Document:

Execution Copy

                ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

      Assignment, Assumption and Recognition Agreement (the "Agreement"), dated
February 27, 2006, is among Bank of America, National Association, a national
banking association ("Assignor"), Banc of America Funding Corporation, a
Delaware corporation ("BAFC"), U.S. Bank National Association, a national
banking association, as trustee of the Banc of America Funding 2006-2 Trust
("Assignee"), Wells Fargo Bank, N.A., a national banking association ("Wells
Fargo Bank"), as master servicer of the Banc of America Funding 2006-2 Trust and
National City Mortgage Co., an Ohio corporation ("National City Mortgage").

      WHEREAS, pursuant to (i) that certain Master Seller's Warranties and
Servicing Agreement, dated as of September 1, 2003, by and between Assignor (as
successor in interest to Banc of America Mortgage Capital Corporation
("BAMCC")), as purchaser, and National City Mortgage, as seller, (ii) that
certain Amendment No. 1, dated as of July 1, 2004, by and among BAMCC, National
City Mortgage and the Assignor, (iii) that certain Master Assignment, Assumption
and Recognition Agreement, dated as of July 1, 2004, by and among BAMCC,
National City Mortgage, the Assignor and Wachovia Bank, National Association,
(iv) that certain Amendment No. 2, dated as of October 1, 2004, by and between
National City Mortgage and the Assignor, (v) that certain Amendment No. 3, dated
as of August 11, 2005, by and between National City Mortgage and the Assignor,
(vi) that certain Regulation AB Compliance Addendum to the Master Seller's
Warranties and Servicing Agreement, dated as of January 1, 2006, by and between
National City Mortgage and the Assignor, (vii) that certain Assignment and
Conveyance Agreement, dated as of December 20, 2005, by and between National
City Mortgage and the Assignor and (viii) that certain Assignment and Conveyance
Agreement, dated as of January 19, 2006, by and between National City Mortgage
and the Assignor (collectively, the "Purchase and Servicing Agreement"), each of
which is attached in Appendix I hereto, the Assignor purchased the Mortgage
Loans (as defined herein) from National City Mortgage and National City Mortgage
currently services the Mortgage Loans;

      WHEREAS, on the date hereof, the Assignor is transferring all of its
right, title and interest in and to the Mortgage Loans to BAFC;

      WHEREAS, on the date hereof, BAFC is transferring all of its right, title
and interest in and to the Mortgage Loans to the Assignee; and

      WHEREAS, on the date hereof, Wells Fargo Bank, as master servicer (in such
capacity, the "Master Servicer"), is entering into a Pooling and Servicing
Agreement, dated the date hereof (the "Pooling Agreement), among BAFC, the
Master Servicer, Wells Fargo Bank, as securities administrator (the "Securities
Administrator"), and the Assignee, pursuant to which the Master Servicer will
supervise, monitor and oversee the servicing of the Mortgage Loans.

      For and in consideration of the sum of one dollar ($1.00) and other
valuable consideration the receipt and sufficiency of which are hereby
acknowledged, and of the mutual covenants herein contained, the parties hereto
hereby agree as follows:

      1.    The Assignor hereby grants, transfers and assigns to BAFC, and BAFC
hereby grants, transfers and assigns to Assignee, all of the right, title and
interest of the Assignor in, to and under the Purchase and Servicing Agreement,
and the mortgage loans delivered under such agreement by National City Mortgage
to the Assignor and listed on Exhibit A attached hereto (the "Mortgage Loans").

      The Assignor specifically reserves and does not assign to BAFC or the
Assignee any right, title and interest in, to or under any mortgage loan subject
to the Purchase and Servicing Agreement other than the Mortgage Loans.

      2.    The Assignor warrants and represents to, and covenants with, BAFC
and the Assignee that:

      a.    The Assignor is the lawful owner of the Mortgage Loans with the full
            right to transfer the Mortgage Loans free from any and all claims
            and encumbrances whatsoever;

      b.    The Assignor has not received notice of, and has no knowledge of,
            any offsets, counterclaims or other defenses available to National
            City Mortgage with respect to the Purchase and Servicing Agreement
            or the Mortgage Loans;

      c.    The Assignor has not waived or agreed to any waiver under, or agreed
            to any amendment or other modification of, the Purchase and
            Servicing Agreement or the Mortgage Loans, including without
            limitation the transfer of the servicing obligations under the
            Purchase and Servicing Agreement. The Assignor has no knowledge of,
            and has not received notice of, any waivers under or amendments or
            other modifications of, or assignments of rights or obligations
            under, the Purchase and Servicing Agreement or the Mortgage Loans;
            and

      d.    Neither the Assignor nor anyone acting on its behalf has offered,
            transferred, pledged, sold or otherwise disposed of the Mortgage
            Loans, any interest in the Mortgage Loans or any other similar
            security to, or solicited any offer to buy or accept a transfer,
            pledge or other disposition of the Mortgage Loans, any interest in
            the Mortgage Loans or any other similar security from, or otherwise
            approached or negotiated with respect to the Mortgage Loans, any
            interest in the Mortgage Loans or any other similar security with,
            any person in any manner, or made any general solicitation by means
            of general advertising or in any other manner, or taken any other
            action which would constitute a distribution of the Mortgage Loans
            under the Securities Act of 1933, as amended (the "Securities Act"),
            or which would render the disposition of the Mortgage

                                        2

            Loans a violation of Section 5 of the Securities Act or require
            registration pursuant thereto.

      3.    From and after the date hereof, National City Mortgage shall (i)
note the transfer of the Mortgage Loans to the Assignee in its books and
records, (ii) recognize the Assignee as the owner of the Mortgage Loans and
(iii) notwithstanding anything to the contrary contained in Section 7.01 of the
Purchase and Servicing Agreement, continue to service the Mortgage Loans
pursuant to the Purchase and Servicing Agreement, as modified by Section 9
hereof, for the benefit of the Assignee.

      4.    National City Mortgage acknowledges that the Master Servicer,
pursuant to the Pooling Agreement, will administer on behalf of the Assignee the
terms and conditions of the Purchase and Servicing Agreement. The Master
Servicer shall be authorized to enforce directly against National City Mortgage
any of the obligations of National City Mortgage to the Assignor or its
assignees provided for in the Purchase and Servicing Agreement including,
without limitation, the right to exercise any and all rights of the Assignor
(but not the obligations) under the Purchase and Servicing Agreement to monitor
and enforce the obligations of National City Mortgage thereunder, the right to
terminate National City Mortgage under the Purchase and Servicing Agreement upon
the occurrence of an event of default thereunder, the right to receive all
remittances required to be made by National City Mortgage under the Purchase and
Servicing Agreement, the right to receive all monthly reports and other data
required to be delivered by National City Mortgage under the Purchase and
Servicing Agreement, the right to examine the books and records of National City
Mortgage, indemnification rights, and the right to exercise certain rights of
consent and approval relating to actions taken by National City Mortgage. All
remittances by National City Mortgage shall be made to the account or accounts
designated by the Master Servicer to National City Mortgage in writing from time
to time. Wire remittances shall be sent to: WELLS FARGO BANK, N.A., ABA#
121000248, FOR CREDIT TO: SAS CLEARING, ACCT: 3970771416, FFC TO: BAFC 2006-2 #
50895800.

      5.    National City Mortgage hereby represents and warrants to each of the
other parties hereto (i) that the representations and warranties of National
City Mortgage in Sections 3.01 and 3.02 of the Purchase and Servicing Agreement
are true and correct in all material respects as of the date hereof with the
same force and effect as though expressly made at and/or as of the date hereof,
(ii) that it has serviced the Mortgage Loans in accordance with the terms of the
Purchase and Servicing Agreement, (iii) that it has taken no action nor omitted
to take any required action the omission of which would have the effect of
impairing any mortgage insurance or guarantee on the Mortgage Loans and (iv)
that any information provided by it on or before the date hereof to any of the
parties hereto is true and correct in all material respects.

      6.    National City Mortgage hereby agrees that, in connection with each
Mortgage Loan of which the related Mortgage has been recorded in the name of
MERS or its designee, it shall take all actions as are necessary to cause the
Assignee, as trustee of the Trust pursuant to the Pooling Agreement, to be shown
as the owner of such Mortgage Loan on the records of MERS for purposes of the
system of recording transfers of beneficial ownership of mortgages maintained by
MERS.

                                        3

      7.    In accordance with Sections 2.01 and 7.01 of the Purchase and
Servicing Agreement, the Assignor hereby instructs National City Mortgage, and
National City Mortgage hereby agrees, to release from its custody and deliver
the contents of the Mortgage File (as defined in the Purchase and Servicing
Agreement) for each Mortgage Loan to the Assignee, in its capacity as custodian
under the Pooling Agreement, at the address set forth in Section 10 hereof on or
before the closing date of the related Pass-Through Transfer (as defined in the
Purchase and Servicing Agreement).

      8.    National City Mortgage hereby agrees that any repurchase or
substitution of a Mortgage Loan pursuant to Section 3.03 of the Purchase and
Servicing Agreement will be done so in accordance with the provisions set forth
in Section 2.02 of the Pooling Agreement.

      9.    National City Mortgage, BAFC and Assignee hereby agree to the
following modifications to the Purchase and Servicing Agreement solely with
respect to the Mortgage Loans:

      a.    Article I. The definition of "Qualified Substitute Mortgage Loan" is
            hereby replaced in its entirety with the following:

            "A mortgage loan eligible to be substituted by the Company for a
            Deleted Mortgage Loan which must, on the date of such substitution
            be approved by the Purchaser and (i) have an outstanding principal
            balance, after deduction of all scheduled payments due in the month
            of substitution (or in the case of a substitution of more than one
            mortgage loan for a Deleted Mortgage Loan, an aggregate principal
            balance), not in excess of the Stated Principal Balance of the
            Deleted Mortgage Loan; (ii) have a Mortgage Loan Remittance Rate not
            less than, and not more than 2% greater than the Mortgage Loan
            Remittance Rate of the Deleted Mortgage Loan; (iii) have a remaining
            term to maturity not greater than and not more than one year less
            than that of the Deleted Mortgage Loan; (iv) comply with each
            representation and warranty set forth in Sections 3.01 and 3.02; (v)
            be of the same type as the Deleted Mortgage Loan; (vi) have a FICO
            score not less than that of the Deleted Mortgage Loan, (vii) have an
            LTV not greater than that of the Deleted Mortgage Loan; (viii) have
            a credit grade not lower in quality than that of the Deleted
            Mortgage Loan and (ix) have the same lien status as the Deleted
            Mortgage Loan."

      b.    Section 3.02. Section 3.02(mm) is hereby amended by inserting the
            language "(c), Appendix E" immediately following "Glossary Version
            5.6."

      c.    Section 5.01. The second paragraph of Section 5.01 is modified to
            delete the phrase "the second Business Day following" in the first
            and second line, to delete the word "second" occurring before the
            phrase "Business Day" in the second sentence, and to insert the
            phrase "on which such payment was due" after the first occurrence of
            the phrase "Business Day" in the second sentence.

                                        4

      d.    Section 5.02. The second paragraph of Section 5.02 is hereby
            modified to read as follows:

            "Not later than the fifth (5th) Business Day of each month, the
            Company shall furnish to the Purchaser a delinquency report in the
            form set forth in Exhibit E-1, a monthly remittance advice in the
            form set forth in Exhibit E-2, and a realized loss report in the
            form set forth in Exhibit E-3, each in a mutually agreeable
            electronic format, as to the remittance on such Remittance Date and
            as to the period ending on the last day of the month preceding such
            Remittance Date."

            The exhibits referenced in this Section 9(d) are attached to this
            Agreement as Exhibit B hereto.

      e.    For purposes of clarification, the Servicing Fee Rate is equal to
            0.250% per annum.

            For purposes of clarification, the Company is not obligated under
            the Purchase and Servicing Agreement to advance the amount of any
            reduction in a Mortgagor's monthly payment due to the operation of
            the Servicemembers Civil Relief Act.

      10.   The Assignee's address for purposes of all notices and
correspondence related to the Mortgage Loans and the Purchase and Servicing
Agreement is:

            U.S. Bank National Association
            209 S. LaSalle Street, Suite 300
            Chicago, Illinois 60604
            Attention: Structured Finance Trust Services, BAFC 2006-2

      The Assignor's address for purposes of all notices and correspondence
related to the Mortgage Loans and the Purchase and Servicing Agreement is:

            Bank of America, National Association
            214 North Tryon Street
            Charlotte, North Carolina 28255
            Attention: Managing Director

      BAFC's address for purposes of all notices and correspondence related to
the Mortgage Loans is:

            Banc of America Funding Corporation
            214 North Tryon Street
            Charlotte, North Carolina 28255
            Attention: General Counsel and Chief Financial Officer

                               [Signatures Follow]

                                        5

      IN WITNESS WHEREOF, the parties have caused this Assignment, Assumption
and Recognition Agreement to be executed by their duly authorized officers as of
the date first above written.

                                       Bank of America, National Association,
                                       as Assignor

                                       By: /s/ Bruce W. Good
                                           ----------------------------------
                                       Name: Bruce W. Good
                                       Title: Vice President

                                       U.S. Bank National Association,
                                       as Assignee

                                       By: /s/ Melissa A. Rosal
                                           ----------------------------------
                                       Name: Melissa A. Rosal
                                       Title: Vice President

                                       Banc of America Funding Corporation

                                       By: /s/ Scott Evans
                                           ----------------------------------
                                       Name: Scott Evans
                                       Title: Senior Vice President

                                       National City Mortgage Co., as servicer

                                       By: /s/ Mary Beth Criswell
                                           ----------------------------------
                                       Name: Mary Beth Criswell
                                       Title: Vice President

Acknowledged and Agreed
as of the date first above written:

Wells Fargo Bank, N.A., as master servicer

By: /s/ Peter A. Gobell
    --------------------------------------
Name: Peter A. Gobell
Title: Vice President

       [ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT FOR BAFC 2006-2]

                                [DO NOT EXECUTE]

                                    EXHIBIT A

                           Schedule of Mortgage Loans

                                       A-1

                                    EXHIBIT B

EXHIBIT E-1 STANDARD FILE LAYOUT - DELINQUENCY REPORTING

-----------------------------------------------------------------------------------------------------------------
COLUMN/HEADER NAME                                DESCRIPTION                     DECIMAL      FORMAT COMMENT
-----------------------------------------------------------------------------------------------------------------

SERVICER_LOAN_NBR              A unique number assigned to a loan by the
                               Servicer. This may be different than the
                               LOAN_NBR
-----------------------------------------------------------------------------------------------------------------
LOAN_NBR                       A unique identifier assigned to each loan by the
                               originator.
-----------------------------------------------------------------------------------------------------------------
CLIENT_NBR                     Servicer Client Number
-----------------------------------------------------------------------------------------------------------------
SERV_INVESTOR_NBR              Contains a unique number as assigned by an
                               external servicer to identify a group of loans in
                               their system.
-----------------------------------------------------------------------------------------------------------------
BORROWER_FIRST_NAME            First Name of the Borrower.
-----------------------------------------------------------------------------------------------------------------
BORROWER_LAST_NAME             Last name of the borrower.
-----------------------------------------------------------------------------------------------------------------
PROP_ADDRESS                   Street Name and Number of Property
-----------------------------------------------------------------------------------------------------------------
PROP_STATE                     The state where the  property located.
-----------------------------------------------------------------------------------------------------------------
PROP_ZIP                       Zip code where the property is located.
-----------------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE         The date that the borrower's next payment                    MM/DD/YYYY
                               is due to the servicer at the end of
                               processing cycle, as reported by Servicer.
-----------------------------------------------------------------------------------------------------------------
LOAN_TYPE                      Loan Type (i.e. FHA, VA, Conv)
-----------------------------------------------------------------------------------------------------------------
BANKRUPTCY_FILED_DATE          The date a particular bankruptcy claim was filed.            MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------
BANKRUPTCY_CHAPTER_CODE        The chapter under which the bankruptcy was filed.
-----------------------------------------------------------------------------------------------------------------
BANKRUPTCY_CASE_NBR            The case number assigned by the court to the
                               bankruptcy filing.
-----------------------------------------------------------------------------------------------------------------
POST_PETITION_DUE_DATE         The payment due date once the bankruptcy has                 MM/DD/YYYY
                               been approved by the courts
-----------------------------------------------------------------------------------------------------------------
BANKRUPTCY_DCHRG_DISM_DATE     The Date The Loan Is Removed From Bankruptcy.                MM/DD/YYYY
                               Either by Dismissal, Discharged and/or a Motion
                               For Relief Was Granted.
-----------------------------------------------------------------------------------------------------------------
LOSS_MIT_APPR_DATE             The Date The Loss Mitigation Was Approved By The             MM/DD/YYYY
                               Servicer
-----------------------------------------------------------------------------------------------------------------
LOSS_MIT_TYPE                  The Type Of Loss Mitigation Approved For A Loan
                               Such As;
-----------------------------------------------------------------------------------------------------------------
LOSS_MIT_EST_COMP_DATE         The Date The Loss Mitigation /Plan Is Scheduled              MM/DD/YYYY
                               To End/Close
-----------------------------------------------------------------------------------------------------------------
LOSS_MIT_ACT_COMP_DATE         The Date The Loss Mitigation Is Actually                     MM/DD/YYYY
                               Completed
-----------------------------------------------------------------------------------------------------------------
FRCLSR_APPROVED_DATE           The date DA Admin sends a letter to the                      MM/DD/YYYY
                               servicer with instructions to begin
                               foreclosure proceedings.
-----------------------------------------------------------------------------------------------------------------
ATTORNEY_REFERRAL_DATE         Date File Was Referred To Attorney to Pursue                 MM/DD/YYYY
                               Foreclosure
-----------------------------------------------------------------------------------------------------------------
FIRST_LEGAL_DATE               Notice of 1st legal filed by an Attorney in                  MM/DD/YYYY
                               a Foreclosure Action
-----------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_EXPECTED_DATE      The date by which a foreclosure sale is                      MM/DD/YYYY
                               expected to occur.
-----------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_DATE               The actual date of the foreclosure sale.                     MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_AMT                The amount a property sold for at the                 2      No commas(,) or
                               foreclosure sale.                                            dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
EVICTION_START_DATE            The date the servicer initiates eviction of the              MM/DD/YYYY
                               borrower.
-----------------------------------------------------------------------------------------------------------------
EVICTION_COMPLETED_DATE        The date the court revokes legal possession                  MM/DD/YYYY
                               of the property from the borrower.
-----------------------------------------------------------------------------------------------------------------
LIST_PRICE                     The price at which an REO property is marketed.       2      No commas(,) or
                                                                                            dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
LIST_DATE                      The date an REO property is listed at a                      MM/DD/YYYY
                               particular price.
-----------------------------------------------------------------------------------------------------------------

                                       A-1

-----------------------------------------------------------------------------------------------------------------
OFFER_AMT                      The dollar value of an offer for an REO               2      No commas(,) or
                               property.                                                    dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
OFFER_DATE_TIME                The date an offer is received by DA Admin                    MM/DD/YYYY
                               or by the Servicer.
-----------------------------------------------------------------------------------------------------------------
REO_CLOSING_DATE               The date the REO sale of the property is                     MM/DD/YYYY
                               scheduled to close.
-----------------------------------------------------------------------------------------------------------------
REO_ACTUAL_CLOSING_DATE        Actual Date Of REO Sale                                      MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------
OCCUPANT_CODE                  Classification of how the property is occupied.
-----------------------------------------------------------------------------------------------------------------
PROP_CONDITION_CODE            A code that indicates the condition of the
                               property.
-----------------------------------------------------------------------------------------------------------------
PROP_INSPECTION_DATE           The date a  property inspection is                           MM/DD/YYYY
                               performed.
-----------------------------------------------------------------------------------------------------------------
APPRAISAL_DATE                 The date the appraisal was done.                             MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------
CURR_PROP_VAL                  The current "as is" value of the property             2
                               based on brokers price opinion or appraisal.
-----------------------------------------------------------------------------------------------------------------
REPAIRED_PROP_VAL              The amount the property would be worth if             2
                               repairs are completed pursuant to a broker's
                               price opinion or appraisal.
-----------------------------------------------------------------------------------------------------------------
IF APPLICABLE:
-----------------------------------------------------------------------------------------------------------------
DELINQ_STATUS_CODE             FNMA Code Describing Status of Loan
-----------------------------------------------------------------------------------------------------------------
DELINQ_REASON_CODE             The circumstances which caused a borrower to stop
                               paying on a loan. Code indicates the reason why
                               the loan is in default for this cycle.
-----------------------------------------------------------------------------------------------------------------
MI_CLAIM_FILED_DATE            Date Mortgage Insurance Claim Was Filed                      MM/DD/YYYY
                               With Mortgage Insurance Company.
-----------------------------------------------------------------------------------------------------------------
MI_CLAIM_AMT                   Amount of Mortgage Insurance Claim Filed                     No commas(,) or
                                                                                            dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
MI_CLAIM_PAID_DATE             Date Mortgage Insurance Company Disbursed                    MM/DD/YYYY
                               Claim Payment
-----------------------------------------------------------------------------------------------------------------
MI_CLAIM_AMT_PAID              Amount Mortgage Insurance Company Paid On             2      No commas(,) or
                               Claim                                                        dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
POOL_CLAIM_FILED_DATE          Date Claim Was Filed With Pool Insurance                     MM/DD/YYYY
                               Company
-----------------------------------------------------------------------------------------------------------------
POOL_CLAIM_AMT                 Amount of Claim Filed With Pool Insurance             2      No commas(,) or
                               Company                                                      dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
POOL_CLAIM_PAID_DATE           Date Claim Was Settled and The Check Was                     MM/DD/YYYY
                               Issued By The Pool Insurer
-----------------------------------------------------------------------------------------------------------------
POOL_CLAIM_AMT_PAID            Amount Paid On Claim By Pool Insurance                2      No commas(,) or
                               Company                                                      dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
FHA_PART_A_CLAIM_FILED_DATE    Date FHA Part A Claim Was Filed With HUD                     MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------
FHA_PART_A_CLAIM_AMT           Amount of FHA Part A Claim Filed                      2      No commas(,) or
                                                                                            dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
FHA_PART_A_CLAIM_PAID_DATE     Date HUD Disbursed Part A Claim Payment                      MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------
FHA_PART_A_CLAIM_PAID_AMT      Amount HUD Paid on Part A Claim                       2      No commas(,) or
                                                                                            dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
FHA_PART_B_CLAIM_FILED_DATE    Date FHA Part B Claim Was Filed With HUD                     MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------
FHA_PART_B_CLAIM_AMT           Amount of FHA Part B Claim Filed                      2      No commas(,) or
                                                                                            dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
FHA_PART_B_CLAIM_PAID_DATE     Date HUD Disbursed Part B Claim Payment                      MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------
FHA_PART_B_CLAIM_PAID_AMT      Amount HUD Paid on Part B Claim                       2      No commas(,) or
                                                                                            dollar signs ($)
-----------------------------------------------------------------------------------------------------------------
VA_CLAIM_FILED_DATE            Date VA Claim Was Filed With the Veterans                    MM/DD/YYYY
                               Admin
-----------------------------------------------------------------------------------------------------------------
VA_CLAIM_PAID_DATE             Date Veterans Admin. Disbursed VA Claim                      MM/DD/YYYY
                               Payment
-----------------------------------------------------------------------------------------------------------------
VA_CLAIM_PAID_AMT              Amount Veterans Admin. Paid on VA Claim               2      No commas(,) or
                                                                                            dollar signs ($)
-----------------------------------------------------------------------------------------------------------------

                                       A-1

EXHIBIT E-1: STANDARD FILE CODES - DELINQUENCY REPORTING

The LOSS MIT TYPE field should show the approved Loss Mitigation Code as
follows:

      o   ASUM- Approved Assumption

      o   BAP- Borrower Assistance Program

      o   CO- Charge Off

      o   DIL- Deed-in-Lieu

      o   FFA- Formal Forbearance Agreement

      o   MOD- Loan Modification

      o   PRE- Pre-Sale

      o   SS- Short Sale

      o   MISC- Anything else approved by the PMI or Pool Insurer

NOTE: Wells Fargo Bank will accept alternative Loss Mitigation Types to those
above, provided that they are consistent with industry standards. If Loss
Mitigation Types other than those above are used, the Servicer must supply Wells
Fargo Bank with a description of each of the Loss Mitigation Types prior to
sending the file.

The OCCUPANT CODE field should show the current status of the property code as
follows:

      o   Mortgagor

      o   Tenant

      o   Unknown

      o   Vacant

The PROPERTY CONDITION field should show the last reported condition of the
property as follows:

      o   Damaged

      o   Excellent

      o   Fair

      o   Gone

      o   Good

      o   Poor

      o   Special Hazard

      o   Unknown

                                       A-1

EXHIBIT E-1: STANDARD FILE CODES - DELINQUENCY REPORTING, CONTINUED

The FNMA DELINQUENT REASON CODE field should show the Reason for Delinquency as
follows:

            ----------------------------------------------------------------
            DELINQUENCY CODE     DELINQUENCY DESCRIPTION
            ----------------------------------------------------------------
            001                  FNMA-Death of principal mortgagor
            002                  FNMA-Illness of principal mortgagor
            003                  FNMA-Illness of mortgagor's family member
            004                  FNMA-Death of mortgagor's family member
            005                  FNMA-Marital difficulties
            006                  FNMA-Curtailment of income
            007                  FNMA-Excessive Obligation
            008                  FNMA-Abandonment of property
            009                  FNMA-Distant employee transfer
            011                  FNMA-Property problem
            012                  FNMA-Inability to sell property
            013                  FNMA-Inability to rent property
            014                  FNMA-Military Service
            015                  FNMA-Other
            016                  FNMA-Unemployment
            017                  FNMA-Business failure
            019                  FNMA-Casualty loss
            022                  FNMA-Energy environment costs
            023                  FNMA-Servicing problems
            026                  FNMA-Payment adjustment
            027                  FNMA-Payment dispute
            029                  FNMA-Transfer of ownership pending
            030                  FNMA-Fraud
            031                  FNMA-Unable to contact borrower
            INC                  FNMA-Incarceration

                                       A-1

EXHIBIT E-1: STANDARD FILE CODES - DELINQUENCY REPORTING, CONTINUED

The FNMA DELINQUENT STATUS CODE field should show the Status of Default as
follows:

            ----------------------------------------------------------------
              STATUS CODE        STATUS DESCRIPTION
            ----------------------------------------------------------------
                  09             Forbearance
                  17             Pre-foreclosure Sale Closing Plan Accepted
                  24             Government Seizure
                  26             Refinance
                  27             Assumption
                  28             Modification
                  29             Charge-Off
                  30             Third Party Sale
                  31             Probate
                  32             Military Indulgence
                  43             Foreclosure Started
                  44             Deed-in-Lieu Started
                  49             Assignment Completed
                  61             Second Lien Considerations
                  62             Veteran's Affairs-No Bid
                  63             Veteran's Affairs-Refund
                  64             Veteran's Affairs-Buydown
                  65             Chapter 7 Bankruptcy
                  66             Chapter 11 Bankruptcy
                  67             Chapter 13 Bankruptcy

                                       A-1

EXHIBIT E-2: STANDARD FILE LAYOUT - SCHEDULED/SCHEDULED

-----------------------------------------------------------------------------------------------------------------------
COLUMN NAME                DESCRIPTION                                 DECIMAL  FORMAT COMMENT                      MAX
                                                                                                                    SIZE
-----------------------------------------------------------------------------------------------------------------------

SER_INVESTOR_NBR           A value assigned by the Servicer to                  Text up to 10 digits                 20
                           define a group of loans.
-----------------------------------------------------------------------------------------------------------------------
LOAN_NBR                   A unique identifier assigned to each                 Text up to 10 digits                 10
                           loan by the investor.
-----------------------------------------------------------------------------------------------------------------------
SERVICER_LOAN_NBR          A unique number assigned to a loan by                Text up to 10 digits                 10
                           the Servicer. This may be different
                           than the LOAN_NBR.
-----------------------------------------------------------------------------------------------------------------------
BORROWER_NAME              The borrower name as received in the                 Maximum length of 30 (Last,          30
                           file. It is not separated by first and               First)
                           last name.
-----------------------------------------------------------------------------------------------------------------------
SCHED_PAY_AMT              Scheduled monthly principal and                2     No commas(,) or dollar signs         11
                           scheduled interest payment that a                    ($)
                           borrower is expected to pay, P&I
                           constant.
-----------------------------------------------------------------------------------------------------------------------
NOTE_INT_RATE              The loan interest rate as reported by          4     Max length of 6                       6
                           the Servicer.
-----------------------------------------------------------------------------------------------------------------------
NET_INT_RATE               The loan gross interest rate less the          4     Max length of 6                       6
                           service fee rate as reported by the
                           Servicer.
-----------------------------------------------------------------------------------------------------------------------
SERV_FEE_RATE              The servicer's fee rate for a loan as          4     Max length of 6                       6
                           reported by the Servicer.
-----------------------------------------------------------------------------------------------------------------------
SERV_FEE_AMT               The servicer's fee amount for a loan as        2     No commas(,) or dollar signs         11
                           reported by the Servicer.                            ($)
-----------------------------------------------------------------------------------------------------------------------
NEW_PAY_AMT                The new loan payment amount as reported        2     No commas(,) or dollar signs         11
                           by the Servicer.                                     ($)
-----------------------------------------------------------------------------------------------------------------------
NEW_LOAN_RATE              The new loan rate as reported by the           4     Max length of 6                       6
                           Servicer.
-----------------------------------------------------------------------------------------------------------------------
ARM_INDEX_RATE             The index the Servicer is using to             4     Max length of 6                       6
                           calculate a forecasted rate.
-----------------------------------------------------------------------------------------------------------------------
ACTL_BEG_PRIN_BAL          The borrower's actual principal balance        2     No commas(,) or dollar signs         11
                           at the beginning of the processing                   ($)
                           cycle.
-----------------------------------------------------------------------------------------------------------------------
ACTL_END_PRIN_BAL          The borrower's actual principal balance        2     No commas(,) or dollar signs         11
                           at the end of the processing cycle.                  ($)
-----------------------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE     The date at the end of processing cycle              MM/DD/YYYY                           10
                           that the borrower's next payment is due
                           to the Servicer, as reported by
                           Servicer.
-----------------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_1            The first curtailment amount to be             2     No commas(,) or dollar signs         11
                           applied.                                             ($)
-----------------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_1           The curtailment date associated with                 MM/DD/YYYY                           10
                           the first curtailment amount.
-----------------------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_1            The curtailment interest on the first          2     No commas(,) or dollar signs         11
                           curtailment amount, if applicable.                   ($)
-----------------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_2            The second curtailment amount to be            2     No commas(,) or dollar signs         11
                           applied.                                             ($)
-----------------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_2           The curtailment date associated with                 MM/DD/YYYY                           10
                           the second curtailment amount.
-----------------------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_2            The curtailment interest on the second         2     No commas(,) or dollar signs         11
                           curtailment amount, if applicable.                   ($)
-----------------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_3            The third curtailment amount to be             2     No commas(,) or dollar signs         11
                           applied.                                             ($)
-----------------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_3           The curtailment date associated with                 MM/DD/YYYY                           10
                           the third curtailment amount.
-----------------------------------------------------------------------------------------------------------------------
CURT_ADJ_AMT_3             The curtailment interest on the third          2     No commas(,) or dollar signs         11
                           curtailment amount, if applicable.                   ($)
-----------------------------------------------------------------------------------------------------------------------
PIF_AMT                    The loan "paid in full" amount as              2     No commas(,) or dollar signs         11
                           reported by the Servicer.                            ($)
-----------------------------------------------------------------------------------------------------------------------
PIF_DATE                   The paid in full date as reported by                 MM/DD/YYYY                           10
                           the Servicer.
-----------------------------------------------------------------------------------------------------------------------
ACTION_CODE                The standard FNMA numeric code used to               Action Code Key:                      2
                           indicate the default/delinquent status               15=Bankruptcy, 30=Foreclosure,
                           of a particular loan.                                , 60=PIF, 63=Substitution,
                                                                                65=Repurchase,70=REO
-----------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------
INT_ADJ_AMT                The amount of the interest adjustment          2     No commas(,) or dollar signs         11
                           as reported by the Servicer.                         ($)
-----------------------------------------------------------------------------------------------------------------------
SOLDIER_SAILOR_ADJ_AMT     The Soldier and Sailor Adjustment,             2     No commas(,) or dollar signs         11
                           amount if applicable.                                ($)
-----------------------------------------------------------------------------------------------------------------------
NON_ADV_LOAN_AMT           The Non Recoverable Loan Amount, if            2     No commas(,) or dollar signs         11
                           applicable.                                          ($)
-----------------------------------------------------------------------------------------------------------------------
LOAN_LOSS_AMT              The amount the Servicer is passing as a        2     No commas(,) or dollar signs         11
                           loss, if applicable.                                 ($)
-----------------------------------------------------------------------------------------------------------------------
SCHED_BEG_PRIN_BAL         The scheduled outstanding principal            2     No commas(,) or dollar signs         11
                           amount due at the beginning of the                   ($)
                           cycle date to be passed through to
                           investors.
-----------------------------------------------------------------------------------------------------------------------
SCHED_END_PRIN_BAL         The scheduled principal balance due to         2     No commas(,) or dollar signs         11
                           investors at the end of a processing                 ($)
                           cycle.
-----------------------------------------------------------------------------------------------------------------------
SCHED_PRIN_AMT             The scheduled principal amount as              2     No commas(,) or dollar signs         11
                           reported by the Servicer for the                     ($)
                           current cycle -- only applicable for
                           Scheduled/Scheduled Loans.
-----------------------------------------------------------------------------------------------------------------------
SCHED_NET_INT              The scheduled gross interest amount            2     No commas(,) or dollar signs ($)     11
                           less the service fee amount for the
                           current cycle as reported by the
                           Servicer -- only applicable for
                           Scheduled/Scheduled Loans.
-----------------------------------------------------------------------------------------------------------------------
ACTL_PRIN_AMT              The actual principal amount collected          2     No commas(,) or dollar signs ($)     11
                           by the Servicer for the current
                           reporting cycle -- only applicable for
                           Actual/Actual Loans.
-----------------------------------------------------------------------------------------------------------------------
ACTL_NET_INT               The actual gross interest amount less          2     No commas(,) or dollar signs ($)     11
                           the service fee amount for the current
                           reporting cycle as reported by the
                           Servicer -- only applicable for
                           Actual/Actual Loans.
-----------------------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ AMT        The penalty amount received when a             2     No commas(,) or dollar signs ($)     11
                           borrower prepays on his loan as
                           reported by the Servicer.
-----------------------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ WAIVED     The prepayment penalty amount for the          2     No commas(,) or dollar signs         11
                           loan waived by the servicer.                         ($)
-----------------------------------------------------------------------------------------------------------------------
MOD_DATE                   The Effective Payment Date of the                    MM/DD/YYYY                           10
                           Modification for the loan.
-----------------------------------------------------------------------------------------------------------------------
MOD_TYPE                   The Modification Type.                               Varchar - value can be alpha         30
                                                                                or numeric
-----------------------------------------------------------------------------------------------------------------------
DELINQ_P&I_ADVANCE_AMT     The current outstanding principal and          2     No commas(,) or dollar signs         11
                           interest advances made by Servicer.                  ($)
-----------------------------------------------------------------------------------------------------------------------

                                                                               2

EXHIBIT E-3: CALCULATION OF REALIZED LOSS/GAIN FORM 332- INSTRUCTION SHEET

       The numbers on the form correspond with the numbers listed below.

Liquidation and Acquisition Expenses:

1.     The Actual Unpaid Principal Balance of the Mortgage Loan. For
       documentation, an Amortization Schedule from date of default through
       liquidation breaking out the net interest and servicing fees advanced is
       required.

2.     The Total Interest Due less the aggregate amount of servicing fee that
       would have been earned if all delinquent payments had been made as
       agreed. For documentation, an Amortization Schedule from date of default
       through liquidation breaking out the net interest and servicing fees
       advanced is required.

3.     Accrued Servicing Fees based upon the Scheduled Principal Balance of the
       Mortgage Loan as calculated on a monthly basis. For documentation, an
       Amortization Schedule from date of default through liquidation breaking
       out the net interest and servicing fees advanced is required.

4-12.  Complete as applicable. All line entries must be supported by copies of
       appropriate statements, vouchers, receipts, bills, canceled checks, etc.,
       to document the expense. Entries not properly documented will not be
       reimbursed to the Servicer.

13.    The total of lines 1 through 12.

Credits:

14-21. Complete as applicable. All line entries must be supported by copies of
       the appropriate claims forms, EOBs, HUD-1 and/or other proceeds
       verification, statements, payment checks, etc. to document the credit. If
       the Mortgage Loan is subject to a Bankruptcy Deficiency, the difference
       between the Unpaid Principal Balance of the Note prior to the Bankruptcy
       Deficiency and the Unpaid Principal Balance as reduced by the Bankruptcy
       Deficiency should be input on line 20.

22.    The total of lines 14 through 21.

Please note: For HUD/VA loans, use line (15) for Part A/Initial proceeds and
       line (16) for Part B/Supplemental proceeds.

             Total Realized Loss (or Amount of Any Gain)

23.    The total derived from subtracting line 22 from 13. If the amount
       represents a realized gain, show the amount in parenthesis ( ).

EXHIBIT E-3: CALCULATION OF REALIZED LOSS/GAIN FORM 332

                             WELLS FARGO BANK, N.A.
                        CALCULATION OF REALIZED LOSS/GAIN

Prepared by:  __________________                     Date:  _______________
Phone: ______________________   Email Address:_____________________

     --------------------   ----------------   ----------------------------
     Servicer Loan No.      Servicer Name      Servicer Address

     --------------------   ----------------   ----------------------------

WELLS FARGO BANK, N.A. Loan No._____________________________________________
Borrower's Name:____________________________________________________________
Property Address:___________________________________________________________

LIQUIDATION AND ACQUISITION EXPENSES:
(1)     Actual Unpaid Principal Balance of Mortgage Loan   $_______________ (1)
(2)     Interest accrued at Net Rate                       ________________ (2)
(3)     Accrued Servicing Fees                             ________________ (3)
(4)     Attorney's Fees                                    ________________ (4)
(5)     Taxes                                              ________________ (5)
(6)     Property Maintenance                               ________________ (6)
(7)     MI/Hazard Insurance Premiums                       ________________ (7)
(8)     Utility Expenses                                   ________________ (8)
(9)     Appraisal/BPO                                      ________________ (9)
(10)    Property Inspections                               ________________ (10)
(11)    FC Costs/Other Legal Expenses                      ________________ (11)
(12)    Other (itemize)                                    $_______________ (12)

            Cash for Keys_________________________         ________________
            HOA/Condo Fees________________________         ________________
            ______________________________________         ________________
            ______________________________________         ________________
            TOTAL EXPENSES                                 $_______________ (13)
CREDITS:
(14)    Escrow Balance                                     $_______________ (14)
(15)    HIP Refund                                         ________________ (15)
(16)    Rental Receipts                                    ________________ (16)
(17)    Hazard Loss Proceeds                               ________________ (17)
(18)    Primary Mortgage Insurance Proceeds                ________________ (18)
(19)    Pool Insurance Proceeds                            ________________ (19)
(20)    Proceeds from Sale of Acquired Property            ________________ (20)
(21)    Other (itemize)                                    ________________ (21)
        __________________________________________         ________________
        __________________________________________         ________________
        TOTAL CREDITS                                      $_______________ (22)

TOTAL REALIZED LOSS (OR AMOUNT OF GAIN)                    $_______________ (23)

                                   APPENDIX I

                        Purchase and Servicing Agreement

                                [Attached hereto]exv10w1

 

Exhibit 10.1

DESCRIPTION OF

2006 MANAGEMENT INCENTIVE COMPENSATION PROGRAM

Purpose

Endocare’s 2006 Management Incentive Compensation Program (the “Program”) is a variable cash
incentive program designed to motivate participants to achieve Endocare’s financial and other
performance objectives and to reward them for their achievements when those objectives are met.

Eligibility

Participants are approved solely at the discretion of the Compensation Committee of Endocare’s
Board of Directors. All executive officers, vice presidents and department directors are eligible
to be considered for participation in 2006. The Compensation Committee, in its sole discretion,
may permit other employees to participate.

Administration

The Compensation Committee is ultimately responsible for administering the Program. The
Compensation Committee has all powers and discretion necessary or appropriate to review and approve
the Program and its operation, including, but not limited to, the power to (a) determine which
eligible participants shall be granted incentive awards, (b) prescribe the terms and conditions of
incentive awards, (c) interpret the Program, (d) adopt rules for the administration, interpretation
and application of the Program as are consistent therewith, and (e) interpret, amend or revoke any
such rules. All determinations and decisions made by the Compensation Committee and any delegate
of the Compensation Committee shall be final, conclusive, and binding on all persons, and shall be
given the maximum deference permitted by law. The Compensation Committee, in its sole discretion
and on such terms and conditions as it may provide, may delegate all or part of its authority and
powers under the Program to one or more directors and/or officers. The Compensation Committee, in
its sole discretion, may amend or terminate the Program, or any part thereof, at any time and for
any reason.

Award Determination

The Compensation Committee, in its sole discretion, will approve target incentives and related
objectives for each participant. Incentives will be calculated using a formula that includes: (a)
the participant’s salary, (b) the participant’s target incentive, (c) a “Corporate Achievement
Calculation,” and (d) a “Departmental/Individual Achievement Calculation.”

Participant’s Target Incentive

Each participant’s target incentive is a percentage of the participant’s annual salary. This
percentage is determined by the Compensation Committee in its sole discretion based on each
participant’s position and related responsibilities, except where a participant’s employment
agreement or offer letter specifies such percentage (in which case such specified percentage is
used). Additional overachievement amounts in excess of these percentages may be paid to reward
exceptional achievement under the Program.

Corporate Achievement Calculation

The Compensation Committee approves a Corporate Achievement Calculation for each participant by
assessing corporate performance against pre-established annual corporate objectives. For 2006,
these objectives include targets based on procedure growth, operating expenses and cash
management. Other financial and non-financial objectives may be used as the Compensation
Committee deems

 

 

appropriate. The corporate performance objectives may vary from participant to participant,
depending on the nature of each participant’s position and related responsibilities.

Departmental/Individual Achievement Calculation

For each participant, the Compensation Committee approves a Departmental/Individual Achievement
Calculation that reflects (i) the achievements of the participant’s department relative to
annual departmental performance objectives, and/or (ii) the achievements of the participant
relative to annual individual performance objectives. The departmental and individual
performance objectives vary from participant to participant, depending on the nature of each
participant’s position and related responsibilities. The Program includes departmental and
individual objectives with performance targets based on, among other things, strategic
planning, business development and operational objectives, as well as reductions in various
categories of expenses

Award Payouts

Unless otherwise determined by the Compensation Committee, incentives will be paid on an annual
basis. Payment is expected to occur in the first quarter of 2007. Actual incentives payable, if
any, will vary based on the amount by which each objective is exceeded or missed and will be
determined by the Compensation Committee. A participant shall have no right to any award until
that award is actually paid to such participant. The Compensation Committee may permit eligible
employees to elect to receive incentive payouts under the Program in the form of deferred stock
units or other equity, as determined by the Compensation Committee.

General Provisions

Awards are subject to all withholding taxes and other required deductions. This Program does not
constitute a guarantee of employment nor does it restrict Endocare’s right to terminate any
participant’s employment at any time for any reason. This Program is provided at Endocare’s sole
discretion and Endocare may modify or terminate this Program at any time, prospectively or
retroactively, without notice or obligation. In addition, there is no obligation to extend the
Program or establish a replacement program in subsequent years. This Program shall not be funded
in any way. Endocare shall not be required to establish any special or separate fund or to make
any other segregation of assets to assure the payment of awards. To the extent any person acquires
a right to receive payment under the Program, such right will be no greater than the right of an
general unsecured creditor of Endocare. To the extent not preempted by federal law, this Program
shall be construed in accordance with, and governed by, the laws of the State of California without
giving effect to any conflict of laws principles.

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