Document:

Unassociated Document

    Exhibit
      4.1

     

    
      	
               

              
                 

                 

              

            
	 
	
              STRUCTURED
                ASSET MORTGAGE INVESTMENTS II INC.,

            
	 
	
              Depositor,

            
	 
	
              and

            
	 
	
              WELLS
                FARGO BANK, N.A.,

            
	 
	
              Grantor
                Trust Trustee

            
	 
	 
	 
	 
	 	 	 
	 	
               

              GRANTOR
                TRUST AGREEMENT

              Dated
                as of August 31, 2007

            	 
	 	 	 
	 
	 
	 
	
              $614,251,145

            
	 
	
              Bear
                Stearns Structured Products Inc. Trust 2007-R6

              Grantor
                Trust Certificates

              Series
                2007-R6

            
	 
	 
	 
	 

    

    

    
      	
              ARTICLE
                I DEFINITIONS

            
	
                   
                Section 1.01 Defined
                Terms.

            
	 
	
              ARTICLE
                II CONVEYANCE
                OF THE UNDERLYING SECURITIES; ORIGINAL ISSUANCE OF GRANTOR TRUST
                CERTIFICATES

            
	
                    
                Section 2.01 Conveyance
                of the Underlying Securities.

            
	
                    
                Section 2.02 Acceptance
                of Trust Fund by Grantor Trust Trustee; Initial Issuance of Grantor
                Trust
                Certificates.

            
	
                    
                Section 2.03 Representations
                and Warranties of the Depositor and the Grantor Trust
                Trustee.

            
	
                    
                Section 2.04 Grantor
                Trust

            
	 
	
              ARTICLE
                III ADMINISTRATION
                OF THE UNDERLYING SECURITIES; PAYMENTS AND REPORTS TO GRANTOR TRUST
                CERTIFICATEHOLDERS

            
	
                    
                Section 3.01 Administration
                of the Trust Fund and the Underlying Securities.

            
	
                    
                Section 3.02 Collection
                of Monies.

            
	
                    
                Section 3.03 Establishment
                of Certificate Account; Deposits Therein.

            
	
                    
                Section 3.04 Permitted
                Withdrawals From the Certificate Account.

            
	
                    
                Section 3.05 Distributions.

            
	
                    
                Section 3.06 Statements
                to Grantor Trust Certificateholders.

            
	
                    
                Section 3.07 Access
                to Certain Documentation and Information.

            
	
                    
                Section 3.08 Calculation
                of Distribution Amounts.

            
	
                    
                Section 3.09 Annual
                Statement as to Compliance.

            
	
                    
                Section 3.10 Assessments
                of Compliance and Attestation Reports.

            
	
                    
                Section 3.11 Reports
                Filed with Securities and Exchange Commission.

            
	 
	
              ARTICLE
                IV THE
                CERTIFICATES

            
	
                    
                Section 4.01 The
                Grantor Trust Certificates.

            
	
                    
                Section 4.02 Registration
                of Transfer and Exchange of Grantor Trust Certificates.

            
	
                    
                Section 4.03 Mutilated,
                Destroyed, Lost or Stolen Grantor Trust Certificates.

            
	
                    
                Section 4.04 Persons
                Deemed Owners.

            
	 
	
              ARTICLE
                V THE
                GRANTOR TRUST TRUSTEE

            
	
                    
                Section 5.01 Duties
                of Grantor Trust Trustee.

            
	
                    
                Section 5.02 Certain
                Matters Affecting the Trustee and the Grantor Trust
                Trustee

            
	
                    
                Section 5.03 Grantor
                Trust Trustee Not Liable for Certificates or Underlying
                Securities.

            
	
                    
                Section 5.04 Grantor
                Trust Trustee May Own Grantor Trust Certificates.

            
	
                    
                Section 5.05 Grantor
                Trust Trustee’s Fees and Expenses.

            
	
                    
                Section 5.06 Eligibility
                Requirements for Grantor Trust Trustee.

            
	
                    
                Section 5.07 Resignation
                and Removal of the Grantor Trust Trustee

            
	
                    
                Section 5.08 Successor
                Grantor Trust Trustee

            
	
                    
                Section 5.09 Merger
                or Consolidation of Grantor Trust Trustee

            
	
                    
                Section 5.10 Appointment
                of Co-Grantor Trust Trustee or Separate Grantor Trust
                Trustee.

            
	 
	
              ARTICLE
                VI THE
                DEPOSITOR

            
	
                    
                Section 6.01 Liability
                of the Depositor.

            
	
                    
                Section 6.02 Merger,
                Consolidation or Conversion of the Depositor.

            
	
                    
                Section 6.03 Limitation
                on Liability of the Depositor and Others.

            
	 
	
              ARTICLE
                VII TERMINATION

            
	
                    
                Section 7.01 Termination.

            
	 
	
              ARTICLE
                VIII MISCELLANEOUS
                PROVISIONS

            
	
                    
                Section 8.01 Amendment.

            
	
                    
                Section 8.02 Counterparts.

            
	
                    
                Section 8.03 Limitation
                on Rights of Grantor Trust Certificateholders.

            
	
                    
                Section 8.04 Governing Law.

            
	
                    
                Section 8.05 Notices.

            
	
                    
                Section 8.06 Severability of Provisions.

            
	
                    
                Section 8.07 Successors
                and Assigns.

            
	
                    
                Section 8.08 Article
                and Section Headings.

            
	
                    
                Section 8.09 Notices
                to Rating Agencies.

            
	
                    
                Section 8.10 Acts
                of Grantor Trust Certificateholders

            

    

    

    
      	
              Exhibit
                A

            	
              -

            	
              Form
                of Grantor Trust Certificates

            
	
              Exhibit
                B

            	
              -

            	
              Form
                of Annual Certification

            
	
              Exhibit
                C

            	
              -

            	
              Servicing
                Criteria to Be Addressed in Assessment of Compliance

            
	
              Exhibit
                D

            	
              -

            	
              Form
                10-D, Form 8-K and Form 10-K Reporting Responsibility

            
	
              Exhibit
                E

            	
              -

            	
              Additional
                Disclosure Notification

            
	
              Schedule
                A

            	
              -

            	
              Underlying
                Securities

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    GRANTOR
      TRUST AGREEMENT, dated as of August 31, 2007, by and between STRUCTURED ASSET
      MORTGAGE INVESTMENTS II INC., as depositor (the “Depositor”), and Wells
      Fargo Bank, N.A., as grantor trust trustee (the “Grantor Trust
      Trustee”).

     

    PRELIMINARY
      STATEMENT

     

    The
      Depositor intends to cause the issuance of and to sell its Grantor Trust
      Certificates, Series 2007-R6, Class I-A-1, Class I-A-2, Class II-A-1 and Class
      II-A-2 Certificates representing in the aggregate the entire beneficial
      ownership of a trust fund, the primary asset of which is the Underlying
      Securities (as defined herein).

     

    All
      things necessary to make this Agreement a valid declaration of trust by the
      Depositor in accordance with its terms have been done.

     

    In
      consideration of the premises and the mutual agreements herein contained, the
      Depositor and the Grantor Trust Trustee agree as follows:

     

    ARTICLE
      I 

    

    DEFINITIONS

     

    Section
      1.01.  Defined
      Terms.

     

    Whenever
      used in this Agreement, including the Preliminary Statement, the following
      words
      and phrases, unless the context otherwise requires, shall have the following
      meanings:

     

    Affiliate:  With
      respect to any specified Person, any other Person that directly, or indirectly
      through one or more intermediaries, controls or is controlled by, or is under
      common control with, such specified Person.  For the purposes of this
      definition, “control” when used with respect to any specified Person means
      possession, direct or indirect, of the power to direct or cause the direction
      of
      the management and policies of such Person, whether through the ownership of
      voting securities, by contract or otherwise, and the terms “controlling,”
“controlled by” and “under common control with” have meanings correlative to the
      foregoing.

     

    Agreement:  This
      Grantor Trust Agreement and all amendments hereof and supplements
      hereto.

     

    Available
      Funds:  Any of the Group I Available Funds and the Group II
      Available Funds.

     

    Bear,
      Stearns:  Bear, Stearns & Co. Inc.

     

    Bear
      Stearns ALT-A Trust 2005-8 Class II-1A-1 Certificates:  Structured
      Asset Mortgage Investments II Inc., Bear Stearns ALT-A Trust, Mortgage
      Pass-Through Certificates, Series 2005-8, Class II-1A-1
      Certificates.

     

    Bear
      Stearns ALT-A Trust 2005-9 Class II-3A-1 Certificates:  Structured
      Asset Mortgage Investments II Inc., Bear Stearns ALT-A Trust, Mortgage
      Pass-Through Certificates, Series 2005-9, Class II-3A-1
      Certificates.

     

    Bear
      Stearns ALT-A Trust 2005-10 Class II-5A-1
      Certificates:  Structured Asset Mortgage Investments II Inc., Bear
      Stearns ALT-A Trust, Mortgage Pass-Through Certificates, Series 2005-10, Class
      II-5A-1 Certificates.

     

    Bear
      Stearns ALT-A Trust 2006-3 Class II-3A-1 Certificates:  Structured
      Asset Mortgage Investments II Inc., Bear Stearns ALT-A Trust 2006-3, Mortgage
      Pass-Through Certificates, Series 2006-3, Class II-3A-1
      Certificates.

     

    Bear
      Stearns ALT-A Trust 2007-2 Class II-A-1 Certificates:  Structured
      Asset Mortgage Investments II Inc., Bear Stearns ALT-A Trust, Mortgage
      Pass-Through Certificates, Series 2007-2, Class II-A-1
      Certificates.

     

    Bear
      Stearns ARM Trust 2007-2 Class II-A-1 Notes:  Structured Asset
      Mortgage Investments II Inc., Bear Stearns ARM Trust 2007-2, Mortgage-Backed
      Notes, Series 2007-2, Class II-A-1 Notes.

     

    Business
      Day:  Any day other than (i) a Saturday or a Sunday, or (ii) a day
      on which banking institutions in the cities of New York, New York, Columbia,
      Maryland, Minneapolis, Minnesota or any city in which the Corporate Trust Office
      of the Grantor Trust Trustee is located are authorized or obligated by law
      or
      executive order to be closed.

     

    Certificate
      Account:  The trust account or accounts, which shall at all times
      be Eligible Accounts, created and maintained by the Grantor Trust Trustee for
      the benefit of the Grantor Trust Certificateholders pursuant to Section
      3.03.  Funds deposited in the Certificate Account shall be held in
      trust for the Grantor Trust Certificateholders for the uses and purposes set
      forth in Article III hereof.

     

    Certificate
      Register:  Shall have the meaning provided in Section
      4.02.

     

    Class:  Collectively,
      all of the Grantor Trust Certificates bearing the same designation.

     

    Class
      I-A-1 Grantor Trust Certificate:  Any Class I-A-1 Grantor Trust
      Certificate as executed hereunder by the Grantor Trust Trustee and authenticated
      and delivered hereunder by the Trustee, substantially in the form of Exhibit
      A
      hereto.

     

    Class
      I-A-2 Grantor Trust Certificate:  Any Class I-A-2 Grantor Trust
      Certificate as executed hereunder by the Grantor Trust Trustee and authenticated
      and delivered hereunder by the Trustee, substantially in the form of Exhibit
      A
      hereto.

     

    Class
      II-A-1 Grantor Trust Certificate:  Any Class II-A-1 Grantor Trust
      Certificate as executed hereunder by the Grantor Trust Trustee and authenticated
      and delivered hereunder by the Trustee, substantially in the form of Exhibit
      A
      hereto.

     

    Class
      II-A-2 Grantor Trust Certificate:  Any Class II-A-2 Grantor Trust
      Certificate as executed hereunder by the Grantor Trust Trustee and authenticated
      and delivered hereunder by the Trustee, substantially in the form of Exhibit
      A
      hereto.

     

    Closing
      Date: August 31, 2007.

     

    Code:  The
      Internal Revenue Code of 1986, as amended.

     

    Commission:  U.S.
      Securities and Exchange Commission.

     

    Corporate
      Trust Office:  The corporate trust office of the Grantor Trust
      Trustee at which at any particular time its corporate trust business with
      respect to this Agreement shall be administered, which office at the date of
      the
      execution of this Agreement, for purposes other than presentment and surrender
      of the Grantor Trust Certificates, is located at Wells Fargo Bank, N.A.,
      P.O. Box 98, Columbia, Maryland 21046 (or, for overnight deliveries, 9062 Old
      Annapolis Road, Columbia, Maryland 21045), Attention: Client Manager – BSSP
      2007-R6, and for purposes of presentment and surrender of the Grantor Trust
      Certificates for registration of transfer, exchange or final payment, is located
      at Wells Fargo Bank, N.A., Sixth Street and Marquette Avenue, Minneapolis,
      Minnesota 55479, Attention: Corporate Trust Office - BSSP 2007-R6, or any other
      address that the Grantor Trust Trustee may designate from time to time by notice
      to the Grantor Trust Certificateholders

     

    Current
      Principal Amount:  With respect to any Grantor Trust Certificate,
      as of any date of determination, the original principal amount of such Grantor
      Trust Certificate minus (i) the aggregate of all distributions of principal
      previously made on that Grantor Trust Certificate pursuant to Section 3.05
      and
      (ii) the principal portion of all Realized Losses previously allocated to such
      Grantor Trust Certificate pursuant to Section 3.05.

     

    Cut-off
      Date:  August 31, 2007.

     

    Definitive
      Certificates:  The meaning specified in Section 4.01(b)
      hereof.

     

    Depositor:  Structured
      Asset Mortgage Investments II Inc., a Delaware corporation, or its successor
      in
      interest.

     

    Depository:  DTC,
      the nominee of which is Cede & Co., or any successor thereto.

     

    Depository
      Agreement:  The meaning specified in Subsection 4.01(a)
      hereof.

     

    Depository
      Participant:  A broker, dealer, bank or other financial
      institution or other Person for whom from time to time the Depository effects
      book-entry transfers and pledges of securities deposited with the
      Depository.

     

    Distribution
      Date:  The Business Day immediately following each Underlying
      Securities Distribution Date, commencing in September 2007.

     

    DTC:  The
      Depository Trust Company.

     

    Eligible
      Account:  Any of (i) an account or accounts maintained with a
      federal or state chartered depository institution or trust company, the
      long-term unsecured debt obligations and short-term unsecured debt obligations
      of which (or, in the case of a depository institution or trust company that
      is
      the principal subsidiary of a holding company, the debt obligations of such
      holding company, so long as Moody’s is not a Rating Agency) are rated by each
      Rating Agency in one of its two highest long-term and its highest short-term
      rating categories, respectively, at the time any amounts are held on deposit
      therein; provided, that following a downgrade, withdrawal, or suspension of
      such
      institution’s rating as set forth above, each account shall promptly (and in any
      case within not more than 30 calendar days) be moved to one or more segregated
      trust accounts in the trust department of such institution, or to an account
      at
      another institution that complies with the above requirements, or (ii) a trust
      account or accounts maintained with the corporate trust department of a federal
      or state chartered depository institution or trust company having capital and
      surplus of not less than $50,000,000, acting in its fiduciary capacity or (iii)
      any other account acceptable to the Rating Agencies, as evidenced in writing.
      Eligible Accounts may bear interest, and may include, if otherwise qualified
      under this definition, accounts maintained with the Grantor Trust Trustee.
      Notwithstanding Section 8.01, this Agreement may be amended to reduce the rating
      requirements in clause (i) above, without the consent of any of the Grantor
      Trust Certificateholders, provided that the Person requesting such amendment
      obtains a letter from each Rating Agency stating that such amendment would
      not
      result in the downgrading or withdrawal of the respective ratings then assigned
      to the Grantor Trust Certificates.

     

    ERISA:  The
      Employee Retirement Income Security Act of 1974, as amended, and the rules
      and
      regulations promulgated thereunder.

     

    Exchange
      Act:  The Securities Exchange Act of 1934, as
      amended.

     

    FDIC:
      Federal Deposit Insurance Corporation or any successor thereto.

     

    Final
      Distribution Date:  With respect to each Underlying Security, the
      Underlying Security Distribution Date on which the final distribution thereon
      is
      to be made in accordance with the related Underlying Agreement; and with respect
      to the Grantor Trust Certificates, the  Distribution Date on which the
      final distribution thereon is to be made in accordance with this
      Agreement.

     

    Grantor
      Trust Certificate:  Any of the Group I Grantor Trust Certificates
      and Group II Grantor Trust Certificates.

     

    Grantor
      Trust Certificate Owner:  Any Person who is the beneficial owner
      of a Grantor Trust Certificate registered in the name of the Depository or
      its
      nominee.

     

    Grantor
      Trust Certificateholder or Holder:  The person in whose name a
      Grantor Trust Certificate is registered in the Certificate Register, except
      that, subject to Sections 8.01(b) and 8.10(e), solely for the purpose of giving
      any consent, approval or waiver pursuant to this Agreement, any Grantor Trust
      Certificate registered in the name of the Depositor or any Affiliate thereof
      shall be deemed not to be outstanding and shall not be taken into account for
      purposes of determining whether the Holders of Grantor Trust Certificates
      evidencing the requisite aggregate Percentage Interest necessary to effect
      any
      such consent, approval or waiver has been obtained, unless such Persons
      collectively own all the Grantor Trust Certificates.

     

    Grantor
      Trust Trustee: Wells Fargo Bank, N.A., in its capacity as grantor trust
      trustee, or its successor in interest.

     

    Group
      I Available Funds:  As of any date of determination, the aggregate
      amount on deposit in the Certificate Account as of such date received with
      respect to the Group I Underlying Securities, net of any portion thereof which
      represents amounts to be paid to any Person pursuant to clauses (ii) and (iv)
      of
      Section 3.04.

     

    Group
      I Grantor Trust Certificates: Any of the Class I-A-1 Grantor Trust
      Certificates and Class I-A-2 Grantor Trust Certificates.

     

    Group
      I Sub-Trust: The segregated pool of assets subject hereto and constituting a
      portion of the Trust Fund, consisting of (i) the Group I Underlying Securities,
      (ii) all amounts payable on the Group I Underlying Securities following the
      Closing Date pursuant to the related Underlying Agreements, (iii) the portion
      of
      the Certificate Account and such funds or assets as are from time to time
      deposited in the Certificate Account related to the Group I Underlying
      Securities, (iv) the Depositor’s rights under the Purchase Agreement related to
      the Group I Underlying Securities and (v) the income, payments and proceeds
      of
      each of the foregoing.

     

    Group
      I Underlying Securities: The respective Underlying Security Class Percentage
      of the Bear Stearns ALT-A Trust 2005-8 Class II-1A-1 Certificates, the Bear
      Stearns ALT-A Trust 2005-9 Class II-3A-1 Certificates and the Bear Stearns
      ALT-A
      Trust 2005-10 Class II-5A-1 Certificates, sold by the Depositor to, and
      registered in the name of, the Grantor Trust Trustee, or held by
      the Grantor Trust Trustee for the benefit of the Holders of the Group
      I Grantor Trust Certificates, pursuant to Section 2.01 and as more particularly
      described in Schedule A hereto.

     

    Group
      II Available Funds:  As of any date of determination, the
      aggregate amount on deposit in the Certificate Account as of such date received
      with respect to the Group II Underlying Securities, net of any portion thereof
      which represents amounts to be paid to any Person pursuant to clauses (ii)
      and
      (iv) of Section 3.04.

     

    Group
      II Grantor Trust Certificates: Any of the Class II-A-1 Grantor Trust
      Certificates and Class II-A-2 Grantor Trust Certificates.

     

    Group
      II Sub-Trust: The segregated pool of assets subject hereto and constituting
      a portion of the Trust Fund, consisting of (i) the Group II Underlying
      Securities, (ii) all amounts payable on the Group II Underlying Securities
      following the Closing Date pursuant to the related Underlying Agreements, (iii)
      the portion of the Certificate Account and such funds or assets as are from
      time
      to time deposited in the Certificate Account with respect to the Group II
      Underlying Securities, (iv) the Depositor’s rights under the Purchase Agreement
      with respect to the Group II Underlying Securities and the income, payments
      and
      proceeds of each of the foregoing.

     

    Group
      II Underlying Securities: The respective Underlying Security Class
      Percentage of the Bear Stearns ALT-A Trust 2006-3 Class II-3A-1 Certificates,
      the Bear Stearns ALT-A Trust 2007-2 Class II-A-1 Certificates and the Bear
      Stearns ARM Trust 2007-2 Class II-A-1 Notes, sold by the Depositor to, and
      registered in the name of, the Grantor Trust Trustee, or held by
      the Grantor Trust Trustee for the benefit of the Holders of the
      Group II Grantor Trust Certificates, pursuant to Section 2.01 and as more
      particularly described in Schedule A hereto.

     

    Interest
      Accrual Period:  For each Distribution Date, the one-month period
      ending on the last day of the month preceding the month in which such
      Distribution Date occurs. The initial Interest Accrual Period will be deemed
      to
      have commenced on the Cut-off Date.

     

    Interest
      Distribution Amount:  With respect to the Grantor Trust
      Certificates and any Distribution Date, the amount of interest accrued during
      the related Interest Accrual Period at the related Pass-Through Rate on the
      Current Principal Amount of the related Grantor Trust Certificates immediately
      prior to such Distribution Date.

     

    Investment
      Company Act:  The Investment Company Act of 1940, as amended from
      time to time, and the rules and regulations promulgated thereunder.

     

    Latest
      Possible Final Distribution Date: With respect to the Group I Grantor Trust
      Certificates, the Distribution Date occurring in January 2036. With respect
      to
      the Group II Grantor Trust Certificates, the Distribution Date occurring in
      December 2046.

     

    Majority
      Grantor Trust Certificateholders:  With respect to the Group I
      Grantor Trust Certificates or the Group II Grantor Trust Certificates, the
      Holders of the related Grantor Trust Certificates evidencing in the aggregate
      greater than 50% of the aggregate Current Principal Amount of all the related
      Grantor Trust Certificates.

     

    Moody’s:
      Moody’s Investors Service, Inc.

     

    NMWHFIT:
      shall mean a “Non-Mortgage Widely Held Fixed Investment Trust” as that term is
      defined in Treasury Regulations section 1.671-5(b)(12) or successor
      provisions.

     

    Notice
      of Final Distribution:  With respect to each Underlying Security,
      any notice provided pursuant to the related Underlying Agreement to the effect
      that final distribution on such Underlying Security shall be made only upon
      presentment and surrender thereof.  With respect to the Grantor Trust
      Certificates, the notice to be provided pursuant to Sections 7.01(b) or 7.01(d)
      to the effect that final distribution on the Grantor Trust Certificates shall
      be
      made only upon presentment and surrender thereof.

     

    Officer’s
      Certificate:  A certificate signed by the Chairman of the Board,
      the Vice Chairman of the Board, the President or a Vice President or Assistant
      Vice President or other authorized officer of the Depositor and delivered to
      the
      Grantor Trust Trustee, as required by this Agreement.

     

    Opinion
      of Counsel:  A written opinion of counsel, who may be counsel for
      the Depositor, which opinion is addressed to the Grantor Trust Trustee and
      is
      reasonably acceptable to the Grantor Trust Trustee.

     

    Pass-Through
      Rate:  With respect to any Distribution Date and the Group I
      Grantor Trust Certificates, a per annum pass-through rate equal to the weighted
      average pass-through rate of the Group I Underlying Securities, as reported
      in
      the related Underlying Distribution Date Statement for the related Underlying
      Security Distribution Date. With respect to any Distribution Date and the Group
      II Grantor Trust Certificates, a per annum pass-through rate equal to the
      weighted average of the pass-through rates of the Bear Stearns ALT-A Trust
      2006-3 Class II-3A-1 Certificates and the Bear Stearns ALT-A Trust 2007-2 Class
      II-A-1 Certificates and the note interest rate of the Bear Stearns ARM Trust
      2007-2 Class II-A-1 Notes, as reported in the related Underlying Distribution
      Date Statement for the related Underlying Security Distribution
      Date.

     

    Percentage
      Interest:  With respect to any Class of Grantor Trust
      Certificates, the portion of the Grantor Trust Certificates represented by
      such
      Grantor Trust Certificate, expressed as a percentage, the numerator of which
      is
      the initial outstanding Current Principal Amount of such Class of Grantor Trust
      Certificates as of the Closing Date, as specified on the face thereof, and
      the
      denominator of which is the Original Current Principal Amount of all Grantor
      Trust Certificates in such Class.

     

    Permitted
      Investments: Any one or more of the following obligations
      or  securities held in the name of the Grantor Trust Trustee for the
      benefit of the related Grantor Trust Certificateholders:

     

    (i)           obligations
      of the United States or any agency thereof, provided such obligations are backed
      by the full faith and credit of the United States;

     

    
      (ii)           general
        obligations of or obligations guaranteed by any state of the United States
        or
        the District of Columbia receiving the highest long-term debt ratiing of
        each
        Rating Agency, or such lower rating as will not result in the downgrading
        or
        withdrawal of the ratings then assigned to the Notes by each Rating Agency,
        as
        evidenced in writing;

       

      
        (iii)           commercial
          or finance company paper which is then receiving the highest commercial
          or
          finance company paper rating of each Rating Agency, or such lower rating
          as will
          not result in the downgrading or withdrawal of the ratings then assigned
          to the
          Notes by each Rating Agency, as evidenced in writing;

      

       
(iv)           certificates
      of deposit, demand or time deposits, or bankers’ acceptances issued by any
      depository institution or trust company incorporated under the laws of the
      United States or of any state thereof and subject to supervision and examination
      by federal and/or state banking authorities (including the Grantor Trust Trustee
      in its commercial banking capacity), provided that the commercial paper and/or
      long term unsecured debt obligations of such depository institution or trust
      company are then rated one of the two highest long-term and the highest
      short-term ratings of each such Rating Agency for securities, or such lower
      ratings as will not result in the downgrading or withdrawal of the rating then
      assigned to the Notes by any Rating Agency, as evidenced in writing;

     

    (v)          
      guaranteed reinvestment agreements issued by any bank, insurance company or
      other corporation containing, at the time of the issuance of such agreements,
      such terms and conditions as will not result in the downgrading or withdrawal
      of
      the rating then assigned to the Notes by each Rating Agency, as evidenced in
      writing;

     

    (vi)           repurchase
      obligations with respect to any security described in clauses (i) and (ii)
      above, in either case entered into with a depository institution or trust
      company (acting as principal) described in clause (v) above;

     

    (vii)          
      securities
      (other than stripped bonds, stripped coupons or instruments sold at a purchase
      price in excess of 115% of the face amount thereof) bearing interest or sold
      at
      a discount issued by any corporation incorporated under the laws of the United
      States or any state thereof which, at the time of such investment, have one
      of
      the two highest short term ratings of each Rating Agency (except if the Rating
      Agency is Moody’s, such rating shall be the highest commercial paper rating of
      Moody’s for any such securities), or such lower rating as will not result in the
      downgrading or withdrawal of the rating then assigned to the Notes by each
      Rating Agency, as evidenced by a signed writing delivered by each Rating
      Agency;

     

    (viii)          interests
      in any money market fund (including any such fund managed or advised by the
      Grantor Trust Trustee or any affiliate thereof) which at the date of acquisition
      of the interests in such fund and throughout the time such interests are held
      in
      such fund has the highest applicable short term rating by each Rating Agency
      rating such fund or such lower rating as will not result in the downgrading
      or
      withdrawal of the ratings then assigned to the Notes by each Rating Agency,
      as
      evidenced in writing;

     

    (ix)          
      short
      term investment funds sponsored by any trust company or banking association
      incorporated under the laws of the United States or any state thereof (including
      any such fund managed or advised by the Grantor Trust Trustee or any affiliate
      thereof) which on the date of acquisition has been rated by each Rating Agency
      in their respective highest applicable rating category or such lower rating
      as
      will not result in the downgrading or withdrawal of the ratings then assigned
      to
      the Notes by each Rating Agency, as evidenced in writing;
      and

     

    (x)          
      such
      other investments having a specified stated maturity and bearing interest or
      sold at a discount acceptable to each Rating Agency and as will not result
      in
      the downgrading or withdrawal of the rating then assigned to the Notes by any
      Rating Agency, as evidenced by a signed writing delivered by each Rating
      Agency;

     

    provided,
      that no such instrument shall be a Permitted Investment if such instrument
      (i)
      evidences the right to receive interest only payments with respect to the
      obligations underlying such instrument, (ii) is purchased at a premium or (iii)
      is purchased at a deep discount; provided further that no such instrument shall
      be a Permitted Investment (A) if such instrument evidences principal and
      interest payments derived from obligations underlying such instrument and the
      interest payments with respect to such instrument provide a yield to maturity
      of
      greater than 120% of the yield to maturity at par of such underlying
      obligations, or (B) if it may be redeemed at a price below the purchase price
      (the foregoing clause (B) not to apply to investments in units of money market
      funds pursuant to clause (viii) above); provided further that no amount
      beneficially owned by any REMIC may be invested in investments (other than
      money
      market funds) treated as equity interests for federal income tax purposes,
      unless the Grantor Trust Trustee shall receive an Opinion of Counsel, at the
      expense of the Grantor Trust Trustee, to the effect that such investment will
      not adversely affect the status of any such REMIC as a REMIC under the Code
      or
      result in imposition of a tax on any such REMIC.  Permitted
      Investments that are subject to prepayment or call may not be purchased at
      a
      price in excess of par.

     

    Person:  Any
      individual, corporation, partnership, limited liability company, joint venture,
      association, joint-stock company, trust, unincorporated organization or
      government or any agency or political subdivision thereof.

     

    Purchase
      Agreement:  The Purchase Agreement, dated as of August 31, 2007,
      between EMC Mortgage Corporation and the Depositor relating to the
      Underlying Securities.

     

    Rating
      Agency:  S&P or Moody’s or their respective
      successors.  If such agency or its successors are no longer in
      existence, “Rating Agency” shall be deemed to refer to such nationally
      recognized statistical rating agency, or other comparable Person, designated
      by
      the Depositor, notice of which designation shall be given to the Grantor Trust
      Trustee, and specific ratings of the Rating Agency shall be deemed to refer
      to
      the equivalent ratings of the party so designated.

     

    Record
      Date:  For the Grantor Trust Certificates and the first
      Distribution Date, the Closing Date, and for any Distribution Date thereafter,
      the last Business Day of the month preceding the month in which such
      Distribution Date occurs.

     

    Regulation
      AB:  Subpart 229.1100 – Asset Backed Securities (Regulation AB),
      17 C.F.R. §§229.1100-229.1123, as amended from time to time, and subject to such
      clarification and interpretation as have been provided by the Commission in
      the
      adopting release (Asset-Backed Securities, Securities Act Release No. 33-8518,
      70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission,
      or
      as may be provided by the Commission or its staff from time to
      time.

     

    Repurchase
      Price:  In connection with the repurchase of any of the Underlying
      Securities pursuant to Section 2.03(c), a price equal to the outstanding
      principal balance thereof as of the date of repurchase plus accrued interest
      thereon.

     

    Responsible
      Officer:  When used with respect to the Grantor Trust Trustee, any
      officer of the Grantor Trust Trustee assigned to and working in its Corporate
      Trust Office or similar group administering the Trusts hereunder and also,
      with
      respect to a particular matter, any other officer of the Grantor Trust Trustee
      to whom a particular matter is referred by the Grantor Trust Trustee because
      of
      such officer’s knowledge of and familiarity with the particular
      subject.

     

    S&P:
      Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., and its
      successors in interest.

     

    Securities
      Act:  The Securities Act of 1933, as amended.

     

    Servicing
      Criteria:  The “servicing criteria” set forth in Item 1122(d) of
      Regulation AB, as such may be amended from time to time, or those Servicing
      Criteria otherwise mutually agreed to by the Sponsor, the Grantor Trust Trustee
      and the Depositor in response to evolving interpretations of Regulation AB
      and
      incorporated into a revised Exhibit C.

     

    Sponsor:  EMC
      Mortgage Corporation, or its successor in interest.

     

    Sub-Trust: Either
      of the Group I Sub-Trust and Group II Sub-Trust.

     

    Trust:
      Bear Stearns Structured Products Inc. Trust 2007-R6, created pursuant to this
      Agreement and comprised of the Trust Fund.

     

    Trust
      Fund:  The segregated pool of assets subject hereto, constituting
      the corpus of the Trust created hereby and to be administered hereunder,
      consisting of the Group I Sub-Trust and the Group II Sub-Trust.

     

    Underlying
      Agreement:  Any of the agreements pursuant to which any the
      Underlying Securities were issued, as in effect on the Closing
      Date.

    

    Underlying
      Distribution Date Statement:  The monthly investor reports
      provided or made available pursuant to each Underlying Agreement in respect
      of
      the related Underlying Security in connection with the related Underlying
      Security Distribution Date.

     

    Underlying
      Securities:  Any of the Group I Underlying Securities and Group II
      Underlying Securities.

     

    Underlying
      Security Class Percentage:  The percentage which each Underlying
      Security constitutes of its entire class as set forth in Schedule A attached
      hereto under the caption “Class % in Trust.”

     

    Underlying
      Security Distribution Date:  The 25th day of each month, or if
      such day is not a Business Day, then the next Business Day commencing in
      September 2007.

     

    Underlying
      Securityholder:  The Grantor Trust Trustee or its Depository
      Participant for the benefit of the related Grantor Trust
      Certificateholders.

     

    Underlying
      Series:  The series of securities which includes the related
      Underlying Securities.

     

    Underlying
      2007 Series: The series of
      securities which includes any of the Bear Stearns ALT-A Trust 2007-2 Class
      II-A-1 Certificates and the Bear Stearns ARM Trust 2007-2 Class II-A-1
      Notes.

     

    WHFIT:
      shall mean a “Widely Held Fixed Investment Trust” as that term is defined in
      Treasury Regulations section 1.671-5(b)(22) or successor
      provisions.

     

    WHFIT
      Regulations: shall mean Treasury Regulations section 1.671-5, as
      amended.

     

    ARTICLE
      II

     

    CONVEYANCE
      OF THE UNDERLYING SECURITIES; ORIGINAL ISSUANCE OF GRANTOR TRUST CERTIFICATES
      

     

    Section
      2.01.  Conveyance
      of the Underlying Securities.

     

    (a)  The
      Depositor, concurrently with the execution and delivery hereof, does hereby
      sell, transfer, assign, set-over and otherwise convey to the Grantor Trust
      Trustee, in trust, for the use and benefit of the related Grantor Trust
      Certificateholders, without recourse, all the right, title and interest of
      the
      Depositor in and to (i) the related Underlying Securities, (ii) the Purchase
      Agreement and (iii) all other assets constituting the related
      Sub-Trust.  Such assignment includes, without limitation, all amounts
      payable on the related Underlying Securities pursuant to the related Underlying
      Agreement following the Closing Date.

     

    (b)  In
      connection with such transfer and assignment, and concurrently with its
      execution and delivery of this Agreement, the Depositor shall have caused the
      Underlying Securities to be registered in the book-entry records of
      the Depository in the name of the Grantor Trust Trustee or its
      nominee.

     

    (c)  The
      transfer of the Underlying Securities and all other assets constituting the
      Trust Fund is absolute and is intended by the parties hereto as a
      sale.

     

    (d)  It
      is
      intended that the conveyances by the Depositor to the Grantor Trust Trustee
      of
      the Underlying Securities as provided for in this Section 2.01 be construed
      as a
      sale by the Depositor to the Grantor Trust Trustee of the Underlying Securities
      for the benefit of the related Grantor Trust
      Certificateholders.  Further, it is not intended that any such
      conveyance be deemed to be a pledge of the Underlying Securities by the
      Depositor to the Grantor Trust Trustee to secure a debt or other obligation
      of
      the Depositor.  However, in the event that the Underlying Securities
      are held to be property of the Depositor, or if for any reason this Agreement
      is
      held or deemed to create a security interest in the Underlying Securities,
      then
      it is intended that (a) this Agreement shall also be deemed to be a security
      agreement within the meaning of Articles 8 and 9 of the New York Uniform
      Commercial Code and the Uniform Commercial Code of any other applicable
      jurisdiction; (b) the conveyance provided for in Section 2.01 shall be deemed
      to
      be a grant by the Depositor to the Grantor Trust Trustee of a security interest
      in all of the Depositor’s right (including the power to convey title thereto),
      title and interest, whether now owned or hereafter acquired, in and to (1)
      the
      Underlying Securities, (2) all amounts payable on the Underlying Securities
      in
      accordance with the terms thereof and (3) any and all general intangibles
      consisting of, arising from or relating to any of the foregoing, and all
      proceeds of the conversion, voluntary or involuntary, of the foregoing into
      cash, instruments, securities or other property, including without limitation
      all amounts from time to time held in the Certificate Account, whether in the
      form of cash, instruments, securities or other property; (c) the possession
      by
      the Grantor Trust Trustee or any agent of the Grantor Trust Trustee of such
      items of property as constitute instruments, money, negotiable documents or
      chattel paper shall be deemed to be “possession by the secured party,” or
      possession by a purchaser or a person designated by such secured party, for
      purposes of perfecting the security interest pursuant to the New York Uniform
      Commercial Code and the Uniform Commercial Code of any other applicable
      jurisdiction; and (d) notifications to persons holding such property, and
      acknowledgments, receipts or confirmations from persons holding such property,
      shall be deemed notifications to, or acknowledgments, receipts or confirmations
      from, financial intermediaries, bailees or agents (as applicable) of the Grantor
      Trust Trustee for the purpose of perfecting such security interest under
      applicable law.  It is also intended that the Trust be classified for
      federal income tax purposes as a grantor trust under Subpart E, part I of
      subchapter J of chapter 1 of the Code, of which the Grantor Trust
      Certificateholders are owners, rather than a partnership, an association taxable
      as a corporation or a taxable mortgage pool.  The powers granted and
      obligations undertaken in this Agreement shall be construed so as to further
      such intent.

     

    The
      Depositor and the Grantor Trust Trustee, at the Depositor’s or the related
      Majority Grantor Trust Certificateholders’ direction, shall, to the extent
      consistent with this Agreement, take such reasonable actions as may be
      determined to be necessary to ensure that, if this Agreement were deemed to
      create a security interest in the related Underlying Securities, and the other
      property described above, such security interest would be deemed to be a
      perfected security interest of first priority under applicable law and will
      be
      maintained as such throughout the term of this Agreement.

     

    Section
      2.02.  Acceptance
      of Trust Fund by Grantor Trust Trustee; Initial Issuance of Grantor Trust
      Certificates.

     

    The
      Grantor Trust Trustee acknowledges receipt of the Underlying Agreements and
      the
      receipt by it and the transfer, delivery and assignment to it of the Underlying
      Securities, in good faith and without notice of any adverse claim, and the
      assignment to it of all other assets included in the Trust Fund and declares
      that it holds and will hold the Underlying Securities and all other assets
      included in the Trust Fund in trust for the exclusive use and benefit of all
      present and future related Grantor Trust Certificateholders in accordance with
      the terms of this Agreement.  Concurrently with such transfer,
      delivery and assignment and in exchange therefor, pursuant to the written
      request of the Depositor executed by an officer of the Depositor, the Grantor
      Trust Trustee has executed and caused to be authenticated and delivered to
      or
      upon the order of the Depositor, the Grantor Trust Certificates in authorized
      denominations evidencing the entire beneficial ownership of the Trust
      Fund.

     

    Until
      the
      related Sub-Trust is terminated in accordance with Section 7.01, except as
      provided herein, the Grantor Trust Trustee shall not assign, sell, dispose
      of or
      transfer any interest in the related Underlying Securities or any other asset
      constituting the related Sub-Trust or permit the related Underlying Securities
      or any other asset constituting the related Sub-Trust to be subjected to any
      lien, claim or encumbrance arising by, through or under the Grantor Trust
      Trustee or any person claiming by, through or under the Grantor Trust
      Trustee.

     

    Section
      2.03.  Representations
      and Warranties of the Depositor and the Grantor Trust Trustee.

     

    (a)  The
      Depositor hereby represents and warrants to the Grantor Trust Trustee, and
      for
      the benefit of the Grantor Trust Certificateholders, as of the Closing Date,
      that:

     

    (i)  The
      Depositor is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Delaware, and the Depositor is possessed of
      all
      licenses necessary to carry on its business.

     

    (ii)  The
      execution and delivery of this Agreement by the Depositor, and the performance
      and compliance with the terms of this Agreement by the Depositor, will not
      violate the Depositor’s certificate of incorporation or bylaws or constitute a
      default (or an event which, with notice or lapse of time, or both, would
      constitute a default) under, or result in the breach of, any material agreement
      or other instrument to which it is a party or which is applicable to it or
      any
      of its assets.

     

    (iii)  The
      Depositor has the full right, power and authority to enter into and consummate
      all transactions contemplated by this Agreement, including but not limited
      to
      selling the Underlying Securities to the Grantor Trust Trustee, has duly
      authorized the execution, delivery and performance of this Agreement, and has
      duly executed and delivered this Agreement.

     

    (iv)  This
      Agreement, assuming due authorization, execution and delivery by the Grantor
      Trust Trustee, constitutes a valid, legal and binding obligation of the
      Depositor, enforceable against the Depositor in accordance with the terms
      hereof, subject to (A) applicable bankruptcy, insolvency, reorganization,
      moratorium and other laws affecting the enforcement of creditors’ rights
      generally, and (B) general principles of equity, regardless of whether such
      enforcement is considered in a proceeding in equity or at law.

     

    (v)  The
      Depositor is not in violation of, and its execution and delivery of this
      Agreement and its performance and compliance with the terms of this Agreement
      will not constitute a violation of, any law, any order or decree of any court
      or
      arbiter, or any order, regulation or demand of any federal, state or local
      governmental or regulatory authority, which violation is likely to affect
      materially and adversely either the ability of the Depositor to perform its
      obligations under this Agreement or the financial condition of the
      Depositor.

     

    (vi)  No
      litigation is pending or, to the best of the Depositor’s knowledge, threatened
      against the Depositor which, if determined adversely to the Depositor, would
      prohibit the Depositor from entering into this Agreement or is likely to
      materially and adversely affect either the ability of the Depositor to perform
      its obligations under this Agreement or the financial condition of the
      Depositor.

     

    (vii)  The
      Depositor was, immediately prior to the transfer of the Underlying Securities
      to
      the Grantor Trust Trustee, the sole owner thereof free and clear of any lien,
      pledge, charge or encumbrance of any kind (except any lien created by this
      Agreement).

     

    (viii)  The
      Depositor acquired the Underlying Securities in good faith without notice of
      any
      adverse claim, lien, charge, encumbrance or security interest (including without
      limitation, federal tax liens or liens arising under ERISA).

     

    (ix)  The
      Depositor has not assigned any interest in the Underlying Securities or any
      distributions thereon, except as contemplated herein.

     

    (x)  The
      Grantor Trust Trustee, will be entitled to distributions under the Underlying
      Agreements equal to all distributions of interest and principal made on the
      Underlying Securities.

     

    (xi)  The
      information relating to the Underlying Securities set forth in Schedule A is
      true and correct in all material respects.

     

    (xii)  The
      Underlying Securities are registered on the books of the Depository in the
      name of the Grantor Trust Trustee or its financial intermediary on behalf of
      the
      Grantor Trust Trustee.

     

    (xiii)  The
      Underlying Securities other than the Bear Stearns ARM Trust 2007-2 Class II-A-1
      Notes are “regular interests” in a real estate mortgage investment conduit
      within the meaning of Section 860G(a)(1) of the Code, and the Bear Stearns
      ARM
      Trust 2007-2 Class II-A-1 Notes are indebtedness for federal income tax
      purposes.

     

    (xiv)  The
      Depositor has no actual knowledge after reasonable inquiry that any of the
      Underlying Securities (1) were not validly issued by the related underlying
      trust, (2) are not outstanding, (3) are not the legal, valid, binding and
      enforceable obligation of the related underlying trust, and (4) are not entitled
      to the benefits of the related Underlying Agreement pursuant to which such
      Underlying Security was issued (except as limited by bankruptcy, insolvency
      or
      other similar laws affecting the enforcement of creditors’ rights generally or
      to the extent that such enforceability may be subject to the exercise of
      judicial discretion in accordance with general equitable
      principles).

     

    (xv)           The
      information relating to the Underlying Securities set forth on Schedule A hereto
      conforms to information set forth in the Prospectus dated December 20, 2004
      and
      the Prospectus Supplement dated August 29, 2005 for the Bear Stearns ALT-A
      Trust
      2005-8 Class II-1A-1 Certificates, the Prospectus dated December 20, 2004 and
      the Prospectus Supplement dated September 28, 2005 for the Bear Stearns ALT-A
      Trust 2005-9 Class II-3A-1 Certificates, the Prospectus dated December 20,
      2004
      and the Prospectus Supplement dated December 28, 2005 for the Bear Stearns
      ALT
      -A Trust 2005-10 Class II-5A-1 Certificates, the Prospectus dated March 28,
      2006
      and the Prospectus Supplement dated April 27, 2006 for the Bear Stearns ALT-A
      Trust 2006-3 Class II-3A-1 Certificates, the Prospectus dated March 20, 2007
      and
      the Prospectus Supplement dated March 29, 2007 for the Bear Stearns ALT-A Trust
      2007-2 Class II-A-1 Certificates, and the Prospectus dated June 28, 2007 and
      the
      Prospectus Supplement dated June 28, 2007 for the Bear Stearns ARM Trust 2007-2
      Class II-A-1 Notes.

     

    (b)  The
      Grantor Trust Trustee hereby represents and warrants to the Depositor and for
      the benefit of the Grantor Trust Certificateholders, as of the Closing Date,
      that:

     

    (i)  The
      Grantor Trust Trustee is a national banking association, duly organized and
      validly existing under the laws of the United States of America.

     

    (ii)  The
      execution and delivery of this Agreement by the Grantor Trust Trustee, and
      the
      performance and compliance with the terms of this Agreement by the Grantor
      Trust
      Trustee, will not violate the Grantor Trust Trustee’s charter or bylaws or
      constitute a default (or an event which, with notice or lapse of time, or both,
      would constitute a default) under, or result in the breach of, any material
      agreement or other instrument to which it is a party or which is applicable
      to
      it or any of its assets.

     

    (iii)  The
      Grantor Trust Trustee has the full power and authority to enter into and
      consummate all transactions contemplated by this Agreement, has duly authorized
      the execution, delivery and performance of this Agreement, and has duly executed
      and delivered this Agreement.

     

    (iv)  This
      Agreement, assuming due authorization, execution and delivery by the Depositor,
      constitutes a valid, legal and binding obligation of the Grantor Trust Trustee,
      enforceable against the Grantor Trust Trustee in accordance with the terms
      hereof, subject to (A) applicable bankruptcy, insolvency, reorganization,
      moratorium and other laws affecting the enforcement of creditors’ rights
      generally, and (B) general principles of equity, regardless of whether such
      enforcement is considered in a proceeding in equity or at law.

     

    (v)  The
      Grantor Trust Trustee is not in violation of, and its execution and delivery
      of
      this Agreement and its performance and compliance with the terms of this
      Agreement will not constitute a violation of, any law, any order or decree
      of
      any court or arbiter, or any order, regulation or demand of any federal, state
      or local governmental or regulatory authority, which violation is likely to
      affect materially and adversely the ability of the Grantor Trust Trustee to
      perform its obligations under this Agreement.

     

    (vi)  No
      litigation is pending or, to the best of the Grantor Trust Trustee’s knowledge,
      threatened against the Grantor Trust Trustee which would prohibit the Grantor
      Trust Trustee from entering into this Agreement or is likely to materially
      and
      adversely affect the ability of the Grantor Trust Trustee to perform its
      obligations under this Agreement.

     

    (vii)  The
      Underlying Securities will be held by the Grantor Trust Trustee through the
      Depository or its nominee; it has acquired the Underlying Securities on behalf
      of the related Grantor Trust Certificateholders from the Depositor in good
      faith, for value, and the Grantor Trust Trustee has not received notice of,
      and
      has no actual knowledge of, any adverse claim, lien, charge, encumbrance or
      security interest (including, without limitation, federal tax liens or liens
      arising under ERISA); it has not and will not, in any capacity except as Grantor
      Trust Trustee, on behalf of the related Grantor Trust Certificateholders, assert
      any claim or interest in the related Underlying Securities and will hold the
      related Underlying Securities and the proceeds thereof in trust pursuant to
      the
      terms of this Agreement; and it has not encumbered or transferred its right,
      title or interest in the Underlying Securities.

     

    (c)  It
      is
      understood and agreed that the foregoing representations and warranties shall
      survive the execution and delivery of this Agreement.  Upon discovery
      by either party hereto of a breach of any of the foregoing representations
      and
      warranties which materially and adversely affects the interests of the related
      Grantor Trust Certificateholders or either party hereto, the party discovering
      such breach will give prompt written notice thereof to the other party hereto
      and to the related Grantor Trust Certificateholders.  Within thirty
      (30) days of the earlier of either discovery by or notice to the Depositor
      of
      any breach of a representation or warranty of the Depositor that materially
      and
      adversely affects the interests of the related Grantor Trust Certificateholders,
      the Depositor shall use its best efforts promptly to cure such breach in all
      material respects and, if such breach cannot be cured, the Depositor shall,
      at
      the election of the related Majority Grantor Trust Certificateholders,
      repurchase the related Underlying Security affected by the breach at the
      Repurchase Price.  If the Depositor is to repurchase any Underlying
      Security, the Grantor Trust Trustee shall promptly determine the Repurchase
      Price in accordance with the definition thereof.  Repurchase of any
      Underlying Security pursuant to the foregoing provisions of this Section 2.03(c)
      shall be accomplished by deposit by the Depositor in the Certificate Account
      on
      the Business Day prior to the next succeeding Distribution Date of the amount
      of
      the Repurchase Price.

     

    Section
      2.04.  Grantor
      Trust.  The Trust created hereby is intended to qualify as an
“investment trust” within the meaning of Treasury Regulation §301.7701-4(c), and
      it is neither the purpose nor the intent of the parties hereto to create a
      partnership, joint venture, taxable mortgage pool or association taxable as
      a
      corporation between or among the Grantor Trust Certificateholders, the Grantor
      Trust Trustee or the Depositor.  In furtherance of the foregoing, the
      purpose of the Trust shall be to protect and conserve the assets of the Trust,
      and the Trust shall not at any time engage in or carry on any kind of business
      or any kind of commercial or investment activity.  Subject to the
      foregoing, the Trust shall:

     

    (i)  issue
      the
      Grantor Trust Certificates to, or at the written direction of, the Depositor
      in
      exchange for the Underlying Securities;

     

    (ii)  perform
      the activities of the Trust that are expressly set forth in this
      Agreement;

     

    (iii)  engage
      in
      those activities that are reasonably necessary, suitable or convenient to
      accomplish the foregoing or are incidental thereto or connected therewith;
      and

     

    (iv)  subject
      to compliance with this Agreement, engage in such other activities as may be
      required in connection with conservation of the Trust and the making of
      distributions to the Grantor Trust Certificateholders.

     

    The
      Trust
      is hereby authorized to engage in the foregoing activities. The Trust shall
      not
      engage in any activity other than the foregoing or other than as required or
      authorized by the terms of this Agreement while any Grantor Trust Certificate
      is
      outstanding without the consent of all of the Grantor Trust Certificateholders;
      provided, however, that in no event shall the Grantor Trust Trustee or any
      other
      Person have any duty, responsibility or power to vary the investment of the
      Grantor Trust Certificateholders in the Grantor Trust Certificates or to
      substitute new investments or reinvest so as to enable the Trust to take
      advantage of variations in the market to improve the investment of the Grantor
      Trust Certificateholders in the Grantor Trust Certificates.

     

    ARTICLE
      III

     

    ADMINISTRATION
      OF THE UNDERLYING SECURITIES;

     

    PAYMENTS
      AND REPORTS TO GRANTOR TRUST CERTIFICATEHOLDERS

     

    Section
      3.01.  Administration
      of the Trust Fund and the Underlying Security.

     

    If
      at any
      time the Grantor Trust Trustee, as a holder of the Underlying Securities, is
      requested in such capacity, whether by a related Grantor Trust
      Certificateholder, a holder of a certificate or note of any Underlying Series
      or
      a party to the related Underlying Agreement or any other Person, to take any
      action (other than, for the avoidance of doubt, the surrender of the Bear
      Stearns ARM Trust 2007-2 Class II-A-1 Notes in exchange for a corresponding
      class of REMIC notes, as required by and described in the related Underlying
      Agreement) or to give any consent, approval or waiver, including, without
      limitation, in connection with an amendment of any Underlying Agreement, the
      Grantor Trust Trustee shall promptly notify all of the related Holders of
      Grantor Trust Certificates and the Depositor of such request and of its planned
      course of action with respect thereto and shall, in its capacity as a holder
      of
      the related Underlying Securities, take such action in connection with the
      exercise and/or enforcement of any rights and/or remedies available to it in
      such capacity with respect to such request, as the related Majority Grantor
      Trust Certificateholder of the related Grantor Trust Certificates shall direct
      in writing.

     

    Section
      3.02.  Collection
      of Monies.

     

    (a)  In
      connection with its receipt of any distribution on the Underlying Securities
      on
      any Underlying Security Distribution Date, the Grantor Trust Trustee shall
      review the related Underlying Distribution Date Statement and shall confirm
      that
      the aggregate amount of such distribution received by it with respect to the
      Underlying Securities is consistent with the Underlying Distribution Date
      Statements (it being understood that the Grantor Trust Trustee shall be entitled
      to rely on the accuracy and correctness of the Underlying Distribution Date
      Statements).

     

    (b)  If
      the
      Grantor Trust Trustee receives a Notice of Final Distribution in respect of
      any
      Underlying Security, the Grantor Trust Trustee shall present and surrender
      the
      related Underlying Security which is in certificated form for final payment
      thereon, if required, in accordance with the terms and conditions of the related
      Underlying Agreement and such notice.  The Grantor Trust Trustee shall
      promptly deposit in the Certificate Account the final distribution received
      upon
      presentation and surrender of such Underlying Security for distribution in
      accordance with Section 3.05 hereof on the next succeeding Distribution Date
      for
      the Grantor Trust Certificates.

     

    Section
      3.03.  Establishment
      of Certificate Account; Deposits Therein.

     

    (a)  The
      Grantor Trust Trustee, for the benefit of the related Grantor Trust
      Certificateholders, shall establish and maintain one or more interest bearing
      trust accounts (collectively, the “Certificate Account”), each of which
      shall be an Eligible Account, entitled “Wells Fargo Bank, N.A., as grantor trust
      trustee for the registered Holders of Bear Stearns Structured Products Inc.
      Trust 2007-R6, Grantor Trust Certificates, Series 2007-R6,” held in trust by the
      Grantor Trust Trustee for the benefit of the related Grantor Trust
      Certificateholders with respect to the portion of such accounts in the
      related Sub-Trust.  The Grantor Trust Trustee shall cause to be
      deposited directly into the Certificate Account all distributions received
      on
      the Underlying Securities by the Grantor Trust Trustee, from whatever source,
      and all amounts received by it representing payment of a Repurchase Price
      pursuant to Section 2.03(c), subsequent to the Closing Date.  The
      Certificate Account is initially located at the Grantor Trust
      Trustee.  The Grantor Trust Trustee shall give notice to the Depositor
      and to the related Grantor Trust Certificateholders of any new location of
      the
      Certificate Account prior to any change thereof.

     

    (b)  In
      the
      event that payments in respect of the Underlying Securities are received by
      the
      Grantor Trust Trustee prior to the related Distribution Date, the Grantor Trust
      Trustee may invest such funds deposited in the Certificate Account in one or
      more Permitted Investments held in the name of the Grantor Trust Trustee and
      shall receive as compensation, any interest or investment income earned on
      such
      Permitted Investments, which may be withdrawn by the Grantor Trust Trustee
      on
      each Distribution Date and shall not constitute Available Funds. Notwithstanding
      the foregoing, no such Permitted Investment may mature later than such related
      Distribution Date and no such investment shall be sold prior to its maturity
      date. The amount of any losses incurred in respect of any such investments
      shall
      be deposited in the Certificate Account by the Grantor Trust Trustee immediately
      as realized out of its own funds.

     

    (c)  The
      Depositor shall cause all distributions received on the Underlying Securities
      by
      the Depositor or any of its Affiliates after the Closing Date to be remitted
      promptly to the Grantor Trust Trustee for deposit into the Certificate
      Account.

     

    Section
      3.04.  Permitted
      Withdrawals From the Certificate Account.

     

    The
      Grantor Trust Trustee may from time to time withdraw funds from the Certificate
      Account for the following purposes:

     

    (i)  to
      make
      distributions in the amounts and in the manner provided for in Section
      3.05;

     

    (ii)  to
      pay to
      the Person entitled thereto any amount deposited in the Certificate Account
      in
      error;

     

    (iii)  to
      clear
      and terminate the Certificate Account upon the termination of this Agreement;
      and

     

    (iv)  to
      pay
      itself, as additional compensation, the net reinvestment income permitted to
      be
      paid to it as provided in Section 3.03(b).

     

    On
      each
      Distribution Date, the Grantor Trust Trustee shall withdraw all funds from
      the
      Certificate Account and shall use such funds withdrawn from the Certificate
      Account only for the purposes described in this Section 3.04 and in Section
      3.05.

     

    Section
      3.05.  Distributions.

     

    (a)  On
      each
      Distribution Date, the Grantor Trust Trustee shall withdraw amounts from the
      Certificate Account representing the Group I Available Funds and apply them
      to
      pay the Group I Grantor Trust Certificates in the following manner and order
      of
      priority:

     

    (i)  from
      amounts representing interest received on the Group I Underlying Securities,
      if
      any, to the Holders of the Class I-A-1 Grantor Trust Certificates and Class
      I-A-2 Grantor Trust Certificates, on a pro rata basis, as a distribution of
      interest, the Interest Distribution Amount for the Class I-A-1 Grantor Trust
      Certificates and Class I-A-2 Grantor Trust Certificates for such Distribution
      Date; and

     

    (ii)  from
      amounts representing principal received on the Group I Underlying Securities,
      if
      any, to the Holders of the Class I-A-1 Grantor Trust Certificates and Class
      I-A-2 Grantor Trust Certificates, on a pro rata basis, as distributions of
      principal, until the Current Principal Amounts of the Class I-A-1 Grantor Trust
      Certificates and Class I-A-2 Grantor Trust Certificates have been reduced to
      zero.

     

    (b)  On
      each
      Distribution Date, the Grantor Trust Trustee shall withdraw amounts from the
      Certificate Account representing the Group II Available Funds and apply them
      to
      pay the Group II Grantor Trust Certificates in the following manner and order
      of
      priority:

     

    (i)  from
      amounts representing interest received on the Group II Underlying Securities,
      if
      any to the Holders of the Class II-A-1 Grantor Trust Certificates and Class
      II-A-2 Grantor Trust Certificates, on a pro rata basis, as a distribution of
      interest, the Interest Distribution Amount for the Class II-A-1 Grantor Trust
      Certificates and Class II-A-2 Grantor Trust Certificates for such Distribution
      Date; and

     

    (ii)  from
      amounts representing principal received on the Group II Underlying Securities,
      if any, to the Holders of the Class II-A-1 Grantor Trust Certificates and Class
      II-A-2 Grantor Trust Certificates, on a pro rata basis, as distributions of
      principal, until the Current Principal Amounts of the Class II-A-1 Grantor
      Trust
      Certificates and Class II-A-2 Grantor Trust Certificates have been reduced
      to
      zero.

     

    (c)  All
      distributions made to Holders of the Grantor Trust Certificates pursuant to
      Sections 3.05(a) and 3.05(b) on each Distribution Date shall be allocated
prorata among the outstanding related Grantor Trust Certificates
      based upon their respective Percentage Interests and, except in the case of
      the
      final distribution to the Holders of the Grantor Trust Certificates, shall
      be
      made to the related Holders of record on the related Record
      Date.  Distributions to any Grantor Trust Certificateholder on any
      Distribution Date shall be made by wire transfer of immediately available funds
      to the account of such Grantor Trust Certificateholder at a bank or other entity
      having appropriate facilities therefor, if such Grantor Trust Certificateholder
      shall have so notified the Grantor Trust Trustee in writing (which wiring
      instructions may be in the form of a standing order applicable to all future
      Distribution Dates) no less than five (5) Business Days prior to the related
      Record Date (or, in the case of the initial Distribution Date, no later than
      the
      related Record Date) and is the registered owner of related Grantor Trust
      Certificates with an aggregate initial Current Principal Amount of not less
      than
      $1,000,000, or otherwise by check mailed by first class mail to the address
      of
      such Grantor Trust Certificateholder appearing in the Certificate
      Register.  Final distribution to each Grantor Trust Certificateholder
      will be made in like manner, but only upon presentment and surrender of such
      Grantor Trust Certificate at the Corporate Trust Office or such other location
      specified in the notice to Grantor Trust Certificateholders of such final
      distribution.

     

    (d)  Notwithstanding
      any other provision of this Agreement, the Grantor Trust Trustee shall comply
      with all federal withholding requirements respecting payments to Grantor Trust
      Certificateholders of interest or the accrual of discount that the Grantor
      Trust
      Trustee reasonably believes are applicable under the Code.  The
      consent of Grantor Trust Certificateholders shall not be required for such
      withholding.  In the event the Grantor Trust Trustee does withhold any
      amount from payments to any Grantor Trust Certificateholder pursuant to federal
      withholding requirements, the Grantor Trust Trustee shall indicate the amount
      withheld to such Grantor Trust Certificateholders.

     

    (e)  Realized
      Losses.  On any Distribution Date, following distributions to be
      made on that Distribution Date, any Realized Losses (as defined in each
      Underlying Agreement) allocated (a) to the Group I Underlying Securities, will
      first be allocated to the Class I-A-2 Grantor Trust Certificates, until the
      Current Principal Amount thereof has been reduced to zero, and then to the
      Class
      I-A-1 Grantor Trust Certificates, until the Current Principal Amount thereof
      has
      been reduced to zero; and (b) to the Group II Underlying Securities, will first
      be allocated to the Class II-A-2 Grantor Trust Certificates, until the Current
      Principal Amount thereof has been reduced to zero, and then to the Class II-A-1
      Grantor Trust Certificates, until the Current Principal Amount thereof has
      been
      reduced to zero.

     

    Section
      3.06.  Statements
      to Grantor Trust Certificateholders.

     

    On
      each
      Distribution Date, the Grantor Trust Trustee shall prepare and make available
      to
      each Grantor Trust Certificateholder, the Depositor and the Rating Agencies,
      on
      its website, a statement with respect to such Distribution Date,
      stating:

     

    (i)  the
      related Available Funds for such Distribution Date, including the cash flows
      received and the sources thereof for distributions;

     

    (ii)  the
      Interest Distribution Amount and the amount with respect to principal paid
      on
      the related Grantor Trust Certificates with respect to such Distribution
      Date;

     

    (iii)  the
      Current Principal Amount of the related Grantor Trust Certificates before and
      after applying payments on such Distribution Date;

     

    (iv)  the
      applicable record dates, accrual dates and actual Distribution Dates for the
      period;

     

    (v)  the
      Pass-Through Rate on the related Grantor Trust Certificates for such
      Distribution Date; and

     

    (vi)  the
      interest rate on the related Underlying Securities for such Distribution
      Date.

     

    In
      the
      case of the information furnished pursuant to clause (ii) above, the amounts
      shall also be expressed as a dollar amount per $100,000 of principal face
      amount.

     

    The
      Grantor Trust Trustee may make available each month, to any interested party,
      the monthly statement to Grantor Trust Certificateholders via the Grantor Trust
      Trustee’s website initially located at www.ctslink.com.
      Assistance in using the website can be obtained by calling the Grantor Trust
      Trustee’s customer service desk at (866) 846-4526. Parties that are unable to
      use the above distribution option are entitled to have a paper copy mailed
      to
      them via first class mail by calling the Grantor Trust Trustee’s customer
      service desk and indicating such. The Grantor Trust Trustee shall have the
      right
      to change the way such reports are distributed in order to make such
      distribution more convenient and/or more accessible to the parties, and the
      Grantor Trust Trustee shall provide timely and adequate notification to all
      parties regarding any such change.

     

    In
      addition, the Grantor Trust Trustee promptly will furnish to the Depositor,
      and
      upon the written request of a Grantor Trust Certificateholder, to such Grantor
      Trust Certificateholder, copies of any written notices, statements, reports
      or
      other written communications, received by the Grantor Trust Trustee in respect
      of the related Underlying Securities.

     

    The
      Grantor Trust Trustee shall be responsible for preparing, at its own expense,
      executing and filing in a timely manner, on behalf of the Trust Fund and for
      the
      Trust Fund as a grantor trust under the Code, federal income tax and information
      returns and reports with the Internal Revenue Service (“IRS”) and income tax and
      information returns and reports of any other state or local taxing authority
      as
      are required to be so filed, using a calendar year as the taxable year of the
      Trust on an accrual basis including the information reportable under the WHFIT
      Regulations as provided below. The Depositor and each Holder of the Grantor
      Trust Certificates shall provide the Grantor Trust Trustee, all information
      deemed necessary and requested by the Grantor Trust Trustee to fulfill its
      obligations under this paragraph and the paragraphs below.  The
      Grantor Trust Trustee shall furnish to each Grantor Trust Certificateholder
      at
      the time required by law such information reports or returns as are required
      by
      applicable federal, state or local law with respect to the Trust Fund to enable
      Grantor Trust Certificateholders to prepare their tax returns and will furnish
      comparable information to the IRS and other taxing authorities as and when
      required by law to do so.

     

    The
      parties hereto and each Holder of a Grantor Trust Certificate, by acceptance
      of
      its interest in such Grantor Trust Certificate, agree to treat the Trust Fund
      as
      a WHFIT that is a NMWHFIT. The Grantor Trust Trustee shall report as required
      under the WHFIT Regulations to the extent such information as is reasonably
      necessary and requested by the Grantor Trust Trustee to enable the Grantor
      Trust
      Trustee to do so is provided to the Grantor Trust Trustee on a timely
      basis.  Each Holder of Grantor Trust Certificates and the Depositor
      shall provide (to the extent known by the Depositor) the Grantor Trust Trustee
      with information identifying any Holders of Grantor Trust Certificates that
      are
“middlemen” as defined by the WHFIT Regulations.  The Grantor Trust
      Trustee shall not be liable for any tax reporting penalties that may arise
      under
      the WHFIT Regulations as a result of the incorrect determination of the status
      of the Trust Fund as a WHFIT.

     

    The
      Grantor Trust Trustee, in its discretion, shall report required WHFIT
      information using either the cash or accrual method, except to the extent the
      WHFIT Regulations specifically require a different method.  The
      Grantor Trust Trustee shall be under no obligation to determine whether a Holder
      of a Grantor Trust Certificate uses the cash or accrual method.  The
      Grantor Trust Trustee shall make available WHFIT information to the Holders
      of
      Grantor Trust Certificates annually in accordance with the WHFIT
      Regulations.  In addition, the Grantor Trust Trustee shall not be
      responsible or liable for providing subsequently amended, revised or updated
      information to any Holder of Grantor Trust Certificates, unless requested by
      any
      such Holder.

     

    The
      Grantor Trust Trustee shall not be liable for failure to meet the reporting
      requirements of the WHFIT Regulations nor for any penalties thereunder if such
      failure is due to: (i) the lack of reasonably necessary information being
      provided to the Grantor Trust Trustee as required in the second preceding
      paragraph, (ii) incomplete, inaccurate or untimely information being provided
      to
      the Grantor Trust Trustee or (iii) the inability of the Grantor Trust Trustee,
      after good faith efforts, to alter its existing information reporting systems
      to
      capture information necessary to fully account for any updates and revisions
      to
      the WHFIT Regulations for the 2007 calendar year.  Each Holder of a
      Grantor Trust Certificate, by acceptance of its interest in such Grantor Trust
      Certificate, shall be deemed to have agreed to provide, and shall so provide,
      the Grantor Trust Trustee with information regarding any sale of such Grantor
      Trust Certificate, including the price, amount of proceeds and date of
      sale.  Absent receipt of such information, and unless informed
      otherwise by the Depositor, the Grantor Trust Trustee will assume there is
      no
      secondary market trading of interests in the Trust Fund for purposes of the
      WHFIT Regulations.

     

    To
      the
      extent required by the WHFIT Regulations, the Grantor Trust Trustee shall
      publish on an appropriate website the CUSIPs for the Grantor Trust
      Certificates.  The Grantor Trust Trustee shall make reasonable good
      faith efforts to keep the website accurate and updated to the extent CUSIPs
      have
      been received.  Absent the receipt of a CUSIP, the Grantor Trust
      Trustee shall use a reasonable identifier number in lieu of such missing
      CUSIP.  The Grantor Trust Trustee shall not be liable for investor
      reporting delays that result from the receipt of inaccurate or untimely CUSIP
      information.

     

    The
      Grantor Trust Trustee shall be entitled to additional reasonable compensation
      for changes in reporting required in respect of the WHFIT Regulations that
      arise
      as a result of a change in the WHFIT Regulations or a change in interpretation
      of the WHFIT Regulations by the IRS or the Depositor or its counsel, in each
      case, following the Closing Date, if such change requires, in the Grantor Trust
      Trustee’s sole discretion, a material increase in the Grantor Trust Trustee’s
      reporting obligations under the WHFIT Regulations in respect of the Trust
      Fund.

     

    Section
      3.07.  Access
      to Certain Documentation and Information.

     

    The
      Grantor Trust Trustee shall provide to the Depositor access to all reports,
      documents and records maintained by the Grantor Trust Trustee in respect of
      its
      duties hereunder, such access being afforded without charge but only upon three
      (3) Business Days’ written request and during normal business hours at offices
      designated by the Grantor Trust Trustee.

     

    Section
      3.08.  Calculation
      of Distribution Amounts.

     

    All
      calculations of Available Funds, the Interest Distribution Amount and amounts
      payable with respect to principal for any Distribution Date shall be performed
      by the Grantor Trust Trustee in reliance on the information provided to it
      in
      the applicable Underlying Distribution Date Statements.

     

    Section
      3.09.  Annual
      Statement as to Compliance.

     

    (a)  The
      Grantor Trust Trustee shall deliver (or otherwise make available) to the
      Depositor not later than March 15th of each calendar year in which a Form 10-K
      is required to be filed beginning in 2008, an Officer’s Certificate (an “Annual
      Statement of Compliance”) stating, as to each signatory thereof, that (i) a
      review of the activities of the Grantor Trust Trustee during the preceding
      calendar year and of its performance under this Agreement has been made under
      such officer’s supervision and (ii) to the best of such officer’s knowledge,
      based on such review, the Grantor Trust Trustee has fulfilled all of its
      obligations under this Agreement in all material respects throughout such year
      or applicable portion thereof, or, if there has been a failure to fulfill any
      such obligation in any material respect, specifying each such failure known
      to
      such officer and the nature and status of the cure provisions
      thereof.  Such Annual Statement of Compliance shall contain no
      restrictions or limitations on its use.

     

    (b)  The
      servicer, master
      servicer, securities administrator and/or custodian for each of  the
      Underlying Series, other than the Underlying 2007 Series, will be required
      to
      provide to the Grantor Trust Trustee and the Depositor an Annual Statement
      of
      Compliance pursuant to the related Underlying Agreement or a side letter
      agreement. The Depositor, in its capacity as the depositor for the Underlying
      Series, shall forward any Annual Statement of Compliance to the Grantor Trust
      Trustee not otherwise received by the Grantor Trust Trustee and any other Annual
      Statement of a Servicer that is required to be filed under the related Form
      10-K.

     

    (c)  Failure
      of the Grantor Trust Trustee to comply with this Section 3.09 (including with
      respect to the timeframes required in this Section) which failure results in
      a
      failure to timely file the related Form 10-K, shall, upon written notice from
      the Depositor, constitute a default, and, in addition to whatever rights the
      Depositor may have under this Agreement and at law or equity or to damages,
      including injunctive relief and specific performance, the Depositor may upon
      notice immediately terminate all of the rights and obligations of the Grantor
      Trust Trustee under this Agreement and in and to the Underlying Securities
      and
      the proceeds thereof without compensating the Grantor Trust Trustee for the
      same
      (but subject to the Grantor Trust Trustee’s right to reimbursement of all
      amounts for which it is entitled to be reimbursed prior to the date of
      termination).  This paragraph shall supersede any other provision in
      this Agreement or any other agreement to the contrary.

     

    Section
      3.10.  Assessments
      of Compliance and Attestation Reports.

     

    Pursuant
      to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation
      AB,
      the Grantor Trust Trustee (to the extent set forth in this Section) (the
“Attesting Party”) shall deliver (or otherwise make available) to the Depositor
      on or before March 15th of each calendar year in which a report on Form 10-K
      is
      required to be filed with the Commission with respect to the Grantor Trust
      Certificates, beginning in 2008, a report regarding the Attesting Party’s
      assessment of compliance (an “Assessment of Compliance”) with the Servicing
      Criteria applicable to it during the preceding calendar year.  The
      Assessment of Compliance, as set forth in Regulation AB, must contain the
      following:

     

    (a)           A
      statement by an authorized officer of the Attesting Party of its authority
      and
      responsibility for assessing compliance with the Servicing Criteria applicable
      to the Attesting Party;

     

    (b)           A
      statement by an authorized officer that the Attesting Party used the Servicing
      Criteria identified in Exhibit C hereto to assess compliance with the Servicing
      Criteria applicable to the Attesting Party;

     

    (c)           An
      assessment by such officer of the Attesting Party’s compliance with the
      applicable Servicing Criteria for the period consisting of the preceding
      calendar year, including disclosure of any material instance of noncompliance
      with respect thereto during such period, which assessment shall be based on
      the
      activities the Attesting Party performs with respect to asset-backed securities
      transactions taken as a whole involving the Attesting Party, that are backed
      by
      the same asset type as those backing the Underlying Securities;

     

    (d)           A
      statement that a registered public accounting firm has issued an attestation
      report on the Attesting Party’s Assessment of Compliance for the period
      consisting of the preceding calendar year; and

     

    (e)           A
      statement as to which of the Servicing Criteria, if any, are not applicable
      to
      the Attesting Party, which statement shall be based on the activities the
      Attesting Party performs with respect to asset-backed securities transactions
      taken as a whole involving the Attesting Party, that are backed by the same
      asset type as those backing the Grantor Trust Certificates.

     

    Such
      report at a minimum shall address each of the Servicing Criteria specified
      on
      Exhibit C hereto which are indicated as applicable to the Attesting
      Party.

     

    On
      or
      before March 15th of each calendar year in which a report on Form 10-K is
      required to be filed with the Commission with respect to the Grantor Trust
      Certificates, beginning in 2008, the Attesting Party shall furnish to the
      Depositor a report (an “Attestation Report”) by a registered public accounting
      firm that attests to, and reports on, the Assessment of Compliance made by
      the
      Attesting Party, as required by Rules 13a-18 and 15d-18 of the Exchange Act
      and
      Item 1122(b) of Regulation AB, which Attestation Report must be made in
      accordance with standards for attestation reports issued or adopted by the
      Public Company Accounting Oversight Board.

     

    
      Each
        party to the Underlying Series that is determined by the Depositor to be
        “participating in the servicing function” within the meaning of Item 1122 of
        Regulation AB will be required to provide to the Grantor Trust Trustee and
        the
        Depositor an Assessment of Compliance and Attestation Report pursuant to
        the
        related Underlying Agreement or a side letter agreement. The Depositor, in
        its
        capacity as depositor for the Underlying Series, shall forward any Assessment
        of
        Compliance and Attestation Report to Grantor Trust Trustee not otherwise
        received by the Grantor Trust Trustee and any other Assessment of Compliance
        and
        Attestation Report required to be filed under the related Form 10-K. The
        Depositor will identify and provide any Assessment of Compliance and Attestation
        Report to the Grantor Trust Trustee required to be included in any Form 10-K
        and, with respect to each Underlying 2007 Series, cause such Assessments
        of
        Compliance and Attestation Reports that are required to be included in such
        Form
        10-K to be incorporated by reference.

    

     

    The
      Depositor shall confirm that each Assessment of Compliance delivered to it
      addresses all of the Servicing Criteria set forth in Exhibit C and notify the
      Grantor Trust Trustee of any exceptions. Notwithstanding the foregoing, as
      to
      any subcontractor, an Assessment of Compliance is not required to be delivered
      unless it is required as part of a Form 10-K with respect to the Trust
      Fund.

     

    Failure
      of the Grantor Trust Trustee to comply with this Section 3.10 (including with
      respect to the timeframes required in this Section) which failure results in
      a
      failure to timely file the related Form 10-K, shall, upon written notice from
      the Depositor, constitute a default and the Depositor shall, in addition to
      whatever rights the Depositor may have under this Agreement and at law or equity
      or to damages, including injunctive relief and specific performance, upon notice
      immediately terminate all of the rights and obligations of the Grantor Trust
      Trustee under this Agreement and in and to the Underlying Securities and the
      proceeds thereof without compensating the Grantor Trust Trustee for the same
      (but subject to the Grantor Trust Trustee’s right to reimbursement of all
      amounts for which it is entitled to be reimbursed prior to the date of
      termination).  This paragraph shall supersede any other provision in
      this Agreement or any other agreement to the contrary.

     

    Section
      3.11.  Reports
      Filed with Securities and Exchange Commission.

     

    (a)           (i)
      (A)
      Within 15 days after each Distribution Date, for so long as the Trust is subject
      to Exchange Act reporting requirements, the Grantor Trust Trustee shall, in
      accordance with industry standards, prepare and file with the Commission via
      the
      Electronic Data Gathering and Retrieval System (“EDGAR”), a Distribution Report
      on Form 10-D, signed by the Depositor, with a copy of the monthly statement
      to
      be furnished by the Grantor Trust Trustee to the Grantor Trust
      Certificateholders for such Distribution Date pursuant to Section 3.06 hereof,
      including any monthly statement with respect to any Underlying Series, and
      in
      the case of the Underlying 2007 Series, the Depositor shall incorporate by
      reference the related monthly statement including the related Form 10-D’s;
      provided that, the Grantor Trust Trustee shall have received no later than
      five
      (5) calendar days after the related Distribution Date, all information required
      to be provided to the Grantor Trust Trustee as described in clause (a)(iv)
      below
      and pursuant to the side letter agreements.  Any disclosure that is in
      addition to the monthly statement and that is required to be included on Form
      10-D, including any information that is required to be filed under Form 10-D
      in
      connection with any of the Underlying Series (other than the Underlying 2007
      Series) pursuant to the Underlying Agreements, the side letter agreements or
      as
      otherwise required to be provided or incorporated by reference as instructed
      by
      the Depositor (“Additional Form 10-D Disclosure”), shall be, pursuant to the
      paragraph (B) below, reported by the parties set forth on Exhibit D and reported
      by parties related to the Underlying Series pursuant to certain side letter
      agreements to the Grantor Trust Trustee, or otherwise provided by the Depositor
      with respect to any information required to be provided pursuant to Item 1117
      or
      Item 1119 of Regulation AB, and the Depositor and approved for inclusion by
      the
      Depositor. The Grantor Trust Trustee will have no duty or liability for any
      failure hereunder to determine or prepare any Additional Form 10-D Disclosure
      absent such reporting (other than in the case where the Grantor Trust Trustee
      is
      the reporting party as set forth in Exhibit D) and approval.
       

      Notwithstanding
        anything in this Agreement or the Underlying Agreements to the contrary,
        the
        Grantor Trust Trustee, as master servicer and/or securities administrator
        for
        each of the Underlying Series, shall aggregate and make available to the
        Depositor all information provided pursuant to Item 1121 of Regulation AB
        with
        respect to each Underlying Series for purposes of including such information
        in
        each Form 10-D that is required to be filed under this Agreement.

       

      (B)
        Within five (5) calendar days after the related Distribution Date, (i) the
        parties set forth in Exhibit D and the parties related to the Underlying
        Series
        and required to provide information pursuant to the Underlying Agreements
        and
        certain side letter agreements shall be required to provide, pursuant to
        Section
        3.11(a)(iv) below and pursuant to the side letter agreements, to the Grantor
        Trust Trustee and the Depositor, to the extent known by a responsible officer
        thereof, in EDGAR-compatible format, or in such other form as otherwise agreed
        upon by the Grantor Trust Trustee and the Depositor and such party, the form
        and
        substance of any Additional Form 10-D Disclosure, if applicable and (ii)
        the
        Depositor shall approve, as to form and substance, or disapprove, as the
        case
        may be, the inclusion of the Additional Form 10-D Disclosure on Form 10-D.
        To
        the extent not otherwise required under any related Underlying Agreement
        or side
        letter agreement, the Depositor shall provide to the Grantor Trust Trustee
        any
        Additional Form 10-D Disclosure (other than any information required under
        Item
        1121 of Regulation AB) for any Servicer of an Underlying Series. The Depositor
        shall be responsible for any reasonable fees and expenses assessed or incurred
        by the Grantor Trust Trustee in connection with including any Form 10-D
        Disclosure Information on Form 10-D pursuant to this Section.

       

    

    (C)
      After
      preparing the Form 10-D, the Grantor Trust Trustee shall forward electronically
      a copy of the Form 10-D to the Depositor for review.  Within two (2)
      Business Days after receipt of such copy, but no later than the 12th calendar
      day after the Distribution Date (provided that, the Grantor Trust Trustee
      forwards a copy of the Form 10-D no later than the 10th calendar after the
      Distribution Date), the Depositor shall notify the Grantor Trust Trustee in
      writing (which may be furnished electronically) of any changes to or approval
      of
      such Form 10-D.  In the absence of receipt of any written changes or
      approval, the Grantor Trust Trustee shall be entitled to assume that such Form
      10-D is in final form and the Grantor Trust Trustee may proceed with the filing
      of the Form 10-D.  No later than the 13th calendar day after the
      related Distribution Date, a duly authorized officer of the Depositor shall
      sign
      the Form 10-D and return an electronic or fax copy of such signed Form 10-D
      (with an original executed hard copy to follow by overnight mail) to the Grantor
      Trust Trustee.  If a Form 10-D cannot be filed on time or if a
      previously filed Form 10-D needs to be amended, the Grantor Trust Trustee shall
      follow the procedures set forth in Section 3.11(a)(v). Promptly (but no later
      than one (1) Business Day) after filing with the Commission, the Grantor Trust
      Trustee shall make available on its internet website a final executed copy
      of
      each Form 10-D filed by the Grantor Trust Trustee.  The parties to
      this Agreement acknowledge that the performance by the Grantor Trust Trustee
      of
      its duties under Sections 3.11(a)(i) and (v) related to the timely preparation,
      execution and filing of Form 10-D is contingent upon such parties strictly
      observing all applicable deadlines in the performance of their duties under
      such
      Sections. The Grantor Trust Trustee shall not have any liability for any loss,
      expense, damage, claim arising out of or with respect to any failure to properly
      prepare and timely file such Form 10-D, where such failure results from the
      Grantor Trust Trustee’s inability or failure to receive, on a timely basis, any
      information from any other party hereto needed to prepare, arrange for execution
      or file such Form 10-D, not resulting from its own negligence, bad faith or
      willful misconduct.

     

    Each
      of
      Form 10-D and Form 10-K requires the registrant to indicate (by checking “yes”
or “no”) that it “(1) has filed all reports required to be filed by Section 13
      or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter
      period that the registrant was required to file such reports), and (2) has
      been
      subject to such filing requirements for the past 90 days.”  The
      Depositor hereby represents to the Grantor Trust Trustee that the Depositor
      has
      filed all such required reports during the preceding twelve (12) months and
      it
      has been subject to such filing requirements for the past 90
      days.  The Depositor shall notify the Grantor Trust Trustee in
      writing, no later than the fifth calendar day after the related Distribution
      Date with respect to the filing of a report on Form 10-D and no later than
      March
      15th with
      respect to the filing of a report on Form 10-K, if the answer to the questions
      should be “no.”  The Grantor Trust Trustee shall be entitled to rely
      on such representations in preparing, executing and/or filing any such
      report.

     

    
      (ii)
        (A)
        Within four (4) Business Days after the occurrence of an event requiring
        disclosure on Form 8-K (each such event, a “Reportable Event”), for so long as
        the Trust is subject to Exchange Act reporting requirements, the Grantor
        Trust
        Trustee shall prepare and file, at the direction of the Depositor, on behalf
        of
        the Trust, any Form 8-K, as required by the Exchange Act; provided that,
        the
        Depositor shall prepare and file the initial Form 8-K in connection with
        the
        issuance of the Grantor Trust Certificates.  Any disclosure or
        information related to a Reportable Event or that is otherwise required to
        be
        included on Form 8-K, including any Form 8-K filed in connection with the
        Underlying Series (other than the Underlying 2007 Series) that, but for the
        filing of a Form 15 for any such Underlying Series, is required to be filed
        in a
        Form 8-K pursuant to the Underlying Agreements, the side letter agreements
        or as
        otherwise required to be provided or incorporated by reference as instructed
        by
        the Depositor (“Form 8-K Disclosure Information”), shall be, pursuant to the
        paragraph immediately below, reported by the parties set forth on Exhibit
        D and
        the parties related to any Underlying Serieies pursuant to the related
        Underlying Agreement or side letter agreement to the Grantor Trust Trustee
        and
        the Depositor and approved by the Depositor, and the Grantor Trust Trustee
        will
        have no duty or liability for any failure hereunder to determine or prepare
        any
        Additional Form 8-K Disclosure absent such reporting (other than in the case
        where the Grantor Trust Trustee is the reporting party as set forth in Exhibit
        D) and approval. To the extent not otherwise required under any related
        Underlying Agreement or side letter agreement, the Depositor shall provide
        to
        the Grantor Trust Trustee any Additional Form 8-K Disclosure for any Servicer
        of
        an Underlying Series required to be filed on Form 8-K.

       

      (B)
        For
        so long as the Trust is subject to the Exchange Act reporting requirements,
        no
        later than the close of business New York City time on the second (2nd) Business
        Day
        after the occurrence of a Reportable Event  (i) the parties set forth
        in Exhibit D and parties related to the Underlying Series and required to
        provide information pursuant to the Underlying Agreements and certain side
        letter agreements shall be required pursuant to Section 3.11(a)(iv) below
        or
        such side letter agreements to provide to the Grantor Trust Trustee and the
        Depositor, to the extent known by a responsible officer thereof, in
        EDGAR-compatible format, or in such other form as otherwise agreed upon by
        the
        Grantor Trust Trustee and the Depositor and such party, the form and substance
        of any Form 8-K Disclosure Information, if applicable, and (ii) the Depositor
        shall approve, as to form and substance, or disapprove, as the case may be,
        the
        inclusion of the Form 8-K Disclosure Information on Form 8-K. The Depositor
        shall be responsible for any reasonable fees and expenses assessed or incurred
        by the Grantor Trust Trustee in connection with including any Form 8-K
        Disclosure Information on Form 8-K pursuant to this Section.

       

      (C)
        After
        preparing the Form 8-K, the Grantor Trust Trustee shall forward electronically
        a
        copy of the Form 8-K to the Depositor for review no later than noon New York
        time on the third (3rd) Business
        Day
        after the Reportable Event.  No later than the close of business New
        York City time on the third (3rd) Business
        Day
        after the Reportable Event, a duly authorized officer of the Depositor shall
        sign the Form 8-K and return an electronic or fax copy of such signed Form
        8-K
        (with an original executed hard copy to follow by overnight mail) to the
        Grantor
        Trust Trustee.  Promptly, but no later than the close of business on
        the 3rd Business Day after the Reportable Event, the Depositor shall notify
        the
        Grantor Trust Trustee in writing (which may be furnished electronically)
        of any
        changes to or approval of such Form 8-K filed by the Grantor Trust
        Trustee.  In the absence of receipt of any written changes or
        approval, the Grantor Trust Trustee shall be entitled to assume that such
        Form
        8-K is in final form and the Grantor Trust Trustee may proceed with the filing
        of the Form 8-K.  If a Form 8-K cannot be filed on time or if a
        previously filed Form 8-K needs to be amended, the Grantor Trust Trustee
        shall
        follow the procedures set forth in Section 3.11(a)(v). Promptly (but no later
        than one (1) Business Day) after filing with the Commission, the Grantor
        Trust
        Trustee shall make available on its internet website a final executed copy
        of
        each Form 8-K filed by the Grantor Trust Trustee.  The parties to this
        Agreement acknowledge that the performance by the Grantor Trust Trustee of
        its
        duties under this Section 3.11(a)(ii) related to the timely preparation,
        execution and filing of Form 8-K is contingent upon such parties strictly
        observing all applicable deadlines in the performance of their duties under
        this
        Section 3.11(a)(ii).  The Grantor Trust Trustee shall have no
        liability for any loss, expense, damage, claim arising out of or with respect
        to
        any failure to properly prepare, execute and/or timely file such Form 8-K,
        where
        such failure results from the Grantor Trust Trustee’s inability or failure to
        receive, on a timely basis, any information from any other party hereto needed
        to prepare, arrange for execution or file such Form 8-K, not resulting from
        its
        own negligence, bad faith or willful misconduct.

       

      (iii)
        (A)
        Within 90 days after the end of each fiscal year of the Trust or such earlier
        date as may be required by the Exchange Act (the “10-K Filing Deadline”) (it
        being understood that the fiscal year for the Trust ends on December 31st
        of
        each year), commencing in March 2008 and thereafter so long as the Trust
        is
        subject to Exchange Act reporting requirements, the Grantor Trust Trustee
        shall
        prepare and file on behalf of the Trust a Form 10-K, in form and substance
        as
        required by the Exchange Act.  Each such Form 10-K shall include the
        following items, in each case to the extent they have been delivered to the
        Grantor Trust Trustee within the applicable time frames set forth in this
        Agreement, (I) an annual compliance statement for the Grantor Trust Trustee
        and
        each master servicer, securities administrator and servicer for the Underlying
        Series other than the Underlying 2007 Series, as described under Section
        3.09,
        (II)(A) the annual report on assessment of compliance with Servicing Criteria
        for the Grantor Trust Trustee and each master servicer, securities administrator
        and servicer for the Underlying Series other than the Underlying 2007 Series,
        as
        described under Section 3.10, and (B) if any such report on assessment of
        compliance with Servicing Criteria described under Section 3.10 identifies
        any
        material instance of noncompliance, disclosure identifying such instance
        of
        noncompliance, or if any such report on assessment of compliance with Servicing
        Criteria described under Section 3.10 is not included as an exhibit to such
        Form
        10-K, disclosure that such report is not included and an explanation why
        such
        report is not included, (III)(A) the registered public accounting firm
        attestation report for the Grantor Trust Trustee and each master servicer,
        securities administrator, servicer and custodian for the Underlying Series,
        other than the Underlying 2007 Series, that is required to be filed under
        Form
        10-K, as described under Section 3.10, and (B) if any registered public
        accounting firm attestation report described under Section 3.10 identifies
        any
        material instance of noncompliance, disclosure identifying such instance
        of
        noncompliance, or if any such registered public accounting firm attestation
        report is not included as an exhibit to such Form 10-K, disclosure that such
        report is not included and an explanation why such report is not included,
        and
        (IV) a Sarbanes-Oxley Certification as described in Section 3.11 (a)(iii)(D)
        below (provided, however, that the Grantor Trust Trustee, at its discretion,
        may
        omit from the Form 10-K any annual compliance statement, assessment of
        compliance or attestation report that is not required to be filed with such
        Form
        10-K pursuant to Regulation AB). Any disclosure or information in addition
        to
        (I) through (IV) above that is required to be included on Form 10-K, including
        the Form 10-K filed in connection with the Underlying Series (“Additional Form
        10-K Disclosure”) shall be, pursuant to paragraph (B) below, reported by the
        parties set forth on Exhibit D and parties related to the Underlying Series
        and
        required to provide information pursuant to the Underlying Agreements and
        the
        side letter agreements to the Grantor Trust Trustee and the Depositor and
        approved by the Depositor, and the Grantor Trust Trustee will have no duty
        or
        liability for any failure hereunder to determine or prepare any Additional
        Form
        10-K Disclosure absent such reporting (other than in the case where the Grantor
        Trust Trustee is the reporting party as set forth in Exhibit D) and
        approval.

       

      Notwithstanding
        anything in this Agreement or the Underlying Agreements to the contrary,
        the
        Grantor Trustee shall aggregate all information provided by the parties related
        to the Underlying Series pursuant to the Underlying Agreements, the side
        letter
        agreements or as otherwise required to be provided by the Depositor or
        incorporated by reference as instructed by the Depositor, to the Depositor
        or
        the Grantor Trust Trustee, and shall include such information in any Form
        10-K
        filed pursuant to this Agreement to the extent such information is required
        to
        be included in such Form 10-K and is received by the Grantor Trust
        Trustee.

       

      (B)
        No
        later than March 15th of each year that the Trust is subject to the Exchange
        Act
        reporting requirements, commencing in 2008, (i) the parties set forth in
        Exhibit
        D and parties related to the Underlying Series and required to provide
        information pursuant to the Underlying Agreements and certain side letter
        agreements shall be required to provide pursuant to Section 3.11(a)(iv) below
        to
        the Grantor Trust Trustee and the Depositor, to the extent known by a
        responsible officer thereof, in EDGAR-compatible format, or in such other
        form
        as otherwise agreed upon by the Grantor Trust Trustee and the Depositor and
        such
        party, the form and substance of any Additional Form 10-K Disclosure, if
        applicable, and (ii) the Depositor will approve, as to form and substance,
        or
        disapprove, as the case may be, the inclusion of the Additional Form 10-K
        Disclosure on Form 10-K.  To the extent not otherwise required under
        any related Underlying Agreement or side letter agreement, the Depositor
        shall
        provide to the Grantor Trust Trustee any Additional Form 10-K Disclosure
        for any
        Servicer of an Underlying Series. The Depositor shall be responsible for
        any
        reasonable fees and expenses assessed or incurred by the Grantor Trust Trustee
        in connection with including any Form 10-K Disclosure information on Form
        10-K
        pursuant to this Section.

       

      (C)
        After
        preparing the Form 10-K, the Grantor Trust Trustee shall forward electronically
        a copy of the Form 10-K to the Depositor for review.  Within three (3)
        Business Days after receipt of such copy, but no later than March 25th of such
        year, the
        Depositor shall notify the Grantor Trust Trustee in writing (which may be
        furnished electronically) of any changes to or approval of such Form
        10-K.  In the absence of receipt of any written changes or approval,
        the Grantor Trust Trustee shall be entitled to assume that such Form 10-K
        is in
        final form and the Grantor Trust Trustee may proceed with the filing of the
        Form
        10-K.  No later than the close of business New York City time on the
        4th Business Day prior to the 10-K Filing Deadline, a senior officer of the
        Depositor shall sign the Form 10-K and return an electronic or fax copy of
        such
        signed Form 10-K (with an original executed hard copy to follow by overnight
        mail) to the Grantor Trust Trustee.  If a Form 10-K cannot be filed on
        time or if a previously filed Form 10-K needs to be amended, the Grantor
        Trust
        Trustee will follow the procedures set forth in Section
        3.11(a)(v).  Promptly (but no later than one (1) Business Day) after
        filing with the Commission, the Grantor Trust Trustee shall make available
        on
        its internet website a final executed copy of each Form 10-K filed by the
        Grantor Trust Trustee.  The parties to this Agreement acknowledge that
        the performance by the Grantor Trust Trustee of its duties under Sections
        3.11(a)(iii) and (v) related to the timely preparation, execution and filing
        of
        Form 10-K is contingent upon such parties strictly observing all applicable
        deadlines in the performance of their duties under such Sections and Section
        3.09 and Section 3.10.  The Grantor Trust Trustee shall not have any
        liability for any loss, expense, damage, claim arising out of or with respect
        to
        any failure to properly prepare, execute and/or timely file such Form 10-K,
        where such failure results from the Grantor Trust Trustee’s inability or failure
        to receive, on a timely basis, any information from any other party hereto
        needed to prepare, arrange for execution or file such Form 10-K, not resulting
        from its own negligence, bad faith or willful misconduct.

       

      (D)
        Each
        Form 10-K shall include a certification (the “Sarbanes-Oxley Certification”)
        required to be included therewith in compliance with Item 601(b)(31)(ii)
        of
        Regulation S-K, which shall be signed by the Certifying Person and delivered
        to
        the Grantor Trust Trustee no later than March 15th of each year in which
        the
        Trust is subject to the reporting requirements of the Exchange
        Act.  The Grantor Trust Trustee shall provide to the Depositor, as the
        Person who signs the Sarbanes-Oxley Certification (the “Certifying Person”), by
        March 10th of each year in which the Trust is subject to the reporting
        requirements of the Exchange Act and otherwise within a reasonable period
        of
        time upon request, a certification (a “Back-Up Certification”), in the form
        attached hereto as Exhibit B, upon which the Certifying Person, the entity
        for
        which the Certifying Person acts as an officer, and such entity’s officers,
        directors and Affiliates (collectively with the Certifying Person,
“Certification Parties”) can reasonably rely.  A senior officer of the
        Depositor shall serve as the Certifying Person on behalf of the
        Trust.

       

      (iv)   With
        respect to any
        Additional Form 10-D Disclosure, Additional Form 10-K Disclosure or any Form
        8-K
        Disclosure Information (collectively, the “Additional Disclosure”) relating to
        the Trust Fund and the Underlying Series, the Grantor Trust Trustee’s obligation
        to include such Additional Information in the applicable Exchange Act report
        is
        subject to receipt from the entity that is indicated in Exhibit D as the
        responsible party for providing that information, if other than the Grantor
        Trust Trustee, as and when required as described in Section 3.11(a)(i) through
        (iii) above.  Such Additional Disclosure shall be accompanied by a
        notice substantially in the form of Exhibit E.  Each of the Sponsor,
        the Grantor Trust Trustee and the Depositor hereby agrees to notify and provide
        to the extent known to the Sponsor, the Grantor Trust Trustee and the Depositor
        all Additional Disclosure relating to the Trust Fund, with respect to which
        such
        party is indicated in Exhibit E as the responsible party for providing that
        information.  The Depositor shall be responsible for any reasonable
        fees and expenses assessed or incurred by the Grantor Trust Trustee in
        connection with including any Additional Disclosure information pursuant
        to this
        Section.

       

    

     

    So
      long
      as the Depositor is subject to the reporting requirements of the Exchange Act
      with respect to the Trust Fund, the Grantor Trust Trustee shall notify the
      Depositor of any bankruptcy or receivership with respect to the Grantor Trust
      Trustee or of any proceedings of the type described under Item 1117 of
      Regulation AB that have occurred as of the related Due Period, together with
      a
      description thereof, no later than the date on which such information is
      required of other parties hereto as set forth under this Section
      3.11.  In addition, the Grantor Trust Trustee shall notify the
      Depositor of any affiliations or relationships that develop after the Closing
      Date between the Grantor Trust Trustee and the Depositor or the Sponsor of
      the
      type described under Item 1119 of Regulation AB, together with a description
      thereof, no later than the date on which such information is required of other
      parties hereto as set forth under this Section 3.11. Should the identification
      of any of the Depositor or the Sponsor change, the Depositor shall promptly
      notify the Grantor Trust Trustee.

     

    (v)
      (A)
      On or prior to January 30th of the first year in which the Grantor Trust Trustee
      is able to do so under applicable law, the Grantor Trust Trustee shall prepare
      and file a Form 15 relating to the automatic suspension of reporting in respect
      of the Trust under the Exchange Act.

     

    (B)
      In
      the event that the Grantor Trust Trustee is unable to timely file with the
      Commission all or any required portion of any Form 8-K, 10-D or 10-K required
      to
      be filed by this Agreement because required disclosure information was either
      not delivered to it or delivered to it after the delivery deadlines set forth
      in
      this Agreement or for any other reason, the Grantor Trust Trustee shall promptly
      notify the Depositor.  In the case of Form 10-D and 10-K, the
      Depositor and the Grantor Trust Trustee shall cooperate to prepare and file
      a
      Form 12b-25 and a 10-DA and 10-KA as applicable, pursuant to Rule 12b-25 of
      the
      Exchange Act.  In the case of Form 8-K, the Grantor Trust Trustee
      will, upon receipt of all required Form 8-K Disclosure Information and upon
      the
      approval and direction of the Depositor, include such disclosure information
      on
      the next Form 10-D.  In the event that any previously filed Form 8-K,
      10-D or 10-K needs to be amended, and such amendment relates to any Additional
      Disclosure, the Grantor Trust Trustee shall notify the Depositor and the parties
      affected thereby and such parties will cooperate to prepare any necessary Form
      8-K/A, 10-DA or 10-KA.  Any Form 15, Form 12b-25 or any amendment to
      Form 8-K, 10-D or 10-K shall be signed by a duly authorized officer of the
      Depositor.  The parties hereto acknowledge that the performance by the
      Depositor and the Grantor Trust Trustee of their respective duties under this
      Section 3.11(a)(v) related to the timely preparation, execution and filing
      of
      Form 15, a Form 12b-25 or any amendment to Form 8-K, 10-D or 10-K is contingent
      upon the Depositor timely performing its duties under this
      Section.  The Grantor Trust Trustee shall not have any liability for
      any loss, expense, damage, claim arising out of or with respect to any failure
      to properly prepare, execute and/or timely file any such Form 15, Form 12b-25
      or
      any amendments to Form 8-K, 10-D or 10-K, where such failure results from the
      Grantor Trust Trustee’s inability or failure to receive, on a timely basis, any
      information from any other party hereto needed to prepare, arrange for execution
      or file such Form 15, Form 12b-25 or any amendments to Form 8-K, 10-D or 10-K,
      not resulting from its own negligence, bad faith or willful
      misconduct.

     

    The
      Depositor agrees to promptly furnish to the Grantor Trust Trustee, from time
      to
      time upon request, such further information, reports and financial statements
      within its control related to this Agreement and the Underlying Securities
      as
      the Grantor Trust Trustee reasonably deems appropriate to prepare and file
      all
      necessary reports with the Commission. The Grantor Trust Trustee shall have
      no
      responsibility to file any items other than those specified in this Section
      3.11; provided, however, the Grantor Trust Trustee shall cooperate with the
      Depositor in connection with any additional filings with respect to the Trust
      Fund as the Depositor deems necessary under the Exchange Act.  Fees
      and expenses incurred by the Grantor Trust Trustee in connection with this
      Section 3.11 shall not be reimbursable from the Trust Fund.

     

    (b)           The
      Grantor Trust Trustee shall indemnify and hold harmless the Depositor and each
      of its officers, directors and affiliates from and against any losses, damages,
      penalties, fines, forfeitures, reasonable and necessary legal fees and related
      costs, judgments and other costs and expenses arising out of or based upon
      a
      breach of the Grantor Trust Trustee’s obligations under Sections 3.09, 3.10 and
      3.11 or the Grantor Trust Trustee’s negligence, bad faith or willful misconduct
      in connection therewith. In addition, the Grantor Trust Trustee shall indemnify
      and hold harmless the Depositor and each of its respective officers, directors
      and affiliates from and against any losses, damages, penalties, fines,
      forfeitures, reasonable and necessary legal fees and related costs, judgments
      and other costs and expenses arising out of or based upon (i) any untrue
      statement or alleged untrue statement of any material fact contained in any
      Back-Up Certification, any Annual Statement of Compliance, any Assessment of
      Compliance or any Additional Disclosure provided by the Grantor Trust Trustee
      on
      its behalf pursuant to Section 3.09, 3.10 or 3.11 (the “Grantor Trust Trustee
      Information”), or (ii) any omission or alleged omission to state therein a
      material fact required to be stated therein or necessary to make the statements
      therein, in light of the circumstances in which they were made, not misleading;
      provided, by way of clarification, that this paragraph shall be construed solely
      by reference to the Grantor Trust Trustee Information and not to any other
      information communicated in connection with the Grantor Trust Certificates,
      without regard to whether the Grantor Trust Trustee Information or any portion
      thereof is presented together with or separately from such other
      information.

     

    The
      Depositor shall indemnify and hold harmless the Grantor Trust Trustee and each
      of its officers, directors and affiliates from and against any losses, damages,
      penalties, fines, forfeitures, reasonable and necessary legal fees and related
      costs, judgments and other costs and expenses arising out of or based upon
      a
      breach of the obligations of the Depositor under Sections 3.09, 3.10 and 3.11
      or
      the Depositor’s negligence, bad faith or willful misconduct in connection
      therewith. In addition, the Depositor shall indemnify and hold harmless the
      Grantor Trust Trustee and each of its respective officers, directors and
      affiliates from and against any losses, damages, penalties, fines, forfeitures,
      reasonable and necessary legal fees and related costs, judgments and other
      costs
      and expenses arising out of or based upon (i) any untrue statement or alleged
      untrue statement of any material fact contained in any Additional Disclosure
      provided by the Depositor that is required to be filed pursuant to this Section
      3.11 (the “Depositor Information”), or (ii) any omission or alleged omission to
      state therein a material fact required to be stated therein or necessary to
      make
      the statements therein, in light of the circumstances in which they were made,
      not misleading; provided, by way of clarification, that this paragraph shall
      be
      construed solely by reference to the Depositor Information that is required
      to
      be filed and not to any other information communicated in connection with the
      Grantor Trust Certificates, without regard to whether the Depositor Information
      or any portion thereof is presented together with or separately from such other
      information.

     

    If
      the
      indemnification provided for herein is unavailable or insufficient to hold
      harmless the Depositor or the Grantor Trust Trustee, as applicable, then the
      defaulting party, in connection with any conduct for which it is providing
      indemnification under this Section 3.11(b), agrees that it shall contribute
      to
      the amount paid or payable by the other parties as a result of the losses,
      claims, damages or liabilities of the other party in such proportion as is
      appropriate to reflect the relative fault and the relative benefit of the
      respective parties.

     

    The
      indemnification provisions set forth in this Section 3.11(b) shall survive
      the
      termination of this Agreement or the termination of any party to this
      Agreement.

     

    (c)           Failure
      of the Grantor Trust Trustee to comply with this Section 3.11 (including with
      respect to the time frames required in this Section) which failure results
      in a
      failure to timely file the related Form 10-K, shall, upon written notice from
      the Depositor, constitute a default and the Depositor shall, in addition to
      whatever rights it may have under this Agreement and at law or equity or to
      damages, including injunctive relief and specific performance, upon notice
      immediately terminate all of the rights and obligations of the Grantor Trust
      Trustee under this Agreement and in and to the Underlying Securities and the
      proceeds thereof without compensating the Grantor Trust Trustee for the same
      (but subject to the Grantor Trust Trustee’s right to reimbursement of all
      amounts for which it is entitled to be reimbursed prior to the date of
      termination).  This paragraph shall supersede any other provision in
      this Agreement or any other agreement to the contrary. In connection with the
      termination of the Grantor Trust Trustee pursuant to this Section 3.11(c),
      the
      Grantor Trust Trustee shall be entitled to reimbursement of all costs and
      expenses associated with such termination.  Notwithstanding anything
      to the contrary in this Agreement, no default by the Grantor Trust Trustee
      shall
      have occurred with respect to any failure to properly prepare, execute and/or
      timely file any report on Form 8-K, Form 10-D or Form 10-K, any Form 15 or
      Form
      12b-25 or any amendments to Form 8-K, 10-D or 10-K, where such failure results
      from the Grantor Trust Trustee’s inability or failure to receive, on a timely
      basis, any information from any other party hereto needed to prepare, arrange
      for execution or file any such report, Form or amendment, and does not result
      from its own negligence, bad faith or willful misconduct.

     

    (d)           This
      Section 3.11 may be amended without the consent of the Grantor Trust
      Certificateholders.

     

    (e)           Any
      report, notice or notification to be delivered by the Grantor Trust Trustee
      to
      the Depositor pursuant to this Section 3.11, may be delivered via email to
      RegABNotifications@bear.com or, in the case of a notification, telephonically
      by
      calling Reg AB Compliance Manager at (212) 272-7525.

     

    ARTICLE
      IV

     

    THE
      GRANTOR TRUST CERTIFICATES

     

    Section
      4.01.  The
      Grantor Trust Certificates.

     

    (a)  The
      Depository, the Depositor and the Grantor Trust Trustee have entered into a
      letter agreement dated as of August 31, 2007 (the “Depository
      Agreement”).  Except as provided in Subsection 4.01(b), the Grantor
      Trust Certificates shall at all times remain registered in the name of the
      Depository or its nominee and at all times:  (i) registration of such
      Grantor Trust Certificates may not be transferred by the Grantor Trust Trustee
      except to a successor to the Depository; (ii) ownership and transfers of
      registration of such Grantor Trust Certificates on the books of the Depository
      shall be governed by applicable rules established by the Depository; (iii)
      the
      Depository may collect its usual and customary fees, charges and expenses from
      its Depository Participants; (iv) the Grantor Trust Trustee shall deal with
      the
      Depository as representative of the Grantor Trust Certificate Owners for
      purposes of exercising the rights of Grantor Trust Certificateholders under
      this
      Agreement, and requests and directions for and votes of such representative
      shall not be deemed to be inconsistent if they are made with respect to
      different Grantor Trust Certificate Owners; and (v) the Grantor Trust Trustee
      may rely and shall be fully protected in relying upon information furnished
      by
      the Depository with respect to its Depository Participants.

     

    All
      transfers by Grantor Trust Certificate Owners of Grantor Trust Certificates
      shall be made in accordance with the procedures established by the Depository
      Participant or brokerage firm representing such Grantor Trust Certificate
      Owners. Each Depository Participant shall only transfer Grantor Trust
      Certificates of Grantor Trust Certificate Owners it represents or of brokerage
      firms for which it acts as agent in accordance with the Depository’s normal
      procedures.

     

    (b)  If
      (i)(A)
      the Depositor advises the Grantor Trust Trustee in writing that the Depository
      is no longer willing or able to properly discharge its responsibilities as
      Depository and (B) the Grantor Trust Trustee or the Depositor is unable to
      locate a qualified successor within 30 days or (ii) after the occurrence and
      continuation of a default hereunder, the Grantor Trust Certificate Owners of
      not
      less than 51% of the Percentage Interests of the Grantor Trust Certificates
      advise the Grantor Trust Trustee and the Depository in writing through the
      depository participants that the continuation of a book-entry system with
      respect to the Grantor Trust Certificates through the Depository (or its
      successor) is no longer in the best interests of the Grantor Trust Certificate
      Owners, then the Grantor Trust Trustee shall request that the Depository notify
      all Grantor Trust Certificate Owners of the occurrence of any such event and
      of
      the availability of definitive, fully registered Grantor Trust Certificates
      (the
“Definitive Grantor Trust Certificates”) to Grantor Trust Certificate Owners
      requesting the same.  Upon surrender to the Grantor Trust Trustee of
      the Grantor Trust Certificates by the Depository, accompanied by registration
      instructions from the Depository for registration, the Grantor Trust Trustee
      shall issue the Definitive Grantor Trust Certificates.  Neither the
      Depositor nor the Grantor Trust Trustee shall be liable for any delay in
      delivery of such instructions and may conclusively rely on, and shall be
      protected in relying on, such instructions.

     

    (c)  The
      Grantor Trust Certificates shall be substantially in the form set forth in
      Exhibit A hereto.  The Grantor Trust Certificates shall be executed by
      manual signature on behalf of the Grantor Trust Trustee in its capacity as
      Grantor Trust Trustee hereunder by an authorized officer.  Grantor
      Trust Certificates bearing the manual or facsimile signatures of individuals
      who
      were at any time the proper officers of the Grantor Trust Trustee shall be
      entitled to all benefits under this Agreement, subject to the following
      sentence, notwithstanding that such individuals or any of them have ceased
      to
      hold such offices prior to the authentication and delivery of such Grantor
      Trust
      Certificates or did not hold such offices at the date of such Grantor Trust
      Certificates.  No Grantor Trust Certificate shall be entitled to any
      benefit under this Agreement, or be valid for any purpose, unless there appears
      on such Grantor Trust Certificate a certificate of authentication substantially
      in the form provided for herein executed by the Grantor Trust Trustee by manual
      signature, and such certificate upon any Grantor Trust Certificate shall be
      conclusive evidence, and the only evidence, that such Grantor Trust Certificate
      has been duly authenticated and delivered hereunder.  All Grantor
      Trust Certificates shall be dated the date of their authentication.

     

    Pending
      the preparation of Definitive Grantor Trust Certificates, the Grantor Trust
      Trustee may sign and authenticate temporary Grantor Trust Certificates that
      are
      printed, lithographed or typewritten, in authorized denominations for Grantor
      Trust Certificates, substantially of the tenor of the Definitive Grantor Trust
      Certificates in lieu of which they are issued and with such appropriate
      insertions, omissions, substitutions and other variations as the officers or
      authorized signatories executing such Grantor Trust Certificates may determine,
      as evidenced by their execution of such Grantor Trust
      Certificates.  If temporary Grantor Trust Certificates are issued, the
      Depositor will cause Definitive Grantor Trust Certificates to be prepared
      without unreasonable delay.  After the preparation of Definitive
      Grantor Trust Certificates, the temporary Grantor Trust Certificates shall
      be
      exchangeable for Definitive Grantor Trust Certificates upon surrender of the
      temporary Grantor Trust Certificates at the office of the Grantor Trust Trustee,
      without charge to the Holder.  Upon surrender for cancellation of any
      one or more temporary Certificates, the Grantor Trust Trustee shall sign and
      the
      Certificate Registrar shall authenticate and deliver in exchange therefor a
      like
      aggregate principal amount, in authorized denominations, of Definitive Grantor
      Trust Certificates.  Until so exchanged, such temporary Grantor Trust
      Certificates shall in all respects be entitled to the same benefits as
      Definitive Grantor Trust Certificates.

     

    (d)  Each
      of
      the Grantor Trust Certificates will be initially registered as a single Grantor
      Trust Certificate held by a nominee of the Depository, and beneficial interests
      will be held by investors through the book-entry facilities of the Depository
      in
      minimum denominations of $100,000 and increments of $1 in excess thereof. The
      Certificates shall be issued in the aggregate dollar denominations as set forth
      in the following table:

     

    
      
        	
                
                  Class

                

              	
                
                  Current
                    Principal Amount

                

              
	
                I-A-1

              	
                $                      330,443,000.00

              
	
                I-A-2

              	
                $ 
                                        82,611,131.89

              
	
                II-A-1

              	
                $                      160,958,000.00

              
	
                II-A-2

              	
                $  
                                       40,239,014.56

              

      

    

     

    Section
      4.02.  Registration
      of Transfer and Exchange of Grantor Trust Certificates.

     

    (a)  At
      all
      times during the term of this Agreement, the Grantor Trust Trustee shall
      maintain at its Corporate Trust Office a register (the “Certificate Register”)
      in which, subject to such reasonable regulations as the Grantor Trust Trustee
      may prescribe, the Certificate Register shall provide for the registration
      of
      Grantor Trust Certificates and of transfers and exchanges of Grantor Trust
      Certificates as herein provided.  The Depositor shall have the right
      to inspect the Certificate Register or to obtain a copy thereof at all
      reasonable times, and to rely conclusively upon a certificate of the Grantor
      Trust Trustee as to the information set forth in the Certificate
      Register.

     

    The
      Depositor and every Grantor Trust Certificateholder and Grantor Trust
      Certificate Owner, by receiving and holding a Grantor Trust Certificate or
      an
      interest therein,  agrees with the Grantor Trust Trustee that the
      Grantor Trust Trustee shall not be held accountable by reason of the disclosure
      of any such information as to the names and addresses of the Grantor Trust
      Certificateholders hereunder, regardless of the source from which such
      information was derived.

     

    (b)  Subject
      to the preceding subsections, upon surrender for registration of transfer of
      any
      Grantor Trust Certificate at the Corporate Trust Office of the Grantor Trust
      Trustee, the Grantor Trust Trustee shall execute, authenticate and deliver,
      in
      the name of the designated transferee or transferees, one or more new Grantor
      Trust Certificates of a like aggregate Percentage Interest.

     

    (c)  At
      the
      option of any Holder, its Grantor Trust Certificates may be exchanged for other
      Grantor Trust Certificates related to the related Sub-Trust of authorized
      denominations of a like aggregate Percentage Interest, upon surrender of the
      Grantor Trust Certificates to be exchanged at the Corporate Trust Office of
      the
      Grantor Trust Trustee.  Whenever any Grantor Trust Certificates are so
      surrendered for exchange, the Grantor Trust Trustee shall execute, authenticate
      and deliver the Grantor Trust Certificates which the Grantor Trust
      Certificateholder making the exchange is entitled to receive.

     

    (d)  Every
      Grantor Trust Certificate presented or surrendered for transfer or exchange
      shall (if so required by the Grantor Trust Trustee) be duly endorsed by, or
      be
      accompanied by a written instrument of transfer in the form satisfactory to
      the
      Grantor Trust Trustee duly executed by, the Holder thereof or his attorney
      duly
      authorized in writing, and shall further be accompanied by the information
      required to be provided to the Grantor Trust Trustee for WHFIT reporting
      purposes pursuant to Section 3.06 hereof, including the status of the proposed
      transferee as a “middleman” as defined by the WHFIT Regulations and, in the case
      of a transfer pursuant to a sale, the price, the amount of proceeds and the
      date
      of sale of such Grantor Trust Certificate or interest therein.

     

    (e)  No
      service charge shall be made for any transfer or exchange of Grantor Trust
      Certificates, but the Grantor Trust Trustee may require payment of a sum
      sufficient to cover any tax or governmental charge that may be imposed in
      connection with any transfer or exchange of Grantor Trust
      Certificates.

     

    (f)  All
      Grantor Trust Certificates surrendered for transfer and exchange shall be
      destroyed by the Grantor Trust Trustee without liability on its
      part.

     

    Section
      4.03.  Mutilated,
      Destroyed, Lost or Stolen Grantor Trust Certificates.

     

    If
      (i)
      any mutilated Grantor Trust Certificate is surrendered to the Grantor Trust
      Trustee, or the Grantor Trust Trustee receives evidence to its satisfaction
      of
      the destruction, loss or theft of any Grantor Trust Certificate, and (ii)
      (except in the case of a mutilated Grantor Trust Certificate) there is delivered
      to the Grantor Trust Trustee such agreement, security or indemnity as may be
      required by them to save each of them harmless, then, in the absence of notice
      to the Grantor Trust Trustee that such Grantor Trust Certificate has been
      acquired by a bona fide purchaser, the Grantor Trust Trustee shall execute,
      authenticate and deliver, in exchange for or in lieu of any such mutilated,
      destroyed, lost or stolen Grantor Trust Certificate, a new Grantor Trust
      Certificate of like tenor and Percentage Interest but bearing a number not
      contemporaneously outstanding.  Upon the issuance of any new Grantor
      Trust Certificate under this Section, the Grantor Trust Trustee may require
      the
      payment by the Grantor Trust Certificateholder of a sum sufficient to cover
      any
      tax or other governmental charge that may be imposed in relation
      thereto.  Any duplicate Grantor Trust Certificate issued pursuant to
      this Section shall constitute complete and indefeasible evidence of ownership
      in
      the Trust Fund, as if originally issued, whether or not the lost, stolen or
      destroyed Grantor Trust Certificate shall be found at any time.

     

    Section
      4.04.  Persons
      Deemed Owners.

     

    Prior
      to
      due presentment of a Grantor Trust Certificate for registration of transfer,
      the
      Depositor, the Grantor Trust Trustee and any agent of the Depositor or the
      Grantor Trust Trustee may treat the Person in whose name any Grantor Trust
      Certificate is registered as the owner of such Grantor Trust Certificate for
      the
      purpose of receiving distributions pursuant to Section 3.05 and for all other
      purposes whatsoever, and none of the Depositor, the Grantor Trust Trustee,
      or
      any agent of the Depositor or the Grantor Trust Trustee shall be affected by
      notice to the contrary.

     

    ARTICLE
      V

     

    THE
      GRANTOR TRUST TRUSTEE 

     

    Section
      5.01.  Duties
      of Grantor Trust Trustee.

     

    (a)  Upon
      receipt of all resolutions, certificates, statements, opinions, reports,
      documents, orders or other instruments which are specifically required to be
      furnished to the Grantor Trust Trustee pursuant to any provision of this
      Agreement, the Grantor Trust Trustee shall examine them to determine whether
      they are in the form required by this Agreement and the related Underlying
      Agreement; provided, however, that the Grantor Trust Trustee shall not be
      responsible for the accuracy or content of any resolution, certificate,
      statement, opinion, report, document, order or other instrument furnished
      hereunder; provided, further, that the Grantor Trust Trustee shall not be
      responsible for the accuracy or verification of any calculation provided to
      it
      pursuant to this Agreement.  The Grantor Trust Trustee shall notify
      the Grantor Trust Certificateholders and the Rating Agencies of any such
      documents which do not materially conform to the requirements of this Agreement
      in the event that the Grantor Trust Trustee, after so requesting of the party
      required to deliver the same, does not receive satisfactorily corrected
      documents or a satisfactory explanation regarding any such
      nonconformities.

     

    The
      Grantor Trust Trustee shall forward or cause to be forwarded or make available,
      as applicable, in a timely fashion the notices, reports and statements required
      to be forwarded by the Grantor Trust Trustee pursuant to Sections 3.01, 3.02,
      3.06 and 7.01.

     

    (b)  No
      provision of this Agreement shall be construed to relieve the Grantor Trust
      Trustee from liability for its own negligent action, its own negligent failure
      to act or its own willful misconduct; provided, however, that:

     

    (i)  The
      duties and obligations of the Grantor Trust Trustee shall be determined solely
      by the express provisions of this Agreement, the Grantor Trust Trustee shall
      not
      be liable except for the performance of its duties and obligations as are
      specifically set forth in this Agreement, no implied covenants or obligations
      shall be read into this Agreement against the Grantor Trust Trustee and, in
      the
      absence of bad faith on the part of the Grantor Trust Trustee, the Grantor
      Trust
      Trustee may conclusively rely, as to the truth of the statements and the
      correctness of the opinions expressed therein, upon any certificates or opinions
      furnished to the Grantor Trust Trustee and conforming to the requirements of
      this Agreement;

     

    (ii)  The
      Grantor Trust Trustee shall not be liable in its individual capacity for an
      error of judgment made in good faith by a Responsible Officer or Responsible
      Officers of the Grantor Trust Trustee unless it shall be proved that the Grantor
      Trust Trustee was negligent in ascertaining the pertinent facts;

     

    (iii)  The
      Grantor Trust Trustee shall not be liable with respect to any action taken,
      suffered or omitted to be taken by it in good faith in accordance with the
      direction of the Majority Grantor Trust Certificateholders in accordance with
      the terms of this Agreement, as to the time, method and place of conducting
      any
      proceeding for any remedy available to the Grantor Trust Trustee, or exercising
      any trust or other power conferred upon the Grantor Trust Trustee under this
      Agreement;

     

    (iv)  The
      Grantor Trust Trustee shall not in any way be liable by reason of any
      insufficiency in any Account held by or in the name of Grantor Trust Trustee
      unless it is determined by a court of competent jurisdiction that the Grantor
      Trust Trustee’s gross negligence or willful misconduct was the primary cause of
      such insufficiency (except to the extent that the Grantor Trust Trustee is
      obligor and has defaulted thereon);

     

    (v)  Anything
      in this Agreement to the contrary notwithstanding, in no event shall the Grantor
      Trust Trustee be liable for special, indirect or consequential loss or damage
      of
      any kind whatsoever (including but not limited to lost profits), even if the
      Grantor Trust Trustee has been advised of the likelihood of such loss or damage
      and regardless of the form of action;

     

    (vi)  Neither
      the Depositor nor the Grantor Trust Trustee shall be responsible for the acts
      or
      omissions of the other, it being understood that this Agreement shall not be
      construed to render them partners, joint venturers or agents of one
      another;

     

    (vii)  The
      Grantor Trust Trustee shall not be required to expend or risk its own funds
      or
      otherwise incur financial liability in the performance of any of its duties
      hereunder, or in the exercise of any of its rights or powers, if there is
      reasonable ground for believing that the repayment of such funds or adequate
      indemnity against such risk or liability is not reasonably assured to it;
      provided that this provision shall not be deemed to abrogate the
      responsibilities undertaken by the Grantor Trust Trustee hereunder to perform
      routine administrative duties in accordance with the terms of this
      Agreement;

     

    (viii)  The
      Grantor Trust Trustee shall not be deemed to have notice of any fact or
      circumstance upon the occurrence of which it may be required to take action
      hereunder unless a Responsible Officer of the Grantor Trust Trustee has actual
      knowledge of such event, fact or circumstance or unless written notice of any
      such event is received by the Grantor Trust Trustee at its Corporate Trust
      Office;

     

    (ix)  No
      provision in this Agreement shall require the Grantor Trust Trustee to expend
      or
      risk its own funds or otherwise incur any personal financial liability in the
      performance of any of its duties as Grantor Trust Trustee hereunder, or in
      the
      exercise of any of its rights or powers, if the Grantor Trust Trustee shall
      have
      reasonable grounds for believing that repayment of funds or adequate indemnity
      against such risk or liability is not reasonably assured to it; provided that
      this provision shall not be deemed to abrogate the responsibilities undertaken
      by the Grantor Trust Trustee hereunder to perform routine administrative duties
      in accordance with the terms hereof; and

     

    (x)  Except
      for those actions that the Grantor Trust Trustee is required to take hereunder,
      the Grantor Trust Trustee shall not have any obligation or liability to take
      any
      action or to refrain from taking any action hereunder in the absence of written
      direction as provided hereunder.

     

    Section
      5.02.  Certain
      Matters Affecting the Grantor Trust Trustee.

     

    Except
      as
      otherwise provided in Section 5.01:

     

    (i)  The
      Grantor Trust Trustee may rely and shall be protected in acting or refraining
      from acting in reliance on any resolution, Officer’s Certificate, certificate of
      auditors or any other certificate, statement, instrument, opinion, report,
      notice, request, consent, order, appraisal, bond or other paper or document
      believed by it to be genuine and to have been signed or presented by the proper
      party or parties;

     

    (ii)  The
      Grantor Trust Trustee may consult with counsel and any advice of such counsel
      or
      any Opinion of Counsel shall be full and complete authorization and protection
      with respect to any action taken or suffered or omitted by it hereunder in
      good
      faith and in accordance with such advice or Opinion of Counsel;

     

    (iii)  The
      Grantor Trust Trustee shall not be under any obligation to exercise any of
      the
      trusts or powers vested in it by this Agreement, other than its obligation
      to
      give notices pursuant to this Agreement, or to institute, conduct or defend
      any
      litigation hereunder or in relation hereto at the request, order or direction
      of
      any of the Grantor Trust Certificateholders with respect to any related
      Sub-Trust, pursuant to the provisions of this Agreement, unless such Grantor
      Trust Certificateholders shall have offered to the Grantor Trust Trustee
      reasonable security or indemnity against the costs, expenses and liabilities
      which may be incurred therein or thereby;

     

    (iv)  The
      Grantor Trust Trustee shall not be liable in its individual capacity for any action taken, suffered
      or
      omitted by it in good faith and believed by it to be authorized or within the
      discretion or rights or powers conferred upon it by this
      Agreement;

     

    (v)  The
      Grantor Trust Trustee shall not be bound to make any investigation into the
      facts or matters stated in any resolution, certificate, statement, instrument,
      opinion, report, notice, request, consent, order, approval, bond or other paper
      or document, but the Grantor Trust Trustee, in its discretion, may make such
      further inquiry or investigation into such facts or matters as it may see fit,
      and, if the Grantor Trust Trustee shall determine to make such further inquiry
      or investigation, it shall be entitled to the extent reasonable under the
      circumstances to examine the books, records and premises of such Person,
      personally or by agent or attorney;

     

    (vi)  The
      Grantor Trust Trustee may execute any of the trusts or powers hereunder or
      perform any duties hereunder either directly or by or through agents or
      attorneys and shall not be liable for the default or misconduct of any such
      agents or attorneys if selected with reasonable care; and

     

    (vii)  The
      right
      of the Grantor Trust Trustee to perform any discretionary act enumerated in
      this
      Agreement shall not be construed as a duty, and the Grantor Trust Trustee shall
      not be accountable for other than its negligence or willful misconduct in the
      performance of any such act.

     

    Section
      5.03.  Grantor
      Trust Trustee Not Liable for Grantor Trust Certificates or Underlying
      Securities.

     

    The
      recitals contained herein and in the Grantor Trust Certificates (other than
      the
      statements attributed to, and the representations and warranties of, the Grantor
      Trust Trustee in Article II and the signature and countersignature of the
      Certificate Registrar on the Grantor Trust Certificates) shall be taken as
      the
      statements of the Depositor, and the Grantor Trust Trustee shall not have any
      responsibility for their correctness. The Grantor Trust Trustee does not makes
      any representation as to the validity or sufficiency of this Agreement (other
      than as specifically set forth in Section 2.03(b)) or of the Grantor Trust
      Certificates (other than that the Grantor Trust Certificates shall be duly
      and
      validly executed and authenticated by it) or of the Underlying Securities or
      any
      related document.  Except as otherwise provided herein, the Grantor
      Trust Trustee shall not be accountable for the use or application by the
      Depositor of any of the Grantor Trust Certificates or of the proceeds of such
      Grantor Trust Certificates, or for the use or application of any funds paid
      to
      the Depositor in respect of the assignment and delivery of the Underlying
      Securities.

     

    Section
      5.04.  Grantor
      Trust Trustee May Own Grantor Trust Certificates.

     

    The
      Grantor Trust Trustee in its individual capacity or in any capacity other than
      as Grantor Trust Trustee hereunder may become the owner or pledgee of any
      Grantor Trust Certificates with the same rights it would have if it were not
      Grantor Trust Trustee and may otherwise deal with the parties
      hereto.

     

    Section
      5.05.  Grantor
      Trust Trustee’s Fees and Expenses.

     

    (a)  The
      Grantor Trust Trustee shall be reimbursed for all expenses and fees incurred
      in
      connection with this agreement by Bear, Stearns.

     

    (b)  The
      Grantor Trust Trustee and any director, officer, employee or agent of the
      Grantor Trust Trustee shall be entitled to be indemnified and held harmless
      by
      Bear, Stearns against any loss, liability or expense (including, without
      limitation, costs and expenses of litigation, and of investigation, counsel
      fees
      and expenses, damages, judgments, amounts paid in settlement and out-of-pocket
      expenses) arising out of, or incurred in connection with this Agreement, the
      Underlying Agreements, the Underlying Securities and the Grantor Trust
      Certificates, the exercise and performance of any of the powers and duties
      of
      the Grantor Trust Trustee hereunder or thereunder; provided that neither the
      Grantor Trust Trustee nor any of the other above specified Persons shall be
      entitled to indemnification pursuant to this Section 5.05(b) for any loss,
      liability or expense incurred by reason of willful misfeasance, bad faith or
      negligence in the performance of the Grantor Trust Trustee’s obligations and
      duties hereunder, or by reason of reckless disregard of such obligations or
      duties.

     

    The
      provisions of this Section 5.05 shall survive any resignation or removal of
      the
      Grantor Trust Trustee and appointment of a successor Grantor Trust
      Trustee.

     

    Section
      5.06.  Eligibility
      Requirements for Grantor Trust Trustee.

     

    The
      Grantor Trust Trustee and any successor Grantor Trust Trustee shall during
      the
      entire duration of this Agreement be a state bank or trust company or a national
      banking association organized and doing business under the laws of such state
      or
      the United States of America, authorized under such laws to exercise corporate
      trust powers, having a combined capital, and surplus and undivided profits
      of at
      least $50,000,000 (or shall be a member of a bank holding system, the combined
      capital and surplus of which is at least $50,000,000) and subject to supervision
      or examination by federal or state authority. If the Grantor Trust Trustee
      publishes reports of condition at least annually, pursuant to law or to the
      requirements of the aforesaid supervising or examining authority, then for
      the
      purposes of this Section the combined capital and surplus of such corporation
      shall be deemed to be its total equity capital (combined capital and surplus)
      as
      set forth in its most recent report of condition so published.  The
      Grantor Trust Trustee shall at all times meet the requirements of Section
      26(a)(1) of the Investment Company Act and shall in no event be an Affiliate
      of
      the Depositor or of any Person involved in the organization or operation of
      the
      Depositor.   In case at any time the Grantor Trust Trustee shall
      cease to be eligible in accordance with the provisions of this Section, the
      Grantor Trust Trustee shall resign immediately in the manner and with the effect
      specified in Section 5.07.

     

    Section
      5.07.  Resignation
      and Removal of the Grantor Trust Trustee.

     

    (a)  The
      Grantor Trust Trustee may at any time resign and be discharged from the Trust
      hereby created by giving written notice thereof to the Depositor and the Grantor
      Trust Certificateholders. Upon receiving such notice of resignation, the
      Depositor shall promptly appoint a successor Grantor Trust Trustee by written
      instrument, in duplicate, one copy of which instrument shall be delivered to
      each of the resigning Grantor Trust Trustee and the successor Grantor Trust
      Trustee. If no successor Grantor Trust Trustee shall have been so appointed
      and
      have accepted appointment within 30 days after the giving of such notice of
      resignation, the resigning Grantor Trust Trustee may petition any court of
      competent jurisdiction for the appointment of a successor Grantor Trust
      Trustee.

     

    (b)  If
      at any
      time the Grantor Trust Trustee shall cease to be eligible in accordance with
      the
      provisions of Section 5.06 and shall fail to resign after written request
      therefor by the Depositor or the Majority Grantor Trust Certificateholders,
      or
      if at any time the Grantor Trust Trustee shall become incapable of acting,
      or
      shall be adjudged a bankrupt or insolvent, or a receiver of the Grantor Trust
      Trustee or of its property shall be appointed, or any public officer shall
      take
      charge or control of the Grantor Trust Trustee or of its property or affairs
      for
      the purpose of rehabilitation, conservation or liquidation, then the Depositor
      shall promptly remove the Grantor Trust Trustee and appoint a successor Grantor
      Trust Trustee by written instrument, in duplicate, one copy of which instrument
      shall be delivered to each of the Grantor Trust Trustee so removed and one
      copy
      to the successor Grantor Trust Trustee.

     

    (c)  Majority
      Grantor Trust Certificateholders may at any time remove the Grantor Trust
      Trustee and appoint a successor Grantor Trust Trustee by written instrument
      or
      instruments, in quadruplicate, signed by such Holders or their attorneys-in-fact
      duly authorized, one complete set of which instruments shall be delivered to
      the
      Depositor, the Grantor Trust Trustee so removed and the successor so
      appointed.  A copy of such instrument shall be delivered to the
      Grantor Trust Certificateholders by the Depositor.  All reasonable
      out-of-pocket costs and expenses incurred in connection with such removal and
      replacement of the Grantor Trust Trustee, including without limitation,
      reasonable attorneys fees and expenses, shall be borne by the party requesting
      such action.

     

    (d)  No
      resignation or removal of the Grantor Trust Trustee and appointment of a
      successor Grantor Trust Trustee pursuant to any of the provisions of this
      Section shall become effective except upon appointment of and acceptance of
      such
      appointment by the successor Grantor Trust Trustee as provided in Section 5.08
      and (ii) no entity may be appointed as a successor Grantor Trust Trustee if
      such
      appointment would result in a withdrawal or downgrading of any then current
      rating assigned to the Grantor Trust Certificates by the Rating
      Agencies.

     

    Section
      5.08.  Successor
      Grantor Trust Trustee.

     

    (a)  Any
      successor Grantor Trust Trustee appointed as provided in Section 5.07 shall
      execute, acknowledge and deliver to the Depositor, the Grantor Trust
      Certificateholders and to its predecessor Grantor Trust Trustee an instrument
      accepting such appointment hereunder. The resignation or removal of the
      predecessor Grantor Trust Trustee shall then become effective and such successor
      Grantor Trust Trustee, without any further act, deed or conveyance, shall become
      fully vested with all the rights, powers, duties and obligations of its
      predecessor hereunder, with like effect as if originally named as Grantor Trust
      Trustee o herein.  The predecessor Grantor Trust Trustee shall after
      payment of its outstanding fees and expenses promptly deliver to the successor
      Grantor Trust Trustee the Underlying Securities and related documents and
      statements held by it hereunder, and the Depositor and the predecessor Grantor
      Trust Trustee shall execute and deliver such instruments and do such other
      things as may reasonably be required for more fully and certainly vesting and
      confirming in the successor Grantor Trust Trustee all such rights, powers,
      duties and obligations.

     

    (b)  No
      successor Grantor Trust Trustee shall accept appointment as provided in this
      Section unless at the time of such acceptance such successor Grantor Trust
      Trustee shall be eligible under the provisions of Section 5.06.

     

    (c)  Upon
      acceptance of appointment by a successor Grantor Trust Trustee as provided
      in
      this Section, the successor Grantor Trust Trustee shall mail notice of the
      succession of such Grantor Trust Trustee hereunder to all Grantor Trust
      Certificateholders at their addresses as shown in the Certificate Register
      and
      to the Rating Agencies.  The Depositor shall cause such notice to be
      mailed at the expense of the Depositor.

     

    (d)  Notwithstanding
      anything in this Agreement or the Underlying Agreements to the contrary, in
      the
      event that the paying agent for the Underlying Series resigns or is terminated,
      the Grantor Trust Trustee (if it was such paying agent) shall resign as Grantor
      Trust Trustee under this Agreement and the Depositor may appoint the successor
      paying agent as the successor to the Grantor Trust Trustee
      hereunder.

     

    Section
      5.09.  Merger
      or Consolidation of Grantor Trust Trustee.

     

    Any
      state
      bank or trust company or national banking association into which the Grantor
      Trust Trustee may be merged or converted or with which it may be consolidated
      or
      any state bank or trust company or national banking association resulting from
      any merger, conversion or consolidation to which the Grantor Trust Trustee
      shall
      be a party, or any state bank or trust company or national banking association
      succeeding to all or substantially all of the corporate trust business of the
      Grantor Trust Trusteeshall be the successor of the Grantor Trust Trustee
      hereunder, provided such state bank or trust company or national banking
      association shall be eligible under the provisions of Section 5.06. Such
      succession shall be valid without the execution or filing of any paper or any
      further act on the part of any of the parties hereto, anything herein to the
      contrary notwithstanding.  The Grantor Trust Trustee shall mail notice
      of any such merger or consolidation to the Depositor and to the Grantor Trust
      Certificateholders at their address as shown in the Certificate
      Register.

     

    Section
      5.10.  Appointment
      of Co-Grantor Trust Trustee or Separate Grantor Trust Trustee.

     

    (a)  Notwithstanding
      any other provisions hereof, at any time, for the purpose of meeting any legal
      requirements of any jurisdiction in which any part of the Trust or property
      constituting the same may at the time be located, the Depositor and the Grantor
      Trust Trustee acting jointly shall have the power and shall execute and deliver
      all instruments to appoint one or more Persons approved by the Grantor Trust
      Trustee and the Depositor to act as co-Grantor Trust Trustee or co-Grantor
      Trust
      Trustees, jointly with the Grantor Trust Trustee, or separate Grantor Trust
      Trustee or separate Grantor Trust Trustees, of all or any part of the Trust,
      and
      to vest in such Person or Persons, in such capacity, such title to the Trust,
      or
      any part thereof, and, subject to the other provisions of this Section 5.10,
      such powers, duties, obligations, rights and trusts as the Depositor and the
      Grantor Trust Trustee may consider necessary or desirable.  No
      co-Grantor Trust Trustee or separate Grantor Trust Trustee hereunder shall
      be
      required to meet the terms of eligibility as a successor Grantor Trust Trustee
      under Section 5.06 hereunder; provided, that if the co-Grantor Trust Trustee
      or
      separate Grantor Trust Trustee does not meet such eligibility standards, the
      Grantor Trust Trustee shall remain liable for its actions hereunder, and no
      notice to Grantor Trust Certificateholders of the appointment of co-Grantor
      Trust Trustee(s) or separate Grantor Trust Trustee(s) shall be required under
      Section 5.08 hereof.

     

    (b)  If
      the
      Depositor shall not have joined in such appointment within 15 days after the
      receipt by it of a written request so to do, the Grantor Trust Trustee shall
      have the power to make such appointment without the Depositor.

     

    (c)  In
      the
      case of any appointment of a co-Grantor Trust Trustee or separate Grantor Trust
      Trustee pursuant to this Section 5.10, all rights, powers, duties and
      obligations conferred or imposed upon the Grantor Trust Trustee and required
      to
      be conferred on such co-Grantor Trust Trustee shall be conferred or imposed
      upon
      and exercised or performed jointly by the Grantor Trust Trustee and such
      separate Grantor Trust Trustee or co-Grantor Trust Trustee jointly, except
      to
      the extent that under any law of any jurisdiction in which any particular act
      or
      acts are to be performed (whether as Grantor Trust Trustee hereunder or as
      successor to the Master Servicer hereunder), the Grantor Trust Trustee shall
      be
      incompetent or unqualified to perform such act or acts, in which event such
      rights, powers, duties and obligations (including the holding of title to the
      Trust Fund or any portion thereof in any such jurisdiction) shall be exercised
      and performed by such separate Grantor Trust Trustee or co-Grantor Trust Trustee
      at the direction of the Grantor Trust Trustee.

     

    (d)  Any
      notice, request or other writing
      given to the Grantor Trust Trustee shall be deemed to have been given to each
      of
      the then separate Grantor Trust Trustees and co-Grantor Trust Trustees, as
      effectively as if given to each of them. Every instrument appointing
      any separate
      Grantor Trust Trustee or co-Grantor Trust Trustee shall refer to this Agreement
      and the conditions of this Article V.
Each
      separate Grantor Trust Trustee and
      co-Grantor Trust Trustee, upon its acceptance of the trusts conferred, shall
      be
      vested with the estates or property specified in its instrument of appointment,
      either jointly with the Grantor Trust Trustee or separately, as may be provided
      therein, subject to all the provisions of this Agreement, specifically including
      every provision of this Agreement relating to the conduct of, affecting the
      liability of, or affording protection to, the Grantor Trust Trustee.
Every such instrument
      shall
      be filed with the Grantor Trust Trustee.

     

    (e)  To
      the
      extent not prohibited by law, any separate Grantor Trust Trustee or co-Grantor
      Trust Trustee may, at any time, request the Grantor Trust Trustee, its agent
      or
      attorney-in-fact, with full power and authority, to do any lawful act under
      or
      with respect to this Agreement on its behalf and in its name.  If any
      separate Grantor Trust Trustee or co-Grantor Trust Trustee shall die, become
      incapable of acting, resign or be removed, all of its estates, properties,
      rights, remedies and trusts shall vest in and be exercised by the Grantor Trust
      Trustee, to the extent permitted by law, without the appointment of a new or
      successor Grantor Trust Trustee.

     

    (f)  No
      Grantor Trust Trustee under this Agreement shall be personally liable by reason
      of any act or omission of another Grantor Trust Trustee under this Agreement.
      The Depositor and the Grantor Trust Trustee acting jointly may at any time
      accept the resignation of or remove any separate Grantor Trust Trustee or
      co-Grantor Trust Trustee.

     

    ARTICLE
      VI

     

    THE
      DEPOSITOR

     

    Section
      6.01.  Liability
      of the Depositor.

     

    The
      Depositor shall be liable in accordance herewith only to the extent of the
      respective obligations specifically imposed upon and undertaken by the Depositor
      herein.

     

    Section
      6.02.  Merger,
      Consolidation or Conversion of the Depositor.

     

    Subject
      to the following paragraph, the Depositor will keep in full effect its
      existence, rights and franchises as a corporation under the laws of the
      jurisdiction of its incorporation, and will obtain and preserve its
      qualification to do business as a foreign corporation in each jurisdiction
      in
      which such qualification is or shall be necessary to protect the validity and
      enforceability of this Agreement and the Grantor Trust Certificates and to
      perform its duties under this Agreement.

     

    The
      Depositor 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 the Depositor shall be
      a
      party, or any Person succeeding to the business of the Depositor, shall be
      the
      successor of the Depositor hereunder, without the execution or filing of any
      paper or any further act on the part of any of the parties hereto, anything
      herein to the contrary notwithstanding.

     

    Section
      6.03.  Limitation
      on Liability of the Depositor and Others.

     

    Neither
      the Depositor nor any of the directors, officers, employees or agents of the
      Depositor shall be under any liability to the Trust Fund or the Grantor Trust
      Certificateholders for any action taken or for refraining from the taking of
      any
      action in good faith pursuant to this Agreement, or for errors in judgment;
      provided, however, that this provision shall not protect the
      Depositor or any such other Person against any breach of a representation or
      warranty made herein, or against any expense or liability specifically required
      to be borne thereby pursuant to the terms hereof, or against any liability
      which
      would otherwise be imposed by reason of willful misfeasance, bad faith or
      negligence in the performance of obligations or duties hereunder, or by reason
      of reckless disregard of such obligations and duties.  The Depositor
      and any director, officer, employee or agent of the Depositor may rely in good
      faith on any document of any kind which, primafacie, is properly
      executed and submitted by any Person respecting any matters arising
      hereunder.  Provided that such action is not related to its
      representations made in or its duties under this Agreement, the Depositor shall
      not be under any obligation to appear in, prosecute or defend any action or
      proceeding unless such action in its opinion does not involve it in any expense
      or liability.

     

    ARTICLE
      VII

     

    TERMINATION

     

    Section
      7.01.  Termination.

     

    (a)  The
      respective obligations and responsibilities of the Depositor and the Grantor
      Trust Trustee created hereby with respect to the Group I Sub-Trust (other than
      the obligation to make certain payments and to send certain notices to the
      related Grantor Trust Certificateholders as hereinafter set forth) shall
      terminate upon the later of (i) the making of the final payment on or other
      liquidation of the Group I Underlying Securities and (ii) the payment to the
      related Grantor Trust Certificateholders of all amounts required to be paid
      to
      them pursuant to this Agreement; provided, however, that in no
      event shall the Group I Sub-Trust created hereby continue beyond the expiration
      of twenty-one years from the death of the last survivor of the descendants
      of
      Joseph P. Kennedy, the late ambassador of the United States to the Court of
      St.
      James’s, living on the date hereof.

     

    (b)  The
      Grantor Trust Trustee shall, in accordance with Section 8.05, give a Notice
      of
      Final Distribution to the related Holders, the Depositor and the Rating Agencies
      as soon as practicable of the Distribution Date on which the Grantor Trust
      Trustee anticipates that the final distribution will be made on the Group I
      Grantor Trust Certificates, which notice shall:

     

    (i)  specify
      the Distribution Date on which the final distribution is anticipated to be
      made
      to such Holders;

     

    (ii)  specify
      the amount of any such final distribution, if known; and

     

    (iii)  state
      that the final distribution to such Holders will be made only upon presentment
      and surrender of their Grantor Trust Certificates at the office of the Grantor
      Trust Trustee therein specified.

     

    If
      the
      payment on the Group I Grantor Trust Certificates is not made on the anticipated
      Distribution Date for any reason, the Grantor Trust Trustee shall promptly
      mail
      notice thereof to each such Holder, the Depositor and to the Rating
      Agencies.

     

    (c)  The
      respective obligations and responsibilities of the Depositor, the Grantor Trust
      Trustee created hereby with respect to the Group II Sub-Trust (other than the
      obligation to make certain payments and to send certain notices to the related
      Grantor Trust Certificateholders as hereinafter set forth) shall terminate
      upon
      the later of (i) the making of the final payment on or other liquidation of
      the
      Group II Underlying Securities and (ii) the payment to the related Grantor
      Trust
      Certificateholders of all amounts required to be paid to them pursuant to this
      Agreement; provided, however, that in no event shall the Group II
      Sub-Trust created hereby continue beyond the expiration of twenty-one years
      from
      the death of the last survivor of the descendants of Joseph P. Kennedy, the
      late
      ambassador of the United States to the Court of St. James’s, living on the date
      hereof.

     

    (d)  The
      Grantor Trust Trustee shall, in accordance with Section 8.05, give a Notice
      of
      Final Distribution to the related Holders, the Depositor and the Rating Agencies
      as soon as practicable of the Distribution Date on which the Grantor Trust
      Trustee anticipates that the final distribution will be made on the Group II
      Grantor Trust Certificates, which notice shall:

     

    (i)  specify
      the Distribution Date on which the final distribution is anticipated to be
      made
      to such Holders;

     

    (ii)  specify
      the amount of any such final distribution, if known; and

     

    (iii)  state
      that the final distribution to such Holders will be made only upon presentment
      and surrender of their Grantor Trust Certificates at the office of the Grantor
      Trust Trustee therein specified.

     

    If
      the
      payment on the Group II Grantor Trust Certificates is not made on the
      anticipated Distribution Date for any reason, the Grantor Trust Trustee shall
      promptly mail notice thereof to each such Holder, the Depositor and to the
      Rating Agencies.

     

    (e)  Upon
      presentment and surrender of any Grantor Trust Certificates by the Holders
      of
      such Grantor Trust Certificates on the related Final Distribution Date, the
      Grantor Trust Trustee shall distribute to such Grantor Trust Certificateholders
      the amounts otherwise distributable to them on such Distribution Date pursuant
      to Section 3.05(a) or Section 3.05(b).  Any funds not distributed on a
      Final Distribution Date because of the failure of any Grantor Trust
      Certificateholders to tender their Grantor Trust Certificates shall be set
      aside
      and held in trust for the account of the appropriate non-tendering Grantor
      Trust
      Certificateholders, and the related Sub-Trust shall terminate.  If any
      Grantor Trust Certificates as to which Notice of Final Distribution has been
      given pursuant to this Section 7.01 shall not have been surrendered for
      cancellation within six months after the time specified in such notice, the
      Grantor Trust Trustee shall mail a second notice to the remaining Grantor Trust
      Certificateholders related to such Sub-Trust, at their last addresses shown
      in
      the Certificate Register, to surrender their Grantor Trust Certificates for
      cancellation in order to receive, from such funds held, the final distribution
      with respect thereto.  If within one year after the second notice any
      Grantor Trust Certificate shall not have been surrendered for cancellation,
      the
      Grantor Trust Trustee shall directly or through an agent, take reasonable steps
      to contact the remaining Grantor Trust Certificateholders related to such
      Sub-Trust concerning surrender of their Grantor Trust Certificates. The costs
      and expenses of maintaining such funds and of contacting Grantor Trust
      Certificateholders shall be paid out of the assets related to such
      Sub-Trust.  If within two years after the second notice any Grantor
      Trust Certificates shall not have been surrendered for cancellation, the Grantor
      Trust Trustee shall segregate all amounts distributable to the related Holders
      thereof and shall thereafter hold such amounts for the benefit of such Holders.
      No interest shall accrue or be payable to any Grantor Trust Certificateholder
      on
      any amount held as a result of such Grantor Trust Certificateholder’s failure to
      surrender its Grantor Trust Certificate(s) for final payment thereof in
      accordance with this Section 7.01.

    ARTICLE
      VIII

     

    MISCELLANEOUS
      PROVISIONS

     

    Section
      8.01.  Amendment.

     

    (a)  This
      Agreement may be amended from time to time by the Depositor,
      the  Grantor Trust Trustee, without the prior consent of any
      Certificateholder:

     

    (i)  to
      cure
      any ambiguity;

     

    (ii)  to
      correct or supplement any provisions herein, which may be inconsistent with
      any
      other provisions herein;

     

    (iii)  to
      make
      any other provisions with respect to matters or questions arising under this
      Agreement which shall not be materially inconsistent with the existing
      provisions of this Agreement; and

     

    (iv)  to
      make
      such modifications as may be permitted or required hereunder in connection
      with
      a repurchase of any Underlying Security pursuant to Section 2.03(c)
      hereof;

     

    provided
      that such amendment shall not, as evidenced by an Opinion of Counsel delivered
      to the Grantor Trust Trustee or a letter from each Rating Agency confirming
      that
      such amendment shall not result in a downgrade or withdrawal of a rating on
      any
      of the Grantor Trust Certificates (in each case, the expense of which shall
      be
      paid for by the Depositor), adversely affect in any material respect the
      interests of any Grantor Trust Certificateholder.

     

    (b)  This
      Agreement may also be amended from time to time by the Depositor and the Grantor
      Trust Trustee with respect to a Sub-Trust with the prior written consent of
      the
      Majority Grantor Trust Certificateholder related to such Sub-Trust for the
      purpose of adding any provisions to or changing in any manner or eliminating
      any
      of the provisions of this Agreement with respect to such Sub-Trust or of
      modifying in any manner the rights of the related Grantor Trust
      Certificateholders; provided, however, that no such amendment
      shall:

     

    (i)  reduce
      in
      any manner the amount of, or delay the timing of, payments which are required
      to
      be distributed on any related Grantor Trust Certificate without the consent
      of
      the Holder of such Grantor Trust Certificate; or

     

    (ii)  modify
      the provisions of this Section 8.01 with respect to a Sub-Trust without the
      consent of the Holders of all related Grantor Trust Certificates.

     

    Notwithstanding
      any other provision of this Agreement, for the purposes of the giving or
      withholding of consents pursuant to this Section 8.01(b), Grantor Trust
      Certificates registered in the name of, or held for the benefit of, the
      Depositor or any Affiliate thereof shall be entitled to vote their Percentage
      Interests with respect to matters affecting such Grantor Trust
      Certificates.

     

    (c)  Promptly
      after the execution of any such amendment the Grantor Trust Trustee shall
      furnish written notification of the substance of such amendment to each related
      Grantor Trust Certificateholder.  It shall not be necessary for the
      consent of the related Grantor Trust Certificateholders under this Section
      8.01
      to approve the particular form of any proposed amendment, but it shall be
      sufficient if such consent shall approve the substance thereof.  The
      manner of obtaining such consents and of evidencing the authorization of the
      execution thereof by the related Grantor Trust Certificateholders shall be
      subject to such reasonable regulations as the Grantor Trust Trustee may
      prescribe.

     

    (d)  Notwithstanding
      any contrary provision of this Agreement, the Grantor Trust Trustee shall not
      consent to any amendment to this Agreement unless it shall have first received
      an Opinion of Counsel (at the expense of the party seeking such amendment)
      to
      the effect that such amendment or the exercise of any power granted to the
      Depositor or the Grantor Trust Trustee in accordance with such amendment (i)
      is
      authorized or permitted by the Agreement and (ii) will not result in the
      imposition of a tax on the Trust or cause the Trust to fail to be classified
      as
      a grantor trust under subpart E, part I of subchapter J of chapter 1 of the
      Code.

     

    Section
      8.02.  Counterparts.

     

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

     

    Section
      8.03.  Limitation
      on Rights of Grantor Trust Certificateholders.

     

    (a)  The
      death
      or incapacity of any Grantor Trust Certificateholder shall not operate to
      terminate this Agreement or the related Sub-Trust, nor entitle such Grantor
      Trust Certificateholder’s legal representatives or heirs to claim an accounting
      or to take any action or proceeding in any court for a partition or winding
      up
      of the related Sub-Trust, nor otherwise affect the rights, obligations and
      liabilities of the parties hereto or any of them.

     

    (b)  No
      Grantor Trust Certificateholder shall have any right to vote (except as
      expressly provided for herein) or in any manner otherwise control the operation
      and management of the Trust Fund, or the obligations of the parties hereto,
      nor
      shall anything herein set forth, or contained in the terms of the Grantor Trust
      Certificates, be construed so as to constitute the Grantor Trust
      Certificateholders from time to time as partners or members of an association;
      nor shall any Grantor Trust Certificateholder be under any liability to any
      third party by reason of any action taken by the parties to this Agreement
      pursuant to any provision hereof.

     

    (c)  No
      Grantor Trust Certificateholder shall have any right by virtue of any provision
      of this Agreement to institute any suit, action or proceeding in equity or
      at
      law upon or under or with respect to this Agreement or the related Sub-Trust,
      unless such Holder previously shall have given to the Grantor Trust Trustee
      and
      the Depositor a written notice of default hereunder, and of the continuance
      thereof, as hereinbefore provided, and unless also the related Majority
      Grantor Trust Certificateholder shall have made written request upon the Grantor
      Trust Trustee to institute such action, suit or proceeding in its own name
      as
      Grantor Trust Trustee hereunder and shall have offered to the Grantor Trust
      Trustee such reasonable indemnity as it may require against the costs, expenses
      and liabilities to be incurred therein or thereby, and the Grantor Trust
      Trustee, for 30 days after its receipt of such notice, request and offer of
      indemnity, shall have neglected or refused to institute any such action, suit
      or
      proceeding.  For the prosecution and enforcement of the rights granted
      under this Section, each and every Grantor Trust Certificateholder and the
      Grantor Trust Trustee shall be entitled to such relief as can be given either
      at
      law or in equity.

     

    Section
      8.04.  Governing Law.

     

    This
      Agreement and the Grantor Trust Certificates shall be construed in accordance
      with the laws of the State of New York applicable to agreements made and to
      be
      performed in said state (without reference to the conflicts of law provisions
      of
      such state, other than Sections 5-1401 and 5-1402 of the New York General
      Obligations Laws, which shall apply hereto), and the obligations, rights and
      remedies of the parties hereunder and the Grantor Trust Certificateholders
      shall
      be determined in accordance with such laws.

     

    Section
      8.05.  Notices.

     

    All
      communications provided for or permitted hereunder shall be in writing and
      shall
      be deemed to have been duly given when delivered to: (a) in the case of the
      Depositor, Structured Asset Mortgage Investments II Inc., 245 Park Avenue,
      New
      York, New York 10167, or such other address as may hereafter be furnished to
      the
      Grantor Trust Trustee in writing by the Depositor; (b) in the case of the
      Grantor Trust Trustee, to its Corporate Trust Office; (c) in the case of
      S&P, Standard & Poor’s, 55 Water Street, 41st Floor, New York, New York
      10041; and (d) in the case of Moody’s, Moody's Investors Service, Inc., 99
      Church Street, New York, New York 10007, or such other address as may hereafter
      be furnished to the other parties hereto in writing.

     

    Section
      8.06.  Severability of Provisions.

     

    If
      any
      one or more of the covenants, agreements, provisions or terms of this Agreement
      shall be for any reason whatsoever held invalid, then such covenants,
      agreements, provisions or terms shall be deemed severable from the remaining
      covenants, agreements, provisions or terms of this Agreement and shall in no
      way
      affect the validity or enforceability of the other provisions of this Agreement
      or of the Grantor Trust Certificates or the rights of the Holders
      thereof.

     

    Section
      8.07.  Successors
      and Assigns.

     

    The
      provisions of this Agreement shall be binding upon and inure to the benefit
      of
      the respective successors and assigns of the parties hereto, and all such
      provisions shall inure to the benefit of the Grantor Trust
      Certificateholders.

     

    Section
      8.08.  Article
      and Section Headings.

     

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

     

    Section
      8.09.  Notices
      to Rating Agencies.

     

    The
      Grantor Trust Trustee shall notify the Rating Agencies at such time as it is
      otherwise required pursuant to this Agreement to give notice of the occurrence
      of any of the events described in clauses (a), (b), or (e) below or provide
      a
      copy to the Rating Agencies at such time as otherwise required to be delivered
      pursuant to this Agreement of each of the statements described in clauses (c)
      and (e) below:

     

    (a)  a
      material change or amendment to this Agreement,

     

    (b)  the
      termination or appointment of a successor Grantor Trust Trustee or a change
      in
      the majority ownership of the Grantor Trust Trustee,

     

    (c)  the
      monthly distribution statement required to be made available or delivered to
      the
      Grantor Trust Certificateholders pursuant to Section 3.06,

     

    (d)  Notice
      of
      Final Distribution required to be delivered pursuant to Section 7.01(b),
      and

     

    (e)  a
      change
      in the location of the Certificate Account.

     

    The
      Depositor shall notify the Rating Agencies of any change in its
      identity.

     

    Section
      8.10.  Acts
      of Grantor Trust Certificateholders.  (a)  Any request,
      demand, authorization, direction, notice, consent, waiver or other action
      provided by this Agreement to be given or taken by Grantor Trust
      Certificateholders may be embodied in and evidenced by one or more instruments
      of substantially similar tenor signed by such Grantor Trust Certificateholders
      in person or by an agent duly appointed in writing.  Except as herein
      otherwise expressly provided, such action shall become effective when such
      instrument or instruments are delivered to the Grantor Trust Trustee and, where
      it is expressly required, to the Depositor.  Proof of execution of any
      such instrument or of a writing appointing any such agent shall be sufficient
      for any purpose of this Agreement and conclusive in favor of the Grantor Trust
      Trustee and the Depositor, if made in the manner provided in this Section
      8.10.

     

    (b)  The
      fact
      and date of the execution by any Person of any such instrument or writing may
      be
      proved by the affidavit of a witness of such execution or by a certificate
      of a
      notary public or other officer authorized by law to take acknowledgments of
      deeds, certifying that the individual signing such instrument or writing
      acknowledged to him the execution thereof.  Where such execution is by
      a signer acting in a capacity other than his or her individual capacity, such
      certificate or affidavit shall also constitute sufficient proof of his or her
      authority.  The fact and date of the execution of any such instrument
      or writing, or the authority of the individual executing the same, may also
      be
      proved in any other manner which the Grantor Trust Trustee deems
      sufficient.

     

    (c)  The
      ownership of Grantor Trust Certificates (notwithstanding any notation of
      ownership or other writing on such Grantor Trust Certificates, except an
      endorsement in accordance with Section 4.02 made on a Grantor Trust Certificates
      presented in accordance with Section 4.04) shall be proved by the Certificate
      Register, and neither the Grantor Trust Trustee, the Depositor, nor any
      successor to either such party shall be affected by any notice to the
      contrary.

     

    (d)  Any
      request, demand, authorization, direction, notice, consent, waiver or other
      action of the holder of any Grantor Trust Certificate shall bind every future
      holder of the same Grantor Trust Certificate and the holder of every Grantor
      Trust Certificate issued upon the registration of transfer or exchange thereof,
      if applicable, or in lieu thereof with respect to anything done, omitted or
      suffered to be done by the Grantor Trust Trustee, the Depositor, or any
      successor to either such party in reliance thereon, whether or not notation
      of
      such action is made upon such Certificates.

     

    (e)  In
      determining whether the Holders of the requisite Percentage Interest of Grantor
      Trust Certificates have given any request, demand, authorization, direction,
      notice, consent or waiver hereunder, Grantor Trust Certificates owned by the
      Grantor Trust Trustee or the Depositor or any Affiliate thereof shall be
      disregarded, except as otherwise provided in Section 8.01(b), except that,
      in
      determining whether the Grantor Trust Trustee shall be protected in relying
      upon
      any such request, demand, authorization, direction, notice, consent or waiver,
      only Grantor Trust Certificates which the Grantor Trust Trustee knows to be
      so
      owned shall be so disregarded.  Grantor Trust Certificates which have
      been pledged in good faith to the Grantor Trust Trustee or the Depositor or
      any
      Affiliate thereof may be regarded as outstanding if the pledgor establishes
      to
      the satisfaction of the Grantor Trust Trustee the pledgor’s right to act with
      respect to such Grantor Trust Certificates and that the pledgor is not an
      Affiliate of the Grantor Trust Trustee or the Depositor, as the case may
      be.

     

    IN
      WITNESS WHEREOF, the Depositor and the Grantor Trust Trustee have caused their
      names to be signed hereto by their respective duly authorized officers, all
      as
      of the day and year first above written.

     

    

    
      	 	
              STRUCTURED
                ASSET MORTGAGE INVESTMENTS II INC., as Depositor

            
	 	 
	 	 
	 	
              By:

            	/s/
               Joseph T. Jurkowski, Jr.
	 	
              Name:  Joseph
                T. Jurkowski, Jr.

            
	 	
              Title:    Vice
                President

            
	 	 
	 	 
	 	
              WELLS
                FARGO BANK, N.A., as Grantor Trust Trustee

            
	 	 
	 	 
	 	
              By:

            	 /s/
              Stacey M. Taylor
	 	
              Name: 
                Stacey M. Taylor

            
	 	
              Title: 
                Vice President

            
	 	 
	 	 
	 	 
	 	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
              STATE
                OF NEW YORK

            	
              )

            	 
	 	 	
              ss.:

            
	
              COUNTY
                OF NEW YORK

            	
              )

            	 

    

    

    On
      the
      31st day of
      August, 2007 before me, a notary public in and for said State, personally
      appeared Joseph T. Jurkoswki, Jr. known to me to be a Vice President of
      Structured Asset Mortgage Investments II Inc., the corporation that executed
      the
      within instrument, and also known to me to be the person who executed it on
      behalf of said corporation, and acknowledged to me that such corporation
      executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    

    
      	 	 
	 	
              Notary
                Public

            
	 	 
	
              [Notarial
                Seal]

            	
              Commission
                Expires:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              STATE
                OF MARYLAND

            	
              )

            	 
	 	 	
              ss.:

            
	
              COUNTY
                OF HOWARD

            	
              )

            	 

    

    

    On
      the
      31st day of
      August, 2007 before me, a notary public in and for said State, personally
      appeared ____________________________ known to me to be a(n)
      ________________________ of Wells Fargo Bank, N.A., the national banking
      association that executed the within instrument, and also known to me to be
      the
      person who executed it on behalf of said national banking association, and
      acknowledged to me that such national banking association executed the within
      instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    

    
      	 	 
	 	
              Notary
                Public

            
	 	 
	
              [Notarial
                Seal]

            	
              Commission
                Expires:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

      FORM
      OF GRANTOR TRUST CERTIFICATE

     

    CLASS
      [ ]-A[ ] GRANTOR TRUST CERTIFICATE

     

    THE
      CURRENT PRINCIPAL AMOUNT OF THIS GRANTOR TRUST CERTIFICATE WILL BE DECREASED
      BY
      THE PRINCIPAL PAYMENTS HEREON AND REALIZED LOSSES ALLOCABLE HERETO. ACCORDINGLY,
      FOLLOWING THE INITIAL ISSUANCE OF THE GRANTOR TRUST CERTIFICATES, THE CURRENT
      PRINCIPAL AMOUNT OF THIS GRANTOR TRUST CERTIFICATE WILL BE DIFFERENT FROM THE
      DENOMINATION SHOWN BELOW. ANYONE ACQUIRING THIS GRANTOR TRUST CERTIFICATE MAY
      ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE GRANTOR TRUST TRUSTEE
      NAMED HEREIN.

     

    UNLESS
      THIS GRANTOR TRUST CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      THE DEPOSITORY TRUST COMPANY TO THE GRANTOR TRUST TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GRANTOR TRUST CERTIFICATE
      ISSUED WILL BE REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS
      REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND
      ANY PAYMENT WILL BE MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE
      HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
      REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    

    
      	
              Grantor
                Trust Certificate No. [  ]

            	
              Variable
                Pass-Through Rate

            
	 	 
	
              Class
                [ ]-A-[ ]

            	 
	 	 
	
              Date
                of Grantor Trust Agreement:

              As
                of August 31, 2007

            	
              Aggregate
                Initial Current Principal Amount of all Grantor Trust Certificates
                of this
                Class as of the Closing Date:

              $[         ]

            
	 	 
	
              First
                Distribution Date:

              September
                26, 2007

            	
              Initial
                Current Principal Amount of this Grantor Trust Certificate as of
                the
                Closing Date:

              $[         ]

            
	 	 
	
              Grantor
                Trust Trustee:

              Wells
                Fargo Bank, N.A.

            	
              CUSIP:
                [         ]

            
	 	 
	
              Assumed
                Final Distribution Date:

              [_______]

            	 
	 	 

    

     

    BEAR
      STEARNS STRUCTURED PRODUCTS INC. TRUST 2007-R6

    GRANTOR
      TRUST CERTIFICATES

    SERIES
      2007-R6

     

    evidencing
      a Percentage Interest in the distributions allocable to the Class [ ]-A-[ ]
      Grantor Trust Certificates with respect to the [Group I][Group II] Sub-Trust
      consisting primarily of the [Group I][Group II] Underlying Securities sold
      by
      STRUCTURED ASSET MORTGAGE INVESTMENTS II INC.

     

    This
      Grantor Trust Certificate is payable solely from the assets of the [Group
      I][Group II] Sub-Trust, and does not represent an obligation of or interest
      in
      Structured Asset Mortgage Investments II Inc., the Grantor Trust Trustee
      referred to below or any of their affiliates or any other person. Neither this
      Grantor Trust Certificate nor the related Underlying Securities are guaranteed
      or insured by any governmental entity or by Structured Asset Mortgage
      Investments II Inc., the Grantor Trust Trustee or any of their affiliates or
      any
      other person. None of Structured Asset Mortgage Investments II Inc., the Grantor
      Trust Trustee or any of their affiliates will have any obligation with respect
      to any certificate or other obligation secured by or payable from payments
      on
      the Grantor Trust Certificates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced hereby in the beneficial ownership interest of Grantor Trust
      Certificates of the same Class as this Grantor Trust Certificate in a trust
      (the
“Trust Fund”) primarily consisting of the [Group I][Group II] Underlying
      Securities sold by Structured Asset Mortgage Investments II Inc. (“SAMI II”).
      The [Group I][Group II] Underlying Securities were sold by EMC Mortgage
      Corporation (“EMC”) to SAMI II.  The [Group I][Group II] Sub-Trust was
      created pursuant to the Grantor Trust Agreement, dated as of the Closing Date,
      (the “Agreement”), between SAMI II, as depositor (the “Depositor”) and Wells
      Fargo, as grantor trust trustee (the “Grantor Trust Trustee”), a summary of
      certain of the pertinent provisions of which is set forth hereafter. To the
      extent not defined herein, capitalized terms used herein shall have the meaning
      ascribed to them in the Agreement. This Grantor Trust Certificate is issued
      under and is subject to the terms, provisions and conditions of the Agreement,
      to which Agreement the Holder of this Grantor Trust Certificate by virtue of
      its
      acceptance hereof assents and by which such Holder is bound.

     

    Interest
      on this Grantor Trust Certificate will accrue during the month prior to the
      month in which a Distribution Date (as hereinafter defined) occurs on the
      Current Principal Amount hereof at a per annum rate equal to the Pass-Through
      Rate as described in the Agreement. The Grantor Trust Trustee will distribute
      on
      the Business Day immediately following the Underlying Security Distribution
      Date
      of each month (each, a “Distribution Date”). to the Person in whose name this
      Grantor Trust Certificate is registered at the close of business on the last
      Business Day of the calendar month preceding the month of such Distribution
      Date, an amount equal to the product of Percentage Interest evidenced by this
      Grantor Trust Certificate and the amount (of interest and principal, if any)
      required to be distributed to the Holders of Grantor Trust Certificates of
      the
      same Class as this Grantor Trust Certificate, commencing on the First
      Distribution Date specified above. The Underlying Security Distribution Date
      is
      the 25th day of each month, or, if such 25th day is not a Business Day, the
      immediately following Business Day.

     

    Distributions
      on this Grantor Trust Certificate will be made by the Grantor Trust Trustee
      by
      check mailed to the address of the Person entitled thereto as such name and
      address shall appear on the Certificate Register or, if such Person so requests
      by notifying the Grantor Trust Trustee in writing as specified in the Agreement,
      by wire transfer. Notwithstanding the above, the final distribution on this
      Grantor Trust Certificate will be made after due notice by the Grantor Trust
      Trustee of the pendency of such distribution and only upon presentation and
      surrender of this Grantor Trust Certificate at the office or agency appointed
      by
      the Grantor Trust Trustee for that purpose and designated in such notice. The
      Initial Current Principal Amount of this Grantor Trust Certificate is set forth
      above. The Current Principal Amount hereof will be reduced to the extent of
      distributions allocable to principal hereon and any Realized Losses allocable
      hereto.

     

    This
      Grantor Trust Certificate is one of a duly authorized issue of Grantor Trust
      Certificates designated as set forth on the face hereof (the “Grantor Trust
      Certificates”), issued in four Classes. The Grantor Trust Certificates, in the
      aggregate, evidence the entire beneficial ownership interest in the Trust Fund
      formed pursuant to the Agreement.

     

    The
      Grantor Trust Certificateholder, by its acceptance of this Grantor Trust
      Certificate, agrees that it will look solely to the [Group I][Group II]
      Sub-Trust for payment hereunder and that none of the Depositor or the Grantor
      Trust Trustee are liable to the Grantor Trust Certificateholders for any amount
      payable under this Grantor Trust Certificate or the Agreement or, except as
      expressly provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Grantor Trust Certificate does not purport to summarize the Agreement and
      reference is made to the Agreement for the interests, rights and limitations
      of
      rights, benefits, obligations and duties evidenced hereby, and the rights,
      duties and immunities of the Grantor Trust Trustee.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor
      and
      the Grantor Trust Trustee and the rights of the Grantor Trust Certificateholders
      related to the [Group I][Group II] Sub-Trust under the Agreement from time
      to
      time by the parties thereto with the consent of the Holders of the related
      Grantor Trust Certificates, evidencing Percentage Interests aggregating not
      less
      than 51% of such Sub-Trust (or in certain cases, Holders of the related Grantor
      Trust Certificates of affected Classes evidencing such percentage of the
      Percentage Interests thereof). Any such consent by the Holder of this Grantor
      Trust Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Grantor Trust Certificate and of any Grantor Trust
      Certificate issued upon the transfer hereof or in lieu hereof whether or not
      notation of such consent is made upon this Grantor Trust Certificate. The
      Agreement also permits the amendment thereof, in certain limited circumstances,
      without the consent of the Holders of any of the related Grantor Trust
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Grantor Trust Certificate is registrable with the Grantor
      Trust Trustee upon surrender of this Grantor Trust Certificate for registration
      of transfer at the offices or agencies maintained by the Grantor Trust Trustee
      for such purposes, duly endorsed by, or accompanied by a written instrument
      of
      transfer in form satisfactory to the Grantor Trust Trustee duly executed by
      the
      Holder hereof or such Holder’s attorney duly authorized in writing, and
      accompanied by the information required to be provided to the Grantor Trust
      Trustee for WHFIT reporting purposes as described in the Agreement, and
      thereupon one or more new Grantor Trust Certificates in authorized denominations
      representing a like aggregate Percentage Interest will be issued to the
      designated transferee.

     

    The
      Grantor Trust Certificates are issuable only as registered Grantor Trust
      Certificates without coupons in the Classes and denominations specified in
      the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, this Grantor Trust Certificate is exchangeable for one or
      more new Grantor Trust Certificates evidencing the same Class and in the same
      aggregate Percentage Interest, as requested by the Holder surrendering the
      same.

     

    No
      service charge will be made to the Grantor Trust Certificateholders for any
      such
      registration of transfer, but the Grantor Trust Trustee may require payment
      of a
      sum sufficient to cover any tax or other governmental charge payable in
      connection therewith. The Depositor, Grantor Trust Trustee and any agent of
      any
      of them may treat the Person in whose name this Certificate is registered as
      the
      owner hereof for all purposes, and none of the Depositor, the Grantor Trust
      Trustee or any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement and the [Group I][Group II] Sub-Trust
      created thereby (other than the obligations to make payments to Grantor Trust
      Certificateholders with respect to the termination of the Agreement related
      to
      the [Group I][Group II] Sub-Trust) shall terminate upon the later of (i) the
      making of the final payment on or other liquidation of the [Group I][Group
      II]
      Underlying Securities, or (ii) the payment to the related Grantor Trust
      Certificateholders of all amounts required to be paid to them pursuant to the
      Agreement. In no event, however, will the [Group I][Group II] Sub-Trust created
      by the Agreement continue beyond the expiration of 21 years after the death
      of
      certain persons identified in the Agreement.

     

    Unless
      this Grantor Trust Certificate has been countersigned by an authorized signatory
      of the Grantor Trust Trustee by manual signature, this Grantor Trust Certificate
      shall not be entitled to any benefit under the Agreement, or be valid for any
      purpose.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Grantor Trust Trustee has caused this Certificate to be
      duly executed.

     

    
      	
              Dated:
                August 31, 2007

            	
              WELLS
                FARGO BANK, N.A.,

            

    

    
      	
               

            	
              not
                in its individual capacity but solely as Grantor Trust Trustee            

            

      	 	 

      	 	 By:_____________________________________________________

      	 	                                              
              Authorized
              Signatory

    

    
 

    CERTIFICATE
      OF AUTHENTICATION

    

    This
      is one of the Class [ ]-A-[ ]
      Grantor Trust Certificates referred to in the within-mentioned
      Agreement.

    

     

    
      	 	 WELLS
              FARGO BANK, N.A.,

      	
               

            	
              Authorized
                signatory of Wells Fargo Bank, N.A., not in its individual capacity
                but
                solely as Grantor Trust Trustee

            

      	 	 

      	 	 By:_____________________________________________________

      	 	                                            
               Authorized Signatory

    

     

    
      
        
        

      

      
        
        

        
          

        

      

    

    

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
      __________________________________ (Please print or typewrite name and address
      including postal zip code of assignee) a Percentage Interest evidenced by the
      within Grantor Trust Certificate and hereby authorizes the transfer of
      registration of such interest to assignee on the Certificate Register of the
      Trust Fund.

     

    I
      (We)
      further direct the Grantor Trust Trustee to issue a new Grantor Trust
      Certificate of a like denomination and Class, to the above named assignee and
      deliver such Grantor Trust Certificate to the following address:

     

    
      	 	 	 
	 	 	 
	 	 	 

    

    

    
      	
              Dated:

            	 	 

    

    
      	 	                                  
                Signature by or on behalf of assignor

      	 	 

      	 	                                               

    

    

    
      	 	 
	 	                                                
               Signature Guaranteed

    

     

    DISTRIBUTION
      INSTRUCTIONS

    

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      _________________________________ for the account of _________________________
      account number _____________, or, if mailed by check, to
      ______________________________. Applicable statements should be mailed to
      _____________________________________________.

     

    This
      information is provided
      by         __________________, the
      assignee named above, or ________________________, as its agent.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    FORM
      OF
      CERTIFICATION TO BE

    PROVIDED
      BY THE GRANTOR TRUST TRUSTEE TO DEPOSITOR

    

    Re:           ________________________________
      Trust 200_-____(the “Trust”), Grantor Trust Certificates, Series
      200_-____, issued pursuant to the Grantor Trust Agreement, dated as of
      ________ 1, 200_ (the “Agreement” or “Trust Agreement”), between Structured
      Asset Mortgage Investments II Inc., as Depositor and Wells Fargo Bank, National
      Association, as Grantor Trust Trustee

     

    The
      Grantor Trust Trustee hereby certifies to the Depositor, and its officers,
      directors and affiliates, and with the knowledge and intent that they will
      rely
      upon this certification, that:

     

    1.  I
      have
      reviewed the annual report on Form 10-K for the fiscal year [____] (the
“Annual Report”), and all reports on Form 10-D required to be filed in
      respect of period covered by the Annual Report (collectively with the Annual
      Report, the “Reports”), of the Trust;

     

    2.  To
      my
      knowledge, (a) the Reports, taken as a whole, do not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make
      the statements made, in light of the circumstances under which such statements
      were made, not misleading with respect to the period covered by the Annual
      Report, and (b) the Grantor Trust Trustee’s assessment of compliance and related
      attestation report referred to below, taken as a whole, do not contain any
      untrue statement of a material fact or omit to state a material fact necessary
      to make the statements made, in light of the circumstances under which such
      statements were made, not misleading with respect to the period covered by
      such
      assessment of compliance and attestation report;

     

    3.  To
      my
      knowledge, the distribution information required to be provided by the Grantor
      Trust Trustee under the Trust Agreement for inclusion in the Reports is included
      in the Reports;

     

    4.  I
      am
      responsible for reviewing the activities performed by the Grantor Trust Trustee
      under the Trust Agreement, and based on my knowledge and the compliance review
      conducted in preparing the compliance statement of the Grantor Trust Trustee
      required by the Trust Agreement, and except as disclosed in the Reports, the
      Grantor Trust Trustee has fulfilled its obligations under the Trust Agreement
      in
      all material respects; and

     

    5.  The
      report on assessment of compliance with servicing criteria applicable to the
      Grantor Trust Trustee for asset-backed securities of the Grantor Trust Trustee
      and each Subcontractor utilized by the Grantor Trust Trustee and related
      attestation report on assessment of compliance with servicing criteria
      applicable to it required to be included in the Annual Report in accordance
      with
      Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 has been
      included as an exhibit to the Annual Report.  Any material instances
      of non-compliance are described in such report and have been disclosed in the
      Annual Report.

     

    In
      giving the certifications above, the
      Grantor Trust Trustee has reasonably relied on information provided to it by
      the
      following unaffiliated parties:  [names of servicer(s), master
      servicer, subservicer, depositor, Grantor Trust Trustee,
      custodian(s)]

     

    Date:________________________________________                                                                           

    

    
_______________________________________

    [Signature]

    [Title]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

     

    (B)           SERVICING
      CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

     

    Definitions

    Grantor
      Trust Trustee – waterfall calculator

    Grantor
      Trust Trustee – fiduciary of the transaction

     

    Note:  The
      definitions above describe the essential function that the party performs,
      rather than the party’s title.  So, for example, in a particular
      transaction, the Grantor Trust Trustee may perform the “paying agent” and
“securities administrator” functions, while in another transaction, the
      securities administrator may perform these functions.

     

    Where
      there are multiple checks for criteria the attesting party will identify in
      their management assertion that they are attesting only to the portion of the
      distribution chain they are responsible for in the related transaction
      agreements.

     

    Key:                      X
      – obligation

    

     

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	
              Grantor
                Trust Trustee

            
	 	
              General
                Servicing Considerations

            	 
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	
              X

            
	
              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party’s
                performance and compliance with such servicing activities.

            	
              X

            
	
              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the Pool Assets are maintained.

            	 
	
              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with
                the
                terms of the transaction agreements.

            	 
	 	
              Cash
                Collection and Administration

            	 
	
              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements.

            	
              X

            
	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel.

            	
              X

            
	
              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances, are made,
                reviewed and approved as specified in the transaction
                agreements.

            	
              X

            
	
              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of over collateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements.

            	
              X

            
	
              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, “federally insured depository institution” with respect to
                a foreign financial institution means a foreign financial institution
                that
                meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                Act.

            	
              X

            
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized
                access.

            	
              X

            
	
              1122(d)(2)(vii)

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and (D) contain explanations for reconciling items.
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements.

            	
              X

            
	 	
              Investor
                Remittances and Reporting

            	 
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors’ or the trustee’s records as to the total unpaid principal
                balance and number of Pool Assets serviced by the
                Servicer.

            	
              X

            
	
              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements.

            	
              X

            
	
              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the Servicer’s
                investor records, or such other number of days specified in the
                transaction agreements.

            	
              X

            
	
              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank
                statements.

            	
              X

            
	 	
              Pool
                Asset Administration

            	 
	
              1122(d)(4)(i)

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related pool asset documents.

            	 
	
              1122(d)(4)(ii)

            	
              Pool
                assets and related documents are safeguarded as required by the
                transaction agreements

            	 
	
              1122(d)(4)(iii)

            	
              Any
                additions, removals or substitutions to the asset pool are made,
                reviewed
                and approved in accordance with any conditions or requirements in
                the
                transaction agreements.

            	
               

            
	
              1122(d)(4)(iv)

            	
              Payments
                on pool assets, including any payoffs, made in accordance with the
                related
                pool asset documents are posted to the Servicer’s obligor records
                maintained no more than two business days after receipt, or such
                other
                number of days specified in the transaction agreements, and allocated
                to
                principal, interest or other items (e.g., escrow) in accordance with
                the
                related pool asset documents.

            	 
	
              1122(d)(4)(v)

            	
              The
                Servicer’s records regarding the pool assets agree with the Servicer’s
                records with respect to an obligor’s unpaid principal
                balance.

            	 
	
              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor's pool assets (e.g.,
                loan modifications or re-agings) are made, reviewed and approved
                by
                authorized personnel in accordance with the transaction agreements
                and
                related pool asset documents.

            	 
	
              1122(d)(4)(vii)

            	
              Loss
                mitigation or recovery actions (e.g., forbearance plans, modifications
                and
                deeds in lieu of foreclosure, foreclosures and repossessions, as
                applicable) are initiated, conducted and concluded in accordance
                with the
                timeframes or other requirements established by the transaction
                agreements.

            	 
	
              1122(d)(4)(viii)

            	
              Records
                documenting collection efforts are maintained during the period a
                pool
                asset is delinquent in accordance with the transaction agreements.
                Such
                records are maintained on at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity’s
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or
                unemployment).

            	 
	
              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents.

            	 
	
              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts):
                (A) such
                funds are analyzed, in accordance with the obligor’s pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 30 calendar
                days of full repayment of the related pool assets, or such other
                number of
                days specified in the transaction agreements.

            	 
	
              1122(d)(4)(xi)

            	
              Payments
                made on behalf of an obligor (such as tax or insurance payments)
                are made
                on or before the related penalty or expiration dates, as indicated
                on the
                appropriate bills or notices for such payments, provided that such
                support
                has been received by the servicer at least 30 calendar days prior
                to these
                dates, or such other number of days specified in the transaction
                agreements.

            	 
	
              1122(d)(4)(xii)

            	
              Any
                late payment penalties in connection with any payment to be made
                on behalf
                of an obligor are paid from the Servicer’s funds and not charged to the
                obligor, unless the late payment was due to the obligor’s error or
                omission.

            	 
	
              1122(d)(4)(xiii)

            	
              Disbursements
                made on behalf of an obligor are posted within two business days
                to the
                obligor’s records maintained by the servicer, or such other number of days
                specified in the transaction agreements.

            	 
	
              1122(d)(4)(xiv)

            	
              Delinquencies,
                charge-offs and uncollectible accounts are recognized and recorded
                in
                accordance with the transaction agreements.

            	 
	
              1122(d)(4)(xv)

            	
              Any
                external enhancement or other support, identified in Item 1114(a)(1)
                through (3) or Item 1115 of Regulation AB, is maintained as set forth
                in
                the transaction agreements.  (In this transaction there is no
                external enhancement or other support.)

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      D

     

    FORM
      10-D, FORM 8-K AND FORM 10-K REPORTING RESPONSIBILITY

     

    As
      to
      each item described below, the entity indicated as the Responsible Party shall
      be primarily responsible for reporting the information to the party identified
      as responsible for preparing the Securities Exchange Act Reports pursuant to
      Section 3.11 of the Grantor Trust Agreement.

     

    Under
      Item 1 of Form 10-D: a) items marked “Monthly Statement to Grantor Trust
      Certificateholders” are required to be included in the periodic Distribution
      Date statement under Section 3.06, provided by the Grantor Trust Trustee based
      on information received from the party providing such information; and b) items
      marked “Form 10-D report” are required to be in the Form 10-D report but not the
      Monthly Statements to Grantor Trust Certificateholders, provided by the party
      indicated.  Information under all other Items of Form 10-D is to be
      included in the Form 10-D report.  All such information and any other
      Items on Form 8-K and Form 10-D set forth in this Exhibit shall be sent to
      the
      Grantor Trust Trustee and the Depositor.

     

    
      	
              Form

            	
              Item

            	
              Description

            	
              Grantor
                Trust Trustee

            	
                   
                Depositor

            	
                   
                Sponsor

            
	
              10-D

            	
              Must
                be filed within 15 days of the distribution date for the asset-backed
                securities.

            	 	 
	
              1

            	
              Distribution
                and Pool Performance Information

            	 	 	 
	
              Item
                1121(a) – Distribution and Pool Performance
                Information

            	 	 	 
	
              (1)
                Any applicable record dates, accrual dates, determination dates for
                calculating distributions and actual distribution dates for the
                distribution period.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (2)
                Cash flows received and the sources thereof for distributions, fees
                and
                expenses.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (3)
                Calculated amounts and distribution of the flow of funds for the
                period
                itemized by type and priority of payment, including:

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (i)
                Fees or expenses accrued and
                paid, with an identification of the general purpose of such fees
                and the
                party receiving such fees or expenses.

            	 	 	 
	
              (ii)
                Payments accrued or paid
                with respect to enhancement or other support identified in Item 1114
                of
                Regulation AB (such as insurance premiums or other enhancement maintenance
                fees), with an identification of the general purpose of such payments
                and
                the party receiving such payments.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (iii)
                Principal, interest and
                other distributions accrued and paid on the asset-backed securities
                by
                type and by class or series and any principal or interest shortfalls
                or
                carryovers.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (iv)
                The amount of excess cash
                flow or excess spread and the disposition of excess cash
                flow.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (4)
                Beginning and ending principal balances of the asset-backed
                securities.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (5)
                Interest rates applicable to the pool assets and the asset-backed
                securities, as applicable. Consider providing interest rate information
                for pool assets in appropriate distributional groups or incremental
                ranges.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (6)
                Beginning and ending balances of transaction accounts, such as reserve
                accounts, and material account activity during the period.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (7)
                Any amounts drawn on any credit enhancement or other support identified
                in
                Item 1114 of Regulation AB, as applicable, and the amount of coverage
                remaining under any such enhancement, if known and
                applicable.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (8)
                Number and amount of pool assets at the beginning and ending of each
                period, and updated pool composition information, such as weighted
                average
                coupon, weighted average remaining term, pool factors and prepayment
                amounts.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

               

            	
              Updated
                pool composition information fields to be as specified by Depositor
                from
                time to time

            	 
	
              (9)
                Delinquency and loss information for the period.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              In
                addition, describe any material changes to the information specified
                in
                Item 1100(b)(5) of Regulation AB regarding the pool assets.
                (methodology)

            	 	 	 
	
              (10)
                Information on the amount, terms and general purpose of any advances
                made
                or reimbursed during the period, including the general use of funds
                advanced and the general source of funds for
                reimbursements.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (11)
                Any material modifications, extensions or waivers to pool asset terms,
                fees, penalties or payments during the distribution period or that
                have
                cumulatively become material over time.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (12)
                Material breaches of pool asset representations or warranties or
                transaction covenants.

            	
              X

               

              (if
                agreed upon by the parties)

            	
              X

            	 
	
              (13)
                Information on ratio, coverage or other tests used for determining
                any
                early amortization, liquidation or other performance trigger and
                whether
                the trigger was met.

            	
              X

               

              (Monthly
                Statements to Grantor Trust Certificateholders)

            	 	 
	
              (14)
                Information regarding any new issuance of asset-backed securities
                backed
                by the same asset pool,

            	 	
              X

            	 
	
              information
                regarding any pool asset changes (other than in connection with a
                pool
                asset converting into cash in accordance with its terms), such as
                additions or removals in connection with a prefunding or revolving
                period
                and pool asset substitutions and repurchases (and purchase rates,
                if
                applicable), and cash flows available for future purchases, such
                as the
                balances of any prefunding or revolving accounts, if
                applicable.

            	
              X

            	
              X

            	 
	
              Disclose
                any material changes in the solicitation, credit-granting, underwriting,
                origination, acquisition or pool selection criteria or procedures,
                as
                applicable, used to originate, acquire or select the new pool
                assets.

            	 	
              X

            	
              X

            
	
              Item
                1121(b) – Pre-Funding or Revolving Period Information

               

              Updated
                pool information as required under Item 1121(b).

            	 	
              X

            	 
	
              2

            	
              Legal
                Proceedings

            	 	 	 
	
              Item
                1117 – Legal proceedings pending against the following entities, or their
                respective property, that is material to Grantor Trust Certificateholders,
                including proceedings known to be contemplated by governmental
                authorities:

            	 	 	 
	
              Sponsor
                (Seller)

            	 	 	
              X

            
	
              Depositor

            	 	
              X

            	 
	
              Grantor
                Trust Trustee

            	
              X

               

            	 	 
	
              Issuing
                entity

            	 	
              X

            	 
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

            	
              N/A

            	 	 
	
              Securities
                Administrator

            	
              N/A

            	 	 
	
              Originator
                of 20% or more of pool assets as of the Cut-off Date

            	 	
              X

            	 
	
              Custodian

            	
              N/A

            	 	 
	
              3

            	
              Sales
                of Securities and Use of Proceeds

            	 	 	 
	
              Information
                from Item 2(a) of Part II of Form 10-Q:

               

              With
                respect to any sale of securities by the sponsor, depositor or issuing
                entity, that are backed by the same asset pool or are otherwise issued
                by
                the issuing entity, whether or not registered, provide the sales
                and use
                of proceeds information in Item 701 of Regulation S-K.  Pricing
                information can be omitted if securities were not
                registered.

            	 	
              X

            	 
	
              4

            	
              Defaults
                Upon Senior Securities

            	 	 	 
	
              Information
                from Item 3 of Part II of Form 10-Q:

               

              Report
                the occurrence of any Event of Default (after expiration of any grace
                period and provision of any required notice)

            	
              X

            	 	 
	
              5

            	
              Submission
                of Matters to a Vote of Security Holders

            	 	 	 
	
              Information
                from Item 4 of Part II of Form 10-Q

            	
              X

            	 	 
	
              6

            	
              Significant
                Obligors of Pool Assets

            	 	 	 
	
              Item
                1112(b) –Significant Obligor Financial
                Information*

            	 	
              X

            	 
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Item.

            	 	 	 
	
              7

            	
              Significant
                Enhancement Provider Information

            	 	 	 
	
              Item
                1114(b)(2) – Credit Enhancement Provider Financial
                Information*

            	 	 	 
	
              Determining
                applicable disclosure threshold

            	 	 	 
	
              Requesting
                required financial information or effecting incorporation by
                reference

            	 	 	 
	
              Item
                1115(b) – Derivative Counterparty Financial
                Information*

            	 	 	 
	
              Determining
                current maximum probable exposure

            	 	
              X

            	 
	
              Determining
                current significance percentage

            	 	 	 
	
              Requesting
                required financial information or effecting incorporation by
                reference

            	 	 	 
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Items.

            	 	 	 
	
              8

            	
              Other
                Information

            	 	 	 
	
              Disclose
                any information required to be reported on Form 8-K during the period
                covered by the Form 10-D but not reported

            	
              The
                Responsible Party for the applicable Form 8-K item as indicated
                below.

            
	
              9

            	
              Exhibits

            	 	 	 	 
	
              Distribution
                report

            	
              X

            	 	 
	
              Exhibits
                required by Item 601 of Regulation S-K, such as material
                agreements

            	 	
              X

            	 
	
              8-K

            	
              Must
                be filed within four business days of an event reportable on Form
                8-K.

            
	
              1.01

            	
              Entry
                into a Material Definitive Agreement

            	 	 	 
	
              Disclosure
                is required regarding entry into or amendment of any definitive agreement
                that is material to the securitization, even if depositor is not
                a
                party.

               

              Examples:
                servicing agreement, custodial agreement.

               

              Note:
                disclosure not required as to definitive agreements that are fully
                disclosed in the prospectus

            	
              X

            	
              X

            	
              X

            
	
              1.02

            	
              Termination
                of a Material Definitive Agreement

            	
              X

            	
              X

            	
              X

            
	
              Disclosure
                is required regarding termination of  any definitive agreement
                that is material to the securitization (other than expiration in
                accordance with its terms), even if depositor is not a party.

               

              Examples:
                servicing agreement, custodial agreement.

            	 	 	 
	
              1.03

            	
              Bankruptcy
                or Receivership

            	 	 	 
	
              Disclosure
                is required regarding the bankruptcy or receivership, if known, with
                respect to any of the following:

               

              Sponsor
                (Seller), Depositor, Master Servicer, affiliated Servicer, other
                Servicer
                servicing 20% or more of pool assets at time of report, other material
                servicers, Certificate Administrator, Grantor Trust Trustee, significant
                obligor, credit enhancer (10% or more), derivatives counterparty,
                Custodian

            	
              X

            	
              X

            	
              X

            
	
              2.04

            	
              Triggering
                Events that Accelerate or Increase a Direct Financial Obligation
                or an
                Obligation under an Off-Balance Sheet Arrangement

            	 	 	 
	
              Includes
                an early amortization, performance trigger or other event, including
                event
                of default, that would materially alter the payment priority/distribution
                of cash flows/amortization schedule.

               

              Disclosure
                will be made of events other than waterfall triggers which are disclosed
                in the Monthly Statement to Grantor Trust
                Certificateholders

            	
              X

            	 	 
	
              3.03

            	
              Material
                Modification to Rights of Security Holders

            	 	 	 
	
              Disclosure
                is required of any material modification to documents defining the
                rights
                of Grantor Trust Certificateholders, including the Pooling and Servicing
                Agreement

            	
              X

            	
              X

            	 
	
              5.03

            	
              Amendments
                to Articles of Incorporation or Bylaws; Change in Fiscal
                Year

            	 	 	 
	
              Disclosure
                is required of any amendment “to the governing documents of the issuing
                entity”

            	 	
              X

            	 
	
              5.06

            	
              Change
                in Shell Company Status

            	 	 	 
	
              [Not
                applicable to ABS issuers]

            	 	
              X

            	 
	
              6.01

            	
              ABS
                Informational and Computational Material

            	 	 	 
	
              [Not
                included in reports to be filed under Section 3.18]

            	 	
              X

            	 
	
              6.02

            	
              Change
                of Servicer or Grantor Trust Trustee

            	 	 	 
	
              Requires
                disclosure of any removal, replacement, substitution or addition
                of any
                master servicer, affiliated servicer, other servicer servicing 10%
                or more
                of pool assets at time of report, other material servicers, certificate
                administrator or Grantor Trust Trustee.

            	
              X

            	
              X

               

            	 
	 	
              Reg
                AB disclosure about any new servicer is also required.

            	
              N/A

            	 	 
	
              Reg
                AB disclosure about any new Grantor Trust Trustee is also
                required.

            	
              X

              (to
                the extent of a new Grantor Trust Trustee)

            	 	 
	
              Reg
                AB disclosure about any new securities administrator is also
                required.

            	
              N/A

            	 	 
	
              6.03

            	
              Change
                in Credit Enhancement or Other External Support In this transaction
                there
                is no external enhancement or other support.

            	 	 	 
	
              Covers
                termination of any enhancement in manner other than by its terms,
                the
                addition of an enhancement, or a material change in the enhancement
                provided.  Applies to external credit enhancements as well as
                derivatives.

            	 	
              X

            	 
	 	
              Reg
                AB disclosure about any new enhancement provider is also
                required.

            	 	
              X

            	 
	
              6.04

            	
              Failure
                to Make a Required Distribution

            	
              X

            	 	 
	
              6.05

            	
              Securities
                Act Updating Disclosure

            	 	 	 
	
              If
                any material pool characteristic differs by 5% or more at the time
                of
                issuance of the securities from the description in the final prospectus,
                provide updated Reg AB disclosure about the actual asset
                pool.

            	 	
              X

            	 
	
              If
                there are any new servicers or originators required to be disclosed
                under
                Regulation AB as a result of the foregoing, provide the information
                called
                for in Items 1108 and 1110 respectively.

            	 	
              X

            	 
	
              7.01

            	
              Regulation
                FD Disclosure

            	
              X

            	
              X

            	 
	
              8.01

            	
              Other
                Events

            	 	 	 
	
              Any
                event, with respect to which information is not otherwise called
                for in
                Form 8-K, that the registrant deems of importance to security
                holders.

            	 	
              X

            	 
	
              9.01

            	
              Financial
                Statements and Exhibits

            	
              The
                Responsible Party applicable to reportable event.

            
	
              10-K

            	
              Must
                be filed within 90 days of the fiscal year end for the
                registrant.

            
	
              9B

            	
              Other
                Information

            	 	 	 
	 	 	
              Disclose
                any information required to be reported on Form 8-K during the fourth
                quarter covered by the Form 10-K but not reported

            	
              The
                Responsible Party for the applicable Form 8-K item as indicated
                above.

            
	 	
              15

            	
              Exhibits
                and Financial Statement Schedules

            	 	 	 
	
              Item
                1112(b) –Significant Obligor Financial
                Information

            	 	
              X

            	 
	
              Item
                1114(b)(2) – Credit Enhancement Provider Financial
                Information

            	 	 	 
	
              Determining
                applicable disclosure threshold

            	 	 	 
	
              Requesting
                required financial information or effecting incorporation by
                reference

            	 	 	 
	
              Item
                1115(b) – Derivative Counterparty Financial
                Information

            	 	 	 
	
              Determining
                current maximum probable exposure

            	 	
              X

            	 
	 	 	
              Determining
                current significance percentage

            	 	 	 
	
              Requesting
                required financial information or effecting incorporation by
                reference

            	 	 	 
	
              Item
                1117 – Legal proceedings pending against the following entities, or their
                respective property, that is material to Grantor Trust Certificateholders,
                including proceedings known to be contemplated by governmental
                authorities:

            	 	 	 
	
              Sponsor
                (Seller)

            	 	 	
              X

            
	
              Depositor

            	 	
              X

            	 
	
              Grantor
                Trust Trustee

            	
              X

            	 	 
	
              Issuing
                entity

            	 	
              X

            	 
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

            	
              N/A

            	 	 
	
              Securities
                Administrator

            	
              N/A

            	 	 
	
              Originator
                of 20% or more of pool assets as of the Cut-off Date

            	 	
              X

            	 
	
              Custodian

            	
              N/A

            	 	 
	
              Item
                1119 – Affiliations and relationships between the following entities, or
                their respective affiliates, that are material to Grantor Trust
                Certificateholders:

            	 	 	 
	
              Sponsor
                (Seller)

            	 	 	
              X

            
	
              Depositor

            	 	
              X

            	 
	
              Grantor
                Trust Trustee

            	 X	 	 
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

            	
              N/A

            	 	 
	
              Securities
                Administrator

            	
              N/A

            	 	 
	
              Originator

            	 	
              X

            	 
	
              Custodian

            	
              N/A

            	 	 
	
              Credit
                Enhancer/Support Provider

            	 	
              X

            	 
	
              Significant
                Obligor

            	 	
              X

            	 
	
              Item
                1122 – Assessment of Compliance with Servicing
                Criteria

            	
              X

            	 	 
	
              Item
                1123 – Servicer Compliance Statement

            	 	 	 

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

     

    ADDITIONAL
      DISCLOSURE NOTIFICATION

     

    Wells
      Fargo Bank, N.A. as Grantor Trust Trustee

    9062
      Old
      Annapolis Road

    Columbia,
      Maryland 21045

    Fax:
      (410) 715-2380

    E-mail:  cts.sec.notifications@wellsfargo.com

     

    Attn:  Client
      Manager - BSSP 2007-R6 - SEC REPORT PROCESSING

     

    RE:  **Additional
      Form [  ] Disclosure**Required

     

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 3.11 of the
      Grantor Trust Agreement, dated as of August 31, 2007, by and between Structured
      Asset Mortgage Investments II Inc., as depositor, and Wells Fargo Bank, N.A.,
      as
      grantor trust trustee.  The Undersigned, as
      [    ], hereby notifies you that certain events have come to
      our attention that [will][may] need to be disclosed on Form
      [   ].

     

    Description
      of Additional Form [   ] Disclosure:

    
 

     

    List
      of
      Any Attachments hereto to be included in the Additional Form [  ]
      Disclosure:

     

    Any
      inquiries related to this
      notification should be directed to [   ], phone
      number:  [   ]; email
      address:  [   ].

     

     

    
      	 	 	 	 [NAME
              OF PARTY]
	 	 	 	 as
              [role] 
	 	 	 	 
	 	 	 	 By:
              __________________
	 	 	 	 Name:
	 	 	 	 Title:
	 	 	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

      SCHEDULE
      A

     

    UNDERLYING
      SECURITIES

     

    

    
      	
              
                 

                Full
                  Name of Series

              

            	 	
              
                Initial
                  Principal Balance

              

            	 	 	
              
                Current
                  Principal Balance

              

            	 	 	
              
                
                

                Class
                  % in Trust

              

            	 
	
              Bear
                Stearns ALT-A Trust, Mortgage Pass-Through Certificates, Series
                2005-8,

              Class
                II-1A-1 Certificates

            	 	$	
              716,778,200.00

            	 	 	$	
              217,963,703.01

            	 	 	 	45.4503	%
	
              Bear
                Stearns ALT-A Trust, Mortgage Pass-Through Certificates, Series
                2005-9,

              Class
                II-3A-1 Certificates

            	 	$	
              151,019,300.00

            	 	 	$	
              99,211,238.12

            	 	 	 	100.00	%
	
              Bear
                Stearns ALT-A Trust, Mortgage Pass-Through Certificates, Series
                2005-10,

              Class
                II-5A-1 Certificates

            	 	$	
              259,783,000.00

            	 	 	$	
              95,879,190.76

            	 	 	 	56.9706	%
	
              Bear
                Stearns ALT-A Trust 2006-3, Mortgage Pass-Through Certificates, Series
                2006-3,

              Class
                II-3A-1 Certificates

            	 	$	
              304,609,000.00

            	 	 	$	
              20,019,851.20

            	 	 	 	11.7035	%
	
              Bear
                Stearns ALT-A Trust, Mortgage Pass-Through Certificates, Series
                2007-2,

              Class
                II-A-1 Certificates

            	 	$	
              241,692,000.00

            	 	 	$	
              84,525,921.66

            	 	 	 	37.5238	%
	
              Bear
                Stearns ARM Trust 2007-2, Mortgage-Backed Notes, Series
                2007-2,

              Class
                II-A-1 Notes

            	 	$	
              499,261,000.00

            	 	 	$	
              96,651,241.70

            	 	 	 	19.8816	%Unassociated Document

    

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

    Depositor

     

    CITIMORTGAGE,
      INC.

    Master
      Servicer and Trust Administrator

     

    CITIBANK,
      N.A.

    Paying
      Agent, Certificate Registrar and Authenticating Agent

     

    and

     

    U.S.
      BANK
      NATIONAL ASSOCIATION

    Trustee

     

    _________________________________________

    

    POOLING
      AND SERVICING AGREEMENT

    Dated
      as
      of April 1, 2007

    _________________________________________

     

    Mortgage
      Pass-Through Certificates

     

    Series
      2007-6

     

    

    TABLE
      OF CONTENTS

     

    

    
      	
              ARTICLE
                I

               

            
	
              DEFINITIONS

               

            
	
              SECTION
                1.01

            	
              Defined
                Terms.

            
	
              SECTION
                1.02

            	
              Allocation
                of Certain Interest Shortfalls.

            
	 
	
              ARTICLE
                II

               

            
	
              CONVEYANCE
                OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES

               

            
	
              SECTION
                2.01

            	
              Conveyance
                of Mortgage Loans.

            
	
              SECTION
                2.02

            	
              Acceptance
                of the Trust Fund by the Trustee.

            
	
              SECTION
                2.03

            	
              Repurchase
                or Substitution of Mortgage Loans by the Seller or the
                Depositor.

            
	
              SECTION
                2.04

            	
              Reserved.

            
	
              SECTION
                2.05

            	
              Representations,
                Warranties and Covenants of the Master Servicer.

            
	
              SECTION
                2.06

            	
              Issuance
                of the Certificates.

            
	
              SECTION
                2.07

            	
              Conveyance
                of the REMIC Regular Interests; Acceptance of the Trust REMICs by
                the
                Trustee.

            
	
              SECTION
                2.08

            	
              Authorization
                to Enter into the Interest Rate Cap Agreement

            
	 
	
              ARTICLE
                III

              ADMINISTRATION
                AND SERVICING OF THE MORTGAGE LOANS

               

            
	
              SECTION
                3.01

            	
              Master
                Servicer to Act as Master Servicer.

            
	
              SECTION
                3.02

            	
              Sub-Servicing
                Agreements Between the Master Servicer and
                Sub-Servicers.

            
	
              SECTION
                3.03

            	
              Successor
                Sub-Servicers.

            
	
              SECTION
                3.04

            	
              Liability
                of the Master Servicer.

            
	
              SECTION
                3.05

            	
              No
                Contractual Relationship Between Sub-Servicers and Trustee, Trust
                Administrator or Certificateholders.

            
	
              SECTION
                3.06

            	
              Assumption
                or Termination of Sub-Servicing Agreements by Trustee.

            
	
              SECTION
                3.07

            	
              Collection
                of Certain Mortgage Loan Payments.

            
	
              SECTION
                3.08

            	
              Sub-Servicing
                Accounts.

            
	
              SECTION
                3.09

            	
              Collection
                of Taxes, Assessments and Similar Items; Servicing
                Accounts.

            
	
              SECTION
                3.10

            	
              Collection
                Account and Distribution Account.

            
	
              SECTION
                3.11

            	
              Withdrawals
                from the Collection Account and Distribution Account.

            
	
              SECTION
                3.12

            	
              Investment
                of Funds in the Collection Account and the Distribution
                Account.

            
	
              SECTION
                3.13

            	
              Maintenance
                of the Primary Mortgage Insurance Policies; Collections
                Thereunder.

            
	
              SECTION
                3.14

            	
              Maintenance
                of Hazard Insurance and Errors and Omissions and Fidelity
                Coverage.

            
	
              SECTION
                3.15

            	
              Enforcement
                of Due-On-Sale Clauses; Assumption Agreements.

            
	
              SECTION
                3.16

            	
              Realization
                Upon Defaulted Mortgage Loans.

            
	
              SECTION
                3.17

            	
              Trustee
                to Cooperate; Release of Mortgage Files.

            
	
              SECTION
                3.18

            	
              Servicing
                Compensation.

            
	
              SECTION
                3.19

            	
              Reports
                to the Trust Administrator; Collection Account
                Statements.

            
	
              SECTION
                3.20

            	
              Statement
                as to Compliance.

            
	
              SECTION
                3.21

            	
              Assessments
                of Compliance and Attestation Reports.

            
	
              SECTION
                3.22

            	
              Access
                to Certain Documentation.

            
	
              SECTION
                3.23

            	
              Title,
                Management and Disposition of REO Property.

            
	
              SECTION
                3.24

            	
              Obligations
                of the Master Servicer in Respect of Prepayment Interest
                Shortfalls.

            
	
              SECTION
                3.25

            	
              Obligations
                of the Master Servicer in Respect of Monthly Payments.

            
	
              SECTION
                3.26

            	
              Floater
                Cap Carryover Account.

            
	
              SECTION
                3.27

            	
              Reserved.

            
	
              SECTION
                3.28

            	
              Reserved.

            
	
              SECTION
                3.29

            	
              Administration
                of Buydown Funds.

            
	 
	
              ARTICLE
                IV

              PAYMENTS
                TO CERTIFICATEHOLDERS

               

            
	
              SECTION
                4.01

            	
              Distributions.

            
	
              SECTION
                4.02

            	
              Statements
                to Certificateholders.

            
	
              SECTION
                4.03

            	
              Remittance
                Reports; P&I Advances.

            
	
              SECTION
                4.04

            	
              Allocation
                of Extraordinary Trust Fund Expenses and Realized
                Losses.

            
	
              SECTION
                4.05

            	
              Compliance
                with Withholding Requirements.

            
	
              SECTION
                4.06

            	
              Commission
                Reporting.

            
	
              SECTION
                4.07

            	
              Distributions
                and Allocations of Realized Losses on the REMIC Regular
                Interests.

            
	
              SECTION
                4.08

            	
              Cap
                Account

            
	
              SECTION
                4.09

            	
              Interest
                Rate Cap Collateral Account.

            
	 
	
              ARTICLE
                V

              THE
                CERTIFICATES

               

            
	
              SECTION
                5.01

            	
              The
                Certificates.

            
	
              SECTION
                5.02

            	
              Registration
                of Transfer and Exchange of Certificates.

            
	
              SECTION
                5.03

            	
              Mutilated,
                Destroyed, Lost or Stolen Certificates.

            
	
              SECTION
                5.04

            	
              Persons
                Deemed Owners.

            
	
              SECTION
                5.05

            	
              Certain
                Available Information.

            
	 
	
              ARTICLE
                VI

              THE
                DEPOSITOR AND THE MASTER SERVICER

               

            
	
              SECTION
                6.01

            	
              Liability
                of the Depositor and the Master Servicer.

            
	
              SECTION
                6.02

            	
              Merger
                or Consolidation of the Depositor or the Master
                Servicer.

            
	
              SECTION
                6.03

            	
              Limitation
                on Liability of the Depositor, the Master Servicer and
                Others.

            
	
              SECTION
                6.04

            	
              Limitation
                on Resignation of the Master Servicer.

            
	
              SECTION
                6.05

            	
              Rights
                of the Depositor in Respect of the Master Servicer.

            
	
              SECTION
                6.06

            	
              Duties
                of the Credit Risk Manager.

            
	
              SECTION
                6.07

            	
              Limitation
                Upon Liability of the Credit Risk Manager.

            
	
              SECTION
                6.08

            	
              Removal
                of the Credit Risk Manager.

            
	 
	
              ARTICLE
                VII

              DEFAULT

               

            
	
              SECTION
                7.01

            	
              Master
                Servicer Events of Default.

            
	
              SECTION
                7.02

            	
              Trustee
                to Act; Appointment of Successor.

            
	
              SECTION
                7.03

            	
              Notification
                to Certificateholders.

            
	
              SECTION
                7.04

            	
              Waiver
                of Master Servicer Events of Default.

            
	
              SECTION
                7.05

            	
              Interest
                Rate Cap Provider Event of Default

            
	 
	
              ARTICLE
                VIII

              CONCERNING
                THE TRUSTEE, THE TRUST ADMINISTRATOR, THE PAYING AGENT, THE CERTIFICATE
                REGISTRAR AND THE AUTHENTICATING AGENT

               

            
	
              SECTION
                8.01

            	
              Duties
                of Trustee, Trust Administrator and Others.

            
	
              SECTION
                8.02

            	
              Certain
                Matters Affecting the Trustee, the Trust Administrator and
                Others.

            
	
              SECTION
                8.03

            	
              Trustee,
                Trust Administrator and Others not Liable for Certificates or Mortgage
                Loans.

            
	
              SECTION
                8.04

            	
              Trustee,
                Trust Administrator and Others May Own Certificates.

            
	
              SECTION
                8.05

            	
              Trustee’s,
                Trust Administrator’s, Paying Agent’s, Authenticating Agent’s, Certificate
                Registrar’s and Custodian’s Fees and Expenses.

            
	
              SECTION
                8.06

            	
              Eligibility
                Requirements for Trustee and Trust Administrator.

            
	
              SECTION
                8.07

            	
              Resignation
                and Removal of the Trustee and the Trust Administrator.

            
	
              SECTION
                8.08

            	
              Successor
                Trustee or Trust Administrator.

            
	
              SECTION
                8.09

            	
              Merger
                or Consolidation of Trustee or Trust Administrator.

            
	
              SECTION
                8.10

            	
              Appointment
                of Co-Trustee or Separate Trustee.

            
	
              SECTION
                8.11

            	
              [intentionally
                omitted]

            
	
              SECTION
                8.12

            	
              Appointment
                of Office or Agency.

            
	
              SECTION
                8.13

            	
              Representations
                and Warranties.

            
	
              SECTION
                8.14

            	
              Appointment
                and Removal of Paying Agent, Authenticating Agent and Certificate
                Registrar.

            
	
              SECTION
                8.15

            	
              No
                Trustee Liability for Actions or Inactions of
                Custodians.

            
	 
	
              ARTICLE
                IX

              TERMINATION

               

            
	
              SECTION
                9.01

            	
              Termination
                Upon Repurchase or Liquidation of the Mortgage Loans.

            
	
              SECTION
                9.02

            	
              Additional
                Termination Requirements.

            
	 
	
              ARTICLE
                X

              REMIC
                PROVISIONS

               

            
	
              SECTION
                10.01

            	
              REMIC
                Administration.

            
	
              SECTION
                10.02

            	
              Prohibited
                Transactions and Activities.

            
	
              SECTION
                10.03

            	
              Master
                Servicer and Trust Administrator Indemnification.

            
	 
	
              ARTICLE
                XI

              MISCELLANEOUS
                PROVISIONS

               

            
	
              SECTION
                11.01

            	
              Amendment.

            
	
              SECTION
                11.02

            	
              Recordation
                of Agreement; Counterparts.

            
	
              SECTION
                11.03

            	
              Limitation
                on Rights of Certificateholders.

            
	
              SECTION
                11.04

            	
              Governing
                Law.

            
	
              SECTION
                11.05

            	
              Notices.

            
	
              SECTION
                11.06

            	
              Severability
                of Provisions.

            
	
              SECTION
                11.07

            	
              Notice
                to Rating Agencies.

            
	
              SECTION
                11.08

            	
              Article
                and Section References.

            
	
              SECTION
                11.09

            	
              Grant
                of Security Interest.

            
	
              SECTION
                11.10

            	
              Intention
                of the Parties and Interpretation.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBITS

     

    
      	
              Exhibit
                A-1

            	
              Form
                of Class 1-A1A Certificate

            
	
              Exhibit
                A-2

            	
              Form
                of Class 1-A1B Certificate

            
	
              Exhibit
                A-3

            	
              Form
                of Class 1-1IO

            
	
              Exhibit
                A-4

            	
              Form
                of Class 1-A2A Certificate

            
	
              Exhibit
                A-5

            	
              Form
                of Class 1-A3A Certificate

            
	
              Exhibit
                A-6

            	
              Form
                of Class 1-A23B Certificate

            
	
              Exhibit
                A-7

            	
              Form
                of Class 1-23IO Certificate

            
	
              Exhibit
                A-8

            	
              Form
                of Class 1-A4A Certificate

            
	
              Exhibit
                A-9

            	
              Form
                of Class 1-A4B Certificate

            
	
              Exhibit
                A-10

            	
              Form
                of Class 1-4IO Certificate

            
	
              Exhibit
                A-11

            	
              Form
                of Class 1-B1 Certificate

            
	
              Exhibit
                A-12

            	
              Form
                of Class 1-B2 Certificate

            
	
              Exhibit
                A-13

            	
              Form
                of Class 1-B3 Certificate

            
	
              Exhibit
                A-14

            	
              Form
                of Class 1-B4 Certificate

            
	
              Exhibit
                A-15

            	
              Form
                of Class 1-B5 Certificate

            
	
              Exhibit
                A-16

            	
              Form
                of Class 1-B6 Certificate

            
	
              Exhibit
                A-17

            	
              Form
                of Class I-P Certificate

            
	
              Exhibit
                A-18

            	
              Form
                of Class 1-R Certificate

            
	
              Exhibit
                A-19

            	
              Form
                of Class 2-A1 and Class 2-A4 Certificate

            
	
              Exhibit
                A-20

            	
              Form
                of Class 2-A2 and Class 2-A5 Certificate

            
	
              Exhibit
                A-21

            	
              Form
                of Class 2-A3 and Class 2-A6 Certificate

            
	
              Exhibit
                A-22

            	
              Form
                of Class 2-XS Certificate

            
	
              Exhibit
                A-23

            	
              Form
                of Class 2-PO Certificate

            
	
              Exhibit
                A-24

            	
              Form
                of Group 2 Subordinate Certificates

            
	
              Exhibit
                A-25

            	
              Form
                of Class 2-P Certificate

            
	
              Exhibit
                A-26

            	
              Form
                of Class 2-R Certificate

            
	
              Exhibit
                B

            	
              Form
                10-D, Form 8-K and Form 10-K Reporting Responsibility

            
	
              Exhibit
                C

            	
              Servicing
                Criteria to be Addressed in Assessment of Compliance

            
	
              Exhibit
                D

            	
              Form
                of Mortgage Loan Purchase Agreement

            
	
              Exhibit
                E

            	
              Request
                for Release

            
	
              Exhibit
                F-1

            	
              Form
                of Transferor Representation Letter and Form of Transferee Representation
                Letter in Connection with Transfer of the Private Certificates Pursuant
                to
                Rule 144A Under the 1933 Act

            
	
              Exhibit
                F-2

            	
              Form
                of Transfer Affidavit and Agreement and Form of Transferor Affidavit
                in
                Connection with Transfer of Residual Certificates

            
	
              Exhibit
                G

            	
              Form
                of Certification with respect to ERISA and the Code

            
	
              Exhibit
                H

            	
              Form
                of Master Servicer Certification

            
	
              Exhibit
                I

            	
              Form
                of Back-up Certification

            
	
              Exhibit
                J

            	
              Form
                of Interest Rate Cap Agreement

            
	 	 
	
              Schedule
                1

            	
              Mortgage
                Loan Schedule

            

    

    

    This
      Pooling and Servicing Agreement, is dated and effective as of April 1, 2007,
      among CITIGROUP MORTGAGE LOAN TRUST INC., as Depositor, CITIMORTGAGE, INC.,
      as
      Master Servicer and Trust Administrator, CITIBANK, N.A. as Paying Agent,
      Certificate Registrar and Authenticating Agent and U.S. BANK NATIONAL
      ASSOCIATION, as Trustee.

     

    PRELIMINARY
      STATEMENT:

     

    The
      Depositor intends to sell pass-through certificates to be issued hereunder
      in
      multiple classes, which in the aggregate will evidence the entire beneficial
      ownership interest in each REMIC (as defined herein) created hereunder. The
      Trust Fund will consist of a segregated pool of assets comprised of the Mortgage
      Loans and certain other related assets subject to this Agreement.

     

    REMIC
      I-A

     

    As
      provided herein, the Trust Administrator will elect to treat the segregated
      pool
      of assets consisting of the Group 1 Mortgage Loans and certain other related
      assets subject to this Agreement as a REMIC (as defined herein) for federal
      income tax purposes, and such segregated pool of assets will be designated
      as
“REMIC I-A”. The Class R-IA Residual Interest will be the sole class of
“residual interests” in REMIC I-A for purposes of the REMIC Provisions (as
      defined herein). The following table irrevocably sets forth the designation,
      the
      REMIC I-A Remittance Rate, the initial Uncertificated Balance and, for purposes
      of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest
      possible maturity date” for each of the REMIC I-A Regular Interests (as defined
      herein). None of the REMIC I-A Regular Interests will be
      certificated.

     

    
      	
              Designation

            	 	
              REMIC
                I-A

              Remittance
                Rate(2)

            	 	
              Initial
                Uncertificated Balance

            	 	
              Latest
                Possible Maturity Date(1)

            

    

    
      	
              LT-1A

            	 	
              Variable

            	 	
              $

            	
              703,736.73

            	 	
              March
                2037

            
	
              LT-1B

            	 	
              Variable

            	 	
              $

            	
              9,382,036.73

            	 	
              March
                2037

            
	
              LT-2A

            	 	
              Variable

            	 	
              $

            	
              2,080,268.76

            	 	
              March
                2037

            
	
              LT-2B

            	 	
              Variable

            	 	
              $

            	
              27,737,188.76

            	 	
              March
                2037

            
	
              LT-3A

            	 	
              Variable

            	 	
              $

            	
              2,780,648.76

            	 	
              March
                2037

            
	
              LT-3B

            	 	
              Variable

            	 	
              $

            	
              37,075,448.76

            	 	
              March
                2037

            
	
              LT-4A

            	 	
              Variable

            	 	
              $

            	
              666,439.56

            	 	
              March
                2037

            
	
              LT-4B

            	 	
              Variable

            	 	
              $

            	
              8,886,439.56

            	 	
              March
                2037

            
	
              LT-ZZ

            	 	
              Variable

            	 	
              $

            	
              741,498,730.39

            	 	
              March
                2037

            
	
              LT-P

            	 	
              Variable

            	 	
              $

            	
              100.00

            	 	
              March
                2037

            
	
              LT-R

            	 	
              Variable

            	 	
              $

            	
              100.06

            	 	
              March
                2037

            

    

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                the
                Distribution Date immediately following the maturity date for the
                Group 1
                Mortgage Loan with the latest maturity date has been designated as
                the
                “latest possible maturity date” for each REMIC I-A Regular
                Interest.

            

    

     

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “REMIC I-A Remittance Rate”
                herein.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    REMIC
      I-B

     

    As
      provided herein, the Trust Administrator will elect to treat the segregated
      pool
      of assets consisting of the REMIC I-A Regular Interests subject to this
      Agreement as a REMIC (as defined herein) for federal income tax purposes, and
      such segregated pool of assets will be designated as “REMIC I-B”. The Class R-IB
      Residual Interest will be the sole class of “residual interests” in REMIC I-B
      for purposes of the REMIC Provisions (as defined herein). The following table
      irrevocably sets forth the designation, the REMIC I-B Remittance Rate, the
      initial Uncertificated Balance and, for purposes of satisfying Treasury
      regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
      each of the REMIC I-B Regular Interests (as defined herein). None of the REMIC
      I-B Regular Interests will be certificated.

     

    
      	
              
                 

                Designation

              

            	 	
              
                 

                REMIC
                  I-B Remittance Rate(2)

              

            	
              
                 

                Initial
                  Uncertificated Balance

              

            	 	
              
                 

                Latest
                  Possible Maturity Date(1)

              

            
	
              LT-I-A1A

            	 	
              Variable

            	
              $

            	
              79,746,000.00

            	 	 	
              March
                2037

            
	
              LT-I-A1B

            	 	
              Variable

            	
              $

            	
              7,037,000.00

            	 	 	
              March
                2037

            
	
              LT-I-A2A

            	 	
              Variable

            	
              $

            	
              235,766,000.00

            	 	 	
              March
                2037

            
	
              LT-I-A3A

            	 	
              Variable

            	
              $

            	
              315,141,000.00

            	 	 	
              March
                2037

            
	
              LT-I-A2B

            	 	
              Variable

            	
              $

            	
              20,803,000.00

            	 	 	
              March
                2037

            
	
              LT-I-A3B

            	 	
              Variable

            	
              $

            	
              27,807,000.00

            	 	 	
              March
                2037

            
	
              LT-I-A4A

            	 	
              Variable

            	
              $

            	
              75,535,000.00

            	 	 	
              March
                2037

            
	
              LT-I-A4B

            	 	
              Variable

            	
              $

            	
              6,665,000.00

            	 	 	
              March
                2037

            
	
              LT-I-R

            	 	
              Variable

            	
              $

            	
              100.06

            	 	 	
              March
                2037

            
	
              LT-I-P

            	 	
              Variable

            	
              $

            	
              100.00

            	 	 	
              March
                2037

            
	
              LT-I-B1

            	 	
              Variable

            	
              $

            	
              24,094,000.00

            	 	 	
              March
                2037

            
	
              LT-I-B2

            	 	
              Variable

            	
              $

            	
              12,462,000.00

            	 	 	
              March
                2037

            
	
              LT-I-B3

            	 	
              Variable

            	
              $

            	
              7,477,000.00

            	 	 	
              March
                2037

            
	
              LT-I-B4

            	 	
              Variable

            	
              $

            	
              9,970,000.00

            	 	 	
              March
                2037

            
	
              LT-I-B5

            	 	
              Variable

            	
              $

            	
              4,569,000.00

            	 	 	
              March
                2037

            
	
              LT-I-B6

            	 	
              Variable

            	
              $

            	
              3,738,938.00

            	 	 	
              March
                2037

            

    

    

     

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                the
                Distribution Date immediately following the maturity date for the
                Group 1
                Mortgage Loan with the latest maturity date has been designated as
                the
                “latest possible maturity date” for each Class of
                Certificates.

            

    

     

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “REMIC I-B Remittance Rate”
                herein.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    REMIC
      I-C

     

    As
      provided herein, the Trust Administrator will elect to treat the segregated
      pool
      of assets consisting of the REMIC I-B Regular Interests subject to this
      Agreement as a REMIC (as defined herein) for federal income tax purposes, and
      such segregated pool of assets will be designated as “REMIC I-C”. The Class R-IC
      Residual Interest will be the sole class of “residual interests” in REMIC I-C
      for purposes of the REMIC Provisions (as defined herein). The following table
      irrevocably sets forth the designation, the Pass-Through Rate, the Initial
      Certificate Principal Balance and, for purposes of satisfying Treasury
      regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
      each of the Classes of Certificates or Components thereof that evidence the
      “regular interests” or “residual interest” in REMIC I-C.

     

    
      	
              Designation

            	 	
              Pass-Through

              Rate(2)

            	 	
              Initial
                Aggregate

              Certificate
                Principal Balance

            	 	
              Latest
                Possible

              Maturity
                Date(1)

            

    

    
      	
              Class
                1-A1A

            	 	
              Variable

            	 	
              $

            	
              79,746,000.00

            	 	
              March
                2037

            
	
              Class
                1-A1B

            	 	
              Variable

            	 	
              $

            	
              7,037,000.00

            	 	
              March
                2037

            
	
              Class
                1-1IO

            	 	
              Variable

            	 	
              $

            	
              (5)

            	 	
              March
                2037

            
	
              Class
                1-A2A

            	 	
              Variable

            	 	
              $

            	
              235,766,000.00

            	 	
              March
                2037

            
	
              Class
                1-A3A

            	 	
              Variable

            	 	
              $

            	
              315,141,000.00

            	 	
              March
                2037

            
	
              Class
                1-A23B

            	 	
              Variable

            	 	
              $

            	
              48,610,000.00
                (3)

            	 	
              March
                2037

            
	
              Class
                1-23IO

            	 	
              Variable

            	 	
              $

            	
              (4)(5)

            	 	
              March
                2037

            
	
              Class
                1-A4A

            	 	
              Variable

            	 	
              $

            	
              75,535,000.00

            	 	
              March
                2037

            
	
              Class
                1-A4B

            	 	
              Variable

            	 	
              $

            	
              6,665,000.00

            	 	
              March
                2037

            
	
              Class
                1-4IO

            	 	
              Variable

            	 	
              $

            	
              (5)

            	 	
              March
                2037

            
	
              Class
                1-R

            	 	
              Variable

            	 	
              $

            	
              100.06

            	 	
              March
                2037

            
	
              Class
                1-P

            	 	
              Variable

            	 	
              $

            	
              100.00

            	 	
              March
                2037

            
	
              Class
                1-B1

            	 	
              Variable

            	 	
              $

            	
              24,094,000.00

            	 	
              March
                2037

            
	
              Class
                1-B2

            	 	
              Variable

            	 	
              $

            	
              12,462,000.00

            	 	
              March
                2037

            
	
              Class
                1-B3

            	 	
              Variable

            	 	
              $

            	
              7,477,000.00

            	 	
              March
                2037

            
	
              Class
                1-B4

            	 	
              Variable

            	 	
              $

            	
              9,970,000.00

            	 	
              March
                2037

            
	
              Class
                1-B5

            	 	
              Variable

            	 	
              $

            	
              4,569,000.00

            	 	
              March
                2037

            
	
              Class
                1-B6

            	 	
              Variable

            	 	
              $

            	
              3,738,938.00

            	 	
              March
                2037

            

    

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                the
                Distribution Date immediately following the maturity date for the
                Group 1
                Mortgage Loan with the latest maturity date has been designated as
                the
                “latest possible maturity date” for each Class of
                Certificates.

            

    

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “Pass-Through Rate”
                herein.

            

    

    
      	
              (3)

            	
              The
                1-A2B Component and the 1-A3B Component shall be
                uncertificated.  The Class 1-A23B Certificates shall represent
                ownership of the 1-A2B Component and the 1-A3B Component, and the
                initial
                Certificate Principal Balance of the Class 1-A23B Certificates shall
                equal
                $48,610,000.00, which is the sum of the Component Principal Balances
                of
                the 1-A2B Component and the 1-A3B
                Component.

            

    

    
      	
              (4)

            	
              The
                1-2IO Component and the 1-3IO Component shall be
                uncertificated.  The Class 1-23IO Certificates shall represent
                ownership of the 1-2IO Component and the 1-3IO Component, and the
                initial
                Notional Amount of the Class 1-23IO Certificates shall equal the
                sum of
                the Component Notional Amounts of the 1-2IO Component and the 1-3IO
                Component.

            

    

    
      	
              (5)

            	
              The
                Class 1-1IO Certificates, the
                1-2IO Component, the 1-3IO Component, the Class 1-23IO
                Certificates  and the Class 1-4IO Certificates will not have a
                Certificate Principal Balance or a Component Principal Balance, as
                the
                case may be, but will accrue interest at the Pass-Through Rate for
                such
                Component or Class on the Component Notional Amount or Notional Amount
                thereof, as the case may be, determined as set forth
                herein.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    REMIC
      II-A

     

    As
      provided herein, the Trust Administrator will elect to treat the segregated
      pool
      of assets consisting of the Group 2 Mortgage Loans and certain other related
      assets subject to this Agreement as a REMIC (as defined herein) for federal
      income tax purposes, and such segregated pool of assets will be designated
      as
“REMIC II-A”. The Class R-IIA Residual Interest will be the sole class of
“residual interests” in REMIC II-A for purposes of the REMIC Provisions (as
      defined herein). The following table irrevocably sets forth the designation,
      the
      REMIC II-A Remittance Rate, the initial Uncertificated Balance and, for purposes
      of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest
      possible maturity date” for each of the REMIC II-A Regular Interests (as defined
      herein). None of the REMIC II-A Regular Interests will be
      certificated.

     

    

    
      	
              Designation

            	 	
              REMIC
                II-A Remittance Rate(2)

            	 	
              Initial
                Uncertificated Balance

            	 	
              Latest
                Possible Maturity Date(1)

            

    

    
      	
              LT-2-1A

            	 	
              Variable

            	 	
              $

            	
              11,583.13

            	 	
              May
                2037

            
	
              LT-2-1B

            	 	
              Variable

            	 	
              $

            	
              146,330,545.10

            	 	
              May
                2037

            
	
              LT-2-2A

            	 	
              Variable

            	 	
              $

            	
              6,782.43

            	 	
              May
                2037

            
	
              LT-2-2B

            	 	
              Variable

            	 	
              $

            	
              87,501,646.34

            	 	
              May
                2037

            
	
              LT-2-R

            	 	
              Variable

            	 	
              $

            	
              101.76

            	 	
              May
                2037

            
	
              LT-2-P

            	 	
              Variable

            	 	
              $

            	
              100.00

            	 	
              May
                2037

            
	
              LT-XS1

            	 	
              Variable

            	 	
              $

            	
              (3)

            	 	
              May
                2037

            
	
              LT-PO1

            	 	
              Variable

            	 	
              $

            	
              3,112,852.00

            	 	
              May
                2037

            

    

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                the
                Distribution Date immediately following the maturity date for the
                Group 2
                Mortgage Loan with the latest maturity date has been designated as
                the
                “latest possible maturity date” for each REMIC II-A Regular
                Interest.

            

    

    

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “REMIC II-A Remittance Rate”
                herein.

            

    

    

    
      	
              (3)

            	
              REMIC
                II-A Regular Interest LT-XS1 will not have an Uncertificated Balance,
                but
                will be entitled to 100% of amounts distributed in respect of REMIC
                II-A
                Regular Interest LT-XS1.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    REMIC
      II-B

     

    As
      provided herein, the Trust Administrator will elect to treat the segregated
      pool
      of assets consisting of the REMIC II-A Regular Interests subject to this
      Agreement as a REMIC (as defined herein) for federal income tax purposes, and
      such segregated pool of assets will be designated as “REMIC II-B”. The Class
      R-IIB Residual Interest will be the sole class of “residual interests” in REMIC
      II-B for purposes of the REMIC Provisions (as defined herein). The following
      table irrevocably sets forth the designation, the REMIC II-B Remittance Rate,
      the initial Uncertificated Balance and, for purposes of satisfying Treasury
      regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
      each of the REMIC II-B Regular Interests (as defined herein). None of the REMIC
      II-B Regular Interests will be certificated.

     

    
      	
              
                 

                Designation

              

            	 	
              
                 

                REMIC
                  II-B Remittance Rate(2)

              

            	
              
                 

                Initial
                  Uncertificated Balance

              

            	 	
              
                 

                Latest
                  Possible Maturity Date(1)

              

            

    

    
      	
              LT-2-A1

            	 	
              Variable

            	
              $

            	
              131,472,000.00

            	 	 	
              May
                2037

            
	
              LT-2-A3

            	 	
              Variable

            	
              $

            	
              3,287,000.00

            	 	 	
              May
                2037

            
	
              LT-2-A4

            	 	
              Variable

            	
              $

            	
              78,757,000.00

            	 	 	
              May
                2037

            
	
              LT-2-A6

            	 	
              Variable

            	
              $

            	
              1,969,000.00

            	 	 	
              May
                2037

            
	
              2LT-R

            	 	
              Variable

            	
              $

            	
              101.76

            	 	 	
              May
                2037

            
	
              2LT-P

            	 	
              Variable

            	
              $

            	
              100.00

            	 	 	
              May
                2037

            
	
              LT-XS1

            	 	
              Variable

            	
              $

            	
              (3)

            	 	 	
              May
                2037

            
	
              LT-PO1

            	 	
              Variable

            	
              $

            	
              3,112,852.00

            	 	 	
              May
                2037

            
	
              LT-2-B1

            	 	
              Variable

            	
              $

            	
              7,109,000.00

            	 	 	
              May
                2037

            
	
              LT-2-B2

            	 	
              Variable

            	
              $

            	
              3,673,000.00

            	 	 	
              May
                2037

            
	
              LT-2-B3

            	 	
              Variable

            	
              $

            	
              2,251,000.00

            	 	 	
              May
                2037

            
	
              LT-2-B4

            	 	
              Variable

            	
              $

            	
              2,370,000.00

            	 	 	
              May
                2037

            
	
              LT-2-B5

            	 	
              Variable

            	
              $

            	
              1,777,000.00

            	 	 	
              May
                2037

            
	
              LT-2-B6

            	 	
              Variable

            	
              $

            	
              1,185,557.00

            	 	 	
              May
                2037

            

    

    

     

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                the
                Distribution Date immediately following the maturity date for the
                Group 2
                Mortgage Loan with the latest maturity date has been designated as
                the
                “latest possible maturity date” for each Class of
                Certificates.

            

    

     

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “REMIC II-B Remittance Rate”
                herein.

            

    

    

    
      	
              (3)

            	
              REMIC
                II-B Regular Interest LT-XS1 will not have an Uncertificated Balance,
                but
                will accrue interest at the REMIC II-B Remittance Rate for such REMIC
                II-B
                Regular Interest on the Uncertificated Notional Amount thereof, determined
                as set forth herein.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    REMIC
      II-C

     

    As
      provided herein, the Trust Administrator will elect to treat the segregated
      pool
      of assets consisting of the REMIC II-B Regular Interests subject to this
      Agreement as a REMIC (as defined herein) for federal income tax purposes, and
      such segregated pool of assets will be designated as “REMIC II-C”. The Class
      R-IIC Residual Interest will be the sole class of “residual interests” in REMIC
      II-C for purposes of the REMIC Provisions (as defined herein). The following
      table irrevocably sets forth the designation, the Pass-Through Rate, the Initial
      Certificate Principal Balance and, for purposes of satisfying Treasury
      regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
      each of the Classes of Certificates or Components thereof that evidence the
      “regular interests” or “residual interest” in REMIC II-C.

     

    
      	
              Designation

            	 	
              Pass-Through

              Rate(2)

            	 	
              Initial
                Aggregate

              Certificate
                Principal Balance

            	 	
              Latest
                Possible

              Maturity
                Date(1)

            

    

    
      	
              Class
                2-A1

            	 	
              Variable

            	 	
              $

            	
              131,472,000.00

            	 	
              May
                2037

            
	
              Class
                2-A2

            	 	
              Variable

            	 	
              $

            	
              (3)

            	 	
              May
                2037

            
	
              Class
                2-A3

            	 	
              6.50%

            	 	
              $

            	
              3,287,000.00

            	 	
              May
                2037

            
	
              Class
                2-A4

            	 	
              Variable

            	 	
              $

            	
              78,757,000.00

            	 	
              May
                2037

            
	
              Class
                2-A5

            	 	
              Variable

            	 	
              $

            	
              (3)

            	 	
              May
                2037

            
	
              Class
                2-A6

            	 	
              7.00%

            	 	
              $

            	
              1,969,000.00

            	 	
              May
                2037

            
	
              Class
                2-R

            	 	
              6.50%

            	 	
              $

            	
              101.76

            	 	
              May
                2037

            
	
              Class
                2-P

            	 	
              Variable

            	 	
              $

            	
              100.00

            	 	
              May
                2037

            
	
              Class
                2-XS

            	 	
              6.50%

            	 	
              $

            	
              (3)

            	 	
              May
                2037

            
	
              Class
                2-PO

            	 	
              0.00%(4)

            	 	
              $

            	
              3,112,852.00

            	 	
              May
                2037

            
	
              Class
                2-B1

            	 	
              Variable

            	 	
              $

            	
              7,109,000.00

            	 	
              May
                2037

            
	
              Class
                2-B2

            	 	
              Variable

            	 	
              $

            	
              3,673,000.00

            	 	
              May
                2037

            
	
              Class
                2-B3

            	 	
              Variable

            	 	
              $

            	
              2,251,000.00

            	 	
              May
                2037

            
	
              Class
                2-B4

            	 	
              Variable

            	 	
              $

            	
              2,370,000.00

            	 	
              May
                2037

            
	
              Class
                2-B5

            	 	
              Variable

            	 	
              $

            	
              1,777,000.00

            	 	
              May
                2037

            
	
              Class
                2-B6

            	 	
              Variable

            	 	
              $

            	
              1,185,557.00

            	 	
              May
                2037

            

    

    

    
      	
              (1)

            	
              For
                purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                the
                Distribution Date immediately following the maturity date for the
                Group 2
                Mortgage Loan with the latest maturity date has been designated as
                the
                “latest possible maturity date” for each Class of
                Certificates.

            

    

    
      	
              (2)

            	
              Calculated
                in accordance with the definition of “Pass-Through Rate”
                herein.

            

    

    
      	
              (3)

            	
              These
                classes of certificates are interest only certificates and shall
                not have
                certificate principal balances. These certificates shall accrue interest
                on the notional amount thereof.  The notional amount of each of
                these classes of certificates will be calculated for each distribution
                date as described herein.

            

    

     

    
      	
              (4)

            	
              These
                classes of certificates are principal only certificates and will
                not have
                a pass-through rate or accrue
                interest.

            

    

    
 

    As
      of the
      Cut-off Date, the Group 1 Mortgage Loans had an aggregate Scheduled Principal
      Balance equal to $830,811,138.06. As of the Cut-off Date, the Group 1-1 Mortgage
      Loans had an aggregate Scheduled Principal Balance equal to
      $93,820,367.25.  As of the Cut-off Date, the Group 1-2 Mortgage Loans
      had an aggregate Scheduled Principal Balance equal to
      $277,371,887.62.  As of the Cut-off Date, the Group 1-3 Mortgage Loans
      had an aggregate Scheduled Principal Balance equal to
      $370,754,487.63.  As of the Cut-off Date, the Group 1-4 Mortgage Loans
      had an aggregate Scheduled Principal Balance equal to $88,864,395.56. As of
      the
      Cut-off Date, the Group 2 Mortgage Loans had an aggregate Scheduled Principal
      Balance equal to $236,963,610.76.  As of the Cut-off Date, the Group 2
      Mortgage Loans and Group 2 Mortgage Loan Components in Subgroup 2-1 had an
      aggregate Scheduled Principal Balance equal to $ 149,455,181.99.  As
      of the Cut-off Date, the Group 2 Mortgage Loans and Group 2 Mortgage Loan
      Components in Subgroup 2-2 had an aggregate Scheduled Principal Balance equal
      to
      $87,508,428.77.

     

    In
      consideration of the mutual agreements herein contained, the Depositor, the
      Master Servicer, the Trust Administrator, the Paying Agent, the Authenticating
      Agent, the Certificate Registrar and the Trustee agree as follows:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      I

     

    DEFINITIONS

     

    
      	
              SECTION
                1.01  

            	
              Defined
                Terms.

            

    

     

    Whenever
      used in this Agreement, including, without limitation, in the Preliminary
      Statement hereto, the following words and phrases, unless the context otherwise
      requires, shall have the meanings specified in this Article. Unless otherwise
      specified, all calculations described herein shall be made on the basis of
      a
      360-day year consisting of twelve 30-day months.

     

    “Adjustable-Rate
      Mortgage Loan”:  Each Group 1 Mortgage Loan.

     

    “Adjustment
      Amount”: With respect to each Collateral Pool and each anniversary of the
      Cut-off Date, an amount equal to the greatest of (i) 1.00% multiplied by the
      aggregate outstanding principal balance of the related Mortgage Loans, (ii)
      the
      aggregate outstanding principal balance of the related Mortgage Loans secured
      by
      Mortgaged Properties located in the California postal zip code area in which
      the
      highest percentage of related Mortgage Loans based on outstanding principal
      balance are located and (iii) two times the outstanding principal balance of
      the
      related Mortgage Loan having the largest outstanding principal balance, in
      each
      case as of such anniversary of the Cut-off Date.

     

    “Adjustment
      Date”: With respect to each Adjustable-Rate Mortgage Loan, the first day of the
      month in which the Mortgage Rate of a Mortgage Loan changes pursuant to the
      related Mortgage Note. The first Adjustment Date following the Cut-off Date
      as
      to each Mortgage Loan is set forth in the Mortgage Loan Schedule.

     

     “Affiliate”:
      With respect to any specified Person, any other Person controlling or controlled
      by or under common control with such specified Person. For the purposes of
      this
      definition, “control” when used with respect to any specified Person means the
      power to direct the management and policies of such Person, directly or
      indirectly, whether through the ownership of voting securities, by contract
      or
      otherwise and the terms “controlling” and “controlled” have meanings correlative
      to the foregoing.

     

    “Aggregate
      Senior Percentage”:  With respect to any Distribution Date and the
      Group 1 Senior Certificates, the lesser of (a) 100% and (b) a fraction,
      expressed as a percentage, the numerator of which is the aggregate Certificate
      Principal Balance of the Group 1 Senior Certificates for such Distribution
      Date
      and the denominator of which is the sum of (i) the aggregate Scheduled Principal
      Balance of the Group 1 Mortgage Loans as of the first day of the related Due
      Period, plus (ii) the aggregate Scheduled Principal Balance of the REO
      Properties in Collateral Pool 1.

     

    With
      respect to any Distribution Date and the Group 2 Senior Certificates, the lesser
      of (a) 100% and (b) a fraction, expressed as a percentage, the numerator of
      which is the aggregate Certificate Principal Balance of the Group 2 Senior
      Certificates for such Distribution Date and the denominator of which is the
      sum
      of (i) the aggregate Non-PO Percentage of the Scheduled Principal Balance of
      the
      Group 2 Mortgage Loans as of the first day of the related Due Period, plus
      (ii)
      the aggregate Non-PO Percentage of the Scheduled Principal Balance of the REO
      Properties in Collateral Pool 2.

     

    “Aggregate
      Subordinate Percentage”:  With respect to any Distribution Date and
      the Group 1 Subordinate Certificates, 100% minus the related Aggregate Senior
      Percentage for such Distribution Date.  With respect to any
      Distribution Date and the Group 2 Subordinate Certificates, 100% minus the
      related Aggregate Senior Percentage for such Distribution Date.

     

    “Agreement”:
      This Pooling and Servicing Agreement and all amendments hereof and supplements
      hereto.

     

    “American
      Home”: American Home Mortgage Corp., or its successor in interest.

     

    “American
      Home Mortgage Loans”: The Mortgage Loans originated by American Home and
      serviced by Wells Fargo pursuant to the Initial Sub-Servicing Agreement to
      which
      it is a party.

     

    “American
      Mortgage”: American Mortgage Ex, or its successors in interest.

     

    “American
      Mortgage Mortgage Loans”: The Mortgage Loans originated by American Mortgage and
      serviced by CitiMortgage pursuant to the Initial Sub-Servicing Agreement to
      which it is a party.

     

    “Applicable
      Fraction”: For each Group 2 Mortgage Loan that is not
      a  Group 2 Component Mortgage Loan, 100%. For each Group 2 Mortgage
      Loan that is a Group 2 Component Mortgage Loan, the fraction (expressed as
      a
      percentage) calculated as follows:

     

    (i)           for
      Subgroup 2-1, a fraction the numerator of which is (x) 7.000% less the
      applicable Expense Adjusted Mortgage Rate on such Mortgage Loan and the
      denominator of which is (y) 0.500%; and

     

    (ii)           for
      Subgroup 2-2, 100.00% less a fraction the numerator of which is (x) 7.000%
      less
      the applicable Expense Adjusted Mortgage Rate on such Mortgage Loan and the
      denominator of which is (y) 0.500%.

     

     “Assignment”:
      An assignment of Mortgage, notice of transfer or equivalent instrument, in
      recordable form, which is sufficient under the laws of the jurisdiction wherein
      the related Mortgaged Property is located to reflect the record of sale of
      the
      Mortgage.

     

    “Available
      Distribution Amount”: With respect to any Loan Group within Collateral Pool 1
      and a Distribution Date, the related Group 1 Available Distribution Amount
      for
      such Distribution Date. With respect to any Subgroup within Collateral Pool
      2
      and a Distribution Date, the related Group 2 Available Distribution Amount
      for
      such Distribution Date.

     

    “Authenticating
      Agent”: Citibank, or its successor in interest, or any successor authenticating
      agent appointed as herein provided.

     

    “Back-up
      Certification”:  If the Master Servicer is not an affiliate of the
      Trust Administrator, a written certification, substantially in the form attached
      hereto as Exhibit I, signed by an officer of the Trust
      Administrator.

     

    “Bankruptcy
      Amount”: As of any date of determination, with respect to Collateral Pool 1, an
      amount equal to the excess, if any, of (A) $309,722 over (B) the aggregate
      amount of Bankruptcy Losses allocated solely to the related Subordinate
      Certificates in accordance with Section 4.04.  As of any date of
      determination, with respect to Collateral Pool 2, an amount equal to the excess,
      if any, of (A) $112,054 over (B) the aggregate amount of Bankruptcy Losses
      allocated solely to the related Subordinate Certificates in accordance with
      Section 4.04.

     

    “Bankruptcy
      Code”: The Bankruptcy Reform Act of 1978 (Title 11 of the United States Code),
      as amended.

     

    “Bankruptcy
      Loss”: With respect to any Mortgage Loan, a Realized Loss resulting from a
      Deficient Valuation or Debt Service Reduction.

     

    “Book-Entry
      Certificate”: Any Certificate registered in the name of the Depository or its
      nominee. Initially, the Book-Entry Certificates will be all Classes of the
      Certificates other than the Class P Certificates and the Residual
      Certificates.

     

    “Book-Entry
      Custodian”: The custodian appointed pursuant to Section 5.01.

     

    “Buydown
      Account”: The custodial account or accounts created and maintained pursuant to
      Section 3.28.

     

     “Buydown
      Agreement”: An agreement between the applicable originator and a Mortgagor, or
      an agreement among such originator, a Mortgagor and an employer of a relocated
      Mortgagor which, in each case, provides for the application of Buydown
      Funds.

     

    “Buydown
      Funds”: In respect of any Buydown Mortgage Loan, any amount contributed by the
      related originator or the employer of a relocated borrower in order to enable
      the Mortgagor to reduce the payments required to be made from the Mortgagor’s
      funds during the Buydown Period. The Buydown Funds are not part of the Trust
      Fund prior to deposit into the Collection Account or the Distribution
      Account.

     

    “Buydown
      Mortgage Loan”: Any Mortgage Loan in respect of which, pursuant to a Buydown
      Agreement, (i) the Mortgagor pays less than the full monthly payment specified
      in the Mortgage Note during the Buydown Period and (ii) the difference between
      the payments required under such Buydown Agreement and the Mortgage Note is
      paid
      from the related Buydown Funds.

     

    “Buydown
      Period”: The period during which Buydown Funds are required to be applied to the
      related Buydown Mortgage Loans as provided in Section 3.28.

     

     “Business
      Day”: Any day other than a Saturday, a Sunday or a day on which banking or
      savings and loan institutions in the State of New York, each state in which
      any
      Initial Sub-Servicer conducts its business, the State of Missouri, the State
      of
      Texas or the city in which the Corporate Trust Office of the Trustee or the
      Corporate Trust Office of the Paying Agent is located are authorized or
      obligated by law or executive order to be closed.

     

    “Cap
      Account”:  The account or accounts created and maintained pursuant to
      Section 4.08.  The Cap Account must be an Eligible
      Account.

     

    “Cap
      Administration Agreement”: The cap administration agreement, dated as of April
      30, 2007 among the Cap Trustee, the Trust Administrator and Citigroup Global
      Markets Realty Corp.

    

    “Cap
      Administrator”: Citibank, N.A.

     

     “Cap
      Trust”: The cap trust established by the Cap Administration Agreement whereby
      the Cap Trustee shall deposit the
      Interest Rate Cap Agreement.  The cap trust shall be maintained by the
      Cap Trustee and administered on its behalf by the Cap
      Administrator.  The sole assets of the cap trust shall be the Interest
      Rate Cap Agreement and the Cap Trust Account.

     

    “Cap
      Trustee”:  Citibank, N.A.

     

    “Cash-out
      Refinancing”: A Refinanced Mortgage Loan the proceeds of which were in excess of
      the principal balance of any existing first mortgage on the related Mortgaged
      Property and related closing costs, and were used to pay any such existing
      first
      mortgage, related closing costs and subordinate mortgages on the related
      Mortgaged Property.

     

    “Cenlar”:
      Cenlar FSB, or its successor in interest.

     

    “Certificate”:
      Any one of the Citigroup Mortgage Loan Trust Inc., Mortgage Pass-Through
      Certificates, Series 2007-6, issued under this Agreement.

     

    “Certificate
      Factor”: With respect to any Class of Certificates as of any Distribution Date,
      a fraction, expressed as a decimal carried to six places, the numerator of
      which
      is the aggregate Certificate Principal Balance or Notional Amount of such Class
      of Certificates on such Distribution Date (after giving effect to any
      distributions of principal and allocations of Realized Losses and Extraordinary
      Trust Fund Expenses in reduction of the Certificate Principal Balance or
      Notional Amount of such Class of Certificates to be made on such Distribution
      Date), and the denominator of which is the initial aggregate Certificate
      Principal Balance or Notional Amount of such Class of Certificates as of the
      Closing Date.

     

    “Certificateholder”
      or “Holder”: The Person in whose name a Certificate is registered in the
      Certificate Register, except that a Disqualified Organization or a Non-United
      States Person shall not be a Holder of a Residual Certificate for any purposes
      hereof and, solely for the purposes of giving any consent pursuant to this
      Agreement, any Certificate registered in the name of the Depositor or the Master
      Servicer or any Affiliate thereof shall be deemed not to be outstanding and
      the
      Voting Rights to which it is entitled shall not be taken into account in
      determining whether the requisite percentage of Voting Rights necessary to
      effect any such consent has been obtained, except as otherwise provided in
      Section 11.01. The Trustee and the Trust Administrator may conclusively rely
      upon a certificate of the Depositor or the Master Servicer in determining
      whether a Certificate is held by an Affiliate thereof. All references herein
      to
“Holders” or “Certificateholders” shall reflect the rights of Certificate Owners
      as they may indirectly exercise such rights through the Depository and
      participating members thereof, except as otherwise specified herein; provided,
      however, that the Trustee and the Trust Administrator shall be required to
      recognize as a “Holder” or “Certificateholder” only the Person in whose name a
      Certificate is registered in the Certificate Register.  Where the
      context requires, “Holder” or “Certificateholder,” when used in reference to a
      Component, means the holder of the Class of Certificates of which such Component
      is a Component.

     

    “Certificate
      Owner”: With respect to a Book-Entry Certificate, the Person who is the
      beneficial owner of such Certificate as reflected on the books of the Depository
      or on the books of a Depository Participant or on the books of an indirect
      participating brokerage firm for which a Depository Participant acts as
      agent.

     

    “Certificate
      Principal Balance”: With respect to any Certificate (other than an Interest Only
      Certificate) as of any date of determination, the Certificate Principal Balance
      of such Certificate on the Distribution Date immediately prior to such date
      of
      determination plus any Subsequent Recoveries added to the Certificate Principal
      Balance of such Certificate pursuant to Section 4.01, reduced by the aggregate
      of (a) all distributions of principal made thereon on such immediately prior
      Distribution Date and (b) without duplication of amounts described in clause
      (a)
      above, reductions in the Certificate Principal Balance thereof in connection
      with allocations thereto of Realized Losses on the Mortgage Loans and
      Extraordinary Trust Fund Expenses on such immediately prior Distribution Date
      (or, in the case of any date of determination up to and including the initial
      Distribution Date, the initial Certificate Principal Balance of such
      Certificate, as stated on the face thereof). The Certificate Principal Balance
      of any Class of Certificates (other than any Class of Interest Only
      Certificates) as of any date of determination is equal to the aggregate of
      the
      Certificate Principal Balances of the Certificates of such Class.
      Notwithstanding any of the foregoing, the Certificate Principal Balance of
      a
      Subordinate Certificate relating to a Collateral Pool outstanding with the
      highest numerical designation at any given time shall not be greater than the
      Percentage Interest evidenced by such Certificate multiplied by the excess,
      if
      any, of (A) the then aggregate Stated Principal Balance of the Mortgage Loans
      in
      such related Collateral Pool over (B) the then aggregate Certificate Principal
      Balances of all other Classes of Certificates (other than any Class of Interest
      Only Certificates) relating to that Collateral Pool then
      outstanding.

     

    With
      respect to the Group 1-2 Mortgage Loans, references herein to the related Class
      A Certificates mean references to the Class 1-A23B Certificates only to the
      extent of the 1-A2B Component thereof.  With respect to the Group 1-3
      Mortgage Loans, references herein to the related Class A Certificates mean
      references to the Class 1-A23B Certificates only to the extent of the 1-A3B
      Component thereof.  With respect to the Class 1-A23B Certificates,
      references herein to the related mortgage loans mean references to the Group
      1-2
      Mortgage Loans (in the case of the 1-A2B Component of such Class) or to the
      Group 1-3 Mortgage Loans (in the case of the 1-A3B Component of such
      Class).

     

    “Certificate
      Register”: The register maintained pursuant to Section 5.02.

     

    “Certificate
      Registrar”: Citibank, or its successor in interest, or any successor certificate
      registrar appointed as herein provided.

     

    “Citibank”:
      Citibank, N.A.

     

    “CitiMortgage”:
      CitiMortgage, Inc. in its capacity as an Initial Sub-Servicer with respect
      to
      the CitiMortgage Mortgage Loans.

     

    “Class”:
      Collectively, all of the Certificates bearing the same class
      designation.

     

    “Class
      1-A1A Certificate”: Any one of the Class 1-A1A Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-1 and evidencing a Regular
      Interest in REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-A1B Certificate”: Any one of the Class 1-A1B Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-2 and evidencing a Regular
      Interest in REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-1IO Certificate”: Any one of the Class 1-1IO Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-3 and evidencing a Regular
      Interest in REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-A2A Certificate”: Any one of the Class 1-A2A Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-4 and evidencing a Regular
      Interest in REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-A3A Certificate”: Any one of the Class 1-A3A Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular
      Interest in REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-A23B Certificate”: Any one of the Class 1-A23B Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-6 and evidencing two
      Regular Interests in REMIC I-C for purposes of the REMIC
      Provisions.

     

    “Class
      1-23IO Certificate”: Any one of the Class 1-23IO Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-7 and evidencing a Regular
      Interest in REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-A4A Certificate”: Any one of the Class 1-A4A Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-8 and evidencing a Regular
      Interest in REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-A4B Certificate”: Any one of the Class 1-A4B Certificates executed by the
      Paying Agent and authenticated and delivered by the Authenticating Agent,
      substantially in the form annexed hereto as Exhibit A-9 and evidencing a Regular
      Interest in REMIC I-C for purposes of the REMIC Provisions.

     

     “Class
      1-B1 Certificate”: Any one of the Class 1-B1 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-10 and evidencing a Regular Interest
      in
      REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-B1 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 1-B1 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 1-B1 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 1 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      1 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      1-B2 Certificate”: Any one of the Class 1-B2 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-11 and evidencing
      a Regular Interest in REMIC I-C for purposes of the REMIC
      Provisions.

     

    “Class
      1-B2 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 1-B2 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 1-B2 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 1 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      1 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      1-B3 Certificate”: Any one of the Class 1-B3 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-13 and evidencing a Regular Interest
      in
      REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-B3 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 1-B3 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 1-B3 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 1 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      1 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      1-B4 Certificate”: Any one of the Class 1-B4 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-14 and evidencing a Regular Interest
      in
      REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-B4 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 1-B4 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 1-B4 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 1 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      1 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      1-B5 Certificate”: Any one of the Class 1-B5 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-15 and evidencing a Regular Interest
      in
      REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-B5 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 1-B5 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 1-B5 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 1 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      1 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      1-B6 Certificate”: Any one of the Class 1-B6 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-16 and evidencing a Regular Interest
      in
      REMIC I-C for purposes of the REMIC Provisions.

     

    “Class
      1-B6 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 1-B6 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 1-B6 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 1 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      1 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      1-P Certificate”: Any one of the Class 1-P Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-17 and evidencing a Regular Interest
      in
      REMIC I-C for purposes of the REMIC Provisions.

     

     “Class
      1-R Certificate”: Any one of the Class 1-R Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-18 and evidencing the ownership of
      the
      Class R-IA Residual Interest, the Class R-IB Residual Interest and the Class
      R-IC Residual Interest.

     

    “Class
      2-1A Certificate”: The Class 2-A1 Certificates, the Class 2-A2 Certificates and
      the Class 2-A3 Certificates.

     

    “Class
      2-2A Certificate”: The Class 2-A4 Certificates, the Class 2-A5 Certificates and
      the Class 2-A6 Certificates.

     

    “Class
      2-A1 Certificate”: Any one of the Class 2-A1 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-19 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-A2 Certificate”: Any one of the Class 2-A2 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-20 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-A3 Certificate”: Any one of the Class 2-A3 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-21 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-A4 Certificate”: Any one of the Class 2-A4 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-19 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

     “Class
      2-A5 Certificate”: Any one of the Class 2-A5 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-20 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

     “Class
      2-A6 Certificate”: Any one of the Class 2-A6 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-21 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-B1 Certificate”: Any one of the Class 2-B1 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-24 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

     “Class
      2-B1 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 2-B1 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 2-B1 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 2 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      2 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      2-B2 Certificate”: Any one of the Class 2-B2 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-24 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-B2 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 2-B2 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 2-B2 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 2 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      2 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      2-B3 Certificate”: Any one of the Class 2-B3 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-24 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-B3 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 2-B3 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 2-B3 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 2 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      2 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      2-B4 Certificate”: Any one of the Class 2-B4 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-24 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-B4 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 2-B4 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 2-B4 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 2 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      2 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      2-B5 Certificate”: Any one of the Class 2-B5 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-24 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-B5 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 2-B5 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 2-B5 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 2 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      2 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      2-B6 Certificate”: Any one of the Class 2-B6 Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-24 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-B6 Percentage”: With respect to any Distribution Date, a fraction, expressed
      as a percentage, the numerator of which is the excess, if any, of the aggregate
      Certificate Principal Balance of the Class 2-B6 Certificates immediately prior
      to such date over the aggregate amount, if any, payable to the Holders of the
      Class 2-B6 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and
      the
      denominator of which is the excess, if any, of the aggregate of the Certificate
      Principal Balances of the Group 2 Subordinate Certificates immediately prior
      to
      such date over the aggregate amount, if any, payable to the Holders of the
      Group
      2 Subordinate Certificates on such date pursuant to Section
      4.01(b)(i)(Z).

     

    “Class
      2-P Certificate”: Any one of the Class 2-P Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-25 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

     “Class
      2-PO Certificate”: Any one of the Class 2-PO Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-23 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-PO Principal Distribution Amount”: For any Distribution Date
      and the Class 2-PO Certificates, an amount equal to the lesser of (i) the sum
      of
      the Group 2 Available Distribution Amount for Subgroup 2-1 and such Distribution
      Date remaining after distribution of all related Senior Interest Distribution
      Amounts for such Distribution Date and (ii) the aggregate of:

     

    (a)           the
      sum of the following with respect to each Class PO Mortgage Loan:

    

    (i)           the
      related Class PO Percentage of the principal portion of the Monthly Payment
      due
      during the related Due Period in respect of such Class PO Mortgage Loan whether
      or not received;

    

    (ii)           the
      related Class PO Percentage of the principal portion of all Insurance Proceeds,
      Liquidation Proceeds (other than amounts described in clause (c) below) and
      Subsequent Recoveries received in respect of such Class PO Mortgage Loan during
      the related Prepayment Period (other than any such Class PO Mortgage Loan that
      was purchased, sold or replaced pursuant to or as contemplated by Section 2.03,
      Section 3.16(c) or Section 9.01 during the related Prepayment Period), net
      of
      any portion thereof that represents a recovery of principal for which an advance
      was made by the related Servicer pursuant to Section 4.03 in respect of a
      preceding Distribution Date;

    

    (iii)           the
      related Class PO Percentage of the Stated Principal Balance (calculated
      immediately prior to such Distribution Date) of such Class PO Mortgage Loan
      that
      was purchased, sold or replaced pursuant to or as contemplated by Section 2.03,
      Section 3.16(c) or Section 9.01 during the related Prepayment
      Period;

    

    (iv)           [reserved];
      and

    

    (v)           in
      connection with the substitution of one or more Qualified Substitute Mortgage
      Loans for one or more Deleted Mortgage Loans which were Class PO Mortgage Loans
      pursuant to Section 2.03 during the related Prepayment Period, the excess,
      if
      any, of (A) the related Class PO Percentage of the aggregate of the Stated
      Principal Balances (calculated as of the respective dates of substitution)
      of
      such Deleted Mortgage Loans, net of the aggregate of the Class PO Percentage
      of
      the principal portions of the Monthly Payments due during the related Prepayment
      Period (to the extent received from the related Mortgagor or advanced by the
      Master  Servicer and distributed pursuant to Section 4.01 on the
      Distribution Date in the related Prepayment Period) in respect of each such
      Deleted Mortgage Loan that was replaced prior to the Distribution Date in the
      related Prepayment Period, over (B) the related Class PO Percentage of the
      Stated Principal Balances (calculated as of the respective dates of
      substitution) of such Qualified Substitute Mortgage Loans;

    

    (b)           the
      related Class PO Percentage of all Principal Prepayments received in respect
      of
      each Class PO Mortgage Loan during the related Prepayment Period;

    

    (c)           with
      respect to each Class PO Mortgage Loan which was the subject of a Final Recovery
      Determination in the related Prepayment Period, the Class PO Percentage of
      the
      Stated Principal Balance of such Class PO Mortgage Loan at the time of such
      Final Recovery Determination (net of the principal portion of any Realized
      Loss
      allocated to the Class 2-PO Certificates) to the extent of the principal portion
      of all Liquidation Proceeds received with respect to such Class PO Mortgage
      Loan; and

    

    (d)           in
      the case of any Distribution Date subsequent to the initial Distribution Date,
      an amount equal to the excess, if any, of the Class 2-PO Principal Distribution
      Amount for the immediately preceding Distribution Date, over the aggregate
      distributions of principal made in respect of the Class 2-PO Certificates on
      such immediately preceding Distribution Date pursuant to Section 4.01 to the
      extent that any such amounts are not attributable to Realized Losses which
      were
      allocated to the Group 2 Subordinate Certificates pursuant to Section
      4.04.

    

     

    “Class
      2-R Certificate”: Any one of the Class 2-R Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-26 and evidencing the ownership of
      the
      Class R-IIA Residual Interest, the Class R-IIB Residual Interest and the Class
      R-IIC Residual Interest.

     

    “Class
      2-XS Certificate”: Any one of the Class 2-XS Certificates executed by the Paying
      Agent and authenticated and delivered by the Authenticating Agent, substantially
      in the form annexed hereto as Exhibit A-22 and evidencing a Regular Interest
      in
      REMIC II-C for purposes of the REMIC Provisions.

     

    “Class
      2-XS Mortgage Loan”: Any Group 2 Mortgage Loan with an Expense
      Adjusted Mortgage Rate greater than 7.000% per annum.

     

     “Class
      A Certificates”:   The Group 1 Class A Certificates and the Group
      2 Class A Certificates.

     

    “Class
      A
      Principal Adjustment Amount": With respect to Collateral Pool 1, and any
      Distribution Date, if the Certificate Principal Balance of the Group 1 Class
      A
      Certificates relating to a Loan Group included in such Collateral Pool have
      been
      reduced to zero, the sum of (i) any remaining Principal Prepayments, Liquidation
      Proceeds or other unscheduled payments of principal collected in respect of
      the
      related Mortgage Loans in such Loan Group and (ii) with respect to any
      Distribution Date on which the aggregate Certificate Principal Balance of the
      related Subordinate Certificates has been reduced to zero, any remaining
      scheduled payments of principal collected in respect of the Mortgage Loans
      in
      such Loan Group.   On any Distribution Date, the Available
      Distribution Amount relating to such Loan Group shall be reduced by the related
      Class A Principal Adjustment Amount.  On any Distribution Date, any
      Class A Principal Adjustment Amount shall be included in the Available
      Distribution Amounts of any Loan Group(s) with respect to which the Certificate
      Principal Balance of the related Group 1 Class A Certificates have not been
      reduced to zero, on a pro rata basis based on aggregate Certificate
      Principal Balance of the Class A Certificates in each such Loan
      Group.

     

     “Class
      B Percentage”: Any one of the Class 1-B1 Percentage, the Class 1-B2 Percentage,
      the Class 1-B3 Percentage, the Class 1-B4 Percentage, the Class 1-B5 Percentage,
      the Class 1-B6 Percentage, the Class 2-B1 Percentage, the Class 2-B2 Percentage,
      the Class 2-B3 Percentage, the Class 2-B4 Percentage, the Class 2-B5 Percentage
      or the Class 2-B6 Percentage.

     

    “Class
      P
      Certificates”: The Class 1-P Certificates and the Class 2-P
      Certificates.

     

     “Class
      PO Mortgage Loan”:  Any Group 2 Mortgage Loan with an
      Expense Adjusted Mortgage Rate as of the Cut-off Date less than 6.500% per
      annum.

     

    “Class
      PO Percentage”:  With respect to (i) each Class PO
      Mortgage Loan, a fraction, expressed as a percentage (but not less than 0%),
      the
      numerator of which is 6.500% minus the Expense Adjusted Mortgage Rate, as of
      the
      Cut-off Date, for that Class PO Mortgage Loan and the denominator of which
      is
      6.500% and (ii) each mortgage loan that is not a Class PO Mortgage Loan,
      0%.  Notwithstanding anything to the contrary herein, the Class PO
      Percentage with respect to any Qualified Substitute Mortgage Loan substituted
      for a Deleted Mortgage Loan shall be the Class PO Percentage of the Deleted
      Mortgage Loan.

     

     “Class
      R-IA Residual Interest”:  The uncertificated Residual Interest in
      REMIC I-A.

     

    “Class
      R-IB Residual Interest”:  The uncertificated Residual Interest in
      REMIC I-B.

     

    “Class
      R-IC Residual Interest”:  The uncertificated Residual Interest in
      REMIC I-C.

     

    “Class
      R-IIA Residual Interest”: The uncertificated Residual Interest in REMIC
      II-A.

     

    “Class
      R-IIB Residual Interest”: The uncertificated Residual Interest in REMIC
      II-B.

     

    “Class
      R-IIC Residual Interest”: The uncertificated Residual Interest in REMIC
      II-C.

     

    “Closing
      Date”: April 30, 2007.

     

    “Code”:  The
      Internal Revenue Code of 1986, as amended.

     

    “Collateral
      Pool”:  Collateral Pool 1 and Collateral Pool 2.

     

    “Collateral
      Pool 1”: The Mortgage Loans in Loan Group 1-1, Loan Group 1-2, Loan Group 1-3
      and Loan Group 1-4.

     

     “Collateral
      Pool 2”: The Group 2 Mortgage Loans.

     

     “Collection
      Account”: The account or accounts created and maintained by the Master Servicer
      pursuant to Section 3.10(a), which shall be entitled, “CitiMortgage, Inc., as
      Master Servicer for U.S. Bank National Association, as Trustee, in trust for
      the
      registered holders of Citigroup Mortgage Loan Trust Inc., Mortgage Pass-Through
      Certificates, Series 2007-6.” The Collection Account must be an Eligible
      Account.

     

    “Commission”:
      The Securities and Exchange Commission.

     

    “Compensating
      Interest Payment”:  The amount the applicable primary Servicer is
      required to cover as described below:

     

    With
      respect to any Greenpoint Mortgage Loans, Metro City Mortgage Loans, Mortgage
      IT
      Mortgage Loans, Quicken Mortgage Loans, Secured Bankers Mortgage Loans and
      Silver State Mortgage Loans and any prepayments in full or in part, CitiMortage
      is required to cover any shortfalls in interest collections in an aggregate
      amount for each month up to the lesser of (i) an amount which, when added to
      all
      amounts allocable to interest received in connection with such prepayment equals
      one month’s interest on the amount of principal so prepaid at the related
      mortgage rate net of the related Servicing Fee and (ii) the aggregate amount
      of
      servicing compensation with respect to such mortgage loans received by
      it  for the applicable calendar month.

    With
      respect to any OFS Mortgage Loans and any prepayments in full or in part, Cenlar
      as sub-servicer for OFS is required to cover any shortfalls in interest
      collections that are attributable to prepayments in full or in part on the
      Mortgage Loans in the Trust and serviced by it, but only to the extent of the
      monthly Servicing Fee payable thereto.

    

    With
      respect to any Countrywide Mortgage Loans and any prepayments in full or in
      part, Countrywide Servicing is required to cover any shortfall in interest
      collections that is attributable to prepayments in full or in part on the
      Mortgage Loans included in the Trust and serviced by it, but only in an
      aggregate amount each month for such mortgage loans up to the lesser of one
      half
      of (a) one-twelfth of the product of (i) the weighted average Servicing Fee
      Rate
      for such mortgage loans and (ii) the stated principal balance of such mortgage
      loans in and (b) the aggregate Servicing Fee actually received for the
      applicable month for the Mortgage Loans serviced by it.  

    

    With
      respect to any Greenpoint Mortgage Loans and any prepayments in full or in
      part,
      GreenPoint is required to cover any shortfalls in interest collections that
      are
      attributable to prepayments in full or in part on the Mortgage Loans included
      in
      the Trust and serviced by it, but only to the extent of the monthly Servicing
      Fee payable thereto.

    

    With
      respect to any National City Mortgage Loans and any prepayments in full or
      in
      part, National City is required to cover any shortfall in interest collections
      that are attributable to prepayments in full or in part on the related Mortgage
      Loans, but only in an amount equal to the amount of interest (net of the related
      Servicing Fee Rate) that would have accrued on the amount of the principal
      prepayment during the period commencing on the date as of which such principal
      prepayment was applied to the related Mortgage Loans and ending on the day
      immediately preceding the applicable due date for the next scheduled monthly
      payment.

    

    With
      respect to any SunTrust Mortgage Loans and any prepayments in full or in part,
      SunTrust is required to cover any shortfalls in interest collections that are
      attributable to prepayments in full or in part on the Mortgage Loans included
      in
      the trust and serviced by it, but only to the extent of the monthly Servicing
      Fee payable thereto.

     

    With
      respect to any Wachovia Mortgage Loans and any prepayments in full or in part,
      Wachovia is required to cover any shortfalls in interest collections that are
      attributable to prepayments in full or in part on the Mortgage Loans included
      in
      the trust and serviced by it, but only to the extent of the monthly Servicing
      Fee payable thereto.

     

    With
      respect to any American Home Mortgage Loans, HomeBank Mortgage Loans, Taylor
      Bean Mortgage Loans, Weichert Mortgage Loans and Wells Fargo Mortgage Loans
      and
      any prepayments in full or in part, Wells Fargo is required to cover any
      shortfalls in interest collections that are attributable to prepayments in
      full
      or in part on the Mortgage Loans included in the trust and serviced by it,
      but
      only in an aggregate amount for each month which, when added to all amounts
      allocable to interest received in connection with such prepayment, equals one
      month’s interest on the amount of principal so prepaid at the related mortgage
      rate net of the related servicing fee rate, but not more than the aggregate
      amount of the Servicing Fees collected for the related Due Period with respect to the
      Mortgage Loans serviced by it.

    

    “Component”:   The
      1-A2B Component, the 1-A3B Component, the 1-2IO Component and the 1-3IO
      Component.

     

    “Component
      Notional Amount”: With respect to the 1-2IO Component at any time, the sum of
      the Certificate Principal Balance of the Class 1-A2A Certificates and the
      Component Principal Balance of the 1-A2B Component.  With respect to
      the 1-3IO Component at any time, the sum of the Certificate Principal Balance
      of
      the Class 1-A3A Certificates and the Component Principal Balance of the 1-A3B
      Component.  For federal income tax purposes, the Component Notional
      Amount shall be equal to the sum of Uncertificated Balance of the REMIC Regular
      Interest(s) as follows:

     

    

     

    
      	
              
                Component

              

            	
              
                Component
                  Notional Amount

              

            
	
              1-2IO

               

            	
              REMIC
                I-B Regular Interest LT-A2A and REMIC I-B Regular Interest
                LT-A2B

               

            
	
              1-3IO

               

            	
              REMIC
                I-B Regular Interest LT-A3A and REMIC I-B Regular Interest
                LT-A3B

               

            

    

    

     

    “Component
      Principal Balance”: With respect to any Senior Support Component as of any date
      of determination, the Component Principal Balance of such Senior Support
      Component on the Distribution Date immediately prior to such date of
      determination plus any Subsequent Recoveries added to the Component Principal
      Balance of such Senior Support Component pursuant to Section 4.01, reduced
      by
      the aggregate of (a) all distributions of principal made thereon on such
      immediately prior Distribution Date and (b) without duplication of amounts
      described in clause (a) above, reductions in the Component Principal Balance
      thereof in connection with allocations thereto of Realized Losses on the
      Mortgage Loans and Extraordinary Trust Fund Expenses on such immediately prior
      Distribution Date (or, in the case of any date of determination up to and
      including the initial Distribution Date, the initial Component Principal Balance
      of such Senior Support Component), and increased by (c) the amount of any
      Subsequent Recoveries added to such Component Principal Balance.

     

    The
      initial Component Principal Balances of the Senior Support Components are as
      follows:  For the 1-A2B Component, $20,803,000.00.  For the
      1-A3B Component, $27,807,000.00.

     

    “Corporate
      Trust Office”:  The principal corporate trust office of the Trustee,
      the Paying Agent, the Certificate Registrar or the Authenticating Agent, as
      the
      case may be, at which at any particular time its corporate trust business in
      connection with this Agreement shall be administered, which office at the date
      of the execution of this instrument is located at (i) with respect to the
      Trustee, U.S. Bank National Association, One Federal Street, 3rd Floor,
      Boston,
      Massachusetts 02110, Attention: Corporate Trust Services, or at such other
      address as the Trustee may designate from time to time by notice to the
      Certificateholders, the Depositor, the Master Servicer, the Paying Agent, the
      Certificate Registrar, the Authenticating Agent and the Trust Administrator
      and
      (ii) with respect to the Paying Agent, the Certificate Registrar and the
      Authenticating Agent, Citibank, N.A., as Paying Agent, as Certificate Registrar
      or as Authenticating Agent, as the case may be, 388 Greenwich Street, 14th Floor,
      New York,
      New York  10013, or at such other address as the Paying Agent, the
      Certificate Registrar and the Authenticating Agent may designate from time
      to
      time by notice to the Certificateholders, the Depositor, the Master Servicer,
      the Trust Administrator and the Trustee.

     

    “Corresponding
      Certificate”:  With respect to each REMIC I-B Regular Interest and
      REMIC II-B Regular Interest, as follows:

     

    
      	
              
                REMIC
                  I-B/REMIC II-B Regular Interest

              

            	 	
              
                Class

              

            
	
              REMIC
                I-B Regular Interest LT-I-A1A

            	 	
              1-A1A

            
	
              REMIC
                I-B Regular Interest LT-I-A1B

            	 	
              1-A1B

            
	
              REMIC
                I-B Regular Interest LT-I-A2A

            	 	
              1-A2A

            
	
              REMIC
                I-B Regular Interest LT-I-A3A

            	 	
              1-A3A

            
	
              REMIC
                I-B Regular Interest LT-I-A2B

            	 	
              1-A23B

            
	
              REMIC
                I-B Regular Interest LT-I-A3B

            	 	
              1-A23B

            
	
              REMIC
                I-B Regular Interest LT-I-A4A

            	 	
              1-A4A

            
	
              REMIC
                I-B Regular Interest LT-I-A4B

            	 	
              1-A4B

            
	
              REMIC
                I-B Regular Interest LT-I-R

            	 	
              1-R

            
	
              REMIC
                I-B Regular Interest LT-I-P

            	 	
              1-P

            
	
              REMIC
                I-B Regular Interest LT-I-B1

            	 	
              1-B1

            
	
              REMIC
                I-B Regular Interest LT-I-B2

            	 	
              1-B2

            
	
              REMIC
                I-B Regular Interest LT-I-B3

            	 	
              1-B3

            
	
              REMIC
                I-B Regular Interest LT-I-B4

            	 	
              1-B4

            
	
              REMIC
                I-B Regular Interest LT-I-B5

            	 	
              1-B5

            
	
              REMIC
                I-B Regular Interest LT-I-B6

            	 	
              1-B6

            
	
              REMIC
                II-B Regular Interest LT-2-A1

            	 	
              2-A1

            
	
              REMIC
                II-B Regular Interest LT-2-A3

            	 	
              2-A3

            
	
              REMIC
                II-B Regular Interest LT-2-A4

            	 	
              2-A4

            
	
              REMIC
                II-B Regular Interest LT-2-A6

            	 	
              2-A6

            
	
              REMIC
                II-B Regular Interest LT-2-R

            	 	
              2-R

            
	
              REMIC
                II-B Regular Interest LT-2-P

            	 	
              2-P

            
	
              REMIC
                II-B Regular Interest LT-2-B1

            	 	
              2-B1

            
	
              REMIC
                II-B Regular Interest LT-2-B2

            	 	
              2-B2

            
	
              REMIC
                II-B Regular Interest LT-2-B3

            	 	
              2-B3

            
	
              REMIC
                II-B Regular Interest LT-2-B4

            	 	
              2-B4

            
	
              REMIC
                II-B Regular Interest LT-2-B5

            	 	
              2-B5

            
	
              REMIC
                II-B Regular Interest LT-2-B6

            	 	
              2-B6

            

    

    

    “Countrywide”:  Countrywide
      Home Loans, Inc., or its successor in interest.

     

    “Countrywide
      Mortgage Loans”:  The Mortgage Loans originated by Countrywide and
      serviced by Countrywide Servicing pursuant to the Initial Sub-Servicing
      Agreement to which it is a party.

     

    “Countrywide
      Servicing”: Countrywide Home Loans Servicing LP, or its successor in
      interest.

     

     “Credit
      Risk Manager”:  Clayton Fixed Income Services Inc., a Colorado
      corporation, and its successors and assigns.

     

    “Credit
      Risk Manager Fee”: With respect to any Distribution Date, an amount equal to the
      Credit Risk manager Fee Rate accrued for one month on the aggregate Stated
      Principal Balance of the Mortgage Loans as of the first day of the related
      Due
      Period.

     

    “Credit
      Risk Manager Fee Rate”: 0.008% per annum.

     

     “Credit
      Risk Management Agreement”: The respective agreements between the Credit Risk
      Manager and the related Initial Sub-Servicers regarding the loss mitigation
      and
      advisory services to be provided by the Credit Risk Manager with respect to
      the
      applicable Mortgage Loans.

     

    “Cross-Collateralization
      Date”:  With respect any Collateral Pool, any Distribution Date on
      which there are one or more Undercollateralized Loan Groups and one or more
      Overcollateralized Loan Groups relating to such Collateral Pool.

     

    “Custodian”:
      A document custodian appointed by the Trustee to perform (or in the case of
      the
      initial Custodians otherwise engaged to perform) custodial duties with respect
      to the Mortgage Files.  The initial Custodian is Citibank, N.A., a
      national banking association. A Custodian may be the Trustee, any Affiliate
      of
      the Trustee or an independent entity.

     

    “Custodial
      Agreement”: An agreement pursuant to which a Custodian
      performs  custodial duties with respect to the Mortgage Files. With
      respect to the initial Custodian, the agreement pursuant to which such initial
      Custodian performs its custodial duties with respect to the Mortgage
      Files.

     

    “Cut-off
      Date”: With respect to each Original Mortgage Loan, April 1, 2007. With respect
      to all Qualified Substitute Mortgage Loans, their respective dates of
      substitution. References herein to the “Cut-off Date,” when used with respect to
      more than one Mortgage Loan, shall be to the respective Cut-off Dates for such
      Mortgage Loans.

     

    “Debt
      Service Reduction”: With respect to any Mortgage Loan, a reduction in the
      scheduled Monthly Payment for such Mortgage Loan by a court of competent
      jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction
      resulting from a Deficient Valuation.

     

    “Deficient
      Valuation”: With respect to any Mortgage Loan, a valuation of the related
      Mortgaged Property by a court of competent jurisdiction in an amount less than
      the then outstanding principal balance of the Mortgage Loan, which valuation
      results from a proceeding initiated under the Bankruptcy Code.

     

    “Definitive
      Certificates”: As defined in Section 5.01(b).

     

    “Deleted
      Mortgage Loan”: A Mortgage Loan replaced or to be replaced by a Qualified
      Substitute Mortgage Loan.

     

    “Depositor”:
      Citigroup Mortgage Loan Trust Inc., a Delaware corporation, or its successor
      in
      interest.

     

    “Depository”:
      The Depository Trust Company or any successor Depository hereafter named. The
      nominee of the initial Depository, for purposes of registering those
      Certificates that are to be Book-Entry Certificates, is Cede & Co. The
      Depository shall at all times be a “clearing corporation” as defined in Section
      8-102(3) of the Uniform Commercial Code of the State of New York and a “clearing
      agency” registered pursuant to the provisions of Section 17A of the Securities
      Exchange Act of 1934, as amended.

     

    “Depository
      Institution”: Any depository institution or trust company, including the Trustee
      and the Trust Administrator, that (a) is incorporated under the laws of the
      United States of America or any State thereof, (b) is subject to supervision
      and
      examination by federal or state banking authorities and (c) has, or is a
      subsidiary of a holding company that has, an outstanding unsecured commercial
      paper or other short-term unsecured debt obligations that are rated in the
      highest rating category by at least two of the Rating Agencies (or a comparable
      rating if S&P and Fitch are not the Rating Agencies).

     

    “Depository
      Participant”: A broker, dealer, bank or other financial institution or other
      Person for whom from time to time a Depository effects book-entry transfers
      and
      pledges of securities deposited with the Depository.

     

    “Determination
      Date”: With respect to each Distribution Date, the 18th day of the calendar
      month in which such Distribution Date occurs or, if such 18th day is not a
      Business Day, the Business Day immediately following such 18th day; provided,
      however, that with respect to each Distribution Date and any Mortgage Loans
      subject to an Initial Sub-Servicing Agreement, the Determination Date shall
      be
      the date, relating to such Distribution Date, after which any Monthly Payments
      received are not reported by the related Sub-Servicer as having been received
      for inclusion in the amounts remitted by such Sub-Servicer on the related
      remittance date under the applicable Sub-Servicing Agreement in respect of
      Monthly Payments on the related Mortgage Loans.

     

    “Directly
      Operate”: With respect to any REO Property, the furnishing or rendering of
      services to the tenants thereof, the management or operation of such REO
      Property, the holding of such REO Property primarily for sale to customers,
      the
      performance of any construction work thereon or any use of such REO Property
      in
      a trade or business conducted by REMIC I-A or REMIC II-A, other than through
      an
      Independent Contractor; provided, however, that the Trustee (or the Master
      Servicer on behalf of the Trustee) shall not be considered to Directly Operate
      an REO Property solely because the Trustee (or the Master Servicer on behalf
      of
      the Trustee) establishes rental terms, chooses tenants, enters into or renews
      leases, deals with taxes and insurance, or makes decisions as to repairs or
      capital expenditures with respect to such REO Property.

     

    “Disqualified
      Organization”: Any of the following: (i) the United States, any State or
      political subdivision thereof, any possession of the United States, or any
      agency or instrumentality of any of the foregoing (other than an instrumentality
      which is a corporation if all of its activities are subject to tax and, except
      for Freddie Mac, a majority of its board of directors is not selected by such
      governmental unit), (ii) any foreign government, any international organization,
      or any agency or instrumentality of any of the foregoing, (iii) any organization
      (other than certain farmers’ cooperatives described in Section 521 of the Code)
      which is exempt from the tax imposed by Chapter 1 of the Code (including the
      tax
      imposed by Section 511 of the Code on unrelated business taxable income), (iv)
      rural electric and telephone cooperatives described in Section 1381(a)(2)(C)
      of
      the Code, (v) an “electing large partnership” within the meaning of Section 775
      of the Code and (vi) any other Person so designated by the Trustee based upon
      an
      Opinion of Counsel that the holding of an Ownership Interest in a Residual
      Certificate by such Person may cause any REMIC or any Person having an Ownership
      Interest in any Class of Certificates (other than such Person) to incur a
      liability for any federal tax imposed under the Code that would not otherwise
      be
      imposed but for the Transfer of an Ownership Interest in a Residual Certificate
      to such Person. The terms “United States,” “State” and “international
      organization” shall have the meanings set forth in Section 7701 of the Code or
      successor provisions.

     

    “Distribution
      Account”: The trust account or accounts created and maintained by the Paying
      Agent pursuant to Section 3.10(b) which shall be entitled “Citibank, N.A., as
      Paying Agent, in trust for the registered holders of Citigroup Mortgage Loan
      Trust Inc., Mortgage Pass- Through Certificates, Series 2007-6.” The
      Distribution Account must be an Eligible Account.

     

    “Distribution
      Date”: The 25th day of any month, or if such 25th day is not a Business Day, the
      Business Day immediately following such 25th day, commencing in May
      2007.

     

    “Diverted
      Interest Amount”:  With respect to any Collateral Pool and any
      Distribution Date, one month’s interest accrued during the related Interest
      Accrual Period on the Overcollateralized Amount at the Pass-Through Rate(s)
      for
      the Senior Certificates related to the Undercollateralized Loan Group(s) in
      such
      Collateral Pool and any other unpaid interest shortfalls on the Senior
      Certificates related to such Undercollateralized Loan Group(s), to the extent
      available (with overcollateralization and undercollateralization calculated,
      for
      purposes of this definition only, as of the prior Distribution Date after taking
      into account all distributions and Realized Loss allocations that occurred
      on
      such prior Distribution Date). On any Distribution Date, any Diverted Interest
      Amount shall be included in the Available Distribution Amounts of any
      Undercollateralized Loan Group(s)s in the same Collateral Pool on a pro
      rata basis based on their respective Undercollateralized
      Amounts.  On any Distribution Date, any Diverted Interest Amount shall
      reduce the Available Distribution Amounts of any Overcollateralized Loan
      Group(s) in the same Collateral Pool on a pro rata basis based on their
      respective Overcollateralized Amounts.

     

    “DOL”:
      The United States Department of Labor or any successor in interest.

     

    “DOL
      Regulations”: The regulations promulgated by the DOL at 29
      C.F.R.ss.2510.3-101.

     

    “Due
      Date”: With respect to each Distribution Date, the first day of the calendar
      month in which such Distribution Date occurs, which is the day of the month
      on
      which the Monthly Payment is due on a Mortgage Loan, exclusive of any days
      of
      grace.

     

    “Due
      Period”: With respect to any Distribution Date, the period commencing on the
      second day of the calendar month preceding the calendar month in which such
      Distribution Date occurs and ending on the related Due Date.

     

    “Eligible
      Account”: Any of (i) an account or accounts maintained with a Depository
      Institution, (ii) an account or accounts the deposits in which are fully insured
      by the FDIC or (iii) a trust account or accounts maintained with the corporate
      trust department of a federal or state chartered depository institution or
      trust
      company acting in its fiduciary capacity. Eligible Accounts may bear
      interest.

     

    “ERISA”:
      The Employee Retirement Income Security Act of 1974, as amended.

     

    “Estate
      in Real Property”: A fee simple estate in a parcel of land.

     

    “Excess
      Bankruptcy Loss”: With respect to either Collateral Pool, any Bankruptcy Loss,
      or portion thereof, which exceeds the then applicable Bankruptcy
      Amount.

     

    “Excess
      Fraud Loss”: With respect to either Collateral Pool, any Fraud Loss, or portion
      thereof, which exceeds the then applicable Fraud Loss Amount.

     

    “Excess
      Loss”: With respect to either Collateral Pool, any Excess Bankruptcy Loss,
      Excess Special Hazard Loss, Excess Fraud Loss or Extraordinary
      Loss.

     

    “Excess
      Special Hazard Loss”: With respect to either Collateral Pool, any Special Hazard
      Loss, or portion thereof, that exceeds the then applicable Special Hazard
      Amount.

     

    “Exchange
      Act”: The Securities Exchange Act of 1934, as amended.

     

    “Expense
      Adjusted Mortgage Rate”:  With respect to any Mortgage Loan (or the
      related REO Property) as of any date of determination, a per annum rate of
      interest equal to the then applicable Mortgage Rate for such Mortgage Loan
      minus
      the applicable Servicing Fee Rate and, if such Mortgage Loan has lender-paid
      primary mortgage insurance, the applicable premium rate.

     

    “Extraordinary
      Loss”: Any Realized Loss or portion thereof caused by or resulting
      from:

     

    (i)           nuclear
      or chemical reaction or nuclear radiation or radioactive or chemical
      contamination, all whether controlled or uncontrolled and whether such loss
      be
      direct or indirect, proximate or remote or be in whole or in part caused by,
      contributed to or aggravated by a peril covered by the definition of the term
      “Special Hazard Loss”;

     

    (ii)           hostile
      or warlike action in time of peace or war, including action in hindering,
      combating or defending against an actual, impending or expected attack by
      any  government or sovereign power, de jure or de
      facto, or by any authority maintaining or using military, naval or air
      forces, or by military, naval or air forces, or by an agent of any such
      government, power, authority or forces;

     

    (iii)           any
      weapon of war employing atomic fission or radioactive forces whether in time
      of
      peace or war, and

     

    (iv)           insurrection,
      rebellion, revolution, civil war, usurped power or action taken by governmental
      authority in hindering, combating or defending against such an occurrence,
      seizure or destruction under quarantine or customs regulations, confiscation
      by
      order of any government or public authority, or risks of contraband or illegal
      transactions or trade.

     

    “Extraordinary
      Trust Fund Expenses”: Any amounts reimbursable to the Master Servicer or the
      Depositor pursuant to Section 6.03, any amounts payable from the Distribution
      Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts
      reimbursable to the Trustee, the Trust Administrator, Citibank or a Custodian
      from the Trust Fund pursuant to Section 2.01 or Section 8.05 and any other
      costs, expenses, liabilities and losses borne by the Trust Fund (exclusive
      of
      any cost, expense, liability or loss that is specific to a particular Mortgage
      Loan or REO Property and is taken into account in calculating a Realized Loss
      in
      respect thereof) for which the Trust Fund has not and, in the reasonable good
      faith judgment of the Trust Administrator, shall not, obtain reimbursement
      or
      indemnification from any other Person.

     

    “Fannie
      Mae”: Fannie Mae, formerly known as the Federal National Mortgage Association,
      or any successor thereto.

     

    “FDIC”:
      Federal Deposit Insurance Corporation or any successor thereto.

     

    “Final
      Recovery Determination”: With respect to any defaulted Mortgage Loan or any REO
      Property (other than a Mortgage Loan or REO Property purchased by the Seller,
      the Depositor or the Master Servicer pursuant to or as contemplated by Section
      2.03, Section 3.16(c) or Section 9.01), a determination made by the Master
      Servicer that all Liquidation Proceeds have been recovered. The Master Servicer
      shall maintain records of each Final Recovery Determination made
      thereby.

     

    “Fitch”:  Fitch
      Ratings, or its successor in interest.

     

    “Fixed-Rate
      Mortgage Loan”:  Each Group 2 Mortgage Loan.

     

    “Floater
      Cap Carryover Account”:  The account established and maintained
      pursuant to Section 3.26.

     

    “Floater
      Cap Carryover Amount”:  With respect to the Class 2-A1 Certificates
      and any Distribution Date, the sum of (i) the excess, if any, of (x) the amount
      of interest accrued on such Class of Certificates for such Distribution Date
      calculated had the related Pass-Through Rate been calculated without regard
      to
      the 6.500% per annum cap thereon, over (y) the amount of interest accrued on
      such Class of Certificates for such Distribution Date calculated at the related
      Pass-Through Rate for such Class and such Distribution Date and (ii) the Floater
      Cap Carryover Amount for the previous Distribution Date remaining unpaid on
      such
      previous Distribution Date, together with interest thereon, calculated for
      purposes of this clause (ii) without regard to the 6.500% per annum cap
      thereon.

     

    “Floater
      Certificates”:  The Class 2-A1 Certificates and Class 2-A4
      Certificates.

     

    “Fraud
      Loss”: Any Realized Loss or portion thereof sustained by reason of a default
      arising from intentional fraud, dishonesty or misrepresentation in connection
      with the related Mortgage Loan, including by reason of the denial of coverage
      under any related Primary Mortgage Insurance Policy because of fraud, dishonesty
      or misrepresentation.

     

    “Fraud
      Loss Amount”: With respect to Collateral Pool 1, as of any date of determination
      after the Cut-off Date, an amount equal to: (X) prior to the second anniversary
      of the Cut-off Date, 2.00% of the aggregate outstanding principal balance of
      the
      Group 1 Mortgage Loans as of the Cut-off Date minus the aggregate amount of
      Fraud Losses on the Group 1 Mortgage Loans allocated solely to the related
      Subordinate Certificates in accordance with Section 4.04 since the Cut-off
      Date
      up to such date of determination and (Y) from the second  anniversary
      of the Cut-off Date and prior to the fifth anniversary of the Cut-off Date,
      (1)
      the lesser of (a) the related Fraud Loss Amount as of the most recent
      anniversary of the Cut-off Date and (b) 1.00% of the aggregate outstanding
      principal balance of the Group 1 Mortgage Loans as of the most recent
      anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses
      on the Group 1 Mortgage Loans allocated solely to the related Subordinate
      Certificates in accordance with Section 4.04 since the most recent anniversary
      of the Cut-off Date up to such date of determination. On and after the fifth
      anniversary of the Cut-off Date, the Fraud Loss Amount with respect to
      Collateral Pool 1 shall be zero. In addition, after the Certificate Principal
      Balances of the related Subordinate Certificates are reduced to zero, the Fraud
      Loss Amount with respect to Collateral Pool 1 shall be zero.

     

    With
      respect to Collateral Pool 2, as of any date of determination after the Cut-off
      Date, an amount equal to: (X) prior to the second anniversary of the Cut-off
      Date, 2.00% of the aggregate outstanding principal balance of the Group 2
      Mortgage Loans as of the Cut-off Date minus the aggregate amount of Fraud Losses
      on the Group 2 Mortgage Loans allocated solely to the related Subordinate
      Certificates in accordance with Section 4.04 since the Cut-off Date up to such
      date of determination and (Y) from the second anniversary of the Cut-off Date
      and prior to the fifth anniversary of the Cut-off Date, (1) the lesser of (a)
      the related Fraud Loss Amount as of the most recent anniversary of the Cut-off
      Date and (b) 1.00% of the aggregate outstanding principal balance of the Group
      2
      Mortgage Loans as of the most recent anniversary of the Cut-off Date minus
      (2)
      the Fraud Losses on the Group 2 Mortgage Loans allocated solely to the related
      Subordinate Certificates in accordance with Section 4.04 since the most recent
      anniversary of the Cut-off Date up to such date of determination. On and after
      the fifth anniversary of the Cut-off Date, the Fraud Loss Amount with respect
      to
      Collateral Pool 2 shall be zero. In addition, after the Certificate Principal
      Balances of the related Subordinate Certificates are reduced to zero, the Fraud
      Loss Amount with respect to Collateral Pool 2 shall be zero.

     

     “Freddie
      Mac”: Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation,
      or any successor thereto.

     

    “GreenPoint”:
      GreenPoint Mortgage Funding, Inc., or its successors in interest.

     

    “GreenPoint
      Mortgage Loans”: The Mortgage Loans originated by GreenPoint and serviced by
      CitiMortgage or GreenPoint pursuant to the respective Initial Sub-Servicing
      Agreements to which it is a party.

     

     “Gross
      Margin”: With respect to each Adjustable-Rate Mortgage Loan, the fixed
      percentage set forth in the related Mortgage Note that is added to the Index
      on
      each Adjustment Date in accordance with the terms of the related Mortgage Note
      used to determine the Mortgage Rate for such Mortgage Loan.

     

    “Group
      1
      Available Distribution Amount”: With respect to any Distribution Date and any
      Loan Group within Collateral Pool 1, an amount equal to the excess of (i) the
      sum attributable to the related Group 1 Mortgage Loans of (a) the aggregate
      of
      the Monthly Payments due on or before the Due Date relating to such Distribution
      Date and received by the Master Servicer (or a Sub-Servicer on its behalf)
      on or
      prior to the related Determination Date, after deduction of the applicable
      Servicing Fee, Credit Risk Manager Fee and any applicable lender-paid primary
      mortgage insurance premium, (b) Liquidation Proceeds, Insurance Proceeds,
      Principal Prepayments, proceeds from repurchases of and substitutions for the
      related Group 1 Mortgage Loans, Subsequent Recoveries and other unscheduled
      collections of principal and interest in respect of the related Group 1 Mortgage
      Loans or REO Properties received by the Master Servicer (or a Sub-Servicer,
      on
      its behalf) during the related Prepayment Period (exclusive of any prepayment
      charges, penalties or premiums), (c) the aggregate of any amounts on deposit
      in
      the Distribution Account representing Compensating Interest Payment paid by
      the
      Master Servicer in respect of related Prepayment Interest Shortfalls relating
      to
      Principal Prepayments that occurred during the related Prepayment Period and
      (d)
      the aggregate of any P&I Advances made by the Master Servicer for such
      Distribution Date, over (ii) the sum attributable to or allocable to the related
      Group 1 Mortgage Loans of (a) amounts reimbursable to the Depositor, the Master
      Servicer, the Trustee, the Trust Administrator, Citibank or a Custodian pursuant
      to Section 6.03 or Section 8.05 or otherwise payable in respect of Extraordinary
      Trust Fund Expenses, (b) amounts in respect of the items set forth in clauses
      (i)(a) through (i)(d) above deposited in the Collection Account or the
      Distribution Account in respect of the items set forth in clauses (i)(a) through
      (i)(d) above in error, (c) without duplication, any amounts in respect of the
      items set forth in clauses (i)(a) and (i)(b) permitted hereunder to be retained
      by the Master Servicer or to be withdrawn by the Master Servicer from the
      Collection Account pursuant to Section 3.18.

     

    Notwithstanding
      the foregoing, (i) the Group 1 Available Distribution Amount for any
      Distribution Date shall be increased (in the case of an Undercollateralized
      Loan
      Group) or decreased (in the case of an Overcollateralized Loan Group) by any
      applicable portion of any  Diverted Interest Amount for such
      Distribution Date, as provided in the definition of Diverted Interest Amount
      and
      (ii) the Group 1 Available Distribution Amount for any Distribution Date shall
      be increased or decreased, as applicable, by any all or the applicable portion,
      as the case may be, of any  Class A Principal Adjustment Amount for
      such Distribution Date, as provided in the definition of Class A Principal
      Adjustment Amount.

     

    Provided,
      that, on any Distribution Date on which there are Group 1 Class A Certificates
      relating to only one Loan Group remaining outstanding, the Group 1 Available
      Distribution Amount for that Distribution Date will be calculated on an
      aggregate Collateral Pool 1 basis, without regard to the related Loan Group.
      

     

    Notwithstanding
      the foregoing, in the event that the amount received during a Due Period in
      connection with the foreclosure of a Mortgage Loan in Collateral Pool 1 exceeds
      the outstanding principal balance of such Mortgage Loan, such amounts shall
      be
      included in the related Group 1 Available Distribution Amount only to the extent
      of Realized Losses incurred during the related Due Period with respect to
      Mortgage Loans in Collateral Pool 1 and the remainder will be held in a reserve
      fund established by or on behalf of the Trust Administrator in order to offset
      any future Realized Losses incurred.

     

    Prepayment
      premiums or charges collected in respect of the Group 1 Mortgage Loans in any
      Loan Group included in Collateral Pool 1, to the extent required to be remitted
      to the Trust by the related Sub-Servicer in accordance with the applicable
      Sub-Servicing Agreement, will be distributed to the Holders of the Class 1-P
      Certificates and will not be included in the Group 1 Available Distribution
      Amount.

     

    “Group
      1
      Certificates”: The Group 1 Senior Certificates, the Group 1 Subordinate
      Certificates amd the Class 1-P Certificates.

     

    “Group
      1
      Class A Certificates”: The Class 1-A1A Certificates, Class 1-A1B Certificates,
      Class 1-A2A Certificates, Class 1-A3A Certificates, Class A23B Certificates,
      Class 1-A4A Certificates and Class 1-A4B Certificates.

     

     “Group
      1 Interest Only Certificates”: The Class 1-1IO Certificates, Class 1-23IO
      Certificates and Class 1-4IO Certificates.

     

    “Group
      1
      Loan Group”: Any of Loan Group 1-1, Loan Group 1-2, Loan Group 1-3 and Loan
      Group 1-4.

     

    “Group
      1
      Mortgage Loans”: The Mortgage Loans identified as such on the attached Mortgage
      Loan Schedule.

     

    “Group
      1-1 Mortgage Loans”:  Each Loan identified as such on the Mortgage
      Loan Schedule.

     

    “Group
      1-2 Mortgage Loans”:  Each Loan identified as such on the Mortgage
      Loan Schedule.

     

    “Group
      1-3 Mortgage Loans”:  Each Loan identified as such on the Mortgage
      Loan Schedule.

     

    “Group
      1-4 Mortgage Loans”:  Each Loan identified as such on the Mortgage
      Loan Schedule.

     

     “Group
      1 Senior Certificates”: The Group 1 Class A Certificates, Group 1 Interest Only
      Certificates and the Class 1-R Certificates.

     

     “Group
      1 Senior Percentage”: With respect to any Distribution Date and any Loan Group
      included in Collateral Pool 1, the lesser of (a) 100% and (b) a fraction,
      expressed as a percentage, the numerator of which is the excess, if any, of
      the
      aggregate Certificate Principal Balance of the related Class A Certificates
      for
      such Distribution Date and, on the first Distribution Date, the related Class
      R
      Certificates, if applicable, over the aggregate amount, if any, payable to the
      Holders of the related Class A Certificates on such date pursuant to clause
      (d)
      of the definition of “Senior Principal Distribution Amount,” and the denominator
      of which is the sum of (i) the aggregate Scheduled Principal Balance of the
      related Group 1 Mortgage Loans, plus (ii) the aggregate Scheduled Principal
      Balance of the REO Properties in the related Loan Group, in each case before
      reduction for any Realized Losses on such Distribution Date.

     

    Notwithstanding
      the foregoing, on any Cross-Collateralization Date on which (x) the sum of
      (i)
      the aggregate Scheduled Principal Balance of the related Group 1 Mortgage Loans,
      plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in
      the
      related Loan Group, in each case before reduction for any Realized Losses on
      such Distribution Date exceeds (y) the excess, if any, of the Certificate
      Principal Balance of the related Group 1 Class A Certificates for such
      Distribution Date over the aggregate amount, if any, payable to the Holders
      of
      the related Group 1 Class A Certificates on such date pursuant to clause (d)
      of
      the definition of “Senior Principal Distribution Amount,” the Group 1 Senior
      Percentage will equal the lesser of (a) 100% and (b) fraction, expressed as
      a
      percentage, the numerator of which is the sum of (i) the excess, if any, of
      the
      Certificate Principal Balance of the related Group 1 Class A Certificates for
      such Distribution Date over the aggregate amount, if any, payable to the Holders
      of the related Group 1 Class A Certificates on such date pursuant to clause
      (d)
      of the definition of “Senior Principal Distribution Amount,” plus (ii) that
      portion of the Overcollateralized Amount with respect to Collateral Pool 1
      that
      is subtracted from the related Group 1 Available Distribution Amount on such
      Distribution Date, and the denominator of which is the sum of (i) the aggregate
      Scheduled Principal Balance of the related Group 1 Mortgage Loans, plus (ii)
      the
      aggregate Scheduled Principal Balance of the REO Properties in the related
      Loan
      Group, in each case before reduction for any Realized Losses on such
      Distribution Date. On any Distribution Date after the reduction of the
      Certificate Principal Balances of the Group 1 Class A Certificates relating
      to
      all but one Loan Group to zero, the Group 1 Senior Percentage for that remaining
      Loan Group will be the lesser of (a) 100% and (b) a fraction, expressed as
      a
      percentage, the numerator of which is the excess, if any, of the Certificate
      Principal Balance of the related Group 1 Class A Certificates for such
      Distribution Date over the aggregate amount, if any, payable to the Holders
      of
      the related Group 1 Class A Certificates on such date pursuant to clause (d)
      of
      the definition of “Senior Principal Distribution Amount,” and the denominator of
      which is the sum of (i) the aggregate Scheduled Principal Balance of the Group
      1
      Mortgage Loans, plus (ii) the aggregate Scheduled Principal Balance of the
      REO
      Properties in Collateral Pool 1, in each case before reduction for any Realized
      Losses on such Distribution Date.

     

    “Group
      1
      Senior Prepayment Percentage”: With respect to any Distribution Date and any
      Loan Group included in Collateral Pool 1 within the range indicated below,
      the
      percentage as indicated below:

     

    
      	
              
                Distribution
                  Date

              

            	 	
              
                Group
                  1 Senior Prepayment Percentage

              

            
	
              May
                2007 through April 2014

            	 	
              100%

            
	
              May
                2014 through April 2015

            	 	
              related
                Group 1 Senior Percentage, plus 70% of the related Group 1 Subordinate
                Percentage

            
	
              May
                2015 through April 2016

            	 	
              related
                Group 1 Senior Percentage, plus 60% of the related Group 1 Subordinate
                Percentage

            
	
              May
                2016 through April 2017

            	 	
              related
                Group 1 Senior Percentage, plus 40% of the related Group 1 Subordinate
                Percentage

            
	
              May
                2017 through April 2018

            	 	
              related
                Group 1 Senior Percentage, plus 20% of the related Group 1 Subordinate
                Percentage

            
	
              May
                2018 and thereafter

            	 	
              related
                Group 1 Senior Percentage

            

    

    

    provided,
      however, no reduction to a Group 1 Senior Prepayment Percentage
      described above shall be made as of any Distribution Date unless (i) the
      outstanding principal balance of the Group 1 Mortgage Loans delinquent 60 days
      or more (including REO Properties and Mortgage Loans in foreclosure) averaged
      over the last six months (or such fewer number of months as have elapsed from
      the Cut-Off Date through the end of the related Prepayment Period) does not
      exceed 50% of the sum of the then current Certificate Principal Balances of
      the
      Group 1 Subordinate Certificates and (ii) Realized Losses on the Group 1
      Mortgage Loans to date are less than the then applicable Trigger
      Amount.

     

    On
      any
      Distribution Date on which Realized Losses on the Group 1 Mortgage Loans to
      date
      are greater than the then applicable Trigger Amount, the Group 1 Senior
      Prepayment Percentage for each Loan Group within Collateral Pool 1 will be
      the
      greater of (x) the related Group 1 Senior Prepayment Percentage for such
      Distribution Date or (y) the related Group 1 Senior Prepayment Percentage for
      the immediately preceding Distribution Date.

     

    Notwithstanding
      the above, if on any Distribution Date (a) the Aggregate Subordinate Percentage
      for Collateral Pool 1, prior to giving effect to any distributions on such
      Distribution Date, equals or exceeds two times the initial Aggregate Subordinate
      Percentage for Collateral Pool 1 as of the Cut-Off Date, (b) the provisions
      of
      clause (i) of the second preceding paragraph are met and (c) (i) on or prior
      to
      the Distribution Date occurring in April 2010, cumulative Realized Losses on
      the
      Group 1 Mortgage Loans as of the end of the related Prepayment Period do not
      exceed 20% of the initial aggregate Certificate Principal Balance of the Group
      1
      Subordinate Certificates and (ii) after the Distribution Date occurring in
      April
      2010, cumulative Realized Losses on the Group 1 Mortgage Loans as of the end
      of
      the Prepayment Period do not exceed 30% of the initial aggregate Certificate
      Principal Balance of the Group 1 Subordinate Certificates, then the Group 1
      Senior Prepayment Percentage for such Distribution Date and each Loan Group
      within Collateral Pool 1 will equal the related Group 1 Senior Percentage plus
      50% of the related Group 1 Subordinate Percentage for such Distribution Date,
      if
      such Distribution Date is prior to May 2010, and will equal the related Group
      1
      Senior Percentage for such Distribution Date, if such Distribution Date occurs
      on or after May 2010.

     

    On
      any
      Distribution Date on which the Aggregate Senior Percentage for Collateral Pool
      1
      exceeds the initial Aggregate Senior Percentage for Collateral Pool 1, the
      Group
      1 Senior Prepayment Percentage for each Loan Group within Collateral Pool 1
      shall be 100%.

     

    Upon
      reduction of the Certificate Principal Balances of the related Group 1 Class
      A
      Certificates to zero, the Group 1 Senior Prepayment Percentage for the related
      Loan Group shall be 0%.

     

    “Group
      1
      Subordinate Certificates”: The Class 1-B1 Certificates, the Class 1-B2
      Certificates, the Class 1-B3 Certificates, the Class 1-B4 Certificates, the
      Class 1-B5 Certificates and the Class 1-B6 Certificates.

     

    “Group
      1
      Subordinate Net WAC Rate”: For any Distribution Date and
      the Group 1 Subordinate Certificates, a per annum rate equal to the weighted
      average (weighted in proportion to the results of subtracting, from the
      aggregate Scheduled Principal Balance, as of the first day of the related Due
      Period, of the Mortgage Loans in each of Loan Group 1-1, Loan Group 1-2, Loan
      Group 1-3 and Loan Group 1-4, the Certificate Principal Balance of the related
      Group 1 Class A Certificates and, from the aggregate Scheduled Principal
      Balance, as of the first day of the related Due Period, from the Mortgage Loans
      in Loan Group 1-2, the Certificate Principal Balances of the Class 1-R
      Certificates and Class 1-P Certificates) of the Net WAC Rate of the Group 1-1
      Mortgage Loans, the Net WAC Rate of the Group 1-2 Mortgage Loans, the Net WAC
      Rate of the Group 1-3 Mortgage Loans and the Net WAC Rate of the Group 1-4
      Mortgage Loans.  For federal income tax purposes, the equivalent of
      the foregoing shall be expressed as the weighted average of the REMIC I-B
      Remittance Rates on REMIC I-B Regular Interest LT-B1, REMIC I-B Regular Interest
      LT-B2, REMIC I-B Regular Interest LT-B3, REMIC I-B Regular Interest LT-B4,
      REMIC
      I-B Regular Interest LT-B5 and REMIC I-B Regular Interest LT-B6, weighted on
      the
      basis of the Uncertificated Balance of each such REMIC I-B Regular
      Interest.

     

    “Group
      1
      Subordinate Percentage”:  With respect to any Loan Group within Collateral
      Pool 1 and any Distribution Date, 100% minus the Group 1 Senior Percentage
      for
      that Loan Group and Distribution Date.

     

    “Group
      1
      Subordinate Prepayment Percentage”:  With respect to any Loan Group within
      Collateral Pool 1 and a Distribution Date, 100% minus the related Group 1 Senior
      Prepayment Percentage for that Loan Group and Distribution Date.

     

    “Group
      2
      Available Distribution Amount”:  With respect to any Distribution Date
      and any subgroup within Collateral Pool 2, an amount equal to the excess of
      (i)
      the sum attributable to the related Group 2 Mortgage Loans or Mortgage Loan
      Components of (a) the aggregate of the Monthly Payments due on or before the
      Due
      Date relating to such Distribution Date and received by the Master Servicer
      (or
      a Sub-Servicer on its behalf) on or prior to the related Determination Date,
      after deduction of the applicable Servicing Fee, Credit Risk Manager Fee and
      any
      applicable lender-paid primary mortgage insurance premium (b) Liquidation
      Proceeds, Insurance Proceeds, Principal Prepayments, proceeds from repurchases
      of and substitutions for the related Group 2 Mortgage Loans or Mortgage Loan
      Components, Subsequent Recoveries and other unscheduled collections of principal
      and interest in respect of the related Group 2 Mortgage Loans or REO Properties
      received by the Master Servicer (or a Sub-Servicer on its behalf) during the
      related Prepayment Period (exclusive of any prepayment charges, penalties or
      premiums), (c) the aggregate of any amounts on deposit in the Distribution
      Account representing Compensating Interest Payment paid by the Master Servicer
      in respect of related Prepayment Interest Shortfalls relating to Principal
      Prepayments that occurred during the related Prepayment Period and (d) the
      aggregate of any P&I Advances made by the Master Servicer for such
      Distribution Date over (ii) the sum attributable to or allocable to the related
      Group 2 Mortgage Loans of (a) amounts reimbursable to the Depositor, the Master
      Servicer, the Trustee, the Trust Administrator, Citibank or a Custodian pursuant
      to Section 6.03 or Section 8.05 or otherwise payable in respect of Extraordinary
      Trust Fund Expenses, (b) amounts in respect of the items set forth in clauses
      (i)(a) through (i)(d) above deposited in the Collection Account or the
      Distribution Account in respect of the items set forth in clauses (i)(a) through
      (i)(d) above in error, (c) without duplication, any amounts in respect of the
      items set forth in clauses (i)(a) and (i)(b) permitted hereunder to be retained
      by the Master Servicer or to be withdrawn by the Master Servicer from the
      Collection Account pursuant to Section 3.18.

     

    Notwithstanding
      the foregoing, the Group 2 Available Distribution Amount for any Distribution
      Date shall be increased (in the case of an Undercollateralized Loan Group)
      or
      decreased (in the case of an Overcollateralized Loan Group) by any applicable
      Diverted Interest Amount for such Distribution Date.

     

    Provided,
      that, on any Distribution Date on which there are Group 2 Class A Certificates
      relating to only one Loan Group remaining outstanding, the Group 2 Available
      Distribution Amount for that Distribution Date will be calculated on an
      aggregate Collateral Pool 2 basis, without regard to the related Loan
      Group.

     

    Notwithstanding
      the foregoing, in the event that the amount received during a Due Period in
      connection with the foreclosure of a Mortgage Loan in Collateral Pool 2 exceeds
      the outstanding principal balance of such Mortgage Loan, such amounts shall
      be
      included in the related Group 2 Available Distribution Amount only to the extent
      of Realized Losses incurred during the related Due Period with respect to
      Mortgage Loans in Collateral Pool 2 and the remainder will be held in a reserve
      fund established by or on behalf of the Trust Administrator in order to offset
      any future Realized Losses incurred.

     

    Prepayment
      premiums or charges collected in respect of the Group 2 Mortgage Loans in any
      Loan Group included in Collateral Pool 2, to the extent required to be remitted
      to the Trust by the related Sub-Servicer in accordance with the applicable
      Sub-Servicing Agreement, will be distributed to the Holders of the Class 2-P
      Certificates and will not be included in the Group 2 Available Distribution
      Amount.

     

    “Group
      2
      Certificates”: The Group 2 Senior Certificates, the Group 2 Subordinate
      Certificates and the Class 2-P Certificates.

     

    “Group
      2
      Class A Certificates”: The Class 2-A1 Certificates, Class 2-A2 Certificates,
      Class 2-A3 Certificates, Class 2-A4 Certificates, Class 2-A5 Certificates and
      Class 2-A6 Certificates.

     

    “Group
      2
      Subordinate Certificates”: The Class 2-B1 Certificates, the Class 2-B2
      Certificates, the Class 2-B3 Certificates, the Class 2-B4 Certificates, the
      Class 2-B5 Certificates and the Class 2-B6 Certificates.

     

    “Group
      2 Component Mortgage Loan”:  Each Group 2
      Mortgage Loan with an Expense Adjusted Mortgage Rate greater than 6.500% per
      annum and less than 7.000% per annum.

     

     “Group
      2 Interest Only Certificates”: The Class 2-A2 Certificates and Class 2-A4
      Certificates.

     

     “Group
      2 Mortgage Loans”: The Mortgage Loans identified as such on the attached
      Mortgage Loan Schedule.

     

    “Group
      2
      Mortgage Loan Component”: With respect to a Subgroup, the portion of each Group
      2 Component Mortgage Loan included in such Subgroup based on the Applicable
      Fraction for such Subgroup.

     

     “Group
      2 Senior Certificates”: The Group 2 Class A Certificates, Class 2-PO
      Certificates, Class 2-XS Certificates and Class 2-R Certificates.

     

     “Group
      2 Senior Percentage”: With respect to any Distribution Date and a Subgroup
      included in Collateral Pool 2, the lesser of (a) 100% and (b) a fraction,
      expressed as a percentage, the numerator of which is the excess, if any, of
      the
      aggregate Certificate Principal Balance of the related Class A Certificates
      for
      such Distribution Date and, on the first Distribution Date, the related Class
      R
      Certificates, if applicable, over the aggregate amount, if any, payable to
      the
      Holders of the related Group 2 Senior Certificates on such date pursuant to
      clause (d) of the definition of “Senior Principal Distribution Amount,” and the
      denominator of which is the sum of (i) the Non-PO Percentages of the aggregate
      Scheduled Principal Balance of the Group 2 Mortgage Loans and Group 2 Mortgage
      Loan Components in the related Subgroup, plus (ii) the Non-PO Percentages of
      the
      aggregate Scheduled Principal Balance (or Applicable Fraction thereof if
      applicable) of the REO Properties in the related Subgroup, in each case before
      reduction for any Realized Losses on such Distribution Date.

     

    On
      any
      Distribution Date after the reduction of the Certificate Principal Balances
      of
      the Group 2 Class A Certificates relating to one Subgroup to zero, the Group
      2
      Senior Percentage with respect to the other Subgroup will be the lesser of
      (a)
      100% and (b) a fraction, expressed as a percentage, the numerator of which
      is
      the excess, if any, of the Certificate Principal Balance of the related Group
      2
      Class A Certificates for such Distribution Date over the aggregate amount,
      if
      any, payable to the Holders of the related Group 2 Class A Certificates on
      such
      date pursuant to clause (d) of the definition of “Senior Principal Distribution
      Amount,” and the denominator of which is the sum of (i) the Non-PO Percentages
      of the aggregate Scheduled Principal Balance of all Group 2 Mortgage Loans,
      plus
      (ii) the Non-PO Percentages of the aggregate Scheduled Principal Balance of
      the
      REO Properties in Loan Group 2, in each case before reduction for any Realized
      Losses on such Distribution Date.

     

    “Group
      2
      Senior Prepayment Percentage”: With respect to any Distribution Date and any
      Loan Group included in Collateral Pool 2, within the range indicated below,
      the
      percentage as indicated below:

     

    
      	
              
                Distribution
                  Date

              

            	 	
              
                Group
                  2 Senior Prepayment Percentage

              

            
	
              May
                2007 through April 2012

            	 	
              100%

            
	
              May
                2012 through April 2013

            	 	
              Group
                2 Senior Percentage, plus 70% of the Group 2 Subordinate
                Percentage

            
	
              May
                2013 through April 2014

            	 	
              Group
                2 Senior Percentage, plus 60% of the Group 2 Subordinate
                Percentage

            
	
              May
                2014 through April 2015

            	 	
              Group
                2 Senior Percentage, plus 40% of the Group 2 Subordinate
                Percentage

            
	
              May
                2015 through April 2016

            	 	
              Group
                2 Senior Percentage, plus 20% of the Group 2 Subordinate
                Percentage

            
	
              May
                2016 and thereafter

            	 	
              Group
                2 Senior Percentage

            

    

    

    provided,
      however, no reduction to a Group 2 Senior Prepayment Percentage
      described above shall be made as of any Distribution Date unless (i) the
      outstanding principal balance of the Group 2 Mortgage Loans delinquent 60 days
      or more (including REO Properties and Mortgage Loans in foreclosure) averaged
      over the last six months (or such fewer number of months as have elapsed from
      the Cut-Off Date through the end of the related Prepayment Period) does not
      exceed 50% of the sum of the then current Certificate Principal Balances of
      the
      Group 2 Subordinate Certificates and (ii) Realized Losses on the Group 2
      Mortgage Loans to date are less than the then applicable Trigger
      Amount.

     

    On
      any
      Distribution Date on which Realized Losses on the Group 2 Mortgage Loans to
      date
      are greater than the then applicable Trigger Amount, the Group 2 Senior
      Prepayment Percentage for each Subgroup within Collateral Pool 2 will be the
      greater of (x) the related Group 2 Senior Prepayment Percentage for such
      Distribution Date or (y) the related Group 2 Senior Prepayment Percentage for
      the immediately preceding Distribution Date.

     

    Notwithstanding
      the above, on any Distribution Date on which the Aggregate Senior Percentage
      for
      Collateral Pool 2 exceeds the initial Aggregate Senior Percentage for Collateral
      Pool 2, the Group 2 Senior Prepayment Percentage for each Subgroup within
      Collateral Pool 2 shall be 100%.

     

    Upon
      reduction of the Certificate Principal Balances of the related Group 2 Class
      A
      Certificates to zero, the Group 2 Senior Prepayment Percentage for the related
      Subgroup shall be 0%.

     

    “Group
      2
      Subordinate Blended Rate”:  The Group 2
      Subordinate Blended Rate for any Distribution Date and the Group
      2 Subordinate Certificates is a rate per annum equal to the weighted average
      of
      6.500% per annum (weighted on the basis of the results of subtracting from
      the
      aggregate Scheduled Principal Balance of the Group 2 Mortgage Loans and Group
      2
      Mortgage Loan Components in Subgroup 2-1 the aggregate Certificate
      Principal Balance of the Class 2-A1 Certificates and Class 2-A3
      Certificates) and 7.000% per annum (weighted on the basis of the results of
      subtracting from the aggregate Scheduled Principal Balance of the Group 2
      Mortgage Loans and Group 2 Mortgage Loan Components in Subgroup 2-2 the
      aggregate Certificate Principal Balance of the Class 2-A4 Certificates and
      Class 2-A6 Certificates).  For federal income tax purposes, the
      equivalent of the foregoing shall be expressed as the weighted average of the
      REMIC II-B Remittance Rates on REMIC II-B Regular Interest LT-2-B1, REMIC II-B
      Regular Interest LT-2-B2, REMIC II-B Regular Interest LT-2-B3, REMIC II-B
      Regular Interest LT-2-B4, REMIC II-B Regular Interest LT-2-B5 and REMIC II-B
      Regular Interest LT-2-B6, weighted on the basis of the Uncertificated Balance
      of
      each such REMIC II-B Regular Interest.

     

    “Group
      2
      Subordinate Certificates”: The Class 2-B1 Certificates, the Class 2-B2
      Certificates, the Class 2-B3 Certificates, the Class 2-B4 Certificates, the
      Class 2-B5 Certificates and the Class 2-B6 Certificates.

     

    “Group
      2
      Subordinate Percentage”: With respect to any Subgroup within Collateral Pool 2
      and any Distribution Date, 100% minus the Group 2 Senior
      Percentage.

     

    “Group
      2
      Subordinate Prepayment Percentage”: With respect to any Subgroup within
      Collateral Pool 2 and any Distribution Date, 100% minus the Group 2 Senior
      Prepayment Percentage.

     

    “HomeBanc”:
      HomeBanc Mortgage Corporation, or its successors in interest.

     

    “HomeBanc
      Mortgage Loans”: The Mortgage Loans originated by HomeBanc and serviced by Wells
      Fargo pursuant to the Initial Sub-Servicing Agreement to which it is a
      party.

     

     “Independent”:
      When used with respect to any specified Person, any such Person who (a) is
      in
      fact independent of the Depositor, the Master Servicer and their respective
      Affiliates, (b) does not have any direct financial interest in or any material
      indirect financial interest in the Depositor, the Master Servicer or any
      Affiliate thereof, and (c) is not connected with the Depositor, the Master
      Servicer or any Affiliate thereof as an officer, employee, promoter,
      underwriter, trustee, partner, director or Person performing similar functions;
      provided, however, that a Person shall not fail to be Independent of the
      Depositor, the Master Servicer or any Affiliate thereof merely because such
      Person is the beneficial owner of 1% or less of any class of securities issued
      by the Depositor or the Master Servicer or any Affiliate thereof, as the case
      may be.

     

    “Independent
      Contractor”: Either (i) any Person (other than the Master Servicer) that would
      be an “independent contractor” with respect to any REMIC within the meaning of
      Section 856(d)(3) of the Code if any REMIC were a real estate investment trust
      (except that the ownership tests set forth in that section shall be considered
      to be met by any Person that owns, directly or indirectly, 35% or more of any
      Class of Certificates), so long as any REMIC does not receive or derive any
      income from such Person and provided that the relationship between such Person
      and any REMIC is at arm’s length, all within the meaning of Treasury Regulation
      Section 1.856-4(b)(5), or (ii) any other Person (including the Master Servicer)
      if the Trust Administrator  has received an Opinion of Counsel for the
      benefit of the Trustee and the Trust Administrator to the effect that the taking
      of any action in respect of any REO Property by such Person, subject to any
      conditions therein specified, that is otherwise herein contemplated to be taken
      by an Independent Contractor will not cause such REO Property to cease to
      qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of
      the Code (determined without regard to the exception applicable for purposes
      of
      Section 860D(a) of the Code), or cause any income realized in respect of such
      REO Property to fail to qualify as Rents from Real Property.

     

    “Index”:
      With respect to any Adjustable-Rate Mortgage Loan, the index for the adjustment
      of the Mortgage Rate set forth as such on the related Mortgage
      Note.

     

    “Initial
      Sub-Servicer”:  Each of CitiMortgage, Countrywide Servicing,
      GreenPoint, National City Mortgage Co., OFS, SunTrust, Wachovia and Wells Fargo.

     

    “Initial
      Sub-Servicing Agreement”: With respect to the Mortgage Loans, (i) the Master
      Mortgage Loan Purchase and Servicing Agreement, dated as of September 1, 2006,
      between Citigroup Global Markets Realty Corp. as Initial Purchaser and Opteum
      Financial Services, LLC as Seller and Servicer, (ii) the Master Mortgage Loan
      Purchase and Servicing Agreement, dated as of February 1, 2005, and as amended
      on December 28, 2005, between Citigroup Global Markets Realty Corp. as Initial
      Purchaser and CitiMortgage, Inc. as Seller and Servicer, (iii) the Amended
      and
      Restated Master Mortgage Loan Purchase and Servicing Agreement, dated as of
      December 15, 2003, and as amended on February 28, 2006, between Countrywide
      Servicing and the Seller, as amended; (iv) the Master Mortgage Loan Purchase
      and
      Servicing Agreement, dated as of April 1, 2005, and as amended on May 1, 2006
      between Citigroup Global Markets Realty Corp. as Initial Purchaser and
      GreenPoint Mortgage Funding, Inc. as Seller and Servicer, (v) the Amended and Restated Master
      Seller’s
      Warranties and Servicing Agreement, dated as of September 1, 2003, as amended
      and restated to and including May 1, 2005, and as amended on April 5,
      2006, between National City
      Mortgage Co. and the Seller, (vi) the Amended and Restated Master
      Mortgage Loan Purchase and Servicing Agreement, dated as of July 1, 2005, as
      amended on February 22, 2006 and as further amended on March 16, 2007, between
      Citigroup Global Markets Realty Corp. as Initial Purchaser and SunTrust
      Mortgage, Inc. as Seller and Servicer, (vii) the Seller’s Purchase, Warranties
      and Servicing Agreement, dated as of January 1, 2007, between Citigroup Global
      Markets Realty Corp.  as Purchaser and Wachovia Mortgage Corporation
      as Seller and as amended by the Regulation AB Compliance Addendum, dated as
      of
      January 1, 2007, between Citigroup Global Markets Realty Corp as Purchaser
      and
      Wachovia Mortgage corporation as the Company and (viii) the Amended and Restated
      Master Mortgage Loan Purchase Agreement, dated as of March 1, 2006, between
      Wells Fargo and the Seller, as amended; each as modified as
      of the date
      hereof.

     

     “Insurance
      Proceeds”: Proceeds of any Primary Mortgage Insurance Policy, title policy,
      hazard policy or other insurance policy covering a Mortgage Loan, to the extent
      such proceeds are not to be applied to the restoration of the related Mortgaged
      Property or released to the Mortgagor in accordance with the procedures that
      the
      Master Servicer would follow in servicing mortgage loans held for its own
      account, subject to the terms and conditions of the related Mortgage Note and
      Mortgage.

     

     “Interest
      Accrual Period”: With respect to any Distribution Date and any Class of
      Certificates (other than any Floater Certificate or Inverse Floater
      Certificate), the calendar month preceding the month in which the Distribution
      Date occurs, and each such Interest Accrual Period shall be deemed to be 30
      days
      regardless of its actual length.  The Interest Accrual Period for any
      Distribution Date and any Floater Certificate or Inverse Floater Certificate
      is
      the one-month period commencing on the 25th day of
      the
      calendar month immediately preceding the month in which such Distribution Date
      occurs and ending on the 24th day of
      the
      calendar month in which such Distribution Date occurs and each such Interest
      Accrual Period will be deemed to be 30 days regardless of its actual
      length.  All distributions of interest on the Certificates will be
      based on a 360-day year consisting of twelve 30-day Interest Accrual
      Periods.

     

    “Interest
      Determination Date”: With
      respect to the Floater Certificates and the Inverse Floater Certificates and
      any
      Interest Accrual Period therefor, the second London Business Day preceding
      the
      commencement of such Interest Accrual Period.

     

     “Interest
      Distribution Amount”: With respect to any Class of Certificates or Component for
      any Distribution Date, an amount equal to one month’s interest accrued during
      the most recently ended Interest Accrual Period at the applicable Pass-Through
      Rate on the Certificate Principal Balance or Component Principal Balance or
      Notional Amount or Component Notional Amount of such Class of Certificates
      or
      Component, as the case may be, immediately prior to such Distribution
      Date.  The Interest Distribution Amount for any such Class of
      Certificates or Component, as the case may be, (a) will also include, in the
      case of any Distribution Date subsequent to the initial Distribution Date,
      the
      excess, if any, of the Interest Distribution Amount in respect of such Class
      or
      Component, as the case may be, for the immediately preceding Distribution Date,
      over the aggregate distributions of interest made in respect of such Class
      or
      Component, as the case may be, pursuant to Section 4.01(a)(1) on such
      immediately preceding Distribution Date and (b) will be reduced, in the case
      of
      any Distribution Date, by the amount of any Prepayment Interest Shortfalls
      (to
      the extent not covered by Compensating Interest Payments paid by related Initial
      Sub-Servicer or by the Master Servicer) and Relief Act Interest Shortfalls
      that
      were allocated to such Class or Component on such Distribution Date pursuant
      to
      Section 1.02. The Interest Distribution Amount for any Class of Certificates
      or
      Component, as the case may be, will be based on a 360 day year consisting of
      twelve 30-day Interest Accrual Periods.

     

    “Interest
      Only Certificates”:  The Group 1 Interest Only Certificates and the
      Group 2 Interest Only Certificates.

     

    “Interest
      Rate Cap Agreement:”  The interest rate cap agreement, dated as of
      April 30, 2007 between the Cap Trustee and the Interest Rate Cap Provider,
      including any schedule, confirmations, credit support annex or other credit
      support document relating thereto, and attached hereto as Exhibit
      J.

    

    “Interest
      Rate Cap Credit Support Annex:”  The credit support annex, dated as of
      April 30, 2007 between the Cap Trustee and the Interest Rate Cap Provider,
      which
      is annexed to and forms part of the Cap Agreement.

    

    “Interest
      Rate Cap Provider”:  The cap provider under the Interest Rate Cap
      Agreement.  Initially, the Interest Rate Cap Provider shall be Swiss
      Re Financial Products Corporation.

    

     “Inverse
      Floater Certificates”:  The Class 2-A2 Certificates and Class 2-A5
      Certificates.

     

     “Late
      Collections”: With respect to any Mortgage Loan, all amounts received subsequent
      to the Determination Date immediately following any Due Period, whether as
      late
      payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds
      or
      otherwise, which represent late payments or collections of principal and/or
      interest due (without regard to any acceleration of payments under the related
      Mortgage and Mortgage Note) but delinquent for such Due Period and not
      previously recovered.

     

    “Liquidation
      Event”: With respect to any Mortgage Loan, any of the following events: (i) such
      Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made
      as to
      such Mortgage Loan; or (iii) such Mortgage Loan is removed from the applicable
      Trust REMIC by reason of its being purchased, sold or replaced pursuant to
      or as
      contemplated by Section 2.03 or Section 3.16(c). With respect to any REO
      Property, either of the following events: (i) a Final Recovery Determination
      is
      made as to such REO Property; or (ii) such REO Property is removed from the
      applicable Trust REMIC by reason of its being purchased pursuant to Section
      9.01.

     

    “Liquidation
      Proceeds”: The amount (including any Insurance Proceeds or amounts received in
      respect of the rental of any REO Property prior to REO Disposition) received
      by
      the Master Servicer in connection with (i) the taking of all or a part of a
      Mortgaged Property by exercise of the power of eminent domain or condemnation,
      (ii) the liquidation of a defaulted Mortgage Loan through a trustee’s sale,
      foreclosure sale or otherwise, or (iii) the repurchase, substitution or sale
      of
      a Mortgage Loan or an REO Property pursuant to or as contemplated by Section
      2.03, Section 3.16(c), Section 3.23 or Section 9.01.

     

    “LoanCity”:
      LoanCity, or its successors in interest.

     

    “LoanCity
      Mortgage Loans”: The Mortgage Loans originated by LoanCity and serviced by
      CitiMortgage pursuant to the Initial Sub-Servicing Agreement to which it is
      a
      party.

     

     “Loan
      Group”: Any of Loan Group 1-1, Loan Group 1-2, Loan Group 1-3 and Loan Group
      1-4.

     

    “Loan
      Group 1-1”: The Loan Group consisting of the Group 1-1 Mortgage
      Loans.

     

    “Loan
      Group 1-2”: The Loan Group consisting of the Group 1-2 Mortgage
      Loans.

     

    “Loan
      Group 1-3”: The Loan Group consisting of the Group 1-3 Mortgage
      Loans.

     

    “Loan
      Group 1-4”: The Loan Group consisting of the Group 1-4 Mortgage
      Loans.

     

    “Loan-to-Value
      Ratio”: As of any date of determination, the fraction, expressed as a
      percentage, the numerator of which is the principal balance of the related
      Mortgage Loan at such date and the denominator of which is the Value of the
      related Mortgaged Property.

     

    “London
      Business Day”: Any day on which
      banks in the City of London and New York are open and conducting transactions
      in
      United States dollars.

     

    “Master
      Servicer”: CitiMortgage, Inc. or any successor master servicer appointed as
      herein provided, in its capacity as Master Servicer hereunder.

     

    “Master
      Servicer Certification”:  A written certification, substantially in
      the form attached hereto as Exhibit H, signed by an officer of the Master
      Servicer.

     

    “Master
      Servicer Event of Default”: One or more of the events described in Section
      7.01.

     

    “Master
      Servicer Remittance Date”: With respect to any Distribution Date, 12:00 p.m. New
      York time on the Business Day preceding the Distribution Date or if the
      Collection Account is held at Citibank (for so long as Citibank is the Paying
      Agent), 12:00 p.m. New York time on the Distribution Date.

     

    “Maximum
      Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
      percentage set forth in the related Mortgage Note as the maximum Mortgage Rate
      thereunder.

     

    “Metro
      City”: Metro City Mortgages Inc., or its successors in interest.

     

    “Metro
      City Mortgage Loans”: The Mortgage Loans originated by Metro City and serviced
      by CitiMortgage pursuant to the Initial Sub-Servicing Agreement to which it
      is a
      party.

     

     “MERS”:  Mortgage
      Electronic Registration Systems, Inc., a corporation organized and existing
      under the laws of the State of Delaware, or any successor thereto.

     

    “MERS
      System”:  The system of recording transfers of Mortgages
      electronically maintained by MERS.

     

    “MIN”:
      The Mortgage Identification Number for Mortgage Loans registered with MERS
      on
      the MERS System.

     

    “Minimum
      Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
      percentage set forth in the related Mortgage Note as the minimum Mortgage Rate
      thereunder.

     

     “MOM
      Loan”: With respect to any Mortgage Loans registered with MERS on the MERS®
System, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee
      for the originator of such Mortgage Loan and its successors and assigns, at
      the
      origination thereof.

     

    “Monthly
      Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of
      principal and interest on such Mortgage Loan which is payable by the related
      Mortgagor from time to time under the related Mortgage Note, determined: (a)
      after giving effect to (i) any Deficient Valuation and/or Debt Service Reduction
      with respect to such Mortgage Loan and (ii) any reduction in the amount of
      interest collectible from the related Mortgagor pursuant to the Relief Act;
      (b)
      without giving effect to any extension granted or agreed to by the Master
      Servicer pursuant to Section 3.07; and (c) on the assumption that all other
      amounts, if any, due under such Mortgage Loan are paid when due.

     

    “Moody’s”:
      Moody’s Investors Service, Inc., or its successor in interest.

     

     “Mortgage”:
      The mortgage, deed of trust or other instrument creating a first lien on, or
      first priority security interest in, a Mortgaged Property securing a Mortgage
      Note.

     

    “Mortgage
      File”: The mortgage documents listed in Section 2.01 pertaining to a particular
      Mortgage Loan and any additional documents required to be added to the Mortgage
      File pursuant to this Agreement.

     

    “Mortgage
      Loan”: Each mortgage loan transferred and assigned to the Trustee pursuant to
      Section 2.01 or Section 2.03 of this Agreement, as from time to time held as
      a
      part of REMIC I-A or REMIC II-A, as applicable, the Mortgage Loans so held
      being
      identified in the Mortgage Loan Schedule.

     

    “Mortgage
      Loan Purchase Agreement”: The agreement between the Depositor and the Seller
      regarding the transfer of the Mortgage Loans by the Seller to or at the
      direction of the Depositor, substantially in the form of Exhibit D annexed
      hereto.

     

    “Mortgage
      Loan Remittance Rate”: With respect to any Mortgage Loan or REO Property, as of
      any date of determination, the then applicable Expense Adjusted Mortgage Rate
      in
      respect thereof.

     

    “Mortgage
      Loan Schedule”: As of any date, the list of Mortgage Loans included in REMIC I-A
      or REMIC II-A on such date, attached hereto as Schedule 1. The Mortgage Loan
      Schedule shall set forth, but is not limited to, the following information
      with
      respect to each Mortgage Loan:

     

    (i)           the
      Master Servicer’s Mortgage Loan identifying number;

     

    (ii)           a
      code indicating whether the Mortgaged Property is owner-occupied;

     

    (iii)           the
      type of Residential Dwelling constituting the Mortgaged Property;

     

    (iv)           the
      original months to maturity;

     

    (v)           the
      original date of the mortgage;

     

    (vi)           the
      Loan-to-Value Ratio at origination;

     

    (vii)           the
      Mortgage Rate in effect immediately following the Cut-off Date;

     

    (viii)         the
      date on which the first Monthly Payment was due on the Mortgage
      Loan;

     

    (ix)           the
      stated maturity date;

     

    (x)           the
      amount of the Monthly Payment at origination;

     

    (xi)           the
      amount of the Monthly Payment as of the Cut-off Date;

     

    (xii)           the
      last Due Date on which a Monthly Payment was actually applied to the unpaid
      Stated Principal Balance;

     

    (xiii)          the
      original principal amount of the Mortgage Loan;

     

    (xiv)          the
      Scheduled Principal Balance of the Mortgage Loan as of the close of business
      on
      the Cut-off Date;

     

    (xv)           a
      code indicating the purpose of the Mortgage Loan (i.e., purchase financing,
      Rate/Term Refinancing, Cash-Out Refinancing);

     

    (xvi)          a
      code indicating the documentation style (i.e., full, alternative or
      reduced);

     

    (xvii)         a
      code indicating if the Mortgage Loan is subject to a Primary Mortgage Insurance
      Policy;

     

    (xviii)        the
      Value of the Mortgaged Property;

     

    (xix)           the
      sale price of the Mortgaged Property, if applicable;

     

    (xx)           the
      actual unpaid principal balance of the Mortgage Loan as of the Cut-off
      Date;

     

    (xxi)           the
      Servicing Fee Rate and whether the Servicing Fee Rate steps up on the initial
      Adjustment Date;

     

    (xxii)          if
      such Mortgage Loan is an Adjustable-Rate Mortgage Loan, the Maximum Mortgage
      Rate, Minimum Mortgage Rate, Gross Margin, Index and Periodic Rate
      Cap;

     

    (xxiii)         whether
      such Mortgage Loan has an interest-only period, and if so, the first Due Date
      on
      which Monthly Payments are scheduled to include principal
      amortization;

     

    (xxiv)         the
      Collateral Pool in which such Mortgage Loan shall reside, and in the case of
      each Collateral Pool, the Loan Group in which such Mortgage Loan shall
      reside;

     

    (xxv)         
      the originator of such Mortgage Loan and the Initial Sub-Servicer of such
      Mortgage Loan;

     

    (xxvi)       
       whether the Mortgage Loan is a Buydown Mortgage Loan; and

     

    (xxvii)        a
      code indicating if such Mortgage Loan is covered by lender-paid mortgage
      insurance.

     

    The
      Mortgage Loan Schedule shall set forth the following information with respect
      to
      the Mortgage Loans in the aggregate as of the Cut-off Date: (1) the number
      of
      Mortgage Loans; (2) the current principal balance of the Mortgage Loans; (3)
      the
      weighted average Mortgage Rate of the Mortgage Loans; (4) the weighted average
      maturity of the Mortgage Loans; (5) the Scheduled Principal Balance of the
      Mortgage Loans as of the close of business on the Cut-off Date (not taking
      into
      account any Principal Prepayments received on the Cut-off Date); and (6) the
      amount of the Monthly Payment as of the Cut-off Date. The Mortgage Loan Schedule
      shall be amended from time to time by the Depositor in accordance with the
      provisions of this Agreement. With respect to any Qualified Substitute Mortgage
      Loan, Cut-off Date shall refer to the related Cut-off Date for such Mortgage
      Loan, determined in accordance with the definition of Cut-off Date
      herein.

     

    “Mortgage
      Note”: The original executed note or other evidence of the indebtedness of a
      Mortgagor under a Mortgage Loan.

     

    “Mortgage
      Pool”: The pool of Mortgage Loans, identified on Schedule 1 from time to time,
      and any REO Properties acquired in respect thereof.

     

    “Mortgage
      Rate”: With respect to each Mortgage Loan, the annual rate at which interest
      accrues on such Mortgage Loan from time to time in accordance with the
      provisions of the related Mortgage Note, without regard to any reduction thereof
      as a result of a Debt Service Reduction or operation of the Relief Act. With
      respect to each Mortgage Loan that becomes an REO Property, as of any date
      of
      determination, the annual rate determined in accordance with the immediately
      preceding sentence as of the date such Mortgage Loan became an REO
      Property.

     

    “Mortgaged
      Property”: The underlying property securing a Mortgage Loan, including any REO
      Property, consisting of an Estate in Real Property improved by a Residential
      Dwelling.

     

    “MortgageIT”:
      MortgageIT, Inc., or its successors in interest.

     

    “MortgageIT
      Mortgage Loans”: The Mortgage Loans originated by MortgageIT and serviced by
      CitiMortgage pursuant to the Initial Sub-Servicing Agreement to which it is
      a
      party.

     

     “Mortgagor”:  The
      obligor on a Mortgage Note.

     

    “National
      City Mortgage Co.”: National City Mortgage Co., or its successors in
      interest.

     

    “National
      City Mortgage Inc.”: National City Mortgage Inc., or its successors in
      interest.

     

    “National
      City Mortgage Inc. Mortgage Loans”: The Mortgage Loans originated by National
      City Mortgage Inc. and serviced by National City Mortgage Co. pursuant to the
      Initial Sub-Servicing Agreement to which it is a party.

     

     “Net
      WAC Rate”:  The Net WAC Rate for any Distribution Date and any subset
      of the Mortgage Loans is a rate per annum equal to the weighted average of
      the
      Expense Adjusted Mortgage Rates of the Mortgage Loans in that subset, weighted
      based on their principal balances as of the first day of the related Due
      Period.

     

     “New
      Lease”: Any lease of REO Property entered into on behalf of REMIC I-A, or REMIC
      II-A, including any lease renewed or extended on behalf of REMIC I-A or REMIC
      II-A, if REMIC I-A or REMIC II-A, as applicable, has the right to renegotiate
      the terms of such lease.

     

    “Non-Class
      PO Percentage”: With respect to each Mortgage Loan, 100% less the related Class
      PO Percentage.  With respect to each Group 2 Mortgage Loan Component,
      the Non-PO Percentage will equal 100%.  With respect to each Group 2
      Mortgage Loan, the Non-PO Percentage will equal 100% minus the applicable Class
      PO Percentage.

     

     “Nonrecoverable
      P&I Advance”: Any P&I Advance previously made or proposed to be made in
      respect of a Mortgage Loan or REO Property that, in the good faith business
      judgment of the Master Servicer, will not or, in the case of a proposed P&I
      Advance, would not be ultimately recoverable from related late payments,
      Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property
      as provided herein.

     

     “Non-United
      States Person”:  Any Person other than a United States
      Person.

     

    “Notional
      Amount":  With respect to the Class 1-1IO Certificates at any time,
      the sum of the Certificate Principal Balance of the Class 1-A1A Certificates
      and
      the Certificate Principal Balance of the Class 1-A1B
      Certificates.  For federal income tax purposes, the Class 1-1IO
      Certificates will have a Notional Amount equal to the aggregate Uncertificated
      Balance of REMIC I-B Regular Interest LT-I-A1A and REMIC I-B Regular Interest
      LT-I-A1B. With respect to the Class 1-23IO Certificates at any time, the sum
      of
      the Component Notional Amount of the Class 1-2IO Component and the Component
      Notional Amount of the 1-3IO Component.  For federal income tax
      purposes, the Class 1-23IO Certificates will have a Notional Amount equal to
      the
      aggregate Uncertificated Balance of REMIC I-B Regular Interest LT-I-A2A, REMIC
      I-B Regular Interest LT-I-A3A, REMIC I-B Regular Interest LT-I-A2B and REMIC
      I-B
      Regular Interest LT-I-A3B.  With respect to the Class 1-4IO
      Certificates at any time, the sum of the Certificate Principal Balance of the
      Class 1-A4A Certificates and the Certificate Principal Balance of the Class
      1-A4B Certificates.  For federal income tax purposes, the Class 1-4IO
      Certificates will have a Notional Amount equal to the aggregate Uncertificated
      Balance of REMIC I-B Regular Interest LT-I-A4A and REMIC I-B Regular Interest
      LT-I-A4B.  With respect to the Class 2-A2 Certificates at any time,
      the Certificate Principal Balance of the Class 2-A1 Certificates.  For
      federal income tax purposes, the Class 2-A2 Certificates will have a Notional
      Amount equal to the Uncertificated Balance of REMIC II-B Regular Interest
      LT-2-A1.  With respect to the Class 2-A5 Certificates at any time, the
      Certificate Principal Balance of the Class 2-A4 Certificates.  For
      federal income tax purposes, the Class 2-A5 Certificates will have a Notional
      Amount equal to the Uncertificated Balance of REMIC II-B Regular Interest
      LT-2-A4.  With respect to the Class 2-XS Certificates for any
      Distribution Date, the aggregate scheduled principal balance, as of the first
      day of the related Due Period, of the Class 2-XS Mortgage Loans times a
      fraction, the numerator of which is (x) the excess of (A) the Net WAC Rate
      for
      the Class 2-XS Mortgage Loans over (B) 7.000% per annum, and the denominator
      of
      which is (y) 6.500% per annum.  For federal income tax purposes, the
      Class 2-XS Certificates will not have a Notional Amount but will be entitled
      to
      100% of amounts distribute on REMIC II-B Regular Interest LT-XS1.

     

    “Officers’
      Certificate”: A certificate signed by the Chairman of the Board, the Vice
      Chairman of the Board, the President or a vice president (however denominated),
      and by the Treasurer, the Secretary, or one of the assistant treasurers or
      assistant secretaries of the Seller or the Depositor, as applicable; with
      respect to the Master Servicer, any officer who is authorized to act for the
      Master Servicer in matters relating to this Agreement, and whose action is
      binding upon the Master Servicer, initially including those individuals whose
      names appear on the list of authorized officers delivered at the
      closing.

     

     “One-Month
      LIBOR”: With respect to the Floater Certificates and Inverse Floater
      Certificates and any Interest Accrual Period therefor, the rate determined
      by
      the Trust Administrator on the related Interest Determination Date on the basis
      of the offered rate for one-month U.S. dollar deposits, as such rate appears
      on
      Telerate Page 3750, Bloomberg Page BBAM as of 11:00 a.m. (London time) on such
      Interest Determination Date; provided that if such rate does not appear on
      Telerate Page 3750, Bloomberg Page BBAM, the rate for such date will be
      determined on the basis of the offered rates of the Reference Banks for
      one-month U.S. dollar deposits, as of 11:00 a.m. (London time) on such Interest
      Determination Date.  In such event, the Trust Administrator will
      request the principal London office of each of the Reference Banks to provide
      a
      quotation of its rate.  If on such Interest Determination Date, two or
      more Reference Banks provide such offered quotations, One-Month LIBOR for the
      related Interest Accrual Period shall be the arithmetic mean of such offered
      quotations (rounded upwards if necessary to the nearest whole multiple of
      1/16%).  If on such Interest Determination Date, fewer than two
      Reference Banks provide such offered quotations, One-Month LIBOR for the related
      Interest Accrual Period shall be the higher of (i) One-Month LIBOR as determined
      on the previous Interest Determination Date and (ii) the Reserve Interest
      Rate.  Notwithstanding the foregoing, if, under the priorities
      described above, One-Month LIBOR for an Interest Determination Date would be
      based on One-Month LIBOR for the previous Interest Determination Date for the
      third consecutive Interest Determination Date, the Trust Administrator shall
      select an alternative comparable index (over which the Trust Administrator
      has
      no control), used for determining one-month Eurodollar lending rates that is
      calculated and published (or otherwise made available) by an independent
      party.

     

     “Opinion
      of Counsel”: A written opinion of counsel, who may, without limitation, be
      salaried counsel for the Depositor, the Master Servicer or the Trust
      Administrator acceptable to the Trustee, if such opinion is delivered to the
      Trustee, or reasonably acceptable to the Trust Administrator, if such opinion
      is
      delivered to the Trust Administrator, except that any opinion of counsel
      relating to (a) the qualification of any Trust REMIC as a REMIC or (b)
      compliance with the REMIC Provisions must be an opinion of Independent
      counsel.

     

    “OFS”:
      Opteum Financial Services, LLC, or its successors in interest.

     

    “OFS
      Mortgage Loans”: The Mortgage Loans originated by OFS and serviced by Cenlar as
      a subservicer for OFS pursuant to the Initial Sub-Servicing Agreement to which
      it is a party.

     

     “Original
      Mortgage Loan”: Any Mortgage Loan included in the Trust Fund as of the Closing
      Date.

     

    “Originator”:
      American Home, American Mortgage, Countrywide, GreenPoint, HomeBanc, LoanCity,
      Metro City, MortgageIT, National City Mortgage Inc., OFS, Quicken, Secured
      Bankers, SilverState, SunTrust, Taylor, Bean, Wachovia, Weichert and Wells Fargo.

     

    “Overcollateralized
      Amount”: As to any Distribution Date and a Collateral Pool, an amount equal to
      the sum of the Undercollateralized Amounts for the Loan Groups or Subgroups
      relating to the same Collateral Pool.

     

    “Overcollateralized
      Loan Group”: With respect to the Class A Certificates relating to any Collateral
      Pool, as to any Distribution Date on which there are one or more
      Undercollateralized Loan Groups, any Loan Group or Subgroup within such
      Collateral Pool for which there is no Undercollateralized Amount.

     

     “Ownership
      Interest”: As to any Certificate, any ownership or security interest in such
      Certificate, including any interest in such Certificate as the Holder thereof
      and any other interest therein, whether direct or indirect, legal or beneficial,
      as owner or as pledgee.

     

    “Pass-Through
      Rate”:

     

    The
      Pass-Through Rate for each Class of Certificates and each Distribution Date
      will
      be as follows:

     

    
      	 	
              Class
                1-A1A and Class 1-A1B:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 32nd Distribution Date, a per annum rate equal to the
                Net
                WAC Rate of the Group 1-1 Mortgage Loans minus 0.21657%. For each
                Distribution Date after the 32nd Distribution Date, a per annum rate
                equal
                to the Net WAC Rate of the Group 1-1 Mortgage Loans minus
                0.500%.  For federal income tax purposes the equivalent of the
                foregoing shall be expressed as the weighted average of the REMIC
                I-B
                Remittance Rates on REMIC I-B Regular Interest LT-I-A1A and REMIC
                I-B
                Regular Interest LT-I-A1B, weighted on the basis of the Uncertificated
                Balance of each such REMIC I-B Regular Interest minus (i) 0.21657%
                for
                each Distribution Date prior to the 32nd  Distribution Date and
                (i) 0.500% after the 32nd Distribution Date.

               

            
	 	
              Class
                1-1IO:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 32nd Distribution Date, 0.21657% per annum. For each
                Distribution Date after the 32nd Distribution Date, 0.500% per
                annum.

               

            
	 	
              Class
                1-A2A:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 56th Distribution Date, a per annum rate equal to the
                Net
                WAC Rate of the Group 1-2 Mortgage Loans minus 0.73102%. For each
                Distribution Date after the 56th Distribution Date, a per annum rate
                equal
                to the Net WAC Rate of the Group 1-2 Mortgage Loans minus
                0.500%.  For federal income tax purposes the equivalent of the
                foregoing shall be expressed as the weighted average of the REMIC
                I-B
                Remittance Rate on REMIC I-B Regular Interest LT-I-A2A, weighted
                on the
                basis of the Uncertificated Balance of such REMIC I-B Regular Interest
                minus (i) 0.21657% for each Distribution Date prior to the
                56th  Distribution Date and (i) 0.500% after the 56th
                Distribution Date 0.73102%.

               

            
	 	
              Class
                1-A3A:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 57th Distribution Date, a per annum rate equal to the
                Net
                WAC Rate of the Group 1-3 Mortgage Loans minus 0.46882%. For each
                Distribution Date after the 57th Distribution Date, a per annum rate
                equal
                to the Net WAC Rate of the Group 1-3 Mortgage Loans minus
                0.500%.  For federal income tax purposes the equivalent of the
                foregoing shall be expressed as the weighted average of the REMIC
                I-B
                Remittance Rate on REMIC I-B Regular Interest LT-I-A3A, weighted
                on the
                basis of the Uncertificated Balance of such REMIC I-B Regular Interest
                minus (i) 0.46882% for each Distribution Date prior to the 57th
                Distribution Date and (i) 0.500% after the 57th Distribution
                Date.

               

            
	 	
              Class
                1-A23B:

               

            	
              For
                each Distribution Date a per annum rate equal to the weighted average
                of
                the pass-through rate for the 1-A2B Component and the pass-through
                rate
                for the Class 1-A3B Component, weighted on the basis of the Component
                Principal Balances of the 1-A2B Component and the 1-A3B Component,
                respectively.  For federal income tax purposes the equivalent of
                the foregoing shall be expressed as the weighted average of the REMIC
                I-B
                Remittance Rates on REMIC I-B Regular Interest LT-I-A2B and REMIC
                I-B
                Regular Interest LT-I-A3B, weighted on the basis of the Uncertificated
                Balance of each such REMIC I-B Regular Interest.

               

            
	 	
              Class
                1-23IO:

               

            	
              For
                each Distribution Date a per annum rate equal to the weighted average
                of
                the pass-through rate for the 1-2IO Component and the pass-through
                rate
                for the Class 1-3IO Component, weighted on the basis of the Component
                Notional Amounts of the 1-2IO Component and the 1-3IO Component,
                respectively.  For federal income tax purposes the equivalent of
                the foregoing shall be expressed as 0.60% per annum.

               

            
	 	
              Class
                1-A4A and Class 1-A4B:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 80th Distribution Date, a per annum rate equal to the
                Net
                WAC Rate of the Group 1-4 Mortgage Loans minus 0.47352%. For each
                Distribution Date after the 80th Distribution Date, a per annum rate
                equal
                to the Net WAC Rate of the Group 1-4 Mortgage Loans minus
                0.500%.  For federal income tax purposes the equivalent of the
                foregoing shall be expressed as the weighted average of the REMIC
                I-B
                Remittance Rates on REMIC I-B Regular Interest LT-I-A4A and REMIC
                I-B
                Regular Interest LT-I-A4B, weighted on the basis of the Uncertificated
                Balance of each such REMIC I-B Regular Interest minus (i) minus 0.47352%
                for each Distribution Date prior to the 80th  Distribution Date
                and (i) 0.500% after the 80th Distribution Date.

               

            
	 	
              Class
                1-4IO:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 80th Distribution Date, 0.47352% per annum. For each
                Distribution Date after the 80th  Distribution Date, 0.500% per
                annum.

               

            
	 	
              Group
                1 Subordinate Certificates:

               

            	
              For
                any Distribution Date, the Group 1 Subordinate Net WAC Rate for the
                Group
                1 Subordinate Certificates and that Distribution Date.

               

            
	 	
              Class
                1-R:

               

            	
              For
                any Distribution Date, the Net WAC Rate of the Group 1-1 Mortgage
                Loans.  For federal income tax purposes the equivalent of the
                foregoing shall be expressed as the weighted average of the REMIC
                I-B
                Remittance Rates on REMIC I-B Regular Interest LT-I-A1A and REMIC
                I-B
                Regular Interest LT-I-A1B, weighted on the basis of the Uncertificated
                Balance of each such REMIC I-B Regular Interest.

               

            
	 	
              Class
                2-A1:

               

            	
              One-month
                LIBOR plus 0.500% per annum, subject to a cap equal to 6.500% per
                annum
                and a floor equal to 0.500% per annum.

               

            
	 	
              Class
                2-A2:

               

            	
              6.000%
                per annum minus one-month LIBOR, subject to a cap equal to 6.000%
                per
                annum and a floor equal to 0.000% per annum.

               

            
	 	
              Class
                2-A3:

               

            	
              6.500%
                per annum.

               

            
	 	
              Class
                2-A4:

               

            	
              One-month
                LIBOR plus 0.350% per annum, subject to a cap equal to 7.000% per
                annum
                and a floor equal to 0.350% per annum.

               

            
	 	
              Class
                2-A5:

               

            	
              6.650%
                per annum minus one-month LIBOR, subject to a cap equal to 6.650%
                per
                annum and a floor equal to 0.000% per annum.

               

            
	 	
              Class
                2-A6:

               

            	
              7.000%
                per annum.

               

            
	 	
              Class
                2-XS:

               

            	
              6.500%
                per annum.  For federal income tax purposes, the Class 2-XS
                Certificates will not have a Pass-Through Rate, but will be entitled
                to
                100% of amounts distributed on REMIC II-B Regular Interest
                LT-XS1.

               

            
	 	
              Group
                2 Subordinate Certificates:

               

            	
              For
                any Distribution Date, the Group 2 Subordinate Blended Rate for the
                Group
                2 Subordinate Certificates for such Distribution Date.

               

            
	 	
              Class
                2-R:

               

            	
              For
                any Distribution Date, 6.500% per annum.

               

            

    

    

     

    The
      Pass-Through Rate for each Component and each Distribution Date will be as
      follows:

     

    
      	 	
              1-A2B
                Component:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 56th Distribution Date, a per annum rate equal to the
                Net
                WAC Rate of the Group 1-2 Mortgage Loans minus 0.73102%. For each
                Distribution Date after the 56th Distribution Date, a per annum rate
                equal
                to the Net WAC Rate of the Group 1-2 Mortgage Loans minus
                0.500%.

               

            
	 	
              1-A3B
                Component:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 57th Distribution Date, a per annum rate equal to the
                Net
                WAC Rate of the Group 1-3 Mortgage Loans minus 0.46882%. For each
                Distribution Date after the 57th Distribution Date, a per annum rate
                equal
                to the Net WAC Rate of the Group 1-3 Mortgage Loans minus
                0.500%.

               

            
	 	
              1-2IO
                Component:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 56th Distribution Date, 0.73102% per annum. For each
                Distribution Date after the 56th Distribution Date, 0.500% per
                annum.

               

            
	 	
              1-3IO
                Component:

               

            	
              For
                each Distribution Date commencing on the first Distribution Date
                to and
                including the 57th Distribution Date, 0.46882% per annum. For each
                Distribution Date after the 57th Distribution Date, 0.500% per
                annum.

               

            

    

    

     

    “Paying
      Agent”:  Citibank, or its successor in interest, or any successor
      paying agent appointed as herein provided.

     

    “Periodic
      Rate Cap”: With respect to each Adjustable-Rate Mortgage Loan and any Adjustment
      Date therefor, the fixed percentage set forth in the related Mortgage Note,
      which is the maximum amount by which the Mortgage Rate for such Mortgage Loan
      may increase or decrease (without regard to the Maximum Mortgage Rate or the
      Minimum Mortgage Rate) on such Adjustment Date from the Mortgage Rate in effect
      immediately prior to such Adjustment Date.

     

    “Percentage
      Interest”: With respect to any Class of Certificates, the portion of the
      respective Class evidenced by such Certificate, expressed as a percentage,
      the
      numerator of which is the initial Certificate Principal Balance or Notional
      Amount represented by such Certificate, and the denominator of which is the
      initial aggregate Certificate Principal Balance or Notional Amount of all of
      the
      Certificates of such Class. The Book-Entry Certificates are issuable only in
      Percentage Interests corresponding to initial Certificate Principal Balances
      or
      Notional Amounts of $100,000 and integral multiples of $1.00 in excess
      thereof.  The Residual Certificates and the Class P Certificates are
      issuable only in Percentage Interests of 20% and multiples thereof.

     

    “Permitted
      Investments”: Any one or more of the following obligations or securities
      acquired at a purchase price of not greater than par, regardless of whether
      issued by the Depositor, the Master Servicer, the Trustee, the Paying Agent,
      the
      Authenticating Agent, the Certificate Registrar, the Trust Administrator or
      any
      of their respective Affiliates:

     

    (i)           direct
      obligations of, or obligations fully guaranteed as to timely payment of
      principal and interest by, the United States or any agency or instrumentality
      thereof, provided such obligations are backed by the full faith and credit
      of
      the United States;

     

    (ii)           demand
      and time deposits in, certificates of deposit of, or bankers’ acceptances (which
      shall each have an original maturity of not more than 90 days and, in the case
      of bankers’ acceptances, shall in no event have an original maturity of more
      than 365 days or a remaining maturity of more than 30 days) denominated in
      United States dollars and issued by, any Depository Institution;

     

    (iii)           repurchase
      obligations with respect to any security described in clause (i) above entered
      into with a Depository Institution (acting as principal);

     

    (iv)           securities
      bearing interest or sold at a discount that are issued by any corporation
      incorporated under the laws of the United States of America or any state thereof
      and that are rated by the Rating Agencies in its highest long-term unsecured
      rating category at the time of such investment or contractual commitment
      providing for such investment;

     

    (v)           commercial
      paper (including both non-interest-bearing discount obligations and
      interest-bearing obligations payable on demand or on a specified date not more
      than 30 days after the date of acquisition thereof) that is rated by the Rating
      Agencies in its highest short-term unsecured debt rating available at the time
      of such investment;

     

    (vi)           units
      of money market funds, including money market funds advised by the Trustee,
      the
      Trust Administrator or an Affiliate of either of them, that have been rated
      “AAA” by S&P and in the highest rating category by Fitch if rated by Fitch;
      and

     

    (vii)           if
      previously confirmed in writing to the Master Servicer, the Trustee and the
      Trust Administrator, any other demand, money market or time deposit, or any
      other obligation, security or investment, as may be acceptable to the Rating
      Agencies as a permitted investment of funds backing securities having ratings
      equivalent to its highest initial rating of the Senior
      Certificates;

     

    provided,
      however, that no instrument described hereunder shall evidence either the right
      to receive (a) only interest with respect to the obligations underlying such
      instrument or (b) both principal and interest payments derived from obligations
      underlying such instrument and the interest and principal payments with respect
      to such instrument provide a yield to maturity at par greater than 120% of
      the
      yield to maturity at par of the underlying obligations.

     

    “Permitted
      Transferee”: Any Transferee of a Residual Certificate other than a Disqualified
      Organization or Non-United States Person.

     

    “Person”:
      Any individual, corporation, partnership, limited liability company, joint
      venture, association, joint-stock company, trust, unincorporated organization
      or
      government or any agency or political subdivision thereof.

     

    “P&I
      Advance”: As to any Mortgage Loan or REO Property, any advance made by the
      Master Servicer in respect of any Distribution Date pursuant to Section
      4.03.

     

     “Plan”:
      Any employee benefit plan or certain other retirement plans and arrangements,
      including individual retirement accounts and annuities, Keogh plans and bank
      collective investment funds and insurance company general or separate accounts
      in which such plans, accounts or arrangements are invested, that are subject
      to
      ERISA or Section 4975 of the Code.

     

     “Prepayment
      Assumption”: A prepayment rate for the Mortgage Loans in Collateral Pool 1 and
      Collateral Pool 2 of 25% CPR.  The Prepayment Assumption is used
      solely for determining the accrual of original issue discount on the
      Certificates for federal income tax purposes.  A CPR (Constant
      Prepayment Rate) represents an annualized constant assumed rate of prepayment
      each month of a pool of mortgage loans relative to its outstanding principal
      balance for the life of such pool.  

     

    “Prepayment
      Charge Mortgage Loans”: The Class P Certificates will be entitled to all
      prepayment premiums or charges received in respect of the Mortgage
      Loans.

     

     “Prepayment
      Interest Shortfall”:  With respect to any Distribution Date, for each
      Mortgage Loan that was during the related Prepayment Period the subject of
      a
      Principal Prepayment in full or in part occurring between the first day of
      the
      related Prepayment Period and the last day of the calendar month preceding
      the
      calendar month in which such Distribution Date occurs, an amount equal to
      interest at the applicable Mortgage Loan Remittance Rate on the amount of such
      Principal Prepayment for the number of days commencing on the date on which
      the
      prepayment is applied and ending on the last day of the calendar month preceding
      the calendar month in which such Distribution Date occurs. The obligations
      of
      the Master Servicer in respect of any Prepayment Interest Shortfall are set
      forth in Section 3.24.

     

                          “Prepayment
      Period”: With respect to any Mortgage Loans serviced by Countrywide Servicing
      and any Distribution Date, the period that commences on the second day of the
      month immediately preceding the month in which such Distribution Date occurs
      and
      ends on the first day of the month in which such Distribution Date occurs.
      With
      respect to any Mortgage Loans serviced by CitiMortgage, GreenPoint, National
      City, SunTrust or Wachovia and any Distribution Date, the calendar month
      immediately preceding the month in which such Distribution Date
      occurs.  With respect to Mortgage Loans servicing by OFS and
      subserviced by Cenlar and any Distribution Date, (i) with respect to any
      prepayments in full, liquidations and other unscheduled collections (other
      than
      prepayments in part), the period commencing on the 14th day of the calendar
      month preceding the calendar month in which such Distribution Date occurs (or,
      in the case of the first Distribution Date, commencing on April 1, 2007) and
      ending on the 13th day of the calendar month in which such Distribution Date
      occurs and (ii) with respect to any prepayments in part, the calendar month
      immediately preceding the month in which such Distribution Date
      occurs.  With respect to Mortgage Loans serviced by Wells Fargo but
      originated by an originator other than Wells Fargo and any Distribution Date
      is,
      (i) with respect to any prepayments in full, liquidations and other unscheduled
      collections (other than prepayments in part) on the mortgage loans serviced
      by
      Wells Fargo, the period commencing on the 14th day of the calendar month
      preceding the calendar month in which such Distribution Date occurs (or, in
      the
      case of the first Distribution Date, commencing on April 1, 2007) and ending
      on
      the 13th day of the calendar month in which such Distribution Date occurs and
      (ii) with respect to any prepayments in part, the calendar month immediately
      preceding the month in which such Distribution Date occurs. With respect to
      Mortgage Loans originated by Wells Fargo and any Distribution Date is, with
      respect to any prepayments in full, prepayments in part, liquidations and other
      unscheduled collections on the mortgage loans serviced by Wells Fargo, the
      calendar month immediately preceding the month in which such Distribution Date
      occurs.

     

     “Primary
      Mortgage Insurance Policy”: Each primary policy of mortgage guaranty insurance
      in effect as represented in the Mortgage Loan Purchase Agreement and as so
      indicated on the Mortgage Loan Schedule, or any replacement policy therefor
      obtained by the Master Servicer or any Sub-Servicer pursuant to Section
      3.13.

     

     “Prime
      Rate”: The lesser of (i) the per annum rate of interest, publicly announced from
      time to time by JPMorgan Chase Bank, N.A. at its principal office in the City
      of
      New York, as its prime or base lending rate (any change in such rate of interest
      to be effective on the date such change is announced by JPMorgan Chase Bank,
      N.A.) and (ii) the maximum rate permissible under applicable usury or similar
      laws limiting interest rates.

     

    “Principal
      Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan
      which is received in advance of its scheduled Due Date and which is not
      accompanied by an amount of interest representing the full amount of scheduled
      interest due on any Due Date in any month or months subsequent to the month
      of
      prepayment.

     

    “Private
      Certificates”: The Class 1-B4 Certificates, Class 1-B5 Certificates, Class 1- B6
      Certificates, Class 2-B4 Certificates, Class 2-B5 Certificates, Class 2- B6
      Certificates, the Class 1-P Certificates and the Class 2-P
      Certificates.

     

    “Purchase
      Price”: With respect to any Mortgage Loan or REO Property to be purchased
      pursuant to or as contemplated by Section 2.03, Section 3.16(c) or Section
      9.01,
      and as confirmed by an Officers’ Certificate from the Master Servicer to the
      Trustee and the Trust Administrator, an amount equal to the sum of: (i) 100%
      of
      the Stated Principal Balance thereof as of the date of purchase (or such other
      price as provided in Section 9.01), (ii) in the case of (x) a Mortgage Loan,
      accrued interest on such Stated Principal Balance at the applicable Mortgage
      Loan Remittance Rate in effect from time to time from the Due Date as to which
      interest was last covered by a payment by the Mortgagor or an advance by the
      Master Servicer, which payment or advance had as of the date of purchase been
      distributed pursuant to Section 4.01, through the end of the calendar month
      in
      which the purchase is to be effected, and (y) an REO Property, the sum of (1)
      accrued interest on such Stated Principal Balance at the applicable Mortgage
      Loan Remittance Rate in effect from time to time from the Due Date as to which
      interest was last covered by a payment by the Mortgagor or an advance by the
      Master Servicer through the end of the calendar month immediately preceding
      the
      calendar month in which such REO Property was acquired, plus (2) REO Imputed
      Interest for such REO Property for each calendar month commencing with the
      calendar month in which such REO Property was acquired and ending with the
      calendar month in which such purchase is to be effected, minus the total of
      all
      net rental income, Insurance Proceeds, Liquidation Proceeds and P&I Advances
      that as of the date of purchase had been distributed as or to cover REO Imputed
      Interest pursuant to Section 4.01, (iii) any unreimbursed Servicing Advances
      and
      P&I Advances and any unpaid Servicing Fees allocable to such Mortgage Loan
      or REO Property; (iv) any amounts previously withdrawn from the Collection
      Account in respect of such Mortgage Loan or REO Property pursuant to Sections
      3.11(a)(ix) and Section 3.16(b), and (v) in the case of a Mortgage Loan required
      to be purchased pursuant to Section 2.03, expenses incurred or to be incurred
      by
      the Trust Fund in respect of the breach or defect giving rise to the purchase
      obligation including any costs and damages incurred by the Trust Fund in
      connection with any violation of any predatory or abusive lending law with
      respect to the related Mortgage Loan.

     

    “Qualified
      Insurer”: Any insurer which meets the requirements of Fannie Mae and Freddie
      Mac.

     

    “Qualified
      Substitute Mortgage Loan”: A mortgage loan substituted for a Deleted Mortgage
      Loan pursuant to the terms of this Agreement which must, on the date of such
      substitution, (i) have an outstanding principal balance, after application
      of
      all scheduled payments of principal and interest due during or prior to the
      month of substitution, not in excess of the Scheduled Principal Balance of
      the
      Deleted Mortgage Loan as of the Due Date in the calendar month during which
      the
      substitution occurs, (ii) have a Mortgage Rate not less than (and not more
      than
      one percentage point in excess of) the Mortgage Rate of the Deleted Mortgage
      Loan, (iii) have a Maximum Mortgage Rate not less than the Maximum Mortgage
      Rate
      on the Deleted Mortgage Loan, (iv) have a Minimum Mortgage Rate not less than
      the Minimum Mortgage Rate of the Deleted Mortgage Loan, (v) have a Gross Margin
      equal to the Gross Margin of the Deleted Mortgage Loan, (vi) have a next
      Adjustment Date not more than two months later than the next Adjustment Date
      on
      the Deleted Mortgage Loan, (vii) be covered under a Primary Mortgage Insurance
      Policy if such Qualified Substitute Mortgage Loan has a Loan-to-Value Ratio
      in
      excess of 80% and the Deleted Mortgage Loan was covered by a Primary Mortgage
      Insurance Policy, (viii) have a remaining term to maturity not greater than
      (and
      not more than one year less than) that of the Deleted Mortgage Loan, (ix) have
      the same Due Date as the Due Date on the Deleted Mortgage Loan, (x) have a
      Loan-to-Value Ratio as of the date of substitution equal to or lower than the
      Loan-to-Value Ratio of the Deleted Mortgage Loan as of such date, (xi)
      [intentionally omitted]; and (xii) conform to each representation and warranty
      set forth in Section 6 of the Mortgage Loan Purchase Agreement applicable to
      the
      Deleted Mortgage Loan. In the event that one or more mortgage loans are
      substituted for one or more Deleted Mortgage Loans, the amounts described in
      clause (i) hereof shall be determined on the basis of aggregate principal
      balances, the Mortgage Rates described in clause (ii) hereof shall be determined
      on the basis of weighted average Mortgage Rates, the terms described in clause
      (viii) shall be determined on the basis of weighted average remaining terms
      to
      maturity, the Loan-to-Value Ratios described in clause (x) hereof shall be
      satisfied as to each such mortgage loan and, except to the extent otherwise
      provided in this sentence, the representations and warranties described in
      clause (xii) hereof must be satisfied as to each Qualified Substitute Mortgage
      Loan or in the aggregate, as the case may be.

     

    “Quicken”:
      Quicken Loans, Inc., or its successors in interest.

     

    “Quicken
      Mortgage Loans”: The Mortgage Loans originated by Quicken and serviced by
      CitiMortgage pursuant to the Initial Sub-Servicing Agreement to which it is
      a
      party.

     

     “Rate/Term
      Refinancing”: A Refinanced Mortgage Loan, the proceeds of which are not in
      excess of the existing first mortgage loan on the related Mortgaged Property
      and
      related closing costs, and were used exclusively to satisfy the then existing
      first mortgage loan of the Mortgagor on the related Mortgaged Property and
      to
      pay related closing costs.

     

    “Rating
      Agencies”: S&P, Moody’s and Fitch or their successors. If such agencies or
      their successors are no longer in existence, the “Rating Agencies” shall be such
      nationally recognized statistical rating agencies, or other comparable Persons,
      designated by the Depositor, written notice of which designation shall be given
      to the Trustee, the Trust Administrator, the Paying Agent, the Authenticating
      Agent, the Certificate Registrar and the Master Servicer.

     

    “Realized
      Loss”: With respect to each Mortgage Loan as to which a Final Recovery
      Determination has been made, an amount (not less than zero) equal to (i) the
      unpaid principal balance of such Mortgage Loan as of the commencement of the
      calendar month in which the Final Recovery Determination was made, plus (ii)
      accrued interest from the Due Date as to which interest was last paid by the
      Mortgagor through the end of the calendar month in which such Final Recovery
      Determination was made, calculated in the case of each calendar month during
      such period (A) at an annual rate equal to the annual rate at which interest
      was
      then accruing on such Mortgage Loan and (B) on a principal amount equal to
      the
      Stated Principal Balance of such Mortgage Loan as of the close of business
      on
      the Distribution Date during such calendar month, plus (iii) any amounts
      previously withdrawn from the Collection Account in respect of such Mortgage
      Loan pursuant to Section 3.11(a)(ix) and Section 3.16(b), minus (iv) the
      proceeds, if any, received in respect of such Mortgage Loan prior to the date
      such Final Recovery Determination was made, net of amounts that are payable
      therefrom to the Master Servicer with respect to such Mortgage Loan pursuant
      to
      Section 3.11(a)(iii).

     

    With
      respect to any REO Property as to which a Final Recovery Determination has
      been
      made an amount (not less than zero) equal to (i) the unpaid principal balance
      of
      the related Mortgage Loan as of the date of acquisition of such REO Property
      on
      behalf of any REMIC, plus (ii) accrued interest from the Due Date as to which
      interest was last paid by the Mortgagor in respect of the related Mortgage
      Loan
      through the end of the calendar month immediately preceding the calendar month
      in which such REO Property was acquired, calculated in the case of each calendar
      month during such period (A) at an annual rate equal to the annual rate at
      which
      interest was then accruing on the related Mortgage Loan and (B) on a principal
      amount equal to the Stated Principal Balance of the related Mortgage Loan as
      of
      the close of business on the Distribution Date during such calendar month,
      plus
      (iii) REO Imputed Interest for such REO Property for each calendar month
      commencing with the calendar month in which such REO Property was acquired
      and
      ending with the calendar month that occurs during the Prepayment Period in
      which
      such Final Recovery Determination was made, plus (iv) any amounts previously
      withdrawn from the Collection Account in respect of the related Mortgage Loan
      pursuant to Section 3.11(a)(ix) and Section 3.16(b), minus (v) the aggregate
      of
      all Servicing Advances made by the Master Servicer in respect of such REO
      Property or the related Mortgage Loan (without duplication of amounts netted
      out
      of the rental income, Insurance Proceeds and Liquidation Proceeds described
      in
      clause (vi) below) and any unpaid Servicing Fees for which the Master Servicer
      has been or, in connection with such Final Recovery Determination, will be
      reimbursed pursuant to Section 3.11(a)(iii) or Section 3.23 out of rental
      income, Insurance Proceeds and Liquidation Proceeds received in respect of
      such
      REO Property, minus (v) the total of all net rental income, Insurance Proceeds
      and Liquidation Proceeds received in respect of such REO Property that has
      been,
      or in connection with such Final Recovery Determination, will be transferred
      to
      the Distribution Account pursuant to Section 3.23.

     

    With
      respect to each Mortgage Loan which has become the subject of a Deficient
      Valuation, the difference between the principal balance of the Mortgage Loan
      outstanding immediately prior to such Deficient Valuation and the principal
      balance of the Mortgage Loan as reduced by the Deficient Valuation.

     

    With
      respect to each Mortgage Loan which has become the subject of a Debt Service
      Reduction, the portion, if any, of the reduction in each affected Monthly
      Payment attributable to a reduction in the Mortgage Rate imposed by a court
      of
      competent jurisdiction. Each such Realized Loss shall be deemed to have been
      incurred on the Due Date for each affected Monthly Payment.

     

    “Record
      Date”: With respect to each Distribution Date and any Certificate (other than
      any Floater Certificate or Inverse Floater Certificate), the last Business
      Day
      of the month immediately preceding the month in which such Distribution Date
      occurs. With respect to each Distribution Date and any Floater Certificate
      or
      Inverse Floater Certificate that is a Book-Entry Certificate, the Business
      Day
      immediately preceding such Distribution Date.  With respect to each
      Distribution Date and any Floater Certificate or Inverse Floater Certificate
      that is a Definitive Certificate, the last Business Day of the month immediately
      preceding the month in which such Distribution Date occurs.

     

     “Reference
      Banks”: Deutsche Bank AG,
      Barclays’ Bank PLC, The Tokyo Mitsubishi Bank and National Westminster Bank PLC
      and their successors in interest; provided, however, that if any of the
      foregoing banks are not suitable to serve as a Reference Bank, then any leading
      banks selected by the Trustee which are engaged in transactions in Eurodollar
      deposits in the international Eurocurrency market (i) with an established place
      of business in London and (ii) not controlling, under the control of or under
      common control with the Depositor or any Affiliate thereof.

     

     “Refinanced
      Mortgage Loan”: A Mortgage Loan the proceeds of which were not used to purchase
      the related Mortgaged Property.

     

    “Regular
      Certificate”: Any Senior Certificate or Subordinate Certificate.

     

    “Regular
      Interest”: A “regular interest” in a REMIC within the meaning of Section
      860G(a)(1) of the Code.

     

    “Relief
      Act”: The Servicemembers Civil Relief Act, as amended.

     

    “Relief
      Act Interest Shortfall”: With respect to any Distribution Date and any Mortgage
      Loan, any reduction in the amount of interest collectible on such Mortgage
      Loan
      for the most recently ended calendar month as a result of the application of
      the
      Relief Act.

     

    “REMIC”:
      A “real estate mortgage investment conduit” within the meaning of Section 860D
      of the Code.

     

    “REMIC
      I-A”: As defined in the Preliminary Statement.

     

    “REMIC
      I-A Regular Interests”: The REMIC I-A Regular Interests, as set forth in the
      Preliminary Statement.

     

    “REMIC
      I-A Remittance Rate”: With respect to REMIC I-A Regular Interest LT-1A, REMIC
      I-A Regular Interest LT-2A, REMIC I-A Regular Interest LT-3A, REMIC I-A Regular
      Interest LT-ZZ, REMIC I-A Regular Interest LT-R and REMIC I-A Regular Interest
      LT-P, the weighted average of the Net WAC Rate for the Group 1-1 Mortgage Loans,
      the Group 1-2 Mortgage Loans, the Group 1-3 Mortgage Loans and the Group 1-4
      Mortgage Loans for such Distribution Date. With respect to REMIC I-A Regular
      Interest LT-1B, the Net WAC Rate for the Group 1-1 Mortgage Loans for such
      Distribution Date. With respect to REMIC I-A Regular Interest LT-2B, the Net
      WAC
      Rate for the Group 1-2 Mortgage Loans for such Distribution Date. With respect
      to REMIC I-A Regular Interest LT-3B, the Net WAC Rate for the Group 1-3 Mortgage
      Loans for such Distribution Date. With respect to REMIC I-A Regular Interest
      LT-4B, the Net WAC Rate for the Group 1-4 Mortgage Loans for such Distribution
      Date.

     

     “REMIC
      I-A Subordinated Balance Ratio”: The ratio among the Uncertificated Balances of
      each REMIC I-A Regular Interest ending with the designation “A”, equal to the
      ratio between, with respect to each such REMIC I-A Regular Interest, the excess
      of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the
      related Loan Group over (y) the current Certificate Principal Balance of Senior
      Certificates or Components relating to such Loan Group.

     

    “REMIC
      I-B Regular Interests”: The REMIC I-B Regular Interests, as set forth in the
      Preliminary Statement.

     

    “REMIC
      I-B Remittance Rate”: With respect to REMIC I-B Regular Interest LT-I-A1A and
      REMIC I-B Regular Interest LT-I-A1B, the REMIC I-A Remittance Rate on REMIC
      I-A
      Regular Interest LT-1B. With respect to REMIC I-B Regular Interest LT-I-A2A,
      REMIC I-B Regular Interest LT-I-A2B, REMIC I-B Regular Interest LT-I-R and
      REMIC
      I-B Regular Interest LT-I-P, the REMIC I-A Remittance Rate on REMIC I-A Regular
      Interest LT-2B. With respect to REMIC I-B Regular Interest LT-I-A3A and REMIC
      I-B Regular Interest LT-I-A3B, the REMIC I-A Remittance Rate on REMIC I-A
      Regular Interest LT-3B.  With respect to REMIC I-B Regular Interest
      LT-I-A4A and REMIC I-B Regular Interest LT-I-A4B, the REMIC I-A Remittance
      Rate
      on REMIC I-A Regular Interest LT-4B.  With respect to REMIC I-B
      Regular Interest LT-I-B1, REMIC I-B Regular Interest LT-I-B2, REMIC I-B Regular
      Interest LT-I-B3, REMIC I-B Regular Interest LT-I-B4, REMIC I-B Regular Interest
      LT-I-B5 and REMIC I-B Regular Interest LT-I-B6, the weighted average of the
      REMIC I-A Remittance Rates on REMIC I-A Regular Interest LT-1A, REMIC I-A
      Regular Interest LT-2A, REMIC I-A Regular Interest LT-3A and REMIC I-A Regular
      Interest LT-4A (subject to a cap and a floor equal to the REMIC I-A Remittance
      Rates on REMIC I-A Regular Interest LT-1B, REMIC I-A Regular Interest LT-2B,
      REMIC I-A Regular Interest LT-3B and REMIC I-A Regular Interest LT-4B,
      respectively) weighted on the basis of the Uncertificated Balances of REMIC
      I-A
      Regular Interest LT-1A, REMIC I-A Regular Interest LT-2A, REMIC I-A Regular
      Interest LT-3A and REMIC I-A Regular Interest LT-4A, respectively.

     

    “REMIC
      I-C”: As defined in the Preliminary Statement.

     

    “REMIC
      II-A”: As defined in the Preliminary Statement.

     

    “REMIC
      II-A Regular Interests”: The REMIC II-A Regular Interests, as set forth in the
      Preliminary Statement.

     

    “REMIC
      II-A Remittance Rate”: With respect to REMIC II-A Regular Interest LT-2-1A,
      REMIC II-A Regular Interest LT-2-2A, REMIC II-A Regular Interest LT-2-P and
      REMIC II-A Regular Interest LT-2-R, 6.50%. With respect to REMIC II-A Regular
      Interest LT-2-1A and REMIC II-A Regular Interest LT-2-1B, 7.00%. With respect
      to
      REMIC II-A Regular Interest LT-PO1, 0.00%. With respect to REMIC II-A Regular
      Interest LT-XS1, the weighted average of the greater of (i) zero and (ii) the
      excess of (a) 7.00% over (b) the Expense Adjusted Mortgage Rate of each Group
      2
      Mortgage Loan, weighted on the basis of the Scheduled Principal Balance of
      each
      such Mortgage Loan.

     

    “REMIC
      II-A Subordinated Balance Ratio”: The ratio among the Uncertificated Balances of
      each REMIC II-A Regular Interest ending with the designation “A”, equal to the
      ratio between, with respect to each such REMIC II-A Regular Interest, the excess
      of (x) the aggregate Stated Principal Balance of the Mortgage Loans and Mortgage
      Loan Components in the related Subgroup over (y) the current Certificate
      Principal Balance of Senior Certificates or Components relating to such
      Subgroup.

     

    “REMIC
      II-B Regular Interests”: The REMIC II-B Regular Interests, as set forth in the
      Preliminary Statement.

     

    “REMIC
      II-B Remittance Rate”: With respect to REMIC II-B Regular Interest LT-2-A1,
      REMIC II-B Regular Interest LT-2-A3, REMIC II-B Regular Interest 2LT-R and
      REMIC
      II-B Regular Interest 2LT-P, 6.50%. With respect to REMIC II-B Regular Interest
      LT-2-A4 and REMIC II-B Regular Interest LT-2-A6, 7.00%.  With respect
      to REMIC II-B Regular Interest LT-2-B1, REMIC II-B Regular Interest LT-2-B2,
      REMIC II-B Regular Interest LT-2-B3, REMIC II-B Regular Interest LT-2-B4, REMIC
      II-B Regular Interest LT-2-B5 and REMIC II-B Regular Interest LT-2-B6, the
      weighted average of the REMIC II-A Remittance Rates on REMIC II-A Regular
      Interest LT-2-1A and REMIC II-A Regular Interest LT-2-2A (subject to a cap
      and a
      floor equal to the REMIC II-A Remittance Rates on REMIC II-A Regular Interest
      LT-2-1B and REMIC II-A Regular Interest LT-2-2B, respectively) weighted on
      the
      basis of the Uncertificated Balances of REMIC II-A Regular Interest LT-2-1A
      and
      REMIC II-A Regular Interest LT-2-2A.  With respect to REMIC II-B
      Regular Interest LT-PO1, 0.00%. REMIC II-B Regular Interest LT-XS1 will not
      have
      a REMIC II-B Remittance Rate, but will be entitled to 100% of amounts
      distributed on REMIC II-A Regular Interest LT-XS1.

     

     “REMIC
      II-C”: As defined in the Preliminary Statement.

     

     “Remittance
      Report”: A report in form and substance acceptable to the Trust Administrator
      and the Trustee prepared by the Master Servicer pursuant to Section 4.03 with
      such additions, deletions and modifications as agreed to by the Trustee, the
      Trust Administrator and the Master Servicer.

     

    “Rents
      from Real Property”: With respect to any REO Property, gross income of the
      character described in Section 856(d) of the Code as being included in the
      term
“rents from real property.”

     

    “REO
      Account”: The account or accounts maintained by the Master Servicer in respect
      of an REO Property pursuant to Section 3.23.

     

    “REO
      Disposition”: The sale or other disposition of an REO Property on behalf of any
      Trust REMIC.

     

    “REO
      Imputed Interest”: As to any REO Property, for any calendar month during which
      such REO Property was at any time part of REMIC I-A or REMIC II-A, one month’s
      interest at the applicable Mortgage Loan Remittance Rate on the Stated Principal
      Balance of such REO Property (or, in the case of the first such calendar month,
      of the related Mortgage Loan if appropriate) as of the close of business on
      the
      Distribution Date in such calendar month.

     

    “REO
      Property”: A Mortgaged Property acquired by the Master Servicer on behalf of the
      Trust Fund through foreclosure or deed-in-lieu of foreclosure, as described in
      Section 3.23.

     

    “Request
      for Release”: A release signed by a Servicing Officer, in the form of Exhibit E
      attached hereto.

     

     “Reserve
      Interest Rate”: With respect to any Interest Determination Date, the rate per
      annum that the Trustee determines to be either (i) the arithmetic mean (rounded
      upwards if necessary to the nearest whole multiple of 1/16%) of the one-month
      U.S. dollar lending rates which New York City banks selected by the Trustee
      are
      quoting on the relevant Interest Determination Date to the principal London
      offices of leading banks in the London interbank market or (ii) in the event
      that the Trustee can determine no such arithmetic mean, the lowest one-month
      U.S. dollar lending rate which New York City banks selected by the Trustee
      are
      quoting on such Interest Determination Date to leading European
      banks.

     

     “Residential
      Dwelling”: Any one of the following: (i) an attached or detached one- family
      dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family
      dwelling unit in a Fannie Mae eligible condominium project, or (iv) a detached
      one-family dwelling in a planned unit development, none of which is a
      co-operative, mobile or manufactured home (as defined in 42 United States Code,
      Section 5402(6)).

     

    “Residual
      Certificate”: Any one of the Class 1-R Certificates or Class 2-R
      Certificates.

     

    “Residual
      Interest”: The sole class of “residual interests” in a REMIC within the meaning
      of Section 860G(a)(2) of the Code.

     

    “Responsible
      Officer”: When used with respect to the Trust Administrator, the Paying Agent,
      the Certificate Registrar or the Authenticating Agent, the President, any vice
      president, any assistant vice president, the Secretary, any assistant secretary,
      the Treasurer, any assistant treasurer, any trust officer or assistant trust
      officer, the Controller and any assistant controller or any other officer
      thereof customarily performing functions similar to those performed by any
      of
      the above designated officers and, with respect to a particular matter relating
      to this Agreement, to whom such matter is referred because of such officer’s
      knowledge of and familiarity with the particular subject. When used with respect
      to the Trustee, any officer of the Trustee with direct responsibility for the
      administration of this Agreement and, with respect to a particular matter
      relating to this Agreement, to whom such matter is referred because of such
      officer’s knowledge of and familiarity with the particular subject.

     

    “Scheduled
      Principal Balance”: With respect to any Mortgage Loan: (a) as of the Cut-off
      Date, the outstanding principal balance of such Mortgage Loan as of such date,
      net of the principal portion of all unpaid Monthly Payments, if any, due on
      or
      before such date; (b) as of any Due Date subsequent to the Cut-off Date up
      to
      and including the Due Date in the calendar month in which a Liquidation Event
      occurs with respect to such Mortgage Loan, the Scheduled Principal Balance
      of
      such Mortgage Loan as of the Cut-off Date, minus the sum of (i) the principal
      portion of each Monthly Payment due on or before such Due Date but subsequent
      to
      the Cut-off Date, whether or not received, (ii) all Principal Prepayments
      received before such Due Date but after the Cut-off Date, (iii) the principal
      portion of all Liquidation Proceeds and Insurance Proceeds received before
      such
      Due Date but after the Cut-off Date, net of any portion thereof that represents
      principal due (without regard to any acceleration of payments under the related
      Mortgage and Mortgage Note) on a Due Date occurring on or before the date on
      which such proceeds were received and (iv) any Realized Loss incurred with
      respect thereto as a result of a Deficient Valuation occurring before such
      Due
      Date, but only to the extent such Realized Loss represents a reduction in the
      portion of principal of such Mortgage Loan not yet due (without regard to any
      acceleration of payments under the related Mortgage and Mortgage Note) as of
      the
      date of such Deficient Valuation; and (c) as of any Due Date subsequent to
      the
      occurrence of a Liquidation Event with respect to such Mortgage Loan, zero.
      With
      respect to any REO Property: (a) as of any Due Date subsequent to the date
      of
      its acquisition on behalf of the Trust Fund up to and including the Due Date
      in
      the calendar month in which a Liquidation Event occurs with respect to such
      REO
      Property, an amount (not less than zero) equal to the Scheduled Principal
      Balance of the related Mortgage Loan as of the Due Date in the calendar month
      in
      which such REO Property was acquired minus the principal portion of each Monthly
      Payment that would have become due on such related Mortgage Loan after such
      REO
      Property was acquired if such Mortgage Loan had not been converted to an REO
      Property; and (b) as of any Due Date subsequent to the occurrence of a
      Liquidation Event with respect to such REO Property, zero.

     

    “Secured
      Bankers”: Secured Bankers Mortgage Company, or its successors in
      interest.

     

    “Secured
      Bankers Mortgage Loans”: The Mortgage Loans originated by Secured Bankers and
      serviced by CitiMortgage pursuant to the Initial Sub-Servicing Agreement to
      which it is a party.

     

    “Seller”:
      Citigroup Global Markets Realty Corp. or its successor in interest, in its
      capacity as seller under the Mortgage Loan Purchase Agreement.

     

    “Senior
      Certificate”:  Any Group 1 Senior Certificate or Group 2 Senior
      Certificate.

     

    “Senior
      Interest Distribution Amount”:  With respect to any Distribution Date
      and any Loan Group or Subgroup, an amount equal to the aggregate of the Interest
      Distribution Amounts for that Distribution Date for the related Senior
      Certificates (or related Components thereof) and, in the case of the first
      Distribution Date, for the related Residual Certificates, if
      applicable.

     

    “Senior
      Interest Only Components”:  The 1-2IO Component and the 1-3IO
      Component.

     

    “Senior
      Percentage”: A Group 1 Senior Percentage or Group 2 Senior Percentage, as
      applicable.

     

    “Senior
      Prepayment Percentage”: A Group 1 Senior Prepayment Percentage or Group 2 Senior
      Prepayment Percentage, as applicable.

     

    “Senior
      Principal Distribution Amount”: For any Distribution Date and the Class A
      Certificates (and if applicable, Residual Certificates), relating to any Loan
      Group within Collateral Pool 1, an amount equal to the lesser of (i) the
      applicable Group 1 Available Distribution Amount remaining after distribution
      of
      the related Senior Interest Distribution Amount and (ii) the sum
      of:

     

    (a)           the
      product of (x) the then-applicable related Senior Percentage and (y) the sum
      of
      the following:

     

    
      	
               

            	
              (i)

            	
              the
                aggregate of the principal portions of all Monthly Payments due during
                the
                related Due Period in respect of the related Mortgage Loans, whether
                or
                not received;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                principal portion of all Insurance Proceeds, Subsequent Recoveries
                and
                Liquidation Proceeds (other than amounts described in clause (c)
                below)
                received in respect of the related Mortgage Loans during the related
                Prepayment Period (other than any related Mortgage Loan that was
                purchased, sold or replaced pursuant to or as contemplated by Section
                2.03, Section 3.16(c) or Section 9.01 during the related Prepayment
                Period), net of any portion thereof that represents a recovery of
                principal for which an advance was made by the Master Servicer pursuant
                to
                Section 4.03 in respect of a preceding Distribution
                Date;

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                Stated Principal Balance (calculated immediately prior to such
                Distribution Date) of each related Mortgage Loan that was purchased,
                sold
                or replaced pursuant to or as contemplated by Section 2.03, Section
                3.16(c) or Section 9.01 during the related Prepayment
                Period;

            

    

     

    
      	
               

            	
              (iv)

            	
              [reserved];

            

    

     

    
      	
               

            	
              (v)

            	
              in
                connection with the substitution of one or more Qualified Substitute
                Mortgage Loans for one or more Deleted Mortgage Loans in the related
                Loan
                Group pursuant to Section 2.03 during the related Prepayment Period,
                the
                excess, if any, of (A) the aggregate of the Stated Principal Balances
                (calculated as of the respective dates of substitution) of such Deleted
                Mortgage Loans, net of the aggregate of the principal portions of
                the
                Monthly Payments due during the related Prepayment Period (to the
                extent
                received from the related Mortgagor or advanced by the related Servicer
                and distributed pursuant to Section 4.01 on the Distribution Date
                in the
                related Prepayment Period) in respect of each such Deleted Mortgage
                Loan
                that was replaced prior to the Distribution Date in the related Prepayment
                Period, over (B) the aggregate of the Stated Principal Balances
                (calculated as of the respective dates of substitution) of such Qualified
                Substitute Mortgage Loans;

            

    

     

    (b)           the
      product of (x) the then-applicable related Senior Prepayment Percentage and
      (y)
      all Principal Prepayments received in respect of the related Mortgage Loans
      during the related Prepayment Period;

     

    (c)           with
      respect to any related Mortgage Loan which was the subject of a Final Recovery
      Determination in the related Prepayment Period, the lesser of (a) the
      then-applicable related Senior Prepayment Percentage multiplied by the net
      Liquidation Proceeds and Insurance Proceeds allocable to principal in respect
      of
      such Mortgage Loan; and (b) the then-applicable related Senior Percentage
      multiplied by the Scheduled Principal Balance of the related Mortgage Loan
      at
      the time of such Final Recovery Determination;

     

    (d)           in
      the case of any Distribution Date subsequent to the initial Distribution Date,
      an amount equal to the excess, if any, of the amounts calculated pursuant to
      clauses (a), (b) and (c) above for the immediately preceding Distribution Date,
      over the aggregate distributions of principal made in respect of the related
      Class A Certificates (and if applicable, Residual Certificates) on such
      immediately preceding Distribution Date pursuant to Section 4.01 to the extent
      that any such amounts are not attributable to Realized Losses which were
      allocated to the related Subordinate Certificates pursuant to Section 4.04;
      and

     

    (e)           that
      portion of any Class A Principal Adjustment Amount for Collateral Pool 1
      included in the Group 1 Available Distribution Amount for such Distribution
      Date
      and such Loan Group, if (i) the Subordination Test with respect to the related
      Subordinate Certificates has not been met with respect to such Distribution
      Date
      or (ii) no Group 1 Subordinate Certificates remain outstanding; and

     

    (f)           if
      the Subordination Test has been met and at least one class of the Group 1
      Subordinate Certificates remains outstanding, the product of (x) the then
      applicable related Senior Percentage and (y) that portion of any Class A
      Principal Adjustment Amount for Collateral Pool 1 included in the Group 1
      Available Distribution Amount for such Loan Group and Distribution
      Date.

     

    For
      any
      Distribution Date and the Class A Certificates (and if applicable, Residual
      Certificates), relating to any Subgroup within Collateral Pool 2, an amount
      equal to the lesser of (i) the applicable Group 2 Available Distribution Amount
      remaining after distribution of the related Senior Interest Distribution Amount
      and the Class 2-PO Principal Distribution Amount and (ii) the sum
      of:

     

    (a)           the
      product of (x) the then-applicable related Senior Percentage and (y) the sum
      of
      the following with respect to each Mortgage Loan or Mortgage Loan Component
      included in such Subgroup:

     

    
      	
               

            	
              (i)

            	
              the
                related Non-Class PO Percentage of the aggregate of the principal
                portions
                of all Monthly Payments due during the related Due Period in respect
                of
                such Mortgage Loan or Mortgage Loan Component, as applicable, whether
                or
                not received;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                related Non-Class PO Percentage of the principal portion of all Insurance
                Proceeds, Subsequent Recoveries and Liquidation Proceeds (other than
                amounts described in clause (c) below) received in respect of such
                Mortgage Loan or Mortgage Loan Component, as applicable, during the
                related Prepayment Period (other than any related Mortgage Loan or
                Mortgage Loan Component that was purchased, sold or replaced pursuant
                to
                or as contemplated by Section 2.03, Section 3.16(c) or Section 9.01
                during
                the related Prepayment Period), net of any portion thereof that represents
                a recovery of principal for which an advance was made by the Master
                Servicer pursuant to Section 4.03 in respect of a preceding Distribution
                Date;

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                related Non-Class PO Percentage of the Stated Principal Balance
                (calculated immediately prior to such Distribution Date) of such
                Mortgage
                Loan or Mortgage Loan Component, as applicable, that was purchased,
                sold
                or replaced pursuant to or as contemplated by Section 2.03, Section
                3.16(c) or Section 9.01 during the related Prepayment
                Period;

            

    

     

    
      	
               

            	
              (iv)

            	
              [reserved];

            

    

     

    
      	
               

            	
              (v)

            	
              in
                connection with the substitution of one or more Qualified Substitute
                Mortgage Loans for one or more Deleted Mortgage Loans in the related
                Subgroup pursuant to Section 2.03 during the related Prepayment Period,
                the excess, if any, of (A) the aggregate of the related Non-Class
                PO
                Percentage of the Stated Principal Balances (calculated as of the
                respective dates of substitution) of such Deleted Mortgage Loans,
                net of
                the aggregate of the related Non-Class PO Percentage of the principal
                portions of the Monthly Payments due during the related Prepayment
                Period
                (to the extent received from the related Mortgagor or advanced by
                the
                Master Servicer and distributed pursuant to Section 4.01 on the
                Distribution Date in the related Prepayment Period) in respect of
                each
                such Deleted Mortgage Loan that was replaced prior to the Distribution
                Date in the related Prepayment Period, over (B) the aggregate of
                the
                related Non-Class PO Percentage of the Stated Principal Balances
                (calculated as of the respective dates of substitution) of such Qualified
                Substitute Mortgage Loans;

            

    

     

    (b)           the
      product of (x) the then-applicable related Senior Prepayment Percentage and
      (y)
      the related Non-Class PO Percentage of all Principal Prepayments received in
      respect of each Mortgage Loan or Mortgage Loan Component included in such
      Subgroup during the related Prepayment Period;

     

    (c)           with
      respect to any related Mortgage Loan or Mortgage Loan Component, as applicable,
      in such Subgroup which was the subject of a Final Recovery Determination in
      the
      related Prepayment Period, the least of (a) the then-applicable related Senior
      Prepayment Percentage of the Non-Class PO Percentage multiplied by the net
      Liquidation Proceeds and Insurance Proceeds allocable to principal in respect
      of
      such Mortgage Loan or Mortgage Loan Component, as applicable, (b) the
      then-applicable related Senior Percentage of the Non-Class PO Percentage
      multiplied by the Scheduled Principal Balance of such Mortgage Loan or Mortgage
      Loan Component at the time of such Final Recovery Determination; and (c) the
      principal portion of all amounts collected in connection with such a Final
      Recovery Determination to the extent not distributed to the related Class 2-PO
      Certificates; and

     

    (d)           in
      the case of any Distribution Date subsequent to the initial Distribution Date,
      an amount equal to the excess, if any, of the amounts calculated pursuant to
      clauses (a), (b) and (c) above for the immediately preceding Distribution Date,
      over the aggregate distributions of principal made in respect of the related
      Classes of Group 2 Class A Certificates (and if applicable, Residual
      Certificates) on such immediately preceding Distribution Date pursuant to
      Section 4.01 to the extent that any such amounts are not attributable to
      Realized Losses which were allocated to the related Subordinate Certificates
      pursuant to Section 4.04.

     

    “Senior
      Support Certificates”:  The Class 1-A1B Certificates, Class 1-A23B
      Certificates, Class 1-A4B Certificates, Class 2-A3 Certificates and Class 2-A6
      Certificates.    The Class 1-A23B Certificates are comprised
      of the 1-A2B Component and the 1-A3B Component.

     

    “Senior
      Support Components”:  The 1-A2B Component and the 1-A3B
      Component.

     

     “Servicing
      Account”: The account or accounts created and maintained pursuant to Section
      3.09.

     

    “Servicing
      Advances”: The reasonable “out-of-pocket” costs and expenses incurred by the
      Master Servicer in connection with a default, delinquency or other unanticipated
      event by the Master Servicer in the performance of its servicing obligations,
      including, but not limited to, the cost of (i) the preservation, restoration
      and
      protection of a Mortgaged Property, (ii) any enforcement or judicial
      proceedings, including foreclosures, in respect of a particular Mortgage Loan,
      including any expenses incurred in relation to any such proceedings that result
      from the Mortgage Loan being registered on the MERS System, (iii) the management
      (including reasonable fees in connection therewith) and liquidation of any
      REO
      Property, and (iv) the performance of its obligations under Section 3.01,
      Section 3.09, Section 3.13, Section 3.14, Section 3.16 and Section 3.23. The
      Master Servicer shall not be required to make any Servicing Advance in respect
      of a Mortgage Loan or REO Property that, in the good faith business judgment
      of
      the Master Servicer, would not be ultimately recoverable from related Insurance
      Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as
      provided herein.

     

    “Servicing
      Fee”: With respect to each Mortgage Loan and for any calendar month, an amount
      equal to one month’s interest (or in the event of any payment of interest which
      accompanies a Principal Prepayment in full made by the Mortgagor during such
      calendar month, interest for the number of days covered by such payment of
      interest) at the applicable Servicing Fee Rate on the same principal amount
      on
      which interest on such Mortgage Loan accrues for such calendar month. A portion
      of such Servicing Fee may be retained by any Sub-Servicer as its servicing
      compensation.

     

    “Servicing
      Fee Rate”: The Servicing Fee Rate
      on the Mortgage Loans will range from 0.2000% per annum to 0.3750% per
      annum; and the Servicing Fee Rate on certain of the Mortgage Loans serviced
      by
      Countrywide Servicing will step-up from 0.2000% to 0.3750% per annum on the
      initial Adjustment Date.

     

    “Servicing
      Officer”: Any employee of the Master Servicer involved in, or responsible for,
      the administration and servicing of the Mortgage Loans, whose name appear on
      a
      list of Servicing Officers furnished by the Master Servicer to the Trustee,
      the
      Trust Administrator and the Depositor on the Closing Date, as such list may
      from
      time to time be amended.

     

    “Significance
      Percentage”:  With respect to the Interest Rate Cap Agreement, the
      percentage equivalent of a fraction, the numerator of which is (I) the present
      value (such calculation of present value using the two-year swaps rate made
      available at Bloomberg Financial Markets, L.P.) of the aggregate amount payable
      under the Interest Rate Cap Agreement (assuming that one-month LIBOR for each
      remaining Calculation Period (as defined in the Interest Rate Cap Agreement)
      beginning with the Calculation Period immediately following the related
      Distribution Date is equal to the sum of (a) the one-month LIBOR rate for each
      remaining Calculation Period made available at Bloomberg Financial Markets,
      L.P.
      by taking the following steps: (1) typing in the following keystrokes: fwcv
      , us , 3 ; (2) the Forwards shall be set to “Mo”; (3) the Intervals
      shall be set to “Mo”; and (4) the Points shall be set to equal the remaining
      term of the Interest Rate Cap Agreement in months and the Trust Administrator
      shall click (provided that the Depositor shall notify the Trust
      Administrator in writing of any changes to such keystrokes), (b) the percentage
      equivalent of a fraction, the numerator of which is 2.00% and the denominator
      of
      which is the initial number of Distribution Dates on which the Paying Agent
      is
      entitled to receive payments under the Interest Rate Cap Agreement (the “Add-On
      Amount”) and (c) the Add-On Amount for each previous period) and the denominator
      of which is (II) the aggregate Certificate Principal Balance of the Offered
      Certificates on such Distribution Date (after giving effect to all distributions
      on such Distribution Date).

    

     

    “SilverState”:
      SilverState Mortgage, or its successors in interest.

     

    “SilverState
      Mortgage Loans”: The Mortgage Loans originated by SilverState and serviced by
      CitiMortgage pursuant to the Initial Sub-Servicing Agreement to which it is
      a
      party.

     

    “Request
      for Release”: A release signed by a Servicing Officer, in the form of Exhibit E
      attached hereto.

     

     

     “Single
      Certificate”: With respect to any Class of Certificates (other than any Class of
      Residual Certificates), a hypothetical Certificate of such Class evidencing
      a
      Percentage Interest for such Class corresponding to an initial Certificate
      Principal Balance or initial Notional Amount, as applicable, of $1,000. With
      respect to the Residual Certificates, a hypothetical Certificate of such Class
      evidencing a 20% Percentage Interest in such Class.

     

    “Special
      Hazard Amount”:  For Collateral Pool 1, initially an amount equal to
      $8,353.109.  For Collateral Pool 2, initially an amount equal to
      $3,720,000.  As of each anniversary of the Cut-off Date, for any
      Collateral Pool the Special Hazard Amount shall equal the lesser of (i) the
      Special Hazard Amount on the immediately preceding anniversary of the Cut-off
      Date less the sum of all amounts allocated to the related Subordinate
      Certificates in respect of Special Hazard Losses on the related Mortgage Loans
      during such year and (ii) the related Adjustment Amount for such
      anniversary.  After the Certificate Principal Balances of the related
      Subordinate Certificates are reduced to zero, the Special Hazard Amount for
      a
      Collateral Pool will be zero.

     

    “Special
      Hazard Loss”: Any Realized Loss or portion thereof not in excess of the lesser
      of the cost of repair or replacement of a Mortgaged Property suffered by such
      Mortgaged Property by reason of damage caused by certain hazards (including
      earthquakes, mudflows, and, to a limited extent, floods) not insured against
      under the hazard insurance policies or fire or flood insurance policies required
      to be maintained in respect of such Mortgaged Property pursuant to Section
      3.14,
      or by reason of the application of any co-insurance provision. Special Hazard
      Losses shall not include any Extraordinary Loss or any of the
      following:

     

    (i)           wear
      and tear, deterioration, rust or corrosion, mold, wet or dry rot; inherent
      vice
      or latent defect; animals, birds, vermin, insects;

     

    (ii)           smog,
      smoke, vapor, liquid or dust discharge from agricultural or industrial
      operations; pollution; contamination;

     

    (iii)           settling,
      subsidence, cracking, shrinkage, bulging or expansion of pavements, foundations,
      walls, floors, roofs or ceilings; and

     

    (iv)           errors
      in design, faulty workmanship or faulty materials, unless the collapse of the
      property or a part thereof ensues and then only for the ensuing
      loss.

     

    “Sponsor”:
      Citigroup Global Markets Realty Corp., or its successor in
      interest.

     

    “S&P”:
      Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies,
      Inc., or its successor in interest.

     

    “Startup
      Day”: With respect to any Trust REMIC, the day designated as such pursuant to
      Section 10.01(b) hereof.

     

    “Stated
      Principal Balance”: With respect to any Mortgage Loan: (a) as of any date of
      determination up to but not including the Distribution Date on which the
      proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan
      would be distributed, the Scheduled Principal Balance of such Mortgage Loan
      as
      of the Cut-off Date, as shown in the Mortgage Loan Schedule, minus the sum
      of
      (i) the principal portion of each Monthly Payment due on a Due Date subsequent
      to the Cut-off Date, to the extent received from the Mortgagor or advanced
      by
      the Master Servicer and distributed pursuant to Section 4.01 on or before such
      date of determination, (ii) all Principal Prepayments received after the Cut-off
      Date, to the extent distributed pursuant to Section 4.01 on or before such
      date
      of determination, (iii) all Liquidation Proceeds and Insurance Proceeds applied
      by the Master Servicer as recoveries of principal in accordance with the
      provisions of Section 3.16, to the extent distributed pursuant to Section 4.01
      on or before such date of determination, and (iv) any Realized Loss incurred
      with respect thereto as a result of a Deficient Valuation made during or prior
      to the Prepayment Period for the most recent Distribution Date coinciding with
      or preceding such date of determination; and (b) as of any date of determination
      coinciding with or subsequent to the Distribution Date on which the proceeds,
      if
      any, of a Liquidation Event with respect to such Mortgage Loan would be
      distributed, zero. With respect to any REO Property: (a) as of any date of
      determination up to but not including the Distribution Date on which the
      proceeds, if any, of a Liquidation Event with respect to such REO Property
      would
      be distributed, an amount (not less than zero) equal to the Stated Principal
      Balance of the related Mortgage Loan as of the date on which such REO Property
      was acquired on behalf of the Trust Fund, minus, the principal portion of
      Monthly Payments that would have become due on such related Mortgage Loan after
      such REO Property was acquired if such Mortgage Loan had not been converted
      to
      an REO Property, to the extent advanced by the Master Servicer and distributed
      pursuant to Section 4.01 on or before such date of determination; and (b) as
      of
      any date of determination coinciding with or subsequent to the Distribution
      Date
      on which the proceeds, if any, of a Liquidation Event with respect to such
      REO
      Property would be distributed, zero.

     

    “Stayed
      Funds”: If the Master Servicer is the subject of a proceeding under the federal
      Bankruptcy Code and the making of a any payment required to be made under the
      terms of the Certificates and this Agreement is prohibited by Section 362 of
      the
      federal Bankruptcy Code, funds which are in the custody of the Master Servicer,
      a trustee in bankruptcy or a federal bankruptcy court and should have been
      the
      subject of such Remittance absent such prohibition.

     

    “Subgroup”:
      Either of Subgroup 2-1 or Subgroup 2-2.

     

    “Subgroup
      2-1”:  The Subgroup consisting of the Group 2 Mortgage Loans and Group
      2 Mortgage Loan Components in Subgroup 2-1.

     

     “Subgroup
      2-2”:  The Subgroup consisting of the Group 2 Mortgage Loans and Group
      2 Mortgage Loan Components in Subgroup 2-2.

     

    “Subgroup
      2-1 Mortgage Loans”:  Each Loan identified as such on the Mortgage
      Loan Schedule.

     

    “Subgroup
      2-2 Mortgage Loans”:  Each Loan identified as such on the Mortgage
      Loan Schedule.

     

     “Subordinate
      Certificates”: The Group 1 Subordinate Certificates and the Group 2 Subordinate
      Certificates.

     

     “Subordinate
      Percentage”: A Group 1 Subordinate Percentage or Group 2 Subordinate Percentage,
      as applicable.

     

    “Subordinate
      Prepayment Percentage”: A Group 1 Subordinate Prepayment Percentage or Group 2
      Subordinate Prepayment Percentage, as applicable.

     

    “Subordinate
      Principal Distribution Amount”: With respect to a Collateral Pool and for any
      Distribution Date, an amount equal to the lesser of (i) the related Available
      Distribution Amounts, remaining after distribution of the Interest Distribution
      Amounts and Senior Principal Distribution Amounts to the related Classes of
      Class A Certificates (and, if applicable, the related Class of Residual
      Certificates), the Class 2-PO Principal Distribution Amount to the Class 2-PO
      Certificates (in the case of Collateral Pool 2) and the Interest Distribution
      Amounts to the related Classes of Subordinate Certificates, and (ii) the sum
      of
      the following with respect to the each Loan Group within Collateral Pool 1
      (in
      the case of Collaterral Pool 1) or with respect to each Subgroup within
      Collateral Pool 2 (in the case of Collateral Pool 2):

     

    (a)  for
      each related Loan Group or Subgroup, as applicable, the product of (x)
      the then-applicable related Subordinate Percentage and (y) the sum of the
      following:

     

    
      	
               

            	
              (i)

            	
              the
                related Non-Class PO Percentage of the aggregate of the principal
                portions
                of all Monthly Payments due during the related Due Period in respect
                of
                the related Mortgage Loans or Mortgage Loan Components, whether or
                not
                received;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                related Non-Class PO Percentage of the principal portion of all Insurance
                Proceeds, Subsequent Recoveries and Liquidation Proceeds (other than
                amounts described in clause (c) below) received in respect of the
                related
                Mortgage Loans or Mortgage Loan Components during the related Prepayment
                Period (other than any related Mortgage Loan that was purchased,
                sold or
                replaced pursuant to or as contemplated by Section 2.03, Section
                3.16(c)
                or Section 9.01 during the related Prepayment Period), net of any
                portion
                thereof that represents a recovery of principal for which an advance
                was
                made by the Master Servicer pursuant to Section 4.03 in respect of
                a
                preceding Distribution Date;

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                related Non-Class PO Percentage of the Stated Principal Balance
                (calculated immediately prior to such Distribution Date) of each
                related
                Mortgage Loan or Mortgage Loan Component that was purchased, sold
                or
                replaced pursuant to or as contemplated by Section 2.03, Section
                3.16(c)
                or Section 9.01 during the related Prepayment
                Period;

            

    

     

    
      	
               

            	
              (iv)

            	
              [reserved];

            

    

     

    
      	
               

            	
              (v)

            	
              in
                connection with the substitution of one or more Qualified Substitute
                Mortgage Loans for one or more Deleted Mortgage Loans in the related
                Collateral Pool pursuant to Section 2.03 during the related Prepayment
                Period, the excess, if any, of (A) the aggregate of the related Non-Class
                PO Percentage of the Stated Principal Balances (calculated as of
                the
                respective dates of substitution) of such Deleted Mortgage Loans,
                net of
                the aggregate of the related Non-Class PO Percentage of the principal
                portions of the Monthly Payments due during the related Prepayment
                Period
                (to the extent received from the related Mortgagor or advanced by
                the
                related Servicer and distributed pursuant to Section 4.01 on the
                Distribution Date in the related Prepayment Period) in respect of
                each
                such Deleted Mortgage Loan that was replaced prior to the Distribution
                Date in the related Prepayment Period, over (B) the aggregate of
                the
                related Non-Class PO Percentage of the Stated Principal Balances
                (calculated as of the respective dates of substitution) of such Qualified
                Substitute Mortgage Loans;

            

    

     

    (b)  for
      each related Loan Group or Subgroup, as applicable, the product of (x)
      the then-applicable related Subordinate Prepayment Percentage and (y) the
      related Non-Class PO Percentage of the Principal Prepayments received in respect
      of the related Mortgage Loans or Mortgage Loan Components during the related
      Prepayment Period;

     

    (c)  for
      each related Loan Group or Subgroup, as applicable, with respect to any
      related Mortgage Loans which were the subject of a Final Recovery Determination
      in the related Prepayment Period, the amount, if any, by which the net
      Liquidation Proceeds and Insurance Proceeds allocable to principal in respect
      of
      such Mortgage Loans exceed the amount distributable to the related Senior
      Certificates and, if applicable, the Class 2-PO Certificates;

     

    (d)  in
      the
      case of any Distribution Date subsequent to the initial Distribution Date,
      an
      amount equal to the excess, if any, of the amounts calculated pursuant to
      clauses (a), (b) and (c) above for the immediately preceding Distribution Date,
      over the aggregate distributions of principal made in respect of the Subordinate
      Certificates on such immediately preceding Distribution Date pursuant to Section
      4.01 to the extent that any such amounts are not attributable to Realized Losses
      that were allocated to the Subordinate Certificates pursuant to Section 4.04;
      and

     

    (e)  in
      the case of Collateral Pool 1, for each related Loan Group the product of
      (x) the then applicable related Subordinate Percentage of any Class A Principal
      Adjustment Amount included in the Available Distribution Amount for such Loan
      Group, if the Subordination Test with respect to the related Subordinate
      Certificates has been met with respect to such Distribution Date.

     

    “Subordination
      Test”: With respect to Collateral Pool 1, the Subordination Test will be met if
      the Aggregate Subordinate Percentage for such Collateral Pool is equal to or
      greater than two times the initial Aggregate Subordinate Percentage for such
      Collateral Pool on the Closing Date.

     

    “Sub-Servicer”:
      Any Person (i) with which the Master Servicer has entered into a Sub-Servicing
      Agreement and which meets the qualifications of a Sub-Servicer pursuant to
      Section 3.02 or (ii) in the case of each Initial Sub-Servicing Agreement, the
      related servicer thereunder.

     

    “Sub-Servicing
      Account”: An account established by a Sub-Servicer which meets the requirements
      set forth in Section 3.08 and is otherwise acceptable to the Master
      Servicer.

     

    “Sub-Servicing
      Agreement”: Either (i) the written contract between the Master Servicer and a
      Sub-Servicer relating to servicing and administration of certain Mortgage Loans
      as provided in Section 3.02 or (ii) any Initial Sub Servicing
      Agreement.

     

    “Subsequent
      Recoveries”: As of any Distribution Date, amounts received by the Trust Fund
      (net of any related expenses permitted to be reimbursed to the related
      Sub-Servicer or the Master Servicer from such amounts under the related
      Sub-Servicing Agreement or hereunder) specifically related to a Mortgage Loan
      that was the subject of a liquidation or an REO Disposition prior to the related
      Prepayment Period that resulted in a Realized Loss.

     

    “Substitution
      Shortfall Amount”: As defined in Section 2.03 hereof.

     

    “SunTrust”:
      SunTrust Mortgage, Inc., or its successors in interest.

     

    “SunTrust
      Mortgage Loans”: The Mortgage Loans originated by SunTrust Mortgage, Inc. and
      serviced by SunTrust pursuant to the Initial Sub-Servicing Agreement to which
      it
      is a party.

     

     “Super
      Senior Certificates”:  The Class 1-A1A Certificates,
      Class
      1-A2A Certificates, Class 1-A3A Certificates, Class 1-A4A Certificates, Class
      2-A1 Certificates and Class 2-A4 Certificates.

     

     “Taylor,
      Bean”: Taylor, Bean & Whitaker Mortgage Corp, or its successors in
      interest.

     

    “Taylor,
      Bean Mortgage Loans”: The Mortgage Loans originated by Taylor Bean and serviced
      by Wells Fargo pursuant to the Initial Sub-Servicing Agreement to which it
      is a
      party.

     

     “Tax
      Returns”: The federal income tax return on Internal Revenue Service Form 1066,
      U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including
      Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC
      Taxable Income or Net Loss Allocation, or any successor forms, to be filed
      on
      behalf of any Trust REMIC due to its classification as a REMIC under the REMIC
      Provisions, together with any and all other information reports or returns
      that
      may be required to be furnished to the Certificateholders or filed with the
      Internal Revenue Service or any other governmental taxing authority under any
      applicable provisions of federal, state or local tax laws.

     

     “Termination
      Price”:  As defined in Section 9.01.

     

    “Terminator”:
      With respect to the termination of REMIC I-A the Seller (provided that the
      Seller may at any time sell, assign or otherwise dispose of its right to be
      Terminator of REMIC I-A).  With respect to the termination of REMIC
      II-A, the Seller (provided that the Seller may at any time sell, assign or
      otherwise dispose of its right to be Terminator of REMIC II-A).

     

    “Transfer”:
      Any direct or indirect transfer, sale, pledge, hypothecation, or other form
      of
      assignment of any Ownership Interest in a Certificate.

     

    “Transferee”:
      Any Person who is acquiring by Transfer any Ownership Interest in a
      Certificate.

     

    “Transferor”:
      Any Person who is disposing by Transfer of any Ownership Interest in a
      Certificate.

     

    “Trigger
      Amount”:  The Trigger Amount for Collateral Pool 1 and Collateral Pool
      2 and for any Distribution Date occurring after the first seven years from
      the
      Closing Date will be as follows: for any Distribution Date on or after the
      seventh and prior to the eighth anniversary of the first Distribution Date,
      30%
      of the initial sum of the Certificate Principal Balances of the related
      Subordinate Certificates; for any Distribution Date on or after the eighth
      and
      prior to the ninth anniversary of the first Distribution Date, 35% of the
      initial sum of the Certificate Principal Balances of the related Subordinate
      Certificates; for any Distribution Date on or after the ninth and prior to
      the
      tenth anniversary of the first Distribution Date, 40% of the initial sum of
      the
      Certificate Principal Balances of the related Subordinate Certificates; for
      any
      Distribution Date on or after the tenth and prior to the eleventh anniversary
      of
      the first Distribution Date, 45% of the initial sum of the Certificate Principal
      Balances of the related Subordinate Certificates; and for any Distribution
      Date
      on or after the eleventh anniversary of the first Distribution Date, 50% of
      the
      initial sum of the Certificate Principal Balances of the related Subordinate
      Certificates.

     

    “Trust
      Administrator”: CitiMortgage, Inc., or its successor in interest, or any
      successor trust administrator appointed as herein provided.

     

    “Trust
      Fund”: Collectively, all of the assets of REMIC I-A, REMIC I-B, REMIC I-C, REMIC
      II-A, REMIC II-B and REMIC II-C, distributions made to the Paying Agent by
      the
      Cap Administrator under the Cap Administration Agreement and the Cap
      Account.

     

    “Trustee”:
      U.S. Bank National Association, or its successor in interest, or any successor
      trustee appointed as herein provided.

     

    “Trust
      REMIC”: Each of REMIC I-A, REMIC I-B, REMIC I-C, REMIC II-A, REMIC II-B and
      REMIC II-C.

     

     “Uncertificated
      Balance”:  The principal amount of any uncertificated Regular Interest
      outstanding as of any date of determination. As of the Closing Date, the
      Uncertificated Balance of each such Regular Interest shall equal the amount
      set
      forth in the Preliminary Statement hereto as its initial Uncertificated Balance.
      On each Distribution Date, the Uncertificated Balance of each such Regular
      Interest shall be reduced by all distributions of principal made on such Regular
      Interest on such Distribution Date pursuant to Section 4.07 and, if and to
      the
      extent necessary and appropriate, shall be further reduced on such Distribution
      Date by Realized Losses as provided in Section 4.07.

     

    “Uncertificated
      Notional Amount”: With respect to REMIC II-A Regular Interest LT-XS1, the
      aggregate Scheduled Principal Balance of the Group 2 Mortgage
      Loans.  REMIC II-B Regular Interest LT-XS1 will not have an
      Uncertificated Notional Amount, but will be entitled to 100% of amounts
      distributed on REMIC II-A Regular Interest LT-XS1.

     

    “Undercollateralized
      Amount”: As to any Distribution Date and any Loan Group, the excess, if any, of
      the Certificate Principal Balance of the related Class A Certificates
      immediately prior to such Distribution Date over the sum of (i) the aggregate
      Scheduled Principal Balance of the related Mortgage Loans plus (ii) the
      aggregate Scheduled Principal Balance of the REO Properties in the related
      Loan
      Group, in each case before reduction for any Realized Losses on such
      Distribution Date.

     

    “Undercollateralized
      Loan Group”: With respect to either Collateral Pool, as to any Distribution
      Date, any Loan Group within such Collateral Pool for which an
      Undercollateralized Amount greater than zero is calculated.

     

    “Uninsured
      Cause”: Any cause of damage to a Mortgaged Property such that the complete
      restoration of such property is not fully reimbursable by the hazard insurance
      policies required to be maintained pursuant to Section 3.14.

     

    “United
      States Person”: A citizen or resident of the United States, a corporation,
      partnership or other entity created or organized in, or under the laws of,
      the
      United States, any State thereof or the District of Columbia (except, in the
      case of a partnership, to the extent provided in regulations); provided that,
      for purposes solely of the restrictions on the transfer of the Class R
      Certificates, no partnership or other entity treated as a partnership for United
      States federal income tax purposes shall be treated as a United States Person
      unless all persons that own an interest in such partnership either directly
      or
      through any entity that is not a corporation for United States federal income
      tax purposes are required by the applicable operative agreement to be United
      States Persons, or an estate whose income is subject to United States federal
      income tax regardless of its source, or a trust if a court within the United
      States is able to exercise primary supervision over the administration of the
      trust and one or more United States Persons have the authority to control all
      substantial decisions of the trust. To the extent prescribed in regulations
      by
      the Secretary of the Treasury, a trust which was in existence on August 20,
      1996
      (other than a trust treated as owned by the grantor under subpart E of part
      I of
      subchapter J of chapter 1 of the Code), and which was treated as a United States
      person on August 20, 1996 may elect to continue to be treated as a United States
      person notwithstanding the previous sentence. The term “United States” shall
      have the meaning set forth in Section 7701 of the Code.

     

    “Value”:
      With respect to any Mortgaged Property, the value thereof as determined by
      an
      appraisal made for the originator of the Mortgage Loan at the time of
      origination of the Mortgage Loan or such other value assigned to such Mortgaged
      Property by the originator at the time of origination of the Mortgage
      Loan.

     

    “Voting
      Rights”:  The portion of the voting rights of all of the Certificates
      which is allocated to any Certificate.  At all times during the term of
      this Agreement, (i) 98% of all voting rights relating to Collateral Pool
      1 shall be allocated among the holders of the related certificates (other
      than the related Residual Certificates and the related Interest Only
      Certificates) in proportion to the then outstanding Certificate Principal
      Balances of their respective certificates, (ii) 1% of all voting rights
      relating to  Collateral Pool 1 shall be allocated among the holders of the
      Interest Only Certificates in proportion to the then outstanding Notional
      Amounts of the then respective certificates and (iii) 1% of all voting
      rights relating to  Collateral Pool 1 shall be allocated among the holders
      of the related Residual Certificates, in each case in proportion to the
      percentage interests in such Classes evidenced by their
      respective Certificates.

     

    At
      all
      times during the term of this Agreement, (i) 97% of all voting rights
      relating to Collateral Pool 2 shall  be allocated among the holders of
      the related certificates (other than the related Residual Certificates and
      the
      related Interest Only Certificates) in proportion to the then outstanding
      Certificate Principal Balances of their respective certificates, (ii)
      1% of the voting rights relating to Collateral Pool 2 shall be allocated
      among the holders of the Inverse Floating Certificates in proportion to the
      then outstanding Notional Amounts and (iii)  1% of the voting rights
      relating to Collateral Pool 2 shall be allocated among the holders of the
      Class 2-XS Certificates and (iv)  1% of the voting rights relating to
      Collateral Pool 2 shall be allocated among the holders of the related
      Residual Certificates, in each case in proportion to the percentage interests
      in
      such Classes evidenced by their respective Certificates.

     

    “Wachovia”:
      Wachovia Mortgage Corporation, or its successors in interest.

     

    “Wachovia
      Mortgage Loans”: The Mortgage Loans originated by Wachovia and serviced by
      Wachovia pursuant to the Initial Sub-Servicing Agreement to which it is a
      party.

     

    “Weichert”:
      Weichert Financial Services, or its successors in interest.

     

    “Weichert
      Mortgage Loans”: The Mortgage Loans originated by Weichert and serviced by Wells
      Fargo pursuant to the Initial Sub-Servicing Agreement to which it is a
      party.

     

     “Wells
      Fargo”: Wells Fargo Bank, N.A., or its successor in interest.

     

    “Wells
      Fargo Mortgage Loans”: The Mortgage Loans originated by Wells Fargo and serviced
      by Wells Fargo pursuant to the Initial Sub-Servicing Agreement to which it
      is a
      party.

     

    
      	
              SECTION
                1.02  

            	
              Allocation
                of Certain Interest Shortfalls.

            

    

     

    The
      aggregate amount of any Prepayment Interest Shortfalls (to the extent not
      covered by payments by the Master Servicer pursuant to Section 3.24) and any
      Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans in
      a
      Collateral Pool for any Distribution Date shall be allocated among the related
      Certificates (other than the Class 2- PO Certificates) pro rata in
      accordance with, and to the extent of one month’s interest at the Pass Through
      Rate on the respective Certificate Principal Balance or Notional Amount of such
      Certificate immediately prior to such Distribution Date.

     

    The
      aggregate amount of any Prepayment Interest Shortfalls (to the extent not
      covered by payments by the Master Servicer pursuant to Section 3.24) and any
      Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans in
      Collateral Pool 1 for any Distribution Date shall be allocated to Uncertificated
      Interest payable to each REMIC I-A Regular Interest, pro rata, based on, and
      to
      the extent of, one month’s interest at the then applicable respective REMIC I-A
      Remittance Rate on the respective Uncertificated Balance of each such REMIC
      I-A
      Regular Interest.

     

    The
      aggregate amount of any Prepayment Interest Shortfalls (to the extent not
      covered by payments by the Master Servicer pursuant to Section 3.24) and any
      Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans in
      Collateral Pool 1 for any Distribution Date shall be allocated to Uncertificated
      Interest payable to each REMIC I-B Regular Interest in the same manner and
      priority as such amounts are allocated to the Corresponding
      Certificates.

     

    The
      aggregate amount of any Prepayment Interest Shortfalls (to the extent not
      covered by payments by the Master Servicer pursuant to Section 3.24) and any
      Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans in
      Collateral Pool 2 for any Distribution Date shall be allocated to Uncertificated
      Interest payable to each REMIC II-A Regular Interest (other than REMIC II-A
      Regular Interest LT-PO1), pro rata, based on, and to the extent of, one month’s
      interest at the then applicable respective REMIC II-A Remittance Rate on the
      respective Uncertificated Balance of each such REMIC II-A Regular
      Interest.

     

     The
      aggregate amount of any Prepayment Interest Shortfalls (to the extent not
      covered by payments by the Master Servicer pursuant to Section 3.24) and any
      Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans in
      Collateral Pool 2 for any Distribution Date shall be allocated to Uncertificated
      Interest payable to each REMIC II-B Regular Interest in the same manner and
      priority as such amounts are allocated to the Corresponding
      Certificates.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      II

     

    CONVEYANCE
      OF MORTGAGE LOANS;

    ORIGINAL
      ISSUANCE OF CERTIFICATES

     

    
      	
              SECTION
                2.01  

            	
              Conveyance
                of Mortgage Loans.

            

    

     

    The
      Depositor, concurrently with the execution and delivery hereof, does hereby
      transfer, assign, set over and otherwise convey to the Trustee without recourse
      for the benefit of the Certificateholders all the right, title and interest
      of
      the Depositor, including any security interest therein for the benefit of the
      Depositor, in and to the Mortgage Loans identified on the Mortgage Loan
      Schedule, the rights of the Depositor under the Mortgage Loan Purchase Agreement
      (except Section 18 thereof), and all other assets included or to be included
      in
      REMIC I-A and REMIC II-A. Such assignment includes all interest and principal
      received by the Depositor or the Master Servicer on or with respect to the
      Mortgage Loans (other than payments of principal and interest due on such
      Mortgage Loans on or before the Cut-off Date).  The Depositor herewith
      delivers to the Trustee an executed copy of the Mortgage Loan Purchase
      Agreement, and the Trustee, on behalf of the Certificateholders, acknowledges
      receipt of the same.

     

    In
      connection with such transfer and assignment, the Depositor does hereby deliver
      to, and deposit with, the Trustee or a Custodian on its behalf, the following
      documents or instruments (a “Mortgage File”) with respect to each Mortgage Loan
      so transferred and assigned:

     

    (i)  The
      Mortgage Note, endorsed by manual or facsimile signature without recourse by
      the
      Originator or an Affiliate of the Originator in blank or to the Trustee showing
      a complete chain of endorsements from the named payee to the Trustee or from
      the
      named payee to the Affiliate of the Originator and from such Affiliate to the
      Trustee;

     

    (ii)  The
      original recorded Mortgage, noting the presence of the MIN of the Mortgage
      Loan
      and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage
      Loan is a MOM Loan, with evidence of recording thereon or a copy of the Mortgage
      certified by the public recording office in those jurisdictions where the public
      recording office retains the original;

     

    (iii)  Unless
      the Mortgage Loan is registered on the MERS® System, an assignment to the
      Trustee in recordable form of the Mortgage which may be included, where
      permitted by local law, in a blanket assignment or assignments of the Mortgage
      to the Trustee, including any intervening assignments and showing a complete
      chain of title from the original mortgagee named under the Mortgage to the
      Person assigning the Mortgage Loan to the Trustee (or to MERS, noting the
      presence of the MIN, if the Mortgage Loan is registered on the MERS®
System);

     

    (iv)  Any
      original assumption, modification, buydown or conversion-to- fixed-interest-rate
      agreement applicable to the Mortgage Loan;

     

    (v)  With
      respect to any Mortgage Loan listed on the Mortgage Loan Schedule as subject
      to
      a Primary Mortgage Insurance Policy, the original Primary Mortgage Insurance
      Policy or certificate or a copy thereof;

     

    (vi)  The
      original or a copy of the title insurance policy (which may be a certificate
      or
      a short form policy relating to a master policy of title insurance) pertaining
      to the Mortgaged Property, or in the event such original title policy is
      unavailable, a copy of the preliminary title report and the lender’s recording
      instructions, with the original to be delivered within 180 days of the Closing
      Date or an attorney’s opinion of title in jurisdictions where such is the
      customary evidence of title; and

     

    (vii)  If
      such
      Mortgage Loan is a Buydown Mortgage Loan (as shown in the Mortgage Loan
      Schedule), the original Buydown Agreement or a copy thereof.

     

    In
      instances where an original recorded Mortgage cannot be delivered by the
      Depositor to the Trustee (or a Custodian on behalf of the Trustee) prior to
      or
      concurrently with the execution and delivery of this Agreement, due to a delay
      in connection with the recording of such Mortgage, the Depositor may, (a) in
      lieu of delivering such original recorded Mortgage referred to in clause (ii)
      above, deliver to the Trustee (or a Custodian on behalf of the Trustee) a copy
      thereof, provided that the Depositor certifies that the original Mortgage has
      been delivered to a title insurance company for recordation after receipt of
      its
      policy of title insurance or binder therefor (which may be a certificate
      relating to a master policy of title insurance), and (b) in lieu of delivering
      the completed assignment in recordable form referred to in clause (iii) above
      to
      the Trustee (or a Custodian on behalf of the Trustee), deliver such assignment
      to the Trustee (or a Custodian on behalf of the Trustee) completed except for
      recording information. In all such instances, the Depositor will deliver the
      original recorded Mortgage and completed assignment (if applicable) to the
      Trustee (or a Custodian on behalf of the Trustee) promptly upon receipt of
      such
      Mortgage. In instances where an original recorded Mortgage has been lost or
      misplaced, the Depositor or the related title insurance company may deliver,
      in
      lieu of such Mortgage, a copy of such Mortgage bearing recordation information
      and certified as true and correct by the office in which recordation thereof
      was
      made. In instances where the original or a copy of the title insurance policy
      referred to in clause (vi) above (which may be a certificate relating to a
      master policy of title insurance) pertaining to the Mortgaged Property relating
      to a Mortgage Loan cannot be delivered by the Depositor to the Trustee (or
      a
      Custodian on behalf of the Trustee) prior to or concurrently with the execution
      and delivery of this Agreement because such policy is not yet available, the
      Depositor may, in lieu of delivering the original or a copy of such title
      insurance referred to in clause (vi) above, deliver to the Trustee (or a
      Custodian on behalf of the Trustee) a binder with respect to such policy (which
      may be a certificate relating to a master policy of title insurance) and deliver
      the original or a copy of such policy (which may be a certificate relating
      to a
      master policy of title insurance) to the Trustee (or a Custodian on behalf
      of
      the Trustee) within 180 days of the Closing Date, in instances where an original
      assumption, modification, buydown or conversion-to-fixed-interest-rate agreement
      cannot be delivered by the Depositor to the Trustee (or a Custodian on behalf
      of
      the Trustee) prior to or concurrently with the execution and delivery of this
      Agreement, the Depositor may, in lieu of delivering the original of such
      agreement referred to in clause (iv) above, deliver a certified copy
      thereof.

     

    To
      the
      extent not already recorded, except with respect to any Mortgage Loan for which
      MERS is identified on the Mortgage or on a properly recorded assignment of
      the
      Mortgage as the mortgagee of record, the Master Servicer, at the expense of
      the
      Seller shall promptly (and in no event later than five Business Days following
      the later of the Closing Date and the date of receipt by the Master Servicer
      of
      the recording information for a Mortgage) submit or cause to be submitted for
      recording, at no expense to any Trust REMIC, in the appropriate public office
      for real property records, each Assignment delivered to it pursuant to (iii)
      above. In the event that any such Assignment is lost or returned unrecorded
      because of a defect therein, the Master Servicer, at the expense of the Seller,
      shall promptly prepare or cause to be prepared a substitute Assignment or cure
      or cause to be cured such defect, as the case may be, and thereafter cause
      each
      such Assignment to be duly recorded. Notwithstanding the foregoing, but without
      limiting the requirement that such Assignments be in recordable form, neither
      the Master Servicer nor the Trustee shall be required to submit or cause to
      be
      submitted for recording any Assignment delivered to it or a Custodian pursuant
      to (iii) above if such recordation shall not, as of the Closing Date, be
      required by the Rating Agencies, as a condition to their assignment on the
      Closing Date of their initial ratings to the Certificates, as evidenced by
      the
      delivery by the Rating Agencies of their ratings letters on the Closing Date;
      provided, however, notwithstanding the foregoing, the Master Servicer shall
      submit each Assignment for recording, at no expense to the Trust Fund or the
      Master Servicer, upon the earliest to occur of: (A) reasonable direction by
      Holders of Certificates entitled to at least 25% of the Voting Rights, (B)
      the
      occurrence of a Master Servicer Event of Termination, (C) the occurrence of
      a
      bankruptcy, insolvency or foreclosure relating to the Seller, (D) the occurrence
      of a servicing transfer as described in Section 7.02 of this Agreement and
      (E)
      with respect to any one Assignment the occurrence of a foreclosure relating
      to
      the Mortgagor under the related Mortgage. Notwithstanding the foregoing, if
      the
      Seller fails to pay the cost of recording the Assignments, such expense will
      be
      paid by the Master Servicer and the Master Servicer shall be reimbursed for
      such
      expenses by the Trust as set forth herein.

     

    In
      connection with the assignment of any Mortgage Loan registered on the MERS
      System, the Depositor further agrees that it will cause, within 30 Business
      Days
      after the Closing Date, the MERS System to indicate that such Mortgage Loans
      have been assigned by the Depositor to the Trustee in accordance with this
      Agreement for the benefit of the Certificateholders by including in such
      computer files (a) the code in the field which identifies the specific Trustee
      and (b) the code in the field “Pool Field” which  identifies the
      series of the Certificates issued in connection with such Mortgage Loans. The
      Depositor  further agrees that it will not, and will not permit the
      Master Servicer to, and the Master Servicer agrees that it will not and will
      not
      permit a Sub-Servicer to, alter the codes referenced in this paragraph with
      respect to any Mortgage Loan during the term of this Agreement unless and until
      such Mortgage Loan is repurchased in accordance with the terms of this
      Agreement.

     

    With
      respect to a maximum of 5.00% of the Original Mortgage Loans, by outstanding
      principal balance of the Original Mortgage Loans as of the Cut-off Date, if
      any
      original Mortgage Note referred to in (i) above cannot be located, the
      obligations of the Depositor to deliver such documents shall be deemed to be
      satisfied upon delivery to the Trustee (or a Custodian on behalf of the Trustee)
      of a photocopy of such Mortgage Note, if available, with a lost note affidavit.
      If any of the original Mortgage Notes for which a lost note affidavit was
      delivered to the Trustee (or a Custodian on behalf of the Trustee) is
      subsequently located, such original Mortgage Note shall be delivered to the
      Trustee (or a Custodian on behalf of the Trustee) within three Business
      Days.

     

    The
      Depositor shall deliver or cause to be delivered to the Trustee (or a Custodian
      on behalf of the Trustee) promptly upon receipt thereof any other original
      documents constituting a part of a Mortgage File received with respect to any
      Mortgage Loan, including, but not limited to, any original documents evidencing
      an assumption, modification, consolidation or extension of any Mortgage
      Loan.

     

    All
      original documents relating to the Mortgage Loans that are not delivered to
      the
      Trustee (or a Custodian on behalf of the Trustee) are and shall be held by
      or on
      behalf of the Seller, the Depositor or the Master Servicer, as the case may
      be,
      in trust for the benefit of the Trustee on behalf of the Certificateholders.
      In
      the event that any such original document is required pursuant to the terms
      of
      this Section to be a part of a Mortgage File, such document shall be delivered
      promptly to the Trustee (or a Custodian on behalf of the Trustee). Any such
      original document delivered to or held by the Depositor that is not required
      pursuant to the terms of this Section to be a part of a Mortgage File, shall
      be
      delivered promptly to the Master Servicer.

     

    Wherever
      it is provided in this Section 2.01 that any document, evidence or information
      relating to a Mortgage Loan be delivered or supplied to the Trustee, the
      Depositor shall do so by delivery thereof to the Trustee or Custodian on behalf
      of the Trustee.

     

    It
      is
      agreed and understood by the parties hereto that it is not intended that any
      Mortgage Loan to be included in the Trust Fund be (i) a “High-Cost Home Loan” as
      defined in the New Jersey Home Ownership Act effective November 27, 2003, (ii)
      a
“High-Cost Home Loan” as defined in the New Mexico Home Loan Protection Act
      effective January 1, 2004, (iii) a “High-Cost Home Mortgage Loan” as defined in
      the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004
      or (iv) a “High Cost Home Loan” as defined in the Indiana Home Loan Practices
      Act effective January 1, 2005.  It is agreed and understood by the
      parties hereto that it is not intended that any Mortgage Loan to be included
      in
      the Trust Fund not comply in all material respects with applicable local, state
      and federal laws, including, but not limited to, all applicable predatory and
      abusive lending laws.

     

    
      	
              SECTION
                2.02  

            	
              Acceptance
                of the Trust Fund by the Trustee.

            

    

     

    Subject
      to the provisions of Section 2.01 and subject to any exceptions noted on an
      exception report delivered by or on behalf of the Trustee, the Trustee
      acknowledges receipt of the documents referred to in Section 2.01 (other than
      such documents described in Section 2.01(iv)) and all other assets included
      in
      the definition of “Trust Fund” and declares that it holds and will hold such
      documents and the other documents delivered to it constituting the Mortgage
      File, and that it holds or will hold all such assets and such other assets
      included in the definition of “Trust Fund” in trust for the exclusive use and
      benefit of all present and future Certificateholders.

     

    The
      Trustee, by execution and delivery hereof, acknowledges receipt, subject to
      the
      review described in the succeeding sentence, of the documents and other property
      referred to in Section 2.01 and declares that the Trustee (or a Custodian on
      behalf of the Trustee) holds and will hold such documents and other property,
      including property yet to be received in the Trust Fund, in trust, upon the
      trusts herein set forth, for the benefit of all present and future
      Certificateholders. The Trustee or a Custodian on its behalf shall, for the
      benefit of the Trustee and the Certificateholders, review each Mortgage File
      within 90 days after execution and delivery of this Agreement, to ascertain
      that
      all required documents have been executed, received and recorded, if applicable,
      and that such documents relate to the Mortgage Loans. If in the course of such
      review the Trustee or a Custodian on its behalf finds a document or documents
      constituting a part of a Mortgage File to be defective in any material respect,
      the Trustee or a Custodian on its behalf shall promptly so notify the Depositor,
      the Trust Administrator, the Paying Agent, the Seller, the Master Servicer
      and,
      if such notice is from a Custodian on the Trustee’s behalf, the Trustee. In
      addition, upon the discovery by the Depositor, the Master Servicer, the Trust
      Administrator, the Paying Agent or the Trustee of a breach of any of the
      representations and warranties made by the Seller in the Mortgage Loan Purchase
      Agreement in respect of any Mortgage Loan which materially adversely affects
      such Mortgage Loan or the interests of the related Certificateholders in such
      Mortgage Loan, the party discovering such breach shall give prompt written
      notice to the other parties.

     

    The
      Depositor and the Trustee intend that the assignment and transfer herein
      contemplated constitute a sale of the Mortgage Loans, the related Mortgage
      Notes
      and the related documents, conveying good title thereto free and clear of any
      liens and encumbrances, from the Depositor to the Trustee in trust for the
      benefit of the Certificateholders and that such property not be part of the
      Depositor’s estate or property of the Depositor in the event of any insolvency
      by the Depositor. In the event that such conveyance is deemed to be, or to
      be
      made as security for, a loan, the parties intend that the Depositor shall be
      deemed to have granted and does hereby grant to the Trustee a first priority
      perfected security interest in all of the Depositor’s right, title and interest
      in and to the Mortgage Loans, the related Mortgage Notes and the related
      documents, and that this Agreement shall constitute a security agreement under
      applicable law.

     

    The
      Trustee may, concurrently with the execution and delivery hereof or at any
      time
      thereafter, enter into a custodial agreement with a Custodian pursuant to which
      the Trustee appoints a Custodian to hold the Mortgage Files on behalf of the
      Trustee for the benefit of the Trustee and all present and future
      Certificateholders, which may provide that the Custodian shall, on behalf of
      the
      Trustee, conduct the review of each Mortgage File required under the first
      paragraph of this Section 2.02. Initially, Citibank, N.A. is appointed as
      Custodian with respect to the Mortgage Files of the Mortgage Loans and,
      notwithstanding anything to the contrary herein, it is understood that such
      initial Custodian shall be responsible for the review contemplated in the second
      paragraph of this Section 2.02 and for all other functions relating to the
      receipt, review, reporting and certification provided for herein with respect
      to
      the Mortgage Files (other than ownership thereof for the benefit of the
      Certificateholders and related duties and obligations set forth
      herein).

     

    
      	
              SECTION
                2.03  

            	
              Repurchase
                or Substitution of Mortgage Loans by the Seller or the
                Depositor.

            

    

     

    (a)  Upon
      discovery or receipt of notice by the Depositor, the Master Servicer, the Trust
      Administrator or the Trustee of any materially defective document in, or that
      a
      document is missing from, a Mortgage File or of the breach by the Seller of
      any
      representation, warranty or covenant under the Mortgage Loan Purchase Agreement
      in respect of any Mortgage Loan which materially adversely affects the value
      of
      such Mortgage Loan or the interest therein of the Certificateholders, the party
      so discovering or receiving notice shall promptly notify the other parties
      to
      this Agreement, and the Trustee thereupon shall promptly notify the Seller
      of
      such defect, missing document or breach and request that the Seller deliver
      such
      missing document or cure such defect or breach within 90 days from the date
      the
      Seller was notified of such missing document, defect or breach, and if the
      Seller does not deliver such missing document or cure such defect or breach
      in
      all material respects during such period, the Trustee shall enforce the
      obligations of the Seller under the Mortgage Loan Purchase Agreement (i) to
      repurchase such Mortgage Loan from REMIC I-A or REMIC II-A at the Purchase
      Price
      within 90 days after the date on which the Seller was notified (subject to
      Section 2.03(e)) of such missing document, defect or breach, and (ii) to
      indemnify the Trust Fund in respect of such missing document, defect or breach,
      in the case of each of (i) and (ii),  if and to the extent that the
      Seller is obligated to do so under the Mortgage Loan Purchase Agreement. The
      Purchase Price for the repurchased Mortgage Loan and any indemnification shall
      be remitted by the Seller to the Master Servicer for deposit into the Collection
      Account, and the Trust Administrator, upon receipt of written notice from the
      Master Servicer of such deposit, shall give written notice to the Trustee that
      such deposit has taken place and the Trustee shall release (or cause a Custodian
      to release on its behalf) to the Seller the related Mortgage File, and the
      Trustee and the Trust Administrator shall execute and deliver such instruments
      of transfer or assignment, in each case without recourse, as the Seller shall
      furnish to it and as shall be necessary to vest in the Seller any Mortgage
      Loan
      released pursuant hereto, and the Trustee and the Trust Administrator shall
      have
      no further responsibility with regard to such Mortgage File. In furtherance
      of
      the foregoing, if the Seller is not a member of MERS and repurchases a Mortgage
      Loan which is registered on the MERS System, the Seller pursuant to the Mortgage
      Loan Purchase Agreement at its own expense and without any right of
      reimbursement, shall cause MERS to execute and deliver an assignment of the
      Mortgage in recordable form to transfer the Mortgage from MERS to the Seller
      and
      shall cause such Mortgage to be removed from registration on the MERS System
      in
      accordance with MERS rules and regulations. In lieu of repurchasing any such
      Mortgage Loan as provided above, if so provided in the Mortgage Loan Purchase
      Agreement the Seller may cause such Mortgage Loan to be removed from REMIC
      I-A
      or REMIC II-A (in which case it shall become a Deleted Mortgage Loan) and
      substitute one or more Qualified Substitute Mortgage Loans in the manner and
      subject to the limitations set forth in Section 2.03(d). It is understood and
      agreed that the obligation of the Seller to cure or to repurchase (or to
      substitute for) any Mortgage Loan as to which a document is missing, a material
      defect in a constituent document exists or as to which such a breach has
      occurred and is continuing, and if and to the extent provided in the Mortgage
      Loan Purchase Agreement to perform any applicable indemnification obligations
      with respect to any such omission, defect or breach, as provided in the Mortgage
      Loan Purchase Agreement, shall constitute the only remedies respecting such
      omission, defect or breach available to the Trustee or the Trust Administrator
      on behalf of the Certificateholders.

     

    (b)  Reserved.

     

    (c)  Within
      90
      days of the earlier of discovery by the Master Servicer or receipt of notice
      by
      the Master Servicer of the breach of any representation, warranty or covenant
      of
      the Master Servicer set forth in Section 2.05 which materially and adversely
      affects the interests of the Certificateholders in any Mortgage Loan, the Master
      Servicer shall cure such breach in all material respects.

     

    (d)  Any
      substitution of Qualified Substitute Mortgage Loans for Deleted Mortgage Loans
      made pursuant to Section 2.03(a) must be effected prior to the date which is
      two
      years after the Startup Day for REMIC I-A or REMIC II-A.

     

    As
      to any
      Deleted Mortgage Loan for which the Seller substitutes a Qualified Substitute
      Mortgage Loan or Loans, such substitution shall be effected by the Seller
      delivering to the Trustee (or to a Custodian on behalf of the Trustee, as
      applicable), for such Qualified Substitute Mortgage Loan or Loans, the Mortgage
      Note, the Mortgage, the Assignment in blank or to the Trustee, and such other
      documents and agreements, with all necessary endorsements thereon, as are
      required by Section 2.01, together with an Officers’ Certificate providing that
      each such Qualified Substitute Mortgage Loan satisfies the definition thereof
      and specifying the Substitution Shortfall Amount (as described below), if any,
      in connection with such substitution. A Custodian on its behalf and on behalf
      of
      the Trustee shall, for the benefit of the Certificateholders, review each
      Mortgage File within 90 days after execution and delivery of this Agreement,
      to
      ascertain that all required documents have been executed, received and recorded,
      if applicable, and that such documents relate to the Mortgage Loans. If in
      the
      course of such review the Trustee or a Custodian on its behalf finds a document
      or documents constituting a part of a Mortgage File to be defective in any
      material respect, the Trustee or a Custodian on its behalf shall promptly so
      notify the Depositor, the Trust Administrator, the Seller and the Master
      Servicer. Monthly Payments due with respect to Qualified Substitute Mortgage
      Loans in the month of substitution are not part of the Trust Fund and will
      be
      retained by the Seller. For the month of substitution, distributions to
      Certificateholders will reflect the Monthly Payment due on such Deleted Mortgage
      Loan on or before the Due Date in the month of substitution, and the Seller
      shall thereafter be entitled to retain all amounts subsequently received in
      respect of such Deleted Mortgage Loan. The Trust Administrator shall give or
      cause to be given written notice to the Trustee and the Certificateholders
      that
      such substitution has taken place, and the Trust Administrator shall amend
      or
      cause the Custodian to amend the Mortgage Loan Schedule to reflect the removal
      of such Deleted Mortgage Loan from the terms of this Agreement and the
      substitution of the Qualified Substitute Mortgage Loan or Loans and, upon
      receipt thereof, shall deliver a copy of such amended Mortgage Loan Schedule
      to
      the Master Servicer. Upon such substitution, such Qualified Substitute Mortgage
      Loan or Loans shall constitute part of the Mortgage Pool and shall be subject
      in
      all respects to the terms of this Agreement and the Mortgage Loan Purchase
      Agreement (including all applicable representations and warranties thereof
      included in the Mortgage Loan Purchase Agreement), in each case as of the date
      of substitution.

     

    For
      any
      month in which the Seller substitutes one or more Qualified Substitute Mortgage
      Loans for one or more Deleted Mortgage Loans, the Master Servicer will determine
      the amount (the “Substitution Shortfall Amount”), if any, by which the aggregate
      Purchase Price of all such Deleted Mortgage Loans exceeds the aggregate of,
      as
      to each such Qualified Substitute Mortgage Loan, the Scheduled Principal Balance
      thereof as of the date of substitution, together with one month’s interest on
      such Scheduled Principal Balance at the applicable Mortgage Loan Remittance
      Rate. On the date of such substitution, the Trustee will monitor the obligation
      of the Seller to deliver or cause to be delivered, and shall request that such
      delivery be to the Master Servicer for deposit in the Collection Account, an
      amount equal to the Substitution Shortfall Amount, if any, and the Trustee
      (or a
      Custodian on behalf of the Trustee, as applicable), upon receipt of the related
      Qualified Substitute Mortgage Loan or Loans and written notice given by the
      Master Servicer of such deposit, shall release to the Seller the related
      Mortgage File or Files and the Trustee and the Trust Administrator shall execute
      and deliver such instruments of transfer or assignment, in each case without
      recourse, as the Seller shall deliver to it and as shall be necessary to vest
      therein any Deleted Mortgage Loan released pursuant hereto.

     

    In
      addition, the Seller shall obtain at its own expense and deliver to the Trustee
      and the Trust Administrator an Opinion of Counsel to the effect that such
      substitution will not cause (a) any federal tax to be imposed on any Trust
      REMIC, including without limitation, any federal tax imposed on “prohibited
      transactions” under Section 860F(a)(1) of the Code or on “contributions after
      the startup date” under Section 860G(d)(1) of the Code, or (b) any Trust REMIC
      to fail to qualify as a REMIC at any time that any Certificate is
      outstanding.

     

    (e)  Upon
      discovery by the Depositor, the Master Servicer, the Trust Administrator or
      the
      Trustee that any Mortgage Loan does not constitute a “qualified mortgage” within
      the meaning of Section 860G(a)(3) of the Code, the party discovering such fact
      shall within two Business Days give written notice thereof to the other parties
      to this Agreement, and the Trustee shall give written notice thereof to the
      Seller. In connection therewith, the Seller pursuant to the Mortgage Loan
      Purchase Agreement or the Depositor pursuant to this Agreement shall repurchase
      or, subject to the limitations set forth in Section 2.03(d), substitute one
      or
      more Qualified Substitute Mortgage Loans for the affected Mortgage Loan within
      90 days of the earlier of discovery or receipt of such notice with respect
      to
      such affected Mortgage Loan. Such repurchase or substitution shall be made
      by
      (i) the Seller if the affected Mortgage Loan’s status as a non-qualified
      mortgage is or results from a breach of any representation, warranty or covenant
      made by the Seller under the Mortgage Loan Purchase Agreement or (ii) the
      Depositor, if the affected Mortgage Loan’s status as a non-qualified mortgage is
      a breach of no representation or warranty. Any such repurchase or substitution
      shall be made in the same manner as set forth in Sections 2.03(a) and 2.03(d).
      The Trustee shall reconvey to the Depositor or the Seller, as the case may
      be,
      the Mortgage Loan to be released pursuant hereto in the same manner, and on
      the
      same terms and conditions, as it would a Mortgage Loan repurchased by the Seller
      for breach of a representation or warranty.

     

    
      	
              SECTION
                2.04  

            	
              Reserved.

            

    

     

    
      	
              SECTION
                2.05  

            	
              Representations,
                Warranties and Covenants of the Master
                Servicer.

            

    

     

    The
      Master Servicer hereby represents, warrants and covenants to the Trust
      Administrator and the Trustee, for the benefit of each of the Trustee, the
      Trust
      Administrator, the Certificateholders and to the Depositor that as of the
      Closing Date or as of such date specifically provided herein:

     

    (i)  The
      Master Servicer is a corporation duly organized, validly existing and in good
      standing under the laws of the State of New York and is duly authorized and
      qualified to transact any and all business contemplated by this Agreement to
      be
      conducted by the Master Servicer in any state in which a Mortgaged Property
      is
      located or is otherwise not required under applicable law to effect such
      qualification and, in any event, is in compliance with the doing business laws
      of any such State, to the extent necessary to ensure its ability to enforce
      each
      Mortgage Loan and to service the Mortgage Loans in accordance with the terms
      of
      this Agreement;

     

    (ii)  The
      Master Servicer has the full corporate power and authority to service each
      Mortgage Loan, and to execute, deliver and perform, and to enter into and
      consummate the transactions contemplated by this Agreement and has duly
      authorized by all necessary corporate action on the part of the Master Servicer
      the execution, delivery and performance of this Agreement; and this Agreement,
      assuming the due authorization, execution and delivery thereof by the other
      parties hereto, constitutes a legal, valid and binding obligation of the Master
      Servicer, enforceable against the Master Servicer in accordance with its terms,
      except to the extent that (a) the enforceability thereof may be limited by
      bankruptcy, insolvency, moratorium, receivership and other similar laws relating
      to creditors’ rights generally and (b) the remedy of specific performance and
      injunctive and other forms of equitable relief may be subject to the equitable
      defenses and to the discretion of the court before which any proceeding therefor
      may be brought;

     

    (iii)  The
      execution and delivery of this Agreement by the Master Servicer, the servicing
      of the Mortgage Loans by the Master Servicer hereunder, the consummation of
      any
      other of the transactions herein contemplated, and the fulfillment of or
      compliance with the terms hereof are in the ordinary course of business of
      the
      Master Servicer and will not (A) result in a breach of any term or provision
      of
      the charter or by-laws of the Master Servicer or (B) conflict with, result
      in a
      breach, violation or acceleration of, or result in a default under, the terms
      of
      any other material agreement or instrument to which the Master Servicer is
      a
      party or by which it may be bound, or any statute, order or regulation
      applicable to the Master Servicer of any court, regulatory body, administrative
      agency or governmental body having jurisdiction over the Master Servicer; and
      the Master Servicer is not a party to, bound by, or in breach or violation
      of
      any indenture or other agreement or instrument, or subject to or in violation
      of
      any statute, order or regulation of any court, regulatory body, administrative
      agency or governmental body having jurisdiction over it, which materially and
      adversely affects or, to the Master Servicer’s knowledge, would in the future
      materially and adversely affect, (x) the ability of the Master Servicer to
      perform its obligations under this Agreement or (y) the business, operations,
      financial condition, properties or assets of the Master Servicer taken as a
      whole;

     

    (iv)  The
      Master Servicer is an approved seller/servicer for Fannie Mae or Freddie Mac
      in
      good standing and is a HUD approved mortgagee pursuant to Section 203 of the
      National Housing Act;

     

    (v)  No
      litigation is pending against the Master Servicer that would materially and
      adversely affect the execution, delivery or enforceability of this Agreement
      or
      the ability of the Master Servicer to service the Mortgage Loans or to perform
      any of its other obligations hereunder in accordance with the terms
      hereof;

     

    (vi)  No
      consent, approval, authorization or order of any court or governmental agency
      or
      body is required for the execution, delivery and performance by the Master
      Servicer of, or compliance by the Master Servicer with, this Agreement or the
      consummation of the transactions contemplated by this Agreement, except for
      such
      consents, approvals, authorizations or orders, if any, that have been obtained
      prior to the Closing Date;

     

    (vii)  The
      Master Servicer covenants that its computer and other systems used in servicing
      the Mortgage Loans operate in a manner such that the Master Servicer can service
      the Mortgage Loans in accordance with the terms of this Agreement;
      and

     

    (viii)  The
      Master Servicer (or a Sub-Servicer servicing the Mortgage Loans on its behalf)
      is a member of MERS in good standing, and will comply in all material respects
      with the rules and procedures of MERS in connection with the servicing of the
      Mortgage Loans that are registered with MERS.

     

    It
      is
      understood and agreed that the representations, warranties and covenants set
      forth in this Section 2.05 shall survive delivery of the Mortgage Files to
      the
      Trustee or to a Custodian on its behalf and shall inure to the benefit of the
      Trustee, the Trust Administrator, the Depositor and the Certificateholders.
      Upon
      discovery by any of the Depositor, the Master Servicer, the Trust Administrator
      or the Trustee of a breach of any of the foregoing representations, warranties
      and covenants which materially and adversely affects the value of any Mortgage
      Loan or the interests therein of the Certificateholders, the party discovering
      such breach shall give prompt written notice (but in no event later than two
      Business Days following such discovery) to the Trustee. Subject to Section
      7.01,
      the obligation of the Master Servicer set forth in Section 2.03(c) to cure
      breaches shall constitute the sole remedies against the Master Servicer
      available to the Certificateholders, the Depositor, the Trust Administrator
      or
      the Trustee on behalf of the Certificateholders respecting a breach of the
      representations, warranties and covenants contained in this Section
      2.05.

     

    
      	
              SECTION
                2.06  

            	
              Issuance
                of the Certificates.

            

    

     

    The
      Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery
      to it or to a Custodian on its behalf, of the Mortgage Files, subject to the
      provisions of Section 2.01 and Section 2.02, together with the assignment to
      it
      of all other assets included in REMIC I-A and REMIC II-A delivered on the date
      hereof, receipt of which is hereby acknowledged. Concurrently with such
      assignment and delivery of such assets delivered on the date hereof and in
      exchange therefor, the Paying Agent, pursuant to the written request of the
      Depositor executed by an officer of the Depositor, has executed, and the
      Authenticating Agent has authenticated and delivered, to or upon the order
      of
      the Depositor, the Certificates in authorized denominations. The interests
      evidenced by the Certificates constitute the entire beneficial ownership
      interest in REMIC I-C and REMIC II-C

     

    
      	
              SECTION
                2.07  

            	
              Conveyance
                of the REMIC Regular Interests; Acceptance of the Trust REMICs by
                the
                Trustee.

            

    

     

    The
      Depositor, concurrently with the execution and delivery hereof, does hereby
      transfer, assign, set over and otherwise convey to the Trustee, without recourse
      all the right, title and interest of the Depositor in and to the REMIC I-A
      Regular Interests for the benefit of the Class 1-R Certificateholders (as holder
      of the Class R-IA Residual Interest) and REMIC I-B (as holder of the REMIC
      I-A
      Regular Interests). The Trustee acknowledges receipt of the REMIC I-A Regular
      Interests and declares that it holds and will hold the same in trust for the
      exclusive use and benefit of all present and future Class 1-R Certificateholders
      (as holder of the Class R-IA Residual Interest) and REMIC I-B (as holder of
      the
      REMIC I-A Regular Interests).  The Depositor, concurrently with the
      execution and delivery hereof, does hereby transfer, assign, set over and
      otherwise convey to the Trustee, without recourse all the right, title and
      interest of the Depositor in and to the REMIC I-B Regular Interests for the
      benefit of the Class 1-R Certificateholders (as holder of the Class R-IB
      Residual Interest) and REMIC I-C (as holder of the REMIC I-B Regular Interests).
      The Trustee acknowledges receipt of the REMIC I-B Regular Interests and declares
      that it holds and will hold the same in trust for the exclusive use and benefit
      of all present and future Class 1-R Certificateholders (as holder of the Class
      R-IB Residual Interest) and REMIC I-C (as holder of the REMIC I-B Regular
      Interests).  The rights of the Class 1-R Certificateholders (as holder
      of the Class R-IA Residual Interest) and of REMIC I-B (as holder of the REMIC
      I-A Regular Interests) to receive distributions from the proceeds of REMIC
      I-A,
      the rights of the Class 1-R Certificateholders (as holder of the Class R-IB
      Interest) and of REMIC I-C (as holder of the REMIC I-B Regular Interests) to
      receive distributions from the proceeds of REMIC I-B, and all ownership
      interests evidenced or constituted by the Group 1 Certificates evidencing
      interests in REMIC I-C, shall be as set forth in this Agreement.

     

    The
      Depositor, concurrently with the execution and delivery hereof, does hereby
      transfer, assign, set over and otherwise convey to the Trustee, without recourse
      all the right, title and interest of the Depositor in and to the REMIC II-A
      Regular Interests for the benefit of the Class 2-R Certificateholders (as holder
      of the Class R-IIA Residual Interest) and REMIC II-B (as holder of the REMIC
      II-A Regular Interests). The Trustee acknowledges receipt of the REMIC II-A
      Regular Interests and declares that it holds and will hold the same in trust
      for
      the exclusive use and benefit of all present and future Class 2-R
      Certificateholders (as holder of the Class R-IIA Residual Interest) and REMIC
      II-B (as holder of the REMIC II-A Regular Interests).  The Depositor,
      concurrently with the execution and delivery hereof, does hereby transfer,
      assign, set over and otherwise convey to the Trustee, without recourse all
      the
      right, title and interest of the Depositor in and to the REMIC II-B Regular
      Interests for the benefit of the Class 2-R Certificateholders (as holder of
      the
      Class R-IIB Residual Interest) and REMIC II-C (as holder of the REMIC II-B
      Regular Interests). The Trustee acknowledges receipt of the REMIC II-B Regular
      Interests and declares that it holds and will hold the same in trust for the
      exclusive use and benefit of all present and future Class 2-R Certificateholders
      (as holder of the Class R-IIB Residual Interest) and REMIC II-C (as holder
      of
      the REMIC II-B Regular Interests).  The rights of the Class 2-R
      Certificateholders (as holder of the Class R-IIA Residual Interest) and of
      REMIC
      II-B (as holder of the REMIC II-A Regular Interests) to receive distributions
      from the proceeds of REMIC II-A, the rights of the Class 2-R Certificateholders
      (as holder of the Class R-IIB Interest) and of REMIC II-C (as holder of the
      REMIC II-B Regular Interests) to receive distributions from the proceeds of
      REMIC II-B, and all ownership interests evidenced or constituted by the Group
      2
      Certificates evidencing interests in REMIC II-C, shall be as set forth in this
      Agreement.

     

    
      	
              SECTION
                2.08  

            	
              Authorization
                to Enter into the Interest Rate Cap
                Agreement

            

    

     

    Citibank,
      N.A. is hereby directed to execute and deliver the Interest Rate Cap Agreement
      as Cap Trustee on behalf of Party B (as defined therein) and to exercise the
      rights, perform the obligations, and make the representations of Party B
      thereunder, solely in its capacity as Cap Trustee on behalf of Party B (as
      defined therein) and not in its individual capacity.  The Master
      Servicer, the Trust Administrator, the Depositor and the Certificateholders
      (by
      acceptance of their Certificates) acknowledge and agree that (i) the Cap Trustee
      shall execute and deliver the Interest Rate Cap Agreement on behalf of Party
      B
      (as defined therein) and (ii) the Cap Trustee shall exercise the rights, perform
      the obligations, and make the representations of Party B thereunder, solely
      in
      its capacity as Cap Trustee on behalf of Party B (as defined therein) and not
      in
      its individual capacity.  Every provision of this Agreement relating
      to the conduct or affecting the liability of or affording protection to the
      Cap
      Trustee shall apply to the Cap Trustee’s execution of the Interest Rate Cap
      Agreement, and the performance of its duties and satisfaction of its obligations
      thereunder.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      III

     

    ADMINISTRATION
      AND SERVICING

    OF
      THE
      MORTGAGE LOANS

     

    
      	
              SECTION
                3.01  

            	
              Master
                Servicer to Act as Master Servicer.

            

    

     

    The
      Master Servicer shall service and administer the Mortgage Loans on behalf of
      the
      Trustee and in the best interests of and for the benefit of the
      Certificateholders (as determined by the Master Servicer in its reasonable
      judgment) in accordance with the terms of this Agreement and the respective
      Mortgage Loans and, to the extent consistent with such terms, in the same manner
      in which it services and administers similar mortgage loans for its own
      portfolio, giving due consideration to customary and usual standards of practice
      of prudent mortgage lenders and loan servicers administering similar mortgage
      loans but without regard to:

     

    (i)  any
      relationship that the Master Servicer, any Sub-Servicer or any Affiliate of
      the
      Master Servicer or any Sub-Servicer may have with the related
      Mortgagor;

     

    (ii)  the
      ownership of any Certificate by the Master Servicer or any Affiliate of the
      Master Servicer;

     

    (iii)  the
      Master Servicer’s obligation to make P&I Advances or Servicing Advances;
      or

     

    (iv)  the
      Master Servicer’s or any Sub-Servicer’s right to receive compensation for its
      services hereunder or with respect to any particular transaction.

     

    To
      the
      extent consistent with the foregoing, the Master Servicer shall also seek to
      maximize the timely and complete recovery of principal and interest on the
      Mortgage Notes. Subject only to the above-described servicing standards and
      the
      terms of this Agreement and of the respective Mortgage Loans, the Master
      Servicer shall have full power and authority, acting alone or through
      Sub-Servicers as provided in Section 3.02, to do or cause to be done any and
      all
      things in connection with such servicing and administration which it may deem
      necessary or desirable. Without limiting the generality of the foregoing, the
      Master Servicer in its own name or in the name of a Sub-Servicer is hereby
      authorized and empowered by the Trustee when the Master Servicer believes it
      appropriate in its best judgment in accordance with the servicing standards
      set
      forth above, to execute and deliver, on behalf of the Certificateholders and
      the
      Trustee, and upon notice to the Trustee, any and all instruments of satisfaction
      or cancellation, or of partial or full release or discharge, and all other
      comparable instruments, with respect to the Mortgage Loans and the Mortgaged
      Properties and to institute foreclosure proceedings or obtain a deed-in-lieu
      of
      foreclosure so as to convert the ownership of such properties, and to hold
      or
      cause to be held title to such properties, on behalf of the Trustee and
      Certificateholders. The Master Servicer shall service and administer the
      Mortgage Loans in accordance with applicable state and federal law and shall
      provide to the Mortgagors any reports required to be provided to them thereby.
      The Master Servicer shall also comply in the performance of this Agreement
      with
      all reasonable rules and requirements of each insurer under each Primary
      Mortgage Insurance Policy and any standard hazard insurance policy. Subject
      to
      Section 3.17, the Trustee shall execute, at the written request of the Master
      Servicer, and furnish to the Master Servicer and any Sub-Servicer such documents
      as are necessary or appropriate to enable the Master Servicer or any
      Sub-Servicer to carry out their servicing and administrative duties hereunder,
      and the Trustee hereby grants to the Master Servicer a power of attorney to
      carry out such duties. The Trustee shall not be liable for the actions of the
      Master Servicer or any Sub-Servicers under such powers of attorney.

     

    In
      accordance with the standards of the preceding paragraph, the Master Servicer
      shall advance or cause to be advanced funds as necessary for the purpose of
      effecting the timely payment of taxes and assessments on the Mortgaged
      Properties, which advances shall be Servicing Advances reimbursable in the
      first
      instance from related collections from the Mortgagors pursuant to Section 3.09,
      and further as provided in Section 3.11. Any cost incurred by the Master
      Servicer or by Sub- Servicers in effecting the timely payment of taxes and
      assessments on a Mortgaged Property shall not, for the purpose of calculating
      distributions to Certificateholders, be added to the unpaid principal balance
      of
      the related Mortgage Loan, notwithstanding that the terms of such Mortgage
      Loan
      so permit.

     

    The
      Master Servicer further is authorized and empowered by the Trustee, on behalf
      of
      the Certificateholders and the Trustee, in its own name or in the name of the
      Sub-Servicer, when the Master Servicer or the Sub-Servicer, as the case may
      be,
      believes it is appropriate in its best judgment to register any Mortgage Loan
      on
      the MERS System, or cause the removal from the registration of any Mortgage
      Loan
      on the MERS System, to execute and deliver, on behalf of the Trustee and the
      Certificateholders or any of them, any and all instruments of assignment and
      other comparable instruments with respect to such assignment or re-recording
      of
      a Mortgage in the name of MERS, solely as nominee for the Trustee and its
      successors and assigns. Any reasonable expenses (i) incurred as a result of
      MERS
      discontinuing or becoming unable to continue operations in connection with
      the
      MERS System or (ii) if the affected Mortgage Loan is in default or, in the
      judgment of the Master Servicer, such default is reasonably foreseeable,
      incurred in connection with the actions described in the preceding sentence,
      shall be subject to withdrawal by the Master Servicer from the Collection
      Account.

     

    Notwithstanding
      anything in this Agreement to the contrary, the Master Servicer may not make
      any
      future advances with respect to a Mortgage Loan (except as provided in Section
      4.03) and the Master Servicer shall not (i) permit any modification with respect
      to any Mortgage Loan (except with respect to a Mortgage Loan that is in default
      or, in the judgment of the Master Servicer, such default is reasonably
      foreseeable) that would change the Mortgage Rate, reduce or increase the
      principal balance (except for reductions resulting from actual payments of
      principal) or change the final maturity date on such Mortgage Loan or (ii)
      permit any modification, waiver or amendment of any term of any Mortgage Loan
      that would both (A) effect an exchange or reissuance of such Mortgage Loan
      under
      Section 1001 of the Code (or final, temporary or proposed Treasury regulations
      promulgated thereunder) and (B) cause any Trust REMIC to fail to qualify as
      a
      REMIC under the Code or the imposition of any tax on “prohibited transactions”
or “contributions after the startup date” under the REMIC
      Provisions.

     

    The
      Master Servicer may delegate its responsibilities under this Agreement;
      provided, however, that no such delegation shall release the Master Servicer
      from the responsibilities or liabilities arising under this
      Agreement.

     

    The
      Master Servicer shall accurately and fully report (or cause each Sub-Servicer
      to
      accurately and fully report), its borrower credit files to each of the credit
      repositories in a timely manner.

     

    
      	
              SECTION
                3.02  

            	
              Sub-Servicing
                Agreements Between the Master Servicer and
                Sub-Servicers.

            

    

     

    (a)  The
      Master Servicer may enter into Sub-Servicing Agreements (provided that such
      agreements would not result in a withdrawal or a downgrading by the Rating
      Agencies of the rating on any Class of Certificates) with Sub-Servicers, for
      the
      servicing and administration of the Mortgage Loans.  As of the Cut-Off
      Date, Cenlar is the Sub-Servicer with respect to the OFS Mortgage Loans and
      in
      such capacity Cenlar will be primarily responsible for the servicing of such
      Mortgage Loans.  As of the Cut-Off Date, CitiMortgage is the
      Sub-Servicer with respect to the American Mortgage Loans, GreenPoint Mortgage
      Loans, LoanCity Mortgage Loans,
      Metro City Mortgages Loans, MortgageIT Mortgage Loans, Quicken Mortgage Loans,
      Secured Bankers Mortgage Loans and SilverState Mortgage Loans and in such
      capacity CitiMortgage will be primarily responsible for the servicing of such
      Mortgage Loans.  As of the Cut-Off Date, Countrywide Servicing is the
      Sub-Servicer with respect to the Countrywide Mortgage Loans and in such capacity
      Countrywide Servicing will be primarily responsible for the servicing of such
      Mortgage Loans.  As of the Cut-Off Date, GreenPoint is the
      Sub-Servicer with respect to the GreenPoint Mortgage Loans and in such capacity
      GreenPoint will be primarily responsible for the servicing of such Mortgage
      Loans.  As of the Cut-Off Date, National City Mortgage Co. is the
      Sub-Servicer with respect to the National City Mortgage Inc. Mortgage Loans
      and
      in such capacity National City Mortgage Co. will be primarily responsible for
      the servicing of such Mortgage Loans.  As of the Cut-Off Date,
      SunTrust is the Sub-Servicer with respect to the SunTrust Mortgage Loans and
      in
      such capacity SunTrust will be primarily responsible for the servicing of such
      Mortgage Loans.  As of the Cut-Off Date, Wachovia is the Sub-Servicer
      with respect to the Wachovia Mortgage Loans and in such capacity Wachovia will
      be primarily responsible for the servicing of such Mortgage Loans. As of the
      Cut-Off Date, Wells Fargo is the Sub-Servicer with respect to the American
      Home
      Mortgage Loans, the HomeBank Mortgage Loans, the Taylor, Bean Mortgage Loans,
      the Weichert Mortgage Loans and the Wells Fargo Mortgage Loans and in such
      capacity Wells Fargo will be primarily responsible for the servicing of such
      Mortgage Loans.

     

    (b)  Each
      Sub-Servicer shall be (i) authorized to transact business in the state or states
      in which the related Mortgaged Properties it is to service are situated, if
      and
      to the extent required by applicable law to enable the Sub-Servicer to perform
      its obligations hereunder and under the Sub-Servicing Agreement, (ii) an
      institution approved as a mortgage loan originator by the Federal Housing
      Administration or an institution the deposit accounts of which are insured
      by
      the FDIC and (iii) a Freddie Mac or Fannie Mae approved mortgage servicer.
      Each
      Sub-Servicing Agreement must impose on the Sub-Servicer requirements conforming
      to the provisions set forth in Section 3.08 and provide for servicing of the
      Mortgage Loans consistent with the terms of this Agreement. The Master Servicer
      will examine each Sub-Servicing Agreement and will be familiar with the terms
      thereof. The terms of any Sub-Servicing Agreement will not be inconsistent
      with
      any of the provisions of this Agreement. The Master Servicer and the
      Sub-Servicers may enter into and make amendments to the Sub-Servicing Agreements
      or enter into different forms of Sub-Servicing Agreements; provided, however,
      that any such amendments or different forms shall be consistent with and not
      violate the provisions of this Agreement, and that no such amendment or
      different form shall be made or entered into which could be reasonably expected
      to be materially adverse to the interests of the Certificateholders, without
      the
      consent of the Holders of Certificates entitled to at least 66% of the Voting
      Rights. Any variation without the consent of the Holders of Certificates
      entitled to at least 66% of the Voting Rights from the provisions set forth
      in
      Section 3.08 relating to insurance or priority requirements of Sub-Servicing
      Accounts, or credits and charges to the Sub- Servicing Accounts or the timing
      and amount of remittances by the Sub-Servicers to the Master Servicer, are
      conclusively deemed to be inconsistent with this Agreement and therefore
      prohibited. The Master Servicer shall deliver to the Trustee and the Trust
      Administrator copies of all Sub-Servicing Agreements, and any amendments or
      modifications thereof, promptly upon the Master Servicer’s execution and
      delivery of such instruments.

     

    (c)  As
      part
      of its servicing activities hereunder, the Master Servicer (except as otherwise
      provided in the last sentence of this paragraph), for the benefit of the Trustee
      and the Certificateholders, shall enforce the obligations of each Sub-Servicer
      under the related Sub-Servicing Agreement and of the Seller under the Mortgage
      Loan Purchase Agreement, including, without limitation, any obligation to make
      advances in respect of delinquent payments as required by a Sub- Servicing
      Agreement, or to purchase a Mortgage Loan on account of missing or defective
      documentation or on account of a breach of a representation, warranty or
      covenant, as described in Section 2.03(a). Such enforcement, including, without
      limitation, the legal prosecution of claims, termination of Sub-Servicing
      Agreements, and the pursuit of other appropriate remedies, shall be in such
      form
      and carried out to such an extent and at such time as the Master Servicer,
      in
      its good faith business judgment, would require were it the owner of the related
      Mortgage Loans. The Master Servicer shall pay the costs of such enforcement
      at
      its own expense, and shall be reimbursed therefor only (i) from a general
      recovery resulting from such enforcement, to the extent, if any, that such
      recovery exceeds all amounts due in respect of the related Mortgage Loans,
      or
      (ii) from a specific recovery of costs, expenses or attorneys’ fees against the
      party against whom such enforcement is directed.

     

    
      	
              SECTION
                3.03  

            	
              Successor
                Sub-Servicers.

            

    

     

    The
      Master Servicer shall be entitled to terminate any Sub-Servicing Agreement
      and
      the rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing
      Agreement in accordance with the terms and conditions of such Sub-Servicing
      Agreement. In the event of termination of any Sub-Servicer, all servicing
      obligations of such Sub-Servicer shall be assumed simultaneously by the Master
      Servicer without any act or deed on the part of such Sub-Servicer or the Master
      Servicer, and the Master Servicer either shall service directly the related
      Mortgage Loans or shall enter into a Sub-Servicing Agreement with a successor
      Sub-Servicer which qualifies under Section 3.02.

     

    Any
      Sub-Servicing Agreement (other than any Initial Sub-Servicing Agreement) shall
      include the provision that such agreement may be immediately terminated by
      the
      Trustee or the Trust Administrator without fee, in accordance with the terms
      of
      this Agreement, in the event that the Master Servicer shall, for any reason,
      no
      longer be the Master Servicer (including termination due to a Master Servicer
      Event of Default).

     

    
      	
              SECTION
                3.04  

            	
              Liability
                of the Master Servicer.

            

    

     

    Notwithstanding
      any Sub-Servicing Agreement, any of the provisions of this Agreement relating
      to
      agreements or arrangements between the Master Servicer and a Sub-Servicer or
      reference to actions taken through a Sub-Servicer or otherwise, the Master
      Servicer shall remain obligated and primarily liable to the Trustee and the
      Certificateholders for the servicing and administering of the Mortgage Loans
      in
      accordance with the provisions of Section 3.01 without diminution of such
      obligation or liability by virtue of such Sub-Servicing Agreements or
      arrangements or by virtue of indemnification from the Sub-Servicer and to the
      same extent and under the same terms and conditions as if the Master Servicer
      alone were servicing and administering the Mortgage Loans. The Master Servicer
      shall be entitled to enter into any agreement with a Sub- Servicer for
      indemnification of the Master Servicer by such Sub-Servicer and nothing
      contained in this Agreement shall be deemed to limit or modify such
      indemnification.

     

    
      	
              SECTION
                3.05  

            	
              No
                Contractual Relationship Between Sub-Servicers and Trustee, Trust
                Administrator or
                Certificateholders.

            

    

     

    Any
      Sub-Servicing Agreement that may be entered into and any transactions or
      services relating to the Mortgage Loans involving a Sub-Servicer in its capacity
      as such shall be deemed to be between the Sub-Servicer and the Master Servicer
      alone, and the Trustee, the Trust Administrator and the Certificateholders
      shall
      not be deemed parties thereto and shall have no claims, rights, obligations,
      duties or liabilities with respect to the Sub-Servicer except as set forth
      in
      Section 3.06. The Master Servicer shall be solely liable for all fees owed
      by it
      to any Sub-Servicer, irrespective of whether the Master Servicer’s compensation
      pursuant to this Agreement is sufficient to pay such fees.

     

    
      	
              SECTION
                3.06  

            	
              Assumption
                or Termination of Sub-Servicing Agreements by
                Trustee.

            

    

     

    In
      the
      event the Master Servicer shall for any reason no longer be the master servicer
      (including by reason of the occurrence of a Master Servicer Event of Default),
      the Trustee or its designee shall thereupon assume all of the rights and
      obligations of the Master Servicer under each Sub-Servicing Agreement that
      the
      Master Servicer may have entered into, unless the Trustee elects to terminate
      any Sub-Servicing Agreement in accordance with its terms as provided in Section
      3.03. Upon such assumption, the Trustee, its designee or the successor servicer
      for the Trustee appointed pursuant to Section 7.02 shall be deemed, subject
      to
      Section 3.03, to have assumed all of the Master Servicer’s interest therein and
      to have replaced the Master Servicer as a party to each Sub-Servicing Agreement
      to the same extent as if each Sub-Servicing Agreement had been assigned to
      the
      assuming party, except that (i) the Master Servicer shall not thereby be
      relieved of any liability or obligations under any Sub-Servicing Agreement
      and
      (ii) none of the Trustee, its designee or any successor Master Servicer shall
      be
      deemed to have assumed any liability or obligation of the Master Servicer that
      arose before it ceased to be the Master Servicer.

     

    The
      Master Servicer at its expense shall, upon request of the Trustee, deliver
      to
      the assuming party all documents and records relating to each Sub-Servicing
      Agreement and the Mortgage Loans then being serviced and an accounting of
      amounts collected and held by or on behalf of it, and otherwise use its best
      efforts to effect the orderly and efficient transfer of the Sub- Servicing
      Agreements to the assuming party.

     

    
      	
              SECTION
                3.07  

            	
              Collection
                of Certain Mortgage Loan Payments.

            

    

     

    The
      Master Servicer shall make reasonable efforts to collect all payments called
      for
      under the terms and provisions of the Mortgage Loans, and shall, to the extent
      such procedures shall be consistent with this Agreement and the terms and
      provisions of any related Primary Mortgage Insurance Policy and any other
      applicable insurance policies, follow such collection procedures as it would
      follow with respect to mortgage loans comparable to the Mortgage Loans and
      held
      for its own account. Consistent with the foregoing and the servicing standards
      set forth in Section 3.01, the Master Servicer may in its discretion (i) waive
      any late payment charge or, if applicable, penalty interest, only upon
      determining that the coverage of such Mortgage Loan by the related Primary
      Mortgage Insurance Policy, if any, will not be affected, or (ii) extend the
      due
      dates for Monthly Payments due on a Mortgage Note for a period of not greater
      than 180 days; provided that any extension pursuant to clause (ii) above shall
      not affect the amortization schedule of any Mortgage Loan for purposes of any
      computation hereunder, except as provided below. In the event of any such
      arrangement pursuant to clause (ii) above, the Master Servicer shall make timely
      advances on such Mortgage Loan during such extension pursuant to Section 4.03
      and in accordance with the amortization schedule of such Mortgage Loan without
      modification thereof by reason of such arrangements. Notwithstanding the
      foregoing, in the event that any Mortgage Loan is in default or, in the judgment
      of the Master Servicer, such default is reasonably foreseeable, the Master
      Servicer, consistent with the standards set forth in Section 3.01,
      may  waive, modify or vary any term of such Mortgage Loan (including
      modifications that change the Mortgage Rate, forgive the payment of principal
      or
      interest or extend the final maturity date of such Mortgage Loan), accept
      payment from the related Mortgagor of an amount less than the Stated Principal
      Balance in final satisfaction of such Mortgage Loan (such payment, a “Short
      Pay-off”) or consent to the postponement of strict compliance with any such term
      or otherwise grant indulgence to any Mortgagor, if in the Master Servicer’s
      determination such waiver, modification, postponement or indulgence is not
      materially adverse to the interests of the Certificateholders (taking into
      account any estimated Realized Loss that might result absent such
      action).

     

    
      	
              SECTION
                3.08  

            	
              Sub-Servicing
                Accounts.

            

    

     

    In
      those
      cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a
      Sub-Servicing Agreement, the Sub-Servicer will be required to establish and
      maintain one or more accounts (collectively, the “Sub-Servicing Account”). The
      Sub-Servicing Account shall be an Eligible Account and shall comply with all
      requirements of this Agreement relating to the Collection Account (provided,
      however, that in the case of each Initial Sub-Servicing Agreement, the
      applicable Sub-Servicing Account shall comply with all requirements of the
      Initial Sub-Servicing Agreement relating to the custodial account provided
      for
      therein). The Sub-Servicer shall deposit in the clearing account (which account
      must be an Eligible Account) in which it customarily deposits payments and
      collections on mortgage loans in connection with its mortgage loan servicing
      activities on a daily basis, and in no event more than two Business Days after
      the Sub-Servicer’s receipt thereof, all proceeds of Mortgage Loans received by
      the Sub-Servicer less its servicing compensation to the extent permitted by
      the
      Sub-Servicing Agreement, and shall thereafter deposit such amounts in the
      Sub-Servicing Account, in no event more than one Business Day after the deposit
      of such funds into the clearing account. The Sub-Servicer shall thereafter
      remit
      such proceeds to the Master Servicer for deposit in the Collection Account
      not
      later than two Business Days after the deposit of such amounts in the
      Sub-Servicing Account (or, in the case of the Initial Sub-Servicing Agreement,
      at such time as is required pursuant to the terms of the Initial Sub-Servicing
      Agreement). For purposes of this Agreement, the Master Servicer shall be deemed
      to have received payments on the Mortgage Loans when the Sub-Servicer receives
      such payments.

     

    
      	
              SECTION
                3.09  

            	
              Collection
                of Taxes, Assessments and Similar Items; Servicing
                Accounts.

            

    

     

    The
      Master Servicer shall establish and maintain (or cause a Sub-Servicer to
      establish and maintain) one or more accounts (the “Servicing Accounts”), into
      which all collections from the Mortgagors (or related advances from
      Sub-Servicers) for the payment of ground rents, taxes, assessments, fire and
      hazard insurance premiums, Primary Mortgage Insurance Premiums, water charges,
      sewer rents and comparable items for the account of the Mortgagors (“Escrow
      Payments”) shall be deposited and retained. Servicing Accounts shall be Eligible
      Accounts. The Master Servicer (or the applicable Sub-Servicer) shall deposit
      in
      the clearing account (which account must be an Eligible Account) in which it
      customarily deposits payments and collections on mortgage loans in connection
      with its mortgage loan servicing activities on a daily basis, and in no event
      more than two Business Days after the Master Servicer’s (or the applicable
      Sub-Servicer’s) receipt thereof, all Escrow Payments collected on account of the
      Mortgage Loans and shall thereafter deposit such Escrow Payments in the
      Servicing Accounts, in no event more than one Business Day after the deposit
      of
      such funds in the clearing account, for the purpose of effecting the payment
      of
      any such items as required under the terms of this Agreement. Withdrawals of
      amounts from a Servicing Account may be made only to (i) effect payment of
      Escrow Payments; (ii) reimburse the Master Servicer (or a Sub-Servicer to the
      extent provided in the related Sub-Servicing Agreement) out of related
      collections for any advances made pursuant to Section 3.01 (with respect to
      taxes and assessments) and Section 3.14 (with respect to hazard insurance);
      (iii) refund to Mortgagors any sums as may be determined to be overages; (iv)
      pay interest, if required and as described below, to Mortgagors on balances
      in
      the Servicing Account; (v) clear and terminate the Servicing Account at the
      termination of the Master Servicer’s obligations and responsibilities in respect
      of the Mortgage Loans under this Agreement in accordance with Article IX; or
      (vi) recover amounts deposited in error. As part of its servicing duties, the
      Master Servicer or Sub-Servicers shall pay to the Mortgagors interest on funds
      in Servicing Accounts, to the extent required by law and, to the extent that
      interest earned on funds in the Servicing Accounts is insufficient, to pay
      such
      interest from its or their own funds, without any reimbursement therefor. To
      the
      extent that a Mortgage does not provide for Escrow Payments, the Master Servicer
      shall determine whether any such payments are made by the Mortgagor in a manner
      and at a time that avoids the loss of the Mortgaged Property due to a tax sale
      or the foreclosure of a tax lien. The Master Servicer assumes full
      responsibility for the payment of all such bills and shall effect payments
      of
      all such bills irrespective of the Mortgagor’s faithful performance in the
      payment of same or the making of the Escrow Payments and shall make advances
      from its own funds to effect such payments.

     

    
      	
              SECTION
                3.10  

            	
              Collection
                Account and Distribution Account.

            

    

     

    (a)  On
      behalf
      of the Trust Fund, the Master Servicer shall establish and maintain one or
      more
      separate, segregated trust accounts (such account or accounts, the “Collection
      Account”), held in trust for the benefit of the Trustee and the
      Certificateholders. On behalf of the Trust Fund, the Master Servicer shall
      deposit or cause to be deposited in the clearing account (which account must
      be
      an Eligible Account) in which it customarily deposits payments and collections
      on mortgage loans in connection with its mortgage loan servicing activities
      on a
      daily basis, and in no event more than two Business Days after the Master
      Servicer’s receipt thereof, and shall thereafter deposit in the Collection
      Account, in no event more than one Business Day after the deposit of such funds
      into the clearing account, as and when received or as otherwise required
      hereunder, the following payments and collections received or made by it from
      and after the Cut-off Date (other than in respect of principal or interest
      on
      the related Mortgage Loans due on or before the Cut-off Date), or payments
      (other than Principal Prepayments) received by it on or prior to the Cut-off
      Date but allocable to a Due Period subsequent thereto:

     

    (i)  all
      payments on account of principal, including Principal Prepayments, on the
      Mortgage Loans;

     

    (ii)  all
      payments on account of interest (net of the related Servicing Fee) on each
      Mortgage Loan;

     

    (iii)  all
      Insurance Proceeds, Subsequent Recoveries and Liquidation Proceeds (other than
      proceeds collected in respect of any particular REO Property and amounts paid
      by
      the Master Servicer in connection with a purchase of Mortgage Loans and REO
      Properties pursuant to Section 9.01);

     

    (iv)  any
      amounts required to be deposited pursuant to Section 3.12 in connection with
      any
      losses realized on Permitted Investments with respect to funds held in the
      Collection Account;

     

    (v)  any
      amounts required to be deposited by the Master Servicer pursuant to the second
      paragraph of Section 3.14(a) in respect of any blanket policy
      deductibles;

     

    (vi)  all
      proceeds of any Mortgage Loan repurchased or purchased in accordance with
      Section 2.03 or Section 9.01;

     

    (vii)  all
      amounts required to be deposited in connection with shortfalls in principal
      amount of Qualified Substitute Mortgage Loans pursuant to Section
      2.03;

     

    (viii)  any
      amounts required to be transferred from any Buydown Account pursuant to Section
      3.29; and

     

    (ix)  [reserved].

     

    For
      purposes of the immediately preceding sentence, the Cut-off Date with respect
      to
      any Qualified Substitute Mortgage Loan shall be deemed to be the date of
      substitution.

     

    The
      foregoing requirements for deposit in the Collection Accounts shall be
      exclusive, it being understood and agreed that, without limiting the generality
      of the foregoing, payments in the nature of late payment charges or assumption
      fees need not be deposited by the Master Servicer in the Collection Account.
      In
      the event the Master Servicer shall deposit in the Collection Account any amount
      not required to be deposited therein, it may at any time withdraw such amount
      from the Collection Account, any provision herein to the contrary
      notwithstanding.

     

    (b)  On
      behalf
      of the Trust Fund, the Paying Agent on behalf of the Trust Administrator shall
      establish and maintain one or more separate, segregated trust accounts (such
      account or accounts, the “Distribution Account”), held in trust for the benefit
      of the Certificateholders. On behalf of the Trust Fund, the Master Servicer
      shall deliver to the Paying Agent in immediately available funds for deposit
      in
      the Distribution Account on or before 12:00 p.m. New York time (i) on the Master
      Servicer Remittance Date, that portion of the Available Distribution Amount
      for
      each Loan Group or Subgroup (calculated without regard to the subtraction
      therefrom of any amounts described in clause (ii)(a) of the definition thereof)
      for the related Distribution Date then on deposit in the Collection Account
      and
      (ii) on each Business Day as of the commencement of which the balance on deposit
      in the Collection Account exceeds $75,000 following any withdrawals pursuant
      to
      the next succeeding sentence, the amount of such excess, but only if the
      Collection Account constitutes an Eligible Account solely pursuant to clause
      (ii) of the definition of “Eligible Account.” If the balance on deposit in the
      Collection Account exceeds $75,000 as of the commencement of business on any
      Business Day and the Collection Account constitutes an Eligible Account solely
      pursuant to clause (ii) of the definition of “Eligible Account,” the Master
      Servicer shall, on or before 12:00 p.m. New York time on such Business Day,
      withdraw from the Collection Account any and all amounts payable or reimbursable
      to the Depositor, the Master Servicer, the Trustee, the Trust Administrator,
      the
      Seller or any Sub-Servicer pursuant to Section 3.11 and shall pay such amounts
      to the Persons entitled thereto.

     

    (c)  Funds
      in
      the Collection Account and the Distribution Account may be invested in Permitted
      Investments in accordance with the provisions set forth in Section 3.12. The
      Master Servicer shall give notice to the Trustee, the Trust Administrator,
      the
      Paying Agent and the Depositor of the location of the Collection Account
      maintained by it when established and prior to any change thereof. The Paying
      Agent shall give notice to the Master Servicer, the Trust Administrator, the
      Paying Agent and the Depositor of the location of the Distribution Account
      when
      established and prior to any change thereof.

     

    (d)  Funds
      held in the Collection Account at any time may be delivered by the Master
      Servicer to the Paying Agent on behalf of the Trust Administrator for deposit
      in
      an account (which may be the Distribution Account and must satisfy the standards
      for the Distribution Account as set forth in the definition thereof) and for
      all
      purposes of this Agreement shall be deemed to be a part of the Collection
      Account; provided, however, that the Paying Agent shall have the sole authority
      to withdraw any funds held pursuant to this subsection (d). In the event the
      Master Servicer shall deliver to the Paying Agent for deposit in the
      Distribution Account any amount not required to be deposited therein, it may
      at
      any time request that the Paying Agent withdraw such amount from the
      Distribution Account and remit to it any such amount, any provision herein
      to
      the contrary notwithstanding. In addition, the Master Servicer shall deliver
      to
      the Paying Agent from time to time for deposit, and upon written notification
      from the Master Servicer, the Paying Agent shall so deposit, in the Distribution
      Account:

     

    (i)  any
      P&I Advances, as required pursuant to Section 4.03;

     

    (ii)  any
      amounts required to be deposited pursuant to Section 3.23(d) or (f) in
      connection with any REO Property;

     

    (iii)  any
      amounts to be paid by the Master Servicer in connection with a purchase of
      Mortgage Loans and REO Properties pursuant to Section 9.01;

     

    (iv)  any
      amounts required to be deposited pursuant to Section 3.24 in connection with
      any
      Prepayment Interest Shortfalls; and

     

    (v)  any
      Stayed Funds, as soon as permitted by the federal bankruptcy court having
      jurisdiction in such matters.

     

    (e)  Promptly
      upon receipt of any Stayed Funds, whether from the Master Servicer, a trustee
      in
      bankruptcy, or federal bankruptcy court or other source, the Paying Agent shall
      deposit such funds in the Distribution Account, subject to withdrawal thereof
      as
      permitted hereunder.

     

    (f)  The
      Master Servicer shall deposit in the Collection Account any amounts required
      to
      be deposited pursuant to Section 3.12(b) in connection with losses realized
      on
      Permitted Investments with respect to funds held in the Collection
      Account.

     

    
      	
              SECTION
                3.11  

            	
              Withdrawals
                from the Collection Account and Distribution
                Account.

            

    

     

    (a)  The
      Master Servicer shall, from time to time, make withdrawals from the Collection
      Account for any of the following purposes or as described in Section
      4.03:

     

    (i)  to
      remit
      to the Paying Agent for deposit in the Distribution Account the amounts required
      to be so remitted pursuant to Section 3.10(b) or permitted to be so remitted
      pursuant to the first sentence of Section 3.10(d);

     

    (ii)  subject
      to Section 3.16(d), to reimburse the Master Servicer for P&I Advances, but
      only to the extent of amounts received which represent Late Collections (net
      of
      the related Servicing Fees) of Monthly Payments on Mortgage Loans with respect
      to which such P&I Advances were made in accordance with the provisions of
      Section 4.03;

     

    (iii)  subject
      to Section 3.16(d), to pay the Master Servicer or any Sub- Servicer (A) any
      unpaid Servicing Fees, (B) any unreimbursed Servicing Advances with respect
      to
      each Mortgage Loan, but only to the extent of any Liquidation Proceeds,
      Insurance Proceeds or other amounts as may be collected by the Master Servicer
      from a Mortgagor, or otherwise received with respect to such Mortgage Loan
      and
      (C) any nonrecoverable Servicing Advances following the final liquidation of
      a
      Mortgage Loan, but only to the extent that Late Collections,
      Liquidation  Proceeds and Insurance Proceeds received with respect to
      such Mortgage Loan are insufficient to reimburse the Master Servicer or any
      Sub-Servicer for such Servicing Advances;

     

    (iv)  to
      pay to
      the Master Servicer as servicing compensation (in addition to the Servicing
      Fee)
      on the Master Servicer Remittance Date any interest or investment income earned
      on funds deposited in the Collection Account;

     

    (v)  to
      pay to
      the Master Servicer, the Depositor or the Seller, as the case may be, with
      respect to each Mortgage Loan that has previously been purchased or replaced
      pursuant to Section 2.03 all amounts received thereon subsequent to the date
      of
      purchase or substitution, as the case may be;

     

    (vi)  to
      reimburse the Master Servicer for any P&I Advance previously made which the
      Master Servicer has determined to be a Nonrecoverable P&I Advance in
      accordance with the provisions of Section 4.03;

     

    (vii)  to
      reimburse the Master Servicer or the Depositor for expenses incurred by or
      reimbursable to the Master Servicer or the Depositor, as the case may be,
      pursuant to Section 6.03;

     

    (viii)  to
      reimburse the Master Servicer, the Trust Administrator or the Trustee, as the
      case may be, for expenses reasonably incurred in respect of the breach or defect
      giving rise to the purchase obligation under Section 2.03 or Section 2.04 of
      this Agreement that were included in the Purchase Price of the Mortgage Loan,
      including any  expenses arising out of the enforcement of the purchase
      obligation;

     

    (ix)  to
      pay,
      or to reimburse the Master Servicer for advances in respect of expenses incurred
      in connection with any Mortgage Loan pursuant to Section 3.16(b);

     

    (x)  [reserved];
      and

     

    (xi)  to
      clear
      and terminate the Collection Account pursuant to Section 9.01.

     

    The
      Master Servicer shall keep and maintain separate accounting, on a Mortgage
      Loan
      by Mortgage Loan basis, for the purpose of justifying any withdrawal from the
      Collection Account, to the extent held by or on behalf of it, pursuant to
      subclauses (ii), (iii), (iv), (v), (vi), (viii) and (ix) above. The Master
      Servicer shall provide written notification to the Trustee, the Trust
      Administrator and the Paying Agent, on or prior to the next succeeding Master
      Servicer Remittance Date, upon making any withdrawals from the Collection
      Account pursuant to subclause (vii) above.

     

    (b)  The
      Paying Agent shall, from time to time, make withdrawals from the Distribution
      Account, for any of the following purposes, without priority:

     

    (i)  to
      make
      distributions to Certificateholders in accordance with Section
      4.01;

     

    (ii)  to
      pay to
      itself any interest income earned on funds deposited in the Distribution Account
      pursuant to Section 3.12(c);

     

    (iii)  to
      reimburse the Trust Administrator or the Trustee pursuant to Section
      7.02;

     

    (iv)  to
      pay
      any amounts in respect of taxes pursuant to 10.01(g)(iii);

     

    (v)  to
      pay
      any Extraordinary Trust Fund Expenses;

     

    (vi)  to
      reimburse the Paying Agent or the Trustee for any P&I Advance made by it
      under Section 7.01 (if not reimbursed by the Master Servicer) to the same extent
      the Master Servicer would be entitled to reimbursement under Section 3.11(a);
      and

     

    (vii)  to
      clear
      and terminate the Distribution Account pursuant to Section 9.01.

     

    
      	
              SECTION
                3.12  

            	
              Investment
                of Funds in the Collection Account and the Distribution
                Account.

            

    

     

    (a)  The
      Master Servicer may direct any depository institution maintaining the Collection
      Account (for purposes of this Section 3.12, an “Investment Account”), and the
      Paying Agent may direct any depository institution maintaining the Distribution
      Account (for purposes of this Section 3.12, also an “Investment Account”), to
      hold the funds in such Investment Account uninvested or to invest the funds
      in
      such Investment Account in one or more Permitted Investments specified in such
      instruction bearing interest or sold at a discount, and maturing, unless payable
      on demand, (i) no later than the Business Day immediately preceding the date
      on
      which such funds are required to be withdrawn from such account pursuant to
      this
      Agreement, if a Person other than the Paying Agent is the obligor thereon,
      and
      (ii) no later than the date on which such funds are required to be withdrawn
      from such account pursuant to this Agreement, if the Paying Agent is the obligor
      thereon. All such Permitted Investments shall be held to maturity, unless
      payable on demand. Any investment of funds in an Investment Account shall be
      made in the name of the Trust Administrator (in its capacity as such) or in
      the
      name of a nominee of the Trust Administrator. The Trust Administrator shall
      be
      entitled to sole possession (except with respect to investment direction of
      funds held in the Collection Account and the Distribution Account and any income
      and gain realized thereon) over each such investment, and any certificate or
      other instrument evidencing any such investment shall be delivered directly
      to
      the Trust Administrator or its agent, together with any document of transfer
      necessary to transfer title to such investment to the Trust Administrator or
      its
      nominee. In the event amounts on deposit in an Investment Account are at any
      time invested in a Permitted Investment payable on demand, the Trust
      Administrator shall:

     

    
      	
               

            	
              (x)

            	
              consistent
                with any notice required to be given thereunder, demand that payment
                thereon be made on the last day such Permitted Investment may otherwise
                mature hereunder in an amount equal to the lesser of (1) all amounts
                then
                payable thereunder and (2) the amount required to be withdrawn on
                such
                date; and

            

    

     

    
      	
               

            	
              (y)

            	
              demand
                payment of all amounts due thereunder promptly upon determination
                by a
                Responsible Officer of the Trust Administrator that such Permitted
                Investment would not constitute a Permitted Investment in respect
                of funds
                thereafter on deposit in the Investment
                Account.

            

    

     

    (b)  All
      income and gain realized from the investment of funds deposited in the
      Collection Account held by or on behalf of the Master Servicer, shall be for
      the
      benefit of the Master Servicer and shall be subject to its withdrawal in
      accordance with Section 3.11. The Master Servicer shall deposit in the
      Collection Account the amount of any loss of principal incurred in respect
      of
      any such Permitted Investment made with funds in such accounts immediately
      upon
      realization of such loss.

     

    (c)  All
      income and gain realized from the investment of funds deposited in the
      Distribution Account held by or on behalf of the Paying Agent, shall be for
      the
      benefit of the Paying Agent and shall be subject to its withdrawal at any time.
      The Paying Agent shall deposit in the Distribution Account the amount of any
      loss of principal incurred in respect of any such Permitted Investment made
      with
      funds in such accounts immediately upon realization of such loss.

     

    (d)  Except
      as
      otherwise expressly provided in this Agreement, if any default occurs in the
      making of a payment due under any Permitted Investment, or if a default occurs
      in any other performance required under any Permitted Investment, the Trustee
      may and, subject to Section 8.01 and Section 8.02(a)(v), upon the request of
      the
      Holders of Certificates representing more than 50% of the Voting Rights
      allocated to any Class of Certificates, shall take such action as may be
      appropriate to enforce such payment or performance, including the institution
      and prosecution of appropriate proceedings.

     

    
      	
              SECTION
                3.13  

            	
              Maintenance
                of the Primary Mortgage Insurance Policies; Collections
                Thereunder.

            

    

     

    The
      Master Servicer will maintain or cause the related Sub-Servicer, if any, to
      maintain in full force and effect, if required under the Mortgage Loan Purchase
      Agreement and to the extent available, a Primary Mortgage Insurance Policy
      with
      respect to each Mortgage Loan so insured as of the Closing Date (or, in the
      case
      of a Qualified Substitute Mortgage Loan, on the date of substitution). Such
      coverage will be maintained with respect to each such Mortgage Loan for so
      long
      as it is outstanding, subject to any applicable laws or until the related
      Loan-to-Value Ratio is reduced to less than or equal to 80% based on Mortgagor
      payments. The Master Servicer shall cause the premium for each Primary Mortgage
      Insurance Policy to be paid on a timely basis and shall pay such premium out
      of
      its own funds if it is not otherwise paid. The Master Servicer or the related
      Sub-Servicer, if any, will not cancel or refuse to renew any such Primary
      Mortgage Insurance Policy in effect on the Closing Date (or, in the case of
      a
      Qualified Substitute Mortgage Loan, on the date of substitution) that is
      required to be kept in force under this Agreement unless a replacement Primary
      Mortgage Insurance Policy for such canceled or non-renewed policy is obtained
      from and maintained with a Qualified Insurer.

     

    The
      Master Servicer shall not take, or permit any Sub-Servicer to take, any action
      which would result in non-coverage under any applicable Primary Mortgage
      Insurance Policy of any loss which, but for the actions of the Master Servicer
      or Sub-Servicer, would have been covered thereunder. The Master Servicer will
      comply in the performance of this Agreement with all reasonable rules and
      requirements of each insurer under each Primary Mortgage Insurance Policy.
      In
      connection with any assumption and modification agreement or substitution of
      liability agreement entered into or to be entered into pursuant to Section
      3.15,
      the Master Servicer shall promptly notify the insurer under the related Primary
      Mortgage Insurance Policy, if any, of such assumption in accordance with the
      terms of such policies and shall take all actions which may be required by
      such
      insurer as a condition to the continuation of coverage under the Primary
      Mortgage Insurance Policy. If any such Primary Mortgage Insurance Policy is
      terminated as a result of such assumption, the Master Servicer or the related
      Sub-Servicer shall obtain a replacement Primary Mortgage Insurance Policy as
      provided above.

     

    In
      connection with its activities as administrator and servicer of the Mortgage
      Loans, the Master Servicer agrees to prepare and present, on behalf of itself,
      the Trustee and the Certificateholders, claims to the insurer under any Primary
      Mortgage Insurance Policy in a timely fashion in accordance with the terms
      of
      such policies and, in this regard, to take such action as shall be necessary
      to
      permit recovery under any Primary Mortgage Insurance Policy respecting a
      defaulted Mortgage Loan. Any amounts collected by the Master Servicer under
      any
      Primary Mortgage Insurance Policy shall be deposited in the Collection Account,
      subject to withdrawal pursuant to Section 3.11; and any amounts collected by
      the
      Master Servicer under any Primary Mortgage Insurance Policy in respect of any
      REO Property shall be deposited in the Collection Account, subject to withdrawal
      pursuant to Section 3.23. In those cases in which a Mortgage Loan is serviced
      by
      a Sub-Servicer, the Sub-Servicer, on behalf of itself, the Trustee, and the
      Certificateholders, will present claims to the insurer under any Primary
      Mortgage Insurance Policy and all collections thereunder shall be deposited
      initially in the Sub-Servicing Account.

     

    
      	
              SECTION
                3.14  

            	
              Maintenance
                of Hazard Insurance and Errors and Omissions and Fidelity
                Coverage.

            

    

     

    (a)  The
      Master Servicer shall cause to be maintained for each Mortgage Loan fire
      insurance with extended coverage on the related Mortgaged Property in an amount
      which is at least equal to the least of (i) the current principal balance of
      such Mortgage Loan, (ii) the amount necessary to fully compensate for any damage
      or loss to the improvements that are a part of such property on a replacement
      cost basis and (iii) the maximum insurable value of the improvements which
      are a
      part of such Mortgaged Property, in each case in an amount not less than such
      amount as is necessary to avoid the application of any coinsurance clause
      contained in the related hazard insurance policy. The Master Servicer shall
      also
      cause to be maintained fire insurance with extended coverage on each REO
      Property in an amount which is at least equal to the lesser of (i) the maximum
      insurable value of the improvements which are a part of such property and (ii)
      the outstanding principal balance of the related Mortgage Loan at the time
      it
      became an REO Property, plus accrued interest at the Mortgage Rate and related
      Servicing Advances. The Master Servicer will comply in the performance of this
      Agreement with all reasonable rules and requirements of each insurer under
      any
      such hazard policies. Any amounts to be collected by the Master Servicer under
      any such policies (other than amounts to be applied to the restoration or repair
      of the property subject to the related Mortgage or amounts to be released to
      the
      Mortgagor in accordance with the procedures that the Master Servicer would
      follow in servicing loans held for its own account, subject to the terms and
      conditions of the related Mortgage and Mortgage Note) shall be deposited in
      the
      Collection Account, subject to withdrawal pursuant to Section 3.11, if received
      in respect of a Mortgage Loan, or in the REO Account, subject to withdrawal
      pursuant to Section 3.23, if received in respect of an REO Property. Any cost
      incurred by the Master Servicer in maintaining any such insurance shall not,
      for
      the purpose of calculating distributions to Certificateholders, be added to
      the
      unpaid principal balance of the related Mortgage Loan, notwithstanding that
      the
      terms of such Mortgage Loan so permit. It is understood and agreed that no
      earthquake or other additional insurance is to be required of any Mortgagor
      other than pursuant to such applicable laws and regulations as shall at any
      time
      be in force and as shall require such additional insurance. If the Mortgaged
      Property or REO Property is at any time in an area identified in the Federal
      Register by the Federal Emergency Management Agency as having special flood
      hazards, the Master Servicer will cause to be maintained a flood insurance
      policy in respect thereof. Such flood insurance shall be in an amount equal
      to
      the lesser of (i) the unpaid principal balance of the related Mortgage Loan
      and
      (ii) the maximum amount of such insurance available for the related Mortgaged
      Property under the national flood insurance program (assuming that the area
      in
      which such Mortgaged Property is located is participating in such
      program).

     

    In
      the
      event that the Master Servicer shall obtain and maintain a blanket policy with
      an insurer having a General Policy Rating of A:X or better in Best’s Key Rating
      Guide (or such other rating that is comparable to such rating) insuring against
      hazard losses on all of the Mortgage Loans, it shall conclusively be deemed
      to
      have satisfied its obligations as set forth in the first two sentences of this
      Section 3.14, it being understood and agreed that such policy may contain a
      deductible clause, in which case the Master Servicer shall, in the event that
      there shall not have been maintained on the related Mortgaged Property or REO
      Property a policy complying with the first two sentences of this Section 3.14,
      and there shall have been one or more losses which would have been covered
      by
      such policy, deposit to the Collection Account from its own funds the amount
      not
      otherwise payable under the blanket policy because of such deductible clause.
      In
      connection with its activities as administrator and servicer of the Mortgage
      Loans, the Master Servicer agrees to prepare and present, on behalf of itself,
      the Trustee and the Certificateholders, claims under any such blanket policy
      in
      a timely fashion in accordance with the terms of such policy.

     

    (b)  The
      Master Servicer shall keep in force during the term of this Agreement a policy
      or policies of insurance covering errors and omissions for failure in the
      performance of the Master Servicer’s obligations under this Agreement, which
      policy or policies shall be in such form and amount that would meet the
      requirements of Fannie Mae or Freddie Mac if it were the purchaser of the
      Mortgage Loans, unless the Master Servicer has obtained a waiver of such
      requirements from Fannie Mae or Freddie Mac. The Master Servicer shall also
      maintain a fidelity bond in the form and amount that would meet the requirements
      of Fannie Mae or Freddie Mac, unless the Master Servicer has obtained a waiver
      of such requirements from Fannie Mae or Freddie Mac. The Master Servicer shall
      provide the Trustee and the Paying Agent (upon the Trustee’s or Paying Agent’s
      reasonable request) with copies of any such insurance policies and fidelity
      bond. The Master Servicer shall be deemed to have complied with this provision
      if an Affiliate of the Master Servicer has such errors and omissions and
      fidelity bond coverage and, by the terms of such insurance policy or fidelity
      bond, the coverage afforded thereunder extends to the Master Servicer. Any
      such
      errors and omissions policy and fidelity bond shall by its terms not be
      cancelable without thirty days’ prior written notice to the Trustee. The Master
      Servicer shall also cause each Sub-Servicer to maintain a policy of insurance
      covering errors and omissions and a fidelity bond which would meet such
      requirements.

     

    
      	
              SECTION
                3.15  

            	
              Enforcement
                of Due-On-Sale Clauses; Assumption
                Agreements.

            

    

     

    The
      Master Servicer will, to the extent it has knowledge of any conveyance or
      prospective conveyance of any Mortgaged Property by any Mortgagor (whether
      by
      absolute conveyance or by contract of sale, and whether or not the Mortgagor
      remains or is to remain liable under the Mortgage Note and/or the Mortgage),
      exercise its rights to accelerate the maturity of such Mortgage Loan under
      the
“due-on-sale” clause, if any, applicable thereto; provided, however, that the
      Master Servicer shall not exercise any such rights if prohibited by law from
      doing so or if the exercise of such rights would impair or threaten to impair
      any recovery under the related Primary Mortgage Insurance Policy, if any. If
      the
      Master Servicer reasonably believes it is unable under applicable law to enforce
      such “due-on-sale” clause, or if any of the other conditions set forth in the
      proviso to the preceding sentence apply, the Master Servicer will enter into
      an
      assumption and modification agreement from or with the person to whom such
      property has been conveyed or is proposed to be conveyed, pursuant to which
      such
      person becomes liable under the Mortgage Note and, to the extent permitted
      by
      applicable state law, the Mortgagor remains liable thereon. The Master Servicer
      is also authorized to enter into a substitution of liability agreement with
      such
      person, pursuant to which the original Mortgagor is released from liability
      and
      such person is substituted as the Mortgagor and becomes liable under the
      Mortgage Note, provided that no such substitution shall be effective unless
      such
      person satisfies the underwriting criteria of the Master Servicer. In connection
      with any assumption or substitution, the Master Servicer shall apply such
      underwriting standards and follow such practices and procedures as shall be
      normal and usual in its general mortgage servicing activities and as it applies
      to other mortgage loans owned solely by it. The Master Servicer shall not take
      or enter into any assumption and modification agreement, however, unless (to
      the
      extent practicable in the circumstances) it shall have received confirmation,
      in
      writing, of the continued effectiveness of any applicable Primary Mortgage
      Insurance Policy or hazard insurance policy, or a new policy meeting the
      requirements of this Section is obtained. Any fee collected by the Master
      Servicer in respect of an assumption or substitution of liability agreement
      will
      be retained by the Master Servicer as additional servicing compensation. In
      connection with any such assumption, no material term of the Mortgage Note
      (including but not limited to the related Mortgage Rate and the amount of the
      Monthly Payment) may be amended or modified, except as otherwise required
      pursuant to the terms thereof. The Master Servicer shall notify the Trustee
      that
      any such substitution or assumption agreement has been completed by forwarding
      to the Custodian (with a copy to the Trustee) the executed original of such
      substitution or assumption agreement, which document shall be added to the
      related Mortgage File and shall, for all purposes, be considered a part of
      such
      Mortgage File to the same extent as all other documents and instruments
      constituting a part thereof.

     

    Notwithstanding
      the foregoing paragraph or any other provision of this Agreement, the Master
      Servicer shall not be deemed to be in default, breach or any other violation
      of
      its obligations hereunder by reason of any assumption of a Mortgage Loan by
      operation of law or by the terms of the Mortgage Note or any assumption which
      the Master Servicer may be restricted by law from preventing, for any reason
      whatever. For purposes of this Section 3.15, the term “assumption” is deemed to
      also include a sale (of the Mortgaged Property) subject to the Mortgage that
      is
      not accompanied by an assumption or substitution of liability
      agreement.

     

    
      	
              SECTION
                3.16  

            	
              Realization
                Upon Defaulted Mortgage Loans.

            

    

     

    (a)  The
      Master Servicer shall, consistent with the servicing standard set forth in
      Section 3.01, foreclose upon or otherwise comparably convert the ownership
      of
      properties securing such of the Mortgage Loans as come into and continue in
      default and as to which no satisfactory arrangements can be made for collection
      of delinquent payments pursuant to Section 3.07. The Master Servicer shall
      be
      responsible for all costs and expenses incurred by it in any such proceedings;
      provided, however, that such costs and expenses will be recoverable as Servicing
      Advances by the Master Servicer as contemplated in Section 3.11 and Section
      3.23. The foregoing is subject to the provision that, in any case in which
      Mortgaged Property shall have suffered damage from an Uninsured Cause, the
      Master Servicer shall not be required to expend its own funds toward the
      restoration of such property unless it shall determine in its discretion that
      such restoration will increase the proceeds of liquidation of the related
      Mortgage Loan after reimbursement to itself for such expenses.

     

    (b)  Notwithstanding
      the foregoing provisions of this Section 3.16 or any other provision of this
      Agreement, with respect to any Mortgage Loan as to which the Master Servicer
      has
      received actual notice of, or has actual knowledge of, the presence of any
      toxic
      or hazardous substance on the related Mortgaged Property, the Master Servicer
      shall not, on behalf of the Trustee, either (i) obtain title to such Mortgaged
      Property as a result of or in lieu of foreclosure or otherwise, or (ii)
      otherwise acquire possession of, or take any other action with respect to,
      such
      Mortgaged Property, if, as a result of any such action, the Trustee, the Trust
      Fund, the Trust Administrator, the Master Servicer or the Certificateholders
      would be considered to hold title to, to be a “mortgagee-in- possession” of, or
      to be an “owner” or “operator” of such Mortgaged Property within the meaning of
      the Comprehensive Environmental Response, Compensation and Liability Act of
      1980, as amended from time to time, or any comparable law, unless the Master
      Servicer has also previously determined, based on its reasonable judgment and
      a
      report prepared by a Person who regularly conducts environmental audits using
      customary industry standards, that:

     

    (1)  such
      Mortgaged Property is in compliance with applicable environmental laws or,
      if
      not, that it would be in the best economic interest of the Trust Fund to take
      such actions as are necessary to bring the Mortgaged Property into compliance
      therewith; and

     

    (2)  there
      are
      no circumstances present at such Mortgaged Property relating to the use,
      management or disposal of any hazardous substances, hazardous materials,
      hazardous wastes, or petroleum-based materials for which investigation, testing,
      monitoring, containment, clean-up or remediation could be required under any
      federal, state or local law or regulation, or that if any such materials are
      present for which such action could be required, that it would be in the best
      economic interest of the Trust Fund to take such actions with respect to the
      affected Mortgaged Property.

     

    The
      cost
      of the environmental audit report contemplated by this Section 3.23 shall be
      advanced by the Master Servicer, subject to the Master Servicer’s right to be
      reimbursed therefor from the Collection Account as provided in Section
      3.11(a)(ix), such right of reimbursement being prior to the rights of
      Certificateholders to receive any amount in the Collection Account received
      in
      respect of the affected Mortgage Loan or other Mortgage Loans.

     

    If
      the
      Master Servicer determines, as described above, that it is in the best economic
      interest of the Trust Fund to take such actions as are necessary to bring any
      such Mortgaged Property into compliance with applicable environmental laws,
      or
      to take such action with respect to the containment, clean-up or remediation
      of
      hazardous substances, hazardous materials, hazardous wastes or petroleum-based
      materials affecting any such Mortgaged Property, then the Master Servicer shall
      take such action as it deems to be in the best economic interest of the Trust
      Fund. The cost of any such compliance, containment, cleanup or remediation
      shall
      be advanced by the Master Servicer, subject to the Master Servicer’s right to be
      reimbursed therefor from the Collection Account as provided in Section
      3.11(a)(ix), such right of reimbursement being prior to the rights of
      Certificateholders to receive any amount in the Collection Account received
      in
      respect of the affected Mortgage Loan or other Mortgage Loans.

     

    (c)  The
      Master Servicer shall have the right to purchase from the Trust Fund any
      defaulted Mortgage Loan that is 90 days or more delinquent, which the Master
      Servicer determines in good faith will otherwise become subject to foreclosure
      proceedings (evidence of such determination to be delivered in writing to the
      Trustee and the Trust Administrator, in form and substance satisfactory to
      the
      Trustee and the Trust Administrator prior to purchase), at a price equal to
      the
      Purchase Price. The Purchase Price for any Mortgage Loan purchased hereunder
      shall be deposited in the Collection Account, and the Trustee (or a Custodian
      on
      behalf of the Trustee), upon receipt of written certification from the Master
      Servicer of such deposit, shall release or cause to be released to the Master
      Servicer the related Mortgage File and the Trustee (or a Custodian on behalf
      of
      the Trustee), upon receipt of written certification from the Master Servicer
      of
      such deposit, shall execute and deliver such instruments of transfer or
      assignment, in each case without recourse, as the Master Servicer shall furnish
      and as shall be necessary to vest in the Master Servicer title to any Mortgage
      Loan released pursuant hereto.

     

    (d)  Proceeds
      received in connection with any Final Recovery Determination, as well as any
      recovery resulting from a partial collection of Insurance Proceeds or
      Liquidation Proceeds, in respect of any Mortgage Loan, will be applied in the
      following order of priority: first, to reimburse the Master Servicer or any
      Sub-Servicer for any related unreimbursed Servicing Advances and P&I
      Advances, pursuant to Section 3.11(a)(ii) or (a)(iii)(B); second, to accrued
      and
      unpaid interest on the Mortgage Loan, to the date of the Final Recovery
      Determination, or to the Due Date prior to the Distribution Date on which such
      amounts are to be distributed if not in connection with a Final Recovery
      Determination; and third, as a recovery of principal of the Mortgage Loan.
      If
      the amount of the recovery so allocated to interest is less than the full amount
      of accrued and unpaid interest due on such Mortgage Loan, the amount of such
      recovery will be allocated by the Master Servicer as follows: first, to unpaid
      Servicing Fees; and second, to the balance of the interest then due and owing.
      The portion of the recovery so allocated to unpaid Servicing Fees shall be
      reimbursed to the Master Servicer or any Sub-Servicer pursuant to Section
      3.11(a)(iii)(A).

     

    
      	
              SECTION
                3.17  

            	
              Trustee
                to Cooperate; Release of Mortgage
                Files.

            

    

     

    (a)  Upon
      the
      payment in full of any Mortgage Loan, or the receipt by the Master Servicer
      of a
      notification that payment in full shall be escrowed in a manner customary for
      such purposes, the Master Servicer will immediately notify the Custodian, on
      behalf of the Trustee, by a certification in the form of Exhibit E (which
      certification shall include a statement to the effect that all amounts received
      or to be received in connection with such payment which are required to be
      deposited in the Collection Account pursuant to Section 3.10 have been or will
      be so deposited) of a Servicing Officer and shall request that the Custodian,
      on
      behalf of the Trustee, deliver to it the Mortgage File. Upon receipt of such
      certification and request, the Custodian, on behalf of the Trustee, shall
      promptly release the related Mortgage File to the Master Servicer, and the
      Master Servicer is authorized to cause the removal from the registration on
      the
      MERS® System of any such Mortgage, if applicable, and to execute and deliver, on
      behalf of the Trustee and the Certificateholders or any of them, any and all
      instruments of satisfaction or cancellation or of partial or full release.
      No
      expenses incurred in connection with any instrument of satisfaction or deed
      of
      reconveyance shall be chargeable to the Collection Account or the Distribution
      Account.

     

    The
      Trustee (or a Custodian on its behalf) shall, at the written request and expense
      of any Certificateholder, provide a written report to such Certificateholder
      of
      all Mortgage Files released to the Master Servicer for servicing
      purposes.

     

    (b)  From
      time
      to time and as appropriate for the servicing or foreclosure of any Mortgage
      Loan, including, for this purpose, collection under any Primary Mortgage
      Insurance Policy or any other insurance policy relating to the Mortgage Loans,
      the Custodian, on behalf of the Trustee, shall, upon request of the Master
      Servicer and delivery to the Custodian and the Trustee of a Request for Release
      in the form of Exhibit E-l, release the related Mortgage File to the Master
      Servicer, and the Custodian, on behalf of the Trustee, shall, at the direction
      of the Master Servicer, execute such documents as shall be necessary to the
      prosecution of any such proceedings. Such Request for Release shall obligate
      the
      Master Servicer to return each and every document previously requested from
      the
      Mortgage File to the Custodian when the need therefor by the Master Servicer
      no
      longer exists, unless the Mortgage Loan has been liquidated and the Liquidation
      Proceeds relating to the Mortgage Loan have been deposited in the Collection
      Account or the Mortgage File or such document has been delivered to an attorney,
      or to a public trustee or other public official as required by law, for purposes
      of initiating or pursuing legal action or other proceedings for the foreclosure
      of the Mortgaged Property either judicially or non-judicially, and the Master
      Servicer has delivered to the Custodian, on behalf of the Trustee, a certificate
      of a Servicing Officer certifying as to the name and address of the Person
      to
      which such Mortgage File or such document was delivered and the purpose or
      purposes of such delivery. Upon receipt of a certificate of a Servicing Officer
      stating that such Mortgage Loan was liquidated and that all amounts received
      or
      to be received in connection with such liquidation that are required to be
      deposited into the Collection Account have been so deposited, or that such
      Mortgage Loan has become an REO Property, a copy of the Request for Release
      shall be released by the Custodian, on behalf of the Trustee, to the Master
      Servicer.

     

    (c)  Upon
      written certification of a Servicing Officer, the Trustee shall execute and
      deliver to the Master Servicer any court pleadings, requests for trustee’s sale
      or other documents reasonably necessary to the foreclosure or trustee’s sale in
      respect of a Mortgaged Property or to any legal action brought to obtain
      judgment against any Mortgagor on the Mortgage Note or Mortgage or to obtain
      a
      deficiency judgment, or to enforce any other remedies or rights provided by
      the
      Mortgage Note or Mortgage or otherwise available at law or in equity. Each
      such
      certification shall include a request that such pleadings or documents be
      executed by the Trustee and a statement as to the reason such documents or
      pleadings are required and that the execution and delivery thereof by the
      Trustee will not invalidate or otherwise affect the lien of the Mortgage, except
      for the termination of such a lien upon completion of the foreclosure or
      trustee’s sale.

     

    
      	
              SECTION
                3.18  

            	
              Servicing
                Compensation.

            

    

     

    As
      compensation for the activities of the Master Servicer hereunder, the Master
      Servicer shall be entitled to the Servicing Fee and Buydown Funds with respect
      to each Mortgage Loan payable solely from payments of interest in respect of
      such Mortgage Loan, subject to Section 3.24. In addition, the Master Servicer
      shall be entitled to recover unpaid Servicing Fees out of Insurance Proceeds
      or
      Liquidation Proceeds to the extent permitted by Section 3.11(a)(iii)(A) and
      out
      of amounts derived from the operation and sale of an REO Property to the extent
      permitted by Section 3.23. The right to receive the Servicing Fee may not be
      transferred in whole or in part except in connection with the transfer of all
      of
      the Master Servicer’s responsibilities and obligations under this
      Agreement.

     

    Additional
      servicing compensation in the form of assumption fees, late payment charges
      and
      other similar fees and charges shall be retained by the Master Servicer (subject
      to Section 3.24) only to the extent such fees or charges are received by the
      Master Servicer. The Master Servicer shall also be entitled pursuant to Section
      3.11(a)(iv) to withdraw from the Collection Account, and pursuant to Section
      3.23(b) to withdraw from any REO Account, as additional servicing compensation,
      interest or other income earned on deposits therein, subject to Section 3.12
      and
      Section 3.24. The Master Servicer shall be required to pay all expenses incurred
      by it in connection with its servicing activities hereunder (including premiums
      due under any Primary Insurance Policies, if applicable, premiums for the
      insurance required by Section 3.14, to the extent such premiums are not paid
      by
      the related Mortgagors or by a Sub-Servicer, servicing compensation of each
      Sub-Servicer, and to the extent provided herein in Section 8.05, the fees and
      expenses of the Trustee and the Trust Administrator) and shall not be entitled
      to reimbursement therefor except as specifically provided herein.

     

    
      	
              SECTION
                3.19  

            	
              Reports
                to the Trust Administrator; Collection Account
                Statements.

            

    

     

    Not
      later
      than fifteen days after each Distribution Date, the Master Servicer shall
      forward to the Trust Administrator and the Trustee, upon the request of the
      Trust Administrator or the Trustee, a statement prepared by the Master Servicer
      setting forth the status of the Collection Account as of the close of business
      on the last day of the calendar month relating to such Distribution Date and
      showing, for the period covered by such statement, the aggregate amount of
      deposits into and withdrawals from the Collection Account of each category
      of
      deposit specified in Section 3.10(a) and each category of withdrawal specified
      in Section 3.11. Such statement may be in the form of the then current Fannie
      Mae Monthly Accounting Report for its Guaranteed Mortgage Pass-Through Program
      with appropriate additions and changes, and shall also include information
      as to
      the aggregate of the outstanding principal balances of all of the Mortgage
      Loans
      as of the last day of the calendar month immediately preceding such Distribution
      Date. Copies of such statement shall be provided by the Trust Administrator
      to
      the Certificates Registrar, and the Certificate Registrar shall provide the
      same
      to any Certificateholder and to any Person identified to the Certificate
      Registrar as a prospective transferee of a Certificate, upon the request and
      at
      the expense of the requesting party, provided such statement is delivered by
      the
      Master Servicer to the Trust Administrator and by the Trust Administrator to
      the
      Certificate Registrar.

     

    
      	
              SECTION
                3.20  

            	
              Statement
                as to Compliance.

            

    

     

    The
      Master Servicer shall deliver to the Depositor and the Trust Administrator,
      on
      or before March 15th of each
      calendar
      year beginning in 2008, an Officers’ Certificate (an “Annual Statement of
      Compliance”) stating, as to each signatory thereof, that (i) a review of the
      activities of the  Master Servicer during the preceding calendar year
      and of performance under this Agreement has been made under such officers’
supervision and (ii) to the best of such officers’ knowledge, based on such
      review, the Master Servicer has fulfilled all of its obligations under this
      Agreement in all material respects throughout such year, or, if there has been
      a
      failure to fulfill any such obligation in any material respect, specifying
      each
      such failure known to such officer and the nature and status of cure provisions
      thereof.  The Master Servicer shall deliver, or cause any Sub-Servicer
      to deliver, a similar Annual Statement of Compliance by any Sub-Servicer to
      which any servicing responsibilities have been delegated with respect to the
      Mortgage Loans, to the Depositor and the Trust Administrator as described above
      as and when required with respect to the Master Servicer.

     

    If
      the
      Master Servicer cannot deliver the related Annual Statement of Compliance by
      March 15th of
      such year, the Trustee, at the direction of the Depositor, may permit a cure
      period for the Master Servicer to deliver such Annual Statement of Compliance,
      but in no event later than March 18th of such
      year.

     

    Failure
      of the Master Servicer to comply with this Section 3.20 shall be deemed a Master
      Servicer Event of Default and the Trustee at the direction of the Depositor
      shall, in addition to whatever rights the Trustee may have under this Agreement
      and at law or equity or to damages, including injunctive relief and specific
      performance, upon notice immediately terminate all of the rights and obligations
      of the Master Servicer under this Agreement and in and to the Mortgage Loans
      and
      the proceeds thereof without compensating the Master Servicer for the
      same.  This paragraph shall supersede any other provision in this
      Agreement or any other agreement to the contrary.

     

    The
      Master Servicer shall indemnify and hold harmless the Depositor and its
      officers, directors and Affiliates from and against any actual losses, damages,
      penalties, fines, forfeitures, reasonable and necessary legal fees and related
      costs, judgments and other costs and expenses that such Person may sustain
      based
      upon a breach of the Master Servicer’s obligations under this Section
      3.20.

     

    
      	
              SECTION
                3.21  

            	
              Assessments
                of Compliance and Attestation
                Reports.

            

    

     

    (a)  The
      Master Servicer shall service and administer the Mortgage Loans in accordance
      with all applicable requirements of the Servicing Criteria (as set forth in
      Exhibit C hereto).  The Master Servicer shall deliver to the Depositor
      and the Trust Administrator or cause to be delivered to the Depositor and the
      Trust Administrator, on or before March 1st of each
      calendar
      year beginning in 2008, the following:

     

    (i)  a
      report
      (an “Assessment of Compliance”) regarding the Master Servicer’s assessment of
      compliance with the Servicing Criteria during the immediately preceding calendar
      year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item
      1122 of Regulation AB.  Such report shall be signed by an authorized
      officer of the Master Servicer, and shall address each of the Servicing Criteria
      set forth in Exhibit C hereto;

     

    (ii)  a
      report
      (an “Attestation Report”) of a registered public accounting firm reasonably
      acceptable to the Depositor that attests to, and reports on, the assessment
      of
      compliance made by the Master Servicer and delivered pursuant to the preceding
      paragraph.  Such attestation shall be in accordance with Rules
      1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the
      Exchange Act;

     

    (iii)  from
      each
      Sub-Servicer, and each subcontractor determined by the Master Servicer to be
      “participating in the servicing function” within the meaning of Item 1122 of
      Regulation AB, an Assessment of Compliance and Attestation Report as and when
      provided in paragraphs (i) and (ii) of this Section 3.21(a); and

     

    (iv)  a
      statement as to which of the Servicing Criteria, if any, are not applicable
      to
      the Master Servicer, which statement shall be based on the activities it
      performs with respect to asset-backed securities transactions taken as a whole
      involving the Master Servicer, that are backed by the same asset type as the
      Mortgage Loans.

     

    (b)  As
      provided in 3.21(a)(iii) above, the Master Servicer shall, or shall cause any
      Sub-Servicer and each subcontractor determined by the Master Servicer to be
      “participating in the servicing function” within the meaning of Item 1122 of
      Regulation AB to, deliver to the Trust Administrator and the Depositor an
      Assessment of Compliance and Attestation Report as and when provided
      above.

     

    Such
      Assessment of Compliance, as to any Sub-Servicer, shall at a minimum address
      each of the Servicing Criteria specified on Exhibit C hereto which are indicated
      as applicable to any “primary servicer.”  Notwithstanding the
      foregoing, as to any subcontractor, an Assessment of Compliance is not required
      to be delivered unless it is required as part of a Form 10-K with respect to
      the
      Trust Fund.

     

    If
      the
      Master Servicer cannot deliver any Assessment of Compliance or Attestation
      Report by March 1st of such
      year, the
      Trustee, at the direction of the Depositor, may permit a cure period for the
      Master Servicer to deliver such Assessment of Compliance or Attestation Report,
      but in no event later than March 15th of such
      year.

     

    Failure
      of the Master Servicer to timely comply with this Section 3.21 shall be deemed
      a
      Master Servicer Event of Default, and upon the receipt of written notice from
      the Trustee of such Event of Default, the Trustee at the direction of the
      Depositor may, in addition to whatever rights the Trustee may have under this
      Agreement and at law or equity or to damages, including injunctive relief and
      specific performance, upon notice immediately terminate all the rights and
      obligations of the Master Servicer under this Agreement and in and to the
      Mortgage Loans and the proceeds thereof without compensating the Master Servicer
      for the same.  This paragraph shall supersede any other provision in
      this Agreement or any other agreement to the contrary.

     

    The
      Trust
      Administrator shall also provide an Assessment of Compliance and Attestation
      Report, as and when provided above, which shall at a minimum address each of
      the
      Servicing Criteria specified on Exhibit C hereto which are indicated as
      applicable to the Trust Administrator.  The Paying Agent, Certificate
      Registrar and Authenticating Agent shall also provide an Assessment of
      Compliance and Attestation Report, as and when provided above, which shall
      at a
      minimum address each of the Servicing Criteria specified on Exhibit C hereto
      which are indicated as applicable to the Paying Agent, Certificate Registrar
      and
      Authenticating Agent.  The Master Servicer shall on behalf of the
      Trustee enforce the obligations of the Custodian under the Custodial Agreement
      to provide an Assessment of Compliance and Attestation Report, as, when and
      to
      the extent set forth in the Custodial Agreement.

     

    The
      Master Servicer shall indemnify and hold harmless the Depositor and its
      officers, directors and Affiliates from and against any actual losses, damages,
      penalties, fines, forfeitures, reasonable and necessary legal fees and related
      costs, judgments and other costs and expenses that such Person may sustain
      based
      upon a breach of the Master Servicer’s obligations, as applicable, under this
      Section 3.21.  The Trust Administrator shall indemnify and hold
      harmless the Depositor and its officers, directors and Affiliates from and
      against any actual losses, damages, penalties, fines, forfeitures, reasonable
      and necessary legal fees and related costs, judgments and other costs and
      expenses that such Person may sustain based upon any failure of the Trust
      Administrator to deliver when required its Assessment of Compliance and
      Attestation Report.  The Paying Agent, Certificate Registrar and
      Authenticating Agent shall indemnify and hold harmless the Depositor and its
      officers, directors and Affiliates from and against any actual losses, damages,
      penalties, fines, forfeitures, reasonable and necessary legal fees and related
      costs, judgments and other costs and expenses that such Person may sustain
      based
      upon any failure of the Paying Agent, Certificate Registrar and Authenticating
      Agent to deliver when required its Assessment of Compliance.

     

    
      	
              SECTION
                3.22  

            	
              Access
                to Certain Documentation.

            

    

     

    The
      Master Servicer shall provide to the Office of the Controller of the Currency,
      the Office of Thrift Supervision, the FDIC, and any other federal or state
      banking or insurance regulatory authority that may exercise authority over
      any
      Certificateholder, access to the documentation regarding the Mortgage Loans
      required by applicable laws and regulations. Such access shall be afforded
      without charge, but only upon reasonable request and during normal business
      hours at the offices of the Master Servicer designated by it. In addition,
      access to the documentation regarding the Mortgage Loans required by applicable
      laws and regulations will be provided to such Certificateholder, the Trustee,
      the Trust Administrator and to any Person identified to the Master Servicer
      as a
      prospective transferee of a Certificate, upon reasonable request during normal
      business hours at the offices of the Master Servicer designated by it at the
      expense of the Person requesting such access.

     

    
      	
              SECTION
                3.23  

            	
              Title,
                Management and Disposition of REO
                Property.

            

    

     

    (a)  The
      deed
      or certificate of sale of any REO Property shall be taken in the name of the
      Trustee, or its nominee, in trust for the benefit of the Certificateholders.
      The
      Master Servicer, on behalf of the Trust Fund, shall either sell any REO Property
      before the close of the third taxable year following the year the Trust Fund
      acquires ownership of such REO Property for purposes of Section 860G(a)(8)
      of
      the Code or request from the Internal Revenue Service, no later than 60 days
      before the day on which the above three-year grace period would otherwise
      expire, an extension of the above three-year grace period, unless the Master
      Servicer shall have delivered to the Trustee, the Trust Administrator and the
      Depositor an Opinion of Counsel, addressed to the Trustee, the Trust
      Administrator and the Depositor, to the effect that the holding by the Trust
      Fund of such REO Property subsequent to the close of the third taxable year
      after its acquisition will not result in the imposition on the Trust Fund of
      taxes on “prohibited transactions” thereof, as defined in Section 860F of the
      Code, or cause any Trust REMIC to fail to qualify as a REMIC under Federal
      law
      at any time that any Certificates are outstanding. The Master Servicer shall
      manage, conserve, protect and operate each REO Property for the
      Certificateholders solely for the purpose of its prompt disposition and sale
      in
      a manner which does not cause such REO Property to fail to qualify as
“foreclosure property” within the meaning of Section 860G(a)(8) of the Code or
      result in the receipt by any Trust REMIC of any “income from non-permitted
      assets” within the meaning of Section 860F(a)(2)(B) of the Code, or any “net
      income from foreclosure property” which is subject to taxation under the REMIC
      Provisions.

     

    (b)  The
      Master Servicer shall segregate and hold all funds collected and received in
      connection with the operation of any REO Property separate and apart from its
      own funds and general assets and shall establish and maintain with respect
      to
      REO Properties an account held in trust for the Trustee for the benefit of
      the
      Certificateholders (the “REO Account”), which shall be an Eligible Account. The
      Master Servicer shall be permitted to allow the Collection Account to serve
      as
      the REO Account, subject to separate ledgers for each REO Property. The Master
      Servicer shall be entitled to retain or withdraw any interest income paid on
      funds deposited in the REO Account.

     

    (c)  The
      Master Servicer shall have full power and authority, subject only to the
      specific requirements and prohibitions of this Agreement, to do any and all
      things in connection with any REO Property as are consistent with the manner
      in
      which the Master Servicer manages and operates similar property owned by the
      Master Servicer or any of its Affiliates, all on such terms and for such period
      as the Master Servicer deems to be in the best interests of Certificateholders.
      In connection therewith, the Master Servicer shall deposit, or cause to be
      deposited in the clearing account (which account must be an Eligible Account)
      in
      which it customarily deposits payments and collections on mortgage loans in
      connection with its mortgage loan servicing activities on a daily basis, and
      in
      no event more than two Business Days after the Master Servicer’s receipt
      thereof, and shall thereafter deposit in the REO Account, in no event more
      than
      one Business Day after the deposit of such funds into the clearing account,
      all
      revenues received by it with respect to an REO Property and shall withdraw
      therefrom funds necessary for the proper operation, management and maintenance
      of such REO Property including, without limitation:

     

    (i)  all
      insurance premiums due and payable in respect of such REO Property;

     

    (ii)  all
      real
      estate taxes and assessments in respect of such REO Property that may result
      in
      the imposition of a lien thereon; and

     

    (iii)  all
      costs
      and expenses necessary to maintain such REO Property.

     

    To
      the
      extent that amounts on deposit in the REO Account with respect to an REO
      Property are insufficient for the purposes set forth in clauses (i) through
      (iii) above with respect to such REO Property, the Master Servicer shall advance
      from its own funds such amount as is necessary for such purposes if, but only
      if, the Master Servicer would make such advances if the Master Servicer owned
      the REO Property and if in the Master Servicer’s judgment, the payment of such
      amounts will be recoverable from the rental or sale of the REO
      Property.

     

    Notwithstanding
      the foregoing, none of the Master Servicer, the Trust Administrator or the
      Trustee shall:

     

    (i)  authorize
      the Trust Fund to enter into, renew or extend any New Lease with respect to
      any
      REO Property, if the New Lease by its terms will give rise to any income that
      does not constitute Rents from Real Property;

     

    (ii)  authorize
      any amount to be received or accrued under any New Lease other than amounts
      that
      will constitute Rents from Real Property;

     

    (iii)  authorize
      any construction on any REO Property, other than the completion of a building
      or
      other improvement thereon, and then only if more than ten percent of the
      construction of such building or other improvement was completed before default
      on the related Mortgage Loan became imminent, all within the meaning of Section
      856(e)(4)(B) of the Code; or

     

    (iv)  authorize
      any Person to Directly Operate any REO Property on any date more than 90 days
      after its date of acquisition by the Trust Fund;

     

    unless,
      in any such case, the Master Servicer has obtained an Opinion of Counsel,
      provided to the Trust Administrator and the Trustee, to the effect that such
      action will not cause such REO Property to fail to qualify as “foreclosure
      property” within the meaning of Section 860G(a)(8) of the Code at any time that
      it is held by the Trust Fund, in which case the Master Servicer may take such
      actions as are specified in such Opinion of Counsel.

     

    The
      Master Servicer may contract with any Independent Contractor for the operation
      and management of any REO Property, provided that:

     

    (i)  the
      terms
      and conditions of any such contract shall not be inconsistent
      herewith;

     

    (ii)  any
      such
      contract shall require, or shall be administered to require, that the
      Independent Contractor pay all costs and expenses incurred in connection with
      the operation and management of such REO Property, including those listed above
      and remit all related revenues (net of such costs and expenses) to the Master
      Servicer as soon as practicable, but in no event later than thirty days
      following the receipt thereof by such Independent Contractor;

     

    (iii)  none
      of
      the provisions of this Section 3.23(c) relating to any such contract or to
      actions taken through any such Independent Contractor shall be deemed to relieve
      the Master Servicer of any of its duties and obligations to the Trustee
      on  behalf of the Certificateholders with respect to the operation and
      management of any such REO Property; and

     

    (iv)  the
      Master Servicer shall be obligated with respect thereto to the same extent
      as if
      it alone were performing all duties and obligations in connection with the
      operation and management of such REO Property.

     

    The
      Master Servicer shall be entitled to enter into any agreement with any
      Independent Contractor performing services for it related to its duties and
      obligations hereunder for indemnification of the Master Servicer by such
      Independent Contractor, and nothing in this Agreement shall be deemed to limit
      or modify such indemnification. The Master Servicer shall be solely liable
      for
      all fees owed by it to any such Independent Contractor, irrespective of whether
      the Master Servicer’s compensation pursuant to Section 3.18 is sufficient to pay
      such fees.

     

    (d)  In
      addition to the withdrawals permitted under Section 3.23(c), the Master Servicer
      may from time to time make withdrawals from the REO Account for any REO
      Property: (i) to pay itself or any Sub-Servicer unpaid Servicing Fees in respect
      of the related Mortgage Loan; and (ii) to reimburse itself or any Sub-Servicer
      for unreimbursed Servicing Advances and P&I Advances made in respect of such
      REO Property or the related Mortgage Loan. Any income from the related REO
      Property received during any calendar months prior to a Final Recovery
      Determination, net of any withdrawals made pursuant to Section 3.23(c) or this
      Section 3.23(d), shall be withdrawn by the Master Servicer from each REO Account
      maintained by it and remitted to the Paying Agent for deposit into the
      Distribution Account in accordance with Section 3.10(d)(ii) on the Master
      Servicer Remittance Date relating to a Final Recovery Determination with respect
      to such Mortgage Loan, for distribution on the related Distribution Date in
      accordance with Section 4.01.

     

    (e)  Subject
      to the time constraints set forth in Section 3.23(a), and further subject to
      obtaining the approval of the insurer under any related Primary Mortgage
      Insurance Policy (if and to the extent that such approvals are necessary to
      make
      claims under such policies in respect of the affected REO Property), each REO
      Disposition shall be carried out by the Master Servicer at such price and upon
      such terms and conditions as the Master Servicer shall deem necessary or
      advisable, as shall be normal and usual in its general servicing activities
      for
      similar properties.

     

    (f)  The
      proceeds from the REO Disposition, net of any amount required by law to be
      remitted to the Mortgagor under the related Mortgage Loan and net of any payment
      or reimbursement to the Master Servicer or any Sub-Servicer as provided above,
      shall be remitted to the Paying Agent for deposit in the Distribution Account
      in
      accordance with Section 3.10(d)(ii) on the Master Servicer Remittance Date
      in
      the month following the receipt thereof for distribution on the related
      Distribution Date in accordance with Section 4.01. Any REO Disposition shall
      be
      for cash only (unless changes in the REMIC Provisions made subsequent to the
      Startup Day allow a sale for other consideration).

     

    (g)  The
      Master Servicer shall file information returns with respect to the receipt
      of
      mortgage interest received in a trade or business, reports of foreclosures
      and
      abandonments of any Mortgaged Property and cancellation of indebtedness income
      with respect to any Mortgaged Property as required by Sections 6050H, 6050J
      and
      6050P of the Code, respectively. Such reports shall be in form and substance
      sufficient to meet the reporting requirements imposed by such Sections 6050H,
      6050J and 6050P of the Code.

     

    
      	
              SECTION
                3.24  

            	
              Obligations
                of the Master Servicer in Respect of Prepayment Interest
                Shortfalls.

            

    

     

    With
      respect to each Collateral Pool, the Master Servicer shall deliver to the Paying
      Agent for deposit into the Distribution Account on or before 12:00 p.m. New
      York
      time on the Master Servicer Remittance Date from its own funds (or from a
      Sub-Servicer’s own funds received by the Master Servicer in respect of
      Compensating Interest) an amount equal to the lesser of (i) the aggregate of
      the
      Prepayment Interest Shortfalls for the related Distribution Date resulting
      from
      full or partial Principal Prepayments during the related Prepayment Period
      and
      (ii) the applicable Compensating Interest Payment for that Collateral
      Pool.

     

    
      	
              SECTION
                3.25  

            	
              Obligations
                of the Master Servicer in Respect of Monthly
                Payments.

            

    

     

    In
      the
      event that a shortfall in any collection on or liability with respect to any
      Mortgage Loan results from or is attributable to adjustments to Stated Principal
      Balances that were made by the Master Servicer in a manner not consistent with
      the terms of the related Mortgage Note and this Agreement, the Master Servicer,
      upon discovery or receipt of notice thereof, immediately shall deliver to the
      Paying Agent for deposit in the Distribution Account from its own funds the
      amount of any such shortfall and shall indemnify and hold harmless the Trust
      Fund, the Trustee, the Trust Administrator, the Depositor and any successor
      master servicer in respect of any such liability. Such indemnities shall survive
      the termination or discharge of this Agreement. If amounts paid by the Master
      Servicer with respect to any Mortgage Loan pursuant to this Section 3.25 are
      subsequently recovered from the related Mortgagor, the Master Servicer shall
      be
      permitted to reimburse itself for such amounts paid by it pursuant to this
      Section 3.25 from such recoveries.

     

    
      	
              SECTION
                3.26  

            	
              Floater
                Cap Carryover Account.

            

    

     

    No
      later than the Closing Date, the
      Paying Agent shall establish and maintain with itself a separate, segregated
      trust account titled, “Floater Cap Carryover Account, Citibank, N.A., as Paying
      Agent, in trust for the registered holders of Citigroup Mortgage Loan Trust
      Inc., Mortgage Pass- Through Certificates, Series 2007-6.”  Amounts
      deposited in the Floater Cap Carryover Account will consist of any payments
      received by the Paying Agent, as designee of the Trustee, under the Interest
      Rate Cap Agreement and deposited into the Floater Cap Carryover
      Account.

     

    On
      each Distribution Date as to which
      there is a Floater Cap Carryover Amount payable to the Class 2-A1 Certificates,
      the Paying Agent shall deposit into the Floater Cap Carryover Account the amount
      of any payments received from Cap Provider.  On each such Distribution
      Date, the Paying Agent shall hold all such amounts for the benefit of the
      Holders of the Class 2-A1 Certificates and the Cap Administrator, and will
      distribute the less of such amounts as follows: (i) the amount on deposit in
      the
      Cap Account and (ii) the amount of any Floater Cap Carryover Amount for such
      Distribution Date.

     

    On
      each Distribution Date, any amounts
      remaining in the Floater Cap Carryover Account (representing payments received
      by the Paying Agent under the Interest Rate Cap Agreement) after the payment
      of
      amounts therefrom as set forth in the preceding paragraph, shall be payable
      to
      the Trustee, in its individual capacity.  For so long as any Class
      2-A1 Certificates are beneficially owned by the Depositor or any of its
      Affiliates, the Depositor shall refund or cause such Affiliate to refund any
      amounts paid to it under the Interest Rate Cap Agreement as Holder or
      Certificate Owner of such Class to the Paying Agent who shall, on behalf of
      the
      Trustee, pursuant to the terms of the Interest Rate Cap Agreement, return such
      amount to the counterparty thereunder.

     

    For
      federal and state income tax
      purposes, Citigroup Global Markets Realty Corp. will be deemed to be the owner
      of the Floater Cap Carryover Account.  The Floater Cap Carryover
      Account will be an “outside reserve fund” within the meaning of Treasury
      Regulation Section 1.860G-2(h).  Upon the termination of the Trust
      Fund, or the payment in full of the Class 2-A1 Certificates, after all
      distributions from the Floater Cap Carryover Account required to be made
      pursuant to the second preceding paragraph, all amounts remaining on deposit
      in
      the Floater Cap Carryover Account will be released by the Trust Fund and
      distributed to the Trustee or its  designee.  The Floater
      Cap Carryover Account will be part of the Trust Fund but not part of any REMIC,
      and any payments to the Holders of the Class 2-A1 Certificates of Floater Cap
      Carryover Amounts will not be payments with respect to a “regular interest” in a
      REMIC within the meaning of Code Section 860(G)(a)(1).

     

    Amounts
      on deposit in the Floater Cap
      Carryover Account shall remain uninvested.

     

    For
      federal tax return and information
      reporting, the value of the right of the Holders of the Class 2-A1 Certificates
      to receive payments from the Floater Cap Carryover Account in respect of any
      Floater Cap Carryover Amount shall be available from the Trust Administrator
      or
      the Paying Agent (to the extent such information is made available to the Trust
      Administrator or the Paying Agent, as the case may be, by the Depositor or
      the
      Underwriter) upon request.

     

    
      	
              SECTION
                3.27  

            	
              Reserved.

            

    

     

    
      	
              SECTION
                3.28  

            	
              Reserved.

            

    

     

    
      	
              SECTION
                3.29  

            	
              Administration
                of Buydown Funds.

            

    

     

                The
      Buydown Account established and maintained by the Master Servicer with respect
      to each Buydown Mortgage Loan shall be an Eligible Account. Upon receipt from
      the Mortgagor of the amount due on a Due Date for each Buydown Mortgage Loan,
      the Master Servicer will withdraw from the related Buydown Account the
      predetermined amount that, when added to the amount due on such date from the
      Mortgagor, equals the Monthly Payment and will deposit that amount together
      with
      the related payment made by the Mortgagor in the Collection Account. The Buydown
      Account shall not be an asset of any REMIC and for federal income tax purposes
      shall be owned by the Master Servicer or the applicable
      Sub-Servicer.

     

    If
      any
      Mortgagor on a Buydown Mortgage Loan prepays such Mortgage Loan in its entirety
      during the Buydown Period, when Buydown Funds are required to be applied to
      such
      Buydown Mortgage Loan, the Master Servicer will withdraw from the related
      Buydown Account and remit to such Mortgagor or any other Person in accordance
      with the related Buydown Agreement any Buydown Funds remaining in the Buydown
      Account. If a Principal Prepayment by a Mortgagor during the Buydown Period,
      together with any Buydown Funds in the related Buydown Account, will result
      in a
      Principal Prepayment in full, the Master Servicer will withdraw from the related
      Buydown Account for deposit in the Collection Account the Buydown Funds, which
      together with such Principal Prepayment, will result in a Principal Prepayment
      in Full. If a Mortgagor defaults during the Buydown Period with respect to
      a
      Buydown Mortgage Loan and the Mortgaged Property is sold at foreclosure or
      title
      thereto is acquired on behalf of the Certificateholders, the Master Servicer
      will withdraw from the Buydown Account the Buydown Funds (which shall thereupon
      constitute “Liquidation Proceeds” for purposes of this Agreement) for deposit in
      the Collection Account.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      IV

     

    PAYMENTS
      TO CERTIFICATEHOLDERS

     

    
      	
              SECTION
                4.01  

            	
              Distributions.

            

    

     

    (a)  (1)  On
      each Distribution Date, the Paying Agent, in accordance with calculations and
      determinations made by the Trust Administrator as reflected in the statement
      to
      Certificateholders prepared by the Trust Administrator pursuant to Section
      4.02,
      shall withdraw from the Distribution Account an amount equal to the related
      Group 1 Available Distribution Amount for each Loan Group within Collateral
      Pool
      1.  Distributions on each Distribution Date with respect to the Group
      1 Certificates will be made to the Holders of the applicable Certificates in
      the
      following amounts and order of priority, from the related Available Distribution
      Amount or related Available Distribution Amounts:

     

    
      	
               

            	
              I.

            	
              From
                the Group 1 Available Distribution Amount related to the Group 1-1
                Mortgage Loans:

            

    

     

    
      	
               

            	
              (i)

            	
              concurrently,
                to the Holders of the Class 1-A1A Certificates, the 1-A1B Certificates,
                the 1-1IO Certificates and the Class 1-R Certificates, the Interest
                Distribution Amount for each such Class, and such Distribution Date,
                on a
                pro rata basis based on their respective entitlements to interest
                pursuant to this clause;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                Senior Principal Distribution Amount for Loan Group 1-1 and such
                Distribution Date, first to the Class 1-R Certificates until the
                Certificate Principal Balance thereof has been reduced to zero and
                then
                concurrently, to the Holders of the Class 1-A1A Certificates and
                the 1-A1B
                Certificates, on a pro rata basis based on the Certificate
                Principal Balance of each such Class, in each case until the Certificate
                Principal Balance thereof has been reduced to
                zero;

            

    

     

    
      	
               

            	
              II.

            	
              From
                the Group 1 Available Distribution Amount related to the Group 1-2
                Mortgage Loans:

            

    

     

    
      	
               

            	
              (i)

            	
              concurrently,
                to the Holders of the Class 1-A2A Certificates, the Class 1-A2B Component
                and the 1-2IO Component, the Interest Distribution Amount for each
                such
                Class or Component, as the case may be, and such Distribution Date,
                on a
                pro rata basis based on their respective entitlements to interest
                pursuant to this clause;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                Senior Principal Distribution Amount for Loan Group 1-2 and such
                Distribution Date, concurrently, to the Holders of the Class 1-A2A
                Certificates and the 1-A2B Component, on a pro rata basis based
                on the Certificate Principal Balance or Component Principal Balance
                of
                each such Class or Component, as the case may be, in each case until
                the
                Certificate Principal Balance or Component Principal Balance thereof
                has
                been reduced to zero;

            

    

     

    
      	
               

            	
              III.

            	
              From
                the Group 1 Available Distribution Amount related to the Group 1-3
                Mortgage Loans:

            

    

     

    
      	
               

            	
              (i)

            	
              concurrently,
                to the Holders of the Class 1-A3A Certificates, the Class 1-A3B Component
                and the Class 1-3IO Component, the Interest Distribution Amount for
                each
                such Class or Component, as the case may be, and such Distribution
                Date,
                on a pro rata basis based on their respective entitlements to
                interest pursuant to this clause;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                Senior Principal Distribution Amount for Loan Group 1-3 and such
                Distribution Date, concurrently, to the Holders of the Class 1-A3A
                Certificates and the Class 1-A3B Component, on a pro rata basis
                based on the Certificate Principal Balance or Component Principal
                Balance
                of each such Class or Component, as the case may be , in each case
                until
                the Certificate Principal Balance or Component Principal Balance
                thereof
                has been reduced to zero;

            

    

     

    
      	
               

            	
              IV.

            	
              From
                the Group 1 Available Distribution Amount related to the Group 1-4
                Mortgage Loans:

            

    

     

    
      	
               

            	
              (i)

            	
              concurrently,
                to the Holders of the Class 1-A4A Certificates, the Class 1-A4B
                Certificates and the Class 1-4IO Certificates, the Interest Distribution
                Amount for each such Class and such Distribution Date, on a pro rata
                basis based on their respective entitlements to interest pursuant
                to
                this clause;

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                Senior Principal Distribution Amount for Loan Group 1-4 and such
                Distribution Date, concurrently, to the Holders of the Class 1-A4A
                Certificates and the Class 1-A4B Certificates, on a pro rata
                basis based on the Certificate Principal Balance of each such Class,
                in
                each case until the Certificate Principal Balance thereof has been
                reduced
                to zero;

            

    

     

    
      	
               

            	
              V.

            	
              From
                the sum of the Group 1 Available Distribution Amounts remaining after
                the
                above distributions have been made:

            

    

     

    
      	
              (i)             

            	
              to
                the Holders of the Group 1 Subordinate Certificates, the Interest
                Distribution Amount for each such Class and such Distribution Date
                in the
                following order of priority: first, to the Class 1-B1 Certificates;
                second, to the Class 1-B2 Certificates; third, to the Class 1-B3
                Certificates; fourth, to the Class 1-B4 Certificates; fifth, to the
                Class
                1-B5 Certificates; and sixth, to the Class 1-B6 Certificates, in
                each case
                to the extent of the remaining Group 1 Available Distribution Amounts
                and
                in each case to the extent of the Interest Distribution Amount for
                such
                Class for such Distribution Date;

            

    

     

    
      	
              (ii)         
                  

            	
              to
                the Holders of the Group 1 Subordinate Certificates, each such Class’s
                allocable share of the Group 1 Subordinate Principal Distribution
                Amount
                for such Distribution Date (calculated in accordance with Section
                4.01(b)(i) below), distributable among the Classes of Group 1 Subordinate
                Certificates in reduction of the Certificate Principal Balances thereof
                in
                the following order of priority: first, to the Class 1-B1 Certificates;
                second, to the Class 1-B2 Certificates; third, to the Class 1-B3
                Certificates; fourth, to the Class 1-B4 Certificates; fifth, to the
                Class
                1-B5 Certificates; and sixth, to the Class 1-B6 Certificates, in
                each case
                until the Certificate Principal Balance of each such Class has been
                reduced to zero; and

            

    

     

    
      	
              (iii)       
                  

            	
              to
                the Class 1-R Certificates, any remaining amounts (which is expected
                to be
                zero); provided, however, that on the Distribution Date that follows
                the expiration of the term of the latest prepayment charge provision
                applicable to any Group 1 Mortgage Loan, any such remainder will
                be
                distributed first, to the Class 1-P Certificates, until the Certificate
                Principal Balance thereof has been reduced to zero, and then to the
                Class
                1-R Certificates.

            

    

     

    (2)           On
      each Distribution Date, the Paying Agent, in accordance with calculations and
      determinations made by the Trust Administrator as reflected in the statement
      to
      Certificateholders prepared by the Trust Administrator pursuant to Section
      4.02,
      shall withdraw from the Distribution Account an amount equal to the related
      Group 2 Available Distribution Amount for each Subgroup within Collateral Pool
      2.  Distributions on each Distribution Date with respect to the Group
      2 Certificates will be made to the Holders of the applicable Certificates in
      the
      following amounts and order of priority, from the related Available Distribution
      Amount or related Available Distribution Amounts:

     

    
      	
               

            	
              I.

            	
              From
                the Group 2 Available Distribution Amount related to Subgroup
                2-1:

            

    

     

    
      	
               

            	
              (i)

            	
              concurrently,
                to the Class 2-A1 Certificates, the Class 2-A2 Certificates, the
                Class
                2-A3 Certificates and the Class 2-R Certificates, the Interest
                Distribution Amount for each such Class and such Distribution
                Date, on a pro rata basis based on their respective entitlements
                to interest pursuant to this
                clause;

            

    

     

    
      	
               

            	
              (ii)

            	
              to
                the Class 2-PO Certificates, the Class 2-PO Principal Distribution
                Amount
                for the Class 2-PO Certificates, in reduction of the Certificate
                Principal
                Balance of such Class, until the Certificate Principal Balance
                thereof has been reduced to zero;
                and

            

    

     

    
      	
               

            	
              (iii)

            	
              the
                Senior Principal Distribution Amount for Subgroup 2-1 and
                such Distribution Date, first to the Class 2-R Certificates until the
                Certificate Principal Balance thereof has been reduced to zero and
                then
                concurrently, to the Class 2-A1 Certificates and the Class 2-A3
                Certificates, on a pro rata basis based on the Certificate
                Principal Balance of each such Class, in each case until the
                Certificate Principal Balance thereof has been reduced to
                zero;

            

    

     

    
      	
               

            	
              II.

            	
              From
                the Group 2 Available Distribution Amount related to Subgroup
                2-2:

            

    

     

    
      	
               

            	
              (i)

            	
              concurrently,
                to the Class 2-A4 Certificates, the Class 2-A5 Certificates, the
                Class
                2-A6 Certificates and the Class 2-XS Certificates, the Interest
                Distribution Amount for each such Class and such Distribution
                Date, on a pro rata basis based on their respective entitlements
                to interest pursuant to this clause;
                and

            

    

     

    
      	
               

            	
              (ii)

            	
              the
                Senior Principal Distribution Amount for Subgroup 2-2 and
                such Distribution Date concurrently, to the Class 2-A4 Certificates
                and the Class 2-A6 Certificates, on a pro rata basis based on the
                Certificate Principal Balance of each such Class, in each case until
                the Certificate Principal Balance thereof has been reduced to
                zero.

            

    

     

    
      	
               

            	
              III.

            	
              From
                the sum of the Group 2 Available Distribution Amounts remaining after
                the
                distributions from clauses I and II above have been
                made:

            

    

     

    
      	
               

            	
              (i)

            	
              concurrently,
                to the Group 2 Class A Certificates related to an Undercollateralized
                Loan
                Group, an amount in respect of principal equal to the related
                Overcollateralized Amount for such Distribution Date, allocated to
                such Group 2 Class A Certificates  (and in the case of any amounts so
                allocated to the Group 2 Class A Certificates relating to any Subgroup
                within Collateral Pool 2, allocated among such classes in the order
                of
                priority described above);

            

    

     

    
      	
               

            	
              (ii)

            	
              to
                the Group 2 Subordinate Certificates, the Interest Distribution Amount
                for
                each such Class and such Distribution Date in the following
                order of priority: first, to the holders of the Class 2-B1 Certificates;
                second, to the holders of the Class 2-B2 Certificates; third, to
                the
                holders of the Class 2-B3 Certificates; fourth, to the holders of
                the
                Class 2-B4 Certificates; fifth, to the holders of the Class 2-B5
                Certificates; and sixth, to the holders of the Class 2-B6 Certificates,
                in
                each case to the extent of the remaining Group 2 Available Distribution
                Amounts and in each case to the extent of the Interest Distribution
                Amount
                for such Class for such Distribution Date; provided that with
                respect to any such class of Group 2 Subordinate Certificates that
                is on
                such Distribution Date the most subordinate class of Group 2
                Subordinate Certificates, the distribution of any Class PO Carry
                Forward
                Amounts to the holders of the Class 2-PO Certificates will be made
                before
                the distribution of the Interest Distribution Amount to such Class,
                and such Class will be entitled to a distribution in respect of
                interest pursuant to clause (iv)
                below;

            

    

     

    
      	
               

            	
              (iii)

            	
              to
                the Class 2-PO Certificates, any Class PO Carry Forward Amounts for
                such
                Distribution Date;

            

    

     

    
      	
               

            	
              (iv)

            	
              to
                the most subordinate class of Group 2 Subordinate Certificates on
                that Distribution Date, the Interest Distribution Amount for
                such Class;

            

    

     

    
      	
               

            	
              (v)           to
                the Group 2 Subordinate
                Certificates, each Class’s allocable share of the Subordinate
                Principal Distribution Amount for each subgroup within Collateral
                Pool
                2, (calculated in accordance with Section 4.01(b)(i) below), in the
                following order of priority: first, to the holders of the Class 2-B1
                Certificates; second, to the holders of the Class 2-B2 Certificates;
                third, to the holders of the Class 2-B3 Certificates; fourth, to
                the
                holders of the Class 2-B4 Certificates; fifth, to the holders of
                the Class
                2-B5 Certificates; and sixth, to the holders of the Class 2-B6
                Certificates, in each case to the extent of the remaining Group 2
                Available Distribution Amounts and in each case to the extent of
                such Class’s allocable share of principal for such Distribution
                Date until the Certificate Principal Balance thereof has been reduced
                to
                zero; and

            

    

     

    
      	
               

            	
              (vi)         to
                the Class 2-R Certificates,
                any remainder (which is expected to be zero); provided, however, that
                on the Distribution Date that follows the expiration of the term of
                the latest prepayment charge provision applicable to any Group 2
                Mortgage
                Loan, any such remainder will be distributed first, to the Class
                2-P
                Certificates, until the Certificate Principal Balance thereof has
                been
                reduced to zero, and then to the Class 2-R
                Certificates.

            

    

     

    (3)           [Reserved].

     

    (4)           Immediately
      prior to the distributions to the Holders of the Certificates on each
      Distribution Date, any adjustments to the Certificate Principal Balances or
      Component Principal Balance of the Certificates or Components, as applicable,
      as
      required by this paragraph shall be made. For each Collateral Pool, an amount
      equal to the lesser of (x) the amount of related Subsequent Recoveries included
      in the available funds for such Distribution Date and (y) the aggregate amount
      of related Realized Losses, other than Excess Bankruptcy Losses, Excess Fraud
      Losses, Excess Special Hazard Losses and Extraordinary Losses, previously
      allocated to the Class of Certificates or Components, as the case may be, and
      that remain “outstanding” as set forth below shall be applied as follows: first,
      to increase the Certificate Principal Balances or Component Principal Balance
      of
      the related Class of Certificates or Components, as the case may be, with the
      highest payment priority to which such Realized Losses were previously
      allocated, to the extent of any such Realized Losses previously allocated to
      such Class of Certificates or Components, as the case may be, and remaining
      “outstanding”; second, to increase the Certificate Principal Balances or
      Component Principal Balance of the related Class of Certificates or Components,
      as the case may be, with the next highest payment priority to which such
      Realized Losses were previously allocated, to the extent of any such Realized
      Losses previously allocated to such Class of Certificates or Components, as
      the
      case may be, and remaining “outstanding”; and so forth. For purposes of the
      foregoing, with respect to any Class of Certificates or Components, as the
      case
      may be, the amount of previously allocated Realized Losses that have been offset
      by an increase in Certificate Principal Balances or Component Principal Balance
      as provided above shall be deemed no longer “outstanding” but not by more than
      the amount of Realized Losses previously allocated to that Class of Certificates
      or Components, as the case may be, pursuant to Section 4.04. Holders of any
      Class of Certificates or Components, as the case may be, with respect to which
      there shall have been a Certificate Principal Balances or Component Principal
      Balance increase pursuant to this paragraph will not be entitled to any
      distribution in respect of interest on the amount of such increase for any
      Interest Accrual Period preceding the Distribution Date on which such increase
      occurs. Any such increases shall be applied to the Certificate Principal
      Balances or Component Principal Balance of each Class of Certificates or
      Components, as the case may be, in accordance with its respective Percentage
      Interest.

     

    All
      references above to the Certificate Principal Balances or Component Principal
      Balance of any Class of Certificates or Components, as the case may be, shall
      be
      to the Certificate Principal Balances or Component Principal Balance of such
      Class of Certificates or Components, as the case may be, prior to the allocation
      of Extraordinary Trust Fund Expenses and Realized Losses, in each case allocated
      to such Class of Certificates or Components, as the case may be, on such
      Distribution Date pursuant to Section 4.04.

     

    (b)  (i)  On
      each Distribution Date, the aggregate distributions of principal made on such
      date in respect of the Group 1 Subordinate Certificates pursuant to Section
      4.01(a)(1)(V)(ii) above and the aggregate distributions of principal made on
      such date in respect of the Group 2 Subordinate Certificates pursuant to Section
      4.01(a)(2)(III)(ii) above, respectively, shall be applied among the various
      Classes thereof, in the order of priority within each Collateral Pool from
      the
      Class of related Subordinate Certificates with the lowest numerical designation
      to the Class of related Subordinate Certificates with the highest numerical
      designation, in each case to the extent of remaining available funds up to
      the
      amount allocable to such Class for such Distribution Date and in each case
      until
      the aggregate Certificate Principal Balance of each such Class is reduced to
      zero, in an amount with respect to each such Class equal to the sum of the
      following with respect to each Loan Group or Subgroup (as applicable) in such
      Collateral Pool: (X) the related Class B Percentage of the amounts described
      in
      clauses (i) through (v) of clause (ii) (a) of the definition of Subordinate
      Principal Distribution Amount, (Y) the portion of the amounts described in
      clauses (ii) (b), (c) and (e) of the definition of Subordinate Principal
      Distribution Amount allocable to such Class pursuant to Section 4.01(b)(ii)
      below and (Z) the excess, if any, of the amount required to be distributed
      to
      such Class pursuant to this Section 4.01(b)(i) for the immediately preceding
      Distribution Date, over the aggregate distributions of principal made in respect
      of such Class of Certificates on such immediately preceding Distribution Date
      pursuant to Section 4.01 to the extent that any such excess is not attributable
      to Realized Losses which were allocated to related Subordinate Certificates
      with
      a lower priority pursuant to Section 4.04.

     

    (ii)  On
      any
      Distribution Date, the amounts with respect to each Loan Group within Collateral
      Pool 1 described in clauses (ii) (b), (c), and (e) of the definition of
      Subordinate Principal Distribution Amount, will be allocated on a pro
      rata basis among the following Classes of Group 1 Subordinate Certificates
      (each, an “Eligible Class”) in proportion to the respective outstanding
      Certificate Principal Balances thereof: (i) the Class 1-B1 Certificates, (ii)
      the Class 1-B2 Certificates, if on such Distribution Date the aggregate
      percentage interest in Collateral Pool 1 evidenced by the Class 1-B2
      Certificates, the Class 1-B3 Certificates, the Class 1-B4 Certificates, the
      Class 1-B5 Certificates and the Class 1-B6 Certificates equals or exceeds 4.60%
      before giving effect to distributions on such Distribution Date, (iii) the
      Class
      1-B3 Certificates, if on such Distribution Date the aggregate percentage
      interest in Collateral Pool 1 evidenced by the Class 1-B3 Certificates, the
      Class 1-B4 Certificates, the Class 1-B5 Certificates and the Class 1-B6
      Certificates equals or exceeds 3.10% before giving effect to distributions
      on
      such Distribution Date, (iv) the Class 1-B4 Certificates, if on
      such  Distribution Date the aggregate percentage interest in
      Collateral Pool 1 evidenced by the Class 1-B4 Certificates, the Class 1-B5
      Certificates and the Class 1-B6 Certificates equals or exceeds 2.20% before
      giving effect to distributions on such Distribution Date, (v) the Class 1-B5
      Certificates, if on such Distribution Date the aggregate percentage interest
      in
      Collateral Pool 1 evidenced by the Class 1-B5 Certificates and the Class 1-B6
      Certificates equals or exceeds 1.00% before giving effect to distributions
      on
      such Distribution Date and (vi) the Class 1-B6 Certificates, if on such
      Distribution Date the percentage interest in Collateral Pool 1 evidenced by
      the
      Class 1-B6 Certificates equals or exceeds 0.45% before giving effect to
      distributions on such Distribution Date. If any of the foregoing Certificates
      is
      not an Eligible Class, any amounts allocable to principal and distributable
      pursuant to this Section 4.01(b)(ii) will be distributed among the Certificates
      that are Eligible Classes in the manner set forth above.

     

    On
      any
      Distribution Date, the amounts with respect to each Group 2 Loan Group described
      in clauses (ii) (b), (c), and (e) of the definition of Subordinate Principal
      Distribution Amount will be allocated on a pro rata basis among the
      following Classes of Group 2 Subordinate Certificates (each, an “Eligible
      Class”) in proportion to the respective outstanding Certificate Principal
      Balances thereof: (i) the Class 2-B1 Certificates, (ii) the Class 2-B2
      Certificates, if on such Distribution Date the aggregate percentage interest
      in
      Collateral Pool 2 evidenced by the Class 2-B2 Certificates, the Class 2-B3
      Certificates, the Class 2-B4 Certificates, the Class 2-B5 Certificates and
      the
      Class 2-B6 Certificates equals or exceeds 4.75% before giving effect to
      distributions on such Distribution Date, (iii) the Class 2-B3 Certificates,
      if
      on such Distribution Date the aggregate percentage interest in Collateral Pool
      2
      evidenced by the Class 2-B3 Certificates, the Class 2-B4 Certificates, the
      Class
      2-B5 Certificates and the Class 2-B6 Certificates equals or exceeds 3.20% before
      giving effect to distributions on such Distribution Date, (iv) the Class 2-B4
      Certificates, if on such  Distribution Date the aggregate percentage
      interest in Collateral Pool 2 evidenced by the Class 2-B4 Certificates, the
      Class 2-B5 Certificates and the Class 2-B6 Certificates equals or exceeds 2.25%
      before giving effect to distributions on such Distribution Date, (v) the Class
      2-B5 Certificates, if on such Distribution Date the aggregate percentage
      interest in Collateral Pool 2 evidenced by the Class 2-B5 Certificates and
      the
      Class 2-B6 Certificates equals or exceeds 1.25% before giving effect to
      distributions on such Distribution Date and (vi) the Class 2-B6 Certificates,
      if
      on such Distribution Date the percentage interest in Collateral Pool 2 evidenced
      by the Class 2-B6 Certificates equals or exceeds 0.50% before giving effect
      to
      distributions on such Distribution Date. If any of the foregoing Certificates
      is
      not an Eligible Class, any amounts allocable to principal and distributable
      pursuant to this Section 4.01(b)(ii) will be distributed among the Certificates
      that are Eligible Classes in the manner set forth above.

     

    Notwithstanding
      the foregoing, if the application of the foregoing on any Distribution Date
      as
      provided in Section 4.01 would result in a distribution in respect of principal
      to any Class or Classes of Subordinate Certificates in an amount greater than
      the remaining  Certificate Principal Balance thereof (any such Class,
      a “Maturing Class”) then: (a) the amount to be allocated to each Maturing Class
      shall be reduced to a level that, when applied as described above, would exactly
      reduce the Certificate Principal Balance of such Class to zero and (b) the
      total
      amount of the reduction in the amount to be allocated to the Maturing Class
      or
      Classes shall be allocated among the remaining related Eligible Classes on
      a
pro rata basis in proportion to the respective outstanding Certificate
      Principal Balances thereof prior to the allocation thereto of any of the amounts
      described in the preceding sentence.

     

    (c)  All
      distributions made with respect to each Class of Certificates on each
      Distribution Date shall be allocated pro rata among the outstanding
      Certificates in such Class based on their respective Percentage Interests.
      Payments in respect of each Class of Certificates on each Distribution Date
      will
      be made to the Holders of the respective Class of record on the related Record
      Date (except as otherwise provided in Section 4.01(e) or Section 9.01 respecting
      the final distribution on such Class), based on the aggregate Percentage
      Interest represented by their respective Certificates, and shall be made by
      wire
      transfer of immediately available funds to the account of any such Holder at
      a
      bank or other entity having appropriate facilities therefor, if such Holder
      shall have so notified the Certificate Registrar in writing at least five
      Business Days prior to the Record Date immediately prior to such Distribution
      Date and with respect to any Class of Certificates other than the Residual
      Certificates is the registered owner of Certificates having an initial aggregate
      Certificate Principal Balance that is in excess of the lesser of (i) $5,000,000
      or (ii) two-thirds of the initial Certificate Principal Balance of such Class
      of
      Certificates, or otherwise by check mailed by first class mail to the address
      of
      such Holder appearing in the Certificate Register. The final distribution on
      each Certificate will be made in like manner, but only upon presentment and
      surrender of such Certificate at the Corporate Trust Office of the Certificate
      Registrar or such other location specified in the notice to Certificateholders
      of such final distribution.

     

    Each
      distribution with respect to a Book-Entry Certificate shall be paid to the
      Depository, as Holder thereof, and the Depository shall be responsible for
      crediting the amount of such distribution to the accounts of its Depository
      Participants in accordance with its normal procedures. Each Depository
      Participant shall be responsible for disbursing such distribution to the
      Certificate Owners that it represents and to each indirect participating
      brokerage firm (a “brokerage firm” or “indirect participating firm”) for which
      it acts as agent. Each brokerage firm shall be responsible for disbursing funds
      to the Certificate Owners that it represents. None of the Trustee, the Trust
      Administrator, the Paying Agent, the Certificate Registrar, the Authenticating
      Agent, the Depositor or the Master Servicer shall have any responsibility
      therefor except as otherwise provided by this Agreement or applicable
      law.

     

    (d)  The
      rights of the Certificateholders to receive distributions in respect of the
      Certificates, and all interests of the Certificateholders in such distributions,
      shall be as set forth in this Agreement. None of the Holders of any Class of
      Certificates, the Depositor, the Trustee, the Trust Administrator, the
      Authenticating Agent, the Paying Agent, the Certificate Registrar or the Master
      Servicer shall in any way be responsible or liable to the Holders of any other
      Class of Certificates in respect of amounts properly previously distributed
      on
      the Certificates.

     

    (e)  Except
      as
      otherwise provided in Section 9.01, whenever the Trust Administrator expects
      that the final distribution with respect to any Class of Certificates will
      be
      made on the next Distribution Date, the Trust Administrator shall so timely
      advise the Paying Agent and the Paying Agent shall, no later than five days
      after the latest related Determination Date, mail on such date to each Holder
      of
      such Class of Certificates a notice to the effect that:

     

    (i)  the
      Paying Agent expects that the final distribution with respect to such Class
      of
      Certificates will be made on such Distribution Date, but only upon presentation
      and surrender of such Certificates at the office of the Certificate Registrar
      therein specified,

     

    (ii)  no
      interest shall accrue on such Certificates from and after the end of the related
      Interest Accrual Period, and

     

    (iii)  any
      funds
      not distributed to any Holder or Holders of Certificates of such Class on such
      Distribution Date because of the failure of such Holder or Holders to tender
      their Certificates shall, on such date, be set aside and held in trust by the
      Paying Agent and credited to the account of the appropriate non-tendering Holder
      or Holders. If any Certificates as to which notice has been given pursuant
      to
      this Section 4.01(e) shall not have been surrendered for cancellation within
      six
      months after the time specified in such notice, the Paying Agent shall mail
      a
      second notice to the remaining non-tendering Certificateholders to surrender
      their Certificates for cancellation in order to receive the final distribution
      with respect thereto. If within one year after the second notice all such
      Certificates shall not have been surrendered for cancellation, the Paying Agent
      shall, directly or through an agent, mail a final notice to remaining
      non-tendering Certificateholders concerning surrender of their Certificates
      and
      shall continue to hold any remaining funds for the benefit of non-tendering
      Certificateholders. The costs and expenses of maintaining the funds in trust
      and
      of contacting such Certificateholders shall be paid out of the assets remaining
      in such trust fund. If within one year after the final notice any such
      Certificates shall not have been surrendered for cancellation, the Paying Agent
      shall pay to the Citigroup Global Markets Inc. all such amounts, and all rights
      of non-tendering Certificateholders in or to such amounts shall thereupon cease.
      No interest shall accrue or be payable to any Certificateholder on any amount
      held in trust by the Paying Agent as a result of such Certificateholder’s
      failure to surrender its Certificate(s) for final payment thereof in accordance
      with this Section 4.01(e).

     

    (5)           On
      each Distribution Date, all amounts representing prepayment charges, penalties
      or premiums in respect of the related Prepayment Charge Mortgage Loans received
      during the related Prepayment Period will be withdrawn from the Distribution
      Account and distributed by the Paying Agent to the Holders of the related Class
      P Certificates and shall not be available for distribution to the Holders of
      any
      other Class of Certificates. The Class 1-P Certificates shall be entitled to
      all
      prepayment premiums or charges received in respect of the Group 1 Mortgage
      Loans.  The Class 2-P Certificates shall be entitled to all prepayment
      premiums or charges received in respect of the Group 2 Mortgage
      Loans.  The payment of the foregoing amounts to the Holders of the
      Class P Certificates shall not reduce the Certificate Principal Balance
      thereof.

     

    
      	
              SECTION
                4.02  

            	
              Statements
                to Certificateholders.

            

    

     

    On
      each
      Distribution Date, the Trust Administrator shall prepare and make available
      to
      the Paying Agent, and the Paying Agent shall make available on its website
      to
      each Holder of the Regular Certificates, a statement as to the distributions
      made on such Distribution Date setting forth:

     

    (i)  the
      amount of the distribution made on such Distribution Date to the Holders of
      Certificates of each such Class allocable to principal;

     

    (ii)  the
      amount of the distribution made on such Distribution Date to the Holders of
      Certificates of each such Class allocable to interest;

     

    (iii)  with
      respect to each Collateral Pool, the aggregate amount of servicing compensation
      received by the Master Servicer for the related Due Period and such other
      customary information as the Trust Administrator deems necessary or desirable,
      or which a Certificateholder reasonably requests, to enable Certificateholders
      to prepare their tax returns;

     

    (iv)  with
      respect to each Collateral Pool, the aggregate amount of P&I Advances for
      such Distribution Date;

     

    (v)  with
      respect to each Collateral Pool, the aggregate Stated Principal Balance of
      the
      related Mortgage Loans and any related REO Properties at the close of business
      on such Distribution Date;

     

    (vi)  with
      respect to each Collateral Pool, the number, aggregate principal balance,
      weighted average remaining term to maturity and weighted average Mortgage Rate
      of the related Mortgage Loans as of the related Due Date;

     

    (vii)  with
      respect to each Collateral Pool, the number and aggregate unpaid principal
      balance of related Mortgage Loans that are (a) delinquent 30 to 59 days, (b)
      delinquent 60 to 89 days, (c) delinquent 90 or more days in each case, as of
      the
      last day of the preceding calendar month, (d) as  to which foreclosure
      proceedings have been commenced and (e) with respect to which the related
      Mortgagor has filed for protection under applicable bankruptcy laws, with
      respect to whom bankruptcy proceedings are pending or with respect to whom
      bankruptcy protection is in force (such delinquencies for all purposes in this
      Agreement as calculated using the MBA method);

     

    (viii)  with
      respect to each Collateral Pool, for any related Mortgage Loan that became
      an
      REO Property during the preceding calendar month, the unpaid principal balance
      and the Stated Principal Balance of such Mortgage Loan as of the date it became
      an REO Property;

     

    (ix)  with
      respect to each Collateral Pool, the book value and the Stated Principal Balance
      of any related REO Property as of the close of business on the last Business
      Day
      of the calendar month preceding the Distribution Date;

     

    (x)  with
      respect to each Collateral Pool, the aggregate amount of Principal Prepayments
      made during the related Prepayment Period;

     

    (xi)  with
      respect to each Collateral Pool, the aggregate amount of Realized Losses
      incurred during the related Prepayment Period (or, in the case of Bankruptcy
      Losses allocable to interest, during the related Due Period), the aggregate
      amount of Realized Losses incurred since the Cut-off Date and the aggregate
      amount of Subsequent Recoveries received during the Prepayment Period and the
      cumulative amount of Subsequent Recoveries received since the Cut-off Date,
      in
      each case separately identifying whether such Realized Losses constituted Fraud
      Losses, Special Hazard Losses or Bankruptcy Losses;

     

    (xii)  with
      respect to each Collateral Pool, the aggregate amount of Extraordinary Trust
      Fund Expenses withdrawn from the Collection Account or the Distribution Account
      for such Distribution Date and to whom such Extraordinary Trust Expenses were
      paid and for what purpose;

     

    (xiii)  the
      aggregate Certificate Principal Balance or Notional Amount of each such Class
      of
      Certificates immediately prior to such Distribution Date and after giving effect
      to the distributions, and allocations of Realized Losses and Extraordinary
      Trust
      Fund Expenses made on such Distribution Date, separately identifying any
      reduction thereof due to allocations of Realized Losses and Extraordinary Trust
      Fund Expenses;

     

    (xiv)  with
      respect to each Collateral Pool, the aggregate Servicing Fees accrued with
      respect to the servicing of the Mortgage Loans in such Collateral Pool during
      such calendar month;

     

    (xv)  the
      Pass-Through Rate Amount in respect of each such Class of Certificates (other
      than the Class P Certificates and the Class R Certificates) for such
      Distribution Date and the Interest Distribution Amount in respect of each such
      Class of Certificates for such Distribution Date and the respective portions
      thereof, if any, remaining unpaid following the distributions made in respect
      of
      such Certificates on such Distribution Date;

     

    (xvi)  with
      respect to each Collateral Pool, the aggregate amount of any Prepayment Interest
      Shortfalls for such Distribution Date, to the extent not covered by payments
      by
      the Master Servicer pursuant to Section 3.24;

     

    (xvii)  with
      respect to each Collateral Pool, the aggregate amount of Relief Act Interest
      Shortfalls for such Distribution Date;

     

    (xviii)  with
      respect to each Collateral Pool, the then-applicable Bankruptcy Amount, Fraud
      Loss Amount, and Special Hazard Amount;

     

    (xix)  the
      applicable Record Date for each Class for such Distribution Date;

     

    (xx)  with
      respect to each Collateral Pool, for any related Mortgage Loan as to which
      foreclosure proceedings have been concluded, the unpaid principal balance of
      such Mortgage Loan as of the date of such conclusion of foreclosure
      proceedings;

     

    (xxi)  with
      respect to each Collateral Pool, for related Mortgage Loans as to which a Final
      Liquidation has occurred, the number of Mortgage Loans, the unpaid principal
      balance of such Mortgage Loans as of the date of such Final Liquidation and
      the
      amount of proceeds (including Liquidation Proceeds and Insurance Proceeds)
      collected in respect of such Mortgage Loans;

     

    (xxii)  if
      applicable, material modifications, extensions or waivers to mortgage loan
      terms, fees, penalties or payments during the preceding calendar month or that
      have become material over time;

     

    (xxiii)  whether
      Realized Losses or delinquencies are at levels such as to prevent scheduled
      declines in any of the Senior Prepayment Percentages;

     

    (xxiv)  whether
      any material breaches of loan-level representations and warranties made by
      the
      Seller under the Mortgage Loan Purchase Agreement have been discovered by or
      reported to the Master Servicer, and the dollar amount of any repurchases or
      substitutions in connection with any such breaches; or

     

    (xxv)  deposits,
      if any, made into and payments, if any, made from, each of the Net WAC Rate
      Carryover Reserve Account and the Cap Account and the amount distributed to
      the
      Offered Certificates from such payments from each such account.

     

    In
      the
      case of information furnished pursuant to subclauses (i) through (iii) above,
      the amounts shall also be expressed as a dollar amount per Single Certificate
      of
      the relevant Class.

     

    Within
      a
      reasonable period of time after the end of each calendar year, the Paying Agent
      shall forward to each Person (with a copy to the Trust Administrator and the
      Trustee) who at any time during the calendar year was a Holder of a Regular
      Certificate a statement containing the information set forth in subclauses
      (i)
      through (iii) above, aggregated for such calendar year or applicable portion
      thereof during which such person was a Certificateholder. Such obligation of
      the
      Paying Agent shall be deemed to have been satisfied to the extent that
      substantially comparable information shall be prepared by the Trust
      Administrator and provided by the Paying Agent pursuant to any requirements
      of
      the Code as from time to time are in force.

     

    On
      each
      Distribution Date, the Paying Agent shall make available to the Depositor,
      each
      Holder of a Residual Certificate, the Trust Administrator, the Credit Risk
      Manager and the Master Servicer, a copy of the reports forwarded to the Regular
      Certificateholders on such Distribution Date and a statement setting forth
      the
      amounts, if any, actually distributed with respect to the Residual Certificates,
      respectively, on such Distribution Date.

     

    Within
      a
      reasonable period of time after the end of each calendar year, the Paying Agent
      shall forward to each Person (with a copy to the Trust Administrator and the
      Trustee) who at any time during the calendar year was a Holder of a Residual
      Certificate a statement setting forth the amount, if any, actually distributed
      with respect to the Residual Certificates, as appropriate, aggregated for such
      calendar year or applicable portion thereof during which such Person was a
      Certificateholder. Such obligation of the Paying Agent shall be deemed to have
      been satisfied to the extent that substantially comparable information shall
      be
      prepared by the Trust Administrator and furnished by the Paying Agent to such
      Holders pursuant to the rules and regulations of the Code as are in force from
      time to time.

     

    Upon
      request, the Paying Agent shall forward to each Certificateholder, during the
      term of this Agreement, such periodic, special, or other reports or information,
      whether or not provided for herein, as shall be reasonable with respect to
      the
      Certificateholder, or otherwise with respect to the purposes of this Agreement,
      all such reports or information to be provided at the expense of the
      Certificateholder in accordance with such reasonable and explicit instructions
      and directions as the Certificateholder may provide. For purposes of this
      Section 4.02, the Paying Agent’s duties are limited to the extent that the
      Paying Agent receives timely reports as required from the Trust Administrator
      and the Master Servicer and that the Trust Administrator receives timely reports
      as required from the Master Servicer.

     

    On
      each
      Distribution Date, the Trust Administrator shall provide Bloomberg Financial
      Markets, L.P. (“Bloomberg”) (1) CUSIP level factors for each class of
      Certificates as of such Distribution Date and (2) the number and aggregate
      unpaid principal balance of Mortgage Loans that are (a) delinquent 30 to 59
      days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days in each
      case,
      as of the last day of the preceding calendar month, (d) as  to which
      foreclosure proceedings have been commenced and (e) with respect to which the
      related Mortgagor has filed for protection under applicable bankruptcy laws,
      with respect to whom bankruptcy proceedings are pending or with respect to
      whom
      bankruptcy protection is in force, in each case using a format and media
      mutually acceptable to the Trust Administrator and Bloomberg.

     

    
      	
              SECTION
                4.03  

            	
              Remittance
                Reports; P&I Advances.

            

    

     

    (a)  On
      the
      second Business Day prior to the related Distribution Date, the Master Servicer
      shall deliver to the Trust Administrator, the Paying Agent, the Credit Risk
      Manager and the Trustee by telecopy (or by such other means as the Master
      Servicer, the Paying Agent and the Trust Administrator and the Trustee may
      agree
      from time to time) a Remittance Report with respect to the related Distribution
      Date. Such Remittance Report will include (i) the amount of P&I Advances to
      be made by the Master Servicer in respect of the related Distribution Date,
      the
      aggregate amount of P&I Advances outstanding after giving effect to such
      P&I Advances, and the aggregate amount of Nonrecoverable P&I Advances in
      respect of such Distribution Date and (ii) such other information with respect
      to the Mortgage Loans as the Trust Administrator or the Paying Agent may
      reasonably require to perform the calculations necessary for the Paying Agent
      to
      make the distributions contemplated by Section 4.01 and for the Trust
      Administrator to prepare the statements to Certificateholders contemplated
      by
      Section 4.02; provided, however, that if the Master Servicer is not the Trust
      Administrator, the Master Servicer will forward to the successor Trust
      Administrator the information set forth in clause (i) above on the next Business
      Day following the latest related Determination Date and the information set
      forth in clause (ii) above on the fifth Business Day following the last day
      of
      the related calendar month. Neither the Trustee, the Paying Agent nor the Trust
      Administrator shall be responsible to recompute, recalculate or verify any
      information provided to it by the Master Servicer.

     

    (b)  The
      amount of P&I Advances to be made by the Master Servicer for any
      Distribution Date shall equal, subject to Section 4.03(d), the sum of (i) the
      aggregate amount of Monthly Payments (with each interest portion thereof net
      of
      the related Servicing Fee), due on the related Due Date in respect of the
      Mortgage Loans, which Monthly Payments were delinquent as of the close of
      business on the related Determination Date and (ii) with respect to each REO
      Property, which REO Property was acquired during or prior to the related
      Prepayment Period and as to which such REO Property an REO Disposition did
      not
      occur during the related Prepayment Period, an amount equal to the Monthly
      Payments (with each interest portion thereof net of the related Servicing Fee)
      that would have been due on the related Due Date in respect of the related
      Mortgage Loans.

     

    On
      or
      before 12:00 p.m. New York time on the Master Servicer Remittance Date, the
      Master Servicer shall remit in immediately available funds to the Paying Agent
      for deposit in the Distribution Account an amount equal to the aggregate amount
      of P&I Advances, if any, to be made in respect of the Mortgage Loans and REO
      Properties for the related Distribution Date either (i) from its own funds
      or,
      if received from a Sub-Servicer, from funds remitted by a Sub-Servicer in
      payment of required P&I Advances or (ii) from the Collection Account, to the
      extent of funds held therein for future distribution (in which case, it will
      cause to be made an appropriate entry in the records of Collection Account
      that
      amounts held for future distribution have been, as permitted by this Section
      4.03, used by the Master Servicer in discharge of any such P&I Advance) or
      (iii) in the form of any combination of (i) and (ii) aggregating the total
      amount of P&I Advances to be made by the Master Servicer with respect to the
      Mortgage Loans and REO Properties. Any amounts held for future distribution
      and
      so used shall be appropriately reflected in the Master Servicer’s records and
      replaced by the Master Servicer by deposit in the Collection Account on or
      before any future Master Servicer Remittance Date to the extent that the
      Available Distribution Amount for the related Distribution Date (determined
      without regard to P&I Advances to be made on the Master Servicer Remittance
      Date) shall be less than the total amount that would be distributed to the
      Classes of Certificateholders pursuant to Section 4.01 on such Distribution
      Date
      if such amounts held for future distributions had not been so used to make
      P&I Advances. The Trust Administrator will provide notice to the Master
      Servicer by telecopy by the close of business on the Master Servicer Remittance
      Date in the event that the amount remitted by the Master Servicer to the Trust
      Administrator on such Master Servicer Remittance Date is less than the P&I
      Advances required to be made by the Master Servicer for the related Distribution
      Date.

     

    (c)  The
      obligation of the Master Servicer to make such P&I Advances is mandatory,
      notwithstanding any other provision of this Agreement but subject to (d) below,
      and, with respect to any Mortgage Loan or REO Property, shall continue until
      a
      Final Recovery Determination in connection therewith or the removal thereof
      from
      REMIC I-A or REMIC II-A pursuant to any applicable provision of this Agreement,
      except as otherwise provided in this Section.

     

    (d)  Notwithstanding
      anything herein to the contrary, no P&I Advance shall be required to be made
      hereunder by the Master Servicer if such P&I Advance would, if made,
      constitute a Nonrecoverable P&I Advance. The determination by the Master
      Servicer that it has made a Nonrecoverable P&I Advance or that any proposed
      P&I Advance, if made, would constitute a Nonrecoverable P&I Advance,
      shall be evidenced by an Officers’ Certificate of the Master Servicer delivered
      to the Depositor, the Trust Administrator, the Paying Agent, the Credit Risk
      Manager and the Trustee.

     

    (e)  If
      the
      Master Servicer shall fail to make any P&I Advance on any Master Servicer
      Remittance Date required to be made from its own funds pursuant to this Section
      4.03, then the Paying Agent, by not later than 1:00 p.m. on the related
      Distribution Date, shall make such P&I advance from its own funds by
      depositing the amount of such advance into the Distribution Account, and the
      Trust Administrator and the Paying Agent shall include the amount so advanced
      by
      the Paying Agent in the Available Distribution Amount distributed on such
      Distribution Date.

     

    
      	
              SECTION
                4.04  

            	
              Allocation
                of Extraordinary Trust Fund Expenses and Realized
                Losses.

            

    

     

    (a)  Prior
      to
      each Distribution Date, the Master Servicer shall determine as to each Mortgage
      Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred
      in connection with any Final Recovery Determinations made during the related
      Prepayment Period; (ii) whether and the extent to which such Realized Losses
      constituted Fraud Losses or Special Hazard Losses; and (iii) the respective
      portions of such Realized Losses allocable to interest and allocable to
      principal. Prior to each Distribution Date, the Master Servicer shall also
      determine as to each Mortgage Loan: (A) the total amount of Realized Losses,
      if
      any, incurred in connection with any Deficient Valuations made during the
      related Prepayment Period; and (B) the total amount of Realized Losses, if
      any,
      incurred in connection with Debt Service Reductions in respect of Monthly
      Payments due during the related Due Period. The information described in the
      two
      preceding sentences that is to be supplied by the Master Servicer shall be
      evidenced by an Officers’ Certificate delivered to the Trust Administrator, the
      Paying Agent and the Trustee by the Master Servicer prior to the Determination
      Date immediately following the end of (x) in the case of Bankruptcy Losses
      allocable to interest, the Due Period during which any such Realized Loss was
      incurred, and (y) in the case of all other Realized Losses, the Prepayment
      Period during which any such Realized Loss was incurred.

     

    (b)  Following
      all distributions to be made pursuant to Section 4.01 on a Distribution Date,
      all Realized Losses determined by the Master Servicer as described in (a) above
      on the Mortgage Loans related to each Collateral Pool (other than Excess Losses)
      shall be allocated on each Distribution Date (i) first, to payments received
      under the Interest Rate Cap Agreement and (ii) second, in reverse sequential
      order to the related Subordinate Certificates, in each case until the
      Certificate Principal Balance thereof has been reduced to zero.

     

    Thereafter,
      (i) with respect to Collateral Pool 1, upon the reduction of the Certificate
      Principal Balances of the Subordinate Certificates relating to Collateral Pool
      1
      to zero, such Realized Losses, other than Excess Losses, will be allocated
      on
      any Distribution Date to the Class 1-A1A Certificates and the Class 1-A1B
      Certificates as set forth below (if the Realized Loss is on a Group 1-1 Mortgage
      Loan), to the Class 1-A2A Certificates and the Class 1-A23B Certificates as
      set
      forth below (if the Realized Loss is on a Group 1-2 Mortgage Loan), to the
      Class
      1-A3A Certificates and the Class 1-A23B Certificates as set forth below (if
      the
      Realized Loss is on a Group 1-3 Mortgage Loan) or to the Class 1-A4A
      Certificates and the Class 1-A4B Certificates as set forth below (if the
      Realized Loss is on a Group 1-4 Mortgage Loan) and (ii) with respect to
      Collateral Pool 2, upon the reduction of the Certificate Principal Balances
      of
      the Subordinate Certificates relating to Collateral Pool 2 to zero, the Non-PO
      Percentage of such Realized Losses, other than Excess Losses, will be allocated
      on any Distribution Date to the Class 2-1A Certificates (if the Realized Loss
      is
      on a Group 2-1 Mortgage Loan or Mortgage Loan Component) and the Class 2-2A
      Certificates as set forth below (if the Realized Loss is on a Subgroup 2-2
      Mortgage Loan or Mortgage Loan Component.  If Realized Losses are on a
      Class PO Mortgage Loan, the Class PO Percentage of such Realized Losses will
      be
      allocated to the Class 2-PO Certificates).

     

    Excess
      Losses on the Group 1 Mortgage Loans will be allocated on any Distribution
      Date
      by allocating (i) the related Group 1 Senior Percentage of the Excess Loss
      to
      the Class 1-A1A Certificates and Class 1-A1B Certificates as set forth below
      (if
      the Excess Loss is on a Group 1-1 Mortgage Loan), to the Class 1-A2A
      Certificates and Class 1-A23B Certificates as set forth below (if the Excess
      Loss is on a Group 1-2 Mortgage Loan), to the Class 1-A3A Certificates and
      Class
      1-A23B Certificates as set forth below (if the Excess Loss is on a Group 1-3
      Mortgage Loan) or to the Class 1-A4A Certificates and Class 1-A4B Certificates
      as set forth below (if the Excess Loss is on a Group 1-4 Mortgage Loan) and
      (ii)
      the Group 1 Subordinate Percentage (related to the Loan Group in which the
      Mortgage Loan that suffered the Excess Loss is included) of the Excess Loss
      to
      the Group 1 Subordinate Certificates on a pro rata basis based on their
      respective Certificate Principal Balances.

     

    Excess
      Losses on the Group 2 Mortgage Loans will be allocated on any Distribution
      Date
      by allocating (i) the related Group 2 Senior Percentage of the Non-PO Percentage
      of the Excess Loss to the Class 2-1A Certificates as described below (if the
      Excess Loss is on a Subgroup 2-2 Mortgage Loan or Mortgage Loan Component)
      and
      Class 2-2A Certificates as set forth below (if the Excess Loss is on a Subgroup
      2-2 Mortgage Loan or Mortgage Loan Component) and (ii) the related Group 2
      Subordinate Percentage (related to the Subgroup in which the Mortgage Loan
      or
      Mortgage Loan Component that suffered the Excess Loss is included) of the Non-PO
      Percentage of the Excess Loss to the Group 2 Subordinate Certificates on a
      pro rata basis based on their respective Certificate Principal
      Balances.

     

    Any
      Extraordinary Trust Fund Expenses relating to Collateral Pool 1 will be
      allocated on any Distribution Date as follows: first, to the Class 1-B6
      Certificates; second, to the Class 1-B5 Certificates; third, to the Class 1-B4
      Certificates; fourth, to the Class 1-B3 Certificates; fifth, to the Class 1-B2
      Certificates; and sixth, to the Class 1-B1 Certificates, in each case until
      the
      Certificate Principal Balance of such Class has been reduced to zero.
      Thereafter, any Extraordinary Trust Fund Expenses relating to Collateral Pool
      1
      will be allocated on any Distribution Date among the Group 1 Class A
      Certificates on a pro rata basis based on their respective Certificate
      Principal Balances. Any Extraordinary Trust Fund Expenses relating to Collateral
      Pool 2 will be allocated on any Distribution Date as follows: first, to the
      Class 2-B6 Certificates; second, to the Class 2-B5 Certificates; third, to
      the
      Class 2-B4 Certificates; fourth, to the Class 2-B3 Certificates; fifth, to
      the
      Class 2-B2 Certificates; and sixth, to the Class 2-B1 Certificates, in each
      case
      until the Certificate Principal Balance of such Class has been reduced to zero.
      Thereafter, the Extraordinary Trust Fund Expenses relating to Collateral Pool
      2
      will be allocated on any Distribution Date among the Group 2 Class A
      Certificates and the Class 2-PO Certificates on a pro rata basis based
      on their respective Certificate Principal Balances.

     

    Notwithstanding
      the foregoing, with respect to Collateral Pool 1, (i) any Realized Loss
      (including any Excess Loss) or any Extraordinary Trust Fund Expense that is
      allocated to the Class 1-A1A Certificates and Class 1-A1B Certificates will
      be
      allocated between such classes on a pro rata basis; provided that any
      Realized Losses (other than any Excess Losses) so allocated to the Class 1-A1A
      Certificates and Class 1-A1B Certificates will be allocated first to the Class
      1-A1B Certificates until the Certificate Principal Balance thereof has been
      reduced to zero and then to the Class 1-A1A Certificates.  Any
      Realized Loss (including any Excess Loss) or any Extraordinary Trust Fund
      Expense that is allocated to the Class 1-A2A Certificates and Class 1-A23B
      Certificates will be allocated between such classes on a pro rata basis
      (based on the Certificate Principal Balance of the Class 1-A2A Certificates
      and
      the Component Principal Balance of the 1-A2B Component); provided that any
      Realized Losses (other than any Excess Losses) so allocated to the Class 1-A2A
      Certificates and Class 1-A23B Certificates will be allocated first to the Class
      1-A23B Certificates to the extent of the Component Principal Balance of the
      1-A2B Component until the Component Principal Balance of the 1-A2B Component
      has
      been reduced to zero and then to the Class 1-A2A Certificates.  Any
      Realized Loss (including any Excess Loss) or any Extraordinary Trust Fund
      Expense that is allocated to the Class 1-A23A Certificates and Class 1-A3B
      Certificates will be allocated between such classes on a pro rata
      basis; provided that any Realized Losses (other than any Excess Losses) so
      allocated to the Class 1-A3A Certificates and Class 1-A23B Certificates to
      the
      extent of the Component Principal Balance of the 1-A3B Component until the
      Component Principal Balance of the 1-A3B Component has been reduced to zero
      and
      then to the Class 1-A3A Certificates.  Any Realized Loss
      (including any Excess Loss) or any Extraordinary Trust Fund Expense that is
      allocated to the Class 1-A4A Certificates and Class 1-A4B Certificates will
      be
      allocated between such classes on a pro rata basis; provided that any
      Realized Losses (other than any Excess Losses) so allocated to the Class 1-A4A
      Certificates and Class 1-A4B Certificates will be allocated first to the Class
      1-A4B Certificates until the Certificate Principal Balance
      thereof  has been reduced to zero and then to the Class 1-A4A
      Certificates

     

    Notwithstanding
      the foregoing, with respect to Collateral Pool 2, any Realized Loss (including
      any Excess
      Loss) or any Extraordinary Trust Fund Expense that is allocated to the
Class 2-1A Certificates will be allocated between
      the Class 2-A1
      Certificates and the Class 2-A3 Certificates on a pro rata
      basis; provided that any Realized
      Losses (other than any Excess Losses) so allocated to the Class 2-1A
      Certificates will be allocated
      first to the Class 2-A3 Certificates until the Certificate Principal
      Balance thereof has been reduced
      to zero and then to the Class 2-A1 Certificates.  Any Realized Loss
      (including any Excess Loss) or any Extraordinary Trust Fund Expense that is
      allocated to the Class 2-2A Certificates will be allocated between
      the Class 2-A4
      Certificates and the Class 2-A6 Certificates on a pro rata
      basis; provided that any Realized
      Losses (other than any Excess Losses) so allocated to the Class 2-2A
      Certificates will be allocated
      first to the Class 2-A6 Certificates until the Certificate Principal
      Balance thereof has been reduced
      to zero and then to the Class 2-A4 Certificates.

     

    

    Notwithstanding
      the method of allocation of Realized Losses and Extraordinary Fund Expenses
      above, if any overcollateralization exists when Realized Losses or Extraordinary
      Trust Fund Expenses are to be allocated, such Realized Losses or Extraordinary
      Trust Fund Expenses will be allocated first to the overcollateralization, until
      the overcollateralization is reduced to zero, prior to allocating such Realized
      Losses or Extraordinary Trust Fund Expenses to the Certificates in accordance
      with the priorities set forth above.

     

    As
      used
      herein, an allocation of a Realized Loss or Extraordinary Trust Fund Expense
      on
      a “pro rata basis” among two or more specified Classes of Certificates
      means an allocation on a pro rata basis, among the various Classes so
      specified, to each such Class of Certificates on the basis of their then
      outstanding Certificate Principal Balances prior to giving effect to
      distributions to be made on such Distribution Date. All Realized Losses and
      all
      other losses allocated to a Class of Certificates hereunder will be allocated
      among the Certificates of such Class in proportion to the Percentage Interests
      evidenced thereby. Any allocation of a Realized Loss of Extraordinary Trust
      Fund
      Expense to a Certificate shall be made by reducing the Certificate Principal
      Balance thereof by the amount so allocated as of the Distribution Date following
      the Prepayment Period in which such Realized Loss was incurred.

     

    (c)  Notwithstanding
      anything to the contrary herein, in no event shall the Certificate Principal
      Balance of a Class A Certificate be reduced more than once in respect of any
      particular amount both (i) allocable to such Certificate in respect of Realized
      Losses or Extraordinary Trust Fund Expenses pursuant to Section 4.04 and (ii)
      payable to the Holder of such Certificate pursuant to Section 4.01(a) as a
      portion of the Senior Principal Distribution Amount.

     

    
      	
              SECTION
                4.05  

            	
              Compliance
                with Withholding Requirements.

            

    

     

    Notwithstanding
      any other provision of this Agreement, the Paying Agent shall comply with all
      federal withholding requirements respecting payments to Certificateholders
      of
      interest or original issue discount that the Paying Agent reasonably believes
      are applicable under the Code. The consent of Certificateholders shall not
      be
      required for such withholding. In the event the Paying Agent does withhold
      any
      amount from interest or original issue discount payments or advances thereof
      to
      any Certificateholder pursuant to federal withholding requirements, the Paying
      Agent shall indicate the amount withheld to such
      Certificateholders.

     

    
      	
              SECTION
                4.06  

            	
              Commission
                Reporting.

            

    

     

    (a)  (i)  Within
      15 calendar days after each Distribution Date, the Trust Administrator shall,
      in
      accordance with industry standards, file with the Commission via the Electronic
      Data Gathering and Retrieval System (“EDGAR”), a distribution report on Form
      10-D, signed by the Master Servicer, with a copy of the monthly statement to
      be
      furnished by the Trust Administrator to the Certificateholders for such
      Distribution Date.  Any disclosure in addition to the monthly
      statement required to be included on the Form 10-D (“Additional Form 10-D
      Disclosure”) shall be determined and prepared by the entity that is indicated in
      Exhibit B as the responsible party for providing that information, and shall
      be
      reported by such entity to the Depositor and the Trust Administrator and
      approved by the Depositor.  The Trust Administrator shall have no duty
      or liability for any failure hereunder to determine or prepare any Additional
      Form 10-D Disclosure absent such reporting (other than in the case where the
      Trust Administrator is the reporting party as set forth in Exhibit B) and
      approval, and the Trust Administrator will have no duty or liability to verify
      the accuracy or sufficiency of any such Additional Form 10-D Disclosure (except
      in any case where the Trust Administrator is the responsible party for providing
      that information pursuant to Exhibit B).

     

    Within
      5
      calendar days after the related Distribution Date (or if not a Business Day,
      the
      immediately preceding Business Day), each entity that is indicated in Exhibit
      B
      as the responsible party for providing Additional Form 10-D Disclosure shall
      be
      required to provide to the Trust Administrator and the Depositor, to the extent
      known, in EDGAR-compatible format, or in such other form as otherwise agreed
      upon by the Trust Administrator and the Depositor and such party, and clearly
      identifying which item of Form 10-D the information relates to, any Additional
      Form 10-D Disclosure, if applicable.  The Trust Administrator shall
      compile the information provided to it, prepare the Form 10-D and forward the
      Form 10-D to the Depositor.  The Depositor will approve, as to form
      and substance, or disapprove, as the case may be, the Additional Form 10-D
      Disclosure.

     

    After
      preparing the Form 10-D, the Trust Administrator shall forward electronically
      a
      copy of the Form 10-D to the Depositor (in every case where the Form 10-D
      includes Additional 10-D Disclosure and otherwise if requested by the Depositor)
      and the Master Servicer for review.  Within two Business Days after
      receipt of such copy, but no later than the 12th calendar day after the
      Distribution Date (provided that, the Trust Administrator shall have forwarded
      a
      copy of the Form 10-D no later than the 10th calendar after the Distribution
      Date), the Depositor shall notify the Trust Administrator in writing (which
      may
      be furnished electronically) of any changes to or approval of such Form
      10-D.  In the absence of receipt of any written changes or approval,
      the Trust Administrator shall be entitled to assume that such Form 10-D is
      in
      final form and the Trust Administrator may proceed with arrangements for the
      execution of, and filing of, the Form 10-D.  No later than 2 Business
      Days prior to the 15th calendar day after the related Distribution Date, a
      duly
      authorized officer of the Master Servicer shall sign the Form 10-D and return
      an
      electronic or fax copy of such signed Form 10-D (with an original executed
      hard
      copy to follow by overnight mail) to the Trust Administrator.  If a
      Form 10-D cannot be filed on time or if a previously filed Form 10-D needs
      to be
      amended, the Trust Administrator shall follow the procedures set forth in
      Section 4.06(a)(v). Once the Form 10-D has been filed with the Commission it
      will be available through EDGAR at www.sec.gov.  The Trust
      Administrator will provide copies of the report to investors, free of charge,
      upon request.  The parties to this Agreement acknowledge that the
      performance by the Master Servicer and the Trust Administrator of their
      respective duties under Sections 4.06(a)(i) and (v) related to the timely
      preparation, execution and filing of Form 10-D is contingent upon such parties
      strictly observing all applicable deadlines in the performance of their duties
      under such Sections.  Neither the Master Servicer nor the Trust
      Administrator shall have any liability for any loss, expense, damage, claim
      arising out of or with respect to any failure to properly prepare, execute
      and/or timely file such Form 10-D, where such failure results from the Master
      Servicer’s or the Trust Administrator’s inability or failure to receive, on a
      timely basis, any information from any other party hereto needed to prepare,
      arrange for execution or file such Form 10-D, not resulting from its own
      negligence, bad faith or willful misconduct.

     

    (ii)  Within
      4
      Business Days after the occurrence of an event requiring disclosure on Form
      8-K
      (each such event, a “Reportable Event”), the Trust Administrator shall prepare
      and file, at the direction of the Depositor, on behalf of the Trust, any Form
      8-K, as required by the Exchange Act; provided that, the Depositor shall file
      the initial Form 8-K in connection with the issuance of the
      Certificates.  Any disclosure or information related to a Reportable
      Event or that is otherwise required to be included on Form 8-K (“Form 8-K
      Disclosure Information”) shall be, pursuant to the paragraph immediately below,
      reported by the responsible parties set forth on Exhibit B to the Trust
      Administrator and the Depositor and approved by the Depositor, and the Trust
      Administrator will have no duty or liability for any failure hereunder to
      determine or prepare any Form 8-K absent such reporting (other than in the
      case
      where the Trust Administrator is the reporting party as set forth in Exhibit
      B)
      and approval.

     

    For
      so
      long as the Trust is subject to the Exchange Act reporting requirements, no
      later than 5:00 p.m. New York City time on the 2nd Business Day after the
      occurrence of a Reportable Event (i) the responsible parties set forth in
      Exhibit B shall be required pursuant to Section 4.06(a)(iv) below to provide
      to
      the Trust Administrator and the Depositor, to the extent known by a responsible
      officer thereof, in EDGAR-compatible format, or in such other form as otherwise
      agreed upon by the Trust Administrator and the Depositor and such party, the
      form and substance of any Form 8-K Disclosure Information, if applicable, and
      (ii) the Depositor shall approve, as to form and substance, or disapprove,
      as
      the case may be, the inclusion of the Form 8-K Disclosure Information on Form
      8-K.

     

    After
      preparing the Form 8-K, the Trust Administrator shall forward electronically
      a
      copy of the Form 8-K to the Depositor and the Master Servicer for
      review.  No later than the close of business New York City time on the
      3rd Business Day after the Reportable Event, an officer of the Master Servicer
      shall sign the Form 8-K and, return an electronic or fax copy of such signed
      Form 8-K (with an original executed hard copy to follow by overnight mail)
      to
      the Trust Administrator.  Promptly, but no later than the close of
      business on the 3rd Business Day after the Reportable Event (provided that,
      the
      Trust Administrator shall have forwarded a copy of the Form 8-K no later than
      the 2nd Business Day after the Reportable Event), the Depositor shall notify
      the
      Trust Administrator in writing (which may be furnished electronically) of any
      changes to or approval of such Form 8-K.  In the absence of receipt of
      any written changes or approval, the Trust Administrator shall be entitled
      to
      assume that such Form 8-K is in final form and the Trust Administrator may
      proceed with arrangements for the execution of, and filing of, the Form
      8-K.   If a Form 8-K cannot be filed on time or if a previously
      filed Form 8-K needs to be amended, the Trust Administrator shall follow the
      procedures set forth in Section 4.06(a)(v).  Once the Form 8-K has
      been filed with the Commission it will be available through EDGAR at
      www.sec.gov.  The Trust Administrator will provide copies of the
      report to investors, free of charge, upon request.  The parties to
      this Agreement acknowledge that the performance by Master Servicer and the
      Trust
      Administrator of their respective duties under this Section 4.06(a)(ii) related
      to the timely preparation, execution and filing of Form 8-K is contingent upon
      such parties strictly observing all applicable deadlines in the performance
      of
      their duties under this Section 4.06(a)(ii).  Neither the Master
      Servicer nor the Trust Administrator shall have any liability for any loss,
      expense, damage, claim arising out of or with respect to any failure to properly
      prepare, execute and/or timely file such Form 8-K, where such failure results
      from the Master Servicer’s or the Trust Administrator’s inability or failure to
      receive, on a timely basis, any information from any other party hereto needed
      to prepare, arrange for execution or file such Form 8-K, not resulting from
      its
      own negligence, bad faith or willful misconduct.

     

    (iii)  Within
      90
      days after the end of each fiscal year of the Trust or such earlier date as
      may
      be required by the Exchange Act (the “10-K Filing Deadline”) (it being
      understood that the fiscal year for the Trust ends on December 31st of each
      year), commencing in March 2008, the Trust Administrator shall prepare and
      file
      on behalf of the Trust a Form 10-K, in form and substance as required by the
      Exchange Act.  Each such Form 10-K shall include the following items,
      in each case to the extent they have been delivered to the Trust Administrator
      within the applicable time frames set forth in this Agreement, (I) an Annual
      Statement of Compliance for the Master Servicer and any Sub-servicer, as
      provided under Section 3.20, (II)(A) the Assessments of Compliance for the
      Master Servicer, each Sub-servicer and subcontractor participating in the
      servicing function, the Trust Administrator, the Paying Agent and the Custodian,
      as provided under Section 3.21, and (B) if the Master Servicer’s, any
      Sub-servicer’s or subcontractor’s participating in the servicing function, the
      Trust Administrator’s, the Paying Agent’s or the Custodian’s Assessments of
      Compliance identifies any material instance of noncompliance, disclosure
      identifying such instance of noncompliance, or if the Master Servicer’s, any
      Sub-servicer’s or subcontractor’s participating in the servicing function, the
      Trust Administrator’s, the Paying Agent’s or the Custodian’s Assessments of
      Compliance is not included as an exhibit to such Form 10-K, disclosure that
      such
      report is not included and an explanation why such report is not included,
      (III)(A) the Attestation Report for the Master Servicer, each Sub-servicer
      and
      subcontractor participating in the servicing function, the Trust Administrator,
      the Paying Agent and the Custodian, as provided under Section 3.21, and (B)
      if
      any Attestation Report rendered as contemplated under Section 3.21 identifies
      any material instance of noncompliance, disclosure identifying such instance
      of
      noncompliance, or if any such Attestation Report is not included as an exhibit
      to such Form 10-K, disclosure that such report is not included and an
      explanation why such report is not included, and (IV) a Master Servicer
      Certification in the form prescribed by Exhibit H (provided, however, that
      the
      Trust Administrator, at its discretion, may omit from the Form 10-K any annual
      compliance statement, assessment of compliance or attestation report that is
      not
      required to be filed with such Form 10-K pursuant to Regulation AB). Any
      disclosure or information in addition to (I) through (IV) above that is required
      to be included on Form 10-K (“Additional Form 10-K Disclosure”) shall be,
      pursuant to the paragraph immediately below, reported by the responsible parties
      set forth on Exhibit B to the Trust Administrator and the Depositor and approved
      by the Depositor, and the Trust Administrator will have no duty or liability
      for
      any failure hereunder to determine or prepare any Additional Form 10-K
      Disclosure absent such reporting (other than in the case where the Trust
      Administrator is the reporting party as set forth in Exhibit B) and
      approval.

     

    No
      later
      than March 15th of each year that the Trust is subject to the Exchange Act
      reporting requirements, commencing in 2008, (A) the responsible parties set
      forth in Exhibit B shall be required to provide pursuant to Section 4.06(a)(iv)
      below to the Trust Administrator and the Depositor, to the extent known by
      a
      responsible officer thereof, in EDGAR-compatible format, or in such other form
      as otherwise agreed upon by the Trust Administrator and the Depositor and such
      party, the form and substance of any Additional Form 10-K Disclosure, if
      applicable, and (ii) the Depositor will approve, as to form and substance,
      or
      disapprove, as the case may be, the inclusion of the Additional Form 10-K
      Disclosure on Form 10-K.

     

    After
      preparing the Form 10-K, the Trust Administrator shall forward electronically
      a
      copy of the Form 10-K to the Depositor and the Master Servicer for
      review.  Within 3 Business Days after receipt of such copy, but no
      later than March 25th (provided that, the Trust Administrator forwards a copy
      of
      the Form 10-K no later than the 3rd Business Day prior to March 25th), the
      Depositor shall notify the Trust Administrator in writing (which may be
      furnished electronically) of any changes to or approval of such Form
      10-K.  In the absence of receipt of any written changes or approval,
      the Trust Administrator shall be entitled to assume that such Form 10-K is
      in
      final form and the Trust Administrator may proceed with the execution and filing
      of the Form 10-K.  No later than 12:00 p.m. Eastern Standard time on
      the 4th Business Day prior to the 10-K Filing Deadline, an officer of the Master
      Servicer in charge of the master servicing function shall sign the Form 10-K
      and
      return an electronic or fax copy of such signed Form 10-K (with an original
      executed hard copy to follow by overnight mail) to the Trust
      Administrator.  If a Form 10-K cannot be filed on time or if a
      previously filed Form 10-K needs to be amended, the Trust Administrator will
      follow the procedures set forth in Section 4.06(a)(v).  Once the Form
      10-K has been filed with the Commission it will be available through EDGAR
      at
      www.sec.gov.  The Trust Administrator will provide copies of the
      report to investors, free of charge, upon request.  The parties to
      this Agreement acknowledge that the performance by the Master Servicer and
      the
      Trust Administrator of their respective duties under Sections
      4.06(a)(iii)  through (v) related to the timely preparation, execution
      and filing of Form 10-K is contingent upon such parties strictly observing
      all
      applicable deadlines in the performance of their duties under such Sections
      and
      under Section 3.20 and Section 3.21.  Neither the Master Servicer nor
      the Trust Administrator shall have any liability for any loss, expense, damage,
      claim arising out of or with respect to any failure to properly prepare, execute
      and/or timely file such Form 10-K, where such failure results from the Master
      Servicer’s or the Trust Administrator’s inability or failure to receive, on a
      timely basis, any information from any other party hereto needed to prepare,
      arrange for execution or file such Form 10-K, not resulting from its own
      negligence, bad faith or willful misconduct.

     

    The
      Master Servicer shall deliver the Master Servicer Certification, executed by
      an
      officer of the Master Servicer in charge of the master servicing function,
      to
      the Trust Administrator not later than March 15th of each year in which the
      Trust is subject to the reporting requirements of the Exchange
      Act.   (b)In connection with the filing of any 10-K hereunder, in
      the case where the Master Servicer and Trust Administrator are not affiliated,
      the Trust Administrator shall sign a Back-Up Certification substantially in
      the
      form of Exhibit I; provided, however, that the Trust Administrator shall not
      be
      required to undertake an analysis of any accountant’s report attached as an
      exhibit to the Form 10-K.

     

    (iv)  With
      respect to any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure
      or any Form 8-K Disclosure Information (collectively, the “Additional
      Disclosure”) relating to the Trust Fund, the Trust Administrator’s obligation to
      include such Additional Disclosure in the applicable Exchange Act report is
      subject to receipt from the entity that is indicated in Exhibit B as the
      responsible party for providing that information, if other than the Trust
      Administrator, as and when required as described in Section 4.06(a)(i) through
      (iii) above.  Each of the Master Servicer, Sponsor, Trust
      Administrator and Depositor hereby agrees to notify and provide to the extent
      known to the Master Servicer, the Sponsor, the Trust Administrator and the
      Depositor all Additional Disclosure relating to the Trust Fund, with respect
      to
      which such party is indicated in Exhibit B as the responsible party for
      providing that information.

     

    So
      long
      as the Depositor is subject to the filing requirements of the Exchange Act
      with
      respect to the Trust Fund, the Trustee shall notify the Trust Administrator
      and
      the Depositor of any bankruptcy or receivership with respect to the Trustee
      or
      of any proceedings of the type described under Item 1117 of Regulation AB that
      have occurred as of the related Due Period, together with a description thereof,
      no later than the date on which such information is required of other parties
      hereto as set forth under this Section 4.06.  In addition, the Trustee
      shall notify the Trust Administrator and the Depositor of any affiliations
      or
      relationships that develop after the Closing Date between the Trustee and the
      Depositor, the Sponsor, the Trust Administrator, the Master Servicer, the
      Servicer or the Custodian of the type described under Item 1119 of Regulation
      AB, together with a description thereof, no later than the date on which such
      information is required of other parties hereto as set forth under this Section
      4.06.

     

    The
      Master Servicer shall be responsible for determining the pool concentration
      applicable to any Sub-Servicer to which any of the Master Servicer’s
      responsibilities with respect to the Mortgage Loans have been delegated at
      any
      time, for purposes of disclosure as required by Items 1117 and 1119 of
      Regulation AB.  The Trust Administrator will provide electronic or
      paper copies of all Form 10-D, 8-K and 10-K filings free of charge to any
      Certificateholder upon written request.  Any expenses incurred by the
      Trust Administrator in connection with the previous sentence shall be
      reimbursable to the Trust Administrator out of the Trust Fund.

     

    (v)  (A)           On
      or prior to January 30th of the first year in which the Trust Administrator
      is
      able to do so under applicable law, the Trust Administrator shall prepare and
      file a Form 15 relating to the automatic suspension of reporting in respect
      of
      the Trust under the Exchange Act.

     

    (B)           In
      the event that the Trust Administrator is unable to timely file with the
      Commission all or any required portion of any Form 8-K, 10-D or 10-K required
      to
      be filed by this Agreement because required disclosure information was either
      not delivered to it or delivered to it after the delivery deadlines set forth
      in
      this Agreement or for any other reason, the Trust Administrator shall promptly
      notify the Depositor and the Master Servicer.  In the case of Form
      10-D and 10-K, the Depositor, the Master Servicer and the Trust Administrator
      shall cooperate to prepare and file a Form 12b-25 and a 10-DA and 10-KA as
      applicable, pursuant to Rule 12b-25 of the Exchange Act.  In the case
      of Form 8-K, the Trust Administrator will, upon receipt of all required Form
      8-K
      Disclosure Information and upon the approval and direction of the Depositor,
      include such disclosure information on the next Form 10-D.  In the
      event that any previously filed Form 8-K, 10-D or 10-K needs to be amended,
      and
      such amendment relates to any Additional Disclosure, the Trust Administrator
      shall notify the Depositor and the parties affected thereby and such parties
      will cooperate to prepare any necessary Form 8-KA, 10-DA or
      10-KA.  Any Form 15, Form 12b-25 or any amendment to Form 8-K, 10-D or
      10-K shall be signed by a duly authorized officer of the Master
      Servicer.  The parties hereto acknowledge that the performance by the
      Master Servicer and the Trust Administrator of their respective duties under
      this Section 4.06(a)(v) related to the timely preparation, execution and filing
      of Form 15, a Form 12b-25 or any amendment to Form 8-K, 10-D or 10-K is
      contingent upon the Master Servicer and the Depositor timely performing their
      duties under this Section.  Neither the Master Servicer nor the Trust
      Administrator shall have any liability for any loss, expense, damage, claim
      arising out of or with respect to any failure to properly prepare, execute
      and/or timely file any such Form 15, Form 12b-25 or any amendments to Form
      8-K,
      10-D or 10-K, where such failure results from the Master Servicer’s or the Trust
      Administrator’s inability or failure to receive, on a timely basis, any
      information from any other party hereto needed to prepare, arrange for execution
      or file such Form 15, Form 12b-25 or any amendments to Form 8-K, 10-D or 10-K,
      not resulting from its own negligence, bad faith or willful
      misconduct.

     

    The
      Depositor agrees to promptly furnish to the Trust Administrator, from time
      to
      time upon request, such further information, reports and financial statements
      within its control related to this Agreement or the Mortgage Loans as the Trust
      Administrator reasonably deems appropriate to prepare and file all necessary
      reports with the Commission. The Trust Administrator shall have no
      responsibility to file any items other than those specified in this Section
      4.06; provided, however, the Trust Administrator shall cooperate with the
      Depositor in connection with any additional filings with respect to the Trust
      Fund as the Depositor deems necessary under the Exchange Act.  Fees
      and expenses incurred by the Trust Administrator in connection with this Section
      4.06 shall not be reimbursable from the Trust Fund.

     

    (b)  Without
      limiting any other indemnification provided pursuant to any other Section of
      this Agreement, the Trust Administrator shall indemnify and hold harmless,
      the
      Depositor and the Master Servicer and each of their respective officers,
      directors and affiliates from and against any losses, damages, penalties, fines,
      forfeitures, reasonable and necessary legal fees and related costs, judgments
      and other costs and expenses arising out of or based upon a breach of the Trust
      Administrator’s obligations under Sections 3.21 or 4.06 or the Trust
      Administrator’s negligence, bad faith or willful misconduct in connection
      therewith. In addition, the Trust Administrator shall indemnify and hold
      harmless the Depositor and each of its officers, directors and affiliates and
      the Master Servicer from and against any losses, damages, penalties, fines,
      forfeitures, reasonable and necessary legal fees and related costs, judgments
      and other costs and expenses that (i) arise out of or are based upon any untrue
      statement or alleged untrue statement of any material fact contained in any
      Back-Up Certification, the Assessment of Compliance, any Additional Disclosure
      or other information provided by the Trust Administrator pursuant to Section
      3.21 or 4.06 (the “Trust Administrator Information”), or (ii) arise out of or
      are based upon the omission or alleged omission to state therein a material
      fact
      required to be stated therein or necessary to make the statements therein,
      in
      light of the circumstances in which they were made, not misleading; provided,
      by
      way of clarification, that clause (ii) of this paragraph shall be construed
      solely by reference to the Trust Administrator Information and not to any other
      information communicated in connection with the Certificates, without regard
      to
      whether the Trust Administrator Information or any portion thereof is presented
      together with or separately from such other information.

     

    Without
      limiting any other indemnification provided pursuant to any other Section of
      this Agreement, the Master Servicer shall indemnify and hold harmless the Trust
      Administrator and the Depositor and each of its respective officers, directors
      and affiliates from and against any losses, damages, penalties, fines,
      forfeitures, reasonable and necessary legal fees and related costs, judgments
      and other costs and expenses arising out of or based upon a breach of the
      obligations of the Master Servicer under Sections 3.20, 3.21 and 4.06 or the
      Master Servicer’s negligence, bad faith or willful misconduct in connection
      therewith In addition, the Master Servicer shall indemnify and hold harmless
      the
      Depositor and each of its officers, directors and affiliates from and against
      any losses, damages, penalties, fines, forfeitures, reasonable and necessary
      legal fees and related costs, judgments and other costs and expenses arising
      out
      of or based upon (i) arise out of or are based upon any untrue statement or
      alleged untrue statement of any material fact contained in the Master Servicer
      Certification, the Annual Statement of Compliance, the Assessment of Compliance,
      any Additional Disclosure or other information provided by the Master Servicer
      pursuant to Section 3.20, 3.21 or 4.06 (the “Master Servicer Information”), or
      (ii) arise out of or are based upon the omission or alleged omission to state
      therein a material fact required to be stated therein or necessary to make
      the
      statements therein, in light of the circumstances in which they were made,
      not
      misleading; provided, by way of clarification, that clause (ii) of this
      paragraph shall be construed solely by reference to the Master Servicer
      Information and not to any other information communicated in connection with
      the
      Certificates, without regard to whether the Master Servicer Information or
      any
      portion thereof is presented together with or separately from such other
      information.

     

    In
      addition, without limiting any other indemnification provided pursuant to any
      other Section of this Agreement, the Paying Agent shall indemnify and hold
      harmless the Depositor and its officers, directors and Affiliates from and
      against any actual losses, damages, penalties, fines, forfeitures, reasonable
      and necessary legal fees and related costs, judgments and other costs and
      expenses arising out of third party claims based upon a breach of the Paying
      Agent’s obligations under Section 4.06.  If the indemnification
      provided for under this paragraph is unavailable or insufficient to hold
      harmless the Depositor, then the Paying Agent agrees that it shall contribute
      to
      the amount paid or payable by the Depositor as a result of the losses, claims,
      damages or liabilities of the Depositor in such proportion as is appropriate
      to
      reflect the relative fault of the Depositor on the one hand and the Paying
      Agent
      on the other. Notwithstanding the foregoing, in no event shall the Paying Agent
      be liable under this paragraph for any consequential, indirect or punitive
      damages.

     

    
      	
              SECTION
                4.07  

            	
              Distributions
                and Allocations of Realized Losses on the REMIC Regular
                Interests.

            

    

     

    With
      respect to the Group 1 Mortgage Loans:

    

    REMIC
      I-A

    

    (a)           Interest
      shall be payable to the REMIC I-A Regular Interests at the REMIC I-A Remittance
      Rate for each such REMIC I-A Regular Interest on the related Uncertificated
      Balance;

     

    (b)           Distributions
      of principal shall be deemed to be made from amounts received on the Group
      1
      Mortgage Loans to the REMIC I-A Regular Interests, first, so as to keep the
      Uncertificated Balance of each REMIC I-A Regular Interest ending with the
      designation “B” equal to 10% of the aggregate Scheduled Principal Balance of the
      Mortgage Loans in the related Loan Group; second, to each REMIC I-A Regular
      Interest ending with the designation “A,” so that the Uncertificated Balance of
      each such REMIC I-A Regular Interest is equal to 10% of the excess of (x) the
      aggregate Scheduled Principal Balance of the Mortgage Loans in the related
      Loan
      Group over (y) the Certificate Principal Balance of the related Senior
      Certificates or Component (except that if any such excess is a larger number
      than in the preceding distribution period, the least amount of principal shall
      be distributed to such REMIC I-A Regular Interests such that the REMIC I-A
      Subordinated Balance Ratio is maintained); and third, any remaining principal
      to
      REMIC I-A Regular Interest LT-ZZ; and

     

    (c)           On
      each Distribution Date, 100% of the amount paid in respect of prepayment charges
      on the Group 1 Mortgage Loans shall be paid to REMIC I-A Regular Interest LT-P
      and on the Distribution Date immediately following the expiration of the latest
      prepayment charge on a Group 1 Mortgage Loan, as identified on the Prepayment
      Charge Schedule or any Distribution Date thereafter, $100 shall be distributed
      to REMIC I-A Regular Interest LT-P pursuant to this clause.

     

    (d)          
      Any remaining amount to the Class 1-R Certificates (in respect of the Class
      R-IA
      Interest).

     

    (e)          
      Realized Losses on the Group 1 Mortgage Loans shall be applied after
      all
      distributions have been made on each Distribution Date first, so as to keep
      the
      Uncertificated Balance of each REMIC I-A Regular Interest ending with the
      designation “B” equal to 10% of the aggregate Scheduled Principal Balance of the
      Mortgage Loans in the related Loan Group; second, to each REMIC I-A Regular
      Interest ending with the designation “A,” so that the Uncertificated Principal
      Balance of each such REMIC I-A Regular Interest is equal to 10% of the excess
      of
      (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the
      related Loan Group over (y) the Certificate Principal Balance of the related
      Senior Certificates or Components (except that if any such excess is a larger
      number than in the preceding distribution period, the least amount of Realized
      Losses shall be applied to such REMIC I-A Regular Interests such that the REMIC
      I-A Subordinated Balance Ratio is maintained); and third, any remaining Realized
      Losses on the Mortgage Loans shall be allocated to REMIC I-A Regular Interest
      LT-ZZ. Interest shall be payable to the REMIC I-A Regular Interests at the
      REMIC
      I-A Remittance Rate for each such REMIC I-A Regular Interest on the related
      Uncertificated Balance.

     

    

    REMIC
      I-B

    

    (a)           Interest
      shall be payable to the REMIC I-B Regular Interests at the REMIC I-B Remittance
      Rate for each such REMIC I-B Regular Interest on the related Uncertificated
      Balance;

     

    (b)           Distributions
      of principal shall be deemed to be made to the REMIC I-B Regular Interests
      in
      the same manner and priority as such distributions are made to the Corresponding
      Certificates; and

     

    (c)           On
      each Distribution Date, 100% of the amount paid in respect of prepayment charges
      on the Group 1 Mortgage Loans shall be paid to REMIC I-B Regular Interest LT-I-P
      and on the Distribution Date immediately following the expiration of the latest
      prepayment charge on a Group 1 Mortgage Loan, as identified on the Prepayment
      Charge Schedule or any Distribution Date thereafter, $100 shall be distributed
      to REMIC I-B Regular Interest LT-I-P pursuant to this clause.

     

    (d)          Any
      remaining amount to the Class 1-R Certificates (in respect of the Class R-IB
      Interest).

     

    (e)           Realized
      Losses on the Group 1 Mortgage Loans shall be applied to the REMIC I-B Regular
      Interests in the same manner and priority as such Realized Losses are applied
      to
      the Corresponding Certificates.

     

    With
      respect to the Group 2 Mortgage Loans:

    

    REMIC
      II-A

    

    (a)           Interest
      shall be payable to the REMIC II-A Regular Interests at the REMIC II-A
      Remittance Rate for each such REMIC II-A Regular Interest on the related
      Uncertificated Balance;

     

    (b)           Principal
      received on Class PO Mortgage Loans in Subgroup 2-1 shall be allocated (i)
      to
      REMIC II-A Regular Interest LT-2-1A and REMIC II-A Regular Interest LT-2-1B,
      so
      that the Uncertificated Balance of each such REMIC I-B Regular Interest is
      equal
      to 10% of the excess of (x) the aggregate Scheduled Principal Balance of the
      Mortgage Loans and Mortgage Loan Components in the Corresponding Subgroup over
      (y) the current Certificate Principal Balance of the Senior Certifiacates in
      the
      Corresponding Subgroup (except that if any such excess is a larger number than
      in the preceding distribution period, the least amount of principal shall be
      distributed to such REMIC I-B Regular Interests such that the REMIC I-B
      Subordinated Balance Ratio is maintained) and (ii) REMIC II-A Regular Interest
      LT-PO1, in the same proportion as the Non-Class PO Percentage and the Class
      PO-Percentage, respectively;

     

    (c)           Principal
      received on Group 2-1 Mortgage Loans with an Expense Adjusted Mortgage Rate
      greater than or equal to 6.50% per annum and less than 7.00% per annum shall
      be
      allocated (i) to REMIC II-A Regular Interest LT-2-1A and REMIC II-A Regular
      Interest LT-2-1B, so that the Uncertificated Balance of each such REMIC I-B
      Regular Interest is equal to 10% of the excess of (x) the aggregate Scheduled
      Principal Balance of the Mortgage Loans and Mortgage Loan Components in the
      Corresponding Subgroup over (y) the current Certificate Principal Balance of
      the
      Senior Certifiacates in the Corresponding Subgroup (except that if any such
      excess is a larger number than in the preceding distribution period, the least
      amount of principal shall be distributed to such REMIC I-B Regular Interests
      such that the REMIC I-B Subordinated Balance Ratio is maintained) and (ii)
      to
      REMIC II-A Regular Interest LT-2-2A and REMIC II-A Regular Interest LT-2-2B,
      so
      that the Uncertificated Balance of each such REMIC I-B Regular Interest is
      equal
      to 10% of the excess of (x) the aggregate Scheduled Principal Balance of the
      Mortgage Loans and Mortgage Loan Components in the Corresponding Subgroup over
      (y) the current Certificate Principal Balance of the Senior Certifiacates in
      the
      Corresponding Subgroup (except that if any such excess is a larger number than
      in the preceding distribution period, the least amount of principal shall be
      distributed to such REMIC I-B Regular Interests such that the REMIC I-B
      Subordinated Balance Ratio is maintained), in the same proportion as the
      Applicable Fractions divide such Mortgage Loans; and

     

    (d)           Principal
      received on Group 2-1 Mortgage Loans with an Expense Adjusted Mortgage Rate
      greater than or equal to 7.00% per annum shall be allocated to REMIC II-A
      Regular Interest LT-2-2A and REMIC II-A Regular Interest LT-2-2B, so that the
      Uncertificated Balance of each such REMIC I-B Regular Interest is equal to
      10%
      of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage
      Loans and Mortgage Loan Components in the Corresponding Subgroup over (y) the
      current Certificate Principal Balance of the Senior Certifiacates in the
      Corresponding Subgroup (except that if any such excess is a larger number than
      in the preceding distribution period, the least amount of principal shall be
      distributed to such REMIC I-B Regular Interests such that the REMIC I-B
      Subordinated Balance Ratio is maintained).

     

    (e)           On
      each Distribution Date, 100% of the amount paid in respect of prepayment charges
      on the Group 1 Mortgage Loans shall be paid to REMIC II-A Regular Interest
      LT-2-P and on the Distribution Date immediately following the expiration of
      the
      latest prepayment charge on a Group 2 Mortgage Loan, as identified on the
      Prepayment Charge Schedule or any Distribution Date thereafter, $100 shall
      be
      distributed to REMIC II-A Regular Interest LT-2-P pursuant to this
      clause.

     

    (f)          
      Any remaining amount to the Class 2-R Certificates (in respect of the Class
      R-IIA Interest).

     

    

    (g)           Realized
      Losses on Class PO Mortgage Loans in Subgroup 2-1 shall be allocated (i) to
      REMIC II-A Regular Interest LT-2-1A and REMIC II-A Regular Interest LT-2-1B,
      so
      that the Uncertificated Balance of each such REMIC I-B Regular Interest is
      equal
      to 10% of the excess of (x) the aggregate Scheduled Principal Balance of the
      Mortgage Loans and Mortgage Loan Components in the Corresponding Subgroup over
      (y) the current Certificate Principal Balance of the Senior Certifiacates in
      the
      Corresponding Subgroup (except that if any such excess is a larger number than
      in the preceding distribution period, the least amount of shall be allocated
      to
      such REMIC I-B Regular Interests such that the REMIC I-B Subordinated Balance
      Ratio is maintained) and (ii) REMIC II-A Regular Interest LT-PO1, in the same
      proportion as the Non-Class PO Percentage and the Class PO-Percentage,
      respectively;

     

    (h)           Realized
      Losses on Group 2-1 Mortgage Loans with an Expense Adjusted Mortgage Rate
      greater than or equal to 6.50% per annum and less than 7.00% per annum shall
      be
      allocated (i) to REMIC II-A Regular Interest LT-2-1A and REMIC II-A Regular
      Interest LT-2-1B, so that the Uncertificated Balance of each such REMIC I-B
      Regular Interest is equal to 10% of the excess of (x) the aggregate Scheduled
      Principal Balance of the Mortgage Loans and Mortgage Loan Components in the
      Corresponding Subgroup over (y) the current Certificate Principal Balance of
      the
      Senior Certifiacates in the Corresponding Subgroup (except that if any such
      excess is a larger number than in the preceding distribution period, the least
      amount shall be allocated to such REMIC I-B Regular Interests such that the
      REMIC I-B Subordinated Balance Ratio is maintained) and (ii) to REMIC II-A
      Regular Interest LT-2-2A and REMIC II-A Regular Interest LT-2-2B, so that the
      Uncertificated Balance of each such REMIC I-B Regular Interest is equal to
      10%
      of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage
      Loans and Mortgage Loan Components in the Corresponding Subgroup over (y) the
      current Certificate Principal Balance of the Senior Certifiacates in the
      Corresponding Subgroup (except that if any such excess is a larger number than
      in the preceding distribution period, the least amount shall be allocated to
      such REMIC I-B Regular Interests such that the REMIC I-B Subordinated Balance
      Ratio is maintained), in the same proportion as the Applicable Fractions divide
      such Mortgage Loan; and

     

    (i)           Realized
      Losses Group 2-1 Mortgage Loans with an Expense Adjusted Mortgage Rate greater
      than or equal to 7.00% per annum shall be allocated to REMIC II-A Regular
      Interest LT-2-2A and REMIC II-A Regular Interest LT-2-2B, so that the
      Uncertificated Balance of each such REMIC I-B Regular Interest is equal to
      10%
      of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage
      Loans and Mortgage Loan Components in the Corresponding Subgroup over (y) the
      current Certificate Principal Balance of the Senior Certifiacates in the
      Corresponding Subgroup (except that if any such excess is a larger number than
      in the preceding distribution period, the least amount shall be allocated to
      such REMIC I-B Regular Interests such that the REMIC I-B Subordinated Balance
      Ratio is maintained).

     

    REMIC
      II-B

     

    

    (a)           Interest
      shall be payable to the REMIC II-B Regular Interests at the REMIC II-B
      Remittance Rate for each such REMIC II-B Regular Interest on the related
      Uncertificated Balance;

     

    (b)           Distributions
      of principal shall be deemed to be made to the REMIC II-B Regular Interests
      in
      the same manner and priority as such distributions are made to the Corresponding
      Certificates; and

     

    (c)           On
      each Distribution Date, 100% of the amount paid in respect of prepayment charges
      on the Group 2 Mortgage Loans shall be paid to REMIC II-B Regular Interest
      2-LTP
      and on the Distribution Date immediately following the expiration of the latest
      prepayment charge on a Group 2 Mortgage Loan, as identified on the Prepayment
      Charge Schedule or any Distribution Date thereafter, $100 shall be distributed
      to REMIC II-B Regular Interest 2-LTP pursuant to this clause.

     

    (d)         
      Any remaining amount to the Class 2-R Certificates (in respect of the Class
      R-IIB Interest).

     

    (e)           Realized
      Losses on the Group 2 Mortgage Loans shall be applied to the REMIC II-B Regular
      Interests in the same manner and priority as such Realized Losses are applied
      to
      the Corresponding Certificates.

     

    
      	
              SECTION
                4.08  

            	
              Cap
                Account

            

    

     

    (a)  No
      later
      than the Closing Date, the Cap Trustee shall establish and maintain with itself
      or the Cap Administrator, a separate, segregated trust account titled,
“Citibank, N.A., as Cap Trustee, in trust for the registered holders of
      Citigroup Mortgage Loan Trust 2007-6, Mortgage-Pass Through Certificates, Series
      2007-6—Cap Account.” Such account shall be an Eligible Account and amounts
      therein shall be held uninvested.

     

    (b)  Prior
      to
      each Distribution Date, pursuant to the Cap Administration Agreement, prior
      to
      any distribution to any Offered Certificate, the Cap Administrator on behalf
      of
      the Cap Trustee shall deposit into the Cap Account amounts received by it under
      the Interest Rate Cap Agreement, for distribution to the Class 2-A1
      Certificates.

     

    (c)  It
      is the
      intention of the parties hereto that, for federal and state income and state
      and
      local franchise tax purposes, the Cap Account be disregarded as an entity
      separate from the Holder of the Class 2-A1 Certificates unless and until the
      date when either (a) there is more than one Class 2-A1 Certificateholder or
      (b)
      any Class of Certificates in addition to the Class 2-A1 Certificates is
      recharacterized as an equity interest in the Cap Account for federal income
      tax
      purposes, in which case it is the intention of the parties hereto that, for
      federal and state income and state and local franchise tax purposes, the Cap
      Account be treated as a partnership.  Upon the termination of the
      Trust Fund, or the payment in full of the Offered Certificates, all amounts
      remaining on deposit in the Cap Account shall be released by the Trust Fund
      and
      distributed to the Class 2-A1 Certificateholders or their
      designees.  The Cap Account shall be part of the Trust Fund but not
      part of any Trust REMIC and any payments to the Holders of the Offered
      Certificates of Net WAC Rate Carryover Amounts will not be payments with respect
      to a “regular interest” in a REMIC within the meaning of Code Section
      860(G)(a)(1).

     

    By
      accepting a Class 2-A1 Certificate, each Class 2-A1 Certificateholder hereby
      agrees to direct the Paying Agent, and the Paying Agent is hereby directed,
      to
      deposit into the Cap Account the amounts described above on each Distribution
      Date.

     

    Upon
      the
      occurrence or designation of an Early Termination Date (as defined in the
      Interest Rate Cap Agreement)  other than in connection with the
      optional termination of the trust, the Cap Trustee will use reasonable efforts
      to appoint a successor interest rate cap provider to enter into a new interest
      rate cap agreement on terms substantially similar to the Interest Rate Cap
      Agreement, with a successor interest rate cap provider meeting all applicable
      eligibility requirements.  The Cap Trustee will apply any termination
      payment received from the original Interest Rate Cap Provider in connection
      with
      such early termination to the upfront payment required to appoint the successor
      interest rate cap provider.

     

    If
      the
      Cap Trustee is unable to appoint a successor interest rate cap provider within
      30 days of the early termination, then the Cap Trustee will deposit any
      termination payment received from the original Interest Rate Cap Provider into
      a
      separate, non-interest bearing reserve account and will, on each subsequent
      Distribution Date, withdraw from the amount then remaining on deposit in such
      reserve account an amount equal to the payment, if any, that would have been
      paid to the Cap Trustee by the original Interest Rate Cap Provider calculated
      in
      accordance with the terms of the original Interest Rate Cap Agreement, and
      distribute such amount in accordance with the terms of the Pooling and Servicing
      Agreement.

     

    Upon
      an
      Interest Rate Cap Agreement early termination in connection with the optional
      termination of the trust, if the Cap Trustee or the Cap Administrator on its
      behalf receives an Interest Rate Cap Agreement termination payment from the
      Interest Rate Cap Provider, such Interest Rate Cap Agreement termination payment
      will be distributed in accordance with the terms of the Cap Administration
      Agreement.

     

    For
      federal tax return and information reporting, the right of the Holders of the
      Offered Certificates to receive payments from the Cap Account in respect of
      any
      Net WAC Rate Carryover Amount shall be assigned a value of zero.

    

     

    
      	
              SECTION
                4.09  

            	
              Interest
                Rate Cap Collateral Account.

            

    

     

    The
      Paying Agent (in its capacity as Cap Trustee) is hereby directed to perform
      the
      obligations of the Custodian as defined under the Interest Rate Cap Credit
      Support Annex (the “Interest Rate Cap Custodian”).  On or before the
      Closing Date, the Interest Rate Cap Custodian shall establish an Interest Rate
      Cap Collateral Account.  The Interest Rate Cap Collateral Account
      shall be held in the name of the Interest Rate Cap Custodian in trust for the
      benefit of the Certificateholders.  The Interest Rate Cap Collateral
      Account must be an Eligible Account and shall be titled “Interest Rate Cap
      Collateral Account, Citibank, N.A., as Interest Rate Cap Custodian for
      registered Certificateholders of Citigroup Mortgage Loan Trust 2007-6, Mortgage
      Pass-Through Certificates, Series 2007-6.”

     

    The
      Interest Rate Cap Custodian shall credit to Interest Rate Cap Collateral Account
      all collateral (whether in the form of cash or securities) posted by the
      Interest Rate Cap Provider to secure the obligations of the Interest Rate Cap
      Provider in accordance with the terms of the Interest Rate Cap
      Agreement.  Except for investment earnings, the Interest Rate Cap
      Provider shall not have any legal, equitable or beneficial interest in the
      Interest Rate Cap Collateral Account other than in accordance with this
      Agreement, the Interest Rate Cap Agreement and applicable law.  The
      Interest Rate Cap Custodian shall maintain and apply all collateral and earnings
      thereon on deposit in the Interest Rate Cap Collateral Account in accordance
      with Interest Rate Cap Credit Support Annex.

     

    Cash
      collateral posted by the Interest Rate Cap Provider in accordance with the
      Interest Rate Cap Credit Support Annex shall be invested at the direction of
      the
      Interest Rate Cap Provider in Permitted Investments in accordance with the
      requirements of the Interest Rate Cap Credit Support Annex.  All
      amounts earned on amounts on deposit in the Interest Rate Cap Collateral Account
      (whether cash collateral or securities) shall be for the account of and taxable
      to the Interest Rate Cap Provider.  If no investment direction is
      provided, such amounts shall remain uninvested.

     

    Upon
      the
      occurrence of an Event of Default, a Termination Event, or an Additional
      Termination Event (each as defined in the Interest Rate Cap Agreement), with
      respect to the Interest Rate Cap Provider or upon occurrence or designation
      of
      an Early Termination Date (as defined in the Interest Rate Cap Agreement) as
      a
      result of any such Event of Default, Termination Event, or Additional
      Termination Event with respect to the Interest Rate Cap Provider, and, in either
      such case, unless the Interest Rate Cap Provider has paid in full all of its
      Obligations (as defined in the Interest Rate Cap Credit Support Annex) that
      are
      then due, then any collateral posted by the Interest Rate Cap Provider in
      accordance with the Interest Rate Cap Credit Support Annex shall be applied
      to
      the payment of any Obligations due to Party B (as defined in the Interest Rate
      Cap Agreement) in accordance with the Interest Rate Cap Credit Support
      Annex.    Any excess amounts held in such Interest Rate Cap
      Collateral Account after payment of all amounts owing to Party B under the
      Interest Rate Cap Agreement shall be withdrawn from the Interest Rate Cap
      Collateral Account and paid to the Interest Rate Cap Provider in accordance
      with
      the Interest Rate Cap Credit Support Annex.

     

    For
      federal tax return and information reporting, the right of the Holders of the
      Offered Certificates to receive payments from the Interest Rate Cap Collateral
      Account in respect of any Net WAC Rate Carryover Amount shall be assigned a
      value of zero.

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      V

     

    THE
      CERTIFICATES

     

    
      	
              SECTION
                5.01  

            	
              The
                Certificates.

            

    

     

    (a)  The
      Certificates in the aggregate will represent the entire beneficial ownership
      interest in the Mortgage Loans and all other assets included in the Trust Fund.
      At the Closing Date, the aggregate Certificate Principal Balance of the
      Certificates will equal the aggregate Stated Principal Balance of the Mortgage
      Loans.

     

    The
      Certificates will be substantially in the forms annexed hereto as Exhibits
      A-1
      through A-34. The Certificates of each Class will be issuable in registered
      form
      only, in denominations of authorized Percentage Interests as described in the
      definition thereof. Each Certificate will share ratably in all rights of the
      related Class.

     

    Upon
      original issue, the Certificates shall be executed by the Paying Agent and
      delivered by the Authenticating Agent to or upon the order of the Depositor.
      The
      Certificates shall be executed and attested by manual or facsimile signature
      on
      behalf of the Paying Agent by an authorized signatory. Certificates bearing
      the
      manual or facsimile signatures of individuals who were at any time the proper
      officers of the Paying Agent  shall bind the Paying Agent,
      notwithstanding that such individuals or any of them have ceased to hold such
      offices prior to the execution, authentication and delivery of such Certificates
      or did not hold such offices at the date of such Certificates. No Certificate
      shall be entitled to any benefit under this Agreement or be valid for any
      purpose, unless there appears on such Certificate a certificate of
      authentication substantially in the form provided herein executed by the
      Authenticating Agent by manual signature, and such certificate of authentication
      shall be conclusive evidence, and the only evidence, that such Certificate
      has
      been duly authenticated and delivered hereunder. All Certificates shall be
      dated
      the date of their authentication.

     

    (b)  The
      Book-Entry Certificates shall initially be issued as one or more Certificates
      held by Book-Entry Custodian or, if appointed to hold such Certificates as
      provided below, the Depository and registered in the name of the Depository
      or
      its nominee and, except as provided below, registration of such Certificates
      may
      not be transferred by the Certificate Registrar except to another Depository
      that agrees to hold such Certificates for the respective Certificate Owners
      with
      Ownership Interests therein. The Certificate Owners shall hold their respective
      Ownership Interests in and to such Certificates through the book-entry
      facilities of the Depository and, except as provided below, shall not be
      entitled to definitive, fully registered Certificates (“Definitive
      Certificates”) in respect of such Ownership Interests. All transfers by
      Certificate Owners of their respective Ownership Interests in the Book- Entry
      Certificates shall be made in accordance with the procedures established by
      the
      Depository Participant or brokerage firm representing such Certificate Owner.
      Each Depository Participant shall only transfer the Ownership Interests in
      the
      Book-Entry Certificates of Certificate Owners it represents or of brokerage
      firms for which it acts as agent in accordance with the Depository’s normal
      procedures. The Paying Agent is hereby initially appointed as the Book-Entry
      Custodian and hereby agrees to act as such in accordance herewith and in
      accordance with the agreement that it has with the Depository authorizing it
      to
      act as such. The Book-Entry Custodian may, and if it is no longer qualified
      to
      act as such, the Book-Entry Custodian shall, appoint, by a written instrument
      delivered to the Depositor, the Master Servicer and the Trust Administrator
      and
      any other transfer agent (including the Depository or any successor Depository)
      to act as Book-Entry Custodian under such conditions as the predecessor
      Book-Entry Custodian and the Depository or any successor Depository may
      prescribe, provided that the predecessor Book-Entry Custodian shall not be
      relieved of any of its duties or responsibilities by reason of any such
      appointment of other than the Depository. If the Paying Agent resigns or is
      removed in accordance with the terms hereof, the successor Paying Agent or,
      if
      it so elects, the Depository shall immediately succeed to its predecessor’s
      duties as Book-Entry Custodian. The Depositor shall have the right to inspect,
      and to obtain copies of, any Certificates held as Book-Entry Certificates by
      the
      Book-Entry Custodian.

     

    The
      Trustee, the Trust Administrator, the Master Servicer, the Paying Agent, the
      Authenticating Agent, the Certificate Registrar and the Depositor may for all
      purposes (including the making of payments due on the Book-Entry Certificates)
      deal with the Depository as the authorized representative of the Certificate
      Owners with respect to the Book-Entry Certificates for the purposes of
      exercising the rights of Certificateholders hereunder. The rights of Certificate
      Owners with respect to the Book-Entry Certificates shall be limited to those
      established by law and agreements between such Certificate Owners and the
      Depository Participants and brokerage firms representing such Certificate
      Owners. Multiple requests and directions from, and votes of, the Depository
      as
      Holder of the Book-Entry Certificates with respect to any particular matter
      shall not be deemed inconsistent if they are made with respect to different
      Certificate Owners. The Paying Agent may establish a reasonable record date
      in
      connection with solicitations of consents from or voting by Certificateholders
      and shall give notice to the Depository of such record date.

     

    If
      (i)(A)
      the Depositor advises the Trust Administrator, the Paying Agent and the
      Certificate Registrar in writing that the Depository is no longer willing or
      able to properly discharge its responsibilities as Depository, and (B) the
      Depositor is unable to locate a qualified successor or (ii) after the occurrence
      of a Master Servicer Event of Default, Certificate Owners representing in the
      aggregate not less than 51% of the Ownership Interests of the Book-Entry
      Certificates advise the Trust Administrator, the Paying Agent and the
      Certificate Registrar through the Depository, in writing, that the continuation
      of a book-entry system through the Depository is no longer in the best interests
      of the Certificate Owners, the Certificate Registrar shall notify all
      Certificate Owners, through the Depository, of the occurrence of any such event
      and of the availability of Definitive Certificates to Certificate Owners
      requesting the same. Upon surrender to the Certificate Registrar of the Book-
      Entry Certificates by the Book-Entry Custodian or the Depository, as applicable,
      accompanied by registration instructions from the Depository for registration
      of
      transfer, the Paying Agent shall issue the Definitive Certificates. Such
      Definitive Certificates will be issued in minimum denominations of $100,000,
      except that any beneficial ownership that was represented by a Book-Entry
      Certificate in an amount less than $100,000 immediately prior to the issuance
      of
      a Definitive Certificate shall be issued in a minimum denomination equal to
      the
      amount represented by such Book-Entry Certificate. None of the Depositor, the
      Master Servicer, the Trust Administrator, the Authenticating Agent, the Paying
      Agent, the Certificate Registrar nor the Trustee shall be liable for any delay
      in the delivery of such instructions and may conclusively rely on, and shall
      be
      protected in relying on, such instructions. Upon the issuance of Definitive
      Certificates all references herein to obligations imposed upon or to be
      performed by the Depository shall be deemed to be imposed upon and performed
      by
      the Certificate Registrar and the Paying Agent, to the extent applicable with
      respect to such Definitive Certificates, and the Certificate Registrar and
      the
      Paying Agent shall recognize the Holders of the Definitive Certificates as
      Certificateholders hereunder.

     

    
      	
              SECTION
                5.02  

            	
              Registration
                of Transfer and Exchange of
                Certificates.

            

    

     

    (a)  The
      Certificate Registrar shall cause to be kept at one of the offices or agencies
      to be appointed by the Trust Administrator in accordance with the provisions
      of
      Section 8.12 a Certificate Register for the Certificates in which, subject
      to
      such reasonable regulations as it may prescribe, the Certificate Registrar
      shall
      provide for the registration of Certificates and of transfers and exchanges
      of
      Certificates as herein provided.

     

    (b)  No
      transfer of any Private Certificate or Ownership Interest therein shall be
      made
      unless that transfer is made pursuant to an effective registration statement
      under the Securities Act of 1933, as amended (the “1933 Act”), and an effective
      registration or qualification under applicable state securities laws, or is
      made
      in a transaction that does not require such registration or qualification.
      In
      the event that such a transfer of a Private Certificate is to be made without
      registration or qualification (other than in connection with the initial
      transfer of any such Certificate by the Depositor to an affiliate of the
      Depositor), the Certificate Registrar shall require, receipt of written
      certifications from the Certificateholder desiring to effect the transfer and
      from such Certificateholder’s prospective transferee, substantially in the forms
      attached hereto as Exhibit F-1, or in the case of any Definitive Certificate,
      an
      opinion of Counsel satisfactory to it that such transfer may be made without
      such registration (which Opinion of Counsel shall not be an expense of the
      Trust
      Fund or of the Depositor, the  Trustee, the Trust Administrator, the
      Certificate Registrar, the Authenticating Agent , the Paying Agent, the Master
      Servicer in its capacity as such or any Sub-Servicer), together with copies
      of
      the written certification(s) of the Certificateholder desiring to effect the
      transfer and/or such Certificateholder’s prospective transferee upon which such
      Opinion of Counsel is based, if any.   In the event of any such
      transfer of any Ownership Interest in any Private Certificate that is a
      Book-Entry Certificate, except with respect to the initial transfer of any
      such
      Certificate by the Depositor, such transfer shall be required to be made in
      reliance upon Rule 144A under the 1933 Act, and the transferor will be deemed
      to
      have made each of the representations and warranties set forth on Exhibit F-1
      hereto in respect of such interest as if it was evidenced by a Definitive
      Certificate and the transferee will be deemed to have made each of the
      representations and warranties set forth on Exhibit F-1 hereto in respect of
      such interest as if it was evidenced by a Definitive
      Certificate.  None of the Depositor or the Trustee is obligated to
      register or qualify any such Certificates under the 1933 Act or any other
      securities laws or to take any action not otherwise required under this
      Agreement to permit the transfer of such Certificates without registration or
      qualification. Any Certificateholder desiring to effect the transfer of any
      such
      Certificate or Ownership Interest therein shall, and does hereby agree to,
      indemnify the Trustee, the Trust Administrator, the Certificate Registrar,
      the
      Paying Agent, the Authenticating Agent, the Master Servicer and the Depositor
      against any liability that may result if the transfer is not so exempt or is
      not
      made in accordance with such federal and state laws.

     

    (c)  (i)  No
      transfer of a Class P or Residual Certificate or any interest therein shall
      be
      made to any Plan subject to ERISA or Section 4975 of the Code, any Person
      acting, directly or indirectly, on behalf of any such Plan or any Person
      acquiring such Certificates with “Plan Assets” of a Plan within the meaning of
      the DOL Regulations, as modified by Section 3(42) of ERISA (“Plan Assets”) as
      certified by such transferee in the form of Exhibit G, unless the Certificate
      Registrar is provided with an Opinion of Counsel on which the Certificate
      Registrar, the Depositor, the Trustee, the Trust Administrator, the Paying
      Agent, the Authenticating Agent and the Master Servicer may rely, to the effect
      that the purchase and holding of such Certificates will be permissible under
      applicable law, ERISA and the Code, will not constitute or result in any
      non-exempt prohibited transaction under ERISA or Section 4975 of the Code and
      will not subject the Depositor, the Master Servicer, the Trustee, the Trust
      Administrator, the Paying Agent, the Authenticating Agent, the Certificate
      Registrar or the Trust Fund to any obligation or liability (including
      obligations or liabilities under ERISA or Section 4975 of the Code) in addition
      to those undertaken in this Agreement, which Opinion of Counsel shall not be
      an
      expense of the Depositor, the Master Servicer, the Trustee, the Trust
      Administrator, the Paying Agent, the Authenticating Agent, the Certificate
      Registrar or the Trust Fund. In lieu of such Opinion of Counsel, any prospective
      Transferee of such Certificates may provide a certification in the form of
      Exhibit G to this Agreement (or other form acceptable to the Depositor, the
      Trustee, the Trust Administrator, the Certificate Registrar, the Paying Agent,
      the Authenticating Agent and the Master Servicer), which the Certificate
      Registrar may rely upon without further inquiry or investigation. Neither a
      certification nor an Opinion of Counsel will be required in connection with
      the
      initial transfer of any such Certificate by the Depositor to an Affiliate of
      the
      Depositor (in which case, the Depositor or any Affiliate thereof shall have
      been
      deemed to have represented that such Affiliate is not a Plan or a Person
      investing Plan Assets) and the Certificate Registrar shall be entitled to
      conclusively rely upon a representation (which, upon the request of the
      Certificate Registrar, shall be a written representation) from the Depositor
      of
      the status of such transferee as an affiliate of the Depositor.

     

    (ii)  Each
      beneficial owner of a Subordinate Certificate or any interest therein shall
      be
      deemed to have represented, by virtue of its acquisition and holding of such
      Certificate or interest therein, that either (A) it is not a Plan or investing
      with Plan Assets, (B) other than with respect to a Class 1-B4 Certificate,
      Class
      1-B5 Certificate, Class 1-B6 Certificate, Class 2-B4 Certificate, Class 2-B5
      Certificate or Class 2-B6 Certificate, it has acquired and is holding such
      Certificate in reliance on the Underwriter’s Exemption granted by the Department
      of Labor on April 18, 1991 as Prohibited Transaction Exemption (“PTE”) 91-23 at
      56 F.R. 15936 and amended by PTE 97-34, PTE 2000-58, PTE 2002-41 and further
      amended on March 20, 2007 by PTE 2007-05 at 72 Fed. Reg. 13130, (“Underwriter’s
      Exemption”), and that it understands that there are certain conditions to the
      availability of the Underwriter’s Exemption, including that the certificate must
      be rated, at the time of purchase, not lower than “BBB-” (or its equivalent) by
      Fitch, Moody’s, Dominion Bond Rating Service, Limited (known as DBRS Limited),
      Dominion Bond Rating Service, Inc. (known as DBRS, Inc.) or S&P and it will
      represent that it is an “accredited investor” as defined in Rule 501(a)(1) of
      Regulation D under the Securities Act and will obtain a representation from
      any
      transferee that such transferee is an accredited investor so long as it is
      required to obtain a representation regarding compliance with the Securities
      Act, or (C) (i) it is an insurance company, (ii) the source of funds used to
      acquire or hold the Certificate or interest therein is an “insurance company
      general account,” as defined in Prohibited Transaction Class Exemption (“PTCE”)
      95-60, and (iii) the conditions in Sections I and III of PTCE 95-60 have been
      satisfied.

     

    (iii)  If
      any
      Certificate or any interest therein is acquired or held in violation of the
      provisions of the preceding two paragraphs, the next preceding permitted
      beneficial owner will be treated as the beneficial owner of that Certificate
      retroactive to the date of transfer to the purported beneficial owner. Any
      purported beneficial owner whose acquisition or holding of any such Certificate
      or interest therein was effected in violation of the provisions of the preceding
      two paragraphs shall indemnify and hold harmless the Depositor, the Master
      Servicer, the Trustee, the Trust Administrator, the Certificate Registrar,
      the
      Paying Agent, the Authenticating Agent and the Trust Fund from and against
      any
      and all liabilities, claims, costs or expenses incurred by those parties as
      a
      result of that acquisition or holding.

     

    (d)  (i)  Each
      Person who has or who acquires any Ownership Interest in a Residual Certificate
      shall be deemed by the acceptance or acquisition of such Ownership Interest
      to
      have agreed to be bound by the following provisions and to have irrevocably
      authorized the Paying Agent or its designee under clause (iii)(A) below to
      deliver payments to a Person other than such Person and to negotiate the terms
      of any mandatory sale under clause (iii)(B) below and to execute all instruments
      of Transfer and to do all other things necessary in connection with any such
      sale. The rights of each Person acquiring any Ownership Interest in a Residual
      Certificate are expressly subject to the following provisions:

     

    (A)  Each
      Person holding or acquiring any Ownership Interest in a Residual Certificate
      shall be a Permitted Transferee and shall promptly notify the Certificate
      Registrar of any change or impending change in its status as a Permitted
      Transferee.

     

    (B)  In
      connection with any proposed Transfer of any Ownership Interest in a Residual
      Certificate, the Certificate Registrar shall require delivery to it and shall
      not register the Transfer of any Residual Certificate until its receipt of
      an
      affidavit and agreement (a “Transfer Affidavit and Agreement”), in the form
      attached hereto as Exhibit F-2, from the proposed Transferee, in form and
      substance satisfactory to the Certificate Registrar, representing and
      warranting, among other things, that such Transferee is a Permitted Transferee,
      that it is not acquiring its Ownership Interest in the Residual Certificate
      that
      is the subject of the proposed Transfer as a nominee, trustee or agent for
      any
      Person that is not a Permitted Transferee, that for so long as it retains its
      Ownership  Interest in a Residual Certificate, it will endeavor to
      remain a Permitted Transferee, and that it has reviewed the provisions of this
      Section 5.02(d) and agrees to be bound by them.

     

    (C)  Notwithstanding
      the delivery of a Transfer Affidavit and Agreement by a proposed Transferee
      under clause (B) above, if a Responsible Officer of the Certificate Registrar
      who is assigned to this transaction has actual knowledge that the proposed
      Transferee is not a Permitted Transferee, no Transfer of an Ownership Interest
      in a  Residual Certificate to such proposed Transferee shall be
      effected.

     

    (D)  Each
      Person holding or acquiring any Ownership Interest in a Residual Certificate
      shall agree (x) to require a Transfer Affidavit and Agreement from any other
      Person to whom such Person attempts to transfer its Ownership Interest in a
      Residual Certificate and (y) not to transfer its Ownership Interest unless
      it
      provides a transferor affidavit (a “Transferor Affidavit”), in the form attached
      hereto as Exhibit F-2, to the Certificate Registrar stating that, among other
      things, it has no actual  knowledge that such other Person is not a
      Permitted Transferee.

     

    (E)  Each
      Person holding or acquiring an Ownership Interest in a Residual Certificate,
      by
      purchasing an Ownership Interest in such Certificate, agrees to
      give  the Certificate Registrar written notice that it is a
“pass-through interest holder” within the meaning of temporary Treasury
      regulation Section 1.67- 3T(a)(2)(i)(A) immediately upon acquiring an Ownership
      Interest in a Residual Certificate, if it is, or is holding an Ownership
      Interest in a Residual Certificate on behalf of, a “pass-through interest
      holder.”

     

    (ii)  The
      Certificate Registrar will register the Transfer of any Residual Certificate
      only if it shall have received the Transfer Affidavit and Agreement and all
      of
      such other documents as shall have been reasonably required by the Certificate
      Registrar as a condition to such registration. In addition, no Transfer of
      a
      Residual Certificate shall be made unless the Certificate Registrar shall have
      received a representation letter from the Transferee of such Certificate to
      the
      effect that such Transferee is a Permitted Transferee.

     

    
      	
              (iii)         
                 

            	
                                                          
                 (A)  If any purported Transferee shall become a Holder of
                a Residual Certificate in violation of the provisions of this Section
                5.02(d), then the last preceding Permitted Transferee shall be restored,
                to the extent permitted by law, to all rights as Holder thereof
                retroactive to the date of registration of such Transfer of such
                Residual
                Certificate. The Certificate Registrar shall be under no liability
                to any
                Person for any registration of Transfer of a Residual Certificate
                that is
                in fact not permitted by this Section 5.02(d) or for making any payments
                due on such Certificate to the Holder thereof or for taking any other
                action with respect to such Holder under the provisions of this
                Agreement.

            

    

     

    (B)  If
      any
      purported Transferee shall become a Holder of a Residual Certificate in
      violation of the restrictions in this Section 5.02(d) and to the extent that
      the
      retroactive restoration of the rights of the Holder of such Residual Certificate
      as described in clause (iii)(A) above shall be invalid, illegal or
      unenforceable, then the Certificate Registrar shall have the right, without
      notice to the Holder or any prior Holder of such Residual Certificate, to sell
      such Residual Certificate to a purchaser selected by the Certificate Registrar
      on such terms as the Certificate Registrar may choose. Such purported Transferee
      shall promptly endorse and deliver each Residual Certificate in accordance
      with
      the instructions of the Certificate Registrar. Such purchaser may be the
      Certificate Registrar itself or any Affiliate of the Certificate Registrar.
      The
      proceeds of such sale, net of the commissions (which may
      include  commissions payable to the Certificate Registrar or its
      Affiliates), expenses and taxes due, if any, will be remitted by the Certificate
      Registrar to such purported Transferee. The terms and conditions of any sale
      under this clause (iii)(B) shall be determined in the sole discretion of the
      Certificate Registrar, and the Certificate Registrar shall not be liable to
      any
      Person having an Ownership Interest in a Residual Certificate as a result of
      its
      exercise of such discretion.

     

    (iv)  The
      Trust
      Administrator and the Certificate Registrar shall make available to the Internal
      Revenue Service and those Persons specified by the REMIC Provisions all
      information necessary to compute any tax imposed (A) as a result of the Transfer
      of an Ownership Interest in a Residual Certificate to any Person who is a
      Disqualified Organization, including the information described in Treasury
      regulations sections 1.860D-1(b)(5) and 1.860E-2(a)(5) with respect to the
      “excess inclusions” of such Residual Certificate and (B) as a result of any
      regulated investment company, real estate investment trust, common trust fund,
      partnership, trust, estate or organization described in Section 1381 of the
      Code
      that holds an Ownership Interest in a Residual Certificate having as among
      its
      record holders at any time any Person which is a Disqualified Organization.
      Reasonable compensation for providing such information may be accepted by the
      Trust Administrator and the Certificate Registrar.

     

    (v)  The
      provisions of this Section 5.02(d) set forth prior to this subsection (v) may
      be
      modified, added to or eliminated, provided that there shall have been delivered
      to the Trust Administrator and the Certificate Registrar at the expense of
      the
      party seeking to modify, add to or eliminate any such provision the
      following:

     

    (A)  written
      notification from the Rating Agencies to the effect that the modification,
      addition to or elimination of such provisions will not cause the
      Rating  Agencies to downgrade its then-current ratings of any Class of
      Certificates; and

     

    (B)  an
      Opinion of Counsel, in form and substance satisfactory to the Certificate
      Registrar and the Trust Administrator, to the effect that such modification
      of,
      addition to or elimination of such provisions will not cause any Trust REMIC
      to
      cease to qualify as a REMIC and will not cause (x) any Trust REMIC to be subject
      to an entity-level tax caused by the Transfer of any Residual Certificate to
      a
      Person that is not a Permitted Transferee or (y) a Person other than the
      prospective transferee to be subject to a REMIC-tax caused by the Transfer
      of a
      Residual Certificate to a Person that is not a Permitted
      Transferee.

     

    (e)  Subject
      to the preceding subsections, upon surrender for registration of transfer of
      any
      Certificate at any office or agency of the Certificate Registrar maintained
      for
      such purpose pursuant to Section 8.12, the Certificate Registrar shall give
      notice of such surrender to the Paying Agent and the Authenticating Agent.
      Upon
      receipt of such notice, the Paying Agent shall execute and the Authenticating
      Agent shall authenticate and deliver, in the name of the designated Transferee
      or Transferees, one or more new Certificates of the same Class of a like
      aggregate Percentage Interest.

     

    (f)  At
      the
      option of the Holder thereof, any Certificate may be exchanged for other
      Certificates of the same Class with authorized denominations and a like
      aggregate Percentage Interest, upon surrender of such Certificate to be
      exchanged at any office or agency of the Certificate Registrar maintained for
      such purpose pursuant to Section 8.12. Whenever any Certificates are so
      surrendered for exchange, upon notice from the Certificate Registrar, the Paying
      Agent shall execute, and the Authenticating Agent shall authenticate and
      deliver, the Certificates which the Certificateholder making the exchange is
      entitled to receive. Every Certificate presented or surrendered for transfer
      or
      exchange shall (if so required by the Certificate Registrar) be duly endorsed
      by, or be accompanied by a written instrument of transfer in the form
      satisfactory to the Certificate Registrar duly executed by, the Holder thereof
      or his attorney duly authorized in writing.

     

    (g)  No
      service charge to the Certificateholders shall be made for any transfer or
      exchange of Certificates, but the Certificate Registrar may require payment
      of a
      sum sufficient to cover any tax or governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    (h)  All
      Certificates surrendered for transfer and exchange shall be canceled and
      destroyed by the Certificate Registrar in accordance with its customary
      procedures.

     

    (i)  No
      transfer of any Class 2-A1 Certificate shall be made unless the transferee
      of
      such Class 2-A1 Certificate provides to the Cap Trustee and the Certificate
      Registrar the appropriate tax certification form (i.e., IRS Form W-9 or IRS
      Form
      W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable (or any successor form
      thereto)), as a condition to such transfer and agrees to update such forms
      (i)
      upon expiration of any such form, (ii) as required under then applicable U.S.
      Treasury regulations and (iii) promptly upon learning that any IRS Form W-9
      or
      IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable (or any successor
      form
      thereto), has become obsolete or incorrect. Upon receipt of any such tax
      certification form from a transferee of any Class 2-A1 Certificate, the
      Certificate Registrar shall provide a copy of such tax certification form to
      the
      Interest Rate Cap Provider.

     

    
      	
              SECTION
                5.03  

            	
              Mutilated,
                Destroyed, Lost or Stolen
                Certificates.

            

    

     

    If
      (i)
      any mutilated Certificate is surrendered to the Certificate Registrar, or the
      Certificate Registrar receive evidence to its satisfaction of the destruction,
      loss or theft of any Certificate, and (ii) there is delivered to the Certificate
      Registrar, the Trustee and the Trust Administrator such security or indemnity
      as
      may be required by them to save each of them harmless, then, in the absence
      of
      actual knowledge by the Certificate Registrar that such Certificate has been
      acquired by a bona fide purchaser, the Paying Agent shall execute, and the
      Authenticating Agent shall authenticate and deliver, in exchange for or in
      lieu
      of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate
      of the same Class and of like denomination and Percentage Interest. Upon the
      issuance of any new Certificate under this Section, the Certificate Registrar
      may require the payment of a sum sufficient to cover any tax or other
      governmental charge that may be imposed in relation thereto and any other
      expenses (including the fees and expenses of the Certificate Registrar)
      connected therewith. Any replacement Certificate issued pursuant to this Section
      shall constitute complete and indefeasible evidence of ownership in the
      applicable REMIC created hereunder, as if originally issued, whether or not
      the
      lost, stolen or destroyed Certificate shall be found at any time.

     

    
      	
              SECTION
                5.04  

            	
              Persons
                Deemed Owners.

            

    

     

    The
      Depositor, the Master Servicer, the Trustee, the Trust Administrator, the
      Certificate Registrar, the Authenticating Agent, the Paying Agent and any agent
      of any of them may treat the Person in whose name any Certificate is registered
      as the owner of such Certificate for the purpose of receiving distributions
      pursuant to Section 4.01 and for all other purposes whatsoever, and none of
      the
      Depositor, the Master Servicer, the Trustee, the Trust
      Administrator,  the Certificate Registrar, the Authenticating Agent,
      the Paying Agent or any agent of any of them shall be affected by notice to
      the
      contrary.

     

    
      	
              SECTION
                5.05  

            	
              Certain
                Available Information.

            

    

     

    The
      Paying Agent shall maintain at its Corporate Trust Office and shall make
      available free of charge during normal business hours for review by any Holder
      of a Certificate or any Person identified to the Paying Agent as a prospective
      transferee of a Certificate, originals or copies of the following items: (A)
      this Agreement and any amendments hereof entered into pursuant to Section 11.01,
      (B) all monthly statements required to be delivered to Certificateholders of
      the
      relevant Class pursuant to Section 4.02 since the Closing Date, and all other
      notices, reports, statements and written communications delivered to the
      Certificateholders of the relevant Class pursuant to this Agreement since the
      Closing Date, (C) all certifications delivered by a Responsible Officer of
      the
      Trust Administrator since the Closing Date pursuant to Section 10.01(h), (D)
      any
      and all Officers’ Certificates delivered to the Trust Administrator or the
      Paying Agent by the Master Servicer since the Closing Date to evidence the
      Master Servicer’s determination that any P&I Advance was, or if made, would
      be a Nonrecoverable P&I Advance and (E) any and all Officers’ Certificates
      delivered to the Trust Administrator or the Paying Agent by the Master Servicer
      since the Closing Date pursuant to Section 4.04(a). Copies and mailing of any
      and all of the foregoing items will be available from the Paying Agent upon
      request at the expense of the person requesting the same.

     

    ARTICLE
      VI

     

    THE
      DEPOSITOR AND THE MASTER SERVICER

     

    
      	
              SECTION
                6.01  

            	
              Liability
                of the Depositor and the Master
                Servicer.

            

    

     

    The
      Depositor and the Master Servicer each shall be liable in accordance herewith
      only to the extent of the obligations specifically imposed by this Agreement
      and
      undertaken hereunder by the Depositor and the Master Servicer
      herein.

     

    
      	
              SECTION
                6.02  

            	
              Merger
                or Consolidation of the Depositor or the Master
                Servicer.

            

    

     

    Subject
      to the following paragraph, the Depositor will keep in full effect its
      existence, rights and franchises as a corporation under the laws of the
      jurisdiction of its incorporation. Subject to the following paragraph, the
      Master Servicer will keep in full effect its existence, rights and franchises
      as
      a corporation under the laws of the jurisdiction of its incorporation and its
      qualification as an approved conventional seller/servicer for Fannie Mae or
      Freddie Mac in good standing. The Depositor and the Master Servicer each will
      obtain and preserve its qualification to do business as a foreign corporation
      in
      each jurisdiction in which such qualification is or shall be necessary to
      protect the validity and enforceability of this Agreement, the Certificates
      or
      any of the Mortgage Loans and to perform its respective duties under this
      Agreement.

     

    The
      Depositor or the Master Servicer 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 the
      Depositor or the Master Servicer shall be a party, or any Person succeeding
      to
      the business of the Depositor or the Master Servicer, shall be the successor
      of
      the Depositor or the Master Servicer, as the case may be, hereunder, without
      the
      execution or filing of any paper or any further act on the part of any of the
      parties hereto, anything herein to the contrary notwithstanding; provided,
      however, that the successor or surviving Person to the Master Servicer shall
      be
      qualified to service mortgage loans on behalf of Fannie Mae or Freddie Mac;
      and
      provided further that the Rating Agencies’ ratings of the Certificates rated
      thereby and in effect immediately prior to such merger or consolidation will
      not
      be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter
      to such effect from the Rating Agencies).

     

    
      	
              SECTION
                6.03  

            	
              Limitation
                on Liability of the Depositor, the Master Servicer and
                Others.

            

    

     

    None
      of
      the Depositor, the Master Servicer or any of the directors, officers, employees
      or agents of the Depositor or the Master Servicer shall be under any liability
      to the Trust Fund or the Certificateholders for any action taken or for
      refraining from the taking of any action in good faith pursuant to this
      Agreement, or for errors in judgment; provided, however, that this provision
      shall not protect the Depositor, the Master Servicer or any such person against
      any breach of warranties, representations or covenants made herein, or against
      any specific liability imposed on the Master Servicer pursuant hereto, or
      against any liability which would otherwise be imposed by reason of willful
      misfeasance, bad faith or negligence in the performance of duties or by reason
      of reckless disregard of obligations and duties hereunder. The Depositor, the
      Master Servicer and any director, officer, employee or agent of the Depositor
      or
      the Master Servicer may rely in good faith on any document of any kind which,
      PRIMA FACIE, is properly executed and submitted by any Person respecting any
      matters arising hereunder. The Depositor, the Master Servicer and any director,
      officer, employee or agent of the Depositor or the Master Servicer shall be
      indemnified and held harmless by the Trust Fund against any loss, liability
      or
      expense incurred in connection with any legal action relating to this Agreement
      or the Certificates, other than any loss, liability or expense to any specific
      Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense
      shall be otherwise reimbursable pursuant to this Agreement) or any loss,
      liability or expense incurred by reason of willful misfeasance, bad faith or
      negligence in the performance of duties hereunder or by reason of reckless
      disregard of obligations and duties hereunder. Neither the Depositor nor the
      Master Servicer shall be under any obligation to appear in, prosecute or defend
      any legal action unless such action is related to its respective duties under
      this Agreement and, in its opinion, does not involve it in any expense or
      liability; provided, however, that each of the Depositor and the Master Servicer
      may in its discretion undertake any such action which it may deem necessary
      or
      desirable with respect to this Agreement and the rights and duties of the
      parties hereto and the interests of the Certificateholders hereunder. In such
      event, unless the Depositor or the Master Servicer acts without the consent
      of
      Holders of Certificates entitled to at least 51% of the Voting Rights (which
      consent shall not be necessary in the case of litigation or other legal action
      by either to enforce their respective rights or defend themselves hereunder),
      the legal expenses and costs of such action and any liability resulting
      therefrom (except any loss, liability or expense incurred by reason of willful
      misfeasance, bad faith or negligence in the performance of duties hereunder
      or
      by reason of reckless disregard of obligations and duties hereunder) shall
      be
      expenses, costs and liabilities of the Trust Fund, and the Depositor (subject
      to
      the limitations set forth above) and the Master Servicer shall be entitled
      to be
      reimbursed therefor from the Collection Account as and to the extent provided
      in
      Section 3.11, any such right of reimbursement being prior to the rights of
      the
      Certificateholders to receive any amount in the Collection Account.

     

    
      	
              SECTION
                6.04  

            	
              Limitation
                on Resignation of the Master
                Servicer.

            

    

     

    The
      Master Servicer shall not resign from the obligations and duties hereby imposed
      on it except (i) upon determination that its duties hereunder are no longer
      permissible under applicable law or (ii) with the written consent of the Trustee
      and the Trust Administrator, which consent may not be unreasonably withheld,
      with written confirmation from the Rating Agencies (which confirmation shall
      be
      furnished to the Depositor, the Trustee and the Trust Administrator) that such
      resignation will not cause the Rating Agencies to reduce the then current rating
      of the Class A Certificates and provided that a qualified successor has agreed
      to assume the duties and obligations of the Master Servicer hereunder. Any
      such
      determination pursuant to clause (i) of the preceding sentence permitting the
      resignation of the Master Servicer shall be evidenced by an Opinion of Counsel
      to such effect obtained at the expense of the Master Servicer and delivered
      to
      the Trustee and the Trust Administrator. No resignation of the Master Servicer
      shall become effective until the Trustee or a successor servicer shall have
      assumed the Master Servicer’s responsibilities, duties, liabilities (other than
      those liabilities arising prior to the appointment of such successor) and
      obligations under this Agreement.

     

    Except
      as
      expressly provided herein, the Master Servicer shall not assign nor transfer
      any
      of its rights, benefits or privileges hereunder to any other Person, nor
      delegate to or subcontract with, nor authorize or appoint any other Person
      to
      perform any of the duties, covenants or obligations to be performed by the
      Master Servicer hereunder. If, pursuant to any provision hereof, the duties
      of
      the Master Servicer are transferred to a successor master servicer, the entire
      amount of the Servicing Fee and other compensation payable to the Master
      Servicer pursuant hereto shall thereafter be payable to such successor master
      servicer.

     

    
      	
              SECTION
                6.05  

            	
              Rights
                of the Depositor in Respect of the Master
                Servicer.

            

    

     

    The
      Master Servicer shall afford (and any Sub-Servicing Agreement shall provide
      that
      each Sub-Servicer shall afford) the Depositor, the Trustee and the Trust
      Administrator, upon reasonable notice, during normal business hours, access
      to
      all records maintained by the Master Servicer (and any such Sub-Servicer) in
      respect of the Master Servicer’s rights and obligations hereunder and access to
      officers of the Master Servicer (and those of any such Sub-Servicer) responsible
      for such obligations. Upon request, the Master Servicer shall furnish to the
      Depositor, the Trustee and the Trust Administrator its (and any such
      Sub-Servicer’s) most recent financial statements of the parent company of the
      Master Servicer and such other information relating to the Master Servicer’s
      capacity to perform its obligations under this Agreement that it possesses.
      Notwithstanding the foregoing, in the case of each Initial Sub-Servicer, such
      access and information described in the preceding two sentences shall be
      required to be provided only to the extent provided in the Sub-Servicing
      Agreement. To the extent such information is not otherwise available to the
      public, the Depositor, the Trustee and the Trust Administrator shall not
      disseminate any information obtained pursuant to the preceding two sentences
      without the Master Servicer’s written consent, except as required pursuant to
      this Agreement or to the extent that it is appropriate to do so (i) in working
      with legal counsel, auditors, taxing authorities or other governmental agencies,
      rating agencies or reinsurers or (ii) pursuant to any law, rule, regulation,
      order, judgment, writ, injunction or decree of any court or governmental
      authority having jurisdiction over the Depositor, the Trustee, the Trust
      Administrator or the Trust Fund, and in either case, the Depositor, the Trustee
      or the Trust Administrator, as the case may be, shall use its best efforts
      to
      assure the confidentiality of any such disseminated non-public information.
      The
      Depositor may, but is not obligated to, enforce the obligations of the Master
      Servicer under this Agreement and may, but is not obligated to, perform, or
      cause a designee to perform, any defaulted obligation of the Master Servicer
      under this Agreement or exercise the rights of the Master Servicer under this
      Agreement; provided that the Master Servicer shall not be relieved of any of
      its
      obligations under this Agreement by virtue of such performance by the Depositor
      or its designee. The Depositor shall not have any responsibility or liability
      for any action or failure to act by the Master Servicer and is not obligated
      to
      supervise the performance of the Master Servicer under this Agreement or
      otherwise.

     

    
      	
              SECTION
                6.06  

            	
              Duties
                of the Credit Risk Manager.

            

    

     

    For
      and
      on behalf of the Trust, the Credit Risk Manager will provide reports and
      recommendations concerning certain delinquent and defaulted Mortgage Loans,
      and
      as to the collection of any Prepayment Charges with respect to the Mortgage
      Loans.  Such reports and recommendations will be based upon
      information provided to the Credit Risk Manager pursuant to the Credit Risk
      Management Agreement, and the Credit Risk Manager shall look solely to the
      related Initial Sub-Servicers, any subservicer of an Initial Sub-Servicer and/or
      the Master Servicer for all information and data (including loss and delinquency
      information and data) relating to the servicing of the related Mortgage
      Loans.  Upon any termination of the Credit Risk Manager or the
      appointment of a successor Credit Risk Manager, the Depositor shall give written
      notice thereof to the Initial Sub-Servicers, the Master Servicer, the Trustee,
      the Trust Administrator and each Rating Agency.  Notwithstanding the
      foregoing, the termination of the Credit Risk Manager pursuant to this Section
      shall not become effective until the appointment of a successor Credit Risk
      Manager.

     

    
      	
              SECTION
                6.07  

            	
              Limitation
                Upon Liability of the Credit Risk
                Manager.

            

    

     

    Neither
      the Credit Risk Manager, nor any of its directors, officers, employees, or
      agents shall be under any liability to the Trustee, the Certificateholders,
      the
      Master Servicer, the Trust Administrator or the Depositor for any action taken
      or for refraining from the taking of any action made in good faith pursuant
      to
      this Agreement, in reliance upon information provided by the related Initial
      Sub-Servicer or any subservicer of an Initial Sub-Servicer under the Credit
      Risk
      Management Agreement, or for errors in judgment; provided, however, that this
      provision shall not protect the Credit Risk Manager or any such person against
      liability that would otherwise be imposed by reason of willful malfeasance
      or
      bad faith in its performance of its duties.  The Credit Risk Manager
      and any director, officer, employee, or agent of the Credit Risk Manager may
      rely in good faith on any document of any kind prima facie properly
      executed and submitted by any Person respecting any matters arising hereunder,
      and may rely in good faith upon the accuracy of information furnished by the
      related Initial Sub-Servicer pursuant to the Credit Risk Management Agreement
      in
      the performance of its duties thereunder and hereunder.

     

    
      	
              SECTION
                6.08  

            	
              Removal
                of the Credit Risk Manager.

            

    

     

    The
      Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders
      holding not less than 66 2/3% of the Voting Rights in the Trust Fund, in the
      exercise of its or their sole discretion.  The Certificateholders
      shall provide written notice of the Credit Risk Manager’s removal to the Trust
      Administrator.  Upon receipt of such notice, the Trust Administrator
      shall provide written notice to the Credit Risk Manager of its removal, which
      shall be effective upon receipt of such notice by the Credit Risk
      Manager.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      VII

     

    DEFAULT

     

    
      	
              SECTION
                7.01  

            	
              Master
                Servicer Events of Default.

            

    

     

    “Master
      Servicer Event of Default,” wherever used herein, means any one of the following
      events:

     

    (i)  (A) any
      failure by the Master Servicer to remit to the Paying Agent for distribution
      to
      the Certificateholders any payment (other than a P&I Advance required to be
      made from its own funds on any Master Servicer Remittance Date pursuant to
      Section 4.03) required to be made under the terms of the Certificates and this
      Agreement which continues unremedied for a period of one Business  Day
      after the date upon which written notice of such failure, requiring the same
      to
      be remedied, shall have been given to the Master Servicer (with a copy to the
      Paying Agent ) by the Depositor, the Trust Administrator or the Trustee (in
      which case notice shall be provided by telecopy), or to the Master Servicer,
      the
      Depositor, the Trust Administrator, the Paying Agent and the Trustee by the
      Holders of Certificates entitled to at least 25% of the Voting Rights; or (B)
      any deemed Master Servicer Event of Default caused by a failure by the Master
      Servicer to timely comply with its obligations under Section 3.19 or Section
      3.20 or Section 4.06, taking into account any cure period allowed by the Trustee
      at the direction of the Depositor that may be provided under such sections;
      or

     

    (ii)  any
      failure on the part of the Master Servicer duly to observe or perform in any
      material respect any of the covenants or agreements on the part of the Master
      Servicer contained in the Certificates or in this Agreement which continues
      unremedied for a period of 30 days after the earlier of (i) the date on which
      written notice of such failure, requiring the same to be remedied, shall have
      been given to the Master Servicer by the Depositor, the Trust Administrator
      or
      the Trustee, or to the  Master Servicer, the Depositor, the Trust
      Administrator and the Trustee by the Holders of Certificates entitled to at
      least 25% of the Voting Rights and (ii) actual knowledge of such failure by
      a
      Servicing Officer of the Master Servicer; or

     

    (iii)  a
      decree
      or order of a court or agency or supervisory  authority having
      jurisdiction in the premises in an involuntary case under any present or future
      federal or state bankruptcy, insolvency or similar law or the appointment of
      a
      conservator or  receiver or liquidator in any insolvency, readjustment
      of debt, marshalling of assets and liabilities or similar proceeding, or for
      the
      winding-up or liquidation of its affairs, shall have been entered against the
      Master Servicer and if such proceeding is being contested by the Master Servicer
      in good faith such decree or order shall have remained in force undischarged
      or
      unstayed for a period of 60 consecutive days or results in the entry of an
      order
      for relief or any such adjudication or appointment; or

     

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

     

    (v)  the
      Master Servicer 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; or

     

    (vi)  any
      failure of the Master Servicer to make, or of the Paying Agent to make on behalf
      of the Master Servicer, any P&I Advance on any Master Servicer Remittance
      Date required to be made from its own funds pursuant to Section
      4.03.

     

    If
      a
      Master Servicer Event of Default described in clauses (i) through (v) of this
      Section shall occur, then, and in each and every such case, so long as such
      Master Servicer Event of Default shall not have been remedied, the Depositor
      or
      the Trustee may, and at the written direction of the Holders of Certificates
      entitled to at least 51% of Voting Rights, the Trustee shall, by notice in
      writing to the Master Servicer (and to the Depositor if given by the Trustee
      or
      to the Trustee if given by the Depositor), terminate all of the rights and
      obligations of the Master Servicer in its capacity as a Master Servicer under
      this Agreement, to the extent permitted by law, and in and to the Mortgage
      Loans
      and the proceeds thereof. If a Master Servicer Event of Default described in
      clause (vi) hereof shall occur and shall not have been remedied by 1:00 p.m.
      on
      the related Distribution Date, the Paying Agent shall notify the Trustee of
      the
      same, and the Trustee shall be obligated to make such P&I Advance and, then
      so long as such Master Servicer Event of Default shall not have been remedied
      during the applicable time period set forth in clause (vi) above (including
      the
      reimbursement to the Trustee by the Master Servicer, with interest thereon
      at
      the Prime Rate, for any P&I Advance made), the Trustee shall, by notice in
      writing to the Master Servicer and the Depositor, terminate all of the rights
      and obligations of the Master Servicer in its capacity as a Master Servicer
      under this Agreement and in and to the Mortgage Loans and the proceeds thereof.
      On or after the receipt by the Master Servicer of such written notice, all
      authority and power of the Master Servicer under this Agreement, whether with
      respect to the Certificates (other than as a Holder of any Certificate) or
      the
      Mortgage Loans or otherwise, shall pass to and be vested in the Trustee pursuant
      to and under this Section and, without limitation, the Trustee is hereby
      authorized and empowered, as attorney-in-fact or otherwise, to execute and
      deliver on behalf of and at the expense of the Master Servicer, any and all
      documents and other instruments and to do or accomplish all other acts or things
      necessary or appropriate to effect the purposes of such notice of termination,
      whether to complete the transfer and endorsement or assignment of the Mortgage
      Loans and related documents, or otherwise. The Master Servicer agrees, at its
      sole cost and expense, promptly (and in any event no later than ten Business
      Days subsequent to such notice) to provide the Trustee with all documents and
      records requested by it to enable it to assume the Master Servicer’s functions
      under this Agreement, and to cooperate with the Trustee in effecting the
      termination of the Master Servicer’s responsibilities and rights under this
      Agreement, including, without limitation, the transfer within one Business
      Day
      to the Trustee for administration by it of all cash amounts which at the time
      shall be or should have been credited by the Master Servicer to the Collection
      Account held by or on behalf of the Master Servicer, the Distribution Account
      or
      any REO Account or Servicing Account held by or on behalf of the Master Servicer
      or thereafter be received with respect to the Mortgage Loans or any REO Property
      serviced by the Master Servicer (provided, however, that the Master Servicer
      shall continue to be entitled to receive all amounts accrued or owing to it
      under this Agreement on or prior to the date of such termination, whether in
      respect of P&I Advances or otherwise, and shall continue to be entitled to
      the benefits of Section 6.03, notwithstanding any such termination, with respect
      to events occurring prior to such termination). For purposes of this Section
      7.01, the Trustee shall not be deemed to have knowledge of a Master Servicer
      Event of Default unless a Responsible Officer of the Trustee assigned to and
      working in the Trustee’s Corporate Trust Office has actual knowledge thereof or
      unless written notice of any event which is in fact such a Master Servicer
      Event
      of Default is received by the Trustee and such notice references the
      Certificates, the Trust Fund or this Agreement.

     

    
      	
              SECTION
                7.02  

            	
              Trustee
                to Act; Appointment of Successor.

            

    

     

    (a)  On
      and
      after the time the Master Servicer receives a notice of termination, the Trustee
      shall be the successor in all respects to the Master Servicer in its capacity
      as
      Master Servicer under this Agreement, the Master Servicer shall not have the
      right to withdraw any funds from the Collection Account without the consent
      of
      the Trustee and the transactions set forth or provided for herein and shall
      be
      subject to all the responsibilities, duties and liabilities relating thereto
      and
      arising thereafter placed on the Master Servicer (except for any representations
      or warranties of the Master Servicer under this Agreement, the responsibilities,
      duties and liabilities contained in Section 2.03(c) and its obligation to
      deposit amounts in respect of losses pursuant to Section 3.12) by the terms
      and
      provisions hereof including, without limitation, the Master Servicer’s
      obligations to make P&I Advances pursuant to Section 4.03; provided,
      however, that if the Trustee is prohibited by law or regulation from obligating
      itself to make advances regarding delinquent mortgage loans, then the Trustee
      shall not be obligated to make P&I Advances pursuant to Section 4.03; and
      provided further, that any failure to perform such duties or responsibilities
      caused by the Master Servicer’s failure to provide information required by
      Section 7.01 shall not be considered a default by the Trustee as successor
      to
      the Master Servicer hereunder. As compensation therefor, the Trustee shall
      be
      entitled to the Servicing Fees and all funds relating to the Mortgage Loans
      to
      which the Master Servicer would have been entitled if it had continued to act
      hereunder (other than amounts which were due or would become due to the Master
      Servicer prior to its termination or resignation). Notwithstanding the above,
      the Trustee may, if it shall be unwilling to so act, or shall, if it is unable
      to so act or if it is prohibited by law from making advances regarding
      delinquent mortgage loans, or if the Holders of Certificates entitled to at
      least 51% of the Voting Rights so request in writing to the Trustee, promptly
      appoint or petition a court of competent jurisdiction to appoint, an established
      mortgage loan servicing institution acceptable to the Rating Agencies and having
      a net worth of not less than $15,000,000 as the successor to the Master Servicer
      under this Agreement in the assumption of all or any part of the
      responsibilities, duties or liabilities of the Master Servicer under this
      Agreement. No appointment of a successor to the Master Servicer under this
      Agreement shall be effective until the assumption by the successor of all of
      the
      Master Servicer’s responsibilities, duties and liabilities hereunder. In
      connection with such appointment and assumption described herein, the Trustee
      may make such arrangements for the compensation of such successor out of
      payments on Mortgage Loans as it and such successor shall agree; provided,
      however, that no such compensation shall be in excess of that permitted the
      Master Servicer as such hereunder. The Depositor, the Trustee and such successor
      shall take such action, consistent with this Agreement, as shall be necessary
      to
      effectuate any such succession. Pending appointment of a successor to the Master
      Servicer under this Agreement, the Trustee shall act in such capacity as
      hereinabove provided.

     

    (b)  In
      connection with the termination or resignation of the Master Servicer hereunder,
      either (i) the successor servicer, including the Trustee, if the Trustee is
      acting as successor Master Servicer, shall  represent and warrant that
      it is a member of MERS in good standing and shall agree to comply in all
      material respects with the rules and procedures of MERS in connection with
      the
      servicing of the Mortgage Loans that are registered with MERS, in which case
      the
      predecessor Master Servicer shall cooperate with the successor Master Servicer
      in causing MERS to revise its records to reflect the transfer of servicing
      to
      the successor Master Servicer as necessary under MERS’ rules and regulations, or
      (ii) the predecessor Master Servicer shall cooperate with the successor Master
      Servicer in causing MERS to execute and deliver an assignment of Mortgage in
      recordable form to transfer the Mortgage from MERS to the Trustee and to execute
      and deliver such other notices, documents and other instruments as may be
      necessary or desirable to effect a transfer of such Mortgage Loan or servicing
      of such Mortgage Loan on the MERS® System to the successor Master Servicer. The
      predecessor Master Servicer shall file or cause to be filed any such assignment
      in the appropriate recording office. The predecessor Master Servicer shall
      bear
      any and all fees of MERS, costs of preparing any assignments of Mortgage, and
      fees and costs of filing any assignments of Mortgage that may be required under
      this Section 7.02(b).

     

    
      	
              SECTION
                7.03  

            	
              Notification
                to Certificateholders.

            

    

     

    (a)  Upon
      any
      termination of the Master Servicer pursuant to Section 7.01 above or any
      appointment of a successor to the Master Servicer pursuant to Section 7.02
      above, the Trustee shall give prompt written notice thereof to
      Certificateholders at their respective addresses appearing in the Certificate
      Register.

     

    (b)  Not
      later
      than the later of 60 days after the occurrence of any event, which constitutes
      or which, with notice or lapse of time or both, would constitute a Master
      Servicer Event of Default or five days after a Responsible Officer of the
      Trustee becomes aware of the occurrence of such an event, the Trustee shall
      transmit by mail to all Holders of Certificates notice of each such occurrence,
      unless such default or Master Servicer Event of Default shall have been cured
      or
      waived.

     

    
      	
              SECTION
                7.04  

            	
              Waiver
                of Master Servicer Events of
                Default.

            

    

     

    Subject
      to Section 11.09(d), the Holders representing at least 66% of the Voting Rights
      evidenced by all Classes of Certificates affected by any default or Master
      Servicer Event of Default hereunder may waive such default or Master Servicer
      Event of Default; provided, however, that a default or Master Servicer Event
      of
      Default under clause (i) or (vi) of Section 7.01 may be waived only by all
      of
      the Holders of the Regular Certificates. Upon any such waiver of a default
      or
      Master Servicer Event of Default, such default or Master Servicer Event of
      Default shall cease to exist and shall be deemed to have been remedied for
      every
      purpose hereunder. No such waiver shall extend to any subsequent or other
      default or Master Servicer Event of Default or impair any right consequent
      thereon except to the extent expressly so waived.

     

    
      	
              SECTION
                7.05  

            	
              Interest
                Rate Cap Provider Event of Default

            

    

     

    In
      the
      event that the Interest Rate Cap Provider fails to perform any of its
      obligations under the Interest Rate Cap Agreement (including, without
      limitation, its obligation to make any payment or transfer collateral), or
      breaches any of its representations and warranties thereunder, or in the event
      that any Event of Default, Termination Event, or Additional Termination Event
      (each as defined in the Interest Rate Cap Agreement) occurs with respect to
      the
      Interest Rate Cap Agreement, the Cap Trustee shall, promptly following actual
      notice of such failure, breach or event, notify the Depositor and send any
      notices and make any demands, on behalf of the Cap Trust, required to enforce
      the rights of the Trust Fund under the Interest Rate Cap Agreement.

    

    In
      the
      event that the Interest Rate Cap Provider’s obligations are guaranteed by a
      third party under a guaranty relating to the Interest Rate Cap Agreement (such
      guaranty the “Guaranty” and such third party the “Guarantor”), then to the
      extent that the Interest Rate Cap Provider fails to make any payment by the
      close of business on the day it is required to make payment under the terms
      of
      the Interest Rate Cap Agreement, the Cap Trustee shall, promptly following
      actual notice of the Interest Rate Cap Provider’s failure to pay, demand that
      the Guarantor make any and all payments then required to be made by the
      Guarantor pursuant to such Guaranty; provided, that the Cap Trustee shall in
      no
      event be liable for any failure or delay in the performance by the Interest
      Rate
      Cap Provider or any Guarantor of its obligations hereunder or pursuant to the
      Interest Rate Cap Agreement and the Guaranty, nor for any special, indirect
      or
      consequential loss or damage of any kind whatsoever (including but not limited
      to lost profits) in connection therewith.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    ARTICLE
      VIII

     

    CONCERNING
      THE TRUSTEE, THE TRUST ADMINISTRATOR, THE PAYING AGENT, THE CERTIFICATE
      REGISTRAR AND THE AUTHENTICATING AGENT

     

    
      	
              SECTION
                8.01  

            	
              Duties
                of Trustee, Trust Administrator and
                Others.

            

    

     

    The
      Trustee, prior to the occurrence of a Master Servicer Event of Default and
      after
      the curing of all Master Servicer Events of Default which may have occurred,
      and
      each of the Trust Administrator, the Paying Agent, the Certificate Registrar
      and
      the Authenticating Agent, at all times, undertakes to perform such duties and
      only such duties as are specifically set forth in this Agreement. During a
      Master Servicer Event of Default, the Trustee shall exercise such of the rights
      and powers vested in it by this Agreement, and use the same degree of care
      and
      skill in their exercise as a prudent person would exercise or use under the
      circumstances in the conduct of such person’s own affairs. Any permissive right
      of the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent enumerated in this Agreement shall not
      be
      construed as a duty.

     

    Each
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar and the Authenticating Agent, upon receipt of all resolutions,
      certificates, statements, opinions, reports, documents, orders or other
      instruments furnished to it, which are specifically required to be furnished
      pursuant to any provision of this Agreement, shall examine them to determine
      whether they conform to the requirements of this Agreement; provided, however,
      that none of the Trustee, the Trust Administrator, the Paying Agent, the
      Certificate Registrar or the Authenticating Agent will be responsible for the
      accuracy or content of any such resolutions, certificates, statements, opinions,
      reports, documents or other instruments. If any such instrument is found not
      to
      conform to the requirements of this Agreement in a material manner, it shall
      take such action as it deems appropriate to have the instrument corrected,
      and
      if the instrument is not corrected to its satisfaction, it will provide notice
      thereof to the Certificateholders.

     

    No
      provision of this Agreement shall be construed to relieve the Trustee, the
      Trust
      Administrator, the Paying Agent, the Certificate Registrar or the Authenticating
      Agent from liability for its own negligent action, its own negligent failure
      to
      act or its own misconduct; provided, however, that:

     

    (i)  With
      respect to the Trustee, prior to the occurrence of a Master Servicer Event
      of
      Default, and after the curing of all such Master Servicer Events of Default
      which may have occurred, and with respect to the Trust Administrator, the Paying
      Agent, the Certificate Registrar and the Authenticating Agent, at all times,
      the
      duties and obligations of each of the Trustee, the Trust Administrator, the
      Paying Agent, the Certificate Registrar and the Authenticating Agent, shall
      be
      determined solely by the express provisions of this Agreement, none of the
      Trustee, the Trust Administrator, the Paying Agent, the Certificate Registrar
      or
      the Authenticating Agent shall be liable except for the performance of such
      duties and obligations as are specifically set forth in this Agreement, no
      implied covenants or obligations shall be read into this Agreement against
      the
      Trustee, the Trust Administrator, the Paying Agent, the Certificate Registrar
      or
      the Authenticating Agent and, in the absence of bad faith on the part of the
      Trustee, the Trust Administrator, the Paying Agent, the Certificate Registrar
      or
      the Authenticating Agent, as applicable, the Trustee, the Trust Administrator,
      the Paying Agent, the Certificate Registrar or the Authenticating Agent, as
      the
      case may be, may conclusively rely, as to the truth of the statements and the
      correctness of the opinions expressed therein, upon any certificates or opinions
      furnished to the Trustee, the Trust Administrator, the Paying Agent, the
      Certificate Registrar or the Authenticating Agent, as the case may be, that
      conform to the requirements of this Agreement;

     

    (ii)  None
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent shall be personally liable for any error
      of judgment made in good faith by a Responsible Officer or Responsible Officers
      of it unless it shall be proved that it was negligent in ascertaining the
      pertinent facts;

     

    (iii)  None
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent shall be personally liable with respect
      to
      any action taken, suffered or omitted to be taken by it in good faith in
      accordance with the direction of the Holders of Certificates entitled to at
      least 25% of the Voting Rights relating to the time, method and place of
      conducting any proceeding for any remedy available to the it or exercising
      any
      trust or power conferred upon it, under this Agreement; and

     

    (iv)  The
      Trustee shall not be required to take notice or be deemed to have notice or
      knowledge of any default unless a Responsible Officer of the Trustee shall
      have
      received written notice thereof or a Responsible Officer shall have actual
      knowledge thereof. In the absence of receipt of such notice or actual knowledge,
      the Trustee may conclusively assume there is no default.

     

    None
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent shall be required to expend or risk its
      own funds or otherwise incur financial liability in the performance of any
      of
      its duties hereunder, or in the exercise of any of its rights or powers, in
      each
      case not including expenses, disbursements and advances incurred or made by
      the
      Trustee, the Trust Administrator, the Paying Agent, the Certificate Registrar
      or
      the Authenticating Agent, as applicable, including the compensation and the
      expenses and disbursements of its agents and counsel, in the ordinary course
      of
      the Trustee’s, the Trust Administrator’s the Paying Agent’s, the Certificate
      Registrar’s or the Authenticating Agent’s, as the case may be, performance in
      accordance with the provisions of this Agreement, if there is reasonable ground
      for believing that the repayment of such funds or adequate indemnity against
      such risk or liability is not reasonably assured to it. With respect to the
      Trustee, none of the provisions contained in this Agreement shall in any event
      require the Trustee to perform, or be responsible for the manner of performance
      of, any of the obligations of the Master Servicer under this Agreement, except
      during such time, if any, as the Trustee shall be the successor to, and be
      vested with the rights, duties, powers and privileges of, the Master Servicer
      in
      accordance with the terms of this Agreement.

     

    
      	
              SECTION
                8.02  

            	
              Certain
                Matters Affecting the Trustee, the Trust Administrator and
                Others.

            

    

     

    (a)  Except
      as
      otherwise provided in Section 8.01:

     

    (i)  Each
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar and the Authenticating Agent and any director, officer, employee
      or
      agent of the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent, as the case may be, may request and
      conclusively rely upon and shall be fully protected in acting or refraining
      from
      acting upon any resolution, Officers’ Certificate, certificate of auditors or
      any other certificate, statement, instrument, opinion, report, notice, request,
      consent, order, appraisal, bond or other paper or document reasonably believed
      by it to be genuine and to have been signed or presented by the proper party
      or
      parties;

     

    (ii)  Each
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar and the Authenticating Agent may consult with counsel of its selection
      and any Opinion of Counsel shall be full and complete authorization and
      protection in respect of any action taken or suffered or omitted by it hereunder
      in good faith and in accordance with such Opinion of Counsel;

     

    (iii)  None
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent shall be under any obligation to exercise
      any of the trusts or powers vested in it by this Agreement or to institute,
      conduct or defend any litigation hereunder or in relation hereto at the request,
      order or direction of any of the Certificateholders, pursuant to the provisions
      of this Agreement, unless such Certificateholders shall have offered to the
      Trustee, the Trust Administrator, the Paying Agent, the Certificate Registrar
      or
      the Authenticating Agent, as applicable, security or indemnity satisfactory
      to
      it against the costs, expenses and liabilities which may be incurred therein
      or
      thereby; the right of the Trustee, the Trust Administrator, the Paying Agent,
      the Certificate Registrar or the Authenticating Agent to perform any
      discretionary act enumerated in this Agreement shall not be construed as a
      duty,
      and none of the Trustee, the Trust Administrator, the Paying Agent, the
      Certificate Registrar or the Authenticating Agent shall be answerable for other
      than its negligence or willful misconduct in the performance of any such act;
      nothing contained herein shall, however, relieve the Trustee of the obligation,
      upon the occurrence of a Master Servicer Event of Default (which has not been
      cured or waived), to exercise such of the rights and powers vested in it by
      this
      Agreement, and to use the same degree of care and skill in their exercise as
      a
      prudent person would exercise or use under the circumstances in the conduct
      of
      such person’s own affairs;

     

    (iv)  None
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent shall be personally liable for any action
      taken, suffered or omitted by it in good faith and believed by it to be
      authorized or within the discretion or rights or powers conferred upon it by
      this  Agreement;

     

    (v)  With
      respect to the Trustee, prior to the occurrence of a Master Servicer Event
      of
      Default hereunder, and after the curing of all Master Servicer Events of Default
      which may have occurred, and with respect to the Trust Administrator, the Paying
      Agent, the Certificate Registrar or the Authenticating Agent, at all times,
      none
      of the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent shall be bound to make any investigation
      into the facts or matters stated in any resolution, certificate, statement,
      instrument, opinion, report, notice, request, consent, order, approval, bond
      or
      other paper or document, unless requested in writing to do so by the Holders
      of
      Certificates entitled to at least 25% of the Voting Rights; provided, however,
      that if the payment within a reasonable time to the Trustee, the Trust
      Administrator, the Paying Agent, the Certificate Registrar or the Authenticating
      Agent, as applicable, of the costs, expenses or liabilities likely to be
      incurred by it in the making of such investigation is, in the opinion of the
      Trustee, the Trust Administrator, the Paying Agent, the Certificate Registrar
      or
      the Authenticating Agent, as applicable, not reasonably assured to the Trustee,
      the Trust Administrator, the Paying Agent, the Certificate Registrar or the
      Authenticating Agent, as applicable, by such Certificateholders, the Trustee,
      the Trust Administrator, the Paying Agent, the Certificate Registrar or the
      Authenticating Agent, as applicable, may require indemnity satisfactory to
      it
      against such cost, expense, or liability from such Certificateholders as a
      condition to taking any such action;

     

    (vi)  Each
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar and the Authenticating Agent may execute any of the trusts or powers
      hereunder or perform any duties hereunder either directly or by or through
      agents or attorneys and none of the Trustee, the Trust Administrator, the Paying
      Agent, the Certificate Registrar or the Authenticating Agent shall be
      responsible for any misconduct or negligence on the part of any agent or
      attorney appointed with due care;

     

    (vii)  None
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar or the Authenticating Agent shall be personally liable for any loss
      resulting from the investment of funds held in the Collection Account at the
      direction of the Master Servicer pursuant to Section 3.12; and

     

    (viii)  Any
      request or direction of the Depositor, the Master Servicer or the
      Certificateholders mentioned herein shall be sufficiently evidenced in
      writing.

     

    (b)  All
      rights of action under this Agreement or under any of the Certificates,
      enforceable by the Trustee, the Trust Administrator, the Paying Agent, the
      Certificate Registrar or the Authenticating Agent, may be enforced by it without
      the possession of any of the Certificates, or the production thereof at the
      trial or other proceeding relating thereto, and any such suit, action or
      proceeding instituted by the Trustee, the Trust Administrator, the Paying Agent,
      the Certificate Registrar or the Authenticating Agent shall be brought in its
      name for the benefit of all the Holders of such Certificates, subject to the
      provisions of this Agreement.

     

    
      	
              SECTION
                8.03  

            	
              Trustee,
                Trust Administrator and Others not Liable for Certificates or Mortgage
                Loans.

            

    

     

    The
      recitals contained herein and in the Certificates (other than the signatures
      of
      the Trustee, the Trust Administrator and Citibank hereto, the signature of
      the
      Paying Agent and the authentication of the Authenticating Agent on the
      Certificates, the acknowledgments of the Trustee and the Trust Administrator
      contained in Article II and the representations and warranties of the Trustee,
      the Trust Administrator and Citibank in Section 8.12) shall be taken as the
      statements of the Depositor and none of the Trustee, the Trust Administrator,
      the Paying Agent, the Certificate Registrar or the Authenticating Agent assumes
      any responsibility for their correctness. None of the Trustee, the Trust
      Administrator, the Paying Agent, the Certificate Registrar or the Authenticating
      Agent makes any representations or warranties as to the validity or sufficiency
      of this Agreement (other than as specifically set forth in Section 8.12) or
      of
      the Certificates (other than the signature of the Paying Agent and
      authentication of the Authenticating Agent on the Certificates) or of any
      Mortgage Loan or related document or of MERS or the MERS System. None of the
      Trustee, the Trust Administrator, the Paying Agent, the Certificate Registrar
      or
      the Authenticating Agent shall be accountable for the use or application by
      the
      Depositor of any of the Certificates or of the proceeds of such Certificates,
      or
      for the use or application of any funds paid to the Depositor or the Master
      Servicer in respect of the Mortgage Loans or deposited in or withdrawn from
      the
      Collection Account by the Master Servicer.

     

    
      	
              SECTION
                8.04  

            	
              Trustee,
                Trust Administrator and Others May Own
                Certificates.

            

    

     

    Each
      of
      the Trustee, the Trust Administrator, the Paying Agent, the Certificate
      Registrar and the Authenticating Agent in its individual capacity or any other
      capacity may become the owner or pledgee of Certificates with the same rights
      it
      would have if it were not the Trustee, the Trust Administrator, the Paying
      Agent, the Certificate Registrar or the Authenticating Agent, as
      applicable.

     

    
      	
              SECTION
                8.05  

            	
              Trustee’s,
                Trust Administrator’s, Paying Agent’s, Authenticating Agent’s, Certificate
                Registrar’s and Custodian’s Fees and
                Expenses.

            

    

     

    (a)  The
      compensation to be paid to the Trustee, the Trust Administrator, the Paying
      Agent, the Authenticating Agent and the Certificate Registrar in respect of
      each
      of its obligations under this Agreement or of a Custodian’s obligations under
      the Custodial Agreement will be the amounts paid by the Master Servicer from
      its
      own funds or from a portion of the compensation paid to the Master Servicer
      hereunder pursuant to letter agreements between the Master Servicer and the
      Trustee, the Trust Administrator, the Paying Agent, the Authenticating Agent,
      the Certificate Registrar and the Custodian (which compensation shall not be
      limited by any provision of law in regard to the compensation of a trustee
      of an
      express trust) and no such compensation shall be paid from the assets of the
      Trust. Each of the Trustee, the Trust Administrator, the Paying Agent, the
      Certificate Registrar, the Authenticating Agent, a Custodian and any director,
      officer, employee or agent of any of them, as applicable, shall be indemnified
      by the Trust Fund and held harmless against any loss, liability or expense
      (not
      including expenses, disbursements and advances incurred or made by the Trustee,
      the Trust Administrator, the Paying Agent, the Certificate Registrar, the
      Authenticating Agent or a Custodian, as applicable, including the compensation
      and the expenses and disbursements of its agents and counsel, in the ordinary
      course of the Trustee’s, the Trust Administrator’s the Paying Agent’s, the
      Certificate Registrar’s, the Authenticating Agent’s or a Custodian’s, as the
      case may be, performance in accordance with the provisions of this Agreement)
      incurred by the Trustee, the Trust Administrator, the Paying Agent, the
      Certificate Registrar, the Authenticating Agent or a Custodian, as applicable,
      in connection with any claim or legal action or any pending or threatened claim
      or legal action arising out of or in connection with the acceptance or
      administration of its obligations and duties under this Agreement (or, in the
      case of a Custodian, under the Custodial Agreement), other than any loss,
      liability or expense (i) resulting from any breach of the Master Servicer’s (and
      in the case of the Trustee, the Trust Administrator’s or the Paying Agent’s; in
      the case of the Trust Administrator, the Trustee’s or the Paying Agent’s; or in
      the case of the Paying Agent, the Trustee’s or the Trust Administrator’s)
      obligations in connection with this Agreement and the Mortgage Loans, (ii)
      that
      constitutes a specific liability of the Trustee, the Trust Administrator or
      the
      Paying Agent, as applicable, pursuant to Section 10.01(g) or (iii) any loss,
      liability or expense incurred by reason of willful misfeasance, bad faith or
      negligence in the performance of duties hereunder or by reason of reckless
      disregard of obligations and duties hereunder (or, in the case of a Custodian,
      under the Custodial Agreement) or as a result of a breach of the Trustee’s, the
      Trust Administrator’s or the Paying Agent’s obligations under Article X hereof
      (or, in the case of a Custodian, as a result of a breach of such Custodian’s
      obligations under the related Custodial Agreement). Any amounts payable to
      the
      Trustee, the Trust Administrator, the Paying Agent, the Certificate Registrar
      or
      the Authenticating Agent, a Custodian, or any director, officer, employee or
      agent of any of them in respect of the indemnification provided by this
      paragraph (a), or pursuant to any other right of reimbursement from the Trust
      Fund that the Trustee, the Trust Administrator, the Paying Agent, the
      Certificate Registrar, the Authenticating Agent, a Custodian or any director,
      officer, employee or agent of any of them may have hereunder in its capacity
      as
      such, may be withdrawn by the Paying Agent for payment to the applicable
      indemnified Person from the Distribution Account at any time.

     

    (b)  The
      Master Servicer agrees to indemnify the Trustee, the Trust Administrator, the
      Paying Agent, the Certificate Registrar, the Authenticating Agent and any
      Custodian from, and hold each harmless against, any loss, liability or expense
      resulting from a breach of the Master Servicer’s obligations and duties under
      this Agreement. Such indemnity shall survive the termination or discharge of
      this Agreement and the resignation or removal of the Trustee, the Trust
      Administrator, the Paying Agent, the Certificate Registrar, the Authenticating
      Agent or the Custodian, as the case may be. Any payment hereunder made by the
      Master Servicer to the Trustee, the Trust Administrator, the Paying Agent,
      the
      Certificate Registrar, the Authenticating Agent or Custodian shall be from
      the
      Master Servicer’s own funds, without reimbursement from the Trust Fund
      therefor.

     

    
      	
              SECTION
                8.06  

            	
              Eligibility
                Requirements for Trustee and Trust
                Administrator.

            

    

     

    Each
      of
      the Trustee and the Trust Administrator hereunder shall at all times be a
      corporation or an association organized and doing business under the laws of
      any
      state or the United States of America, authorized under such laws to exercise
      corporate trust powers, having a combined capital and surplus of at least
      $50,000,000 and subject to supervision or examination by federal or state
      authority. In case at any time the Trustee or the Trust Administrator shall
      cease to be eligible in accordance with the provisions of this Section, the
      Trustee or the Trust Administrator, as the case may be, shall resign immediately
      in the manner and with the effect specified in Section 8.07.

     

    
      	
              SECTION
                8.07  

            	
              Resignation
                and Removal of the Trustee and the Trust
                Administrator.

            

    

     

    Either
      of
      the Trustee or the Trust Administrator may at any time resign and be discharged
      from the trust hereby created by giving written notice thereof to the Depositor,
      the Master Servicer and the Certificateholders and, if the Trustee is resigning,
      to the Trust Administrator, or, if the Trust Administrator is resigning, to
      the
      Trustee. Upon receiving such notice of resignation, the Depositor shall promptly
      appoint a successor trustee or trust administrator (which may be the same Person
      in the event the Trust Administrator resigns or is removed) by written
      instrument, in duplicate, which instrument shall be delivered to the resigning
      Trustee or Trust Administrator and to the successor trustee or trust
      administrator, as applicable. A copy of such instrument shall be delivered
      to
      the Certificateholders, the Trustee or Trust Administrator, as applicable,
      and
      the Master Servicer by the Depositor. If no successor trustee or trust
      administrator shall have been so appointed and have accepted appointment within
      30 days after the giving of such notice of resignation, the resigning Trustee
      or
      Trust Administrator, as applicable, may petition any court of competent
      jurisdiction for the appointment of a successor trustee or trust administrator,
      as applicable.

     

    If
      at any
      time the Trustee or the Trust Administrator shall cease to be eligible in
      accordance with the provisions of Section 8.06 and shall fail to resign after
      written request therefor by the Depositor (or in the case of the Trust
      Administrator, the Trustee), or if at any time the Trustee or the Trust
      Administrator shall become incapable of acting, or shall be adjudged bankrupt
      or
      insolvent, or a receiver of the Trustee or the Trust Administrator or of its
      property shall be appointed, or any public officer shall take charge or control
      of the Trustee or the Trust Administrator or of its property or affairs for
      the
      purpose of rehabilitation, conservation or liquidation, then the Depositor
      (or
      in the case of the Trust Administrator, the Trustee) may remove the Trustee
      or
      the Trust Administrator, as applicable, and appoint a successor trustee or
      trust
      administrator (which may be the same Person in the event the Trust Administrator
      resigns or is removed) by written instrument, in duplicate, which instrument
      shall be delivered to the Trustee or Trust Administrator so removed and to
      the
      successor trustee or trust administrator. A copy of such instrument shall be
      delivered to the Certificateholders, the Trustee or the Trust Administrator,
      as
      applicable, and the Master Servicer by the Depositor.

     

    The
      Holders of Certificates entitled to at least 51% of the Voting Rights may at
      any
      time remove the Trustee or the Trust Administrator and appoint a successor
      trustee or trust administrator by written instrument or instruments, in
      triplicate, signed by such Holders or their attorneys-in-fact duly authorized,
      one complete set of which instruments shall be delivered to the Depositor,
      one
      complete set to the Trustee or the Trust Administrator, as the case may be,
      so
      removed and one complete set to the successor so appointed. A copy of such
      instrument shall be delivered to the Certificateholders and the Master Servicer
      by the Depositor.

     

    If
      no
      successor Trust Administrator shall have been appointed and shall have accepted
      appointment within 60 days after the Trust Administrator ceases to be the Trust
      Administrator pursuant to this Section 8.07, then the Trustee shall perform
      the
      duties of the Trust Administrator pursuant to this Agreement. The Trustee shall
      notify the Rating Agencies of any change of Trust Administrator.

     

    Any
      resignation or removal of the Trustee or the Trust Administrator and appointment
      of a successor trustee or trust administrator, as the case may be, pursuant
      to
      any of the provisions of this Section shall not become effective until
      acceptance of appointment by the successor trustee or trust administrator as
      provided in Section 8.08. Notwithstanding the foregoing, in the event the Trust
      Administrator advises the Trustee that it is unable to continue to perform
      its
      obligations pursuant to the terms of this Agreement prior to the appointment
      of
      a successor, the Trustee shall be obligated to perform such obligations until
      a
      new trust administrator is appointed. Such performance shall be without
      prejudice to any claim by a party hereto or beneficiary hereof resulting from
      the Trust Administrator’s breach of its obligations hereunder. As compensation
      therefor, the Trustee shall be entitled to all fees the Trust Administrator
      would have been entitled to if it had continued to act hereunder.

     

    
      	
              SECTION
                8.08  

            	
              Successor
                Trustee or Trust Administrator.

            

    

     

    Any
      successor trustee or trust administrator appointed as provided in Section 8.07
      shall execute, acknowledge and deliver to the Depositor, the Trustee or the
      Trust Administrator, as applicable, and to its predecessor trustee or trust
      administrator an instrument accepting such appointment hereunder, and thereupon
      the resignation or removal of the predecessor trustee or trust administrator
      shall become effective and such successor trustee or trust administrator,
      without any further act, deed or conveyance, shall become fully vested with
      all
      the rights, powers, duties and obligations of its predecessor hereunder, with
      the like effect as if originally named as trustee or trust administrator herein.
      The predecessor trustee or trust administrator shall deliver to the successor
      trustee or trust administrator all Mortgage Files and related documents and
      statements, as well as all moneys, held by it hereunder and the Depositor and
      the predecessor trustee or trust administrator shall execute and deliver such
      instruments and do such other things as may reasonably be required for more
      fully and certainly vesting and confirming in the successor trustee or trust
      administrator all such rights, powers, duties and obligations.

     

    No
      successor trustee or trust administrator shall accept appointment as provided
      in
      this Section unless at the time of such acceptance such successor trustee or
      trust administrator shall be eligible under the provisions of Section 8.06
      and
      the appointment of such successor trustee or trust administrator shall not
      result in a downgrading of any Class of Certificates by the Rating Agencies,
      as
      evidenced by a letter from the Rating Agencies.

     

    Upon
      acceptance of appointment by a successor trustee or trust administrator as
      provided in this Section, the Depositor shall mail notice of the succession
      of
      such trustee or trust administrator hereunder to all Holders of Certificates
      at
      their addresses as shown in the Certificate Register. If the Depositor fails
      to
      mail such notice within 10 days after acceptance of appointment by the successor
      trustee or trust administrator, the successor trustee or trust administrator
      shall cause such notice to be mailed at the expense of the
      Depositor.

     

    
      	
              SECTION
                8.09  

            	
              Merger
                or Consolidation of Trustee or Trust
                Administrator.

            

    

     

    Any
      corporation or association into which either the Trustee or the Trust
      Administrator may be merged or converted or with which it may be consolidated
      or
      any corporation or association resulting from any merger, conversion or
      consolidation to which the Trustee or the Trust Administrator, as the case
      may
      be, shall be a party, or any corporation or association succeeding to the
      business of the Trustee or the Trust Administrator, as applicable, shall be
      the
      successor of the Trustee or the Trust Administrator, as the case may be,
      hereunder, provided such corporation or association shall be eligible under
      the
      provisions of Section 8.06, without the execution or filing of any paper or
      any
      further act on the part of any of the parties hereto, anything herein to the
      contrary notwithstanding.

     

    
      	
              SECTION
                8.10  

            	
              Appointment
                of Co-Trustee or Separate Trustee.

            

    

     

    Notwithstanding
      any other provisions hereof, at any time, for the purpose of meeting any legal
      requirements of any jurisdiction in which any part of REMIC I-A or REMIC II-A
      or
      property securing the same may at the time be located, the Master Servicer
      and
      the Trustee acting jointly shall have the power and shall execute and deliver
      all instruments to appoint one or more Persons approved by the Trustee to act
      as
      co-trustee or co-trustees, jointly with the Trustee, or separate trustee or
      separate trustees, of all or any part of REMIC I-A or REMIC II-A, and to vest
      in
      such Person or Persons, in such capacity, such title to REMIC I-A or REMIC
      II-A,
      or any part thereof, and, subject to the other provisions of this Section 8.10,
      such powers, duties, obligations, rights and trusts as the Master Servicer
      and
      the Trustee may consider necessary or desirable. If the Master Servicer shall
      not have joined in such appointment within 15 days after the receipt by it
      of a
      request to do so, or in case a Master Servicer Event of Default shall have
      occurred and be continuing, the Trustee alone shall have the power to make
      such
      appointment. No co-trustee or separate trustee hereunder shall be required
      to
      meet the terms of eligibility as a successor trustee under Section 8.06
      hereunder and no notice to Holders of Certificates of the appointment of
      co-trustee(s) or separate trustee(s) shall be required under Section 8.08
      hereof.

     

    In
      the
      case of any appointment of a co-trustee or separate trustee pursuant to this
      Section 8.10 all rights, powers, duties and obligations conferred or imposed
      upon the Trustee shall be conferred or imposed upon and exercised or performed
      by the Trustee and such separate trustee or co-trustee jointly, except to the
      extent that under any law of any jurisdiction in which any particular act or
      acts are to be performed by the Trustee (whether as Trustee hereunder or as
      successor to the Master Servicer hereunder), the Trustee shall be incompetent
      or
      unqualified to perform such act or acts, in which event such rights, powers,
      duties and obligations (including the holding of title to REMIC I-A or REMIC
      II-A or any portion thereof in any such jurisdiction) shall be exercised and
      performed by such separate trustee or co-trustee at the direction of the
      Trustee.

     

    Any
      notice, request or other writing given to the Trustee shall be deemed to have
      been given to each of the then separate trustees and co-trustees, as effectively
      as if given to each of them. Every instrument appointing any separate trustee
      or
      co-trustee shall refer to this Agreement and the conditions of this Article
      VIII. Each separate trustee and co-trustee, upon its acceptance of the trust
      conferred, shall be vested with the estates or property specified in its
      instrument of appointment, either jointly with the Trustee or separately, as
      may
      be provided therein, subject to all the provisions of this Agreement,
      specifically including every provision of this Agreement relating to the conduct
      of, affecting the liability of, or affording protection to, the Trustee. Every
      such instrument shall be filed with the Trustee.

     

    Any
      separate trustee or co-trustee may, at any time, constitute the Trustee, its
      agent or attorney-in-fact, with full power and authority, to the extent not
      prohibited by law, to do any lawful act under or in respect of this Agreement
      on
      its behalf and in its name. If any separate trustee or co-trustee shall die,
      become incapable of acting, resign or be removed, all of its estates,
      properties, rights, remedies and trusts shall vest in and be exercised by the
      Trustee, to the extent permitted by law, without the appointment of a new or
      successor trustee.

     

    
      	
              SECTION
                8.11  

            	
               [intentionally
                omitted]

            

    

     

    
      	
              SECTION
                8.12  

            	
              Appointment
                of Office or Agency.

            

    

     

    The
      Trust
      Administrator or the Paying Agent on its behalf will appoint an office or agency
      in the City of New York where the Certificates may be surrendered for
      registration of transfer or exchange, and presented for final distribution,
      and
      where notices and demands to or upon the Certificate Registrar, the Paying
      Agent
      or the Trust Administrator in respect of the Certificates and this Agreement
      may
      be served.

     

    
      	
              SECTION
                8.13  

            	
              Representations
                and Warranties.

            

    

     

    Each
      of
      the Trustee, the Trust Administrator and Citibank hereby represents and warrants
      to the Master Servicer, the Depositor and the Trustee, the Trust Administrator
      and Citibank, as applicable, as of the Closing Date, that:

     

    (i)  It
      is
      duly organized, validly existing and in good standing under the laws of the
      State of New York, in the case of the Trust Administrator, and the laws of
      the
      United States, in the case of the Trustee and Citibank.

     

    (ii)  The
      execution and delivery of this Agreement by it, and the performance and
      compliance with the terms of this Agreement by it, will not violate its articles
      of association or bylaws or constitute a default (or an event which, with notice
      or lapse of time, or both, would constitute a default) under, or result in
      the
      breach of, any material agreement or other instrument to which it is a party
      or
      which is applicable to it or any of its assets.

     

    (iii)  It
      has
      the full power and authority to enter into and consummate all transactions
      contemplated by this Agreement, has duly authorized the execution, delivery
      and
      performance of this Agreement, and has duly executed and delivered this
      Agreement.

     

    (iv)  This
      Agreement, assuming due authorization, execution and delivery by the other
      parties hereto, constitutes a valid, legal and binding obligation of it,
      enforceable against it in accordance with the terms hereof, subject to (A)
      applicable bankruptcy, insolvency, receivership, reorganization, moratorium
      and
      other laws affecting the enforcement of creditors’ rights generally, and (B)
      general principles of equity, regardless of whether such enforcement is
      considered in a proceeding in equity or at law.

     

    (v)  It
      is not
      in violation of, and its execution and delivery of this Agreement and its
      performance and compliance with the terms of this Agreement will not constitute
      a violation of, any law, any order or decree of any court or arbiter, or any
      order, regulation or demand of any federal, state or local governmental or
      regulatory authority, which violation, in its good faith and reasonable
      judgment, is likely to affect materially and adversely either the ability of
      the
      it to perform its obligations under this Agreement or the financial condition
      of
      it.

     

    (vi)  No
      litigation is pending or, to the best of its knowledge, threatened against
      it
      which would prohibit it from entering into this Agreement or, in its good faith
      reasonable judgment, is likely to materially and adversely affect either the
      ability of it to perform its obligations under this Agreement or the financial
      condition of it.

     

    
      	
              SECTION
                8.14  

            	
              Appointment
                and Removal of Paying Agent, Authenticating Agent and Certificate
                Registrar.

            

    

     

    (a)  The
      Trust
      Administrator hereby appoints Citibank as Paying Agent and Citibank hereby
      accepts such appointment. The Paying Agent shall hold all amounts deposited
      with
      it by the Trust Administrator or the Master Servicer for payment on the
      Certificates in trust for the benefit of the Certificateholders until the
      amounts are paid to the Certificateholders or otherwise disposed of in
      accordance with this Agreement.

     

    Any
      corporation or national banking association into which the Paying Agent may
      be
      merged in or converted or with which it may be consolidated, or any corporation
      or national banking association resulting from any merger, conversion or
      consolidation to which such Paying Agent shall be a party, or any corporation
      or
      national banking association succeeding to the corporate agency or corporate
      trust business of the Paying Agent, shall continue to be the Paying Agent,
      provided such corporation or national banking association shall be otherwise
      eligible under this section 8.14(a), without the execution or filing of any
      paper or any further act on the part of the Trustee, the Trust Administrator
      or
      the Paying Agent.

     

    The
      Paying Agent may resign at any time by giving written notice thereof to the
      Trustee and the Trust Administrator. The Trust Administrator may at any time
      terminate the Paying Agent by giving written notice thereof to the Paying Agent
      and to the Trustee. Upon receiving such a notice of resignation or upon such
      a
      termination, or in case at any time such Paying Agent shall cease to be eligible
      in accordance with the provisions of this section 8.14(a), the Trust
      Administrator shall appoint a successor and shall mail written notice of such
      appointment by first-class mail, postage prepaid to all Certificateholders
      as
      their names and addresses appear in the Certificate Register and to the Rating
      Agencies. Following the termination or resignation of the Paying Agent and
      prior
      to the appointment of a successor Paying Agent, the Trust Administrator shall
      act as Paying Agent hereunder. Any successor Paying Agent upon acceptance of
      its
      appointment hereunder shall become vested with all the rights, powers and duties
      of its predecessor hereunder, with like effect as if originally named as the
      Paying Agent herein. No successor Paying Agent shall be appointed unless
      eligible under the provisions of this section 8.14(a).

     

    The
      Paying Agent and any successor Paying Agent (i) may not be an Originator, the
      Master Servicer, a subservicer, the Depositor or an affiliate of the Depositor
      unless the Paying Agent is an institutional trust department, (ii) must be
      authorized to exercise corporate trust powers under the laws of its jurisdiction
      of organization, and (iii) must at all times be rated at least “A1” by S&P
      if S&P is a Rating Agency and at least “A/F1” by Fitch if Fitch is a rating
      agency and the equivalent rating by Moody’s, if Moody’s is a Rating
      Agency.

     

    The
      Trust
      Administrator shall pay to the Paying Agent from its own funds reasonable
      compensation for its services hereunder, and such expense of the Trust
      Administrator shall not be payable from the Trust Fund and shall not be
      recoverable by the Trust Administrator from the assets of the Trust Fund
      pursuant to section 8.05 or any other provision of this Agreement.

     

    (b)  The
      Trust
      Administrator hereby appoints Citibank as  Authenticating Agent and
      Citibank hereby accepts such appointment. The Authenticating Agent shall be
      authorized to authenticate the Certificates, and Certificates so authenticated
      shall be entitled to the benefit of this Agreement.

     

    The
      Authenticating Agent shall at all times remain a corporation or national banking
      association organized and doing business under the laws of the United States
      of
      America, any state thereof or the District of Columbia, authorized under such
      laws to act as Authenticating Agent, having a combined capital and surplus
      of
      not less than $15,000,000, authorized under such laws to conduct a trust
      business and subject to supervision or examination by federal or state
      authority. If the Authenticating Agent publishes reports of condition at least
      annually, pursuant to law or to the requirements of said supervising or
      examining authority, then for the purposes of this section 8.14(b), the combined
      capital and surplus of the Authenticating Agent shall be deemed to be its
      combined capital and surplus as set forth in its most recent report of condition
      so published. If at any time an Authenticating Agent shall cease to be eligible
      in accordance with the provisions of this section 8.14(b), such Authenticating
      Agent shall resign immediately in the manner and with the effect specified
      in
      this section 8.14(b).

     

    Any
      corporation or national banking association into which the Authenticating Agent
      may be merged in or converted or with which it may be consolidated, or any
      corporation or national banking association resulting from any merger,
      conversion or consolidation to which such Authenticating Agent shall be a party,
      or any corporation or national banking association succeeding to the corporate
      agency or corporate trust business of the Authenticating Agent, shall continue
      to be the Authenticating Agent, provided such corporation or national banking
      association shall be otherwise eligible under this section 8.14(b), without
      the
      execution or filing of any paper or any further act on the part of the Trustee,
      the Trust Administrator or the Authenticating Agent.

     

    The
      Authenticating Agent may resign at any time by giving written notice thereof
      to
      the Trustee and the Trust Administrator. The Trust Administrator may at any
      time
      terminate the Authenticating Agent by giving written notice thereof to the
      Authenticating Agent and to the Trustee. Upon receiving such a notice of
      resignation or upon such a termination, or in case at any time such
      Authenticating Agent shall cease to be eligible in accordance with the
      provisions of this section 8.14(b), the Trust Administrator shall appoint a
      successor and shall mail written notice of such appointment by first-class
      mail,
      postage prepaid to all Certificateholders as their names and addresses appear
      in
      the Certificate Register. Following the termination or resignation of the
      Authenticating Agent and prior to the appointment of a successor Authenticating
      Agent, the Trust Administrator shall act as Authenticating Agent hereunder.
      Any
      successor Authenticating Agent upon acceptance of its appointment hereunder
      shall become vested with all the rights, powers and duties of its predecessor
      hereunder, with like effect as if originally named as the Authenticating Agent
      herein. No successor Authenticating Agent shall be appointed unless eligible
      under the provisions of this section 8.14(b).

     

    The
      Trust
      Administrator shall pay to the Authenticating Agent from its own funds
      reasonable compensation for its services hereunder, and such expense of the
      Trust Administrator shall not be payable from the Trust Fund and shall not
      be
      recoverable by the Trust Administrator from the assets of the Trust Fund
      pursuant to section 8.05 or any other provision of this Agreement.

     

    (c)  The
      Trust
      Administrator hereby appoints Citibank as Certificate Registrar and Citibank
      hereby accepts such appointment.

     

    Any
      corporation or national banking association into which the Certificate Registrar
      may be merged in or converted or with which it may be consolidated, or any
      corporation or national banking association resulting from any merger,
      conversion or consolidation to which such Certificate Registrar shall be a
      party, or any corporation or national banking association succeeding to the
      corporate agency or corporate trust business of the Certificate Registrar,
      shall
      continue to be the Certificate Registrar, provided such corporation or national
      banking association shall be otherwise eligible under this section 8.14(c),
      without the execution or filing of any paper or any further act on the part
      of
      the Trustee, the Trust Administrator or the Certificate Registrar.

     

    The
      Certificate Registrar may resign at any time by giving written notice thereof
      to
      the Trustee and the Trust Administrator. The Trust Administrator may at any
      time
      terminate the Certificate Registrar by giving written notice thereof to the
      Certificate Registrar and to the Trustee.

     

    Upon
      receiving such a notice of resignation or upon such a termination, or in case
      at
      any time such Certificate Registrar shall cease to be eligible in accordance
      with the provisions of this section 8.14(c), the Trust Administrator shall
      appoint a successor and shall mail written notice of such appointment by
      first-class mail, postage prepaid to all Certificateholders as their names
      and
      addresses appear in the Certificate Register. Following the termination or
      resignation of the Certificate Registrar and prior to the appointment of a
      successor Certificate Registrar, the Trust Administrator shall act as
      Certificate Registrar hereunder. Any successor Certificate Registrar upon
      acceptance of its appointment hereunder shall become vested with all the rights,
      powers and duties of its predecessor hereunder, with like effect as if
      originally named as the Certificate Registrar herein. No successor Certificate
      Registrar shall be appointed unless eligible under the provisions of this
      section 8.14(c).

     

    The
      Trust
      Administrator shall pay to the Certificate Registrar from its own funds
      reasonable compensation for its services hereunder, and such expense of the
      Trust Administrator shall not be payable from the Trust Fund and shall not
      be
      recoverable by the Trust Administrator from the assets of the Trust Fund
      pursuant to section 8.05 or any other provision of this Agreement.

     

    (d)  Notwithstanding
      anything to the contrary herein, in no event shall the Trustee be liable to
      any
      party hereto or to any third party for the performance of any custody-related
      functions with respect to which the Custodian shall fail to take action on
      behalf of the Trustee or, with respect to which the performance of
      custody-related functions pursuant to the terms of the custodial agreement
      with
      the Custodian shall fail to satisfy all the related requirements under this
      Agreement.

     

    (e)  The
      Paying Agent, in its capacity as Cap Trustee, is hereby directed to execute
      and
      deliver the Interest Rate Cap Agreement on behalf of Party B (as defined in
      the
      Interest Rate Cap Agreement)  and to perform the obligations of Party
      B thereunder on the Closing Date and thereafter on behalf of the holders of
      the
      Offered Certificates.  The Master Servicer, the Trust Administrator,
      the Depositor and the Certificateholders by acceptance of the Offered
      Certificates acknowledge and agree that the Paying Agent, in its capacity as
      Cap
      Trustee, shall execute and deliver the Interest Rate Cap Agreement on behalf
      of
      Party B (as defined in the Interest Rate Cap Agreement) and to perform the
      obligations of Party B thereunder and shall do so solely in its capacity as
      Cap
      Trustee and not in its individual capacity.

     

    
      	
              SECTION
                8.15  

            	
              No
                Trustee Liability for Actions or Inactions of
                Custodians.

            

    

     

    Notwithstanding
      anything to the contrary herein, in no event shall the Trustee be liable to
      any
      party hereto or to any third party for the performance of any custody-related
      functions with respect to which the Custodian shall fail to take action on
      behalf of the Trustee or, with respect to which the performance of
      custody-related functions pursuant to the terms of the custodial agreement
      with
      the Custodian shall fail to satisfy all the related requirements under this
      Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      IX

     

    TERMINATION

     

    
      	
              SECTION
                9.01  

            	
              Termination
                Upon Repurchase or Liquidation of the Mortgage
                Loans.

            

    

     

    (a)  Subject
      to Section 9.02, the respective obligations and responsibilities under this
      Agreement of the Depositor, the Master Servicer, the Trustee, the Paying Agent,
      the Certificate Registrar, the Authenticating Agent and the Trust Administrator
      with respect to the Group 1 Mortgage Loans (other than the obligations of the
      Master Servicer to the Trustee and the Trust Administrator pursuant to Section
      8.05 and of the Master Servicer and the Trust Administrator to provide for
      and
      the Paying Agent to make payments to the Holders of the Group 1 Certificates
      as
      hereinafter set forth) shall terminate upon payment to the Holders of the Group
      1 Certificates and the deposit of all amounts held by or on behalf of the
      Trustee or the Trust Administrator and required hereunder to be so paid or
      deposited on the Distribution Date coinciding with or following the earlier
      to
      occur of (i) the purchase by the applicable Terminator of all Group 1 Mortgage
      Loans and each related REO Property remaining in REMIC I-A and (ii) the final
      payment or other liquidation (or any advance with respect thereto) of the last
      Group 1 Mortgage Loan or related REO Property remaining in REMIC I-A. The
      purchase by the applicable Terminator of all Group 1 Mortgage Loans and each
      related REO Property remaining in REMIC I-A shall be at a price (the “Group 1
      Termination Price”) equal to the Purchase Price of the Group 1 Mortgage Loans
      included in REMIC I-A, plus the appraised value of each related REO Property,
      if
      any, included in REMIC I-A, such appraisal to be conducted by an appraiser
      mutually agreed upon by the Master Servicer and the Trustee in their reasonable
      discretion (as determined by the Master Servicer, with the consent of the
      Trustee, as of the close of business on the third Business Day next preceding
      the date upon which notice of any such termination is furnished to Holders
      of
      the Group 1 Certificates pursuant to Section 9.01(e)).

     

    (b)  Subject
      to Section 9.02, the respective obligations and responsibilities under this
      Agreement of the Depositor, the Master Servicer, the Trustee, the Paying Agent,
      the Certificate Registrar, the Authenticating Agent and the Trust Administrator
      with respect to the Group 2 Mortgage Loans (other than the obligations of the
      Master Servicer to the Trustee and the Trust Administrator pursuant to Section
      8.05 and of the Master Servicer and the Trust Administrator to provide for
      and
      the Paying Agent to make payments to the Holders of the Group 2 Certificates
      as
      hereinafter set forth) shall terminate upon payment to the Holders of the Group
      2 Certificates and the deposit of all amounts held by or on behalf of the
      Trustee or the Trust Administrator and required hereunder to be so paid or
      deposited on the Distribution Date coinciding with or following the earlier
      to
      occur of (i) the purchase by the applicable Terminator of all Group 2 Mortgage
      Loans and each related REO Property remaining in REMIC II-A and (ii) the final
      payment or other liquidation (or any advance with respect thereto) of the last
      Group 2 Mortgage Loan or related REO Property remaining in REMIC II-A. The
      purchase by the applicable Terminator of all Group 2 Mortgage Loans and each
      related REO Property remaining in REMIC II-A shall be at a price (the “Group 2
      Termination Price”) equal to the Purchase Price of the Group 2 Mortgage Loans
      included in REMIC II-A, plus the appraised value of each related REO Property,
      if any, included in REMIC II-A, such appraisal to be conducted by an appraiser
      mutually agreed upon by the Master Servicer and the Trustee in their reasonable
      discretion (as determined by the Master Servicer, with the consent of the
      Trustee, as of the close of business on the third Business Day next preceding
      the date upon which notice of any such termination is furnished to Holders
      of
      the Group 2 Certificates pursuant to Section 9.01(e)).

     

    (c)  [Reserved].

     

    (d)  The
      related Terminator shall have the right to purchase all of the Group 1 Mortgage
      Loans and each REO Property remaining in REMIC I-A and/or all of the Group
      2
      Mortgage Loans and each REO Property remaining in REMIC II-A pursuant to Section
      9.01(a)(i) or Section 9.01(b)(i), as applicable, no later than the Determination
      Date in the month immediately preceding the Distribution Date on which the
      Group
      1 Certificates or the Group 2 Certificates, as applicable, will be retired;
      provided, however, that the related Terminator, as provided above, may elect
      to
      purchase (i) all of the Group 1 Mortgage Loans and each REO Property remaining
      in REMIC I-A pursuant to Section 9.01(a)(i) only if the aggregate Stated
      Principal Balance of the Group 1 Mortgage Loans and each REO Property remaining
      in REMIC I-A at the time of such election is reduced to less than 10% of the
      aggregate Stated Principal Balance of the Group 1 Mortgage Loans at the Cut-off
      Date and/or (ii) all of the Group 2 Mortgage Loans and each REO Property
      remaining in REMIC II-A pursuant to Section 9.01(b)(i) only if the aggregate
      Stated Principal Balance of the Group 2 Mortgage Loans and each REO Property
      remaining in REMIC II-A at the time of such election is reduced to less than
      10%
      of the aggregate Stated Principal Balance of the Group 2 Mortgage Loans at
      the
      Cut-off Date. For federal income tax purposes, the purchase by the related
      Terminator of the Mortgage Loans and the REO Properties underlying the
      Certificates is intended to facilitate a redemption of such Certificates
      pursuant to a “cleanup call” within the meaning of Treasury regulation section
      1.860G-2(j). Notwithstanding the foregoing, the applicable Terminator shall
      have
      the right to transfer, sell or assign its rights to purchase the Mortgage Loans
      and each REO Property remaining in REMIC I-A or REMIC II-A.

     

    (e)  Notice
      of
      the liquidation of any Certificates shall be given promptly by the Paying Agent
      by letter to the related Certificateholders (with a copy to the Trustee and
      the
      Trust Administrator mailed (a) in the event such notice is given in connection
      with the purchase of either the Group 1 Mortgage Loans or the Group 2 Mortgage
      Loans and each related REO Property remaining in REMIC I-A or REMIC II-A, as
      applicable, by the related Terminator, not earlier than the 15th day and not
      later than the 25th day of the month next preceding the month of the final
      distribution on the related Certificates or (b) otherwise during the month
      of
      such final distribution on or before the Determination Date in such month,
      in
      each case specifying (i) the Distribution Date upon which REMIC I-A or REMIC
      II-A, as applicable, will terminate and final payment of the Group 1
      Certificates or the Group 2 Certificates, as applicable, will be made upon
      presentation and surrender of the Certificates at the office of the Certificate
      Registrar therein designated, (ii) the amount of any such final payment, (iii)
      that no interest shall accrue in respect of the Certificates from and after
      the
      Interest Accrual Period relating to the final Distribution Date therefor and
      (iv) that the Record Date otherwise applicable to such Distribution Date is
      not
      applicable, payments being made only upon presentation and surrender of the
      Certificates at the office of the Certificate Registrar. In the event such
      notice is given in connection with the purchase of all of the Group 1 Mortgage
      Loans or the Group 2 Mortgage Loans and each related REO Property remaining
      in
      REMIC I-A or REMIC II-A, as applicable, by the related Terminator, the related
      Terminator shall deliver to the Paying Agent for deposit in the Distribution
      Account (with notice to the Trustee and the Trust Administrator) not later
      than
      the last Business Day of the month next preceding the month in which such
      distribution will be made an amount in immediately available funds equal to
      the
      Group 1 Termination Price or the Group 2 Termination Price, as applicable.
      Upon
      certification to the Trustee by a Servicing Officer of the making of such final
      deposit, the Trustee shall promptly release or cause to be released to the
      related Terminator the Mortgage Files for the remaining Group 1 Mortgage Loans
      or Group 2 Mortgage Loans, as applicable, and the Trustee shall execute all
      assignments, endorsements and other instruments delivered to it which are
      necessary to effectuate such transfer.

     

    (f)  Upon
      receipt of notice by the Paying Agent of the presentation of the Certificates
      by
      the Certificateholders on the related final Distribution Date to the Certificate
      Registrar, the Paying Agent shall distribute to each Certificateholder so
      presenting and surrendering its Certificates the amount otherwise distributable
      on such Distribution Date in accordance with Section 4.01 in respect of the
      Certificates so presented and surrendered. Any funds not distributed to any
      Holder or Holders of Certificates being retired on such Distribution Date
      because of the failure of such Holder or Holders to tender their Certificates
      shall, on such date, be set aside and held in trust by the Paying Agent and
      credited to the account of the appropriate non-tendering Holder or Holders.
      If
      any Certificates as to which notice has been given pursuant to this Section
      9.01
      shall not have been surrendered for cancellation within six months after the
      time specified in such notice, the Paying Agent shall mail a second notice
      to
      the remaining non-tendering Certificateholders to surrender their Certificates
      for cancellation in order to receive the final distribution with respect
      thereto. If within one year after the second notice all such Certificates shall
      not have been surrendered for cancellation, the Paying Agent shall, directly
      or
      through an agent, mail a final notice to remaining related non-tendering
      Certificateholders concerning surrender of their Certificates. The costs and
      expenses of maintaining the funds in trust and of contacting such
      Certificateholders shall be paid out of the assets remaining in the trust funds.
      If within one year after the final notice any such Certificates shall not have
      been surrendered for cancellation, the Paying Agent shall pay to Citigroup
      Global Markets Inc. all such amounts, and all rights of non-tendering
      Certificateholders in or to such amounts shall thereupon cease. No interest
      shall accrue or be payable to any Certificateholder on any amount held in trust
      by the Paying Agent as a result of such Certificateholder’s failure to surrender
      its Certificate(s) for final payment thereof in accordance with this Section
      9.01.

     

    Immediately
      following the deposit of funds in trust hereunder in respect of each of the
      Group 1 Certificates and the Group 2 Certificates, the Trust Fund shall
      terminate. In no event shall the trust created hereby continue beyond the
      earlier of (a) the Latest Possible Maturity Date and (b) expiration of 21 years
      from the death of the last survivor of the descendants of Joseph P. Kennedy,
      the
      late ambassador of the United States to the Court of St. James, living on the
      date hereof.

     

    
      	
              SECTION
                9.02  

            	
              Additional
                Termination Requirements.

            

    

     

    (a)  In
      the
      event that the related Terminator purchases all the Group 1 Mortgage Loans
      and
      each related REO Property or all the Group 2 Mortgage Loans and each related
      REO
      Property, REMIC I-A (in the case of a purchase of all the Group 1 Mortgage
      Loans
      and each related REO Property) or REMIC II-A (in the case of a purchase of
      all
      the Group 2 Mortgage Loans and each related REO Property) shall be terminated,
      in each case in accordance with the following additional requirements (or in
      connection with the final payment on or other liquidation of the last Group
      1
      Mortgage Loan or related REO Property remaining in REMIC I-A or the last Group
      2
      Mortgage Loan or related REO Property remaining in REMIC II-A, the additional
      requirement specified in clause (i) below):

     

    (i)  The
      Trust
      Administrator shall specify the first day in the 90-day liquidation period
      in a
      statement attached to REMIC I-A’s, REMIC I-B’s and REMIC I-C’s or REMIC II-A’s,
      REMIC II-B’s and REMIC II-C’s, as applicable, final Tax Return pursuant to
      Treasury regulation Section 1.860F-1, and such termination shall satisfy all
      requirements of a qualified liquidation under Section 860F of the Code and
      any
      regulations thereunder, as evidenced by an Opinion of Counsel obtained at the
      expense of the Master Servicer;

     

    (ii)  During
      such 90-day liquidation period, and at or prior to the time of making of the
      final payment on the Certificates, the Trust Administrator on behalf of the
      Trustee shall sell all of the assets of REMIC I-A or REMIC II-A, as applicable,
      to the related Terminator for cash; and

     

    (iii)  At
      the
      time of the making of the final payment on the related Certificates, the Paying
      Agent shall distribute or credit, or cause to be distributed or credited, to
      the
      Holders of the Class 1-R Certificates all cash on hand in REMIC I-A and to
      the
      Holders of the Class 2-R Certificates all cash on hand in REMIC II-A (in each
      case other than cash retained to meet claims), and either REMIC I-A or REMIC
      II-A, as applicable, shall terminate at that time.

     

    (b)  At
      the
      expense of the related Terminator (or in the event of termination under Section
      9.01(a)(ii) or Section 9.01(b)(ii), at the expense of the Trust Administrator),
      the Trust Administrator shall prepare or cause to be prepared the documentation
      required in connection with the adoption of a plan of liquidation of each REMIC,
      as applicable, pursuant to this Section 9.02.

     

    (c)  By
      their
      acceptance of Certificates, the Holders thereof hereby agree to authorize the
      Trust Administrator to specify the 90-day liquidation period for each REMIC,
      as
      applicable, which authorization shall be binding upon all successor
      Certificateholders.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      X

     

    REMIC
      PROVISIONS

     

    
      	
              SECTION
                10.01  

            	
              REMIC
                Administration.

            

    

     

    (a)  The
      Trustee shall elect to treat each REMIC created hereunder as a REMIC under
      the
      Code and, if necessary, under applicable state law. Such election will be made
      by the Trust Administrator on behalf of the Trustee on Form 1066 or other
      appropriate federal tax or information return or any appropriate state return
      for the taxable year ending on the last day of the calendar year in which the
      Certificates are issued. For the purposes of the REMIC election in respect
      of
      REMIC I-A, the REMIC I-A Regular Interests shall be designated as the Regular
      Interests in REMIC I-A and the Class R-IA Residual Interest shall be designated
      as the Residual Interests in REMIC I-A.  For the purposes of the REMIC
      election in respect of REMIC I-B, the REMIC I-B Regular Interests shall be
      designated as the Regular Interests in REMIC I-B and the Class R-IB Residual
      Interest shall be designated as the Residual Interests in REMIC
      I-B.  For the purposes of the REMIC election in respect of REMIC I-C,
      the Group 1 Certificates or Components thereof (other than the Class 1-R
      Certificates), shall be designated as the Regular Interests in REMIC I-C and
      the
      Class R-IC Residual Interest shall be designated as the Residual Interest in
      REMIC I-C.  Neither the Trustee nor the Trust Administrator shall
      permit the creation of any “interests” in REMIC I-A, REMIC I-B or REMIC I-C
      (within the meaning of Section 860G of the Code) other than the REMIC I-A
      Regular Interests, REMIC I-B Regular Interests and the Group 1 Certificates.
      For
      the purposes of the REMIC election in respect of REMIC II-A, the REMIC II-A
      Regular Interests shall be designated as the Regular Interests in REMIC II-A
      and
      the Class R-IIA Residual Interest shall be designated as the Residual Interests
      in REMIC II-A.  For the purposes of the REMIC election in respect of
      REMIC II-B, the REMIC II-B Regular Interests shall be designated as the Regular
      Interests in REMIC II-B and the Class R-IIB Residual Interest shall be
      designated as the Residual Interests in REMIC II-B.  For the purposes
      of the REMIC election in respect of REMIC II-C, the Group 1 Certificates or
      Components thereof (other than the Class 2-R Certificates), shall be designated
      as the Regular Interests in REMIC II-C and the Class R-IIC Residual Interest
      shall be designated as the Residual Interest in REMIC II-C.  Neither
      the Trustee nor the Trust Administrator shall permit the creation of any
“interests” in REMIC II-A, REMIC II-B or REMIC II-C (within the meaning of
      Section 860G of the Code) other than the REMIC II-A Regular Interests, the
      REMIC
      II-B Regular Interests and the Group 2 Certificates. The Trustee shall elect
      to
      treat each REMIC created hereunder as a REMIC under the Code and, if necessary,
      under applicable state law. Such election will be made by the Trust
      Administrator on behalf of the Trustee on Form 1066 or other appropriate federal
      tax or information return or any appropriate state return for the taxable year
      ending on the last day of the calendar year in which the Certificates are
      issued.

     

    (b)  The
      Closing Date is hereby designated as the “Startup Day” of each REMIC created
      hereunder within the meaning of Section 860G(a)(9) of the Code.

     

    (c)  The
      Trust
      Administrator shall pay any and all expenses relating to any tax audit of the
      Trust Fund (including, but not limited to, any professional fees or any
      administrative or judicial proceedings with respect to any Trust REMIC that
      involve the Internal Revenue Service or state tax authorities), and shall be
      entitled to reimbursement from the Trust therefor to the extent permitted under
      Section 8.05. The Trust Administrator, as agent for any Trust REMIC’s tax
      matters person, shall (i) act on behalf of the Trust Fund in relation to any
      tax
      matter or controversy involving any Trust REMIC and (ii) represent the Trust
      Fund in any administrative or judicial proceeding relating to an examination
      or
      audit by any governmental taxing authority with respect thereto. The Holder
      of
      the largest Percentage Interest of the Residual Certificates shall be
      designated, in the manner provided under Treasury regulations section
      1.860F-4(d) and Treasury regulations section 301.6231(a)(7)-1, as the tax
      matters person of the REMIC created hereunder. By its acceptance thereof, the
      Holder of the largest Percentage Interest of the Residual Certificates hereby
      agrees to irrevocably appoint the Trust Administrator or an Affiliate as its
      agent to perform all of the duties of the tax matters person for the Trust
      Fund.

     

    (d)  The
      Trust
      Administrator shall prepare and the Trustee at the direction of the Trust
      Administrator shall sign and the Trust Administrator shall file all of the
      Tax
      Returns in respect of the REMIC created hereunder. The expenses of preparing
      and
      filing such returns shall be borne by the Trust Administrator without any right
      of reimbursement therefor. The Master Servicer shall provide on a timely basis
      to the Trust Administrator or its designee such information with respect to
      the
      assets of the Trust Fund as is in its possession and reasonably required by
      the
      Trust Administrator to enable it to perform its obligations under this
      Article.

     

    (e)  The
      Trust
      Administrator shall perform on behalf of any Trust REMIC all reporting and
      other
      tax compliance duties that are the responsibility of the REMIC under the Code,
      the REMIC Provisions or other compliance guidance issued by the Internal Revenue
      Service or any state or local taxing authority including the filing of Form
      8811
      with the Internal Revenue Service within 30 days following the Closing Date.
      Among its other duties, as required by the Code, the REMIC Provisions or other
      such compliance guidance, the Trust Administrator shall provide (i) to any
      Transferor of a Residual Certificate such information as is necessary for the
      application of any tax relating to the transfer of a Residual Certificate to
      any
      Person who is not a Permitted Transferee, (ii) to the Certificateholders such
      information or reports as are required by the Code or the REMIC Provisions
      including reports relating to interest, original issue discount and market
      discount or premium (using the Prepayment Assumption as required) and (iii)
      to
      the Internal Revenue Service the name, title, address and telephone number
      of
      the person who will serve as the representative of any Trust REMIC. The Master
      Servicer shall provide on a timely basis to the Trust Administrator such
      information with respect to the assets of the Trust Fund, including, without
      limitation, the Mortgage Loans, as is in its possession and reasonably required
      by the Trust Administrator to enable it to perform its obligations under this
      subsection. In addition, the Depositor shall provide or cause to be provided
      to
      the Trust Administrator, within ten (10) days after the Closing Date, all
      information or data that the Trust Administrator reasonably determines to be
      relevant for tax purposes as to the valuations and issue prices of the
      Certificates, including, without limitation, the price, yield, Prepayment
      Assumption and projected cash flow of the Certificates.

     

    (f)  The
      Master Servicer, the Trustee and the Trust Administrator shall take such action
      and shall cause any Trust REMIC to take such action as shall be necessary to
      create or maintain the status thereof as a REMIC under the REMIC Provisions.
      The
      Master Servicer, the Trustee and the Trust Administrator shall not take any
      action, cause the Trust Fund to take any action or fail to take (or fail to
      cause to be taken) any action that, under the REMIC Provisions, if taken or
      not
      taken, as the case may be, could (i) endanger the status of any Trust REMIC
      as a
      REMIC or (ii) result in the imposition of a tax upon the Trust Fund (including
      but not limited to the tax on prohibited transactions as defined in Section
      860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in
      Section 860G(d) of the Code) (either such event, an “Adverse REMIC Event”)
      unless the Trustee and the Trust Administrator have received an Opinion of
      Counsel, addressed to the Trustee and the Trust Administrator (at the expense
      of
      the party seeking to take such action but in no event at the expense of the
      Trust Administrator or the Trustee) to the effect that the contemplated action
      will not, with respect to any Trust REMIC, endanger such status or result in
      the
      imposition of such a tax, nor shall the Master Servicer take or fail to take
      any
      action (whether or not authorized hereunder) as to which the Trustee or the
      Trust Administrator has advised it in writing that it has received an Opinion
      of
      Counsel to the effect that an Adverse REMIC Event could occur with respect
      to
      such action. In addition, prior to taking any action with respect to any Trust
      REMIC or its assets, or causing any Trust REMIC to take any action, which is
      not
      contemplated under the terms of this Agreement, the Master Servicer will consult
      with the Trustee and the Trust Administrator or their designee, in writing,
      with
      respect to whether such action could cause an Adverse REMIC Event to occur
      with
      respect to any Trust REMIC, and the Master Servicer shall not take any such
      action or cause any Trust REMIC to take any such action as to which the Trustee
      or the Trust Administrator has advised it in writing that an Adverse REMIC
      Event
      could occur. The Trust Administrator and the Trustee may consult with counsel
      to
      make such written advice, and the cost of same shall be borne by the party
      seeking to take the action not permitted by this Agreement, but in no event
      shall such cost be an expense of the Trustee or the Trust Administrator. At
      all
      times as may be required by the Code, the Trust Administrator, the Trustee
      or
      the Master Servicer will ensure that substantially all of the assets of any
      Trust REMIC will consist of “qualified mortgages” as defined in Section
      860G(a)(3) of the Code and “permitted investments” as defined in Section
      860G(a)(5) of the Code.

     

    (g)  In
      the
      event that any tax is imposed on “prohibited transactions” of the REMIC created
      hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from
      foreclosure property” of the REMIC as defined in Section 860G(c) of the Code, on
      any contributions to the REMIC after the Startup Day therefor pursuant to
      Section 860G(d) of the Code, or any other tax is imposed by the Code or any
      applicable provisions of state or local tax laws, such tax shall be charged
      (i)
      to the Trust Administrator pursuant to Section 10.03 hereof, if such tax arises
      out of or results from a breach by the Trust Administrator of any of its
      obligations under this Article X, (ii) to the Trustee pursuant to Section 10.03
      hereof, if such tax arises out of or results from a breach by the Trustee of
      any
      of its obligations under this Article X, (iii) to the Master Servicer pursuant
      to Section 10.03 hereof, if such tax arises out of or results from a breach
      by
      the Master Servicer of any of its obligations under Article III or this Article
      X, (iv) to the Paying Agent pursuant to Section 10.03 hereof, if such tax arises
      out of or results from a breach by the Paying Agent of any of its obligations
      under this Article X, or otherwise (v) against amounts on deposit in the
      Distribution Account and shall be paid by withdrawal therefrom.

     

    (h)  [Reserved].

     

    (i)  The
      Trust
      Administrator shall, for federal income tax purposes, maintain books and records
      with respect to any Trust REMIC on a calendar year and on an accrual
      basis.

     

    (j)  Following
      the Startup Day, the Master Servicer, the Trustee and the Trust Administrator
      shall not accept any contributions of assets to any Trust REMIC other than
      in
      connection with any Qualified Substitute Mortgage Loan delivered in accordance
      with Section 2.03 unless it shall have received an Opinion of Counsel to the
      effect that the inclusion of such assets in the Trust Fund will not cause the
      REMIC to fail to qualify as a REMIC at any time that any Certificates are
      outstanding or subject the REMIC to any tax under the REMIC Provisions or other
      applicable provisions of federal, state and local law or
      ordinances.

     

    (k)  None
      of
      the Trustee, the Trust Administrator or the Master Servicer shall enter into
      any
      arrangement by which any Trust REMIC will receive a fee or other compensation
      for services nor permit either such REMIC to receive any income from assets
      other than “qualified mortgages” as defined in Section 860G(a)(3) of the Code or
“permitted investments” as defined in Section 860G(a)(5) of the
      Code.

     

    
      	
              SECTION
                10.02  

            	
              Prohibited
                Transactions and Activities.

            

    

     

    None
      of
      the Depositor, the Master Servicer, the Trust Administrator, the Paying Agent
      or
      the Trustee shall sell, dispose of or substitute for any of the Mortgage Loans
      (except in connection with (i) the foreclosure of a Mortgage Loan, including
      but
      not limited to, the acquisition or sale of a Mortgaged Property acquired by
      deed
      in lieu of foreclosure, (ii) the bankruptcy of any Trust REMIC, (iii) the
      termination of any Trust REMIC pursuant to Article IX of this Agreement, (iv)
      a
      substitution pursuant to Article II of this Agreement or (v) a purchase of
      Mortgage Loans pursuant to Article II or III of this Agreement), nor acquire
      any
      assets for any Trust REMIC (other than REO Property acquired in respect of
      a
      defaulted Mortgage Loan), nor sell or dispose of any investments in the
      Collection Account or the Distribution Account for gain, nor accept any
      contributions to any Trust REMIC after the Closing Date (other than a Qualified
      Substitute Mortgage Loan delivered in accordance with Section 2.03), unless
      it
      has received an Opinion of Counsel, addressed to the Trustee and the Trust
      Administrator (at the expense of the party seeking to cause such sale,
      disposition, substitution, acquisition or contribution but in no event at the
      expense of the Trustee or the Trust Administrator) that such sale, disposition,
      substitution, acquisition or contribution will not (a) affect adversely the
      status of any Trust REMIC as a REMIC or (b) cause any Trust REMIC to be subject
      to a tax on “prohibited transactions” or “contributions” pursuant to the REMIC
      Provisions.

     

    
      	
              SECTION
                10.03  

            	
              Master
                Servicer and Trust Administrator
                Indemnification.

            

    

     

    (a)  The
      Trust
      Administrator agrees to indemnify the Trust Fund, the Depositor, the Master
      Servicer and the Trustee for any taxes and costs including, without limitation,
      any reasonable attorneys fees imposed on or incurred by the Trust Fund, the
      Depositor, the Master Servicer or the Trustee as a result of a breach of the
      Trust Administrator’s covenants set forth in this Article X.

     

    (b)  The
      Master Servicer agrees to indemnify the Trust Fund, the Depositor, the Trust
      Administrator and the Trustee for any taxes and costs including, without
      limitation, any reasonable attorneys’ fees imposed on or incurred by the Trust
      Fund, the Depositor, the Trust Administrator or the Trustee, as a result of
      a
      breach of the Master Servicer’s covenants set forth in Article III or this
      Article X.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      XI

     

    MISCELLANEOUS
      PROVISIONS

     

    
      	
              SECTION
                11.01  

            	
              Amendment.

            

    

     

    This
      Agreement may be amended from time to time by the Depositor, the Master
      Servicer, the Trustee, the Paying Agent, the Certificate Registrar, the
      Authenticating Agent and the Trust Administrator without the consent of any
      of
      the Certificateholders, (i) to cure any ambiguity or defect, (ii) to correct,
      modify or supplement any provisions herein (including to give effect to the
      expectations of Certificateholders) or (iii) to make any other provisions with
      respect to matters or questions arising under this Agreement which shall not
      be
      inconsistent with the provisions of this Agreement, provided that such action
      shall not, as evidenced by an Opinion of Counsel delivered to the Trustee and
      the Trust Administrator, adversely affect in any material respect the interests
      of any Certificateholder. No amendment shall be deemed to adversely affect
      in
      any material respect the interests of any Certificateholder who shall have
      consented thereto, and no Opinion of Counsel shall be required to address the
      effect of any such amendment on any such consenting
      Certificateholder.

     

    This
      Agreement may also be amended from time to time by the Depositor, the Master
      Servicer, the Trustee, the Paying Agent, the Certificate Registrar, the
      Authenticating Agent and the Trust Administrator with the consent of the Holders
      of Certificates entitled to at least 66% of the Voting Rights for the purpose
      of
      adding any provisions to or changing in any manner or eliminating any of the
      provisions of this Agreement or of modifying in any manner the rights of the
      Holders of Certificates; provided, however, that no such amendment shall (i)
      reduce in any manner the amount of, or delay the timing of, payments received
      on
      Mortgage Loans which are required to be distributed on any Certificate without
      the consent of the Holder of such Certificate, (ii) adversely affect in any
      material respect the interests of the Holders of any Class of Certificates
      in a
      manner, other than as described in (i), without the consent of the Holders
      of
      Certificates of such Class evidencing at least 66% of the Voting Rights
      allocated to such Class, or (iii) modify the consents required by the
      immediately preceding clauses (i) and (ii) without the consent of the Holders
      of
      all Certificates then outstanding. Notwithstanding any other provision of this
      Agreement, for purposes of the giving or withholding of consents pursuant to
      this Section 11.01, Certificates registered in the name of the Depositor or
      the
      Master Servicer or any Affiliate thereof shall be entitled to Voting Rights
      with
      respect to matters affecting such Certificates.

     

    Notwithstanding
      any contrary provision of this Agreement, the Trust Administrator shall not
      consent to any amendment to this Agreement unless it shall have first received
      an Opinion of Counsel to the effect that such amendment will not result in
      the
      imposition of any tax on any Trust REMIC pursuant to the REMIC Provisions or
      cause any Trust REMIC to fail to qualify as a REMIC at any time that any
      Certificates are outstanding.

     

    Prior
      to
      executing any amendment pursuant to this Section, the Trust Administrator shall
      be entitled to receive an Opinion of Counsel (provided by the Person requesting
      such amendment) to the effect that such amendment is authorized or permitted
      by
      this Agreement.

     

    Promptly
      after the execution of any such amendment the Trust Administrator shall furnish
      a copy of such amendment to each Certificateholder.

     

    It
      shall
      not be necessary for the consent of Certificateholders under this Section 11.01
      to approve the particular form of any proposed amendment, but it shall be
      sufficient if such consent shall approve the substance thereof. The manner
      of
      obtaining such consents and of evidencing the authorization of the execution
      thereof by Certificateholders shall be subject to such reasonable regulations
      as
      the Trust Administrator may prescribe.

     

    The
      cost
      of any Opinion of Counsel to be delivered pursuant to this Section 11.01 shall
      be borne by the Person seeking the related amendment, but in no event shall
      such
      Opinion of Counsel be an expense of the Trustee or the Trust
      Administrator.

     

    Notwithstanding
      the foregoing, each of the Trustee, the Paying Agent, the Certificate Registrar,
      the Authenticating Agent and Trust Administrator may, but shall not be obligated
      to enter into any amendment pursuant to this Section that affects its rights,
      duties and immunities under this Agreement or otherwise.

     

    
      	
              SECTION
                11.02  

            	
              Recordation
                of Agreement; Counterparts.

            

    

     

    To
      the
      extent permitted by applicable law, this Agreement is subject to recordation
      in
      all appropriate public offices for real property records in all the counties
      or
      other comparable jurisdictions in which any or all of the properties subject
      to
      the Mortgages are situated, and in any other appropriate public recording office
      or elsewhere, such recordation to be effected by the Master Servicer at the
      expense of the Certificateholders, but only upon direction of Certificateholders
      accompanied by an Opinion of Counsel to the effect that such recordation
      materially and beneficially affects the interests of the
      Certificateholders.

     

    For
      the
      purpose of facilitating the recordation of this Agreement as herein provided
      and
      for other purposes, this Agreement may be executed simultaneously in any number
      of counterparts, each of which counterparts shall be deemed to be an original,
      and such counterparts shall constitute but one and the same
      instrument.

     

    
      	
              SECTION
                11.03  

            	
              Limitation
                on Rights of Certificateholders.

            

    

     

    The
      death
      or incapacity of any Certificateholder shall not operate to terminate this
      Agreement or the Trust Fund, nor entitle such Certificateholder’s legal
      representatives or heirs to claim an accounting or to take any action or
      proceeding in any court for a partition or winding up of the Trust Fund, nor
      otherwise affect the rights, obligations and liabilities of the parties hereto
      or any of them.

     

    No
      Certificateholder shall have any right to vote (except as expressly provided
      for
      herein) or in any manner otherwise control the operation and management of
      the
      Trust Fund, or the obligations of the parties hereto, nor shall anything herein
      set forth, or contained in the terms of any of the Certificates, be construed
      so
      as to constitute the Certificateholders from time to time as partners or members
      of an association; nor shall any Certificateholder be under any liability to
      any
      third person by reason of any action taken by the parties to this Agreement
      pursuant to any provision hereof.

     

    No
      Certificateholder shall have any right by virtue of any provision of this
      Agreement to institute any suit, action or proceeding in equity or at law upon
      or under or with respect to this Agreement, unless (i) such Holder previously
      shall have given to the Trustee a written notice of default and of the
      continuance thereof, as hereinbefore provided, and (ii) the Holders of
      Certificates entitled to at least 25% of the Voting Rights shall have made
      written request upon the Trustee to institute such action, suit or proceeding
      in
      its own name as Trustee hereunder and shall have offered to the Trustee such
      indemnity satisfactory to it against the costs, expenses and liabilities to
      be
      incurred therein or thereby, and the Trustee, for 15 days after its receipt
      of
      such notice, request and offer of indemnity, shall have neglected or refused
      to
      institute any such action, suit or proceeding. It is understood and intended,
      and expressly covenanted by each Certificateholder with every other
      Certificateholder and the Trustee, that no one or more Holders of Certificates
      shall have any right in any manner whatsoever by virtue of any provision of
      this
      Agreement to affect, disturb or prejudice the rights of the Holders of any
      other
      of such Certificates, or to obtain or seek to obtain priority over or preference
      to any other such Holder, or to enforce any right under this Agreement, except
      in the manner herein provided and for the equal, ratable and common benefit
      of
      all Certificateholders. For the protection and enforcement of the provisions
      of
      this Section, each and every Certificateholder and the Trustee shall be entitled
      to such relief as can be given either at law or in equity.

     

    
      	
              SECTION
                11.04  

            	
              Governing
                Law.

            

    

     

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

     

    
      	
              SECTION
                11.05  

            	
              Notices.

            

    

     

    All
      directions, demands and notices hereunder shall be sent (i) via facsimile (with
      confirmation of receipt) or (ii) in writing and shall be deemed to have been
      duly given when received if personally delivered at or mailed by first class
      mail, postage prepaid, or by express delivery service or delivered in any other
      manner specified herein, to (a) in the case of the Depositor, 390 Greenwich
      Street, New York, New York 10013, Attention: Mortgage Finance Group (telecopy
      number (212) 723-8604), or such other address or telecopy number as may
      hereafter be furnished to the Master Servicer, the Trust Administrator, the
      Paying Agent, the Certificate Registrar, the Authenticating Agent and the
      Trustee in writing by the Depositor, (b) in the case of the Master Servicer,
      Master Servicing Division - MC: N3B-355M, 4000 Regent Blvd., Irvine, TX 75063
      (Attention: Compliance Manager), facsimile no.: (469) 220-1573 (with a copy
      to,
      1000 Technology Drive, O’Fallon, MO 63368, Attention: Chief Legal Counsel
      (facsimile no.: (636) 261-6518)), or such other address or facsimile number
      as
      may hereafter be furnished to the Trustee, the Trust Administrator, the Paying
      Agent, the Certificate Registrar, the Authenticating Agent and the Depositor
      in
      writing by the Master Servicer, (c) in the case of the Trust Administrator,
      1000
      Technology Drive, M.S. 337, O’Fallon, Missouri  63368, Attention:
      Mortgage Finance (telecopy number (636) 261-1394), or such other address or
      telecopy number as may hereafter be furnished to the Trustee, the Trust
      Administrator, the Paying Agent, the Certificate Registrar, the Authenticating
      Agent and the Depositor in writing by the Master Servicer (d) in the case of
      the
      Paying Agent, the Authenticating Agent and the Certificate Registrar, 388
      Greenwich Street, 14th Floor,
      New York,
      New York 10013, Attention: Citibank Agency & Trust, CMLTI 2007-6, (telephone
      number (212) 816-5680), or such other address or telecopy number as may
      hereafter be furnished to the Master Servicer, the Depositor, the Trust
      Administrator and the Trustee in writing by the Paying Agent, the Certificate
      Registrar or the Authenticating Agent and (e) in the case of the Trustee, U.S.
      Bank National Association, One Federal Street, 3rd Floor,
      Boston,
      Massachusetts 02110, Attention: Corporate Trust Services  (telecopy
      number (617) 603-6638), or such other address or telecopy number as may
      hereafter be furnished to the Master Servicer, the Trust Administrator, the
      Paying Agent, the Certificate Registrar, the Authenticating Agent and the
      Depositor in writing by the Trustee. Any notice required or permitted to be
      given to a Certificateholder shall be given by first class mail, postage
      prepaid, at the address of such Holder as shown in the Certificate Register.
      Any
      notice so mailed within the time prescribed in this Agreement shall be
      conclusively presumed to have been duly given when mailed, whether or not the
      Certificateholder receives such notice. A copy of any notice required to be
      telecopied hereunder also shall be mailed to the appropriate party in the manner
      set forth above.

     

    
      	
              SECTION
                11.06  

            	
              Severability
                of Provisions.

            

    

     

    If
      any
      one or more of the covenants, agreements, provisions or terms of this Agreement
      shall be for any reason whatsoever held invalid, then such covenants,
      agreements, provisions or terms shall be deemed severable from the remaining
      covenants, agreements, provisions or terms of this Agreement and shall in no
      way
      affect the validity or enforceability of the other provisions of this Agreement
      or of the Certificates or the rights of the Holders thereof.

     

    
      	
              SECTION
                11.07  

            	
              Notice
                to Rating Agencies.

            

    

     

    The
      Trust
      Administrator shall use its best efforts promptly to provide notice to the
      Rating Agencies, and each of the Master Servicer and the Paying Agent shall
      use
      its best efforts promptly to provide notice to the Trust Administrator, with
      respect to each of the following of which the Trust Administrator, the Master
      Servicer or the Paying Agent, as applicable,  has actual
      knowledge:

     

    1.           Any
      material change or amendment to this Agreement;

     

    2.           The
      occurrence of any Master Servicer Event of Default that has not been cured
      or
      waived;

     

    3.           The
      resignation or termination of the Master Servicer, the Trust Administrator,
      the
      Paying Agent, the Certificate Registrar, the Authenticating Agent or the
      Trustee;

     

    4.           The
      repurchase or substitution of Mortgage Loans pursuant to or as contemplated
      by
      Section 2.03;

     

    5.           The
      final payment to the Holders of any Class of Certificates;

     

    6.           Any
      change in the location of the Collection Account or the Distribution
      Account;

     

    7.           Any
      event that would result in the inability of the Trustee, were it to succeed
      as
      Master Servicer, to make advances regarding delinquent Mortgage Loans;
      and

     

    8.           The
      filing of any claim under the Master Servicer’s blanket bond and errors and
      omissions insurance policy required by Section 3.14 or the cancellation or
      material modification of coverage under any such instrument.

     

    In
      addition, the Trust Administrator shall make available to the Rating Agencies
      copies of each report to Certificateholders described in Section 4.02 and the
      Master Servicer shall promptly furnish to the Rating Agencies copies of the
      following:

     

    1.           Each
      Annual Statement of Compliance described in Section 3.20; and

     

    2.           Each
      Compliance Assessment and Attestation Report described in Section
      3.21.

     

    Any
      such
      notice pursuant to this Section 11.07 shall be in writing and shall be deemed
      to
      have been duly given if personally delivered at or mailed by first class mail,
      postage prepaid, or by express delivery service to Standard & Poor’s Ratings
      Services, a division of the McGraw-Hill Companies, Inc., 55 Water Street, New
      York, New York 10004; and to Fitch Ratings, One State Street Plaza, New York,
      New York 10007, or such other addresses as the Rating Agencies may designate
      in
      writing to the parties hereto.

     

    
      	
              SECTION
                11.08  

            	
              Article
                and Section References.

            

    

     

    All
      article and section references used in this Agreement, unless otherwise
      provided, are to articles and sections in this Agreement.

     

    
      	
              SECTION
                11.09  

            	
              Grant
                of Security Interest.

            

    

     

    It
      is the
      express intent of the parties hereto that the conveyance of the Mortgage Loans
      by the Depositor to the Trustee be, and be construed as, a sale of the Mortgage
      Loans by the Depositor and not a pledge of the Mortgage Loans by the Depositor
      to secure a debt or other obligation of the Depositor. However, in the event
      that, notwithstanding the aforementioned intent of the parties, the Mortgage
      Loans are held to be property of the Depositor, then, (a) it is the express
      intent of the parties that such conveyance be deemed a pledge of the Mortgage
      Loans by the Depositor to the Trustee to secure a debt or other obligation
      of
      the Depositor and (b)(1) this Agreement shall also be deemed to be a security
      agreement within the meaning of Articles 8 and 9 of the Uniform Commercial
      Code
      as in effect from time to time in the State of New York; (2) the conveyance
      provided for in Section 2.01 hereof shall be deemed to be a grant by the
      Depositor to the Trustee of a security interest in all of the Depositor’s right,
      title and interest in and to the Mortgage Loans and all amounts payable to
      the
      holders of the Mortgage Loans in accordance with the terms thereof and all
      proceeds of the conversion, voluntary or involuntary, of the foregoing into
      cash, instruments, securities or other property, including without limitation
      all amounts, other than investment earnings, from time to time held or invested
      in the Collection Account and the Distribution Account, whether in the form
      of
      cash, instruments, securities or other property; (3) the obligations secured
      by
      such security agreement shall be deemed to be all of the Depositor’s obligations
      under this Agreement, including the obligation to provide to the
      Certificateholders the benefits of this Agreement relating to the Mortgage
      Loans
      and the Trust Fund; and (4) notifications to persons holding such property,
      and
      acknowledgments, receipts or confirmations from persons holding such property,
      shall be deemed notifications to, or acknowledgments, receipts or confirmations
      from, financial intermediaries, bailees or agents (as applicable) of the Trustee
      for the purpose of perfecting such security interest under applicable law.
      Accordingly, the Depositor hereby grants to the Trustee a security interest
      in
      the Mortgage Loans and all other property described in clause (2) of the
      preceding sentence, for the purpose of securing to the Trustee the performance
      by the Depositor of the obligations described in clause (3) of the preceding
      sentence. Notwithstanding the foregoing, the parties hereto intend the
      conveyance pursuant to Section 2.01 to be a true, absolute and unconditional
      sale of the Mortgage Loans and assets constituting the Trust Fund by the
      Depositor to the Trustee.

     

    
      	
              SECTION
                11.10  

            	
              Intention
                of the Parties and Interpretation.

            

    

     

    Each
      of
      the parties acknowledges and agrees that the purpose of Sections 3.20, 3.21
      and  4.06 of this Agreement is to facilitate compliance by the
      Depositor with the provisions of Regulation AB promulgated by the Commission
      under the 1934 Act (17 C.F.R. §§ 229.1100 - 229.1123), as such may be amended
      from time to time and subject to clarification and interpretive advice as may
      be
      issued by the staff of the Commission from time to time.  Therefore,
      each of the parties agrees that (a) the obligations of the parties hereunder
      shall be interpreted in such a manner as to accomplish that purpose, (b) the
      parties’ obligations hereunder will be supplemented and modified as necessary to
      be consistent with any such amendments, interpretive advice or guidance,
      convention or consensus among active participants in the asset-backed securities
      markets, opinion of counsel, or otherwise in respect of the requirements of
      Regulation AB, (c) the parties shall comply with requests made by the Depositor
      for delivery of additional or different information, to the extent that such
      information is available or reasonably attainable, as the Depositor may
      determine in good faith is necessary to comply with the provisions of Regulation
      AB, and (d) no amendment of this Agreement shall be required to effect any
      such
      changes in the parties’ obligations as are necessary to accommodate evolving
      interpretations of the provisions of Regulation AB; provided, however, that
      any
      such changes shall require the consent of each of the parties
      hereto.

     

    All
      percentages of Voting Rights referred to herein shall be deemed, with respect
      to
      matters affecting the related Collateral Pool and the related Certificates,
      to
      mean percentages of the Voting Rights with respect to such related
      Certificates.

     

    

     

    IN
      WITNESS WHEREOF, the Depositor, the Master Servicer, the Trust Administrator,
      the Paying Agent, the Authenticating Agent, the Certificate Registrar and the
      Trustee have caused their names to be signed hereto by their respective officers
      thereunto duly authorized, in each case as of the day and year first above
      written.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC.,

              as
                Depositor

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	
              
                /s/
                  Matthew Bollo

              

            
	 	 	 	 	 	 	 	
              Name:

            	
              Matthew
                Bollo

            
	 	 	 	 	 	 	 	
              Title:

            	
              Vice
                President

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              CITIMORTGAGE,
                INC.,

              as
                Master Servicer and Trust Administrator

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	
              
                /s/
                  Tommy R. Harris

              

            
	 	 	 	 	 	 	 	
              Name:

            	
              Tommy
                R. Harris

            
	 	 	 	 	 	 	 	
              Title:

            	
              Senior
                Vice President

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              CITIBANK,
                N.A.,

              as
                Paying Agent, Certificate Registrar and Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	
              
                /s/
                  Jennifer McCourt

              

            
	 	 	 	 	 	 	 	
              Name:

            	
              Jennifer
                McCourt

            
	 	 	 	 	 	 	 	
              Title:

            	
              Vice
                President

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              U.S.
                BANK NATIONAL ASSOCIATION, not in its individual capacity but solely
                as
                Trustee

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	
              
                /s/
                  Maryellen Hunter

              

            
	 	 	 	 	 	 	 	
              Name:

            	
              Maryellen
                Hunter

            
	 	 	 	 	 	 	 	
              Title:

            	
              Assistant
                Vice President

            

    

    

    
      	
              STATE
                OF NEW YORK

            	
              )

            	 
	 	
              )

            	
              ss.:

            
	
              COUNTY
                OF NEW YORK

            	
              )

            	 

    

    

    On
      the
      ____ day of April 2007, before me, a notary public in and for said State,
      personally appeared _____________________, known to me to be an
      _____________________ of Citigroup Mortgage Loan Trust Inc., one of the
      corporations that executed the within instrument, and also known to me to be
      the
      person who executed it on behalf of said corporation, and acknowledged to me
      that such corporation executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

     

    
      	 	 
	 	
              Notary
                Public

            

    

    

     

    [Notarial
      Seal]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              STATE
                OF_____________

            	
              )

            	 
	 	
              )

            	
              ss.:

            
	
              COUNTY
                OF___________

            	
              )

            	 

    

    

     

    On
      the
      ____ day of April, before me, a notary public in and for said State, personally
      appeared _____________________, known to me to be a _____________________ of
      CitiMortgage, Inc., one of the corporations that executed the within instrument,
      and also known to me to be the person who executed it on behalf of said
      corporation, and acknowledged to me that such corporation executed the within
      instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

     

    
      	 	 
	 	
              Notary
                Public

            

    

    

     

    [Notarial
      Seal]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              STATE
                OF NEW YORK

            	
              )

            	 
	 	
              )

            	
              ss.:

            
	
              COUNTY
                OF NEW YORK

            	
              )

            	 

    

    

     

    On
      the
      ____ day of April 2007, before me, a notary public in and for said State,
      personally appeared _____________________, known to me to be an
      _____________________ of Citibank, N.A., one of the entities that executed
      the
      within instrument, and also known to me to be the person who executed it on
      behalf of said entity, and acknowledged to me that such corporation executed
      the
      within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official the day
      and
      year in this certificate first above written.

     

     

    
      	 	 
	 	
              Notary
                Public

            

    

    

     

    [Notarial
      Seal]

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              STATE
                OF_____________

            	
              )

            	 
	 	
              )

            	
              ss.:

            
	
              COUNTY
                OF___________

            	
              )

            	 

    

    

     

    On
      the
      ____ day of April 2007, before me, a notary public in and for said State,
      personally appeared _____________________, known to me to be a
      _____________________ of U.S. Bank National Association, one of the entities
      that executed the within instrument, and also known to me to be the person
      who
      executed it on behalf of said entity, and acknowledged to me that such entity
      executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

     

    
      	 	 
	 	
              Notary
                Public

            

    

    

     

    [Notarial
      Seal]

     

    

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A-1

     

    FORM
      OF
      CLASS 1-A1A CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-A1A Certificates as
                of the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-A1A Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-A1A Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-A1A Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM          
                -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT             -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                 -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available
      funds

    
      	
              to

            	 	
              ,

            

    

    
      	
              for
                the account of

            	 	
              ,

            

    

    
      	
              account
                number___________, or, if mailed by check, to

            	 	
              ,

            

    

    
      	
              Applicable
                statements should be mailed to

            	 	
              ,

            

    

    
      	 	
              .

            

    

    
      	
              This
                information is provided by

            	 	
              ,

            

    

    
      	
              the
                assignee named above, or

            	 	
              ,

            

    

    
      	
              as
                its agent.

            	 	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A-2

     

    FORM
      OF
      CLASS 1-A1B CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-A1B Certificates as
                of the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-A1B Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-A1B Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-A1B Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT            
                  -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                   -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    EXHIBIT
      A-3

     

    FORM
      OF
      CLASS 1-1IO CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: [_____]% per annum for the first 32 Distribution Dates, then
                [_____]% per annum for each Distribution Date after the 32nd Distribution
                Date

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Notional Amount of the Class 1-1IO Certificates as of the Issue Date:
                $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    THE
      NOTIONAL AMOUNT OF THIS CERTIFICATE WILL DECLINE
      MONTHLY.  ACCORDINGLY, THE OUTSTANDING NOTIONAL AMOUNT HEREOF AT ANY
      TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS
      CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Notional Amount of the Class 1-1IO Certificates as of the Issue Date) in that
      certain beneficial ownership interest evidenced by all the Class 1-1IO
      Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-1IO Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT          
                    -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-4

    

     

    FORM
      OF
      CLASS 1-A2A CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-A2A Certificates as
                of the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-A2A Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-A2A Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-A2A Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT      
                        -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-5

    

     

    FORM
      OF
      CLASS 1-A3A CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-A3A Certificates as
                of the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-A3A Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-A3A Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-A3A Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT           
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN             
                     -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available
      funds

    
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-6

    

     

    FORM
      OF
      CLASS 1-A23B CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-A23B Certificates as
                of the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-A23B Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-A23B Certificates in the Trust Fund created pursuant to a Pooling and
      Servicing Agreement, dated as specified above (the “Agreement”), among Citigroup
      Mortgage Loan Trust Inc. (hereinafter called the “Depositor,” which term
      includes any successor entity under the Agreement), the Master Servicer, the
      Trust Administrator, Citibank, N.A. and the Trustee, a summary of certain of
      the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-A23B Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT            
                 -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available
      funds

    
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-7

    

     

    FORM
      OF
      CLASS 1-23IO CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Notional Amount of the Class 1-23IO Certificates as of the Issue
                Date:
                $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    THE
      NOTIONAL AMOUNT OF THIS CERTIFICATE WILL DECLINE
      MONTHLY.  ACCORDINGLY, THE OUTSTANDING NOTIONAL AMOUNT HEREOF AT ANY
      TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS
      CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Notional Amount of the Class 1-23IO Certificates as of the Issue Date) in that
      certain beneficial ownership interest evidenced by all the Class 1-23IO
      Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-23IO Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT           
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                   -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-8

    

     

    FORM
      OF
      CLASS 1-A4A CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-A4A Certificates as
                of the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-A4A Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-A4A Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-A4A Certificates on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT            
                  -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN              
                    -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-9

    

     

    FORM
      OF
      CLASS 1-A4B CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-A4B Certificates as
                of the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-A4B Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-A4B Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-A4B Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT          
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                 -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-10

    

     

    FORM
      OF
      CLASS 1-4IO CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: [_____]% per annum for the first 80 Distribution Dates, then
                [_____]% per annum for each Distribution Date after the 80th Distribution
                Date

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Notional Amount of the Class 1-4IO Certificates as of the Issue Date:
                $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    THE
      NOTIONAL AMOUNT OF THIS CERTIFICATE WILL DECLINE
      MONTHLY.  ACCORDINGLY, THE OUTSTANDING NOTIONAL AMOUNT HEREOF AT ANY
      TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS
      CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Notional Amount of the Class 1-4IO Certificates as of the Issue Date) in that
      certain beneficial ownership interest evidenced by all the Class 1-4IO
      Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-4IO Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT            
                  -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        A-11

    

     

    FORM
      OF
      CLASS 1-B1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    ANY
      TRANSFEREE OF THIS CERTIFICATE SHALL MAKE OR SHALL BE DEEMED TO MAKE THE
      REPRESENTATIONS IN SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE GROUP 1 SENIOR CERTIFICATES TO THE EXTENT
      DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-B1 Certificates as of
                the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-B1 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-B1 Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-B1 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Any
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT        
                      -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      A-12

     

    FORM
      OF
      CLASS 1-B2 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    ANY
      TRANSFEREE OF THIS CERTIFICATE SHALL MAKE OR SHALL BE DEEMED TO MAKE THE
      REPRESENTATIONS IN SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE GROUP 1 SENIOR CERTIFICATES AND THE CLASS
      1-B1
      CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-B2 Certificates as of
                the
                Issue Date:   $[_____]

               

              Denomination:  $[_____]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:  [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-B2 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-B2 Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-B2 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Any
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT           
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      A-13

     

    FORM
      OF
      CLASS 1-B3 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    ANY
      TRANSFEREE OF THIS CERTIFICATE SHALL MAKE OR SHALL BE DEEMED TO MAKE THE
      REPRESENTATIONS IN SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE GROUP 1 SENIOR CERTIFICATES, THE CLASS 1-B1
      CERTIFICATES AND THE CLASS 1-B2 CERTIFICATES TO THE EXTENT DESCRIBED IN THE
      POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-B3 Certificates as of
                the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer: CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-B3 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-B3 Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-B3 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Any
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT             
                 -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available
      funds

    
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    EXHIBIT
      A-14

     

    FORM
      OF
      CLASS 1-B4 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    NO
      TRANSFER OF THIS CERTIFICATE SHALL BE MADE TO ANY PLAN OR PERSON USING “PLAN
      ASSETS” (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION 29 C.F.R. SECTION
      2150.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) EXCEPT IN ACCORDANCE WITH
      SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE GROUP 1 SENIOR CERTIFICATES, THE CLASS 1-B1
      CERTIFICATES, THE CLASS 1-B2 CERTIFICATES AND THE CLASS 1-B3 CERTIFICATES TO
      THE
      EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-B4 Certificates as of
                the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer: CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-B4 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-B4 Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, Trust Administrator,
      Citibank, N.A. and the Trustee, a summary of certain of the pertinent provisions
      of which is set forth hereafter.  To the extent not defined herein,
      the capitalized terms used herein have the meanings assigned in the
      Agreement.  This Certificate is issued under and is subject to the
      terms, provisions and conditions of the Agreement, to which Agreement the Holder
      of this Certificate by virtue of the acceptance hereof assents and by which
      such
      Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-B4 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Any
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    No
      transfer of this Certificate shall be made unless the transfer is made to a
      “qualified institutional buyer” as defined under Rule 144A under the Securities
      Act of 1933, as amended (the “1933 Act”), in a transaction that is exempt from
      the registration requirements of the 1933 Act and that does not require
      registration or qualification under applicable state securities laws. In the
      event that a transfer of this Certificate is to be made, the Certificate
      Registrar shall require receipt of written certifications from the Holder of
      the
      Certificate desiring to effect the transfer, and from such Holder's prospective
      transferee, substantially in the forms attached to the Agreement as Exhibit
      F-1.  None of the Depositor or the Trustee is obligated to register or
      qualify the Class of Certificates specified on the face hereof under the 1933
      Act or any other securities law or to take any action not otherwise required
      under the Agreement to permit the transfer of such Certificates without
      registration or qualification. Any Holder desiring to effect a transfer of
      this
      Certificate shall be required to indemnify the Trustee, the Depositor, the
      Trust
      Administrator, the Certificate Registrar, the Paying Agent, the Authenticating
      Agent and the Master Servicer against any liability that may result if the
      transfer is not so exempt or is not made in accordance with such federal and
      state laws.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose. 

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT             
                 -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available
      funds

    
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      A-15

     

    FORM
      OF
      CLASS 1-B5 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    NO
      TRANSFER OF THIS CERTIFICATE SHALL BE MADE TO ANY PLAN OR PERSON USING “PLAN
      ASSETS” (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION 29 C.F.R. SECTION
      2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) EXCEPT IN ACCORDANCE WITH
      SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE GROUP 1 SENIOR CERTIFICATES, THE CLASS 1-B1
      CERTIFICATES, THE CLASS 1-B2 CERTIFICATES, THE CLASS 1-B3 CERTIFICATES AND
      THE
      CLASS 1-B4 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-B5 Certificates as of
                the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer: CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-B5 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-B5 Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-B5 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Any
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    No
      transfer of this Certificate shall be made unless the transfer is made to a
      “qualified institutional buyer” as defined under Rule 144A under the Securities
      Act of 1933, as amended (the “1933 Act”), in a transaction that is exempt from
      the registration requirements of the 1933 Act and that does not require
      registration or qualification under applicable state securities laws. In the
      event that a transfer of this Certificate is to be made, the Certificate
      Registrar shall require receipt of written certifications from the Holder of
      the
      Certificate desiring to effect the transfer, and from such Holder's prospective
      transferee, substantially in the forms attached to the Agreement as Exhibit
      F-1.  None of the Depositor or the Trustee is obligated to register or
      qualify the Class of Certificates specified on the face hereof under the 1933
      Act or any other securities law or to take any action not otherwise required
      under the Agreement to permit the transfer of such Certificates without
      registration or qualification. Any Holder desiring to effect a transfer of
      this
      Certificate shall be required to indemnify the Trustee, the Depositor, the
      Trust
      Administrator, the Certificate Registrar, the Paying Agent, the Authenticating
      Agent and the Master Servicer against any liability that may result if the
      transfer is not so exempt or is not made in accordance with such federal and
      state laws.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT           
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available
      funds

    
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      A-16

     

     FORM
      OF CLASS 1-B6 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    NO
      TRANSFER OF THIS CERTIFICATE SHALL BE MADE TO ANY PLAN OR PERSON USING “PLAN
      ASSETS” (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION 29 C.F.R. SECTION
      2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) EXCEPT IN ACCORDANCE WITH
      SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE GROUP 1 SENIOR CERTIFICATES, THE CLASS 1-B1
      CERTIFICATES, THE CLASS 1-B2 CERTIFICATES, THE CLASS 1-B3 CERTIFICATES, THE
      CLASS 1-B4 CERTIFICATES AND THE CLASS 1-B5 CERTIFICATES TO THE EXTENT DESCRIBED
      IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-B6 Certificates as of
                the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer: CitiMortgage, Inc.

               

              Trust
                Administrator: CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 1-B6 Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      1-B6 Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-B6 Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register.  Notwithstanding the above, the final distribution on this
      Certificate will be made after due notice by the Paying Agent of the pendency
      of
      such distribution and only upon presentation and surrender of this Certificate
      at the office or agency appointed by the Paying Agent for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee, and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    Any
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee, nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    No
      transfer of this Certificate shall be made unless the transfer is made to a
      “qualified institutional buyer” as defined under Rule 144A under the Securities
      Act of 1933, as amended (the “1933 Act”), in a transaction that is exempt from
      the registration requirements of the 1933 Act and that does not require
      registration or qualification under applicable state securities laws. In the
      event that a transfer of this Certificate is to be made, the Certificate
      Registrar shall require receipt of written certifications from the Holder of
      the
      Certificate desiring to effect the transfer, and from such Holder's prospective
      transferee, substantially in the forms attached to the Agreement as Exhibit
      F-1.  None of the Depositor or the Trustee is obligated to register or
      qualify the Class of Certificates specified on the face hereof under the 1933
      Act or any other securities law or to take any action not otherwise required
      under the Agreement to permit the transfer of such Certificates without
      registration or qualification. Any Holder desiring to effect a transfer of
      this
      Certificate shall be required to indemnify the Trustee, the Depositor, the
      Trust
      Administrator, the Certificate Registrar, the Paying Agent, the Authenticating
      Agent and the Master Servicer against any liability that may result if the
      transfer is not so exempt or is not made in accordance with such federal and
      state laws.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT           
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                
                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

    

    EXHIBIT
      A-17

     

    FORM
      OF
      CLASS 1-P CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS
      AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES
      DESCRIBED HEREIN.

     

    
      	
              Series:
                2007-6

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-P Certificates as of
                the
                Issue Date: $100.00

               

            
	
              Cut-off
                Date and date of Pooling and Servicing Agreement: April 1,
                2007

               

            	
              Denomination:
                $100.00

               

            
	
              First
                Distribution Date: May 25, 2007

               

            	
              Master
                Servicer: CitiMortgage, Inc.

               

            
	
              No.
                1

               

            	
              Trust
                Administrator:  CitiMortgage, Inc.

               

            
	 	
              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

            
	 	
              Trustee:
                U.S. Bank National Association

               

            

    

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSET
      BACKED PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, adjustable-rate and
      fixed-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold
      by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE
      OR
      ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING
      MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED
      STATES.

     

    This
      certifies that Citigroup Global Markets Inc. is the registered owner of a
      Percentage Interest (obtained by dividing the denomination of this Certificate
      by the aggregate Certificate Principal Balance of the Class 1-P Certificates
      as
      of the Issue Date) in that certain beneficial ownership interest evidenced
      by
      all the Class 1-P Certificates in the Trust Fund created pursuant to a Pooling
      and Servicing Agreement, dated as specified above (the “Agreement”), among
      Citigroup Mortgage Loan Trust Inc. (hereinafter called the “Depositor,” which
      term includes any successor entity under the Agreement), the Master Servicer,
      the Trust Administrator, Citibank, N.A. and the Trustee, a summary of certain
      of
      the pertinent provisions of which is set forth hereafter.  To the
      extent not defined herein, the capitalized terms used herein have the meanings
      assigned in the Agreement.  This Certificate is issued under and is
      subject to the terms, provisions and conditions of the Agreement, to which
      Agreement the Holder of this Certificate by virtue of the acceptance hereof
      assents and by which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-P Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register.  Notwithstanding the above, the final distribution on this
      Certificate will be made after due notice by the Paying Agent of the pendency
      of
      such distribution and only upon presentation and surrender of this Certificate
      at the office or agency appointed by the Paying Agent for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee, and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the Trust
      Administrator shall require receipt of (i) if such transfer is purportedly
      being
      made in reliance upon Rule 144A under the 1933 Act, written certifications
      from
      the Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel
      satisfactory to it that such transfer may be made without such registration
      or
      qualification (which Opinion of Counsel shall not be an expense of the Trust
      Fund or of the Depositor, the Trustee, the Trust Administrator or the Servicer
      in their respective capacities as such), together with copies of the written
      certification(s) of the Holder of the Certificate desiring to effect the
      transfer and/or such Holder’s prospective transferee upon which such Opinion of
      Counsel is based. None of the Depositor or the Trustee is obligated to register
      or qualify the Class of Certificates specified on the face hereof under the
      1933
      Act or any other securities law or to take any action not otherwise required
      under the Agreement to permit the transfer of such Certificates without
      registration or qualification. Any Holder desiring to effect a transfer of
      this
      Certificate shall be required to indemnify the Trustee, the Trust Administrator,
      the Depositor, the Master Servicer, Citibank, N.A. and any Sub-Servicer against
      any liability that may result if the transfer is not so exempt or is not made
      in
      accordance with such federal and state laws.

     

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made except in accordance with Section
      5.02(c) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee, nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate upon payment to the Certificateholders of all amounts held by the
      Trustee and required to be paid to them pursuant to the Agreement following
      the
      earlier of (i) the final payment or other liquidation (or any advance with
      respect thereto) of the last Mortgage Loan and REO Property remaining in the
      Trust Fund and (ii) the purchase by the party designated in the Agreement at
      a
      price determined as provided  in the Agreement from the Trust Fund of
      all the Mortgage Loans and all property acquired in respect of such Mortgage
      Loans. The Agreement permits, but does not require, the party designated in
      the
      Agreement to purchase from the Trust Fund all the Mortgage Loans in the
      Collateral Pool relating to this Certificate and all property acquired in
      respect of any Mortgage Loan in such Collateral Pool at a price determined
      as
      provided in the Agreement. The exercise of such right will effect early
      retirement of the Certificates relating to such Collateral Pool; however, such
      right to purchase is subject to the aggregate Stated Principal Balance of the
      Mortgage Loans in such Collateral Pool at the time of purchase being less than
      10% of the aggregate principal balance of the Mortgage Loans in such Collateral
      Pool as of the Cut-off Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

               

            
	
              TEN
                ENT - as tenants by the entireties

               

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

               

            	
              _______________

              (State)

               

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

     

    
      	 
	 	
              .

            

    

    

    
      	
              Dated:

            	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to____________________________________________________________________________________________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to___________________________________________

    
      	 	
              .

            

    

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-18

     

    FORM
      OF
      CLASS 1-R CERTIFICATE

     

    THIS
      CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” (“REMIC”), AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IN
      ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), OR THE CODE WILL BE REGISTERED EXCEPT IN
      COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IF
      THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUSTEE THAT (A) SUCH
      TRANSFEREE IS NOT (1) THE UNITED STATES OR ANY POSSESSION THEREOF, ANY STATE
      OR
      POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL
      ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (2)
      ANY
      ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE)
      THAT IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH
      ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (3)
      ANY
      ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON
      DESCRIBED IN THE FOREGOING CLAUSES (1), (2) OR (3) SHALL HEREINAFTER BE REFERRED
      TO AS A “DISQUALIFIED ORGANIZATION”) OR (4) AN AGENT OF A DISQUALIFIED
      ORGANIZATION AND (B) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT
      OR
      COLLECTION OF TAX, AND (II) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL
      CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE.
      NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER,
      SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION
      OR
      AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED
      TO BE
      OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED
      TO BE
      A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO,
      THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS
      CERTIFICATE BY ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE
      PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(C) OF THE
      POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT IS A
      DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP
      OF
      THIS CERTIFICATE.

    
 

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 1-R Certificates as of
                the
                Issue Date: $100.[_]

               

              Denomination:
                $100.[_]

               

              Master
                Servicer: CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____]

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, adjustable-rate and
      fixed-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold
      by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST
      ADMINISTRATOR, CITIBANK, N.A. OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Citigroup Global Markets, Inc. is the registered owner of the
      Percentage Interest evidenced by this Certificate specified above in that
      certain beneficial ownership interest evidenced by all the Class 1-R
      Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 1-R Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A. and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

     .
      Any transfer of this Certificate to a Plan subject to ERISA or Section 4975
      of
      the Code, any Person acting, directly or indirectly, on behalf of any such
      Plan
      or any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

    

    Prior
      to
      registration of any transfer, sale or other disposition of this Certificate,
      the
      proposed transferee shall provide to the Certificate Registrar (i) an affidavit
      to the effect that such transferee is any Person other than a Disqualified
      Organization or the agent (including a broker, nominee or middleman) of a
      Disqualified Organization, and (ii) a certificate that acknowledges that (A)
      the
      Class 1-R Certificates have been designated as a residual interest in a REMIC,
      (B) it will include in its income a pro rata share of the net income of
      the Trust Fund and that such income may be an “excess inclusion,” as defined in
      the Code, that, with certain exceptions, cannot be offset by other losses or
      benefits from any tax exemption, and (C) it expects to have the financial means
      to satisfy all of its tax obligations including those relating to holding the
      Class R Certificates. Notwithstanding the registration in the Certificate
      Register of any transfer, sale or other disposition of this Certificate to
      a
      Disqualified Organization or an agent (including a broker, nominee or middleman)
      of a Disqualified Organization, such registration shall be deemed to be of
      no
      legal force or effect whatsoever and such Person shall not be deemed to be
      a
      Certificateholder for any purpose, including, but not limited to, the receipt
      of
      distributions in respect of this Certificate.

     

    The
      Holder of this Certificate, by its acceptance hereof, shall be deemed to have
      consented to the provisions of Section 5.02 of the Agreement and to any
      amendment of the Agreement deemed necessary by counsel of the Depositor to
      ensure that the transfer of this Certificate to any Person other than a
      Permitted Transferee or any other Person will not cause any Trust Fund to cease
      to qualify as a REMIC or cause the imposition of a tax upon the
      REMIC.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee, nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT             
                -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-19

    

     

    FORM
      OF
      CLASS [2-A1][2-A4] CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off
                Date and date of Pooling and Servicing Agreement: April 1,
                2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

               

               

            	
              Aggregate
                Certificate Principal Balance of the Class [2-A1][2-A4] Certificates
                as of
                the Issue Date: $[___________]

               

              Denomination:
                $[___________]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [__________]

               

            

    

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, adjustable-rate and
      fixed-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold
      by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class [2-A1][2-A4] Certificates as of
      the
      Issue Date) in that certain beneficial ownership interest evidenced by all
the Class [2-A1][2-A4]
      Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class [2-A1][2-A4]
      Certificates on such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed
      by first class mail to the address of the Person entitled thereto, as such
      name
      and address shall appear on the Certificate Register. Notwithstanding the above,
      the final distribution on this Certificate will be made after due notice by
      the
      Paying Agent of the pendency of such distribution and only upon presentation
      and
      surrender of this Certificate at the office or agency appointed by the Paying
      Agent for that purpose as provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT         
                    -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-20

    

     

    FORM
      OF
      CLASS [2-A2][2-A5] CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

               

               

            	
              Aggregate
                Notional Amount of the Class [2-A2][2-A5] Certificates as of the
                Issue
                Date: $[___________]

               

              Denomination:
                $[____________]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [______________]

               

            

    

    

    THE
      NOTIONAL AMOUNT OF THIS CERTIFICATE WILL VARY MONTHLY.  ACCORDINGLY,
      THE OUTSTANDING NOTIONAL AMOUNT HEREOF AT ANY TIME MAY VARY FROM THE AMOUNT
      SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Notional Amount of the Class [2-A2][2-A5] Certificates as of the Issue Date)
      in
      that certain beneficial ownership interest evidenced by all the Class
      [2-A2][2-A5] Certificates in the Trust Fund created pursuant to a Pooling and
      Servicing Agreement, dated as specified above (the “Agreement”), among Citigroup
      Mortgage Loan Trust Inc. (hereinafter called the “Depositor,” which term
      includes any successor entity under the Agreement), the Master Servicer, the
      Trust Administrator, Citibank, N.A. and the Trustee, a summary of certain of
      the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class [2-A2][2-A5]
      Certificates on such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT            
                  -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                 
                 -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A-21

    

     

    FORM
      OF
      CLASS [2-A3][2-A6] CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: [__]%

               

              Cut-off
                Date and date of Pooling and Servicing Agreement: April 1,
                2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class [2-A3][2-A6] Certificates
                as of
                the Issue Date: $[_________]

               

              Denomination:
                $[_________]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_________]

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class [2-A3][2-A6] Certificates as of
      the
      Issue Date) in that certain beneficial ownership interest evidenced by all
      the
      Class [2-A3][2-A6] Certificates in the Trust Fund created pursuant to a Pooling
      and Servicing Agreement, dated as specified above (the “Agreement”), among
      Citigroup Mortgage Loan Trust Inc. (hereinafter called the “Depositor,” which
      term includes any successor entity under the Agreement), the Master Servicer,
      the Trust Administrator, Citibank, N.A. and the Trustee, a summary of certain
      of
      the pertinent provisions of which is set forth hereafter.  To the
      extent not defined herein, the capitalized terms used herein have the meanings
      assigned in the Agreement.  This Certificate is issued under and is
      subject to the terms, provisions and conditions of the Agreement, to which
      Agreement the Holder of this Certificate by virtue of the acceptance hereof
      assents and by which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class [2-A3][2-A6]
      Certificates on such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT          
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

    

    
    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-22

     

    FORM
      OF
      CLASS 2-XS CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: 6.500%

               

              Cut-off
                Date and date of Pooling and Servicing Agreement: April 1,
                2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

               

               

            	
              Aggregate
                Notional Amount of the Class 2-XS Certificates as of the Issue Date:
                $[________]

               

              Denomination:   $[________]

               

              Master
                Servicer:  CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_________]

               

            

    

    

    THE
      NOTIONAL AMOUNT OF THIS CERTIFICATE WILL VARY MONTHLY.  ACCORDINGLY,
      THE OUTSTANDING NOTIONAL AMOUNT HEREOF AT ANY TIME MAY VARY FROM THE AMOUNT
      SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Notional Amount of the Class 2-XS Certificates as of the Issue Date) in that
      certain beneficial ownership interest evidenced by all the Class 2-XS
      Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 2-XS Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April __, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT – Custodian

            
	 	 	 	 
	
              TEN
                ENT          
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    
      

      
        	 	 	 
	 	 	 
	 	 

      

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

     

    
      
        	 	 	 
	 	 

      

       

      Dated:

    

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      The
        assignee should include the following for purposes of distribution:

       

      Distributions
        shall be made, by wire transfer or otherwise, in immediately available funds
        
        
          	
                  to

                	 	
                  ,

                

        

        
          	
                  for
                    the account of

                	 	
                  ,

                

        

        
          	
                  account
                    number___________, or, if mailed by check, to

                	 	
                  ,

                

        

        
          	
                  Applicable
                    statements should be mailed to

                	 	
                  ,

                

        

        
          	 	
                  .

                

        

        
          	
                  This
                    information is provided by

                	 	
                  ,

                

        

        
          	
                  the
                    assignee named above, or

                	 	
                  ,

                

        

        
          	
                  as
                    its agent.

                	 

        

      

      
      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-23

     

    FORM
      OF
      CLASS 2-PO CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: 0.000%

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.
                1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 2-PO Certificates as of
                the
                Issue Date: $[_____________]

               

              Denomination:
                $[_____________]

               

              Master
                Servicer: CitiMortgage, Inc.

               

              Trust
                Administrator: CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____________]

               

            

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE  PASS-THROUGH
      CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a  Trust Fund (the “Trust Fund”)
      consisting primarily of a pool of conventional one- to four-family,
      adjustable-rate and fixed-rate, first lien mortgage loans (the “Mortgage Loans”)
      formed and sold by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class 2-PO Certificates as of the Issue
      Date) in that certain beneficial ownership interest evidenced by all the Class
      2-PO Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    This
      Certificate does not have a pass-through rate and will be entitled to
      distributions only to the extent set forth in the Agreement

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month or, if such 25th day is not a Business Day, the Business Day
      immediately following (a “Distribution Date”), commencing on the First
      Distribution Date specified above, to the Person in whose name this Certificate
      is registered on the Record Date, in an amount equal to the product of the
      Percentage Interest evidenced by this Certificate and the amount required to
      be
      distributed to the Holders of Class 2-PO Certificates on such Distribution
      Date
      pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register.  Notwithstanding the above, the final distribution on this
      Certificate will be made after due notice by the Paying Agent of the pendency
      of
      such distribution and only upon presentation and surrender of this Certificate
      at the office or agency appointed by the Paying Agent for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee, and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee, nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Paying Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST

              INC.,
                MORTGAGE PASS-THROUGH

              CERTIFICATES,
                SERIES 2007-6

               

              CITIBANK,
                N.A., not in its individual

              capacity,
                but solely as Authenticating Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT           
                   -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN              
                    -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

      
      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A-24

     

    FORM
      OF
      CLASS [2-B1] [2-B2] [2-B3] [2-B4] [2-B5] [2-B6] CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED
      IS
      REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
      BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF
      DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
      TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
      HAS AN INTEREST HEREIN.

     

    [THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.]

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    ANY
      TRANSFEREE OF THIS CERTIFICATE SHALL MAKE OR SHALL BE DEEMED TO MAKE THE
      REPRESENTATIONS IN SECTION 5.02(C) OF THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE GROUP 2 SENIOR CERTIFICATES[, THE SENIOR
      GROUP
      2 SUBORDIANTE CERTIFICATES] TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: Variable

               

              Cut-off Date and date of Pooling and
                Servicing Agreement: April 1, 2007

               

              First
                Distribution Date: May 25, 2007

               

              No.1

               

            	
              Aggregate
                Certificate Principal Balance of the Class [2-B1] [2-B2] [2-B3] [2-B4]
                [2-B5] [2-B6] Certificates as of the Issue Date:
                $[___________]

               

              Denomination:
                $[___________]

               

              Master
                Servicer: CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [_____________]

               

            

    

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, adjustable-rate and
      fixed-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold
      by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR,
      CITIBANK, N.A., THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS
      CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR
      INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Cede & Co. is the registered owner of a Percentage Interest
      (obtained by dividing the denomination of this Certificate by the aggregate
      Certificate Principal Balance of the Class [2-B1] [2-B2] [2-B3] [2-B4] [2-B5]
      [2-B6] Certificates as of the Issue Date) in that certain beneficial ownership
      interest evidenced by all the Class [2-B1] [2-B2] [2-B3] [2-B4] [2-B5] [2-B6]
      Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month or, if such 25th day is not a Business Day, the Business Day
      immediately following (a “Distribution Date”), commencing on the First
      Distribution Date specified above, to the Person in whose name this Certificate
      is registered on the Record Date, in an amount equal to the product of the
      Percentage Interest evidenced by this Certificate and the amount required to
      be
      distributed to the Holders of Class [2-B1] [2-B2] [2-B3] [2-B4] [2-B5] [2-B6]
      Certificates on such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee and the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    .
      Any
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT         
                    -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                 -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available
      funds

     
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

      
      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A-25

     

    FORM
      OF
      CLASS 2-P CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD
      OR
      TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD
      OR
      TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT
      AND
      UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS
      OF SECTION 5.02 OF THE AGREEMENT.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS
      AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES
      DESCRIBED HEREIN.

     

    

     

    
      	
              Series:
                2007-6

               

            	
              Aggregate
                Certificate Principal Balance of the Class 2-P Certificates as of
                the
                Issue Date: $100.00

               

            
	
              Cut-off
                Date and date of Pooling and Servicing Agreement: April 1,
                2007

               

            	
              Denomination:
                $100.00

               

            
	
              First
                Distribution Date: May 25, 2007

               

            	
              Master
                Servicer: CitiMortgage, Inc.

               

            
	
              No.
                1

               

            	
              Trust
                Administrator:  CitiMortgage, Inc.

               

            
	 	
              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

            
	 	
              Trustee:
                U.S. Bank National Association

               

            

    

    

    DISTRIBUTIONS
      IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE
      MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE
      PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE
      AS
      THE DENOMINATION OF THIS CERTIFICATE.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSET
      BACKED PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, adjustable-rate and
      fixed-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold
      by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE
      OR
      ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING
      MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED
      STATES.

     

    This
      certifies that Citigroup Global Markets Inc. is the registered owner of a
      Percentage Interest (obtained by dividing the denomination of this Certificate
      by the aggregate Certificate Principal Balance of the Class 2-P Certificates
      as
      of the Issue Date) in that certain beneficial ownership interest evidenced
      by
      all the Class 2-P Certificates in the Trust Fund created pursuant to a Pooling
      and Servicing Agreement, dated as specified above (the “Agreement”), among
      Citigroup Mortgage Loan Trust Inc. (hereinafter called the “Depositor,” which
      term includes any successor entity under the Agreement), the Master Servicer,
      the Trust Administrator, Citibank, N.A. and the Trustee, a summary of certain
      of
      the pertinent provisions of which is set forth hereafter.  To the
      extent not defined herein, the capitalized terms used herein have the meanings
      assigned in the Agreement.  This Certificate is issued under and is
      subject to the terms, provisions and conditions of the Agreement, to which
      Agreement the Holder of this Certificate by virtue of the acceptance hereof
      assents and by which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 2-P Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register.  Notwithstanding the above, the final distribution on this
      Certificate will be made after due notice by the Paying Agent of the pendency
      of
      such distribution and only upon presentation and surrender of this Certificate
      at the office or agency appointed by the Paying Agent for that purpose as
      provided in the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Asset Backed Pass-Through Certificates of the Series specified on the face
      hereof (herein called the “Certificates”) and representing the Percentage
      Interest specified above in the Class of Certificates to which the Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A., the Trustee, and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the Trust
      Administrator shall require receipt of (i) if such transfer is purportedly
      being
      made in reliance upon Rule 144A under the 1933 Act, written certifications
      from
      the Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel
      satisfactory to it that such transfer may be made without such registration
      or
      qualification (which Opinion of Counsel shall not be an expense of the Trust
      Fund or of the Depositor, the Trustee, the Trust Administrator or the Servicer
      in their respective capacities as such), together with copies of the written
      certification(s) of the Holder of the Certificate desiring to effect the
      transfer and/or such Holder’s prospective transferee upon which such Opinion of
      Counsel is based. None of the Depositor or the Trustee is obligated to register
      or qualify the Class of Certificates specified on the face hereof under the
      1933
      Act or any other securities law or to take any action not otherwise required
      under the Agreement to permit the transfer of such Certificates without
      registration or qualification. Any Holder desiring to effect a transfer of
      this
      Certificate shall be required to indemnify the Trustee, the Trust Administrator,
      the Depositor, the Master Servicer, Citibank, N.A. and any Sub-Servicer against
      any liability that may result if the transfer is not so exempt or is not made
      in
      accordance with such federal and state laws.

     

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made except in accordance with Section
      5.02(c) of the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee, nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement and the Trust Fund created thereby shall
      terminate upon payment to the Certificateholders of all amounts held by the
      Trustee and required to be paid to them pursuant to the Agreement following
      the
      earlier of (i) the final payment or other liquidation (or any advance with
      respect thereto) of the last Mortgage Loan and REO Property remaining in the
      Trust Fund and (ii) the purchase by the party designated in the Agreement at
      a
      price determined as provided  in the Agreement from the Trust Fund of
      all the Mortgage Loans and all property acquired in respect of such Mortgage
      Loans. The Agreement permits, but does not require, the party designated in
      the
      Agreement to purchase from the Trust Fund all the Mortgage Loans in the
      Collateral Pool relating to this Certificate and all property acquired in
      respect of any Mortgage Loan in such Collateral Pool at a price determined
      as
      provided in the Agreement. The exercise of such right will effect early
      retirement of the Certificates relating to such Collateral Pool; however, such
      right to purchase is subject to the aggregate Stated Principal Balance of the
      Mortgage Loans in such Collateral Pool at the time of purchase being less than
      10% of the aggregate principal balance of the Mortgage Loans in such Collateral
      Pool as of the Cut-off Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM - as tenants in common

               

            	
              UNIF
                GIFT MIN ACT - Custodian

               

            
	
              TEN
                ENT - as tenants by the entireties

               

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

               

            
	
              JT
                TEN - as joint tenants with right

              if
                survivorship and not as

              tenants
                in common

               

            	
              _______________

              (State)

               

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto
      ________________________________________________________________

    
      	 
	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Asset Backed Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

     

    
      	 
	 	
              .

            

    

    

    
      	
              Dated:

            	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available funds
      to
      ___________________________________________________________________________
      _______________________________________________________________ for the account
      of _______________________________, account number
      ______________________________, or, if mailed by check,
      to____________________________________________________________________________________________________________________________________________

    
      	 	
              .

            

    

    Applicable
      statements should be mailed
      to_____________________________________________________________________________________________________________________________

    
      	 	
              .

            

    

    This
      information is provided by ___________________________________________, the
      assignee named above, or ________________________________________, as its
      agent.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-26

     

    FORM
      OF
      CLASS 2-R CERTIFICATE

     

    THIS
      CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” (“REMIC”), AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IN
      ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), OTHER CODE WILL BE REGISTERED EXCEPT IN
      COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IF
      THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUSTEE THAT (A) SUCH
      TRANSFEREE IS NOT (1) THE UNITED STATES OR ANY POSSESSION THEREOF, ANY STATE
      OR
      POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL
      ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (2)
      ANY
      ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE)
      THAT IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH
      ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (3)
      ANY
      ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON
      DESCRIBED IN THE FOREGOING CLAUSES (1), (2) OR (3) SHALL HEREINAFTER BE REFERRED
      TO AS A “DISQUALIFIED ORGANIZATION”) OR (4) AN AGENT OF A DISQUALIFIED
      ORGANIZATION AND (B) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT
      OR
      COLLECTION OF TAX, AND (II) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL
      CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE.
      NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER,
      SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION
      OR
      AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED
      TO BE
      OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED
      TO BE
      A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO,
      THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS
      CERTIFICATE BY ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE
      PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(C) OF THE
      POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT IS A
      DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP
      OF
      THIS CERTIFICATE.

     

    

    
      	
              Series
                2007-6

               

              Pass-Through
                Rate: 6.500%

               

              Cut-off
                Date and date of Pooling and Servicing Agreement: April 1,
                2007

               

              First
                Distribution Date: May 25, 2007

               

              No.1

               

            	
              Aggregate
                Certificate Principal Balance of the Class 2-R Certificates as of
                the
                Issue Date: $[_____]

               

              Denomination:
                $[_____]

               

              Master
                Servicer: CitiMortgage, Inc.

               

              Trust
                Administrator:  CitiMortgage, Inc.

               

              Certificate
                Registrar, Paying Agent and Authenticating Agent: Citibank,
                N.A.

               

              Trustee:
                U.S. Bank National Association

               

              Issue
                Date: April 30, 2007

               

              CUSIP:
                [____________]

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    MORTGAGE
      PASS-THROUGH CERTIFICATE

     

    evidencing
      a beneficial ownership interest in a Trust Fund (the “Trust Fund”) consisting
      primarily of a pool of conventional one- to four-family, adjustable-rate and
      fixed-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold
      by

     

    CITIGROUP
      MORTGAGE LOAN TRUST INC.

     

    THIS
      CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN CITIGROUP
      MORTGAGE LOAN TRUST INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST
      ADMINSITRATOR, CITIBANK, N.A. OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER
      THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY
      OR INSTRUMENTALITY OF THE UNITED STATES.

     

    This
      certifies that Citigroup Global Markets, Inc. is the registered owner of the
      Percentage Interest evidenced by this Certificate specified above in that
      certain beneficial ownership interest evidenced by all the Class 2-R
      Certificates in the Trust Fund created pursuant to a Pooling and Servicing
      Agreement, dated as specified above (the “Agreement”), among Citigroup Mortgage
      Loan Trust Inc. (hereinafter called the “Depositor,” which term includes any
      successor entity under the Agreement), the Master Servicer, the Trust
      Administrator, Citibank, N.A. and the Trustee, a summary of certain of the
      pertinent provisions of which is set forth hereafter.  To the extent
      not defined herein, the capitalized terms used herein have the meanings assigned
      in the Agreement.  This Certificate is issued under and is subject to
      the terms, provisions and conditions of the Agreement, to which Agreement the
      Holder of this Certificate by virtue of the acceptance hereof assents and by
      which such Holder is bound.

     

    Pursuant
      to the terms of the Agreement, distributions will be made on the 25th day of
      each month
      or, if such 25th day is
      not a
      Business Day, the Business Day immediately following (a “Distribution Date”),
      commencing on the First Distribution Date specified above, to the Person in
      whose name this Certificate is registered on the Record Date, in an amount
      equal
      to the product of the Percentage Interest evidenced by this Certificate and
      the
      amount required to be distributed to the Holders of Class 2-R Certificates
      on
      such Distribution Date pursuant to the Agreement.

     

    All
      distributions to the Holder of this Certificate under the Agreement will be
      made
      or caused to be made by the Paying Agent by wire transfer in immediately
      available funds to the account of the Person entitled thereto if such Person
      shall have so notified the Paying Agent in writing at least five Business Days
      prior to the Record Date immediately prior to such Distribution Date or
      otherwise by check mailed by first class mail to the address of the Person
      entitled thereto, as such name and address shall appear on the Certificate
      Register. Notwithstanding the above, the final distribution on this Certificate
      will be made after due notice by the Paying Agent of the pendency of such
      distribution and only upon presentation and surrender of this Certificate at
      the
      office or agency appointed by the Paying Agent for that purpose as provided
      in
      the Agreement.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      Mortgage Pass-Through Certificates of the Series specified on the face hereof
      (herein called the “Certificates”) and representing the Percentage Interest
      specified above in the Class of Certificates to which this Certificate
      belongs.

     

    The
      Certificates are limited in right of payment to certain collections and
      recoveries respecting the Mortgage Loans, all as more specifically set forth
      herein and in the Agreement. As provided in the Agreement, withdrawals from
      the
      Collection Account and the Distribution Account may be made from time to time
      for purposes other than distributions to Certificateholders, such purposes
      including reimbursement of advances made, or certain expenses incurred, with
      respect to the Mortgage Loans.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor,
      the
      Master Servicer, the Trust Administrator, Citibank, N.A. and the Trustee and
      the
      rights of the Certificateholders, under the Agreement at any time by the
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A. and
      the
      Trustee with the consent of the Holders of Certificates entitled to at least
      66%
      of the Voting Rights. Any such consent by the Holder of this Certificate shall
      be conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in
      exchange herefor or in lieu hereof whether or not notation of such consent
      is
      made upon this Certificate. The Agreement also permits the amendment thereof,
      in
      certain limited circumstances, without the consent of the Holders of any of
      the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      upon
      surrender of this Certificate for registration of transfer at the offices or
      agencies appointed by the Certificate Registrar as provided in the Agreement,
      duly endorsed by, or accompanied by an assignment in the form below or other
      written instrument of transfer in form satisfactory to the Certificate Registrar
      duly executed by, the Holder hereof or such Holder's attorney duly authorized
      in
      writing, and thereupon one or more new Certificates of the same Class in
      authorized denominations evidencing the same aggregate Percentage Interest
      will
      be issued to the designated transferee or transferees.

     

     Any
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any Person using “Plan Assets” (within the meaning of Department of Labor
      Regulation 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA)
      to acquire this Certificate shall be made in accordance with Section 5.02(c)
      of
      the Agreement.

     

    The
      Certificates are issuable in fully registered form only without coupons in
      Classes and denominations representing Percentage Interests specified in the
      Agreement. As provided in the Agreement and subject to certain limitations
      therein set forth, the Certificates are exchangeable for new Certificates of
      the
      same Class in authorized denominations evidencing the same aggregate Percentage
      Interest, as requested by the Holder surrendering the same.  No
      service charge will be made for any such registration of transfer or exchange
      of
      Certificates, but the Certificate Registrar may require payment of a sum
      sufficient to cover any tax or other governmental charge that may be imposed
      in
      connection with any transfer or exchange of Certificates.

     

    Prior
      to
      registration of any transfer, sale or other disposition of this Certificate,
      the
      proposed transferee shall provide to the Certificate Registrar (i) an affidavit
      to the effect that such transferee is any Person other than a Disqualified
      Organization or the agent (including a broker, nominee or middleman) of a
      Disqualified Organization, and (ii) a certificate that acknowledges that (A)
      the
      Class 2-R Certificates have been designated as a residual interest in a REMIC,
      (B) it will include in its income a pro rata share of the net income of the
      Trust Fund and that such income may be an “excess inclusion,” as defined in the
      Code, that, with certain exceptions, cannot be offset by other losses or
      benefits from any tax exemption, and (C) it expects to have the financial means
      to satisfy all of its tax obligations including those relating to holding the
      Class 2-R Certificates. Notwithstanding the registration in the Certificate
      Register of any transfer, sale or other disposition of this Certificate to
      a
      Disqualified Organization or an agent (including a broker, nominee or middleman)
      of a Disqualified Organization, such registration shall be deemed to be of
      no
      legal force or effect whatsoever and such Person shall not be deemed to be
      a
      Certificateholder for any purpose, including, but not limited to, the receipt
      of
      distributions in respect of this Certificate.

     

    The
      Holder of this Certificate, by its acceptance hereof, shall be deemed to have
      consented to the provisions of Section 5.02 of the Agreement and to any
      amendment of the Agreement deemed necessary by counsel of the Depositor to
      ensure that the transfer of this Certificate to any Person other than a
      Permitted Transferee or any other Person will not cause any Trust Fund to cease
      to qualify as a REMIC or cause the imposition of a tax upon the
      REMIC.

     

    The
      Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A., the
      Trustee and any agent of the Depositor, the Master Servicer, the Trust
      Administrator, Citibank, N.A. or the Trustee may treat the Person in whose
      name
      this Certificate is registered as the owner hereof for all purposes, and none
      of
      the Depositor, the Master Servicer, the Trust Administrator, Citibank, N.A.,
      the
      Trustee, nor any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement
      and the Trust Fund created thereby shall terminate upon payment to the
      Certificateholders of all amounts held by the Trustee and required to be paid
      to
      them pursuant to the Agreement following the earlier of (i) the final payment
      or
      other liquidation (or any advance with respect thereto) of the last Mortgage
      Loan and REO Property remaining in the Trust Fund and (ii) the purchase by
      the
      party designated in the Agreement at a price determined as
      provided  in the Agreement from the Trust Fund of all the Mortgage
      Loans and all property acquired in respect of such Mortgage Loans. The Agreement
      permits, but does not require, the party designated in the Agreement to purchase
      from the Trust Fund all the Mortgage Loans in the Collateral Pool relating
      to
      this Certificate and all property acquired in respect of any Mortgage Loan
      in
      such Collateral Pool at a price determined as provided in the Agreement. The
      exercise of such right will effect early retirement of the Certificates relating
      to such Collateral Pool; however, such right to purchase is subject to the
      aggregate Stated Principal Balance of the Mortgage Loans in such Collateral
      Pool
      at the time of purchase being less than 10% of the aggregate principal balance
      of the Mortgage Loans in such Collateral Pool as of the Cut-off
      Date.

     

    The
      recitals contained herein shall be taken as statements of the Depositor, and
      the
      Trustee assumes no responsibility for their correctness.

     

    Unless
      the certificate of authentication hereon has been executed by the Authenticating
      Agent, by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement or be valid for any purpose.

     

    IN
      WITNESS WHEREOF, the Paying Agent has caused this Certificate to be duly
      executed.

     

    Dated:
      April ___, 2007

     

    
      	 	 	 	 	 	 	 	
              CITIBANK,
                N.A., not in its individual capacity, but solely as Paying
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN TRUST INC., MORTGAGE PASS-THROUGH CERTIFICATES, SERIES
                2007-6

               

              CITIBANK,
                N.A., not in its individual capacity, but solely as Authenticating
                Agent

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Officer

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    ABBREVIATIONS

     

    The
      following abbreviations, when used in the inscription on the face of this
      instrument, shall be construed as though they were written out in full according
      to applicable laws or regulations:

     

    
      	
              TEN
                COM             -

            	
              as
                tenants in common

            	
              UNIF
                GIFT MIN ACT - Custodian

            
	 	 	 	 
	
              TEN
                ENT           
                  -

            	
              as
                tenants by the entireties

            	
              (Cust)
                (Minor) under

              Uniform
                Gifts to Minors Act

            
	 	 	 	 
	
              JT
                TEN                  -

            	
              as
                joint tenants with right of survivorship and not as tenants in
                common

            	 	
              _________________

              State

            

    

    

    Additional
      abbreviations may also be used though not in the above list.

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and
      transfer(s)  unto

    

    
      	 	 	 
	 	 	 
	 	 	 

    

    (Please
      print or typewrite name, address including postal zip code, and Taxpayer
      Identification Number of assignee) a Percentage Interest equal to ____%
      evidenced by the within Mortgage Pass-Through Certificates and hereby
      authorize(s) the registration of transfer of such interest to assignee on the
      Certificate Register of the Trust Fund.

     

    I
      (we)
      further direct the Trustee to issue a new Certificate of a like Percentage
      Interest and Class to the above named assignee and deliver such Certificate
      to
      the following address:

    
      	 	 	 
	 	 	
              .

            

    

    

    Dated:

     

    
      	 	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    Distributions
      shall be made, by wire transfer or otherwise, in immediately available
      funds

     
      
        	
                to

              	 	
                ,

              

      

      
        	
                for
                  the account of

              	 	
                ,

              

      

      
        	
                account
                  number___________, or, if mailed by check, to

              	 	
                ,

              

      

      
        	
                Applicable
                  statements should be mailed to

              	 	
                ,

              

      

      
        	 	
                .

              

      

      
        	
                This
                  information is provided by

              	 	
                ,

              

      

      
        	
                the
                  assignee named above, or

              	 	
                ,

              

      

      
        	
                as
                  its agent.

              	 

      

      
      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    FORM
      10-D, FORM 8-K AND FORM 10-K

     

    REPORTING
      RESPONSIBILITY

     

    As
      to
      each item described below, the entity indicated as the Responsible Party shall
      be primarily responsible for reporting the information to the party identified
      as responsible for preparing the Securities Exchange Act Reports pursuant to
      Section 3.19.

    

    Under
      Item 1 of Form 10-D: a) items marked “6.07 statement” are required to be
      included in the periodic Payment Date statement under Section 6.07, provided
      by
      the Trust Administrator based on information received from the Master Servicer;
      and b) items marked “Form 10-D report” are required to be in the Form 10-D
      report but not the 6.07 statement, provided by the party
      indicated.  Information under all other Items of Form 10-D is to be
      included in the Form 10-D report.  All such information and any other
      Items on Form 8-K and Form 10-D set forth in this Exhibit shall be sent to
      the
      Trust Administrator and the Depositor.

    

    
      	
                   
                Form

            	
              Item

            	
              Description

            	
                     
                Servicer(s)

            	
              Master
                Servicer

            	
              Trust
                Administrator

            	
              Custodians

            	
              Trustee

            	
              Depositor

            	
              Sponsor

            
	
              10-D

               

            	
              Must
                be filed within 15 days of the payment date for the asset-backed
                securities.

               

            	 	
              (nominal)

               

            	 	 
	
              1

               

            	
              Distribution
                and Pool Performance Information

               

            	 	 	 	 	 	 	 
	
              Item
                1121(a) – Distribution and Pool Performance Information

               

            	 	 	 	 	 	 	 
	
              (1)
                Any applicable record dates, accrual dates, determination dates for
                calculating distributions and actual distribution dates for the
                distribution period.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (2)
                Cash flows received and the sources thereof for distributions, fees
                and
                expenses.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (3)
                Calculated amounts and distribution of the flow of funds for the
                period
                itemized by type and priority of payment, including:

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (i)
                Fees or expenses accrued and paid, with an identification of the
                general
                purpose of such fees and the party receiving such fees or
                expenses.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (ii)
                Payments accrued or paid with respect to enhancement or other support
                identified in Item 1114 of Regulation AB (such as insurance premiums
                or
                other enhancement maintenance fees), with an identification of the
                general
                purpose of such payments and the party receiving such
                payments.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (iii)
                Principal, interest and other distributions accrued and paid on the
                asset-backed securities by type and by class or series and any principal
                or interest shortfalls or carryovers.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (iv)
                The amount of excess cash flow or excess spread and the disposition
                of
                excess cash flow.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (4)
                Beginning and ending principal balances of the asset-backed
                securities.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (5)
                Interest rates applicable to the pool assets and the asset-backed
                securities, as applicable. Consider providing interest rate information
                for pool assets in appropriate distributional groups or incremental
                ranges.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (6)
                Beginning and ending balances of transaction accounts, such as reserve
                accounts, and material account activity during the period.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (7)
                Any amounts drawn on any credit enhancement or other support identified
                in
                Item 1114 of Regulation AB, as applicable, and the amount of coverage
                remaining under any such enhancement, if known and
                applicable.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (8)
                Number and amount of pool assets at the beginning and ending of each
                period, and updated pool composition information, such as weighted
                average
                coupon, weighted average remaining term, pool factors and prepayment
                amounts.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

               

            	 	 	
              Updated
                pool composition information fields to be as specified by Depositor
                from
                time to time

               

            	 
	
              (9)
                Delinquency and loss information for the period.

               

            	
              X

               

               

            	
              X

               

               

            	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              In
                addition, describe any material changes to the information specified
                in
                Item 1100(b)(5) of Regulation AB regarding the pool assets.
                (methodology)

               

            	
              X

               

               

            	 	 	 	 	 	 
	
              (10)
                Information on the amount, terms and general purpose of any advances
                made
                or reimbursed during the period, including the general use of funds
                advanced and the general source of funds for reimbursements.

               

            	
              X

               

            	
              X

               

            	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (11)
                Any material modifications, extensions or waivers to pool asset terms,
                fees, penalties or payments during the distribution period or that
                have
                cumulatively become material over time.

               

            	
              X

               

               

            	
              X

               

               

            	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (12)
                Material breaches of pool asset representations or warranties or
                transaction covenants.

               

            	
              X

               

            	
              X

               

            	
              X

               

              (if
                agreed upon by the parties)

               

            	 	 	
              X

               

            	 
	
              (13)
                Information on ratio, coverage or other tests used for determining
                any
                early amortization, liquidation or other performance trigger and
                whether
                the trigger was met.

               

            	 	 	
              X

               

              (6.07
                Statement)

               

            	 	 	 	 
	
              (14)
                Information regarding any new issuance of asset-backed securities
                backed
                by the same asset pool,

               

            	 	 	 	 	 	
              X

               

            	 
	
              information
                regarding any pool asset changes (other than in connection with a
                pool
                asset converting into cash in accordance with its terms), such as
                additions or removals in connection with a prefunding or revolving
                period
                and pool asset substitutions and repurchases (and purchase rates,
                if
                applicable), and cash flows available for future purchases, such
                as the
                balances of any prefunding or revolving accounts, if
                applicable.

               

            	
              X

               

            	
              X

               

            	
              X

               

            	 	 	
              X

               

            	 
	
              Disclose
                any material changes in the solicitation, credit-granting, underwriting,
                origination, acquisition or pool selection criteria or procedures,
                as
                applicable, used to originate, acquire or select the new pool
                assets.

               

            	 	 	 	 	 	
              X

               

            	
              X

               

            
	
              Item
                1121(b) – Pre-Funding or Revolving Period Information

              Updated
                pool information as required under Item 1121(b).

               

            	 	 	 	 	 	
              X

               

            	 
	
              2

               

            	
              Legal
                Proceedings

               

            	 	 	 	 	 	 	 
	
              Item
                1117 – Legal proceedings pending against the following entities, or their
                respective property, that is material to Certificateholders, including
                proceedings known to be contemplated by governmental
                authorities:

               

            	 	 	 	 	 	 	 
	
              Sponsor
                (Seller)

               

            	 	 	 	 	 	 	
              X

               

            
	
              Depositor

               

            	 	 	 	 	 	
              X

               

            	 
	
              Trustee

               

            	 	 	 	 	
              X

               

            	 	 
	
              Issuing
                entity

               

            	 	 	 	 	 	
              X

               

            	 
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

               

            	
              X

               

            	
              X

               

            	 	 	 	 	 
	
              Trust
                Administrator

               

            	 	 	
              X

               

            	 	 	 	 
	
              Originator
                of 20% or more of pool assets as of the Cut-off Date

               

            	 	 	 	 	 	
              X

               

            	 
	
              Custodian

               

            	 	 	 	
              X

               

            	 	 	 
	
              3

               

            	
              Sales
                of Securities and Use of Proceeds

               

            	 	 	 	 	 	 	 
	
              Information
                from Item 2(a) of Part II of Form 10-Q:

               

              With
                respect to any sale of securities by the sponsor, depositor or issuing
                entity, that are backed by the same asset pool or are otherwise issued
                by
                the issuing entity, whether or not registered, provide the sales
                and use
                of proceeds information in Item 701 of Regulation S-K.  Pricing
                information can be omitted if securities were not registered.

               

            	 	 	 	 	 	
              X

               

            	 
	
              4

               

            	
              Defaults
                Upon Senior Securities

               

            	 	 	 	 	 	 	 
	
              Information
                from Item 3 of Part II of Form 10-Q:

               

              Report
                the occurrence of any Event of Default (after expiration of any grace
                period and provision of any required notice)

               

            	 	 	
              X

               

            	 	 	 	 
	
              5

               

            	
              Submission
                of Matters to a Vote of Security Holders

               

            	 	 	 	 	 	 	 
	
              Information
                from Item 4 of Part II of Form 10-Q

               

            	 	 	
              X

               

            	 	 	 	 
	
              6

               

            	
              Significant
                Obligors of Pool Assets

               

            	 	 	 	 	 	 	 
	
              Item
                1112(b) –Significant Obligor Financial
                Information*

               

            	 	 	 	 	 	
              X

               

            	 
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Item.

               

            	 	 	 	 	 	 	 
	
              7

               

            	
              Significant
                Enhancement Provider Information

               

            	 	 	 	 	 	 	 
	
              Item
                1114(b)(2) – Credit Enhancement Provider Financial
                Information*

               

            	 	 	 	 	 	 	 
	
              Determining
                applicable disclosure threshold

               

            	 	 	
              X

               

            	 	 	 	 
	
              Requesting
                required financial information or effecting incorporation by
                reference

               

            	 	 	
              X

               

            	 	 	 	 
	
              Item
                1115(b) – Derivative Counterparty Financial Information*

               

            	 	 	 	 	 	 	 
	
              Determining
                current maximum probable exposure

               

            	 	 	 	 	 	
              X

               

            	 
	
              Determining
                current significance percentage

               

            	 	 	
              X

               

            	 	 	 	 
	
              Requesting
                required financial information or effecting incorporation by
                reference

               

            	 	 	
              X

               

            	 	 	 	 
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Items.

               

            	 	 	 	 	 	 	 
	
              8

               

            	
              Other
                Information

               

            	 	 	 	 	 	 	 
	
              Disclose
                any information required to be reported on Form 8-K during the period
                covered by the Form 10-D but not reported

               

            	
              The
                Responsible Party for the applicable Form 8-K item as indicated
                below.

               

            
	
              9

               

            	
              Exhibits

               

            	 	 	 	 	 	 	 
	
              Distribution
                report

               

            	 	 	
              X

               

            	 	 	 	 
	
              Exhibits
                required by Item 601 of Regulation S-K, such as material
                agreements

               

            	 	 	 	 	 	
              X

               

            	 
	
              8-K

               

            	
              Must
                be filed within four business days of an event reportable on Form
                8-K.

               

            	 	 	 	 
	
              1.01

               

            	
              Entry
                into a Material Definitive Agreement

               

            	 	 	 	 	 	 	 
	
              Disclosure
                is required regarding entry into or amendment of any definitive agreement
                that is material to the securitization, even if depositor is not
                a
                party.

              Examples:
                servicing agreement, custodial agreement.

              Note:
                disclosure not required as to definitive agreements that are fully
                disclosed in the prospectus

               

            	
              X

               

            	
              X

               

            	
              X

               

            	 	 	
              X

               

            	
              X

               

            
	
              1.02

               

            	
              Termination
                of a Material Definitive Agreement

               

            	
              X

               

            	
              X

               

            	
              X

               

            	 	 	
              X

               

            	
              X

               

            
	
              Disclosure
                is required regarding termination of  any definitive agreement
                that is material to the securitization (other than expiration in
                accordance with its terms), even if depositor is not a party.

              Examples:
                servicing agreement, custodial agreement.

               

            	 	 	 	 	 	 	 
	
              1.03

               

            	
              Bankruptcy
                or Receivership

               

            	 	 	 	 	 	 	 
	
              Disclosure
                is required regarding the bankruptcy or receivership, if known to
                the
                Master Servicer, with respect to any of the following:

              Sponsor
                (Seller), Depositor, Master Servicer, affiliated Servicer, other
                Servicer
                servicing 20% or more of pool assets at time of report, other material
                servicers, Certificate Administrator, Trustee, significant obligor,
                credit
                enhancer (10% or more), derivatives counterparty, Custodian

               

            	
              X

               

            	
              X

               

            	
              X

               

            	
              X

               

            	 	
              X

               

            	
              X

               

            
	
              2.04

               

            	
              Triggering
                Events that Accelerate or Increase a Direct Financial Obligation
                or an
                Obligation under an Off-Balance Sheet Arrangement

               

            	 	 	 	 	 	 	 
	
              Includes
                an early amortization, performance trigger or other event, including
                event
                of default, that would materially alter the payment priority/distribution
                of cash flows/amortization schedule.

              Disclosure
                will be made of events other than waterfall triggers which are disclosed
                in the 6.07 statement

               

            	 	
              X

               

            	
              X

               

            	 	 	 	 
	
              3.03

               

            	
              Material
                Modification to Rights of Security Holders

               

            	 	 	 	 	 	 	 
	
              Disclosure
                is required of any material modification to documents defining the
                rights
                of Certificateholders, including the Pooling and Servicing
                Agreement

               

            	 	 	
              X

               

            	 	 	
              X

               

            	 
	
              5.03

               

            	
              Amendments
                to Articles of Incorporation or Bylaws; Change in Fiscal
                Year

               

            	 	 	 	 	 	 	 
	
              Disclosure
                is required of any amendment “to the governing documents of the issuing
                entity”

               

            	 	 	 	 	 	
              X

               

            	 
	
              5.06

               

            	
              Change
                in Shell Company Status

               

            	 	 	 	 	 	 	 
	
              [Not
                applicable to ABS issuers]

               

            	 	 	 	 	 	
              X

               

            	 
	
              6.01

               

            	
              ·  ABS
                Informational and Computational Material

               

               

            	 	 	 	 	 	 	 
	
              [Not
                included in reports to be filed under Section 3.18]

               

            	 	 	 	 	 	
              X

               

            	 
	
              6.02

               

            	
              Change
                of Servicer or Trustee

               

            	 	 	 	 	 	 	 
	
              Requires
                disclosure of any removal, replacement, substitution or addition
                of any
                master servicer, affiliated servicer, other servicer servicing 10%
                or more
                of pool assets at time of report, other material servicers, certificate
                administrator or trustee.

               

            	
              X

               

            	
              X

               

            	
              X

               

            	 	 	
              X

               

               

            	 
	 	
              Reg
                AB disclosure about any new servicer is also required.

               

            	
              X

               

            	 	 	 	 	 	 
	
              Reg
                AB disclosure about any new trustee is also required.

               

            	 	 	 	 	
              X
                (to the extent required by successor trustee

               

            	 	 
	
              Reg
                AB disclosure about any new Trust Administrator is also
                required.

               

            	 	 	
              X

               

            	 	 	 	 
	
              6.03

               

            	
              Change
                in Credit Enhancement or Other External Support

               

            	 	 	 	 	 	 	 
	
              Covers
                termination of any enhancement in manner other than by its terms,
                the
                addition of an enhancement, or a material change in the enhancement
                provided.  Applies to external credit enhancements as well as
                derivatives.

               

            	 	 	
              X

               

            	 	 	
              X

               

            	 
	 	
              Reg
                AB disclosure about any new enhancement provider is also
                required.

               

            	 	 	
              X

               

            	 	 	
              X

               

            	 
	
              6.04

               

            	
              Failure
                to Make a Required Distribution

               

            	 	 	
              X

               

            	 	 	 	 
	
              6.05

               

            	
              Securities
                Act Updating Disclosure

               

            	 	 	 	 	 	 	 
	
              If
                any material pool characteristic differs by 5% or more at the time
                of
                issuance of the securities from the description in the final prospectus,
                provide updated Reg AB disclosure about the actual asset
                pool.

               

            	 	 	 	 	 	
              X

               

            	 
	
              If
                there are any new servicers or originators required to be disclosed
                under
                Regulation AB as a result of the foregoing, provide the information
                called
                for in Items 1108 and 1110 respectively.

               

            	 	 	 	 	 	
              X

               

            	 
	
              7.01

               

            	
              Regulation
                FD Disclosure

               

            	
              X

               

            	
              X

               

            	
              X

               

            	
              X

               

            	 	
              X

               

            	 
	
              8.01

               

            	
              Other
                Events

               

            	 	 	 	 	 	 	 
	
              Any
                event, with respect to which information is not otherwise called
                for in
                Form 8-K, that the registrant deems of importance to security
                holders.

               

            	 	 	 	 	 	
              X

               

            	 
	
              9.01

               

            	
              Financial
                Statements and Exhibits

               

            	
              The
                Responsible Party applicable to reportable event.

               

            
	
              10-K

               

            	
              Must
                be filed within 90 days of the fiscal year end for the
                registrant.

               

            	 	 	 	 
	
              9B

               

            	
              Other
                Information

               

            	 	 	 	 	 	 	 
	 	 	
              Disclose
                any information required to be reported on Form 8-K during the fourth
                quarter covered by the Form 10-K but not reported

               

            	
              The
                Responsible Party for the applicable Form 8-K item as indicated
                above.

               

            
	 	
              15

               

            	
              Exhibits
                and Financial Statement Schedules

               

            	 	 	 	 	 	 	 
	
              Item
                1112(b) –Significant Obligor Financial
                Information

               

            	 	 	 	 	 	
              X

               

            	 
	
              Item
                1114(b)(2) – Credit Enhancement Provider Financial
                Information

               

            	 	 	 	 	 	 	 
	
              Determining
                applicable disclosure threshold

               

            	 	 	
              X

               

            	 	 	 	 
	
              Requesting
                required financial information or effecting incorporation by
                reference

               

            	 	 	
              X

               

            	 	 	 	 
	
              Item
                1115(b) – Derivative Counterparty Financial Information

               

            	 	 	 	 	 	 	 
	
              Determining
                current maximum probable exposure

               

            	 	 	 	 	 	
              X

               

            	 
	 	 	
              Determining
                current significance percentage

               

            	 	 	
              X

               

            	 	 	 	 
	
              Requesting
                required financial information or effecting incorporation by
                reference

               

            	 	 	
              X

               

            	 	 	 	 
	
              Item
                1117 – Legal proceedings pending against the following entities, or their
                respective property, that is material to Certificateholders, including
                proceedings known to be contemplated by governmental
                authorities:

               

            	 	 	 	 	 	 	 
	
              Sponsor
                (Seller)

               

            	 	 	 	 	 	 	
              X

               

            
	
              Depositor

               

            	 	 	 	 	 	
              X

               

            	 
	
              Trustee

               

            	 	 	 	 	 	 	 
	
              Issuing
                entity

               

            	 	 	 	 	 	
              X

               

            	 
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

               

            	
              X

               

            	
              X

               

            	 	 	 	 	 
	
              Trust
                Administrator

               

            	 	 	
              X

               

            	 	 	 	 
	
              Originator
                of 20% or more of pool assets as of the Cut-off Date

               

            	 	 	 	 	 	
              X

               

            	 
	
              Custodian

               

            	 	 	 	
              X

               

            	 	 	 
	
              Item
                1119 – Affiliations and relationships between the following entities, or
                their respective affiliates, that are material to
                Certificateholders:

               

            	 	 	 	 	 	 	 
	
              Sponsor
                (Seller)

               

            	 	 	 	 	 	 	
              X

               

            
	
              Depositor

               

            	 	 	 	 	 	
              X

               

            	 
	
              Trustee

               

            	 	 	 	 	
              X

               

            	 	 
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

               

            	
              X

               

            	
              X

               

            	 	 	 	 	 
	
              Trust
                Administrator

               

            	 	 	
              X

               

            	 	 	 	 
	
              Originator

               

            	 	 	 	 	 	
              X

               

            	 
	
              Custodian

               

            	 	 	 	
              X

               

            	 	 	 
	
              Credit
                Enhancer/Support Provider

               

            	 	 	 	 	 	
              X

               

            	 
	
              Significant
                Obligor

               

            	 	 	 	 	 	
              X

               

            	 
	
              Item
                1122 – Assessment of Compliance with Servicing Criteria

               

            	
              X

               

            	
              X

               

            	
              X

               

            	
              X

               

            	 	 	 
	
              Item
                1123 – Servicer Compliance Statement

               

            	
              X

               

            	
              X

               

            	 	 	 	 	 

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    EXHIBIT
      C

     

    SERVICING
      CRITERIA TO BE ADDRESSED IN

     

    ASSESSMENT
      OF COMPLIANCE

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    Definitions

    Primary
      Servicer – transaction party having borrower contact

    
      Master
        Servicer – aggregator of pool assets 

    

    Trust
      Administrator – waterfall calculator (may be the Trustee, or may be the Master
      Servicer)

    Back-up
      Servicer – named in the transaction (in the event a Back up Servicer becomes the
      Primary Servicer, follow Primary Servicer obligations)

    Custodian
      – safe keeper of pool assets

    Paying
      Agent – distributor of funds to ultimate investor

    Trustee
–
      fiduciary of the transaction

    

    Note:  The
      definitions above describe the essential function that the party performs,
      rather than the party’s title.  So, for example, in a particular
      transaction, the trustee may perform the “paying agent” and “trust
      administrator” functions, while in another transaction, the trust administrator
      may perform these functions.

    

    Where
      there are multiple checks for criteria the attesting party will identify in
      their management assertion that they are attesting only to the portion of the
      distribution chain they are responsible for in the related transaction
      agreements.

    

    Key:

    X
      - obligation

     

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	
              Primary
                Servicer

            	
              Master
                Servicer

            	
              Trust
                Administrator

            	
              Paying
                Agent

            	 
	 	
              General
                Servicing Considerations

            	 	 	 
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party’s
                performance and compliance with such servicing activities.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the Pool Assets are maintained.

            	 	 	 	 	 	 
	
              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with
                the
                terms of the transaction agreements.

            	
              X

            	
              X

            	 	 	 	 
	 	
              Cash
                Collection and Administration

            	 	 	 	 	 	 
	
              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel.

            	
              X

            	
              X

            	 	
              X

            	 	 
	
              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances, are made,
                reviewed and approved as specified in the transaction
                agreements.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of over collateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements.

            	 	 	
              X

            	
              X

            	 	 
	
              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, “federally insured depository institution” with respect to
                a foreign financial institution means a foreign financial institution
                that
                meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                Act.
                *

            	
              X

            	
              X

            	
              X

            	
              X

            	 	 
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized
                access.

            	
              X

            	 	 	 	 	 
	
              1122(d)(2)(vii)

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and (D) contain explanations for reconciling items.
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements.

            	
              X

            	
              X

            	 	
              X

            	 	 
	 	
              Investor
                Remittances and Reporting

            	 	 	 	 	 	 
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors’ or the trustee’s records as to the total unpaid principal
                balance and number of Pool Assets serviced by the
                Servicer.

            	
              X

            	
              X

            	
              X

            	 	 	 
	
              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements.

            	
              X

            	
              X

            	
              X

            	
              X

            	 	 
	
              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the Servicer’s
                investor records, or such other number of days specified in the
                transaction agreements.

            	
              X

            	
              X

            	 	
              X

            	 	 
	
              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank
                statements.

            	
              X

            	
              X

            	 	
              X

            	 	 
	 	
              Pool
                Asset Administration

            	 	 	 	 	 	 
	
              1122(d)(4)(i)

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related pool asset documents.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(4)(ii)

            	
              Pool
                assets  and related documents are safeguarded as required by the
                transaction agreements

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(4)(iii)

            	
              Any
                additions, removals or substitutions to the asset pool are made,
                reviewed
                and approved in accordance with any conditions or requirements in
                the
                transaction agreements.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(4)(iv)

            	
              Payments
                on pool assets, including any payoffs, made in accordance with the
                related
                pool asset documents are posted to the Servicer’s obligor records
                maintained no more than two business days after receipt, or such
                other
                number of days specified in the transaction agreements, and allocated
                to
                principal, interest or other items (e.g., escrow) in accordance with
                the
                related pool asset documents.

            	
              X

            	 	 	 	 	 
	
              1122(d)(4)(v)

            	
              The
                Servicer’s records regarding the pool assets agree with the Servicer’s
                records with respect to an obligor’s unpaid principal
                balance.

            	
              X

            	 	 	 	 	 
	
              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor's pool assets (e.g.,
                loan modifications or re-agings) are made, reviewed and approved
                by
                authorized personnel in accordance with the transaction agreements
                and
                related pool asset documents.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(4)(vii)

            	
              Loss
                mitigation or recovery actions (e.g., forbearance plans, modifications
                and
                deeds in lieu of foreclosure, foreclosures and repossessions, as
                applicable) are initiated, conducted and concluded in accordance
                with the
                timeframes or other requirements established by the transaction
                agreements.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(4)(viii)

            	
              Records
                documenting collection efforts are maintained during the period a
                pool
                asset is delinquent in accordance with the transaction agreements.
                Such
                records are maintained on at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity’s
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or
                unemployment).

            	
              X

            	 	 	 	 	 
	
              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents.

            	
              X

            	
              X

            	 	 	 	 
	
              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts):
                (A) such
                funds are analyzed, in accordance with the obligor’s pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 30 calendar
                days of full repayment of the related pool assets, or such other
                number of
                days specified in the transaction agreements.

            	
              X

            	 	 	 	 	 
	
              1122(d)(4)(xi)

            	
              Payments
                made on behalf of an obligor (such as tax or insurance payments)
                are made
                on or before the related penalty or expiration dates, as indicated
                on the
                appropriate bills or notices for such payments, provided that such
                support
                has been received by the servicer at least 30 calendar days prior
                to these
                dates, or such other number of days specified in the transaction
                agreements.

            	
              X

            	 	 	 	 	 
	
              1122(d)(4)(xii)

            	
              Any
                late payment penalties in connection with any payment to be made
                on behalf
                of an obligor are paid from the Servicer’s funds and not charged to the
                obligor, unless the late payment was due to the obligor’s error or
                omission.

            	
              X

            	 	 	 	 	 
	
              1122(d)(4)(xiii)

            	
              Disbursements
                made on behalf of an obligor are posted within two business days
                to the
                obligor’s records maintained by the servicer, or such other number of days
                specified in the transaction agreements.

            	
              X

            	 	 	 	 	 
	
              1122(d)(4)(xiv)

            	
              Delinquencies,
                charge-offs and uncollectible accounts are recognized and recorded
                in
                accordance with the transaction agreements.

            	 	
              X

            	 	 	 	 
	
              1122(d)(4)(xv)

            	
              Any
                external enhancement or other support, identified in Item 1114(a)(1)
                through (3) or Item 1115 of Regulation AB, is maintained as set forth
                in
                the transaction agreements.

            	 	 	
              X

            	 	 	 

    

    ___________
*Subject
      to clarification from the
      SEC.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    EXHIBIT
      D

     

    FORM
      OF
      MORTGAGE LOAN PURCHASE AGREEMENT

     

    

    MORTGAGE
      LOAN PURCHASE AGREEMENT

     

    This
      is a
      Mortgage Loan Purchase Agreement (the “Agreement”), dated April 30, 2007 between
      Citigroup Mortgage Loan Trust Inc., a Delaware corporation (the “Purchaser”) and
      Citigroup Global Markets Realty Corp., a New York corporation (the
“Seller”).

     

    Preliminary
      Statement

     

    The
      Seller intends to sell the Mortgage Loans (as hereinafter defined) to the
      Purchaser on the terms and subject to the conditions set forth in this
      Agreement. The Purchaser intends to deposit the Mortgage Loans into a mortgage
      pool comprising the trust fund. The trust fund will be evidenced by a single
      series of mortgage pass-through certificates designated as Series 2007-6 (the
      “Certificates”). The Certificates will consist of twenty-three classes of
      certificates.  The Certificates will be issued pursuant to a Pooling
      and Servicing Agreement, dated as of April 1, 2007 (the “Pooling and Servicing
      Agreement”), among the Purchaser as depositor, CitiMortgage, Inc. as master
      servicer (in such capacity, the “Master Servicer”) and as trust administrator
      (in such capacity, the “Trust Administrator”) Citibank, N.A. as paying agent,
      certificate registrar and authenticating agent and U.S. Bank Trust National
      Association as trustee (the “Trustee”). Capitalized terms used but not defined
      herein shall have the meanings set forth in the Pooling and Servicing
      Agreement.

     

    The
      parties hereto agree as follows:

     

    Section
      1.  Agreement
      to Purchase. The Seller agrees to sell, and the Purchaser agrees to
      purchase, on or before April 30, 2007 (the “Closing Date”), certain
      conventional, one- to four-family, adjustable-rate and fixed-rate mortgage
      loans
      secured by first liens on residential real properties (the “Mortgage Loans”)
      originated by American Home Mortgage Corp. (“American Home”), American Mortgage
      Ex (“American Ex”), Countrywide Home Loans, Inc. (“Countrywide”), GreenPoint
      Mortgage Funding, Inc., (“GreenPoint”), HomeBanc Mortgage Corporation
      (“HomeBanc”), LoanCity (“LoanCity”), Metro City Mortgages Inc. (“MetroCity”),
      MortgageIT, Inc. (“MortgageIT”), National City Mortgage Co. (“National City”),
      Opteum Financial Services, LLC (“Opteum”), Quicken Loans,
      Inc.  (“Quicken”), Secured Bankers Mortgage Company (“Secured
      Bankers”), Silver State Mortgage (“Silver State”), SunTrust Mortgage, Inc.
      (“SunTrust”), Taylor, Bean & Whitaker Mortgage Corp. (“Taylor Bean”),
      Wachovia Mortgage Corporation (“Wachovia”), Weichert Financial Services
      (“Weichert”) and Wells Fargo Bank, N.A. (“Wells Fargo”, each an “Originator”,
      and together, the “Originators”), having an aggregate principal balance as of
      the close of business on April 1, 2007 (the “Cut-off Date”) of approximately
      $1,068,936,015 (the “Closing Balance”), after giving effect to all payments due
      on the Mortgage Loans on or before the Cut-off Date, whether or not
      received. 

     

    Notwithstanding
      any of the foregoing, the Seller shall retain its rights against each Originator
      relating to remedies for breaches of loan-level representations and warranties
      and remedies with respect to early payment defaults, if any.

     

    Section
      2.  Mortgage
      Loan Schedule. The Purchaser and the Seller have agreed upon which of the
      mortgage loans owned by the Seller are to be purchased by the Purchaser pursuant
      to this Agreement and the Seller will prepare or cause to be prepared on or
      prior to the Closing Date a final schedule (the “Closing Schedule”) that
      together shall describe such Mortgage Loans and set forth all of the Mortgage
      Loans to be purchased under this Agreement. The Closing Schedule will conform
      to
      the requirements set forth in this Agreement and to the definition of “Mortgage
      Loan Schedule” under the Pooling and Servicing Agreement. The Closing Schedule
      shall be used as the Mortgage Loan Schedule under the Pooling and Servicing
      Agreement and shall be prepared by the Seller based on information provided
      by
      the Originators.

     

    Section
      3.  Consideration.

     

    (a)  In
      consideration for the Mortgage Loans to be purchased hereunder, the Purchaser
      shall, as described in Section 7, pay to or upon the order of the Seller in
      immediately available funds an amount (the “Mortgage Loan Purchase Price”) equal
      to the net sale proceeds of the Certificates, plus accrued
      interest.

     

    (b)  The
      Purchaser or any assignee, transferee or designee of the Purchaser shall be
      entitled to all scheduled payments of principal due after the Cut-off Date,
      all
      other payments of principal due and collected after the Cut-off Date, and all
      payments of interest on the Mortgage Loans allocable to the period after the
      Cut-off Date. All scheduled payments of principal and interest due on or before
      the Cut-off Date and collected after the Cut-off Date shall belong to the
      Seller.

     

    (c)  Pursuant
      to the Pooling and Servicing Agreement, the Purchaser will assign all of its
      right, title and interest in and to the Mortgage Loans, together with its rights
      under this Agreement, to the Trustee for the benefit of the related
      Certificateholders.

     

    Section
      4.  Transfer
      of the Mortgage Loans.

     

    (a)  Possession
      of Mortgage Files.  The Seller does hereby sell, transfer, assign,
      set over and convey to the Purchaser, without recourse but subject to the terms
      of this Agreement, all of its right, title and interest in, to and under the
      Mortgage Loans. The contents of each Mortgage File not delivered to the
      Purchaser or to any assignee, transferee or designee of the Purchaser on or
      prior to the Closing Date are and shall be held in trust by the Seller for
      the
      benefit of the Purchaser or any assignee, transferee or designee of the
      Purchaser. Upon the sale of the Mortgage Loans, the ownership of each Mortgage
      Note, the related Mortgage and the other contents of the related Mortgage File
      is vested in the Purchaser and the ownership of all records and documents with
      respect to each related Mortgage Loan prepared by or that come into the
      possession of the Seller on or after the Closing Date shall immediately vest
      in
      the Purchaser and shall be delivered immediately to the Purchaser or as
      otherwise directed by the Purchaser.

     

    (b)  Delivery
      of Mortgage Loan Documents.  The Seller will, on or prior to the
      Closing Date, deliver or cause to be delivered to the Purchaser or any assignee,
      transferee or designee of the Purchaser each of the following documents for
      each
      Mortgage Loan:

     

    (i)  the
      original Mortgage Note, endorsed in one of the following forms: (1) in the
      name
      of the Trustee or (2) in blank, in each case, with all prior and intervening
      endorsements showing a complete chain
      of endorsement
      from the originator to the Person so endorsing to the
      Trustee;

     

    (ii)  the
      original Mortgage with evidence of recording thereon;

     

    (iii)  an
      original Assignment of the Mortgage in recordable form in blank or to the
      Trustee;

     

    (iv)  the
      original recorded Assignment or Assignments of the Mortgage showing a complete
      chain of assignment from the originator to the Person assigning the Mortgage
      in
      blank or to the Trustee as contemplated by the immediately preceding clause
      (iii);

     

    (v)  the
      original of or a copy of each related assumption, modification, consolidation
      or
      extension agreement, with evidence of recording thereon, if any;

     

    (vi)  with
      respect to any Mortgage Loan listed on the Mortgage Loan Schedule
      as  subject to a Primary Mortgage Insurance Policy, the original
      Primary Mortgage Insurance Policy or certificate;

     

    (vii)  the
      original mortgagee title insurance policy or an attorney’s opinion of title
      where customary; and

     

    (viii)  any
      of
      the following that are in the possession of the Seller or a document custodian
      on its behalf: (A) the original of or a copy of any security agreement, chattel
      mortgage or equivalent document executed in connection with the Mortgage or
      (B)
      the original of or a copy of any power of attorney, if applicable.

     

    With
      respect to a maximum of approximately 5.00% of the original Mortgage Loans,
      by
      outstanding principal balance of the original Mortgage Loans as of the Cut-off
      Date, if any original Mortgage Note referred to in Section 4(b)(i) above cannot
      be located, the obligations of the Seller to deliver such documents shall be
      deemed to be satisfied upon delivery to the Trust Administrator (as designee
      of
      the Purchaser) of a photocopy of such Mortgage Note, if available, with a lost
      note affidavit. If any of the original Mortgage Notes for which a lost note
      affidavit was delivered to the Trust Administrator is subsequently located,
      such
      original Mortgage Note shall be delivered to the Trust Administrator within
      three Business Days.

     

    If
      any of
      the documents referred to in Sections 4(b)(ii), (iii) or (iv) above has as
      of
      the Closing Date been submitted for recording but either (x) has not been
      returned from the applicable public recording office or (y) has been lost or
      such public recording office has retained the original of such document, the
      obligations of the Seller to deliver such documents shall be deemed to be
      satisfied upon (1) delivery to the Trust Administrator of a copy of each such
      document certified by the Originator in the case of (x) above or the applicable
      public recording office in the case of (y) above to be a true and complete
      copy
      of the original that was submitted for recording and (2) if such copy is
      certified by the Originator, delivery to the Trust Administrator promptly upon
      receipt thereof of either the original or a copy of such document certified
      by
      the applicable public recording office to be a true and complete copy of the
      original.

     

    To
      the
      extent not already recorded, the Trust Administrator, at the expense of the
      Seller shall pursuant to the Pooling and Servicing Agreement promptly (and
      in no
      event later than three months following the later of the Closing Date and the
      date of receipt by the Trust Administrator of the recording information for
      a
      Mortgage) submit or cause to be submitted for recording, at no expense to the
      Trust Estate or the Trust Administrator, in the appropriate public office for
      real property records, each Assignment delivered to it pursuant to Sections
      4(b)(iii) and (iv) above. In the event that any such Assignment is lost or
      returned unrecorded because of a defect therein, the Trust Administrator, at
      the
      expense of the Seller, shall promptly prepare or cause to be prepared a
      substitute Assignment or cure or cause to be cured such defect, as the case
      may
      be, and thereafter cause each such Assignment to be duly
      recorded.  Notwithstanding the foregoing, but without limiting the
      requirement that such Assignments be in recordable form, neither the Trust
      Administrator nor the Trustee shall be required to submit or cause to be
      submitted for recording each Assignment delivered to it pursuant to Sections
      4(b)(iii) and (iv) if such recordation shall not, as of the Closing Date, be
      required by the Rating Agencies, as a condition to their assignment on the
      Closing Date of their initial ratings to the Certificates, as evidenced by
      the
      delivery by the Rating Agencies of their ratings letters on the Closing
      Date.

     

    The
      Seller shall deliver or cause to be delivered to the Trust Administrator
      promptly upon receipt thereof any other original documents constituting a part
      of a Mortgage File received with respect to any Mortgage Loan, including, but
      not limited to, any original documents evidencing an assumption, modification,
      consolidation or extension of any Mortgage Loan.

     

    All
      original documents relating to the Mortgage Loans that are not delivered to
      the
      Trust Administrator are and shall be held by or on behalf of the Seller, the
      Servicer, the Purchaser or the Master Servicer, as the case may be, in trust
      for
      the benefit of the Trustee on behalf of the Certificateholders.  In
      the event that any such original document is required pursuant to the terms
      of
      this Section to be a part of a Mortgage File, such document shall be delivered
      promptly to the Trust Administrator. Any such original document delivered to
      or
      held by the Seller or the Purchaser that is not required pursuant to the terms
      of this Section to be a part of a Mortgage File, shall be delivered promptly
      to
      the related Servicer.

     

    (c)  Acceptance
      of Mortgage Loans. The documents delivered pursuant to Section 4(b) hereof
      shall be reviewed by the Purchaser or any assignee, transferee or designee
      of
      the Purchaser at any time before or after the Closing Date (and with respect
      to
      each document permitted to be delivered after the Closing Date within seven
      days
      of its delivery) to ascertain that all required documents have been executed
      and
      received and that such documents relate to the Mortgage Loans identified on
      the
      Mortgage Loan Schedule.

     

    (d)  Transfer
      of Interest in Agreements. The Purchaser has the right to assign its
      interest under this Agreement, in whole or in part, to the Trustee, as may
      be
      required to effect the purposes of the Pooling and Servicing Agreement, without
      the consent of the Seller, and the assignee shall succeed to the rights and
      obligations hereunder of the Purchaser. Any expense reasonably incurred by
      or on
      behalf of the Purchaser or the Trustee in connection with enforcing any
      obligations of the Seller under this Agreement will be promptly reimbursed
      by
      the Seller.

     

    (e)  Examination
      of Mortgage Files. Prior to the Closing Date, the Seller shall either (i)
      deliver in escrow to the Purchaser or to any assignee, transferee or designee
      of
      the Purchaser, for examination, the Mortgage File pertaining to each Mortgage
      Loan, or (ii) make such Mortgage Files available to the Purchaser or to any
      assignee, transferee or designee of the Purchaser for examination. Such
      examination may be made by the Purchaser or the Trustee, and their respective
      designees, upon reasonable notice to the Seller during normal business hours
      before the Closing Date and within 60 days after the Closing Date. If any such
      person makes such examination prior to the Closing Date and identifies any
      Mortgage Loans that do not conform to the requirements of the Purchaser as
      described in this Agreement, such Mortgage Loans shall be deleted from the
      Closing Schedule. The Purchaser may, at its option and without notice to the
      Seller, purchase all or part of the Mortgage Loans without conducting any
      partial or complete examination. The fact that the Purchaser or any person
      has
      conducted or has failed to conduct any partial or complete examination of the
      Mortgage Files shall not affect the rights of the Purchaser or any assignee,
      transferee or designee of the Purchaser to demand repurchase or other relief
      as
      provided herein or under the Pooling and Servicing Agreement.

     

    Section
      5.  Representations,
      Warranties and Covenants of the Seller.

     

    The
      Seller and the Purchaser understand, acknowledge and agree that, the
      representations and warranties set forth in this Section 5 are made as of the
      Closing Date or as of the date specifically provided herein.

     

    As
      permitted under:

     

    (i)  the
      Master Mortgage Loan Purchase and Servicing Agreement, dated as of September
      1,
      2005, and as amended on March 30, 2006, among American Home, American Home
      Mortgage Servicing, Inc. and the Seller (the “American Home Purchase
      Agreement”),

     

    (ii)  the
      Master Mortgage Loan Purchase and Servicing Agreement, dated as of February
      1,
      2005, between CitiMortgage, Inc. and the Seller (the “CitiMortgage Purchase
      Agreement”),

     

    (iii)  the
      Amended and Restated Master Mortgage Loan Purchase and Servicing Agreement,
      dated as of December 15, 2003, and as amended on February 28, 2006, between
      Countrywide and the Seller (the “Countrywide Purchase Agreement”)

     

    (iv)  the
      Master Mortgage Loan Purchase and Servicing Agreement, dated as of April 1,
      2005, and as amended May 1, 2006, between GreenPoint and the Seller (the
“GreenPoint Purchase Agreement”),

     

    (v)  the
      Master Mortgage Loan Purchase and Servicing Agreement, dated as of June 1,
      2006,
      between HomeBanc and the Seller (the “HomeBanc Purchase
      Agreement”),

     

    (vi)  the
      Amended and Restated Master Mortgage Loan Purchase and Interim Servicing
      Agreement, dated as of March 1, 2005, and as amended and restated November
      1,
      2005, between MortgageIT and the Seller (the “MortgageIT Purchase
      Agreement”),

     

    (vii)  the
      Master Mortgage Loan Purchase and Servicing Agreement, dated as of September
      1,
      2003, and as amended and restated on May 1, 2005, between National City Mortgage
      Co. and the Seller (the “National City Purchase Agreement”),

     

    (viii)  the
      Master Mortgage Loan Purchase and Servicing Agreement, dated September 1, 2006,
      between Citigroup Global Markets Realty Corp. and Opteum Financial Services,
      LLC, as amended February 8, 2007 and April 23, 2007 (the “Opteum Purchase
      Agreement”),

     

    (ix)  The
      Master Mortgage Loan Purchase and Interim Servicing Agreement, dated as of
      November 1, 2004, between Citigroup Global Markets Realty Corp. and Quicken
      Loans Inc. (the “Quicken Purchase Agreement”),

     

    (x)  the
      Amended and Restated Master Mortgage Loan Purchase and Servicing Agreement,
      dated as of July 1, 2005, amended February 22, 2006 and March 16, 2007, between
      SunTrust and the Seller (the “SunTrust Purchase Agreement”),

     

    (xi)  the
      Master Mortgage Loan Purchase and Interim Servicing Agreement, dated as of
      April
      1, 2006, between Taylor Bean and the Seller (the “Taylor Bean Purchase
      Agreement”),

     

    (xii)  the
      Seller’s Purchase, Warranties and Servicing Agreement, dated as of January 1,
      2007, amended  by the Regulation AB Compliance Addendum dated January
      1, 2007, between Citigroup Global Markets Realty Corp. as Purchaser and Wachovia
      Mortgage Corporation as Seller (the “Wachovia Purchase Agreement”)

     

    (xiii)  the
      Amended and Restated Master Mortgage Loan Purchase and Servicing Agreement,
      dated as of August 1, 2005 as amended and restated to and including March 1,
      2006, between the Seller and Mortgage Access Corp. d/b/a Weichert Financial
      Services (the “Weichert Purchase Agreement”) and

     

    (xiv)  the
      Amended and Restated Master Mortgage Loan Purchase Agreement, dated as of March
      1, 2006, and as amended October 26, 2006, between Wells Fargo and the Seller
      (the “Wells Fargo Purchase Agreement”; and together with the American Home
      Purchase Agreement, the CitiMortgage Purchase Agreement, the Countrywide
      Purchase Agreement, the GreenPoint Purchase Agreement, the HomeBanc Purchase
      Agreement, the MortgageIT Purchase Agreement, the National City Purchase
      Agreement, the Opteum Purchase Agreement, the Quicken Purchase Agreement, the
      SunTrust Purchase Agreement, the Taylor Bean Purchase Agreement and the Wachovia
      Purchase Agreement, the “Purchase Agreements”),

    

    the
      Seller hereby assigns to the Purchaser all of its right, title and interest
      under the Purchase Agreements to the extent of the Mortgage Loans set forth
      on
      the Mortgage Loan Schedule, including, but not limited to, any representations
      and warranties of the Originators concerning the Mortgage Loans.

    

    (a)  The
      Seller hereby represents and warrants, as to each Mortgage Loan, to the
      Purchaser, as of the date hereof and as of the Closing Date, and covenants,
      that:

     

    (i)  Each
      Mortgage Loan at the time it was made complied in all material respects with
      applicable local, state and federal laws, including, but not limited to, all
      applicable predatory and abusive lending laws.

     

    (ii)  None
      of
      the mortgage loans are (i) “High Cost” as such term is defined in the Home
      Ownership Protection Act of 1994 (“HOEPA”) or (ii) a reasonably equivalent
      provision as defined by the applicable predatory and abusive lending
      laws.

     

    (iii)  An
      appraisal form 1004 or Form 2055 with an interior inspection for first lien
      mortgage loans has been obtained.

     

    (iv)  No
      Mortgage Loan is a high cost loan or a covered loan, as applicable (as such
      terms are defined in the current version of Standard & Poor's LEVELS®
Glossary Revised, Appendix E).

     

    (v)  (vi)           There
      is no mortgage loan in the trust that was originated on or after October 1,
      2002
      and before March 7, 2003 which is secured by property located in the State
      of
      Georgia.

     

    (b)  [Reserved].

     

    (c)  The
      Seller hereby represents and warrants to the Purchaser, as of the date hereof
      and as of the Closing Date, and covenants, that:

     

    (i)  The
      Seller is duly organized, validly existing and in good standing as a corporation
      under the laws of the State of New York with full corporate power and authority
      to conduct its business as presently conducted by it to the extent material
      to
      the consummation of the transactions contemplated herein. The Seller has the
      full corporate power and authority to own the Mortgage Loans and to transfer
      and
      convey the Mortgage Loans to the Purchaser and has the full corporate power
      and
      authority to execute and deliver, engage in the transactions contemplated by,
      and perform and observe the terms and conditions of this Agreement.

     

    (ii)  The
      Seller has duly authorized the execution, delivery and performance of this
      Agreement, has duly executed and delivered this Agreement, and this Agreement,
      assuming due authorization, execution and delivery hereof by the Purchaser,
      constitutes a legal, valid and binding obligation of the Seller, enforceable
      against it in accordance with its terms except as the enforceability thereof
      may
      be limited by bankruptcy, insolvency or reorganization or by general principles
      of equity.

     

    (iii)  The
      execution, delivery and performance of this Agreement by the Seller (x) does
      not
      conflict and will not conflict with, does not breach and will not result in
      a
      breach of and does not constitute and will not constitute a default (or an
      event, which with notice or lapse of time or both, would constitute a default)
      under (A) any terms or provisions of the articles of incorporation or by-laws
      of
      the Seller, (B) any term or provision of any material agreement, contract,
      instrument or indenture, to which the Seller is a party or by which the Seller
      or any of its property is bound or (C) any law, rule, regulation, order,
      judgment, writ, injunction or decree of any court or governmental authority
      having jurisdiction over the Seller or any of its property and (y) does not
      create or impose and will not result in the creation or imposition of any lien,
      charge or encumbrance which would have a material adverse effect upon the
      Mortgage Loans or any documents or instruments evidencing or securing the
      Mortgage Loans.

     

    (iv)  No
      consent, approval, authorization or order of, registration or filing with,
      or
      notice on behalf of the Seller to any governmental authority or court is
      required, under federal laws or the laws of the State of New York, for the
      execution, delivery and performance by the Seller of, or compliance by the
      Seller with, this Agreement or the consummation by the Seller of any other
      transaction contemplated hereby and by the Pooling and Servicing Agreement;
      provided, however, that the Seller makes no representation or warranty regarding
      federal or state securities laws in connection with the sale or distribution
      of
      the Certificates.

     

    (v)  This
      Agreement does not contain any untrue statement of material fact or omit to
      state a material fact necessary to make the statements contained herein not
      misleading.  The written statements, reports and other documents
      prepared and furnished or to be prepared and furnished by the Seller pursuant
      to
      this Agreement or in connection with the transactions contemplated hereby taken
      in the aggregate do not contain any untrue statement of material fact or omit
      to
      state a material fact necessary to make the statements contained therein not
      misleading.

     

    (vi)  The
      Seller is not in violation of, and the execution and delivery of this Agreement
      by the Seller and its performance and compliance with the terms of this
      Agreement will not constitute a violation with respect to, any order or decree
      of any court or any order or regulation of any federal, state, municipal or
      governmental agency having jurisdiction over the Seller or its assets, which
      violation might have consequences that would materially and adversely affect
      the
      condition (financial or otherwise) or the operation of the Seller or its assets
      or might have consequences that would materially and adversely affect the
      performance of its obligations and duties hereunder.

     

    (vii)  The
      Seller does not believe, nor does it have any reason or cause to believe, that
      it cannot perform each and every covenant contained in this
      Agreement.

     

    (viii)  Immediately
      prior to the sale of the Mortgage Loans to the Purchaser as herein contemplated,
      the Seller will be the owner of the related Mortgage and the indebtedness
      evidenced by the related Mortgage Note, and, upon the payment to the Seller
      of
      the Purchase Price, in the event that the Seller retains or has retained record
      title, the Seller shall retain such record title to each Mortgage, each related
      Mortgage Note and the related Mortgage Files with respect thereto in trust
      for
      the Purchaser as the owner thereof from and after the date hereof.

     

    (ix)  There
      are
      no actions or proceedings against, or investigations known to it of, the Seller
      before any court, administrative or other tribunal (A) that might prohibit
      its
      entering into this Agreement, (B) seeking to prevent the sale of the Mortgage
      Loans by the Seller or the consummation of the transactions contemplated by
      this
      Agreement or (C) that might prohibit or materially and adversely affect the
      performance by the Seller of its obligations under, or validity or
      enforceability of, this Agreement.

     

    (x)  The
      consummation of the transactions contemplated by this Agreement are in the
      ordinary course of business of the Seller, and the transfer, assignment and
      conveyance of the Mortgage Notes and the Mortgages by the Seller are not subject
      to the bulk transfer or any similar statutory provisions.

     

    (xi)  The
      Seller has not dealt with any broker, investment banker, agent or other person,
      except for the Purchaser or any of its affiliates, that may be entitled to
      any
      commission or compensation in connection with the sale of the Mortgage
      Loans.

     

    (xii)  There
      is
      no litigation currently pending or, to the best of the Seller’s knowledge
      without independent investigation, threatened against the Seller that would
      reasonably be expected to adversely affect the transfer of the Mortgage Loans,
      the issuance of the Certificates or the execution, delivery, performance or
      enforceability of this Agreement, or that would result in a material adverse
      change in the financial condition of the Seller.

     

    (xiii)  The
      Seller is solvent and will not be rendered insolvent by the consummation of
      the
      transactions contemplated hereby.  The Seller is not transferring any
      Mortgage loan with any intent to hinder, delay or defraud any of its
      creditors.

     

    (d)  With
      respect to the American Home Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit A hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (e)  With
      respect to the American Ex Mortgage Loans, the LoanCity Mortgage Loans, the
      MetroCity Mortgage Loans, the Secured Bankers Mortgage Loans and the Silver
      State Mortgage Loans, the Seller hereby represents and warrants, for the benefit
      of the Purchaser, that the representations and warranties set forth on Exhibit
      B
      hereto are true and correct as of the date hereof and as of the Closing
      Date;

     

    (f)  With
      respect to the Countrywide Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit C hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (g)  With
      respect to the GreenPoint Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit D hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (h)  With
      respect to the HomeBanc Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit E hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (i)  With
      respect to the MortgageIT Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit F hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (j)  With
      respect to the National City Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit G hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (k)  With
      respect to the Opteum Mortgage Loans, the Seller hereby represents and warrants,
      for the benefit of the Purchaser, that the representations and warranties set
      forth on Exhibit H hereto are true and correct as of the date hereof and as
      of
      the Closing Date;

     

    (l)  With
      respect to the Quicken Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit I hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (m)  With
      respect to the SunTrust Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit J hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (n)  With
      respect to the Taylor Bean Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit K hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (o)  With
      respect to the Wachovia Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit L hereto are true and correct as of the date
      hereof and as of the Closing Date;

     

    (p)  With
      respect to the Wells Fargo Mortgage Loans, the Seller hereby represents and
      warrants, for the benefit of the Purchaser, that the representations and
      warranties set forth on Exhibit M hereto are true and correct as of the date
      hereof and as of the Closing Date.

     

    
      	
              Section
                6.           
                  

            	
              Repurchase
                Obligation for Defective Documentation and for Breach of Representation
                and Warranty.

            

    

     

    It
      is
      understood and agreed that the representations and warranties set forth in
      Section 5 shall survive the sale of the Mortgage Loans to the Purchaser and
      shall inure to the benefit of the Purchaser and any assignee, transferee or
      designee of the Purchaser, including the Trustee for the benefit of holders
      of
      the Mortgage Pass-Through Certificates evidencing an interest in all or a
      portion of the Mortgage Loans, notwithstanding any restrictive or qualified
      endorsement on any Mortgage Note or Assignment or the examination or lack of
      examination of any Mortgage File.  With respect to the representations
      and warranties contained herein that are made to the knowledge or the best
      knowledge of the Seller, or as to which the Seller has no knowledge, if it
      is
      discovered that the substance of any such representation and warranty is
      inaccurate and the inaccuracy materially and adversely affects the value of
      the
      related Mortgage Loan, or the interest therein of the Purchaser or the
      Purchaser’s assignee, designee or transferee, then notwithstanding the Seller’s
      lack of knowledge with respect to the substance of such representation and
      warranty being inaccurate at the time the representation and warranty was made,
      such inaccuracy shall be deemed a breach of the applicable representation and
      warranty and the Seller shall take such action described in the following
      paragraphs of this Section 6 in respect of such Mortgage Loan.  Upon
      discovery by either the Seller or the Purchaser of a breach of any of the
      foregoing representations and warranties made by the Seller that materially
      and
      adversely affects the value of the Mortgage Loans or the interest of the
      Purchaser (or which materially and adversely affects the interests of the
      Purchaser in the related Mortgage Loan in the case of a representation and
      warranty relating to a particular Mortgage Loan), the party discovering such
      breach shall give prompt written notice to the other.

     

    Within
      90
      days of the earlier of either discovery by or notice to the Seller of any breach
      of a representation or warranty made by the Seller that materially and adversely
      affects the value of a Mortgage Loan or the Mortgage Loans or the interest
      therein of the Purchaser, the Seller shall use its best efforts promptly to
      cure
      such breach in all material respects and, if such breach cannot be cured, the
      Seller shall, at the Purchaser’s option, repurchase such Mortgage Loan at the
      Purchase Price. The Seller may, at the request of the Purchaser and assuming
      the
      Seller has a Qualified Substitute Mortgage Loan, rather than repurchase a
      deficient Mortgage Loan as provided above, remove such Mortgage Loan and
      substitute in its place a Qualified Substitute Mortgage Loan or Loans. If the
      Seller does not provide a Qualified Substitute Mortgage Loan or Loans, it shall
      repurchase the deficient Mortgage Loan. Any repurchase of a Mortgage Loan(s)
      pursuant to the foregoing provisions of this Section 6 shall occur on a date
      designated by the Purchaser and shall be accomplished by deposit in accordance
      with Section 2.03 of the Pooling and Servicing Agreement. Any repurchase or
      substitution required by this Section shall be made in a manner consistent
      with
      Section 2.03 of the Pooling and Servicing Agreement.

     

    At
      the
      time of substitution or repurchase by the Seller of any deficient Mortgage
      Loan,
      the Purchaser and the Seller shall arrange for the reassignment of the
      repurchased or substituted Mortgage Loan to the Seller and the delivery to
      the
      Seller of any documents held by the Trustee relating to the deficient or
      repurchased Mortgage Loan. In the event the Purchase Price is deposited in
      the
      Collection Account. The Seller shall, simultaneously with such deposit, give
      written notice to the Purchaser that such deposit has taken place. Upon such
      repurchase, the Mortgage Loan Schedule shall be amended to reflect the
      withdrawal of the repurchased Mortgage Loan from this Agreement.

     

    As
      to any
      Deleted Mortgage Loan for which the Seller substitutes a Qualified Substitute
      Mortgage Loan or Loans, the Seller shall effect such substitution by delivering
      to the Purchaser or its designee for such Qualified Substitute Mortgage Loan
      or
      Loans the Mortgage Note, the Mortgage, the Assignment and such other documents
      and agreements as are required by the Pooling and Servicing Agreement, with
      the
      Mortgage Note endorsed as required therein. The Seller shall remit for deposit
      in the Collection Account the Monthly Payment due on such Qualified Substitute
      Mortgage Loan or Loans in the month following the date of such substitution.
      Monthly payments due with respect to Qualified Substitute Mortgage Loans in
      the
      month of substitution will be retained by the Seller. For the month of
      substitution, distributions to the Purchaser will include the Monthly Payment
      due on such Deleted Mortgage Loan in the month of substitution, and the Seller
      shall thereafter be entitled to retain all amounts subsequently received by
      the
      Seller in respect of such Deleted Mortgage Loan. Upon such substitution, the
      Qualified Substitute Mortgage Loans shall be subject to the terms of this
      Agreement in all respects, and the Seller shall be deemed to have made with
      respect to such Qualified Substitute Mortgage Loan or Loans as of the date
      of
      substitution, the covenants, representations and warranties set forth in Section
      5.

     

    It
      is
      understood and agreed that the representations and warranties set forth in
      Section 5 shall survive delivery of the respective Mortgage Files to the Trustee
      on behalf of the Purchaser.

     

    It
      is
      understood and agreed that (i) the obligations of the Seller set forth in this
      Section 6 to cure, repurchase and substitute for a defective Mortgage Loan
      and
      (ii) the obligations of the Seller as provided in the next sentence constitute
      the sole remedies of the Purchaser respecting a missing or defective document
      or
      a breach of the representations and warranties contained in Section
      5.   The Seller shall indemnify the Purchaser and hold it
      harmless against any losses, damages, penalties, fines, forfeitures, reasonable
      and necessary legal fees and related costs, judgments, and other costs and
      expenses resulting from any claim, demand, defense or assertion based on or
      grounded upon, or resulting from, a breach of the representations and warranties
      contained in Sections 5(a), (c), (d) and (e) this Agreement.

     

    Section
      7.  Closing;
      Payment for the Mortgage Loans. The closing of the purchase and sale of the
      Mortgage Loans shall be held at the New York City office of Thacher Proffitt
      & Wood llp at 10:00 AM New York City time on the Closing Date.

     

    The
      closing shall be subject to each of the following conditions:

     

    (a)  All
      of
      the representations and warranties of the Seller under this Agreement shall
      be
      true and correct in all material respects as of the date as of which they are
      made and no event shall have occurred which, with notice or the passage of
      time,
      would constitute a default under this Agreement;

     

    (b)  The
      Purchaser shall have received, or the attorneys of the Purchaser shall have
      received in escrow (to be released from escrow at the time of closing), all
      Closing Documents as specified in Section 8 of this Agreement, in such forms
      as
      are agreed upon and acceptable to the Purchaser, duly executed by all
      signatories other than the Purchaser as required pursuant to the respective
      terms thereof;

     

    (c)  The
      Seller shall have delivered or caused to be delivered and released to the
      Purchaser or to its designee, all documents (including without limitation,
      the
      Mortgage Loans) required to be so delivered by the Purchaser; and

     

    (d)  All
      other
      terms and conditions of this Agreement shall have been complied
      with.

     

    Subject
      to the foregoing conditions, the Purchaser shall deliver or cause to be
      delivered to the Seller on the Closing Date, against delivery and release by
      the
      Seller to the Trustee of all documents required pursuant to the Pooling and
      Servicing Agreement, the consideration for the Mortgage Loans as specified
      in
      Section 3 of this Agreement, by delivery to the Seller of the Mortgage Loan
      Purchase Price.

     

    Section
      8.  Closing
      Documents. Without limiting the generality of Section 7 hereof, the closing
      shall be subject to delivery of each of the following documents:

     

    (a)  An
      Officers’ Certificate of the Seller, dated the Closing Date, upon which the
      Purchaser and Citigroup Global Markets Inc. (the “Underwriter”) may rely, in a
      form acceptable to the Purchaser;

     

    (b)  A
      Secretary’s Certificate of the Seller, dated the Closing Date, upon which the
      Purchaser and the Underwriter may rely, in a form acceptable to the Purchaser,
      and attached thereto copies of the certificate of incorporation, by-laws and
      certificate of good standing of the Seller;

     

    (c)  An
      Opinion of Counsel of the Seller, dated the Closing Date and addressed to the
      Purchaser and the Underwriter, in a form acceptable to the
      Purchaser;

     

    (d)  An
      Officers’ Certificate of each Originator who originated 20% or more of the
      Mortgage Loans, dated the Closing Date, upon which the Purchaser and the
      Underwriter may rely, in a form acceptable to the Purchaser;

     

    (e)  A
      Secretary’s Certificate of each Originator who originated 20% or more of the
      Mortgage Loans, dated the Closing Date, upon which the Purchaser and the
      Underwriter may rely, in a form acceptable to the Purchaser, and attached
      thereto copies of the certificate of incorporation, by-laws and certificate
      of
      good standing of the Originator;

     

    (f)  Such
      opinions of counsel as the Rating Agencies or the Trustee may request in
      connection with the sale of the Mortgage Loans by the Seller to the Purchaser
      or
      the Seller’s execution and delivery of, or performance under, this
      Agreement;

     

    (g)  A
      letter
      from Deloitte & Touche L.L.P., certified public accountants, dated the date
      hereof and to the effect that they have performed certain specified procedures
      as a result of which they determined that certain information of an accounting,
      financial or statistical nature set forth in the Purchaser’s Prospectus
      Supplement, dated April 30, 2007 and the Purchaser’s Private Placement
      Memorandum, dated April 30, 2007, agrees with the records of the
      Seller;

     

    (h)  Letters
      from certified public accountants for each Originator who originated more than
      20% of the Mortgage Loans, dated the date hereof and to the effect that they
      have performed certain specified procedures as a result of which they determined
      that certain information of an accounting, financial or statistical nature
      set
      forth in the Purchaser’s Prospectus Supplement, dated April 30, 2007 under the
      subheading “The Originators” agrees with the records of each Originator;
      and

     

    (i)  Such
      further information, certificates, opinions and documents as the Purchaser
      or
      the Underwriter may reasonably request.

     

    Section
      9.  Costs.
      The Seller shall pay (or shall reimburse the Purchaser or any other Person
      to
      the extent that the Purchaser or such other Person shall pay) all necessary
      and
      reasonable costs and expenses incurred directly in delivering this Agreement,
      the Pooling and Servicing Agreement, the Certificates, the prospectus,
      prospectus supplement and private placement memorandum relating to the
      Certificates and other related documents, the initial fees, costs and expenses
      of the Trust Administrator and the Trustee set forth in an engagement letter
      delivered to the Seller by the Trust Administrator, the fees and expenses of
      the
      Purchaser’s counsel in connection with the preparation of all documents relating
      to the securitization of the Mortgage Loans, the filing fee charged by the
      Securities and Exchange Commission for registration of the Certificates, the
      fees charged by any rating agency to rate the Certificates and the ongoing
      expenses of the Rating Agencies. All other costs and expenses in connection
      with
      the transactions contemplated hereunder shall be borne by the party incurring
      such expense.

     

    Section
      10.  [Reserved].

     

    Section
      11.  Mandatory
      Delivery; Grant of Security Interest. The sale and delivery on the Closing
      Date of the Mortgage Loans described on the Mortgage Loan Schedule in accordance
      with the terms and conditions of this Agreement is mandatory. It is specifically
      understood and agreed that each Mortgage Loan is unique and identifiable on
      the
      date hereof and that an award of money damages would be insufficient to
      compensate the Purchaser for the losses and damages incurred by the Purchaser
      in
      the event of the Seller’s failure to deliver the Mortgage Loans on or before the
      Closing Date. The Seller hereby grants to the Purchaser a lien on and a
      continuing security interest in the Seller’s interest in each Mortgage Loan and
      each document and instrument evidencing each such Mortgage Loan to secure the
      performance by the Seller of its obligation hereunder, and the Seller agrees
      that it holds such Mortgage Loans in custody for the Purchaser, subject to
      the
      Purchaser’s (i) right, prior to the Closing Date, to reject any Mortgage Loan to
      the extent permitted by this Agreement and (ii) obligation to deliver or cause
      to be delivered the consideration for the Mortgage Loans pursuant to Section
      7
      hereof. Any Mortgage Loans rejected by the Purchaser shall concurrently
      therewith be released from the security interest created hereby. The Seller
      agrees that, upon acceptance of the Mortgage Loans by the Purchaser or its
      designee and delivery of payment to the Seller, that its security interest
      in
      the Mortgage Loans shall be released. All rights and remedies of the Purchaser
      under this Agreement are distinct from, and cumulative with, any other rights
      or
      remedies under this Agreement or afforded by law or equity and all such rights
      and remedies may be exercised concurrently, independently or
      successively.

     

    Notwithstanding
      the foregoing, if on the Closing Date, each of the conditions set forth in
      Section 7 hereof shall have been satisfied and the Purchaser shall not have
      paid
      or caused to be paid the Mortgage Loan Purchase Price, or any such condition
      shall not have been waived or satisfied and the Purchaser determines not to
      pay
      or cause to be paid the Mortgage Loan Purchase Price, the Purchaser shall
      immediately effect the redelivery of the Mortgage Loans, if delivery to the
      Purchaser has occurred and the security interest created by this Section 11
      shall be deemed to have been released.

     

    Section
      12.  Notices.
      All demands, notices and communications hereunder shall be in writing and shall
      be deemed to have been duly given if personally delivered to or mailed by
      registered mail, postage prepaid, or transmitted by telex or telegraph and
      confirmed by a similar mailed writing, if to the Purchaser, addressed to the
      Purchaser at 390 Greenwich Street, 4th Floor, New York, New York 10013,
      Attention: Mortgage Finance Group, or such other address as may hereafter be
      furnished to the Seller in writing by the Purchaser, and if to the Seller,
      addressed to the Seller at 388 Greenwich Street, 4th Floor, New York, New York
      10013, Attention: Mortgage Finance Group, or such other address as may hereafter
      be furnished to the Purchaser in writing by the Seller.

     

    Section
      13.  Severability
      of Provisions. Any part, provision, representation or warranty of this
      Agreement which is prohibited or which is held to be void or unenforceable
      shall
      be ineffective to the extent of such prohibition or unenforceability without
      invalidating the remaining provisions hereof. Any part, provision,
      representation or warranty of this Agreement which is prohibited or
      unenforceable or is held to be void or unenforceable in any jurisdiction shall,
      as to such jurisdiction, be ineffective to the extent of such prohibition or
      unenforceability without invalidating the remaining provisions hereof, and
      any
      such prohibition or unenforceability in any jurisdiction as to any Mortgage
      Loan
      shall not invalidate or render unenforceable such provision in any other
      jurisdiction. To the extent permitted by applicable law, the parties hereto
      waive any provision of law which prohibits or renders void or unenforceable
      any
      provision hereof.

     

    Section
      14.  Agreement
      of Parties. The Seller and the Purchaser each agree to execute and deliver
      such instruments and take such actions as either of the others may, from time
      to
      time, reasonably request in order to effectuate the purpose and to carry out
      the
      terms of this Agreement and the Pooling and Servicing Agreement.

     

    Section
      15.  Survival.
      The Seller agrees that the representations, warranties and agreements made
      by it
      herein and in any certificate or other instrument delivered pursuant hereto
      shall be deemed to be relied upon by the Purchaser, notwithstanding any
      investigation heretofore or hereafter made by the Purchaser or on its behalf,
      and that the representations, warranties and agreements made by the Seller
      herein or in any such certificate or other instrument shall survive the delivery
      of and payment for the Mortgage Loans and shall continue in full force and
      effect, notwithstanding any restrictive or qualified endorsement on the Mortgage
      Notes and notwithstanding subsequent termination of this Agreement, the Pooling
      and Servicing Agreement or the Trust Fund.

     

    Section
      16.  GOVERNING
      LAW. THIS AGREEMENT AND THE RIGHTS, DUTIES, OBLIGATIONS AND RESPONSIBILITIES
      OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
      THE
      LAWS (INCLUDING THE CHOICE OF LAW PROVISIONS) AND DECISIONS OF THE STATE OF
      NEW
      YORK. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE
      NEW
      YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

     

    Section
      17.  Miscellaneous.
      This Agreement may be executed in two or more counterparts, each of which when
      so executed and delivered shall be an original, but all of which together shall
      constitute one and the same instrument. This Agreement shall inure to the
      benefit of and be binding upon the parties hereto and their respective
      successors and assigns. This Agreement supersedes all prior agreements and
      understandings relating to the subject matter hereof. Neither this Agreement
      nor
      any term hereof may be changed, waived, discharged or terminated orally, but
      only by an instrument in writing signed by the party against whom enforcement
      of
      the change, waiver, discharge or termination is sought. The headings in this
      Agreement are for purposes of reference only and shall not limit or otherwise
      affect the meaning hereof.

     

    It
      is the
      express intent of the parties hereto that the conveyance of the Mortgage Loans
      by the Seller to the Purchaser as provided in Section 4 hereof be, and be
      construed as, a sale of the Mortgage Loans by the Seller to the Purchaser and
      not as a pledge of the Mortgage Loans by the Seller to the Purchaser to secure
      a
      debt or other obligation of the Seller. However, in the event that,
      notwithstanding the aforementioned intent of the parties, the Mortgage Loans
      are
      held to be property of the Seller, then, (a) it is the express intent of the
      parties that such conveyance be deemed a pledge of the Mortgage Loans by the
      Seller to the Purchaser to secure a debt or other obligation of the Seller
      and
      (b) (1) this Agreement shall also be deemed to be a security agreement within
      the meaning of Articles 8 and 9 of the New York Uniform Commercial Code; (2)
      the
      conveyance provided for in Section 4 hereof shall be deemed to be a grant by
      the
      Seller to the Purchaser of a security interest in all of the Seller’s right,
      title and interest in and to the Mortgage Loans and all amounts payable to
      the
      holders of the Mortgage Loans in accordance with the terms thereof and all
      proceeds of the conversion, voluntary or involuntary, of the foregoing into
      cash, instruments, securities or other property, including without limitation
      all amounts, other than investment earnings, from time to time held or invested
      in the Collection Account whether in the form of cash, instruments, securities
      or other property; (3) the possession by the Purchaser or its agent of Mortgage
      Notes, the related Mortgages and such other items of property that constitute
      instruments, money, negotiable documents or chattel paper shall be deemed to
      be
“possession by the secured party” for purposes of perfecting the security
      interest pursuant to Section 9-305 of the New York Uniform Commercial Code;
      and
      (4) notifications to persons holding such property, and acknowledgments,
      receipts or confirmations from persons holding such property, shall be deemed
      notifications to, or acknowledgments, receipts or confirmations from, financial
      intermediaries, bailees or agents (as applicable) of the Purchaser for the
      purpose of perfecting such security interest under applicable law. Any
      assignment of the interest of the Purchaser pursuant to Section 4(d) hereof
      shall also be deemed to be an assignment of any security interest created
      hereby. The Seller and the Purchaser shall, to the extent consistent with this
      Agreement, take such actions as may be necessary to ensure that, if this
      Agreement were deemed to create a security interest in the Mortgage Loans,
      such
      security interest would be deemed to be a perfected security interest of first
      priority under applicable law and will be maintained as such throughout the
      term
      of this Agreement and the Pooling and Servicing Agreement.

     

    Section
      18.  Indemnification.
      The Seller shall indemnify and hold harmless each of (i) the Purchaser, (ii)
      Citigroup Global Markets Inc. and (iii) each person, if any, who controls the
      Purchaser within the meaning of Section 15 of the Securities Act of 1933, as
      amended (the “1933 Act”) ((i) through (iii) collectively, the “Indemnified
      Party”) against any and all losses, claims, expenses, damages or liabilities to
      which the Indemnified Party may become subject, under the 1933 Act or otherwise,
      insofar as such losses, claims, expenses, damages or liabilities (or actions
      in
      respect thereof) arise out of, are based upon, or result from, a breach by
      the
      Seller of any of  the representations and warranties made by the
      Seller herein, it being understood that the Purchaser has relied upon such
      representations and warranties.

     

    IN
      WITNESS WHEREOF, the Purchaser and the Seller have caused their names to be
      signed by their respective officers thereunto duly authorized as of the date
      first above written.

     

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                MORTGAGE LOAN

              TRUST
                INC.

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	
              Name:

            	 
	 	 	 	 	 	 	 	
              Title:

            	 

    

    

    
      	 	 	 	 	 	 	 	
              CITIGROUP
                GLOBAL MARKETS REALTY

              CORP.

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	
              Name:

            	 
	 	 	 	 	 	 	 	
              Title:

            	 

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    

    Representation
      and Warranties with Respect to the American Home Loans

    

    Except
      for “Mortgage Loans”, which shall mean the American Home Mortgage Loans sold by
      the Seller to the Purchaser, all capitalized terms in this Exhibit A shall
      have
      the meanings ascribed to them in the American Home Purchase
      Agreement.

    

    (i)  The
      information set forth in the related Mortgage Loan Schedule and the Mortgage
      Loan data delivered to the Purchaser in the Data File is complete, true and
      correct;

     

    (ii)  All
      payments required to be made up to the close of business on the Closing Date
      for
      such Mortgage Loan under the terms of the Mortgage Note have been made; neither
      the Seller nor the Servicer has advanced funds, or induced, solicited or
      knowingly received any advance of funds from a party other than the owner of
      the
      related Mortgaged Property, directly or indirectly, for the payment of any
      amount required by the Mortgage Note or Mortgage.  There has been no
      delinquency, exclusive of any period of grace, in any payment by the Mortgagor
      thereunder since the origination of the Mortgage Loan;

     

    (iii)  There
      are
      no delinquent taxes, ground rents, water charges, sewer rents, assessments,
      insurance premiums, leasehold payments, including assessments payable in future
      installments or other outstanding charges affecting the related Mortgaged
      Property;

     

    (iv)  The
      Mortgaged Property is located in the state identified in the related Mortgage
      Loan Schedule and is improved by a Residential Dwelling;

     

    (v)  The
      terms
      of the Mortgage Note and the Mortgage have not been impaired, waived, altered
      or
      modified in any respect, except by written instruments, recorded in the
      applicable public recording office or registered with the MERS System if
      necessary to maintain the lien priority of the Mortgage, and which have been
      delivered to the Purchaser; the substance of any such waiver, alteration or
      modification has been approved by the insurer under the Primary Insurance Policy
      or LPMI Policy, if any, and the title insurer, to the extent required by the
      related policy, and is reflected on the related Mortgage Loan Schedule. No
      instrument of waiver, alteration or modification has been executed, and no
      Mortgagor has been released, in whole or in part, except in connection with
      an
      assumption agreement approved by the insurer under the Primary Insurance Policy
      or LPMI Policy, if any, the title insurer, to the extent required by the policy,
      and which assumption agreement has been delivered to the Purchaser and the
      terms
      of which are reflected in the related Mortgage Loan Schedule;

     

    (vi)  The
      Mortgage Note and the Mortgage are not subject to any right of rescission,
      set
      off, counterclaim or defense, including the defense of usury, nor will the
      operation of any of the terms of the Mortgage Note and/or the Mortgage, or
      the
      exercise of any right thereunder, render the Mortgage unenforceable, in whole
      or
      in part, or subject to any right of rescission, set off, counterclaim or
      defense, including the defense of usury and no such right of rescission, set
      off, counterclaim or defense has been asserted with respect
      thereto;

     

    (vii)  The
      Mortgage Loan was underwritten in accordance with the Underwriting Guidelines
      of
      the Seller in effect at the time the Mortgage Loan was originated; and the
      Mortgage Note and Mortgage are on forms acceptable to FNMA and
      FHLMC;

     

    (viii)  All
      buildings upon the Mortgaged Property are insured by an insurer acceptable
      to
      FNMA and FHLMC against loss by fire, hazards of extended coverage and such
      other
      hazards as are customary in the area where the Mortgaged Property is located,
      in
      an amount not less than the least of (i) 100% of the replacement cost of all
      improvements to the Mortgaged Property, (ii) either (A) the outstanding
      principal balance of the Mortgage Loan with respect to each first lien Mortgage
      Loan or (B) with respect to each second lien Mortgage Loan, the sum of the
      outstanding principal balance of the related first lien mortgage loan and the
      outstanding principal balance of the second lien Mortgage Loan or (iii) the
      amount necessary to fully compensate for any damage or loss to the improvements
      that are a part of such property on a replacement cost basis; provided, however,
      in no event shall the amount of insurance be less than the amount necessary
      to
      avoid the operation of any co-insurance provisions with respect to the Mortgaged
      Property. All such insurance policies contain a standard mortgagee clause naming
      the Seller, its successors and assigns as mortgagee and all premiums thereon
      have been paid.  If the Mortgaged Property is in an area identified on
      a Flood Hazard Map or Flood Insurance Rate Map issued by the Federal Emergency
      Management Agency as having special flood hazards (and such flood insurance
      has
      been made available) a flood insurance policy meeting the requirements of the
      current guidelines of the Federal Insurance Administration is in effect which
      policy conforms to the requirements of FNMA and FHLMC.  The Mortgage
      obligates the Mortgagor thereunder to maintain all such insurance at the
      Mortgagor’s cost and expense, and on the Mortgagor’s failure to do so,
      authorizes the holder of the Mortgage to maintain such insurance at the
      Mortgagor’s cost and expense and to seek reimbursement therefor from the
      Mortgagor;

     

    (ix)  Any
      and
      all requirements of any federal, state or local law including, without
      limitation, usury, truth in lending, real estate settlement procedures, consumer
      credit protection, equal credit opportunity, fair housing, disclosure laws
      or
      all predatory and abusive lending laws applicable to the origination and
      servicing of the Mortgage Loans have been complied with and the consummation
      of
      the transactions contemplated hereby will not involve the violation of any
      such
      laws;

     

    (x)  The
      Mortgage has not been satisfied, cancelled, subordinated or rescinded, in whole
      or in part, and the 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 satisfaction, cancellation, subordination, rescission
      or
      release;

     

    (xi)  The
      related Mortgage is properly recorded in the appropriate jurisdiction(s) wherein
      such recordation is necessary to perfect the lien thereof, and is a valid,
      existing and enforceable (A) first lien and first priority security interest
      with respect to each Mortgage Loan which is indicated by the Seller to be a
      First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien
      and
      second priority security interest with respect to each Mortgage Loan which
      is
      indicated by the Seller to be a Second Lien (as reflected on the Mortgage Loan
      Schedule), in either case, on the Mortgaged Property, including all improvements
      on the Mortgaged Property subject only to (a) the lien of current real property
      taxes and assessments not yet due and payable, (b) covenants, conditions and
      restrictions, rights of way, easements and other matters of the public record
      as
      of the date of recording being acceptable to mortgage lending institutions
      generally and specifically referred to in the lender’s title insurance policy
      delivered to the originator of the Mortgage Loan and which do not adversely
      affect the Appraised Value of the Mortgaged Property, (c) other matters to
      which
      like properties are commonly subject which do not materially interfere with
      the
      benefits of the security intended to be provided by the Mortgage or the use,
      enjoyment, value or marketability of the related Mortgaged Property and (d)
      with
      respect to each Mortgage Loan which is indicated by the Seller to be a Second
      Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien
      on
      the Mortgaged Property.  Any security agreement, chattel mortgage or
      equivalent document related to and delivered in connection with the Mortgage
      Loan establishes and creates a valid, existing and enforceable (A) first lien
      and first priority security interest with respect to each Mortgage Loan which
      is
      indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan
      Schedule) or (B) second lien and second priority security interest with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case,
      on
      the property described therein and the Seller has full right to sell and assign
      the same to the Purchaser.  The Mortgaged Property was not, as of the
      date of origination of the Mortgage Loan, subject to a mortgage, deed of trust,
      deed to secure debt or other security instrument creating a lien subordinate
      to
      the lien of the Mortgage;

     

    (xii)  The
      Mortgage Note and the related Mortgage are genuine and each is the legal, valid
      and binding obligation of the maker thereof, enforceable in accordance with
      its
      terms;

     

    (xiii)  All
      parties to the Mortgage Note and the Mortgage had legal capacity to enter into
      the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage,
      and the Mortgage Note and the Mortgage have been duly and properly executed
      by
      such parties.  The Mortgagor is a natural person;

     

    (xiv)  The
      proceeds of the Mortgage Loan have been fully disbursed to or for the account
      of
      the Mortgagor and there is no obligation for the Mortgagee to advance additional
      funds thereunder and any and all requirements as to completion of any on-site
      or
      off-site improvement and as to disbursements of any escrow funds therefor have
      been complied with.  All costs, fees and expenses incurred in making
      or closing the Mortgage Loan and the recording of the Mortgage have been paid,
      and the Mortgagor is not entitled to any refund of any amounts paid or due
      to
      the Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    (xv)  The
      Seller is the sole legal, beneficial and equitable owner of the Mortgage Note
      and the Mortgage.  The Seller has full right and authority under all
      governmental and regulatory bodies having jurisdiction over such Seller, subject
      to no interest or participation of, or agreement with, any party, to transfer
      and sell the Mortgage Loan to the Purchaser pursuant to this Agreement free
      and
      clear of any encumbrance or right of others, equity, lien, pledge, charge,
      mortgage, claim, participation interest or security interest of any nature
      (collectively, a “Lien”); and immediately upon the transfers and assignments
      herein contemplated, the Seller shall have transferred and sold all of its
      right, title and interest in and to each Mortgage Loan and the Purchaser will
      hold good, marketable and indefeasible title to, and be the owner of, each
      Mortgage Loan subject to no Lien;

     

    (xvi)  All
      parties which have had any legal or contractual interest in the Mortgage Loan,
      whether as originator, mortgagee, assignee, pledgee or otherwise, are (or,
      during the period in which they held and disposed of such interest, were):
      (A)
      organized under the laws of such state, or (B) qualified to do business in
      such
      state, or (C) federal savings and loan associations or national banks having
      principal offices in such state, or (D) not doing business in such state so
      as
      to require qualification or licensing, or (E) not otherwise required to be
      licensed in such state.  All parties which have had any legal or
      contractual interest in the Mortgage Loan were in compliance with any and all
      applicable “doing business” and licensing requirements of the laws of the state
      wherein the Mortgaged Property is located or were not required to be licensed
      in
      such state;

     

    (xvii)  The
      Mortgage Loan is covered by an American Land Title Association (“ALTA”) ALTA
      lender’s title insurance policy acceptable to FNMA and FHLMC (which, in the case
      of an Adjustable Rate Mortgage Loan has an adjustable rate mortgage endorsement
      in the form of ALTA 6.0 or 6.1), issued by a title insurer acceptable to FNMA
      and FHLMC and qualified to do business in the jurisdiction where the Mortgaged
      Property is located, insuring (subject to the exceptions contained above in
      (xi)(a) and (b) and, with respect to each Mortgage Loan which is indicated
      by
      the Seller to be a Second Lien Mortgage Loan (as reflected on the Mortgage
      Loan
      Schedule) clause (d)) the Seller, its successors and assigns as to the first
      priority lien of the Mortgage in the original principal amount of the Mortgage
      Loan and, with respect to any Adjustable Rate Mortgage Loan, against any loss
      by
      reason of the invalidity or unenforceability of the lien resulting from the
      provisions of the Mortgage providing for adjustment in the Mortgage Interest
      Rate and Monthly Payment.  Additionally, such lender’s title insurance
      policy affirmatively insures ingress and egress to and from the Mortgaged
      Property, and against encroachments by or upon the Mortgaged Property or any
      interest therein.  The Seller is the sole insured of such lender’s
      title insurance policy, and such lender’s title insurance policy is in full
      force and effect and will be in full force and effect upon the consummation
      of
      the transactions contemplated by this Agreement.  No claims have been
      made under such lender’s title insurance policy, and no prior holder of the
      related Mortgage, including the Seller, has done, by act or omission, anything
      which would impair the coverage of such lender’s title insurance
      policy;

     

    (xviii)  Other
      than payments due but not yet 30 days or more delinquent, there is no default,
      breach, violation or event of acceleration existing under the Mortgage or the
      Mortgage Note and no event which, with the passage of time or with notice and
      the expiration of any grace or cure period, would constitute a default, breach,
      violation or event of acceleration, and the Seller has not waived any default,
      breach, violation or event of acceleration.  With respect to each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      (as reflected on the Mortgage Loan Schedule) (i) the First Lien is in full
      force
      and effect, (ii) there is no default, breach, violation or event of acceleration
      existing under such First Lien mortgage or the related mortgage note, (iii)
      no
      event which, with the passage of time or with notice and the expiration of
      any
      grace or cure period, would constitute a default, breach, violation or event
      of
      acceleration thereunder, and either (A) the First Lien mortgage contains a
      provision which allows or (B) applicable law requires, the mortgagee under
      the
      Second Lien Mortgage Loan to receive notice of, and affords such mortgagee
      an
      opportunity to cure any default by payment in full or otherwise under the First
      Lien mortgage;

     

    (xix)  There
      are
      no mechanics’ or similar liens or claims which have been filed for work, labor
      or material (and no rights are outstanding that under law could give rise to
      such lien) affecting the related Mortgaged Property which are or may be liens
      prior to, or equal or coordinate with, the lien of the related
      Mortgage;

     

    (xx)  The
      Mortgage Loan was originated by the Seller or by a savings and loan association,
      a savings bank, a commercial bank or similar banking institution which is
      supervised and examined by a federal or state authority, or by a mortgagee
      approved as such by the Secretary of HUD;

     

    (xxi)  Payments
      on the Mortgage Loan shall commence (with respect to any newly originated
      Mortgage Loans) or commenced no more than sixty days after the proceeds of
      the
      Mortgage Loan were disbursed.  The Mortgage Loan bears interest at the
      Mortgage Interest Rate.  With respect to each Mortgage Loan, the
      Mortgage Note is payable on the first day of each month in Monthly Payments,
      which, (A) in the case of a Fixed Rate Mortgage Loan, are sufficient to fully
      amortize the original principal balance over the original term thereof (other
      than with respect to a Mortgage Loan identified on the related Mortgage Loan
      Schedule as an interest-only Mortgage Loan during the interest-only period)
      and
      to pay interest at the related Mortgage Interest Rate, and (B) in the case
      of an
      Adjustable Rate Mortgage Loan, are changed on each Adjustment Date, and in
      any
      case, are sufficient to fully amortize the original principal balance over
      the
      original term thereof and to pay interest at the related Mortgage Interest
      Rate.  The Index for each Adjustable Rate Mortgage Loan is as defined
      in the related Mortgage Loan Schedule.  With respect to each Mortgage
      Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage
      Loan,
      the interest-only period shall not exceed the period specified on the Mortgage
      Loan Schedule and following the expiration of such interest-only period, the
      remaining Monthly Payments shall be sufficient to fully amortize the original
      principal balance over the remaining term of the Mortgage Loan.  The
      Mortgage Note does not permit negative amortization.  No Mortgage Loan
      is a Convertible Mortgage Loan;

     

    (xxii)  The
      origination practices used by the Seller and the servicing and collection
      practices used by the Servicer with respect to each Mortgage Note and Mortgage,
      including without limitation the establishment, maintenance and servicing of
      the
      Escrow Accounts and Escrow Payments, if any, since origination have been in
      all
      respects legal, proper, prudent and customary in the mortgage origination and
      servicing industry.  The Mortgage Loan has been serviced by the
      Servicer and any predecessor servicer in accordance with all applicable laws,
      rules and regulations, the terms of the Mortgage Note and Mortgage, and the
      FNMA
      and FHLMC servicing guides.  With respect to escrow deposits and
      Escrow Payments (other than with respect to each Mortgage Loan which is
      indicated by the Seller to be a Second Lien Mortgage Loan and for which the
      mortgagee under the First Lien is collecting Escrow Payments (as reflected
      on
      the Mortgage Loan Schedule)), if any, all such payments are in the possession
      of, or under the control of, the Servicer and there exist no deficiencies in
      connection therewith for which customary arrangements for repayment thereof
      have
      not been made.  No escrow deposits or Escrow Payments or other charges
      or payments due the Seller have been capitalized under any Mortgage or the
      related Mortgage Note and no such escrow deposits or Escrow Payments are being
      held by the Seller or the Servicer for any work on a Mortgaged Property which
      has not been completed;

     

    (xxiii)  The
      Mortgaged Property is free of damage and waste and is in good repair, and there
      is no proceeding pending or, to the best of the Seller’s knowledge, threatened
      for the total or partial condemnation thereof nor is such a proceeding currently
      occurring;

     

    (xxiv)  The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      such as to render the rights and remedies of the holder thereof adequate for
      the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (a) in the case of a Mortgage designated as a
      deed
      of trust, by trustee’s sale, and (b) otherwise by judicial
      foreclosure.  The Mortgaged Property has not been subject to any
      bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed
      for protection under applicable bankruptcy laws.  There is no
      homestead or other exemption available to the Mortgagor which would interfere
      with the right to sell the Mortgaged Property at a trustee’s sale or the right
      to foreclose the Mortgage;  The Mortgagor has not notified the Seller
      or the Servicer and neither the Seller nor the Servicer has knowledge of any
      relief requested or allowed to the Mortgagor under the Servicemembers Civil
      Relief Act;

     

    (xxv)  Unless
      otherwise indicated on the Mortgage Loan Schedule, the Mortgage File contains
      an
      appraisal of the related Mortgaged Property which, (a) with respect to First
      Lien Mortgage Loans, was on appraisal form 1004 or form 2055 with an interior
      inspection, or (b) with respect to Second Lien Mortgage Loans, was on appraisal
      form 704, 2065 or 2055 with an exterior only inspection, and (c) with respect
      to
      (a) or (b) above, was made and signed, prior to the approval of the Mortgage
      Loan application, by a qualified appraiser, duly appointed by the Seller, who
      had no interest, direct or indirect in the Mortgaged Property or in any loan
      made on the security thereof, whose compensation is not affected by the approval
      or disapproval of the Mortgage Loan and who met the minimum qualifications
      of
      FNMA and FHLMC.  Each appraisal of the Mortgage Loan was made in
      accordance with the relevant provisions of the Financial Institutions Reform,
      Recovery, and Enforcement Act of 1989 as in effect on the date the Mortgage
      Loan
      was originated;

     

    (xxvi)  In
      the
      event the Mortgage constitutes a deed of trust, a trustee, duly qualified under
      applicable law to serve as such, has been properly designated and currently
      so
      serves and is named in the Mortgage, and no fees or expenses are or will become
      payable by the Purchaser to the trustee under the deed of trust, except in
      connection with a trustee’s sale after default by the Mortgagor;

     

    (xxvii)  No
      Mortgage Loan was made in connection with (a) the construction or rehabilitation
      of a Mortgaged Property or (b) facilitating the trade-in or exchange of a
      Mortgaged Property;

     

    (xxviii)    The
      Loan-to-Value Ratio of any Mortgage Loan at origination was not more than 95%
      and the CLTV of any Mortgage Loan at origination was not more than
      100%;  Each Mortgage Loan with an original Loan-to-Value Ratio at
      origination greater than 80% is and will be subject to a Primary Insurance
      Policy, issued by a Qualified Insurer, which insures that portion of the
      Mortgage Loan in excess of the portion of the Appraised Value of the Mortgaged
      Property as required by FNMA.  All provisions of such Primary
      Insurance Policy have been and are being complied with, such policy is in full
      force and effect, and all premiums due thereunder have been paid.  Any
      Mortgage subject to any such Primary Insurance Policy obligates the Mortgagor
      thereunder to maintain such insurance and to pay all premiums and charges in
      connection therewith.  The Mortgage Interest Rate for the Mortgage
      Loan does not include any such insurance premium.  If a Mortgage Loan
      is identified on the Mortgage Loan Schedule as subject to a Lender Paid Mortgage
      Insurance Policy, such policy insures that portion of the Mortgage Loan set
      forth in the LPMI Policy.  All provisions of any such LPMI Policy have
      been and are being complied with, such policy is in full force and effect,
      and
      all premiums due thereunder have been paid.  The Mortgage Interest
      Rate for the Mortgage Loan does not include the insurance premium for any LPMI
      Policy;

     

    (xxix)   The
      Mortgaged Property is lawfully occupied under applicable law; all inspections,
      licenses and certificates required to be made or issued with respect to all
      occupied portions of the Mortgaged Property and, with respect to the use and
      occupancy of the same, including but not limited to certificates of occupancy
      and fire underwriting certificates, have been made or obtained from the
      appropriate authorities.  No improvement located on or being part of
      any Mortgaged Property is in violation of any applicable zoning and subdivision
      law, ordinance  or regulation;

     

    (xxx)  No
      error,
      omission, misrepresentation, negligence, fraud or similar occurrence with
      respect to a Mortgage Loan has taken place on the part of any person, including
      without limitation the Mortgagor, any appraiser, any builder or developer,
      or
      any other party involved in the origination of the Mortgage Loan or in the
      application of any insurance in relation to such Mortgage Loan;

     

    (xxxi)  Any
      principal advances made to the Mortgagor prior to the Cut-off Date have been
      consolidated with the outstanding principal amount secured by the Mortgage,
      and
      the secured principal amount, as consolidated, bears a single interest rate
      and
      single repayment term reflected on the Mortgage Loan Schedule.  The
      lien of the Mortgage securing the consolidated principal amount is expressly
      insured as having (A) first lien priority with respect to each Mortgage Loan
      which is indicated by the Seller to be a First Lien (as reflected on the
      Mortgage Loan Schedule), or (B) second lien priority with respect to each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      (as reflected on the Mortgage Loan Schedule), in either case, by a title
      insurance policy, an endorsement to the policy insuring the mortgagee’s
      consolidated interest or by other title evidence acceptable to FNMA and
      FHLMC.  The consolidated principal amount does not exceed the original
      principal amount of the Mortgage Loan;

     

    (xxxii)  Interest
      on each Mortgage Loan is calculated on the basis of a 360-day year consisting
      of
      twelve 30-day months;

     

    (xxxiii)   The
      Mortgaged Property is in material compliance with all applicable environmental
      laws pertaining to environmental hazards including, without limitation,
      asbestos, and neither the Seller nor, to the Seller’s knowledge, the related
      Mortgagor, has received any notice of any violation or potential violation
      of
      such law;

     

    (xxxiv)  No
      Mortgage Loan is (a) subject to the provisions of the Homeownership and Equity
      Protection Act of 1994, as amended (“HOEPA”), (b) a “high cost”, “covered”,
“abusive”, “predatory”, “home loan”, “Section 10” or “high risk” mortgage loan
      (or a similarly designated loan using different terminology) under any federal,
      state or local law, or any other statute or regulation providing assignee
      liability to holders of such mortgage loans, or (c) subject to or in violation
      of any such or comparable federal, state or local statutes or
      regulations.  No Mortgage Loan is a high cost loan or a covered loan,
      as applicable (as such terms are defined in the Standard & Poor’s LEVELS
      Version 5.7 Glossary Revised, Appendix E as of the related Closing
      Date);

     

    (xxxv)    No
      Mortgage Loan had an original term to maturity of more than thirty (30)
      years;

     

    (xxxvi)  Each
      Mortgage contains an enforceable provision for the acceleration of the payment
      of the unpaid principal balance of the related Mortgage Loan in the event the
      related Mortgaged Property is sold or transferred without the prior consent
      of
      the mortgagee thereunder;

     

    (xxxvii)  With
      respect to each Mortgage Loan which is a Second Lien, (i) the related First
      Lien
      does not provide for negative amortization, and (ii) either no consent for
      the
      Mortgage Loan is required by the holder of the First Lien or such consent has
      been obtained and is contained in the Mortgage File;

     

    (xxxviii)  The
      Mortgage Loan Documents with respect to each Mortgage Loan subject to Prepayment
      Charges specifically authorizes such Prepayment Charges to be collected, such
      Prepayment Charges are permissible and enforceable in accordance with the terms
      of the related Mortgage Loan Documents and all applicable federal, state and
      local laws (except to the extent that the enforceability thereof may be limited
      by bankruptcy, insolvency, moratorium, receivership and other similar laws
      relating to creditors’ rights generally or the collectability thereof may be
      limited due to acceleration in connection with a foreclosure) and each
      Prepayment Charge was originated in compliance with all applicable federal,
      state and local laws;

     

    (xxxix)  The
      Seller has complied with all applicable anti-money laundering laws and
      regulations, including without limitation the USA Patriot Act of 2001
      (collectively, the “Anti-Money Laundering Laws”).  The Seller has
      established an anti-money laundering compliance program as required by the
      Anti-Money Laundering Laws, has conducted the requisite due diligence in
      connection with the origination of each Mortgage Loan for purposes of the
      Anti-Money Laundering Laws, including with respect to the legitimacy of the
      applicable Mortgagor and the origin of the assets used by the said Mortgagor
      to
      purchase the property in question, and maintains, and will maintain, sufficient
      information to identify the applicable Mortgagor for purposes of the Anti-Money
      Laundering Laws; no Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “blocked person” for
      purposes of the OFAC Regulations;

     

    (xl)  With
      respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such
      MIN
      is accurately provided on the related Mortgage Loan Schedule. The related
      Assignment of Mortgage to MERS has been duly and properly recorded or has been
      delivered for recording to the applicable recording office;

     

    (xli)  With
      respect to each MERS Mortgage Loan, neither the Seller nor the Servicer has
      received any notice of liens or legal actions with respect to such Mortgage
      Loan
      and no such notices have been electronically posted by MERS;

     

    (xlii)  The
      sale
      or transfer of the Mortgage Loan by the Seller complies with all applicable
      federal, state, and local laws, rules, and regulations governing such sale
      or
      transfer, including, without limitation, the Fair and Accurate Credit
      Transactions Act (“FACT Act”) and the Fair Credit Reporting Act, each as may be
      amended from time to time, and the Seller has not received any actual or
      constructive notice of any identity theft, fraud, or other misrepresentation
      in
      connection with such Mortgage Loan or any party thereto.

     

    (xliii)  The
      Mortgage Loan is in compliance with all requirements set forth in the related
      Confirmation, and the characteristics of the related Mortgage Loan Package
      as
      set forth in the related Confirmation are true and correct in all material
      respects;

     

    (xliv)  Each
      Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of
      the Code and Treasury Regulation Section 1.860G-2(a)(1);

     

    (xlv)  If
      the
      Residential Dwelling on the Mortgaged Property is a condominium unit or a unit
      in a planned unit development (other than a de minimis planned unit development)
      such condominium or planned unit development project meets the eligibility
      requirements of FNMA and FHLMC;

     

    (xlvi)  All
      improvements which were considered in determining the Appraised Value of the
      related Mortgaged Property lay wholly within the boundaries and building
      restriction lines of the Mortgaged Property, and no improvements on adjoining
      properties encroach upon the Mortgaged Property;

     

    (xlvii)  The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage on the Mortgaged Property and the security
      interest of any applicable security agreement or chattel mortgage referred
      to in
      (xi) above;

     

    (xlviii)  No
      Mortgage Loan contains provisions pursuant to which Monthly Payments are (a)
      paid or partially paid with funds deposited in any separate account established
      by the Seller, the Mortgagor, or anyone on behalf of the Mortgagor, (b) paid
      by
      any source other than the Mortgagor or (c) contains any other similar provisions
      which may constitute a “buydown” provision;

     

    (xlix)  The
      Mortgage Loan is not a graduated payment mortgage loan or a balloon Mortgage
      Loan, and the Mortgage Loan does not have a shared appreciation or other
      contingent interest feature;

     

    (l)  The
      Mortgagor has executed a statement to the effect that the Mortgagor has received
      all disclosure materials required by applicable law with respect to the making
      of fixed rate mortgage loans in the case of Fixed Rate Mortgage Loans, and
      adjustable rate mortgage loans in the case of Adjustable Rate Mortgage Loans
      and
      rescission materials with respect to Refinanced Mortgage Loans, and such
      statement is and will remain in the Mortgage File;

     

    (li)  Each
      original Mortgage was recorded and all subsequent assignments of the original
      Mortgage (other than the assignment to the Purchaser) have been recorded, or
      are
      in the process of being recorded, in the appropriate jurisdictions wherein
      such
      recordation is necessary to perfect the lien thereof as against creditors of
      the
      Seller. As to any Mortgage Loan which is not a MERS Mortgage Loan, the
      Assignment of Mortgage is in recordable form (except for the name of the
      assignee which is blank) and is acceptable for recording under the laws of
      the
      jurisdiction in which the Mortgaged Property is located;

     

    (lii)  Each
      Mortgage Loan originated in the state of Texas pursuant to Article XVI, Section
      50(a)(6) of the Texas Constitution (a “Texas Refinance Loan”) has been
      originated in compliance with the provisions of Article XVI, Section 50(a)(6)
      of
      the Texas Constitution, Texas Civil Statutes and the Texas Finance
      Code.  With respect to each Texas Refinance Loan that is a Cash Out
      Refinancing, the related Mortgage Loan Documents state that the Mortgagor may
      prepay such Texas Refinance Loan in whole or in part without incurring a
      Prepayment Charge.  The Seller does not collect any such Prepayment
      Charges in connection with any such Texas Refinance Loan;

     

    (liii)  Unless
      set forth on the Mortgage Loan Schedule, the source of the down payment with
      respect to each Mortgage Loan has been fully verified by the
      Seller;

     

    (liv)  The
      Seller shall, at its own expense, cause each Mortgage Loan to be covered by
      a
“life of loan” Tax Service Contract which is assignable to the Purchaser or its
      designee at no cost to the Purchaser or its designee or will reimburse the
      Purchaser for all costs and expenses incurred by the Purchaser in connection
      with the purchase of any such Tax Service Contract;

     

    (lv)  Each
      Mortgage Loan is covered by a “life of loan” Flood Zone Service Contract which
      is assignable to the Purchaser or its designee at no cost to the Purchaser
      or
      its designee or, for each Mortgage Loan not covered by such Flood Zone Service
      Contract, the Seller agrees to purchase such Flood Zone Service
      Contract;

     

    (lvi)  No
      Mortgage Loan is secured by cooperative housing, commercial property or mixed
      use property;

     

    (lvii)  No
      selection procedures were used by the Seller that identified the Mortgage Loans
      as being less desirable or valuable than other comparable mortgage loans in
      the
      Seller’s portfolio;

     

    (lviii)  Each
      Mortgage Loan has a valid and original Credit Score, with a minimum Credit Score
      as set forth in the related Confirmation;

     

    (lix)  No
      Mortgage Loan originated or modified on or after October 1, 2002 and prior
      to
      March 7, 2003 is secured by a Mortgaged Property located in the State of
      Georgia;

     

    (lx)  No
      Mortgage Loan is a “manufactured housing loan” pursuant to the NJ Act, and one
      hundred percent of the amount financed of any purchase money Second Lien
      Mortgage Loan subject to the NJ Act was used for the purchase of the related
      Mortgaged Property;

     

    (lxi)  With
      respect to any Mortgage Loan for which a mortgage loan application was submitted
      by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by a
      Mortgage Property located in the State of Illinois is in violation of the
      provisions of the Illinois Interest Act, including Section 4.1a which provides
      that no such Mortgage Loan with a Mortgage Interest Rate in excess of 8.0%
      per
      annum has lender-imposed fees (or other charges) in excess of 3.0% of the
      original principal balance of the Mortgage Loan;

     

    (lxii)  No
      Mortgage Loan is secured in whole or in part by the interest of the Mortgagor
      as
      a lessee under a ground lease of the related Mortgaged Property;

     

    (lxiii)  No
      Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of
      Massachusetts was made to pay off or refinance an existing loan or other debt
      of
      the related borrower (as the term “borrower” is defined in the regulations
      promulgated by the Massachusetts Secretary of State in connection with
      Massachusetts House Bill 4880 (2004)) unless either (1) (a) the related Mortgage
      Interest Rate (that would be effective once the introductory rate expires,
      with
      respect to Adjustable Rate Mortgage Loans) did or would not exceed by more
      than
      2.25% the yield on United States Treasury securities having comparable periods
      of maturity to the maturity of the related Mortgage Loan as of the fifteenth
      day
      of the month immediately preceding the month in which the application for the
      extension of credit was received by the related lender or (b) the Mortgage
      Loan
      is an “open-end home loan” (as such term is used in the Massachusetts House Bill
      4880 (2004)) and the related Mortgage Note provides that the related Mortgage
      Interest Rate may not exceed at any time the Prime rate index as published
      in
      The Wall Street Journal plus a margin of one percent, or (2) such Mortgage
      Loan
      is in the "borrower's interest," as documented by a "borrower's interest
      worksheet" for the particular Mortgage Loan, which worksheet incorporates the
      factors set forth in Massachusetts House Bill 4880 (2004) and the regulations
      promulgated thereunder for determining "borrower's interest," and otherwise
      complies in all material respects with the laws of the Commonwealth of
      Massachusetts;

     

    (lxiv)  The
      Seller has no knowledge of any circumstances or condition with respect to the
      Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor’s credit
      standing that can reasonably be expected to cause the Mortgage Loan to be an
      unacceptable investment, cause the Mortgage Loan to become delinquent, cause
      the
      Mortgage Loan to not be paid in full when due, or adversely affect the value
      of
      the Mortgage Loan;

     

    (lxv)  The
      Mortgage Loan was not prepaid in full prior to the Closing Date and the Seller
      has not received notification from a Mortgagor that a prepayment in full shall
      be made after the Closing Date;

     

    (lxvi)  No
      Mortgagor is the obligor on more than two Mortgage Notes;

     

    (lxvii)  With
      respect to any Mortgage Loan that contains a provision permitting imposition
      of
      a Prepayment Charge upon a Principal Prepayment prior to maturity: (i) prior
      to
      the Mortgage Loan’s origination, the Mortgagor agreed to such Prepayment Charge
      in exchange for a monetary benefit, including but not limited to a Mortgage
      Interest Rate or fee reduction, (ii) prior to the Mortgage Loan’s origination,
      the Mortgagor was offered the option of obtaining a Mortgage Loan that did
      not
      require payment of a Prepayment Charge, (iii) the Prepayment Charge is disclosed
      to the Mortgagor in the Mortgage Loan Documents pursuant to applicable state
      and
      federal law, (iv) for Mortgage Loans originated on or after September 1, 2004,
      the duration of the prepayment period shall not exceed three (3) years from
      the
      date of the Mortgage Note, unless the Mortgage Loan was modified to reduce
      the
      prepayment period to no more than three years from the date of the Mortgage
      Note
      and the Mortgagor was notified in writing of such reduction in the prepayment
      period, (v) no Mortgage Loan originated prior to October 1, 2002 has a
      Prepayment Charge longer than five years (vi) notwithstanding any state or
      federal law to the contrary, the  Seller shall not impose such
      Prepayment Charge in any instance when the Mortgage debt is accelerated as
      the
      result of the Mortgagor’s default in making the Monthly Payments;

     

    (lxviii)  No
      predatory, abusive or deceptive lending practices, including but not limited
      to,
      the extension of credit to a Mortgagor without regard for the Mortgagor’s
      ability to repay the Mortgage Loan and the extension of credit to a Mortgagor
      which has no tangible net benefit to the Mortgagor, were employed in connection
      with the origination of the Mortgage Loan.  Each Mortgage Loan is in
      compliance with the anti-predatory lending eligibility for purchase requirements
      of FNMA’s Selling Guide. No Mortgagor was encouraged or required to select a
      Mortgage Loan product offered by the Mortgage Loan’s originator which is a
      higher cost product designed for less creditworthy borrowers, unless at the
      time
      of the Mortgage Loan’s origination, such Mortgagor did not qualify taking into
      account credit history and debt to income ratios for a lower cost credit product
      then offered by the Mortgage Loan’s originator or any affiliate of the Mortgage
      Loan’s originator.  If, at the time of the related loan application,
      the Mortgagor may have qualified for a lower cost credit product then offered
      by
      any mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    (lxix)  The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      employs objective mathematical principles which relate the Mortgagor’s income,
      assets and liabilities to the proposed payment and such underwriting methodology
      does not rely on the extent of the Mortgagor’s equity in the collateral as the
      principal determining factor in approving such credit extension.  Such
      underwriting methodology confirmed that at the time of origination
      (application/approval) the Mortgagor had a reasonable ability to make timely
      payments on the Mortgage Loan;

     

    (lxx)  All
      points, fees and charges, including finance charges (whether or not financed,
      assessed, collected or to be collected), in connection with the origination
      and
      servicing of each Mortgage Loan were disclosed in writing to the related
      Mortgagor in accordance with applicable state and federal law and
      regulation.  Except in the case of a Mortgage Loan in an original
      principal amount of less than $60,000 which would have resulted in an
      unprofitable origination, no related Mortgagor was charged “points and fees”
(whether or not financed) in an amount greater than 5% of the principal amount
      of such loan, such 5% limitation is calculated in accordance with FNMA’s
      anti-predatory lending requirements as set forth in the FNMA Selling
      Guide;

     

    (lxxi)  No
      Mortgagor was required to purchase any credit life, disability, accident or
      health insurance product or debt cancellation agreement as a condition of
      obtaining the extension of credit.  No Mortgagor obtained a prepaid
      single premium credit life, disability, accident or health insurance policy
      in
      connection with the origination of the Mortgage Loan, and no proceeds from
      any
      Mortgage Loan were used to finance single-premium credit insurance policies
      or
      debt cancellation agreements as part of the origination of, or as a condition
      to
      closing, such Mortgage Loan;

     

    (lxxii)  The
      Servicer and any predecessor servicer has fully furnished, in accordance with
      the Fair Credit Reporting Act and its implementing regulations, accurate and
      complete information (e.g., favorable and unfavorable) on its borrower credit
      files to Equifax, Experian and Trans Union Credit Information Company (three
      of
      the credit repositories) on a monthly basis; and the Servicer will fully
      furnish, in accordance with the Fair Credit Reporting Act and its implementing
      regulations, accurate and complete information (e.g., favorable and unfavorable)
      on its borrower credit files to Equifax, Experian and Trans Credit Information
      Company (three of the credit repositories), on a monthly basis; and

     

    With
      respect to each Mortgage Loan,
      neither the related Mortgage nor the related Mortgage Note requires the
      Mortgagor to submit to arbitration to resolve any dispute arising out of or
      relating in any way to the Mortgage Loan transaction;  No Mortgagor
      agreed to submit to arbitration to resolve any dispute arising out of or
      relating in any way to the Mortgage Loan transaction.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      B

    

    Representation
      and Warranties with Respect to the American Ex Mortgage Loans, the LoanCity
      Mortgage Loans, the MetroCity Mortgage Loans, the Secured Bankers Mortgage
      Loans
      and the Silver State Mortgage Loans

    

    Except
      for “Mortgage Loans”, which
      shall mean the American Ex Mortgage Loans, the LoanCity Mortgage Loans, the
      MetroCity Mortgage Loans, the Secured Bankers Mortgage Loans and the Silver
      State Mortgage Loans sold by the Seller to the Purchaser, all capitalized terms
      in this Exhibit B shall have the meanings ascribed to them in the CitiMortgage
      Purchase Agreement.

    

    Seller
      hereby represents and warrants to Purchaser that, as to each Mortgage Loan,
      as
      of the applicable Closing Date (or such other date as may be specified
      herein):

     

    i)  The
      information set forth on the Mortgage Loan Schedule and the magnetic tape or
      diskette delivered to Purchaser by Seller is complete, true and
      correct;

     

    ii)  The
      Mortgage Note and the Mortgage have not been assigned or pledged, and Seller
      has
      good and marketable title thereto, and Seller is the sole owner and holder
      of
      the Mortgage Loan free and clear of any and all liens, claims, encumbrances,
      participation interests, equities, pledges, charges or security interests of
      any
      nature and has full right and author­ity, subject to no interest or
      participation of, or agreement with, any other party, to sell and assign the
      same pursuant to this Agreement;

     

    iii)  The
      Mortgage is a valid, enforceable and subsisting first lien on the property
      therein described, and the Mortgaged Property is free and clear of any and
      all
      adverse claims, encumbrances and liens having priority over the first lien
      of
      the Mort­gage except for (i) liens for current real estate taxes and special
      assessments not yet due and payable, (ii) covenants, conditions and
      restrictions, rights of way, easements and other matters of public record as
      of
      the date of recording being acceptable to mortgage lending institutions
      generally and specifically referred to in the lender's title insurance policy
      delivered to the originator of the Mortgage Loan and which do not adversely
      affect the Appraised Value of the Mortgaged Property, and (iii) other matters
      to
      which like properties are commonly subject which do not materially interfere
      with the benefits of the security intended to be provided by the Mortgage or
      the
      use, enjoyment, value or marketability of the related Mortgaged
      Property.  Any security agreement, chattel mortgage or equivalent
      document related to the Mortgage Loan and delivered to Purchaser establishes
      in
      Seller a valid, enforceable and sub­sisting first lien and first priority
      security interest with respect to each first lien Mortgage Loan on the property
      described therein, and Seller has full right to sell and assign the same to
      Purchaser.  The Mortgaged Property was not, as of the date of
      origination of the Mortgage Loan, subject to a mortgage, deed of trust, deed
      to
      secure debt or other security instrument creating a lien subordinate to the
      lien
      of the Mortgage;

     

    iv)  Except
      to
      the extent of a discharge Chapter 7, the terms of the Mortgage Note and the
      Mortgage have not been impaired, waived, altered or modified in any respect,
      except by a written instrument which has been recorded in the appropriate public
      recording office, if required by law, or, if necessary, to protect the interest
      of Purchaser and which have been delivered to Purchaser.  The
      substance of any such alteration or modification is reflected on the Mortgage
      Loan Schedule and has been approved by the issuer of any related Primary
      Mortgage Insurance Policy, if any, and the title insurer, to the extent required
      by the related policy;

     

    v)  Except
      to
      the extent of a discharge Chapter 7, no instrument of release, alteration,
      modification or waiver has been executed in connection with the Mortgage Loan,
      and no Mortgagor has been released, in whole or in part, except in connection
      with an assumption agreement which has been approved by the issuer of any
      Private Mortgage Insurance Policy, if any, and the title insurer, to the extent
      required by the related policy, and except such Mortgage Loan which contains
      in
      the related Mortgage File, as set forth on the related Mortgage Loan Schedule,
      evidence of a release or waiver or an assumption agreement discharging the
      original borrower from all of the debt obligations in connection with the
      related Mortgage Loan and providing for the assumption of all such debt
      obligations by the party assuming the obligations under the Mortgage Loan and,
      in each case, terms of which are reflected in the Mortgage Loan
      Schedule;

     

    vi)  All
      taxes, governmental assessments, insurance premiums, water, sewer and municipal
      charges, leasehold payments or ground rents which previously became due and
      owing have been paid, or an escrow of funds has been established in an amount
      sufficient to pay for every such item which remains unpaid and which has been
      assessed but is not yet due and payable and except as permitted in clause (l),
      there are no defaults in complying with the terms of the
      Mortgage.  Seller has not advanced funds, or induced, solicited or
      knowingly received any advance of funds by a party other than the Mortgagor,
      directly or indirectly, for the payment of any amount required by the Mortgage
      Note or Mortgage, except for interest accruing from the date of the Mortgage
      Note or date of disbursement of the Mortgage proceeds, whichever is greater,
      to
      the day which precedes by one month the Due Date of the first installment of
      principal and interest;

     

    vii)  The
      Mortgaged Property is free of material damage and waste and there is no
      proceeding pending or threatened for the total or partial condemnation of the
      Mortgaged Property, nor is such a proceeding currently occurring, and such
      property is undamaged by waste, fire, earthquake or earth movement, windstorm,
      flood, tornado or other casualty, so as to affect materially and adversely
      the
      value of the Mortgaged Property as security for the Mortgage Loan or the use
      for
      which the premises were intended;

     

    viii)  There
      are
      no mechanics' or similar liens or claims which have been filed for work, labor
      or material (and no rights are outstanding that under law could give rise to
      such lien) affecting the Mortgaged Property which are, or may be, liens prior
      or
      equal to, or coordinate with, the lien of the related Mortgage unless such
      lien
      is insured under the related title insurance policy;

     

    ix)  All
      improvements which were included for the purpose of determining the Appraised
      Value of the Mortgaged Property lie wholly within the boundaries and building
      restriction lines of the Mortgaged Property and, to Seller's knowledge, no
      improvements on adjoining properties encroach upon the Mortgaged Property (other
      than minor encroachments (i) which do not affect the value of the Mortgage
      Loan
      or the Purchaser’s interest therein and (ii) to which properties similar to the
      Mortgaged Property within the same jurisdiction are commonly subject and which
      do not interfere with the benefits of the security intended to be provided
      by
      the related Mortgage or the use, enjoyment, value or marketability of the
      related Mortgaged Property).  Each appraisal has been performed in
      accordance with the provisions of Title XI of FIRREA and the regulations
      promulgated thereunder;

     

    x)  No
      improvement located on or being part of the Mortgaged Property is in violation
      of any applicable zoning law or regulation and all inspections, licenses and
      certificates required to be made or issued with respect to all occupied portions
      of the Mortgaged Property and, with respect to the use and occupancy of the
      same, including but not limited to certificates of occupancy and fire
      underwriting certif­icates, have been made or obtained from the appropriate
      authorities and the Mortgaged Property is lawfully occupied under applicable
      law;

     

    xi)  All
      parties which have had any interest in the Mortgage Loan, whether as mortgagee,
      assignee, pledgee or otherwise, are (or, during the period in which they held
      and disposed of such interest, were) (i) in compliance with any and all
      applicable licensing requirements of the laws of the state wherein the Mortgaged
      Property is located, and (ii) either (1) organized under the laws of such state,
      or (2) qualified to do business in such state, or (3) federal savings and loan
      associations, federal savings banks or national banks having authorized offices
      in such state, or (4) not doing business in such state;

     

    xii)  Unless
      otherwise disclosed in the Commitment Letter, all Monthly Payments due prior
      to
      the related Cut-off Date for such Mortgage Loan have been made by the related
      Closing Date and no Monthly Payment due under any Mortgage Loan has been more
      than thirty (30) days due past the related Due Date, exclusive of any grace
      period, within the prior twelve months prior to the Cut-off Date.  The
      Seller has not advanced funds, or induced, solicited or knowingly received
      any
      advance of funds from a party other than the owner of the related Mortgaged
      Property, directly or indirectly, for the payment of any amount required by
      the
      Mortgage Note or Mortgage;

     

    xiii)  The
      Mortgage has not been satisfied, canceled, subordinated or rescinded, in whole
      or in part, and the 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 satisfaction, release, cancellation, subordination or
      rescission, except in connection with an assumption agreement which has been
      delivered to the Purchaser; and any such release is reflected on the Mortgage
      Loan Schedule;

     

    xiv)  The
      Mortgage File contains each of the documents and instruments specified to be
      included therein duly executed and in due and proper form, and each such
      document or instrument is in form acceptable to Fannie Mae or Freddie Mac, and
      each Mortgage Note, Mortgage, and appraisal are on forms acceptable to Fannie
      Mae or Freddie Mac;

     

    xv)  The
      Mortgage Note and the related Mortgage are genuine, and each is the legal,
      valid
      and binding obligation of the maker thereof, enforceable in accordance with
      its
      terms, except as enforceability may be limited by applicable bankruptcy,
      insolvency, reorganization or other similar laws relating to or affecting the
      enforcement of creditors' rights and by general principles of
      equity.  All parties to the Mortgage Note and the Mort­gage had
      legal capacity to execute the Mortgage Note and the Mortgage, and each Mortgage
      Note and Mortgage have been duly and properly executed by such
      parties;

     

    xvi)  Any
      and
      all requirements of any federal, state or local law including, without
      limitation, usury, truth-in-lending, real estate settlement procedures, consumer
      credit protection, predatory and abusive lending, equal credit opportunity
      or
      disclo­sure laws applicable to the originating or servicing of the Mortgage
      Loans have been complied with and the consummation of the transactions
      contemplated hereby will not involve the violation of any such
      laws;

     

    xvii)  The
      proceeds of the Mortgage Loan have been fully disbursed to or for the account
      of
      the Mortgagor, there is no requirement for future advances thereunder and any
      and all requirements as to comple­tion of any on-site or off-site
      improvements and as to disbursements of any escrow funds therefor have been
      complied with.  All costs, fees and expenses incurred in making or
      closing Mortgage Loans and the recording of the Mortgage were paid and the
      Mortgagor is not entitled to any refund of any amounts paid or due under the
      Mortgage Note or Mortgage;

     

    xviii)  Any
      future advances made prior to the Cut-off Date have been consolidated with
      the
      outstanding principal amount secured by the Mortgage, and the secured
      princi­pal amount, as consolidated, bears a single interest rate and single
      repayment term reflected on the Mort­gage Loan Schedule.  The lien
      of the Mortgage securing the consolidated principal amount is expressly insured
      as having first lien priority by a title insurance policy, an endorsement to
      the
      policy insuring the Mortgagee's consolidated interest or by other title evidence
      acceptable to Fannie Mae or Freddie Mac. The consolidated principal amount
      does
      not exceed the original principal amount of the Mortgage Loan;

     

    xix)  All
      improvements upon the Mortgaged Property are insured by a Qualified Insurer
      against loss by fire, hazards of extended coverage and such other hazards as
      are
      customary in the area where the Mortgaged Property is located, pursuant to
      insurance policies conforming to the requirements of Section 10.15
      hereof.  All individual insurance policies (collectively, the "hazard
      insurance policy") are in full force and effect and are the valid and binding
      obligation of the insurer and contain a standard mortgagee clause naming Seller,
      its successors and assigns, as mortgagee.  All premiums thereon have
      been paid.  If the Mortgaged Property is in an area identified in the
      Federal Register by the Federal Emergency Management Agency as having special
      flood hazards (and such flood insurance has been made available) Seller will
      cause to be maintained a flood insurance policy meeting the requirements of
      the
      current guide­lines of the Federal Insurance Administration with an
      insurance carrier acceptable to Fannie Mae and Freddie Mac, in an amount
      representing coverage not less than the least of (i) the out­standing
      principal balance of the Mortgage Loan, (ii) the full insurable value of the
      Mortgaged Property, or (iii) the maximum amount of insurance available under
      the
      Flood Disaster Protection Act of 1973, as amended.  The Mortgage
      obligates the Mortgagor thereunder to maintain all such insurance at the
      Mortgagor's cost and expense, and upon the Mortgagor's failure to do so,
      authorizes the holder of the Mortgage to obtain and maintain such insurance
      at
      the Mortgagor's cost and expense and to seek reimbursement therefor from the
      Mortgagor;

     

    xx)  There
      is
      no default, breach, violation or event of acceleration existing under the
      Mortgage or the related Mortgage Note and, to Seller's knowledge, no event
      which, with the passage of time or with notice and the expiration of any grace
      or cure period, would constitute a default, breach, viola­tion or event of
      acceleration; and Seller has not waived any default, breach, violation or event
      of acceleration;

     

    xxi)  The
      Mortgage Note and the Mortgage are not subject to any right of rescission,
      set-off, counterclaim or defense, including, without limitation, the defense
      of
      usury, nor will the operation of any of the terms of the Mortgage Note or the
      Mortgage, or the exercise of any right thereunder, render either the Mortgage
      Note or the Mortgage unenforceable, in whole or in part, or subject to any
      right
      of rescission, set-off, counter­claim or defense, including the defense of
      usury, and no such right of rescission, set-off, counterclaim or defense has
      been asserted with respect thereto; and unless otherwise disclosed in the
      Commitment Letter, the Mortgagor is not  and was not at the time the
      Mortgage Loan was originated, a debtor in any state or federal bankruptcy or
      insolvency proceeding;

     

    xxii)  No
      Mortgage Loan has an LTV greater than 100%.  If a Mortgage Loan has an
      LTV greater than 80%, the excess of the principal balance of the Mortgage Loan
      over 75% of the Appraised Value, with respect to a Refinanced Mortgage Loan,
      or
      the lesser of the Appraised Value or the purchase price of the Mortgaged
      Property, with respect to a purchase money Mortgage Loan, is insured as to
      payment defaults by a Primary Mortgage Insurance Policy issued by a Qualified
      Insurer.  All provisions of such Primary Mortgage Insurance Policy
      have been and are being complied with, such policy is in full force and effect,
      and all premiums due thereunder have been paid.  No action, inaction,
      or event has occurred and no state of facts exists that has, or will result
      in
      the exclusion from, denial of, or defense to coverage.  Any Mortgage
      Loan subject to a Primary Mortgage Insurance Policy obligates the Mortgagor
      thereunder to maintain the Primary Mortgage Insurance Policy and to pay all
      premiums and charges in connection therewith until such time as applicable
      law
      allows the termination of such insurance. The mortgage interest rate for the
      Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such
      insurance premium;

     

    xxiii)  The
      Mortgage Note is not secured by any collateral, pledged account or other
      security except the lien of the corresponding Mortgage and the security interest
      of any applicable security agreement or chattel mortgage referred to in Section
      6.01(c);

     

    xxiv)  The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      which render the rights and remedies of the holder thereof adequate for the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (i) in the case of a Mortgage designated as a
      deed
      of trust, by trustee's sale, and (ii) otherwise by judicial foreclosure, subject
      only to rights of redemption, seizure and other laws that would not materially
      interfere with the ultimate realization of the benefits of the
      security.  The Mortgagor has not notified the Seller and the Seller
      has no knowledge of any relief requested or allowed to the Mortgagor under
      the
      Servicemembers Civil Relief Act;

     

    xxv)  No
      fraud,
      error, omission, misrepresentation, negligence or similar occurrence with
      respect to a Mortgage Loan has taken place on the part of Seller or the
      Mortgagor or, to the best of Seller’s knowledge, any other party involved in the
      origination of the Mortgage Loan;

     

    xxvi)  As
      to
      Mortgage Loans that are not Co-op Loans, the Mortgaged Property is located
      in
      the state identified in the Mortgage Loan Schedule and consists of a single
      parcel of real property with a detached single family residence erected thereon,
      or a townhouse, or a two-to four-family dwelling, or an individual condominium
      unit in a condominium project, or an individual unit in a planned unit
      development or a de minimis planned unit development, provided, however, that
      no
      residence or dwelling is a single parcel of real property with a cooperative
      housing corporation erected thereon, or a mobile home.  As of the date
      of origination, no portion of the Mortgaged Property was used for commercial
      purposes, and since the date of origination no portion of the Mortgaged Property
      has been used for commercial purposes.  If the Mortgaged Property is a
      condominium unit or a planned unit development (other than a de minimis planned
      unit development), or stock in a cooperative housing corporation, such
      condominium, cooperative or planned unit development project meets the Seller’s
      eligibility requirements as set forth in the Underwriting Standards or as may
      otherwise be set forth and agreed to in the related Commitment
      Letter;

     

    xxvii)  There
      exist no deficiencies with respect to escrow deposits and payments, if such
      are
      required, for which customary arrangements for repayment thereof have not been
      made, and, to Seller's knowledge, no escrow deposits or payments of other
      charges or payments due Seller have been capital­ized under the Mortgage or
      the related Mortgage Note;

     

    xxviii)  The
      origination, collection and servicing practices used by Seller with respect
      to
      the Mortgage Note and Mortgage have been in all respects legal and customary
      in
      the mortgage servicing business;

     

    xxix)  Each
      Mortgage Loan that is not Co-op Loan is covered by an ALTA or CLTA mortgage
      title insurance policy acceptable to Fannie Mae or Freddie Mac, or such other
      generally acceptable form of policy or insurance, issued by and the valid and
      binding obligation of a Qualified Insurer, insuring Seller, its successors
      and
      assigns, as to the first priority lien of the Mortgage in the original principal
      amount of the Mortgage Loan and against any loss by reason of the invalidity
      or
      unenforceability of the lien resulting from the provisions of the
      Mortgage.  Such mortgage title insurance policy insures Seller, its
      successors and assigns as mortgagee and the assignment to Purchaser of Seller's
      interest in such mortgage title insurance policy does not require the consent
      of
      or notification to the insurer, such mortgage title insurance policy is in
      full
      force and effect and will be in full force and effect and inure to the benefit
      of Purchaser upon the consummation of the trans­actions contemplated by this
      Agreement.  No claims have been made under such mortgage title
      insurance policy and, to Seller's knowledge, no prior holder of the related
      Mortgage, including Seller, has done, by act or omission, anything which would
      impair the coverage of such mortgage title insurance policy;

     

    xxx)  Except
      with respect to Interest Only Mortgage Loans, principal payments on the Mortgage
      Loan commenced no more than sixty (60) days after the proceeds of the Mortgage
      Loan were disbursed.  The Mortgage Loan bears interest at the Mortgage
      Interest Rate.  With respect to each Mortgage Loan, the Mortgage Note
      has an original term of not more than thirty (30) years and is payable on the
      first day of each month; provided, however, in the case of a balloon Mortgage
      Loan, the Mortgage Loan matures at least five (5) years after the first payment
      date thereby requiring a final payment of the outstanding principal balance
      prior to the full amortization of the Mortgage Loan.  Except with
      respect to Interest Only Mortgage Loans, the Monthly Payments will fully
      amortize the Stated Principal Balance of the Mortgage Loan over its remaining
      term at the Mortgage Interest Rate.  The Mortgage Note does not permit
      negative amortization.  The Monthly Payment on each Interest Only
      Mortgage Loan during the related interest-only period is equal to the product
      of
      the related Mortgage Interest Rate and the principal balance of such Mortgage
      Loan on the first day of each month and after such interest-only period, except
      with respect to Interest Only Mortgage Loans that are Adjustable Rate Mortgage
      Loans, such Mortgage Loan is payable in equal monthly installments of principal
      and interest;

     

    xxxi)  No
      Mortgage Loan is classified as a “high cost” mortgage loan under the Home
      Ownership and Equity Protection Act of 1994, as amended, nor is any Mortgage
      Loan a “high cost home,” “covered,” “high risk home” or “predatory” loan under
      any applicable state, federal or local law (or a similarly classified loan
      using
      different terminology under an applicable law imposing heightened regulatory
      scrutiny or additional legal liability for residential mortgage loans having
      high interest rates, points and/or fees);

     

    xxxii)  Each
      Mortgage Loan is a “qualified mortgage” within Section 860G(a)(3) of the
      Code;

     

    xxxiii)  With
      respect to each Mortgage Loan for which the Underwriting Standards require
      an
      appraisal to be performed in connection with the origination thereof, the
      Mortgage File contains an appraisal of the related Mortgaged Property made
      and
      signed, prior to the approval of the Mortgage Loan application, by a Qualified
      Appraiser;

     

    xxxiv)  If
      the
      Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified
      if required under applicable law to act as such, has been properly designated
      and currently so serves and is named in the Mortgage, and no fees or expenses,
      except as may be required by local law, are or will become payable by the
      Purchaser to the trustee under the deed of trust, except in connection with
      a
      trustee’s sale or attempted sale after default by the Mortgagor;

     

    xxxv)  No
      Mortgage Loan contains “graduated payment,” “shared appreciation” or other
      contingent interest features; to the extent any Mortgage Loan (as identified
      on
      the Mortgage Loan Schedule) contains any buydown provision, such buydown funds
      have been maintained and administered in accordance with, and such Mortgage
      Loan
      otherwise complies with, Fannie Mae and Freddie Mac requirements relating to
      buydown loans;

     

    xxxvi)  The
      Mortgagor has received all disclosure materials required by applicable law
      with
      respect to the making of such mortgage loans;

     

    xxxvii)  No
      Mortgage Loan was made for the purpose of (a) the construction or rehabilitation
      of a Mortgaged Property or (b) facilitating the trade-in or exchange of a
      Mortgaged Property;

     

    xxxviii)  All
      information supplied by, on behalf of, or concerning the Mortgagor is true,
      accurate and complete and does not contain any statement that is or will be
      inaccurate or misleading in any material respect;

     

    xxxix)  The
      Assignment of Mortgage is in recordable form and is acceptable for recording
      under the laws of the jurisdiction in which the Mortgaged Property is
      located;

     

    xl)  With
      respect to each Mortgage Loan that contains a Prepayment Penalty, such
      Prepayment Penalty is enforceable and will be enforced by Seller, and such
      Prepayment Penalty is permitted pursuant to federal, state and local
      law.  No Mortgage Loan
      originated on or after October 1, 2002 imposes a Prepayment Penalty
      for a term in excess of three years,
      and no Mortgage Loan originated prior to October 1, 2002 imposes a Prepayment
      Penalty
      in excess of five years; Except as otherwise
      set forth
      on the Mortgage Loan Schedule, with respect to each Mortgage Loan that contains
      a Prepayment Penalty, such Prepayment Penalty is at least equal to the lesser
      of
      (A) the maximum amount permitted under applicable law and (B) six months
      interest at the related Mortgage Interest Rate on the amount prepaid in excess
      of 20% of the original principal balance of such Mortgage Loan;

     

    xli)  Any
      principal advances made to the Mortgagor prior to the Cut-off Date have been
      consolidated with the outstanding principal amount secured by the Mortgage,
      and
      the secured principal amount, as consolidated, bears a single interest rate
      and
      single repayment term.  The lien of the Mortgage securing the
      consolidated principal amount is expressly insured as having first lien priority
      by a title insurance policy, an endorsement to the policy insuring the
      mortgagee’s consolidated interest or by other title evidence acceptable to
      Fannie Mae and Freddie Mac.  The consolidated principal amount does
      not exceed the original principal amount of the Mortgage Loan;

     

    xlii)  No
      Mortgagor was required to purchase
      any credit life, disability, accident or health insurance  product as
      a condition of obtaining the extension of credit.  No Mortgagor
      obtained a prepaid single premium credit life, disability, accident or health
      insurance policy or debt
      cancellation agreement as a condition of obtaining the extension of credit
      or in
      connection the with the origination of the Mortgage Loan. No proceeds from any
      Mortgage Loan were
      used to purchase single premium credit insurance policies as part of the
      origination of, or as a condition to closing, such Mortgage
      Loan;

     

    xliii)  Each
      Mortgage Loan has been serviced in all material respects in compliance with
      Customary Servicing Procedures;

     

    xliv)  With
      respect to each Co-op Loan, the related Mortgage is a valid, enforceable and
      subsisting first security interest on the related cooperative shares securing
      the related cooperative note, subject only to (a) liens of the cooperative
      for
      unpaid assessments representing the Mortgagor’s pro rata share of the
      cooperative’s payments for its blanket mortgage, current and future real
      property taxes, insurance premiums, maintenance fees and other assessments
      to
      which like collateral is commonly subject and (b) other matters to which like
      collateral is commonly subject which do not materially interfere with the
      benefits of the security intended to be provided by the Security
      Agreement.  There are no liens against or security interest in the
      cooperative shares relating to each Co-op Loan (except for unpaid maintenance,
      assessments and other amounts owed to the related cooperative which individually
      or in the aggregate will not have a material adverse effect on such Co-op Loan),
      which have priority over Seller’s security interest in such cooperative
      shares;

     

    xlv)  With
      respect to each Co-op Loan, a search for filings of financing statements has
      been made by a company competent to make the same, which company is acceptable
      to Fannie Mae and qualified to do business in the jurisdiction where the
      cooperative unit is located, and such search has not found anything which would
      materially and adversely affect the Co-op Loan;

     

    xlvi)  With
      respect to each Co-op Loan, the related cooperative corporation that owns title
      to the related cooperative apartment building is a “cooperative housing
      corporation” within the meaning of Section 216 of the Code, and is in material
      compliance with applicable federal, state and local laws which, if not complied
      with, could have a material adverse effect on the Mortgaged
      Property;

     

    xlvii)  With
      respect to each Co-op Loan, there is no prohibition against pledging the shares
      of the cooperative corporation or assigning the Co-op Lease;

     

    xlviii)  The
      Mortgage Loan was originated by a Mortgagee approved by the Secretary of HUD
      pursuant to sections 203 and 211 of the National Housing Act, a savings and
      loan
      association, a savings bank, a commercial bank, credit union, insurance company
      or similar institution which is supervised and examined by a federal or state
      authority;

     

    xlix)  With
      respect to any ground lease to which a Mortgaged Property may be subject: (i)
      a
      true, correct and complete copy of the ground lease and all amendments,
      modifications and supplements thereto is included in the Mortgage File, and
      the
      Mortgagor is the owner of a valid and subsisting leasehold interest under such
      ground lease; (ii) such ground lease is in full force and effect, unmodified
      and
      not supplemented by any writing or otherwise except as contained in the Mortgage
      File; (iii) all rent, additional rent and other charges reserved therein have
      been fully paid to the extent payable as of the Closing Date; (iv) the Mortgagor
      enjoys the quiet and peaceful possession of the leasehold estate, subject to
      any
      sublease; (v) the Mortgagor is not in default under any of the terms of such
      ground lease, and there are no circumstances which, with the passage of time
      or
      the giving of notice, or both, would result in a default under such ground
      lease; (vi) the lessor under such ground lease is not in default under any
      of
      the terms or provisions of such ground lease on the part of the lessor to be
      observed or performed; (vii) the lessor under such ground lease has satisfied
      any repair or construction obligations due as of the Closing Date pursuant
      to
      the terms of such ground lease; (viii) the execution, delivery and performance
      of the Mortgage do not require the consent (other than those consents which
      have
      been obtained and are in full force and effect) under, and will not contravene
      any provision of or cause a default under, such ground lease; (ix) the ground
      lease term exceeds, or is automatically renewable, for at least five years
      beyond the maturity date of the related Mortgage Loan; and (x) the Purchaser
      has
      the right to cure defaults on the ground lease;

     

    l)  With
      respect to any broker fees collected and paid on any of the Mortgage Loans,
      all
      broker fees have been properly assessed to the borrower and no claims will
      arise
      as to broker fees that are double charged and for which the borrower would
      be
      entitled to reimbursement;

     

    li)  With
      respect to any Mortgage Loan as to which an affidavit has been delivered to
      the
      Purchaser certifying that the original Mortgage Note has been lost or destroyed
      and not been replaced, if such Mortgage Loan is subsequently in default, the
      enforcement of such Mortgage Loan will not be materially adversely affected
      by
      the absence of the original Mortgage Note;

     

    lii)  There
      is
      no pending action or proceeding directly involving the Mortgaged Property in
      which compliance with any environmental law, rule or regulation is an
      issue.  There is no violation of any environmental law, rule or
      regulation with respect to the Mortgaged Property; and Seller has not received
      any notice of any environmental hazard on the Mortgaged Property and nothing
      further remains to be done to satisfy in full all requirements of each such
      law,
      rule or regulation constituting a prerequisite to use and enjoyment of said
      property;

     

    liii)  With
      respect to any Mortgage Loan which is a Texas Home Equity Loan, any and all
      requirements of Section 50, Article XVI of the Texas Constitution applicable
      to
      Texas Home Equity Loans which were in effect at the time of the origination
      of
      the Mortgage Loan have been complied with;

     

    liv)  No
      Mortgage Loan is secured by real property or secured  by a
      manufactured home located in the state of Georgia unless (x) such Mortgage
      Loan
      was originated prior to October 1, 2002 or after March 6, 2003, or (y) the
      property securing the Mortgage Loan is not, nor will be, occupied by the
      Mortgagor as the Mortgagor’s principal dwelling.  No Mortgage Loan is
      a “High Cost Home Loan” as defined in the Georgia Fair Lending Act, as amended
      (the “Georgia Act”).   Each Mortgage Loan that is a “Home Loan”
under the Georgia Act complies with all applicable provisions of the Georgia
      Act. No Mortgage Loan secured by owner occupied real property or an owner
      occupied manufactured home located in the State of Georgia was originated (or
      modified) on or after October 1, 2002 through and including March 6,
      2003;

     

    lv)  No
      Mortgage Loan is a “High Cost Loan” or “Covered Loan”, as applicable, as such
      terms are defined in Appendix E of the then-current Standard & Poor’s
      Levelsâ
      Glossary;

     

    lvi)  No
      Mortgage Loan is a Convertible Mortgage Loan;

     

    lvii)  For
      each
      Mortgage Loan, the servicer has fully furnished, in accordance with the Fair
      Credit Reporting Act and its implementing regulations, accurate and complete
      information (i.e. favorable and unfavorable) on its borrowers’ credit
      files to Equifax, Experian and Trans Union Credit Information Company (three
      of
      the credit repositories) on a monthly basis;

     

    lviii)  With
      respect to each MOM Loan, a MIN has been assigned by MERS and such MIN is
      accurately provided on the Mortgage Loan Schedule.  The related
      Assignment of Mortgage to MERS has been duly and properly recorded, or has
      been
      delivered for recording to the applicable recording office;

     

    lix)  With
      respect to each MOM Loan, Seller has not received any notice of liens or legal
      actions with respect to such Mortgage Loan and no such notices have been
      electronically posted by MERS;

     

    lx)  No
      Mortgage or Mortgage Note in connection with any Mortgage Loan originated on
      or
      after August 1, 2004 requires the Mortgagor to submit to arbitration to resolve
      any dispute arising out of or relating in any ay to the Mortgage Loan;
      and

     

    lxi)  [Reserved]

     

    lxii)  Each
      Mortgage Loan is in compliance with the anti-predatory lending eligibility
      for
      purchase requirements of Fannie Mae and Freddie Mac; and

     

    lxiii)   With
      respect to each Buydown Mortgage Loan:

     

    
      	
              a.    
                  

            	
              On
                or before the date of origination of such Mortgage Loan, the Seller
                and
                the Mortgagor, or the Seller, the Mortgagor and the seller of the
                Mortgaged Property or a third party entered into a Buydown
                Agreement.  The Buydown Agreement provides that the seller of
                the Mortgaged Property (or third party) shall deliver to the Seller
                temporary Buydown Funds in an amount equal to the aggregate undiscounted
                amount of payments that, when added to the amount the Mortgagor on
                such
                Mortgage Loan is obligated to pay on each Due Date in accordance
                with the
                terms of the Buydown Agreement, is equal to the full scheduled Monthly
                Payment due on such Mortgage Loan. The Buydown Period shall not exceed
                thirty-six months and increases shall take place in 12 month
                intervals.  The total annual increase may not exceed
                1%

            

    

     

    
      	
              b.      

            	
              The
                Mortgage and Mortgage Note reflect the permanent payment terms rather
                than
                the payment terms of the Buydown Agreement.  The Buydown
                Agreement provides for the payment by the Mortgagor of the full amount
                of
                the Monthly Payment on any Due Date that the Buydown Funds are not
                available.  The Buydown Funds were not used to reduce the
                original principal balance of the Mortgage Loan or to increase the
                Appraised Value of the Mortgaged Property when calculating the
                Loan-to-Value Ratios for purposes of this Agreement and, if the Buydown
                Funds were provided by the Seller and if required under the Underwriting
                Standards, the terms of the Buydown Agreement were disclosed to the
                appraiser of the Mortgaged Property;
                and

            

    

     

    
      	
              c.    
                  

            	
              As
                of the date of origination of the Mortgage Loan, the provisions of
                the
                related Buydown Agreement complied with the requirements of the Seller
                as
                set forth in the Underwriting Standards regarding buydown
                agreements.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBIT
      C

    

    Representation
      and Warranties with Respect to the Countrywide Mortgage
      Loans

    

    Except
      for “Mortgage Loans”, which
      shall mean the Countrywide Mortgage Loans sold by the Seller to the Purchaser,
      all capitalized terms in this Exhibit C shall have the meanings ascribed to
      them
      in the Countrywide Purchase Agreement.

    

    (a)  Mortgage
      Loan Schedule.  The information contained in the Mortgage Loan
      Schedule is complete, true and correct in all material respects;

     

    (b)  No
      Delinquencies or Advances.  All payments required to be made prior
      to the related Cut-off Date for such Mortgage Loan under the terms of the
      Mortgage Note have been made; Countrywide has not advanced funds, or induced,
      solicited or knowingly received any advance of funds from a party other than
      the
      owner of the Mortgaged Property subject to the Mortgage, directly or indirectly,
      for the payment of any amount required by the Mortgage Loan; and there has
      been
      no delinquency of more than thirty (30) days in any payment by the Mortgagor
      thereunder during the last twelve (12) months;

     

    (c)  Taxes,
      Assessments, Insurance Premiums and Other Charges.  There are no
      delinquent taxes, ground rents, or insurance premiums, and Countrywide has
      no
      knowledge of any delinquent water charges, sewer rents, assessments, leasehold
      payments, including assessments payable in future installments or other
      outstanding charges affecting the related Mortgaged Property;

     

    (d)  No
      Modifications.  The terms of the Mortgage Note and the Mortgage
      have not been impaired, waived, altered or modified in any respect, except
      by
      written instruments that have been or will be recorded or registered with the
      MERS System, if necessary to protect the interests of the Purchaser, and that
      have been or will be delivered to the Purchaser, all in accordance with this
      Agreement.  The substance of any such waiver, alteration or
      modification has been approved by the primary mortgage guaranty insurer, if
      any,
      and by the title insurer, to the extent required by the related policy and
      its
      terms are reflected on the Mortgage Loan Schedule.  No Mortgagor has
      been released, in whole or in part, except in connection with an assumption
      agreement approved by the primary mortgage insurer, if any, and the title
      insurer, to the extent required by the policy, and which assumption agreement
      is
      part of the Collateral File and the terms of which are reflected in the Mortgage
      Loan Schedule if executed prior to the Closing Date;

     

    (e)  No
      Defenses.  The Mortgage Note and the Mortgage are not subject to
      any right of rescission, set-off, counterclaim or defense, including the defense
      of usury, nor will the operation of any of the terms of the Mortgage Note and
      the Mortgage, or the exercise of any right thereunder, render the Mortgage
      unenforceable, in whole or in part, or subject to any right of rescission,
      set-off, counterclaim or defense, including the defense of usury, and no such
      right of rescission, set-off, counterclaim or defense has been asserted with
      respect thereto;

     

    (f)  Hazard
      and Flood Insurance.  All buildings upon the Mortgaged Property
      are insured by an insurer acceptable to an Agency against loss by fire, hazards
      of extended coverage and such other hazards as are customary in the area where
      the Mortgaged Property is located, and such insurer is licensed to do business
      in the state where the Mortgaged Property is located.  All such
      insurance policies contain a standard mortgagee clause naming Countrywide,
      its
      successors and assigns as mortgagee, and all premiums thereon have been
      paid.  If, upon the origination of the Mortgage Loan, the Mortgaged
      Property was, or was subsequently deemed to be, in an area identified in the
      Federal Register by the Federal Emergency Management Agency as having special
      flood hazards (and such flood insurance has been made available), a flood
      insurance policy that meets the requirements of the current guidelines of the
      Federal Insurance Administration (or any successor thereto) and conforms to
      the
      requirements of an Agency is in effect.  The Mortgage obligates the
      Mortgagor thereunder to maintain all such insurance at the Mortgagor’s expense
      and, upon the failure of the Mortgagor to do so, the holder of the Mortgage
      is
      authorized to maintain such insurance at the Mortgagor’s expense and to seek
      reimbursement _herefore from the Mortgagor;

     

    (g)  Compliance
      with Applicable Law.  Each Mortgage Loan, including any Prepayment
      Charge or penalty in connection therewith, at the time of origination complied
      in all material respects with applicable local, state and federal laws, and
      any
      applicable ordinances, including truth in lending, real estate settlement
      procedures, consumer credit protection, equal credit opportunity, predatory
      and
      abusive lending and disclosure laws applicable to the Mortgage
      Loan;

     

    (h)  No
      Release of Mortgage.  The Mortgage has not been satisfied,
      canceled, subordinated, or rescinded, in whole or in part, and the 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, subordination or rescission;

     

    (i)  Enforceability
      of Mortgage Documents.  The Mortgage Note and the related Mortgage
      are genuine and each is the legal, valid and binding obligation of the maker
      thereof, enforceable in accordance with its terms, except as the enforceability
      thereof may be limited by bankruptcy, insolvency, reorganization or similar
      laws;

     

    (j)  Valid
      First or Second Lien.  Each related Mortgage is a valid,
      subsisting and enforceable First Lien (with respect to a First Lien Mortgage
      Loan) or Second Lien (with respect to a Second Lien Mortgage Loan) on the
      related Mortgaged Property, including all improvements on the Mortgaged
      Property.  The lien of the Mortgage is subject only to:

     

    (i)  the
      lien
      of current real property taxes and assessments not yet due and
      payable;

     

    (ii)  covenants,
      conditions and restrictions, rights of way, easements and other matters of
      public record as of the date of recording that are acceptable to mortgage
      lending institutions generally and specifically referred to in the lender’s
      title insurance policy delivered to the originator of the Mortgage Loan and
      that
      do not adversely affect the Appraised Value (as evidenced by an appraisal
      referred to in such definition) of the Mortgaged Property set forth in such
      appraisal;

     

    (iii)  with
      respect to a Second Lien Mortgage Loan only, the lien of the first mortgage
      on
      the Mortgaged Property; and

     

    (iv)  other
      matters to which like properties are commonly subject which do not materially
      interfere with the benefits of the security intended to be provided by the
      Mortgage or the use, enjoyment, value or marketability of the related Mortgaged
      Property;

    (k)  Disbursements
      of Proceeds.  The proceeds of the Mortgage Loan have been fully
      disbursed, and there is no requirement for future advances thereunder, and
      any
      and all requirements as to completion of any on-site or off-site improvement
      and
      as to disbursements of any escrow funds therefore have been complied
      with.  All costs, fees and expenses incurred in making or closing the
      Mortgage Loan and recording the Mortgage were paid, and the Mortgagor is not
      entitled to any refund of any amounts paid or due under the Mortgage Note or
      Mortgage;

     

    (l)  Sole
      Owner.  Countrywide is the sole owner and holder of the Mortgage
      Loan.  The Mortgage Loan is not assigned or pledged, and Countrywide
      has good and marketable title thereto, and has full right to transfer and sell
      the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity,
      lien, pledge, charge, claim or security interest and has full right and
      authority subject to no interest or participation of, or agreement with, any
      other party, to sell and assign each Mortgage Loan pursuant to the terms of
      this
      Agreement;

     

    (m)  Title
      Insurance.  Each Mortgage Loan that is a First Lien Mortgage Loan
      and each Mortgage Loan that is a Second Lien Mortgage Loan with an original
      principal balance greater than $100,000, in either case, is covered by a
      lender’s title insurance policy acceptable to an Agency, issued by a title
      insurer acceptable to an Agency and qualified to do business in the jurisdiction
      where the related Mortgaged Property is located, insuring (subject to the
      exceptions contained in Section 3.02(j)(i), (ii) and (iii) above) Countrywide,
      its successors and assigns as to the first or second priority lien of the
      Mortgage, as applicable.  Additionally, such lender’s title insurance
      policy affirmatively insures ingress and egress, and against encroachments
      by or
      upon the Mortgaged Property or any interest therein.  With respect to
      any Adjustable Rate Mortgage Loan, such title insurance policy insures against
      any loss by reason of the invalidity or unenforceability of the lien resulting
      from the provisions of the Mortgage Note providing for adjustment of the
      Mortgage Interest Rate and Monthly Payment.  Countrywide is the sole
      insured of such lender’s title insurance policy, and such lender’s title
      insurance policy is in full force and effect and will be in full force and
      effect upon the consummation of the transactions contemplated by this
      Agreement.  No claims have been made under such lender’s title
      insurance policy, and no prior holder of the related Mortgage, including
      Countrywide, has done, by act or omission, anything which would impair the
      coverage of such lender’s title insurance policy;

     

    (n)  No
      Default.  There is no default, breach, violation or event of
      acceleration existing under the Mortgage or the Mortgage Note and no event
      which, with the passage of time or with notice and the expiration of any grace
      or cure period, would constitute a default, breach, violation or event of
      acceleration, and Countrywide has not waived any default, breach, violation
      or
      event of acceleration, and with respect to any Second Lien Mortgage Loan,
      Countrywide has not received a written notice of default of any senior mortgage
      loan related to the Mortgaged Property which has not been cured;

     

    (o)  No
      Mechanics’ Liens.  There are no mechanics’ or similar liens or
      claims which have been filed for work, labor or material (and no rights are
      outstanding that under law could give rise to such lien) affecting the related
      Mortgaged Property which are or may be liens prior to, or equal or coordinate
      with, the lien of the related Mortgage;

     

    (p)  Origination,
      Servicing and Collection Practices.  The origination, servicing
      and collection practices used by Countrywide with respect to each Mortgage
      Note
      and Mortgage have been in all respects legal, proper, prudent and customary
      in
      the mortgage origination and servicing business.  With respect to
      escrow deposits and Escrow Payments, if any, all such payments are in the
      possession of, or under the control of, Countrywide and there exist no
      deficiencies in connection therewith for which customary arrangements for
      repayment thereof have not been made.  No escrow deposits or Escrow
      Payments or other charges or payments due Countrywide have been capitalized
      under any Mortgage or the related Mortgage Note.  With respect to
      Adjustable Rate Mortgage Loans, all Mortgage Interest Rate adjustments have
      been
      made in strict compliance with state and federal law and the terms of the
      related Mortgage Note.  Any interest required to be paid pursuant to
      state and local law has been properly paid and credited;

     

    (q)  No
      Condemnation or Damage.  The Mortgaged Property is free of
      material damage and waste and there is no proceeding pending for the total
      or
      partial condemnation thereof;

     

    (r)  Customary
      and Enforceable Provisions.  The Mortgage contains customary and
      enforceable provisions such as to render the rights and remedies of the holder
      thereof adequate for the realization against the Mortgaged Property of the
      benefits of the security provided thereby including (a) in the case of a
      Mortgage designated as a deed of trust, by trustee’s sale, and (b) otherwise by
      judicial foreclosure;

     

    (s)  Collateral.  The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage;

     

    (t)  Appraisal.  Unless
      the Mortgage Loan was underwritten pursuant to one of Countrywide’s streamline
      documentation programs, the Credit File contains an appraisal of the related
      Mortgaged Property signed prior to the approval of the Mortgage Loan application
      by an appraiser who meets the minimum requisite qualifications of an Agency
      for
      appraisers, duly appointed by the originator, that had no interest, direct
      or
      indirect in the Mortgaged Property, and whose compensation is not affected
      by
      the approval or disapproval of the Mortgage Loan; the appraisal is in a form
      acceptable to an Agency, with such riders as are acceptable to such
      Agency.  All improvements which were considered in determining the
      Appraised Value of the related Mortgaged Property lay wholly within the
      boundaries and building restriction lines of the Mortgaged Property, and no
      improvements on adjoining properties encroach upon the Mortgaged Property.
      Each
      appraisal of the Mortgage Loan was made in accordance with the relevant
      provisions of the Financial Institutions Reform, Recovery, and Enforcement
      Act
      of 1989;

     

    (u)  Trustee
      for Deed of Trust.  In the event the Mortgage constitutes a deed
      of trust, a trustee, duly qualified under applicable law to serve as such,
      has
      been properly designated and currently so serves and is named in the Mortgage,
      and no fees or expenses are or will become payable by the Purchaser to the
      trustee under the deed of trust, except in connection with a trustee’s sale
      after default by the Mortgagor;

     

    (v)  Private
      Mortgage Insurance, FHA Insurance and VA Guarantees.  Each
      Mortgage Loan, except a Second Lien Mortgage Loan or a Mortgage Loan
      underwritten in accordance with sub-prime credit underwriting guidelines (as
      any
      such Mortgage Loans may be identified in the Mortgage Loan Schedule), with
      an
      LTV at origination in excess of eighty percent (80%) is and will be subject
      to a
      PMI Policy, which insures that portion of the Mortgage Loan over seventy-five
      percent (75%) of the Appraised Value of the related Mortgaged
      Property.  All provisions of such PMI Policy have been and are being
      complied with, such policy is in full force and effect, and all premiums due
      thereunder have been paid.  Any Mortgage subject to any such PMI
      Policy obligates the Mortgagor thereunder to maintain such insurance and to
      pay
      all premiums and charges in connection therewith or, in the case of a lender
      paid mortgage insurance policy, the premiums and charges are included in the
      Mortgage Interest Rate for the Mortgage Loan.  Each Government
      Mortgage Loan either has, or will have in due course, a valid and enforceable
      MIC or LGC, as applicable and, in each case, all premiums due thereunder have
      been paid;

     

    (w)  Lawfully
      Occupied.  At origination, to the best of Countrywide’s knowledge
      as of the Closing Date, the Mortgaged Property is lawfully occupied under
      applicable law.  All inspections, licenses and certificates required
      to be made or issued with respect to all occupied portions of the Mortgaged
      Property and, with respect to the use and occupancy of the same including
      certificates of occupancy, have been made or obtained from the appropriate
      authorities;

     

    (x)  Assignment
      of Mortgage.  Except for the absence of recording information, the
      Assignment of Mortgage is in recordable form and is acceptable for recording
      under the laws of the jurisdiction in which the Mortgaged Property is
      located.  The original Mortgage was or is being recorded and, unless
      the Mortgage Loan is subject to the MERS System, all subsequent assignments
      of
      the original Mortgage (other than the assignment to Purchaser) have been
      recorded in the appropriate jurisdiction wherein such recordation is necessary
      to perfect the lien thereof against creditors of Countrywide, or is in the
      process of being recorded;

     

    (y)  Consolidation
      of Future Advances.  Any future advances made to the Mortgagor
      prior to the Cut-off Date have been consolidated with the outstanding principal
      amount secured by the Mortgage, and the secured principal amount, as
      consolidated, bears a single interest rate and single repayment term. The
      consolidated principal amount does not exceed the original principal amount
      of
      the Mortgage Loan;

     

    (z)  Form
      of Mortgage Note and Mortgage.  The Mortgage Note and Mortgage are
      on forms acceptable to an Agency;

     

    (aa)  Section
      32 Loans.  No Mortgage Loan is (a) subject to the provisions of
      the Homeownership and Equity Protection Act of 1994 as amended (“HOEPA”), (b) a
“high cost” mortgage loan, “high risk” mortgage loan; “covered” mortgage loan or
“predatory” mortgage loan or a similarly classified mortgage loan using
      different terminology under a law imposing heightened regulatory scrutiny or
      additional legal liability for residential mortgage loans having high interest
      rates, points and /or fees, no matter how defined, under any federal, state
      or
      local law or ordinance, including, without limitation, Section 6-L of the New
      York Banking Law or (c) subject to any comparable federal, state or local
      statutes or regulations, including, without limitation, the provisions of the
      Georgia Fair Lending Act or any other statute or regulation providing assignee
      liability to holders of such mortgage loans;

     

    (bb)  Originator
      Supervision.  The Mortgage Loan was originated by Countrywide or
      by a savings bank, a commercial bank or similar banking institution which is
      supervised and examined by a federal or state authority, or by a mortgagee
      approved as such by the Secretary of HUD;

     

    (cc)  Foreclosure;
      Bankruptcy.  The Mortgaged Property has not been subject to any
      bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed
      for protection under applicable bankruptcy laws.  There is no
      homestead or other exemption available to the Mortgagor which would interfere
      with the right to sell the Mortgaged Property at a trustee’s sale or the right
      to foreclose the Mortgage.  Countrywide has no knowledge of any relief
      requested or allowed to the Mortgagor under the Soldiers and Sailors Civil
      Relief Act of 1940;

     

    (dd)  Payment
      Source; Buydown.  No Mortgage contains provisions pursuant to
      which Monthly Payments are (a) paid or partially paid with funds deposited
      in
      any separate account established by the Seller, the Mortgagor, or anyone on
      behalf of the Mortgagor, (b) paid by any source other than the Mortgagor or
      (c)
      contains any other similar provisions which may constitute a “buydown”
provision.  The Mortgage Loan is not a graduated payment mortgage loan
      and the Mortgage Loan does not have a shared appreciation or other contingent
      interest feature;

     

    (ee)  Construction;
      Exchange.  No Mortgage Loan was made solely in connection with (a)
      the construction or rehabilitation of a Mortgaged Property or (b) facilitating
      the trade-in or exchange of a Mortgaged Property.

     

    (ff)  Investment.  Countrywide
      has no knowledge of any circumstances or condition with respect to the Mortgage,
      the Mortgaged Property, the Mortgagor, or the Mortgagor’s credit standing that
      can reasonably be expected to cause the Mortgage Loan to be an unacceptable
      investment, cause the Mortgage Loan to become delinquent, or materially and
      adversely affect the value of the Mortgage Loan.

     

    (gg)  Accrual
      Method.  Interest on each Mortgage Loan is calculated on the basis
      of a 360-day year consisting of twelve 30-day months; and

     

    (hh)  Lending
      Practices.  No predatory, abusive or deceptive lending practices,
      including, but not limited to, the extension of credit to the Mortgagor without
      regard for the Mortgagor’s ability to repay the Mortgage Loan and the extension
      of credit to the Mortgagor which has no apparent benefit to the Mortgagor,
      were
      employed by the originator of the Mortgage Loan in connection with the
      origination of the Mortgage Loan;

     

    (ii)  Prepayment
      Charges.  Each Prepayment Charge or penalty with respect to any
      Mortgage Loan is permissible, enforceable and collectible under applicable
      federal, state and local law;

     

    (jj)  No
      Adverse Selection.  The Mortgage Loans were not selected from the
      outstanding one to four-family mortgage loans in Countrywide’s portfolio at the
      related Closing Date as to which the representations and warranties set forth
      in
      this Agreement could be made in a manner so as to affect adversely the interests
      of the Purchaser;

     

    (kk)  Due
      on
      Sale.  The Mortgage contains an enforceable provision for the
      acceleration of the payment of the unpaid principal balance of the Mortgage
      Loan
      in the event that the Mortgaged Property is sold or transferred without the
      prior written consent of the Mortgagee thereunder;

     

    (ll)  Legal
      Capacity.  To the best of Countrywide’s knowledge, all parties to
      the Mortgage Note and the Mortgage had legal capacity to enter into the Mortgage
      Loan and to execute and deliver the Mortgage Note and the Mortgage, and the
      Mortgage Note and the Mortgage have been duly and properly executed by such
      parties.  The Mortgagor is a natural person;

     

    (mm)  Doing
      Business.  Countrywide is, and to the best of Countrywide’s
      knowledge, all parties which have had any interest in the Mortgage Loan, whether
      as mortgagee, assignee, _heref or otherwise, are (or, during the period in
      which
      they held and disposed of such interest, were) in compliance with any and all
      applicable “doing business” and licensing requirements of the laws of the state
      wherein the Mortgaged Property is located;

     

    (nn)  Interest
      Rates; Amortization.  Except for a Mortgage Loan, the Monthly
      Payment of which consists of interest only for a specified period of time (and
      which Mortgage Loan is identified on the Mortgage Loan Schedule), principal
      payments on the Mortgage Loan commenced no more than sixty days after the
      proceeds of the Mortgage Loan were disbursed.  The Mortgage Loan bears
      interest at the Mortgage Interest Rate.  With respect to each Mortgage
      Loan other than an interest-only Mortgage Loan or Balloon Mortgage Loan, the
      Mortgage Note is payable on the first day of each month in Monthly Payments,
      which, in the case of a Fixed Rate Mortgage Loan, is sufficient to fully
      amortize the original principal balance over the original term thereof and
      to
      pay interest at the related Mortgage Interest Rate, and, in the case of an
      Adjustable Rate Mortgage Loan, is changed on each Adjustment Date and is
      sufficient to fully amortize the original principal balance over the original
      term thereof and to pay interest at the related Mortgage Interest Rate. With
      respect to each Mortgage Loan identified on the Mortgage Loan Schedule as an
      interest-only Mortgage Loan, the interest-only period shall not exceed the
      period specified on the Mortgage Loan Schedule and, following the expiration
      of
      such interest-only period, the remaining Monthly Payments shall be sufficient
      to
      fully amortize the original principal balance over the remaining term of the
      Mortgage Loan.  With respect to each Balloon Mortgage Loan, the
      Mortgage Note requires Monthly Payments sufficient to fully amortize the
      original principal balance over the original term thereof and to pay interest
      at
      the related Mortgage Interest Rate but requires a final Monthly Payment which
      is
      substantially greater than the penultimate Monthly Payment and sufficient to
      repay the remaining unpaid principal balance of the Balloon Mortgage Loan on
      the
      Due Date of such final Monthly Payment;

     

    (oo)  Underwriting
      Standards.  The Mortgage Loan was underwritten in accordance with
      the underwriting standards of Countrywide in effect at the time the Mortgage
      Loan was originated;

     

    (pp)  Disclosures.  The
      Mortgagor has received all disclosure materials required by applicable law
      with
      respect to the making of fixed rate mortgage loans in the case of Fixed Rate
      Mortgage Loans, and adjustable rate mortgage loans in the case of Adjustable
      Rate Mortgage Loans and rescission materials with respect to Refinanced Mortgage
      Loans, and such statement is and will remain in the Mortgage File;

     

    (qq)  No
      Fraud.  No error, omission, misrepresentation, fraud or similar
      occurrence with respect to a Mortgage Loan has taken place on the part of
      Countrywide or, to the best of Countrywide’s knowledge, any other person,
      including without limitation the Mortgagor, any appraiser, any builder or
      developer, or any other party involved in the origination of the Mortgage Loan
      or in the application of any insurance in relation to such Mortgage
      Loan;

     

    (rr)  Condominiums;
      Planned Unit Developments.  If the Residential Dwelling on the
      Mortgaged Property is a condominium unit or a unit in a planned unit development
      (other than a de minimis planned unit development) such condominium or planned
      unit development project meets the eligibility requirements of FNMA and
      FHLMC;

     

    (ss)  No
      Credit Life.  No Mortgagor was required to purchase any credit
      life, disability, accident or health insurance product as a condition of
      obtaining the extension of credit.  No proceeds from any Mortgage Loan
      were used to purchase single premium credit insurance policies as a condition
      to
      closing such Mortgage Loan;

     

    (tt)  Disclosure
      of Fees and Charges.  All fees and charges (including finance
      charges), whether or not financed, assessed, collected or to be collected in
      connection with the origination and servicing of a Mortgage Loan, have been
      disclosed in writing to the Mortgagor in accordance with applicable state and
      federal law and regulation;

     

    (uu)  Compliance
      with Consumer Credit Statutes.  The Mortgage Loan complies with
      all applicable consumer credit statutes and regulations, including, without
      limitation, the respective Uniform Consumer Credit Code laws in effect in
      Colorado, Idaho, Indiana, Iowa, Kansas, Maine, Oklahoma, South Carolina, Utah
      and Wyoming, has been originated by a properly licensed entity, and in all
      other
      respects, complies with all of the material requirements of any such applicable
      laws;

     

    (vv)  No
      Coops, Commercial Property or Mobile Homes.  No Mortgage Loan is
      secured by cooperative housing, commercial property or mixed use property,
      and
      no Mortgage Loan is a manufactured or mobile home;

     

    (ww)  Fair
      Credit Reporting.  Countrywide has fully furnished and will
      continue to furnish, in accordance with the Fair Credit Reporting Act and its
      implementing regulations (the “FCRA”), accurate and complete information (i.e.,
      favorable and unfavorable) on its Mortgagor credit files to Equifax, Experian,
      and Trans Union Credit Information Company (three of the credit repositories),
      on a monthly basis, and will fully furnish, in accordance with the FCRA,
      accurate and complete information (i.e., favorable and unfavorable) on its
      mortgagor credit files to Equifax, Experian, and Trans Union Credit Information
      Company, on a monthly basis;

     

    (xx)  Privacy.  With
      regard to each Mortgagor, Countrywide shall at all times comply with all laws
      and regulations regarding use, disclosure and safeguarding of any and all
      customer information, including without limitation the Gramm Leach Bliley Act,
      the Fair Credit Reporting Act and Regulation P.  Countrywide has
      implemented or will implement appropriate measures designed to meet the
      objectives of the Interagency Guidelines Establishing Standards for Safeguarding
      Customer Information, 12 CFR Part 30 Appendix B, and has been and continues
      to
      be engaged in reviewing its information security program, training of staff,
      and
      testing of controls, systems and procedures as required by those
      guidelines;

     

    (yy)  Anti-Money
      Laundering Laws.  Countrywide has complied with all applicable
      anti-money laundering laws and regulations, including without limitation the
      USA
      Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”);
      Countrywide has established an anti-money laundering compliance program as
      required by the Anti-Money Laundering Laws, has conducted the requisite due
      diligence in connection with the origination of each Mortgage Loan for purposes
      of the Anti-Money Laundering Laws, including with respect to the legitimacy
      of
      the applicable Mortgagor and the origin of the assets used by the said Mortgagor
      to purchase the property in question, and maintains, and will maintain,
      sufficient information to identify the applicable Mortgagor for purposes of
      the
      Anti-Money Laundering Laws;

     

    (zz)  OFAC.  No
      Mortgage Loan is subject to nullification pursuant to Executive Order 13224,
      an
      no Mortgagor is subject to the provisions of such Executive Order;

     

    (aaa)  MOM
      Loans; Assignments.  With respect to each MOM Loan, a MIN has been
      assigned by MERS and such MIN is accurately provided on the Mortgage Loan
      Schedule.  The related Assignment of Mortgage to MERS has been duly
      and properly recorded, or has been delivered for recording to the applicable
      recording office;

     

    (bbb)  MOM
      Loans; No Notices of Liens.  With respect to each MOM Loan,
      Countrywide has not received any notice of liens or legal actions with respect
      to such Mortgage Loan and no such notices have been electronically posted by
      MERS;

     

    (ccc)  The
      Mortgage Note (or lost note affidavit with market standard indemnification),
      the
      Mortgage, the assignment of Mortgage and any other documents required to be
      delivered with respect to each Mortgage Loan have been delivered to the
      Purchaser all in compliance with the specific requirements of this Agreement.
      With respect to each Mortgage Loan, Countrywide is in possession of a complete
      Credit File except for such documents as have been delivered to the Purchaser
      or
      as otherwise permitted under this Agreement.  No more than 2% of the
      related Mortgage Loan Package may consist of lost note affidavits in lieu of
      Mortgage Notes; and

     

    (ddd)  Immediately
      prior to the payment of the Purchase Price for each Mortgage Loan, Countrywide
      was the owner of the related Mortgage and the indebtedness evidenced by the
      related Mortgage Note and upon the payment of the Purchase Price by the
      Purchaser, in the event that Countrywide or one of its affiliates retains record
      title, Countrywide or such affiliate shall retain such record title to each
      Mortgage, each related Mortgage Note and the related Mortgage Files with respect
      thereto in trust for the Purchaser as the owner thereof and only for the purpose
      of servicing and supervising or facilitating the servicing of each Mortgage
      Loan.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBIT
      D

    

    Representation
      and Warranties with Respect to the GreenPoint Mortgage
      Loans

    

    Except
      for “Mortgage Loans”, which shall mean the GreenPoint Mortgage Loans sold by the
      Seller to the Purchaser, all capitalized terms in this Exhibit D shall have
      the
      meanings ascribed to them in the GreenPoint Purchase Agreement.

    

    (i)  The
      information set forth in the related Mortgage Loan Schedule and the Mortgage
      Loan data delivered to the Purchaser on the Data Tape is complete, true and
      correct in all material respects;

     

    (ii)  The
      Mortgage Loan is in compliance with all requirements set forth in the related
      Confirmation, and the characteristics of the related Mortgage Loan Package
      as
      set forth in the related Confirmation are true and correct;

     

    (iii)  All
      payments required to be made up to the close of business on the Closing Date
      for
      such Mortgage Loan under the terms of the Mortgage Note have been made; the
      Seller has not advanced funds, or induced, solicited or knowingly received
      any
      advance of funds from a party other than the owner of the related Mortgaged
      Property, directly or indirectly, for the payment of any amount required by
      the
      Mortgage Note or Mortgage.  No payment under the Mortgage Loan has
      been delinquent at any time since the origination of the Mortgage
      Loan;

     

    (iv)  There
      are
      no delinquent taxes, ground rents, water charges, sewer rents, assessments,
      insurance premiums, leasehold payments, including assessments payable in future
      installments or other outstanding charges affecting the related Mortgaged
      Property;

     

    (v)  The
      Mortgaged Property is located in the state identified in the related Mortgage
      Loan Schedule and is improved by a Residential Dwelling;

     

    (vi)  The
      terms
      of the Mortgage Note and the Mortgage have not been impaired, waived, altered
      or
      modified in any respect, except by written instruments, recorded in the
      applicable public recording office or registered with the MERS System if
      necessary to maintain the lien priority of the Mortgage, and which have been
      delivered to the Purchaser; the substance of any such waiver, alteration or
      modification has been approved by the insurer under the Primary Insurance Policy
      or LPMI Policy, if any, and the title insurer, to the extent required by the
      related policy, and is reflected on the related Mortgage Loan Schedule. No
      instrument of waiver, alteration or modification has been executed, and no
      Mortgagor has been released, in whole or in part, except in connection with
      an
      assumption agreement approved by the insurer under the Primary Insurance Policy
      or LPMI Policy, if any, the title insurer, to the extent required by the policy,
      and which assumption agreement has been delivered to the Purchaser and the
      terms
      of which are reflected in the related Mortgage Loan Schedule;

     

    (vii)  The
      Mortgage Note and the Mortgage are not subject to any right of rescission,
      set-off, counterclaim or defense, including the defense of usury, nor will
      the
      operation of any of the terms of the Mortgage Note and/or the Mortgage, or
      the
      exercise of any right thereunder, render the Mortgage unenforceable, in whole
      or
      in part, or subject to any right of rescission, set-off, counterclaim or
      defense, including the defense of usury and no such right of rescission,
      set-off, counterclaim or defense has been asserted with respect
      thereto;

     

    (viii)  All
      buildings upon the Mortgaged Property are insured by an insurer acceptable
      to
      FNMA and FHLMC against loss by fire, hazards of extended coverage and such
      other
      hazards as are customary in the area where the Mortgaged Property is located,
      pursuant to insurance policies conforming to the requirements of the Servicing
      Addendum.  All such insurance policies contain a standard mortgagee
      clause naming the Seller, its successors and assigns as mortgagee and all
      premiums thereon have been paid.  If the Mortgaged Property is in an
      area identified on a Flood Hazard Map or Flood Insurance Rate Map issued by
      the
      Federal Emergency Management Agency as having special flood hazards (and such
      flood insurance has been made available) a flood insurance policy meeting the
      requirements of the current guidelines of the Federal Insurance Administration
      is in effect which policy conforms to the requirements of FNMA and
      FHLMC.  The Mortgage obligates the Mortgagor thereunder to maintain
      all such insurance at the Mortgagor’s cost and expense, and on the Mortgagor’s
      failure to do so, authorizes the holder of the Mortgage to maintain such
      insurance at Mortgagor’s cost and expense and to seek reimbursement therefor
      from the Mortgagor;

     

    (ix)  Any
      and
      all requirements of any federal, state or local law including, without
      limitation, usury, truth in lending, real estate settlement procedures, consumer
      credit protection, equal credit opportunity, fair housing, disclosure laws
      or
      all predatory and abusive lending laws applicable to the origination and
      servicing of mortgage loans of a type similar to the Mortgage Loans have been
      complied with and the consummation of the transactions contemplated hereby
      will
      not involve the violation of any such laws, and the Seller shall maintain in
      its
      possession, available for the inspection of the Purchaser or its designee,
      and
      shall upon two Business Days’ request, evidence of compliance with such
      requirements;

     

    (x)  The
      Mortgage has not been satisfied, cancelled, subordinated or rescinded, in whole
      or in part, and the 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 satisfaction, cancellation, subordination, rescission
      or
      release;

     

    (xi)  The
      related Mortgage is properly recorded and is a valid, existing and enforceable
      (A) first lien and first priority security interest with respect to each
      Mortgage Loan which is indicated by the Seller to be a First Lien (as reflected
      on the Mortgage Loan Schedule), or (B) second lien and second priority security
      interest with respect to each Mortgage Loan which is indicated by the Seller
      to
      be a Second Lien (as reflected on the Mortgage Loan Schedule), in either case,
      on the Mortgaged Property, including all improvements on the Mortgaged Property
      subject only to (a) the lien of current real property taxes and assessments
      not
      yet due and payable, (b) covenants, conditions and restrictions, rights of
      way,
      easements and other matters of the public record as of the date of recording
      being acceptable to mortgage lending institutions generally and specifically
      referred to in the lender’s title insurance policy delivered to the originator
      of the Mortgage Loan and which do not adversely affect the Appraised Value
      of
      the Mortgaged Property, (c) other matters to which like properties are commonly
      subject which do not materially interfere with the benefits of the security
      intended to be provided by the Mortgage or the use, enjoyment, value or
      marketability of the related Mortgaged Property and (d) with respect to each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      (as reflected on the Mortgage Loan Schedule) a First Lien on the Mortgaged
      Property.  Any security agreement, chattel mortgage or equivalent
      document related to and delivered in connection with the Mortgage Loan
      establishes and creates a valid, existing and enforceable (A) first lien and
      first priority security interest with respect to each Mortgage Loan which is
      indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan
      Schedule) or (B) second lien and second priority security interest with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case,
      on
      the property described therein and the Seller has full right to sell and assign
      the same to the Purchaser.  The Mortgaged Property was not, as of the
      date of origination of the Mortgage Loan, subject to a mortgage, deed of trust,
      deed to secure debt or other security instrument creating a lien subordinate
      to
      the lien of the Mortgage;

     

    (xii)  The
      Mortgage Note and the related Mortgage are genuine and each is the legal, valid
      and binding obligation of the maker thereof, enforceable in accordance with
      its
      terms except as enforceability is limited by bankruptcy, insolvency or
      reorganization or other similar laws affecting the enforcement of the rights
      of
      creditors and general principals of equity, whether enforcement is sought in
      a
      proceeding in equity or at law;

     

    (xiii)  All
      parties to the Mortgage Note and the Mortgage had legal capacity to enter into
      the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage,
      and the Mortgage Note and the Mortgage have been duly and properly executed
      by
      such parties.  The Mortgagor is a natural person;

     

    (xiv)  The
      proceeds of the Mortgage Loan have been fully disbursed to or for the account
      of
      the Mortgagor and there is no obligation for the Mortgagee to advance additional
      funds thereunder and any and all requirements as to completion of any on-site
      or
      off-site improvement and as to disbursements of any escrow funds therefor have
      been complied with.  All costs, fees and expenses incurred in making
      or closing the Mortgage Loan and the recording of the Mortgage have been paid,
      and the Mortgagor is not entitled to any refund of any amounts paid or due
      to
      the Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    (xv)  The
      Seller is the sole legal, beneficial and equitable owner of the Mortgage Note
      and the Mortgage.  The Seller has full right and authority under all
      governmental and regulatory bodies having jurisdiction over such Seller, subject
      to no interest or participation of, or agreement with, any party, to transfer
      and sell the Mortgage Loan to the Purchaser pursuant to this Agreement free
      and
      clear of any encumbrance or right of others, equity, lien, pledge, charge,
      mortgage, claim, participation interest or security interest of any nature
      (collectively, a “Lien”); and immediately upon the transfers and assignments
      herein contemplated, the Seller shall have transferred and sold all of its
      right, title and interest in and to each Mortgage Loan and the Purchaser will
      hold good, marketable and indefeasible title to, and be the owner of, each
      Mortgage Loan subject to no Lien;

     

    (xvi)  All
      parties which have had any interest in the Mortgage Loan, whether as originator,
      mortgagee, assignee, pledgee or otherwise, are (or, during the period in which
      they held and disposed of such interest, were): (A) organized under the laws
      of
      such state, or (B) qualified to do business in such state, or (C) federal
      savings and loan associations or national banks having principal offices in
      such
      state, or (D) not doing business in such state so as to require qualification
      or
      licensing, or (E) not otherwise required to be licensed in such
      state.  All parties which have had any interest in the Mortgage Loan
      were in compliance with any and all applicable “doing business” and licensing
      requirements of the laws of the state wherein the Mortgaged Property is located
      or were not required to be licensed in such state;

     

    (xvii)  The
      Mortgage Loan is covered by an American Land Title Association (“ALTA”) ALTA
      lender’s title insurance policy (which, in the case of an Adjustable Rate
      Mortgage Loan has an adjustable rate mortgage endorsement in the form of ALTA
      6.0 or 6.1), issued by a title insurer acceptable to FNMA and FHLMC and
      qualified to do business in the jurisdiction where the Mortgaged Property is
      located, insuring (subject to the exceptions contained above in (xi)(a) and
      (b)
      and, with respect to each Mortgage Loan which is indicated by the Seller to
      be a
      Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause
      (d)) the Seller, its successors and assigns as to the first priority lien of
      the
      Mortgage in the original principal amount of the Mortgage Loan and, with respect
      to any Adjustable Rate Mortgage Loan, against any loss by reason of the
      invalidity or unenforceability of the lien resulting from the provisions of
      the
      Mortgage providing for adjustment in the Mortgage Interest Rate and Monthly
      Payment.  Additionally, such lender’s title insurance policy
      affirmatively insures ingress and egress to and from the Mortgaged Property,
      and
      against encroachments by or upon the Mortgaged Property or any interest
      therein.  The Seller is the sole insured of such lender’s title
      insurance policy, and such lender’s title insurance policy is in full force and
      effect and will be in full force and effect upon the consummation of the
      transactions contemplated by this Agreement.  No claims have been made
      under such lender’s title insurance policy, and no prior holder of the related
      Mortgage, including the Seller, has done, by act or omission, anything which
      would impair the coverage of such lender’s title insurance policy;

     

    (xviii)  There
      is
      no default, breach, violation or event of acceleration existing under the
      Mortgage or the Mortgage Note and no event which, with the passage of time
      or
      with notice and the expiration of any grace or cure period, would constitute
      a
      default, breach, violation or event of acceleration, and the Seller has not
      waived any default, breach, violation or event of acceleration.  With
      respect to each Mortgage Loan which is indicated by the Seller to be a Second
      Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) (i) the First
      Lien is in full force and effect, (ii) there is no default, breach, violation
      or
      event of acceleration existing under such First Lien mortgage or the related
      mortgage note, (iii) no event which, with the passage of time or with notice
      and
      the expiration of any grace or cure period, would constitute a default, breach,
      violation or event of acceleration thereunder, and either (A) the First Lien
      mortgage contains a provision which allows or (B) applicable law requires,
      the
      mortgagee under the Second Lien Mortgage Loan to receive notice of, and affords
      such mortgagee an opportunity to cure any default by payment in full or
      otherwise under the First Lien mortgage;

     

    (xix)  There
      are
      no mechanics’ or similar liens or claims which have been filed for work, labor
      or material (and no rights are outstanding that under law could give rise to
      such lien) affecting the related Mortgaged Property which are or may be liens
      prior to, or equal or coordinate with, the lien of the related
      Mortgage;

     

    (xx)  All
      improvements which were considered in determining the Appraised Value of the
      related Mortgaged Property lay wholly within the boundaries and building
      restriction lines of the Mortgaged Property, and no improvements on adjoining
      properties encroach upon the Mortgaged Property;

     

    (xxi)  The
      Mortgage Loan was originated by the Seller or by a savings and loan association,
      a savings bank, a commercial bank or similar banking institution which is
      supervised and examined by a federal or state authority, or by a mortgagee
      approved as such by the Secretary of HUD;

     

    (xxii)  Payments
      on the Mortgage Loan shall commence (with respect to any newly originated
      Mortgage Loans) or commenced no more than sixty days after the proceeds of
      the
      Mortgage Loan were disbursed.  The Mortgage Loan bears interest at the
      Mortgage Interest Rate.  With respect to each Mortgage Loan, the
      Mortgage Note is payable on the first day of each month in Monthly Payments,
      which, (A) in the case of a Fixed Rate Mortgage Loan, are sufficient to fully
      amortize the original principal balance over the original term thereof and
      to
      pay interest at the related Mortgage Interest Rate, and (B) in the case of
      an
      Adjustable Rate Mortgage Loan, are changed on each Adjustment Date, and in
      any
      case, are sufficient to fully amortize the original principal balance over
      the
      original term thereof and to pay interest at the related Mortgage Interest
      Rate.  The Index for each Adjustable Rate Mortgage Loan is as defined
      in the related Mortgage Loan Schedule.  With respect to each Mortgage
      Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage
      Loan,
      the interest-only period shall not exceed the period specified on the Mortgage
      Loan Schedule and following the expiration of such interest-only period, the
      remaining Monthly Payments shall be sufficient to fully amortize the original
      principal balance over the remaining term of the Mortgage Loan.  The
      Mortgage Note does not permit negative amortization.  No Mortgage Loan
      is a Convertible Mortgage Loan;

     

    (xxiii)  The
      origination and collection practices used by the Seller with respect to each
      Mortgage Note and Mortgage have been in all respects legal, proper, prudent
      and
      customary in the mortgage origination and servicing industry.  The
      Mortgage Loan has been serviced by the Seller and any predecessor servicer
      in
      accordance with all applicable laws, rules and regulations, the terms of the
      Mortgage Note and Mortgage, and the FNMA and FHLMC servicing
      guides.  With respect to escrow deposits and Escrow Payments (other
      than with respect to each Mortgage Loan which is indicated by the Seller to
      be a
      Second Lien Mortgage Loan and for which the mortgagee under the First Lien
      is
      collecting Escrow Payments (as reflected on the Mortgage Loan Schedule)), if
      any, all such payments are in the possession of, or under the control of, the
      Seller and there exist no deficiencies in connection therewith for which
      customary arrangements for repayment thereof have not been made.  No
      escrow deposits or Escrow Payments or other charges or payments due the Seller
      have been capitalized under any Mortgage or the related Mortgage Note and no
      such escrow deposits or Escrow Payments are being held by the Seller for any
      work on a Mortgaged Property which has not been completed;

     

    (xxiv)  The
      Mortgaged Property is free of damage and waste and is in good repair, and there
      is no proceeding pending or, to the best of the Seller’s knowledge, threatened
      for the total or partial condemnation thereof nor is such a proceeding currently
      occurring;

     

    (xxv)  The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      such as to render the rights and remedies of the holder thereof adequate for
      the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (a) in the case of a Mortgage designated as a
      deed
      of trust, by trustee’s sale, and (b) otherwise by judicial
      foreclosure.  The Mortgaged Property has not been subject to any
      bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed
      for protection under applicable bankruptcy laws.  There is no
      homestead or other exemption available to the Mortgagor which would interfere
      with the right to sell the Mortgaged Property at a trustee’s sale or the right
      to foreclose the Mortgage;

     

    (xxvi)  The
      Mortgagor has not notified the Seller and the Seller has no knowledge of any
      relief requested or allowed to the Mortgagor under the Servicemembers Civil
      Relief Act;

     

    (xxvii)  The
      Mortgage Loan was underwritten in accordance with the Underwriting Guidelines
      of
      the Seller in effect at the time the Mortgage Loan was originated; and the
      Mortgage Note and Mortgage are on forms acceptable to FNMA and
      FHLMC;

     

    (xxviii)  The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage on the Mortgaged Property and the security
      interest of any applicable security agreement or chattel mortgage referred
      to in
      (xi) above;

     

    (xxix)  The
      Mortgage File contains an appraisal of the related Mortgaged Property which,
      (a)
      with respect to First Lien Mortgage Loans, was on appraisal form 1004 or form
      2055 with an interior inspection, or (b) with respect to Second Lien Mortgage
      Loans, was on appraisal form 704, 2065 or 2055 with an exterior only inspection,
      and (c) with respect to (a) or (b) above, was made and signed, prior to the
      approval of the Mortgage Loan application, by a qualified appraiser, duly
      appointed by the Seller, who had no interest, direct or indirect in the
      Mortgaged Property or in any loan made on the security thereof, whose
      compensation is not affected by the approval or disapproval of the Mortgage
      Loan
      and who met the minimum qualifications of FNMA and FHLMC.  Each
      appraisal of the Mortgage Loan was made in accordance with the relevant
      provisions of the Financial Institutions Reform, Recovery, and Enforcement
      Act
      of 1989;

     

    (xxx)  In
      the
      event the Mortgage constitutes a deed of trust, a trustee, duly qualified under
      applicable law to serve as such, has been properly designated and currently
      so
      serves and is named in the Mortgage, and no fees or expenses are or will become
      payable by the Purchaser to the trustee under the deed of trust, except in
      connection with a trustee’s sale after default by the Mortgagor;

     

    (xxxi)  No
      Mortgage Loan is a Buydown Mortgage Loan.

     

    (xxxii)  The
      Mortgage Loan is not a graduated payment mortgage loan or a balloon Mortgage
      Loan, and the Mortgage Loan does not have a shared appreciation or other
      contingent interest feature;

     

    (xxxiii)  The
      Mortgagor has executed a statement to the effect that the Mortgagor has received
      all disclosure materials required by applicable law with respect to the making
      of fixed rate mortgage loans in the case of Fixed Rate Mortgage Loans, and
      adjustable rate mortgage loans in the case of Adjustable Rate Mortgage Loans
      and
      rescission materials with respect to Refinanced Mortgage Loans, and such
      statement is and will remain in the Mortgage File;

     

    (xxxiv)  No
      Mortgage Loan was made in connection with (a) the construction or rehabilitation
      of a Mortgaged Property or (b) facilitating the trade-in or exchange of a
      Mortgaged Property;

     

    (xxxv)  The
      Seller has no knowledge of any circumstances or condition with respect to the
      Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor’s credit
      standing that can reasonably be expected to cause the Mortgage Loan to be an
      unacceptable investment, cause the Mortgage Loan to become delinquent, cause
      the
      Mortgage Loan to not be paid in full when due, or adversely affect the value
      of
      the Mortgage Loan;

     

    (xxxvi)  With
      respect to any Mortgage Loan with an original Loan-to-Value Ratio greater than
      80%, the Mortgage Loan will be insured by a Primary Insurance Policy, issued
      by
      a Qualified Insurer, which insures that portion of the Mortgage Loan in excess
      of the portion of the Appraised Value of the Mortgaged Property required by
      FNMA.  All provisions of such Primary Insurance Policy have been and
      are being complied with, such policy is in full force and effect, and all
      premiums due there under have been paid.  Any Mortgage subject to any
      such Primary Insurance Policy obligates the Mortgagor there under to maintain
      such insurance and to pay all premiums and charges in connection
      therewith.  The Mortgage Interest Rate for the Mortgage Loan does not
      include any such insurance premium.  If a Mortgage Loan is identified
      on the Mortgage Loan Schedule as subject to a Lender Paid Mortgage Insurance
      Policy, such policy insures that portion of the Mortgage Loan set forth in
      the
      LPMI Policy.  All provisions of any such LPMI Policy have been and are
      being complied with, such policy is in full force and effect, and all premiums
      due there under have been paid.  The Mortgage Interest Rate for the
      Mortgage Loan does not include the insurance premium for any LPMI
      Policy;

     

    (xxxvii)  The
      Mortgaged Property is lawfully occupied under applicable law; all inspections,
      licenses and certificates required to be made or issued with respect to all
      occupied portions of the Mortgaged Property and, with respect to the use and
      occupancy of the same, including but not limited to certificates of occupancy
      and fire underwriting certificates, have been made or obtained from the
      appropriate authorities.  No improvement located on or being part of
      any Mortgaged Property is in violation of any applicable zoning and subdivision
      law, ordinance  or regulation;

     

    (xxxviii)  No
      error,
      omission, misrepresentation, negligence, fraud or similar occurrence with
      respect to a Mortgage Loan has taken place on the part of any person, including
      without limitation the Mortgagor, any appraiser, any builder or developer,
      or
      any other party involved in the origination of the Mortgage Loan or in the
      application of any insurance in relation to such Mortgage Loan;

     

    (xxxix)  Each
      original Mortgage was recorded and all subsequent assignments of the original
      Mortgage (other than the assignment to the Purchaser) have been recorded, or
      are
      in the process of being recorded, in the appropriate jurisdictions wherein
      such
      recordation is necessary to perfect the lien thereof as against creditors of
      the
      Seller. As to any Mortgage Loan which is not a MERS Mortgage Loan, the
      Assignment of Mortgage is in recordable form and is acceptable for recording
      under the laws of the jurisdiction in which the Mortgaged Property is
      located;

     

    (xl)  Any
      principal advances made to the Mortgagor prior to the Cut-off Date have been
      consolidated with the outstanding principal amount secured by the Mortgage,
      and
      the secured principal amount, as consolidated, bears a single interest rate
      and
      single repayment term reflected on the Mortgage Loan Schedule.  The
      lien of the Mortgage securing the consolidated principal amount is expressly
      insured as having (A) first lien priority with respect to each Mortgage Loan
      which is indicated by the Seller to be a First Lien (as reflected on the
      Mortgage Loan Schedule), or (B) second lien priority with respect to each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      (as reflected on the Mortgage Loan Schedule), in either case, by a title
      insurance policy, an endorsement to the policy insuring the mortgagee’s
      consolidated interest or by other title evidence acceptable to FNMA and
      FHLMC.  The consolidated principal amount does not exceed the original
      principal amount of the Mortgage Loan;

     

    (xli)  If
      the
      Residential Dwelling on the Mortgaged Property is a condominium unit or a unit
      in a planned unit development (other than a de minimis planned unit development)
      such condominium or planned unit development project meets the eligibility
      requirements of FNMA and FHLMC;

     

    (xlii)  Each
      Mortgage Loan originated in the state of Texas pursuant to Article XVI, Section
      50(a)(6) of the Texas Constitution (a “Texas Refinance Loan”) has been
      originated in compliance with the provisions of Article XVI, Section 50(a)(6)
      of
      the Texas Constitution, Texas Civil Statutes and the Texas Finance
      Code.  With respect to each Texas Refinance Loan that is a Cash Out
      Refinancing, the related Mortgage Loan Documents state that the Mortgagor may
      prepay such Texas Refinance Loan in whole or in part without incurring a
      Prepayment Charge.  The Seller does not collect any such Prepayment
      Charges in connection with any such Texas Refinance Loan;

     

    (xliii)  Interest
      on each Mortgage Loan is calculated on the basis of a 360-day year consisting
      of
      twelve 30-day months;

     

    (xliv)  The
      Mortgaged Property is in material compliance with all applicable environmental
      laws pertaining to environmental hazards including, without limitation,
      asbestos, and neither the Seller nor, to the Seller’s knowledge, the related
      Mortgagor, has received any notice of any violation or potential violation
      of
      such law;

     

    (xlv)  The
      Seller shall, at its own expense, cause each Mortgage Loan to be covered by
      a
“life of loan” Tax Service Contract which is assignable to the Purchaser or its
      designee at no cost to the Purchaser or its designee; provided however, that
      if
      the Seller fails to purchase such Tax Service Contract, the Seller shall be
      required to reimburse the Purchaser for all costs and expenses incurred by
      the
      Purchaser in connection with the purchase of any such Tax Service
      Contract;

     

    (xlvi)  Each
      Mortgage Loan is covered by a “life of loan” Flood Zone Service Contract which
      is assignable to the Purchaser or its designee at no cost to the Purchaser
      or
      its designee or, for each Mortgage Loan not covered by such Flood Zone Service
      Contract, the Seller agrees to purchase such Flood Zone Service
      Contract;

     

    (xlvii)  None
      of
      the Adjustable Rate Mortgage Loans include an option to convert to a Fixed
      Rate
      Mortgage Loan;

     

    (xlviii)  No
      selection procedures were used by the Seller that identified the Mortgage Loans
      as being less desirable or valuable than other comparable mortgage loans in
      the
      Seller’s portfolio;

     

    (xlix)  The
      Loan-to-Value Ratio of any Mortgage Loan at origination was not more than 95%
      and the CLTV of any Mortgage Loan at origination was not more than
      100%;

     

    (l)  Each
      Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of
      the Code and Treasury Regulation Section 1.860G-2(a)(1);

     

    (li)  No
      Mortgage Loan is (a) subject to, covered by or in violation of the provisions
      of
      the Homeownership and Equity Protection Act of 1994, as amended (“HOEPA”), (b) a
“high cost”, “covered”, “abusive”, “predatory”, “home loan”, “Section 10” or
“high risk” mortgage loan (or a similarly designated loan using different
      terminology) under any federal, state or local law, or any other statute or
      regulation providing assignee liability to holders of such mortgage loans,
      or
      (c) subject to or in violation of any such or comparable federal, state or
      local
      statutes or regulations, (d) no Mortgage Loan is a high cost loan or a covered
      loan, as applicable (as such terms are defined in Standard & Poor’s LEVELS
      Version 5.6 Glossary Revised, Appendix E as of the related Closing
      Date).

     

    (lii)  Each
      Mortgage Loan has a valid and original Credit Score, with a minimum Credit
      Score
      as set forth in the related Commitment Letter;

     

    (liii)  No
      Mortgage Loan had an original term to maturity of more than thirty (30)
      years;

     

    (liv)  No
      Mortgagor is the obligor on more than two Mortgage Notes;

     

    (lv)  Each
      Mortgage contains a provision for the acceleration of the payment of the unpaid
      principal balance of the related Mortgage Loan in the event the related
      Mortgaged Property is sold without the prior consent of the mortgagee
      thereunder;

     

    (lvi)  With
      respect to each Mortgage Loan which is a Second Lien, (i) the related first
      lien
      does not provide for negative amortization, and (ii) either no consent for
      the
      Mortgage Loan is required by the holder of the first lien or such consent has
      been obtained and is contained in the Mortgage File;

     

    (lvii)  No
      Mortgage Loan originated prior to October 1, 2002 has a Prepayment Charge longer
      than five years after its origination;

     

    (lviii)  The
      Mortgage Loan Documents with respect to each Mortgage Loan subject to Prepayment
      Charges specifically authorizes such Prepayment Charges to be collected, such
      Prepayment Charges are permissible and enforceable in accordance with the terms
      of the related Mortgage Loan Documents and all applicable federal, state and
      local laws (except to the extent that the enforceability thereof may be limited
      by bankruptcy, insolvency, moratorium, receivership and other similar laws
      relating to creditors’ rights generally or the collectability thereof may be
      limited due to acceleration in connection with a foreclosure) and each
      Prepayment Charge was originated in compliance with all applicable federal,
      state and local laws;

     

    (lix)  With
      respect to any Mortgage Loan that contains a provision permitting imposition
      of
      a Prepayment Charge upon a Principal Prepayment prior to maturity: (i) prior
      to
      the Mortgage Loan’s origination, the Mortgagor agreed to such Prepayment Charge
      in exchange for a monetary benefit, including but not limited to a Mortgage
      Interest Rate or fee reduction, (ii) prior to the Mortgage Loan’s origination,
      the Mortgagor was offered the option of obtaining a Mortgage Loan that did
      not
      require payment of a Prepayment Charge, (iii) the Prepayment Charge is disclosed
      to the Mortgagor in the Mortgage Loan Documents pursuant to applicable state
      and
      federal law, (iv) for Mortgage Loans originated on or after September 1, 2004,
      the duration of the prepayment period shall not exceed three (3) years from
      the
      date of the Mortgage Note, unless the Mortgage Loan was modified to reduce
      the
      prepayment period to no more than five years from the date of the Mortgage
      Note
      and the Mortgagor was notified in writing of such reduction in the prepayment
      period, and (v) notwithstanding any state or federal law to the contrary,
      the  Seller shall not impose such Prepayment Charge in any instance
      when the Mortgage debt is accelerated as the result of the Mortgagor’s default
      in making the Monthly Payments;

     

    (lx)  No
      Mortgagor was required to purchase any credit life, disability, accident or
      health insurance product or debt cancellation agreement as a condition of
      obtaining the extension of credit.  No Mortgagor obtained a prepaid
      single premium credit life, disability, accident or health insurance policy
      in
      connection with the origination of the Mortgage Loan, and no proceeds from
      any
      Mortgage Loan were used to finance single-premium credit insurance policies
      or
      debt cancellation agreements as part of the origination of, or as a condition
      to
      closing, such Mortgage Loan;

     

    (lxi)  No
      Mortgage Loan originated or modified on or after October 1, 2002 and prior
      to
      March 7, 2003 is secured by a Mortgaged Property located in the State of
      Georgia;

     

    (lxii)  The
      Seller and any predecessor servicer has fully furnished, in accordance with
      the
      Fair Credit Reporting Act and its implementing regulations, accurate and
      complete information (e.g., favorable and unfavorable) on its borrower credit
      files to Equifax, Experian and Trans Union Credit Information Company (three
      of
      the credit repositories) on a monthly basis; and the Seller will fully furnish,
      in accordance with the Fair Credit Reporting Act and its implementing
      regulations, accurate and complete information (e.g., favorable and unfavorable)
      on its borrower credit files to Equifax, Experian and Trans Credit Information
      Company (three of the credit repositories), on a monthly basis;

     

    (lxiii)  No
      predatory, abusive or deceptive lending practices, including but not limited
      to,
      the extension of credit to a Mortgagor without regard for the Mortgagor’s
      ability to repay the Mortgage Loan and the extension of credit to a Mortgagor
      which has no tangible net benefit to the Mortgagor, were employed in connection
      with the origination of the Mortgage Loan.  Each Mortgage Loan is in
      compliance with the anti-predatory lending eligibility for purchase requirements
      of FNMA’s Selling Guide;

     

    (lxiv)  The
      Seller has complied with all applicable anti-money laundering laws and
      regulations, including without limitation the USA Patriot Act of 2001
      (collectively, the “Anti-Money Laundering Laws”).  The Seller has
      established an anti-money laundering compliance program as required by the
      Anti-Money Laundering Laws, has conducted the requisite due diligence in
      connection with the origination of each Mortgage Loan for purposes of the
      Anti-Money Laundering Laws, including with respect to the legitimacy of the
      applicable Mortgagor and the origin of the assets used by the said Mortgagor
      to
      purchase the property in question, and maintains, and will maintain, sufficient
      information to identify the applicable Mortgagor for purposes of the Anti-Money
      Laundering Laws; no Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “blocked person” for
      purposes of the OFAC Regulations;

     

    (lxv)  No
      Mortgagor was encouraged or required to select a Mortgage Loan product offered
      by the Seller which is a higher cost product designed for less creditworthy
      borrowers, unless at the time of the related Mortgage Loan’s origination, such
      Mortgagor did not qualify taking into account credit history and debt to income
      ratios for a lower cost credit product then offered by the Seller or any
      affiliate of the Seller.  If, at the time of the related loan
      application, the Mortgagor may have qualified for a lower cost credit product
      then offered by any mortgage lending affiliate of the Seller, the Seller
      referred the Mortgagor’s application to such affiliate for underwriting
      consideration;

     

    (lxvi)  The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      employs objective mathematical principles which relate the Mortgagor’s income,
      assets and liabilities to the proposed payment and such underwriting methodology
      does not rely on the extent of the Mortgagor’s equity in the collateral as the
      principal determining factor in approving such credit extension.  Such
      underwriting methodology confirmed that at the time of origination
      (application/approval) the Mortgagor had a reasonable ability to make timely
      payments on the Mortgage Loan;

     

    (lxvii)  All
      points, fees and charges, including finance charges (whether or not financed,
      assessed, collected or to be collected), in connection with the origination
      and
      servicing of each Mortgage Loan were disclosed in writing to the related
      Mortgagor in accordance with applicable state and federal law and
      regulation.  Except in the case of a Mortgage Loan in an original
      principal amount of less than $60,000 which would have resulted in an
      unprofitable origination, no related Mortgagor was charged “points and fees”
(whether or not financed) in an amount greater than 5% of the principal amount
      of such loan, such 5% limitation is calculated in accordance with FNMA’s
      anti-predatory lending requirements as set forth in the FNMA Selling
      Guide;

     

    (lxviii)  The
      Seller will transmit full-file credit reporting data for each Mortgage Loan
      pursuant to Fannie Mae Guide Announcement 95-19 and for each Mortgage Loan,
      Company agrees it shall report one of the following statuses each month as
      follows: new origination, current, delinquent (30-, 60-, 90-days, etc.),
      foreclosed, or charged-off;

     

    (lxix)  No
      Mortgage Loan is a “manufactured housing loan” pursuant to the NJ Act, and one
      hundred percent of the amount financed of any purchase money Second Lien
      Mortgage Loan subject to the NJ Act was used for the purchase of the related
      Mortgaged Property;

     

    (lxx)  With
      respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such
      MIN
      is accurately provided on the related Mortgage Loan Schedule. The related
      assignment of Mortgage to MERS has been duly and properly recorded;

     

    (lxxi)  With
      respect to each MERS Mortgage Loan, the Seller has not received any notice
      of
      liens or legal actions with respect to such Mortgage Loan and no such notices
      have been electronically posted by MERS;

     

    (lxxii)  With
      respect to each Mortgage Loan, neither the related Mortgage nor the related
      Mortgage Note requires the Mortgagor to submit to arbitration to resolve any
      dispute arising out of or relating in any way to the Mortgage Loan
      transaction;

     

    (lxxiii)  With
      respect to any Mortgage Loan for which a mortgage loan application was submitted
      by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by a
      Mortgage Property located in the State of Illinois is in violation of the
      provisions of the Illinois Interest Act, including Section 4.1a which provides
      that no such Mortgage Loan with a Mortgage Interest Rate in excess of 8.0%
      per
      annum has lender-imposed fees (or other charges) in excess of 3.0% of the
      original principal balance of the Mortgage Loan;

     

    (lxxiv)  No
      Mortgage Loan is secured in whole or in part by the interest of the Mortgagor
      as
      a lessee under a ground lease of the related Mortgaged Property;

     

    (lxxv)  No
      Mortgage Loan originated on or after November 7, 2004 secured by a Mortgaged
      Property located in the State of Massachusetts is a Refinanced Mortgage Loan,
      or
      such Mortgage Loan is in the "borrower's interest," as documented by a
      "borrower's interest worksheet" for the particular Mortgage Loan, which
      worksheet incorporates the factors set forth in Massachusetts House Bill 4880
      (2004) and the regulations promulgated thereunder for determining "borrower's
      interest," and otherwise complies in all material respects with the laws of
      the
      Commonwealth of Massachusetts.

     

    (lxxvi)  The
      Mortgage Loan Documents and any other documents required to be delivered with
      respect to each Mortgage Loan have been delivered to the Purchaser all in
      compliance with the specific requirements of this Agreement;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      E

    

    Representation
      and Warranties with Respect to the HomeBanc Mortgage Loans

    

    Except
      for “Mortgage Loans”, which shall mean the HomeBanc Mortgage Loans sold by the
      Seller to the Purchaser, all capitalized terms in this Exhibit E shall have
      the
      meanings ascribed to them in the HomeBanc Purchase Agreement.

    

    The
      Seller hereby represents and warrants to the Purchaser that, as to each Mortgage
      Loan, as of the related Closing Date for such Mortgage Loan:

     

    i)  Mortgage
      Loans as Described.  The information set forth in the related
      Mortgage Loan Schedule and the Mortgage Loan data delivered to the Purchaser
      in
      the Data File is complete, true and correct. The Mortgage Loan is in compliance
      with all requirements set forth in the related Confirmation, and the
      characteristics of the related Mortgage Loan Package as set forth in the related
      Confirmation are true and correct;

     

    ii)  Payments
      Current. All payments required to be made up to the close of business on the
      Closing Date for such Mortgage Loan under the terms of the Mortgage Note have
      been made; unless a Mortgage Loan is a Buydown Mortgage Loan, the Seller has
      not
      advanced funds, or induced, solicited or knowingly received any advance of
      funds
      from a party other than the owner of the related Mortgaged Property, directly
      or
      indirectly, for the payment of any amount required by the Mortgage Note or
      Mortgage.  Unless otherwise set forth in the related Commitment Letter
      and Mortgage Loan Schedule, there has been no delinquency, exclusive of any
      period of grace, in any payment by the Mortgagor thereunder since the
      origination of the Mortgage Loan;

     

    iii)  No
      Outstanding Charges. There are no delinquent taxes, ground rents, water
      charges, sewer rents, assessments, insurance premiums, leasehold payments,
      including assessments payable in future installments or other outstanding
      charges affecting the related Mortgaged Property;

     

    iv)  Location
      and Type of Mortgaged Property. The Mortgaged Property is located in the
      state identified in the related Mortgage Loan Schedule and is improved by a
      Residential Dwelling;

     

    v)  Original
      Terms Unmodified. The terms of the Mortgage Note and the Mortgage have not
      been impaired, waived, altered or modified in any respect, except by written
      instruments, recorded in the applicable public recording office if necessary
      to
      maintain the lien priority of the Mortgage, and which have been delivered to
      the
      Purchaser; the substance of any such waiver, alteration or modification has
      been
      approved by the insurer under the Primary Insurance Policy or LPMI Policy,
      if
      any, and the title insurer, to the extent required by the related policy, and
      is
      reflected on the related Mortgage Loan Schedule. No instrument of waiver,
      alteration or modification has been executed, and no Mortgagor has been
      released, in whole or in part, except in connection with an assumption agreement
      approved by the insurer under the Primary Insurance Policy or LPMI Policy,
      if
      any, the title insurer, to the extent required by the policy, and which
      assumption agreement has been delivered to the Purchaser and the terms of which
      are reflected in the related Mortgage Loan Schedule;

     

    vi)  No
      Defenses.  The Mortgage Note and the Mortgage are not subject to
      any right of rescission, set off, counterclaim or defense, including the defense
      of usury, nor will the operation of any of the terms of the Mortgage Note and/or
      the Mortgage, or the exercise of any right thereunder, render the Mortgage
      unenforceable, in whole or in part, or subject to any right of rescission,
      set
      off, counterclaim or defense, including the defense of usury and no such right
      of rescission, set off, counterclaim or defense has been asserted with respect
      thereto;

     

    vii)  Conformance
      with Underwriting Guidelines and Agency Standards. The Mortgage Loan was
      underwritten in accordance with the Underwriting Guidelines of the Seller in
      effect at the time the Mortgage Loan was originated; and the Mortgage Note
      and
      Mortgage are on forms acceptable to Fannie Mae and Freddie Mac;

     

    viii)  Hazard
      Insurance. All buildings upon the Mortgaged Property are insured by a
      Qualified Insurer acceptable to Fannie Mae and Freddie Mac against loss by
      fire,
      hazards of extended coverage and such other hazards as are customary in the
      area
      where the Mortgaged Property is located, in an amount not less than the lesser
      of (i) 100% of the replacement cost of all improvements to the Mortgaged
      Property and (ii) either (A) the outstanding principal balance of the Mortgage
      Loan with respect to each first lien Mortgage Loan or (B) with respect to each
      Second Lien Mortgage Loan, the sum of the outstanding principal balance of
      the
      related first lien mortgage loan and the outstanding principal balance of the
      Second Lien Mortgage Loan; provided, however, in no event shall the amount
      of
      insurance be less than the amount necessary to avoid the operation of any
      co-insurance provisions with respect to the Mortgaged Property. All such
      insurance policies contain a standard mortgagee clause naming the Seller, its
      successors and assigns as mortgagee and all premiums thereon have been
      paid.  If the Mortgaged Property is in an area identified on a Flood
      Hazard Map or Flood Insurance Rate Map issued by the Federal Emergency
      Management Agency as having special flood hazards (and such flood insurance
      has
      been made available) a flood insurance policy meeting the requirements of the
      current guidelines of the Federal Insurance Administration is in effect which
      policy conforms to the requirements of Fannie Mae and Freddie
      Mac.  The Mortgage obligates the Mortgagor thereunder to maintain all
      such insurance at the Mortgagor’s cost and expense, and on the Mortgagor’s
      failure to do so, authorizes the holder of the Mortgage to maintain such
      insurance at Mortgagor’s cost and expense and to seek reimbursement therefor
      from the Mortgagor;

     

    ix)  Compliance
      with Applicable Laws. Any and all requirements of any federal, state or
      local law including, without limitation, usury, truth in lending, real estate
      settlement procedures, consumer credit protection, equal credit opportunity,
      fair housing, disclosure laws and all predatory, abusive and fair lending laws
      applicable to the origination and servicing of mortgage loans of a type similar
      to the Mortgage Loans have been complied with and the consummation of the
      transactions contemplated hereby will not involve the violation of any such
      laws, and the Seller shall maintain in its possession, available for the
      inspection of the Purchaser or its designee, and shall deliver to the Purchaser
      or its designee, upon two Business Days’ request, evidence of compliance with
      such requirements;

     

    x)  No
      Satisfaction of Mortgage. Subject to representation and warranty (xi) below,
      the Mortgage has not been satisfied, cancelled, subordinated or rescinded,
      in
      whole or in part, and the 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 satisfaction, cancellation, subordination, rescission
      or
      release;

     

    xi)  Valid
      Lien. The related Mortgage is properly recorded and is a valid, existing and
      enforceable (A) first lien and first priority security interest with respect
      to
      each Mortgage Loan which is indicated by the Seller to be a First Lien (as
      reflected on the Mortgage Loan Schedule), or (B) second lien and second priority
      security interest with respect to each Mortgage Loan which is indicated by
      the
      Seller to be a Second Lien (as reflected on the Mortgage Loan Schedule), in
      either case, on the Mortgaged Property, including all improvements on the
      Mortgaged Property subject only to (a) the lien of current real property taxes
      and assessments not yet due and payable, (b) covenants, conditions and
      restrictions, rights of way, easements and other matters of the public record
      as
      of the date of recording being acceptable to mortgage lending institutions
      generally and specifically referred to in the lender’s title insurance policy
      delivered to the originator of the Mortgage Loan and which do not adversely
      affect the Appraised Value of the Mortgaged Property, (c) other matters to
      which
      like properties are commonly subject which do not materially interfere with
      the
      benefits of the security intended to be provided by the Mortgage or the use,
      enjoyment, value or marketability of the related Mortgaged Property and (d)
      with
      respect to each Mortgage Loan which is indicated by the Seller to be a Second
      Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien
      on
      the Mortgaged Property.  Any security agreement, chattel mortgage or
      equivalent document related to and delivered in connection with the Mortgage
      Loan establishes and creates a valid, existing and enforceable (A) first lien
      and first priority security interest with respect to each Mortgage Loan which
      is
      indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan
      Schedule) or (B) second lien and second priority security interest with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case,
      on
      the property described therein and the Seller has full right to sell and assign
      the same to the Purchaser.  The Mortgaged Property was not, as of the
      date of origination of the Mortgage Loan, subject to a mortgage, deed of trust,
      deed to secure debt or other security instrument creating a lien subordinate
      to
      the lien of the Mortgage;

     

    xii)  Validity
      of Mortgage Loan Documents. The Mortgage Note and the related Mortgage are
      genuine and each is the legal, valid and binding obligation of the maker
      thereof, enforceable in accordance with its terms;

     

    xiii)  Legal
      Capacity. All parties to the Mortgage Note and the Mortgage had legal
      capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage
      Note and the Mortgage, and the Mortgage Note and the Mortgage have been duly
      and
      properly executed by such parties.  The Mortgagor is a natural
      person;

     

    xiv)  Full
      Disbursement of Proceeds. Except with respect to de minimis completion
      escrows, the proceeds of the Mortgage Loan have been fully disbursed to or
      for
      the account of the Mortgagor and there is no obligation for the Mortgagee to
      advance additional funds thereunder and any and all requirements as to
      completion of any on-site or off-site improvement and as to disbursements of
      any
      escrow funds therefor have been complied with.  All costs, fees and
      expenses incurred in making or closing the Mortgage Loan and the recording
      of
      the Mortgage have been paid, and the Mortgagor is not entitled to any refund
      of
      any amounts paid or due to the Mortgagee pursuant to the Mortgage Note or
      Mortgage;

     

    xv)  Ownership.
      The Seller is the sole legal, beneficial and equitable owner of the Mortgage
      Note and the Mortgage.  The Seller has full right and authority under
      all governmental and regulatory bodies having jurisdiction over such Seller,
      subject to no interest or participation of, or agreement with, any party, to
      transfer and sell the Mortgage Loan to the Purchaser pursuant to this Agreement
      free and clear of any encumbrance or right of others, equity, lien, pledge,
      charge, mortgage, claim, participation interest or security interest of any
      nature (collectively, a “Lien”); and immediately upon the transfers and
      assignments herein contemplated, the Seller shall have transferred and sold
      all
      of its right, title and interest in and to each Mortgage Loan and the Purchaser
      will hold good, marketable and indefeasible title to, and be the owner of,
      each
      Mortgage Loan subject to no Lien;

     

    xvi)  Doing
      Business. All parties which have had any interest in the Mortgage Loan,
      whether as originator, mortgagee, assignee, pledgee or otherwise, are (or,
      during the period in which they held and disposed of such interest, were):
      (A)
      organized under the laws of such state, or (B) qualified to do business in
      such
      state, or (C) federal savings and loan associations or national banks having
      principal offices in such state, or (D) not doing business in such state so
      as
      to require qualification or licensing, or (E) not otherwise required to be
      licensed in such state.  All parties which have had any interest in
      the Mortgage Loan were in compliance with any and all applicable “doing
      business” and licensing requirements of the laws of the state wherein the
      Mortgaged Property is located or were not required to be licensed in such
      state;

     

    xvii)  Title
      Insurance. The Mortgage Loan is covered by an American Land Title
      Association (“ALTA”) ALTA lender’s title insurance policy acceptable to Fannie
      Mae and Freddie Mac (which, in the case of an Adjustable Rate Mortgage Loan
      has
      an adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1), issued
      by a title insurer acceptable to Fannie Mae and Freddie Mac and qualified to
      do
      business in the jurisdiction where the Mortgaged Property is located, insuring
      (subject to the exceptions contained above in (xi)(a) and (b) and, with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (d)) the
      Seller, its successors and assigns as to the first priority lien of the Mortgage
      in the original principal amount of the Mortgage Loan and, with respect to
      any
      Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity
      or
      unenforceability of the lien resulting from the provisions of the Mortgage
      providing for adjustment in the Mortgage Interest Rate and Monthly
      Payment.  Additionally, such lender’s title insurance policy
      affirmatively insures ingress and egress to and from the Mortgaged Property,
      and
      against encroachments by or upon the Mortgaged Property or any interest
      therein.  The Seller is the sole insured of such lender’s title
      insurance policy, and such lender’s title insurance policy is in full force and
      effect and will be in full force and effect upon the consummation of the
      transactions contemplated by this Agreement.  No claims have been made
      under such lender’s title insurance policy, and no prior holder of the related
      Mortgage, including the Seller, has done, by act or omission, anything which
      would impair the coverage of such lender’s title insurance policy;

     

    xviii)  No
      Defaults. There is no default, breach, violation or event of acceleration
      existing under the Mortgage or the Mortgage Note and no event which, with the
      passage of time or with notice and the expiration of any grace or cure period,
      would constitute a default, breach, violation or event of acceleration, and
      the
      Seller has not waived any default, breach, violation or event of
      acceleration.  With respect to each Mortgage Loan which is indicated
      by the Seller to be a Second Lien Mortgage Loan (as reflected on the Mortgage
      Loan Schedule) (i) the First Lien is in full force and effect, (ii) there is
      no
      default, breach, violation or event of acceleration existing under such First
      Lien mortgage or the related mortgage note, (iii) no event which, with the
      passage of time or with notice and the expiration of any grace or cure period,
      would constitute a default, breach, violation or event of acceleration
      thereunder, and either (A) the First Lien mortgage contains a provision which
      allows or (B) applicable law requires, the mortgagee under the Second Lien
      Mortgage Loan to receive notice of, and affords such mortgagee an opportunity
      to
      cure any default by payment in full or otherwise under the First Lien
      mortgage;

     

    xix)  No
      Mechanics’ Liens. There are no mechanics’ or similar liens or claims which
      have been filed for work, labor or material (and no rights are outstanding
      that
      under law could give rise to such lien) affecting the related Mortgaged Property
      which are or may be liens prior to, or equal or coordinate with, the lien of
      the
      related Mortgage;

     

    xx)  Origination.
      The Mortgage Loan was originated by the Seller or by a savings and loan
      association, a savings bank, a commercial bank or similar banking institution
      which is supervised and examined by a federal or state authority, or by a
      mortgagee approved as such by the Secretary of HUD;

     

    xxi)  Payment
      Terms. Payments on the Mortgage Loan shall commence (with respect to any
      newly originated Mortgage Loans) or commenced no more than sixty days after
      the
      proceeds of the Mortgage Loan were disbursed.  The Mortgage Loan bears
      interest at the Mortgage Interest Rate.  With respect to each Mortgage
      Loan, the Mortgage Note is payable on the first day of each month in Monthly
      Payments, which, (A) in the case of a Fixed Rate Mortgage Loan, are sufficient
      to fully amortize the original principal balance over the original term thereof
      (other than with respect to a Mortgage Loan identified on the related Mortgage
      Loan Schedule as an interest-only Mortgage Loan during the interest-only period
      or a Mortgage Loan which is identified on the related Mortgage Loan Schedule
      as
      a Balloon Mortgage Loan)  and to pay interest at the related Mortgage
      Interest Rate, and (B) in the case of an Adjustable Rate Mortgage Loan, are
      changed on each Adjustment Date, and in any case, are sufficient to fully
      amortize the original principal balance over the original term thereof (other
      than with respect to a Mortgage Loan identified on the related Mortgage Loan
      Schedule as an interest-only Mortgage Loan during the interest-only period
      or a
      Mortgage Loan which is identified on the related Mortgage Loan Schedule as
      a
      Balloon Mortgage Loan) and to pay interest at the related Mortgage Interest
      Rate.  The Index for each Adjustable Rate Mortgage Loan is as defined
      in the related Mortgage Loan Schedule.  With respect to each Mortgage
      Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage
      Loan,
      the interest-only period shall not exceed the period specified on the Mortgage
      Loan Schedule and following the expiration of such interest-only period, the
      remaining Monthly Payments shall be sufficient to fully amortize the original
      principal balance over the remaining term of the Mortgage Loan.  With
      respect to each Balloon Mortgage Loan, the Mortgage Note requires a monthly
      payment which is sufficient to fully amortize the original principal balance
      over the original term thereof and to pay interest at the related Mortgage
      Interest Rate and requires a final Monthly Payment substantially greater than
      the preceding monthly payment which is sufficient to repay the remaining unpaid
      principal balance of the Balloon Mortgage Loan as of the Due Date of such
      Monthly Payment.  No Balloon Mortgage Loan has an original stated
      maturity of less than seven (7) years. The Mortgage Note does not permit
      negative amortization.  No Mortgage Loan had an original term to
      maturity of more than thirty (30) years;

     

    xxii)  Origination
      and Collection Practices; Escrow Deposits. The origination, servicing and
      collection practices used by the Seller with respect to each Mortgage Note
      and
      Mortgage, including without limitation the establishment, maintenance and
      servicing of the Escrow Accounts and Escrow Payments, if any, since origination
      have been in all respects legal, proper, prudent and customary in the mortgage
      origination and servicing industry.  The Mortgage Loan has been
      serviced by the Seller and any predecessor servicer in accordance with all
      applicable laws, rules and regulations, the terms of the Mortgage Note and
      Mortgage, and the Fannie Mae and Freddie Mac servicing guides.  With
      respect to escrow deposits and Escrow Payments (other than with respect to
      each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      and for which the mortgagee under the First Lien is collecting Escrow Payments
      (as reflected on the Mortgage Loan Schedule)), if any, all such payments are
      in
      the possession of, or under the control of, the Seller and there exist no
      deficiencies in connection therewith for which customary arrangements for
      repayment thereof have not been made.  No escrow deposits or Escrow
      Payments or other charges or payments due the Seller have been capitalized
      under
      any Mortgage or the related Mortgage Note and, except with respect to de minimis
      completion escrows, no such escrow deposits or Escrow Payments are being held
      by
      the Seller for any work on a Mortgaged Property which has not been
      completed;

     

    xxiii)  Mortgaged
      Property Undamaged. The Mortgaged Property is free of damage and waste and
      is in good repair, and there is no proceeding pending or, to the best of
      Seller’s knowledge, threatened for the total or partial condemnation thereof nor
      is such a proceeding currently occurring;

     

    xxiv)  Customary
      Provisions. The Mortgage and related Mortgage Note contain customary and
      enforceable provisions such as to render the rights and remedies of the holder
      thereof adequate for the realization against the Mortgaged Property of the
      benefits of the security provided thereby, including, (a) in the case of a
      Mortgage designated as a deed of trust, by trustee’s sale, and (b) otherwise by
      judicial foreclosure.  The Mortgaged Property has not been subject to
      any bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not
      filed for protection under applicable bankruptcy laws.  There is no
      homestead or other exemption available to the Mortgagor which would interfere
      with the right to sell the Mortgaged Property at a trustee’s sale or the right
      to foreclose the Mortgage;  The Mortgagor has not notified the Seller
      and the Seller has no knowledge of any relief requested or allowed to the
      Mortgagor under the Servicemembers Civil Relief Act;

     

    xxv)  Appraisal.
      Unless otherwise set forth on the Mortgage Loan Schedule, the Mortgage File
      contains an appraisal of the related Mortgaged Property which, (a) with respect
      to First Lien Mortgage Loans, was on appraisal form 1004 or form 2055 with
      an
      interior inspection, or (b) with respect to Second Lien Mortgage Loans, was
      on
      appraisal form 704, 2065 or 2055 with an exterior only inspection, and (c)
      with
      respect to (a) or (b) above, was made and signed, prior to the approval of
      the
      Mortgage Loan application, by an appraiser, duly appointed by the Seller, who
      had no interest, direct or indirect in the Mortgaged Property or in any loan
      made on the security thereof, whose compensation is not affected by the approval
      or disapproval of the Mortgage Loan and who met the minimum qualifications
      of
      Fannie Mae and Freddie Mac.  Each appraisal of the Mortgage Loan was
      made in accordance with the relevant provisions of the Financial Institutions
      Reform, Recovery, and Enforcement Act of 1989;

     

    xxvi)  Deeds
      of Trust. In the event the Mortgage constitutes a deed of trust, a trustee,
      duly qualified under applicable law to serve as such, has been properly
      designated and currently so serves and is named in the Mortgage, and no fees
      or
      expenses are or will become payable by the Purchaser to the trustee under the
      deed of trust, except in connection with a trustee’s sale after default by the
      Mortgagor;

     

    xxvii)  Construction
      or Rehabilitation of Mortgaged Property. No Mortgage Loan was made in
      connection with (a) the construction or rehabilitation of a Mortgaged Property
      other than construction-to-permanent mortgage loans which have been converted
      to
“permanent” mortgage loans or (b) facilitating the trade-in or exchange of a
      Mortgaged Property;

     

    xxviii)   LTV;
      CLTV. The Loan-to-Value Ratio of any Mortgage Loan at origination was not
      more than 100% and the CLTV of any Mortgage Loan at origination was not more
      than 100%;  Each Mortgage Loan (other than any Mortgage Loan
      underwritten pursuant to the Seller’s Subprime Underwriting Guidelines) with an
      original Loan-to-Value Ratio at origination greater than 80% is and will be
      subject to a Primary Insurance Policy, issued by a Qualified Insurer, which
      insures that portion of the Mortgage Loan in excess of the portion of the
      Appraised Value of the Mortgaged Property as required by Fannie
      Mae.  All provisions of such Primary Insurance Policy have been and
      are being complied with, such policy is in full force and effect, and all
      premiums due thereunder have been paid.  Any Mortgage subject to any
      such Primary Insurance Policy that is not an LPMI Policy obligates the Mortgagor
      thereunder to maintain such insurance and to pay all premiums and charges in
      connection therewith and the Mortgage Interest Rate for the Mortgage Loan does
      not include any such insurance premium.  If a Mortgage Loan is
      identified on the Mortgage Loan Schedule as subject to a Lender Paid Mortgage
      Insurance Policy, such policy insures that portion of the Mortgage Loan set
      forth in the LPMI Policy.  All provisions of any such LPMI Policy have
      been and are being complied with, such policy is in full force and effect,
      and
      all premiums due thereunder have been paid;

     

    xxix)   Occupancy
      of the Mortgaged Property. The Mortgaged Property is lawfully occupied under
      applicable law; all inspections, licenses and certificates required to be made
      or issued with respect to all occupied portions of the Mortgaged Property and,
      with respect to the use and occupancy of the same, including but not limited
      to
      certificates of occupancy and fire underwriting certificates, have been made
      or
      obtained from the appropriate authorities.  No improvement located on
      or being part of any Mortgaged Property is in violation of any applicable zoning
      and subdivision law, ordinance  or regulation;

     

    xxx)  No
      Error, Omission, Fraud etc. No error, omission, misrepresentation,
      negligence, fraud or similar occurrence with respect to a Mortgage Loan has
      taken place on the part of any person, including without limitation the
      Mortgagor, any appraiser, any builder or developer, or any other party involved
      in the origination of the Mortgage Loan or in the application of any insurance
      in relation to such Mortgage Loan;

     

    xxxi)  Consolidation
      of Advances; Lien Priority. Any principal advances made to the Mortgagor
      prior to the Cut-off Date have been consolidated with the outstanding principal
      amount secured by the Mortgage, and the secured principal amount, as
      consolidated, bears a single interest rate and single repayment term reflected
      on the Mortgage Loan Schedule.  The lien of the Mortgage securing the
      consolidated principal amount is expressly insured as having (A) first lien
      priority with respect to each Mortgage Loan which is indicated by the Seller
      to
      be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second
      lien
      priority with respect to each Mortgage Loan which is indicated by the Seller
      to
      be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule),
      in
      either case, by a title insurance policy, an endorsement to the policy insuring
      the mortgagee’s consolidated interest or by other title evidence acceptable to
      Fannie Mae and Freddie Mac.  The consolidated principal amount does
      not exceed the original principal amount of the Mortgage Loan;

     

    xxxii)   Environmental
      Matters. The Mortgaged Property is in material compliance with all
      applicable environmental laws pertaining to environmental hazards including,
      without limitation, asbestos, and neither the Seller nor, to the Seller’s
      knowledge, the related Mortgagor, has received any notice of any violation
      or
      potential violation of such law;

     

    xxxiii)   HOEPA.
      No Mortgage Loan is (a) subject to the provisions of the Homeownership and
      Equity Protection Act of 1994 as amended (“HOEPA”), or has an “annual percentage
      rate” or “total points and fees” payable by the borrower (as each such term is
      defined under HOEPA) that equal or exceed the applicable thresholds defined
      under HOEPA (Section 32 of Regulation Z, 12 C.F.R. Section 226.32(a)(1)(i)
      and
      (ii)), (b) a “high cost” mortgage loan, “covered” mortgage loan (excluding home
      loans defined as “covered home loans” in the New Jersey Home Ownership Security
      Act of 2002 that were originated between November 26, 2003 and July 7, 2004),
      “high risk home” mortgage loan, or “predatory” mortgage loan or any other
      comparable term, no matter how defined under any federal, state or local law,
      (c) subject to any comparable federal, state or local statutes or regulations,
      or any other statute or regulation providing for heightened regulatory scrutiny,
      assignee liability to holders of such mortgage loans or additional legal
      liability for mortgage loans having high interest rates, points and/or fees,
      or
      (d) a High Cost Loan or Covered Loan, as applicable (as such terms are defined
      in the current Standard & Poor’s LEVELS® Glossary Revised, Appendix
      E);

     

    xxxiv)   Due-On-Sale.
      Each Mortgage contains an enforceable provision for the acceleration of the
      payment of the unpaid principal balance of the related Mortgage Loan in the
      event the related Mortgaged Property is sold or transferred without the prior
      consent of the mortgagee thereunder;

     

    xxxv)  Second
      Liens. With respect to each Mortgage Loan which is a Second Lien, (i) the
      related First Lien does not provide for negative amortization, (ii) either
      no
      consent for the Mortgage Loan is required by the holder of the First Lien or
      such consent has been obtained and is contained in the Mortgage File and (iii)
      such Second Lien is on a Residential Dwelling that is (or will be) the principal
      residence of the Mortgagor upon origination of the Second Lien;

     

    xxxvi)  Prepayment
      Charges in Mortgage Loan Documents. The Mortgage Loan Documents with respect
      to each Mortgage Loan subject to Prepayment Charges specifically authorizes
      such
      Prepayment Charges to be collected, such Prepayment Charges are permissible
      and
      enforceable in accordance with the terms of the related Mortgage Loan Documents
      and all applicable federal, state and local laws (except to the extent that
      the
      enforceability thereof may be limited by bankruptcy, insolvency, moratorium,
      receivership and other similar laws relating to creditors’ rights generally or
      the collectability thereof may be limited due to acceleration in connection
      with
      a foreclosure) and each Prepayment Charge was originated in compliance with
      all
      applicable federal, state and local laws;

     

    xxxvii)   Compliance
      with Patriot Act. The Seller has complied with all applicable anti-money
      laundering laws and regulations (collectively, the “Anti-Money Laundering
      Laws”).  If required by the Anti-Money Laundering Laws, the Seller has
      established an anti-money laundering compliance program as required by the
      Anti-Money Laundering Laws, has conducted the requisite due diligence in
      connection with the origination of each Mortgage Loan for purposes of the
      Anti-Money Laundering Laws, including with respect to the legitimacy of the
      applicable Mortgagor and the origin of the assets used by the said Mortgagor
      to
      purchase the property in question, and maintains, and will maintain, sufficient
      information to identify the applicable Mortgagor for purposes of the Anti-Money
      Laundering Laws; no Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “blocked person” for
      purposes of the OFAC Regulations.;

     

    xxxviii)  MERS
      Mortgage Loans. No Mortgage Loan is a MERS Mortgage Loan;

     

    xxxix)  FACT
      Act.  The sale or transfer of the Mortgage Loan by the Seller
      complies with all applicable federal, state, and local laws, rules, and
      regulations governing such sale or transfer, including, without limitation,
      the
      Fair and Accurate Credit Transactions Act (“FACT Act”) and the Fair Credit
      Reporting Act, each as may be amended from time to time, and the Seller has
      not
      received any actual or constructive notice of any identity theft, fraud, or
      other misrepresentation in connection with such Mortgage Loan or any party
      thereto.

     

    xl)  Qualified
      Mortgage. Each Mortgage Loan constitutes a “qualified mortgage” under
      Section 860G(a)(3)(A) of the Code and Treasury Regulation Section
      1.860G-2(a)(1);

     

    xli)  Condos
      and PUDs. If the Residential Dwelling on the Mortgaged Property is a
      condominium unit or a unit in a planned unit development (other than a de
      minimis planned unit development) such condominium or planned unit development
      project meets the eligibility requirements of the Seller;

     

    xlii)  Appraised
      Value.  All improvements which were considered in determining the
      Appraised Value of the related Mortgaged Property lay wholly within the
      boundaries and building restriction lines of the Mortgaged Property, and no
      improvements on adjoining properties encroach upon the Mortgaged Property unless
      otherwise affirmatively insured under an ALTA lender’s title insurance policy
      issued in conformance with subsection (xvii) hereof;

     

    xliii)  No
      Additional Collateral. The Mortgage Note is not and has not been secured by
      any collateral except the lien of the corresponding Mortgage on the Mortgaged
      Property and the security interest of any applicable security agreement or
      chattel mortgage referred to in (xi) above;

     

    xliv)  Buydown
      Mortgage Loans. With respect to each Buydown Mortgage Loan:

     

    xlv)  (a)           On
      or before the date of origination of such Mortgage Loan, the Seller and the
      Mortgagor, or the Seller, the Mortgagor and the seller of the Mortgaged Property
      or a third party entered into a Buydown Agreement.  The Buydown
      Agreement provides that the seller of the Mortgaged Property (or third party)
      shall deliver to the Seller temporary Buydown Funds in an amount equal to the
      aggregate undiscounted amount of payments that, when added to the amount the
      Mortgagor on such Mortgage Loan is obligated to pay on each Due Date in
      accordance with the terms of the Buydown Agreement, is equal to the full
      scheduled Monthly Payment due on such Mortgage Loan. The temporary Buydown
      Funds
      enable the Mortgagor to qualify for the Buydown Mortgage Loan for the first
      two
      years of the term of such Mortgage Loan at an interest rate of not more than
      2.0% less per annum than the Mortgage Interest Rate.  The effective
      interest rate will increase in the seventh month of the Buydown Mortgage Loan
      so
      that the effective interest rate will be equal to the interest rate as set
      forth
      in the related Mortgage Note.

     

    xlvi)  (b)           The
      Mortgage and Mortgage Note reflect the permanent payment terms rather than
      the
      payment terms of the Buydown Agreement.  The Buydown Agreement
      provides for the payment by the Mortgagor of the full amount of the Monthly
      Payment on any Due Date that the Buydown Funds are not available.  The
      Buydown Funds were not used to reduce the original principal balance of the
      Mortgage Loan or to increase the Appraised Value of the Mortgaged Property
      when
      calculating the Loan-to-Value Ratios for purposes of this Agreement and, if
      the
      Buydown Funds were provided by the Seller and if required under Agency
      Guidelines, the terms of the Buydown Agreement were disclosed to the appraiser
      of the Mortgaged Property;

     

    xlvii)  (c)           The
      Buydown Funds may not be refunded to the Mortgagor unless the Mortgagor makes
      a
      principal payment for the outstanding balance of the Mortgage Loan;

     

    xlviii)  (d)           As
      of the Cut-off Date, the Buydown Mortgage Loans are 5% or less of the aggregate
      Stated Principal Balance of the Mortgage Loans; and

     

    xlix)   (e)           As
      of the date of origination of the Mortgage Loan, the provisions of the related
      Buydown Agreement complied with the requirements of Fannie Mae and Freddie
      Mac
      regarding buydown agreements;

     

    l)  No
      Convertible Mortgage Loans; No Graduated Payments or Contingent Interests.
      No Mortgage Loan is a Convertible Mortgage Loan. The Mortgage Loan is not a
      graduated payment mortgage loan, and the Mortgage Loan does not have a shared
      appreciation or other contingent interest feature;

     

    li)  Disclosure
      Materials. The Mortgagor has executed a statement to the effect that the
      Mortgagor has received all disclosure materials required by applicable law
      with
      respect to the making of fixed rate mortgage loans in the case of Fixed Rate
      Mortgage Loans, and adjustable rate mortgage loans in the case of Adjustable
      Rate Mortgage Loans and rescission materials with respect to Refinanced Mortgage
      Loans, and such statement is and will remain in the Mortgage File;

     

    lii)  Recordation
      of Mortgages. Each original Mortgage was recorded, or is in the process of
      being recorded, and all subsequent assignments of the original Mortgage (other
      than the assignment to the Purchaser) have been recorded, or are in the process
      of being recorded, in the appropriate jurisdictions wherein such recordation
      is
      necessary to perfect the lien thereof as against creditors of the Seller. With
      respect to each Mortgage Loan, the Assignment of Mortgage is in recordable
      form
      (except for the name of the assignee which is blank) and is acceptable for
      recording under the laws of the jurisdiction in which the Mortgaged Property
      is
      located;

     

    liii)  Texas
      Refinance Loans. Each Mortgage Loan originated in the state of Texas
      pursuant to Article XVI, Section 50(a)(6) of the Texas Constitution (a “Texas
      Refinance Loan”) has been originated in compliance with the provisions of
      Article XVI, Section 50(a)(6) of the Texas Constitution, Texas Civil Statutes
      and the Texas Finance Code.  With respect to each Texas Refinance Loan
      that is a Cash Out Refinancing, the related Mortgage Loan Documents state that
      the Mortgagor may prepay such Texas Refinance Loan in whole or in part without
      incurring a Prepayment Charge.  The Seller does not collect any such
      Prepayment Charges in connection with any such Texas Refinance
      Loan;

     

    liv)  Verification
      of Down Payment. Unless otherwise set forth on the Mortgage Loan Schedule,
      the source of the down payment with respect to each Mortgage Loan has been
      fully
      verified by the Seller;

     

    lv)  Tax
      Service Contracts. The Seller shall, at its own expense, cause each Mortgage
      Loan to be covered by a “life of loan” Tax Service Contract;

     

    lvi)  Flood
      Zone Service Contracts. Each Mortgage Loan is covered by a “life of loan”
Flood Zone Service Contract which is assignable to the Purchaser or its
      designee
      at no cost to the Purchaser or its designee or, for each Mortgage Loan not
      covered by such Flood Zone Service Contract, the Seller agrees to purchase
      such
      Flood Zone Service Contract;

     

    lvii)  No
      Cooperatives; No Commercial Property; No Mixed Use Property, No Manufactured
      Housing. No Mortgage Loan is secured by cooperative housing, commercial
      property, manufactured housing, a mobile home or mixed use
      property;

     

    lviii)  Secondary
      Market Sales. Each Mortgage Loan is eligible for sale in the secondary
      market or for inclusion in a Securitization Transaction without unreasonable
      credit enhancement as determined by the Purchaser in its sole reasonable
      discretion;

     

    lix)  No
      Adverse Selection. No selection procedures were used by the Seller that
      identified the Mortgage Loans as being less desirable or valuable than other
      comparable mortgage loans in the Seller’s portfolio;

     

    lx)  Georgia.
      No Mortgage Loan originated or modified on or after October 1, 2002 and prior
      to
      March 7, 2003 is secured by a Mortgaged Property located in the State of
      Georgia.  No Mortgage Loan originated on or after March 7, 2003 is a
“high cost home loan” as defined under the Georgia Fair Lending
      Act.

     

    lxi)  New
      Jersey Manufactured Housing Loans. No Mortgage Loan is a “manufactured
      housing loan” pursuant to the NJ Act, and one hundred percent of the amount
      financed of any purchase money Second Lien Mortgage Loan subject to the NJ
      Act
      was used for the purchase of the related Mortgaged Property;

     

    lxii)  Reserved;

     

    lxiii)  Ground
      Leases. With respect to each Mortgage Loan that is secured in whole or in
      part by the interest of the Mortgagor as a lessee under a ground lease of the
      related Mortgaged Property (a “Ground Lease”) and not by a fee interest in such
      Mortgaged Property:

     

    (a)           The
      Mortgagor is the owner of a valid and subsisting interest as tenant under the
      Ground Lease;

     

    (b)           The
      Ground Lease is in full force and effect, unmodified and not supplemented by
      any
      writing or otherwise;

     

     (c)           The
      Mortgagor is not in default under any of the terms thereof and there are no
      circumstances which, with the passage of time or the giving of notice or both,
      would constitute an event of default thereunder;

     

     (d)           The
      lessor under the Ground Lease is not in default under any of the terms or
      provisions thereof on the part of the lessor to be observed or
      performed;

     

     (e)           The
      term of the Ground Lease exceeds the maturity date of the related Mortgage
      Loan
      by at least five years;

     

     (f)           The
      Ground Lease or a memorandum thereof has been recorded and by its terms permits
      the leasehold estate to be mortgaged.  The Ground Lease grants any
      leasehold mortgagee standard protection necessary to protect the security of
      a
      leasehold mortgagee;

     

     (g)           The
      Ground Lease does not contain any default provisions that could give rise to
      forfeiture or termination of the Ground Lease except for the non-payment of
      the
      Ground Lease rents;

     

     (h)           The
      execution, delivery and performance of the Mortgage do not require the consent
      (other than those consents which have been obtained and are in full force and
      effect) under, and will not contravene any provision of or cause a default
      under, the Ground Lease;

     

     (i)           The
      Ground Lease provides that the leasehold can be transferred, mortgaged and
      sublet an unlimited number of times either without restriction or on payment
      of
      a reasonable fee and delivery of reasonable documentation to the
      lessor;

     

     (j)           The
      Mortgagor has not commenced any action or given or received any notice for
      the
      purpose of terminating the Ground Lease;

     

     (k)           No
      lessor, as debtor in possession or by a trustee for such lessor has give any
      notice of, and the Mortgagor has not consented to, any attempt to transfer
      the
      related Mortgaged Property free and clear of such Ground Lease under section
      363(f) of the Bankruptcy Code; and

     

     (l)           No
      lessor is subject to any voluntary or involuntary bankruptcy, reorganization
      or
      insolvency proceeding and no Mortgaged Property is an asset in any voluntary
      or
      involuntary bankruptcy, reorganization or insolvency proceeding.

     

    lxiv)  Massachusetts
      Refinanced Mortgage Loans.  No Mortgage Loan secured by a
      Mortgaged Property located in the Commonwealth of Massachusetts was made to
      pay
      off or refinance an existing loan or other debt of the related borrower (as
      the
      term “borrower” is defined in the regulations promulgated by the Massachusetts
      Secretary of State in connection with Massachusetts House Bill 4880 (2004))
      unless either (1) (a) the related Mortgage Interest Rate (that would be
      effective once the introductory rate expires, with respect to Adjustable Rate
      Mortgage Loans) did or would not exceed by more than 2.25% the yield on United
      States Treasury securities having comparable periods of maturity to the maturity
      of the related Mortgage Loan as of the fifteenth day of the month immediately
      preceding the month in which the application for the extension of credit was
      received by the related lender or (b) the Mortgage Loan is an “open-end home
      loan” (as such term is used in the Massachusetts House Bill 4880 (2004)) and the
      related Mortgage Note provides that the related Mortgage Interest Rate may
      not
      exceed at any time the Prime rate index as published in The Wall Street Journal
      plus a margin of one percent, or (2) such Mortgage Loan is in the "borrower's
      interest," as documented by a "borrower's interest worksheet" for the particular
      Mortgage Loan, which worksheet incorporates the factors set forth in
      Massachusetts House Bill 4880 (2004) and the regulations promulgated thereunder
      for determining "borrower's interest," and otherwise complies in all material
      respects with the laws of the Commonwealth of Massachusetts;

     

    lxv)  Broker
      Fees. The Mortgagor has not made or caused to be made any payment in the
      nature of an “average” or “yield spread premium” to a mortgage broker or a like
      Person which has not been fully disclosed to the Mortgagor;

     

    lxvi)  Acceptable
      Investment. The Seller has no knowledge of any circumstances or condition
      with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the
      Mortgagor’s credit standing that can reasonably be expected to cause the
      Mortgage Loan to be an unacceptable investment, cause the Mortgage Loan to
      become delinquent, cause the Mortgage Loan to not be paid in full when due,
      or
      adversely affect the value of the Mortgage Loan;

     

    lxvii)  No
      Notification of Prepayments in Full. The Mortgage Loan was not prepaid in
      full prior to the Closing Date and the Seller has not received notification
      from
      a Mortgagor that a prepayment in full shall be made after the Closing
      Date;

     

    lxviii)  Prepayment
      Charges. With respect to any Mortgage Loan that contains a provision
      permitting imposition of a Prepayment Charge upon a Principal Prepayment prior
      to maturity: (i) prior to the Mortgage Loan’s origination, the Mortgagor agreed
      to such Prepayment Charge in exchange for a monetary benefit, including but
      not
      limited to a Mortgage Interest Rate or fee reduction, (ii) prior to the Mortgage
      Loan’s origination, the Mortgagor was offered the option of obtaining a Mortgage
      Loan that did not require payment of a Prepayment Charge and the originator
      of
      the Mortgage Loan had a written policy of offering borrowers, or requiring
      third-party brokers to offer borrowers, the option of obtaining a mortgage
      loan
      that did not require the payment of a Prepayment Charge, (iii) the Prepayment
      Charge is disclosed to the Mortgagor in the Mortgage Loan Documents pursuant
      to
      state and federal law applicable to the Mortgage Loan, (iv) for Mortgage Loans
      originated on or after October 1, 2002, the duration of the prepayment period
      shall not exceed three (3) years from the date of the Mortgage Note, unless
      the
      Mortgage Loan was modified to reduce the prepayment period to no more than
      three
      years from the date of the Mortgage Note and the Mortgagor was notified in
      writing of such reduction in the prepayment period, (v) no Mortgage Loan
      originated prior to October 1, 2002 has a Prepayment Charge longer than five
      years and (vi) notwithstanding any state or federal law to the contrary, the
      Seller shall not impose such Prepayment Charge in any instance when the Mortgage
      Loan is accelerated or paid off in connection with the workout of a delinquent
      mortgage or due to the Mortgagor’s default.  Each Prepayment Charge is
      permissible, collectable and enforceable.

     

    lxix)  No
      Predatory Lending. No predatory, abusive or deceptive lending practices,
      including but not limited to, the extension of credit to a Mortgagor without
      regard for the Mortgagor’s ability to repay the Mortgage Loan and the extension
      of credit to a Mortgagor which has no tangible net benefit to the Mortgagor,
      were employed in connection with the origination of the Mortgage
      Loan.  Each Mortgage Loan is in compliance with the anti-predatory
      lending eligibility for purchase requirements of Fannie Mae’s Selling Guide. No
      Mortgagor was encouraged or required to select a Mortgage Loan product offered
      by the Mortgage Loan’s originator which is a higher cost product designed for
      less creditworthy borrowers, unless at the time of the Mortgage Loan’s
      origination, such Mortgagor did not qualify taking into account credit history
      and debt to income ratios for a lower cost credit product then offered by the
      Mortgage Loan’s originator or any affiliate of the Mortgage Loan’s
      originator.  If, at the time of the related loan application, the
      Mortgagor may have qualified for a lower cost credit product then offered by
      any
      mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    lxx)  Underwriting
      Methodology. The methodology used in underwriting the extension of credit
      for each Mortgage Loan employs objective mathematical principles which relate
      the Mortgagor’s income, credit history, assets and liabilities to the proposed
      payment and such underwriting methodology did and does not rely on the extent
      of
      the Mortgagor’s equity in the collateral as the principal determining factor in
      approving such credit extension.  Such underwriting methodology
      confirmed that at the time of origination (application/approval) the Mortgagor
      had a reasonable ability to make timely payments on the Mortgage
      Loan.

     

    lxxi)  Points
      and Fees Disclosed. All points and fees related to each Mortgage Loan were
      disclosed in writing to the related Borrower in accordance with applicable
      state
      and federal laws and regulations.  No Borrower was charged “points and
      fees” (whether or not financed) in an amount greater than (a) $1,000 or (b) 5%
      of the principal amount of such Mortgage Loan, whichever is greater, such 5%
      limitation is calculated in accordance with Fannie Mae’s anti-predatory lending
      requirements as set forth in the Fannie Mae Guides.  For purposes of
      this representation, “points and fees” (x) include origination, underwriting,
      broker and finder’s fees and charges that the lender imposed as a condition of
      making the Mortgage Loan, whether they are paid to the lender or a third party,
      and (y) exclude bona fide discount points, fees paid for actual services
      rendered in connection with the origination of the mortgage (such as attorneys’
fees, notaries fees and fees paid for property appraisals, credit reports,
      surveys, title examinations and extracts, flood and tax certifications, and
      home
      inspections); the cost of mortgage insurance or credit-risk price adjustments;
      the costs of title, hazard, and flood insurance policies; state and local
      transfer taxes or fees; escrow deposits for the future payment of taxes and
      insurance premiums; and other miscellaneous fees and charges that, in total,
      do
      not exceed 0.25 percent of the loan amount.  All fees and charges
      (including finance charges), whether or not financed, assessed, collected or
      to
      be collected in connection with the origination and servicing of each Mortgage
      Loan were disclosed in writing to the related  Mortgagor  in
      accordance with applicable state and federal laws and regulations;

     

    lxxii)  Full
      File Credit Reporting (Fannie Mae). The Seller will transmit full-file
      credit reporting data for each Mortgage Loan pursuant to Fannie Mae Guide
      Announcement 95-19 and for each Mortgage Loan, Seller agrees it shall report
      one
      of the following statuses each month as follows: new origination, current,
      delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off;

     

    lxxiii)  No
      Credit Life Policies. No Mortgagor was required to purchase any single
      premium credit insurance policy (e.g. life, mortgage, disability, accident,
      unemployment, property or health insurance product) or debt cancellation
      agreement as a condition of obtaining the extension of credit.  No
      Mortgagor obtained a prepaid single premium credit insurance policy (e.g. life,
      mortgage, disability, accident, unemployment, property or health insurance
      product) in connection with the origination of the Mortgage Loan, and no
      proceeds from any Mortgage Loan were used to purchase single-premium credit
      insurance policies or debt cancellation agreements as part of the origination
      of, or as a condition to closing, such Mortgage Loan;

     

    lxxiv)  Full
      File Credit Reporting (Past Practice; Future Practice). The Seller and any
      predecessor servicer has fully furnished, in accordance with the Fair Credit
      Reporting Act and its implementing regulations, accurate and complete
      information (e.g., favorable and unfavorable) on its borrower credit files
      to
      Equifax, Experian and Trans Union Credit Information Company (three of the
      credit repositories) on a monthly basis; and the Seller will fully furnish,
      in
      accordance with the Fair Credit Reporting Act and its implementing regulations,
      accurate and complete information (e.g., favorable and unfavorable) on its
      borrower credit files to Equifax, Experian and Trans Credit Information Company
      (three of the credit repositories), on a monthly basis; and

     

    lxxv)  No
      Arbitration. With respect to each Mortgage Loan, neither the related
      Mortgage nor the related Mortgage Note requires the Mortgagor to submit to
      arbitration to resolve any dispute arising out of or relating in any way to
      the
      Mortgage Loan;  No Mortgagor agreed to submit to arbitration to
      resolve any dispute arising out of or relating in any way to the Mortgage
      Loan.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBIT
      F

    

    Representation
      and Warranties with Respect to the MortgageIT Mortgage
      Loans

    

    Except
      for “Mortgage Loans”, which shall mean the MortgageIT Mortgage Loans sold by the
      Seller to the Purchaser, all capitalized terms in this Exhibit F shall have
      the
      meanings ascribed to them in the MortgageIT Purchase Agreement.

    

    (i)  The
      information set forth in the related Mortgage Loan Schedule is complete, true
      and correct;

     

    (ii)  The
      Mortgage Loan is in compliance with all requirements set forth in the related
      Confirmation, and the characteristics of the related Mortgage Loan Package
      as
      set forth in the related Confirmation are true and correct;

     

    (iii)   All
      payments required to be made up to the close of business on the Closing Date
      for
      such Mortgage Loan under the terms of the Mortgage Note have been
      made.  The Seller has not advanced funds, or induced, solicited or
      knowingly received any advance of funds from a party other than the owner of
      the
      related Mortgaged Property, directly or indirectly, for the payment of any
      amount required by the Mortgage Note or Mortgage; and there has been no
      delinquency, exclusive of any period of grace, in any payment by the Mortgagor
      thereunder since the origination of the Mortgage Loan;

     

    (iv)   There
      are no delinquent taxes, ground rents, water charges, sewer rents, assessments,
      insurance premiums, leasehold payments, including assessments payable in future
      installments or other outstanding charges affecting the related Mortgaged
      Property;

     

    (v)   The
      terms of the Mortgage Note and the Mortgage have not been impaired, waived,
      altered or modified in any respect, except by written instruments, recorded
      in
      the applicable public recording office  or registered with the MERS
      System if necessary to maintain the lien priority of the Mortgage, and which
      have been delivered to the Purchaser or its designee; the substance of any
      such
      waiver, alteration or modification has been approved by the insurer under the
      Primary Insurance Policy, if applicable, and the title insurer, to the extent
      required by the related policy, and is reflected on the related Mortgage Loan
      Schedule. No instrument of waiver, alteration or modification has been executed,
      and no Mortgagor has been released, in whole or in part, except in connection
      with an assumption agreement approved by the insurer under the Primary Insurance
      Policy, if applicable, and the title insurer, to the extent required by the
      policy, and which assumption agreement has been delivered to the Purchaser
      or
      its designee and the terms of which are reflected in the related Mortgage Loan
      Schedule;

     

    (vi)   The
      Mortgage Note and the Mortgage are not subject to any right of rescission,
      set-off, counterclaim or defense, including the defense of usury, nor will
      the
      operation of any of the terms of the Mortgage Note and the Mortgage, or the
      exercise of any right thereunder, render the Mortgage unenforceable, in whole
      or
      in part, or subject to any right of rescission, set-off, counterclaim or
      defense, including the defense of usury and no such right of rescission,
      set-off, counterclaim or defense has been asserted with respect
      thereto.  Each Prepayment Charge or penalty with respect to any
      Mortgage Loan is permissible, enforceable and collectible under applicable
      federal, state and local law;

     

    (vii)  All
      buildings upon the Mortgaged Property are insured by an insurer acceptable
      to
      FNMA and FHLMC against loss by fire, hazards of extended coverage and such
      other
      hazards as are customary in the area where the Mortgaged Property is located,
      pursuant to insurance policies conforming to the requirements of FNMA and FHLMC.
      All such insurance policies contain a standard mortgagee clause naming the
      Seller, its successors and assigns as mortgagee and all premiums thereon have
      been paid.  If the Mortgaged Property is in an area identified on a
      Flood Hazard Map or Flood Insurance Rate Map issued by the Federal Emergency
      Management Agency as having special flood hazards (and such flood insurance
      has
      been made available) a flood insurance policy meeting the requirements of the
      current guidelines of the Federal Insurance Administration is in effect which
      policy conforms to the requirements of FNMA and FHLMC. The Mortgage obligates
      the Mortgagor thereunder to maintain all such insurance at the Mortgagor’s cost
      and expense, and on the Mortgagor’s failure to do so, authorizes the holder of
      the Mortgage to maintain such insurance at Mortgagor’s cost and expense and to
      seek reimbursement therefor from the Mortgagor;

     

    (viii)  Any
      and
      all requirements of any federal, state or local law including, without
      limitation, usury, truth in lending, real estate settlement procedures,
      predatory and abusive lending, consumer credit protection, equal credit
      opportunity, fair housing or disclosure laws applicable to the origination
      and
      servicing of mortgage loans of a type similar to the Mortgage Loans have been
      complied with;

     

    (ix)   The
      Mortgage has not been satisfied, cancelled, subordinated or rescinded, in whole
      or in part, and the 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 satisfaction, cancellation, subordination, rescission
      or
      release;

     

    (x)  The
      Mortgage is a valid, existing and enforceable first or second (as indicated
      on
      the Mortgage Loan Schedule) lien on the Mortgaged Property, including all
      improvements on the Mortgaged Property subject only to (a) the lien of current
      real property taxes and assessments not yet due and payable, (b) covenants,
      conditions and restrictions, rights of way, easements and other matters of
      the
      public record as of the date of recording being acceptable to mortgage lending
      institutions generally and specifically referred to in the lender’s title
      insurance policy delivered to the originator of the Mortgage Loan and which
      do
      not adversely affect the Appraised Value of the Mortgaged Property, (c) to
      the
      extent the Mortgage Loan is a second lien Mortgage Loan, the related first
      lien
      on the Mortgaged Property; and (d) other matters to which like properties are
      commonly subject which do not materially interfere with the benefits of the
      security intended to be provided by the Mortgage or the use, enjoyment, value
      or
      marketability of the related Mortgaged Property. Any security agreement, chattel
      mortgage or equivalent document related to and delivered in connection with
      the
      Mortgage Loan establishes and creates a valid, existing and enforceable first
      or
      second (as indicated on the Mortgage Loan Schedule) lien and first or second
      (as
      indicated on the Mortgage Loan Schedule) priority security interest on the
      property described therein and the Seller has full right to sell and assign
      the
      same to the Purchaser. The Mortgaged Property was not, as of the date of
      origination of the Mortgage Loan, subject to a mortgage, deed of trust, deed
      to
      secure debt or other security instrument creating a lien subordinate to the
      lien
      of the Mortgage;

     

    (xi)  The
      Mortgage Note and the related Mortgage are genuine and each is the legal, valid
      and binding obligation of the maker thereof, enforceable in accordance with
      its
      terms except as such enforcement may be limited by bankruptcy;

     

    (xii)  All
      parties to the Mortgage Note and the Mortgage had legal capacity to enter into
      the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage,
      and the Mortgage Note and the Mortgage have been duly and properly executed
      by
      such parties. The Mortgagor is a natural person;

     

    (xiii)  The
      proceeds of the Mortgage Loan have been fully disbursed to or for the account
      of
      the Mortgagor and there is no obligation for the Mortgagee to advance additional
      funds thereunder and any and all requirements as to completion of any on-site
      or
      off-site improvement and as to disbursements of any escrow funds therefor have
      been complied with. All costs, fees and expenses incurred in making or closing
      the Mortgage Loan and the recording of the Mortgage have been paid, and the
      Mortgagor is not entitled to any refund of any amounts paid or due to the
      Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    (xiv)  The
      Seller is the sole legal, beneficial and equitable owner of the Mortgage Note
      and the Mortgage and has full right to transfer and sell the Mortgage Loan
      to
      the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge,
      claim or security interest;

     

    (xv)  All
      parties which have had any interest in the Mortgage Loan, whether as mortgagee,
      assignee, pledgee or otherwise, are (or, during the period in which they held
      and disposed of such interest, were) in material compliance with any and all
      applicable “doing business” and licensing requirements of the laws of the state
      wherein the Mortgaged Property is located (or were otherwise exempt from such
      requirements under applicable law);

     

    (xvi)  The
      Mortgage Loan is covered by an American Land Title Association (“ALTA”) lender’s
      title insurance policy (which, in the case of an Adjustable Rate Mortgage Loan
      has an adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1)
      acceptable to FNMA and FHLMC, issued by a title insurer acceptable to FNMA
      and
      FHLMC and qualified to do business in the jurisdiction where the Mortgaged
      Property is located, insuring (subject to the exceptions contained in (x)(a)
      and
      (b) above) the Seller, its successors and assigns as to the first or second
      (as
      indicated on the Mortgage Loan Schedule) priority lien of the Mortgage in the
      original principal amount of the Mortgage Loan and, with respect to any
      Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity
      or
      unenforceability of the lien resulting from the provisions of the Mortgage
      providing for adjustment in the Mortgage Interest Rate and Monthly
      Payment.  Additionally, such lender’s title insurance policy
      affirmatively insures ingress and egress to and from the Mortgaged Property,
      and
      against encroachments by or upon the Mortgaged Property or any interest therein.
      The Seller is the sole insured of such lender’s title insurance policy, and such
      lender’s title insurance policy is in full force and effect and will be in full
      force and effect upon the consummation of the transactions contemplated by
      this
      Agreement. No claims have been made under such lender’s title insurance policy,
      and no prior holder of the related Mortgage, including the Seller, has done,
      by
      act or omission, anything which would impair the coverage of such lender’s title
      insurance policy;

     

    (xvii)  There
      is
      no default, breach, violation or event of acceleration existing under the
      Mortgage or the Mortgage Note and no event which, with the passage of time
      or
      with notice and the expiration of any grace or cure period, would constitute
      a
      default, breach, violation or event of acceleration, and the Seller has not
      waived any default, breach, violation or event of acceleration.  With
      respect to each second lien mortgage loan (i) the first lien mortgage loan
      is in
      full force and effect, (ii) to the best of Seller’s knowledge, there is no
      default, breach, violation or event of acceleration existing under such first
      lien mortgage or the related mortgage note, (iii) no event which, with the
      passage of time or with notice and the expiration of any grace or cure period,
      would constitute a default, breach, violation or event of acceleration
      thereunder, and either (A) the first lien mortgage contains a provision which
      allows or (B) applicable law requires, the mortgagee under the second lien
      Mortgage Loan to receive notice of, and affords such mortgagee an opportunity
      to
      cure any default by payment in full or otherwise under the first lien
      mortgage;

     

    (xviii)  There
      are
      no mechanics’ or similar liens or claims which have been filed for work, labor
      or material (and no rights are outstanding that under law could give rise to
      such lien) affecting the related Mortgaged Property which are or may be liens
      prior to, or equal or coordinate with, the lien of the related
      Mortgage;

     

    (xix)  All
      improvements which were considered in determining the Appraised Value of the
      related Mortgaged Property lay wholly within the boundaries and building
      restriction lines of the Mortgaged Property, and no improvements on adjoining
      properties encroach upon the Mortgaged Property;

     

    (xx)  As
      of the
      origination of the Mortgage Loan, no improvement located on the Mortgaged
      Property was in violation of any applicable zoning or subdivision laws or
      ordinances;

     

    (xxi)  The
      Mortgage Loan was originated by the Seller or by a savings and loan association,
      a savings bank, a commercial bank, credit union, insurance company or similar
      banking institution which is supervised and examined by a federal or state
      authority, or by a mortgagee approved as such by the Secretary of HUD pursuant
      to Section 203 and 211 of the National Housing Act;

     

    (xxii)  Principal
      payments on the Mortgage Loan commenced no more than sixty days after the
      proceeds of the Mortgage Loan were disbursed.  The Mortgage Loan bears
      interest at the Mortgage Interest Rate.  With respect to each Mortgage
      Loan, the Mortgage Note is payable on the first day of each month in Monthly
      Payments, which, other than with respect to a Balloon Mortgage Loan, in the
      case
      of a Fixed Rate Mortgage Loans, are sufficient to fully amortize the original
      principal balance over the original term thereof and to pay interest at the
      related Mortgage Interest Rate, and, in the case of an Adjustable Rate Mortgage
      Loan, are changed on each Adjustment Date, and in any case, are sufficient
      to
      fully amortize the original principal balance over the original term thereof
      and
      to pay interest at the related Mortgage Interest Rate.  The Index for
      each Adjustable Rate Mortgage Loan is as defined in the related
      Confirmation.  With respect to each Balloon Mortgage Loan, the
      Mortgage Note requires a monthly payment which is sufficient to fully amortize
      the original principal balance over the original term thereof and to pay
      interest at the related Mortgage Interest Rate and requires a final Monthly
      Payment substantially greater than the preceding monthly payment which is
      sufficient to repay the remained unpaid principal balance of the Balloon
      Mortgage Loan as of the Due Date of such monthly payment.  The
      Mortgage Note does not permit negative amortization.  No Mortgage Loan
      is a Convertible Mortgage Loan;

     

    (xxiii)  The
      origination and collection practices used by the Seller with respect to each
      Mortgage Note and Mortgage have been in all respects legal, proper, prudent
      and
      customary in the mortgage origination and servicing industry.  The
      Mortgage Loan has been serviced by the Seller and any predecessor servicer
      in
      accordance with the terms of the Mortgage Note.  With respect to
      escrow deposits and Escrow Payments, if any, all such payments are in the
      possession of, or under the control of, the Seller and there exist no
      deficiencies in connection therewith for which customary arrangements for
      repayment thereof have not been made. No escrow deposits or Escrow Payments
      or
      other charges or payments due the Seller have been capitalized under any
      Mortgage or the related Mortgage Note and no such escrow deposits or Escrow
      Payments are being held by the Seller for any work on a Mortgaged Property
      which
      has not been completed;

     

    (xxiv)  The
      Mortgaged Property is in good repair and is free of material damage and waste
      and there is no proceeding pending for the total or partial condemnation
      thereof;

     

    (xxv)  The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      such as to render the rights and remedies of the holder thereof adequate for
      the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (a) in the case of a Mortgage designated as a
      deed
      of trust, by trustee’s sale, and (b) otherwise by judicial
      foreclosure.  The Mortgaged Property has not been subject to any
      bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed
      for protection under applicable bankruptcy laws. There is no homestead or other
      exemption available to the Mortgagor which would interfere with the right to
      sell the Mortgaged Property at a trustee’s sale or the right to foreclose the
      Mortgage. The Mortgagor has not notified the Seller and the Seller has no
      knowledge of any relief requested or allowed to the Mortgagor under the
      Servicemembers’ Civil Relief Act;

     

    (xxvi)  The
      Mortgage Loan was underwritten in accordance with the underwriting standards
      of
      the Seller in effect at the time the Mortgage Loan was originated, which
      underwriting standards satisfy the standards of FNMA and FHLMC; and the Mortgage
      Note and Mortgage are on forms acceptable to FNMA and FHLMC;

     

    (xxvii)  The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage on the Mortgaged Property and the security
      interest of any applicable security agreement or chattel mortgage referred
      to in
      (x) above;

     

    (xxviii)  The
      Mortgage File contains an appraisal of the related Mortgaged Property which
      satisfied the standards of FNMA and FHLMC, was on appraisal form 1004 or form
      2055 with an interior inspection, and was made and signed, prior to the approval
      of the Mortgage Loan application, by a qualified appraiser, duly appointed
      by
      the Seller, who had no interest, direct or indirect in the Mortgaged Property
      or
      in any loan made on the security thereof, whose compensation is not affected
      by
      the approval or disapproval of the Mortgage Loan and who met the minimum
      qualifications of FNMA and FHLMC.  Each appraisal of the Mortgage Loan
      was made in accordance with the relevant provisions of the Financial
      Institutions Reform, Recovery, and Enforcement Act of 1989;

     

    (xxix)  In
      the
      event the Mortgage constitutes a deed of trust, a trustee, duly qualified under
      applicable law to serve as such, has been properly designated and currently
      so
      serves and is named in the Mortgage, and no fees or expenses are or will become
      payable by the Purchaser to the trustee under the deed of trust, except in
      connection with a trustee’s sale after default by the Mortgagor;

     

    (xxx)  No
      Mortgage Loan contains provisions pursuant to which Monthly Payments are (a)
      paid or partially paid with funds deposited in any separate account established
      by the Seller, the Mortgagor, or anyone on behalf of the Mortgagor, (b) paid
      by
      any source other than the Mortgagor or (c) contains any other similar provisions
      which may constitute a “buydown” provision. The Mortgage Loan is not a graduated
      payment mortgage loan and the Mortgage Loan does not have a shared appreciation
      or other contingent interest feature;

     

    (xxxi)  The
      Mortgagor has executed a statement to the effect that the Mortgagor has received
      all disclosure materials required by applicable law with respect to the making
      of fixed rate mortgage loans in the case of Fixed Rate Mortgage Loans, and
      adjustable rate mortgage loans in the case of Adjustable Rate Mortgage Loans
      and
      rescission materials with respect to Refinanced Mortgage Loans, and such
      statement is and will remain in the Mortgage File;

     

    (xxxii)  No
      Mortgage Loan was made in connection with (a) the construction or rehabilitation
      of a Mortgaged Property or (b) facilitating the trade-in or exchange of a
      Mortgaged Property;

     

    (xxxiii)  The
      Seller has no knowledge of any circumstances or condition with respect to the
      Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor’s credit
      standing that can reasonably be expected to cause the Mortgage Loan to be an
      unacceptable investment, cause the Mortgage Loan to become delinquent, or
      adversely affect the value of the Mortgage Loan;

     

    (xxxiv)  No
      Mortgage Loan had an LTV or a CLTV at origination in excess of 100%. Each
      Prime/Alt-A Mortgage Loan with an LTV or CLTV at origination in excess of 80%
      is
      and will be subject to a Primary Insurance Policy, issued by a Qualified
      Insurer, which insures that portion of the Mortgage Loan in excess of the
      portion of the Appraised Value of the Mortgaged Property required by FNMA.
      All
      provisions of such Primary Insurance Policy have been and are being complied
      with, such policy is in full force and effect, and all premiums due thereunder
      have been paid. Any Mortgage subject to any such Primary Insurance Policy
      obligates the Mortgagor thereunder to maintain such insurance and to pay all
      premiums and charges in connection therewith. The Mortgage Interest Rate for
      the
      Prime/Alt-A Mortgage Loan does not include any such insurance
      premium;

     

    (xxxv)  The
      Mortgaged Property is, to the best of the Seller’s knowledge, lawfully occupied
      under applicable law; all inspections, licenses and certificates required to
      be
      made or issued with respect to all occupied portions of the Mortgaged Property
      and, with respect to the use and occupancy of the same, including but not
      limited to certificates of occupancy, have been made or obtained from the
      appropriate authorities;

     

    (xxxvi)  No
      error,
      omission, misrepresentation, negligence, fraud or similar occurrence with
      respect to a Mortgage Loan has taken place on the part of the Mortgagor, the
      Seller, or to the best of Seller’s knowledge, any appraiser, any builder or
      developer, or any other party involved in the origination of the Mortgage Loan
      or in the application of any insurance in relation to such Mortgage
      Loan;

     

    (xxxvii)  For
      each
      Mortgage Loan that is not a MOM Loan, the Assignment of Mortgage is in
      recordable form except for the name of the assignee that is blank and is
      acceptable for recording under the laws of the jurisdiction in which the
      Mortgaged Property is located.  The original Mortgage was or is being
      recorded and, unless the Mortgage Loan is subject to the MERS System, all
      subsequent assignments of the original Mortgage (other than the assignment
      to
      Purchaser) have been recorded in the appropriate jurisdiction wherein such
      recordation is necessary to perfect the lien thereof against creditors of
      Seller, or is in the process of being recorded.

     

    (xxxviii)  Any
      principal advances made to the Mortgagor prior to the Cut-off Date have been
      consolidated with the outstanding principal amount secured by the Mortgage,
      and
      the secured principal amount, as consolidated, bears a single interest rate
      and
      single repayment term. The lien of the Mortgage securing the consolidated
      principal amount is expressly insured as having first or second lien priority
      by
      a title insurance policy or an endorsement to the policy insuring the
      mortgagee’s consolidated interest. The consolidated principal amount does not
      exceed the original principal amount of the Mortgage Loan;

     

    (xxxix)  Unless
      otherwise set forth on the related Mortgage Loan Schedule, no Mortgage Loan
      has
      a balloon payment feature;

     

    (xl)   If
      the Residential Dwelling on the Mortgaged Property is a condominium unit or
      a
      unit in a planned unit development (other than a de minimis planned unit
      development) such condominium or planned unit development project meets the
      eligibility requirements of FNMA and FHLMC;

     

    (xli)  The
      source of the down payment with respect to each Mortgage Loan has been fully
      verified by the Seller;

     

    (xlii)  Interest
      on each Mortgage Loan is calculated on the basis of a 360-day year consisting
      of
      twelve 30-day months;

     

    (xliii)  The
      Mortgaged Property is in material compliance with all applicable environmental
      laws pertaining to environmental hazards including, without limitation,
      asbestos, and neither the Seller nor, to the Seller’s knowledge, the related
      Mortgagor, has received any notice of any violation or potential violation
      of
      such law;

     

    (xliv)  Seller
      shall, at its own expense, cause each Mortgage Loan to be covered by a Tax
      Service Contract which is assignable to the Purchaser or its designee; provided
      however, that if the Seller fails to purchase such Tax Service Contract, the
      Seller shall be required to reimburse the Purchaser for all costs and expenses
      incurred by the Purchaser in connection with the purchase of any such Tax
      Service Contract;

     

    (xlv)  Each
      Mortgage Loan is covered by a Flood Zone Service Contract which is assignable
      to
      the Purchaser or its designee or, for each Mortgage Loan not covered by such
      Flood Zone Service Contract, the Seller agrees to purchase such Flood Zone
      Service Contract;

     

    (xlvi)  No
      Mortgage Loan is (a) subject to the provisions of the Homeownership and Equity
      Protection Act of 1994 as amended (“HOEPA”), (b) a “high cost” mortgage loan,
“covered” mortgage loan, “high risk home” mortgage loan or “predatory” mortgage
      loan or any other comparable term, no matter how defined under any federal,
      state or local law, (c) subject to any comparable federal, state or local
      statutes or regulations, or any other statute or regulation providing for
      heightened regulatory scrutiny or assignee liability to holders of such mortgage
      loans, or (d) a High Cost Loan or Covered Loan, as applicable (as such terms
      are
      defined in the current Standard & Poor’s LEVELS® Glossary Revised, Appendix
      E);

     

    (xlvii)  No
      predatory or deceptive lending practices, including but not limited to, the
      extension of credit to a mortgagor without regard for the mortgagor’s ability to
      repay the Mortgage Loan and the extension of credit to a mortgagor which has
      no
      apparent benefit to the mortgagor, were employed in connection with the
      origination of the Mortgage Loan.  Each Mortgage Loan is in compliance
      with the anti-predatory lending eligibility for purchase requirements of the
      FNMA Guides;

     

    (xlviii)  Not
      more
      than one percent (1%) of the Mortgage Loans purchased on the related Closing
      Date, measured by the aggregate Stated Principal Balance of such Mortgage Loans
      as of the related Cut-off Date, include a Mortgage Note for which a lost note
      affidavit with indemnification has been delivered;

     

    (xlix)  No
      Mortgagor was required to purchase any single premium credit insurance policy
      (e.g., life, disability, accident, unemployment, or health insurance product)
      or
      debt cancellation agreement as a condition of obtaining the extension of
      credit.  No Mortgagor obtained a prepaid single premium credit
      insurance policy (e.g., life, disability, accident, unemployment, mortgage,
      or
      health insurance) in connection with the origination of the Mortgage Loan.
      No
      proceeds from any Mortgage Loan were used to purchase single premium credit
      insurance policies or debt cancellation agreements as part of the origination
      of, or as a condition to closing, such Mortgage Loan;

     

    (l)  The
      Mortgage Loans were not selected from the outstanding one to four-family
      mortgage loans in the Seller’s portfolio at the related Closing Date as to which
      the representations and warranties set forth in this Agreement could be made
      in
      a manner so as to affect adversely the interests of the Purchaser;

     

    (li)   The
      Mortgage contains an enforceable provision for the acceleration of the payment
      of the unpaid principal balance of the Mortgage Loan in the event that the
      Mortgaged Property is sold or transferred without the prior written consent
      of
      the mortgagee thereunder;

     

    (lii)   The
      Mortgage Loan complies with all applicable consumer credit statutes and
      regulations, including, without limitation, the respective Uniform Consumer
      Credit Code laws in effect in Colorado, Idaho, Indiana, Iowa, Kansas, Maine,
      Oklahoma, South Carolina, Utah and Wyoming (to the extent that the related
      Mortgaged Property is located in such state), has been originated by a properly
      licensed entity, and in all other respects, complies with all of the material
      requirements of any such applicable laws;

     

    (liii)  The
      information set forth in the Prepayment Charge Schedule is complete, true and
      correct in all material respects and each Prepayment Charge is permissible,
      enforceable and collectable under applicable federal and state law;

     

    (liv)  The
      Mortgage Loan was not prepaid in full prior to the Closing Date and the Seller
      has not received notification from a Mortgagor that a prepayment in full shall
      be made after the Closing Date;

     

    (lv)  No
      Mortgage Loan is secured by cooperative housing, commercial property, mobile
      homes, manufactured housing or mixed use property;

     

    (lvi)  Except
      as
      set forth on the related Mortgage Loan Schedule, none of the Mortgage Loans
      are
      subject to a Prepayment Charge.  For any Mortgage Loan originated
      prior to October 1, 2002 that is subject to a Prepayment Charge, such Prepayment
      Charge does not extend beyond five years after the date of
      origination.  For any Mortgage Loan originated on or following October
      1, 2002 that is subject to a Prepayment Charge, such Prepayment Charge does
      not
      extend beyond three years after the date of origination.  With respect
      to any Mortgage Loan that contains a provision permitting imposition of a
      Prepayment Charge upon a prepayment prior to maturity: (i) prior to the Mortgage
      Loan’s origination, the Mortgagor agreed to such Prepayment Charge in exchange
      for a monetary benefit, including but not limited to a rate or fee reduction,
      (ii) prior to the Mortgage Loan’s origination, the Mortgagor was offered the
      option of obtaining a Mortgage Loan that did not require payment of such a
      Prepayment Charge, (iii) the Prepayment Charge is disclosed to the Mortgagor
      in
      the loan documents pursuant to applicable state and federal law, (iv) for
      Mortgage Loans originated on or after September 1, 2004, the duration of the
      prepayment period shall not exceed three (3) years from the date of the Mortgage
      Note, unless the Mortgage Loan was modified to reduce the prepayment period
      to
      no more than three years from the date of the Mortgage Note and the Mortgagor
      was notified in writing of such reduction in prepayment period, and (v)
      notwithstanding any state or federal law to the contrary, the Seller shall
      not
      impose such Prepayment Charge in any instance when the mortgage debt is
      accelerated as the result of the Mortgagor’s default in making the loan
      payments;

     

    (lvii)  The
      Seller has complied with all applicable anti-money laundering laws and
      regulations, including without limitation the USA Patriot Act of 2001
      (collectively, the “Anti-Money Laundering Laws”); the Seller has established an
      anti-money laundering compliance program as required by the Anti-Money
      Laundering Laws, has conducted the requisite due diligence in connection with
      the origination of each Mortgage Loan for purposes of the Anti-Money Laundering
      Laws, including with respect to the legitimacy of the applicable Mortgagor
      and
      the origin of the assets used by the said Mortgagor to purchase the property
      in
      question, and maintains, and will maintain, sufficient information to identify
      the applicable Mortgagor for purposes of the Anti-Money Laundering
      Laws.  No Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “blocked person” for
      purposes of the OFAC Regulations;

     

    (lviii)  No
      Mortgage Loan is secured by real property or secured  by a
      manufactured home located in the state of Georgia unless (x) such Mortgage
      Loan
      was originated prior to October 1, 2002 or after March 6, 2003, or (y) the
      property securing the Mortgage Loan is not, nor will be, occupied by the
      Mortgagor as the Mortgagor’s principal dwelling.  No Mortgage Loan is
      a “High Cost Home Loan” as defined in the Georgia Fair Lending Act, as amended
      (the “Georgia Act”) or the New York Banking Law 6-1.   Each
      Mortgage Loan that is a “Home Loan” under the Georgia Act complies with all
      applicable provisions of the Georgia Act. No Mortgage Loan secured by owner
      occupied real property or an owner occupied manufactured home located in the
      State of Georgia was originated (or modified) on or after October 1, 2002
      through and including March 6, 2003;

     

    (lix)  No
      Mortgagor was encouraged or required to select a Mortgage Loan product offered
      by the Mortgage Loan’s originator which is a higher cost product designed for
      less creditworthy borrowers, unless at the time of the Mortgage Loan’s
      origination, such Mortgagor did not qualify taking into account credit history
      and debt to income ratios for a lower cost credit product then offered by the
      Mortgage Loan’s originator or any affiliate of the Mortgage Loan’s
      originator.  If, at the time of loan application, the Mortgagor may
      have qualified for a for a lower cost credit product then offered by any
      mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    (lx)  The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      employs objective mathematical principles which relate the Mortgagor’s income,
      assets and liabilities to the proposed payment and such underwriting methodology
      does not rely on the extent of the Mortgagor’s equity in the collateral as the
      principal determining factor in approving such credit extension.  Such
      underwriting methodology confirmed that at the time of origination
      (application/approval) the Mortgagor had a reasonable ability to make timely
      payments on the Mortgage Loan;

     

    (lxi)  With
      respect to each Mortgage Loan, the Seller has fully and accurately furnished
      complete information on the related borrower credit files to Equifax, Experian
      and Trans Union Credit Information Company, in accordance with the Fair Credit
      Reporting Act and its implementing regulations, on a monthly basis and the
      Seller for each Loan will furnish, in accordance with the Fair Credit Reporting
      Act and its implementing regulations, accurate and complete information on
      its
      borrower credit files to Equifax, Experian, and Trans Union
      Credit  Information Company, on a monthly basis;

     

    (lxii)  All
      points and fees related to each Mortgage Loan were disclosed in writing to
      the
      related Borrower in accordance with applicable state and federal law and
      regulation.  Except in the case of a Mortgage Loan in an original
      principal amount of less than $60,000 which would have resulted in an
      unprofitable origination, no related Borrower was charged “points and fees”
(whether or not financed) in an amount greater than 5% of the principal amount
      of such loan, such 5% limitation is calculated in accordance with Fannie Mae’s
      anti-predatory lending requirements as set forth in the Fannie Mae Selling
      Guide;

     

    (lxiii)  All
      fees
      and charges (including finance charges) and whether or not financed, assessed,
      collected or to be collected in connection with the origination and servicing
      of
      each Mortgage Loan has been disclosed in writing to the Mortgagor in accordance
      with applicable state and federal law and regulation;

     

    (lxiv)  The
      Seller will transmit full-file credit reporting data for each Mortgage Loan
      pursuant to Fannie Mae Guide Announcement 95-19 and for each Mortgage Loan,
      Seller agrees it shall report one of the following statuses each month as
      follows: new origination, current, delinquent (30-, 60-, 90-days, etc.),
      foreclosed, or charged-off;

     

    (lxv)  No
      Mortgage Loan is a “High Cost Home Loan” as defined in the Arkansas Home Loan
      Protection Act effective October 16, 2003 (Act 1340 or 2003);

     

    (lxvi)  No
      Mortgage Loan is a “High Cost Home Loan” as defined in the Kentucky high-cost
      loan statute effective June 24, 2003 (Ky. Rev. Stat. Section
      360.100);

     

    (lxvii)  No
      Mortgage Loan secured by property located in the State of Nevada is a “home
      loan” as defined in the Nevada Assembly Bill No. 284;

     

    (lxviii)  No
      Mortgage Loan is a “manufactured housing loan” or “home improvement home loan”
pursuant to the New Jersey Home Ownership Act.  No Mortgage Loan is a
“High-Cost Home Loan” or a refinanced “Covered Home Loan,” in each case, as
      defined in the New Jersey Home Ownership Act effective November 27, 2003
      (N.J.S.A. 46;10B-22 et seq.);

     

    (lxix)  Each
      Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of
      the Code and Treasury Regulation Section 1.860G-2(a)(1);

     

    (lxx)  No
      Mortgage Loan is a subsection 10 mortgage under the Oklahoma Home Ownership
      and
      Equity protection Act;

     

    (lxxi)  No
      Mortgage Loan is a “High-Cost Home Loan” as defined in the New Mexico Home Loan
      Protection Act effective January 1, 2004 (N.M. Stat. Ann. §§ 58-21A-1 et
      seq.);

     

    (lxxii)  No
      Mortgage Loan is a “High-Risk Home Loan” as defined in the Illinois High-Risk
      Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et
      seq.);

     

    (lxxiii)  No
      Mortgage Loan originated in the City of Los Angeles is subject to the City
      of
      Los Angeles California Ordinance 175008 as a “home loan”;

     

    (lxxiv)  No
      Mortgage Loan originated in the City of Oakland is subject to the City of
      Oakland, California Ordinance 12361 as a “home loan”;

     

    (lxxv)  No
      Mortgage Loan is a “High-Cost Home Loan” as defined under the Maine House Bill
      383 L.D. 494, effective as of September 13, 2003;

     

    (lxxvi)  No
      Mortgage Loan is a “High-Cost Home Mortgage Loan” as defined in the
      Massachusetts Predatory Home Loan Practices Act, effective November 7, 2004
      (Mass. Ann. Laws Ch. 183C);

     

    (lxxvii)  With
      respect to any Mortgage Loan for which a mortgage loan application was submitted
      by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by Mortgaged
      Property in the State of Illinois which has a Mortgage Interest Rate in excess
      of 8.0% per annum has lender-imposed fees (or other charges) in excess of 3.0%
      of the original principal balance of the Mortgage Loan;

     

    (lxxviii)  With
      respect to each MOM Loan, a MIN has been assigned by MERS and such MIN is
      accurately provided on the Mortgage Loan Schedule.  The related
      Assignment of Mortgage to MERS has been duly and properly recorded, or has
      been
      delivered for recording to the applicable recording office;

     

    (lxxix)  With
      respect to each MERS Mortgage Loan, Seller has not received any notice of liens
      or legal actions with respect to such Mortgage Loan and no such notices have
      been electronically posted by MERS;

     

    (lxxx)  No
      Mortgagor agreed to submit to arbitration to resolve any dispute arising out
      of
      or relating in any way to the Mortgage Loan transaction, and with respect to
      any
      Mortgage Loan originated on or after August 1, 2004, neither the Mortgage nor
      the Mortgage Note requires the Mortgagor to submit to arbitration to resolve
      any
      dispute arising out of or relating in any way to the origination of the Mortgage
      Loan;

     

    (lxxxi)  No
      Loan
      is a “High Cost Home Loan” governed by the Indiana Home Loan Practices Act, Ind.
      Code Ann. §§ 24-9-1-1 et seq.;

     

    (lxxxii)  With
      respect to each Mortgage Loan, (i) if the related first lien provides for
      negative amortization, the CLTV was calculated at the maximum principal balance
      of such first lien that could result upon application of such negative
      amortization feature, and (ii) either no consent for the Mortgage Loan is
      required by the holder of the first lien or such consent has been obtained
      and
      is contained in the Mortgage File;

     

    (lxxxiii)  The
      Mortgagee has not made or caused to be made any payment in the nature of an
      “average” or “yield spread premium” to a mortgage broker or a like Person which
      has not been fully disclosed to the Mortgagor;

     

    (lxxxiv)  No
      Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of
      Massachusetts was made to pay off or refinance an existing loan or other debt
      of
      the related borrower (as the term “borrower” is defined in the regulations
      promulgated by the Massachusetts Secretary of State in connection with
      Massachusetts House Bill 4880 (2004)) unless (a) the related Mortgage Interest
      Rate (that would be effective once the introductory rate expires, with respect
      to Adjustable Rate Mortgage Loans) did or would not exceed by more than 2.25%
      the yield on United States Treasury securities having comparable periods of
      maturity to the maturity of the related Mortgage Loan as of the fifteenth day
      of
      the month immediately preceding the month in which the application for the
      extension of credit was received by the related lender or (b) the Mortgage
      Loan
      is an “open-end home loan” (as such term is used in the Massachusetts House Bill
      4880 (2004)) and the related Mortgage Note provides that the related Mortgage
      Interest Rate may not exceed at any time the Prime rate index as published
      in
      The Wall Street Journal plus a margin of one percent;

     

    (lxxxv)  With
      respect to each Mortgage Loan that is secured in whole or in part by the
      interest of the Mortgagor as a lessee under a ground lease of the related
      Mortgaged Property (a “Ground Lease”) and not by a fee interest in such
      Mortgaged Property:

     

    (a)           The
      Mortgagor is the owner of a valid and subsisting interest as tenant under the
      Ground Lease;

     

    (b)           The
      Ground Lease is in full force and effect, unmodified and not supplemented by
      any
      writing or otherwise;

     

    (c)           The
      Mortgagor is not in default under any of the terms thereof and there are no
      circumstances which, with the passage of time or the giving of notice or both,
      would constitute an event of default thereunder;

     

    (d)           The
      lessor under the Ground Lease is not in default under any of the terms or
      provisions thereof on the part of the lessor to be observed or
      performed;

     

    (e)           The
      term of the Ground Lease exceeds the maturity date of the related Mortgage
      Loan
      by at least ten years;

     

    (f)           The
      Ground Lease or a memorandum thereof has been recorded and by its terms permits
      the leasehold estate to be mortgaged.  The Ground Lease grants any
      leasehold mortgagee standard protection necessary to protect the security of
      a
      leasehold mortgagee;

     

    (g)           The
      Ground Lease does not contain any default provisions that could give rise to
      forfeiture or termination of the Ground Lease except for the non-payment of
      the
      Ground Lease rents;

     

    (h)           The
      execution, delivery and performance of the Mortgage do not require the consent
      (other than those consents which have been obtained and are in full force and
      effect) under, and will not contravene any provision of or cause a default
      under, the Ground Lease;

     

    (i)           The
      Ground Lease provides that the leasehold can be transferred, mortgaged and
      sublet an unlimited number of times either without restriction or on payment
      of
      a reasonable fee and delivery of reasonable documentation to the
      lessor;

     

    (j)           The
      Mortgagor has not commenced any action or given or received any notice for
      the
      purpose of terminating the Ground Lease;

     

    (k)           No
      lessor, as debtor in possession or by a trustee for such lessor has give any
      notice of, and the Mortgagor has not consented to, any attempt to transfer
      the
      related Mortgaged Property free and clear of such Ground Lease under section
      363(f) of the Bankruptcy Code; and

     

    (l)           No
      lessor is subject to any voluntary or involuntary bankruptcy, reorganization
      or
      insolvency proceeding and no Mortgaged Property is an asset in any voluntary
      or
      involuntary bankruptcy, reorganization or insolvency proceeding.

     

    (lxxxvi)  No
      Mortgage Loan is a balloon mortgage loan that has an original stated maturity
      of
      less than seven (7) years;

     

    (lxxxvii)  No
      Mortgage Loan is subject to mandatory arbitration except when the terms of
      the
      arbitration also contain a waiver provision that provides that in the event
      of a
      sale or transfer of the Mortgage Loan or interest in the Mortgage Loan to Fannie
      Mae, the terms of the arbitration are null and void.  The Seller
      hereby covenants that the Seller or the servicer of the Mortgage Loan, as
      applicable, will notify the Mortgagor in writing within 60 days of the sale
      or
      transfer of the Mortgage Loan to Fannie Mae that the terms of the arbitration
      are null and void; and

     

    (lxxxviii)  Each
      Mortgage Loan is eligible for sale in the secondary market or for inclusion
      in a
      Pass-Through Transfer without unreasonable credit enhancement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      G

    

    Representation
      and Warranties with Respect to the National City Mortgage
      Loans

    

    Except
      for “Mortgage Loans”, which shall mean the National City Mortgage Loans sold by
      the Seller to the Purchaser, all capitalized terms in this Exhibit G shall
      have
      the meanings ascribed to them in the National City Purchase
      Agreement.

     

    As
      to
      each Mortgage Loan, the Company hereby represents and warrants to the Purchaser
      that as of the related Closing Date:

     

    

    (i)  Mortgage
      Loans as Described.  The information set forth in the related
      Mortgage Loan Schedule is complete, true and correct;

     

     

    (ii)  Payments
      Current.  All payments required to be made up to the related
      Closing Date for the Mortgage Loan under the terms of the Mortgage Note have
      been made and credited. No payment required under the Mortgage Loan has been 30
      or more days delinquent at any time in the past 12 months preceding the related
      Closing Date. The first two Monthly Payments shall be made with respect to
      the
      Mortgage Loan within the month in which it is due, all in accordance with the
      terms of the related Mortgage Note;

     

    (iii)  No
      Outstanding Charges.  There are no defaults in complying with the
      terms of the Mortgages, and all taxes, governmental assessments, insurance
      premiums, ground rents, leasehold payments, water, sewer and municipal charges,
      leasehold payments or ground rents which previously became due and owing have
      been paid, or an escrow of funds has been established in an amount sufficient
      to
      pay for every such item which remains unpaid and which has been assessed but
      is
      not yet due and payable. The Company has not advanced funds, or induced,
      solicited or knowingly received any advance of funds by a party other than
      the
      Mortgagor, directly or indirectly, for the payment of any amount required under
      the Mortgage Loan, except for interest accruing from the date of the Mortgage
      Note or date of disbursement of the Mortgage Loan proceeds, whichever is
      greater, to the day which precedes by one month the Due Date of the first
      installment of principal and interest;

     

    (iv)  Original
      Terms Unmodified.  The terms of the Mortgage Note and Mortgage
      have not been impaired, waived, altered or modified in any respect, except
      by a
      written instrument which has been recorded, if necessary to protect the
      interests of the Purchaser and which has been delivered to the Custodian. The
      substance of any such waiver, alteration or modification has been approved
      by
      the issuer of any related PMI Policy and the title insurer, to the extent
      required by the policy, and its terms are reflected on the related Mortgage
      Loan
      Schedule. No instrument of waiver, alteration or modification has been executed,
      and no Mortgagor has been released, in whole or in part, except in connection
      with an assumption agreement approved by the issuer of any related PMI Policy
      and the title insurer, to the extent required by the policy, and which
      assumption agreement is part of the Mortgage Loan File delivered to the
      Custodian and the terms of which are reflected in the related Mortgage Loan
      Schedule;

     

    (v)  No
      Defenses.  The Mortgage Loan is not subject to any right of
      rescission, set-off, counterclaim or defense, including without limitation
      the
      defense of usury, nor will the operation of any of the terms of the Mortgage
      Note or the Mortgage, or the exercise of any right thereunder, render either
      the
      Mortgage Note or the Mortgage unenforceable, in whole or in part, or subject
      to
      any right of rescission, set-off, counterclaim or defense, including without
      limitation the defense of usury, and no such right of rescission, set-off,
      counterclaim or defense has been asserted with respect thereto, and no Mortgagor
      was a debtor in any state or federal bankruptcy or insolvency proceeding at
      the
      time the Mortgage Loan was originated;

     

    (vi)  Hazard
      Insurance.  All buildings or other improvements upon the Mortgaged
      Property are insured by a generally acceptable insurer against loss by fire,
      hazards of extended coverage and such other hazards as are customary in the
      area
      where the Mortgaged Property is located pursuant to insurance policies
      conforming to the requirements of Section 4.10. If the Mortgaged Property is
      in
      an area identified in the Federal Register by the Federal Emergency Management
      Agency as having special flood hazards (and such flood insurance has been made
      available) a flood insurance policy meeting the requirements of the current
      guidelines of the Federal Flood Insurance Administration is in effect which
      policy conforms to the requirements of Section 4.10. All individual insurance
      policies contain a standard mortgagee clause naming the Company and its
      successors and assigns as mortgagee, and all premiums thereon have been paid.
      The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance
      policy at the Mortgagor’s cost and expense, and on the Mortgagor’s failure to do
      so, authorizes the holder of the Mortgage to obtain and maintain such insurance
      at such Mortgagor’s cost and expense, and to seek reimbursement therefor from
      the Mortgagor. Where required by state law or regulation, the Mortgagor has
      been
      given an opportunity to choose the carrier of the required hazard insurance,
      provided the policy is not a “master” or “blanket” hazard insurance policy
      covering the common facilities of a planned unit development. The hazard
      insurance policy is the valid and binding obligation of the insurer, is in
      full
      force and effect, and will be in full force and effect and inure to the benefit
      of the Purchaser upon the consummation of the transactions contemplated by
      this
      Agreement. The Company has not engaged in, and has no knowledge of the
      Mortgagor, any Subservicer or any prior originator or subservicer having engaged
      in, any act or omission which would impair the coverage of any such policy,
      the
      benefits of the endorsement provided for herein, or the validity and binding
      effect of either, including without limitation, no unlawful fee, unlawful
      commission, unlawful kickback or other unlawful compensation or value of any
      kind has been or will be received, retained or realized by any attorney, firm
      or
      other person or entity, and no such unlawful items have been received, retained
      or realized by the Company;

     

    (vii)  Compliance
      with Applicable Laws.  Any and all requirements of any federal,
      state or local law including, without limitation, usury, truth-in-lending,
      predatory and abusive lending laws, real estate settlement procedures, consumer
      credit protection, equal credit opportunity or disclosure laws applicable to
      the
      origination and servicing of the Mortgage Loan have been complied with, and
      the
      Company shall maintain in its possession, available for the Purchaser’s
      inspection, and shall deliver to the Purchaser upon demand, evidence of
      compliance with all such requirements;

     

    (viii)  No
      Satisfaction of Mortgage.  The Mortgage has not been satisfied,
      canceled, subordinated or rescinded, in whole or in part, and the 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, subordination or rescission. The Company has not waived the
      performance by the Mortgagor of any action, if the Mortgagor’s failure to
      perform such action would cause the Mortgage Loan to be in default, nor has
      the
      Company waived any default resulting from any action or inaction by the
      Mortgagor;

     

    (ix)  Location
      and Type of Mortgaged Property.  The Mortgaged Property is a fee
      simple or leasehold property located in the state identified in the related
      Mortgage Loan Schedule and consists of a parcel of real property with a detached
      single family residence erected thereon, or a two- to four-family dwelling,
      or
      an individual condominium unit in a low-rise condominium project, or an
      individual unit in a planned unit development, provided, however, that any
      condominium project or planned unit development shall conform with the Company’s
      Underwriting Guidelines regarding such dwellings, and no residence or dwelling
      is a mobile home or a manufactured dwelling. No portion of the Mortgaged
      Property is used for commercial purposes;

     

    (x)  Valid
      First Lien.  The Mortgage is a valid, subsisting, enforceable and
      perfected first lien on the Mortgaged Property, including all buildings and
      improvements on the Mortgaged Property, and all additions, alterations and
      replacements made at any time with respect to the foregoing. The lien of the
      Mortgage is subject only to:

     

      (1)                 the
      lien of current real property taxes and assessments not yet due and
      payable;

     

      (2)                 covenants,
      conditions and restrictions, rights of way, easements and other matters of
      the
      public record as of the date of recording acceptable to mortgage lending
      institutions generally and specifically referred to in the lender’s title
      insurance policy delivered to the originator of the Mortgage Loan and (i)
      referred to or to otherwise considered in the appraisal made for the originator
      of the Mortgage Loan or (ii) which do not adversely affect the Appraised Value
      of the Mortgaged Property set forth in such appraisal; and

     

      (3)                 other
      matters to which like properties are commonly subject which do not materially
      interfere with the benefits of the security intended to be provided by the
      mortgage or the use, enjoyment, value or marketability of the related Mortgaged
      Property.

     

    Any
      security agreement, chattel mortgage or equivalent document related to and
      delivered in connection with the Mortgage Loan establishes and creates a valid,
      subsisting and enforceable first lien and first priority security interest
      on
      the property described therein and the Company has full right to sell and assign
      the same to the Purchaser. The Mortgaged Property was not, as of the date of
      origination of the Mortgage Loan, subject to a mortgage, deed of trust, deed
      to
      secured debt or other security instrument creating a lien subordinate to the
      lien of the Mortgage;

     

    (xi)  Validity
      of Mortgage Documents.  The Mortgage Note and the Mortgage are
      genuine, and each is the legal, valid and binding obligation of the maker
      thereof enforceable in accordance with its terms. All parties to the Mortgage
      Note and the Mortgage and any other related agreement had legal capacity to
      enter into the Mortgage Loan and to execute and deliver the Mortgage Note and
      the Mortgage and any other related agreement, and the Mortgage Note and the
      Mortgage have been duly and properly executed by such parties. The documents,
      instruments and agreements submitted for loan underwriting were not falsified
      and contain no untrue statement of material fact or omit to state a material
      fact required to be stated therein or necessary to make the information and
      statements therein not misleading. No fraud was committed in connection with
      the
      origination of the Mortgage Loan. The Company has reviewed all of the documents
      constituting the Servicing File and has made such inquiries as it deems
      necessary to make and confirm the accuracy of the representations set forth
      herein;

    No
      misrepresentation, negligence, fraud or similar occurrence with respect to
      a
      Mortgage Loan has taken place on the part of any person, including without
      limitation the Mortgagor, any appraiser, any builder or developer, or any other
      party involved in the origination of the Mortgage Loan or in the application
      of
      any insurance in relation to such Mortgage Loan.

     

     

    (xii)  Full
      Disbursement of Proceeds.  The Mortgage Loan has been closed and
      the proceeds of the Mortgage Loan have been fully disbursed to or for the
      account of the Mortgagor and there is no requirement for future advances
      thereunder, and any and all requirements as to completion of any on-site or
      off-site improvement and as to disbursements of any escrow funds therefor have
      been complied with. All costs, fees and expenses incurred in making or closing
      the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor
      is not entitled to any refund of any amounts paid or due under the Mortgage
      Note
      or Mortgage;

     

    (xiii)  Ownership.  The
      Company is the sole owner of record and holder of the Mortgage Loan. The
      Mortgage Loan is not assigned or pledged, and the Company has good and
      marketable title thereto, and has full right to transfer and sell the Mortgage
      Loan therein to the Purchaser free and clear of any encumbrance, equity,
      participation interest, lien, pledge, charge, claim or security interest, and
      has full right and authority subject to no interest or participation of, or
      agreement with, any other party, to sell and assign each Mortgage Loan pursuant
      to this Agreement;

     

    (xiv)  Doing
      Business.  All parties which have had any interest in the Mortgage
      Loan, whether as mortgagee, assignee, pledgee or otherwise, are (or, during
      the
      period in which they held and disposed of such interest, were) (1) in compliance
      with any and all applicable doing business’ and licensing requirements of the
      laws of the state wherein the Mortgaged Property is located, and (2) (a)
      organized under the laws of such state, (b) qualified to do business in such
      state, (c) federal savings and loan associations or national banks having
      principal offices in such state, or (d) not doing business in such
      state;

     

    (xv)  LTV,
      PMI Policy.  No Mortgage Loan has a LTV equal to or greater than
      95%. The original LTV of the Mortgage Loan either was not more than 80% or
      (i)
      the excess over 75% is and will be insured as to payment defaults by a PMI
      Policy until the LTV of such Mortgage Loan is reduced to 80%, or (ii) is subject
      to an LPMI Policy, which will stay in effect for the life of the Mortgage
      Loan.  All provisions of such PMI Policy have been and are being
      complied with, such policy is in full force and effect, and all premiums due
      thereunder have been paid. No action, inaction, or event has occurred and no
      state of facts exists that has, or will result in the exclusion from, denial
      of,
      or defense to coverage. Any Mortgage Loan subject to a PMI Policy obligates
      the
      Mortgagor thereunder to maintain the PMI Policy and to pay all premiums and
      charges in connection therewith; provided, that, with respect to LPMI Loans,
      the
      related Servicer is obligated thereunder to maintain the LPMI Policy and to
      pay
      all premiums and charges in connection therewith..  The Mortgage
      Interest Rate for the Mortgage Loan as set forth on the related Mortgage Loan
      Schedule is net of any such insurance premium;

     

    (xvi)  Title
      Insurance.  The Mortgage Loan is covered by either (i) an
      attorney’s opinion of title and abstract of title the form and substance of
      which is acceptable to mortgage lending institutions making mortgage loans
      in
      the area where the Mortgaged Property is located or (ii) an ALTA lender’s title
      insurance policy or other generally acceptable form of policy of insurance
      acceptable to Fannie Mae or Freddie Mac, issued by a title insurer acceptable
      to
      Fannie Mae or Freddie Mac and qualified to do business in the jurisdiction
      where
      the Mortgaged Property is located, insuring the Company, its successors and
      assigns, as to the first priority lien of the Mortgage in the original principal
      amount of the Mortgage Loan (or to the extent that a Mortgage Note provides
      for
      negative amortization, the maximum amount of negative amortization in accordance
      with the Mortgage), subject only to the exceptions contained in clauses (1),
      (2)
      and (3) of paragraph (j) of this Section 3.02. Where required by state law
      or
      regulation, the Mortgagor has been given the opportunity to choose the carrier
      of the required mortgage title insurance. Additionally, such lender’s title
      insurance policy affirmatively insures ingress and egress, and against
      encroachments by or upon the Mortgaged Property or any interest therein. The
      Company is the sole insured of such lender’s title insurance policy, and such
      lender’s title insurance policy is in full force and effect and will be in force
      and effect upon the consummation of the transactions contemplated by this
      Agreement. No claims have been made under such lender’s title insurance policy,
      and no prior holder of the Mortgage, including the Company, has done, by act
      or
      omission, anything which would impair the coverage of such lender’s title
      insurance policy including without limitation, no unlawful fee, commission,
      kickback or other unlawful compensation or value of any kind has been or will
      be
      received, retained or realized by any attorney, firm or other person or entity,
      and no such unlawful items have been received, retained or realized by the
      Company;

     

    (xvii)  No
      Defaults.  There is no default, breach, violation or event of
      acceleration existing under the Mortgage or the Mortgage Note and no event
      which, with the passage of time or with notice and the expiration of any grace
      or cure period, would constitute a default, breach, violation or event of
      acceleration, and neither the Company nor its predecessors have waived any
      default, breach, violation or event of acceleration;

     

    (xviii)  No
      Mechanics’ Liens.  There are no mechanics’ or similar liens or
      claims which have been filed for work, labor or material (and no rights are
      outstanding that under the law could give rise to such liens) affecting the
      related Mortgaged Property which are or may be liens prior to, or equal or
      coordinate with, the lien of the related Mortgage;

     

    (xix)  Location
      of Improvements; No Encroachments.  All improvements which were
      considered in determining the Appraised Value of the Mortgaged Property lay
      wholly within the boundaries and building restriction lines of the Mortgaged
      Property and no improvements on adjoining properties encroach upon the Mortgaged
      Property. No improvement located on or being part of the Mortgaged Property
      is
      in violation of any applicable zoning law or regulation;

     

    (xx)  Origination:
      Payment Terms. Such Mortgage Loan was originated by a savings and loan
      association, savings bank, commercial bank, credit union, insurance company,
      or
      similar institution which is supervised and examined by a federal or state
      authority, or by a mortgagee approved by the Secretary of Housing and Urban
      Development pursuant to sections 203 and 211 of the National Housing Act. The
      Mortgage Interest Rate is the interest rate set forth in the Mortgage
      Note.  The Mortgage Note is payable each month in equal monthly
      installments of principal and interest, with interest calculated and payable
      in
      arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity
      date, over an original term of not more than thirty years from commencement
      of
      amortization. There is no negative amortization;

     

    (xxi)  Customary
      Provisions.  The Mortgage and the related Mortgage Note contains
      customary and enforceable provisions such as to render the rights and remedies
      of the holder thereof adequate for the realization against the Mortgaged
      Property of the benefits of the security provided thereby, including, (i) in
      the
      case of a Mortgage designated as a deed of trust, by trustee’s sale, and (ii)
      otherwise by judicial foreclosure. Upon default by a Mortgagor on a Mortgage
      Loan and foreclosure on, or trustee’s sale of, the Mortgaged Property pursuant
      to the proper procedures, the holder of the Mortgage Loan will be able to
      deliver good and merchantable title to the Mortgaged Property. There is no
      homestead or other exemption available to a Mortgagor which would interfere
      with
      the right to sell the Mortgaged Property at a trustee’s sale or the right to
      foreclose the Mortgage;

     

    (xxii)  Conformance
      with Underwriting Guidelines.  The Mortgage Loan was underwritten
      in accordance with the Company’s Underwriting Guidelines in effect at the time
      the Mortgage Loan was originated. The Mortgage Loan is in conformity with the
      standards of Freddie Mac or Fannie Mae under one of their respective home
      mortgage purchase programs (except that the principal balance of certain
      Mortgage Loans may have exceeded the limits of Fannie Mae and Freddie Mac)
      and
      the Mortgage Note and Mortgage are on forms acceptable to Freddie Mac or Fannie
      Mae;

     

    (xxiii)  Occupancy
      of the Mortgaged Property.  As of the related Closing Date the
      Mortgaged Property is lawfully occupied under applicable law. All inspections,
      licenses and certificates required to be made or issued with respect to all
      occupied portions of the Mortgaged Property and, with respect to the use and
      occupancy of the same, including but not limited to certificates of occupancy
      and fire underwriting certificates, have been made or obtained from the
      appropriate authorities.  Except as otherwise stated on the Mortgage
      Loan Schedule, the Mortgagor represented at the time of origination of the
      Mortgage Loan that the Mortgagor would occupy the Mortgaged Property as the
      Mortgagor’s primary residence;

     

    (xxiv)  No
      Additional Collateral.  The Mortgage Note is not and has not been
      secured by any collateral except the lien of the corresponding Mortgage and
      the
      security interest of any applicable security agreement or chattel mortgage
      referred to in (j) above;

     

    (xxv)  Deeds
      of Trust.  In the event the Mortgage constitutes a deed of trust,
      a trustee, duly qualified under applicable law to serve as such, has been
      properly designated and currently so serves and is named in the Mortgage, and
      no
      fees or expenses are or will become payable by the Purchaser to the trustee
      under the deed of trust, except in connection with a trustee’s sale after
      default by the Mortgagor;

     

    (xxvi)  Acceptable
      Investment.  The Company has no knowledge of any circumstances or
      conditions with respect to the Mortgage, the Mortgaged Property, the Mortgagor
      or the Mortgagor’s credit standing that can reasonably be expected to cause
      private institutional investors to regard the Mortgage Loan as an unacceptable
      investment, cause the Mortgage Loan to become delinquent, or adversely affect
      the value or marketability of the Mortgage Loan;

     

    (xxvii)  Delivery
      of Mortgage Documents.  The Mortgage Note, the Mortgage, the
      Assignment of Mortgage and any other documents required to be delivered for
      the
      Mortgage Loan by the Company under this Agreement as set forth in Exhibit
      C attached hereto have been delivered to the Custodian. The Company is in
      possession of a complete, true and accurate Mortgage File in compliance with
      Exhibit B, except for such documents the originals of which have been
      delivered to the Custodian;

     

    (xxviii)  Condominiums/Planned
      Unit Developments.  If the dwelling on the Mortgaged Property is a
      condominium unit or a planned unit development (other than a de minimus planned
      unit development) such condominium or planned unit development project meets
      Fannie Mae and Freddie Mac eligibility requirements.

     

    (xxix)  Transfer
      of Mortgage Loans.  The Assignment of Mortgage is in recordable
      form and is acceptable for recording under the laws of the jurisdiction in
      which
      the Mortgaged Property is located;

     

    (xxx)  Due
      on
      Sale.  The Mortgage contains an enforceable provision for the
      acceleration of the payment of the unpaid principal balance of the Mortgage
      Loan
      in the event that the Mortgaged Property is sold or transferred without the
      prior written consent of the Mortgagor thereunder;

     

    (xxxi)  Consolidation
      of Future Advances.  Any future advances made prior to the related
      Cut-off Date have been consolidated with the outstanding principal amount
      secured by the Mortgage, and the secured principal amount, as consolidated,
      bears a single interest rate and single repayment term. The lien of the Mortgage
      securing the consolidated principal amount is expressly insured as having first
      lien priority by a title insurance policy, an endorsement to the policy insuring
      the mortgagee’s consolidated interest or by other title evidence acceptable to
      Fannie Mae and Freddie Mac. The consolidated principal amount does not exceed
      the original principal amount of the Mortgage Loan;

     

    (xxxii)  Mortgaged
      Property Undamaged.  There is no proceeding pending or, to the
      best of the Company’s knowledge, threatened for the total or partial
      condemnation of the Mortgaged Property. The Mortgaged Property is undamaged
      by
      waste, fire, earthquake or earth movement, windstorm, flood, tornado or other
      casualty so as to affect adversely the value of the Mortgaged Property as
      security for the Mortgage Loan or the use for which the premises were intended;
      and

     

    (xxxiii)  Collection
      Practices; Escrow Deposits.  The origination, servicing and
      collection practices used with respect to the Mortgage Loan have been in
      accordance with Accepted Servicing Practices, and have been in all respects
      in
      compliance with all applicable laws and regulations. The Mortgage Loan has
      been
      serviced by the Company and any predecessor servicer in accordance with the
      terms of the Mortgage Note.  With respect to escrow deposits and
      Escrow Payments, all such payments are in the possession of the Company and
      there exist no deficiencies in connection therewith for which customary
      arrangements for repayment thereof have not been made. All Escrow Payments
      have
      been collected in full compliance with state and federal law. An escrow of
      funds
      is not prohibited by applicable law and has been established in an amount
      sufficient to pay for every item which remains unpaid and which has been
      assessed but is not yet due and payable. No escrow deposits or Escrow Payments
      or other charges or payments due the Company have been capitalized under the
      Mortgage or the Mortgage Note and no such escrow deposits or Escrow Payments
      are
      being held by the Company for any work on a Mortgaged Property which has not
      been completed;

     

    (xxxiv)  Appraisal.  The
      Mortgage File contains an appraisal of the related Mortgage Property signed
      prior to the approval of the Mortgage Loan application by a qualified appraiser,
      duly appointed by the Company, who had no interest, direct or indirect in the
      Mortgaged Property or in any loan made on the security thereof; and whose
      compensation is not affected by the approval or disapproval of the Mortgage
      Loan, and the appraisal and appraiser both satisfy the requirements of
      Title XI of the Federal Institutions Reform, Recovery, and Enforcement Act
      of 1989 and the regulations promulgated thereunder, all as in effect on the
      date
      the Mortgage Loan was originated;

     

    (xxxv)  Soldiers’
      and Sailors’ Relief Act.  The Mortgagor has not notified the
      Company, and the Company has no knowledge of any relief requested or allowed
      to
      the Mortgagor under the Soldiers’ and Sailors’ Civil Relief Act of 1940, as
      amended;

     

    (xxxvi)  Environmental
      Matters.  The Mortgaged Property is free from any and all toxic or
      hazardous substances and there exists no violation of any local, state or
      federal environmental law, rule or regulation. To the best of the Company’s
      knowledge, there is no pending action or proceeding directly involving any
      Mortgaged Property of which the Company is aware in which compliance with any
      environmental law, rule or regulation is an issue; and to the best of the
      Company’s knowledge, nothing further remains to be done to satisfy in full all
      requirements of each such law, rule or regulation consisting a prerequisite
      to
      use and enjoyment of said property;

     

    (xxxvii)  Insurance.  The
      Company has caused or will cause to be performed any and all acts required
      to
      preserve the rights and remedies of the Purchaser in any insurance policies
      applicable to the Mortgage Loans including, without limitation, any necessary
      notifications of insurers, assignments of policies or interests therein, and
      establishments of coinsured, joint loss payee and mortgagee rights in favor
      of
      the Purchaser;  No action, inaction, or event has occurred and no
      state of fact exists or has existed that has resulted or will result in the
      exclusion from, denial of, or defense to coverage under any applicable pool
      insurance policy, special hazard insurance policy, PMI Policy or bankruptcy
      bond, irrespective of the cause of such failure of coverage. In connection
      with
      the placement of any such insurance, no commission, fee, or other compensation
      has been or will be received by the Company or any designee of the Company
      or
      any corporation in which the Company or any officer, director, or employee
      had a
      financial interest at the time of placement of such insurance;

     

    (xxxviii)  Regarding
      the Mortgagor.  The Mortgagor is one or more natural persons
      and/or trustees for an Illinois land trust or a trustee under a “living trust”
and such “living trust” is in compliance with Fannie Mae guidelines for such
      trusts;

     

    (xxxix)  High
      Cost Loans.  No Mortgage Loan is (a) subject to the provisions of
      the Homeownership and Equity Protection Act of 1994 as amended (“HOEPA”), (b) a
“high cost” mortgage loan, “covered” mortgage loan or “predatory” or
“abusive”  mortgage loan or any other comparable term, no matter how
      defined, under any federal, state or local law including, without limitation,
      Section 6-L of the New York Banking Law or (c) subject to any comparable
      federal, state or local statutes or regulations, including, without limitation,
      the provisions of the Georgia Fair Lending Act, the City of Oakland, California
      Anti-Predatory Lending Ordinance No. 12361 or any other statute or regulation
      providing assignee liability or enhanced regulatory scrutiny to holders of
      such
      mortgage loans.  The total combined points and fees charged in
      connection wit the origination of the Mortgage Loan does not exceed 5% of the
      original principal balance of the Mortgage Loan;

     

    (xl)  Simple
      Interest Mortgage Loans.  None of the Mortgage Loans are simple
      interest Mortgage Loans;

     

    (xli)   Single
      Premium Credit Life Insurance.  None of the proceeds of the
      Mortgage Loan were used to finance single-premium credit life insurance
      policies;

     

    (xlii)  Tax
      Service Contract The Company has obtained a life of loan, transferable real
      estate Tax Service Contract on each Mortgage Loan with an Approved Tax Servicer
      Contract Provider and such contract is assignable without penalty, premium
      or
      cost to the Purchaser;

     

    (xliii)  Flood
      Certification Contract. The Company has obtained a life of loan,
      transferable flood certification contract with an Approved Flood Policy Insurer
      acceptable to Purchaser in its sole discretion for each Mortgage Loan and such
      contract is assignable without penalty, premium or cost to the
      Purchaser;

     

    (xliv)  FICO
      Scores. Each Mortgage Loan
      has a non-zero FICO score;

     

    (xlv)  [Reserved]

     

    (xlvi)  Recordation.  Each
      original Mortgage was recorded and all subsequent assignments of the original
      Mortgage (other than the assignment to the Purchaser) have been recorded in
      the
      appropriate jurisdictions wherein such recordation is necessary to perfect
      the
      lien thereof as against creditors of the Company, or is in the process of being
      recorded;

     

    (xlvii)  Leaseholds.  If
      the Mortgage Loan is secured by a long-term residential lease, (1) the lessor
      under the lease holds a fee simple interest in the land; (2) the terms of such
      lease expressly permit the mortgaging of the leasehold estate, the assignment
      of
      the lease without the lessor’s consent and the acquisition by the holder of the
      Mortgage of the rights of the lessee upon foreclosure or assignment in lieu
      of
      foreclosure or provide the holder of the Mortgage with substantially similar
      protections; (3) the terms of such lease do not (a) allow the termination
      thereof upon the lessee’s default without the holder of the Mortgage being
      entitled to receive written notice of, and opportunity to cure, such default,
      (b) allow the termination of the lease in the event of damage or destruction
      as
      long as the Mortgage is in existence, (c) prohibit the holder of the Mortgage
      from being insured (or receiving proceeds of insurance) under the hazard
      insurance policy or policies relating to the Mortgaged Property or (d) permit
      any increase in rent other than pre-established increases set forth in the
      lease; (4) the original term of such lease is not less than 15 years; (5) the
      term of such lease does not terminate earlier than five years after the maturity
      date of the Mortgage Note; and (6) the Mortgaged Property is located in a
      jurisdiction in which the use of leasehold estates in transferring ownership
      in
      residential properties is a widely accepted practice;

     

    (xlviii)  Payment
      in Full:  No Mortgage Loan will be paid in full on or prior to the
      related Closing Date;

     

    (xlix)  Delinquency
      information.  The information delivered by the Seller to the
      Purchaser with respect to the Seller’s loan loss, foreclosure and delinquency
      experience for the twelve (12) months immediately preceding the Initial Closing
      Date on mortgage loans underwritten to the same standards as the Mortgage Loans
      and covering mortgaged properties similar to the Mortgaged Properties, is true
      and correct in all material respects;

    (xx)           The
      Mortgage Note, the Mortgage, the Assignment of Mortgage and any other documents
      required to be delivered with respect to each Mortgage Loan pursuant; have
      been
      delivered in compliance with the specific requirements hereof.  With
      respect to each Mortgage Loan, the Company is in possession of a complete
      Mortgage File in compliance with Exhibit B, except for such documents as have
      been delivered to the Custodian;

     

     

    (yy)  Interest
      Rate.  Interest on each Mortgage Loan is calculated on the basis of a
      360-day year consisting of twelve 30-day months;

     

    (zz)  Advances:
      No Buydowns; No Graduated Payments.  No Mortgage Loan contains
      provisions pursuant to which Monthly payments are (a) paid or partially paid
      with funds deposited in any separate account established by the Company, the
      Mortgagor or (c) contains any other similar provisions which may constitute
      a
“buydown” provision.  The Mortgage Loan is not a graduated payment
      mortgage loan and the Mortgage Loan does not have a shared appreciation or
      other
      contingent interest feature.  No Mortgage Loan has a balloon payment
      feature.  No Mortgage Loan has a balloon payment feature;

     

    (aaa)  Construction
      Loan.  No Mortgage Loan was made in connection with (a) the
      construction or rehabilitation of a Mortgaged Property or (b) facilitating
      the
      trade in or exchange of a Mortgaged Property;

     

    (bbb)  No
      predatory, abusive or deceptive lending practices, including but not limited
      to,
      the extension of credit to a mortgagor without regard for the mortgagor’s
      ability to repay the Mortgage Loan and the extension of credit to a mortgagor
      which has no apparent benefit to the mortgagor, were employed in connection
      with
      the origination of the Mortgage Loan;

     

    (ccc)  No
      Mortgagor was required to purchase any credit life, disability, accident or
      health insurance  product as a condition of obtaining the extension of
      credit.  No Mortgagor obtained a prepaid single premium credit life,
      disability, accident or health insurance  policy in connection with
      the origination of the Mortgage Loan.  No proceeds from any Mortgage
      Loan were used to purchase single premium credit insurance policies as part
      of
      the origination of, or as a condition to closing, such Mortgage
      Loan;

     

    (ddd)  If
      applicable to the Company or any subsequent Owner, the Mortgage Loan complies
      with all applicable consumer credit statutes and regulations, including, without
      limitation, the respective Uniform Consumer Credit Code laws in effect in
      Colorado, Idaho, Indiana, Iowa, Kansas, Maine, Oklahoma, South Carolina, Utah
      and Wyoming, has been originated by a properly licensed entity, and in all
      other
      respects, complies with all of the material requirements of any such applicable
      laws;

     

    (eee)  [Reserved];

     

    (fff)  If
      applicable to the Company or any subsequent Owner, except as set forth on the
      related Mortgage Loan Schedule, none of the Mortgage Loans are subject to a
      prepayment penalty.  For any Mortgage Loan originated prior to October
      1, 2002 that is subject to a prepayment penalty, such prepayment penalty does
      not extend beyond five years after the date of origination.  For any
      Mortgage Loan originated on or following October 1, 2002 that is subject to
      a
      prepayment penalty, such prepayment penalty does not extend beyond three years
      after the date of origination.  With respect to any Mortgage Loan that
      contains a provision permitting imposition of a premium upon a prepayment prior
      to maturity: (i) prior to the Mortgage Loan's origination, the Mortgagor agreed
      to such premium in exchange for a monetary benefit, including but not limited
      to
      a rate or fee reduction, (ii) prior to the Mortgage Loan's origination, the
      Mortgagor was offered the option of obtaining a Mortgage Loan that did not
      require payment of such a premium, (iii) the prepayment premium is disclosed
      to
      the Mortgagor in the loan documents pursuant to applicable state and federal
      law, and (iv) notwithstanding any state or federal law to the contrary, the
      Seller shall not impose such prepayment premium in any instance when the
      mortgage debt is accelerated as the result of the Mortgagor's default in making
      the loan payments;

     

    (ggg)  The
      Seller has complied with all applicable anti-money laundering laws and
      regulations, including without limitation the USA Patriot Act of 2001
      (collectively, the “Anti-Money Laundering Laws”); the Seller has established an
      anti-money laundering compliance program as required by the Anti-Money
      Laundering Laws, has conducted the requisite due diligence in connection with
      the origination of each Mortgage Loan for purposes of the Anti-Money Laundering
      Laws, including with respect to the legitimacy of the applicable Mortgagor
      and
      the origin of the assets used by the said Mortgagor to purchase the property
      in
      question, and maintains, and will maintain, sufficient information to identify
      the applicable Mortgagor for purposes of the Anti-Money Laundering
      Laws;

     

    (hhh)  No
      Mortgage Loan is secured by real property or secured  by a
      manufactured home located in the state of Georgia unless (x) such Mortgage
      Loan
      was originated prior to October 1, 2002 or after March 6, 2003, or (y) the
      property securing the Mortgage Loan is not, nor will be, occupied by the
      Mortgagor as the Mortgagor's principal dwelling.  No Mortgage Loan is
      a “High Cost Home Loan” as defined in the Georgia Fair Lending Act, as amended
      (the “Georgia Act”).   Each Mortgage Loan that is a “Home Loan”
under the Georgia Act complies with all applicable provisions of the Georgia
      Act. No Mortgage Loan secured by owner occupied real property or an owner
      occupied manufactured home located in the State of Georgia was originated (or
      modified) on or after October 1, 2002 through and including March 6, 2003,
      if
      applicable to the Company or any subsequent Owner;

     

    (iii)  If
      applicable to the Company or any subsequent Owner, n o Mortgagor was encouraged
      or required to select a Mortgage Loan product offered by the Mortgage Loan's
      originator which is a higher cost product designed for less creditworthy
      borrowers, unless at the time of the Mortgage Loan's origination, such Mortgagor
      did not qualify taking into account credit history and debt to income ratios
      for
      a lower cost credit product then offered by the Mortgage Loan's originator
      or
      any affiliate of the Mortgage Loan's originator.  If, at the time of
      loan application, the Mortgagor may have qualified for a for a lower cost credit
      product then offered by any mortgage lending affiliate of the Mortgage Loan's
      originator, the Mortgage Loan's originator referred the Mortgagor's application
      to such affiliate for underwriting consideration;

     

    (jjj)  The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      employs objective mathematical principles which relate the Mortgagor's income,
      assets and liabilities to the proposed payment and such underwriting methodology
      does not rely on the extent of the Mortgagor's equity in the collateral as
      the
      principal determining factor in approving such credit extension.  Such
      underwriting methodology confirmed that at the time of origination
      (application/approval) the Mortgagor had a reasonable ability to make timely
      payments on the Mortgage Loan; 

     

    (kkk)  All
      fees
      and charges (including finance charges) and whether or not financed, assessed,
      collected or to be collected in connection with the origination and servicing
      of
      each Mortgage Loan have been disclosed in writing to the Mortgagor in accordance
      with applicable state and federal law and regulation;

     

    (lll)  With
      respect to each Mortgage Loan, neither the related Mortgage nor the related
      Mortgage Note requires the Mortgagor to submit to arbitration to resolve any
      dispute arising out of or relating in any way to the Mortgage Loan
      transaction;

     

    (mmm)  With
      respect to any Mortgage Loan for which a mortgage loan application was submitted
      by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by a
      Mortgage Property located in the State of Illinois is in violation of the
      provisions of the Illinois Interest Act, including Section 4.1a which provides
      that no such Mortgage Loan with a Mortgage Interest Rate in excess of 8.0%
      per
      annum has lender-imposed fees (or other charges) in excess of 3.0% of the
      original principal balance of the Mortgage Loan; and

     

    (nnn)  No
      Mortgage Loan originated on or after November 7, 2004 secured by a Mortgaged
      Property located in the State of Massachusetts is a Refinanced Mortgage
      Loan.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      H

    

    Representation
      and Warranties with respect to the Opteum Mortgage Loans

     

    Except
      for “Mortgage Loans”, which shall mean the Opteum Mortgage Loans sold by the
      Seller to the Purchaser, and “Originator”, which shall mean Opteum, all
      capitalized terms in this Exhibit H shall have the meanings ascribed to them
      in
      the Opteum Purchase Agreement.

     

    As
      to
      each Mortgage Loan, the Company hereby represents and warrants to the Purchaser
      that as of the related Closing Date:

     

    (i)  Mortgage
      Loans as Described.  The information set forth in the related
      Mortgage Loan Schedule and the Mortgage Loan data delivered to the Purchaser
      in
      the Data File is complete, true and correct. The Mortgage Loan is in compliance
      with all requirements set forth in the related Confirmation, and the
      characteristics of the related Mortgage Loan Package as set forth in the related
      Confirmation are true and correct;

     

    (ii)  Payments
      Current. All payments required to be made up to the close of business on the
      Closing Date for such Mortgage Loan under the terms of the Mortgage Note have
      been made; the Seller has not advanced funds, or induced, solicited or knowingly
      received any advance of funds from a party other than the owner of the related
      Mortgaged Property, directly or indirectly, for the payment of any amount
      required by the Mortgage Note or Mortgage.  There has been no
      delinquency, exclusive of any period of grace, in any payment by the Mortgagor
      thereunder since the origination of the Mortgage Loan;

     

    (iii)  No
      Outstanding Charges. There are no delinquent taxes, ground rents, water
      charges, sewer rents, assessments, insurance premiums, leasehold payments,
      including assessments payable in future installments or other outstanding
      charges affecting the related Mortgaged Property;

     

    (iv)  Location
      and Type of Mortgaged Property. The Mortgaged Property is located in the
      state identified in the related Mortgage Loan Schedule and is improved by a
      Residential Dwelling;

     

    (v)  Original
      Terms Unmodified. The terms of the Mortgage Note and the Mortgage have not
      been impaired, waived, altered or modified in any respect, except by written
      instruments, recorded in the applicable public recording office or registered
      with the MERS System if necessary to maintain the lien priority of the Mortgage,
      and which have been delivered to the Purchaser; the substance of any such
      waiver, alteration or modification has been approved by the insurer under the
      Primary Insurance Policy or LPMI Policy, if any, and the title insurer, to
      the
      extent required by the related policy, and is reflected on the related Mortgage
      Loan Schedule. No instrument of waiver, alteration or modification has been
      executed, and no Mortgagor has been released, in whole or in part, except in
      connection with an assumption agreement approved by the insurer under the
      Primary Insurance Policy or LPMI Policy, if any, the title insurer, to the
      extent required by the policy, and which assumption agreement has been delivered
      to the Purchaser and the terms of which are reflected in the related Mortgage
      Loan Schedule;

     

    (vi)  No
      Defenses.  The Mortgage Note and the Mortgage are not subject to
      any right of rescission, set off, counterclaim or defense, including the defense
      of usury, nor will the operation of any of the terms of the Mortgage Note and/or
      the Mortgage, or the exercise of any right thereunder, render the Mortgage
      unenforceable, in whole or in part, or subject to any right of rescission,
      set
      off, counterclaim or defense, including the defense of usury and no such right
      of rescission, set off, counterclaim or defense has been asserted with respect
      thereto, and there is no basis for the Mortgage Loan to be modified or reformed
      without the consent of the Mortgagor under applicable law;

     

    (vii)  Conformance
      with Underwriting Guidelines and Agency Standards. The Mortgage Loan was
      underwritten in accordance with the Underwriting Guidelines of the Seller in
      effect at the time the Mortgage Loan was originated; and the Mortgage Note
      and
      Mortgage are on forms acceptable to Fannie Mae and Freddie Mac;

     

    (viii)  Hazard
      Insurance. All buildings upon the Mortgaged Property are insured by a
      Qualified Insurer acceptable to Fannie Mae and Freddie Mac against loss by
      fire,
      hazards of extended coverage and such other hazards as are customary in the
      area
      where the Mortgaged Property is located, in an amount not less than the lesser
      of (i) 100% of the replacement cost of all improvements to the Mortgaged
      Property and (ii) either (A) the outstanding principal balance of the Mortgage
      Loan with respect to each first lien Mortgage Loan or (B) with respect to each
      Second Lien Mortgage Loan, the sum of the outstanding principal balance of
      the
      related first lien mortgage loan and the outstanding principal balance of the
      Second Lien Mortgage Loan; provided, however, in no event shall the amount
      of
      insurance be less than the amount necessary to avoid the operation of any
      co-insurance provisions with respect to the Mortgaged Property. All such
      insurance policies contain a standard mortgagee clause naming the Seller, its
      successors and assigns as mortgagee and all premiums thereon have been
      paid.  If the Mortgaged Property is in an area identified on a Flood
      Hazard Map or Flood Insurance Rate Map issued by the Federal Emergency
      Management Agency as having special flood hazards (and such flood insurance
      has
      been made available) a flood insurance policy meeting the requirements of the
      current guidelines of the Federal Insurance Administration is in effect which
      policy conforms to the requirements of Fannie Mae and Freddie
      Mac.  The Mortgage obligates the Mortgagor thereunder to maintain all
      such insurance at the Mortgagor’s cost and expense, and on the Mortgagor’s
      failure to do so, authorizes the holder of the Mortgage to maintain such
      insurance at Mortgagor’s cost and expense and to seek reimbursement therefor
      from the Mortgagor;

     

    (ix)  Compliance
      with Laws. Any and all requirements of any federal, state or local law
      including, without limitation, usury, truth in lending, real estate settlement
      procedures, consumer credit protection, equal credit opportunity, fair housing,
      disclosure laws and all predatory, abusive and fair lending laws applicable
      to
      the origination and servicing of mortgage loans of a type similar to the
      Mortgage Loans have been complied with and the consummation of the transactions
      contemplated hereby will not involve the violation of any such laws, and the
      Seller shall maintain in its possession, available for the inspection of the
      Purchaser or its designee, and shall deliver to the Purchaser or its designee,
      upon two Business Days’ request, evidence of compliance with such
      requirements;

     

    (x)  No
      Satisfaction of Mortgage. The Mortgage has not been satisfied, cancelled,
      subordinated or rescinded, in whole or in part, and the 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 satisfaction,
      cancellation, subordination, rescission or release;

     

    (xi)  Valid
      Lien. The related Mortgage is properly recorded and is a valid, existing and
      enforceable (A) first lien and first priority security interest with respect
      to
      each Mortgage Loan which is indicated by the Seller to be a First Lien (as
      reflected on the Mortgage Loan Schedule), or (B) second lien and second priority
      security interest with respect to each Mortgage Loan which is indicated by
      the
      Seller to be a Second Lien (as reflected on the Mortgage Loan Schedule), in
      either case, on the Mortgaged Property, including all improvements on the
      Mortgaged Property subject only to (a) the lien of current real property taxes
      and assessments not yet due and payable, (b) covenants, conditions and
      restrictions, rights of way, easements and other matters of the public record
      as
      of the date of recording being acceptable to mortgage lending institutions
      generally and specifically referred to in the lender’s title insurance policy
      delivered to the originator of the Mortgage Loan and which do not adversely
      affect the Appraised Value of the Mortgaged Property, (c) other matters to
      which
      like properties are commonly subject which do not materially interfere with
      the
      benefits of the security intended to be provided by the Mortgage or the use,
      enjoyment, value or marketability of the related Mortgaged Property and (d)
      with
      respect to each Mortgage Loan which is indicated by the Seller to be a Second
      Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien
      on
      the Mortgaged Property.  Any security agreement, chattel mortgage or
      equivalent document related to and delivered in connection with the Mortgage
      Loan establishes and creates a valid, existing and enforceable (A) first lien
      and first priority security interest with respect to each Mortgage Loan which
      is
      indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan
      Schedule) or (B) second lien and second priority security interest with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case,
      on
      the property described therein and the Seller has full right to sell and assign
      the same to the Purchaser.  The Mortgaged Property was not, as of the
      date of origination of the Mortgage Loan, subject to a mortgage, deed of trust,
      deed to secure debt or other security instrument creating a lien subordinate
      to
      the lien of the Mortgage;

     

    (xii)  Validity
      of Mortgage Loan Documents. The Mortgage Note and the related Mortgage are
      genuine and each is the legal, valid and binding obligation of the maker
      thereof, enforceable in accordance with its terms;

     

    (xiii)  Legal
      Capacity. All parties to the Mortgage Note and the Mortgage had legal
      capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage
      Note and the Mortgage, and the Mortgage Note and the Mortgage have been duly
      and
      properly executed by such parties.  The Mortgagor is a natural
      person;

     

    (xiv)  Full
      Disbursement of Proceeds. The proceeds of the Mortgage Loan have been fully
      disbursed to or for the account of the Mortgagor and there is no obligation
      for
      the Mortgagee to advance additional funds thereunder and any and all
      requirements as to completion of any on-site or off-site improvement and as
      to
      disbursements of any escrow funds therefor have been complied
      with.  All costs, fees and expenses incurred in making or closing the
      Mortgage Loan and the recording of the Mortgage have been paid, and the
      Mortgagor is not entitled to any refund of any amounts paid or due to the
      Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    (xv)  Ownership.
      The Seller is the sole legal, beneficial and equitable owner of the Mortgage
      Note and the Mortgage.  The Seller has full right and authority under
      all governmental and regulatory bodies having jurisdiction over such Seller,
      subject to no interest or participation of, or agreement with, any party, to
      transfer and sell the Mortgage Loan to the Purchaser pursuant to this Agreement
      free and clear of any encumbrance or right of others, equity, lien, pledge,
      charge, mortgage, claim, participation interest or security interest of any
      nature (collectively, a “Lien”); and immediately upon the transfers and
      assignments herein contemplated, the Seller shall have transferred and sold
      all
      of its right, title and interest in and to each Mortgage Loan and the Purchaser
      will hold good, marketable and indefeasible title to, and be the owner of,
      each
      Mortgage Loan subject to no Lien;

     

    (xvi)  Doing
      Business. All parties which have had any interest in the Mortgage Loan,
      whether as originator, mortgagee, assignee, pledgee or otherwise, are (or,
      during the period in which they held and disposed of such interest, were):
      (A)
      organized under the laws of such state, or (B) qualified to do business in
      such
      state, or (C) federal savings and loan associations or national banks having
      principal offices in such state, or (D) not doing business in such state so
      as
      to require qualification or licensing, or (E) not otherwise required to be
      licensed in such state.  All parties which have had any interest in
      the Mortgage Loan were in compliance with any and all applicable “doing
      business” and licensing requirements of the laws of the state wherein the
      Mortgaged Property is located or were not required to be licensed in such
      state;

     

    (xvii)  Title
      Insurance. The Mortgage Loan is covered by an American Land Title
      Association (“ALTA”) ALTA lender’s title insurance policy acceptable to Fannie
      Mae and Freddie Mac (which, in the case of an Adjustable Rate Mortgage Loan
      has
      an adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1), issued
      by a title insurer acceptable to Fannie Mae and Freddie Mac and qualified to
      do
      business in the jurisdiction where the Mortgaged Property is located, insuring
      (subject to the exceptions contained above in (xi)(a) and (b) and, with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (d)) the
      Seller, its successors and assigns as to the first priority lien of the Mortgage
      in the original principal amount of the Mortgage Loan and, with respect to
      any
      Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity
      or
      unenforceability of the lien resulting from the provisions of the Mortgage
      providing for adjustment in the Mortgage Interest Rate and Monthly
      Payment.  Additionally, such lender’s title insurance policy
      affirmatively insures ingress and egress to and from the Mortgaged Property,
      and
      against encroachments by or upon the Mortgaged Property or any interest
      therein.  The Seller is the sole insured of such lender’s title
      insurance policy, and such lender’s title insurance policy is in full force and
      effect and will be in full force and effect upon the consummation of the
      transactions contemplated by this Agreement.  No claims have been made
      under such lender’s title insurance policy, and no prior holder of the related
      Mortgage, including the Seller, has done, by act or omission, anything which
      would impair the coverage of such lender’s title insurance policy;

     

    (xviii)  No
      Defaults. There is no default, breach, violation or event of acceleration
      existing under the Mortgage or the Mortgage Note and no event which, with the
      passage of time or with notice and the expiration of any grace or cure period,
      would constitute a default, breach, violation or event of acceleration, and
      the
      Seller has not waived any default, breach, violation or event of
      acceleration.  With respect to each Mortgage Loan which is indicated
      by the Seller to be a Second Lien Mortgage Loan (as reflected on the Mortgage
      Loan Schedule) (i) the First Lien is in full force and effect, (ii) there is
      no
      default, breach, violation or event of acceleration existing under such First
      Lien mortgage or the related mortgage note, (iii) no event which, with the
      passage of time or with notice and the expiration of any grace or cure period,
      would constitute a default, breach, violation or event of acceleration
      thereunder, and either (A) the First Lien mortgage contains a provision which
      allows or (B) applicable law requires, the mortgagee under the Second Lien
      Mortgage Loan to receive notice of, and affords such mortgagee an opportunity
      to
      cure any default by payment in full or otherwise under the First Lien
      mortgage;

     

    (xix)  No
      Mechanics’ Liens. There are no mechanics’ or similar liens or claims which
      have been filed for work, labor or material (and no rights are outstanding
      that
      under law could give rise to such lien) affecting the related Mortgaged Property
      which are or may be liens prior to, or equal or coordinate with, the lien of
      the
      related Mortgage;

     

    (xx)  Origination.
      The Mortgage Loan was originated by the Seller or by a savings and loan
      association, a savings bank, a commercial bank or similar banking institution
      which is supervised and examined by a federal or state authority, or by a
      mortgagee approved as such by the Secretary of HUD;

     

    (xxi)  Payment
      Terms. Payments on the Mortgage Loan shall commence (with respect to any
      newly originated Mortgage Loans) or commenced no more than sixty days after
      the
      proceeds of the Mortgage Loan were disbursed.  The Mortgage Loan bears
      interest at the Mortgage Interest Rate.  With respect to each Mortgage
      Loan, the Mortgage Note is payable on the first day of each month in Monthly
      Payments, which, (A) in the case of a Fixed Rate Mortgage Loan, are sufficient
      to fully amortize the original principal balance over the original term thereof
      (other than with respect to a Mortgage Loan identified on the related Mortgage
      Loan Schedule as an interest-only Mortgage Loan during the interest-only period
      or a Mortgage Loan which is identified on the related Mortgage Loan Schedule
      as
      a Balloon Mortgage Loan)  and to pay interest at the related Mortgage
      Interest Rate, and (B) in the case of an Adjustable Rate Mortgage Loan, are
      changed on each Adjustment Date, and in any case, are sufficient to fully
      amortize the original principal balance over the original term thereof (other
      than with respect to a Mortgage Loan identified on the related Mortgage Loan
      Schedule as an interest-only Mortgage Loan during the interest-only period
      or a
      Mortgage Loan which is identified on the related Mortgage Loan Schedule as
      a
      Balloon Mortgage Loan) and to pay interest at the related Mortgage Interest
      Rate.  The Index for each Adjustable Rate Mortgage Loan is as defined
      in the related Mortgage Loan Schedule.  With respect to each Mortgage
      Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage
      Loan,
      the interest-only period shall not exceed the period specified on the Mortgage
      Loan Schedule and following the expiration of such interest-only period, the
      remaining Monthly Payments shall be sufficient to fully amortize the original
      principal balance over the remaining term of the Mortgage Loan.  With
      respect to each Balloon Mortgage Loan, the Mortgage Note requires a monthly
      payment which is sufficient to fully amortize the original principal balance
      over a term greater than the original term thereof and to pay interest at the
      related Mortgage Interest Rate and requires a final Monthly Payment
      substantially greater than the preceding monthly payment which is sufficient
      to
      repay the remaining unpaid principal balance of the Balloon Mortgage Loan as
      of
      the Due Date of such Monthly Payment.  No Balloon Mortgage Loan has an
      original stated maturity of less than seven (7) years. The Mortgage Note does
      not permit negative amortization.  No Mortgage Loan had an original
      term to maturity of more than thirty (30) years;

     

    (xxii)  Origination
      and Collection Practices; Escrow Deposits. The origination, servicing and
      collection practices used by the Seller with respect to each Mortgage Note
      and
      Mortgage, including without limitation the establishment, maintenance and
      servicing of the Escrow Accounts and Escrow Payments, if any, since origination
      have been in all respects legal, proper, prudent and customary in the mortgage
      origination and servicing industry.  The Mortgage Loan has been
      serviced by the Seller and any predecessor servicer in accordance with all
      applicable laws, rules and regulations, the terms of the Mortgage Note and
      Mortgage, and the Fannie Mae and Freddie Mac servicing guides.  With
      respect to escrow deposits and Escrow Payments (other than with respect to
      each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      and for which the mortgagee under the First Lien is collecting Escrow Payments
      (as reflected on the Mortgage Loan Schedule)), if any, all such payments are
      in
      the possession of, or under the control of, the Seller and there exist no
      deficiencies in connection therewith for which customary arrangements for
      repayment thereof have not been made.  No escrow deposits or Escrow
      Payments or other charges or payments due the Seller have been capitalized
      under
      any Mortgage or the related Mortgage Note and no such escrow deposits or Escrow
      Payments are being held by the Seller for any work on a Mortgaged Property
      which
      has not been completed;

     

    (xxiii)  Mortgaged
      Property Undamaged. As of the Closing Date, the Mortgaged Property is free
      of damage and waste and is in good repair, and there is no proceeding pending
      or
      threatened for the total or partial condemnation thereof nor is such a
      proceeding currently occurring;

     

    (xxiv)  Customary
      Provisions. The Mortgage and related Mortgage Note contain customary and
      enforceable provisions such as to render the rights and remedies of the holder
      thereof adequate for the realization against the Mortgaged Property of the
      benefits of the security provided thereby, including, (a) in the case of a
      Mortgage designated as a deed of trust, by trustee’s sale, and (b) otherwise by
      judicial foreclosure.  The Mortgaged Property has not been subject to
      any bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not
      filed for protection under applicable bankruptcy laws.  There is no
      homestead or other exemption available to the Mortgagor which would interfere
      with the right to sell the Mortgaged Property at a trustee’s sale or the right
      to foreclose the Mortgage;  The Mortgagor has not notified the Seller
      and the Seller has no knowledge of any relief requested or allowed to the
      Mortgagor under the Servicemembers Civil Relief Act;

     

    (xxv)  Appraisal.
      Unless otherwise set forth on the Mortgage Loan Schedule, the Mortgage File
      contains an appraisal of the related Mortgaged Property which, (a) with respect
      to First Lien Mortgage Loans, was on appraisal form 1004 or form 2055 with
      an
      interior inspection, or (b) with respect to Second Lien Mortgage Loans, was
      on
      appraisal form 704, 2065 or 2055 with an exterior only inspection, and (c)
      with
      respect to (a) or (b) above, was made and signed, prior to the approval of
      the
      Mortgage Loan application, by a qualified appraiser, duly appointed by the
      Seller, who had no interest, direct or indirect in the Mortgaged Property or
      in
      any loan made on the security thereof, whose compensation is not affected by
      the
      approval or disapproval of the Mortgage Loan and who met the minimum
      qualifications of Fannie Mae and Freddie Mac.  Each appraisal of the
      Mortgage Loan was made in accordance with the relevant provisions of the
      Financial Institutions Reform, Recovery, and Enforcement Act of
      1989;

     

    (xxvi)  Deeds
      of Trust. In the event the Mortgage constitutes a deed of trust, a trustee,
      duly qualified under applicable law to serve as such, has been properly
      designated and currently so serves and is named in the Mortgage, and no fees
      or
      expenses are or will become payable by the Purchaser to the trustee under the
      deed of trust, except in connection with a trustee’s sale after default by the
      Mortgagor;

     

    (xxvii)  Construction
      or Rehabilitation of Mortgaged Property. No Mortgage Loan was made in
      connection with (a) the construction or rehabilitation of a Mortgaged Property
      or (b) facilitating the trade-in or exchange of a Mortgaged
      Property;

     

    (xxviii)   LTV;
      CLTV. The Loan-to-Value Ratio of any Mortgage Loan at origination was not
      more than 95% and the CLTV of any Mortgage Loan at origination was not more
      than
      100%;  Each Mortgage Loan (other than any Mortgage Loan underwritten
      pursuant to the Seller’s Subprime Underwriting Guidelines) with an original
      Loan-to-Value Ratio at origination greater than 80% is and will be subject
      to a
      Primary Insurance Policy, issued by a Qualified Insurer, which insures that
      portion of the Mortgage Loan in excess of the portion of the Appraised Value
      of
      the Mortgaged Property as required by Fannie Mae.  All provisions of
      such Primary Insurance Policy have been and are being complied with, such policy
      is in full force and effect, and all premiums due thereunder have been
      paid.  Any Mortgage subject to any such Primary Insurance Policy
      obligates the Mortgagor thereunder to maintain such insurance and to pay all
      premiums and charges in connection therewith.  The Mortgage Interest
      Rate for the Mortgage Loan does not include any such insurance premium (if
      any).  If a Mortgage Loan is identified on the Mortgage Loan Schedule
      as subject to a Lender Paid Mortgage Insurance Policy, such policy insures
      that
      portion of the Mortgage Loan set forth in the LPMI Policy.  All
      provisions of any such LPMI Policy have been and are being complied with, such
      policy is in full force and effect, and all premiums due thereunder have been
      paid.  The Mortgage Interest Rate for the Mortgage Loan does not
      include the insurance premium for any LPMI Policy (if any);

     

    (xxix)   Occupancy
      of the Mortgaged Property. The Mortgaged Property is lawfully occupied under
      applicable law; all inspections, licenses and certificates required to be made
      or issued with respect to all occupied portions of the Mortgaged Property and,
      with respect to the use and occupancy of the same, including but not limited
      to
      certificates of occupancy and fire underwriting certificates, have been made
      or
      obtained from the appropriate authorities.  No improvement located on
      or being part of any Mortgaged Property is in violation of any applicable zoning
      and subdivision law, ordinance  or regulation;

     

    (xxx)  No
      Error, Omission, Fraud etc.  No error, omission,
      misrepresentation, negligence, fraud or similar occurrence with respect to
      a
      Mortgage Loan has taken place on the part of any person, including without
      limitation the Seller, the Mortgagor, any appraiser, any builder or developer,
      or any other party involved in the origination of the Mortgage Loan or in the
      application of any insurance in relation to such Mortgage Loan;

     

    (xxxi)  Consolidation
      of Advances; Lien Priority. Any principal advances made to the Mortgagor
      prior to the Cut-off Date have been consolidated with the outstanding principal
      amount secured by the Mortgage, and the secured principal amount, as
      consolidated, bears a single interest rate and single repayment term reflected
      on the Mortgage Loan Schedule.  The lien of the Mortgage securing the
      consolidated principal amount is expressly insured as having (A) first lien
      priority with respect to each Mortgage Loan which is indicated by the Seller
      to
      be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second
      lien
      priority with respect to each Mortgage Loan which is indicated by the Seller
      to
      be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule),
      in
      either case, by a title insurance policy, an endorsement to the policy insuring
      the mortgagee’s consolidated interest or by other title evidence acceptable to
      Fannie Mae and Freddie Mac.  The consolidated principal amount does
      not exceed the original principal amount of the Mortgage Loan;

     

    (xxxii)   Environmental
      Matters. The Mortgaged Property is in material compliance with all
      applicable environmental laws pertaining to environmental hazards including,
      without limitation, asbestos, and neither the Seller nor, to the Seller’s
      knowledge, the related Mortgagor, has received any notice of any violation
      or
      potential violation of such law;

     

    (xxxiii)   HOEPA.
      No Mortgage Loan is (a) subject to the provisions of the Homeownership and
      Equity Protection Act of 1994 as amended (“HOEPA”), or has an “annual percentage
      rate” or “total points and fees” payable by the borrower (as each term is
      defined under HOEPA) that equals or exceeds the applicable thresholds defined
      under HOEPA (Section 32 of Regulation Z, 12 C.F.R. Section 226.32(a)(1)(i)
      and
      (ii)), (b) a “high cost” mortgage loan, “covered” mortgage loan (excluding home
      loans defined as “covered home loans” in the New Jersey Home Ownership Security
      Act of 2002 that were originated between November 26, 2003 and July 7, 2004),
      “high risk home” mortgage loan, or “predatory” mortgage loan or any other
      comparable term, no matter how defined under any federal, state or local law,
      provided that this determination shall be made with respect to the relevant
      state or local law, regardless of the effect of any available federal
      preemption, other than exemptions specifically provided for in the relevant
      state or local law, (c) subject to any comparable federal, state or local
      statutes or regulations, or any other statute or regulation providing for
      heightened regulatory scrutiny, assignee liability to holders of such mortgage
      loans or additional legal liability for mortgage loans having high interest
      rates, points and/or fees, or (d) a High Cost Loan or Covered Loan, as
      applicable (as such terms are defined in the current Standard & Poor’s
      LEVELS® Glossary Revised, Appendix E);

     

    (xxxiv)   Due-On-Sale.
      Each Mortgage contains an enforceable provision for the acceleration of the
      payment of the unpaid principal balance of the related Mortgage Loan in the
      event the related Mortgaged Property is sold or transferred without the prior
      consent of the mortgagee thereunder;

     

    (xxxv)  Second
      Liens. With respect to each Mortgage Loan which is a Second Lien, (i) the
      related First Lien does not provide for negative amortization, (ii) either
      no
      consent for the Mortgage Loan is required by the holder of the First Lien or
      such consent has been obtained and is contained in the Mortgage File and (iii)
      such Second Lien is on a Residential Dwelling that is (or will be) the principal
      residence of the Mortgagor upon origination of the Second Lien;

     

    (xxxvi)  Prepayment
      Charges in Mortgage Loan Documents. The Mortgage Loan Documents with respect
      to each Mortgage Loan subject to Prepayment Charges specifically authorizes
      such
      Prepayment Charges to be collected, such Prepayment Charges are permissible
      and
      enforceable in accordance with the terms of the related Mortgage Loan Documents
      and all federal, state and local laws (except to the extent that the
      enforceability thereof may be limited by bankruptcy, insolvency, moratorium,
      receivership and other similar laws relating to creditors’ rights generally or
      the collectability thereof may be limited due to acceleration in connection
      with
      a foreclosure) and each Prepayment Charge was originated in compliance with
      all
      federal, state and local laws;

     

    (xxxvii)   Compliance
      with Patriot Act. The Seller has complied with all applicable anti-money
      laundering laws and regulations, including without limitation the USA Patriot
      Act of 2001 (collectively, the “Anti-Money Laundering Laws”).  The
      Seller has established an anti-money laundering compliance program as required
      by the Anti-Money Laundering Laws, has conducted the requisite due diligence
      in
      connection with the origination of each Mortgage Loan for purposes of the
      Anti-Money Laundering Laws, including with respect to the legitimacy of the
      applicable Mortgagor and the origin of the assets used by the said Mortgagor
      to
      purchase the property in question, and maintains, and will maintain, sufficient
      information to identify the applicable Mortgagor for purposes of the Anti-Money
      Laundering Laws; no Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “blocked person” for
      purposes of the OFAC Regulations;

     

    (xxxviii)  MERS
      Mortgage Loans. With respect to each MERS Mortgage Loan, a MIN has been
      assigned by MERS and such MIN is accurately provided on the related Mortgage
      Loan Schedule. The related Assignment of Mortgage to MERS has been duly and
      properly recorded or has been delivered for recording to the applicable
      recording office. With respect to each MERS Mortgage Loan, the Seller has not
      received any notice of liens or legal actions with respect to such Mortgage
      Loan
      and no such notices have been electronically posted by MERS;

     

    (xxxix)  FACT
      Act.  The sale or transfer of the Mortgage Loan by the Seller
      complies with all federal, state, and local laws, rules, and regulations
      governing such sale or transfer, including, without limitation, the Fair and
      Accurate Credit Transactions Act (“FACT Act”) and the Fair Credit Reporting Act,
      each as may be amended from time to time, and the Seller has not received any
      actual or constructive notice of any identity theft, fraud, or other
      misrepresentation in connection with such Mortgage Loan or any party
      thereto.

     

    (xl)  Qualified
      Mortgage. Each Mortgage Loan constitutes a “qualified mortgage” under
      Section 860G(a)(3)(A) of the Code and Treasury Regulation Section
      1.860G-2(a)(1);

     

    (xli)  Condos
      and PUDs. If the Residential Dwelling on the Mortgaged Property is a
      condominium unit or a unit in a planned unit development (other than a de
      minimis planned unit development) such condominium or planned unit development
      project meets the eligibility requirements of the Seller’s Underwriting
      Guidelines;

     

    (xlii)  Appraised
      Value.  All improvements which were considered in determining the
      Appraised Value of the related Mortgaged Property lay wholly within the
      boundaries and building restriction lines of the Mortgaged Property, and no
      improvements on adjoining properties encroach upon the Mortgaged
      Property;

     

    (xliii)  No
      Additional Collateral. The Mortgage Note is not and has not been secured by
      any collateral except the lien of the corresponding Mortgage on the Mortgaged
      Property and the security interest of any applicable security agreement or
      chattel mortgage referred to in (xi) above;

     

    (xliv)  Buydown
      Mortgage Loans. No Mortgage Loan contains provisions pursuant to which
      Monthly Payments are (a) paid or partially paid with funds deposited in any
      separate account established by the Seller, the Mortgagor, or anyone on behalf
      of the Mortgagor, (b) paid by any source other than the Mortgagor or (c)
      contains any other similar provisions which may constitute a “buydown”
provision.

     

    (xlv)  No
      Convertible Mortgage Loans; No Graduated Payments or Contingent Interests.
      No Mortgage Loan is a Convertible Mortgage Loan. The Mortgage Loan is not a
      graduated payment mortgage loan, and the Mortgage Loan does not have a shared
      appreciation or other contingent interest feature;

     

    (xlvi)  Disclosure
      Materials. The Mortgagor has executed a statement to the effect that the
      Mortgagor has received all disclosure materials required by law with respect
      to
      the making of fixed rate mortgage loans in the case of Fixed Rate Mortgage
      Loans, and adjustable rate mortgage loans in the case of Adjustable Rate
      Mortgage Loans and rescission materials with respect to Refinanced Mortgage
      Loans, and such statement is and will remain in the Mortgage File;

     

    (xlvii)  Recordation
      of Mortgages. Each original Mortgage was recorded and all subsequent
      assignments of the original Mortgage (other than the assignment to the
      Purchaser) have been recorded, or are in the process of being recorded, in
      the
      appropriate jurisdictions wherein such recordation is necessary to perfect
      the
      lien thereof as against creditors of the Seller. As to any Mortgage Loan which
      is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form
      (except for the name of the assignee which is blank) and is acceptable for
      recording under the laws of the jurisdiction in which the Mortgaged Property
      is
      located;

     

    (xlviii)  Texas
      Refinance Loans. Each Mortgage Loan originated in the state of Texas
      pursuant to Article XVI, Section 50(a)(6) of the Texas Constitution (a “Texas
      Refinance Loan”) has been originated in compliance with the provisions of
      Article XVI, Section 50(a)(6) of the Texas Constitution, Texas Civil Statutes
      and the Texas Finance Code.  With respect to each Texas Refinance Loan
      that is a Cash Out Refinancing, the related Mortgage Loan Documents state that
      the Mortgagor may prepay such Texas Refinance Loan in whole or in part without
      incurring a Prepayment Charge.  The Seller does not collect any such
      Prepayment Charges in connection with any such Texas Refinance
      Loan;

     

    (xlix)  Verification
      of Down Payment. Unless otherwise set forth on the Mortgage Loan Schedule,
      the source of the down payment with respect to each Mortgage Loan has been
      fully
      verified by the Seller;

     

    (l)  Tax
      Service Contracts. The Seller shall, at its own expense, cause each Mortgage
      Loan to be covered by a “life of loan” Tax Service Contract which is assignable
      to the Purchaser or its designee at no cost to the Purchaser or its designee;
      provided however, that if the Seller fails to purchase such Tax Service
      Contract, the Seller shall be required to reimburse the Purchaser for all costs
      and expenses incurred by the Purchaser in connection with the purchase of any
      such Tax Service Contract;

     

    (li)  Flood
      Zone Service Contracts. Each Mortgage Loan is covered by a “life of loan”
Flood Zone Service Contract which is assignable to the Purchaser or its
      designee
      at no cost to the Purchaser or its designee or, for each Mortgage Loan not
      covered by such Flood Zone Service Contract, the Seller agrees to purchase
      such
      Flood Zone Service Contract;

     

    (lii)  No
      Cooperatives; No Commercial Property; No Mixed Use Property, No Manufacture
      Housing. No Mortgage Loan is secured by cooperative housing, commercial
      property, manufactured housing, a mobile home or mixed use
      property;

     

    (liii)  Secondary
      Market Sales. Each Mortgage Loan is eligible for sale in the secondary
      market or for inclusion in a Securitization Transaction without unreasonable
      credit enhancement;

     

    (liv)  No
      Adverse Selection. No selection procedures were used by the Seller that
      identified the Mortgage Loans as being less desirable or valuable than other
      comparable mortgage loans in the Seller’s portfolio;

     

    (lv)  Georgia.
      No Mortgage Loan originated or modified on or after October 1, 2002 and prior
      to
      March 7, 2003 is secured by a Mortgaged Property located in the State of
      Georgia.  No Mortgage Loan originated on or after March 7, 2003 is a
“high cost home loan” as defined under the Georgia Fair Lending
      Act.

     

    (lvi)  New
      Jersey Manufactured Housing Loans.  No Mortgage Loan is a
“manufactured housing loan” pursuant to the NJ Act, and one hundred percent of
      the amount financed of any purchase money Second Lien Mortgage Loan subject
      to
      the NJ Act was used for the purchase of the related Mortgaged
      Property;

     

    (lvii)  Reserved;

     

    (lviii)  No
      Ground Leases. No Mortgage Loan is secured in whole or in part by the
      interest of the Mortgagor as a lessee under a ground lease of the related
      Mortgaged Property;

     

    (lix)  Massachusetts
      Refinanced Mortgage Loans.  No Mortgage Loan secured by a
      Mortgaged Property located in the Commonwealth of Massachusetts was made to
      pay
      off or refinance an existing loan or other debt of the related borrower (as
      the
      term “borrower” is defined in the regulations promulgated by the Massachusetts
      Secretary of State in connection with Massachusetts House Bill 4880 (2004))
      unless either (1) (a) the related Mortgage Interest Rate (that would be
      effective once the introductory rate expires, with respect to Adjustable Rate
      Mortgage Loans) did or would not exceed by more than 2.25% the yield on United
      States Treasury securities having comparable periods of maturity to the maturity
      of the related Mortgage Loan as of the fifteenth day of the month immediately
      preceding the month in which the application for the extension of credit was
      received by the related lender or (b) the Mortgage Loan is an “open-end home
      loan” (as such term is used in the Massachusetts House Bill 4880 (2004)) and the
      related Mortgage Note provides that the related Mortgage Interest Rate may
      not
      exceed at any time the Prime rate index as published in The Wall Street Journal
      plus a margin of one percent, or (2) such Mortgage Loan is in the "borrower's
      interest," as documented by a "borrower's interest worksheet" for the particular
      Mortgage Loan, which worksheet incorporates the factors set forth in
      Massachusetts House Bill 4880 (2004) and the regulations promulgated thereunder
      for determining "borrower's interest," and otherwise complies in all material
      respects with the laws of the Commonwealth of Massachusetts;

     

    (lx)  Broker
      Fees. The Mortgagor has not made or caused to be made any payment in the
      nature of an “overage” or “yield spread premium” to a mortgage broker or a like
      Person which has not been fully disclosed to the Mortgagor;

     

    (lxi)  Acceptable
      Investment. The Seller has no knowledge of any circumstances or condition
      with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the
      Mortgagor’s credit standing that can reasonably be expected to cause the
      Mortgage Loan to be an unacceptable investment, cause the Mortgage Loan to
      become delinquent, cause the Mortgage Loan to not be paid in full when due,
      or
      adversely affect the value of the Mortgage Loan;

     

    (lxii)  No
      Notification of Prepayments in Full. The Mortgage Loan was not prepaid in
      full prior to the Closing Date and the Seller has not received notification
      from
      a Mortgagor that a prepayment in full shall be made after the Closing
      Date;

     

    (lxiii)  Limitation
      on number of Mortgage Notes per Borrower. No Mortgagor is the obligor on
      more than two Mortgage Notes in the related Mortgage Loan pool;

     

    (lxiv)  Prepayment
      Charges; With respect to any Mortgage Loan that contains a provision
      permitting imposition of a Prepayment Charge upon a Principal Prepayment prior
      to maturity: (i) prior to the Mortgage Loan’s origination, the Mortgagor agreed
      to such Prepayment Charge in exchange for a monetary benefit, including but
      not
      limited to a Mortgage Interest Rate or fee reduction, (ii) prior to the Mortgage
      Loan’s origination, the Mortgagor was offered the option of obtaining a Mortgage
      Loan that did not require payment of a Prepayment Charge and the originator
      of
      the Mortgage Loan had a written policy of offering borrowers, or requiring
      third-party brokers to offer borrowers, the option of obtaining a mortgage
      loan
      that did not require the payment of a Prepayment Charge, (iii) the Prepayment
      Charge is disclosed to the Mortgagor in the Mortgage Loan Documents pursuant
      to
      state and federal law, (iv) for Mortgage Loans originated on or after October
      1,
      2002, the duration of the prepayment period shall not exceed three (3) years
      from the date of the Mortgage Note, unless the Mortgage Loan was modified to
      reduce the prepayment period to no more than three years from the date of the
      Mortgage Note and the Mortgagor was notified in writing of such reduction in
      the
      prepayment period, (v) no Mortgage Loan originated prior to October 1, 2002
      has
      a Prepayment Charge longer than five years and (vi) notwithstanding any state
      or
      federal law to the contrary, the Seller shall not impose such Prepayment Charge
      in any instance when the Mortgage Loan is accelerated or paid off in connection
      with the workout of a delinquent mortgage or due to the Mortgagor’s
      default.  Each Prepayment Charge is permissible, collectable and
      enforceable.

     

    (lxv)  No
      Predatory Lending. No predatory, abusive or deceptive lending practices,
      including but not limited to, the extension of credit to a Mortgagor without
      regard for the Mortgagor’s ability to repay the Mortgage Loan and the extension
      of credit to a Mortgagor which has no tangible net benefit to the Mortgagor,
      were employed in connection with the origination of the Mortgage
      Loan.  Each Mortgage Loan is in compliance with the anti-predatory
      lending eligibility for purchase requirements of Fannie Mae’s Selling Guide. No
      Mortgagor was encouraged or required to select a Mortgage Loan product offered
      by the Mortgage Loan’s originator which is a higher cost product designed for
      less creditworthy borrowers, unless at the time of the Mortgage Loan’s
      origination, such Mortgagor did not qualify taking into account credit history
      and debt to income ratios for a lower cost credit product then offered by the
      Mortgage Loan’s originator or any affiliate of the Mortgage Loan’s
      originator.  If, at the time of the related loan application, the
      Mortgagor may have qualified for a lower cost credit product then offered by
      any
      mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    (lxvi)  Underwriting
      Methodology. The methodology used in underwriting the extension of credit
      for each Mortgage Loan employs objective mathematical principles which relate
      the Mortgagor’s income, assets and liabilities to the proposed payment and such
      underwriting methodology did and does not rely solely on the extent of the
      Mortgagor’s equity in the collateral as the principal determining factor in
      approving such credit extension.  Such underwriting methodology
      confirmed that at the time of origination (application/approval) the Mortgagor
      had a reasonable ability to make timely payments on the Mortgage
      Loan.

     

    (lxvii)  Points
      and Fees Disclosed. All
      points, fees and charges, including finance charges (whether or not financed,
      assessed, collected or to be collected), in connection with the origination
      and
      servicing of any Mortgage Loan were disclosed in writing to the related
      Mortgagor in accordance with state and federal laws and regulations and no
      related Mortgagor was charged “points and fees” (whether or not financed) in an
      amount that exceeds the greater of (1) 5% of the principal amount of such loan
      or (2) $1,000.  For the purposes of this representation, “points and
      fees” (a) include origination, underwriting, broker and finder’s fees and
      charges that the lender imposed as a condition of making the Mortgage Loan,
      whether they are paid to the lender or a third party; and (b) exclude bona
      fide
      discount points, fees paid for actual services rendered in connection with
      the
      origination of the Mortgage Loan (such as attorneys’ fees, notaries fees and
      fees paid for property appraisals, credit reports, surveys, title examinations
      and extracts, flood and tax certifications, and home inspections) and the cost
      of mortgage insurance or credit-risk price adjustments; the costs of title,
      hazard, and flood insurance policies; state and local transfer taxes or fees;
      escrow deposits for the future payment of taxes and insurance premiums; and
      other miscellaneous fees and charges, which miscellaneous fees and charges
      in
      total, do not exceed 0.25 percent of the loan amount);

     

    (lxviii)  Full
      File Credit Reporting (Fannie Mae). The Seller will transmit full-file
      credit reporting data for each Mortgage Loan pursuant to Fannie Mae Guide
      Announcement 95-19 and for each Mortgage Loan, Seller agrees it shall report
      one
      of the following statuses each month as follows: new origination, current,
      delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off;

     

    (lxix)  No
      Credit Life Policies. No Mortgagor was required to purchase any single
      premium credit insurance policy (e.g. life, mortgage, disability, accident,
      unemployment, property or health insurance product) or debt cancellation
      agreement as a condition of obtaining the extension of credit.  No
      Mortgagor obtained a prepaid single premium credit insurance policy (e.g. life,
      mortgage, disability, accident, unemployment, property or health insurance
      product) in connection with the origination of the Mortgage Loan, and no
      proceeds from any Mortgage Loan were used to purchase single-premium credit
      insurance policies or debt cancellation agreements as part of the origination
      of, or as a condition to closing, such Mortgage Loan;

     

    (lxx)  Full
      File Credit Reporting (Past Practice; Future Practice). The Seller has fully
      furnished and will fully furnish, in accordance with the Fair Credit Reporting
      Act and its implementing regulations, accurate and complete information (e.g.,
      favorable and unfavorable) on its borrower credit files to Equifax, Experian
      and
      Trans Credit Information Company (three of the credit repositories), on a
      monthly basis; and

     

    (lxxi)  No
      Arbitration. With respect to each Mortgage Loan, neither the related
      Mortgage nor the related Mortgage Note requires the Mortgagor to submit to
      arbitration to resolve any dispute arising out of or relating in any way to
      the
      Mortgage Loan;  No Mortgagor agreed to submit to arbitration to
      resolve any dispute arising out of or relating in any way to the Mortgage
      Loan.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      I

    

    Representation
      and Warranties with Respect to the Quicken Mortgage Loans

    

    Except
      for “Mortgage Loans”, which shall mean the Quicken Mortgage Loans sold by the
      Seller to the Purchaser, all capitalized terms in this Exhibit I shall have
      the
      meanings ascribed to them in the Quicken Purchase Agreement.

    

    The
      Seller hereby represents and warrants to the Purchaser that, as to each Mortgage
      Loan, as of the related Closing Date for such Mortgage Loan:

     

    (i)  The
      information set forth in the related Mortgage Loan Schedule is complete, true
      and correct;

     

    (ii)  The
      Mortgage Loan is in compliance with all requirements set forth in the related
      Confirmation, and the characteristics of the related Mortgage Loan Package
      as
      set forth in the related Confirmation are true and correct;

     

    (iii)  All
      payments required to be made up to the close of business on the Closing Date
      for
      such Mortgage Loan under the terms of the Mortgage Note have been
      made.  The Seller has not advanced funds, or induced, solicited or
      knowingly received any advance of funds from a party other than the owner of
      the
      related Mortgaged Property, directly or indirectly, for the payment of any
      amount required by the Mortgage Note or Mortgage; and there has been no
      delinquency, exclusive of any period of grace, in any payment by the Mortgagor
      thereunder since the origination of the Mortgage Loan;

     

    (iv)  There
      are
      no delinquent taxes, ground rents, water charges, sewer rents, assessments,
      insurance premiums, leasehold payments, including assessments payable in future
      installments or other outstanding charges affecting the related Mortgaged
      Property;

     

    (v)  The
      terms
      of the Mortgage Note and the Mortgage have not been impaired, waived, altered
      or
      modified in any respect, except by written instruments, recorded in the
      applicable public recording office  or registered with the MERS System
      if necessary to maintain the lien priority of the Mortgage, and which have
      been
      delivered to the Purchaser or its designee; the substance of any such waiver,
      alteration or modification has been approved by the title insurer, to the extent
      required by the related policy, and is reflected on the related Mortgage Loan
      Schedule. No instrument of waiver, alteration or modification has been executed,
      and no Mortgagor has been released, in whole or in part, except in connection
      with an assumption agreement approved by the title insurer, to the extent
      required by the policy, and which assumption agreement has been delivered to
      the
      Purchaser or its designee and the terms of which are reflected in the related
      Mortgage Loan Schedule;

     

    (vi)  The
      Mortgage Note and the Mortgage are not subject to any right of rescission,
      set-off, counterclaim or defense, including the defense of usury, nor will
      the
      operation of any of the terms of the Mortgage Note and the Mortgage, or the
      exercise of any right thereunder, render the Mortgage unenforceable, in whole
      or
      in part, or subject to any right of rescission, set-off, counterclaim or
      defense, including the defense of usury and no such right of rescission,
      set-off, counterclaim or defense has been asserted with respect
      thereto.  Each Prepayment Charge or penalty with respect to any
      Mortgage Loan is permissible, enforceable and collectible under applicable
      federal, state and local law;

     

    (vii)  All
      buildings upon the Mortgaged Property are insured by an insurer acceptable
      to
      FNMA or FHLMC against loss by fire, hazards of extended coverage and such other
      hazards as are customary in the area where the Mortgaged Property is located,
      pursuant to insurance policies conforming to the requirements of FNMA or FHLMC.
      All such insurance policies contain a standard mortgagee clause naming the
      Seller, its successors and assigns as mortgagee and all premiums thereon have
      been paid.  If the Mortgaged Property is in an area identified on a
      Flood Hazard Map or Flood Insurance Rate Map issued by the Federal Emergency
      Management Agency as having special flood hazards (and such flood insurance
      has
      been made available) a flood insurance policy meeting the requirements of the
      current guidelines of the Federal Insurance Administration is in effect which
      policy conforms to the requirements of FNMA or FHLMC. The Mortgage obligates
      the
      Mortgagor thereunder to maintain all such insurance at the Mortgagor’s cost and
      expense, and on the Mortgagor’s failure to do so, authorizes the holder of the
      Mortgage to maintain such insurance at Mortgagor’s cost and expense and to seek
      reimbursement therefor from the Mortgagor;

     

    (viii)  Any
      and
      all requirements of any federal, state or local law including, without
      limitation, usury, truth in lending, real estate settlement procedures,
      predatory and abusive lending, consumer credit protection, equal credit
      opportunity, fair housing or disclosure laws applicable to the origination
      and
      servicing of mortgage loans of a type similar to the Mortgage Loans have been
      complied with;

     

    (ix)  The
      Mortgage has not been satisfied, cancelled, subordinated or rescinded, in whole
      or in part, and the 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 satisfaction, cancellation, subordination, rescission
      or
      release;

     

    (x)  The
      Mortgage is a valid, existing and enforceable first or second (as indicated
      on
      the Mortgage Loan Schedule) lien on the Mortgaged Property, including all
      improvements on the Mortgaged Property subject only to (a) the lien of current
      real property taxes and assessments not yet due and payable, (b) covenants,
      conditions and restrictions, rights of way, easements and other matters of
      the
      public record as of the date of recording being acceptable to mortgage lending
      institutions generally and specifically referred to in the lender’s title
      insurance policy delivered to the originator of the Mortgage Loan and which
      do
      not adversely affect the Appraised Value of the Mortgaged Property, (c) to
      the
      extent the Mortgage Loan is a second lien Mortgage Loan, the related first
      lien
      on the Mortgaged Property; and (d) other matters to which like properties are
      commonly subject which do not materially interfere with the benefits of the
      security intended to be provided by the Mortgage or the use, enjoyment, value
      or
      marketability of the related Mortgaged Property. Any security agreement, chattel
      mortgage or equivalent document related to and delivered in connection with
      the
      Mortgage Loan establishes and creates a valid, existing and enforceable first
      or
      second (as indicated on the Mortgage Loan Schedule) lien and first or second
      (as
      indicated on the Mortgage Loan Schedule) priority security interest on the
      property described therein and the Seller has full right to sell and assign
      the
      same to the Purchaser. The Mortgaged Property was not, as of the date of
      origination of the Mortgage Loan, subject to a mortgage, deed of trust, deed
      to
      secure debt or other security instrument creating a lien subordinate to the
      lien
      of the Mortgage;

     

    (xi)  The
      Mortgage Note and the related Mortgage are genuine and each is the legal, valid
      and binding obligation of the maker thereof, enforceable in accordance with
      its
      terms except as such enforcement may be limited by bankruptcy;

     

    (xii)  All
      parties to the Mortgage Note and the Mortgage had legal capacity to enter into
      the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage,
      and the Mortgage Note and the Mortgage have been duly and properly executed
      by
      such parties. The Mortgagor is a natural person;

     

    (xiii)  The
      proceeds of the Mortgage Loan have been fully disbursed to or for the account
      of
      the Mortgagor and there is no obligation for the Mortgagee to advance additional
      funds thereunder and any and all requirements as to completion of any on-site
      or
      off-site improvement and as to disbursements of any escrow funds therefor have
      been complied with. All costs, fees and expenses incurred in making or closing
      the Mortgage Loan and the recording of the Mortgage have been paid, and the
      Mortgagor is not entitled to any refund of any amounts paid or due to the
      Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    (xiv)  The
      Seller is the sole legal, beneficial and equitable owner of the Mortgage Note
      and the Mortgage and has full right to transfer and sell the Mortgage Loan
      to
      the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge,
      claim or security interest;

     

    (xv)  All
      parties which have had any interest in the Mortgage Loan, whether as mortgagee,
      assignee, pledgee or otherwise, are (or, during the period in which they held
      and disposed of such interest, were) in material compliance with any and all
      applicable “doing business” and licensing requirements of the laws of the state
      wherein the Mortgaged Property is located (or were otherwise exempt from such
      requirements under applicable law);

     

    (xvi)  The
      Mortgage Loan is covered by an American Land Title Association (“ALTA”) lender’s
      title insurance policy (which, in the case of an Adjustable Rate Mortgage Loan
      has an adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1)
      acceptable to FNMA or FHLMC, issued by a title insurer acceptable to FNMA or
      FHLMC and qualified to do business in the jurisdiction where the Mortgaged
      Property is located, insuring (subject to the exceptions contained in (x)(a)
      and
      (b) above) the Seller, its successors and assigns as to the first or second
      (as
      indicated on the Mortgage Loan Schedule) priority lien of the Mortgage in the
      original principal amount of the Mortgage Loan and, with respect to any
      Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity
      or
      unenforceability of the lien resulting from the provisions of the Mortgage
      providing for adjustment in the Mortgage Interest Rate and Monthly
      Payment.  Additionally, such lender’s title insurance policy
      affirmatively insures ingress and egress to and from the Mortgaged Property,
      and
      against encroachments by or upon the Mortgaged Property or any interest therein.
      The Seller is the sole insured of such lender’s title insurance policy, and such
      lender’s title insurance policy is in full force and effect and will be in full
      force and effect upon the consummation of the transactions contemplated by
      this
      Agreement. No claims have been made under such lender’s title insurance policy,
      and no prior holder of the related Mortgage, including the Seller, has done,
      by
      act or omission, anything which would impair the coverage of such lender’s title
      insurance policy;

     

    (xvii)  There
      is
      no default, breach, violation or event of acceleration existing under the
      Mortgage or the Mortgage Note and no event which, with the passage of time
      or
      with notice and the expiration of any grace or cure period, would constitute
      a
      default, breach, violation or event of acceleration, and the Seller has not
      waived any default, breach, violation or event of acceleration.  With
      respect to each second lien mortgage loan (i) the first lien mortgage loan
      is in
      full force and effect, (ii) there is no default, breach, violation or event
      of
      acceleration existing under such first lien mortgage or the related mortgage
      note, (iii) no event which, with the passage of time or with notice and the
      expiration of any grace or cure period, would constitute a default, breach,
      violation or event of acceleration thereunder, and either (A) the first lien
      mortgage contains a provision which allows or (B) applicable law requires,
      the
      mortgagee under the second lien Mortgage Loan to receive notice of, and affords
      such mortgagee an opportunity to cure any default by payment in full or
      otherwise under the first lien mortgage;

     

    (xviii)  There
      are
      no mechanics’ or similar liens or claims which have been filed for work, labor
      or material (and no rights are outstanding that under law could give rise to
      such lien) affecting the related Mortgaged Property which are or may be liens
      prior to, or equal or coordinate with, the lien of the related
      Mortgage;

     

    (xix)  All
      improvements which were considered in determining the Appraised Value of the
      related Mortgaged Property lay wholly within the boundaries and building
      restriction lines of the Mortgaged Property, and no improvements on adjoining
      properties encroach upon the Mortgaged Property;

     

    (xx)  As
      of the
      origination of the Mortgage Loan, no improvement located on the Mortgaged
      Property was in violation of any applicable zoning or subdivision laws or
      ordinances;

     

    (xxi)  The
      Mortgage Loan was originated by the Seller or by a savings and loan association,
      a savings bank, a commercial bank, credit union, insurance company or similar
      institution which is supervised and examined by a federal or state authority,
      or
      by a mortgagee approved as such by the Secretary of HUD pursuant to Section
      203
      and 211 of the National Housing Act;

     

    (xxii)  Principal
      payments on the Mortgage Loan commenced no more than sixty days after the
      proceeds of the Mortgage Loan were disbursed.  The Mortgage Loan bears
      interest at the Mortgage Interest Rate.  With respect to each Mortgage
      Loan, the Mortgage Note is payable on the first day of each month in Monthly
      Payments, which, other than with respect to a Balloon Mortgage Loan, in the
      case
      of a Fixed Rate Mortgage Loans, are sufficient to fully amortize the original
      principal balance over the original term thereof and to pay interest at the
      related Mortgage Interest Rate, and, in the case of an Adjustable Rate Mortgage
      Loan, are changed on each Adjustment Date, and in any case, are sufficient
      to
      fully amortize the original principal balance over the original term thereof
      and
      to pay interest at the related Mortgage Interest Rate.  The Index for
      each Adjustable Rate Mortgage Loan is as defined in the related
      Confirmation.  With respect to each Balloon Mortgage Loan, the
      Mortgage Note requires a monthly payment which is sufficient to fully amortize
      the original principal balance over the original term thereof and to pay
      interest at the related Mortgage Interest Rate and requires a final Monthly
      Payment substantially greater than the preceding monthly payment which is
      sufficient to repay the remained unpaid principal balance of the Balloon
      Mortgage Loan as of the Due Date of such monthly payment.  The
      Mortgage Note does not permit negative amortization.  No Mortgage Loan
      is a Convertible Mortgage Loan;

     

    (xxiii)  The
      origination and collection practices used by the Seller with respect to each
      Mortgage Note and Mortgage have been in all respects legal, proper, prudent
      and
      customary in the mortgage origination and servicing industry.  The
      Mortgage Loan has been serviced by the Seller and any predecessor servicer
      in
      accordance with the terms of the Mortgage Note.  With respect to
      escrow deposits and Escrow Payments, if any, all such payments are in the
      possession of, or under the control of, the Seller and there exist no
      deficiencies in connection therewith for which customary arrangements for
      repayment thereof have not been made. No escrow deposits or Escrow Payments
      or
      other charges or payments due the Seller have been capitalized under any
      Mortgage or the related Mortgage Note and no such escrow deposits or Escrow
      Payments are being held by the Seller for any work on a Mortgaged Property
      which
      has not been completed;

     

    (xxiv)  The
      Mortgaged Property is in good repair and is free of damage and waste and there
      is no proceeding pending for the total or partial condemnation
      thereof;

     

    (xxv)  The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      such as to render the rights and remedies of the holder thereof adequate for
      the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (a) in the case of a Mortgage designated as a
      deed
      of trust, by trustee’s sale, and (b) otherwise by judicial
      foreclosure.  The Mortgaged Property has not been subject to any
      bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed
      for protection under applicable bankruptcy laws. There is no homestead or other
      exemption available to the Mortgagor which would interfere with the right to
      sell the Mortgaged Property at a trustee’s sale or the right to foreclose the
      Mortgage. The Mortgagor has not notified the Seller and the Seller has no
      knowledge of any relief requested or allowed to the Mortgagor under the
      Servicemembers’ Civil Relief Act;

     

    (xxvi)  The
      Mortgage Loan was underwritten in accordance with the underwriting standards
      of
      the Seller in effect at the time the Mortgage Loan was originated which
      underwriting standards satisfy the standards of FNMA or FHLMC; and the Mortgage
      Note and Mortgage are on forms acceptable to FNMA or FHLMC;

     

    (xxvii)  The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage on the Mortgaged Property and the security
      interest of any applicable security agreement or chattel mortgage referred
      to in
      (xi) above;

     

    (xxviii)  The
      Mortgage File contains an appraisal of the related Mortgaged Property which
      satisfied the standards of FNMA or FHLMC, was on appraisal form 1004 or form
      2055 with an interior inspection with respect to each first lien Mortgage Loan,
      and on appraisal form 704, 2065 or 2055 with an exterior inspection with respect
      to each second lien Mortgage Loan, and was made and signed, prior to the
      approval of the Mortgage Loan application, by a qualified appraiser, duly
      appointed by the Seller, who had no interest, direct or indirect in the
      Mortgaged Property or in any loan made on the security thereof, whose
      compensation is not affected by the approval or disapproval of the Mortgage
      Loan
      and who met the minimum qualifications of FNMA or FHLMC.  Each
      appraisal of the Mortgage Loan was made in accordance with the relevant
      provisions of the Financial Institutions Reform, Recovery, and Enforcement
      Act
      of 1989;

     

    (xxix)  In
      the
      event the Mortgage constitutes a deed of trust, a trustee, duly qualified under
      applicable law to serve as such, has been properly designated and currently
      so
      serves and is named in the Mortgage, and no fees or expenses are or will become
      payable by the Purchaser to the trustee under the deed of trust, except in
      connection with a trustee’s sale after default by the Mortgagor;

     

    (xxx)  No
      Mortgage Loan contains provisions pursuant to which Monthly Payments are (a)
      paid or partially paid with funds deposited in any separate account established
      by the Seller, the Mortgagor, or anyone on behalf of the Mortgagor, (b) paid
      by
      any source other than the Mortgagor or (c) contains any other similar provisions
      which may constitute a “buydown” provision. The Mortgage Loan is not a graduated
      payment mortgage loan and the Mortgage Loan does not have a shared appreciation
      or other contingent interest feature;

     

    (xxxi)  The
      Mortgagor has executed a statement to the effect that the Mortgagor has received
      all disclosure materials required by applicable law with respect to the making
      of fixed rate mortgage loans in the case of Fixed Rate Mortgage Loans, and
      adjustable rate mortgage loans in the case of Adjustable Rate Mortgage Loans
      and
      rescission materials with respect to Refinanced Mortgage Loans, and such
      statement is and will remain in the Mortgage File;

     

    (xxxii)  No
      Mortgage Loan was made in connection with (a) the construction or rehabilitation
      of a Mortgaged Property or (b) facilitating the trade-in or exchange of a
      Mortgaged Property;

     

    (xxxiii)  The
      Seller has no knowledge of any circumstances or condition with respect to the
      Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor’s credit
      standing that can reasonably be expected to cause the Mortgage Loan to be an
      unacceptable investment, cause the Mortgage Loan to become delinquent, or
      adversely affect the value of the Mortgage Loan;

     

    (xxxiv)  No
      Mortgage Loan had an LTV or a CLTV at origination in excess of 100%. Each
      Mortgage Loan with an LTV or CLTV at origination in excess of 80% is and will
      be
      subject to a Primary Insurance Policy, issued by a Qualified Insurer, which
      insures that portion of the Mortgage Loan in excess of the portion of the
      Appraised Value of the Mortgaged Property required by FNMA. All provisions
      of
      such Primary Insurance Policy have been and are being complied with, such policy
      is in full force and effect, and all premiums due thereunder have been paid.
      Any
      Mortgage subject to any such Primary Insurance Policy obligates the Mortgagor
      thereunder to maintain such insurance and to pay all premiums and charges in
      connection therewith. The Mortgage Interest Rate for the Mortgage Loan does
      not
      include any such insurance premium;

     

    (xxxv)  The
      Mortgaged Property is, to the best of the Seller’s knowledge, lawfully occupied
      under applicable law; all inspections, licenses and certificates required to
      be
      made or issued with respect to all occupied portions of the Mortgaged Property
      and, with respect to the use and occupancy of the same, including but not
      limited to certificates of occupancy, have been made or obtained from the
      appropriate authorities;

     

    (xxxvi)  No
      error,
      omission, misrepresentation, negligence, fraud or similar occurrence with
      respect to a Mortgage Loan has taken place on the part of any person, including
      without limitation the Mortgagor, any appraiser, any builder or developer,
      or
      any other party involved in the origination of the Mortgage Loan or in the
      application of any insurance in relation to such Mortgage Loan;

     

    (xxxvii)  For
      each
      Mortgage Loan that is not a MOM Loan, the Assignment of Mortgage is in
      recordable form except for the name of the assignee which is blank and is
      acceptable for recording under the laws of the jurisdiction in which the
      Mortgaged Property is located.  The original Mortgage was or is being
      recorded and, unless the Mortgage Loan is subject to the MERS System, all
      subsequent assignments of the original Mortgage (other than the assignment
      to
      Purchaser) have been recorded in the appropriate jurisdiction wherein such
      recordation is necessary to perfect the lien thereof against creditors of
      Seller, or is in the process of being recorded.

     

    (xxxviii)  Any
      principal advances made to the Mortgagor prior to the Cut-off Date have been
      consolidated with the outstanding principal amount secured by the Mortgage,
      and
      the secured principal amount, as consolidated, bears a single interest rate
      and
      single repayment term. The lien of the Mortgage securing the consolidated
      principal amount is expressly insured as having first or second lien priority
      by
      a title insurance policy or an endorsement to the policy insuring the
      mortgagee’s consolidated interest. The consolidated principal amount does not
      exceed the original principal amount of the Mortgage Loan;

     

    (xxxix)  Unless
      otherwise set forth on the related Mortgage Loan Schedule, no Mortgage Loan
      has
      a balloon payment feature;

     

    (xl)  If
      the
      Residential Dwelling on the Mortgaged Property is a condominium unit or a unit
      in a planned unit development (other than a de minimis planned unit development)
      such condominium or planned unit development project meets the eligibility
      requirements of FNMA or FHLMC;

     

    (xli)  The
      source of the down payment with respect to each Mortgage Loan has been fully
      verified by the Seller;

     

    (xlii)  Interest
      on each Mortgage Loan is calculated on the basis of a 360 day year consisting
      of
      twelve 30 day months;

     

    (xliii)  The
      Mortgaged Property is in material compliance with all applicable environmental
      laws pertaining to environmental hazards including, without limitation,
      asbestos, and neither the Seller nor, to the Seller’s knowledge, the related
      Mortgagor, has received any notice of any violation or potential violation
      of
      such law;

     

    (xliv)  Seller
      shall, at its own expense, cause each Mortgage Loan to be covered by a Tax
      Service Contract which is assignable to the Purchaser or its designee; provided
      however, that if the Seller fails to purchase such Tax Service Contract, the
      Seller shall be required to reimburse the Purchaser for all costs and expenses
      incurred by the Purchaser in connection with the purchase of any such Tax
      Service Contract;

     

    (xlv)  Each
      Mortgage Loan is covered by a Flood Zone Service Contract which is assignable
      to
      the Purchaser or its designee or, for each Mortgage Loan not covered by such
      Flood Zone Service Contract, the Seller agrees to purchase such Flood Zone
      Service Contract;

     

    (xlvi)  No
      Mortgage Loan is (a) subject to the provisions of the Homeownership and Equity
      Protection Act of 1994 as amended (“HOEPA”), (b) a “high cost” mortgage loan,
“covered” mortgage loan or “predatory” mortgage loan or any other comparable
      term, no matter how defined under any federal, state or local law, (c) subject
      to any comparable federal, state or local statutes or regulations, or any other
      statute or regulation providing for heightened regulatory scrutiny or assignee
      liability to holders of such mortgage loans, or (d) a High Cost Loan or Covered
      Loan, as applicable (as such terms are defined in the current Standard &
Poor’s LEVELS® Glossary Revised, Appendix E);

     

    (xlvii)  No
      predatory or deceptive lending practices, including but not limited to, the
      extension of credit to a mortgagor without regard for the mortgagor’s ability to
      repay the Mortgage Loan and the extension of credit to a mortgagor which has
      no
      apparent benefit to the mortgagor, were employed in connection with the
      origination of the Mortgage Loan.  Each Mortgage Loan is in compliance
      with the anti-predatory lending eligibility for purchase requirements of the
      FNMA Guides;

     

    (xlviii)  The
      debt-to-income ratio of the related Mortgagor was not greater than 60% at the
      origination of the related Mortgage Loan;

     

    (xlix)  No
      Mortgagor was required to purchase any single premium credit insurance policy
      (e.g., life, disability, accident, unemployment, or health insurance product)
      or
      debt cancellation agreement as a condition of obtaining the extension of
      credit.  No Mortgagor obtained a prepaid single premium credit
      insurance policy (e.g., life, disability, accident, unemployment, mortgage,
      or
      health insurance) in connection with the origination of the Mortgage Loan.
      No
      proceeds from any Mortgage Loan were used to purchase single premium credit
      insurance policies or debt cancellation agreements as part of the origination
      of, or as a condition to closing, such Mortgage Loan;

     

    (l)  The
      Mortgage Loans were not selected from the outstanding one to four-family
      mortgage loans in the Seller’s portfolio at the related Closing Date as to which
      the representations and warranties set forth in this Agreement could be made
      in
      a manner so as to affect adversely the interests of the Purchaser;

     

    (li)  The
      Mortgage contains an enforceable provision for the acceleration of the payment
      of the unpaid principal balance of the Mortgage Loan in the event that the
      Mortgaged Property is sold or transferred without the prior written consent
      of
      the mortgagee thereunder;

     

    (lii)  The
      Mortgage Loan complies with all applicable consumer credit statutes and
      regulations, including, without limitation, the respective Uniform Consumer
      Credit Code laws in effect in Colorado, Idaho, Indiana, Iowa, Kansas, Maine,
      Oklahoma, South Carolina, Utah and Wyoming (to the extent that the related
      Mortgaged Property is located in such state), has been originated by a properly
      licensed entity, and in all other respects, complies with all of the material
      requirements of any such applicable laws;

     

    (liii)  The
      information set forth in the Prepayment Charge Schedule is complete, true and
      correct in all material respects and each Prepayment Charge is permissible,
      enforceable and collectable under applicable federal and state law;

     

    (liv)  The
      Mortgage Loan was not prepaid in full prior to the Closing Date and the Seller
      has not received notification from a Mortgagor that a prepayment in full shall
      be made after the Closing Date;

     

    (lv)  No
      Mortgage Loan is secured by cooperative housing, commercial property, mobile
      homes, manufactured housing or mixed use property;

     

    (lvi)  Except
      as
      set forth on the related Mortgage Loan Schedule, none of the Mortgage Loans
      are
      subject to a Prepayment Charge.  For any Mortgage Loan originated
      prior to October 1, 2002 that is subject to a Prepayment Charge, such Prepayment
      Charge does not extend beyond five years after the date of
      origination.  For any Mortgage Loan originated on or following October
      1, 2002 that is subject to a Prepayment Charge, such Prepayment Charge does
      not
      extend beyond three years after the date of origination.  With respect
      to any Mortgage Loan that contains a provision permitting imposition of a
      Prepayment Charge upon a prepayment prior to maturity: (i) prior to the Mortgage
      Loan’s origination, the Mortgagor agreed to such Prepayment Charge in exchange
      for a monetary benefit, including but not limited to a rate or fee reduction,
      (ii) prior to the Mortgage Loan’s origination, the Mortgagor was offered the
      option of obtaining a Mortgage Loan that did not require payment of such a
      Prepayment Charge, (iii) the Prepayment Charge is disclosed to the Mortgagor
      in
      the loan documents pursuant to applicable state and federal law, (v) for
      Mortgage Loans originated on or after September 1, 2004, the duration of the
      Prepayment Period shall not exceed three (3) years from the date of the Mortgage
      Note, unless the Mortgage Loan was modified to reduce the prepayment period
      to
      no more than three years from the date of the Mortgage Note and the Mortgagor
      was notified in writing of such reduction in prepayment period, and (v)
      notwithstanding any state or federal law to the contrary, the Seller shall
      not
      impose such Prepayment Charge in any instance when the mortgage debt is
      accelerated as the result of the Mortgagor’s default in making the loan
      payments;

     

    (lvii)  The
      Seller has complied with all applicable anti-money laundering laws and
      regulations, including without limitation the USA Patriot Act of 2001
      (collectively, the “Anti-Money Laundering Laws”); the Seller has established an
      anti-money laundering compliance program as required by the Anti-Money
      Laundering Laws, has conducted the requisite due diligence in connection with
      the origination of each Mortgage Loan for purposes of the Anti-Money Laundering
      Laws, including with respect to the legitimacy of the applicable Mortgagor
      and
      the origin of the assets used by the said Mortgagor to purchase the property
      in
      question, and maintains, and will maintain, sufficient information to identify
      the applicable Mortgagor for purposes of the Anti-Money Laundering
      Laws.  No Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “blocked person” for
      purposes of the OFAC Regulations;

     

    (lviii)  No
      Mortgage Loan is secured by real property or secured  by a
      manufactured home located in the state of Georgia unless (x) such Mortgage
      Loan
      was originated prior to October 1, 2002 or after March 6, 2003, or (y) the
      property securing the Mortgage Loan is not, nor will be, occupied by the
      Mortgagor as the Mortgagor’s principal dwelling.  No Mortgage Loan is
      a “High Cost Home Loan” as defined in the Georgia Fair Lending Act, as amended
      (the “Georgia Act”) or  the New York Banking Law
      6-1.   Each Mortgage Loan that is a “Home Loan” under the Georgia
      Act complies with all applicable provisions of the Georgia Act. No Mortgage
      Loan
      secured by owner occupied real property or an owner occupied manufactured home
      located in the State of Georgia was originated (or modified) on or after October
      1, 2002 through and including March 6, 2003;

     

    (lix)  No
      Mortgagor was encouraged or required to select a Mortgage Loan product offered
      by the Mortgage Loan’s originator which is a higher cost product designed for
      less creditworthy borrowers, unless at the time of the Mortgage Loan’s
      origination, such Mortgagor did not qualify taking into account credit history
      and debt to income ratios for a lower cost credit product then offered by the
      Mortgage Loan’s originator or any affiliate of the Mortgage Loan’s
      originator.  If, at the time of loan application, the Mortgagor may
      have qualified for a for a lower cost credit product then offered by any
      mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    (lx)  The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      employs objective mathematical principles which relate the Mortgagor’s income,
      assets and liabilities to the proposed payment and such underwriting methodology
      does not rely on the extent of the Mortgagor’s equity in the collateral as the
      principal determining factor in approving such credit extension.  Such
      underwriting methodology confirmed that at the time of origination
      (application/approval) the Mortgagor had a reasonable ability to make timely
      payments on the Mortgage Loan;

     

    (lxi)  With
      respect to each Mortgage Loan, the Seller has fully and accurately furnished
      complete information on the related borrower credit files to Equifax, Experian
      and Trans Union Credit Information Company, in accordance with the Fair Credit
      Reporting Act and its implementing regulations, on a monthly basis and the
      Seller for each Loan will furnish, in accordance with the Fair Credit Reporting
      Act and its implementing regulations, accurate and complete information on
      its
      borrower credit files to Equifax, Experian, and Trans Union
      Credit  Information Company, on a monthly basis;

     

    (lxii)  All
      points and fees related to each Mortgage Loan were disclosed in writing to
      the
      related Borrower in accordance with applicable state and federal law and
      regulation.  Except in the case of a Mortgage Loan in an original
      principal amount of less than $60,000 which would have resulted in an
      unprofitable origination, no related Borrower was charged “points and fees”
(whether or not financed) in an amount greater than 5% of the principal amount
      of such loan, such 5% limitation is calculated in accordance with Fannie Mae’s
      anti-predatory lending requirements as set forth in the Fannie Mae Selling
      Guide;

     

    (lxiii)  All
      fees
      and charges (including finance charges) and whether or not financed, assessed,
      collected or to be collected in connection with the origination and servicing
      of
      each Mortgage Loan has been disclosed in writing to the Mortgagor in accordance
      with applicable state and federal law and regulation;

     

    (lxiv)  The
      Seller will transmit full-file credit reporting data for each Mortgage Loan
      pursuant to Fannie Mae Guide Announcement 95-19 and for each Mortgage Loan,
      Seller agrees it shall report one of the following statuses each month as
      follows: new origination, current, delinquent (30-, 60-, 90-days, etc.),
      foreclosed, or charged-off;

     

    (lxv)  No
      Mortgage Loan is a “High Cost Home Loan” as defined in the Arkansas Home Loan
      Protection Act effective October 16, 2003 (Act 1340 or 2003);

     

    (lxvi)  No
      Mortgage Loan is a “High Cost Home Loan” as defined in the Kentucky high-cost
      loan statute effective June 24, 2003 (Ky. Rev. Stat. Section
      360.100);

     

    (lxvii)  No
      Mortgage Loan secured by property located in the State of Nevada is a “home
      loan” as defined in the Nevada Assembly Bill No. 284;

     

    (lxviii)  No
      Mortgage Loan is a “manufactured housing loan” or “home improvement home loan”
pursuant to the New Jersey Home Ownership Act.  No Mortgage Loan is a
“High-Cost Home Loan” or a refinanced “Covered Home Loan,” in each case, as
      defined in the New Jersey Home Ownership Act effective November 27, 2003
      (N.J.S.A. 46;10B-22 et seq.);

     

    (lxix)  Each
      Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of
      the Code and Treasury Regulation Section 1.860G-2(a)(1);

     

    (lxx)  No
      Mortgage Loan is a subsection 10 mortgage under the Oklahoma Home Ownership
      and
      Equity protection Act;

     

    (lxxi)  No
      Mortgage Loan is a “High-Cost Home Loan” as defined in the New Mexico Home Loan
      Protection Act effective January 1, 2004 (N.M. Stat. Ann. §§ 58-21A-1 et
      seq.);

     

    (lxxii)  No
      Mortgage Loan is a “High-Risk Home Loan” as defined in the Illinois High-Risk
      Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et
      seq.);

     

    (lxxiii)  No
      Mortgage Loan originated in the City of Los Angeles is subject to the City
      of
      Los Angeles California Ordinance 175008 as a “home loan”;

     

    (lxxiv)  No
      Mortgage Loan originated in the City of Oakland is subject to the City of
      Oakland, California Ordinance 12361 as a “home loan”;

     

    (lxxv)  No
      Mortgage Loan is a “High-Cost Home Loan” as defined under the Maine House Bill
      383 L.D. 494, effective as of September 13, 2003;

     

    (lxxvi)  No
      Mortgage Loan is a “High-Cost Home Mortgage Loan” as defined in the
      Massachusetts Predatory Home Loan Practices Act, effective November 5, 2004
      (Mass. Ann. Laws Ch. 183C);

     

    (lxxvii)  With
      respect to any Mortgage Loan for which a mortgage loan application was submitted
      by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by Mortgaged
      Property in the State of Illinois which has a Mortgage Interest Rate in excess
      of 8.0% per annum has lender-imposed fees (or other charges) in excess of 3.0%
      of the original principal balance of the Mortgage Loan.

     

    (lxxviii)  With
      respect to each MOM Loan, a MIN has been assigned by MERS and such MIN is
      accurately provided on the Mortgage Loan Schedule.  The related
      Assignment of Mortgage to MERS has been duly and properly recorded, or has
      been
      delivered for recording to the applicable recording office;

     

    (lxxix)  With
      respect to each MERS Mortgage Loan, Seller has not received any notice of liens
      or legal actions with respect to such Mortgage Loan and no such notices have
      been electronically posted by MERS;

     

    (lxxx)  No
      Mortgagor agreed to submit to arbitration to resolve any dispute arising out
      of
      or relating in any way to the Mortgage Loan transaction, and with respect to
      any
      Mortgage Loan originated on or after August 1, 2004, neither the Mortgage nor
      the Mortgage Note requires the Mortgagor to submit to arbitration to resolve
      any
      dispute arising out of or relating in any way to the origination of the Mortgage
      Loan;

     

    (lxxxi)  Each
      Mortgage Loan is eligible for sale in the secondary market or for inclusion
      in a
      Pass-Through Transfer without unreasonable credit enhancement;

     

    (lxxxii)  With
      respect to each Mortgage Loan, (i) if the related first lien provides for
      negative amortization, the CLTV was calculated at the maximum principal balance
      of such first lien that could result upon application of such negative
      amortization feature, and (ii) either no consent for the Mortgage Loan is
      required by the holder of the first lien or such consent has been obtained
      and
      is contained in the Mortgage File;

     

    (lxxxiii)  Each
      Imaged Document represents a true, complete, and correct copy of the Original
      Document in all respects, including, but not limited to, all signatures
      conforming with signatures contained in the Original Document, no information
      having been added or deleted, and no Imaged Document having been manipulated
      or
      altered in any manner. Each Imaged Document is clear and legible, including,
      but
      not limited to, accurate reproductions of photographs. No Original Documents
      have been or will be altered in any manner;

     

    (lxxxiv)  The
      destruction of any Original Document or the inability of the Seller to produce
      a
      copy of such Original Document upon request shall not cause (i) any delay in
      the
      enforcement of the Mortgage Loan, (ii) any inability to collect all amounts
      due
      under the Mortgage Loan, including without limitation, in connection with a
      foreclosure or other sale of the Mortgaged Property, (iii) private institutional
      investors to regard the Mortgage Loan as an unacceptable investment or adversely
      affect the value or marketability of the Mortgage Loan, or (iv) any claims
      from
      holders of mortgage-backed securities collateralized by the Mortgage
      Loan.;

     

    (lxxxv)  With
      respect to each Mortgage Loan that is secured in whole or in part by the
      interest of the Mortgagor as a lessee under a ground lease of the related
      Mortgaged Property (a “Ground Lease”) and not by a fee interest in such
      Mortgaged Property:

    

    (a)  The
      Mortgagor is the owner of a valid and subsisting interest as tenant under the
      Ground Lease;

     

    (b)  The
      Ground Lease is in full force and effect, unmodified and not supplemented by
      any
      writing or otherwise;

     

    (c)  The
      Mortgagor is not in default under any of the terms thereof and there are no
      circumstances which, with the passage of time or the giving of notice or both,
      would constitute an event of default thereunder;

     

    (d)  The
      lessor under the Ground Lease is not in default under any of the terms or
      provisions thereof on the part of the lessor to be observed or
      performed;

     

    (e)  The
      term
      of the Ground Lease exceeds the maturity date of the related Mortgage Loan
      by at
      least ten years;

     

    (f)  The
      Ground Lease or a memorandum thereof has been recorded and by its terms permits
      the leasehold estate to be mortgaged.  The Ground Lease grants any
      leasehold mortgagee standard protection necessary to protect the security of
      a
      leasehold mortgagee;

     

    (g)  The
      Ground Lease does not contain any default provisions that could give rise to
      forfeiture or termination of the Ground Lease except for the non-payment of
      the
      Ground Lease rents;

     

    (h)  The
      execution, delivery and performance of the Mortgage do not require the consent
      (other than those consents which have been obtained and are in full force and
      effect) under, and will not contravene any provision of or cause a default
      under, the Ground Lease;

     

    (i)  The
      Ground Lease provides that the leasehold can be transferred, mortgaged and
      sublet an unlimited number of times either without restriction or on payment
      of
      a reasonable fee and delivery of reasonable documentation to the
      lessor;

     

    (j)  The
      Mortgagor has not commenced any action or given or received any notice for
      the
      purpose of terminating the Ground Lease;

     

    (k)  No
      lessor, as debtor in possession or by a trustee for such lessor has give any
      notice of, and the Mortgagor has not consented to, any attempt to transfer
      the
      related Mortgaged Property free and clear of such Ground Lease under section
      363(f) of the Bankruptcy Code; and

     

    (l)  No
      lessor
      is subject to any voluntary or involuntary bankruptcy, reorganization or
      insolvency proceeding and no Mortgaged Property is an asset in any voluntary
      or
      involuntary bankruptcy, reorganization or insolvency proceeding.

     

    (lxxxvi)  No
      Mortgage Loan is a “High-Cost Home Mortgage Loan” as defined in the
      Massachusetts Predatory Home Loan Practices Act, effective November 7, 2004
      (Mass. Ann. Laws Ch. 183C);

     

    (lxxxvii)  No
      Mortgage Loan is a balloon mortgage loan that has an original stated maturity
      of
      less than seven (7) years; and

     

    (lxxxviii)  No
      Mortgage Loan is subject to mandatory arbitration except when the terms of
      the
      arbitration also contain a waiver provision that provides that in the event
      of a
      sale or transfer of the Mortgage Loan or interest in the Mortgage Loan to Fannie
      Mae, the terms of the arbitration are null and void.  The Seller
      hereby covenants that the Seller or the servicer of the Mortgage Loan, as
      applicable, will notify the Mortgagor in writing within 60 days of the sale
      or
      transfer of the Mortgage Loan to Fannie Mae that the terms of the arbitration
      are null and void.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      J

    

    Representation
      and Warranties with Respect to the SunTrust Mortgage Loans

    

    Except
      for “Mortgage Loans”, which shall mean the SunTrust Mortgage Loans sold by the
      Seller to the Purchaser, all capitalized terms in this Exhibit J shall have
      the
      meanings ascribed to them in the SunTrust Purchase Agreement.

    

    (i)  The
      information set forth in the related Mortgage Loan Schedule is complete, true
      and correct;

     

    (ii)           The
      Mortgage Loan is in compliance with all requirements set forth in the related
      Confirmation, and the characteristics of the related Mortgage Loan Package
      as
      set forth in the related Confirmation are true and correct;

     

    (iii)           All
      payments required to be made up to the close of business on the Closing Date
      for
      such Mortgage Loan under the terms of the Mortgage Note have been made; the
      Seller has not advanced funds, or induced, solicited or knowingly received
      any
      advance of funds from a party other than the owner of the related Mortgaged
      Property, directly or indirectly, for the payment of any amount required by
      the
      Mortgage Note or Mortgage; and there has been no delinquency, exclusive of
      any
      period of grace, in any payment by the Mortgagor thereunder since the
      origination of the Mortgage Loan;

     

    (iv)           There
      are no delinquent taxes, ground rents, water charges, sewer rents, assessments,
      insurance premiums, leasehold payments, including assessments payable in future
      installments or other outstanding charges affecting the related Mortgaged
      Property;

     

    (v)           The
      terms of the Mortgage Note and the Mortgage have not been impaired, waived,
      altered or modified in any respect, except by written instruments, recorded
      in
      the applicable public recording office if necessary to maintain the lien
      priority of the Mortgage, and which have been delivered to the Custodian; the
      substance of any such waiver, alteration or modification has been approved
      by
      the insurer under the Primary Insurance Policy, if any, and the title insurer,
      to the extent required by the related policy, and is reflected on the related
      Mortgage Loan Schedule. No instrument of waiver, alteration or modification
      has
      been executed, and no Mortgagor has been released, in whole or in part, except
      in connection with an assumption agreement approved by the insurer under the
      Primary Insurance Policy, if any, the title insurer, to the extent required
      by
      the policy, and which assumption agreement has been delivered to the Custodian
      and the terms of which are reflected in the related Mortgage Loan
      Schedule;

     

    (vi)           The
      Mortgage Note and the Mortgage are not subject to any right of rescission,
      reformation, set off, counterclaim or defense, including the defense of usury,
      nor will the operation of any of the terms of the Mortgage Note and/or the
      Mortgage, or the exercise of any right thereunder, render the Mortgage
      unenforceable, in whole or in part, or subject to any right of rescission,
      reformation, set off, counterclaim or defense, including the defense of usury
      and no such right of rescission, reformation, set off, counterclaim or defense
      has been asserted with respect thereto, and there is no basis for the Mortgage
      Loan to be modified or reformed without the consent of the Mortgagor under
      applicable law.  Each Prepayment Charge or penalty with respect to any
      Mortgage Loan is permissible, enforceable and collectible under applicable
      federal, state and local law;

     

    (vii)           All
      buildings upon the Mortgaged Property are insured by an insurer acceptable
      to
      FNMA and FHLMC against loss by fire, hazards of extended coverage and such
      other
      hazards as are customary in the area where the Mortgaged Property is located,
      pursuant to insurance policies conforming to the requirements of the Servicing
      Addendum.  All such insurance policies contain a standard mortgagee
      clause naming the Seller, its successors and assigns as mortgagee and all
      premiums thereon have been paid.  If the Mortgaged Property is in an
      area identified on a Flood Hazard Map or Flood Insurance Rate Map issued by
      the
      Federal Emergency Management Agency as having special flood hazards (and such
      flood insurance has been made available) a flood insurance policy meeting the
      requirements of the current guidelines of the Federal Insurance Administration
      is in effect which policy conforms to the requirements of FNMA and FHLMC. The
      Mortgage obligates the Mortgagor thereunder to maintain all such insurance
      at
      the Mortgagor’s cost and expense, and on the Mortgagor’s failure to do so,
      authorizes the holder of the Mortgage to maintain such insurance at Mortgagor’s
      cost and expense and to seek reimbursement therefor from the
      Mortgagor;

     

    (viii)           Any
      and all requirements of any federal, state or local law including, without
      limitation, usury, truth in lending, real estate settlement procedures, consumer
      credit protection, equal credit opportunity, fair housing, disclosure laws
      and
      all predatory, abusive and fair lending laws applicable to the origination
      and
      servicing of mortgage loans of a type similar to the Mortgage Loans have been
      complied with and the consummation of the transactions contemplated hereby
      will
      not involve the violation of any such laws, and the Seller shall maintain in
      its
      possession, available for the inspection of the Purchaser or its designee,
      and
      shall deliver to the Purchaser or its designee, upon two Business Days’ request,
      evidence of compliance with such requirements;

     

    (ix)           The
      Mortgage has not been satisfied, cancelled, subordinated or rescinded, in whole
      or in part, and the 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 satisfaction, cancellation, subordination, rescission
      or
      release;

     

    (x)           The
      related Mortgage is properly recorded and is a valid, existing and enforceable
      (A) first lien and first priority security interest with respect to each
      Mortgage Loan which is indicated by the Seller to be a First Lien (as reflected
      on the Mortgage Loan Schedule), or (B) second lien and second priority security
      interest with respect to each Mortgage Loan which is indicated by the Seller
      to
      be a Second Lien (as reflected on the Mortgage Loan Schedule), in either case,
      on the Mortgaged Property, including all improvements on the Mortgaged Property
      subject only to (a) the lien of current real property taxes and assessments
      not
      yet due and payable, (b) covenants, conditions and restrictions, rights of
      way,
      easements and other matters of the public record as of the date of recording
      being acceptable to mortgage lending institutions generally and specifically
      referred to in the lender’s title insurance policy delivered to the originator
      of the Mortgage Loan and which do not adversely affect the Appraised Value
      of
      the Mortgaged Property, (c) other matters to which like properties are commonly
      subject which do not materially interfere with the benefits of the security
      intended to be provided by the Mortgage or the use, enjoyment, value or
      marketability of the related Mortgaged Property and (d) with respect to each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      (as reflected on the Mortgage Loan Schedule) a First Lien on the Mortgaged
      Property.  Any security agreement, chattel mortgage or equivalent
      document related to and delivered in connection with the Mortgage Loan
      establishes and creates a valid, existing and enforceable (A) first lien and
      first priority security interest with respect to each Mortgage Loan which is
      indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan
      Schedule) or (B) second lien and second priority security interest with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case,
      on
      the property described therein and the Seller has full right to sell and assign
      the same to the Purchaser.  The Mortgaged Property was not, as of the
      date of origination of the Mortgage Loan, subject to a mortgage, deed of trust,
      deed to secure debt or other security instrument creating a lien subordinate
      to
      the lien of the Mortgage;

     

    (xi)           The
      Mortgage Note and the related Mortgage are genuine and each is the legal, valid
      and binding obligation of the maker thereof, enforceable in accordance with
      its
      terms;

     

    (xii)           All
      parties to the Mortgage Note and the Mortgage had legal capacity to enter into
      the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage,
      and the Mortgage Note and the Mortgage have been duly and properly executed
      by
      such parties.  The Mortgagor is a natural person;

     

    (xiii)           The
      proceeds of the Mortgage Loan have been fully disbursed to or for the account
      of
      the Mortgagor and there is no obligation for the Mortgagee to advance additional
      funds thereunder and any and all requirements as to completion of any on-site
      or
      off-site improvement and as to disbursements of any escrow funds therefor have
      been complied with.  All costs, fees and expenses incurred in making
      or closing the Mortgage Loan and the recording of the Mortgage have been paid,
      and the Mortgagor is not entitled to any refund of any amounts paid or due
      to
      the Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    (xiv)           The
      Seller is the sole legal, beneficial and equitable owner of the Mortgage Note
      and the Mortgage.  The Seller has full right and authority under all
      governmental and regulatory bodies having jurisdiction over such Seller, subject
      to no interest or participation of, or agreement with, any party, to transfer
      and sell the Mortgage Loan to the Purchaser pursuant to this Agreement free
      and
      clear of any encumbrance or right of others, equity, lien, pledge, charge,
      mortgage, claim, participation interest or security interest of any nature
      (collectively, a “Lien”); and immediately upon the transfers and assignments
      herein contemplated, the Seller shall have transferred and sold all of its
      right, title and interest in and to each Mortgage Loan and the Purchaser will
      hold good, marketable and indefeasible title to, and be the owner of, each
      Mortgage Loan subject to no Lien;

     

    (xv)           All
      parties which have had any interest in the Mortgage Loan, whether as originator,
      mortgagee, assignee, pledgee or otherwise, are (or, during the period in which
      they held and disposed of such interest, were): (A) organized under the laws
      of
      such state, or (B) qualified to do business in such state, or (C) federal
      savings and loan associations or national banks having principal offices in
      such
      state, or (D) not doing business in such state so as to require qualification
      or
      licensing, or (E) not otherwise required to be licensed in such
      state.  All parties which have had any interest in the Mortgage Loan
      were in compliance with any and all applicable “doing business” and licensing
      requirements of the laws of the state wherein the Mortgaged Property is located
      or were not required to be licensed in such state;

     

    (xvi)           The
      Mortgage Loan is covered by an American Land Title Association (“ALTA”) ALTA
      lender’s title insurance policy acceptable to FNMA and FHLMC (which, in the case
      of an Adjustable Rate Mortgage Loan has an adjustable rate mortgage endorsement
      in the form of ALTA 6.0 or 6.1), issued by a title insurer acceptable to FNMA
      and FHLMC and qualified to do business in the jurisdiction where the Mortgaged
      Property is located, insuring (subject to the exceptions contained above in
      (x)(a) and (b) and, with respect to each Mortgage Loan which is indicated by
      the
      Seller to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan
      Schedule) clause (d)) the Seller, its successors and assigns as to the first
      priority lien of the Mortgage in the original principal amount of the Mortgage
      Loan and, with respect to any Adjustable Rate Mortgage Loan, against any loss
      by
      reason of the invalidity or unenforceability of the lien resulting from the
      provisions of the Mortgage providing for adjustment in the Mortgage Interest
      Rate and Monthly Payment.  Additionally, such lender’s title insurance
      policy affirmatively insures ingress and egress to and from the Mortgaged
      Property, and against encroachments by or upon the Mortgaged Property or any
      interest therein.  The Seller is the sole insured of such lender’s
      title insurance policy, and such lender’s title insurance policy is in full
      force and effect and will be in full force and effect upon the consummation
      of
      the transactions contemplated by this Agreement.  No claims have been
      made under such lender’s title insurance policy, and no prior holder of the
      related Mortgage, including the Seller, has done, by act or omission, anything
      which would impair the coverage of such lender’s title insurance
      policy;

     

    (xvii)          There
      is no default, breach, violation or event of acceleration existing under the
      Mortgage or the Mortgage Note and no event which, with the passage of time
      or
      with notice and the expiration of any grace or cure period, would constitute
      a
      default, breach, violation or event of acceleration, and the Seller has not
      waived any default, breach, violation or event of acceleration;With respect
      to
      each Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan (as reflected on the Final Mortgage Loan Schedule) (i) the First Lien
      is in
      full force and effect, (ii) there is no default, breach, violation or event
      of
      acceleration existing under such First Lien mortgage or the related mortgage
      note, (iii) no event which, with the passage of time or with notice and the
      expiration of any grace or cure period, would constitute a default, breach,
      violation or event of acceleration thereunder, and either (A) the First Lien
      mortgage contains a provision which allows or (B) applicable law requires,
      the
      mortgagee under the Second Lien Mortgage Loan to receive notice of, and affords
      such mortgagee an opportunity to cure any default by payment in full or
      otherwise under the First Lien mortgage;

     

    (xviii)         There
      are no mechanics’ or similar liens or claims which have been filed for work,
      labor or material (and no rights are outstanding that under law could give
      rise
      to such lien) affecting the related Mortgaged Property which are or may be
      liens
      prior to, or equal or coordinate with, the lien of the related
      Mortgage;

     

    (xix)            All
      improvements which were considered in determining the Appraised Value of the
      related Mortgaged Property lay wholly within the boundaries and building
      restriction lines of the Mortgaged Property, and no improvements on adjoining
      properties encroach upon the Mortgaged Property;

     

    (xx)           The
      Mortgage Loan was originated by the Seller or by a savings and loan association,
      a savings bank, a commercial bank or similar banking institution which is
      supervised and examined by a federal or state authority, or by a mortgagee
      approved as such by the Secretary of HUD.

     

    (xxi)           Payments
      on the Mortgage Loan shall commence (with respect to any newly originated
      Mortgage Loans) or commenced no more than sixty days after the proceeds of
      the
      Mortgage Loan were disbursed.  The Mortgage Loan bears interest at the
      Mortgage Interest Rate.  With respect to each Mortgage Loan, the
      Mortgage Note is payable on the first day of each month in Monthly Payments,
      which, (A) in the case of a Fixed Rate Mortgage Loan, are sufficient to fully
      amortize the original principal balance over the original term thereof (other
      than with respect to a Mortgage Loan identified on the related Mortgage Loan
      Schedule as an interest-only Mortgage Loan during the interest-only period)
      and
      to pay interest at the related Mortgage Interest Rate, and (B) in the case
      of an
      Adjustable Rate Mortgage Loan, are changed on each Adjustment Date, and in
      any
      case, are sufficient to fully amortize the original principal balance over
      the
      original term thereof and to pay interest at the related Mortgage Interest
      Rate.  The Index for each Adjustable Rate Mortgage Loan is as defined
      in the related Mortgage Loan Schedule.  With respect to each Mortgage
      Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage
      Loan,
      the interest-only period shall not exceed the period specified on the Mortgage
      Loan Schedule and following the expiration of such interest-only period, the
      remaining Monthly Payments shall be sufficient to fully amortize the original
      principal balance over the remaining term of the Mortgage Loan.  The
      Mortgage Note does not permit negative amortization.  No Mortgage Loan
      is a Convertible Mortgage Loan;

     

    (xxii)          The
      origination, servicing and collection practices used by the Seller with respect
      to each Mortgage Note and Mortgage, including without limitation the
      establishment, maintenance and servicing of the Escrow Accounts and Escrow
      Payments, if any, since origination have been in all respects legal, proper,
      prudent and customary in the mortgage origination and servicing
      industry.  The Mortgage Loan has been serviced by the Seller and any
      predecessor servicer in accordance with all applicable laws, rules and
      regulations, the terms of the Mortgage Note and Mortgage, and the FNMA and
      FHLMC
      servicing guides.  With respect to any Mortgage Loan which provides
      for an adjustable interest rate, all rate adjustments have been performed in
      accordance with the terms of the related Mortgage Note or subsequent
      modifications, if any. With respect to escrow deposits and Escrow Payments(other
      than with respect to each Mortgage Loan which is indicated by the Seller to
      be a
      Second Lien Mortgage Loan and for which the mortgagee under the First Lien
      is
      collecting Escrow Payments (as reflected on the Mortgage Loan Schedule)), if
      any, all such payments are in the possession of, or under the control of, the
      Seller and there exist no deficiencies in connection therewith for which
      customary arrangements for repayment thereof have not been made. No escrow
      deposits or Escrow Payments or other charges or payments due the Seller have
      been capitalized under any Mortgage or the related Mortgage Note and no such
      escrow deposits or Escrow Payments are being held by the Seller for any work
      on
      a Mortgaged Property which has not been completed;

     

    (xxiii)         The
      Mortgaged Property is free of damage and waste and is in good repair, and there
      is no proceeding pending or threatened for the total or partial condemnation
      thereof nor is such a proceeding currently occurring;

     

    (xxiv)         The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      such as to render the rights and remedies of the holder thereof adequate for
      the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (a) in the case of a Mortgage designated as a
      deed
      of trust, by trustee’s sale, and (b) otherwise by judicial
      foreclosure.  The Mortgaged Property has not been subject to any
      bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed
      for protection under applicable bankruptcy laws.  There is no
      homestead or other exemption available to the Mortgagor which would interfere
      with the right to sell the Mortgaged Property at a trustee’s sale or the right
      to foreclose the Mortgage. The Mortgagor has not notified the Seller and the
      Seller has no knowledge of any relief requested or allowed to the Mortgagor
      under the Servicemembers Civil Relief Act;

     

    (xxv)          The
      Mortgage Loan was underwritten in accordance with the underwriting standards
      of
      the Seller in effect at the time the Mortgage Loan was originated which
      underwriting standards satisfy the standards of FNMA and FHLMC; and the Mortgage
      Note and Mortgage are on forms acceptable to FNMA and FHLMC;

     

    (xxvi)          The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage on the Mortgaged Property and the security
      interest of any applicable security agreement or chattel mortgage referred
      to in
      (x) above;

     

    (xxvii)         The
      Mortgage File contains an appraisal of the related Mortgaged Property which,
      (a)
      with respect to First Lien Mortgage Loans, was on appraisal form 1004 or form
      2055 with an interior inspection, or (b) with respect to Second Lien Mortgage
      Loans, was on appraisal form 704, 2065 or 2055 with an exterior only inspection,
      and (c) with respect to (a) or (b) above, was made and signed, prior to the
      approval of the Mortgage Loan application, by a qualified appraiser, duly
      appointed by the Seller, who had no interest, direct or indirect in the
      Mortgaged Property or in any loan made on the security thereof, whose
      compensation is not affected by the approval or disapproval of the Mortgage
      Loan
      and who met the minimum qualifications of FNMA and FHLMC.  Each
      appraisal of the Mortgage Loan was made in accordance with the relevant
      provisions of the Financial Institutions Reform, Recovery, and Enforcement
      Act
      of 1989;

     

    (xxviii)        In
      the event the Mortgage constitutes a deed of trust, a trustee, duly qualified
      under applicable law to serve as such, has been properly designated and
      currently so serves and is named in the Mortgage, and no fees or expenses are
      or
      will become payable by the Purchaser to the trustee under the deed of trust,
      except in connection with a trustee’s sale after default by the
      Mortgagor;

     

    (xxix)           With
      respect to each Buydown Mortgage Loan:

     

    (a)           On
      or before the date of origination of such Mortgage Loan, the Seller and the
      Mortgagor, or the Seller, the Mortgagor and the seller of the Mortgaged Property
      or a third party entered into a Buydown Agreement.  The Buydown
      Agreement provides that the seller of the Mortgaged Property (or third party)
      shall deliver to the Seller temporary Buydown Funds in an amount equal to the
      aggregate undiscounted amount of payments that, when added to the amount the
      Mortgagor on such Mortgage Loan is obligated to pay on each Due Date in
      accordance with the terms of the Buydown Agreement, is equal to the full
      scheduled Monthly Payment due on such Mortgage Loan. The temporary Buydown
      Funds
      enable the Mortgagor to qualify for the Buydown Mortgage Loan for the first
      six
      months of the term of such Mortgage Loan at an interest rate of not more than
      1.0% less per annum than the Mortgage Interest Rate.  The effective
      interest rate will increase in the seventh month of the Buydown Mortgage Loan
      so
      that the effective interest rate will be equal to the interest rate as set
      forth
      in the related Mortgage Note.

     

    (b)           The
      Mortgage and Mortgage Note reflect the permanent payment terms rather than
      the
      payment terms of the Buydown Agreement.  The Buydown Agreement
      provides for the payment by the Mortgagor of the full amount of the Monthly
      Payment on any Due Date that the Buydown Funds are not available.  The
      Buydown Funds were not used to reduce the original principal balance of the
      Mortgage Loan or to increase the Appraised Value of the Mortgaged Property
      when
      calculating the Loan-to-Value Ratios for purposes of this Agreement and, if
      the
      Buydown Funds were provided by the Seller and if required under Agency
      Guidelines, the terms of the Buydown Agreement were disclosed to the appraiser
      of the Mortgaged Property;

     

    (c)           The
      Buydown Funds may not be refunded to the Mortgagor unless the Mortgagor makes
      a
      principal payment for the outstanding balance of the Mortgage Loan;
      and

     

    (d)           As
      of the date of origination of the Mortgage Loan, the provisions of the related
      Buydown Agreement complied with the requirements of FNMA and FHLMC regarding
      buydown agreements.

     

    (xxx)          The
      Mortgagor has executed a statement to the effect that the Mortgagor has received
      all disclosure materials required by applicable law with respect to the making
      of fixed rate mortgage loans in the case of Fixed Rate Mortgage Loans, and
      adjustable rate mortgage loans in the case of Adjustable Rate Mortgage Loans
      and
      rescission materials with respect to Refinanced Mortgage Loans, and such
      statement is and will remain in the Mortgage File;

     

    (xxxi)         No
      Mortgage Loan was made in connection with (a) the construction or rehabilitation
      of a Mortgaged Property or (b) facilitating the trade-in or exchange of a
      Mortgaged Property;

     

    (xxxii)       The
      Seller has no knowledge of any circumstances or condition with respect to the
      Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor’s credit
      standing that can reasonably be expected to cause the Mortgage Loan to be an
      unacceptable investment, cause the Mortgage Loan to become delinquent, or
      adversely affect the value of the Mortgage Loan;

     

    (xxxiii)      Each
      Mortgage Loan with an LTV at origination in excess of 80% is and will be subject
      to a Primary Insurance Policy, issued by a Qualified Insurer, which insures
      that
      portion of the Mortgage Loan in excess of the portion of the Appraised Value
      of
      the Mortgaged Property required by FNMA. All provisions of such Primary
      Insurance Policy have been and are being complied with, such policy is in full
      force and effect, and all premiums due thereunder have been paid. Any Mortgage
      subject to any such Primary Insurance Policy obligates the Mortgagor thereunder
      to maintain such insurance and to pay all premiums and charges in connection
      therewith. The Mortgage Interest Rate for the Mortgage Loan does not include
      any
      such insurance premium;

     

    (xxxiv)      The
      Mortgaged Property is lawfully occupied under applicable law; all inspections,
      licenses and certificates required to be made or issued with respect to all
      occupied portions of the Mortgaged Property and, with respect to the use and
      occupancy of the same, including but not limited to certificates of occupancy
      and fire underwriting certificates, have been made or obtained from the
      appropriate authorities.  No improvement located on or being part of
      any Mortgaged Property is in violation of any applicable zoning and subdivision
      law, ordinance  or regulation;

     

    (xxxv)       No
      error, omission, misrepresentation, negligence, fraud or similar occurrence
      with
      respect to a Mortgage Loan has taken place on the part of any person, including
      without limitation the Mortgagor, any appraiser, any builder or developer,
      or
      any other party involved in the origination of the Mortgage Loan or in the
      application of any insurance in relation to such Mortgage Loan;

     

    (xxxvi)      The
      Assignment of Mortgage is in recordable form and is acceptable for recording
      under the laws of the jurisdiction in which the Mortgaged Property is
      located;

     

    (xxxvii)     (xxxi)  
      Any principal advances made to the Mortgagor prior to the Cut-off Date have
      been
      consolidated with the outstanding principal amount secured by the Mortgage,
      and
      the secured principal amount, as consolidated, bears a single interest rate
      and
      single repayment term reflected on the Mortgage Loan Schedule.  The
      lien of the Mortgage securing the consolidated principal amount is expressly
      insured as having (A) first lien priority with respect to each Mortgage Loan
      which is indicated by the Seller to be a First Lien (as reflected on the
      Mortgage Loan Schedule), or (B) second lien priority with respect to each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      (as reflected on the Mortgage Loan Schedule), in either case, by a title
      insurance policy, an endorsement to the policy insuring the mortgagee’s
      consolidated interest or by other title evidence acceptable to FNMA and
      FHLMC.  The consolidated principal amount does not exceed the original
      principal amount of the Mortgage Loan;

     

    (xxxviii)   No
      Mortgage Loan has a balloon payment feature;

     

    (xxxix)      If
      the Residential Dwelling on the Mortgaged Property is a condominium unit or
      a
      unit in a planned unit development (other than a de minimis planned unit
      development) such condominium or planned unit development project meets the
      eligibility requirements of FNMA and FHLMC;

     

    (xl)           No
      Mortgage Loan which is a Cash-out Refinancing was originated in the State of
      Texas;

     

    (xli)           The
      source of the down payment with respect to each Mortgage Loan has been fully
      verified by the Seller;

     

    (xlii)         Interest
      on each Mortgage Loan is calculated on the basis of a 360-day year consisting
      of
      twelve 30-day months;

     

    (xliii)        The
      Mortgaged Property is in material compliance with all applicable environmental
      laws pertaining to environmental hazards including, without limitation,
      asbestos, and neither the Seller nor, to the Seller’s knowledge, the related
      Mortgagor, has received any notice of any violation or potential violation
      of
      such law;

     

    (xliv)        No
      Mortgage Loan is (a) subject to the provisions of the Home Ownership and Equity
      Protection Act of 1994 as amended (“HOEPA”), or has an “annual percentage rate”
or “total points and fees” payable by the borrower (as each such term is defined
      under HOEPA) that equals or exceeds the applicable thresholds defined under
      HOEPA (Section 32 of Regulation Z, 12 C.F.R. Section 226.32(a)(1)(i) and (ii)),
      (b) a “high cost” mortgage loan, “covered” mortgage loan (excluding home loans
      defined as “covered home loans” in the New Jersey Home Ownership Security Act of
      2002 that were originated between November 26, 2003 and July 7, 2004), “high
      risk home” mortgage loan, or “predatory” mortgage loan or any other comparable
      term, no matter how defined under any federal, state or local law, provided
      that
      this determination shall be made with respect to the relevant state or local
      law, regardless of the effect of any available federal preemption, other than
      exemptions specifically provided for in the relevant state or local law, (c)
      subject to any comparable federal, state or local statutes or regulations,
      or
      any other statute or regulation providing for heightened regulatory scrutiny,
      assignee liability to holders of such mortgage loans or additional legal
      liability for mortgage loans having high interest rates, points and/or fees,
      or
      (d) a High Cost Loan or Covered Loan, as applicable (as such terms are defined
      in the current Standard & Poor’s LEVELS® Glossary Revised, Appendix
      E);

     

    (xlv)         No
      predatory, abusive or deceptive lending practices, including but not limited
      to,
      the extension of credit to a mortgagor without regard for the mortgagor’s
      ability to repay the Mortgage Loan and the extension of credit to a mortgagor
      which has no apparent benefit to the mortgagor, were employed in connection
      with
      the origination of the Mortgage Loan;

     

    (xlvi)        None
      of the proceeds of the Mortgage Loan were used to finance the purchase of single
      premium credit life or disability insurance policies or any comparable
      insurance;

     

    (xlvii)       No
      Mortgagor was required to purchase any single premium credit insurance policy
      (e.g. life, mortgage, disability, accident, unemployment, property or health
      insurance product) or debt cancellation agreement as a condition of obtaining
      the extension of credit.  No Mortgagor obtained a prepaid single
      premium credit insurance policy (e.g. life, mortgage, disability, accident,
      unemployment, or health insurance product) in connection with the origination
      of
      the Mortgage Loan, and no proceeds from any Mortgage Loan were used to purchase
      single-premium credit insurance policies or debt cancellation agreements as
      part
      of the origination of, or as a condition to closing, such Mortgage
      Loan;

     

    (xlviii)      The
      Mortgage contains an enforceable provision for the acceleration of the payment
      of the unpaid principal balance of the Mortgage Loan in the event that the
      Mortgaged Property is sold or transferred without the prior written consent
      of
      the mortgagee thereunder;

     

    (xlix)         The
      Mortgage Loan complies with all applicable consumer credit statutes and
      regulations, including, without limitation, the respective Uniform Consumer
      Credit Code laws in effect in Colorado, Idaho, Indiana, Iowa, Kansas, Maine,
      Oklahoma, South Carolina, Utah and Wyoming, has been originated by a properly
      licensed entity, and in all other respects, complies with all of the material
      requirements of any such applicable laws;

     

    (l)           The
      information set forth in the Prepayment Charge Schedule is complete, true and
      correct in all material respects and each Prepayment Charge is permissible,
      enforceable and collectable under applicable federal and state law;

     

    (li)           The
      Mortgage Loan was not prepaid in full prior to the Closing Date and the Seller
      has not received notification from a Mortgagor that a prepayment in full shall
      be made after the Closing Date;

     

    (lii)           The
      seller has no knowledge of any circumstances or condition with respect to the
      Mortgage, the mortgaged property, the Mortgagor or the Mortgagor’s credit
      standing that can be reasonably be expected to cause the mortgage Loan to be
      an
      unacceptable investment, cause the Mortgage Loan to become delinquent, or
      adversely affect the value of the Mortgage Loan;

     

    (liii)           No
      Mortgage Loan is a “home loan” under the Georgia Fair Lending Act, or each
      Mortgage Loan secured by a mortgaged property located in the State of Georgia
      was originated after March 7, 2003;

     

    (liv)           No
      Mortgage Loan is secured by cooperative housing, commercial property or mixed
      use property; and

     

    (xlxv)          Each
      Mortgage Loan is eligible for sale in the secondary market or for inclusion
      in a
      Pass-Through Transfer without unreasonable credit enhancement.

     

    (lvi)           With
      respect to each MOM Loan, a MIN has been assigned by MERS and such MIN is
      accurately provided on the Mortgage Loan Schedule.  The related
      Assignment of Mortgage to MERS has been duly and properly recorded, or has
      been
      delivered for recording to the applicable recording office;

     

    (lvii)With
      respect to each MOM Loan, Seller has not received any notice of liens or legal
      actions with respect to such Mortgage Loan and no such notices have been
      electronically posted by MERS;

     

    (lviii)           With
      respect to each Mortgage Loan which is a Second Lien, (i) the related first
      lien
      does not permit negative amortization, and (ii) either no consent for the
      Mortgage Loan is required by the holder of the first lien or such consent has
      been obtained and is contained in the Mortgage File;

     

    (lix)           The
      Mortgaged Property is located in the state identified in the related Mortgage
      Loan Schedule and is improved by a Residential Dwelling;

     

    (lx)           No
      Mortgage Loan had an original term to maturity of more than thirty (30)
      years;

     

    (lxi)           The
      Mortgage Loan Documents with respect to each Mortgage Loan subject to Prepayment
      Charges specifically authorizes such Prepayment Charges to be collected, such
      Prepayment Charges are permissible and enforceable in accordance with the terms
      of the related Mortgage Loan Documents and all applicable federal, state and
      local laws (except to the extent that the enforceability thereof may be limited
      by bankruptcy, insolvency, moratorium, receivership and other similar laws
      relating to creditors’ rights generally or the collectability thereof may be
      limited due to acceleration in connection with a foreclosure) and each
      Prepayment Charge was originated in compliance with all applicable federal,
      state and local laws;

     

    (lxii)           The
      Seller has complied with all applicable anti-money laundering laws and
      regulations, including without limitation the USA Patriot Act of 2001
      (collectively, the “Anti-Money Laundering Laws”).  The Seller has
      established an anti-money laundering compliance program as required by the
      Anti-Money Laundering Laws, has conducted the requisite due diligence in
      connection with the origination of each Mortgage Loan for purposes of the
      Anti-Money Laundering Laws, including with respect to the legitimacy of the
      applicable Mortgagor and the origin of the assets used by the said Mortgagor
      to
      purchase the property in question, and maintains, and will maintain, sufficient
      information to identify the applicable Mortgagor for purposes of the Anti-Money
      Laundering Laws; no Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “blocked person” for
      purposes of the OFAC Regulations;

     

    (lxiii)          The
      sale or transfer of the Mortgage Loan by the Seller complies with all applicable
      federal, state, and local laws, rules, and regulations governing such sale
      or
      transfer, including, without limitation, the Fair and Accurate Credit
      Transactions Act (“FACT Act”) and the Fair Credit Reporting Act, each as may be
      amended from time to time, and the Seller has not received any actual or
      constructive notice of any identity theft, fraud, or other misrepresentation
      in
      connection with such Mortgage Loan or any party thereto;

     

    (lxiv)          Each
      Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of
      the Code and Treasury Regulation Section 1.860G-2(a)(1);

     

    (lxv)           The
      Mortgage Note is not and has not been secured by any collateral except the
      lien
      of the corresponding Mortgage on the Mortgaged Property and the security
      interest of any applicable security agreement or chattel mortgage referred
      to in
      (xi) above;

     

    (lxvi)          The
      Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan
      does not have a shared appreciation or other contingent interest
      feature;

     

    (lxvii)         Each
      original Mortgage was recorded and all subsequent assignments of the original
      Mortgage (other than the assignment to the Purchaser) have been recorded, or
      are
      in the process of being recorded, in the appropriate jurisdictions wherein
      such
      recordation is necessary to perfect the lien thereof as against creditors of
      the
      Seller. As to any Mortgage Loan which is not a MERS Mortgage Loan, the
      Assignment of Mortgage is in recordable form (except for the name of the
      assignee which is blank) and is acceptable for recording under the laws of
      the
      jurisdiction in which the Mortgaged Property is located;

     

    (lxviii)        Each
      Mortgage Loan originated in the state of Texas pursuant to Article XVI, Section
      50(a)(6) of the Texas Constitution (a “Texas Refinance Loan”) has been
      originated in compliance with the provisions of Article XVI, Section 50(a)(6)
      of
      the Texas Constitution, Texas Civil Statutes and the Texas Finance
      Code.  With respect to each Texas Refinance Loan that is a Cash Out
      Refinancing, the related Mortgage Loan Documents state that the Mortgagor may
      prepay such Texas Refinance Loan in whole or in part without incurring a
      Prepayment Charge.  The Seller does not collect any such Prepayment
      Charges in connection with any such Texas Refinance Loan;

     

    (lxix)           The
      Seller shall, at its own expense, cause each Mortgage Loan to be covered by
      a
“life of loan” Tax Service Contract which is assignable to the Purchaser or its
      designee at no cost to the Purchaser or its designee; provided however, that
      if
      the Seller fails to purchase such Tax Service Contract, the Seller shall be
      required to reimburse the Purchaser for all costs and expenses incurred by
      the
      Purchaser in connection with the purchase of any such Tax Service
      Contract;

     

    (lxx)            Each
      Mortgage Loan is covered by a “life of loan” Flood Zone Service Contract which
      is assignable to the Purchaser or its designee at no cost to the Purchaser
      or
      its designee or, for each Mortgage Loan not covered by such Flood Zone Service
      Contract, the Seller agrees to purchase such Flood Zone Service
      Contract;

     

    (lxxi)           Each
      Mortgage Loan has a valid and original Credit Score, with a minimum Credit
      Score
      as set forth in the related Confirmation;

     

    (lxxii)          No
      Mortgage Loan originated or modified on or after October 1, 2002 and prior
      to
      March 7, 2003 is secured by a Mortgaged Property located in the State of
      Georgia;

     

    (lxxiii)         No
      Mortgage Loan is a “manufactured housing loan” pursuant to the NJ Act, and one
      hundred percent of the amount financed of any purchase money Second Lien
      Mortgage Loan subject to the NJ Act was used for the purchase of the related
      Mortgaged Property;

     

    (lxxiv)         With
      respect to any Mortgage Loan for which a mortgage loan application was submitted
      by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by a
      Mortgage Property located in the State of Illinois is in violation of the
      provisions of the Illinois Interest Act, including Section 4.1a which provides
      that no such Mortgage Loan with a Mortgage Interest Rate in excess of 8.0%
      per
      annum has lender-imposed fees (or other charges) in excess of 3.0% of the
      original principal balance of the Mortgage Loan;

     

    (lxxv)          No
      Mortgage Loan is secured in whole or in part by the interest of the Mortgagor
      as
      a lessee under a ground lease of the related Mortgaged Property;

     

    (lxxvi)         No
      Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of
      Massachusetts was made to pay off or refinance an existing loan or other debt
      of
      the related borrower (as the term “borrower” is defined in the regulations
      promulgated by the Massachusetts Secretary of State in connection with
      Massachusetts House Bill 4880 (2004)) unless either (1) (a) the related Mortgage
      Interest Rate (that would be effective once the introductory rate expires,
      with
      respect to Adjustable Rate Mortgage Loans) did or would not exceed by more
      than
      2.25% the yield on United States Treasury securities having comparable periods
      of maturity to the maturity of the related Mortgage Loan as of the fifteenth
      day
      of the month immediately preceding the month in which the application for the
      extension of credit was received by the related lender or (b) the Mortgage
      Loan
      is an “open-end home loan” (as such term is used in the Massachusetts House Bill
      4880 (2004)) and the related Mortgage Note provides that the related Mortgage
      Interest Rate may not exceed at any time the Prime rate index as published
      in
      The Wall Street Journal plus a margin of one percent, or (2) such Mortgage
      Loan
      is in the "borrower's interest," as documented by a "borrower's interest
      worksheet" for the particular Mortgage Loan, which worksheet incorporates the
      factors set forth in Massachusetts House Bill 4880 (2004) and the regulations
      promulgated thereunder for determining "borrower's interest," and otherwise
      complies in all material respects with the laws of the Commonwealth of
      Massachusetts;

     

    (lxxvii)         The
      Mortgagor has not made or caused to be made any payment in the nature of an
      “average” or “yield spread premium” to a mortgage broker or a like Person which
      has not been fully disclosed to the Mortgagor;

     

    (lxxviii)        [Reserved];

     

    (lxxix)           With
      respect to any Mortgage Loan that contains a provision permitting imposition
      of
      a Prepayment Charge upon a Principal Prepayment prior to maturity: (i) prior
      to
      the Mortgage Loan’s origination, the Mortgagor agreed to such Prepayment Charge
      in exchange for a monetary benefit, including but not limited to a Mortgage
      Interest Rate or fee reduction, (ii) prior to the Mortgage Loan’s origination,
      the Mortgagor was offered the option of obtaining a Mortgage Loan that did
      not
      require payment of a Prepayment Charge and the originator of the Mortgage Loan
      had a written policy of offering borrowers, or requiring third-party brokers
      to
      offer borrowers, the option of obtaining a mortgage loan that did not require
      the payment of a Prepayment Charge, (iii) the Prepayment Charge is disclosed
      to
      the Mortgagor in the Mortgage Loan Documents pursuant to applicable state and
      federal law, (iv) for Mortgage Loans originated on or after October 1, 2002,
      the
      duration of the prepayment period shall not exceed three (3) years from the
      date
      of the Mortgage Note, unless the Mortgage Loan was modified to reduce the
      prepayment period to no more than three years from the date of the Mortgage
      Note
      and the Mortgagor was notified in writing of such reduction in the prepayment
      period, (v) no Mortgage Loan originated prior to October 1, 2002 has a
      Prepayment Charge longer than five years and (vi) notwithstanding any state
      or
      federal law to the contrary, the Seller shall not impose such Prepayment Charge
      in any instance when the Mortgage Loan is accelerated or paid off in connection
      with the workout of a delinquent mortgage or due to the Mortgagor’s
      default.  Each Prepayment Charge is permissible, collectable and
      enforceable;

     

    (lxxx)            No
      predatory, abusive or deceptive lending practices, including but not limited
      to,
      the extension of credit to a Mortgagor without regard for the Mortgagor’s
      ability to repay the Mortgage Loan and the extension of credit to a Mortgagor
      which has no tangible net benefit to the Mortgagor, were employed in connection
      with the origination of the Mortgage Loan.  Each Mortgage Loan is in
      compliance with the anti-predatory lending eligibility for purchase requirements
      of FNMA’s Selling Guide. No Mortgagor was encouraged or required to select a
      Mortgage Loan product offered by the Mortgage Loan’s originator which is a
      higher cost product designed for less creditworthy borrowers, unless at the
      time
      of the Mortgage Loan’s origination, such Mortgagor did not qualify taking into
      account credit history and debt to income ratios for a lower cost credit product
      then offered by the Mortgage Loan’s originator or any affiliate of the Mortgage
      Loan’s originator.  If, at the time of the related loan application,
      the Mortgagor may have qualified for a lower cost credit product then offered
      by
      any mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    (lxxxi)           The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      did not rely solely on the extent of the Mortgagor’s equity in the collateral as
      the principal determining factor in approving such extension of credit. The
      methodology employed objective criteria such as the Mortgagor’s income, assets
      and liabilities, to the proposed mortgage payment and, based on such
      methodology, the Mortgage Loan’s originator made a reasonable determination that
      at the time of origination the Mortgagor had the ability to make timely payments
      on the Mortgage Loan;

     

    (lxxxii)          All
      points, fees and charges, including finance charges (whether or not financed,
      assessed, collected or to be collected), in connection with the origination
      and
      servicing of any Mortgage Loan were disclosed in writing to the related
      Mortgagor in accordance with applicable state and federal laws and regulations
      and no related Mortgagor was charged “points and fees” (whether or not financed)
      in an amount that exceeds the greater of (1) 5% of the principal amount of
      such
      loan or (2) $1,000.  For the purposes of this representation, “points
      and fees” (a) include origination, underwriting, broker and finder’s fees and
      charges that the lender imposed as a condition of making the Mortgage Loan,
      whether they are paid to the lender or a third party; and (b) exclude bona
      fide
      discount points, fees paid for actual services rendered in connection with
      the
      origination of the Mortgage Loan (such as attorneys’ fees, notaries fees and
      fees paid for property appraisals, credit reports, surveys, title examinations
      and extracts, flood and tax certifications, and home inspections) and the cost
      of mortgage insurance or credit-risk price adjustments; the costs of title,
      hazard, and flood insurance policies; state and local transfer taxes or fees;
      escrow deposits for the future payment of taxes and insurance premiums; and
      other miscellaneous fees and charges, which miscellaneous fees and charges
      in
      total, do not exceed 0.25 percent of the loan amount);

     

    (lxxxiii)         The
      Seller will transmit full-file credit reporting data for each Mortgage Loan
      pursuant to Fannie Mae Guide Announcement 95-19 and for each Mortgage Loan,
      Seller agrees it shall report one of the following statuses each month as
      follows: new origination, current, delinquent (30-, 60-, 90-days, etc.),
      foreclosed, or charged-off;

     

    (lxxxiv)         No
      Mortgagor was required to purchase any single premium credit insurance policy
      (e.g. life, mortgage, disability, accident, unemployment, property or health
      insurance product) or debt cancellation agreement as a condition of obtaining
      the extension of credit.  No Mortgagor obtained a prepaid single
      premium credit insurance policy (e.g. life, mortgage, disability, accident,
      unemployment, property or health insurance product) in connection with the
      origination of the Mortgage Loan, and no proceeds from any Mortgage Loan were
      used to purchase single-premium credit insurance policies or debt cancellation
      agreements as part of the origination of, or as a condition to closing, such
      Mortgage Loan;

     

    (lxxxv)          The
      Seller and any predecessor servicer has fully furnished, in accordance with
      the
      Fair Credit Reporting Act and its implementing regulations, accurate and
      complete information (e.g., favorable and unfavorable) on its borrower credit
      files to Equifax, Experian and Trans Union Credit Information Company (three
      of
      the credit repositories) on a monthly basis; and the Seller will fully furnish,
      in accordance with the Fair Credit Reporting Act and its implementing
      regulations, accurate and complete information (e.g., favorable and unfavorable)
      on its borrower credit files to Equifax, Experian and Trans Credit Information
      Company (three of the credit repositories), on a monthly basis;

     

    (lxxxvi)         With
      respect to each Mortgage Loan, neither the related Mortgage nor the related
      Mortgage Note requires the Mortgagor to submit to arbitration to resolve any
      dispute arising out of or relating in any way to the Mortgage Loan
      transaction;  No Mortgagor agreed to submit to arbitration to resolve
      any dispute arising out of or relating in any way to the Mortgage Loan
      transaction; and

     

    (lxxxvii)        The
      Seller has no knowledge of any condition or circumstance relating to such
      Mortgage Loan that would indicate that the current Appraised Value of the
      Mortgaged Property is less than the Appraised Value at the origination of such
      Mortgage Loan.

     

    (lxxxviii)       No
      Mortgage Loan secured by a Mortgaged Property in the State of Ohio which closed
      on or after January 1, 2007 was originated pursuant to a no income/no asset
      documentation program or any other program pursuant to which the related
      Mortgagor was not required to disclose income. Each Mortgage Loan secured by
      a
      Mortgaged Property in the State of Ohio which closed on or after January 1,
      2007, was originated in compliance with the Ohio Consumer Sales Practices Act
      (Oh. Rev. Stat. 1345.01 et seq.) and the regulations promulgated thereunder
      and
      was made only after reasonable and appropriate methods were used to determine
      the borrower's repayment ability, including without limitation, employment
      verification for stated income loans, which have been properly documented and
      verified;

     

    (lxxxix)          Each
      original Mortgage was recorded and
      all subsequent assignments of the original Mortgage (other than the assignment
      to the Purchaser) have been recorded, or are in the process of being recorded,
      in the appropriate jurisdictions wherein such recordation is necessary to
      perfect the lien thereof as against creditors of the Seller;

     

    (xc)          
         No Mortgage Loan
      is secured by real property or secured by a manufactured home located in the
      state of Georgia unless (x) such Mortgage Loan was originated prior to October
      1, 2002 or after March 6, 2003, or (y) the property securing the Mortgage Loan
      is not, nor will be, occupied by the Mortgagor as the Mortgagor’s principal
      dwelling.  No Mortgage Loan is a “High Cost Home Loan ” as defined in
      the Georgia Fair Lending Act, as amended (the “Georgia
      Act”).   Each Mortgage Loan that is a “Home Loan” under the
      Georgia Act complies with all applicable provisions of the Georgia Act. No
      Mortgage Loan secured by owner occupied real property or an owner occupied
      manufactured home located in the State of Georgia was originated (or modified)
      on or after October 1, 2002 through and including March 6, 2003;
      and

     

    (xci)              No
      Mortgage Loan is a “manufactured
      housing loan” or “home improvement home loan” pursuant to the New Jersey Home
      Ownership Act.  No Mortgage Loan is a “High-Cost Home Loan” or a
      refinanced “Covered Home Loan,” in each case, as defined in the New Jersey Home
      Ownership Act effective November 27, 2003 (N.J.S.A. 46;10B-22 et
      seq.).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    EXHIBIT
      K

    

    Representation
      and Warranties with Respect to the Taylor Bean Mortgage
      Loans

    

    Except
      for “Mortgage Loans”, which shall mean the Taylor Bean Mortgage Loans sold by
      the Seller to the Purchaser, all capitalized terms in this Exhibit K shall
      have
      the meanings ascribed to them in the Taylor Bean Purchase
      Agreement.

    

    (i)  Mortgage
      Loans as Described.  The information set forth in the related
      Mortgage Loan Schedule and the Mortgage Loan data delivered to the Purchaser
      in
      the Data File is complete, true and correct. The Mortgage Loan is in compliance
      with all requirements set forth in the related Confirmation, and the
      characteristics of the related Mortgage Loan Package as set forth in the related
      Confirmation are true and correct;

     

    (ii)  Payments
      Current. All payments required to be made up to the close of business on the
      Closing Date for such Mortgage Loan under the terms of the Mortgage Note have
      been made; the Seller has not advanced funds, or induced, solicited or knowingly
      received any advance of funds from a party other than the owner of the related
      Mortgaged Property, directly or indirectly, for the payment of any amount
      required by the Mortgage Note or Mortgage.  There has been no
      delinquency, exclusive of any period of grace, in any payment by the Mortgagor
      thereunder since the origination of the Mortgage Loan;

     

    (iii)  No
      Outstanding Charges. There are no delinquent taxes, ground rents, water
      charges, sewer rents, assessments, insurance premiums, leasehold payments,
      including assessments payable in future installments or other outstanding
      charges affecting the related Mortgaged Property;

     

    (iv)  Location
      and Type of Mortgaged Property. The Mortgaged Property is located in the
      state identified in the related Mortgage Loan Schedule and is improved by a
      Residential Dwelling;

     

    (v)  Original
      Terms Unmodified. The terms of the Mortgage Note and the Mortgage have not
      been impaired, waived, altered or modified in any respect, except by written
      instruments, recorded in the applicable public recording office or registered
      with the MERS System if necessary to maintain the lien priority of the Mortgage,
      and which have been delivered to the Purchaser; the substance of any such
      waiver, alteration or modification has been approved by the insurer under the
      Primary Insurance Policy or LPMI Policy, if any, and the title insurer, to
      the
      extent required by the related policy, and is reflected on the related Mortgage
      Loan Schedule. No instrument of waiver, alteration or modification has been
      executed, and no Mortgagor has been released, in whole or in part, except in
      connection with an assumption agreement approved by the insurer under the
      Primary Insurance Policy or LPMI Policy, if any, the title insurer, to the
      extent required by the policy, and which assumption agreement has been delivered
      to the Purchaser and the terms of which are reflected in the related Mortgage
      Loan Schedule;

     

    (vi)  No
      Defenses.  The Mortgage Note and the Mortgage are not subject to
      any right of rescission, set off, counterclaim or defense, including the defense
      of usury, nor will the operation of any of the terms of the Mortgage Note and/or
      the Mortgage, or the exercise of any right thereunder, render the Mortgage
      unenforceable, in whole or in part, or subject to any right of rescission,
      set
      off, counterclaim or defense, including the defense of usury and no such right
      of rescission, set off, counterclaim or defense has been asserted with respect
      thereto;

     

    (vii)  Conformance
      with Underwriting Guidelines and Agency Standards. The Mortgage Loan was
      underwritten in accordance with the Underwriting Guidelines of the Seller in
      effect at the time the Mortgage Loan was originated; and the Mortgage Note
      and
      Mortgage are on forms acceptable to Fannie Mae and Freddie Mac;

     

    (viii)  Hazard
      Insurance. All buildings upon the Mortgaged Property are insured by a
      Qualified Insurer acceptable to Fannie Mae and Freddie Mac against loss by
      fire,
      hazards of extended coverage and such other hazards as are customary in the
      area
      where the Mortgaged Property is located, in an amount not less than the lesser
      of (i) 100% of the replacement cost of all improvements to the Mortgaged
      Property and (ii) either (A) the outstanding principal balance of the Mortgage
      Loan with respect to each first lien Mortgage Loan or (B) with respect to each
      Second Lien Mortgage Loan, the sum of the outstanding principal balance of the
      related first lien mortgage loan and the outstanding principal balance of the
      Second Lien Mortgage Loan; provided, however, in no event shall the amount
      of
      insurance be less than the amount necessary to avoid the operation of any
      co-insurance provisions with respect to the Mortgaged Property. All such
      insurance policies contain a standard mortgagee clause naming the Seller, its
      successors and assigns as mortgagee and all premiums thereon have been
      paid.  If the Mortgaged Property is in an area identified on a Flood
      Hazard Map or Flood Insurance Rate Map issued by the Federal Emergency
      Management Agency as having special flood hazards (and such flood insurance
      has
      been made available) a flood insurance policy meeting the requirements of the
      current guidelines of the Federal Insurance Administration is in effect which
      policy conforms to the requirements of Fannie Mae and Freddie
      Mac.  The Mortgage obligates the Mortgagor thereunder to maintain all
      such insurance at the Mortgagor’s cost and expense, and on the Mortgagor’s
      failure to do so, authorizes the holder of the Mortgage to maintain such
      insurance at Mortgagor’s cost and expense and to seek reimbursement therefor
      from the Mortgagor;

     

    (ix)  Compliance
      with Applicable Laws. Any and all requirements of any federal, state or
      local law including, without limitation, usury, truth in lending, real estate
      settlement procedures, consumer credit protection, equal credit opportunity,
      fair housing, disclosure laws or all predatory and abusive lending laws
      applicable to the origination and servicing of mortgage loans of a type similar
      to the Mortgage Loans have been complied with and the consummation of the
      transactions contemplated hereby will not involve the violation of any such
      laws, and the Seller shall maintain in its possession, available for the
      inspection of the Purchaser or its designee, and shall deliver to the Purchaser
      or its designee, upon two Business Days’ request, evidence of compliance with
      such requirements;

     

    (x)  No
      Satisfaction of Mortgage. The Mortgage has not been satisfied, cancelled,
      subordinated or rescinded, in whole or in part, and the 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 satisfaction,
      cancellation, subordination, rescission or release;

     

    (xi)  Valid
      Lien. The related Mortgage is properly recorded and is a valid, existing and
      enforceable (A) first lien and first priority security interest with respect
      to
      each Mortgage Loan which is indicated by the Seller to be a First Lien (as
      reflected on the Mortgage Loan Schedule), or (B) second lien and second priority
      security interest with respect to each Mortgage Loan which is indicated by
      the
      Seller to be a Second Lien (as reflected on the Mortgage Loan Schedule), in
      either case, on the Mortgaged Property, including all improvements on the
      Mortgaged Property subject only to (a) the lien of current real property taxes
      and assessments not yet due and payable, (b) covenants, conditions and
      restrictions, rights of way, easements and other matters of the public record
      as
      of the date of recording being acceptable to mortgage lending institutions
      generally and specifically referred to in the lender’s title insurance policy
      delivered to the originator of the Mortgage Loan and which do not adversely
      affect the Appraised Value of the Mortgaged Property, (c) other matters to
      which
      like properties are commonly subject which do not materially interfere with
      the
      benefits of the security intended to be provided by the Mortgage or the use,
      enjoyment, value or marketability of the related Mortgaged Property and (d)
      with
      respect to each Mortgage Loan which is indicated by the Seller to be a Second
      Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien
      on
      the Mortgaged Property.  Any security agreement, chattel mortgage or
      equivalent document related to and delivered in connection with the Mortgage
      Loan establishes and creates a valid, existing and enforceable (A) first lien
      and first priority security interest with respect to each Mortgage Loan which
      is
      indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan
      Schedule) or (B) second lien and second priority security interest with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case,
      on
      the property described therein and the Seller has full right to sell and assign
      the same to the Purchaser.  The Mortgaged Property was not, as of the
      date of origination of the Mortgage Loan, subject to a mortgage, deed of trust,
      deed to secure debt or other security instrument creating a lien subordinate
      to
      the lien of the Mortgage;

     

    (xii)  Validity
      of Mortgage Loan Documents. The Mortgage Note and the related Mortgage are
      genuine and each is the legal, valid and binding obligation of the maker
      thereof, enforceable in accordance with its terms;

     

    (xiii)  Legal
      Capacity. All parties to the Mortgage Note and the Mortgage had legal
      capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage
      Note and the Mortgage, and the Mortgage Note and the Mortgage have been duly
      and
      properly executed by such parties.  The Mortgagor is a natural
      person;

     

    (xiv)  Full
      Disbursement of Proceeds. The proceeds of the Mortgage Loan have been fully
      disbursed to or for the account of the Mortgagor and there is no obligation
      for
      the Mortgagee to advance additional funds thereunder and any and all
      requirements as to completion of any on-site or off-site improvement and as
      to
      disbursements of any escrow funds therefor have been complied
      with.  All costs, fees and expenses incurred in making or closing the
      Mortgage Loan and the recording of the Mortgage have been paid, and the
      Mortgagor is not entitled to any refund of any amounts paid or due to the
      Mortgagee pursuant to the Mortgage Note or Mortgage;

     

    (xv)  Ownership.
      The Seller is the sole legal, beneficial and equitable owner of the Mortgage
      Note and the Mortgage.  The Seller has full right and authority under
      all governmental and regulatory bodies having jurisdiction over such Seller,
      subject to no interest or participation of, or agreement with, any party, to
      transfer and sell the Mortgage Loan to the Purchaser pursuant to this Agreement
      free and clear of any encumbrance or right of others, equity, lien, pledge,
      charge, mortgage, claim, participation interest or security interest of any
      nature (collectively, a “Lien”); and immediately upon the transfers and
      assignments herein contemplated, the Seller shall have transferred and sold
      all
      of its right, title and interest in and to each Mortgage Loan and the Purchaser
      will hold good, marketable and indefeasible title to, and be the owner of,
      each
      Mortgage Loan subject to no Lien;

     

    (xvi)  Doing
      Business. All parties which have had any interest in the Mortgage Loan,
      whether as originator, mortgagee, assignee, pledgee or otherwise, are (or,
      during the period in which they held and disposed of such interest, were):
      (A)
      organized under the laws of such state, or (B) qualified to do business in
      such
      state, or (C) federal savings and loan associations or national banks having
      principal offices in such state, or (D) not doing business in such state so
      as
      to require qualification or licensing, or (E) not otherwise required to be
      licensed in such state.  All parties which have had any interest in
      the Mortgage Loan were in compliance with any and all applicable “doing
      business” and licensing requirements of the laws of the state wherein the
      Mortgaged Property is located or were not required to be licensed in such
      state;

     

    (xvii)  Title
      Insurance. The Mortgage Loan is covered by an American Land Title
      Association (“ALTA”) ALTA lender’s title insurance policy acceptable to Fannie
      Mae and Freddie Mac (which, in the case of an Adjustable Rate Mortgage Loan
      has
      an adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1), issued
      by a title insurer acceptable to Fannie Mae and Freddie Mac and qualified to
      do
      business in the jurisdiction where the Mortgaged Property is located, insuring
      (subject to the exceptions contained above in (xi)(a) and (b) and, with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (d)) the
      Seller, its successors and assigns as to the first priority lien of the Mortgage
      in the original principal amount of the Mortgage Loan and, with respect to
      any
      Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity
      or
      unenforceability of the lien resulting from the provisions of the Mortgage
      providing for adjustment in the Mortgage Interest Rate and Monthly
      Payment.  Additionally, such lender’s title insurance policy
      affirmatively insures ingress and egress to and from the Mortgaged Property,
      and
      against encroachments by or upon the Mortgaged Property or any interest
      therein.  The Seller is the sole insured of such lender’s title
      insurance policy, and such lender’s title insurance policy is in full force and
      effect and will be in full force and effect upon the consummation of the
      transactions contemplated by this Agreement.  No claims have been made
      under such lender’s title insurance policy, and no prior holder of the related
      Mortgage, including the Seller, has done, by act or omission, anything which
      would impair the coverage of such lender’s title insurance policy;

     

    (xviii)  No
      Defaults. There is no default, breach, violation or event of acceleration
      existing under the Mortgage or the Mortgage Note and no event which, with the
      passage of time or with notice and the expiration of any grace or cure period,
      would constitute a default, breach, violation or event of acceleration, and
      the
      Seller has not waived any default, breach, violation or event of
      acceleration.  With respect to each Mortgage Loan which is indicated
      by the Seller to be a Second Lien Mortgage Loan (as reflected on the Mortgage
      Loan Schedule) (i) the First Lien is in full force and effect, (ii) there is
      no
      default, breach, violation or event of acceleration existing under such First
      Lien mortgage or the related mortgage note, (iii) no event which, with the
      passage of time or with notice and the expiration of any grace or cure period,
      would constitute a default, breach, violation or event of acceleration
      thereunder, and either (A) the First Lien mortgage contains a provision which
      allows or (B) applicable law requires, the mortgagee under the Second Lien
      Mortgage Loan to receive notice of, and affords such mortgagee an opportunity
      to
      cure any default by payment in full or otherwise under the First Lien
      mortgage;

     

    (xix)  No
      Mechanics’ Liens. There are no mechanics’ or similar liens or claims which
      have been filed for work, labor or material (and no rights are outstanding
      that
      under law could give rise to such lien) affecting the related Mortgaged Property
      which are or may be liens prior to, or equal or coordinate with, the lien of
      the
      related Mortgage;

     

    (xx)  Origination.
      The Mortgage Loan was originated by the Seller or by a savings and loan
      association, a savings bank, a commercial bank or similar banking institution
      which is supervised and examined by a federal or state authority, or by a
      mortgagee approved as such by the Secretary of HUD;

     

    (xxi)  Payment
      Terms. Payments on the Mortgage Loan shall commence (with respect to any
      newly originated Mortgage Loans) or commenced no more than sixty days after
      the
      proceeds of the Mortgage Loan were disbursed.  The Mortgage Loan bears
      interest at the Mortgage Interest Rate.  With respect to each Mortgage
      Loan, the Mortgage Note is payable on the first day of each month in Monthly
      Payments, which, (A) in the case of a Fixed Rate Mortgage Loan, are sufficient
      to fully amortize the original principal balance over the original term thereof
      (other than with respect to a Mortgage Loan identified on the related Mortgage
      Loan Schedule as an interest-only Mortgage Loan during the interest-only period
      or a Mortgage Loan which is identified on the related Mortgage Loan Schedule
      as
      a Balloon Mortgage Loan)  and to pay interest at the related Mortgage
      Interest Rate, and (B) in the case of an Adjustable Rate Mortgage Loan, are
      changed on each Adjustment Date, and in any case, are sufficient to fully
      amortize the original principal balance over the original term thereof (other
      than with respect to a Mortgage Loan identified on the related Mortgage Loan
      Schedule as an interest-only Mortgage Loan during the interest-only period
      or a
      Mortgage Loan which is identified on the related Mortgage Loan Schedule as
      a
      Balloon Mortgage Loan) and to pay interest at the related Mortgage Interest
      Rate.  The Index for each Adjustable Rate Mortgage Loan is as defined
      in the related Mortgage Loan Schedule.  With respect to each Mortgage
      Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage
      Loan,
      the interest-only period shall not exceed the period specified on the Mortgage
      Loan Schedule and following the expiration of such interest-only period, the
      remaining Monthly Payments shall be sufficient to fully amortize the original
      principal balance over the remaining term of the Mortgage Loan.  With
      respect to each Balloon Mortgage Loan, the Mortgage Note requires a monthly
      payment which is sufficient to fully amortize the original principal balance
      over the original term thereof and to pay interest at the related Mortgage
      Interest Rate and requires a final Monthly Payment substantially greater than
      the preceding monthly payment which is sufficient to repay the remaining unpaid
      principal balance of the Balloon Mortgage Loan as of the Due Date of such
      Monthly Payment.  No Balloon Mortgage Loan has an original stated
      maturity of less than seven (7) years. The Mortgage Note does not permit
      negative amortization.  No Mortgage Loan had an original term to
      maturity of more than thirty (30) years;

     

    (xxii)  Origination
      and Collection Practices; Escrow Deposits. The origination, servicing and
      collection practices used by the Seller with respect to each Mortgage Note
      and
      Mortgage, including without limitation the establishment, maintenance and
      servicing of the Escrow Accounts and Escrow Payments, if any, since origination
      have been in all respects legal, proper, prudent and customary in the mortgage
      origination and servicing industry.  The Mortgage Loan has been
      serviced by the Seller and any predecessor servicer in accordance with all
      applicable laws, rules and regulations, the terms of the Mortgage Note and
      Mortgage, and the Fannie Mae and Freddie Mac servicing guides.  With
      respect to escrow deposits and Escrow Payments (other than with respect to
      each
      Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage
      Loan
      and for which the mortgagee under the First Lien is collecting Escrow Payments
      (as reflected on the Mortgage Loan Schedule)), if any, all such payments are
      in
      the possession of, or under the control of, the Seller and there exist no
      deficiencies in connection therewith for which customary arrangements for
      repayment thereof have not been made.  No escrow deposits or Escrow
      Payments or other charges or payments due the Seller have been capitalized
      under
      any Mortgage or the related Mortgage Note and no such escrow deposits or Escrow
      Payments are being held by the Seller for any work on a Mortgaged Property
      which
      has not been completed;

     

    (xxiii)  Mortgaged
      Property Undamaged. The Mortgaged Property is free of damage and waste and
      is in good repair, and there is no proceeding pending or threatened for the
      total or partial condemnation thereof nor is such a proceeding currently
      occurring;

     

    (xxiv)  Customary
      Provisions. The Mortgage and related Mortgage Note contain customary and
      enforceable provisions such as to render the rights and remedies of the holder
      thereof adequate for the realization against the Mortgaged Property of the
      benefits of the security provided thereby, including, (a) in the case of a
      Mortgage designated as a deed of trust, by trustee’s sale, and (b) otherwise by
      judicial foreclosure.  The Mortgaged Property has not been subject to
      any bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not
      filed for protection under applicable bankruptcy laws.  There is no
      homestead or other exemption available to the Mortgagor which would interfere
      with the right to sell the Mortgaged Property at a trustee’s sale or the right
      to foreclose the Mortgage;  The Mortgagor has not notified the Seller
      and the Seller has no knowledge of any relief requested or allowed to the
      Mortgagor under the Servicemembers Civil Relief Act;

     

    (xxv)  Appraisal.
      Unless otherwise set forth on the Mortgage Loan Schedule, the Mortgage File
      contains an appraisal of the related Mortgaged Property which, (a) with respect
      to First Lien Mortgage Loans, was on appraisal form 1004 or form 2055 with
      an
      interior inspection, or (b) with respect to Second Lien Mortgage Loans, was
      on
      appraisal form 704, 2065 or 2055 with an exterior only inspection, and (c)
      with
      respect to (a) or (b) above, was made and signed, prior to the approval of
      the
      Mortgage Loan application, by a qualified appraiser, duly appointed by the
      Seller, who had no interest, direct or indirect in the Mortgaged Property or
      in
      any loan made on the security thereof, whose compensation is not affected by
      the
      approval or disapproval of the Mortgage Loan and who met the minimum
      qualifications of Fannie Mae and Freddie Mac.  Each appraisal of the
      Mortgage Loan was made in accordance with the relevant provisions of the
      Financial Institutions Reform, Recovery, and Enforcement Act of
      1989;

     

    (xxvi)  Deeds
      of Trust. In the event the Mortgage constitutes a deed of trust, a trustee,
      duly qualified under applicable law to serve as such, has been properly
      designated and currently so serves and is named in the Mortgage, and no fees
      or
      expenses are or will become payable by the Purchaser to the trustee under the
      deed of trust, except in connection with a trustee’s sale after default by the
      Mortgagor;

     

    (xxvii)  Construction
      or Rehabilitation of Mortgaged Property. No Mortgage Loan was made in
      connection with (a) the construction or rehabilitation of a Mortgaged Property
      or (b) facilitating the trade-in or exchange of a Mortgaged
      Property;

     

    (xxviii)   LTV;
      CLTV. The Loan-to-Value Ratio of any Mortgage Loan at origination was not
      more than 95% and the CLTV of any Mortgage Loan at origination was not more
      than
      100%;  Each Mortgage Loan (other than any Mortgage Loan underwritten
      pursuant to the Seller’s Subprime Underwriting Guidelines) with an original
      Loan-to-Value Ratio at origination greater than 80% is and will be subject
      to a
      Primary Insurance Policy, issued by a Qualified Insurer, which insures that
      portion of the Mortgage Loan in excess of the portion of the Appraised Value
      of
      the Mortgaged Property as required by Fannie Mae.  All provisions of
      such Primary Insurance Policy have been and are being complied with, such policy
      is in full force and effect, and all premiums due thereunder have been
      paid.  Any Mortgage subject to any such Primary Insurance Policy
      obligates the Mortgagor thereunder to maintain such insurance and to pay all
      premiums and charges in connection therewith.  The Mortgage Interest
      Rate for the Mortgage Loan does not include any such insurance
      premium.  If a Mortgage Loan is identified on the Mortgage Loan
      Schedule as subject to a Lender Paid Mortgage Insurance Policy, such policy
      insures that portion of the Mortgage Loan set forth in the LPMI
      Policy.  All provisions of any such LPMI Policy have been and are
      being complied with, such policy is in full force and effect, and all premiums
      due thereunder have been paid.  The Mortgage Interest Rate for the
      Mortgage Loan does not include the insurance premium for any LPMI
      Policy;

     

    (xxix)   Occupancy
      of the Mortgaged Property. The Mortgaged Property is lawfully occupied under
      applicable law; all inspections, licenses and certificates required to be made
      or issued with respect to all occupied portions of the Mortgaged Property and,
      with respect to the use and occupancy of the same, including but not limited
      to
      certificates of occupancy and fire underwriting certificates, have been made
      or
      obtained from the appropriate authorities.  No improvement located on
      or being part of any Mortgaged Property is in violation of any applicable zoning
      and subdivision law, ordinance  or regulation;

     

    (xxx)  No
      Error, Omission, Fraud etc.  No error, omission,
      misrepresentation, negligence, fraud or similar occurrence with respect to
      a
      Mortgage Loan has taken place on the part of any person, including without
      limitation the Mortgagor, any appraiser, any builder or developer, or any other
      party involved in the origination of the Mortgage Loan or in the application
      of
      any insurance in relation to such Mortgage Loan;

     

    (xxxi)  Consolidation
      of Advances; Lien Priority. Any principal advances made to the Mortgagor
      prior to the Cut-off Date have been consolidated with the outstanding principal
      amount secured by the Mortgage, and the secured principal amount, as
      consolidated, bears a single interest rate and single repayment term reflected
      on the Mortgage Loan Schedule.  The lien of the Mortgage securing the
      consolidated principal amount is expressly insured as having (A) first lien
      priority with respect to each Mortgage Loan which is indicated by the Seller
      to
      be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second
      lien
      priority with respect to each Mortgage Loan which is indicated by the Seller
      to
      be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule),
      in
      either case, by a title insurance policy, an endorsement to the policy insuring
      the mortgagee’s consolidated interest or by other title evidence acceptable to
      Fannie Mae and Freddie Mac.  The consolidated principal amount does
      not exceed the original principal amount of the Mortgage Loan;

     

    (xxxii)   Environmental
      Matters. The Mortgaged Property is in material compliance with all
      applicable environmental laws pertaining to environmental hazards including,
      without limitation, asbestos, and neither the Seller nor, to the Seller’s
      knowledge, the related Mortgagor, has received any notice of any violation
      or
      potential violation of such law;

     

    (xxxiii)   HOEPA.
      No Mortgage Loan is (a) subject to the provisions of the Homeownership and
      Equity Protection Act of 1994 as amended (“HOEPA”), (b) a “high cost” mortgage
      loan, “covered” mortgage loan, “high risk home” mortgage loan,  or
“predatory” mortgage loan or any other comparable term, no matter how defined
      under any federal, state or local law, (c) subject to any comparable federal,
      state or local statutes or regulations, or any other statute or regulation
      providing for heightened regulatory scrutiny or assignee liability to holders
      of
      such mortgage loans, or (d) a High Cost Loan or Covered Loan, as applicable
      (as
      such terms are defined in the current Standard & Poor’s LEVELS® Glossary
      Revised, Appendix E);

     

    (xxxiv)   Due-On-Sale.
      Each Mortgage contains an enforceable provision for the acceleration of the
      payment of the unpaid principal balance of the related Mortgage Loan in the
      event the related Mortgaged Property is sold or transferred without the prior
      consent of the mortgagee thereunder;

     

    (xxxv)  Second
      Liens. With respect to each Mortgage Loan which is a Second Lien, (i) the
      related First Lien does not provide for negative amortization, (ii) either
      no
      consent for the Mortgage Loan is required by the holder of the First Lien or
      such consent has been obtained and is contained in the Mortgage File and (iii)
      such Second Lien is on a Residential Dwelling that is (or will be) the principal
      residence of the Mortgagor upon origination of the Second Lien;

     

    (xxxvi)  Prepayment
      Charges in Mortgage Loan Documents. The Mortgage Loan Documents with respect
      to each Mortgage Loan subject to Prepayment Charges specifically authorizes
      such
      Prepayment Charges to be collected, such Prepayment Charges are permissible
      and
      enforceable in accordance with the terms of the related Mortgage Loan Documents
      and all applicable federal, state and local laws (except to the extent that
      the
      enforceability thereof may be limited by bankruptcy, insolvency, moratorium,
      receivership and other similar laws relating to creditors’ rights generally or
      the collectability thereof may be limited due to acceleration in connection
      with
      a foreclosure) and each Prepayment Charge was originated in compliance with
      all
      applicable federal, state and local laws;

     

    (xxxvii)   Compliance
      with Patriot Act. The Seller has complied with all applicable anti-money
      laundering laws and regulations, including without limitation the USA Patriot
      Act of 2001 (collectively, the “Anti-Money Laundering Laws”).  The
      Seller has established an anti-money laundering compliance program as required
      by the Anti-Money Laundering Laws, has conducted the requisite due diligence
      in
      connection with the origination of each Mortgage Loan for purposes of the
      Anti-Money Laundering Laws, including with respect to the legitimacy of the
      applicable Mortgagor and the origin of the assets used by the said Mortgagor
      to
      purchase the property in question, and maintains, and will maintain, sufficient
      information to identify the applicable Mortgagor for purposes of the Anti-Money
      Laundering Laws; no Mortgage Loan is subject to nullification pursuant to
      Executive Order 13224 (the “Executive Order”) or the regulations promulgated by
      the Office of Foreign Assets Control of the United States Department of the
      Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the
      OFAC Regulations, and no Mortgagor is subject to the provisions of such
      Executive Order or the OFAC Regulations nor listed as a “blocked person” for
      purposes of the OFAC Regulations;

     

    (xxxviii)  MERS
      Mortgage Loans. With respect to each MERS Mortgage Loan, a MIN has been
      assigned by MERS and such MIN is accurately provided on the related Mortgage
      Loan Schedule. The related Assignment of Mortgage to MERS has been duly and
      properly recorded or has been delivered for recording to the applicable
      recording office. With respect to each MERS Mortgage Loan, the Seller has not
      received any notice of liens or legal actions with respect to such Mortgage
      Loan
      and no such notices have been electronically posted by MERS;

     

    (xxxix)  FACT
      Act.  The sale or transfer of the Mortgage Loan by the Seller
      complies with all applicable federal, state, and local laws, rules, and
      regulations governing such sale or transfer, including, without limitation,
      the
      Fair and Accurate Credit Transactions Act (“FACT Act”) and the Fair Credit
      Reporting Act, each as may be amended from time to time, and the Seller has
      not
      received any actual or constructive notice of any identity theft, fraud, or
      other misrepresentation in connection with such Mortgage Loan or any party
      thereto.

     

    (xl)  Qualified
      Mortgage. Each Mortgage Loan constitutes a “qualified mortgage” under
      Section 860G(a)(3)(A) of the Code and Treasury Regulation Section
      1.860G-2(a)(1);

     

    (xli)  Condos
      and PUDs. If the Residential Dwelling on the Mortgaged Property is a
      condominium unit or a unit in a planned unit development (other than a de
      minimis planned unit development) such condominium or planned unit development
      project meets the eligibility requirements of Fannie Mae and Freddie
      Mac;

     

    (xlii)  Appraised
      Value.  All improvements which were considered in determining the
      Appraised Value of the related Mortgaged Property lay wholly within the
      boundaries and building restriction lines of the Mortgaged Property, and no
      improvements on adjoining properties encroach upon the Mortgaged
      Property;

     

    (xliii)  No
      Additional Collateral. The Mortgage Note is not and has not been secured by
      any collateral except the lien of the corresponding Mortgage on the Mortgaged
      Property and the security interest of any applicable security agreement or
      chattel mortgage referred to in (xi) above;

     

    (xliv)  Buydown
      Mortgage Loans. No Mortgage Loan contains provisions pursuant to which
      Monthly Payments are (a) paid or partially paid with funds deposited in any
      separate account established by the Seller, the Mortgagor, or anyone on behalf
      of the Mortgagor, (b) paid by any source other than the Mortgagor or (c)
      contains any other similar provisions which may constitute a “buydown”
provision.

     

    (xlv)  No
      Convertible Mortgage Loans; No Graduated Payments or Contingent Interests.
      No Mortgage Loan is a Convertible Mortgage Loan. The Mortgage Loan is not a
      graduated payment mortgage loan, and the Mortgage Loan does not have a shared
      appreciation or other contingent interest feature;

     

    (xlvi)  Disclosure
      Materials. The Mortgagor has executed a statement to the effect that the
      Mortgagor has received all disclosure materials required by applicable law
      with
      respect to the making of fixed rate mortgage loans in the case of Fixed Rate
      Mortgage Loans, and adjustable rate mortgage loans in the case of Adjustable
      Rate Mortgage Loans and rescission materials with respect to Refinanced Mortgage
      Loans, and such statement is and will remain in the Mortgage File;

     

    (xlvii)  Recordation
      of Mortgages. Each original Mortgage was recorded and all subsequent
      assignments of the original Mortgage (other than the assignment to the
      Purchaser) have been recorded, or are in the process of being recorded, in
      the
      appropriate jurisdictions wherein such recordation is necessary to perfect
      the
      lien thereof as against creditors of the Seller. As to any Mortgage Loan which
      is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form
      (except for the name of the assignee which is blank) and is acceptable for
      recording under the laws of the jurisdiction in which the Mortgaged Property
      is
      located;

     

    (xlviii)  Texas
      Refinance Loans. Each Mortgage Loan originated in the state of Texas
      pursuant to Article XVI, Section 50(a)(6) of the Texas Constitution (a “Texas
      Refinance Loan”) has been originated in compliance with the provisions of
      Article XVI, Section 50(a)(6) of the Texas Constitution, Texas Civil Statutes
      and the Texas Finance Code.  With respect to each Texas Refinance Loan
      that is a Cash Out Refinancing, the related Mortgage Loan Documents state that
      the Mortgagor may prepay such Texas Refinance Loan in whole or in part without
      incurring a Prepayment Charge.  The Seller does not collect any such
      Prepayment Charges in connection with any such Texas Refinance
      Loan;

     

    (xlix)  Verification
      of Down Payment. Unless otherwise set forth on the Mortgage Loan Schedule,
      the source of the down payment with respect to each Mortgage Loan has been
      fully
      verified by the Seller;

     

    (l)  Tax
      Service Contracts. The Seller shall, at its own expense, cause each Mortgage
      Loan to be covered by a “life of loan” Tax Service Contract which is assignable
      to the Purchaser or its designee at no cost to the Purchaser or its designee;
      provided however, that if the Seller fails to purchase such Tax Service
      Contract, the Seller shall be required to reimburse the Purchaser for all costs
      and expenses incurred by the Purchaser in connection with the purchase of any
      such Tax Service Contract;

     

    (li)  Flood
      Zone Service Contracts. Each Mortgage Loan is covered by a “life of loan”
Flood Zone Service Contract which is assignable to the Purchaser or its
      designee
      at no cost to the Purchaser or its designee or, for each Mortgage Loan not
      covered by such Flood Zone Service Contract, the Seller agrees to purchase
      such
      Flood Zone Service Contract;

     

    (lii)  No
      Cooperatives; No Commercial Property; No Mixed Use Property, No Manufacture
      Housing. No Mortgage Loan is secured by cooperative housing, commercial
      property, manufactured housing, a mobile home or mixed use
      property;

     

    (liii)  Secondary
      Market Sales. Each Mortgage Loan is eligible for sale in the secondary
      market or for inclusion in a Securitization Transaction without unreasonable
      credit enhancement;

     

    (liv)  No
      Adverse Selection. No selection procedures were used by the Seller that
      identified the Mortgage Loans as being less desirable or valuable than other
      comparable mortgage loans in the Seller’s portfolio;

     

    (lv)  Georgia.
      No Mortgage Loan originated or modified on or after October 1, 2002 and prior
      to
      March 7, 2003 is secured by a Mortgaged Property located in the State of
      Georgia.  No Mortgage Loan originated on or after March 7, 2003 is a
“high cost home loan” as defined under the Georgia Fair Lending
      Act.

     

    (lvi)  New
      Jersey Manufactured Housing Loans.  No Mortgage Loan is a
“manufactured housing loan” pursuant to the NJ Act, and one hundred percent of
      the amount financed of any purchase money Second Lien Mortgage Loan subject
      to
      the NJ Act was used for the purchase of the related Mortgaged
      Property;

     

    (lvii)  Reserved;

     

    (lviii)  No
      Ground Leases. No Mortgage Loan is secured in whole or in part by the
      interest of the Mortgagor as a lessee under a ground lease of the related
      Mortgaged Property;

     

    (lix)  Massachusetts
      Refinanced Mortgage Loans.  No Mortgage Loan secured by a
      Mortgaged Property located in the Commonwealth of Massachusetts was made to
      pay
      off or refinance an existing loan or other debt of the related borrower (as
      the
      term “borrower” is defined in the regulations promulgated by the Massachusetts
      Secretary of State in connection with Massachusetts House Bill 4880 (2004))
      unless either (1) (a) the related Mortgage Interest Rate (that would be
      effective once the introductory rate expires, with respect to Adjustable Rate
      Mortgage Loans) did or would not exceed by more than 2.25% the yield on United
      States Treasury securities having comparable periods of maturity to the maturity
      of the related Mortgage Loan as of the fifteenth day of the month immediately
      preceding the month in which the application for the extension of credit was
      received by the related lender or (b) the Mortgage Loan is an “open-end home
      loan” (as such term is used in the Massachusetts House Bill 4880 (2004)) and the
      related Mortgage Note provides that the related Mortgage Interest Rate may
      not
      exceed at any time the Prime rate index as published in The Wall Street Journal
      plus a margin of one percent, or (2) such Mortgage Loan is in the "borrower's
      interest," as documented by a "borrower's interest worksheet" for the particular
      Mortgage Loan, which worksheet incorporates the factors set forth in
      Massachusetts House Bill 4880 (2004) and the regulations promulgated thereunder
      for determining "borrower's interest," and otherwise complies in all material
      respects with the laws of the Commonwealth of Massachusetts;

     

    (lx)  Broker
      Fees. The Mortgagor has not made or caused to be made any payment in the
      nature of an “average” or “yield spread premium” to a mortgage broker or a like
      Person which has not been fully disclosed to the Mortgagor;

     

    (lxi)  Acceptable
      Investment. The Seller has no knowledge of any circumstances or condition
      with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the
      Mortgagor’s credit standing that can reasonably be expected to cause the
      Mortgage Loan to be an unacceptable investment, cause the Mortgage Loan to
      become delinquent, cause the Mortgage Loan to not be paid in full when due,
      or
      adversely affect the value of the Mortgage Loan;

     

    (lxii)  No
      Notification of Prepayments in Full. The Mortgage Loan was not prepaid in
      full prior to the Closing Date and the Seller has not received notification
      from
      a Mortgagor that a prepayment in full shall be made after the Closing
      Date;

     

    (lxiii)  Limitation
      on number of Mortgage Notes per Borrower. No Mortgagor is the obligor on
      more than two Mortgage Notes;

     

    (lxiv)  Prepayment
      Charges; With respect to any Mortgage Loan that contains a provision
      permitting imposition of a Prepayment Charge upon a Principal Prepayment prior
      to maturity: (i) prior to the Mortgage Loan’s origination, the Mortgagor agreed
      to such Prepayment Charge in exchange for a monetary benefit, including but
      not
      limited to a Mortgage Interest Rate or fee reduction, (ii) prior to the Mortgage
      Loan’s origination, the Mortgagor was offered the option of obtaining a Mortgage
      Loan that did not require payment of a Prepayment Charge, (iii) the Prepayment
      Charge is disclosed to the Mortgagor in the Mortgage Loan Documents pursuant
      to
      applicable state and federal law, (iv) for Mortgage Loans originated on or
      after
      October 1, 2002, the duration of the prepayment period shall not exceed three
      (3) years from the date of the Mortgage Note, unless the Mortgage Loan was
      modified to reduce the prepayment period to no more than three years from the
      date of the Mortgage Note and the Mortgagor was notified in writing of such
      reduction in the prepayment period, (v) no Mortgage Loan originated prior to
      October 1, 2002 has a Prepayment Charge longer than five years and (vi)
      notwithstanding any state or federal law to the contrary, the Seller shall
      not
      impose such Prepayment Charge in any instance when the Mortgage Loan is
      accelerated or paid off in connection with the workout of a delinquent mortgage
      or due to the Mortgagor’s default.  Each Prepayment Charge is
      permissible, collectable and enforceable.

     

    (lxv)  No
      Predatory Lending. No predatory, abusive or deceptive lending practices,
      including but not limited to, the extension of credit to a Mortgagor without
      regard for the Mortgagor’s ability to repay the Mortgage Loan and the extension
      of credit to a Mortgagor which has no tangible net benefit to the Mortgagor,
      were employed in connection with the origination of the Mortgage
      Loan.  Each Mortgage Loan is in compliance with the anti-predatory
      lending eligibility for purchase requirements of Fannie Mae’s Selling Guide. No
      Mortgagor was encouraged or required to select a Mortgage Loan product offered
      by the Mortgage Loan’s originator which is a higher cost product designed for
      less creditworthy borrowers, unless at the time of the Mortgage Loan’s
      origination, such Mortgagor did not qualify taking into account credit history
      and debt to income ratios for a lower cost credit product then offered by the
      Mortgage Loan’s originator or any affiliate of the Mortgage Loan’s
      originator.  If, at the time of the related loan application, the
      Mortgagor may have qualified for a lower cost credit product then offered by
      any
      mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    (lxvi)  Underwriting
      Methodology. The methodology used in underwriting the extension of credit
      for each Mortgage Loan employs objective mathematical principles which relate
      the Mortgagor’s income, assets and liabilities to the proposed payment and such
      underwriting methodology does not rely on the extent of the Mortgagor’s equity
      in the collateral as the principal determining factor in approving such credit
      extension.  Such underwriting methodology confirmed that at the time
      of origination (application/approval) the Mortgagor had a reasonable ability
      to
      make timely payments on the Mortgage Loan;

     

    (lxvii)  Points
      and Fees Disclosed. All points and fees related to each Mortgage Loan were
      disclosed in writing to the related Borrower in accordance with applicable
      state
      and federal laws and regulations.  No Borrower was charged “points and
      fees” (whether or not financed) in an amount greater than (a) $1,000 or (b) 5%
      of the principal amount of such Mortgage Loan, whichever is greater, such 5%
      limitation is calculated in accordance with Fannie Mae’s anti-predatory lending
      requirements as set forth in the Fannie Mae Guides.  For purposes of
      this representation, “points and fees” (x) include origination, underwriting,
      broker and finder’s fees and charges that the lender imposed as a condition of
      making the Mortgage Loan, whether they are paid to the lender or a third party,
      and (y) exclude bona fide discount points, fees paid for actual services
      rendered in connection with the origination of the mortgage (such as attorneys’
fees, notaries fees and fees paid for property appraisals, credit reports,
      surveys, title examinations and extracts, flood and tax certifications, and
      home
      inspections); the cost of mortgage insurance or credit-risk price adjustments;
      the costs of title, hazard, and flood insurance policies; state and local
      transfer taxes or fees; escrow deposits for the future payment of taxes and
      insurance premiums; and other miscellaneous fees and charges that, in total,
      do
      not exceed 0.25 percent of the loan amount.  All fees and charges
      (including finance charges), whether or not financed, assessed, collected or
      to
      be collected in connection with the origination and servicing of each Mortgage
      Loan were disclosed in writing to the related  Mortgagor  in
      accordance with applicable state and federal laws and regulations;

     

    (lxviii)  Full
      File Credit Reporting (Fannie Mae). The Seller will transmit full-file
      credit reporting data for each Mortgage Loan pursuant to Fannie Mae Guide
      Announcement 95-19 and for each Mortgage Loan, Seller agrees it shall report
      one
      of the following statuses each month as follows: new origination, current,
      delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off;

     

    (lxix)  No
      Credit Life Policies. No Mortgagor was required to purchase any single
      premium credit insurance policy (e.g. life, mortgage, disability, accident,
      unemployment, or health insurance product) or debt cancellation agreement as
      a
      condition of obtaining the extension of credit.  No Mortgagor obtained
      a prepaid single premium credit insurance policy (e.g. life, mortgage,
      disability, accident, unemployment, or health insurance product) in connection
      with the origination of the Mortgage Loan, and no proceeds from any Mortgage
      Loan were used to purchase single-premium credit insurance policies or debt
      cancellation agreements as part of the origination of, or as a condition to
      closing, such Mortgage Loan;

     

    (lxx)  Full
      File Credit Reporting (Past Practice; Future Practice). The Seller and any
      predecessor servicer has fully furnished, in accordance with the Fair Credit
      Reporting Act and its implementing regulations, accurate and complete
      information (e.g., favorable and unfavorable) on its borrower credit files
      to
      Equifax, Experian and Trans Union Credit Information Company (three of the
      credit repositories) on a monthly basis; and the Seller will fully furnish,
      in
      accordance with the Fair Credit Reporting Act and its implementing regulations,
      accurate and complete information (e.g., favorable and unfavorable) on its
      borrower credit files to Equifax, Experian and Trans Credit Information Company
      (three of the credit repositories), on a monthly basis; and

     

    (lxxi)  No
      Arbitration. With respect to each Mortgage Loan, neither the related
      Mortgage nor the related Mortgage Note requires the Mortgagor to submit to
      arbitration to resolve any dispute arising out of or relating in any way to
      the
      Mortgage Loan;  No Mortgagor agreed to submit to arbitration to
      resolve any dispute arising out of or relating in any way to the Mortgage
      Loan.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    EXHIBIT
      L

    

    Representation
      and Warranties with Respect to the Wachovia Mortgage Loans

    

    Except
      for “Mortgage Loans”, which shall mean the Wachovia Mortgage Loans sold by the
      Seller to the Purchaser, all capitalized terms in this Exhibit L shall have
      the
      meanings ascribed to them in the Wachovia Purchase Agreement.

    

    The
      Seller hereby represents and warrants to the Purchaser, as to each Mortgage
      Loan, as of the related Closing Date as follows:

     

    (a)  The
      information set forth in the Mortgage Loan Schedule, including any diskette
      or
      other related data tapes and the Mortgage Loan data delivered to the Purchaser,
      is complete, true and correct with respect to the related Cut-off
      Date.  The Mortgage Loan
      is in compliance with all requirements set forth in the related Purchase Price
      and Terms Letter, and the characteristics of the related Mortgage Loan Package
      as set forth in the related Purchase Price and Terms Letter are true and
      correct;

     

    (b)  With
      respect to a First Lien Loan, the Mortgage creates a first lien or a first
      priority ownership interest in an estate in fee simple in real property securing
      the related Mortgage Note;

     

    (c)  With
      respect to a Second Lien Loan, the Mortgage creates a second lien or a second
      priority ownership interest in an estate in fee simple in real property securing
      the related Mortgage Note;

     

    (d)  All
      payments due on or prior to the related Closing Date for such Mortgage Loan
      have
      been made as of the related Closing Date, the Mortgage Loan is not delinquent
      thirty (30) days or more in payment and has not been dishonored; there are
      no
      material defaults under the terms of the Mortgage Loan; the Seller has not
      advanced funds, or induced, solicited or knowingly received any advance of
      funds
      from a party other than the owner of the Mortgaged Property subject to the
      Mortgage, directly or indirectly, for the payment of any amount required by
      the
      Mortgage Loan; as to each Mortgage Loan, there has been no thirty (30) day
      delinquency during the immediately preceding twelve-month period;

     

    (e)  All
      taxes, governmental assessments, insurance premiums, water, sewer and municipal
      charges, assessments, leasehold payments or ground rents which previously became
      due and owing have been paid (including assessments payable in future
      installments or other outstanding charges affecting the related Mortgaged
      Property) or escrow funds have been established in an amount sufficient to
      pay
      for every such escrowed item which remains unpaid and which has been assessed
      but is not yet due and payable;

     

    (f)  The
      terms
      of the Mortgage Note and the Mortgage have not been impaired, waived, altered
      or
      modified in any respect, except by written instruments which have been recorded
      in the applicable recording office or registered with the MERS System if
      necessary to the extent any such recordation is required by law, or, necessary
      to protect the interest of the Purchaser, and which have been delivered to
      the
      Purchaser or its designee; the
      substance of any such waiver, alteration or modification has been approved
      by
      the insurer under the Primary Insurance Policy or LPMI Policy, if any, and
      the
      title insurer, to the extent required by the related policy, and is reflected
      on
      the related Mortgage Loan Schedule.  No instrument of waiver,
      alteration or modification has been executed in connection with such Mortgage
      Loan, and no Mortgagor has been released, in whole or in part, from the terms
      thereof except in connection with an assumption agreement and which assumption
      agreement is part of the Mortgage File and has been delivered to the Purchaser
      or its designee and the terms of which are reflected in the Mortgage Loan
      Schedule; the substance of any such waiver, alteration or modification has
      been
      approved by the issuer of any related Primary Mortgage Insurance Policy, LPMI
      Policy and title insurance policy, to the extent required by the related
      policies;

     

    (g)  The
      Mortgage Note and the Mortgage are not subject to any right of rescission,
      set-off, counterclaim or defense, including, without limitation, the defense
      of
      usury, nor will the operation of any of the terms of the Mortgage Note or the
      Mortgage, or the exercise of any right thereunder, render the Mortgage Note
      or
      Mortgage unenforceable, in whole or in part, or subject to any right of
      rescission, set-off, counterclaim or defense, including the defense of usury,
      and no such right of rescission, set-off, counterclaim or defense has been
      asserted with respect thereto;

     

    (h)  All
      buildings or other customarily insured improvements upon the Mortgaged Property
      are insured by a Qualified Insurer acceptable under the Fannie Mae Guide and
      Freddie Mac Guide, against loss by fire, hazards of extended coverage and such
      other hazards as are provided for in the Fannie Mae Guides or by Freddie Mac
      and
      as are customary where the Mortgaged Property is located, as well as all
      additional requirements set forth in Section 4.10 of this Agreement. All such
      standard hazard policies are in full force and effect and on the date of
      origination contained a standard mortgagee clause naming the Seller and its
      successors in interest and assigns as loss payee and such clause is still in
      effect and all premiums due thereon have been paid.  If the Mortgaged
      Property is in an area identified on a Flood Hazard Map or Flood Insurance
      Rate
      Map issued by the Federal Emergency Management Agency as having special flood
      hazards (and such flood insurance has been made available the Mortgage Loan
      is
      covered by a flood insurance policy meeting the requirements of the current
      guidelines of the Federal Insurance Administration which policy conforms to
      Fannie Mae and Freddie Mac requirements, as well as all additional requirements
      set forth in Section 4.10 of this Agreement.  Such policy was issued
      by an insurer acceptable under Fannie Mae or Freddie Mac
      guidelines.  The Mortgage obligates the Mortgagor thereunder to
      maintain all such insurance at the Mortgagor’s cost and expense, and upon the
      Mortgagor’s failure to do so, authorizes the holder of the Mortgage to maintain
      such insurance at the Mortgagor’s cost and expense and to seek reimbursement
      therefor from the Mortgagor;

     

    (i)  Any
and
      all requirements of any
      federal, state or local law including, without limitation, usury,
      truth-in-lending, real estate settlement procedures, consumer credit protection,
      equal credit opportunity, fair housing or disclosure laws and all predatory,
      abusive and fair lending laws applicable to the origination and servicing of
      mortgage loans of a type similar to the Mortgage Loan, have been complied with
      and the consummation of the transactions contemplated hereby will not involve
      the violation of any such laws,  and the Seller maintain in its
      possession, available for the inspection of the Purchaser or its designee,
      and
      shall deliver to the Purchaser, upon request, evidence of compliance with all
      such requirements;

     

    (j)  The
      Mortgage has not been satisfied, canceled or subordinated, in whole or in part,
      or rescinded, and the 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, subordination, release or
      rescission. The Seller has not waived the performance by the Mortgagor of any
      action, if the Mortgagor’s failure to perform such action would cause the
      Mortgage Loan to be in default, nor has the Seller waived any default resulting
      from any action or inaction by the Mortgagor;

     

    (k)  With
      respect to any First Lien Loan (as reflected on the Mortgage Loan Schedule),
      the
      related Mortgage is properly recorded and is a valid, subsisting, enforceable
      and perfected first lien on the Mortgaged Property and, with respect to any
      Second Lien Loan (as reflected on the Mortgage Loan Schedule), the related
      Mortgage is properly recorded and is a valid, subsisting, enforceable and
      perfected second lien on the Mortgaged Property, including all buildings on
      the
      Mortgaged Property and all installations and mechanical, electrical, plumbing,
      heating and air conditioning systems affixed to such buildings, and all
      additions, alterations and replacements made at any time with respect to the
      foregoing securing the Mortgage Note’s original principal
      balance.  The Mortgage and the Mortgage Note do not contain any
      evidence of any security interest or other interest or right
      thereto.  Such lien is free and clear of all adverse claims, liens and
      encumbrances having priority over the first or second lien, as applicable,
      of
      the Mortgage subject only to (1) with respect to any Second Lien Loan (as
      reflected on the Mortgage Loan Schedule), the related First Lien Loan, (2)
      the
      lien of non-delinquent current real property taxes and assessments not yet
      due
      and payable, (3) covenants, conditions and restrictions, rights of way,
      easements and other matters of the public record as of the date of recording
      which are acceptable to mortgage lending institutions generally and (A) which
      are referred to or otherwise considered in the appraisal made for the originator
      of the Mortgage Loan, and (B) which do not adversely affect the appraised value
      of the Mortgaged Property as set forth in such appraisal, and (4) other matters
      to which like properties are commonly subject which do not materially interfere
      with the benefits of the security intended to be provided by the Mortgage or
      the
      use, enjoyment, value or marketability of the related Mortgaged
      Property.  Any security agreement, chattel mortgage or equivalent
      document related to and delivered in connection with the Mortgage Loan
      establishes and creates (1) with respect to any First Lien Loan (as reflected
      on
      the Mortgage Loan Schedule), a valid, subsisting, enforceable and perfected
      first lien and first priority security interest and (2) with respect to any
      Second Lien Loan (as reflected on the Mortgage Loan Schedule), a valid,
      subsisting, enforceable and perfected second lien and second priority security
      interest, in each case, on the property described therein, and the Seller has
      the full right to sell and assign the same to the Purchaser;

     

    (l)  The
      Mortgage Note and the related Mortgage are original and genuine and each is
      the
      legal, valid and binding obligation of the maker thereof, enforceable in all
      respects in accordance with its terms, except as such enforcement may be limited
      by bankruptcy, insolvency, moratorium, reorganization and other laws of general
      application affecting the rights of creditors generally and the equitable remedy
      of specific performance and by general equitable principles.  All
      parties to the Mortgage Note and the related Mortgage had the legal capacity
      to
      enter into the Mortgage Loan and to execute and deliver the Mortgage Note and
      the related Mortgage.  The Mortgage Note and the related Mortgage have
      been duly and properly executed by such parties.  The Mortgagor is a
      natural person.  No fraud, error, omission, misrepresentation,
      negligence or similar occurrence with respect to a Mortgage Loan has taken
      place
      on the part of any person, including without limitation, the Seller, the
      Mortgagor, any appraiser or to Seller’s knowledge, any builder or developer or
      any other party involved in the origination of the Mortgage Loan or in the
      application of any insurance in relation to such Mortgage Loan.  The
      proceeds of the Mortgage Loan have been fully disbursed and there is no
      requirement for future advances thereunder, and any and all requirements as
      to
      completion of any on-site or off-site improvements and as to disbursements
      of
      any escrow funds therefor have been complied with.  All costs, fees
      and expenses incurred in making or closing the Mortgage Loan and the recording
      of the Mortgage were paid, and the Mortgagor is not entitled to any refund
      of
      any amounts paid or due under the Mortgage Note or related
      Mortgage;

     

    (m)  The
      Seller or its Affiliate is the sole owner of record (except with respect to
      MERS
      Mortgage Loans) and holder of the Mortgage Loan and the indebtedness evidenced
      by the Mortgage Note, and upon recordation the Purchaser or its designee will
      be
      the owner of record of the Mortgage and the indebtedness evidenced by the
      Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the
      Seller will retain the Servicing File in trust for the Purchaser only for the
      purpose of servicing and supervising the servicing of the Mortgage
      Loan.  Immediately prior to the transfer and assignment to the
      Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage
      Note and the Mortgage, were not subject to an assignment or pledge, and the
      Seller had good and marketable title to and was the sole legal, beneficial
      and
      equitable owner thereof and had full right and authority under all governmental
      and regulatory bodies having jurisdiction over such Seller, to transfer and
      sell
      the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity,
      lien, pledge, charge, claim or security interest and has the full right and
      authority subject to no interest or participation of, or agreement with, any
      other party, to sell and assign the Mortgage Loan pursuant to this Agreement
      and
      following the sale of the Mortgage Loan, the Purchaser will own such Mortgage
      Loan free and clear of any encumbrance, equity, participation interest, lien,
      pledge, charge, claim or security interest.  The Seller intends to
      relinquish all rights to possess, control and monitor the Mortgage Loan, except
      for the purposes of servicing the Mortgage Loan as set forth in this
      Agreement.  After the related Closing Date, the Seller will have no
      right to modify or alter the terms of the sale of the Mortgage Loan and the
      Seller will have no obligation or right to repurchase the Mortgage Loan or
      substitute another Mortgage Loan, except as provided in this Agreement or the
      Purchase Price and Terms Letter;

     

    (n)  Each
      Mortgage Loan is covered by an ALTA lender’s title insurance policy or other
      generally acceptable form of policy or insurance acceptable to Fannie Mae or
      Freddie Mac (which, in the case of Adjustable Rate Mortgage Loan has an
      adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1), issued
      by
      a title insurer acceptable to Fannie Mae and Freddie Mac and qualified to do
      business in the jurisdiction where the Mortgaged Property is located, insuring
      (subject to the exceptions contained above in (k)(2) and (3) and, with respect
      to each Mortgage Loan which is indicated by the Seller to be a Second Lien
      Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (1)) the
      Seller, its successors and assigns, as to the first or second priority lien,
      as
      applicable, of the Mortgage in the original principal amount of the Mortgage
      Loan and, with respect to any Adjustable Rate Mortgage Loan, against any loss
      by
      reason of the invalidity or unenforceability of the lien resulting from the
      provisions of the Mortgage providing for adjustment in the Mortgage Interest
      Rate and Monthly Payment.  Where required by applicable state law or
      regulation, the Mortgagor has been given the opportunity to choose the carrier
      of the required mortgage title insurance.  The Seller, its successors
      and assigns, are the sole insureds of such lender’s title insurance policy, such
      title insurance policy has been duly and validly endorsed to the Purchaser
      or
      the assignment to the Purchaser of the Seller’s interest therein does not
      require the consent of or notification to the insurer and affirmatively insures
      ingress and egress to and from the Mortgaged Property, and against encroachments
      by or upon the Mortgaged Property or any interest therein.  The Seller
      is the sole insured of such lender’s title insurance policy is in full force and
      effect and will be in full force and effect upon the consummation of the
      transactions contemplated by this Agreement and the related Purchase Price
      and
      Terms Letter.  No claims have been made under such lender’s title
      insurance policy, and no prior holder of the related Mortgage, including the
      Seller, has done, by act or omission, anything which would impair the coverage
      of such lender’s title insurance policy;

     

    (o)  There
      is
      no default, breach, violation or event of acceleration existing under the
      Mortgage or the related Mortgage Note and no event which, with the passage
      of
      time or with notice and the expiration of any grace or cure period, would
      constitute a default, breach, violation or event permitting acceleration; and
      neither the Seller nor, to the Seller’s knowledge, any prior mortgagee has
      waived any default, breach, violation or event permitting
      acceleration.  With respect to each Second Lien Loan (as reflected on
      the Mortgage Loan Schedule), (i) the First Lien Loan is in full force and
      effect, (ii) there is no default, breach, violation or event of acceleration
      existing under such First Lien Loan or the related mortgage note, (iii) no
      event
      which, with the passage of time or with notice and the expiration of any grace
      or cure period, would constitute a default, breach, violation or event of
      acceleration thereunder, and either (A) the First Lien Loan contains a provision
      which allows or (B) applicable law requires, the mortgagee under the Second
      Lien
      Loan to receive notice of, and affords such mortgagee an opportunity to cure
      any
      default by payment in full or otherwise under the First Lien Loan;

     

    (p)  There
      are
      no mechanics’ or similar liens or claims which have been filed for work, labor
      or material (and no rights are outstanding that under law could give rise to
      such liens) affecting the related Mortgaged Property which are or may be liens
      prior to or equal to the lien of the related Mortgage;

     

    (q)  All
      improvements subject to the Mortgage which were considered in determining the
      Appraised Value of the Mortgaged Property lie wholly within the boundaries
      and
      building restriction lines of the Mortgaged Property (and wholly within the
      project with respect to a condominium unit) and no improvements on adjoining
      properties encroach upon the Mortgaged Property except those which are insured
      against by the title insurance policy referred to in clause (n) above and all
      improvements on the property comply with all applicable zoning and subdivision
      laws and ordinances;

     

    (r)  The
      Mortgage Loan was originated by or for the Seller or by a savings and loan
      association, a savings bank, a commercial bank or similar banking institution
      which is supervised and examined by a federal or state authority, or by a
      mortgagee approved as such by the Secretary of HUD.  The Mortgage Loan
      complies with the terms, conditions and requirements of the Underwriting
      Standards in all material respects.  The Mortgage Notes and
      Mortgages  are on forms generally acceptable to Fannie Mae or Freddie
      Mac.  The Mortgage Loan bears interest at the Mortgage Interest Rate
      set forth in the related Mortgage Loan Schedule, and Monthly Payments under
      the
      Mortgage Note are due and payable on the first day of each month, which, (A)
      in
      the case of a Fixed Rate Mortgage Loans, are sufficient to fully amortize the
      original principal balance over the original term thereof (other than with
      respect to a Mortgage Loan identified on the related Mortgage Loan Schedule
      as
      an interest-only Mortgage Loan during the interest-only period or a Mortgage
      Loan which is identified on the related Mortgage Loan Schedule as a Balloon
      Mortgage Loan) and to pay interest at the related Mortgage Interest Rate, and
      (B) in the case of an Adjustable Rate Mortgage Loan, are changed on each
      Adjustment Date, and in any case, are sufficient to fully amortize the original
      principal balance over the original term thereof (other than with respect to
      a
      Mortgage Loan identified on the related Mortgage Loan Schedule as an
      interest-only Mortgage Loan during the interest-only period or a Mortgage Loan
      which is identified on the related Mortgage Loan Schedule as a Balloon Mortgage
      Loan) and to pay interest at the related Mortgage Interest Rate.  The
      Index for each Adjustable Rate Mortgage Loan is as defined in the related
      Mortgage Loan Schedule.  With respect to each Mortgage Loan identified
      on the Mortgage Loan Schedule as an interest-only Mortgage Loan, the
      interest-only period shall not exceed the period specified on the Mortgage
      Loan
      Schedule and following the expiration of such interest-only period, the
      remaining Monthly Payments shall be sufficient to fully amortize the original
      principal balance over the remaining term of the Mortgage Loan.  With
      respect to each Balloon Mortgage Loan, the Mortgage Note requires a monthly
      payment which is sufficient to fully amortize the original principal balance
      over the original term thereof and to pay interest at the related Mortgage
      Interest Rate and requires a final Monthly Payment substantially greater than
      the preceding monthly payment which is sufficient to repay the remaining unpaid
      principal balance of the Balloon Mortgage Loan as of the Due Date of such
      Monthly Payment. The Mortgage contains the usual and enforceable provisions
      for
      the acceleration of the payment of the unpaid principal amount of the Mortgage
      Loan if the related Mortgaged Property is sold without the prior consent of
      the
      mortgagee thereunder;

     

    (s)  The
      Mortgaged Property is free of damage and waste.  The Mortgaged
      Property is undamaged by waste, fire, earthquake or earth movement, windstorm,
      flood, tornado or other casualty so as to affect adversely the value of the
      Mortgaged Property as security for the Mortgage Loan or the use for which the
      premises were intended and each Mortgaged Property is in good
      repair.  At origination of the Mortgage Loan there was, and to the
      Seller’s knowledge, there currently is, no proceeding pending for the total or
      partial condemnation of the Mortgaged Property;

     

    (t)  The
      related Mortgage and the related Mortgage Note contain customary and enforceable
      provisions such as to render the rights and remedies of the holder thereof
      adequate for the realization against the Mortgaged Property of the benefits
      of
      the security provided thereby, including, (a) in the case of a Mortgage
      designated as a deed of trust, by trustee’s sale, and (b) otherwise by judicial
      foreclosure.  The Mortgaged Property has not been subject to any
      bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed
      for protection under applicable bankruptcy laws.  There is no
      homestead or other exemption available to the Mortgagor which would interfere
      with the right to sell the Mortgaged Property at a trustee’s sale or the right
      to foreclose the Mortgage;

     

    (u)  If
      the
      Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified
      under applicable law to act as such, has been properly designated and currently
      so serves and is named in the Mortgage, and no fees or expenses, except as
      may
      be required by local law, are or will become payable by the Purchaser to the
      trustee under the deed of trust, except in connection with a trustee’s sale or
      attempted sale after default by the Mortgagor;

     

    (v)  Unless
      otherwise set forth on the Mortgage Loan Schedule, the Mortgage File contains
      an
      appraisal of the related Mortgaged Property, in a form acceptable to Fannie
      Mae
      or Freddie Mac, and such appraisal was signed prior to the final approval of
      the
      mortgage loan application by a Qualified Appraiser; 

     

    (w)  All
      parties which have had any interest in the Mortgage, whether as originator,
      mortgagee, assignee, pledgee or otherwise, are (or, during the period in which
      they held and disposed of such interest, were) (A) in compliance with any and
      all applicable licensing requirements of the laws of the state wherein the
      Mortgaged Property is located, and (B) (1) organized under the laws of such
      state, or (2) qualified to do business in such state, or (3) federal savings
      and
      loan associations or national banks or savings bank having principal offices
      in
      such state, or (4) not doing business in such state; or (5) not otherwise
      required to be licensed in such state.  All parties which have had any
      interest in the Mortgage Loan were in compliance with any and all applicable
      “doing business” and licensing requirements of the laws of the state wherein the
      Mortgaged Property is located or were not required to be licensed in such
      state;

     

    (x)  The
      related Mortgage Note is not and has not been secured by any collateral except
      the lien of the corresponding Mortgage and the security interest of any
      applicable security agreement or chattel mortgage referred to in clause (k)
      above and such collateral does not serve as security for any other
      obligation;

     

    (y)  The
      Mortgage Loan does not contain “graduated payment” features and the Mortgage
      Loan does not have a shared appreciation or other contingent interest feature;
      to the extent any Mortgage Loan is a Buydown Mortgage Loan:

     

    (i)  On
      or
      before the date of origination of such Mortgage Loan, the Seller and the
      Mortgagor, or the Seller, the Mortgagor and the seller of the Mortgaged Property
      or a third party entered into a Buydown Agreement.  The Buydown
      Agreement provides that the seller of the Mortgaged Property (or third party)
      shall deliver to the Seller temporary Buydown Funds in an amount equal to the
      aggregate undiscounted amount of payments that, when added to the amount the
      Mortgagor on such Mortgage Loan is obligated to pay on each Due Date in
      accordance with the terms of the Buydown Agreement, is equal to the full
      scheduled Monthly Payment due on such Mortgage Loan.  The temporary
      Buydown Funds enable the Mortgagor to qualify for the Buydown Mortgage
      Loan.  The effective interest rate of a Buydown Mortgage Loan if less
      than the interest rate set forth in the related Mortgage Note will increase
      within the Buydown Period as provided in the related Buydown Agreement so that
      the effective interest rate will be equal to the interest rate as set forth
      in
      the related Mortgage Note.  All Buydown Funds required to make the
      full payment of principal and interest under each Buydown Loan are in the
      Buydown Account held by the Seller in its capacity as servicer.  The
      Buydown Mortgage Loan satisfies the requirements of the Fannie Mae or Freddie
      Mac guidelines;

     

    (ii)  The
      Mortgage and Mortgage Note reflect the permanent payment terms rather than
      the
      payment terms of the Buydown Agreement.  The Buydown Agreement
      provides for the payment by the Mortgagor of the full amount of the Monthly
      Payment on any Due Date that the Buydown Funds are not available.  The
      Buydown Funds were not used to reduce the original principal balance of the
      Mortgage Loan or to increase the Appraised Value of the Mortgage Property when
      calculating the Loan-to-Value Ratios for purposes of the Agreement and, if
      the
      Buydown Funds were provided by the Seller an if required under the Fannie Mae
      or
      Freddie Mac guidelines, the terms of the Buydown Agreement were disclosed to
      the
      appraiser of the Mortgaged Property;

     

    (iii)  The
      Buydown Funds may not be refunded to the Mortgagor unless the Mortgagor makes
      a
      principal payment for the outstanding balance of the Mortgage Loan;

     

    (iv)  As
      of the
      date of origination of the Mortgage Loan, the provisions of the related Buydown
      Agreement complied with the Fannie Mae or Freddie Mac guidelines;
      and

     

    (v)  As
      of the
      Cut-off Date, the Buydown Funds are 5% or less of the aggregate Stated Principal
      Balance of the Mortgage Loans.

     

    (z)  The
      Mortgagor was not in bankruptcy or insolvent as of the date of origination
      of
      the Mortgage Loan and, to the Seller’s knowledge, is not in bankruptcy or
      insolvent as of the related Closing Date;

     

    (aa)  Each
      Fixed Rate Mortgage Loan has an original term to maturity of not more than
      forty
      (30) years, with interest calculated and payable in arrears on the first day
      of
      each month in equal monthly installments of principal and
      interest.  Except with respect to Interest Only Mortgage Loans, each
      Mortgage Note requires a monthly payment which is sufficient to fully amortize
      the original principal balance of the Mortgage Loan fully by the stated maturity
      date, over an original term of not more than forty (30) years and to pay
      interest at the related Mortgage Interest Rate; provided, however, in the case
      of a balloon Mortgage Loan, the Mortgage Loan matures at least seven (7) years
      after the first payment date thereby requiring a final payment of the
      outstanding principal balance prior to the full amortization of the Mortgage
      Loan.  No Mortgage Loan contains terms or provisions which would
      result in negative amortization;

     

    (bb)  If
      a
      Mortgage Loan has an LTV greater than 80%, the portion of the principal balance
      of such Mortgage Loan in excess of the portion of the Appraisal Value of the
      Mortgaged Property required by Fannie Mae, is and will be insured as to payment
      defaults by a Primary Mortgage Insurance Policy issued by a Qualified
      Insurer.  All provisions of such Primary Mortgage Insurance Policy
      have been and are being complied with, such policy is in full force and effect,
      and all premiums due thereunder have been paid.  No action, inaction,
      or event has occurred and no state of facts exists that has, or will result
      in
      the exclusion from, denial of, or defense to coverage.  Any Mortgage
      Loan subject to a Primary Mortgage Insurance Policy obligates the Mortgagor
      thereunder to maintain the Primary Mortgage Insurance Policy and to pay all
      premiums and charges in connection therewith. The Mortgage Interest Rate for
      the
      Mortgage Loan as set forth on the related Mortgage Loan Schedule is net of
      any
      such insurance premium. If a
      Mortgage Loan is identified on the Mortgage Loan Schedule as subject to a Lender
      Paid Mortgage Insurance Policy, such policy insures that portion of the Mortgage
      Loan set forth in the LPMI Policy.  All provisions of any such LPMI
      Policy have been and are being complied with, such policy is in full force
      and
      effect, and all premiums due thereunder have been paid.  The Mortgage
      Interest Rate for the Mortgage Loan does not include the insurance premium
      for
      any LPMI Policy;

     

    (cc)  The
      Assignment of Mortgage is in recordable form and is acceptable for recording
      under the laws of the jurisdiction in which the Mortgaged Property is
      located;

     

    (dd)  As
      to
      Mortgage Loans that are not secured by an interest in a leasehold estate, the
      Mortgaged Property is located in the state identified in the related Mortgage
      Loan Schedule and is improved by a Residential Dwelling.  As of the
      date of origination, no portion of the Mortgaged Property was used for
      commercial purposes, and, since the date of origination no portion of the
      Mortgaged Property has been used for commercial purposes, except as permitted
      under the Underwriting Standards;

     

    (ee)  Payments
      on the Mortgage Loan commenced no more than sixty (60) days after the funds
      were
      disbursed in connection with such Mortgage Loan;

     

    (ff)  Each
      Mortgage Loan that is subject to a Prepayment Penalty as provided in the related
      Mortgage Note is identified on the related Mortgage Loan
      Schedule.  With respect to Mortgage Loans originated prior to October
      1, 2002, no such Prepayment Penalty may be imposed for a term in excess of
      five
      (5) years following origination;

     

    (gg)  As
      of the
      date of origination of the Mortgage Loan, the Mortgaged Property was lawfully
      occupied under applicable law, and to the Seller’s knowledge, as of the related
      Closing Date the Mortgaged Property is lawfully occupied under applicable law,
      and all inspections, licenses and certificates required to be made or issued
      with respect to all occupied portions of the Mortgaged Property and, with
      respect to the use and occupancy of the same, including but not limited to
      certificates of occupancy and fire underwriting certificates, have been made
      or
      obtained from the appropriate authorities;

     

    (hh)  Except
      as
      set forth in the Mortgage Loan Schedule, if the Mortgaged Property is a
      condominium unit or a planned unit development (other than a de minimis planned
      unit development) such condominium or planned unit development project meets
      the
      Seller’s eligibility requirements as set forth in Underwriting
      Standards;

     

    (ii)  There
      is
      no pending action or proceeding directly involving the Mortgaged Property in
      which compliance with any environmental law, rule or regulation is an issue
      and
      neither the Seller nor, to the Seller’s knowledge, the related Mortgagor has
      received notice of any violation or potential violation of any environmental
      law, rule or regulation with respect to the Mortgaged Property.  The
      Mortgaged Property is in material compliance with all applicable environmental
      laws pertaining to environmental hazards including, without limitation,
      asbestos, and neither the Seller nor, to the Seller’s knowledge, the related
      Mortgagor, has received any notice of any violation or potential violation
      of
      such law;

     

    (jj)  The
      related Mortgagor has not notified the Seller, and the Seller has no knowledge
      of any relief requested or allowed to the Mortgagor under the Servicemembers
      Civil Relief Act;

     

    (kk)  No
      action
      has been taken or failed to be taken by the Seller on or prior to the related
      Closing Date which has resulted or will result in an exclusion from, denial
      of,
      or defense to coverage under any Primary Mortgage Insurance Policy (including,
      without limitation, any exclusions, denials or defenses which would limit or
      reduce the availability of the timely payment of the full amount of the loss
      otherwise due thereunder to the insured) whether arising out of actions,
      representations, errors, omissions, negligence, or fraud of the Seller, or
      for
      any other reason under such coverage;

     

    (ll)  Each
      Mortgage Loan has been serviced in all material respects in compliance with
      Accepted Servicing Practices;

     

    (mm)  With
      respect to each Co-op Loan, the related Mortgage is a valid, enforceable and
      subsisting first security interest on the related cooperative shares securing
      the related cooperative note, subject only to (a) liens of the cooperative
      for
      unpaid assessments representing the Mortgagor’s pro rata share of the
      cooperative’s payments for its blanket mortgage, current and future real
      property taxes, insurance premiums, maintenance fees and other assessments
      to
      which like collateral is commonly subject and (b) other matters to which like
      collateral is commonly subject which do not materially interfere with the
      benefits of the security intended to be provided by the Security
      Agreement.  There are no liens against or security interest in the
      cooperative shares relating to each Co-op Loan (except for unpaid maintenance,
      assessments and other amounts owed to the related cooperative which individually
      or in the aggregate will not have a material adverse effect on such Co-op Loan),
      which have priority over the Seller’s security interest in such cooperative
      shares;

     

    (nn)  With
      respect to each Co-op Loan, a search for filings of financing statements has
      been made by a company competent to make the same, which company is acceptable
      to Fannie Mae and qualified to do business in the jurisdiction where the
      cooperative unit is located, and such search has not found anything which would
      materially and adversely affect the Co-op Loan;

     

    (oo)  With
      respect to each Co-op Loan, the related cooperative corporation that owns title
      to the related cooperative apartment building is a “cooperative housing
      corporation” within the meaning of Section 216 of the Code, is held by a person
      as a tenant-stockholder (as defined in Section 216 of the Code) and is in
      material compliance with applicable federal, state and local laws which, if
      not
      complied with, could have a material adverse effect on the Mortgaged
      Property;

     

    (pp)  With
      respect to each Co-op Loan, there is no prohibition against pledging the shares
      of the cooperative corporation or assigning the Co-op Lease;

     

    (qq)  With
      respect to each Cooperative Loan, all parties to the Mortgage Note and the
      Mortgage Loan had legal capacity to execute and deliver the Mortgage Note,
      the
      Pledge Agreement, the Proprietary Lease, the Stock Power, the Recognition
      Agreement, the Financing Statement and the Assignment of the Proprietary Lease
      and such documents have been duly and properly executed by such
      parties.  Each Stock Power (i) has all signatures guaranteed or (ii)
      if all signatures are not guaranteed, then such Cooperative Shares will be
      transferred by the stock transfer agent of the Cooperative if the Seller
      undertakes to convert the ownership of the collateral securing the related
      Cooperative Loan;

     

    (rr)  With
      respect to each Cooperative Loan, there is no default in complying with the
      terms of the Mortgage Note, the Pledge Agreement and the Proprietary Lease
      and
      all maintenance charges and assessments (including assessments payable in the
      future installments, which previously became due and owing) have been
      paid.  The Seller has the right under the terms of the Mortgage Note,
      Pledge Agreement and Recognition Agreement to pay any maintenance charges or
      assessments owed by the Mortgagor;

     

    (ss)  With
      respect to each Cooperative Loan, each Pledge Agreement contains enforceable
      provisions such as to render the rights and remedies of the holder thereof
      adequate for the realization of the benefits of the security provided
      thereby.  The Pledge Agreement contains an enforceable provision for
      the acceleration of the payment of the unpaid principal balance of the Mortgage
      Note in the event the Cooperative Apartment is transferred or sold without
      the
      consent of the holder thereof;

     

    (tt)  In
      the
      case of a Cooperative Loan, the related Cooperative Apartment, is lawfully
      occupied under applicable law; all inspections, licenses and certificates
      required to be made or issued with respect to all occupied portions of the
      Cooperative Apartment and the related Project and, with respect to the use
      and
      occupancy of the same, including but not limited to certificates of occupancy,
      have been made or obtained from the appropriate authorities;

     

    (uu)  With
      respect to each Cooperative Loan, (i) the terms of the related Proprietary
      Lease
      is longer than the terms of the Cooperative Loan and (ii) there is no provision
      in any Proprietary Lease which requires the Borrower to offer for sale the
      Cooperative Shares owned by such Borrower first to the Cooperative;

     

    (vv)  The
      Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing
      and Urban Development pursuant to sections 203 and 211 of the National Housing
      Act, a savings and loan association, a savings bank, a commercial bank, credit
      union, insurance company or similar institution which is supervised and examined
      by a federal or state authority;

     

    (ww)  No
      Mortgage Loan is secured in whole or in part by the interest of the Mortgagor
      as
      a lessee under a ground lease of the related Mortgaged Property;

     

    (xx)  With
      respect to any broker fees collected and paid on any of the Mortgage Loans,
      all
      broker fees have been properly assessed to the borrower and no claims will
      arise
      as to broker fees that are double charged and for which the borrower would
      be
      entitled to reimbursement;

     

    (yy)  Each
      Mortgage Loan constitutes a “qualified mortgage” under
      Section 860G(a)(3)(A) of the Code and Treasury Regulations Section
      1.860G-2(a)(1);

     

    (zz)  Except
      as
      provided in Section 2.07, the Mortgage Note, the Mortgage, the Assignment of
      Mortgage and the other documents set forth in Exhibit A-1 and required to
      be delivered on the related Closing Date have been delivered to the Purchaser
      or
      its designee;

     

    (aaa)  To
      the
      Seller’s knowledge, all information supplied by, on behalf of, or concerning the
      Mortgagor is true, accurate and complete and does not contain any statement
      that
      is or will be inaccurate or misleading in any material respect;

     

    (bbb)  The
      Mortgagor has executed a statement to the effect that the Mortgagor has received
      all disclosure materials required by applicable law with respect to the making
      of fixed rate mortgage loans in the case of Fixed Rate Mortgage Loans and
      adjustable rate mortgage loans in the case of Adjustable Rate Mortgage Loans
      and
      rescission materials with respect to Refinanced Mortgage Loans.  The
      Seller shall maintain such statement in the Servicing File;

     

    (ccc)  No
      Mortgage Loan had a Loan-to-Value Ratio at the time of origination of more
      than
      100%.  No Second Lien Loan has an Equity LTV or CLTV in excess of
      100%;

     

    (ddd)  Either
      (a) no consent for the Second Lien Loan is required by the holder of the related
      First Lien Loan or (b) such consent has been obtained and is contained in the
      Mortgage File;

     

    (eee)  With
      respect to any Second Lien Loan, the Seller has not received notice
      of:  (1) any proceeding for the total or partial condemnation of any
      Mortgaged Property, (2) any subsequent, intervening mortgage, lien, attachment,
      lis pendens or other encumbrance affecting any Mortgaged Property or (3) any
      default under any mortgage, lien or other encumbrance senior to each
      Mortgage.  Such Second Lien Loan is on a Residential Dwelling that is
      (or will be) the principal residence of the Mortgagor upon origination of the
      Second Lien;

     

    (fff)  No
      Mortgage Loan is a “home equity line of credit”;

     

    (ggg)  As
      of the
      Closing Date, the Seller has not received a notice of default which has not
      been
      cured;

     

    (hhh)  No
      Mortgage Loan provides for negative amortization;

     

    (iii)  No
      Mortgage Loan is a High Cost Loan or Covered Loan, as applicable (as such terms
      are defined in the current Standard & Poor’s LEVELS® Glossary Revised,
      Appendix E).  No Mortgage Loan is covered by the Home Ownership and
      Equity Protection Act of 1994 as
      amended (“HOEPA”), or has an “annual percentage rate” or “ total points and
      fees” payable by the borrower (as each term is defined under HOEPA) that equals
      or exceeds the applicable thresholds defined under HOEPA (Section 32 of
      Regulation Z, 12 C.F.R. Section 226.32(a)(1)(i) and (ii)), (b) a “high cost”
mortgage loan, “covered” mortgage loan (excluding home loans defined as “covered
      home loans” in the New Jersey Home Ownership Security Act of 2002 that were
      originated between November 26, 2003 and July 7, 2004), “high risk home”
mortgage loan, or “predatory” mortgage loan or any other comparable term, no
      matter how defined under any federal, state or local law, provided that this
      determination shall be made with respect to the relevant state or local law,
      regardless of the effect of any available federal preemption, other than
      exemptions specifically provided for in the relevant state or local law or
      (c)
      subject to any comparable federal, state or local statutes or regulations,
      or
      any other statute or regulation providing for heightened regulatory
      scrutiny,  assignee liability to holders of such mortgage loans or
      additional legal liability for mortgage loans having high interest rates, points
      and/or fees.  No predatory, abusive or deceptive lending
      practices, including, but not limited to, the extension of credit to a Mortgagor
      without regard for the Mortgagor’s ability to repay the Mortgage Loan and the
      extension of credit to a Mortgagor which has no tangible net benefit to the
      Mortgagor, were employed in the origination of the Mortgage
      Loan.  Each Mortgage Loan is in compliance with the anti-predatory
      lending eligibility for purchase requirements of Fannie Mae’s Selling
      Guide;

     

    (jjj)  With
      respect to any Mortgage Loan which is originated in the state of Texas pursuant
      to Section 50(a)(6), Article XVI of the Texas Constitution  (“Texas
      Home Equity Loan”), any and all requirements of Section 50(a)(6), Article XVI of
      the Texas Constitution. Texas Civil Statutes and Texas Finance Code applicable
      to Texas Home Equity Loans which were in effect at the time of the origination
      of the Mortgage Loan have been complied with.  With respect to each
      Texas Refinance Loan that is a Cash Out Refinancing, the related Mortgage Loan
      Documents state that the Mortgagor may prepay such Texas Refinance Loan in
      whole
      or in part without incurring a Prepayment Penalty.  The Seller does
      not collect any such Prepayment Penalties in connection with any such Texas
      Refinance Loan;

     

    (kkk)  The
      origination and servicing practices with respect to each Mortgage Note and
      Mortgage have been legal, customary and in accordance with applicable laws
      and
      regulations, and in proper and prudent in the mortgage origination and servicing
      business.  The Mortgage
      Loan has been serviced by the Seller and any predecessor servicer in accordance
      with all applicable laws, rules and regulations, the terms of the Mortgage
      Note
      and Mortgage, and the Fannie Mae and Freddie Mac servicing guides. With
      respect to escrow deposits and payments that the Seller is entitled to collect,
      all such payments are in the possession of, or under the control of, the Seller,
      and there exist no deficiencies in connection therewith for which customary
      arrangements for repayment thereof have not been made.  All escrow
      payments have been collected and are being maintained in full compliance with
      applicable state and federal law and the provisions of the related Mortgage
      Note
      and Mortgage.  As to any Mortgage Loan that is the subject of an
      escrow, escrow of funds is not prohibited by applicable law and has been
      established in an amount sufficient to pay for every escrowed item that remains
      unpaid and has been assessed but is not yet due and payable.  No
      escrow deposits or other charges or payments due under the Mortgage Note have
      been capitalized under any Mortgage or the related Mortgage Note. All Mortgage
      Interest Rate adjustments have been made in strict compliance with state and
      federal law and the terms of the related Mortgage Note.  Any interest
      required to be paid pursuant to state and local law has been properly paid
      and
      credited;

     

    (lll)  No
      Mortgage Loan is a Convertible Mortgage Loan;

     

    (mmm)  With
      respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan Documents
      provide that after the related first Interest Rate Adjustment Date, a related
      Mortgage Loan may only be assumed if the party assuming such Mortgage Loan
      meets
      certain credit requirements stated in the Mortgage Loan Documents;

     

    (nnn)  Any
      future advances made to the Mortgagor prior to the applicable Cut-off Date
      have
      been consolidated with the outstanding principal amount secured by the Mortgage,
      and the secured principal amount, as consolidated, bears a single interest
      rate
      and single repayment term reflected on the Mortgage Loan
      Schedule.  The lien of the Mortgage securing the consolidated
      principal amount is expressly insured as having (A) first lien priority with
      respect to each Mortgage Loan which is indicated by the Seller to be a First
      Lien (as reflected on the Mortgage Loan Schedule, or (B) second lien priority
      with respect to each Mortgage Loan which is indicated by the Seller to be a
      Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in
      either case, by a title insurance policy, an endorsement to the policy insuring
      the Mortgagee’s consolidated interest or by other title evidence acceptable to
      Fannie Mae and Freddie Mac.  The consolidated principal amount does
      not exceed the original principal amount of the Mortgage Loan;

     

    (ooo)  No
      Mortgage Loan was made in connection with the construction or rehabilitation
      of
      a Mortgaged Property which has not converted to a closed-end, fully amortizing
      Mortgage Loan for which a certificate of occupancy has been issued;

     

    (ppp)  If
      applicable, with respect to each Mortgage, the Seller has within the last twelve
      (12) months (unless such Mortgage was originated within such twelve (12) month
      period) analyzed the required Escrow Payments for each Mortgage and adjusted
      the
      amount of such payments so that, assuming all required payments are timely
      made,
      any deficiency will be eliminated on or before the first anniversary of such
      analysis, or any overage will be refunded to the Mortgagor, in accordance with
      RESPA and any other applicable law;

     

    (qqq)  As
      to
      each consumer report (as defined in the Fair Credit Reporting Act, Public Law
      91-508) or other credit information furnished by the Seller to the Purchaser,
      that Seller has full right and authority and is not precluded by law or contract
      from furnishing such information to the Purchaser and the Purchaser is not
      precluded from furnishing the same to any subsequent or prospective purchaser
      of
      such Mortgage;

     

    (rrr)  At
      the
      Seller’s expense, each Mortgage Loan is covered by a paid in full, life of loan,
      Tax Service Contract issued by First American Real Estate Tax Service, and
      such
      contract is transferable to the Purchaser or its designee at not cost to the
      Purchaser or its designee; provided however, that if the Seller fails to
      purchase such Tax Service Contract, the Seller shall be required to reimburse
      the Purchaser for all costs and expenses incurred by the Purchaser in connection
      with the purchase of any such Tax Service Contract;

     

    (sss)  Each
      original Mortgage was recorded and all subsequent assignments of the original
      Mortgage (other than the assignment to the Purchaser) have been recorded in
      the
      appropriate jurisdictions wherein such recordation is necessary to perfect
      the
      lien thereof as against creditors of the Seller, or is in the process of being
      recorded, in the appropriate jurisdictions wherein such recordation is necessary
      to perfect the lien thereof as against creditors of the Seller. As to any
      Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage
      is
      in recordable form (except for the name of the assignee which is blank) and
      is
      acceptable for recording under the laws of the jurisdiction in which the
      Mortgaged Property is located;

     

    (ttt)  No
      Mortgagor with respect to any Mortgage Loan originated on or after August 1,
      2004 agreed to submit to arbitration to resolve any dispute arising out of
      or
      relating in any way to the mortgage loan transaction;

     

    (uuu)  The
      Seller’s parent has adopted an Anti-Money Laundering and Terrorist-Finance
      Policy (the “Policy”) that requires the Seller to comply with applicable
      anti-money laundering law and regulations, including without limitation on
      the
      USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”) and
      based upon the succeeding information the Seller is in material compliance
      with
      that Policy; the Seller has established an anti-money laundering compliance
      program as required by Policy, has procedure in place to conduct due diligence,
      based upon the Seller’s risk assessment of the applicable Mortgagor, in
      connection with the origination of each Mortgage Loan for purposes of the
      Policy, including the verification of the identity of the applicable Mortgagor
      and, where required, the origin of the assets used by the said Mortgagor to
      purchase the property in question and has procedures, including record keeping
      procedures, in place to comply with Section 326 of the USA Patriot Act of 2001
      and its implementing regulation 31 CFR 103.121 regarding the identity
      of the applicable Mortgagor.  No Mortgage Loan is subject to
      nullification pursuant to Executive Order 13224 (the “Executive Order”) or the
      regulations promulgated by the Office of Foreign Assets Control of the United
      States Department of the Treasury (the “OFAC Regulations”) or in violation of
      the Executive Order or the OFAC Regulations, and no Mortgagor is subject to
      the
      provisions of such Executive Order or the OFAC Regulations nor listed as a
      “blocked person” for purposes of the OFAC Regulations;

     

    (vvv)  The
      Seller is the owner of record of each Mortgage and the indebtedness evidenced
      by
      each Mortgage Note, and upon the sale of the Mortgage Loans to the Purchaser,
      the Seller will retain the Mortgage Files with respect thereto in trust only
      for
      the purpose of servicing and supervising the servicing of each Mortgage
      Loan;

     

    (www)  Interest
      on each Mortgage Loan is calculated on the basis of a 360-day year consisting
      of
      twelve 30-day months;

     

    (xxx)  No
      Mortgage Loan provides for interest payable on a simple interest
      basis;

     

    (yyy)  Each
      Mortgage Loan at the time it was made complied in all material respects with
      applicable local, state and federal laws, including, but not limited to, all
      applicable predatory, abusive and fair lending laws;

     

    (zzz)  There
      is
      no Mortgage Loan that was originated on or after October 1, 2002 and before
      March 7, 2003, which is secured by a Mortgaged Property located in the State
      of
      Georgia.  There is no Mortgage Loan that was originated on or after
      March 7, 2003, which is a “high cost home loan” as defined under the Georgia
      Fair Lending Act;

     

    (aaaa)  No
      Mortgage Loan is a “high cost home,” “covered,” “high risk home” or “predatory”
loan under any applicable state, federal or local law (or a similarly classified
      loan using different terminology under a law imposing heightened regulatory
      scrutiny or additional legal liability for residential mortgage loans having
      high interest rates, points and/or fees);

     

    (bbbb)  No
      Mortgagor was required to purchase any single premium credit insurance policy
      (e.g., life, disability, accident, unemployment, property or health insurance
      product) or debt cancellation agreement as a condition of obtaining the
      extension of credit.  No proceeds from any Mortgage Loan were used to
      purchase single premium credit insurance policies or debt cancellation
      agreements as part of the origination of, or as a condition to closing, such
      Mortgage Loan and no Mortgagor obtained a single premium credit insurance policy
      (e.g., life, disability, accident, unemployment, property or health insurance
      product) or debt cancellation agreement in connection with the origination
      of
      the Mortgage Loan;

     

    (cccc)  With
      respect to any Mortgage Loan that contains a provision permitting imposition
      of
      a Prepayment Penalty: (i) the Mortgage Loan provides some benefit to the
      Mortgagor  (e.g., such as rate or fee reduction) in exchange for
      accepting such Prepayment Penalty; (ii) prior to the Mortgage Loan’s
      origination, the borrower was offered the option of obtaining a mortgage loan
      that did not require payment of such a premium and the originator
      of  the Mortgage Loan had a written policy offering borrowers, or
      requiring third-party brokers to offer borrowers, the option of obtaining a
      mortgage loan that did not require the payment of a premium; (iii) the
      Prepayment Penalty was disclosed to the Mortgagor in the Mortgage Loan Documents
      pursuant to applicable state and federal law; (iv) no Mortgage Loan originated
      on or after October 1, 2002 will impose a prepayment premium for a term in
      excess of three (3) years and any Mortgage Loans originated prior to such date
      will not impose prepayment penalties in excess of five (5) years; in each case
      unless the Mortgage Loan was modified to reduce the prepayment period to no
      more
      than three (3) years from the date of the note and the borrower was notified
      in
      writing of such reduction in prepayment period; and (v) notwithstanding any
      state or federal law to the contrary, the Servicer shall not impose such
      prepayment premium in any instance when the Mortgage Loan is accelerated or
      paid
      off in connection with the workout of a delinquent mortgage or due to the
      borrower’s default, notwithstanding that the terms of the Mortgage Loan or state
      or federal law might permit the Servicer to impose such premium.  Each
      Prepayment Penalty is permissible, collectable and enforceable;

     

    (dddd)  The
      Seller and any predecessor servicer has and the Seller shall in its capacity
      as
      servicer, for each Mortgage Loan, fully furnished, in accordance with the Fair
      Credit Reporting Act and its implementing regulations, accurate and complete
      information (e.g., favorable and unfavorable) on its borrower credit files
      to
      Equifax, Experian and Trans Union Credit Information Company (three (3) of
      the
      credit repositories), on a monthly basis unless such reporting is suspended
      due
      to the Servicemembers Civil Relief Act or an eligible disaster
      declaration;

     

    (eeee)  With
      respect to the Mortgage Loans, no Mortgagor was encouraged or required to select
      a Mortgage Loan product offered by the Mortgage Loan’s originator which is a
      higher cost product designed for less creditworthy borrowers, unless at the
      time
      of the Mortgage Loan’s origination, such Mortgagor did not qualify taking into
      account credit history and debt to income ratios for a lower cost credit product
      then offered by the Mortgage Loan’s originator or any affiliate of the Mortgage
      Loan’s originator.  If, at the time of the related loan application,
      the Mortgagor may have qualified for a lower cost credit product then offered
      by
      any mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage
      Loan’s originator referred the Mortgagor’s application to such affiliate for
      underwriting consideration;

     

    (ffff)  The
      methodology used in underwriting the extension of credit for each Mortgage
      Loan
      employed objective mathematical principles which relate the borrower’s income,
      assets and liabilities  to the proposed payment and such underwriting
      methodology does not rely solely on the extent of the borrower’s equity in the
      collateral as the principal determining factor in approving such credit
      extension.  Such underwriting methodology determined that at the time
      of origination (application/approval) the borrower had the reasonable ability
      to
      make timely payments on the Mortgage Loan;

     

    (gggg)  No
      Mortgagor was charged “points and fees” (whether or not financed) in an amount
      that exceeds the greater of (1) 5% of the principal amount of such Mortgage
      Loan
      or (2) $1,000.  For purposes of this representation “points and fees”
(i) include origination, underwriting, broker and finder fees and charges that
      the lender imposed as a condition of making the Mortgage Loan, whether they
      are
      paid to the lender or a third party, and (ii) exclude bona fide discount points,
      fees paid for actual services rendered in connection with the origination of
      the
      Mortgage Loan (such as attorneys’ fees, notaries fees and fees paid for property
      appraisals, credit reports, surveys, title examinations and extracts, flood
      and
      tax certifications, and home inspections), the cost of mortgage insurance or
      credit-risk price adjustments, the costs of title, hazard, and flood insurance
      policies, state and local transfer taxes or fees, escrow deposits for the future
      payment of taxes and insurance premiums, and other miscellaneous fees and
      charges which miscellaneous fees and charges in total, do not exceed 0.25%
      of
      the amount of such Mortgage Loan.  All points, fees and charges
      (including finance charges) and whether or not financed, assessed, collected
      or
      to be collected in connection with the origination and servicing of each
      Mortgage Loan has been disclosed in writing to the borrower in accordance with
      applicable state and federal law and regulation;

     

    (hhhh)  With
      respect to any Mortgage Loan originated on or after August 1, 2004, neither
      the
      related Mortgage nor the related Mortgage Note requires the borrower to submit
      to arbitration to resolve any dispute arising out of or relating in any way
      to
      the Mortgage Loan transaction;

     

    (iiii)  Each
      Mortgage Loan is covered by a “life of loan” Flood Zone Service Contract which
      is assignable to the Purchaser or its designee at no cost to the Purchaser
      or
      its designee or, for each Mortgage Loan not covered by such Flood Zone Service
      Contract, the Seller agrees to purchase such Flood Zone Service
      Contract;

     

    (jjjj)  Each
      Mortgage Loan is eligible for sale in the secondary market or for inclusion
      in a
      Securitization Transaction without unreasonable credit enhancement;

     

    (kkkk)  No
      Mortgage Loan is a “manufactured housing loan” pursuant to the NJ Act, and one
      hundred percent of the amount financed of any purchase money Second Lien
      Mortgage Loan subject to the NJ Act was used for the purchase of the related
      Mortgaged Property;

     

    (llll)  No
      Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of
      Massachusetts was made to pay off or refinance an existing loan or other debt
      of
      the related borrower (as the term “borrower” is defined in the regulations
      promulgated by the Massachusetts Secretary of State in connection with
      Massachusetts House Bill 4880 (2004)) unless either (1) (a) the related Mortgage
      Interest Rate (that would be effective once the introductory rate expires,
      with
      respect to Adjustable Rate Mortgage Loans) did or would not exceed by more
      than
      2.25% the yield on United States Treasury securities having comparable periods
      of maturity to the maturity of the related Mortgage Loan as of the fifteenth
      day
      of the month immediately preceding the month in which the application for the
      extension of credit was received by the related lender or (b) the Mortgage
      Loan
      is an “open-end home loan” (as such term is used in the Massachusetts House Bill
      4880 (2004)) and the related Mortgage Note provides that the related Mortgage
      Interest Rate may not exceed at any time the Prime rate index as published
      in
      The Wall Street Journal plus a margin of one percent, or (2) such Mortgage
      Loan
      is in the "borrower's interest," as documented by a "borrower's interest
      worksheet" for the particular Mortgage Loan, which worksheet incorporates the
      factors set forth in Massachusetts House Bill 4880 (2004) and the regulations
      promulgated thereunder for determining "borrower's interest," and otherwise
      complies in all material respects with the laws of the Commonwealth of
      Massachusetts;

     

    (mmmm)  The
      Mortgage Loan was not prepaid in full prior to the Closing Date and the Seller
      has not received notification from a Mortgagor that a prepayment in full shall
      be made after the Closing Date;

     

    (nnnn)  The
      Seller will transmit full-file credit reporting data for each Mortgage Loan
      pursuant to Fannie Mae Guide Announcement 95-19 and for each Mortgage Loan,
      Seller agrees it shall report one of the following statuses each month as
      follows: new origination, current, delinquent (30-, 60-, 90-days, etc.),
      foreclosed, or charged-off;

     

    (oooo)  With
      respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such
      MIN
      is accurately provided on the related Mortgage Loan Schedule. The related
      Assignment of Mortgage to MERS has been duly and properly recorded or has been
      delivered for recording to the applicable recording office. With respect to
      each
      MERS Mortgage Loan, the Seller has not received any notice of liens or legal
      actions with respect to such Mortgage Loan and no such notices have been
      electronically posted by MERS;

     

    (pppp)  The
      sale
      or transfer of the Mortgage Loan by the Seller complies with all applicable
      federal, state, and local laws, rules, and regulations governing such sale
      or
      transfer, including, without limitation, the Fair and Accurate Credit
      Transactions Act (“FACT Act”) and the Fair Credit Reporting Act, each as may be
      amended from time to time, and the Seller has not received any actual or
      constructive notice of any identity theft, fraud, or other misrepresentation
      in
      connection with such Mortgage Loan or any party thereto.

     

    (qqqq)  The
      Mortgage Loan Documents with respect to each Mortgage Loan subject to Prepayment
      Penalties specifically authorizes such Prepayment Penalties to be collected,
      such Prepayment Penalties are permissible and enforceable in accordance with
      the
      terms of the related Mortgage Loan Documents and all applicable federal, state
      and local laws (except to the extent that the enforceability thereof may be
      limited by bankruptcy, insolvency, moratorium, receivership and other similar
      laws relating to creditors’ rights generally or the collectability thereof may
      be limited due to acceleration in connection with a foreclosure) and each
      Prepayment Penalty was originated in compliance with all applicable federal,
      state and local laws;

     

    (rrrr)  Unless
      otherwise set forth on the Mortgage Loan Schedule, the source of the down
      payment with respect to each Mortgage Loan has been fully verified by the Seller
      pursuant to the Underwriting Standards.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      M

    

    Representation
      and Warranties with Respect to the Wells Fargo Mortgage
      Loans

    

    Except
      for “Mortgage Loans”, which
      shall mean the Wells Fargo Mortgage Loans sold by the Seller to the Purchaser,
      all capitalized terms in this Exhibit M shall have the meanings ascribed to
      them
      in the Wells Fargo Master Agreement.

    

    All
      references to “Underwriting Guidelines” in the foregoing representation and
      warranties with respect to the Wells Fargo Mortgage Loans are hereby replaced
      with “Underwriting Guidelines with respect to the Seller Mortgage Loans (other
      than the exceptions identified for Exception Mortgage Loans on the related
      Assignment and Conveyance Agreement) or the Third-Party Underwriting Guidelines
      with respect to Third-Party Mortgage Loans, as applicable”.

    

    As
      to
      each Mortgage Loan, the Seller hereby represents and warrants to the Purchaser
      that as of the Closing Date:

     

    
      	
              (i)           
                 

            	
              Mortgage
                Loans as Described.

            

    

     

    The
      information set forth in the respective Mortgage Loan Schedule and the
      information contained on the Data File, delivered to the Purchaser is true
      and
      correct, provided that the Seller makes no representation or warranty as to
      the
      accuracy of Unverified Information;

    

    (ii)           Payments
      Current.

    

    All
      payments required to be made up to the related Cut-off Date for the Mortgage
      Loan under the terms of the Mortgage Note have been made and
      credited.  No payment under any Mortgage Loan has been 30 days
      delinquent more than one time within twelve (12) months prior to the related
      Closing Date;

    

    (iii)           No
      Outstanding Charges.

    

    There
      are
      no defaults in complying with the terms of the Mortgages, and all taxes,
      governmental assessments, insurance premiums, leasehold payments, water, sewer
      and municipal charges, which previously became due and owing have been paid,
      or
      an escrow of funds has been established in an amount sufficient to pay for
      every
      such item which remains unpaid and which has been assessed but is not yet due
      and payable.  The Seller has not advanced funds, or induced, or
      solicited directly or indirectly, the payment of any amount required under
      the
      Mortgage Loan, except for interest accruing from the date of the Mortgage Note
      or date of disbursement of the Mortgage Loan proceeds, whichever is later,
      to
      the day which precedes by one month the Due Date of the first installment of
      principal and interest;

    

    (iv)           Original
      Terms Unmodified.

    

    The
      terms
      of the Mortgage Note and Mortgage have not been impaired, waived, altered or
      modified in any respect, except by a written instrument which has been recorded
      or registered with the MERS System, if necessary, to protect the interests
      of
      the Purchaser and which has been delivered to the Custodian.  The
      substance of any such waiver, alteration or modification has been approved
      by
      the issuer of any related PMI Policy and the title insurer, to the extent
      required by the policy, and its terms are reflected on the related Mortgage
      Loan
      Schedule.  No Mortgagor has been released, in whole or in part, except
      in connection with an assumption agreement approved by the issuer of any related
      PMI Policy and the title insurer, to the extent required by the policy, and
      which assumption agreement is part of the Custodial Mortgage File delivered
      to
      the Custodian and the terms of which are reflected in the related Mortgage
      Loan
      Schedule;

    

    (v)           No
      Defenses.

    

    The
      Mortgage Loan is not subject to any right of rescission, set-off, counterclaim
      or defense, including without limitation the defense of usury, nor will the
      operation of any of the terms of the Mortgage Note or the Mortgage, or the
      exercise of any right thereunder, render either the Mortgage Note or the
      Mortgage unenforceable, in whole or in part, or subject to any right of
      rescission, set-off, counterclaim or defense, including without limitation
      the
      defense of usury, and no such right of rescission, set-off, counterclaim or
      defense has been asserted with respect thereto;

    

    (vi)           No
      Satisfaction of Mortgage.

    

    The
      Mortgage has not been satisfied, canceled, subordinated or rescinded, in whole
      or in part, and the 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 satisfaction, release, cancellation, subordination or
      rescission;

    

    (vii)           Validity
      of Mortgage Documents.

    

    The
      Mortgage Note and the Mortgage and related documents are genuine, and each
      is
      the legal, valid and binding obligation of the maker thereof enforceable in
      accordance with its terms.  All parties to the Mortgage Note and the
      Mortgage had legal capacity to enter into the Mortgage Loan and to execute
      and
      deliver the Mortgage Note and the Mortgage, and the Mortgage Note and the
      Mortgage have been duly and properly executed by such parties.

    

    With
      respect to each Cooperative Loan, the Mortgage Note, the Mortgage, the Pledge
      Agreement, and related documents are genuine, and each is the legal, valid
      and
      binding obligation of the maker thereof enforceable in accordance with its
      terms.  All parties to the Mortgage Note, the Mortgage, the Pledge
      Agreement, the Proprietary Lease, the Stock Power, Recognition Agreement and
      the
      Assignment of Proprietary Lease had legal capacity to enter into the Mortgage
      Loan and to execute and deliver such documents, and such documents have been
      duly and properly executed by such parties;

    

    (viii)                      No
      Fraud.

    

    No
      error,
      omission, misrepresentation, negligence, fraud or similar occurrence with
      respect to a Mortgage Loan has taken place on the part of the Seller, or the
      Mortgagor (except with respect to the accuracy of Unverified Information),
      or to
      the best of the Seller’s knowledge, any appraiser, any builder, or any
      developer, or any other party involved in the origination of the Mortgage Loan
      or in the application of any insurance in relation to such Mortgage
      Loan;

    

    (ix)           Compliance
      with Applicable Laws.

    

    Any
      and
      all requirements of any federal, state or local law including, without
      limitation, usury, truth-in-lending, real estate settlement procedures, consumer
      credit protection, equal credit opportunity, disclosure or predatory and abusive
      lending laws applicable to the Mortgage Loan have been complied
      with.  All inspections, licenses and certificates required to be made
      or issued with respect to all occupied portions of the Mortgaged Property and,
      with respect to the use and occupancy of the same, including, but not limited
      to, certificates of occupancy and fire underwriting certificates, have been
      made
      or obtained from the appropriate authorities;

    

    (x)           Location
      and Type of Mortgaged Property.

    

    The
      Mortgaged Property is located in the state identified in the related Mortgage
      Loan Schedule and consists of a contiguous parcel of real property with a
      detached single family residence erected thereon, or a two- to four-family
      dwelling, or an individual condominium unit in a condominium project, or an
      individual unit in a planned unit development, or a townhouse, or a cooperative,
      provided, however, that any condominium project or planned unit development
      shall conform with the applicable Fannie Mae or Freddie Mac requirements, or
      the
      Underwriting Guidelines with respect to the Seller Mortgage Loans (other than
      the exceptions identified for Exception Mortgage Loans on the related Assignment
      and Conveyance Agreement) or the Third-Party Underwriting Guidelines with
      respect to Third-Party Mortgage Loans, as applicable, regarding such dwellings,
      and no residence or dwelling is a mobile home.  As of the respective
      appraisal date for each Mortgaged Property, any Mortgaged Property being used
      for commercial purposes conforms to the Underwriting Guidelines with respect
      to
      the Seller Mortgage Loans (other than the exceptions identified for Exception
      Mortgage Loans on the related Assignment and Conveyance Agreement) or the
      Third-Party Underwriting Guidelines with respect to Third-Party Mortgage Loans,
      as applicable and, to the best of the Seller’s knowledge, since the date of such
      appraisal, no portion of the Mortgaged Property has been used for commercial
      purposes outside of the Underwriting Guidelines;

    

    (xi)           Valid
      First Lien.

    

    The
      Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged
      Property, including all buildings on the Mortgaged Property and all
      installations and mechanical, electrical, plumbing, heating and air conditioning
      systems located in or annexed to such buildings, and all additions, alterations
      and replacements made at any time with respect to the foregoing.  The
      lien of the Mortgage is subject only to:

    

    (1)           the
      lien of current real property taxes and assessments not yet due and
      payable;

    

    (2)           covenants,
      conditions and restrictions, rights of way, easements and other matters of
      the
      public record as of the date of recording acceptable to mortgage lending
      institutions generally and specifically referred to in the lender's title
      insurance policy delivered to the originator of the Mortgage Loan and (i)
      referred to or otherwise considered in the appraisal made for the originator
      of
      the Mortgage Loan and (ii) which do not adversely affect the Appraised Value
      of
      the Mortgaged Property set forth in such appraisal; and

    

    (3)           other
      matters to which like properties are commonly subject which do not materially
      interfere with the benefits of the security intended to be provided by the
      mortgage or the use, enjoyment, value or marketability of the related Mortgaged
      Property.

    

    Any
      security agreement, chattel mortgage or equivalent document related to and
      delivered in connection with the Mortgage Loan establishes and creates a valid,
      subsisting and enforceable first lien and first priority security interest
      on
      the property described therein and the Seller has full right to sell and assign
      the same to the Purchaser.

    

    With
      respect to each Cooperative Loan, each Pledge Agreement creates a valid,
      enforceable and subsisting first security interest in the Cooperative Shares
      and
      Proprietary Lease, subject only to (i) the lien of the related Cooperative
      for
      unpaid assessments representing the Mortgagor’s pro rata share of the
      Cooperative’s payments for its blanket mortgage, current and future real
      property taxes, insurance premiums, maintenance fees and other assessments
      to
      which like collateral is commonly subject and (ii) other matters to which like
      collateral is commonly subject which do not materially interfere with the
      benefits of the security intended to be provided by the Pledge Agreement;
      provided, however, that the appurtenant Proprietary Lease may be subordinated
      or
      otherwise subject to the lien of any mortgage on the Project;

    

    

    (xii)           Full
      Disbursement of Proceeds.

    

    The
      proceeds of the Mortgage Loan have been fully disbursed, except for escrows
      established or created due to seasonal weather conditions, and there is no
      requirement for future advances thereunder.  All costs, fees and
      expenses incurred in making or closing the Mortgage Loan and the recording
      of
      the Mortgage were paid, and the Mortgagor is not entitled to any refund of
      any
      amounts paid or due under the Mortgage Note or Mortgage;

    

    (xiii)         Consolidation
      of Future Advances.

    

    Any
      future advances made prior to the related Cut-off Date, have been consolidated
      with the outstanding principal amount secured by the Mortgage, and the secured
      principal amount, as consolidated, bears a single interest rate and single
      repayment term reflected on the related Mortgage Loan Schedule. The lien of
      the
      Mortgage securing the consolidated principal amount is expressly insured as
      having first lien priority (or second lien priority for each Mortgage Loan
      identified on the such Mortgage Loan Schedule as being a Second Lien Mortgage
      Loan) by a title insurance policy, an endorsement to the policy insuring the
      mortgagee’s consolidated interest or by other title evidence acceptable to
      Fannie Mae or Freddie Mac; the consolidated principal amount does not exceed
      the
      original principal amount of the Mortgage Loan; the Seller shall not make future
      advances after the related Cut-off Date;

    

    (xiv)         Ownership.

    

    The
      Seller is the sole owner of record and holder of the Mortgage Loans and the
      related Mortgage Note and the Mortgage are not assigned or pledged, and the
      Seller has good and marketable title thereto and has full right and authority
      to
      transfer and sell the Mortgage Loan to the Purchaser.  The Seller is
      transferring the Mortgage Loan free and clear of any and all encumbrances,
      liens, pledges, equities, participation interests, claims, charges or security
      interests of any nature encumbering such Mortgage Loan;

    

    (xv)           Origination/Doing
      Business.

    

    The
      Mortgage Loan was originated by a savings and loan association, a savings bank,
      a commercial bank, a credit union, an insurance company, or similar institution
      that is supervised and examined by a federal or state authority or by a
      mortgagee approved by the Secretary of Housing and Urban Development pursuant
      to
      Sections 203 and 211 of the National Housing Act. All parties which have had
      any
      interest in the Mortgage Loan, whether as mortgagee, assignee, pledgee or
      otherwise, are (or, during the period in which they held and disposed of such
      interest, were)  (1) in compliance with any and all applicable
      licensing requirements of the laws of the state wherein the Mortgaged Property
      is located, and (2) organized under the laws of such state, or (3) qualified
      to
      do business in such state, or (4) federal savings and loan associations or
      national banks having principal offices in such state, or (5) not doing business
      in such state;

    

    (xvi)         LTV,
      PMI Policy.

    

    Each
      Mortgage Loan has an LTV as specified on the related Mortgage Loan Schedule.
      Except as indicated on the
Mortgage
      Loan Schedule and
      on the Data File, if
      the LTV of the Mortgage Loan was greater than 80% at the time of origination,
      a
      portion of the unpaid principal balance of the Mortgage Loan is and will be
      insured as to payment defaults by a PMI Policy.  If the Mortgage Loan
      is insured by a PMI Policy for which the Mortgagor pays all premiums, the
      coverage will remain in place until (i) the LTV decreases to 78% or (ii) the
      PMI
      Policy is otherwise terminated pursuant to the Homeowners Protection Act of
      1998, 12 USC §4901, et seq.  All provisions of such PMI Policy or LPMI
      Policy have been and are being complied with, such policy is in full force
      and
      effect, and all premiums due thereunder have been paid.  The Qualified
      Insurer has a claims paying ability acceptable to Fannie Mae or Freddie
      Mac.  Any Mortgage Loan subject to a PMI Policy or LPMI Policy
      obligates the Mortgagor or the Seller to maintain the PMI Policy or LPMI Policy
      and to pay all premiums and charges in connection therewith.  The
      Mortgage Interest Rate for the Mortgage Loan as set forth on the related
      Mortgage Loan Schedule is net of any such insurance premium;

     

    (xvii)        Title
      Insurance.

    

    The
      Mortgage Loan is covered by an ALTA lender's title insurance policy (or in
      the
      case of any Mortgage Loan secured by a Mortgaged Property located in a
      jurisdiction where such policies are generally not available, an opinion of
      counsel of the type customarily rendered in such jurisdiction in lieu of title
      insurance) or other generally acceptable form of policy of insurance acceptable
      to Fannie Mae or Freddie Mac, issued by a title insurer acceptable to Fannie
      Mae
      or Freddie Mac and qualified to do business in the jurisdiction where the
      Mortgaged Property is located, insuring the Seller, its successors and assigns,
      as to the first priority lien (or second priority if such Mortgage Loan is
      a
      Second Lien Mortgage Loan) of the Mortgage in the original principal amount
      of
      the Mortgage Loan, subject only to the exceptions contained in clauses (1),
      (2)
      and (3) of subsection (xi) of this Section 6(b) with respect to each First
      Lien
      Mortgage Loan and subject only to the exceptions contained in clauses (1),
      (2),
      (3) and (4) of subsection (xlxii) with respect to each Second Lien Mortgage
      Loan, and against any loss by reason of the invalidity or unenforceability
      of
      the lien resulting from the provisions of the Mortgage providing for adjustment
      to the Mortgage Interest Rate and Monthly Payment. Additionally, such lender’s
      title insurance policy includes no exceptions regarding ingress, egress or
      encroachments that impact the value or the marketability of the Mortgaged
      Property. The Seller is the sole insured of such lender's title insurance
      policy, and such lender's title insurance policy is in full force and effect
      and
      will be in force and effect upon the consummation of the transactions
      contemplated by this Agreement. No claims have been made under such lender's
      title insurance policy, and no prior holder of the Mortgage, including the
      Seller, has done, by act or omission, anything which would impair the coverage
      of such lender's title insurance policy;

    

    (xviii)       No
      Defaults.

    

    There
      is
      no default, breach, violation or event of acceleration existing under the
      Mortgage or the Mortgage Note and no event which, with the passage of time
      or
      with notice and the expiration of any grace or cure period, would constitute
      a
      default, breach, violation or event of acceleration, and neither the Seller
      nor
      its predecessors have waived any default, breach, violation or event of
      acceleration;

    

    (xix)          No
      Mechanics' Liens.

    

    There
      are
      no mechanics' or similar liens or claims which have been filed for work, labor
      or material (and no rights are outstanding that under the law could give rise
      to
      such liens) affecting the related Mortgaged Property which are or may be liens
      prior to, or equal or coordinate with, the lien of the related Mortgage which
      are not insured against by the title insurance policy referenced in Paragraph (xvii) above;

    

    (xx)           Location
      of Improvements; No Encroachments.

    

    Except
      as
      insured against by the title insurance policy referenced in subsection (xvii)
      above, all improvements which were considered in determining the Appraised
      Value
      of the Mortgaged Property lay wholly within the boundaries and building
      restriction lines of the Mortgaged Property and no improvements on adjoining
      properties encroach upon the Mortgaged Property.  No improvement
      located on or being part of the Mortgaged Property is in violation of any
      applicable zoning law or regulation;

    

    (xxi)          Payment
      Terms.

    

    Except
      with respect to the Interest Only Mortgage Loans, principal payments commenced
      no more than 60 days after the funds were disbursed to the Mortgagor in
      connection with the Mortgage Loan.  The Mortgage Loans have an
      original term to maturity of not more than 30 years (except with respect to
      certain Balloon Loans or Interest Only Mortgage Loans), with interest payable
      in
      arrears on the first day of each month.  As to each adjustable rate
      Mortgage Loan on each applicable Adjustment Date, the Mortgage Interest Rate
      will be adjusted to equal the sum of the Index plus the applicable Gross Margin,
      rounded up or down to the nearest multiple of 0.125% indicated by the Mortgage
      Note; provided that the Mortgage Interest Rate will not increase or decrease
      by
      more than the Periodic Interest Rate Cap on any Adjustment Date, and will in
      no
      event exceed the maximum Mortgage Interest Rate or be lower than the minimum
      Mortgage Interest Rate listed on the related Mortgage Note for such Mortgage
      Loan.  As to each adjustable rate Mortgage Loan that is not an
      Interest Only Mortgage Loan, each Mortgage Note requires a monthly payment
      which
      is sufficient, during the period prior to the first adjustment to the Mortgage
      Interest Rate, to fully amortize the outstanding principal balance as of the
      first day of such period over the then remaining term of such Mortgage Note
      and
      to pay interest at the related Mortgage Interest Rate.  As to each
      adjustable rate Mortgage Loan, if the related Mortgage Interest Rate changes
      on
      an Adjustment Date or, with respect to an Interest Only Mortgage Loan, on an
      Adjustment Date following the related interest only period, the then outstanding
      principal balance will be reamortized over the remaining life of such Mortgage
      Loan.  No Mortgage Loan contains terms or provisions which would
      result in negative amortization.  With respect to each Balloon Loan,
      the Mortgage Loan is payable in equal monthly installments of principal and
      interest based on a fifteen (15), thirty (30) or forty (40) year amortization
      schedule, as set forth in the related Mortgage Note, and a final lump sum
      payment substantially greater than the preceding Monthly Payment is required
      which is sufficient to amortize the remaining principal balance of the Balloon
      Loan.  No Balloon Loan has an original stated maturity of less than
      seven (7) years;

    

    (xxii)        Customary
      Provisions.

    

    The
      Mortgage and related Mortgage Note contain customary and enforceable provisions
      such as to render the rights and remedies of the holder thereof adequate for
      the
      realization against the Mortgaged Property of the benefits of the security
      provided thereby, including, (1) in the case of a Mortgage designated as a
      deed
      of trust, by trustee's sale, and (2) otherwise by judicial
      foreclosure.  There is no homestead or other exemption available to a
      Mortgagor which would interfere with the right to sell the Mortgaged Property
      at
      a trustee's sale or the right to foreclose the Mortgage;

    

    (xxiii)       Occupancy
      of the Mortgaged Property.

    

    As
      of the
      date of origination, the Mortgaged Property was in good repair and was lawfully
      occupied under applicable law;

    

    (xxiv)       No
      Additional Collateral.

    

    Except
      in
      the case of a Pledged Asset Mortgage Loan and as indicated on the related Data
      File, the Mortgage Note is not and has not been secured by any collateral,
      pledged account or other security except the lien of the corresponding Mortgage
      and the security interest of any applicable security agreement or chattel
      mortgage referred to in subsection (xi) above;

    

    (xxv)        Deeds
      of Trust.

    

    In
      the
      event the Mortgage constitutes a deed of trust, a trustee, duly qualified under
      applicable law to serve as such, has been properly designated and currently
      so
      serves and is named in the Mortgage, and no fees or expenses are or will become
      payable by the Mortgagee to the trustee under the deed of trust, except in
      connection with a trustee's sale after default by the Mortgagor;

    

    (xxvi)       Acceptable
      Investment.

    

    The
      Seller has no knowledge of any circumstances or conditions with respect to
      the
      Mortgage Loan, the Mortgaged Property, the Mortgagor or the Mortgagor's credit
      standing that can reasonably be expected to cause private institutional
      investors to regard the Mortgage Loan as an unacceptable investment, cause
      the
      Mortgage Loan to become delinquent, or adversely affect the value or
      marketability of the Mortgage Loan;

    

    (xxvii)      Transfer
      of Mortgage Loans.

    

    If
      the
      Mortgage Loan is not a MERS Mortgage Loan, the Assignment of Mortgage, upon
      the
      insertion of the name of the assignee and recording information, is in
      recordable form and is acceptable for recording under the laws of the
      jurisdiction in which the Mortgaged Property is located;

    

    (xxviii)     Mortgaged
      Property Undamaged.

    

    The
      Mortgaged Property is undamaged by waste, fire, earthquake or earth movement,
      windstorm, flood, tornado or other casualty so as to affect adversely the value
      of the Mortgaged Property as security for the Mortgage Loan or the use for
      which
      the premises were intended;

    

    (xxix)        Collection
      Practices; Escrow Deposits.

    

    The
      origination, servicing and collection practices used with respect to the
      Mortgage Loan have been in accordance with Accepted Servicing Practices, and
      have been in all material respects legal and proper.  With respect to
      escrow deposits and Escrow Payments, all such payments are in the possession
      of
      the Seller and there exist no deficiencies in connection therewith for which
      customary arrangements for repayment thereof have not been made.  All
      Escrow Payments have been collected in full compliance with state and federal
      law.  No escrow deposits or Escrow Payments or other charges or
      payments due the Seller have been capitalized under the Mortgage
      Note;

    

    (xxx)         No
      Condemnation.

    

    There
      is
      no proceeding pending or to the best of the Seller’s knowledge threatened for
      the total or partial condemnation of the related Mortgaged
      Property;

    

    (xxxi)        The
      Appraisal.

    

    The
      Servicing File include an appraisal, with the exception of any Time$aver®
Mortgage Loan (which at the original origination were on form 1004 or form
      2055
      with interior inspections), of the related Mortgaged Property.  The
      appraisal was conducted by an appraiser who had no interest, direct or indirect,
      in the Mortgaged Property or in any loan made on the security thereof; and
      whose
      compensation is not affected by the approval or disapproval of the Mortgage
      Loan, and the appraisal and the appraiser both satisfy the applicable
      requirements of Title XI of the Financial Institution Reform, Recovery, and
      Enforcement Act of 1989 and the regulations promulgated thereunder, all as
      in
      effect on the date the Mortgage Loan was originated;

    

    (xxxii)       Insurance.

    

    The
      Mortgaged Property securing each Mortgage Loan is insured by an insurer
      acceptable to Fannie Mae or Freddie Mac against loss by fire and such hazards
      as
      are covered under a standard extended coverage endorsement and such other
      hazards as are customary in the area where the Mortgaged Property is located
      pursuant to insurance policies conforming to the requirements of Section 4.10
      of
      the Servicing Agreement, in an amount which is at least equal to the lesser
      of
      (a) 100% of the insurable value, on a replacement cost basis, of the
      improvements on the related Mortgaged Property, or (b) the greater of (i) either
      (1) the outstanding principal balance of the Mortgage Loan with respect to
      each
      First Lien Mortgage Loan or (2) with respect to each Second Lien Mortgage Loan,
      the sum of the outstanding principal balance of the First Lien on such Mortgage
      Loan and the outstanding principal balance of such Second Lien Mortgage Loan,
      or
      (ii) an amount such that the proceeds of such insurance shall be sufficient
      to
      avoid the application to the Mortgagor or loss payee of any coinsurance clause
      under the policy. If the Mortgaged Property is a condominium unit, it is
      included under the coverage afforded by a blanket policy for the project. If
      the
      improvements on the Mortgaged Property are in an area identified in the Federal
      Register by the Federal Emergency Management Agency as having special flood
      hazards, a flood insurance policy meeting the requirements of the current
      guidelines of the Federal Insurance Administration is in effect with a generally
      acceptable insurance carrier, in an amount representing coverage not less than
      the least of (a) the outstanding principal balance of the Mortgage Loan with
      respect to each First Lien Mortgage Loan or with respect to each Second Lien
      Mortgage Loan, the sum of the outstanding principal balance of the First Lien
      on
      such Mortgage Loan and the outstanding principal balance of such Second Lien
      Mortgage Loan, (b) the full insurable value or (c) the maximum amount of
      insurance which was available under the Flood Disaster Protection Act of 1973,
      as amended. All individual insurance policies contain a standard mortgagee
      clause naming the Seller and its successors and assigns as mortgagee, and all
      premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder
      to maintain a hazard insurance policy at the Mortgagor's cost and expense,
      and
      on the Mortgagor's failure to do so, authorizes the holder of the Mortgage
      to
      obtain and maintain such insurance at such Mortgagor's cost and expense, and
      to
      seek reimbursement therefor from the Mortgagor. The hazard insurance policy
      is
      the valid and binding obligation of the insurer, is in full force and effect,
      and will be in full force and effect and inure to the benefit of the Purchaser
      upon the consummation of the transactions contemplated by this Agreement. The
      Seller has not acted or failed to act so as to impair the coverage of any such
      insurance policy or the validity, binding effect and enforceability
      thereof;

    

    
      	
                                              
                (xxxiii)

            	
              Servicemembers
                Civil Relief Act.

            

    

    

    The
      Mortgagor has not notified the Seller, and the Seller has no knowledge of any
      relief requested or allowed to the Mortgagor under the Servicemembers Civil
      Relief Act, as amended;

    

    
      	
                                               
                (xxxiv)

            	
              No
                Graduated Payments or Contingent
                Interests.

            

    

    

    The
      Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan
      does not have a shared appreciation or other contingent interest
      feature;

    

    (xxxv)       No
      Construction Loans.

    

    No
      Mortgage Loan was made in connection with (1) the construction or rehabilitation
      of a Mortgage Property or (2) facilitating the trade-in or exchange of a
      Mortgaged Property other than a construction-to-permanent loan which has
      converted to a permanent Mortgage Loan;

    

    
      	
                                              
                (xxxvi)

            	
              Underwriting.

            

    

    

    
      	
              (a)        
                 

            	
              Each
                Seller Mortgage Loan was underwritten in accordance with the Underwriting
                Guidelines;

            

    

    

    
      	
              (b)       
                 

            	
              Each
                Third-Party Mortgage Loan was underwritten in accordance with the
                Third-Party Underwriting
                Guidelines;

            

    

    

    
      	
              (c)         
                

            	
              Each
                Exception Mortgage Loan was underwritten in accordance with the
                Underwriting Guidelines, subject to the exceptions specified on the
                related Assignment and Conveyance Agreement;
                and

            

    

    

    
      	
              (d)       
                 

            	
              Each
                Mortgage Note and Mortgage are on forms acceptable to Freddie Mac
                or
                Fannie Mae;

            

    

    

    
      	
                                              
                (xxxvii)

            	
              Buydown
                Mortgage Loans.

            

    

    

    With
      respect to each Mortgage Loan that is a Buydown Mortgage Loan:

    

    
      	
               

            	
              (1)

            	
              On
                or before the date of origination of such Mortgage Loan, the Seller
                and
                the Mortgagor, or the Seller, the Mortgagor and the seller of the
                Mortgaged Property or a third party entered into a Buydown
                Agreement.  The Buydown Agreement provides that the seller of
                the Mortgaged Property (or third party) shall deliver to the Seller
                temporary Buydown Funds in an amount equal to the aggregate undiscounted
                amount of payments that, when added to the amount the Mortgagor on
                such
                Mortgage Loan is obligated to pay on each Due Date in accordance
                with the
                terms of the Buydown Agreement, is equal to the full scheduled Monthly
                Payment due on such Mortgage Loan.  The temporary Buydown Funds
                enable the Mortgagor to qualify for the Buydown Mortgage
                Loan.  The effective interest rate of a Buydown Mortgage Loan if
                less than the interest rate set forth in the related Mortgage Note
                will
                increase within the Buydown Period as provided in the related Buydown
                Agreement so that the effective interest rate will be equal to the
                interest rate as set forth in the related Mortgage Note.  The
                Buydown Mortgage Loan satisfies the requirements of the Underwriting
                Guidelines;

            

    

    

    
      	
               

            	
              (2)

            	
              The
                Mortgage and Mortgage Note reflect the permanent payment terms rather
                than
                the payment terms of the Buydown Agreement.  The Buydown
                Agreement provides for the payment by the Mortgagor of the full amount
                of
                the Monthly Payment on any Due Date that the Buydown Funds are
                available.  The Buydown Funds were not used to reduce the
                original principal balance of the Mortgage Loan or to increase the
                Appraised Value of the Mortgage Property when calculating the
                Loan-to-Value Ratios for purposes of the Agreement and, if the Buydown
                Funds were provided by the Seller and if required under Underwriting
                Guidelines, the terms of the Buydown Agreement were disclosed to
                the
                appraiser of the Mortgaged
                Property;

            

    

    

    
      	
               

            	
              (3)

            	
              The
                Buydown Funds may not be refunded to the Mortgagor unless the Mortgagor
                makes a principal payment for the outstanding balance of the Mortgage
                Loan; and

            

    

    

    
      	
              (4)         
                  

            	
              As
                of the date of origination of the Mortgage Loan, the provisions of
                the
                related Buydown Agreement complied with the Underwriting Guidelines
                (other
                than the exceptions identified for Exception Mortgage Loans on the
                related
                Assignment and Conveyance Agreement) or the Third-Party Underwriting
                Guidelines, as applicable regarding buydown
                agreements;

            

    

    

    
      	
                                                           
                (xxxviii)

            	
              Cooperative
                Loans.

            

    

    

    With
      respect to each Cooperative Loan:

    

    
      	
               

            	
              (1)

            	
              The
                Cooperative Shares are held by a person as a tenant-stockholder in
                a
                Cooperative.  Each original UCC financing statement,
                continuation statement or other governmental filing or recordation
                necessary to create or preserve the perfection and priority of the
                first
                lien and security interest in the Cooperative Loan and Proprietary
                Lease
                has been timely and properly made.  Any security agreement,
                chattel mortgage or equivalent document related to the Cooperative
                Loan
                and delivered to Purchaser or its designee establishes in Purchaser
                a
                valid and subsisting perfected first lien on and security interest
                in the
                Mortgaged Property described therein, and Purchaser has full right
                to sell
                and assign the same;

            

    

    

    
      	
               

            	
              (2)

            	
              A
                Cooperative Lien Search has been made by a company competent to make
                the
                same which company is acceptable to Fannie Mae or Freddie Mac and
                qualified to do business in the jurisdiction where the Cooperative
                is
                located;

            

    

    

    
      	
               

            	
              (3)

            	
              (i)
                The term of the related Proprietary Lease is not less than the terms
                of
                the Cooperative Loan; (ii) there is no provision in any Proprietary
                Lease
                which requires the Mortgagor to offer for sale the Cooperative Shares
                owned by such Mortgagor first to the Cooperative; (iii) there is
                no
                prohibition in any Proprietary Lease against pledging the Cooperative
                Shares or assigning the Proprietary Lease; (iv) the Cooperative has
                been
                created and exists in full compliance with the requirements for
                residential cooperatives in the jurisdiction in which the Project
                is
                located and qualifies as a cooperative housing corporation under
                Section
                210 of the Code; (v) the Recognition Agreement is on a form published
                by
                Aztech Document Services, Inc. or includes similar provisions; and
                (vi)
                the Cooperative has good and marketable title to the Project, and
                owns the
                Project either in fee simple; such title is free and clear of any
                adverse
                liens or encumbrances, except the lien of any blanket
                mortgage;

            

    

    

    
      	
              (4)        
                  

            	
              The
                Seller has the right under the terms of the Mortgage Note, Pledge
                Agreement and Recognition Agreement to pay any maintenance charges
                or
                assessments owed by the Mortgagor;
                and

            

    

    

    
      	
              (5)        
                 

            	
              Each
                Stock Power (i) has all signatures guaranteed or (ii) if all signatures
                are not guaranteed, then such Cooperative Shares will be transferred
                by
                the stock transfer agent of the Cooperative if the Seller undertakes
                to
                convert the ownership of the collateral securing the related Cooperative
                Loan;

            

    

    

    
      	
               

            	
              (xxxix)       HOEPA.

            

    

    

    No
      Mortgage Loan is a Covered Loan or a High Cost Loan (in the case of state or
      local law, as determined without giving effect to any available federal
      preemption, other than any exemptions specifically provided for in the relevant
      state or local law);

    

    (xl)           Anti-Money
      Laundering Laws.

    

    The
      Seller has complied with all applicable anti-money laundering laws and
      regulations, (the “Anti-Money Laundering Laws”), and has established an
      anti-money laundering compliance program as required by the Anti-Money
      Laundering Laws;

    

    (xli)           Bankruptcy.

    

    
      	
               

            	
              No
                Mortgagor was a debtor in any state or federal bankruptcy or insolvency
                proceeding as of the date the Mortgage Loan was closed and the proceeds
                of
                the Mortgage Loan were distributed;

            

    

    

    (xlii)         Due
      on Sale.

    

    The
      Mortgage or Mortgage Note contains an enforceable provision, to the extent
      not
      prohibited by federal law, for the acceleration of the payment of the unpaid
      principal balance of the Mortgage Loan in the event that the Mortgaged Property
      is sold or transferred without the prior written consent of the Mortgagee
      thereunder, provided that, with respect to Mortgage Notes which bear an
      adjustable rate of interest, such provision shall not be enforceable if the
      Mortgagor causes to be submitted to the Seller to evaluate the intended
      transferee as if a new Mortgage Loan were being made to such transferee, and
      the
      Seller reasonably determines that the security will not be impaired by such
      Mortgage Loan assumption and that the risk of breach of any covenant or
      agreement in such Mortgage is acceptable to the Purchaser;

    

    (xliii)        Credit
      Reporting.

    

    With
      respect to each Mortgage Loan, the Seller has furnished complete information
      on
      the related borrower credit files to Equifax, Experian and Trans Union Credit
      Information Seller, in accordance with the Fair Credit Reporting Act and its
      implementing regulations;

    

    (xliv)        Delivery
      of Custodial Mortgage Files.

    

    The
      Mortgage Loan Documents contained in the Custodial Mortgage File required to
      be
      delivered by the Seller have been delivered to the Custodian.  The
      Seller is in possession of a complete, true and accurate Retained Mortgage
      File,
      except for such documents where the originals of which have been sent for
      recordation;

    

    (xlv)         Single
      Premium Credit Life Insurance.

    

    No
      Mortgagor has been offered or required to purchase single premium credit
      insurance in connection with the origination of the Mortgage Loan;

    

    (xlvi)        Payment
      in Full.

    

    The
      Seller had no knowledge, at the time of origination of the Mortgage Loan, of
      any
      fact that should have led it to expect that such Mortgage Loan would not be
      paid
      in full when due;

    

    (xlvii)       MERS
      Mortgage Loans.

    

    With
      respect to each MERS Mortgage Loan, a MIN has been assigned to the Mortgage
      Loan, the MIN appears on the Mortgage or related Assignment of Mortgage to
      MERS,
      the Mortgage or the related Assignment of Mortgage to MERS has been duly and
      properly recorded on MERS, and the transfer to the Purchaser has been properly
      reflected in the MERS System pursuant to the Purchaser’s registration
      instructions;

    

    (xlviii)      Leasehold
      Estates.

    

    With
      respect to each Mortgage Loan secured in whole or in part by the interest of
      the
      Mortgagor as a lessee under a ground lease of the related Mortgaged Property
      (a
“Ground Lease”) and not be a fee interest in such Mortgaged
      Property:

    

    (i)           The
      Mortgagor is the owner of a valid and subsisting interest as tenant under the
      Ground Lease;

    

    (ii)           The
      Ground Lease is in full force and effect, unmodified and not supplement by
      any
      writing;

    

    (iii)           The
      Mortgagor is not in default under any provision of the lease;

    

    (iv)           The
      lessor under the Ground Lease is not in default under any of the terms or
      provisions thereof on the part of the lessor to be observed or
      performed;

     

    (v)           The
      term of the Ground Lease exceeds the maturity date of the related Mortgage
      Loan
      by at least five (5) years;

     

    (vi)           The
      Mortgagee under the Mortgage Loan is given at least sixty (60) days’ notice of
      any default and an opportunity to cure any defaults under the Ground Lease
      or to
      take over the Mortgagor’s rights under the Ground Lease;

     

    (vii)           The
      Ground Lease does not contain any default provisions that could result in
      forfeiture or termination of the Ground Lease except for non-payment of the
      Ground Lease or a court order.

     

    (viii)          The
      Ground Lease provides that the leasehold can be transferred, mortgaged and
      sublet an unlimited number of times either without restriction or on payment
      of
      a reasonable fee and delivery of reasonable documentation to the
      lessor;

     

    (ix)           The
      Ground Lease or a memorandum thereof has been recorded and by its terms permits
      the leasehold estate to be mortgaged; and

    (x)           The
      execution, delivery and performance of the Mortgage do not require consent
      (other than those consents which have been obtained and are in full force and
      effect) under, and will not contravene any provision of or cause a default
      under, the Ground Lease;

    

    (xlix)         Mixed-Use
      Property.

    

    No
      Mortgaged Property shall be used
      solely for commercial purposes. With respect to any Mortgaged Property that
      is a
      mixed-use property (i)
the
      Mortgaged Property is a
single family dwelling,
      (ii) any commercial use
      of the Mortgaged Property represents a
      legal, permissible use of the Mortgaged Property under federal, state and local
      laws and ordinances; (iii) the Mortgagor is both the owner and the operator
      of
      the business conducted on the Mortgaged Property; and (iv)
      income from the business use of the
Mortgaged Property
      was not taken into account in
      determining the Appraised Value of the Mortgaged Property.  The Mortgaged Property
      with
      respect to each mixed-use property is in material compliance with all applicable
      environmental laws pertaining to environmental hazards and neither the Company
      nor, to the Company’s knowledge, the related Mortgagor, has received any notice
      of any violation or potential violation of such law;

    
      	 	 

      	 	
              (xlx)         Prepayment
                Charge
                Enforceability.

            

      	 	 

    

    The
      Mortgage Loan Documents with respect
      to each Mortgage Loan subject to Prepayment Charge specifically authorizes
      such
      Prepayment Charge to be collected, such Prepayment Charge is permissible and
      enforceable in accordance with the terms of the related Mortgage Loan Documents
      and all federal, state and local laws applicable to the Mortgage Loans (except
      to the extent that the enforceability thereof may be limited by bankruptcy,
      insolvency, moratorium, receivership and other similar laws relating to
      creditors’ rights generally or the collectability thereof may be limited due to
      acceleration in connection with a foreclosure); and

    

    
      	 	
              (xlxi)        Prepayment
                Charge Amount and
                Duration.

            

    

    

    Each
      such Prepayment Charge is in an
      amount equal to the maximum amount permitted under applicable law and no
      Mortgage Loan originated on or after October 1, 2002
      provides for the payment of a
      Prepayment Penalty beyond the three-year term following the origination of
      the
      Mortgage Loan. No Mortgage Loan originated prior to such date provides
      for the payment of a Prepayment Penalty beyond the five-year term following
      the
      origination of the Mortgage Loan.

     

    (xlxii)       Valid
      Second Lien.

    

    With
      respect to any Second Lien Mortgage Loan, such Mortgage is a valid, subsisting
      and enforceable Second Lien on the Mortgaged Property, including all buildings
      on the Mortgaged Property and all installations and mechanical, electrical,
      plumbing, heating and air conditioning systems located in or annexed to such
      buildings, and all additions, alterations and replacements made at any time
      with
      respect to the foregoing.  The lien of such Mortgage is subject only
      to:

     

    
      	
              (i)          
                   

            	
              the
                lien of current real property taxes and assessments not yet due and
                payable;

            

    

    

     

    
      	
               

            	
              (ii)

            	
              First
                Lien Mortgage Loan acceptable in accordance with the Underwriting
                Guidelines;

            

    

     

    
      	
               

            	
              (iii)

            	
              covenants,
                conditions and restrictions, rights of way, easements and other matters
                of
                the public record as of the date of recording acceptable to mortgage
                lending institutions in accordance with Accepted Servicing Practices
                and
                (i) referred to or otherwise considered in the appraisal and (ii)
                which do
                not adversely affect the Appraised Value;
                and

            

    

     

    
      	
              (iv)        
                 

            	
              other
                matters to which like properties are commonly subject which do not
                materially interfere with the benefits of the security intended to
                be
                provided by the mortgage or the use, enjoyment, value or marketability
                of
                the related Mortgaged Property.

            

    

     

    Any
      security agreement, chattel mortgage or equivalent document related to and
      delivered in connection with such Mortgage Loan establishes and creates a valid,
      subsisting, and enforceable Second Lien and second lien security interest on
      the
      property described therein and the Company has full right to sell and assign
      the
      same to the Purchaser.  With respect to each Second Lien Mortgage
      Loan: (a) the First Lien is in full force and effect, (b) there is no default,
      breach, violation or event of acceleration existing under such First Lien
      Mortgage or the related Mortgage Note, (c) either no consent for the Second
      Lien
      Mortgage Loan is required by the holder of the First Lien or such consent has
      been obtained and is contained in the Mortgage Loan Documents, (d) no event
      which, with the passage of time or with notice and the expiration of any grace
      or cure period, would constitute a default, breach, violation or event or
      acceleration under the related First Lien Mortgage Loan and (e) either (A)
      the
      First Lien Mortgage Loan allows or (B) applicable law requires, the mortgagee
      under the Second Lien Mortgage Loan to receive notice of, and affords such
      mortgagee an opportunity to cure any default by payment in full or otherwise
      under the First Lien Mortgage Loan;  

     

     

    (xlxiii)      Manufactured
      Housing.

    

    No
      Mortgage Loan is secured by
      manufactured housing;

     

    (xlxiv)      New
      Jersey Purchase Money Second Lien Mortgage Loans.

     

    With
      respect to any purchase money Second Lien Mortgage Loans subject to the New
      Jersey Home Ownership Security Act of 2002 (P.L. 2003, c.46:10B-27), one hundred
      percent of the amount financed was used for the purchase of the related
      Mortgaged Property.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

     

    REQUEST
      FOR RELEASE

     

    TO:           [applicable
      Custodian]

    

    
      	 	
              Re:

            	
              
                Pooling
                  and Servicing Agreement dated as of April 1, 2007, among Citigroup
                  Mortgage Loan Trust Inc., as depositor, CitiMortgage, Inc. as master
                  servicer and trust administrator, Citibank, N.A. as paying agent,
                  certificate registrar and authenticating agent and U.S. Bank National
                  Association as Trustee

              

            

    

    

    In
      connection with the administration of the Mortgage Loans held by you as
      Custodian for the Owner pursuant to the above-captioned Pooling and Servicing
      Agreement and the applicable Custodian Agreement, we request the release, and
      hereby acknowledge receipt, of the Trustee's Mortgage File for the Mortgage
      Loan
      described below, for the reason indicated.

     

    Mortgage
      Loan Number:

    Mortgagor
      Name, Address & Zip Code:

     

    Reason
      for Requesting Documents (check one):

     

    
      	
              ______________

            	
              1.

            	
              Mortgage
                Paid in Full

            

    

     

    
      	
              ______________

            	
              2.

            	
              Foreclosure

            

    

     

    
      	
              ______________

            	
              3.

            	
              Substitution

            

    

     

    
      	
              ______________

            	
              4.

            	
              Other
                Liquidation (Repurchases, etc.)

            

    

     

    
      	
              ______________

            	
              5.

            	
              Nonliquidation

            

    

     

    Reason:______________________________________________

     

    Address
      to which Trustee should

    Deliver
      the Custodian's Mortgage File:

     

    [____________]

    [____________]

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              By:           ______________________________

                                        (authorized
                signer)

               

            
	 	 
	
              Issuer:______________________________

            	 
	 	 
	
              Address:

            	
              _____________________________________

            
	 	 
	
              Date:
                _________________________________

               

              Custodian

            	
              _____________________________________

            
	 	 
	 	 

    

     

    Please
      acknowledge the execution of the above request by your signature and date
      below:

     

    
      	
              _____________________________________

              Signature

            	
              Date

            
	 	 
	
              Documents
                returned to Custodian:

            	 
	 	 
	
              ____________________________________

              Trustee

            	
              Date

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      F-1

     

    FORM
      OF
      TRANSFEROR REPRESENTATION LETTER

     

    [Date]

    Citigroup,
      N.A.

    388
      Greenwich St

    New
      York,
      NY 10013

    ATTENTION:
      CMLTI, SERIES 2007-6

     

    
      	 	
              Re:

            	
              
                Citigroup
                  Mortgage Loan Trust Inc.,  Mortgage Pass-Through Certificates,
                  Series 2007-6, Class__ , representing a __% Class
                  Percentage Interest

              

            

    

    

    Ladies
      and Gentlemen:

     

    In
      connection with the transfer by ________________ (the “Transferor”) to
      ________________ (the “Transferee”) of the captioned mortgage pass-through
      certificates (the “Certificates”), the Transferor hereby certifies as
      follows:

     

    Neither
      the Transferor nor anyone acting on its behalf has (a) offered, pledged, sold,
      disposed of or otherwise transferred any Certificate, any interest in any
      Certificate or any other similar security to any person in any manner, (b)
      has
      solicited any offer to buy or to accept a pledge, disposition or other transfer
      of any Certificate, any interest in any Certificate or any other similar
      security from any person in any manner, (c) has otherwise approached or
      negotiated with respect to any Certificate, any interest in any Certificate
      or
      any other similar security with any person in any manner, (d) has made any
      general solicitation by means of general advertising or in any other manner,
      (e)
      has taken any other action, that (in the case of each of subclauses (a) through
      (e) above) would constitute a distribution of the Certificates under the
      Securities Act of 1933, as amended (the “1933 Act”), or would render the
      disposition of any Certificate a violation of Section 5 of the 1933 Act or
      any
      state securities law or would require registration or qualification pursuant
      thereto. The Transferor will not act, nor has it authorized or will it authorize
      any person to act, in any manner set forth in the foregoing sentence with
      respect to any Certificate. The Transferor will not sell or otherwise transfer
      any of the Certificates, except in compliance with the provisions of that
      certain Pooling and Servicing Agreement, dated as of April 1, 2007, among
      Citigroup Mortgage Loan Trust Inc. as depositor, CitiMortgage, Inc. as trust
      administrator and master servicer, CitiBank, N.A. as paying agent, certificate
      registrar and authenticating agent and U.S. Bank National Association as Trustee
      (the “Pooling and Servicing Agreement”), pursuant to which Pooling and Servicing
      Agreement the Certificates were issued.

     

    Capitalized
      terms used but not defined herein shall have the meanings assigned thereto
      in
      the Pooling and Servicing Agreement.

     

    
      	 	
              Very
                truly yours,

               

               

              [Transferor]

               

               

              By:_____________________________________

              Name:

              Title:

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    FORM
      OF
      TRANSFEREE REPRESENTATION LETTER

     

    [Date]

     

    Citigroup,
      N.A.

    388
      Greenwich St

    New
      York,
      NY 10013

    ATTENTION:
      CMLTI, SERIES 2007-6

     

    
      	 	
              Re:

            	
              
                Citigroup
                  Mortgage Loan Trust Inc., Mortgage Pass-Through Certificates, Series
                  2007-6, Class ___, representing a ___% Percentage
                  Interest

              

            

    

    

    Ladies
      and Gentlemen:

     

    In
      connection with the purchase from ______________________ (the “Transferor”) on
      the date hereof of the captioned trust certificates (the “Certificates”),
      _______________ (the “Transferee”) hereby certifies as follows:

     

    1.           The
      Transferee is a “qualified institutional buyer” as that term is defined in Rule
      144A (“Rule 144A”) under the Securities Act of 1933 (the “1933 Act”) and has
      completed either of the forms of certification to that effect attached hereto
      as
      Annex 1 or Annex 2. The Transferee is aware that the sale to it is being made
      in
      reliance on Rule 144A. The Transferee is acquiring the Certificates for its
      own
      account or for the account of a qualified institutional buyer, and understands
      that such Certificate may be resold, pledged or transferred only (i) to a person
      reasonably believed to be a qualified institutional buyer that purchases for
      its
      own account or for the account of a qualified institutional buyer to whom notice
      is given that the resale, pledge or transfer is being made in reliance on Rule
      144A, or (ii) pursuant to another exemption from registration under the 1933
      Act.

     

    2.           The
      Transferee has been furnished with all information regarding (a) the
      Certificates and distributions thereon, (b) the nature, performance and
      servicing of the Mortgage Loans, (c) the Pooling and Servicing Agreement
      referred to below, and (d) any credit enhancement mechanism associated with
      the
      Certificates, that it has requested.

     

    All
      capitalized terms used but not otherwise defined herein have the respective
      meanings assigned thereto in the Pooling and Servicing Agreement, dated as
      of
      April 1, 2007, among Citigroup Mortgage Loan Trust Inc. as depositor,
      CitiMortgage, Inc. as master servicer and trust administrator, Citibank, N.A.
      as
      paying agent, certificate registrar and authenticating agent and U.S. Bank
      National Association as Trustee, pursuant to which the Certificates were
      issued.

     

    
      	 	
              [TRANSFEREE]

               

               

              By:           ______________________________

              Name:

              Title:

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      1 TO EXHIBIT F

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees Other Than Registered Investment Companies]

     

    The
      undersigned hereby certifies as follows to [name of Transferor] (the
“Transferor”) and U.S. Bank National Association, as Trustee, with respect to
      the mortgage pass-through certificates (the “Certificates”) described in the
      Transferee Certificate to which this certification relates and to which this
      certification is an Annex:

     

    
      	 	
              1.

            	
              As
                indicated below, the undersigned is the President, Chief Financial
                Officer, Senior Vice President or other executive officer of the
                entity
                purchasing the Certificates (the “Transferee”).

            
	 	 	 
	 	
              2.

            	
              In
                connection with purchases by the Transferee, the Transferee is a
                “qualified institutional buyer” as that term is defined in Rule 144A under
                the Securities Act of 1933 (“Rule 144A”) because (i) the Transferee owned
                and/or invested on a discretionary basis $______________________1 in securities (except
                for the excluded
                securities referred to below) as of the end of the Transferee's most
                recent fiscal year (such amount being calculated in accordance with
                Rule
                144A) and (ii) the Transferee satisfies the criteria in the category
                marked below.

            
	 	 	 
	 	
              ___

            	
              CORPORATION,
                ETC. The Transferee is a corporation (other than a bank, savings
                and loan
                association or similar institution), Massachusetts or similar business
                trust, partnership, or any organization described in Section 501(c)(3)
                of
                the Internal Revenue Code of 1986.

            
	 	 	 
	 	
              ___

            	
              BANK.
                The Transferee (a) is a national bank or banking institution organized
                under the laws of any State, territory or the District of Columbia,
                the
                business of which is substantially confined to banking and is supervised
                by the State or territorial banking commission or similar official
                or is a
                foreign bank or equivalent institution, and (b) has an audited net
                worth
                of at least $25,000,000 as demonstrated in its latest annual financial
                statements, a copy of which is attached hereto.

            
	 	 	 
	 	
              ___

            	
              SAVINGS
                AND LOAN. The Transferee (a) is a savings and loan association, building
                and loan association, cooperative bank, homestead association or
                similar
                institution, which is supervised and examined by a State or Federal
                authority having supervision over any such institutions or is a foreign
                savings and loan association or equivalent institution and (b) has
                an
                audited net worth of at least

            
	 	 	 

    

    
________________________ 

    
      1           Transferee
        must own and/or invest on a discretionary basis at least $100,000,000 in
        securities unless Transferee is a dealer, and, in that case, Transferee must
        own
        and/or invest on a discretionary basis at least $10,000,000 in
        securities.  $25,000,000 as demonstrated in its latest annual
        financial statements, A COPY OF WHICH IS ATTACHED HERETO.

    

    

    
      	 	
              ___

            	
              BROKER-DEALER.
                The Transferee is a dealer registered pursuant to Section 15 of the
                Securities Exchange Act of 1934.

            
	 	 	 
	 	
              ___

            	
              INSURANCE
                COMPANY. The Transferee is an insurance company whose primary and
                predominant business activity is the writing of insurance or the
                reinsuring of risks underwritten by insurance companies and which
                is
                subject to supervision by the insurance commissioner or a similar
                official
                or agency of a State, territory or the District of
                Columbia.

            
	 	 	 
	 	
              ___

            	
              STATE
                OR LOCAL PLAN. The Transferee is a plan established and maintained
                by a
                State, its political subdivisions, or any agency or instrumentality
                of the
                State or its political subdivisions, for the benefit of its
                employees.

            
	 	 	 
	 	
              __

            	
              ERISA
                PLAN. The Transferee is an employee benefit plan within the meaning
                of
                Title I of the Employee Retirement Income Security Act of 1974, as
                amended.

            
	 	 	 
	 	
              ___

            	
              INVESTMENT
                ADVISOR. The Transferee is an investment advisor registered under
                the
                Investment Advisers Act of 1940.

            
	 	 	 
	 	
              3.

            	
              The
                term “SECURITIES” as used herein DOES NOT INCLUDE (i) securities of
                issuers that are affiliated with the Transferee, (ii) securities
                that are
                part of an unsold allotment to or subscription by the Transferee,
                if the
                Transferee is a dealer, (iii) securities issued or guaranteed by
                the U.S.
                or any instrumentality thereof, (iv) bank deposit notes and certificates
                of deposit, (v) loan participations, (vi) repurchase agreements,
                (vii)
                securities owned but subject to a repurchase agreement and (viii)
                currency, interest rate and commodity swaps.

            
	 	 	 
	 	
              4.

            	
              For
                purposes of determining the aggregate amount of securities owned
                and/or
                invested on a discretionary basis by the Transferee, the Transferee
                used
                the cost of such securities to the Transferee and did not include
                any of
                the securities referred to in the preceding paragraph. Further, in
                determining such aggregate amount, the Transferee may have included
                securities owned by subsidiaries of the Transferee, but only if such
                subsidiaries are consolidated with the Transferee in its financial
                statements prepared in accordance with generally accepted accounting
                principles and if the investments of such subsidiaries are managed
                under
                the Transferee's direction. However, such securities were not included
                if
                the Transferee is a majority-owned, consolidated subsidiary of another
                enterprise and the Transferee is not itself a reporting company under
                the
                Securities Exchange Act of 1934.

            
	 	 	 
	 	
              5.

            	
              The
                Transferee acknowledges that it is familiar with Rule 144A and understands
                that the Transferor and other parties related to the Certificates
                are
                relying and will continue to rely on the statements made herein because
                one or more sales to the Transferee may be in reliance on Rule
                144A.

            

    

    

    
      	
              ___

              Yes

               

            	
              ___

              No

               

            	
              Will
                the Transferee be purchasing the Certificates only for the Transferee's
                own account?

               

            

    

    

    
      	 	
              6.

            	
              If
                the answer to the foregoing question is “no”, the Transferee agrees that,
                in connection with any purchase of securities sold to the Transferee
                for
                the account of a third party (including any separate account) in
                reliance
                on Rule 144A, the Transferee will only purchase for the account of
                a third
                party that at the time is a “qualified institutional buyer” within the
                meaning of Rule 144A. In addition, the Transferee agrees that the
                Transferee will not purchase securities for a third party unless
                the
                Transferee has obtained a current representation letter from such
                third
                party or taken other appropriate steps contemplated by Rule 144A
                to
                conclude that such third party independently meets the definition
                of
                “qualified institutional buyer” set forth in Rule 144A.

            
	 	 	 
	 	
              7.

            	
              The
                Transferee will notify each of the parties to which this certification
                is
                made of any changes in the information and conclusions herein. Until
                such
                notice is given, the Transferee's purchase of the Certificates will
                constitute a reaffirmation of this certification as of the date of
                such
                purchase. In addition, if the Transferee is a bank or savings and
                loan as
                provided above, the Transferee agrees that it will furnish to such
                parties
                updated annual financial statements promptly after they become
                available.

            
	 	 	 

    

    

    Dated:

     

    
      	 	
              ___________________________________

              Print
                Name of Transferee

               

              By:           _______________________________

              Name:

              Title:

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ANNEX
      2 TO EXHIBIT F

     

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees That Are Registered Investment Companies]

     

    The
      undersigned hereby certifies as follows to [name of Transferor] (the
“Transferor”) and U.S. Bank National Association, as Trustee, with respect to
      the mortgage pass- through certificates (the “Certificates”) described in the
      Transferee Certificate to which this certification relates and to which this
      certification is an Annex:

     

    1.  As
      indicated below, the undersigned is the President, Chief Financial Officer
      or
      Senior Vice President of the entity purchasing the Certificates (the
“Transferee”) or, if the Transferee is a “qualified institutional buyer” as that
      term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”)
      because the Transferee is part of a Family of Investment Companies (as defined
      below), is such an officer of the investment adviser (the
“Adviser”).

     

    2.  In
      connection with purchases by the Transferee, the Transferee is a “qualified
      institutional buyer” as defined in Rule 144A because (i) the Transferee is an
      investment company registered under the Investment Company Act of 1940, and
      (ii)
      as marked below, the Transferee alone, or the Transferee's Family of Investment
      Companies, owned at least $100,000,000 in securities (other than the excluded
      securities referred to below) as of the end of the Transferee's most recent
      fiscal year. For purposes of determining the amount of securities owned by
      the
      Transferee or the Transferee's Family of Investment Companies, the cost of
      such
      securities was used.

     

    ____
      The
      Transferee owned $___________________ in securities (other than the excluded
      securities referred to below) as of the end of the Transferee's most recent
      fiscal year (such amount being calculated in accordance with Rule
      144A).

     

    ____
      The
      Transferee is part of a Family of Investment Companies which owned in the
      aggregate $______________ in securities (other than the excluded securities
      referred to below) as of the end of the Transferee's most recent fiscal year
      (such amount being calculated in accordance with Rule 144A).

     

    3.  The
      term
“FAMILY OF INVESTMENT COMPANIES” as used herein means two or more registered
      investment companies (or series thereof) that have the same investment adviser
      or investment advisers that are affiliated (by virtue of being majority owned
      subsidiaries of the same parent or because one investment adviser is a majority
      owned subsidiary of the other).

     

    4.  The
      term
“SECURITIES” as used herein does not include (i) securities of issuers that are
      affiliated with the Transferee or are part of the Transferee's Family of
      Investment Companies, (ii) securities issued or guaranteed by the U.S. or any
      instrumentality thereof, (iii) bank deposit notes and certificates of deposit,
      (iv) loan participations, (v) repurchase agreements, (vi) securities owned
      but
      subject to a repurchase agreement and (vii) currency, interest rate and
      commodity swaps.

     

    5.  The
      Transferee is familiar with Rule 144A and understands that the parties to which
      this certification is being made are relying and will continue to rely on the
      statements made herein because one or more sales to the Transferee will be
      in
      reliance on Rule 144A. In addition, the Transferee will only purchase for the
      Transferee's own account.

     

    6.  The
      undersigned will notify the parties to which this certification is made of
      any
      changes in the information and conclusions herein. Until such notice, the
      Transferee's purchase of the Certificates will constitute a reaffirmation of
      this certification by the undersigned as of the date of such
      purchase.

     

    
      	 	
              Dated:

               

              ___________________________________

              Print
                Name of Transferee or Advisor

               

              By:________________________________

              Name:

              Title:

               

              IF
                AN ADVISER:

               

              ___________________________________

              Print
                Name of Transferee

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    FORM
      OF TRANSFEREE REPRESENTATION LETTER

     

    The
      undersigned hereby certifies on behalf of the purchaser named below (the
“Purchaser”) as follows:

     

    1.  I
      am an
      executive officer of the Purchaser.

     

    
      	
              2.  

            	
              The
                Purchaser is a “qualified institutional buyer”, as defined in Rule 144A,
                (“Rule 144A”) under the Securities Act of 1933, as
                amended.

            

    

     

    
      	
              3.  

            	
              As
                of the date specified below (which is not earlier than the last day
                of the
                Purchaser's most recent fiscal year), the amount of “securities”, computed
                for purposes of Rule 144A, owned and invested on a discretionary
                basis by
                the Purchaser was in excess of
                $100,000,000.

            

    

     

    
      	 	
              Name
                of Purchaser

               

              ___________________________________

               

              By:           _____________________________

              Name:

              Title:

               

              Date
                of this certificate:

              Date
                of information provided in paragraph
                3

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      F-2

     

    The
      undersigned, being first duly sworn, deposes and says as follows:

     

    1.  The
      undersigned is an officer of, the proposed Transferee of an Ownership Interest
      in a Residual Certificate (the “Certificate”) issued pursuant to the
      Pooling and Servicing Agreement dated as of April 1, 2007 (the
“Agreement”), among Citigroup Mortgage Loan Trust Inc., as depositor (the
“Depositor”), CitiMortgage, Inc., as master servicer and trust
      administrator (the “Master Servicer”), Citibank, N.A., as paying agent,
      certificate registrar and authenticating agent (the “Paying Agent”) and U.S.
      Bank National Association, as trustee (the
“Trustee”).  Capitalized terms used, but not defined herein or
      in Exhibit 1 hereto, shall have the meanings ascribed to such terms in the
      Agreement.  The Transferee has authorized the undersigned to make this
      affidavit on behalf of the Transferee for the benefit of the Depositor and
      the
      Trustee.

     

    2.  The
      Transferee is, as of the date hereof, and will be, as of the date of the
      Transfer, a Permitted Transferee.  The Transferee is acquiring its
      Ownership Interest in the Certificate for its own account.  The
      Transferee has no knowledge that any such affidavit is false.

     

    3.  The
      Transferee has been advised of, and understands that (i) a tax will be
      imposed on Transfers of the Certificate to Persons that are not Permitted
      Transferees; (ii) such tax will be imposed on the transferor, or, if such
      Transfer is through an agent (which includes a broker, nominee or middleman)
      for
      a Person that is not a Permitted Transferee, on the agent; and (iii) the
      Person otherwise liable for the tax shall be relieved of liability for the
      tax
      if the subsequent Transferee furnished to such Person an affidavit that such
      subsequent Transferee is a Permitted Transferee and, at the time of Transfer,
      such Person does not have actual knowledge that the affidavit is
      false.

     

    4.  The
      Transferee has been advised of, and understands that a tax will be imposed
      on a
“pass-through entity” holding the Certificate if at any time during the taxable
      year of the pass-through entity a Person that is not a Permitted Transferee
      is
      the record holder of an interest in such entity.  The Transferee
      understands that such tax will not be imposed for any period with respect to
      which the record holder furnishes to the pass-through entity an affidavit that
      such record holder is a Permitted Transferee and the pass-through entity does
      not have actual knowledge that such affidavit is false.  (For this
      purpose, a “pass-through entity” includes a regulated investment company, a real
      estate investment trust or common trust fund, a partnership, trust or estate,
      and certain cooperatives and, except as may be provided in Treasury Regulations,
      persons holding interests in pass-through entities as a nominee for another
      Person.)

     

    5.  The
      Transferee has reviewed the provisions of Section 5.02(d) of the Agreement
      and understands the legal consequences of the acquisition of an Ownership
      Interest in the Certificate including, without limitation, the restrictions
      on
      subsequent Transfers and the provisions regarding voiding the Transfer and
      mandatory sales.  The Transferee expressly agrees to be bound by and
      to abide by the provisions of Section 5.02(d) of the Agreement and the
      restrictions noted on the face of the Certificate.  The Transferee
      understands and agrees that any breach of any of the representations included
      herein shall render the Transfer to the Transferee contemplated hereby null
      and
      void.

     

    6.  The
      Transferee agrees to require a Transfer Affidavit from any Person to whom the
      Transferee attempts to Transfer its Ownership Interest in the Certificate,
      and
      in connection with any Transfer by a Person for whom the Transferee is acting
      as
      nominee, trustee or agent, and the Transferee will not Transfer its Ownership
      Interest or cause any Ownership Interest to be Transferred to any Person that
      the Transferee knows is not a Permitted Transferee.  In connection
      with any such Transfer by the Transferee, the Transferee agrees to deliver
      to
      the Trustee a certificate substantially in the form set forth as Exhibit L
      to the Agreement (a “Transferor Certificate”) to the effect that such
      Transferee has no actual knowledge that the Person to which the Transfer is
      to
      be made is not a Permitted Transferee.

     

    7.  The
      Transferee has historically paid its debts as they have come due, intends to
      pay
      its debts as they come due in the future, and understands that the taxes payable
      with respect to the Certificate may exceed the cash flow with respect thereto
      in
      some or all periods and intends to pay such taxes as they become
      due.  The Transferee does not have the intention to impede the
      assessment or collection of any tax legally required to be paid with respect
      to
      the Certificate.

     

    8.  The
      Transferee’s taxpayer identification number is ___________.

     

    9.  The
      Transferee is a U.S. Person as defined in Code
      Section 7701(a)(30).

     

    10.  The
      Transferee is aware that the Certificate may be a “noneconomic residual
      interest” within the meaning of proposed Treasury regulations promulgated
      pursuant to the Code and that the transferor of a noneconomic residual interest
      will remain liable for any taxes due with respect to the income on such residual
      interest, unless no significant purpose of the transfer was to impede the
      assessment or collection of tax.

     

    11.  The
      Transferee will not cause income from the Certificate to be attributable to
      a
      foreign permanent establishment or fixed base, within the meaning of an
      applicable income tax treaty, of the Transferee or any other U.S.
      person.

     

    12.  Check
      one
      of the following:

    [    ]  The
      present value of the anticipated tax liabilities associated with holding the
      Certificate, as applicable, does not exceed the sum of:

     

    
      	 	
              (i)

               

            	
              the
                present value of any consideration given to the Transferee to acquire
                such
                Certificate;

               

            
	 	
              (ii)

               

            	
              the
                present value of the expected future distributions on such Certificate;
                and

               

            
	 	
              (iii)

               

            	
              the
                present value of the anticipated tax savings associated with holding
                such
                Certificate as the related REMIC generates losses.

               

            

    

    For
      purposes of this calculation, (i) the Transferee is assumed to pay tax at the
      highest rate currently specified in Section 11(b) of the Code (but the tax
      rate
      in Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate
      specified in Section 11(b) of the Code if the Transferee has been subject to
      the
      alternative minimum tax under Section 55 of the Code in the preceding two years
      and will compute its taxable income in the current taxable year using the
      alternative minimum tax rate) and (ii) present values are computed using a
      discount rate equal to the short-term Federal rate prescribed by Section 1274(d)
      of the Code for the month of the transfer and the compounding period used by
      the
      Transferee.

     

    [    ]  The
      transfer of the Certificate complies with U.S. Treasury Regulations Sections
      1.860E-1(c)(5) and (6) and, accordingly,

     

    
      	 	
              (i)

               

            	
              the
                Transferee is an “eligible corporation,” as defined in U.S. Treasury
                Regulations Section 1.860E-1(c)(6)(i), as to which income from the
                Certificate will only be taxed in the United States;

               

            
	 	
              (ii)

               

            	
              at
                the time of the transfer, and at the close of the Transferee’s two fiscal
                years preceding the year of the transfer, the Transferee had gross
                assets
                for financial reporting purposes (excluding any obligation of a person
                related to the Transferee within the meaning of U.S. Treasury Regulations
                Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets
                in
                excess of $10 million;

               

            
	 	
              (iii)

               

            	
              the
                Transferee will transfer the Certificate only to another “eligible
                corporation,” as defined in U.S. Treasury Regulations Section
                1.860E-1(c)(6)(i), in a transaction that satisfies the requirements
                of
                Sections 1.860E-1(c)(4)(i), (ii) and (iii) and Section 1.860E-1(c)(5)
                of
                the U.S. Treasury Regulations; and

               

            
	 	
              (iv)

               

            	
              the
                Transferee determined the consideration paid to it to acquire the
                Certificate based on reasonable market assumptions (including, but
                not
                limited to, borrowing and investment rates, prepayment and loss
                assumptions, expense and reinvestment assumptions, tax rates and
                other
                factors specific to the Transferee) that it has determined in good
                faith.

               

            

    

    [    ]  None
      of the above.

     

    13.  The
      Transferee is not an employee benefit plan that is subject to Title I of ERISA
      or a plan that is subject to Section 4975 of the Code or a plan subject to
      any Federal, state or local law that is substantially similar to Title I of
      ERISA or Section 4975 of the Code, and the Transferee is not acting on behalf
      of
      or investing plan assets of such a plan.

     

    IN
      WITNESS WHEREOF, the Transferee has caused this instrument to be executed on
      its
      behalf, pursuant to authority of its Board of Directors, by its duly authorized
      officer and its corporate seal to be hereunto affixed, duly attested, this
           day of
                  ,
      20  .

    

     

    
      	 	
              [NAME
                OF TRANSFEREE]

               

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	
              By:

               

            	 	 
	 	
              Name:

               

            	 	 
	 	
              Title:

               

            	 	 
	 	 	 	 

    

    

    
      	
              [Corporate
                Seal]

               

               

            
	
              ATTEST:

               

            
	 
	 ______________________________________
	
              [Assistant]
                Secretary

               

            

    

    Personally
      appeared before me the above-named __________, known or proved to me to be
      the
      same person who executed the foregoing instrument and to be the ___________
      of
      the Transferee, and acknowledged that he executed the same as his free act
      and
      deed and the free act and deed of the Transferee.

     

    Subscribed
      and sworn before me this      day of
         ,
      20  .

     

    

     

    
      	 	 
	 	
              NOTARY
                PUBLIC

               

            
	 	
              My
                Commission expires the __ day

              of
                _________, 20__

               

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    FORM
      OF
      TRANSFEROR AFFIDAVIT

     

    
      	
              STATE
                OF_____________

            	
              )

            	 
	 	
              )

            	
              ss.:

            
	
              COUNTY
                OF___________

            	
              )

            	 

    

     

    __________________________,
      being duly sworn, deposes, represents and warrants as follows:

     

    1.  I
      am a
      ____________________ of ____________________________ (the “Owner”), a
      corporation duly organized and existing under the laws of ______________, on
      behalf of whom I make this affidavit.

     

    2.  The
      Owner
      is not transferring the Class R Certificates (the “Residual Certificates”) to
      impede the assessment or collection of any tax.

     

    3.  The
      Owner
      has no actual knowledge that the Person that is the proposed transferee (the
      “Purchaser”) of the Residual Certificates: (i) has insufficient assets to pay
      any taxes owed by such proposed transferee as holder of the Residual
      Certificates; (ii) may become insolvent or subject to a bankruptcy proceeding
      for so long as the Residual Certificates remain outstanding and (iii) is not
      a
      Permitted Transferee.

     

    4.  The
      Owner
      understands that the Purchaser has delivered to the Trustee a transfer affidavit
      and agreement in the form attached to the Pooling and Servicing Agreement as
      Exhibit F-2.  The Owner does not know or believe that any
      representation contained therein is false.

     

    5.  At
      the
      time of transfer, the Owner has conducted a reasonable investigation of the
      financial condition of the Purchaser as contemplated by Treasury Regulations
      Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Owner
      has
      determined that the Purchaser has historically paid its debts as they became
      due
      and has found no significant evidence to indicate that the Purchaser will not
      continue to pay its debts as they become due in the future. The Owner
      understands that the transfer of a Residual Certificate may not be respected
      for
      United States income tax purposes (and the Owner may continue to be liable
      for
      United States income taxes associated therewith) unless the Owner has conducted
      such an investigation.

     

    6.  Capitalized
      terms not otherwise defined herein shall have the meanings ascribed to them
      in
      the Pooling and Servicing Agreement.

     

    IN
      WITNESS WHEREOF, the Owner has caused this instrument to be executed on its
      behalf, pursuant to the authority of its Board of Directors, by its [Vice]
      President, attested by its [Assistant] Secretary, this ____ day of ___________,
      20__.

     

    
      	 	 	 	 	 	 	 	
              [OWNER]

            
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:                      [Vice]
                President

            

    

    

    

    ATTEST:

     

    By:______________________________

    Name:

    Title:    [Assistant]
      Secretary

     

    

    Personally
      appeared before me the above-named , known or proved to me to be the same person
      who executed the foregoing instrument and to be a [Vice] President of the Owner,
      and acknowledged to me that [he/she] executed the same as [his/her] free act
      and
      deed and the free act and deed of the Owner.

     

    Subscribed
      and sworn before me this ____ day of __________, 20___.

     

    
      	 	 
	 	
              Notary
                Public

            
	 	 
	 	
              County
                of __________________

            
	 	 
	 	
              State
                of ___________________

            
	 	 
	 	
              My
                Commission expires:

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      G

     

    FORM
      OF
      CERTIFICATION WITH RESPECT TO ERISA AND THE CODE

     

    [Date]

     

    Citigroup,
      N.A.

    388
      Greenwich St

    New
      York,
      NY 10013

    Attention:
      CMLTI, Series 2007-6

     

    
      	 	
              Re:

            	
              
                Citigroup
                  Mortgage Loan Trust Inc., Mortgage Pass-Through Certificates, Series
                  2007-6, Class ___

              

            

    

    

    Dear
      Sirs:

     

    _______________________
      (the “Transferee”) intends to acquire from _____________________ (the
“Transferor”) $____________ Initial Certificate Principal Balance of Citigroup
      Mortgage Loan Trust Inc., Mortgage Pass-Through Certificates, Series 2007-6,
      Class [1-][2-][B4][B5][B6][R] (the “Certificates”), issued pursuant to a Pooling
      and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of
      April 1, 2007, among Citigroup Mortgage Loan Trust Inc. as depositor (the
“Depositor”), CitiMortgage, Inc. as master servicer (the “Master Servicer”) and
      trust administrator, Citibank N.A., as paying agent, certificate registrar
      and
      authenticating agent and U.S. Bank National Association as trustee (the
“Trustee”). Capitalized terms used herein and not otherwise defined shall have
      the meanings assigned thereto in the Pooling and Servicing Agreement. The
      Transferee hereby certifies, represents and warrants to, and covenants with
      the
      Depositor, the Trustee and the Master Servicer that:

     

    The
      Certificates (i) are not being acquired by, and will not be transferred to,
      any
      employee benefit plan within the meaning of section 3(3) of the Employee
      Retirement Income Security Act of 1974, as amended (“ERISA”), or other
      retirement arrangement, including individual retirement accounts and annuities,
      Keogh plans and bank collective investment funds and insurance company general
      or separate accounts in which such plans, accounts or arrangements are invested,
      that is subject to Section 406 of ERISA or Section 4975 of the Internal Revenue
      Code of 1986 (the “Code”) (any of the foregoing, a “Plan”), (ii) are not being
      acquired with “plan assets” of a Plan within the meaning of the Department of
      Labor (“DOL”) regulation, 29 C.F.R.§2510.3-101, as modified by Section 3(42) of
      ERISA, and (iii) will not be transferred to any entity that is deemed to be
      investing in “plan assets” of a Plan within the meaning of the DOL regulation at
      29 C.F.R. §2510.3-101, as modified by Section 3(42) of ERISA.

     

    

    
      	 	 	 	 	 	 	 	
              Very
                truly yours,

               

               

              ______________________________________

            
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Name:

            
	 	 	 	 	 	 	 	 	
              Title:

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      H

     

    FORM
      OF
      MASTER SERVICER CERTIFICATION

     

    
      	 	
              Re:

            	
              
                Citigroup
                  Mortgage Loan Trust Inc., Mortgage Pass-Through Certificates, Series
                  2007-6

              

            

    

    

    I,
      [identify the certifying individual], acting of [CitiMortgage, Inc.
      (“CitiMortgage”)], certify to Citigroup Mortgage Loan Trust, Inc. (the
“Depositor”), the Trust Administrator and their respective officers, directors
      and affiliates, and with the knowledge and intent that they will rely upon
      this
      certification, that:

     

    1.           I
      have reviewed the information provided to the Trust Administrator by the Master
      Servicer pursuant to the Servicing Agreement and included in the annual report
      on Form 10-K for the fiscal year [___], and all reports on Form 10-D required
      to
      be filed in respect of the period covered by such Form 10-K of the Depositor
      relating to the above-referenced trust (the “Exchange Act periodic reports”)
      (the “Servicing Information”);

     

    2.           Based
      on my knowledge, the Servicing Information in the Exchange Act periodic reports,
      taken as a whole, does not contain any untrue statement of a material fact
      or
      omit to state a material fact necessary to make the statements made, in light
      of
      the circumstances under which such statements were made, not misleading as
      of
      the last day of the period covered by that annual report;

     

    3.           Based
      on my knowledge, the Servicing Information required to be provided to the Trust
      Administrator by the Master Servicer has been provided as required under the
      Pooling and Servicing Agreement;

     

    4.           I
      am responsible for reviewing the activities performed by the Master Servicer
      under the Pooling and Servicing Agreement and based upon the review required
      under the Pooling and Servicing Agreement, and except as disclosed to the
      Depositor and the Trust Administrator, the Master Servicer has fulfilled in
      all
      material respects its obligations under the Pooling and Servicing Agreement;
      and

     

    5.           I
      have disclosed to the Master Servicer’s certified public accountants and the
      Depositor all significant deficiencies relating to the Master Servicer’s
      compliance with the Servicing Criteria as set forth in the Pooling and Servicing
      Agreement.

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Pooling and Servicing Agreement, dated April 1, 2007 (the “Pooling and Servicing
      Agreement”), among the Depositor as depositor, CitiMortgage, Inc. as master
      servicer and trust administrator, Citibank, N.A. as paying agent, certificate
      registrar and authenticating agent and U.S. Bank National Association as
      trustee.

     

    
      	 	 	 	 	 	 	 	
              [CITIMORTGAGE,
                INC.]

               

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

               

            	 
	 	 	 	 	 	 	 	
              Name:

               

            	 
	 	 	 	 	 	 	 	
              Title:

               

            	 
	 	 	 	 	 	 	 	
              Date:

               

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      I

     

    FORM
      BACK-UP CERTIFICATION TO FORM 10-K CERTIFICATE TO BE PROVIDED TO
      DEPOSITOR

     

    
      	 	
              Re:

            	
              
                Pooling
                  and Servicing Agreement dated as of April 1, 2007 (the “Agreement”), among
                  Citigroup Mortgage Loan Trust Inc., as depositor, CitiMortgage,
                  Inc. as
                  master servicer and trust administrator, Citibank, N.A. as paying
                  agent,
                  certificate registrar and authenticating agent and U.S. Bank National
                  Association as Trustee

              

            

    

     

    I,
      ________________________________, the _______________________ of [Trust
      Administrator], certify to [the Depositor] and the [Master Servicer] [Trustee],
      and their officers, with the knowledge and intent that they will rely upon
      this
      certification, that:

     

    (1)           I
      have reviewed the Master Servicer compliance statement of the Company provided
      in accordance with Item 1123 of Regulation AB (the “Compliance Statement”), the
      report on assessment of the Company’s compliance with the servicing criteria set
      forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in
      accordance with Rules 13a-18 and 15d-18 under Securities Exchange Act of 1934,
      as amended (the “Exchange Act”) and Item 1122 of Regulation AB (the “Servicing
      Assessment”), the registered public accounting firm’s attestation report
      provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act
      and
      Section 1122(b) of Regulation AB (the “Attestation Report”), and all
      servicing reports, officer’s certificates and other information relating to the
      servicing of the Mortgage Loans by the Company during 200[ ] that were delivered
      by the Company to the Depositor and the Trust Administrator pursuant to the
      Agreement (collectively, the “Company Servicing Information”);

     

    (2)           Based
      on my knowledge, the Company Servicing Information, taken as a whole, does
      not
      contain any untrue statement of a material fact or omit to state a material
      fact
      necessary to make the statements made, in light of the circumstances under
      which
      such statements were made, not misleading with respect to the period of time
      covered by the Company Servicing Information;

     

    (3)           Based
      on my knowledge, all of the Company Servicing Information required to be
      provided by the Company under the Agreement has been provided to the Depositor
      and the Trust Administrator;

     

    (4)           I
      am responsible for reviewing the activities performed by the Company as Master
      Servicer under the Agreement, and based on my knowledge and the compliance
      review conducted in preparing the Compliance Statement and except as disclosed
      in the Compliance Statement, the Servicing Assessment or the Attestation Report,
      the Company has fulfilled its obligations under the Agreement in all material
      respects; and

     

    (5)           The
      Compliance Statement required to be delivered by the Company pursuant to the
      Agreement, and the Servicing Assessment and Attestation Report required to
      be
      provided by the Company and by any subservicer or subcontractor pursuant to
      the
      Agreement, have been provided to the Depositor and the Trust
      Administrator.  Any material instances of noncompliance described in
      such reports have been disclosed to the Depositor and the Trust
      Administrator.  Any material instance of noncompliance with the
      Servicing Criteria has been disclosed in such reports.

     

    
      	 	
              Date:                      _________________________

               

            
	 	 
	 	
              By:

              Name:                      ________________________________

              Title:                      ________________________________

               

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      J

     

    FORM
      OF
      INTEREST RATE CAP AGREEMENT

     

     

    
      	
              DATE:

            	
              April
                30, 2007

            

    

                         

    
      	
              TO:

            	
              Citibank,
                N.A., not in its
                individual capacity, but solely as cap trustee (the “Cap Trustee”) on
                behalf of the cap trust (the “Cap Trust”) with respect to the Citigroup
                Mortgage Loan Trust 2007-6, Mortgage Pass-Through Certificates, Series
                2007-6 (“Party
                B”)

            

    

    c/o
      Citibank, N.A.

    Valerie
      Delgado

    388
      Greenwich St., 14th
      Floor

    New
      York,
      NY  10013

    Phone:
      (212)
      816-5680

    Fax:
      (212) 816-5527

     

    
      
        	
                FROM:

              	
                Swiss
                  Re Financial Products
                  Corporation

              

      

    

    

    
      	
              SUBJECT:

            	
              Fixed
                Income Derivatives Confirmation

            

    

     

    
      
        	
                REFERENCE
                  NUMBER:

              	
                SRFP
                  Ref: 1438296

              

      

    

                                                          

    The
      purpose of this long-form confirmation
      (“Confirmation”) is to
      confirm the terms and conditions of the current Transaction entered into on
      the
      Trade Date specified below (the “Transaction”) between Swiss Re
      Financial Products Corporation (“Party
      A”) and Citibank, N.A., not in its individual
      capacity, but solely as Cap Trustee on behalf of the Cap Trust with respect
      to
      the Citigroup Mortgage Loan Trust 2007-6, Mortgage Pass-Through Certificates,
      Series 2007-6 (“Party B”) .Reference is made hereby to the
      Pooling and Servicing Agreement, dated as of January 1, 2007, among Citigroup
      Mortgage Loan Trust Inc., as Depositor, CitiMortgage, Inc., as Master Servicer
      and Trust Administrator, Citibank, N.A. as Paying Agent, Certificate Registrar
      and Authenticating Agent and U.S. Bank National Association, as
      Trustee (the “Pooling and Servicing
      Agreement”).  This Confirmation evidences a complete and
      binding agreement between you and us to enter into the Transaction on the terms
      set forth below and replaces any previous agreement between us with respect
      to
      the subject matter hereof.  This Confirmation constitutes a
“Confirmation” and also constitutes a
“Schedule” as referred to in the ISDA Master Agreement,
      and
      Paragraph 13 of a Credit Support Annex to the Schedule.

    

    
      	
              1.  

            	
              This
                Confirmation shall supplement, form a part of, and be subject to
                an
                agreement in the form of the ISDA Master Agreement (Multicurrency
                - Cross
                Border) as published and copyrighted in 1992 by the International
                Swaps
                and Derivatives Association, Inc. (the “ISDA Master
                Agreement”), as if Party A and Party B had executed an agreement
                in such form on the date hereof, with a Schedule as set forth in
                Item 3 of
                this Confirmation, and an ISDA Credit Support Annex (Bilateral Form
                - ISDA
                Agreements Subject to New York Law Only version) as published and
                copyrighted in 1994 by the International Swaps and Derivatives
                Association, Inc., with Paragraph 13 thereof as set forth in Annex
                A
                hereto (the “Credit Support Annex”).  For the
                avoidance of doubt, the Transaction described herein shall be the
                sole
                Transaction governed by such ISDA Master Agreement.  In the
                event of any inconsistency among any of the following documents,
                the
                relevant document first listed shall govern: (i) this Confirmation,
                exclusive of the provisions set forth in Item 3 hereof and Annex
                A hereto;
                (ii) the provisions set forth in Item 3 hereof, which are incorporated
                by
                reference into the Schedule; (iii) the Credit Support Annex; (iv)
                the
                Definitions; and (v) the ISDA Master
                Agreement.

            

    

     

    Each
      reference herein to a “Section” or to a “Section” “of this Agreement” will be
      construed as a reference to a Section of the ISDA Master Agreement; each herein
      reference to a “Part” will be construed as a reference to the provisions herein
      deemed incorporated in a Schedule to the ISDA Master Agreement; each reference
      herein to a “Paragraph” will be construed as a reference to a Paragraph of the
      Credit Support Annex.

     

    
      	
              2.

            	
              The
                terms of the particular Transaction to which this Confirmation relates
                are
                as follows:

            

    

     

    
      
        	
                Type
                  of Transaction:

                 

              	 	
                Interest
                  Rate Cap

                 

              
	
                Notional
                  Amount:

                 

              	 	
                With
                  respect to any Calculation Period, the amount set forth for such
                  period on
                  Schedule I attached hereto.

                 

              
	
                Trade
                  Date:

                 

              	 	
                April
                  25, 2007

                 

              
	
                Effective
                  Date:

                 

              	 	
                April
                  30, 2007

                 

              
	
                Termination
                  Date:

                 

              	 	
                June
                  25, 2017

                 

              
	
                Fixed
                  Amounts:

                 

              	 	 
	 	
                Fixed
                  Rate Payer:

                 

              	 	
                Party
                  B

                 

              
	 	
                Fixed
                  Amount:

                 

              	 	
                USD
                  480,000

                 

              
	 	
                Fixed
                  Rate Payer Payment Date:

                 

              	 	
                April
                  30, 2007

              
	
                Floating
                  Amounts:

                 

              	 	 
	 	
                Floating
                  Rate Payer:

                 

              	 	
                Party
                  A

                 

              
	 	
                Cap
                  Rate:

                 

              	 	
                6.00%

                 

              
	 	
                Floating
                  Rate Payer Period End Dates:

              	 	
                The
                  25th
                  calendar day of each month during the Term of this Transaction,
                  commencing
                  May 25, 2007, and ending on the Termination Date subject to No
                  Adjustment
                  in accordance with the Business Day Convention.

                 

              
	 	
                Floating
                  Rate Payer Payment Dates:

              	 	
                Early
                  payment shall be applicable.  The Floating Rate Payer Payment
                  Date shall be two (2) Business Days prior to each Period End Date,
                  commencing on May 23, 2007.

                 

              
	 	
                Floating
                  Rate Option:

                 

              	 	
                USD-LIBOR-BBA;
                  provided, however, that if the Floating Rate determined from such
                  Floating
                  Date Option for any Calculation Period is greater than 7.50% then
                  the
                  Floating Rate for such Calculation Period shall be deemed to be
                  7.50%

                 

              
	 	
                Designated
                  Maturity:

                 

              	 	
                One
                  month

                 

              
	 	
                Floating
                  Rate Day Count Fraction:

                 

              	 	
                30/360

              
	 	
                Reset
                  Dates:

                 

              	 	
                The
                  first day of each Calculation Period.

                 

              
	 	
                Compounding:

                 

              	 	
                Inapplicable

                 

              
	 	
                Business
                  Days:

                 

              	 	
                New
                  York

                 

              
	 	
                Business
                  Day Convention:

                 

              	 	
                Following

                 

              
	 	
                Calculation
                  Agent:

                 

              	 	
                Party
                  A

                 

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              3.

            	
              Provisions
                Deemed Incorporated in a Schedule to the ISDA Master
                Agreement:

            

    

     

    Part
      1.  Termination
      Provisions.

     

    For
      the
      purposes of this Agreement:-

     

    (a)           “Specified
      Entity” will not apply to Party A or Party B for any
      purpose.

     

    
      	
              (b)

            	
              “Specified
                Transaction” will have the meaning specified in Section
                14.

            

    

     

    
      	
              (c)

            	
              Events
                of Default.

            

    

     

    The
      statement below that an Event of Default will apply to a specific party means
      that upon the occurrence of such an Event of Default with respect to such party,
      the other party shall have the rights of a Non-defaulting Party under Section
      6
      of this Agreement; conversely, the statement below that such event will not
      apply to a specific party means that the other party shall not have such
      rights.

     

    
      	
              (i)  

            	
              The
                “Failure to Pay or Deliver” provisions of Section 5(a)(i)
                will apply to Party A and will apply to Party B; provided, however,
                that  Section 5(a)(i) is hereby amended by replacing the word
                “third” with the word “first”; provided, further, that notwithstanding
                anything to the contrary in Section 5(a)(i), any failure by Party
                A to
                comply with or perform any obligation to be complied with or performed
                by
                Party A under the Credit Support Annex shall not constitute an Event
                of
                Default under Section 5(a)(i) unless (A) a Required Ratings Downgrade
                Event has occurred and been continuing for 30 or more Local Business
                Days
                and (B) such failure is not remedied on or before the third Local
                Business
                Day after notice of such failure is given to Party
                A.

            

    

     

    
      	
              (ii)  

            	
              The
                “Breach of Agreement” provisions of Section 5(a)(ii) will
                apply to Party A and will not apply to Party
                B.

            

    

     

    
      	
              (iii)  

            	
              The
                “Credit Support Default” provisions of Section 5(a)(iii)
                will apply to Party A and will not apply to Party B except that Section
                5(a)(iii)(1) will apply to Party B solely in respect of Party B’s
                obligations under Paragraph 3(b) of the Credit Support Annex; provided,
                however, that notwithstanding anything to the contrary in Section
                5(a)(iii)(1), any failure by Party A to comply with or perform any
                obligation to be complied with or performed by Party A under the
                Credit
                Support Annex shall not constitute an Event of Default under Section
                5(a)(iii) unless (A) a Required Ratings Downgrade Event has occurred
                and
                been continuing for 30 or more Local Business Days and (B) such failure
                is
                not remedied on or before the third Local Business Day after notice
                of
                such failure is given to Party A.

            

    

     

    
      	
              (iv)  

            	
              The
                “Misrepresentation” provisions of Section 5(a)(iv) will
                apply to Party A and will not apply to Party
                B.

            

    

     

    
      	
              (v)  

            	
              The
                “Default under Specified Transaction” provisions of
                Section 5(a)(v) will apply to Party A and will not apply to Party
                B.

            

    

     

    
      	
              (vi)  

            	
              The
                “Cross Default” provisions of Section 5(a)(vi) will apply
                to Party A and will not apply to Party B.  For purposes of
                Section 5(a)(vi), solely with respect to Party
                A:

            

    

     

    “Specified
      Indebtedness” will have the meaning specified in Section 14, except that such
      term shall not include insurance contracts entered into in the ordinary course
      of Party A’s Credit Support Provider’s insurance business.

     

    “Threshold
      Amount” means with respect to Party A an amount equal to three percent (3%) of
      the Shareholders’ Equity of Party A’s Credit Support Provider.

     

    “Shareholders’
      Equity” means with respect to an entity, at any time, the sum (as shown in the
      most recent annual audited financial statements of such entity) of (i) its
      capital stock (including preferred stock) outstanding, taken at par value,
      (ii)
      its capital surplus and (iii) its retained earnings, minus (iv) treasury stock,
      each to be determined in accordance with generally accepted accounting
      principles.

     

    
      	
              (vii)  

            	
              The
                “Bankruptcy” provisions of Section 5(a)(vii) will apply
                to Party A and will apply to Party B except that the provisions of
                Section
                5(a)(vii)(2), (6) (to the extent that such provisions refer to any
                appointment contemplated or effected by the Pooling and Servicing
                Agreement or any appointment to which Party B has not become subject),
                (7)
                and (9) will not apply to Party B; provided that, with respect to
                Party B
                only, Section 5(a)(vii)(4) is hereby amended by adding after the
                words
                “against it” the words “(excluding any proceeding or petition instituted
                or presented by Party A or its Affiliates)”, and Section 5(a)(vii)(8) is
                hereby amended by deleting the words “to (7) inclusive” and inserting in
                lieu thereof “, (3), (4) as amended, (5), or (6) as
                amended”.

            

    

     

    
      	
              (viii)  

            	
              The
                “Merger Without Assumption” provisions of Section
                5(a)(viii) will apply to Party A and will  apply to Party
                B.

            

    

     

    (d)           Termination
      Events.

     

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

     

    
      	 	
              (i)

            	The
              “Illegality” provisions of Section 5(b)(i) will apply to
              Party A and will apply to Party B.

      	 	 	 

      	
               

            	
              (ii)

            	
              The
                “Tax Event” provisions of Section 5(b)(ii) will apply to
                Party A except that, for purposes of the application of Section 5(b)(ii)
                to Party A, Section 5(b)(ii) is hereby amended by deleting the words
“(x)
                any action taken by a taxing authority, or brought in a court of
                competent
                jurisdiction, on or after the date on which a Transaction is entered
                into
                (regardless of whether such action is taken or brought with respect
                to a
                party to this Agreement) or (y)”, and the “Tax Event”
                provisions of Section 5(b)(ii) will apply to Party
                B.

            

    

     

    
      	
               

            	
              (iii)

            	
              The
                “Tax Event Upon Merger” provisions of Section 5(b)(iii)
                will apply to Party A and will apply to Party B, provided that Party
                A
                shall not be entitled to designate an Early Termination Date by reason
                of
                a Tax Event upon Merger in respect of which it is the Affected
                Party.

            

    

     

    
      	
               

            	
              (iv)

            	
              The
                “Credit Event Upon Merger” provisions of Section 5(b)(iv)
                will not apply to Party A and will not apply to Party
                B.

            

    

     

    
      	
              (e)

            	
              The
                “Automatic Early Termination” provision of Section 6(a)
                will not apply to Party A and will not apply to Party
                B.

            

    

     

    (f)           Payments
      on Early Termination.  For the purpose of Section 6(e) of
      this Agreement:

     

    
      	
              (i)  

            	
              Market
                Quotation will apply, provided, however, that, in the event of a
                Derivative Provider Trigger Event, the following provisions will
                apply:

            

    

     

    
      	
               

            	
              (A)

            	
              The
                definition of Market Quotation in Section 14 shall be deleted in
                its
                entirety and replaced with the
                following:

            

    

     

    “Market
      Quotation” means, with respect to one or more Terminated
      Transactions, a Firm Offer which is (1) made by a Reference Market-maker that
      is
      an Eligible Replacement, (2) for an amount that would be paid to Party B
      (expressed as a negative number) or by Party B (expressed as a positive number)
      in consideration of an agreement between Party B and such Reference Market-maker
      to enter into a Replacement Transaction, and (3) made on the basis that Unpaid
      Amounts in respect of the Terminated Transaction or group of Transactions are
      to
      be excluded but, without limitation, any payment or delivery that would, but
      for
      the relevant Early Termination Date, have been required (assuming satisfaction
      of each applicable condition precedent) after that Early Termination Date is
      to
      be included.

     

    
      	
               

            	
              (B)

            	
              The
                definition of Settlement Amount shall be deleted in its entirety
                and
                replaced with the following:

            

    

     

    “Settlement
      Amount” means, with respect to any Early Termination Date, an
      amount (as determined by Party B at the written direction of the Depositor)
      equal to:

     

    
      	
               

            	
              (a)

            	
              If
                a Market Quotation for the relevant Terminated Transaction or group
                of
                Terminated Transactions is accepted by Party B at the written direction
                of
                the Depositor so as to become legally binding on or before the day
                falling
                ten Local Business Days after the day on which the Early Termination
                Date
                is designated, or such later day as Party B at the written direction
                of
                the Depositor may specify in writing to Party A, but in either case
                no
                later than one Local Business Day prior to the Early Termination
                Date
                (such day, the “Latest Settlement Amount Determination Day”), the
                Termination Currency Equivalent of the amount (whether positive or
                negative) of such Market Quotation;

            

    

     

    
      	
               

            	
              (b)

            	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                has been accepted by Party B at the written direction of the Depositor
                so
                as to become legally binding and one or more Market Quotations from
                Approved Replacements have been made and remain capable of becoming
                legally binding upon acceptance, the Settlement Amount shall equal
                the
                Termination Currency Equivalent of the amount (whether positive or
                negative) of the lowest of such Market Quotations (for the avoidance
                of
                doubt, the lowest of such Market Quotations shall be the lowest Market
                Quotation of such Market Quotations expressed as a positive number
                or, if
                any of such Market Quotations is expressed as a negative number,
                the
                Market Quotation expressed as a negative number with the largest
                absolute
                value); or

            

    

     

    
      	
               

            	
              (c)

            	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B so as to become legally binding and no Market
                Quotation from an Approved Replacement remains capable of becoming
                legally
                binding upon acceptance, the Settlement Amount shall equal Party
                B’s Loss
                (whether positive or negative and without reference to any Unpaid
                Amounts)
                for the relevant Terminated Transaction or group of Terminated
                Transactions.

            

    

     

    
      	
               

            	
              (C)

            	
              If
                Party B at the written direction of the Depositor requests Party
                A in
                writing to obtain Market Quotations, Party A shall use its reasonable
                efforts to do so before the Latest Settlement Amount Determination
                Day.

            

    

     

    
      	
               

            	
              (D)

            	
              If
                the Settlement Amount is a negative number, Section 6(e)(i)(3) shall
                be
                deleted in its entirety and replaced with the
                following:

            

    

     

    “(3)
      Second Method and Market Quotation. If the Second Method and Market
      Quotation apply, (I) Party B shall pay to Party A an amount equal to the
      absolute value of the Settlement Amount in respect of the Terminated
      Transactions, (II) Party B shall pay to Party A the Termination Currency
      Equivalent of the Unpaid Amounts owing to Party A and (III) Party A shall pay
      to
      Party B the Termination Currency Equivalent of the Unpaid Amounts owing to
      Party
      B; provided, however, that (x) the amounts payable under the immediately
      preceding clauses (II) and (III) shall be subject to netting in accordance
      with
      Section 2(c) of this Agreement and (y) notwithstanding any other provision
      of
      this Agreement, any amount payable by Party A under the immediately preceding
      clause (III) shall not be netted-off against any amount payable by Party B
      under
      the immediately preceding clause (I).”

     

    
      	 	
              (E)

            	
              At
                any time on or before the Latest Settlement Amount Determination
                Day at
                which two or more Market Quotations from Approved Replacements remain
                capable of becoming legally binding upon acceptance, Party B shall
                be
                entitled to accept only the lowest of such Market Quotations (for
                the
                avoidance of doubt, the lowest of such Market Quotations shall be
                the
                lowest Market Quotation of such Market Quotations expressed as a
                positive
                number or, if any of such Market Quotations is expressed as a negative
                number, the Market Quotation expressed as a negative number with
                the
                largest absolute value).

            

      	 	 	 

      	
               

            	
              (F)

            	
              Notwithstanding
                the provisions of this Part 5(f), nothing in this Agreement shall
                preclude
                Party A from obtaining Market
                Quotations.

            

    

     

    
      	
              (ii)  

            	
              The
                Second Method will apply.

            

    

     

    (g)           “Termination
      Currency” means USD.

     

    (h)           Additional
      Termination Events.  Additional Termination Events will apply
      as provided in Part 5(c).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Part
      2.  Tax Matters.

     

    (a)           Tax
      Representations.

     

    
      	
               

            	
              (i)

            	
              Payer
                Representations.  For the purpose of Section 3(e) of
                this Agreement:

            

    

     

    (A)            
      Party A makes the following representation(s):

     

      
None.

     

    (B)   
Party
      B
      makes the following representation(s):

     

     
       None.

     

    (ii)           Payee
      Representations.  For the purpose of Section 3(f) of this
      Agreement:

     

    (A)     Party
      A
      makes the following representation(s):

        

       Party
      A represents
      that it is a corporation organized under the laws of the State of
      Delaware.

     

    (B)    Party
      B
      makes the following representation(s):

     

      None.

     

    
      	
              (b)

            	
              Tax
                Provisions.

            

    

     

    
      	
               

            	
              (i)

            	
              Gross
                Up.  Section 2(d)(i)(4) shall not apply to Party B as
                X, and Section 2(d)(ii) shall not apply to Party B as Y, in each
                case such
                that Party B shall not be required to pay any additional amounts
                referred
                to therein.

            

    

     

    
      	
               

            	
              (ii)

            	
              Indemnifiable
                Tax.  The definition of “Indemnifiable Tax” in Section
                14 is deleted in its entirety and replaced with the
                following:

            

    

     

    “Indemnifiable
      Tax” means, in relation to payments by Party A, any Tax and, in
      relation to payments by Party B, no Tax.

     

    Part
      3.  Agreement to Deliver Documents. 

     

     (a)           For
      the purpose of Section 4(a)(i), tax forms, documents, or certificates to be
      delivered are:

     

    
      	
              Party
                required to deliver document

               

            	
              Form/Document/Certificate

               

            	
              Date
                by which to be
                delivered

               

            
	
              Party
                A

               

            	
              An
                original properly completed and executed United States Internal Revenue
                Service Form W-9 including applicable attachments (or any successor
                thereto) with respect to any payments received or to be received
                by Party
                A that eliminates U.S. federal withholding and backup withholding
                Tax on
                payments to Party A under this Agreement.

               

            	
              (i)
                upon execution of this Agreement, (ii) on or before the first payment
                date
                under this Agreement, including any Credit Support Document, (iii)
                promptly upon the reasonable demand by Party B, (iv) prior to the
                expiration or obsolescence of any previously delivered form, and
                (v)
                promptly upon the information on any such previously delivered form
                becoming inaccurate or incorrect.

               

            
	
              Party
                B

               

            	
              (i)
                Upon execution of this Agreement, an original properly completed
                and
                executed United States Internal Revenue Service Form W-9 including
                applicable attachments (or any successor thereto) with respect to
                any
                payments received or to be received by the initial beneficial owner
                of
                payments to Party B under this Agreement, and (ii)
                thereafter,  the appropriate tax certification form (i.e., IRS
                Form W-9 or IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable
                (or
                any successor form thereto)) with respect to any payments received
                or to
                be received by the beneficial owner of payments to Party B under
                this
                Agreement from time to time.

               

            	
              (i)
                upon execution of this Agreement, (ii) on or before the first payment
                date
                under this Agreement, including any Credit Support Document, (iii)
                promptly upon the reasonable demand by Party A, (iv) prior to the
                expiration or obsolescence of any previously delivered form, and
                (v)
                promptly upon the information on any such previously delivered form
                becoming inaccurate or incorrect.

               

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)           For
      the purpose of Section 4(a)(ii), other documents to be delivered
      are:

     

    
      	
              Party
                required to deliver document

               

            	
              Form/Document/Certificate

               

            	
              Date
                by which to be
                delivered

               

            	
              Covered
                by Section 3(d) Representation

               

            
	
              Party
                A and

              Party
                B

               

            	
              Any
                documents required by the receiving party to evidence the authority
                of the
                delivering party or its Credit Support Provider, if any, for it to
                execute
                and deliver the Agreement, this Confirmation, and any Credit Support
                Documents to which it is a party, and to evidence the authority of
                the
                delivering party or its Credit Support Provider to perform its obligations
                under the Agreement, this Confirmation and any Credit Support Document,
                as
                the case may be

               

            	
              Upon
                the execution and delivery of this Agreement

               

            	
              Yes

               

            
	
              Party
                A and

              Party
                B

               

            	
              A
                certificate of an authorized officer of the party, as to the incumbency
                and authority of the respective officers of the party signing the
                Agreement, this Confirmation, and any relevant Credit Support Document,
                as
                the case may be

               

            	
              Upon
                the execution and delivery of this Agreement

               

            	
              Yes

               

            
	
              Party
                A

               

            	
              Annual
                Report of Party A’s Credit Support Provider containing consolidated
                financial statements certified by independent certified public accountants
                and prepared in accordance with generally accepted accounting principles
                in the country in which Party A’s Credit Support Provider is
                organized

               

            	
              Promptly
                upon becoming publicly available

               

            	
              Yes

               

            
	
              Party
                A

               

            	
              Semi
                Annual Financial Statements of Party A’s Credit Support Provider
                containing unaudited, consolidated financial statements of Party
                A’s
                Credit Support Provider’s Interim Report prepared in accordance with
                generally accepted accounting principles in the country in which
                Party A’s
                Credit Support Provider is organized

               

            	
              Promptly
                upon becoming publicly available

               

            	
              Yes

               

            
	
              Party
                A

               

            	
              A
                guarantee of Swiss Reinsurance Company

               

            	
              Upon
                the execution and delivery of this Agreement

               

            	
              No

               

            
	
              Party
                A

               

            	
              An
                opinion of counsel to Party A’s Guarantor

               

            	
              Upon
                the execution and delivery of this Agreement

               

            	
              No

               

            
	
              Party
                B

               

            	
              Pooling
                and Servicing Agreement

               

            	
              Promptly
                upon becoming publicly available

               

            	
              No

               

            

    

    

    Part
      4.  Miscellaneous.

     

    
      	
              (a)

            	
              Address
                for Notices:  For the purposes of Section 12(a) of
                this Agreement:

            

    

     

    Address
      for notices or communications
      to Party A:

     

    Address:               
      Swiss Re Financial Products Corporation

    55
      East 52nd Street

    New
      York, New York
      10055

    Attention:
      Head of
      Operations

    Facsimile
      No. (917)
      322-7201

     

    (For
      all purposes)

     

    With
      a copy
      to:    Swiss Re Financial Products
      Corporation

                   
      55 East 52nd
      Street

    New
      York, New York
      10055

    Attention:
      Legal
      Department

    Facsimile
      No.: (212)
      317-5474

     

    Address
      for notices or communications
      to Party B:

     

    Address:                Citibank,
      N.A.

    388
      Greenwich Street, 14th
      Floor

    New
      York, NY 10013

    Attn:
      Account Manager/CMLTI
      2007-6

    Phone:
      212-816-5680

    Fax:
      212-816-5527

    

    (For
      all
      purposes)

     

    (b)           Process
      Agent.  For the purpose of Section 13(c):

     

    Party
      A
      appoints as its Process Agent:  Not applicable.

     

    Party
      B
      appoints as its Process Agent:  Not applicable.

     

    
      	
              (c)

            	
              Offices.  The
                provisions of Section 10(a) will apply to this Agreement; neither
                Party A
                nor Party B has any Offices other than as set forth in the Notices
                Section.

            

    

     

    
      	
              (d)

            	
              Multibranch
                Party.  For the purpose of Section 10(c) of this
                Agreement:

            

    

     

    Party
      A is not a Multibranch
      Party.

     

    
      	
               

            	
              Party
                B is not a Multibranch Party.

            

    

     

    
      	
              (e)

            	
              Calculation
                Agent.  The Calculation Agent is Party A; provided,
                however, that if an Event of Default shall have occurred with respect
                to
                Party A, Party B shall have the right to appoint as Calculation Agent
                a
                third party, reasonably acceptable to Party A, the cost for which
                shall be
                borne by Party A.

            

    

     

    (f)           Credit
      Support Document.

     

    
      	
               

            	
              Party
                A:

            	
              The
                Credit Support Annex and any guarantee in support of Party A’s obligations
                under this Agreement.

            

    

     

    
      	
               

            	
              Party
                B:

            	
              The
                Credit Support Annex, solely in respect of Party B’s obligations under
                Paragraph 3(b) of the Credit Support
                Annex.

            

    

     

    
      	
              (g)

            	
              Credit
                Support Provider.

            

    

     

    
      	
               

            	
              Party
                A:

            	
              The
                guarantor under any guarantee in support of Party A’s obligations under
                this Agreement.

            

    

     

    
      	
               

            	
              Party
                B:

            	
              None.

            

    

     

    
      	
              (h)

            	
              Governing
                Law.  The parties to this Agreement hereby agree that
                the law of the State of New York shall govern their rights and duties
                in
                whole, without regard to the conflict of law provisions thereof other
                than
                New York General Obligations Law Sections 5-1401 and
                5-1402.

            

    

     

    
      	
              (i)

            	
              Netting
                of Payments.  The parties agree that subparagraph (ii)
                of Section 2(c) will apply to each Transaction
                hereunder.

            

    

     

    
      	
              (j)

            	
              Affiliate.  “Affiliate”
                shall have the meaning assigned thereto in Section 14; provided,
                however,
                that Party B shall be deemed to have no Affiliates for purposes of
                this
                Agreement, including for purposes of Section
                6(b)(ii).

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Part
      5.  Other Provisions.

     

    
      	
              (a)

            	
              Definitions.
                Unless otherwise specified in a Confirmation, this Agreement
                and
                each Transaction under this Agreement are subject to the 2000 ISDA
                Definitions as published and copyrighted in 2000 by the International
                Swaps and Derivatives Association, Inc. (the
                “Definitions”), and will be governed in all relevant
                respects by the provisions set forth in the Definitions, without
                regard to
                any amendment to the Definitions subsequent to the date
                hereof.  The provisions of the Definitions are hereby
                incorporated by reference in and shall be deemed a part of this Agreement,
                except that (i) references in the Definitions to a “Swap Transaction”
                shall be deemed references to a “Transaction” for purposes of this
                Agreement, and (ii) references to a “Transaction” in this Agreement shall
                be deemed references to a “Swap Transaction” for purposes of the
                Definitions. Each term capitalized but not defined in this Agreement
                shall
                have the meaning assigned thereto in the Pooling and Servicing
                Agreement.

            

    

     

    (b)           Amendments
      to ISDA Master Agreement.

     

    
      	
               

            	
              (i)

            	
              Single
                Agreement.  Section 1(c) is hereby amended by the
                adding the words “including, for the avoidance of doubt, the Credit
                Support Annex”  after the words “Master
                Agreement”.

            

      	 	 	 

      	 	
              (ii)

            	
              Conditions
                Precedent.  Section
                2(a)(iii) is hereby amended by adding the following at the end
                thereof:

            

    

     

    Notwithstanding
      anything to the contrary in Section 2(a)(iii)(1), if an Event of Default with
      respect to Party B or Potential Event of Default with respect to Party B has
      occurred and been continuing for more than 30 Local Business Days and no Early
      Termination Date in respect of the Affected Transactions has occurred or been
      effectively designated by Party A, the obligations of Party A under Section
      2(a)(i) shall cease to be subject to the condition precedent set forth in
      Section 2(a)(iii)(1) with respect to such specific occurrence of such Event
      of
      Default or such Potential Event of Default (the “Specific
      Event”); provided, however, for the avoidance of doubt, the obligations
      of Party A under Section 2(a)(i) shall be subject to the condition precedent
      set
      forth in Section 2(a)(iii)(1) (subject to the foregoing) with respect to any
      subsequent occurrence of the same Event of Default with respect to Party B
      or
      Potential Event of Default with respect to Party B after the Specific Event
      has
      ceased to be continuing and with respect to any occurrence of any other Event
      of
      Default with respect to Party B or Potential Event of Default with respect
      to
      Party B that occurs subsequent to the Specific Event.

     

    
      	
               

            	
              (iii)

            	
              Change
                of Account.  Section 2(b) is hereby amended by the
                addition of the following after the word “delivery” in the first line
                thereof:

            

    

     

    “to
      another account in the same legal and tax jurisdiction as the original
      account”.

     

    
      	
               

            	
              (iv)

            	
              Representations.  Section
                3 is hereby amended by adding at the end thereof the following subsection
                (g):

            

    

     

    
      	
               

            	
              “(g)

            	
              Relationship
                Between Parties.

            

    

     

    
      	
               

            	
              (1)

            	
              Nonreliance.  (i)
                It is not relying on any statement or representation of the other
                party
                regarding the Transaction (whether written or oral), other than the
                representations expressly made in this Agreement or the Confirmation
                in
                respect of that Transaction and (ii) it has consulted with its own
                legal,
                regulatory, tax, business, investment, financial and accounting advisors
                to the extent it has deemed necessary, and it has made its own investment,
                hedging and trading decisions based upon its own judgment and upon
                any
                advice from such advisors as it has deemed necessary and not upon
                any view
                expressed by the other party.

            

    

     

    
      	
               

            	
              (2)

            	
              Evaluation
                and Understanding.  (i) It has the capacity to evaluate
                (internally or through independent professional advice) the Transaction
                and has made its own decision to enter into the Transaction and (ii)
                It
                understands the terms, conditions and risks of the Transaction and
                is
                willing and able to accept those terms and conditions and to assume
                those
                risks, financially and otherwise. 

            

    

     

    
      	
               

            	
              (3)

            	
              Purpose.  It
                is entering into the Transaction for the purposes of managing its
                borrowings or investments, hedging its underlying assets or liabilities
                or
                in connection with a line of
                business.

            

    

     

    
      	
               

            	
              (4)

            	
              Status
                of Parties.  The other party is not acting as an agent,
                fiduciary or advisor for it in respect of the
                Transaction.

            

    

     

    
      	
               

            	
              (5)

            	
              Eligible
                Contract Participant.  It is an “eligible swap participant” as
                such term is defined in, Section 35.1(b)(2) of the regulations (17
                C.F.R.
                35) promulgated under, and an “eligible contract participant” as defined
                in Section 1(a)(12) of the Commodity Exchange Act, as
                amended.”

            

    

     

    
      	
               

            	
              (v)

            	
              Transfer
                to Avoid Termination Event.  Section 6(b)(ii) is hereby
                amended by (i) deleting the words “or if a Tax Event Upon Merger occurs
                and the Burdened Party is the Affected Party,” and (ii) by deleting the
                words “to transfer” and inserting the words “to effect a Permitted
                Transfer” in lieu thereof.

            

    

     

    
      	
               

            	
              (vi)

            	
              Jurisdiction.
                Section 13(b) is hereby amended by: (i) deleting in the
                second
                line of subparagraph (i) thereof the word "non-", (ii) deleting “; and”
                from the end of subparagraph 1 and inserting “.” in lieu thereof, and
                (iii) deleting the final paragraph
                thereof.

            

    

     

    
      	
               

            	
              (vii)

            	
              Local
                Business Day.  The definition of Local Business Day in
                Section 14 is hereby amended by the addition of the words “or any Credit
                Support Document” after “Section 2(a)(i)” and the addition of the words
                “or Credit Support Document” after
                “Confirmation”.

            

    

     

    
      	
              (c)

            	
              Additional
                Termination Events.  The following Additional
                Termination Events will apply:

            

    

     

    
      	
                  
                (i)

            	
              First
                Rating Trigger Collateral.  If (A) it is not the case
                that a Moody’s Second Trigger Ratings Event has occurred and been
                continuing for 30 or more Local Business Days and (B) Party A has
                failed
                to comply with or perform any obligation to be complied with or performed
                by Party A in accordance with the Credit Support Annex, then an Additional
                Termination Event shall have occurred with respect to Party A and
                Party A
                shall be the sole Affected Party with respect to such Additional
                Termination Event.

            

    

     

    
      	
                  
                (ii)

            	
              Second
                Rating Trigger Replacement.  If (A) a Required Ratings
                Downgrade Event has occurred and been continuing for 30 or more Local
                Business Days and (B) (i) at least one Eligible Replacement has made
                a
                Firm Offer to be the transferee of all of Party A’s rights and obligations
                under this Agreement (and such Firm Offer remains an offer that will
                become legally binding upon such Eligible Replacement upon acceptance
                by
                the offeree) and/or (ii) an Eligible Guarantor has made a Firm Offer
                to
                provide an Eligible Guarantee (and such Firm Offer remains an offer
                that
                will become legally binding upon such Eligible Guarantor immediately
                upon
                acceptance by the offeree), then an Additional Termination Event
                shall
                have occurred with respect to Party A and Party A shall be the sole
                Affected Party with respect to such Additional Termination
                Event.

            

    

     

    
      	
               

            	
              (iii)

            	
              Reserved.

            

    

     

    
      	
               

            	
              (iv)

            	
              Provision
                of Information Required by Regulation AB. Party A shall fail to
                comply with the provisions of Part 5(e) upon the occurrence of a
                Swap
                Disclosure Event.  For all purposes of this Agreement, Party A
                shall be the sole Affected Party with respect to such Additional
                Termination Event.

            

    

     

    
      	
               

            	
              (v)

            	
              Optional
                Termination of the Securitization.  If, at any time,
                the Terminator purchases the Mortgage Loans pursuant to Section 9.01
                of
                the Pooling and Servicing Agreement, then an Additional Termination
                Event
                shall have occurred and Party B shall be the sole Affected Party
                with
                respect thereto; provided, however, that notwithstanding Section
                6(b)(iv)
                of the Master Agreement, only Party B shall have the right to designate
                an
                Early Termination Date in respect of this Additional Termination
                Event;
                provided, further, that the Early Termination Date shall not be prior
                to
                the Optional Termination Date.

            

    

     

    
      	
              (d)

            	
              Required
                Ratings Downgrade Event.  In the event that a
                “Required Ratings Downgrade Event” shall occur and be
                continuing, then Party A shall, as soon as reasonably practicable,
                at its
                own expense, using commercially reasonable efforts, procure either
                (A) a
                Permitted Transfer or (B) an Eligible Guarantee from an Eligible
                Guarantor.

            

    

     

    
      	
              (e)

            	
              Compliance
                with Regulation AB. (i) For purposes of Item 1115 of Subpart
                229.1100 – Asset Backed Securities (Regulation AB) (17 C.F.R.
                ss.ss.229.1100 – 229.1123) (“Regulation AB”) under the Securities Act of
                1933, as amended, and the Securities Exchange Act of 1934, as amended
                (the
                “Exchange Act”), as amended and interpreted by the Securities and Exchange
                Commission and its staff, if the Depositor or Party B makes a
                determination, acting reasonably and in good faith, that (x) the
                applicable “significance percentage” with respect to this Agreement has
                been reached, and (y) it has a reporting obligation under the Exchange
                Act
                (a “Swap Disclosure Event”), then Party A shall (or shall cause its Credit
                Support Provider to), within ten (10) calendar days after notice
                to that
                effect, at its sole expense, take one of the following actions: (1)
                provide (including, if permitted by Regulation AB, provision by reference
                to reports filed pursuant to the Exchange Act or otherwise publicly
                available information): (A) the financial data required by Item 301
                of
                Regulation S–K (17 C.F.R. §229.301), pursuant to Item 1115(b)(1); (B)
                financial statements meeting the requirements of Regulation S–X (17 C.F.R.
                §§210.1–01 through 210.12–29, but excluding 17 C.F.R. ss. 210.3–05 and
                Article 11 of Regulation S–X (17 C.F.R. ss. ss. 210.11–01 through
                210.11–03)), pursuant to Item 1115(b)(2); or (C) such other financial
                information as may at the time be required or permitted to be provided
                in
                satisfaction of the requirements of Item 1115(b), together with
                accountants consents and/or a procedure letter relating thereto;
                or (2)
                secure by Permitted Transfer an Approved Replacement that is able
                to
                comply with the requirements of Item 1115(b) of Regulation AB to
                replace
                Party A as party to this Agreement, on substantially similar terms,
                the
                debt rating of which entity (or credit support provider therefor)
                meets or
                exceeds the applicable requirements of the applicable Rating
                Agencies.

            

    

     

    (ii)  For
      so long as the aggregate significance percentage is 10% or more, Party A shall
      (or shall cause its Credit Support Provider to) provide any updates to the
      information provided pursuant to clause (i)(1) above to the Depositor within
      five (5) Business Days  following availability thereof (but in no
      event more than 45 days after the end of each of Party A’s Credit Support
      Provider’s fiscal half for any half-year update, and in no event more than 90
      days after the end of each of Party A’s Credit Support Provider’s fiscal year
      for any annual update).

     

    (iii)  All
      information provided pursuant to clauses (i)(1) and (ii) above (all such
      information, “Swap Financial Disclosure”) shall be in a form suitable for
      conversion to the format required for filing by the Depositor with the
      Commission via the Electronic Data Gathering and Retrieval System
      (EDGAR).  In addition, any such information, if audited, shall be
      accompanied by any necessary auditor’s consents or, if such information is
      unaudited, shall be accompanied by an appropriate agreed-upon procedures letter
      from Party A’s accountants.  If permitted by Regulation AB, any such
      information may be provided by reference to or incorporation by reference from
      reports filed pursuant to the Exchange Act.

     

    (iv)  Third
      Party Beneficiary.   The Depositor shall be an express third
      party beneficiary of this Agreement as if a party hereto to the extent of the
      Depositor’s rights explicitly specified in this Part 5(e).

     

    
      	
              (f)

            	
              Transfers.

            

    

     

    (i)           
      Section 7 is hereby amended to read in its entirety as follows:

     

    “Except
      with respect to any Permitted Transfer pursuant to Section 6(b)(ii), Part 5(d),
      Part 5(e), or the succeeding sentence, neither Party A nor Party B is permitted
      to assign, novate or transfer (whether by way of security or otherwise) as
      a
      whole or in part any of its rights, obligations or interests under the Agreement
      or any Transaction unless (a) the prior written consent of the other party
      is
      obtained, and (b) prior written notice to the Rating Agencies has been
      provided.  At any time at which no Relevant Entity has credit ratings
      at least equal to the Approved Ratings Threshold, Party A may make a Permitted
      Transfer.”

     

    
      	
               

            	
              (ii)

            	
              If
                an Eligible Replacement has made a Firm Offer (which remains an offer
                that
                will become legally binding upon acceptance by Party B) to be the
                transferee pursuant to a Permitted Transfer, Party B shall, at Party
                A’s
                written request and at Party A’s expense, take any reasonable steps
                required to be taken by Party B to effect such
                transfer.

            

    

     

    
      	
              (g)

            	
              Non-Recourse.  Party
                A acknowledges and agrees that, notwithstanding any provision in
                this
                Agreement to the contrary, the obligations of Party B hereunder are
                limited recourse obligations of Party B, payable solely from the
                Cap Trust
                and the proceeds thereof, in accordance with the priority of payments
                and
                other terms of the Pooling and Servicing Agreement and that Party
                A will
                not have any recourse to any of the directors, officers, agents,
                employees, shareholders or affiliates of the Party B with respect
                to any
                claims, losses, damages, liabilities, indemnities or other obligations
                in
                connection with any transactions contemplated hereby. In the event
                that
                the Cap Trust and the proceeds thereof, should be insufficient to
                satisfy
                all claims outstanding and following the realization of the account
                held
                by the Cap Trust and the proceeds thereof, any claims against or
                obligations of Party B under the ISDA Master Agreement or any other
                confirmation thereunder still outstanding shall be extinguished and
                thereafter not revive.  This provision will survive the
                termination of this Agreement.

            

    

     

    
      	
              (h)

            	
              Timing
                ofPayments by Party B upon Early
                Termination.  Notwithstanding anything to the contrary
                in Section 6(d)(ii), to the extent that all or a portion (in either
                case,
                the “Unfunded Amount”) of any amount that is calculated as being due in
                respect of any Early Termination Date under Section 6(e) from Party
                B to
                Party A will be paid by Party B from amounts other than any upfront
                payment paid to Party B by an Eligible Replacement that has entered
                a
                Replacement Transaction with Party B, then such Unfunded Amount shall
                be
                due on the next subsequent Distribution Date following the date on
                which
                the payment would have been payable as determined in accordance with
                Section 6(d)(ii), and on any subsequent Distribution Dates until
                paid in
                full (or if such Early Termination Date is the final Distribution
                Date, on
                such final Distribution Date); provided, however, that if the date
                on
                which the payment would have been payable as determined in accordance
                with
                Section 6(d)(ii) is a Distribution Date, such payment will be payable
                on
                such Distribution Date.

            

    

     

    
      	
              (i)

            	
              Rating
                Agency Notifications.  Notwithstanding any other
                provision of this Agreement, no Early Termination Date shall be
                effectively designated hereunder by Party B and no transfer of any
                rights
                or obligations under this Agreement shall be made by either party
                unless
                each Rating Agency has been given prior written notice of such designation
                or transfer.

            

    

     

    
      	
              (j)

            	
              No
                Set-off.  Except as expressly provided for in Section
                2(c), Section 6 or Part 1(f)(i)(D) hereof, and notwithstanding any
                other
                provision of this Agreement or any other existing or future agreement,
                each party irrevocably waives any and all rights it may have to set
                off,
                net, recoup or otherwise withhold or suspend or condition payment
                or
                performance of any obligation between it and the other party hereunder
                against any obligation between it and the other party under any other
                agreements.  Section 6(e) shall be amended by deleting the
                following sentence: “The amount, if any, payable in respect of an Early
                Termination Date and determined pursuant to this Section will be
                subject
                to any Set-off.”.

            

    

     

    
      	
              (k)

            	
              Amendment.  Notwithstanding
                any provision to the contrary in this Agreement, no amendment of
                either
                this Agreement or any Transaction under this Agreement shall be permitted
                by either party unless each of the Rating Agencies has been provided
                prior
                written notice of the same..

            

    

     

    
      	
              (l)

            	
              Notice
                of Certain Events or Circumstances.  Each Party agrees,
                upon learning of the occurrence or existence of any event or condition
                that constitutes (or that with the giving of notice or passage of
                time or
                both would constitute) an Event of Default or Termination Event with
                respect to such party, promptly to give the other Party and to each
                Rating
                Agency notice of such event or condition; provided that failure to
                provide
                notice of such event or condition pursuant to this Part 5(l) shall
                not
                constitute an Event of Default or a Termination
                Event.

            

    

     

    
      	
              (m)

            	
              Proceedings.  No
                Relevant Entity shall institute against, or cause any other person
                to
                institute against, or join any other person in instituting against
                Party
                B, the Cap Trust, or the trust created pursuant to the Pooling and
                Servicing Agreement in any bankruptcy, reorganization, arrangement,
                insolvency or liquidation proceedings or other proceedings under
                any
                federal or state bankruptcy or similar law for a period of one year
                (or,
                if longer, the applicable preference period) and one day following
                payment
                in full of the Certificates and any Notes.  This provision will
                survive the termination of this
                Agreement.

            

    

     

    
      	
              (n)

            	
              Cap
                Trustee Liability Limitations.  It is expressly
                understood and agreed by the parties hereto that (a) this Agreement
                is
                executed by Citibank, N.A. (“Citi”) not in its individual capacity, but
                solely as Cap Trustee under the Cap Administration Agreement in the
                exercise of the powers and authority conferred and vested in it
                thereunder; (b) Citi has been directed by the Depositor pursuant
                to the
                Cap Administration Agreement to enter into this Agreement and to
                perform
                its obligations hereunder; (c) each of the representations, undertakings
                and agreements herein made on behalf of the Cap Trust is made and
                intended
                not as personal representations of the Cap Trustee but is made and
                intended for the purpose of binding only the Cap Trust; and (d) under
                no
                circumstances shall Citi in its individual capacity be personally
                liable
                for any payments hereunder or for the breach or failure of any obligation,
                representation, warranty or covenant made or undertaken under this
                Agreement.

            

    

    

    
      	
              (o)

            	
              Severability.  If
                any term, provision, covenant, or condition of this Agreement, or
                the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable.

            

    

     

    The
      parties shall endeavor to engage in good faith negotiations to replace any
      invalid or unenforceable term, provision, covenant or condition with a valid
      or
      enforceable term, provision, covenant or condition, the economic effect of
      which
      comes as close as possible to that of the invalid or unenforceable term,
      provision, covenant or condition.

     

    
      	
              (p)

            	
              Agent
                for Party B.  Party A acknowledges that Citi, may act
                as Party B’s agent pursuant to the Cap Administration Agreement to carry
                out certain functions on behalf of Party B in respect of this
                Confirmation, and that Citi shall be entitled to give notices and
                to
                perform and satisfy the obligations of Party B hereunder on behalf
                of
                Party B.

            

    

     

    
      	
              (q)

            	
              Escrow
                Payments.  If (whether by reason of the time difference
                between the cities in which payments are to be made or otherwise)
                it is
                not possible for simultaneous payments to be made on any date on
                which
                both parties are required to make payments hereunder, either Party
                may at
                its option and in its sole discretion notify the other Party that
                payments
                on that date are to be made in escrow.  In this case deposit of
                the payment due earlier on that date shall be made by 2:00 pm (local
                time
                at the place for the earlier payment) on that date with an escrow
                agent
                selected by the notifying party, accompanied by irrevocable payment
                instructions (i) to release the deposited payment to the intended
                recipient upon receipt by the escrow agent of the required deposit
                of any
                corresponding payment payable by the other party on the same date
                accompanied by irrevocable payment instructions to the same effect
                or (ii)
                if the required deposit of the corresponding payment is not made
                on that
                same date, to return the payment deposited to the party that paid
                it into
                escrow.  The party that elects to have payments made in escrow
                shall pay all costs of the escrow
                arrangements.

            

    

     

    
      	
              (r)

            	
              Consent
                to Recording.  Each party hereto consents to the
                monitoring or recording, at any time and from time to time, by the
                other
                party of any and all communications between trading, marketing, and
                operations personnel of the parties and their Affiliates, waives
                any
                further notice of such monitoring or recording, and agrees to notify
                such
                personnel of such monitoring or
                recording.

            

    

     

    
      	
              (s)

            	
              Waiver
                of Jury Trial.  Each party waives any right it may have
                to a trial by jury in respect of any in respect of any suit, action
                or
                proceeding relating to this Agreement or any Credit Support
                Document.

            

    

     

    
      	
              (t)

            	
              Form
                of ISDA Master Agreement.  Party A and Party B hereby
                agree that the text of the body of the ISDA Master Agreement is intended
                to be the printed form of the ISDA Master Agreement (Multicurrency
–
                Crossborder) as published and copyrighted in 1992 by the International
                Swaps and Derivatives Association,
                Inc.

            

    

     

    
      	
              (u)

            	
              Payment
                Instructions.  Party A hereby agrees that, unless
                notified in writing by Party B of other payment instructions, any
                and all
                amounts payable by Party A to Party B under this Agreement shall
                be paid
                to the account specified in Item 4 of this Confirmation,
                below.

            

    

     

    
      	
              (v)

            	
              Additional
                representations.

            

    

     

    
      	
               

            	
              (i)

            	
              Representations
                of Party A.  Party A represents to Party B on the date
                on which Party A enters into each Transaction
                that:--

            

    

     

    
      	
               

            	
              (1)

            	
              Party
                A’s obligations under this Agreement rank pari passu with all of Party
                A’s
                other unsecured, unsubordinated obligations except those obligations
                preferred by operation of law.

            

    

     

    
      
        	
                 

              	
                (ii)

              	
                Capacity. Party
                  A represents to Party B on the date on which Party A enters into
                  this
                  Agreement that it is entering into the Agreement and the Transaction
                  as
                  principal and not as agent of any person.  The Cap Trustee
                  represents to Party A on the date on which the Cap Trustee executes
                  this
                  Agreement that it is executing the Agreement in its capacity as
                  Cap
                  Trustee.

              

      

    

     

    (w)           Acknowledgements.

     

    
      	
               

            	
              (i)

            	
              Substantial
                financial transactions.  Each party hereto is hereby
                advised and acknowledges as of the date hereof that the other party
                has
                engaged in (or refrained from engaging in) substantial financial
                transactions and has taken (or refrained from taking) other material
                actions in reliance upon the entry by the parties into the Transaction
                being entered into on the terms and conditions set forth herein and
                in the
                Pooling and Servicing Agreement relating to such Transaction, as
                applicable. This paragraph shall be deemed repeated on the trade
                date of
                each Transaction.

            

    

     

    
      	
               

            	
              (ii)

            	
              Bankruptcy
                Code.  Subject to Part 5(m), without limiting the
                applicability if any, of any other provision of the U.S. Bankruptcy
                Code
                as amended (the “Bankruptcy Code”) (including without limitation Sections
                362, 546, 556, and 560 thereof and the applicable definitions in
                Section
                101 thereof), the parties acknowledge and agree that all Transactions
                entered into hereunder will constitute “forward contracts” or “swap
                agreements” as defined in Section 101 of the Bankruptcy Code or “commodity
                contracts” as defined in Section 761 of the Bankruptcy Code, that the
                rights of the parties under Section 6 of this Agreement will constitute
                contractual rights to liquidate Transactions, that any margin or
                collateral provided under any margin, collateral, security, pledge,
                or
                similar agreement related hereto will constitute a “margin payment” as
                defined in Section 101 of the Bankruptcy Code, and that the parties
                are
                entities entitled to the rights under, and protections afforded by,
                Sections 362, 546, 556, and 560 of the Bankruptcy
                Code.

            

    

     

    
      	
              (x)

            	
              Limitation
                on Events of Default. Notwithstanding
                the provisions of Sections 5 and 6, if at any time and so long as
                Party B
                has satisfied in full all its payment obligations under Section 2(a)(i)
                and has at the time no future payment obligations, whether absolute
                or
                contingent, under such Section, then unless Party A is required pursuant
                to appropriate proceedings to return to Party B or otherwise returns
                to
                Party B upon demand of Party B any portion of any such payment, (a)
                the
                occurrence of an event described in Section 5(a) with respect to
                Party B
                shall not constitute an Event of Default or Potential Event of Default
                with respect to Party B as Defaulting Party and (b) Party A shall
                be
                entitled to designate an Early Termination Date pursuant to Section
                6 only
                as a result of the occurrence of a Termination Event set forth in
                either
                Section 5(b)(i) or 5(b)(ii) with respect to Party A as the Affected
                Party,
                or Section 5(b)(iii) with respect to Party A as the Burdened
                Party.  For purposes of the Transaction to which this Agreement
                relates, Party B’s only obligation under Section 2(a)(i) is to pay the
                Fixed Amount on the Fixed Amount Payer Payment
                Date.

            

    

     

    (y)           Reserved.

     

    (z)           Additional
      Definitions.

     

    As
      used
      in this Agreement, the following terms shall have the meanings set forth below,
      unless the context clearly requires otherwise:

     

    “Approved
      Ratings Threshold” means each of the S&P Approved Ratings
      Threshold and the Moody’s First Trigger Ratings Threshold.

     

    “Approved
      Replacement” means, with respect to a Market Quotation, an entity
      making such Market Quotation, which entity would satisfy conditions (a), (b),
      (c) and (d) of the definition of Permitted Transfer (as determined by Party
      B in
      its sole discretion, acting in a commercially reasonable manner) if such entity
      were a Transferee, as defined in the definition of Permitted
      Transfer.

     

    “Derivative
      Provider Trigger Event” means (i) an Event of Default with respect
      to which Party A is a Defaulting Party, (ii) a Termination Event with respect
      to
      which Party A is the sole Affected Party or (iii) an Additional Termination
      Event with respect to which Party A is the sole Affected Party.

     

    “Eligible
      Guarantee” means an unconditional and irrevocable guarantee of all
      present and future obligations (for the avoidance of doubt, not limited to
      payment obligations) of Party A or an Eligible Replacement to Party B under
      this
      Agreement that is provided by an Eligible Guarantor as principal debtor rather
      than surety and that is directly enforceable by Party B, the form and
      substance of which guarantee are provide in advance to S&P, and either (A) a
      law firm has given a legal opinion confirming that none of the guarantor’s
      payments to Party B under such guarantee will be subject to Tax collected by
      withholding or (B) such guarantee provides that, in the event that any of such
      guarantor’s payments to Party B are subject to Tax collected by withholding,
      such guarantor is required to pay such additional amount as is necessary to
      ensure that the net amount actually received by Party B (free and clear of
      any
      Tax collected by withholding) will equal the full amount Party B would have
      received had no such withholding been required.

     

    “Eligible
      Guarantor” means an entity that (A) has credit ratings from
      S&P at least equal to the S&P Approved Ratings Threshold and (B) has
      credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings
      Threshold provided, for the avoidance of doubt, that an Eligible Guarantee
      of an
      Eligible Guarantor with credit ratings below the Approved Ratings Threshold
      will
      not cause a Collateral Event (as defined in the Credit Support Annex) not to
      occur or continue.

     

    “Eligible
      Replacement” means an entity (i) that (a) has credit ratings from
      S&P at least equal to the S&P Approved Ratings Threshold and (b) has
      credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings
      Threshold, provided, for the avoidance of doubt, that an Eligible Replacement
      of
      an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
      will not cause a Collateral Event (as defined in the Credit Support Annex)
      not
      to occur or continue or (ii) the present and future obligations (for the
      avoidance of doubt, not limited to payment obligations) of which entity to
      Party
      B under this Agreement are guaranteed pursuant to an Eligible
      Guarantee.

     

    “Firm
      Offer” means (A) with respect to an Eligible Replacement, a
      quotation from such Eligible Replacement (i) in an amount equal to the actual
      amount payable by or to Party B in consideration of an agreement between Party
      B
      and such Eligible Replacement to replace Party A as the counterparty to this
      Agreement by way of novation or, if such novation is not possible, an agreement
      between Party B and such Eligible Replacement to enter into a Replacement
      Transaction (assuming that all Transactions hereunder become Terminated
      Transactions), and (ii) that constitutes an offer by such Eligible Replacement
      to replace Party A as the counterparty to this Agreement or enter a Replacement
      Transaction that will become legally binding upon such Eligible Replacement
      upon
      acceptance by Party B, and (B) with respect to an Eligible Guarantor, an offer
      by such Eligible Guarantor to provide an Eligible Guarantee that will become
      legally binding upon such Eligible Guarantor upon acceptance by the
      offeree.

     

    “Moody’s”
      means Moody’s Investors Service, Inc., or any successor thereto.

     

    “Moody’s
      First Trigger Ratings Event”means
      that
no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s First Trigger Ratings Threshold.

     

    “Moody’s
      First Trigger Ratings Threshold” means, with respect to Party A,
      the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if
      such entity has a short-term unsecured and unsubordinated debt rating from
      Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty
      rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt
      rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a
      short-term unsecured and unsubordinated debt rating or counterparty rating
      from
      Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty
      rating from Moody’s of “A1”.

     

    “Moody’s
      Second Trigger Ratings Event”means
      that
no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s Second Trigger Ratings Threshold.

     

    “Moody’s
      Second Trigger Ratings Threshold” means
      , with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has a short-term unsecured and
      unsubordinated debt rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a
      short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
      or (ii) if such entity does not have a short-term unsecured and unsubordinated
      debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating
      or counterparty rating from Moody’s of “A3”.

     

    “Permitted
      Transfer” means a transfer by novation by Party A pursuant to
      Section 6(b)(ii), Part 5(d), Part 5(e), or the second sentence of Section 7
      (as
      amended herein) to a transferee (the “Transferee”) of all, but
      not less than all, of Party A’s rights, liabilities, duties and obligations
      under this Agreement, with respect to which transfer each of the following
      conditions is satisfied:  (a) the Transferee is an Eligible
      Replacement; (b) Party A and the Transferee are both “dealers in notional
      principal contracts” within the meaning of Treasury regulations section
      1.1001-4; (c) as of the date of such transfer the Transferee would not be
      required to withhold or deduct on account of Tax from any payments under this
      Agreement or would be required to gross up for such Tax under Section
      2(d)(i)(4); (d) an Event of Default or Termination Event would not occur as
      a
      result of such transfer; (e) pursuant to a written instrument (the
“Transfer Agreement”), the Transferee acquires and assumes all
      rights and obligations of Party A under the Agreement and the relevant
      Transaction; (f) Party B shall have determined, in its sole discretion,
      acting in a commercially reasonable manner, that such Transfer Agreement is
      effective to transfer to the Transferee all, but not less than all, of Party
      A’s
      rights and obligations under the Agreement and all relevant Transactions; (g)
      Party A will be responsible for any costs or expenses incurred in connection
      with such transfer (including any replacement cost of entering into a
      replacement transaction); (h) each Rating Agency has been given prior written
      notice of such transfer; and (i) such transfer otherwise complies with the
      terms
      of the Pooling and Servicing Agreement.

     

    “Rating
      Agency” means, with respect to any date of determination, each of
      S&P and Moody’s, to the extent that each such rating agency is then
      providing a rating for any of the Citigroup Mortgage Loan Trust Inc., Mortgage
      Pass-Through Certificates, Series 2007-6 (the
“Certificates”) or any
      notes backed by the Certificates (the
“Notes”).

     

     “Relevant
      Entity” means Party A and, to the extent applicable, a guarantor
      under an Eligible Guarantee.

     

    “Replacement
      Transaction” means, with respect to any Terminated Transaction or
      group of Terminated Transactions, a transaction or group of transactions that
      (i) would have the effect of preserving for Party B the economic equivalent
      of
      any payment or delivery (whether the underlying obligation was absolute or
      contingent and assuming the satisfaction of each applicable condition precedent)
      by the parties under Section 2(a)(i) in respect of such Terminated Transaction
      or group of Terminated Transactions that would, but for the occurrence of the
      relevant Early Termination Date, have been required after that Date, and (ii)
      has terms which are substantially the same as this Agreement, including, without
      limitation, rating triggers, Regulation AB compliance, and credit support
      documentation, save for the exclusion of provisions relating to Transactions
      that are not Terminated Transaction, as determined by Party B in its sole
      discretion, acting in a commercially reasonable manner.

     

    “Required
      Ratings Downgrade Event”
      means that
      no
      Relevant Entity has credit ratings from a Swap Rating Agency at least equal
      to
      the Required Ratings Threshold for that Rating Agency.

     

    “Required
      Ratings Threshold” means each of the S&P Required Ratings
      Threshold and the Moody’s Second Trigger Ratings Threshold.

     

    “S&P”
      means Standard & Poor's Rating Services, a division of The McGraw-Hill
      Companies, Inc., or any successor thereto.

     

    “S&P
      Approved Ratings Event” means an event which
      is deemed to occur with respect to Party A on any day on which no Relevant
      Entity has current credit ratings from S&P at least equal to the S&P
      Approved Ratings Threshold.

     

    
      	
              “S&P
                Approved Ratings Threshold”  short-term unsecured and
                unsubordinated debt rating from S&P of “A-1”, or, if such entity does
                not have a short-term unsecured and unsubordinated debt rating from
                S&P, a long-term unsecured and unsubordinated debt rating or
                counterparty rating from S&P of
“A+”.

            

    

     

    “S&P
      Required Ratings Event” means an event which is deemed to occur
      with respect to Party A on any day on which no Relevant Entity has current
      credit ratings from S&P at least equal to the S&P Required Ratings
      Threshold.

     

    “S&P
      Required Ratings Threshold” means a long-term unsecured and
      unsubordinated debt rating or counterparty rating from S&P of
“BBB+”.

     

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      of this page intentionally left blank.]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.           Account
      Details and Settlement Information:

     

    

    Payments
      to Party
      A:                           JPMorgan
      Chase Bank

    ABA#
      021000021

    SWIFT:
      CHASUS33

    Account
      of: Swiss Re Financial Products

    Account
      No.: 066-911184

    

    Payments
      to Party
      B:                           Citibank,
      N.A.

    ABA#021000089

    Account
      No. 3617-2242

    Acct
      Name: Structured Finance Incoming Wire Account

    Ref:
      CMLTI 2007-6 Cap Account A/C#106599

    

    This
      Agreement may be executed in several counterparts, each of which shall be deemed
      an original but all of which together shall constitute one and the same
      instrument.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    We
      are
      very pleased to have executed this Transaction with you and we look forward
      to
      completing other transactions with you in the near future.

    

    Very
      truly yours,

    

    SWISS
      RE
      FINANCIAL PRODUCTS CORPORATION

    

    
      	 	 	 
	
              By:
                

            	 	 
	 	Name: 	 
	 	Title: 	 
	 	 	 

    

     

    

    Party
      B,
      acting through its duly authorized signatory, hereby agrees to, accepts and
      confirms the terms of the foregoing as of the date hereof.

    

    Citibank,
      N.A., not in its individual capacity, but solely as Cap Trustee on behalf of
      the
      Cap Trust with respect to the Citigroup Mortgage Loan Trust 2007-6, Mortgage
      Pass-Through Certificates, Series 2007-6

    

    
      
        	 	 	 
	
                By:
                  

              	 	 
	 	Name: 	 
	 	Title: 	 
	 	 	 

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE
      I

    

    Amortization
      Schedule, subject to No Adjustment

    

    
      	
              From
                and including

            	
              To
                but excluding

            	
              Notional
                Amount (USD)

            
	
              30-Apr-07

            	
              25-May-07

            	
              131,472,000

            
	
              25-May-07

            	
              25-Jun-07

            	
              130,098,766

            
	
              25-Jun-07

            	
              25-Jul-07

            	
              128,576,183

            
	
              25-Jul-07

            	
              25-Aug-07

            	
              126,907,205

            
	
              25-Aug-07

            	
              25-Sep-07

            	
              125,095,189

            
	
              25-Sep-07

            	
              25-Oct-07

            	
              123,143,979

            
	
              25-Oct-07

            	
              25-Nov-07

            	
              121,057,899

            
	
              25-Nov-07

            	
              25-Dec-07

            	
              118,842,659

            
	
              25-Dec-07

            	
              25-Jan-08

            	
              116,504,311

            
	
              25-Jan-08

            	
              25-Feb-08

            	
              114,107,010

            
	
              25-Feb-08

            	
              25-Mar-08

            	
              111,725,980

            
	
              25-Mar-08

            	
              25-Apr-08

            	
              109,384,937

            
	
              25-Apr-08

            	
              25-May-08

            	
              107,088,191

            
	
              25-May-08

            	
              25-Jun-08

            	
              104,835,124

            
	
              25-Jun-08

            	
              25-Jul-08

            	
              102,624,909

            
	
              25-Jul-08

            	
              25-Aug-08

            	
              100,456,733

            
	
              25-Aug-08

            	
              25-Sep-08

            	
              98,329,800

            
	
              25-Sep-08

            	
              25-Oct-08

            	
              96,243,331

            
	
              25-Oct-08

            	
              25-Nov-08

            	
              94,196,558

            
	
              25-Nov-08

            	
              25-Dec-08

            	
              92,188,729

            
	
              25-Dec-08

            	
              25-Jan-09

            	
              90,219,108

            
	
              25-Jan-09

            	
              25-Feb-09

            	
              88,286,969

            
	
              25-Feb-09

            	
              25-Mar-09

            	
              86,391,605

            
	
              25-Mar-09

            	
              25-Apr-09

            	
              84,532,318

            
	
              25-Apr-09

            	
              25-May-09

            	
              82,708,424

            
	
              25-May-09

            	
              25-Jun-09

            	
              80,919,253

            
	
              25-Jun-09

            	
              25-Jul-09

            	
              79,164,149

            
	
              25-Jul-09

            	
              25-Aug-09

            	
              77,442,465

            
	
              25-Aug-09

            	
              25-Sep-09

            	
              75,753,568

            
	
              25-Sep-09

            	
              25-Oct-09

            	
              74,096,837

            
	
              25-Oct-09

            	
              25-Nov-09

            	
              72,471,664

            
	
              25-Nov-09

            	
              25-Dec-09

            	
              70,877,449

            
	
              25-Dec-09

            	
              25-Jan-10

            	
              69,313,607

            
	
              25-Jan-10

            	
              25-Feb-10

            	
              67,779,563

            
	
              25-Feb-10

            	
              25-Mar-10

            	
              66,274,752

            
	
              25-Mar-10

            	
              25-Apr-10

            	
              64,798,619

            
	
              25-Apr-10

            	
              25-May-10

            	
              63,350,623

            
	
              25-May-10

            	
              25-Jun-10

            	
              61,930,229

            
	
              25-Jun-10

            	
              25-Jul-10

            	
              60,536,914

            
	
              25-Jul-10

            	
              25-Aug-10

            	
              59,170,167

            
	
              25-Aug-10

            	
              25-Sep-10

            	
              57,829,483

            
	
              25-Sep-10

            	
              25-Oct-10

            	
              56,514,368

            
	
              25-Oct-10

            	
              25-Nov-10

            	
              55,224,338

            
	
              25-Nov-10

            	
              25-Dec-10

            	
              53,958,919

            
	
              25-Dec-10

            	
              25-Jan-11

            	
              52,717,642

            
	
              25-Jan-11

            	
              25-Feb-11

            	
              51,500,052

            
	
              25-Feb-11

            	
              25-Mar-11

            	
              50,305,699

            
	
              25-Mar-11

            	
              25-Apr-11

            	
              49,134,142

            
	
              25-Apr-11

            	
              25-May-11

            	
              47,984,951

            
	
              25-May-11

            	
              25-Jun-11

            	
              46,857,700

            
	
              25-Jun-11

            	
              25-Jul-11

            	
              45,751,975

            
	
              25-Jul-11

            	
              25-Aug-11

            	
              44,667,368

            
	
              25-Aug-11

            	
              25-Sep-11

            	
              43,603,477

            
	
              25-Sep-11

            	
              25-Oct-11

            	
              42,559,912

            
	
              25-Oct-11

            	
              25-Nov-11

            	
              41,536,285

            
	
              25-Nov-11

            	
              25-Dec-11

            	
              40,532,221

            
	
              25-Dec-11

            	
              25-Jan-12

            	
              39,547,347

            
	
              25-Jan-12

            	
              25-Feb-12

            	
              38,581,300

            
	
              25-Feb-12

            	
              25-Mar-12

            	
              37,633,724

            
	
              25-Mar-12

            	
              25-Apr-12

            	
              36,704,268

            
	
              25-Apr-12

            	
              25-May-12

            	
              35,792,589

            
	
              25-May-12

            	
              25-Jun-12

            	
              34,961,214

            
	
              25-Jun-12

            	
              25-Jul-12

            	
              34,146,556

            
	
              25-Jul-12

            	
              25-Aug-12

            	
              33,348,292

            
	
              25-Aug-12

            	
              25-Sep-12

            	
              32,566,105

            
	
              25-Sep-12

            	
              25-Oct-12

            	
              31,799,687

            
	
              25-Oct-12

            	
              25-Nov-12

            	
              31,048,731

            
	
              25-Nov-12

            	
              25-Dec-12

            	
              30,312,941

            
	
              25-Dec-12

            	
              25-Jan-13

            	
              29,592,023

            
	
              25-Jan-13

            	
              25-Feb-13

            	
              28,885,691

            
	
              25-Feb-13

            	
              25-Mar-13

            	
              28,193,662

            
	
              25-Mar-13

            	
              25-Apr-13

            	
              27,515,660

            
	
              25-Apr-13

            	
              25-May-13

            	
              26,851,414

            
	
              25-May-13

            	
              25-Jun-13

            	
              26,220,163

            
	
              25-Jun-13

            	
              25-Jul-13

            	
              25,601,870

            
	
              25-Jul-13

            	
              25-Aug-13

            	
              24,996,285

            
	
              25-Aug-13

            	
              25-Sep-13

            	
              24,403,157

            
	
              25-Sep-13

            	
              25-Oct-13

            	
              23,822,244

            
	
              25-Oct-13

            	
              25-Nov-13

            	
              23,253,306

            
	
              25-Nov-13

            	
              25-Dec-13

            	
              22,696,110

            
	
              25-Dec-13

            	
              25-Jan-14

            	
              22,150,425

            
	
              25-Jan-14

            	
              25-Feb-14

            	
              21,616,025

            
	
              25-Feb-14

            	
              25-Mar-14

            	
              21,092,691

            
	
              25-Mar-14

            	
              25-Apr-14

            	
              20,580,205

            
	
              25-Apr-14

            	
              25-May-14

            	
              20,078,354

            
	
              25-May-14

            	
              25-Jun-14

            	
              19,622,410

            
	
              25-Jun-14

            	
              25-Jul-14

            	
              19,175,996

            
	
              25-Jul-14

            	
              25-Aug-14

            	
              18,738,920

            
	
              25-Aug-14

            	
              25-Sep-14

            	
              18,310,995

            
	
              25-Sep-14

            	
              25-Oct-14

            	
              17,892,040

            
	
              25-Oct-14

            	
              25-Nov-14

            	
              17,481,873

            
	
              25-Nov-14

            	
              25-Dec-14

            	
              17,080,318

            
	
              25-Dec-14

            	
              25-Jan-15

            	
              16,687,203

            
	
              25-Jan-15

            	
              25-Feb-15

            	
              16,302,359

            
	
              25-Feb-15

            	
              25-Mar-15

            	
              15,925,619

            
	
              25-Mar-15

            	
              25-Apr-15

            	
              15,556,821

            
	
              25-Apr-15

            	
              25-May-15

            	
              15,195,805

            
	
              25-May-15

            	
              25-Jun-15

            	
              14,873,237

            
	
              25-Jun-15

            	
              25-Jul-15

            	
              14,557,307

            
	
              25-Jul-15

            	
              25-Aug-15

            	
              14,247,879

            
	
              25-Aug-15

            	
              25-Sep-15

            	
              13,944,824

            
	
              25-Sep-15

            	
              25-Oct-15

            	
              13,648,012

            
	
              25-Oct-15

            	
              25-Nov-15

            	
              13,357,319

            
	
              25-Nov-15

            	
              25-Dec-15

            	
              13,072,620

            
	
              25-Dec-15

            	
              25-Jan-16

            	
              12,793,796

            
	
              25-Jan-16

            	
              25-Feb-16

            	
              12,520,727

            
	
              25-Feb-16

            	
              25-Mar-16

            	
              12,253,297

            
	
              25-Mar-16

            	
              25-Apr-16

            	
              11,991,394

            
	
              25-Apr-16

            	
              25-May-16

            	
              11,734,905

            
	
              25-May-16

            	
              25-Jun-16

            	
              11,509,291

            
	
              25-Jun-16

            	
              25-Jul-16

            	
              11,287,989

            
	
              25-Jul-16

            	
              25-Aug-16

            	
              11,070,915

            
	
              25-Aug-16

            	
              25-Sep-16

            	
              10,857,989

            
	
              25-Sep-16

            	
              25-Oct-16

            	
              10,649,133

            
	
              25-Oct-16

            	
              25-Nov-16

            	
              10,444,268

            
	
              25-Nov-16

            	
              25-Dec-16

            	
              10,243,252

            
	
              25-Dec-16

            	
              25-Jan-17

            	
              10,046,013

            
	
              25-Jan-17

            	
              25-Feb-17

            	
              9,845,590

            
	
              25-Feb-17

            	
              25-Mar-17

            	
              9,642,501

            
	
              25-Mar-17

            	
              25-Apr-17

            	
              9,442,526

            
	
              25-Apr-17

            	
              25-May-17

            	
              9,246,257

            
	
              25-May-17

            	
              25-Jun-17

            	
              9,053,905

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Annex
      A

    

    Paragraph
      13 of the Credit Support Annex

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    ANNEX
      A

    

    ISDA®

    CREDIT
      SUPPORT ANNEX

    to
      the
      Schedule to the

    ISDA
      Master Agreement

    dated
      as
      of  April 30, 2007, between

    Swiss
      Re
      Financial Products Corporation (hereinafter referred to as “Party
      A” or “Pledgor”)

    and

    Citibank,
      N.A., not in its individual capacity, but solely as cap trustee (the “Cap
      Trustee”) on behalf of the cap trust (the “Cap Trust”) with respect to the
      Citigroup Mortgage Loan Trust 2007-6, Mortgage Pass-Through Certificates, Series
      2007-6 (hereinafter referred to as “Party B” or
“Secured Party”).

     

    

    For
      the
      avoidance of doubt, and notwithstanding anything to the contrary that may be
      contained in the Agreement, this Credit Support Annex shall relate solely to
      the
      Transaction documented in the Confirmation dated April 30, 2007, between Party
      A
      and Party B, Reference Number SRFP reference # 1438296

    

     

    Paragraph
      13.  Elections and Variables.

     

    
      	
              (a)  

            	
              Security
                Interest for “Obligations”.  The term
                “Obligations” as used in this
                Annex includes the following additional
                obligations:

            

    

     

    With
      respect to Party A: not applicable.

     

    With
      respect to Party B: not applicable.

     

    
      	
              (b)  

            	
              Credit
                Support Obligations.

            

    

     

    
      	
              (i)  

            	
              Delivery
                Amount, Return Amount and Credit Support
                Amount.

            

    

     

    
      	
              (A)  

            	
              “Delivery
                Amount” has the meaning specified in
                Paragraph 3(a) as amended (I) by deleting the words “upon a demand made by
                the Secured Party on or promptly following a Valuation Date” and inserting
                in lieu thereof the words “not later than the close of business on each
                Valuation Date” and (II) by deleting in its entirety the sentence
                beginning “Unless otherwise specified in Paragraph 13” and ending “(ii)
                the Value as of that Valuation Date of all Posted Credit Support
                held by
                the Secured Party.” and inserting in lieu thereof the
                following:

            

    

     

    The
      “Delivery Amount” applicable to the
      Pledgor for any Valuation Date will equal the greatest of:

     

    
      	
              (1)  

            	
              the
                amount by which (a) the S&P Credit Support Amount for such Valuation
                Date exceeds (b) the S&P Value as of such Valuation Date of all Posted
                Credit Support held by the Secured
                Party,

            

    

     

    
      	
              (2)  

            	
              the
                amount by which (a) the Moody’s First Trigger Credit Support Amount for
                such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such
                Valuation Date of all Posted Credit Support held by the Secured Party,
                and

            

    

     

    
      	
              (3)  

            	
              the
                amount by which (a) the Moody’s Second Trigger Credit Support Amount for
                such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of
                such Valuation Date of all Posted Credit Support held by the Secured
                Party.

            

    

     

    
      	
              (B)  

            	
              “Return
                Amount” has the meaning specified in Paragraph 3(b) as
                amended by deleting in its entirety the sentence beginning “Unless
                otherwise specified in Paragraph 13” and ending “(ii) the Credit Support
                Amount.” and inserting in lieu thereof the
                following:

            

    

     

    The
      “Return Amount” applicable to the Secured Party for
      any Valuation Date will equal the least of

     

    
      	
              (1)  

            	
              the
                amount by which (a) the S&P Value as of such Valuation Date of all
                Posted Credit Support held by the Secured Party exceeds (b) the S&P
                Credit Support Amount for such Valuation
                Date,

            

    

     

    
      	
              (2)  

            	
              the
                amount by which (a) the Moody’s First Trigger Value as of such Valuation
                Date of all Posted Credit Support held by the Secured Party exceeds
                (b)
                the Moody’s First Trigger Credit Support Amount for such Valuation Date,
                and

            

    

     

    
      	
              (3)  

            	
              the
                amount by which (a) the Moody’s Second Trigger Value as of such Valuation
                Date of all Posted Credit Support held by the Secured Party exceeds
                (b)
                the Moody’s Second Trigger Credit Support Amount for such Valuation
                Date.

            

    

     

    
      	
              (C)  

            	
              “Credit
                Support Amount” of Paragraph 3 shall not
                apply.  For purposes of calculating any Delivery Amount or
                Return Amount pursuant to Paragraphs 13(b)(i)(A) or 13(b)(i)(B) above
                for
                any Valuation Date, reference shall be made to the S&P Credit Support
                Amount, the Moody’s First Trigger Credit Support Amount, or the Moody’s
                Second Trigger Credit Support Amount, in each case for such Valuation
                Date.

            

    

     

    
      	
              (ii)  

            	
              Eligible
                Collateral.

            

    

     

    On
      any
      date, the items set forth on the schedule of Eligible Collateral attached as
      Schedule A hereto will qualify as “Eligible
      Collateral” (for the avoidance of doubt, all Eligible Collateral
      to be denominated in USD):

     

    
      	
              (iii)  

            	
              Other
                Eligible Support.

            

    

     

    The
      following items will qualify as “Other Eligible
      Support” for the party specified:

     

    Not
      applicable.

     

    
      	
              (iv)  

            	
              Threshold.

            

    

     

    
      	
              (A)  

            	
              “Independent
                Amount” means zero with respect to Party A and Party
                B.

            

    

     

    
      	
              (B)  

            	
              “Threshold”
                means, with respect to Party A and any Valuation Date, zero if (i)
                a
                Collateral Event has occurred and has been continuing (x) for at
                least 30
                days or (y) since this Annex was executed, or (ii) a Required Ratings
                Downgrade Event has occurred and is continuing; otherwise,
                infinity.

            

    

     

    “Threshold”
      means, with respect to Party B and any Valuation Date, infinity.

     

    
      	
              (C)  

            	
              “Minimum
                Transfer Amount” means USD 100,000 with respect to Party A
                and Party B; provided, however, that if the aggregate Certificate
                Principal Balance and note principal balance of Certificates and
                Notes
                rated by S&P ceases to be more than USD 50,000,000, the
                “Minimum Transfer Amount” shall be USD
                50,000.

            

    

     

    
      	
              (D)  

            	
              Rounding:
                The Delivery Amount will be rounded up to the nearest integral multiple
                of
                USD 10,000. The Return Amount will be rounded down to the nearest
                integral
                multiple of USD 10,000.

            

    

     

    
      	
              (c)  

            	
              Valuation
                and Timing.

            

    

     

    
      	
              (i)  

            	
              “Valuation
                Agent” means Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to which Party A is the
                Defaulting Party, Party B shall have the right to designate as Valuation
                Agent an independent party, reasonably acceptable to Party A, the
                cost for
                which shall be borne by Party A.  All calculations by the
                Valuation Agent must be made in accordance with standard market practice,
                including, in the event of a dispute as to the Value of any Eligible
                Credit Support or Posted Credit Support, by making reference to quotations
                received by the Valuation Agent from one or more Pricing
                Sources.

            

    

     

    
      	
              (ii)  

            	
              “Valuation
                Date” means (A) the first Local Business Day in each week
                on
                which any of the S&P Credit Support Amount, the Moody’s First Trigger
                Credit Support Amount or the Moody’s Second Trigger Credit Support Amount
                is greater than zero, and (B), if no Relevant Entity has a long-term
                unsubordinated and unsecured debt rating of at least BBB+ from S&P,
                also the last Local Business Day in each calendar
                month.

            

    

     

    
      	
              (iii)  

            	
              “Valuation
                Time” means the close of business in the city of the
                Valuation Agent on the Local Business Day immediately preceding the
                Valuation Date or date of calculation, as applicable; provided
                that the calculations of Value and Exposure will be made as of
                approximately the same time on the same date.  The Valuation
                Agent will notify each party (or the other party, if the Valuation
                Agent
                is a party) of its calculations not later than the Notification Time
                on
                the applicable Valuation Date (or in the case of Paragraph 6(d),
                the Local
                Business Day following the day on which such relevant calculations
                are
                performed).”

            

    

     

    
      	
              (iv)  

            	
              “Notification
                Time” means 11:00 a.m., New York time, on a Local Business
                Day.

            

    

     

    
      	
              (v)  

            	
              External
                Verification.  Notwithstanding anything to the
                contrary in the definitions of Valuation Agent or Valuation Date,
                at any
                time at which Party A (or, to the extent applicable, its Credit Support
                Provider) does not have a long-term unsubordinated and unsecured
                debt
                rating of at least “BBB+” from S&P, the Valuation Agent shall (A)
                calculate the Secured Party’s Exposure and the S&P Value of Posted
                Credit Support on each Valuation Date based on internal marks and
                (B)
                verify such calculations with external marks monthly by obtaining
                on the
                last Local Business Day of each calendar month two external marks
                for each
                Transaction to which this Annex relates and for all Posted Credit
                Support;
                such verification of the Secured Party’s Exposure shall be based on the
                higher of the two external marks.  Each external mark in respect
                of a Transaction shall be obtained from an independent Reference
                Market-maker that would be eligible and willing to enter into such
                Transaction in the absence of the current derivative provider, provided
                that an external mark may not be obtained from the same Reference
                Market-maker more than four times in any 12-month period.  The
                Valuation Agent shall obtain these external marks directly or through
                an
                independent third party, in either case at no cost to Party
                B.  The Valuation Agent shall calculate on each Valuation Date
                (for purposes of this paragraph, the last Local Business Day in each
                calendar month referred to above shall be considered a Valuation
                Date) the
                Secured Party’s Exposure based on the greater of the Valuation Agent’s
                internal marks and the external marks received.  If the S&P
                Value on any such Valuation Date of all Posted Credit Support then
                held by
                the Secured Party is less than the S&P Credit Support Amount on such
                Valuation Date (in each case as determined pursuant to this paragraph),
                Party A shall, within three Local Business Days of such Valuation
                Date,
                Transfer to the Secured Party Eligible Credit Support having an S&P
                Value as of the date of Transfer at least equal to such
                deficiency.

            

    

     

    
      	
              (vi)  

            	
              Notice
                to S&P.  At any time at which Party A (or, to
                the extent applicable, its Credit Support Provider) does not have
                a
                long-term unsubordinated and unsecured debt rating of at least “BBB+” from
                S&P, the Valuation Agent shall provide to S&P not later than the
                Notification Time on the Local Business Day following each Valuation
                Date
                its calculations of the Secured Party’s Exposure and the S&P Value of
                any Eligible Credit Support or Posted Credit Support for that Valuation
                Date.  The Valuation Agent shall also provide to S&P any
                external marks received pursuant to the preceding
                paragraph.

            

    

     

    
      	
              (d)  

            	
              Conditions
                Precedent and Secured Party’s Rights and
                Remedies.  The following Termination Events will
                be a “Specified Condition” for the party
                specified (that party being the Affected Party if the Termination
                Event
                occurs with respect to that party):  With respect to Party A:
                any Additional Termination Event with respect to which Party A is
                the sole
                Affected Party.  With respect to Party B:
                None.

            

    

     

    
      	
              (e)  

            	
              Substitution.

            

    

     

    
      	
              (i)  

            	
              “Substitution
                Date” has the meaning specified in Paragraph
                4(d)(ii).

            

    

     

    
      	
              (ii)  

            	
              Consent.  If
                specified here as applicable, then the Pledgor must obtain the Secured
                Party’s consent for any substitution pursuant to Paragraph
                4(d):  Inapplicable.

            

    

     

    
      	
              (f)  

            	
              Dispute
                Resolution.

            

    

     

    
      	
              (i)  

            	
              “Resolution
                Time” means 1:00 p.m. New York time on the Local Business
                Day following the date on which the notice of the dispute is given
                under
                Paragraph 5.

            

    

     

    
      	
              (ii)  

            	
              Value.  Notwithstanding
                anything to the contrary in Paragraph 12, for the purpose of Paragraphs
                5(i)(C) and 5(ii), the S&P Value, the Moody’s First Trigger Value, and
                the Moody’s Second Trigger Value, on any date, of Eligible Collateral
                other than Cash will be calculated as
                follows:

            

    

     

    For
      Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii):
      the
      sum of (A) the product of (1)(x) the bid price at the Valuation Time for such
      securities on the principal national securities exchange on which such
      securities are listed, or (y) if such securities are not listed on a national
      securities exchange, the bid price for such securities quoted at the Valuation
      Time by any principal market maker for such securities selected by the Valuation
      Agent, or (z) if no such bid price is listed or quoted for such date, the bid
      price listed or quoted (as the case may be) at the Valuation Time for the day
      next preceding such date on which such prices were available and (2) the
      applicable Valuation Percentage for such Eligible Collateral, and (B) the
      accrued interest on such securities (except to the extent Transferred to the
      Pledgor pursuant to Paragraph 6(d)(ii) or included in the applicable price
      referred to in the immediately preceding clause (A)) as of such
      date.

     

    
      	
              (iii)  

            	
              Alternative.  The
                provisions of Paragraph 5 will
                apply.

            

    

     

    
      	
              (g)  

            	
              Holding
                and Using Posted
                Collateral.

            

    

     

    
      	
              (i)  

            	
              Eligibility
                to Hold Posted Collateral; Custodians.  Party
                B (or any
                Custodian) will be entitled to hold Posted Collateral pursuant to
                Paragraph 6(b).

            

    

     

    Party
      B
      may appoint as Custodian (A) the entity then serving as Cap Trustee or (B)
      any
      entity other than the entity then serving as Cap Trustee if such other entity
      (or, to the extent applicable, its parent company or credit support provider)
      shall then have a short-term unsecured and unsubordinated debt rating from
      S&P of at least “A-1.”

     

    Initially,
      the Custodian for Party B is:  The Cap
      Trustee.

     

    
      	
              (ii)  

            	
              Use
                of Posted Collateral. The
                provisions of
                Paragraph 6(c)(i) will not apply to Party B, but the provisions of
                Paragraph 6(c)(ii) will apply to Party
                B.

            

    

     

    
      	
              (h)  

            	
              Distributions
                and Interest Amount.

            

    

     

    
      	
              (i)  

            	
              Interest
                Rate.  The “Interest
                Rate” will be the actual interest rate earned on Posted
                Collateral in the form of Cash that is held by Party B or its
                Custodian.  Posted Collateral in the form of Cash shall be
                invested in such overnight (or redeemable within two Local Business
                Days
                of demand) Permitted Investments (as defined, for the purposes of
                this Paragraph 13(h)(i), in the Pooling and Servicing Agreement)
                rated at least (x) AAAm or AAAm-G by S&P and (y) Prime-1 by Moody’s or
                Aaa by Moody’s, as directed by Party A (unless (x) an Event of Default or
                an Additional Termination Event has occurred and is
                continuing with respect to which Party A is the defaulting or
                sole Affected Party or (y) an Early Termination Date has been designated,
                in which case such Posted Collateral shall be held
                uninvested).  Gains and losses incurred in respect of any
                investment of Posted Collateral in the form of Cash in Permitted
                Investments as directed by Party A shall be for the account of Party
                A.

            

    

     

    
      	
              (ii)  

            	
              Transfer
                of Interest Amount. The Transfer of the Interest Amount will
                be made on the second Local Business Day following the end of each
                calendar month and on any other Local Business Day on which Posted
                Collateral in the form of Cash is Transferred to the Pledgor pursuant
                to
                Paragraph 3(b); provided, however, that the obligation of Party B
                to
                Transfer any Interest Amount to Party A shall be limited to the extent
                that Party B has earned and received such funds and such funds are
                available to Party B.

            

    

     

    
      	
              (iii)  

            	
              Alternative
                to Interest Amount. The provisions of Paragraph 6(d)(ii)
                will apply.

            

    

     

    
      	
              (i)  

            	
              Additional
                Representation(s).  There are no additional
                representations by either party.

            

    

     

    
      	
              (j)  

            	
              Other
                Eligible Support and Other Posted
                Support.

            

    

     

    
      	
              (i)  

            	
              “Value”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (ii)  

            	
              “Transfer”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	
              (k)  

            	
              Demands
                and Notices.All demands, specifications and notices under
                this Annex will be made pursuant to the Notices Section of this Agreement,
                except that any demand, specification or notice shall be given to
                or made
                at the following addresses, or at such other address as the relevant
                party
                may from time to time designate by giving notice (in accordance with
                the
                terms of this paragraph) to the other
                party:

            

    

     

    If
      to
      Party A, at the address specified pursuant to the Notices Section of this
      Agreement.

     

    If
      to
      Party B, at the address specified pursuant to the Notices Section of this
      Agreement.

     

    If
      to
      Party B’s Custodian:  Same as Party B

     

    
      	
              (l)  

            	
              Address
                for Transfers.  Each Transfer hereunder shall be
                made to the address specified below or to an address specified in
                writing
                from time to time by the party to which such Transfer will be
                made.

            

    

     

    Party
      A
      account
      details:                                           

    
      
        	 	
                JPMorgan
                  Chase Bank 

              	 
	 	
                SWIFT:

              	
                CHASUS33

              	 
	 	
                Account
                  of:

              	
                Swiss
                  Re Financial Products

              	 
	 	
                Account
                  No.:

              	
                066-911184

              	 
	 	
                ABA#:

              	
                021000021

              	 

      

    

     

    Party
      B’s
      Custodian account details:

    

    Wire
      Instructions:

    Citibank,
      N.A.

    ABA#021000089

    Account
      No. 3617-2242

    Acct
      Name: Structured Finance Incoming Wire Account

    Ref:
      CMLTI 2007-6 Cap Account A/C#106599

    

    Collateral
      Posting Instructions:

    

    BOOK-ENTRY
      SETTLEMENT INSTRUCTIONS: (DTC/ DTC Fast Items)

    

    Citibank
      Broker Participant Code: 0908

    Account
      #: 106599

    Account
      Name: CMLTI 2007-6 Cap Account

    Reference:
      Citibank Agency & Trust

    Contacts:
      Yanet Encarnacion 212-657-3390

    Institutional
      ID: 27797

    

    FREE
      PHYSICAL DELIVERY INSTRUCTIONS:

    

    Physical
      Address for
      Delivery:          Citibank
      N.A.

    333
      West
      34th Street, 3rd Floor

    New
      York,
      NY  10001

    Reference:
      CMLTI 2007-6

    Contact:
      Keith Whyte  212-615-8683

    

    DVP
      PHYSICAL DELIVERY INSTRUCTIONS:

    

    Physical
      Address for
      Delivery:          Citibank
      908

    DTC
      New
      York Window.

    55
      Water
      Street, 1st Floor

    New
      York,
      NY  10041

    Reference:
      CMLTI 2007-6

    Contact: Doreen
      Benson  212-855-2401

    

    
      	
              (m)  

            	
              Other
                Provisions.

            

    

     

    
      	
              (i)  

            	
              Collateral
                Account.  Party B shall open and maintain a
                segregated account, which shall be an Eligible Account (as such term
                is
                defined in the Pooling and Servicing Agreement), and hold, record
                and
                identify all Posted Collateral in such segregated
                account.

            

    

     

    
      	
              (ii)  

            	
              Agreement
                as to Single Secured Party and Single Pledgor. Party A and
                Party B hereby agree that, notwithstanding anything to the contrary
                in
                this Annex, (a) the term “Secured Party” as used in this Annex means only
                Party B, (b) the term “Pledgor” as used in this Annex means only Party A,
                (c) only Party A makes the pledge and grant in Paragraph 2, the
                acknowledgement in the final sentence of Paragraph 8(a) and the
                representations in Paragraph 9.

            

    

     

    
      	
              (iii)  

            	
              Calculation
                of Value.  Paragraph 4(c) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value,
                Moody’s First Trigger Value, Moody’s Second Trigger
                Value”.  Paragraph 4(d)(ii) is hereby amended by (A) deleting
                the words “a Value” and inserting in lieu thereof “an S&P Value,
                Moody’s First Trigger Value, and Moody’s Second Trigger Value” and (B)
                deleting the words “the Value” and inserting in lieu thereof “S&P
                Value, Moody’s First Trigger Value, and Moody’s Second Trigger
                Value”.  Paragraph 5 (flush language) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value,
                Moody’s First Trigger Value, or Moody’s Second Trigger
                Value”.  Paragraph 5(i) (flush language) is hereby amended by
                deleting the word “Value” and inserting in lieu thereof “S&P Value,
                Moody’s First Trigger Value, and Moody’s Second Trigger
                Value”.  Paragraph 5(i)(C) is hereby amended by deleting the
                word “the Value, if” and inserting in lieu thereof “any one or more of the
                S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger
                Value, as may be”.  Paragraph 5(ii) is hereby amended by (1)
                deleting the first instance of the words “the Value” and inserting in lieu
                thereof “any one or more of the S&P Value, Moody’s First Trigger
                Value, or Moody’s Second Trigger Value” and (2) deleting the second
                instance of the words “the Value” and inserting in lieu thereof “such
                disputed S&P Value, Moody’s First Trigger Value, or Moody’s Second
                Trigger Value”.  Each of Paragraph 8(b)(iv)(B) and Paragraph
                11(a) is hereby amended by deleting the word “Value” and inserting in lieu
                thereof “least of the S&P Value, Moody’s First Trigger Value, and
                Moody’s Second Trigger Value”.

            

    

     

    
      	
              (iv)  

            	
              Form
                of Annex. Party A and Party B hereby
                agree that the text of Paragraphs 1 through 12, inclusive, of this
                Annex
                is intended to be the printed form of ISDA Credit Support Annex (Bilateral
                Form - ISDA Agreements Subject to New York Law Only version) as published
                and copyrighted in 1994 by the International Swaps and Derivatives
                Association, Inc.

            

    

     

    
      	
              (v)  

            	
              Events
                of Default.  Paragraph 7 will not apply to cause
                any Event of Default to exist with respect to Party B except that
                Paragraph 7(i) will apply to Party B solely in respect of Party B’s
                obligations under Paragraph 3(b) of the Credit Support
                Annex.  Notwithstanding anything to the contrary in Paragraph 7,
                any failure by Party A to comply with or perform any obligation to
                be
                complied with or performed by Party A under the Credit Support Annex
                shall
                only be an Event of Default if (A) a Required
                Ratings
                Downgrade Event has occurred and been continuing for 30 or more Local
                Business Days, and (B) such failure is not remedied on or before
                the third
                Local Business Day after notice of such failure is given to Party
                A.

            

    

     

    
      	
              (vi)  

            	
              Expenses.  Notwithstanding
                anything to the contrary in Paragraph 10, the Pledgor will be responsible
                for, and will reimburse the Secured Party for, all transfer and other
                taxes and other costs involved in any Transfer of Eligible
                Collateral.

            

    

     

    
      	
              (vii)  

            	
              Withholding.  Paragraph
                6(d)(ii) is
                hereby amended by inserting immediately after “the Interest Amount” in the
                fourth line thereof  the words “less any applicable withholding
                taxes.”

            

    

     

    
      	
              (viii)  

            	
              Reserved.

            

      	 	 

      	
              (ix)  

            	Additional
              Definitions.  As used in this
              Annex:

    

     

    “Collateral
      Event” means that no Relevant Entity has credit
      ratings at least equal to the Approved Ratings Threshold.

     

    “DV01”
      means, with respect to a Transaction and any date of determination, the
      estimated change in the Secured Party’s Transaction Exposure with respect to
      such Transaction that would result from a one basis point change in the relevant
      swap curve on such date, as determined by the Valuation Agent in good faith
      and
      in a commercially reasonable manner.  The Valuation Agent shall, upon
      request of Party B, provide to Party B a statement showing in reasonable detail
      such calculation.

     

    “Exposure”
      has the meaning specified in Paragraph
      12, except that after the word “Agreement” the words “(assuming, for this
      purpose only, that Part 1(f) of the Schedule is deleted)” shall be
      inserted.

     

    “Local
      Business Day” means, for the purposes of this Annex: any day on
      which (A) commercial banks are open for business (including dealings in foreign
      exchange and foreign currency deposits) in New York and the location of Party
      A,
      Party B and any Custodian, and (B) in relation to a Transfer of Eligible
      Collateral, any day on which the clearance system agreed between the parties
      for
      the delivery of Eligible Collateral is open for acceptance and execution of
      settlement instructions (or in the case of a Transfer of Cash or other Eligible
      Collateral for which delivery is contemplated by other means a day on which
      commercial banks are open for business (including dealings in foreign exchange
      and foreign deposits) in New York and the location of Party A, Party B and
      any
      Custodian.

     

    “Moody’s
      First Trigger Credit Support Amount” means,
      for any Valuation Date, the excess, if any, of

     

    
      	
               

            	
              (I)

            	
              (A)

            	
              for
                any Valuation Date on which (I) a Moody’s First Trigger Ratings Event has
                occurred and has been continuing (x) for at least 30 Local Business
                Days
                or (y), since this Annex was executed and (II) it is not the case
                that a
                Moody’s Second Trigger Ratings Event has occurred and been continuing for
                at least 30 Local Business Days, an amount equal to the greater of
                (a)
                zero and (b) the sum of (i) the Secured Party’s Exposure for such
                Valuation Date and (ii) the sum, for each Transaction to which this
                Annex
                relates, of

            

    

     

    the
      least
      of (x) the product of the Moody’s First Trigger DV01 Multiplier and DV01 for
      such Transaction and such Valuation Date and (y) the product of Moody’s First
      Trigger Notional Amount Multiplier and the Notional Amount for such Transaction
      for the Calculation Period which includes such Valuation Date; and (z) the product of the
      applicable Moody’s First Trigger Factor set forth in Table 1 and the Notional
      Amount for such Transaction for the Calculation Period which includes such
      Valuation Date; or

     

    
      
        	
                 

              	 	
                
                  (B)

                

              	
                
                  for
                    any other Valuation Date, zero,
                    over

                

              

      

    

     

    
      	
               

            	
              (II)

            	
              the
                Threshold for Party A for such Valuation
                Date.

            

    

     

    “Moody’s
      First Trigger DV01 Multiplier” means 25.

     

    “Moody’s
      First Trigger Value” means, on any Valuation Date with respect to
      any Eligible Collateral other than Cash, the product of bid price obtained
      by
      the Valuation Agent multiplied by the Moody’s First Trigger Valuation Percentage
      for such Eligible Collateral set forth in Paragraph 13(b)(ii.

     

    “Moody’s
      First Trigger Notional Amount Multiplier” means 4%.

     

    “Moody’s
      Second Trigger Credit Support Amount” means, for any Valuation
      Date, the excess, if any, of:

     

    
      	
               

            	
              (I)

            	
              (A)

            	
              for
                any Valuation Date on which it is the case that a Moody’s Second Trigger
                Ratings Event has occurred and been continuing for at least 30 Local
                Business Days, an amount equal to the greatest of (a) zero, (b) the
                aggregate amount of the next payment due to be paid by Party A under
                each
                Transaction to which this Annex relates, and (c) the sum of (x) the
                Secured Party’s Exposure for such Valuation Date and (y) the sum, for each
                Transaction to which this Annex relates,
                of

            

    

     

    (1)
      if
      such Transaction is not a Transaction-Specific Hedge,

     

    [the
      lesser of (i) the product of the Moody’s Second Trigger DV01 Multiplier and DV01
      for such Transaction and such Valuation Date and (ii) the product of the Moody’s
      Second Trigger Notional Amount Multiplier and the Notional Amount for such
      Transaction for the Calculation Period which includes such Valuation Date;
      

     

    [the
      product of the applicable Moody’s Second Trigger Factor set forth in Table 2 and
      the Notional Amount for such Transaction for the Calculation Period which
      includes such Valuation Date; or

     

    (2)
      if
      such Transaction is a Transaction-Specific Hedge,

     

    [the
      lesser of (i) the product of the Moody’s Second Trigger Transaction-Specific
      Hedge DV01 Multiplier and DV01 for such Transaction and such date and (ii)
      the
      product of the Moody’s Second Trigger Transaction-Specific Hedge Notional Amount
      Multiplier and the Notional Amount for such Transaction for the Calculation
      Period which includes such Valuation Date;

     

    [the
      product of the applicable Moody’s Second Trigger Factor set forth in Table 3 and
      the Notional Amount for such Transaction for the Calculation Period which
      includes such Valuation Date;  or

     

    
      
        	
                 

              	
                 

              	
                (B)

              	
                
                  for
                    any other Valuation Date, zero,
                    over

                

              

      

    

     

    
      	
               

            	
              (II)

            	
              the
                Threshold for Party A for such Valuation
                Date.

            

    

     

    “Moody’s
      Second Trigger DV01 Multiplier” means 60.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge DV01 Multiplier” means
      75.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge Notional Amount
      Multiplier” means 11%.

     

    “Moody’s
      Second Trigger Value” means, on any Valuation Date with respect to
      any Eligible Collateral other than Cash, the product of the bid price obtained
      by the Valuation Agent multiplied by the Moody’s Second Trigger Valuation
      Percentage for such Eligible Collateral set forth in Paragraph
      13(b)(ii).

     

    “Moody’s
      Second Trigger Notional Amount Multiplier” means 9%.

     

    “Pricing
      Sources” means the sources of financial information commonly known
      as Bloomberg, Bridge Information Services, Data Resources Inc., Interactive
      Data
      Services, International Securities Market Association, Merrill Lynch Securities
      Pricing Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing,
      JJ
      Kenny, S&P and Telerate.

     

    “S&P
      Approved Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings at least equal to the S&P Approved Ratings
      Threshold.

     

    “S&P
      Credit Support Amount” means, for any Valuation Date, the excess,
      if any, of:

     

    
      	
               

            	
              (I)

            	
              (A)

            	
              for
                any Valuation Date on which (i) a S&P Approved Ratings Event has
                occurred and is continuing for at least 30 days or (ii) a S&P Required
                Ratings Downgrade Event has occurred and is continuing, an amount
                equal to
                the sum of (1) 100.0% of the Secured Party’s Exposure for such Valuation
                Date and (2) the sum, for each Transaction to which this Annex relates,
                of
                the product of the Volatility Buffer for such Transaction and the
                Notional
                Amount of such Transaction for the Calculation Period of such Transaction
                which includes such Valuation Date,
                or

            

    

     

    
      
        
          	
                   

                	
                   

                	
                  (B)

                	
                  
                    for
                      any other Valuation Date, zero,
                      over

                  

                

        

      

       

    

    
      	
               

            	
              (II)

            	
              the
                Threshold for Party A for such Valuation
                Date.

            

    

     

    “S&P
      Required Ratings Downgrade Event” means that no Relevant Entity
      has credit ratings at least equal to the S&P Required Ratings
      Threshold.

     

    “S&P
      Value” means, on any Valuation Date with respect to any Eligible
      Collateral other than Cash, the product of the (A) the bid price obtained by
      the
      Valuation Agent for such Eligible Collateral and (B) the S&P Valuation
      Percentage for such Eligible Collateral set forth in paragraph
      13(b)(ii).

     

    “Transaction
      Exposure” means, for any Transaction, Exposure determined as if
      such Transaction were the only Transaction between the Secured Party and the
      Pledgor.

     

    “Transaction-Specific
      Hedge” means any Transaction that is an interest rate cap,
      interest rate floor or interest rate swaption, or an interest rate swap if
      (x)
      the notional amount of the interest rate swap is “balance guaranteed” or (y) the
      notional amount of the interest rate swap for any Calculation Period otherwise
      is not a specific dollar amount that is fixed at the inception of the
      Transaction.

     

    “Valuation
      Percentage” shall mean, for purposes of determining the S&P
      Value, the Moody’s First Trigger Value, or the Moody’s Second Trigger Value with
      respect to  any Eligible Collateral or Posted Collateral, the
      applicable S&P Valuation Percentage, Moody’s First Trigger Valuation
      Percentage, or Moody’s Second Trigger Valuation Percentage for such Eligible
      Collateral or Posted Collateral, respectively, in each case as set forth in
      Paragraph 13(b)(ii).

     

    “Value”
      shall mean, in respect of any date, the related S&P Value, the related
      Moody’s First Trigger Value, and the related Moody’s Second Trigger
      Value.

     

    “Volatility
      Buffer” means, for any Transaction, the related percentage set
      forth in the following table.  

     

    
      	
              The
                higher of  the S&P credit rating of (i) Party A and (ii) the
                Credit Support Provider of Party A, if applicable

            	 	
              Remaining
                Weighted Average Maturity

              up
                to 3 years

            	 	
              Remaining
                Weighted Average Maturity

              up
                to 5 years

            	 	
              Remaining
                Weighted Average Maturity

              up
                to 10 years

            	 	
              Remaining
                Weighted Average Maturity

              up
                to 30 years

            
	
              At
                least “A-2”

            	 	
              2.75%

            	 	
              3.25%

            	 	
              4.00%

            	 	
              4.75%

            
	
              “A-3”

            	 	
              3.25%

            	 	
              4.00%

            	 	
              5.00%

            	 	
              6.25%

            
	
              “BB+”
                or lower

            	 	
              3.50%

            	 	
              4.50%

            	 	
              6.75%

            	 	
              7.50%

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Table
      1

     

    Moody’s
      First Trigger Factor

    (weekly
      valuation)

    

    
      	
              Remaining

              Weighted
                Average Life

              of
                Hedge in Years

            	
              Weekly

              Collateral

              Posting

            
	
              1
                or less

            	
              0.25%

            
	
              More
                than 1 but not more than 2

            	
              0.50%

            
	
              More
                than 2 but not more than 3

            	
              0.70%

            
	
              More
                than 3 but not more than 4

            	
              1.00%

            
	
              More
                than 4 but not more than 5

            	
              1.20%

            
	
              More
                than 5 but not more than 6

            	
              1.40%

            
	
              More
                than 6 but not more than 7

            	
              1.60%

            
	
              More
                than 7 but not more than 8

            	
              1.80%

            
	
              More
                than 8 but not more than 9

            	
              2.00%

            
	
              More
                than 9 but not more than 10

            	
              2.20%

            
	
              More
                than 10 but not more than 11

            	
              2.30%

            
	
              More
                than 11 but not more than 12

            	
              2.50%

            
	
              More
                than 12 but not more than 13

            	
              2.70%

            
	
              More
                than 13 but not more than 14

            	
              2.80%

            
	
              More
                than 14 but not more than 15

            	
              3.00%

            
	
              More
                than 15 but not more than 16

            	
              3.20%

            
	
              More
                than 16 but not more than 17

            	
              3.30%

            
	
              More
                than 17 but not more than 18

            	
              3.50%

            
	
              More
                than 18 but not more than 19

            	
              3.60%

            
	
              More
                than 19 but not more than 20

            	
              3.70%

            
	
              More
                than 20 but not more than 21

            	
              3.90%

            
	
              More
                than 21 but not more than 22

            	
              4.00%

            
	
              More
                than 22 but not more than 23

            	
              4.00%

            
	
              More
                than 23 but not more than 24

            	
              4.00%

            
	
              More
                than 24 but not more than 25

            	
              4.00%

            
	
              More
                than 25 but not more than 26

            	
              4.00%

            
	
              More
                than 26 but not more than 27

            	
              4.00%

            
	
              More
                than 27 but not more than 28

            	
              4.00%

            
	
              More
                than 28 but not more than 29

            	
              4.00%

            
	
              More
                than 29

            	
              4.00%

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Table
      2

     

    (Reserved)

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Table
      3

     

    Moody’s
      Second Trigger Factor for Transaction-Specific Hedges

    (weekly
      valuation)

     

    
      	
              Remaining

              Weighted
                Average Life

              of
                Hedge in Years

            	
              Weekly

              Collateral

              Posting

            
	
              1
                or less

            	
              0.75%

            
	
              More
                than 1 but not more than 2

            	
              1.50%

            
	
              More
                than 2 but not more than 3

            	
              2.20%

            
	
              More
                than 3 but not more than 4

            	
              2.90%

            
	
              More
                than 4 but not more than 5

            	
              3.60%

            
	
              More
                than 5 but not more than 6

            	
              4.20%

            
	
              More
                than 6 but not more than 7

            	
              4.80%

            
	
              More
                than 7 but not more than 8

            	
              5.40%

            
	
              More
                than 8 but not more than 9

            	
              6.00%

            
	
              More
                than 9 but not more than 10

            	
              6.60%

            
	
              More
                than 10 but not more than 11

            	
              7.00%

            
	
              More
                than 11 but not more than 12

            	
              7.50%

            
	
              More
                than 12 but not more than 13

            	
              8.00%

            
	
              More
                than 13 but not more than 14

            	
              8.50%

            
	
              More
                than 14 but not more than 15

            	
              9.00%

            
	
              More
                than 15 but not more than 16

            	
              9.50%

            
	
              More
                than 16 but not more than 17

            	
              9.90%

            
	
              More
                than 17 but not more than 18

            	
              10.40%

            
	
              More
                than 18 but not more than 19

            	
              10.80%

            
	
              More
                than 19 but not more than 20

            	
              11.00%

            
	
              More
                than 20 but not more than 21

            	
              11.00%

            
	
              More
                than 21 but not more than 22

            	
              11.00%

            
	
              More
                than 22 but not more than 23

            	
              11.00%

            
	
              More
                than 23 but not more than 24

            	
              11.00%

            
	
              More
                than 24 but not more than 25

            	
              11.00%

            
	
              More
                than 25 but not more than 26

            	
              11.00%

            
	
              More
                than 26 but not more than 27

            	
              11.00%

            
	
              More
                than 27 but not more than 28

            	
              11.00%

            
	
              More
                than 28 but not more than 29

            	
              11.00%

            
	
              More
                than 29

            	
              11.00%

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have
      executed this Annex by their duly authorized representatives as of the date
      of
      the Agreement.

     

    

    
      	
              Swiss
                Re Financial Products Corporation  

            	
              Citibank,
                N.A., not in its individual capacity, but solely as Cap Trustee on
                behalf
                of the Cap Trust with respect to the Citigroup Mortgage Loan Trust
                2007-6,
                Mortgage Pass-Through Certificates, Series 2007-6  

            
	 	 	 	 	 	 
	 	 	 	 	 	 
	By:	
               

            	 	By:	
               

            	 
	Name:	
               

            	 	Name:	
               

            	 
	Title:	 	 	Title:	 	 
	Date:	
               

            	 	Date:	
               

            	 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
A
      to
¶13(b)(ii)

     

    ELIGIBLE
      COLLATERAL and VALUATION
      PERCENTAGES

    (weekly
      valuation)

     

    
      	
              ISDA
                Collateral Asset
                Definition (ICAD)
                Code

            	
              Remaining
                Maturity in
                Years

            	
              S&P

              Valuation

              Percentage

            	
              Moody’s

              First
                Trigger
                Valuation
                Percentage

            	
              Moody’s

              Second
                Trigger

              Valuation

              Percentage

            
	
              (A)  US-CASH

            	
              N/A

            	
              100%

            	
              100%

            	
              100%

            
	
              (B)  US-TBILL

                     US-TNOTE

                     US-TBOND

              (USDollar
                Fixed Rate in all
                cases)

            	 	 	 	 
	 	
              1
                or less

            	
              98.6%

            	
              100%

            	
              100%

            
	 	
              More
                than 1 but not more than
                2

            	
              97.3%

            	
              100%

            	
              99%

            
	 	
              More
                than 2 but not more than
                3

            	
              95.8%

            	
              100%

            	
              98%

            
	 	
              More
                than 3 but not more than
                5

            	
              93.8%

            	
              100%

            	
              97%

            
	 	
              More
                than 5 but not more than
                7

            	
              91.4%

            	
              100%

            	
              95%

            
	 	
              More
                than 7 but not more than
                10

            	
              90.3%

            	
              100%

            	
              94%

            
	 	
              More
                than 10 but not more than
                20

            	
              86.9%

            	
              100%

            	
              89%

            
	 	
              More
                than
                20

            	
              84.6%

            	
              100%

            	
              87%

            
	
              (C)  US-GNMA

                     US-FNMA

                     US-FHLMC

              (USDollar
                Fixed Rate in all
                cases)

            	 	 	 	 
	 	
              1
                or less

            	
              98.0%

            	
              100%

            	
              99%

            
	 	
              More
                than 1 but not more than
                2

            	
              96.8%

            	
              100%

            	
              98%

            
	 	
              More
                than 2 but not more than
                3

            	
              96.3%

            	
              100%

            	
              97%

            
	 	
              More
                than 3 but not more than
                5

            	
              92.5%

            	
              100%

            	
              96%

            
	 	
              More
                than 5 but not more than
                7

            	
              90.3%

            	
              100%

            	
              94%

            
	 	
              More
                than 7 but not more than
                10

            	
              86.9%

            	
              100%

            	
              93%

            
	 	
              More
                than 10 but not more than
                20

            	
              81.6%

            	
              100%

            	
              88%

            
	 	
              More
                than
                20

            	
              77.9%

            	
              100%

            	
              86%

            
	
              Other
                items not listed
                above

            	 	
              0%

            	
              0%

            	
              0%

            

    

    

     

    The
      ISDA Collateral Asset Definition
      (ICAD) Codes used in this Schedule A are taken from the Collateral Asset
      Definitions (First Edition – June 2003) as published and copyrighted in 2003 by
      the International Swaps and Derivatives Association,
      Inc.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      1

     

    MORTGAGE
      LOAN SCHEDULE

     

    [Available
      Upon Request]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]