
	Remittance
    Summary	 	[Month]
    [Year]
	 	 	 
	Particulars	 	Amount
    ($)
	Scheduled
    Principal Payments	 	0.00
	Curtailments	 	0.00
	Interest
    on curtailment	 	0.00
	Pool
    to Security	 	0.00
	Payoff
    Principal	 	0.00
	Neg
    Amt Prin	 	0.00
	Deferred
    Principal Paid	 	0.00
	 	 	 
	Total
    Principal remitted	 	0.00
	 	 	 
	Gross
    Scheduled Interest	 	0.00
	Less:
    Service fee amount	 	0.00
	Less:
    LPMI Premium	 	0.00
	Add:
    INT on STA Reinstatement	 	0.00
	Add:
    INT on STA Paid-in-full	 	0.00
	Less:
    STA PI Recoveries	 	0.00
	 	 	 
	Total
    Interest remitted	 	0.00
	 	 	 
	Less:
    Realized Loss	 	0.00
	Less:
    Trailing expenses	 	0.00
	Add:
    Trailing income	 	0.00
	+/-
    Collection on released loans	 	0.00
	Interest
    on curtailment	 	0.00
	Add:
    Prepayment penalty	 	0.00
	+/-
    Prior period PPP	 	0.00
	Add:
    Collection on STA loans	 	0.00
	Add:
    Non recoverable Credits	 	0.00
	Less:
    Non recoverable advances	 	0.00
	Less:
    Non Loan level expense	 	0.00
	Less:
    Jr Lien Blanket Policy Fee	 	0.00
	Less:
    Pre-approved legal expense	 	0.00
	+/-
    -Reconciliation adjustments	 	0.00
	+
    / - Arrearage remittance	 	 
	Add:
    Principal Arrearage	 	0.00
	Add:
    Interest Arrearage	 	0.00
	+
    / - : Modification Forgiveness of Debt	 	 
	Principal
    Forgiveness	 	0.00
	Interest
    Forgiveness	 	0.00
	Expense
    Forgiveness	 	0.00
	Scheduling
    Difference	 	0.00
	Deffered
    Principal Loss	 	0.00
	SAM
    waived balance loss	 	0.00
	Investor
    Incentives	 	0.00
	Less:
    Compensating Interest adjustment	 	0.00
	 	 	 
	Total
    Remittance	 	0.00
	 	 	 
	Beg
    Sch Balance	 	0.00
	Ending
    Principal Balance	 	0.00
	Beg
    Actual Balance	 	0.00
	Ending
    Actual Principal Balance	 	0.00
	Beg
    Deferred Principal Balance	 	0.00
	Ending
    Deferred Principal Balance	 	0.00
	Beg
    Loan count	 	0.00
	Payoffs	 	0.00
	End
    Loan count	 	0.00
	Principal
    Roll Test	 	0.00
	Loan
    Count Test	 	0.00
	 	 	 
	Non
    Supporting Compensating Interest	 	0.00
	Wire
    of sub - Investor	 	0.00
	 	 	 
	Grand
    Total for PI Wire	 	0.00

 

 

     

     

    

 

SCHEDULE I

SERVICING AGREEMENTS

	 	Short Form Deal Name	 	
         

        Servicing Agreement
	 	Monthly Reporting 

Date
	1.	DB ACE 2006-ASAP4	 	Pooling and Servicing Agreement, dated as of July 1, 2006, among ACE Securities Corp., as Depositor, Ocwen Loan Servicing, LLC, as Servicer, Wells Fargo Bank, National Association, as Master Servicer and Securities Administrator and HSBC Bank USA, National Association, as Trustee.	 	2573
	2. 	MABS 2006-AM3	 	Pooling and Servicing Agreement, dated as of October 1, 2006, among Mortgage Securitization Transactions, Inc., as Depositor, Ocwen Loan Servicing, LLC, as Servicer, Wells Fargo Bank, National Association, as Master Servicer and Trust Administrator, and U.S. Bank National Association, as Trustee.	 	2585
	3.        	ACE 2007-D1	 	Pooling and Servicing Agreement, dated as of November 1, 2007, among DB Structured Products, Inc., as Seller, ACE Securities Corp., as Depositor, Ocwen Loan Servicing, LLC, as Servicer, Clayton Fixed Income Services Inc., as credit risk manager, HSBC Bank USA, National Association, as Trustee, and Wells Fargo Bank, N.A., as Master Servicer and as Securities Administrator.	 	2657
	4.        	Soundview 2008-1	 	Pooling and Servicing Agreement, dated as of December 1, 2007, among Financial Asset Securities Corp., as depositor, Ocwen Loan Servicing, LLC, as servicer, Wells Fargo Bank, N.A., as master servicer, trust administrator and custodian, and Deutsche Bank National Trust Company, as trustee.	 	2661
	5.        	Morgan Stanley IXIS 2006-2	 	Pooling and Servicing Agreement, dated as of November 1, 2006, among Morgan Stanley ABS Capital I Inc., as depositor, Saxon Mortgage Services, Inc., as a servicer, Countrywide Home Loans Servicing LP, as a servicer, First NLC Financial Services, LLC, as the responsible party, IXIS Real Estate Capital Inc. and Deutsche Bank National Trust Company, as trustee.	 	2749

 

 

     

     

    

 

	6.        	IXIS Real Estate Cap Trust 2007-HE1	 	Pooling and Servicing Agreement, dated as of January 1, 2007, among Morgan Stanley ABS Capital I Inc., as depositor, Wells Fargo Bank, National Association, as master servicer and securities administrator, Saxon Mortgage Services, Inc., as servicer, IXIS Real Estate Capital Inc., as unaffiliated seller, and Deutsche Bank National Trust Company, as trustee and custodian.	 	2753
	7.        	Merrill Lynch Mtg Inv Tr 2006-RM3	 	Pooling and Servicing Agreement, dated as of June 1, 2006, among Merrill Lynch Mortgage Investors, Inc., as depositor, Saxon Mortgage Services, Inc., as servicer, and LaSalle Bank National Association, as trustee.	 	2754
	8.        	Morgan Stanley ABS Cap 2006-HE8	 	Pooling and Servicing Agreement, dated as of November 1, 2006, among Morgan Stanley ABS Capital I Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, securities administrator and a custodian, Saxon Mortgage Services, Inc., as a servicer, Countrywide Home Loans Servicing LP, as a servicer, New Century Mortgage Corporation, as a servicer, NC Capital Corporation, as a responsible party, WMC Mortgage Corp., as a responsible party, Decision One Mortgage Company, LLC, as a responsible party, Deutsche Bank National Trust Company, as trustee and LaSalle Bank National Association and, together with Wells Fargo Bank, National Association, as custodians.	 	2755
	9.        	Morgan Stanley ABS Cap 2007-HE2	 	Pooling and Servicing Agreement, dated as of February 1, 2007, among Morgan Stanley ABS Capital I Inc., as depositor, Saxon Mortgage Services, Inc., as a servicer, Countrywide Home Loans Servicing LP, as a servicer, Wells Fargo Bank, National Association, as a servicer and a custodian, New Century Mortgage Corporation, as a servicer, NC Capital Corporation, as a responsible party, WMC Mortgage Corp., as a responsible party, Decision One Mortgage Company, LLC, as a responsible party, Deutsche Bank National Trust Company, as trustee and LaSalle Bank National Association, as a custodian.	 	2756
	10.        	Morgan Stanley ABS Cap 2007-HE3	 	Pooling and Servicing Agreement, dated as of February 1, 2007, among Morgan Stanley ABS Capital I Inc., as depositor, Saxon Mortgage Services, Inc., as a servicer, Countrywide Home Loans Servicing LP, as a servicer, NC Capital Corporation, as responsible party, Deutsche Bank National Trust Company, as trustee, and Wells Fargo Bank, National Association, as custodian.	 	2757

 

 

     

     

    
 

	11.        	Morgan Stanley ABS Cap 2007-NC1	 	Pooling and Servicing Agreement, dated as of January 1, 2007, among Morgan Stanley ABS Capital I Inc., as depositor, Countrywide Home Loans Servicing LP, as a servicer, Saxon Mortgage Services, Inc., as a servicer, NC Capital Corporation, as a responsible party, and Deutsche Bank National Trust Company, as trustee.	 	2758
	12.        	IXIS RE Capital Trust 2006-HE2	 	Pooling and Servicing Agreement, dated as of May 1, 2006, by and among Morgan Stanley ABS Capital I Inc., as Depositor, JPMorgan Chase Bank, National Association, as Master Servicer, Backup Servicer and Securities Administrator, Saxon Mortgage Services, Inc., as Servicer, Master Financial, Inc., as Servicer, IXIS Real Estate Capital Inc., as Unaffiliated Seller, and Deutsche Bank National Trust Company, as Trustee and Custodian.	 	2751
	13.        	IXIS Real Estate Cap Trust 2006-HE3	 	Pooling and Servicing Agreement, dated as of September 1, 2006, by and among Morgan Stanley ABS Capital I Inc., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, Backup Servicer and Securities Administrator, Saxon Mortgage Services, Inc., as Servicer, Master Financial, Inc., as Servicer, IXIS Real Estate Capital Inc., an Unaffiliated Seller, and Deutsche Bank National Trust Company, as Trustee and Custodian.	 	2752
	14.        	Morgan Stanley ABS Cap 2007-NC2	 	Pooling and Servicing Agreement, dated as of April 1, 2007, by and among Morgan Stanley ABS Capital I Inc., as Depositor, Wells Fargo Bank, National Association, as Master Servicer and Securities Administrator, Saxon Mortgage Services, Inc., as Servicer, Countrywide Home Loans Servicing LP, as Servicer, and Deutsche Bank National Trust Company, as Trustee.	 	2759

 

     

     

    

Schedule
II

 

Underlying Documents

 

None

 

 

 

 

     

     

    

SCHEDULE III

RETAINED SERVICING FEE PERCENTAGE

	  	From Month1	 	To Month	 	Retained Fee	 	 
	 	1	 	3	 	31.5 bps	 	 
	 	4	 	6	 	30.5 bps	 	 
	 	7	 	12	 	29.5 bps	 	 
	 	13	 	18	 	28.5 bps	 	 
	 	19	 	24	 	27.5 bps	 	 
	 	25	 	30	 	27.5 bps	 	 
	 	31	 	36	 	27.5 bps	 	 
	 	37	 	42	 	27.0 bps	 	 
	 	43	 	48	 	27.0 bps	 	 
	 	49	 	54	 	27.0 bps	 	 
	 	55	 	60	 	27.0 bps	 	 
	 	61	 	66	 	27.0 bps	 	 
	 	67	 	72	 	27.0 bps	 	 
	 	 	 	 	 	 	 	 
	1 Starting with May, 2012. 

 

 

     

     

    

SCHEDULE IV

TARGET RATIO SCHEDULE

	Month1	Target Advance Ratio
	 	 
	1	3.07%
	2	2.99%
	3	2.92%
	4	2.85%
	5	2.77%
	6	2.71%
	7	2.64%
	8	2.57%
	9	2.51%
	10	2.45%
	11	2.38%
	12	2.32%
	13	2.27%
	14	2.21%
	15	2.15%
	16	2.10%
	17	2.05%
	18	2.00%
	19	2.00%
	20	2.00%
	21	2.00%
	22	2.00%
	23	2.00%
	24	2.00%
	25	2.00% 
	 	 
	26	2.00%
	27	2.00%
	28	2.00%
	29	2.00%
	30	2.00%
	31	2.00%
	32	2.00%
	33	2.00%
	34	2.00%
	35	2.00%
	36	2.00%
	37	2.00%
	 	 
	 	 

 

 

1 Starting with May, 2012.

 

 

     

     

    

 

	Month1	 	Target Advance Ratio
	 	 	 
	38	 	2.00%
	39	 	2.00%
	40	 	2.00%
	41	 	2.00%
	42	 	2.00%
	43	 	2.00%
	44	 	2.00%
	45	 	2.00%
	46	 	2.00%
	47	 	2.00%
	48	 	2.00%
	49	 	2.00%
	50	 	2.00%
	51	 	2.00%
	52	 	2.00%
	53	 	2.00%
	54	 	2.00%
	55	 	2.00%
	56	 	2.00%
	57	 	2.00%
	58	 	2.00%
	59	 	2.00%
	60	 	2.00%
	61	 	2.00%
	62	 	2.00%
	63	 	2.00%
	64	 	2.00%
	65	 	2.00%
	66	 	2.00%
	67	 	2.00%
	68	 	2.00%
	69	 	2.00%
	70	 	2.00%
	71	 	2.00%
	72	 	2.00%

 

 

     

     

    

 

SCHEDULE V

VALUATION PERCENTAGE

	Investor Number	 	Purchase Price (bps)
	 	 	 
	2573	 	28.83
	2585	 	23.35
	2657	 	43.56
	2661	 	46.63
	2749	 	39.94
	2751	 	37.81
	2752	 	38.24
	2753	 	35.29
	2754	 	27.54
	2755	 	43.04
	2756	 	40.59
	2757	 	42.56
	2758	 	38.48
	2759	 	35.56

 

 

     

     

    

SCHEDULE
VI

AMORTIZATION PERCENTAGE

 

	Month2	 	Amortization
    

    Percentage
	1	 	100.00%
	2	 	98.50%
	3	 	97.00%
	4	 	95.60%
	5	 	94.20%
	6	 	92.80%
	7	 	91.40%
	8	 	90.00%
	9	 	88.70%
	10	 	87.40%
	11	 	86.00%
	12	 	84.80%
	13	 	83.50%
	14	 	82.30%
	15	 	81.00%
	16	 	79.80%
	17	 	78.60%
	18	 	77.50%
	19	 	76.30%
	20	 	75.20%
	21	 	74.00%
	22	 	72.90%
	23	 	71.80%
	24	 	70.80%
	25	 	69.70%
	26	 	68.70%
	27	 	67.70%
	28	 	66.60%
	29	 	65.70%
	30	 	64.70%
	31	 	63.70%
	32	 	62.80%
	33	 	61.80%
	34	 	60.90%
	35	 	60.00%

 

 

  2 Starting with May, 2012.

 

 

     

     

    
 

 

	36	59.10%
	37	58.20%
	38	57.30%
	39	56.50%
	40	55.70%
	41	54.80%
	42	54.00%
	43	53.20%
	44	52.40%
	45	51.60%
	46	50.90%
	47	50.10%
	48	49.30%
	49	48.60%
	50	47.90%
	51	47.20%
	52	46.50%
	53	45.80%
	54	45.10%
	55	44.40%
	56	43.80%
	57	43.10%
	58	42.50%
	59	41.80%
	60	41.20%
	61	40.60%
	62	40.00%
	63	39.40%
	64	38.80%
	65	38.20%
	66	37.70%
	67	37.10%
	68	36.50%
	69	36.00%
	70	35.50%
	71	34.90%
	72	34.40%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}]]