Common use of Compensation of Owner Trustee Clause in Contracts

Compensation of Owner Trustee. 19 Section 8.1 Owner Trustee's Fees and Expenses......................................................19 Section 8.2 Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment of the Certificates.........................................................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 Section 10.1 Eligibility Requirements for Owner Trustee.............................................22 Section 10.2 Resignation or Removal of Owner Trustee................................................22 Section 10.3 Successor Owner Trustee................................................................23 Section 10.4 Merger or Consolidation of Owner Trustee...............................................23 Section 10.5 Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24

Compensation of Owner Trustee. 19 Section 8.1 Owner Trustee's Fees and Expenses......................................................19 Section 8.2 Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment of the Certificates.........................................................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ ..............................................22 Section 10.1 Eligibility Requirements for Owner Trustee.............................................22 Section 10.2 Resignation or Removal of Owner Trustee................................................22 Section 10.3 Successor Owner Trustee................................................................23 Section 10.4 Merger or Consolidation of Owner Trustee...............................................23 Section 10.5 Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24

Compensation of Owner Trustee. 19 Section 8.1 8.1. Owner Trustee's Fees and Expenses......................................................19 ...................................................24 Section 8.2 8.2. Indemnification........................................................................19 .....................................................................24 Section 8.3 Payments to the Owner Trustee..........................................................20 8.3. Non-recourse Obligations............................................................25 ARTICLE IX - TERMINATION.........................................................................................20 ................................................................................25 Section 9.1 9.1. Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment of the Certificates.........................................................21 Trust............................................................25 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 ............................................................................27 Section 10.1 10.1. Eligibility Requirements for Owner Trustee.............................................22 ..........................................27 Section 10.2 10.2. Resignation or Removal of Owner Trustee................................................22 .............................................27 Section 10.3 10.3. Successor Owner Trustee................................................................23 .............................................................28 Section 10.4 10.4. Merger or Consolidation of Owner Trustee...............................................23 ............................................28 Section 10.5 10.5. Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24.......................................28

Compensation of Owner Trustee. 19 Section 8.1 25 SECTION 7.1. Owner Trustee's Fees and Expenses......................................................19 Section 8.2 ..................................................25 SECTION 7.2. Indemnification........................................................................19 Section 8.3 ....................................................................25 SECTION 7.3. Payments to the Owner Trustee..........................................................20 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 ......................................................25 SECTION 7.4. Non-recourse Obligations...........................................................25 Article VIII. Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment ..................................................................25 SECTION 8.1. Termination of the Certificates.........................................................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 Section 10.1 Trust Agreement.....................................................25 Article IX. Successor Owner Trustees and Additional Owner Trustees............................................26 SECTION 9.1. Eligibility Requirements for Owner Trustee.............................................22 Section 10.2 .........................................26 SECTION 9.2. Resignation or Removal of Owner Trustee................................................22 Section 10.3 ............................................27 SECTION 9.3. Successor Owner Trustee................................................................23 Section 10.4 ............................................................27 SECTION 9.4. Merger or Consolidation of Owner Trustee...............................................23 Section 10.5 ...........................................28 SECTION 9.5. Appointment of Co-Indenture Trustee or Separate Indenture Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24..................28 Article X. Miscellaneous......................................................................................30

Compensation of Owner Trustee. 19 20 Section 8.1 7.01. Owner Trustee's Fees and Expenses......................................................19 ......................20 Section 8.2 7.02. Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..................................................................................................20 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 VIII Termination of Trust Agreement.........................................................20 ...............................21 Section 9.2 Prepayment 8.01. Termination of the Certificates.........................................................Trust Agreement.........................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ IX Successor Owner Trustees and Additional Owner Trustees.......22 Section 10.1 9.01. Eligibility Requirements for Owner Trustee..........................................................22 Section 10.2 Resignation or Removal 9.02. Replacement of Owner Trustee...........................................................................22 Section 10.3 9.03. Successor Owner Trustee................................................................................................23 Section 10.4 9.04. Merger or Consolidation of Owner Trustee...............................................23 ...............24 Section 10.5 9.05. Appointment of Co-Trustee or Separate Trustee..........24 ARTICLE X Miscellaneous................................................25 Section 10.01. Amendments.............................................25 Section 10.02. No Legal Title to Trust Estate.........................26 Section 10.03. Limitations on Rights of Others........................27 Section 10.04. Notices................................................27 Section 10.05. Severability...........................................27 Section 10.06. Separate Counterparts..................................27 Section 10.07. Successors and Assigns.................................27 Section 10.08. No Petition............................................28 Section 10.09. No Recourse............................................28 Section 10.10. Headings...............................................28 Section 10.11. GOVERNING LAW..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................2428 Section 10.12. Integration............................................28 Section 10.13. Rights of Enhancer to Exercise Rights of Certificateholders.....................................28

Compensation of Owner Trustee. 19 Section 8.1 Owner Trustee's Fees and Expenses......................................................19 Section 8.2 Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment of the Certificates.........................................................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ ...............................................22 Section 10.1 Eligibility Requirements for Owner Trustee.............................................22 Section 10.2 Resignation or Removal of Owner Trustee................................................22 Section 10.3 Successor Owner Trustee................................................................23 Section 10.4 Merger or Consolidation of Owner Trustee...............................................23 Section 10.5 Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24

Compensation of Owner Trustee. 19 24 Section 8.1 7.01 Owner Trustee's Fees and Expenses......................................................19 .......................................................24 Section 8.2 7.02 Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 .........................................................................25 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 VIII Termination of Trust Agreement.........................................................20 ................................................................27 Section 9.2 Prepayment 8.01 Termination of the Certificates.........................................................21 Trust Agreement..........................................................27 Section 8.02 Additional Termination Requirements.....................................................27 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 IX Successor Owner Trustees and Additional Owner Trustees........................................29 Section 10.1 9.01 Eligibility Requirements for Owner Trustee.............................................22 ..............................................29 Section 10.2 Resignation or Removal 9.02 Replacement of Owner Trustee................................................22 ............................................................29 Section 10.3 9.03 Successor Owner Trustee................................................................23 .................................................................29 Section 10.4 9.04 Merger or Consolidation of Owner Trustee...............................................23 ................................................29 Section 10.5 9.05 Appointment of Co-Trustee or Separate Trustee..........................................23 ...........................................38 ARTICLE X Compliance With Regulation AB.................................................................38 Section 10.01 Intent of the Parties; Reasonableness...................................................38 Section 10.02 Additional Representations and Warranties of the Owner Trustee..........................38 Section 10.03 Information to Be Provided by the Owner Trustee.........................................38 Section 10.04 Indemnification; Remedies...............................................................38 ARTICLE XI - MISCELLANEOUS.......................................................................................24Miscellaneous.................................................................................38 Section 11.01 Amendments..............................................................................38 Section 11.02 No Legal Title to Trust Estate..........................................................38 Section 11.03 Limitations on Rights of Others.........................................................38 Section 11.04 Notices.................................................................................38 Section 11.05 Severability............................................................................38 Section 11.06 Separate Counterparts...................................................................38 Section 11.07 Successors and Assigns..................................................................38 Section 11.08 No Petition.............................................................................38 Section 11.09 No Recourse.............................................................................38 Section 11.10 Headings................................................................................38 Section 11.11 GOVERNING LAW...........................................................................38 Section 11.12 Integration.............................................................................38 This trust agreement, dated as of October 26, 2007 (as amended from time to time, the "Trust Agreement"), is between Residential Asset Mortgage Products, Inc., a Delaware corporation, as depositor (the "Depositor"), and Wilmington Trust Company, a Delaware banking corporation, as owner trustee (the "Owner Trustee").

Compensation of Owner Trustee. 19 23 Section 8.1 7.01. Owner Trustee's Fees and Expenses......................................................19 ......................23 Section 8.2 7.02. Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 ........................................23 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 VIII Termination of Trust Agreement.........................................................20 ...............................25 Section 9.2 Prepayment 8.01. Termination of the Certificates.........................................................21 Trust Agreement.........................25 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 IX Successor Owner Trustees and Additional Owner Trustees.......27 Section 10.1 9.01. Eligibility Requirements for Owner Trustee.............................................22 .............27 Section 10.2 Resignation or Removal 9.02. Replacement of Owner Trustee................................................22 ...........................27 Section 10.3 9.03. Successor Owner Trustee................................................................23 ................................27 Section 10.4 9.04. Merger or Consolidation of Owner Trustee...............................................23 ...............28 Section 10.5 9.05. Appointment of Co-Trustee or Separate Trustee..........28 ARTICLE X Miscellaneous................................................30 Section 10.01. Amendments.............................................30 Section 10.02. No Legal Title to Owner Trust Estate...................31 Section 10.03. Limitations on Rights of Others........................31 Section 10.04. Notices................................................32 Section 10.05. Severability...........................................32 Section 10.06. Separate Counterparts..................................32 Section 10.07. Successors and Assigns.................................32 Section 10.08. No Petition............................................32 Section 10.09. No Recourse............................................33 Section 10.10. Headings...............................................33 Section 10.11. GOVERNING LAW..........................................23 ARTICLE XI 33 Section 10.12. Integration............................................33 Section 10.13. Obligations............................................33 EXHIBITS Exhibit A - MISCELLANEOUS.......................................................................................24Form of Certificate ...........................................A-1 Exhibit B - Certificate of Trust of MortgageIT Trust 2004-1 ...............B-1 Exhibit C - Form of Rule 144A Investment Representation ...................C-1 Exhibit D - Form of Certificate of Non-Foreign Status .....................D-1 Exhibit E - Form of Investment Letter .....................................E-1 Exhibit F - Form of Transferor Certificate ................................F-1 Exhibit G - Form of ERISA Letter ..........................................G-1 This Amended and Restated Trust Agreement, dated as of September 30, 2004 (as amended from time to time, this "Trust Agreement"), among Structured Asset Mortgage Investments II Inc., a Delaware corporation, as depositor (the "Depositor"), Wilmington Trust Company, a Delaware banking corporation, as owner trustee (the "Owner Trustee") and Wells Fargo Bank, National Asxxxxxtion, not individually but acting solely as Securities Administrator, as certificate registrar (the "Certificate Registrar") and as certificate paying agent (in such capacity, the "Certificate Paying Agent").

Compensation of Owner Trustee. 19 Section 8.1 25 SECTION 8.1. Owner Trustee's Fees and Expenses......................................................19 Section 8.2 .................................................25 SECTION 8.2. Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee...................................................................25 SECTION 8.3. Non-recourse Obligations..........................................................20 26 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 ..................................................................................26 SECTION 9.1. Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment of the Certificates.........................................................21 Trust..........................................................26 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 Section 10.1 ...............................................................................28 SECTION 10.1. Eligibility Requirements for Owner Trustee.............................................22 Section 10.2 ........................................28 SECTION 10.2. Resignation or Removal of Owner Trustee................................................22 Section 10.3 ...........................................28 SECTION 10.3. Successor Owner Trustee................................................................23 Section 10.4 ...........................................................29 SECTION 10.4. Merger or Consolidation of Owner Trustee...............................................23 Section 10.5 ..........................................29 SECTION 10.5. Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24.....................................29

Compensation of Owner Trustee. 19 Section 8.1 18 SECTION 7.1. Owner Trustee's Fees and Expenses................................................................................................... 18 SECTION 7.2. Indemnification............................................................... 18 SECTION 7.3. Non-recourse Obligations...................................................... 18 ARTICLE XIII TERMINATION................................................................................ 19 Section 8.2 Indemnification........................................................................SECTION 8.1. Termination of the Trust...................................................... 19 Section 8.3 Payments SECTION 8.2. Dissolution Events with respect to the Owner Trustee..........................................................20 Depositor.............................. 19 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment of the Certificates.........................................................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 Section 10.1 ..................................... 20 SECTION 9.1. Eligibility Requirements for Owner Trustee.............................................22 Section 10.2 .................................... 20 SECTION 9.2. Resignation or Removal of Owner Trustee................................................22 Section 10.3 ....................................... 20 SECTION 9.3. Successor Owner Trustee................................................................23 Section 10.4 ....................................................... 21 SECTION 9.4. Merger or Consolidation of Owner Trustee...............................................23 Section 10.5 ...................................... 22 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24................................. 22

Compensation of Owner Trustee. 19 Section SECTION 8.1 Owner Trustee's Fees and Expenses......................................................19 Section ....................................................22 SECTION 8.2 Indemnification........................................................................19 Section ......................................................................23 SECTION 8.3 Payments to the Owner Trustee..........................................................20 ........................................................23 ARTICLE IX - TERMINATION.........................................................................................20 Section ...........................................................................................23 SECTION 9.1 Termination of Trust Agreement.........................................................20 Section .......................................................23 SECTION 9.2 Prepayment of the Certificates.........................................................21 .......................................................24 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 Section .................................................25 SECTION 10.1 Eligibility Requirements for Owner Trustee.............................................22 Section ..........................................25 SECTION 10.2 Resignation or Removal of Owner Trustee................................................22 Section .............................................25 SECTION 10.3 Successor Owner Trustee................................................................23 Section .............................................................26 SECTION 10.4 Merger or Consolidation of Owner Trustee...............................................23 Section ............................................26 SECTION 10.5 Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24.......................................26

Compensation of Owner Trustee. 19 Section 8.1 Owner Trustee's Fees and Expenses...................................................................................19 Section 8.2 Indemnification.......................................................................................................................19 Section 8.3 Payments to the Owner Trustee...........................................................................................20 ARTICLE IX - TERMINATION.........................................................................................................................................................20 Section 9.1 Termination of Trust Agreement.........................................................................................20 Section 9.2 Prepayment of the Certificates.........................................................................................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ ......................22 Section 10.1 Eligibility Requirements for Owner Trustee.................................................................22 Section 10.2 Resignation or Removal of Owner Trustee.......................................................................22 Section 10.3 Successor Owner Trustee.......................................................................................................23 Section 10.4 Merger or Consolidation of Owner Trustee.....................................................................23 Section 10.5 Appointment of Co-Trustee or Separate Trustee...........................................................23 ARTICLE XI - MISCELLANEOUS.....................................................................................................................................................24

Compensation of Owner Trustee. 19 29 Section 8.1 7.01. Owner Trustee's Fees and Expenses......................................................19 ................................................29 Section 8.2 7.02. Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 ..................................................................29 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 VIII Termination of Trust Agreement.........................................................20 ............................................................31 Section 9.2 Prepayment 8.01. Termination of the Certificates.........................................................21 Trust Agreement...................................................31 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 IX Successor Owner Trustees and Additional Owner Trustees....................................33 Section 10.1 9.01. Eligibility Requirements for Owner Trustee.............................................22 .......................................33 Section 10.2 Resignation or Removal 9.02. Replacement of Owner Trustee................................................22 .....................................................33 Section 10.3 9.03. Successor Owner Trustee................................................................23 ..........................................................34 Section 10.4 9.04. Merger or Consolidation of Owner Trustee...............................................23 .........................................34 Section 10.5 9.05. Appointment of Co-Trustee or Separate Trustee..........................................23 ....................................34 ARTICLE XI X Miscellaneous.............................................................................36 Section 10.01. Amendments.......................................................................36 Section 10.02. No Legal Title to Trust Estate...................................................37 Section 10.03. Limitations on Rights of Others..................................................37 Section 10.04. Notices..........................................................................37 Section 10.05. Severability.....................................................................38 Section 10.06. Separate Counterparts............................................................38 Section 10.07. Successors and Assigns...........................................................38 Section 10.08. No Petition......................................................................38 Section 10.09. No Recourse......................................................................38 Section 10.10. Headings.........................................................................39 Section 10.11. GOVERNING LAW....................................................................39 Section 10.12. Integration......................................................................39 Section 10.13. Rights of Enhancer to Exercise Rights of Certificateholders......................39 EXHIBITS Exhibit A - MISCELLANEOUS.......................................................................................24Form of Certificate......................................................................A-1 Exhibit B - Certificate of Trust.....................................................................B-1 Exhibit C - Form of Rule 144A Investment Representation..............................................C-1 Exhibit D - Form of Investor Representation Letter...................................................D-1 Exhibit E - Form of Transferor Representation Letter.................................................E-1 Exhibit F - Form of Certificate of Non-Foreign Status................................................F-1 Exhibit G - Form of ERISA Representation Letter......................................................G-1 Exhibit H - Form of Representation Letter............................................................H-1 Exhibit I - Form of Addition Notice..................................................................I-1 Exhibit J - Form of Transfer Agreement...............................................................J-1 This trust agreement, dated as of September 27, 2002 (as amended from time to time, the "Trust Agreement"), is between Wachovia Asset Securitization, Inc., a North Carolina corporation, as depositor (the "Depositor"), and Wilmington Trust Company, a Delaware banking corporation, as owner trustee (the "Owner Trustee").

Compensation of Owner Trustee. 19 23 Section 8.1 7.01 Owner Trustee's Fees and Expenses......................................................19 .......................................................23 Section 8.2 7.02 Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 .........................................................................23 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 VIII Termination of Trust Agreement.........................................................20 ................................................................24 Section 9.2 Prepayment 8.01 Termination of the Certificates.........................................................21 Trust Agreement..........................................................24 Section 8.02 Additional Termination Requirements.....................................................25 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 IX Successor Owner Trustees and Additional Owner Trustees........................................26 Section 10.1 9.01 Eligibility Requirements for Owner Trustee.............................................22 ..............................................26 Section 10.2 Resignation or Removal 9.02 Replacement of Owner Trustee................................................22 ............................................................26 Section 10.3 9.03 Successor Owner Trustee................................................................23 .................................................................27 Section 10.4 9.04 Merger or Consolidation of Owner Trustee...............................................23 ................................................28 Section 10.5 9.05 Appointment of Co-Trustee or Separate Trustee..........................................23 ...........................................28 ARTICLE X Compliance With Regulation AB.................................................................29 Section 10.01 Intent of the Parties; Reasonableness...................................................29 Section 10.02 Additional Representations and Warranties of the Owner Trustee..........................29 Section 10.03 Information to Be Provided by the Owner Trustee.........................................30 Section 10.04 Indemnification; Remedies...............................................................31 ARTICLE XI - MISCELLANEOUS.......................................................................................24Miscellaneous.................................................................................32 Section 11.01 Amendments..............................................................................32 Section 11.02 No Legal Title to Trust Estate..........................................................34 Section 11.03 Limitations on Rights of Others.........................................................34 Section 11.04 Notices.................................................................................34 Section 11.05 Severability............................................................................35 Section 11.06 Separate Counterparts...................................................................35 Section 11.07 Successors and Assigns..................................................................35 Section 11.08 No Petition.............................................................................35 Section 11.09 No Recourse.............................................................................35 Section 11.10 Headings................................................................................36 Section 11.11 GOVERNING LAW...........................................................................36 Section 11.12 Integration.............................................................................36 Section 11.13 Rights of Enhancer to Exercise Rights of Certificateholders.............................36 This trust agreement, dated as of March 29, 2007 (as amended from time to time, the "Trust Agreement"), is between Residential Asset Mortgage Products, Inc., a Delaware corporation, as depositor (the "Depositor"), and Wilmington Trust Company, a Delaware banking corporation, as owner trustee (the "Owner Trustee").

Compensation of Owner Trustee. 19 Section 8.1 17 SECTION 7.1. Owner Trustee's Fees and Expenses......................................................19 Section 8.2 ............................................17 SECTION 7.2. Indemnification........................................................................19 Section 8.3 Payments ..............................................................18 SECTION 7.3. Non-recourse Obligations.....................................................18 ARTICLE XIII TERMINATION.................................................................................18 SECTION 8.1. Termination of the Trust.....................................................18 SECTION 8.2. Dissolution Events with respect to the Owner Trustee..........................................................20 Depositor.............................19 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment of the Certificates.........................................................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 Section 10.1 ......................................19 SECTION 9.1. Eligibility Requirements for Owner Trustee.............................................22 Section 10.2 ...................................19 SECTION 9.2. Resignation or Removal of Owner Trustee................................................22 Section 10.3 ......................................20 SECTION 9.3. Successor Owner Trustee................................................................23 Section 10.4 ......................................................21 SECTION 9.4. Merger or Consolidation of Owner Trustee...............................................23 Section 10.5 .....................................21 SECTION 9.5. Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24................................21

Compensation of Owner Trustee. 19 25 Section 8.1 7.01 Owner Trustee's Fees and Expenses......................................................19 ......................................25 Section 8.2 7.02 Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 ........................................................25 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 VIII Termination of Trust Agreement.........................................................20 ..............................................26 Section 9.2 Prepayment 8.01 Termination of the Certificates.........................................................21 Trust Agreement.........................................26 Section 8.02 Additional Termination Requirements....................................27 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 IX Successor Owner Trustees and Additional Owner Trustees......................28 Section 10.1 9.01 Eligibility Requirements for Owner Trustee.............................................22 .............................28 Section 10.2 Resignation or Removal 9.02 Replacement of Owner Trustee................................................22 ...........................................29 Section 10.3 9.03 Successor Owner Trustee................................................................23 ................................................29 Section 10.4 9.04 Merger or Consolidation of Owner Trustee...............................................23 ...............................30 Section 10.5 9.05 Appointment of Co-Trustee or Separate Trustee..........................................23 ..........................30 ARTICLE XI - MISCELLANEOUS.......................................................................................24X

Compensation of Owner Trustee. 19 Section 8.1 23 7.01 Owner Trustee's Fees and Expenses......................................................19 Section 8.2 Expense...............................................................23 7.02 Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 ................................................................................23 Article VIII Termination of Trust Agreement.........................................................20 Section 9.2 Prepayment ......................................................................24 8.01 Termination of the Certificates.........................................................21 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 Section 10.1 Trust Agreement.................................................................24 Article IX Successor Owner Trustees and Additional Owner Trustees................................................25 9.01 Eligibility Requirements for Owner Trustee.............................................22 Section 10.2 Resignation or Removal .....................................................25 9.02 Replacement of Owner Trustee................................................22 Section 10.3 ...................................................................25 9.03 Successor Owner Trustee................................................................23 Section 10.4 ........................................................................26 9.04 Merger or Consolidation of Owner Trustee...............................................23 Section 10.5 .......................................................27 9.05 Appointment of Co-Trustee trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24..................................................27 Article X Miscellaneous..........................................................................................28 10.01 Amendments.....................................................................................28 10.02 No Legal Title to Trust Estate.................................................................29 10.03 Limitations On Rights of Others................................................................29 10.04 Notices........................................................................................29

Compensation of Owner Trustee. 19 Section 8.1 8.1. Owner Trustee's Fees and Expenses......................................................19 Expenses ................................................. 28 Section 8.2 Indemnification........................................................................19 8.2. Indemnification ................................................................... 28 Section 8.3 Payments to the Owner Trustee..........................................................20 8.3. Non-recourse Obligations .......................................................... 28 ARTICLE IX - TERMINATION.........................................................................................20 TERMINATION .......................................................................... 29 Section 9.1 9.1. Termination of the Trust Agreement.........................................................20 Section 9.2 Prepayment of the Certificates.........................................................21 .......................................................... 29 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 TRUSTEES ............................... 31 Section 10.1 10.1. Eligibility Requirements for Owner Trustee.............................................22 Trustee ........................................ 31 Section 10.2 10.2. Resignation or Removal of Owner Trustee................................................22 Trustee ........................................... 31 Section 10.3 10.3. Successor Owner Trustee................................................................23 Trustee ........................................................... 32 Section 10.4 10.4. Merger or Consolidation of Owner Trustee...............................................23 Trustee .......................................... 32 Section 10.5 10.5. Appointment of Co-Trustee or Separate Trustee..........................................23 ARTICLE XI - MISCELLANEOUS.......................................................................................24Trustee ..................................... 33

Compensation of Owner Trustee. 19 24 Section 8.1 7.01. Owner Trustee's Fees and Expenses......................................................19 ......................24 Section 8.2 7.02. Indemnification........................................................................19 Section 8.3 Payments to the Owner Trustee..........................................................20 ........................................24 ARTICLE IX - TERMINATION.........................................................................................20 Section 9.1 VIII Termination of Trust Agreement.........................................................20 ...............................25 Section 9.2 Prepayment 8.01. Termination of the Certificates.........................................................21 Trust Agreement.........................25 ARTICLE X - SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES................................................ 22 IX Successor Owner Trustees and Additional Owner Trustees.......26 Section 10.1 9.01. Eligibility Requirements for Owner Trustee.............................................22 .............26 Section 10.2 Resignation or Removal 9.02. Replacement of Owner Trustee................................................22 ...........................26 Section 10.3 9.03. Successor Owner Trustee................................................................23 ................................27 Section 10.4 9.04. Merger or Consolidation of Owner Trustee...............................................23 ...............27 Section 10.5 9.05. Appointment of Co-Trustee or Separate Trustee..........27 ARTICLE X Miscellaneous................................................29 Section 10.01. Amendments.............................................29 Section 10.02. No Legal Title to Trust Estate.........................30 Section 10.03. Limitations on Rights of Others........................30 Section 10.04. Notices................................................31 Section 10.05. Severability...........................................31 Section 10.06. Separate Counterparts..................................31 Section 10.07. Successors and Assigns.................................31 Section 10.08. No Petition............................................31 Section 10.09. No Recourse............................................32 Section 10.10. Headings...............................................32 Section 10.11. GOVERNING LAW..........................................23 ARTICLE XI 32 Section 10.12. Integration............................................32 Section 10.13. Rights of Enhancer to Exercise Rights of Certificateholders.....................................32 -iii- TABLE OF CONTENTS (continued) Page EXHIBITS -------- Exhibit A - MISCELLANEOUS.......................................................................................24Form of Certificate......................................A-1 Exhibit B - Certificate of Trust.....................................B-1 Exhibit C - Form of Rule 144A Investment Representation..............C-1 Exhibit D - Form of Investor Representation Letter...................D-1 Exhibit E - Form of Transferor Representation Letter.................E-1 Exhibit F - Form of Certificate of Non-Foreign Status................F-1 Exhibit G - Form of ERISA Representation Letter......................G-1 Exhibit H - Form of Representation Letter............................H-1 This trust agreement, dated as of December 19, 2002 (as amended from time to time, the “Trust Agreement”), is between Wachovia Asset Securitization, Inc., a North Carolina corporation, as depositor (the “Depositor”), and Wilmington Trust Company, a Delaware banking corporation, as owner trustee (the “Owner Trustee”).