Common use of Amendment of the Sale and Servicing Agreement Clause in Contracts

Amendment of the Sale and Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to, and serviced under, the Sale and Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made: (a) The definition of “Business Day” shall be replaced with the following: “Any day other than (i) a Saturday or Sunday, (ii) a day on which the Federal Reserve is closed or (iii) a day on which banking and savings and loan institutions in the states where the parties are located and Maryland and Minnesota are authorized or obligated by law or executive order to be closed.” (b) In Section 6.2 of the Sale and Servicing Agreement, the words “5th calendar day” shall be replaced with the words “10th calendar day.” (c) Section 10.01(2) shall be amended by adding the following words at the end of such Section: “provided, further, that any failure on the part of the Servicer to deliver the the required report or certification under Sections 7.04, 7.05 and/or 7.07 shall constitute an immediate event of default.” (d) Exhibit 13 of the Sale and Servicing Agreement shall be replaced with Exhibit 7 hereto. For the avoidance of doubt, the Sale and Servicing Agreement is not hereby amended with respect to any other mortgage loans serviced thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.

Amendment of the Sale and Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to, and serviced under, the Sale and Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made: (a) The definition of “Business Day” shall be replaced with the following: “Any day other than (i) a Saturday or Sunday, (ii) a day on which the Federal Reserve is closed or (iii) a day on which banking and savings and loan institutions in the states where the parties are located and Maryland and Minnesota are authorized or obligated by law or executive order to be closed.” (b) In Section 6.2 of the Sale and Servicing Agreement, the words “5th calendar day” shall be replaced with the words “10th calendar day.” (c) Section 10.01(2) shall be amended by adding the following words at the end of such Section: “provided, further, that any failure on the part of the Servicer to deliver the the required report or certification under Sections 7.04, 7.05 and/or 7.07 shall constitute an immediate event of default.” (d) Exhibit 13 of the Sale and Servicing Agreement shall be replaced with Exhibit 7 8 hereto. For the avoidance of doubt, the Sale and Servicing Agreement is not hereby amended with respect to any other mortgage loans serviced thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.

Amendment of the Sale and Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to, and serviced under, the Sale and Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made: (a) The definition of “Business Day” shall be replaced with the following: “Any day other than (i) a Saturday or Sunday, (ii) a day on which the Federal Reserve is closed or (iii) a day on which banking and savings and loan institutions in the states where the parties are located and Maryland and Minnesota are authorized or obligated by law or executive order to be closed.” (b) In Section 6.2 6.02 of the Sale and Servicing Agreement, the words “5th calendar business day” shall be replaced with the words “10th calendar day.” (c) Sections 7.04 and 7.05 of the Sale and Servicing Agreement are hereby deleted and replaced with [Reserved]. (d) Section 10.01(2) shall be amended by adding the following words at the end of such Section: “provided, further, that the cure period for any failure on the part of the Servicer to deliver the the required report or certification under Sections 7.04, 7.05 and/or 7.07 13.04 and 13.05 shall constitute an immediate event of defaultbe 15 calendar days from March 1.” (de) Exhibit 13 of the Sale and Servicing Agreement shall be replaced with Exhibit 7 hereto. For the avoidance of doubt, the Sale and Servicing Agreement is not hereby amended with respect to any other mortgage loans serviced thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.

Amendment of the Sale and Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to, and serviced under, the Sale and Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made: (a) The definition of “Business Day” shall be replaced with the following: “Any day other than (i) a Saturday or Sunday, (ii) a day on which the Federal Reserve is closed or (iii) a day on which banking and savings and loan institutions in the states where the parties are located and Maryland and Minnesota are authorized or obligated by law or executive order to be closed.” (b) In Section 6.2 of the Sale and Servicing Agreement, the words “5th calendar day” shall be replaced with the words “10th calendar day.” (c) Section 10.01(2Sections 7.04, 7.05 and 7.07 shall be deleted and replaced with: [RESERVED] (d) Sections 13.4 and 13.5(a) shall be amended by adding replacing the following words at phrase “commencing in 2007” with the end of such Section: phrase “provided, further, that any failure on the part of the Servicer to deliver the the required report or certification under Sections 7.04, 7.05 and/or 7.07 shall constitute an immediate event of defaultcommencing in 2008”.” (de) Exhibit 13 of the Sale and Servicing Agreement shall be replaced with Exhibit 7 hereto. For the avoidance of doubt, the Sale and Servicing Agreement is not hereby amended with respect to any other mortgage loans serviced thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.