Common use of Designation of Interests in REMIC Clause in Contracts

Designation of Interests in REMIC. (a) Designation of Interests in REMIC. The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Mortgage Loans, the accounts (other than the Net WAC Reserve Fund), any REO Property, and any proceeds of the foregoing. The REMIC I Regular Interests shall constitute the assets of REMIC II. The REMIC II Regular Interests shall constitute the assets of REMIC III. The REMIC III Regular Interests shall constitute the assets of REMIC IV. The REMIC IV Regular Interests shall constitute the assets of REMIC V (the “Master REMIC”). REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): T1-A-SG1 (1) (2) N/A N/A N/A T1-A-SG2 (3) (4) N/A N/A N/A

Designation of Interests in REMIC. (a) Designation of Interests in REMIC. REMIC The Trustee Master Servicer shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Mortgage Loans, the accounts (other than the Net WAC Reserve Fund), any REO Property, and any proceeds of the foregoing. The REMIC I Regular Interests shall constitute the assets of REMIC II. The REMIC II Regular Interests shall constitute the assets of REMIC III. The REMIC III Regular Interests shall constitute the assets of REMIC IV. The REMIC IV Regular Interests shall constitute the assets of REMIC V (the “Master REMIC”). REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): REMIC Interest Initial Principal Balance of REMIC Interest Interest Rate Corresponding REMIC II Interest Distribution Date of Rate Change Yield Maintenance Agreement Notional Amount T1-A-SG1 (1) (2) N/A N/A N/A T1-A-SG2 (3) (4) N/A N/A N/AA T1-SA-SG1(1) $ 53,585.48 (2) T2-SA-SG1-IO(1) 12/2004 $ 443,635,621 T1-SA-SG1(2) $ 63,465.63 (2) T2-SA-SG1-IO(2) 1/2005 438,277,073 T1-SA-SG1(3) $ 73,230.60 (2) T2-SA-SG1-IO(3) 2/2005 431,930,510 T1-SA-SG1(4) $ 82,825.89 (2) T2-SA-SG1-IO(4) 3/2005 424,607,450 T1-SA-SG1(5) $ 92,196.55 (2) T2-SA-SG1-IO(5) 4/2005 416,324,861 T1-SA-SG1(6) $ 101,287.50 (2) T2-SA-SG1-IO(6) 5/2005 407,105,206 T1-SA-SG1(7) $ 110,044.07 (2) T2-SA-SG1-IO(7) 6/2005 396,976,456 T1-SA-SG1(8) $ 118,412.52 (2) T2-SA-SG1-IO(8) 7/2005 385,972,049 T1-SA-SG1(9) $ 126,337.14 (2) T2-SA-SG1-IO(9) 8/2005 374,130,797 T1-SA-SG1(10) $ 123,012.57 (2) T2-SA-SG1-IO(10) 9/2005 361,497,083 T1-SA-SG1(11) $ 119,765.86 (2) T2-SA- SG1-IO(11) 10/2005 349,195,826 T1-SA-SG1(12) $ 116,604.96 (2) T2-SA- SG1-IO(12) 11/2005 337,219,240 T1-SA-SG1(13) $ 113,527.64 (2) T2-SA- SG1-IO(13) 12/2005 325,558,744 T1-SA-SG1(14) $ 110,531.63 (2) T2-SA- SG1-IO(14) 1/2006 314,205,980 T1-SA-SG1(15) $ 107,614.84 (2) T2-SA- SG1-IO(15) 2/2006 303,152,817 T1-SA-SG1(16) $ 104,775.11 (2) T2-SA- SG1-IO(16) 3/2006 292,391,333 T1-SA-SG1(17) $ 102,010.44 (2) T2-SA- SG1-IO(17) 4/2006 281,913,822 T1-SA-SG1(18) $ 99,318.83 (2) T2-SA- SG1-IO(18) 5/2006 271,712,778 T1-SA-SG1(19) $ 96,698.33 (2) T2-SA- SG1-IO(19) 6/2006 261,780,895 T1-SA-SG1(20) $ 94,147.08 (2) T2-SA- SG1-IO(20) 7/2006 252,111,062 T1-SA-SG1(21) $ 91,699.84 (2) T2-SA- SG1-IO(21) 8/2006 242,696,354 T1-SA-SG1(22) $ 181,981.31 (2) T2-SA- SG1-IO(22) 9/2006 233,526,370 T1-SA-SG1(23) $ 171,111.72 (2) T2-SA- SG1-IO(23) 10/2006 215,328,239 T1-SA-SG1(24) $ 160,822.40 (2) T2-SA- SG1-IO(24) 11/2006 198,217,067 T1-SA-SG1(25) $ 151,161.37 (2) T2-SA- SG1-IO(25) 12/2006 182,134,827 T1-SA-SG1(26) $ 87,133.18 (2) T2-SA- SG1-IO(26) 1/2007 167,018,690 T1-SA-SG1(27) $ 84,186.88 (2) T2-SA- SG1-IO(27) 2/2007 158,305,372 T1-SA-SG1(28) $ 81,406.68 (2) T2-SA- SG1-IO(28) 3/2007 149,886,684 T1-SA-SG1(29) $ 78,720.53 (2) T2-SA- SG1-IO(29) 4/2007 141,746,016 T1-SA-SG1(30) $ 76,125.21 (2) T2-SA- SG1-IO(30) 5/2007 133,873,963 T1-SA-SG1(31) $ 73,617.57 (2) T2-SA- SG1-IO(31) 6/2007 126,261,442 T1-SA-SG1(32) $ 71,194.63 (2) T2-SA-SG1-IO(32) 7/2007 118,899,685 T1-SA-SG1(33) $ 68,853.99 (2) T2-SA-SG1-IO(33) 8/2007 111,780,222 T1-SA-SG1(34) $ 66,599.90 (2) T2-SA-SG1-IO(34) 12/2007 104,894,823 T1-SA-SG1(35) $ 64,413.01 (2) T2-SA-SG1-IO(35) 1/2008 98,234,833 T1-SA-SG1(36) $ 917,935.32 (2)(5) T2-SA-SG1-IO(36) 2/2008 91,793,532 T1-SA-SG2(1) $ 36,918.10 (3) T2-SA-SG2-IO(1) 12/2004 262,563,883 T1-SA-SG2(2) $ 42,609.31 (3) T2-SA-SG2-IO(2) 1/2005 258,872,073 T1-SA-SG2(3) $ 48,203.71 (3) T2-SA-SG2-IO(3) 2/2005 254,611,142 T1-SA-SG2(4) $ 53,666.81 (3) T2-SA-SG2-IO(4) 3/2005 249,790,771 T1-SA-SG2(5) $ 58,970.75 (3) T2-SA- SG2-IO(5) 4/2005 244,424,090 T1-SA-SG2(6) $ 64,084.48 (3) T2-SA- SG2-IO(6) 5/2005 238,527,015 T1-SA-SG2(7) $ 68,703.26 (3) T2-SA- SG2-IO(7) 6/2005 232,118,567 T1-SA-SG2(8) $ 72,258.97 (3) T2-SA- SG2-IO(8) 7/2005 225,248,241 T1-SA-SG2(9) $ 72,428.11 (3) T2-SA- SG2-IO(9) 8/2005 218,022,344 T1-SA-SG2(10) $ 70,557.35 (3) T2-SA- SG2-IO(10) 9/2005 210,779,533 T1-SA-SG1(11) $ 68,735.10 (3) T2-SA- SG2-IO(11) 10/2005 203,723,798 T1-SA-SG2(12) $ 66,960.10 (3) T2-SA- SG2-IO(12) 11/2005 196,850,288 T1-SA-SG2(13) $ 65,231.10 (3) T2-SA- SG2-IO(13) 12/2005 190,154,278 T1-SA-SG2(14) $ 63,546.92 (3) T2-SA- SG2-IO(14) 1/2006 183,631,168 T1-SA-SG2(15) $ 61,906.39 (3) T2-SA- SG2-IO(15) 2/2006 177,276,476 T1-SA-SG2(16) $ 60,342.42 (3) T2-SA- SG2-IO(16) 3/2006 171,085,837 T1-SA-SG2(17) $ 58,782.56 (3) T2-SA- SG2-IO(17) 4/2006 165,051,595 T1-SA-SG2(18) $ 57,263.25 (3) T2-SA- SG2-IO(18) 5/2006 159,173,339 T1-SA-SG2(19) $ 58,713.27 (3) T2-SA- SG2-IO(19) 6/2006 153,447,014 T1-SA-SG2(20) $ 62,059.15 (3) T2-SA- SG2-IO(20) 7/2006 147,575,687 T1-SA-SG2(21) $ 90,407.35 (3) T2-SA- SG2-IO(21) 8/2006 141,369,772 T1-SA-SG2(22) $ 95,061.19 (3) T2-SA- SG2-IO(22) 9/2006 132,329,037 T1-SA-SG2(23) $ 87,859.47 (3) T2-SA- SG2-IO(23) 10/2006 122,822,918 T1-SA-SG2(24) $ 79,893.76 (3) T2-SA- SG2-IO(24) 11/2006 114,036,971 T1-SA-SG2(25) $ 57,407.92 (3) T2-SA- SG2-IO(25) 12/2006 106,047,595 T1-SA-SG2(26) $ 49,629.89 (3) T1-SA-SG2-IO(26) 1/2007 100,306,803 T1-SA-SG2(27) $ 48,058.14 (3) T1-SA-SG2-IO(27) 2/2007 95,343,814 T1-SA-SG2(28) $ 46,537.92 (3) T1-SA-SG2-IO(28) 3/2007 90,538,000 T1-SA-SG2(29) $ 45,067.51 (3) T1-SA-SG2-IO(29) 4/2007 85,884,208 T1-SA-SG2(30) $ 43,645.26 (3) T1-SA-SG2-IO(30) 5/2007 81,377,457 T1-SA-SG2(31) $ 42,269.50 (3) T1-SA-SG2-IO(31) 6/2007 77,012,931 T1-SA-SG2(32) $ 40,937.48 (3) T1-SA-SG2-IO(32) 7/2007 72,785,981 T1-SA-SG2(33) $ 39,650.21 (3) T1-SA-SG2-IO(33) 8/2007 68,692,233 T1-SA-SG2(34) $ 38,409.74 (3) T1-SA-SG2-IO(34) 9/2007 64,727,212 T1-SA-SG2(35) $ 37,204.71 (3) T1-SA-SG2-IO(35) 10/2007 60,886,238 T1-SA-SG2(36) $ 571,657.67 (3)(6) T1-SA-SG2-IO(36) 12/2007 57,165,767 R-I (7) (7) N/A N/A N/A (1) This interest shall have an initial principal balance equal to (i) the aggregate principal balance of the Mortgage Loans in Subgroup 1 less (ii) the aggregate principal balance of the T1-SA-SG1 interests.

Designation of Interests in REMIC. (a) Designation of Interests in REMIC. The Trustee Securities Administrator shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V III be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Mortgage Loans, the accounts (other than the Net WAC Reserve FundFund and the Supplemental Interest Account), any REO Property, and any proceeds of the foregoing. The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby. The REMIC I Regular Interests shall constitute the assets of REMIC II. The REMIC II Regular Interests shall constitute the assets of REMIC III. The REMIC III Regular Interests shall constitute the assets of REMIC IV. The REMIC IV Regular Interests shall constitute the assets of REMIC V (the “Master REMIC”). The Class R Certificate represents ownership of the sole class of residual interest in each of the REMIC II and the Master REMIC. REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): T1-A-SG1 (1) (2) N/A N/A N/A T1-A-SG2 (3) (4) N/A N/A N/A):

Designation of Interests in REMIC. (a) Designation of Interests in REMIC. The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV and REMIC V III be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The assets of REMIC I shall include the Mortgage Loans, the accounts (other than the Group 1 Net WAC Reserve Fund, the Group 2 Net WAC Reserve Fund, the Class AF-1A Cap Account and the Supplemental Interest Account), any REO Property, and any proceeds of the foregoing. The Supplemental Interest Trust and any assets thereof shall not be an asset of any REMIC formed hereby. The REMIC I Regular Interests shall constitute the assets of REMIC II. The REMIC II Regular Interests shall constitute the assets of REMIC III. The REMIC III Regular Interests shall constitute the assets of REMIC IV. The REMIC IV Regular Interests shall constitute the assets of REMIC V (the “Master REMIC”). The Class R Certificate represents ownership of the sole class of residual interest in each of the REMIC II and the Master REMIC. REMIC I: The following table sets forth the designations, principal balances, and interest rates for each interest in REMIC I, each of which (other than the R-I interest) is hereby designated as a regular interest in REMIC I (the “REMIC I Regular Interests”): T1-A-SG1 (1) (2) N/A N/A N/A T1-A-SG2 (3) (4) N/A N/A N/A):