Common use of et seq Clause in Contracts

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Class I-A-1 AAA Aaa Class I-A-2 AAA Aaa Class I-A-3 AAA Aaa Class I-X-1 AAA Aaa Class I-M-X AA Aa2 Class I-B-1 AA Aa2 Class I-B-2 A+ A2 Class I-B-3 BBB Baa2 Class R AAA NR KNOW ALL MEN BY THESE PRESENTS, that Deutsche Bank National Trust Company, a banking corporation, having a place of business at 1000 X. Xx. Xxxxxx Xxxxx, Santa Ana, California, as Trustee (and in no personal or other representative capacity) under the Pooling and Servicing Agreement, dated as of November 1, 2005, by and among Structured Asset Mortgage Investments II Inc., the Trustee and MortgageIT, Inc. (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement” capitalized terms not defined herein have the definitions assigned to such terms in the Agreement), relating to the MortgageIT Trust 2005-AR1, Mortgage Pass-Through Certificates, Series 2005-AR15, hereby appoints _______________, in its capacity as Servicer under the Agreement, as the Trustee’s true and lawful Special Attorney-in-Fact, in the Trustee’s name, place and stead and for the Trustee’s benefit, but only in its capacity as Trustee aforesaid, to perform all acts and execute all documents as may be customary, necessary and appropriate to effectuate the following enumerated transactions in respect of any mortgage, deed of trust, promissory note or real estate owned from time to time owned (beneficially or in title, whether the Trustee is named therein as mortgagee or beneficiary or has become mortgagee or beneficiary by virtue of endorsement, assignment or other conveyance) or held by or registered to the Trustee (directly or through custodians or nominees), or in respect of which the Trustee has a security interest or other lien, all as provided under the applicable Agreement and only to the extent the respective Trustee has an interest therein under the Agreement, and in respect of which the Servicer is acting as servicer pursuant to the Agreement (the “Mortgage Documents”). This appointment shall apply to the following enumerated transactions under the Agreement only: The modification or re-recording of any Mortgage Document for the purpose of correcting it to conform to the original intent of the above ratings has been lowered, qualified parties thereto or withdrawn since to correct title errors discovered after title insurance was issued and where such modification or re-recording does not adversely affect the dates of issuance of such ratings by lien under the Rating AgenciesMortgage Document as insured.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Xxxx of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of Re: Xxxxxxx Xxxxx Mortgage Investors, Inc. Mortgage Pass-Through Certificates, Series 2005-A5 I, [identify the above ratings has been loweredcertifying individual], qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.certify that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage Rhode Island Rhode Island Home Loan Protection Act, R.I. Gen. Laws §§ 34-25.2-1 et seq. Effective December 31, 2006 High Cost Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan Tennessee Tennessee Home Loan Protection Act, Tenn. Code Axx. §§ 40-00-000 et seq. Effective January 1, 2007. High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. - March 6, 2003) Georgia Fair Lending Act2000 Xxxxxxx Xxxx Xxxxxxx Xxx, Ga. Xx. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None 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 5.06(a)(ii). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.Loan

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A AAA AAA Class A-IO AAA AAA Class M-1 Aa2 AA Class M-2 A2 A Class M-3 Calss M-IO Baa2 Baa2 BBB BBB None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. SALE AND ASSIGNMENT AGREEMENT, dated as of such ratings December 22, 2005, as amended and supplemented by any and all amendments hereto (collectively, the Rating Agencies“Agreement”), by and between KKR FINANCIAL CORP., a Maryland corporation (the “Seller”), and KKR FINANCIAL MORTGAGE CORP., a Maryland corporation (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Seller agrees to sell, and the Purchaser agrees to purchase, certain first lien, fixed-rate and adjustable-rate mortgage loans secured by one- to four-family residences, individual condominiums, co-op units and units in planned unit developments (collectively, the “Mortgage Loans”) as described herein. The Purchaser intends to sell the Mortgage Loans to Xxxxxxx Xxxxx Mortgage Investors, Inc. (the “Depositor”), which intends, in turn, to deposit the Mortgage Loans into a trust fund (the “Trust Fund”) and create Mortgage Pass-Through Certificates, Series MLMI 2005-A10 (the “Certificates”), under a pooling and servicing agreement, to be dated as of December 1, 2005 (the “Pooling and Servicing Agreement”), between the Purchaser, as seller, HSBC Bank USA, National Association, as trustee (the “Trustee”) and Xxxxx Fargo Bank, N.A., as master servicer and securities administrator (the “Master Servicer”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx 2002 West Virginia Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None This certificate is being delivered pursuant to Section 3.16 of the above ratings has been loweredPooling and Servicing Agreement, qualified or withdrawn since dated as of October 1, 2005 (the dates “Agreement”), among Bear Xxxxxxx Asset Backed Securities I LLC, as depositor (the “Depositor”), EMC Mortgage Corporation as a seller (in that capacity, a “Seller”) and as master servicer (in that capacity, the “Master Servicer”) and LaSalle Bank National Association as trustee (the “Trustee”). Capitalized terms used herein and not otherwise defined have the meanings set forth in the Agreement. I, [identify the certifying individual], on behalf of issuance of such ratings by LaSalle Bank National Association, as trustee (the Rating Agencies.“Trustee”) certify that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Pursuant to this Subsequent Transfer Instrument, dated [__________], 2005 (the “Instrument”), between Bear Xxxxxxx Asset Backed Securities I LLC as depositor (the “Depositor”), and LaSalle Bank National Association, not individually but solely as trustee (in such capacity, the “Trustee”) under the Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Agreement”), among the Depositor as depositor, EMC Mortgage Corporation as master servicer (in that capacity, the “Master Servicer”) and mortgage loan seller (in that capacity, the “Mortgage Loan Seller”), and the Trustee as trustee, the Depositor and the Trustee, pursuant to the Agreement, agree to the sale by the Depositor and the purchase by the Trustee of the above ratings has been lowered, qualified or withdrawn since Subsequent Mortgage Loans listed on the dates of issuance of such ratings by attached Exhibit 1 (the Rating Agencies“Subsequent Mortgage Loans”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November December 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November December 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may be different than the LOAN_NBR LOAN_NBR A unique identifier assigned to each loan by the originator. CLIENT_NBR Servicer Client Number SERV_INVESTOR_NBR Contains a unique number as assigned by an external servicer to identify a group of loans in their system. BORROWER_FIRST_NAME First Name of the above ratings Borrower. BORROWER_LAST_NAME Last name of the borrower. PROP_ADDRESS Street Name and Number of Property PROP_STATE The state where the property located. PROP_ZIP Zip code where the property is located. BORR_NEXT_PAY_DUE_DATE The date that the borrower's next payment is due to the servicer at the end of processing cycle, as reported by Servicer. MM/DD/YYYY LOAN_TYPE Loan Type (i.e. FHA, VA, Conv) BANKRUPTCY_FILED_DATE The date a particular bankruptcy claim was filed. MM/DD/YYYY BANKRUPTCY_CHAPTER_CODE The chapter under which the bankruptcy was filed. BANKRUPTCY_CASE_NBR The case number assigned by the court to the bankruptcy filing. POST_PETITION_DUE_DATE The payment due date once the bankruptcy has been lowered, qualified or withdrawn since the dates of issuance of such ratings approved by the Rating Agencies.courts MM/DD/YYYY BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. Either by Dismissal, Discharged and/or a Motion For Relief Was Granted. MM/DD/YYYY LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The Servicer MM/DD/YYYY LOSS_MIT_TYPE The Type Of Loss Mitigation Approved For A Loan Such As; LOSS_MIT_EST_COMP_DATE The Date The Loss Mitigation /Plan Is Scheduled To End/Close MM/DD/YYYY LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually Completed MM/DD/YYYY FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer with instructions to begin foreclosure proceedings. MM/DD/YYYY ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue Foreclosure MM/DD/YYYY FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a Foreclosure Action MM/DD/YYYY FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected to occur. MM/DD/YYYY FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY FRCLSR_SALE_AMT The amount a property sold for at the foreclosure sale. 2 No commas(,) or dollar signs ($) EVICTION_START_DATE The date the servicer initiates eviction of the borrower. MM/DD/YYYY EVICTION_COMPLETED_DATE The date the court revokes legal possession of the property from the borrower. MM/DD/YYYY LIST_PRICE The price at which an REO property is marketed. 2 No commas(,) or dollar signs ($) LIST_DATE The date an REO property is listed at a particular price. MM/DD/YYYY OFFER_AMT The dollar value of an offer for an REO property. 2 No commas(,) or dollar signs ($) OFFER_DATE_TIME The date an offer is received by DA Admin or by the Servicer. MM/DD/YYYY REO_CLOSING_DATE The date the REO sale of the property is scheduled to close. MM/DD/YYYY REO_ACTUAL_CLOSING_DATE Actual Date Of REO Sale MM/DD/YYYY OCCUPANT_CODE Classification of how the property is occupied. PROP_CONDITION_CODE A code that indicates the condition of the property. PROP_INSPECTION_DATE The date a property inspection is performed. MM/DD/YYYY APPRAISAL_DATE The date the appraisal was done. MM/DD/YYYY CURR_PROP_VAL The current "as is" value of the property based on brokers price opinion or appraisal. 2 REPAIRED_PROP_VAL The amount the property would be worth if repairs are completed pursuant to a broker's price opinion or appraisal. 2 DELINQ_STATUS_CODE FNMA Code Describing Status of Loan DELINQ_REASON_CODE The circumstances which caused a borrower to stop paying on a loan. Code indicates the reason why the loan is in default for this cycle. MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With Mortgage Insurance Company. MM/DD/YYYY MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,) or dollar signs ($) MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim Payment MM/DD/YYYY MI_CLAIM_AMT_PAID Amount Mortgage Insurance Company Paid On Claim 2 No commas(,) or dollar signs ($) POOL_CLAIM_FILED_DATE Date Claim Was Filed With Pool Insurance Company MM/DD/YYYY POOL_CLAIM_AMT Amount of Claim Filed With Pool Insurance Company 2 No commas(,) or dollar signs ($) POOL_CLAIM_PAID_DATE Date Claim Was Settled and The Check Was Issued By The Pool Insurer MM/DD/YYYY POOL_CLAIM_AMT_PAID Amount Paid On Claim By Pool Insurance Company 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_FILED_DATE Date FHA Part A Claim Was Filed With HUD MM/DD/YYYY FHA_PART_A_CLAIM_AMT Amount of FHA Part A Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_PAID_DATE Date HUD Disbursed Part A Claim Payment MM/DD/YYYY FHA_PART_A_CLAIM_PAID_AMT Amount HUD Paid on Part A Claim 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_FILED_DATE Date FHA Part B Claim Was Filed With HUD MM/DD/YYYY FHA_PART_B_CLAIM_AMT Amount of FHA Part B Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_PAID_DATE Date HUD Disbursed Part B Claim Payment MM/DD/YYYY FHA_PART_B_CLAIM_PAID_AMT Amount HUD Paid on Part B Claim 2 No commas(,) or dollar signs ($) VA_CLAIM_FILED_DATE Date VA Claim Was Filed With the Veterans Admin MM/DD/YYYY VA_CLAIM_PAID_DATE Date Veterans Admin. Disbursed VA Claim Payment MM/DD/YYYY VA_CLAIM_PAID_AMT Amount Veterans Admin. Paid on VA Claim 2 No commas(,) or dollar signs ($)

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may be different than the LOAN_NBR LOAN_NBR A unique identifier assigned to each loan by the originator. CLIENT_NBR Servicer Client Number SERV_INVESTOR_NBR Contains a unique number as assigned by an external servicer to identify a group of loans in their system. BORROWER_FIRST_NAME First Name of the above ratings Borrower. BORROWER_LAST_NAME Last name of the borrower. PROP_ADDRESS Street Name and Number of Property PROP_STATE The state where the property located. PROP_ZIP Zip code where the property is located. BORR_NEXT_PAY_DUE_DATE The date that the borrower's next payment is due to the servicer at the end of processing cycle, as reported by Servicer. MM/DD/YYYY LOAN_TYPE Loan Type (i.e. FHA, VA, Conv) BANKRUPTCY_FILED_DATE The date a particular bankruptcy claim was filed. MM/DD/YYYY BANKRUPTCY_CHAPTER_CODE The chapter under which the bankruptcy was filed. BANKRUPTCY_CASE_NBR The case number assigned by the court to the bankruptcy filing. POST_PETITION_DUE_DATE The payment due date once the bankruptcy has been lowered, qualified or withdrawn since the dates of issuance of such ratings approved by the Rating Agencies.courts MM/DD/YYYY BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. Either by Dismissal, Discharged and/or a Motion For Relief Was Granted. MM/DD/YYYY LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The Servicer MM/DD/YYYY LOSS_MIT_TYPE The Type Of Loss Mitigation Approved For A Loan Such As; LOSS_MIT_EST_COMP_DATE The Date The Loss Mitigation /Plan Is Scheduled To End/Close MM/DD/YYYY LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually Completed MM/DD/YYYY FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer with instructions to begin foreclosure proceedings. MM/DD/YYYY ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue Foreclosure MM/DD/YYYY FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a Foreclosure Action MM/DD/YYYY FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected to occur. MM/DD/YYYY FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY FRCLSR_SALE_AMT The amount a property sold for at the foreclosure sale. 2 No commas(,) or dollar signs ($) EVICTION_START_DATE The date the servicer initiates eviction of the borrower. MM/DD/YYYY EVICTION_COMPLETED_DATE The date the court revokes legal possession of the property from the borrower. MM/DD/YYYY LIST_PRICE The price at which an REO property is marketed. 2 No commas(,) or dollar signs ($) LIST_DATE The date an REO property is listed at a particular price. MM/DD/YYYY OFFER_AMT The dollar value of an offer for an REO property. 2 No commas(,) or dollar signs ($) OFFER_DATE_TIME The date an offer is received by DA Admin or by the Servicer. MM/DD/YYYY REO_CLOSING_DATE The date the REO sale of the property is scheduled to close. MM/DD/YYYY REO_ACTUAL_CLOSING_DATE Actual Date Of REO Sale MM/DD/YYYY OCCUPANT_CODE Classification of how the property is occupied. PROP_CONDITION_CODE A code that indicates the condition of the property. PROP_INSPECTION_DATE The date a property inspection is performed. MM/DD/YYYY APPRAISAL_DATE The date the appraisal was done. MM/DD/YYYY CURR_PROP_VAL The current "as is" value of the property based on brokers price opinion or appraisal. 2 REPAIRED_PROP_VAL The amount the property would be worth if repairs are completed pursuant to a broker's price opinion or appraisal. 2 DELINQ_STATUS_CODE FNMA Code Describing Status of Loan DELINQ_REASON_CODE The circumstances which caused a borrower to stop paying on a loan. Code indicates the reason why the loan is in default for this cycle. MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With Mortgage Insurance Company. MM/DD/YYYY MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,) or dollar signs ($) MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim Payment MM/DD/YYYY MI_CLAIM_AMT_PAID Amount Mortgage Insurance Company Paid On Claim 2 No commas(,) or dollar signs ($) POOL_CLAIM_FILED_DATE Date Claim Was Filed With Pool Insurance Company MM/DD/YYYY POOL_CLAIM_AMT Amount of Claim Filed With Pool Insurance Company 2 No commas(,) or dollar signs ($) POOL_CLAIM_PAID_DATE Date Claim Was Settled and The Check Was Issued By The Pool Insurer MM/DD/YYYY POOL_CLAIM_AMT_PAID Amount Paid On Claim By Pool Insurance Company 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_FILED_DATE Date FHA Part A Claim Was Filed With HUD MM/DD/YYYY FHA_PART_A_CLAIM_AMT Amount of FHA Part A Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_PAID_DATE Date HUD Disbursed Part A Claim Payment MM/DD/YYYY FHA_PART_A_CLAIM_PAID_AMT Amount HUD Paid on Part A Claim 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_FILED_DATE Date FHA Part B Claim Was Filed With HUD MM/DD/YYYY FHA_PART_B_CLAIM_AMT Amount of FHA Part B Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_PAID_DATE Date HUD Disbursed Part B Claim Payment MM/DD/YYYY FHA_PART_B_CLAIM_PAID_AMT Amount HUD Paid on Part B Claim 2 No commas(,) or dollar signs ($) VA_CLAIM_FILED_DATE Date VA Claim Was Filed With the Veterans Admin MM/DD/YYYY VA_CLAIM_PAID_DATE Date Veterans Admin. Disbursed VA Claim Payment MM/DD/YYYY VA_CLAIM_PAID_AMT Amount Veterans Admin. Paid on VA Claim 2 No commas(,) or dollar signs ($)

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A AAA AAA Class A-IO AAA AAA Class M-1 Aa2 AA Class M-2 A2 A Class X-0 Xxx0 XXX Class M-IO Baa2 BBB None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. MORTGAGE LOAN PURCHASE AGREEMENT, dated as of such ratings December 22, 2005, as amended and supplemented by any and all amendments hereto (collectively, the Rating Agencies“Agreement”), by and between EMC MORTGAGE CORPORATION, a Delaware corporation (the “Seller”), and XXXXXXX XXXXX MORTGAGE INVESTORS, INC., a Delaware corporation (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Seller agrees to sell, and the Purchaser agrees to purchase, certain first lien, fixed-rate and adjustable-rate mortgage loans secured by one- to four-family residences, individual condominiums, co-op units and units in planned unit developments (collectively, the “Mortgage Loans”) as described on Annex I. The Purchaser intends to deposit the Mortgage Loans into a trust fund (the “Trust Fund”) and create Mortgage Pass-Through Certificates, Series MLMI 2005-A10 (the “Certificates”), under a pooling and servicing agreement, to be dated as of December 1, 2005 (the “Pooling and Servicing Agreement”), between the Purchaser, as seller, HSBC Bank USA, National Association, as trustee (the “Trustee”) and Xxxxx Fargo Bank, N.A., as master servicer and securities administrator (the “Master Servicer”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Xxxx of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class I-A AAA AAA Class I-A-IO AAA AAA Class II-A AAA AAA Class II-A-IO AAA AAA Class III-A AAA AAA Class III-A-IO AAA AAA Class IV-A AAA AAA Class IV-A-IO AAA AAA Class V-A AAA AAA Class V-A-IO AAA AAA Class M-1 Aa2 AA Class M-2 A2 A Class M-3 Baa2 BBB None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. MORTGAGE LOAN PURCHASE AGREEMENT, dated as of such ratings October 31, 2005, as amended and supplemented by any and all amendments hereto (collectively, the Rating Agencies“Agreement”), by and between KKR FINANCIAL MORTGAGE CORP., a Maryland corporation (the “Seller”), and XXXXXXX XXXXX MORTGAGE INVESTORS, INC., a Delaware corporation (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Seller agrees to sell, and the Purchaser agrees to purchase, certain first lien, fixed-rate and adjustable-rate mortgage loans secured by one- to four-family residences, individual condominiums, co-op units and units in planned unit developments (collectively, the “Mortgage Loans”) as described on Annex I. The Purchaser intends to deposit the Mortgage Loans into a trust fund (the “Trust Fund”) and create Mortgage Pass-Through Certificates, Series MLCC 2005-3 (the “Certificates”), under a pooling and servicing agreement, to be dated as of October 1, 2005 (the “Pooling and Servicing Agreement”), between the Purchaser, as seller, Wachovia Bank, National Association, as trustee (the “Trustee”) and Xxxxx Fargo Bank, N.A., as master servicer and securities administrator (the “Master Servicer”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class I-A AAA AAA Class I-A-IO AAA AAA Class II-A AAA AAA Class II-A-IO AAA AAA Class III-A AAA AAA Class III-A-IO AAA AAA Class IV-A AAA AAA Class IV-A-IO AAA AAA Class V-A AAA AAA Class V-A-IO AAA AAA Class M-1 Aa2 AA Class M-2 A2 A Class M-3 Baa2 BBB None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance of such ratings by letters. Re: Xxxxxxx Xxxxx Mortgage Investors, Inc. Mortgage Pass-Through Certificates, Series MLCC 2005-3 I, [identify the Rating Agencies.certifying individual], certify that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A AAA AAA Class A-IO AAA AAA Class M-1 Aa2 AA Class M-2 A2 A Class X-0 Xxx0 XXX Class M-IO Baa2 BBB None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. MORTGAGE LOAN PURCHASE AGREEMENT, dated as of such ratings December 22, 2005, as amended and supplemented by any and all amendments hereto (collectively, the Rating Agencies“Agreement”), by and between KKR FINANCIAL MORTGAGE CORP., a Maryland corporation (the “Seller”), and XXXXXXX XXXXX MORTGAGE INVESTORS, INC., a Delaware corporation (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Seller agrees to sell, and the Purchaser agrees to purchase, certain first lien, fixed-rate and adjustable-rate mortgage loans secured by one- to four-family residences, individual condominiums, co-op units and units in planned unit developments (collectively, the “Mortgage Loans”) as described on Annex I. The Purchaser intends to deposit the Mortgage Loans into a trust fund (the “Trust Fund”) and create Mortgage Pass-Through Certificates, Series MLMI 2005-A10 (the “Certificates”), under a pooling and servicing agreement, to be dated as of December 1, 2005 (the “Pooling and Servicing Agreement”), between the Purchaser, as seller, HSBC Bank USA, National Association, as trustee (the “Trustee”) and Xxxxx Fargo Bank, N.A., as master servicer and securities administrator (the “Master Servicer”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SUBSEQUENT MORTGAGE LOAN PURCHASE AGREEMENT, dated as of December 28, 2005, as amended and supplemented by any and all amendments hereto (collectively, the above ratings has been lowered“Agreement”), qualified or withdrawn since by and between KKR FINANCIAL MORTGAGE CORP., a Maryland corporation (the dates “Seller”), and XXXXXXX XXXXX MORTGAGE INVESTORS, INC., a Delaware corporation (the “Purchaser”). Upon the terms and subject to the conditions of issuance this Agreement, the Seller agrees to sell, and the Purchaser agrees to purchase, certain first lien, fixed-rate and adjustable-rate mortgage loans secured by one- to four-family residences, individual condominiums, co-op units and units in planned unit developments (collectively, the “Subsequent Mortgage Loans”) as described on Annex I. The Purchaser intends to deposit the Subsequent Mortgage Loans into a trust fund (the “Trust Fund”) and create Mortgage Pass-Through Certificates, Series MLMI 2005-A10 (the “Certificates”), under a pooling and servicing agreement, to be dated as of such ratings by December 1, 2005 (the Rating Agencies“Pooling and Servicing Agreement”), between the Purchaser, as seller, HSBC Bank USA, National Association, as trustee (the “Trustee”) and Xxxxx Fargo Bank, N.A., as master servicer and securities administrator (the “Master Servicer”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Pursuant to this Subsequent Transfer Instrument, dated [_______], 2005 (the “Instrument ”), between Bear Xxxxxxx Asset Backed Securities I LLC (the “Seller”), and Citibank, N.A., not individually but solely as trustee (in such capacity, the “Trustee”) under the Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Agreement”), among the Seller as depositor, EMC Mortgage Corporation as a seller and company, LaSalle Bank National Association as master servicer and securities administrator and the Trustee as trustee, the Seller and the Trustee, pursuant to the Agreement, agree to the sale by the Seller and the purchase by the Trustee of the above ratings has been lowered, qualified or withdrawn since Subsequent Mortgage Loans listed on the dates of issuance of such ratings by attached Exhibit 1 (the Rating Agencies“Subsequent Mortgage Loans”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SUBSEQUENT MORTGAGE LOAN PURCHASE AGREEMENT, dated as of December 30, 2005, as amended and supplemented by any and all amendments hereto (collectively, the above ratings has been lowered“Agreement”), qualified or withdrawn since by and between EMC MORTGAGE CORPORATION, a Delaware corporation (the dates “Seller”), and XXXXXXX XXXXX MORTGAGE INVESTORS, INC., a Delaware corporation (the “Purchaser”). Upon the terms and subject to the conditions of issuance this Agreement, the Seller agrees to sell, and the Purchaser agrees to purchase, certain first lien, fixed-rate and adjustable-rate mortgage loans secured by one- to four-family residences, individual condominiums, co-op units and units in planned unit developments (collectively, the “Subsequent Mortgage Loans”) as described on Annex I. The Purchaser intends to deposit the Subsequent Mortgage Loans into a trust fund (the “Trust Fund”) and create Mortgage Pass-Through Certificates, Series MLMI 2005-A10 (the “Certificates”), under a pooling and servicing agreement, to be dated as of such ratings by December 1, 2005 (the Rating Agencies“Pooling and Servicing Agreement”), between the Purchaser, as seller, HSBC Bank USA, National Association, as trustee (the “Trustee”) and Xxxxx Fargo Bank, N.A., as master servicer and securities administrator (the “Master Servicer”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Pursuant to this Subsequent Transfer Instrument, dated December 30, 2005 (the “Instrument”), between Xxxxxxx Xxxxx Mortgage Investors, Inc. as seller (the “Seller”), and HSBC Bank USA, National Association, not individually but solely as trustee (in such capacity, the “Trustee”) under the Pooling and Servicing Agreement, dated as of December 1, 2005 (the above ratings has been lowered“Agreement”), qualified among Xxxxxxx Xxxxx Mortgage Investors, Inc. (the “Depositor”) as depositor, Xxxxx Fargo Bank, N.A., (“Xxxxx Fargo”) as master servicer and securities administrator (the “Master Servicer” or withdrawn since “Securities Administrator”, as applicable) and HSBC Bank USA, National Association as trustee (“HSBC” or the dates of issuance of such ratings by “Trustee”). Capitalized terms used but not otherwise defined herein shall have the Rating Agenciesmeanings set forth in the Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July September 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November December 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November December 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July September 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may be different than the LOAN_NBR LOAN_NBR A unique identifier assigned to each loan by the originator. CLIENT_NBR Servicer Client Number SERV_INVESTOR_NBR Contains a unique number as assigned by an external servicer to identify a group of loans in their system. BORROWER_FIRST_NAME First Name of the above ratings Borrower. BORROWER_LAST_NAME Last name of the borrower. PROP_ADDRESS Street Name and Number of Property PROP_STATE The state where the property located. PROP_ZIP Zip code where the property is located. BORR_NEXT_PAY_DUE_DATE The date that the borrower's next payment is due to the servicer at the end of processing cycle, as reported by Servicer. MM/DD/YYYY LOAN_TYPE Loan Type (i.e. FHA, VA, Conv) BANKRUPTCY_FILED_DATE The date a particular bankruptcy claim was filed. MM/DD/YYYY BANKRUPTCY_CHAPTER_CODE The chapter under which the bankruptcy was filed. BANKRUPTCY_CASE_NBR The case number assigned by the court to the bankruptcy filing. POST_PETITION_DUE_DATE The payment due date once the bankruptcy has been lowered, qualified or withdrawn since the dates of issuance of such ratings approved by the Rating Agencies.courts MM/DD/YYYY BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. Either by Dismissal, Discharged and/or a Motion For Relief Was Granted. MM/DD/YYYY LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The Servicer MM/DD/YYYY LOSS_MIT_TYPE The Type Of Loss Mitigation Approved For A Loan Such As; LOSS_MIT_EST_COMP_DATE The Date The Loss Mitigation /Plan Is Scheduled To End/Close MM/DD/YYYY LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually Completed MM/DD/YYYY FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer with instructions to begin foreclosure proceedings. MM/DD/YYYY ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue Foreclosure MM/DD/YYYY FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a Foreclosure Action MM/DD/YYYY FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected to occur. MM/DD/YYYY FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY FRCLSR_SALE_AMT The amount a property sold for at the foreclosure sale. 2 No commas(,) or dollar signs ($) EVICTION_START_DATE The date the servicer initiates eviction of the borrower. MM/DD/YYYY EVICTION_COMPLETED_DATE The date the court revokes legal possession of the property from the borrower. MM/DD/YYYY LIST_PRICE The price at which an REO property is marketed. 2 No commas(,) or dollar signs ($) LIST_DATE The date an REO property is listed at a particular price. MM/DD/YYYY OFFER_AMT The dollar value of an offer for an REO property. 2 No commas(,) or dollar signs ($) OFFER_DATE_TIME The date an offer is received by DA Admin or by the Servicer. MM/DD/YYYY REO_CLOSING_DATE The date the REO sale of the property is scheduled to close. MM/DD/YYYY REO_ACTUAL_CLOSING_DATE Actual Date Of REO Sale MM/DD/YYYY OCCUPANT_CODE Classification of how the property is occupied. PROP_CONDITION_CODE A code that indicates the condition of the property. PROP_INSPECTION_DATE The date a property inspection is performed. MM/DD/YYYY APPRAISAL_DATE The date the appraisal was done. MM/DD/YYYY CURR_PROP_VAL The current "as is" value of the property based on brokers price opinion or appraisal. 2 REPAIRED_PROP_VAL The amount the property would be worth if repairs are completed pursuant to a broker's price opinion or appraisal. 2 DELINQ_STATUS_CODE FNMA Code Describing Status of Loan DELINQ_REASON_CODE The circumstances which caused a borrower to stop paying on a loan. Code indicates the reason why the loan is in default for this cycle. MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With Mortgage Insurance Company. MM/DD/YYYY MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,) or dollar signs ($) MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim Payment MM/DD/YYYY MI_CLAIM_AMT_PAID Amount Mortgage Insurance Company Paid On Claim 2 No commas(,) or dollar signs ($) POOL_CLAIM_FILED_DATE Date Claim Was Filed With Pool Insurance Company MM/DD/YYYY POOL_CLAIM_AMT Amount of Claim Filed With Pool Insurance Company 2 No commas(,) or dollar signs ($) POOL_CLAIM_PAID_DATE Date Claim Was Settled and The Check Was Issued By The Pool Insurer MM/DD/YYYY POOL_CLAIM_AMT_PAID Amount Paid On Claim By Pool Insurance Company 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_FILED_DATE Date FHA Part A Claim Was Filed With HUD MM/DD/YYYY FHA_PART_A_CLAIM_AMT Amount of FHA Part A Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_PAID_DATE Date HUD Disbursed Part A Claim Payment MM/DD/YYYY FHA_PART_A_CLAIM_PAID_AMT Amount HUD Paid on Part A Claim 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_FILED_DATE Date FHA Part B Claim Was Filed With HUD MM/DD/YYYY FHA_PART_B_CLAIM_AMT Amount of FHA Part B Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_PAID_DATE Date HUD Disbursed Part B Claim Payment MM/DD/YYYY FHA_PART_B_CLAIM_PAID_AMT Amount HUD Paid on Part B Claim 2 No commas(,) or dollar signs ($) VA_CLAIM_FILED_DATE Date VA Claim Was Filed With the Veterans Admin MM/DD/YYYY VA_CLAIM_PAID_DATE Date Veterans Admin. Disbursed VA Claim Payment MM/DD/YYYY VA_CLAIM_PAID_AMT Amount Veterans Admin. Paid on VA Claim 2 No commas(,) or dollar signs ($) The Loss Mit Type field should show the approved Loss Mitigation Code as follows: • ASUM- Approved Assumption • BAP- Borrower Assistance Program • CO- Charge Off • DIL- Deed-in-Lieu • FFA- Formal Forbearance Agreement • MOD- Loan Modification • PRE- Pre-Sale • SS- Short Sale • MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The Occupant Code field should show the current status of the property code as follows: • Mortgagor • Tenant • Unknown • Vacant The Property Condition field should show the last reported condition of the property as follows: • Damaged • Excellent • Fair • Gone • Good • Poor • Special Hazard • Unknown

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class I-A AAA AAA Class I-A-IO AAA AAA Class II-A AAA AAA Class II-A-IO AAA AAA Class III-A AAA AAA Class III-A-IO AAA AAA Class IV-A AAA AAA Class IV-A-IO AAA AAA Class V-A AAA AAA Class V-A-IO AAA AAA Class M-1 Aa2 AA Class M-2 A2 A Class M-3 Baa2 BBB None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. SALE AND ASSIGNMENT AGREEMENT, dated as of such ratings October 31, 2005, as amended and supplemented by any and all amendments hereto (collectively, the Rating Agencies“Agreement”), by and between KKR FINANCIAL CORP., a Maryland corporation (the “Seller”), and KKR FINANCIAL MORTGAGE CORP., a Maryland corporation (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Seller agrees to sell, and the Purchaser agrees to purchase, certain first lien, fixed-rate and adjustable-rate mortgage loans secured by one- to four-family residences, individual condominiums, co-op units and units in planned unit developments (collectively, the “Mortgage Loans”) as described herein. The Purchaser intends to sell the Mortgage Loans to Xxxxxxx Xxxxx Mortgage Investors, Inc. (the “Depositor”), which intends, in turn, to deposit the Mortgage Loans into a trust fund (the “Trust Fund”) and create Mortgage Pass-Through Certificates, Series MLCC 2005-3 (the “Certificates”), under a pooling and servicing agreement, to be dated as of October 1, 2005 (the “Pooling and Servicing Agreement”), between the Purchaser, as seller, Wachovia Bank, National Association, as trustee (the “Trustee”) and Xxxxx Fargo Bank, N.A., as master servicer and securities administrator (the “Master Servicer”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in Subsection 10 Mortgage various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage West Virginia Mortgage Lender, Broker and Servicer Act, W. Loan Act Loan Va. Code Xxx. §§ Sections 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Name of Anti-Predatory Lending Category under Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law ------------------ ------------------------------ -------------------------- Georgia (Oct. 1, 2002 – 0000 Xxxxxxx Xxxx Xxxxxxx Xxx, Xx. Code Covered Loan - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey 0000 Xxx Xxxxxx Xxx Xxxxxx Home Ownership Security Covered Home Loan Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan STANDARD & POOR'S HOME LOAN CATEGORIZATION Name of Anti-Predatory Lending Category under Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law ------------------ ------------------------------ -------------------------- Georgia (Oct. 1, 2002 – 0000 Xxxxxxx Xxxx Xxxxxxx Xxx, Xx. Code Home Loan - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey 0000 Xxx Xxxxxx Xxx Xxxxxx Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Home Loan Stat. §§ Sections 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on Consumer Home Loan High Cost Home Loans, N.C. Gen. Stat. §§ Sections 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loan Consumer Home Loans Act, S.C. Code Xxx. §§ Sections 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan - SCHEDULE A TO MORTGAGE LOAN PURCHASE AGREEMENT - REQUIRED 39RATINGS FOR EACH CLASS OF CERTIFICATES Offered Certificates Class Xxxxx'x S&P ----- ------- --- Class I-A1 Aaa AAA Class I-A2 Aaa AAA Class II-A1 Aaa AAA Class II-A2 Aaa AAA Class A-R N/R AAA Class M-1 N/R AA Class M-2 N/R A Class M-3 N/R BBB None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. EXHIBIT K SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE (RMBS UNLESS OTHERWISE NOTED) KEY: X - obligation 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. CAPITALIZED TERMS USED HEREIN BUT NOT DEFINED HEREIN SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE POOLING AND SERVICING AGREEMENT, DATED AS OF MARCH 1, 2006, AMONG XXXXXXX XXXXX MORTGAGE INVESTORS, INC., AS DEPOSITOR, XXXXX FARGO BANK, N.A., AS MASTER SERVICER AND SECURITIES ADMINISTRATOR AND HSBC BANK USA, NATIONAL ASSOCIATION, AS TRUSTEE. REG AB REFERENCE SERVICING CRITERIA SECURITIES ADMINISTRATOR MASTER SERVICER ---------------- ----------------------------------------------------------- ------------------------ --------------- GENERAL SERVICING CONSIDERATIONS 1122(d)(1)(i) Policies and procedures are instituted to monitor any X X performance or other triggers and events of default in accordance with the transaction agreements. 1122(d)(1)(ii) If any material servicing activities are outsourced to X X third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such ratings servicing activities. 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain N/A N/A a back-up servicer for the Pool Assets are maintained. 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in X 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 Rating Agenciesterms of the transaction agreements. CASH COLLECTION AND ADMINISTRATION 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate X X 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. 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an X X obligor or to an investor are made only by authorized personnel. 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash X flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. 1122(d)(2)(iv) The related accounts for the transaction, such as cash X X 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.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in Subsection 10 Mortgage various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. 2004 Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Name of Anti-Predatory Lending Category under Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law ------------------ --------------------------------- --------------------------- Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Covered Loan 6, 2003) Code XxxAnn. §§ Sections 7-6A-1 et seq. Effective Effxxxive October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Xxxxxxx Xxxx Xxxx Security Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan STANDARD & POOR'S HOME LOAN CATEGORIZATION Name of Anti-Predatory Lending Category under Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law ------------------ --------------------------------- --------------------------- Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Home Loan 6, 2003) Code XxxAnn. §§ Sections 7-6A-1 et seq. Effective Effxxxive October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Xxxx Xxxx Security Home Loan Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.2003

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in Subsection 10 Mortgage various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Name of Anti-Predatory Category under Applicable State/Jurisdiction Lending Law/Effective Date Anti-Predatory Lending Law ----------------------------- --------------------------------- ---------------------------- Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Covered Loan 6, 2003) Code Xxx. §§ Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey 0000 Xxx Xxxxxx Xxx Xxxxxx Home Ownership Covered Home Loan Security Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan STANDARD & POOR'S HOME LOAN CATEGORIZATION Name of Anti-Predatory Category under Applicable State/Jurisdiction Lending Law/Effective Date Anti-Predatory Lending Law ----------------------------- --------------------------------- ---------------------------- Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Home Loan 6, 2003) Code Xxx. §§ Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 0000 Xxx Xxxxxx Xxx Xxxxxx Home Ownership Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.2003

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Category under Applicable Anti-Predatory LendingLaw South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Category under Applicable Anti-Predatory LendingLaw Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Category under Applicable Anti-Predatory LendingLaw Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Category under Applicable Anti-Predatory LendingLaw Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None I, as _________________________ (title) of ________ (the “Custodian”), am authorized to make this Lost Note Affidavit on behalf of __________. In connection with the administration of the above ratings Mortgage Loans held by _______________ as Custodian on behalf of ____________ (“____”) or the Trust of such mortgage loans, as the case may be (the “Investor”), I (hereinafter called “Deponent”), being duly sworn, depose and say that: Custodian’s address is: [CUSTODIAN’S Address] Custodian previously delivered to the Investor a signed Trust Receipt with respect to the Mortgage Note referred to below; Such Mortgage Note was endorsed or sold to the Investor by _________________________ pursuant to the terms and provisions of a ____________________ Agreement dated and effective as of _________ ______, ____; Such Mortgage Note is not outstanding pursuant to a Request for Release of Documents; Such Mortgage Note (hereinafter called the “Original”) has been loweredlost; Deponent has made or has caused to be made diligent search for Original and has been unable to find or recover same; Each Custodian was each Custodian of the Original at the time of loss; and Deponent agrees that, qualified if the Original should ever come into Custodian’s possession, custody or withdrawn since power, Custodian will immediately and without consideration surrender Original to the dates Investor. Attached hereto is a true and correct copy of the (i) Mortgage Note, endorsed in blank by the Mortgagee, and (ii) [Mortgage][Deed of Trust] with evidence of recording thereon which secures the Mortgage Note. Deponent hereby agrees that each Custodian shall indemnify and hold harmless the Purchaser, the Trust, the Servicer of the related Mortgage Loan and their respective employees, officers, directors and agents against any loss, liability or damage, including reasonable attorney’s fees, resulting from the unavailability of the Mortgage Note, including but not limited to any loss, liability or damage arising from (i) any false statement contained in this Lost Note Affidavit, (ii) any claim of any party that it has already purchased a mortgage loan evidenced by the lost Mortgage Note or any interest in such mortgage loan, (iii) any claim of any borrower with respect to the existence of terms of a Mortgage Loan evidenced by the lost Mortgage Note, (iv) the issuance of new instrument in lieu thereof and (v) any claim whether or not based upon or arising from honoring or refusing to honor the Original when presented by anyone (items (i) through (iv) above are hereinafter referred to as the “Losses”) and (b) if required by any Rating Agency in connection with placing such ratings lost Mortgage Note into a securitization transaction, shall obtain a surety bond from an insurer acceptable to the applicable Rating Agency in an amount acceptable to such Rating Agency to cover any Losses with respect to such lost Mortgage Note. Capitalized terms used herein but not defined herein have the meanings given them in the Pooling and Servicing Agreement, dated as of September 1, 2007, between Xxxxxx Xxxxxxx Capital I Inc., as Depositor, Xxxxx Fargo Bank, National Association, as Master Servicer and as Securities Administrator, LaSalle Bank National Association, as Trustee and Custodian. This Lost Note Affidavit is intended to be relied on by the Rating AgenciesInvestor, its successors, and assigns and _______________________ represents and warrants that it has the authority to perform its obligations under this Lost Note Affidavit.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 2000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None THIS SUPPLEMENTAL TRANSFER AGREEMENT, dated as of ____________, 200_ (this “Supplemental Transfer Agreement”), among CWMBS, INC., a Delaware corporation, as depositor (the above ratings has been lowered“Depositor”), qualified or withdrawn since under the dates of issuance of such ratings by Pooling and Servicing Agreement referred to below, and THE BANK OF NEW YORK, a New York banking corporation, as trustee (the Rating Agencies.“Trustee”);

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Pursuant to this Subsequent Transfer Instrument, dated [_______], 2005 (the “Instrument ”), between Bear Xxxxxxx Asset Backed Securities I LLC (the “Depositor”), and Lasalle Bank National Association, not individually but solely as trustee (in such capacity, the “Trustee”) under the Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Agreement”), among the Seller as depositor, EMC Mortgage Corporation as seller and as master servicer and the Trustee as trustee, the Seller and the Trustee, pursuant to the Agreement, agree to the sale by the Depositor and the purchase by the Trustee of the above ratings has been lowered, qualified or withdrawn since Subsequent Mortgage Loans listed on the dates of issuance of such ratings by attached Exhibit 1 (the Rating Agencies“Subsequent Mortgage Loans”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July September 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November December 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November December 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July September 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SER_INVESTOR_NBR A value assigned by the Servicer to define a group of loans. Text up to 10 digits 20 LOAN_NBR A unique identifier assigned to each loan by the investor. Text up to 10 digits 10 SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may be different than the LOAN_NBR. Text up to 10 digits 10 BORROWER_NAME The borrower name as received in the file. It is not separated by first and last name. Maximum length of 30 (Last, First) 30 SCHED_PAY_AMT Scheduled monthly principal and scheduled interest payment that a borrower is expected to pay, P&I constant. 2 No commas(,) or dollar signs ($) 11 NOTE_INT_RATE The loan interest rate as reported by the Servicer. 4 Max length of 6 6 NET_INT_RATE The loan gross interest rate less the service fee rate as reported by the Servicer. 4 Max length of 6 6 SERV_FEE_RATE The servicer's fee rate for a loan as reported by the Servicer. 4 Max length of 6 6 SERV_FEE_AMT The servicer's fee amount for a loan as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 NEW_PAY_AMT The new loan payment amount as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 NEW_LOAN_RATE The new loan rate as reported by the Servicer. 4 Max length of 6 6 ARM_INDEX_RATE The index the Servicer is using to calculate a forecasted rate. 4 Max length of 6 6 ACTL_BEG_PRIN_BAL The borrower's actual principal balance at the beginning of the above ratings processing cycle. 2 No commas(,) or dollar signs ($) 11 ACTL_END_PRIN_BAL The borrower's actual principal balance at the end of the processing cycle. 2 No commas(,) or dollar signs ($) 11 BORR_NEXT_PAY_DUE_DATE The date at the end of processing cycle that the borrower's next payment is due to the Servicer, as reported by Servicer. MM/DD/YYYY 10 SERV_CURT_AMT_1 The first curtailment amount to be applied. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_DATE_1 The curtailment date associated with the first curtailment amount. MM/DD/YYYY 10 CURT_ADJ_ AMT_1 The curtailment interest on the first curtailment amount, if applicable. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_AMT_2 The second curtailment amount to be applied. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_DATE_2 The curtailment date associated with the second curtailment amount. MM/DD/YYYY 10 CURT_ADJ_ AMT_2 The curtailment interest on the second curtailment amount, if applicable. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_AMT_3 The third curtailment amount to be applied. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_DATE_3 The curtailment date associated with the third curtailment amount. MM/DD/YYYY 10 CURT_ADJ_AMT_3 The curtailment interest on the third curtailment amount, if applicable. 2 No commas(,) or dollar signs ($) 11 PIF_AMT The loan "paid in full" amount as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 PIF_DATE The paid in full date as reported by the Servicer. MM/DD/YYYY 10 Action Code Key: 15=Bankruptcy, 00=Xxxxxxxxxxx, , 00=XXX, 63=Substitution, 65=Repurchase,70=REO 2 ACTION_CODE The standard FNMA numeric code used to indicate the default/delinquent status of a particular loan. INT_ADJ_AMT The amount of the interest adjustment as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 SOLDIER_SAILOR_ADJ_AMT The Soldier and Sailor Adjustment amount, if applicable. 2 No commas(,) or dollar signs ($) 11 NON_ADV_LOAN_AMT The Non Recoverable Loan Amount, if applicable. 2 No commas(,) or dollar signs ($) 11 LOAN_LOSS_AMT The amount the Servicer is passing as a loss, if applicable. 2 No commas(,) or dollar signs ($) 11 SCHED_BEG_PRIN_BAL The scheduled outstanding principal amount due at the beginning of the cycle date to be passed through to investors. 2 No commas(,) or dollar signs ($) 11 SCHED_END_PRIN_BAL The scheduled principal balance due to investors at the end of a processing cycle. 2 No commas(,) or dollar signs ($) 11 SCHED_PRIN_AMT The scheduled principal amount as reported by the Servicer for the current cycle -- only applicable for Scheduled/Scheduled Loans. 2 No commas(,) or dollar signs ($) 11 SCHED_NET_INT The scheduled gross interest amount less the service fee amount for the current cycle as reported by the Servicer -- only applicable for Scheduled/Scheduled Loans. 2 No commas(,) or dollar signs ($) 11 ACTL_PRIN_AMT The actual principal amount collected by the Servicer for the current reporting cycle -- only applicable for Actual/Actual Loans. 2 No commas(,) or dollar signs ($) 11 ACTL_NET_INT The actual gross interest amount less the service fee amount for the current reporting cycle as reported by the Servicer -- only applicable for Actual/Actual Loans. 2 No commas(,) or dollar signs ($) 11 PREPAY_PENALTY_ AMT The penalty amount received when a borrower prepays on his loan as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 PREPAY_PENALTY_ WAIVED The prepayment penalty amount for the loan waived by the servicer. 2 No commas(,) or dollar signs ($) 11 MOD_DATE The Effective Payment Date of the Modification for the loan. MM/DD/YYYY 10 MOD_TYPE The Modification Type. Varchar - value can be alpha or numeric 30 DELINQ_P&I_ADVANCE_AMT The current outstanding principal and interest advances made by Servicer. 2 No commas(,) or dollar signs ($) 11 SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may be different than the LOAN_NBR LOAN_NBR A unique identifier assigned to each loan by the originator. CLIENT_NBR Servicer Client Number SERV_INVESTOR_NBR Contains a unique number as assigned by an external servicer to identify a group of loans in their system. BORROWER_FIRST_NAME First Name of the Borrower. BORROWER_LAST_NAME Last name of the borrower. PROP_ADDRESS Street Name and Number of Property PROP_STATE The state where the property located. PROP_ZIP Zip code where the property is located. BORR_NEXT_PAY_DUE_DATE The date that the borrower's next payment is due to the servicer at the end of processing cycle, as reported by Servicer. MM/DD/YYYY LOAN_TYPE Loan Type (i.e. FHA, VA, Conv) BANKRUPTCY_FILED_DATE The date a particular bankruptcy claim was filed. MM/DD/YYYY BANKRUPTCY_CHAPTER_CODE The chapter under which the bankruptcy was filed. BANKRUPTCY_CASE_NBR The case number assigned by the court to the bankruptcy filing. POST_PETITION_DUE_DATE The payment due date once the bankruptcy has been lowered, qualified or withdrawn since the dates of issuance of such ratings approved by the Rating Agencies.courts MM/DD/YYYY BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. Either by Dismissal, Discharged and/or a Motion For Relief Was Granted. MM/DD/YYYY LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The Servicer MM/DD/YYYY LOSS_MIT_TYPE The Type Of Loss Mitigation Approved For A Loan Such As; LOSS_MIT_EST_COMP_DATE The Date The Loss Mitigation /Plan Is Scheduled To End/Close MM/DD/YYYY LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually Completed MM/DD/YYYY FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer with instructions to begin foreclosure proceedings. MM/DD/YYYY ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue Foreclosure MM/DD/YYYY FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a Foreclosure Action MM/DD/YYYY FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected to occur. MM/DD/YYYY FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY FRCLSR_SALE_AMT The amount a property sold for at the foreclosure sale. 2 No commas(,) or dollar signs ($) EVICTION_START_DATE The date the servicer initiates eviction of the borrower. MM/DD/YYYY EVICTION_COMPLETED_DATE The date the court revokes legal possession of the property from the borrower. MM/DD/YYYY LIST_PRICE The price at which an REO property is marketed. 2 No commas(,) or dollar signs ($) LIST_DATE The date an REO property is listed at a particular price. MM/DD/YYYY OFFER_AMT The dollar value of an offer for an REO property. 2 No commas(,) or dollar signs ($) OFFER_DATE_TIME The date an offer is received by DA Admin or by the Servicer. MM/DD/YYYY REO_CLOSING_DATE The date the REO sale of the property is scheduled to close. MM/DD/YYYY REO_ACTUAL_CLOSING_DATE Actual Date Of REO Sale MM/DD/YYYY OCCUPANT_CODE Classification of how the property is occupied. PROP_CONDITION_CODE A code that indicates the condition of the property. PROP_INSPECTION_DATE The date a property inspection is performed. MM/DD/YYYY APPRAISAL_DATE The date the appraisal was done. MM/DD/YYYY CURR_PROP_VAL The current "as is" value of the property based on brokers price opinion or appraisal. 2 REPAIRED_PROP_VAL The amount the property would be worth if repairs are completed pursuant to a broker's price opinion or appraisal. 2 DELINQ_STATUS_CODE FNMA Code Describing Status of Loan DELINQ_REASON_CODE The circumstances which caused a borrower to stop paying on a loan. Code indicates the reason why the loan is in default for this cycle. MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With Mortgage Insurance Company. MM/DD/YYYY MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,) or dollar signs ($) MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim Payment MM/DD/YYYY MI_CLAIM_AMT_PAID Amount Mortgage Insurance Company Paid On Claim 2 No commas(,) or dollar signs ($) POOL_CLAIM_FILED_DATE Date Claim Was Filed With Pool Insurance Company MM/DD/YYYY POOL_CLAIM_AMT Amount of Claim Filed With Pool Insurance Company 2 No commas(,) or dollar signs ($) POOL_CLAIM_PAID_DATE Date Claim Was Settled and The Check Was Issued By The Pool Insurer MM/DD/YYYY POOL_CLAIM_AMT_PAID Amount Paid On Claim By Pool Insurance Company 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_FILED_DATE Date FHA Part A Claim Was Filed With HUD MM/DD/YYYY FHA_PART_A_CLAIM_AMT Amount of FHA Part A Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_PAID_DATE Date HUD Disbursed Part A Claim Payment MM/DD/YYYY FHA_PART_A_CLAIM_PAID_AMT Amount HUD Paid on Part A Claim 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_FILED_DATE Date FHA Part B Claim Was Filed With HUD MM/DD/YYYY FHA_PART_B_CLAIM_AMT Amount of FHA Part B Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_PAID_DATE Date HUD Disbursed Part B Claim Payment MM/DD/YYYY FHA_PART_B_CLAIM_PAID_AMT Amount HUD Paid on Part B Claim 2 No commas(,) or dollar signs ($) VA_CLAIM_FILED_DATE Date VA Claim Was Filed With the Veterans Admin MM/DD/YYYY VA_CLAIM_PAID_DATE Date Veterans Admin. Disbursed VA Claim Payment MM/DD/YYYY VA_CLAIM_PAID_AMT Amount Veterans Admin. Paid on VA Claim 2 No commas(,) or dollar signs ($)

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may be different than the LOAN_NBR LOAN_NBR A unique identifier assigned to each loan by the originator. CLIENT_NBR Servicer Client Number SERV_INVESTOR_NBR Contains a unique number as assigned by an external servicer to identify a group of loans in their system. BORROWER_FIRST_NAME First Name of the above ratings Borrower. BORROWER_LAST_NAME Last name of the borrower. PROP_ADDRESS Street Name and Number of Property PROP_STATE The state where the property located. PROP_ZIP Zip code where the property is located. BORR_NEXT_PAY_DUE_DATE The date that the borrower's next payment is due to the servicer at the end of processing cycle, as reported by Servicer. MM/DD/YYYY LOAN_TYPE Loan Type (i.e. FHA, VA, Conv) BANKRUPTCY_FILED_DATE The date a particular bankruptcy claim was filed. MM/DD/YYYY BANKRUPTCY_CHAPTER_CODE The chapter under which the bankruptcy was filed. BANKRUPTCY_CASE_NBR The case number assigned by the court to the bankruptcy filing. POST_PETITION_DUE_DATE The payment due date once the bankruptcy has been lowered, qualified or withdrawn since the dates of issuance of such ratings approved by the Rating Agencies.courts MM/DD/YYYY BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. Either by Dismissal, Discharged and/or a Motion For Relief Was Granted. MM/DD/YYYY LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The Servicer MM/DD/YYYY LOSS_MIT_TYPE The Type Of Loss Mitigation Approved For A Loan Such As; LOSS_MIT_EST_COMP_DATE The Date The Loss Mitigation /Plan Is Scheduled To End/Close MM/DD/YYYY LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually Completed MM/DD/YYYY FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer with instructions to begin foreclosure proceedings. MM/DD/YYYY ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue Foreclosure MM/DD/YYYY FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a Foreclosure Action MM/DD/YYYY FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected to occur. MM/DD/YYYY FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY FRCLSR_SALE_AMT The amount a property sold for at the foreclosure sale. 2 No commas(,) or dollar signs ($) EVICTION_START_DATE The date the servicer initiates eviction of the borrower. MM/DD/YYYY EVICTION_COMPLETED_DATE The date the court revokes legal possession of the property from the borrower. MM/DD/YYYY LIST_PRICE The price at which an REO property is marketed. 2 No commas(,) or dollar signs ($) LIST_DATE The date an REO property is listed at a particular price. MM/DD/YYYY OFFER_AMT The dollar value of an offer for an REO property. 2 No commas(,) or dollar signs ($) OFFER_DATE_TIME The date an offer is received by DA Admin or by the Servicer. MM/DD/YYYY REO_CLOSING_DATE The date the REO sale of the property is scheduled to close. MM/DD/YYYY REO_ACTUAL_CLOSING_DATE Actual Date Of REO Sale MM/DD/YYYY OCCUPANT_CODE Classification of how the property is occupied. PROP_CONDITION_CODE A code that indicates the condition of the property. PROP_INSPECTION_DATE The date a property inspection is performed. MM/DD/YYYY APPRAISAL_DATE The date the appraisal was done. MM/DD/YYYY CURR_PROP_VAL The current "as is" value of the property based on brokers price opinion or appraisal. 2 REPAIRED_PROP_VAL The amount the property would be worth if repairs are completed pursuant to a broker's price opinion or appraisal. 2 DELINQ_STATUS_CODE FNMA Code Describing Status of Loan DELINQ_REASON_CODE The circumstances which caused a borrower to stop paying on a loan. Code indicates the reason why the loan is in default for this cycle. MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With Mortgage Insurance Company. MM/DD/YYYY MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,) or dollar signs ($) MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim Payment MM/DD/YYYY MI_CLAIM_AMT_PAID Amount Mortgage Insurance Company Paid On Claim 2 No commas(,) or dollar signs ($) POOL_CLAIM_FILED_DATE Date Claim Was Filed With Pool Insurance Company MM/DD/YYYY POOL_CLAIM_AMT Amount of Claim Filed With Pool Insurance Company 2 No commas(,) or dollar signs ($) POOL_CLAIM_PAID_DATE Date Claim Was Settled and The Check Was Issued By The Pool Insurer MM/DD/YYYY POOL_CLAIM_AMT_PAID Amount Paid On Claim By Pool Insurance Company 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_FILED_DATE Date FHA Part A Claim Was Filed With HUD MM/DD/YYYY FHA_PART_A_CLAIM_AMT Amount of FHA Part A Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_A_CLAIM_PAID_DATE Date HUD Disbursed Part A Claim Payment MM/DD/YYYY FHA_PART_A_CLAIM_PAID_AMT Amount HUD Paid on Part A Claim 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_FILED_DATE Date FHA Part B Claim Was Filed With HUD MM/DD/YYYY FHA_PART_B_CLAIM_AMT Amount of FHA Part B Claim Filed 2 No commas(,) or dollar signs ($) FHA_PART_B_CLAIM_PAID_DATE Date HUD Disbursed Part B Claim Payment MM/DD/YYYY FHA_PART_B_CLAIM_PAID_AMT Amount HUD Paid on Part B Claim 2 No commas(,) or dollar signs ($) VA_CLAIM_FILED_DATE Date VA Claim Was Filed With the Veterans Admin MM/DD/YYYY VA_CLAIM_PAID_DATE Date Veterans Admin. Disbursed VA Claim Payment MM/DD/YYYY VA_CLAIM_PAID_AMT Amount Veterans Admin. Paid on VA Claim 2 No commas(,) or dollar signs ($) The Loss Mit Type field should show the approved Loss Mitigation Code as follows: • ASUM- Approved Assumption • BAP- Borrower Assistance Program • CO- Charge Off • DIL- Deed-in-Lieu • FFA- Formal Forbearance Agreement • MOD- Loan Modification • PRE- Pre-Sale • SS- Short Sale • MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The Occupant Code field should show the current status of the property code as follows: • Mortgagor • Tenant • Unknown • Vacant The Property Condition field should show the last reported condition of the property as follows: • Damaged • Excellent • Fair • Gone • Good • Poor • Special Hazard • Unknown

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None HSBC Bank USA, National Association 000 Xxxxx Xxxxxx Xxx Xxxx, XX 00000 Fax: (000) 000-0000 HSBC Bank USA, National Association, Not in its individual capacity, but solely as Trustee with respect to the Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM2 Tel: 000-000-0000 Fax: 000-000-0000 Subject: Interest Rate Cap Transaction Reference Number: 409884HN/409885HN The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the above ratings has been loweredTransaction entered into between us on the Trade Date specified below, qualified or withdrawn since and subsequently amended as set out below (the dates of issuance of “Transaction”) between HSBC Bank USA, N.A. (“HSBC”) and HSBC Bank USA, National Association, not in its individual capacity, but solely as trustee with respect to the Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-FM2 (in such ratings by capacity, the Rating Agencies“Counterparty”). This Confirmation constitutes a “Confirmation” as referred to in the ISDA Form Master Agreement (as defined below), as well as a “Schedule” as referred to in the ISDA Form Master Agreement. In this Confirmation “Party A” means HSBC and “Party B” means the Counterparty.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None I, as _________________________ (title) of ________ (the “Custodian”), am authorized to make this Lost Note Affidavit on behalf of __________. In connection with the administration of the above ratings Mortgage Loans held by _______________ as Custodian on behalf of ____________ (“____”) or the Trust of such mortgage loans, as the case may be (the “Investor”), I (hereinafter called “Deponent”), being duly sworn, depose and say that: Custodian’s address is: [CUSTODIAN’S Address] Custodian previously delivered to the Investor a signed Trust Receipt with respect to the Mortgage Note referred to below; Such Mortgage Note was endorsed or sold to the Investor by _________________________ pursuant to the terms and provisions of a ____________________ Agreement dated and effective as of _________ ______, ____; Such Mortgage Note is not outstanding pursuant to a Request for Release of Documents; Such Mortgage Note (hereinafter called the “Original”) has been loweredlost; Deponent has made or has caused to be made diligent search for Original and has been unable to find or recover same; The Custodian was the Custodian of the Original at the time of loss; and Deponent agrees that, qualified if the Original should ever come into Custodian’s possession, custody or withdrawn since power, Custodian will immediately and without consideration surrender Original to the dates Investor. Attached hereto is a true and correct copy of the (i) Mortgage Note, endorsed in blank by the Mortgagee, and (ii) [Mortgage][Deed of Trust] with evidence of recording thereon which secures the Mortgage Note. Deponent hereby agrees that the Custodian shall indemnify and hold harmless the Purchaser, the Trust, the Servicer of the related Mortgage Loan and their respective employees, officers, directors and agents against any loss, liability or damage, including reasonable attorney’s fees, resulting from the unavailability of the Mortgage Note, including but not limited to any loss, liability or damage arising from (i) any false statement contained in this Lost Note Affidavit, (ii) any claim of any party that it has already purchased a mortgage loan evidenced by the lost Mortgage Note or any interest in such mortgage loan, (iii) any claim of any borrower with respect to the existence of terms of a Mortgage Loan evidenced by the lost Mortgage Note, (iv) the issuance of new instrument in lieu thereof and (v) any claim whether or not based upon or arising from honoring or refusing to honor the Original when presented by anyone (items (i) through (iv) above are hereinafter referred to as the “Losses”) and (b) if required by any Rating Agency in connection with placing such ratings lost Mortgage Note into a securitization transaction, shall obtain a surety bond from an insurer acceptable to the applicable Rating Agency in an amount acceptable to such Rating Agency to cover any Losses with respect to such lost Mortgage Note. Capitalized terms used herein but not defined herein have the meanings given them in the Custodial Agreement, dated as of July 1, 2006, between Xxxxxx Xxxxxxx Mortgage Capital Inc. and the Custodian. This Lost Note Affidavit is intended to be relied on by the Rating AgenciesInvestor, its successors, and assigns and _______________________ represents and warrants that it has the authority to perform its obligations under this Lost Note Affidavit.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various Subsection 10 Mortgage sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home High Cost Home Loan Loans Act, S.C. Code High Cost Home Loan XxxAnn. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ Sections 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer West Virginia West Virginia Residential Moxxxxxx Xxxxxx, Xxxx Xxxxxxxx Xxxxxxxx Xxxx Act Broker and Servicer Act, W. Va. Code Ann. Loan Sections 31-00-1 et seq. Effective June 5, 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Category under Name of Anti-Predatory Lending Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law -------------------------------- --------------------------------------------------- ----------------------------------- Georgia (Oct. 1, 2002 - Georgia Fair Lending Act, Ga. Code Ann. Covered Loan Mar. 6, 2003) Sexxxons 7-6A-1 et seq. Effective October 1, 2002 - March 6, 2003 New Jersey New Jersey Home Ownership Sexxxxxx Xxx xx Xxxxxxx Xxxx Xxxx 2002, N.J. Rev. Stat. Sections 46:10B-22 et seq. Effective November 27, 2003 - July 5, 2004 STANDARD & POOR'S HOME LOAN CATEGORIZATION Category under Name of Anti-Predatory Lending Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law -------------------------------- --------------------------------------------------- ----------------------------------- Georgia (Oct. 1, 2002 - Georgia Fair Lending Act, Ga. Code Ann. Home Loan None of the above ratings has been loweredMar. 6, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.2003) Sectixxx 7-6A-1 et seq. Effective October 1, 2002 - March 6, 2003

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Xxxx of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies. SUBSEQUENT MORTGAGE LOAN PURCHASE AGREEMENT, dated as of [___________], 2005, as amended and supplemented by any and all amendments hereto (collectively, “this Agreement”), by and among EMC MORTGAGE CORPORATION, a Delaware corporation (the “Mortgage Loan Seller” or “EMC”) and BEAR XXXXXXX ASSET BACKED SECURITIES I LLC, a Delaware limited liability company (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Mortgage Loan Seller agrees to sell, and the Purchaser agrees to purchase, certain conventional, closed-end, fixed rate, junior-lien mortgage loans secured by one-to-four family residences (collectively, the “Subsequent Mortgage Loans”) as described herein. The Purchaser intends to deposit the Subsequent Mortgage Loans into a trust fund (the “Trust Fund”) and create SACO I Trust 2005-8, which will issue the SACO I Trust 2005-8, Mortgage-Backed Certificates, Series 2005-8 (the “Certificates”), under a pooling and servicing agreement, to be dated as of October 1, 2005 (the “Pooling and Servicing Agreement”) among the Purchaser, as depositor, EMC as a seller and company, LaSalle Bank National Association, as master servicer (in that capacity, the “Master Servicer”) and securities administrator and Citibank, N.A., as trustee (the “Trustee” or “Citibank”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A-1 AAA Aaa Class A-2 AAA Aaa None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance of such ratings by the Rating Agencies.letters. Class M AA+ Aa1

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified Subsection 10 Mortgage in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and High Cost Home Loan Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAnn. §§ SS 37-23-10 et seq. Effective for loans taken loanx xaken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. 2004 Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage 2002 Standard & Poor's Covered Loan Act Loan Categorization Category under Applicable State/Jurisdiction Name of Anti-Predatory Lending Anti-Predatory Law/Effective Date Lending Law ---------------------- ----------------------------------- ------------------- Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Covered Loan - Mar. 6, 2000) Xxx. §§ 7XX 0-6A-1 et seq0X-0 xx xxx. Effective October 1, 2002 – 0002 - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Cxxxxxx Xxxx Xxxx Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 SS 46:10B 22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Standard & Poor's Home Loan Categorization Category under Applicable State/Jurisdiction Name of Anti-Predatory Lending Anti-Predatory Law/Effective Date Lending Law ---------------------- ----------------------------------- ------------------- Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Home Loan - Mar. 6, 2003) Xxx. §§ 7XX 0-6A-1 et seq0X-0 xx xxx. Effective October 1, 2002 – 0002 - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.2003

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAnn. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAnn. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Xxrtgage Loan Act Loan Standard & Poor’s Covered Loan Categorization State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Category under Applicable Anti-Predatory Lending Law Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAnn. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Standard & Poor’s Home Loan Categorization State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Category under Applicable Anti-Predatory Lending Law Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAnn. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAnn. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Revised 2/14/06 EXHIBIT Q FORM OF CALCULATION OF REALIZED LOSS WELXX XXRGO BANK, N.A. Form 332 Calculation of Realized Loss Purpose To provide the above ratings has Servicer with a form for the calculation of any Realized Loss (or gain) as a result of a Mortgage Loan having been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agenciesforeclosed and liquidated.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None The Loss Mit Type field should show the approved Loss Mitigation Code as follows: • ASUM- Approved Assumption • BAP- Borrower Assistance Program • CO- Charge Off • DIL- Deed-in-Lieu • FFA- Formal Forbearance Agreement • MOD- Loan Modification • PRE- Pre-Sale • SS- Short Sale • MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the above ratings has been lowered, qualified or withdrawn since Loss Mitigation Types prior to sending the dates file. The Occupant Code field should show the current status of issuance the property code as follows: • Mortgagor • Tenant • Unknown • Vacant The Property Condition field should show the last reported condition of such ratings by the Rating Agencies.property as follows: • Damaged • Excellent • Fair • Gone • Good • Poor • Special Hazard • Unknown

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx 2002 West Virginia Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None [Date] The assessment of compliance to be delivered by [the Master Servicer] [Indenture Trustee] [Name of Subservicer] shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 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. 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. 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans 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 above ratings has been loweredtransaction agreements. 1122(d)(2)(i) Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, qualified or withdrawn since such other number of days specified in the dates transaction agreements. 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of issuance an obligor or to an investor are made only by authorized personnel. 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such ratings advances, are made, reviewed and approved as specified in the transaction agreements. 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. 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. 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. 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 Rating Agenciesperson 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.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 2000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan II-1R-1 -- AAA II-1R-2 -- AAA None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.. I-X-0 XX XX-X-0 XX XX-X-0 X II-B-6 Not Rated This certificate is being delivered pursuant to Section 3.13(b) of the Pooling and Servicing Agreement, dated as of January 1, 2006 (the “Agreement”), among Bear Sxxxxxx Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation (the “Company”), as seller and servicer, Wxxxx Fargo Bank, National Association, as master servicer and securities administrator, and U.S. Bank National Association, as trustee. Capitalized terms used herein and not otherwise defined have the meanings set forth in the Agreement. I certify that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 2000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.. I-X-0 XX XX-X-0 XX XX-X-0 X II-B-6 Not Rated

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.Loan

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various Subsection 10 Mortgage sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home High Cost Home Loan Loans Act, S.C. Code High Cost Home Loan Xxx. §§ Sections 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, West Virginia Mortgage Loan Broker and Servicer Act, W. Va. Code Xxx. §§ Act Loan Sections 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Category under Applicable State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Anti-Predatory Lending Law ------------------ ------------------------------------------------- ---------------------------- Georgia (Oct. 1, 2002 – 0000 - Xxxxxxx Xxxx Xxxxxxx Xxx, Xx. Code Xxx. Sections Covered Loan Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey 0000 Xxx Xxxxxx Xxx Xxxxxx Home Ownership Security Act of 2002, Covered Home Loan N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan STANDARD & POOR'S HOME LOAN CATEGORIZATION Category under Applicable State/Jurisdiction Name of Anti-Predatory Lending Law/Effective Date Anti-Predatory Lending Law ------------------ ------------------------------------------------- ---------------------------- Georgia (Oct. 1, 2002 – Mar. 6, 2003) - Georgia Fair Lending Act, Ga. Code Xxx. §§ Home Loan Mar. 6, 2003) Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.0000

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SCHEDULE AREQUIRED RATINGS FOR EACH CLASS OF CERTIFICATES Xxxx of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.Loan

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in Subsection 10 Mortgage various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and High Cost Home Loan Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ Sections 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential West Virginia Mortgage Loan Act Loan Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ Sections 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Name of Anti-Predatory Lending Category under Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law ------------------ ------------------------------------ -------------------------- Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Covered Loan 6, 2003) Code Xxx. §§ Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey 0000 Xxx Xxxxxx Xxx Xxxxxx Home Ownership Covered Home Loan Security Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan STANDARD & POOR'S HOME LOAN CATEGORIZATION Name of Anti-Predatory Lending Category under Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law ------------------ ------------------------------------ -------------------------- Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Home Loan 6, 2003) Code Xxx. §§ Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 0000 Xxx Xxxxxx Xxx Xxxxxx Home Ownership Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.2003

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Revised 4/18/06 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 5.06(a)(ii) (except the Items identified as the Servicer’s responsibility with respect to Form 10-D in Exhibit G shall be reported by the Servicer to the Master Servicer). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx 2002 West Virginia Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been loweredRE: BEAR XXXXXXX ASSET BACKED SECURITIES I TRUST 2005-CL1, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.ASSET-BACKED CERTIFICATES, SERIES 2005-CL1 ISSUED PURSUANT TO THE POOLING AND SERVICING AGREEMENT (THE "PSA") DATED AS OF OCTOBER 1, 2005 BY AND AMONG RISK MANAGEMENT GROUP, LLC AS RISK MANAGER ("RISK MANAGER"), BEAR XXXXXXX ASSET BACKED SECURITIES I LLC AS DEPOSITOR (THE "DEPOSITOR"), XXXXXXXXX ACQUISITION TRUST 2005-1, XXXXXXXXX ACQUISITION TRUST 2005-2 AND OCWEN MORTGAGE ASSET TRUST I, AS SELLERS (THE "SELLERS"), OCWEN LOAN SERVICING, LLC, AS SERVICER (THE "SERVICER"), LASALLE BANK NATIONAL ASSOCIATION AS MASTER SERVICER AND SECURITIES ADMINISTRATOR ("LASALLE"), XXXXX FARGO BANK, NATIONAL ASSOCIATION AS CUSTODIAN (THE "CUSTODIAN"), AND CITIBANK, N.A. AS TRUSTEE (THE "TRUSTEE"). RISK MANAGER CERTIFIES TO THE DEPOSITOR, THE TRUSTEE, AND THE SECURITIES ADMINISTRATOR, ITS OFFICERS, DIRECTORS AND AFFILIATES, AND WITH THE KNOWLEDGE AND INTENT THAT THEY WILL RELY UPON THIS CERTIFICATION, THAT:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Gxxxxxx Xxxx Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. Stat §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Gxxxxxx Xxxx Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. Stat §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None 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 5.06(a)(ii). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A-1 AAA Aaa Class A-2 AAA Aaa Class M-1 AA+ Aa1 Class M-2 AA+ Aa2 Class B-1 AA Aa3 None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. Class B-2 AA -- Class B-3 A -- Class B-4 BBB -- Class B-5 BBB- -- Class B-6 BB -- None of the above ratings has been lowered since the respective dates of such ratings letters. Pursuant to this Subsequent Transfer Instrument, dated November 17, 2005 (the “Instrument”), between Structured Asset Mortgage Investments II Inc. as depositor (the “Depositor”), and LaSalle Bank National Association, not individually but solely as indenture trustee (in such capacity, the “Indenture Trustee”) under the Indenture, dated as of October 1, 2005 (the “Agreement”), among the Luminent Mortgage Trust 2005-1 as issuer (the “Issuer”), Xxxxx Fargo Bank, N.A. as securities administrator (the “Securities Administrator) and LaSalle Bank National Association as indenture trustee (the “Indenture Trustee”), agree to the sale by the Rating AgenciesDepositor and the purchase by the Indenture Trustee of the Subsequent Mortgage Loans listed on the attached Exhibit 1 (the “Subsequent Mortgage Loans”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Class I-A-1 AAA Aaa Class I-X-1 AAA Aaa Class I-A-2 AAA Aaa Class I-X-2 AAA Aaa Class II-A-1 AAA Aaa Class II-A-2 AAA Aaa Class II-X-1 AAA Aaa Class II-X-2 AAA Aaa Class II-X-3 AAA Aaa Class III-A-1 AAA Aaa Class III-A-2 AAA Aaa Class III-X-1 AAA Aaa Class IV-A-1 AAA Aaa Class IV-X-1 AAA Aaa Class IV-A-2 AAA Aaa Class IV-X-2 AAA Aaa Class M-X AA Aa2 Class M-1 AA+ Aa1 Class M-2 AA Aa2 Class M-3 AA- Aa3 Class M-4 A+ Aa3 Class M-5 A A1 Class M-6 A- A2 Class B-1 BBB+ A3 Class B-2 BBB Baa1 Class X-0 XXX- Xxx0 Xxxxx X XXX XX KNOW ALL MEN BY THESE PRESENTS, that Xxxxx Fargo Bank, National Association, a banking corporation, having a place of business at 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx, as Trustee (and in no personal or other representative capacity) under the Pooling and Servicing Agreement, dated as of October 1, 2005, by and among Structured Asset Mortgage Investments II Inc., the Trustee and EMC Mortgage Corporation (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement” capitalized terms not defined herein have the definitions assigned to such terms in the Agreement), relating to the GreenPoint Mortgage Funding Trust 2005-AR5, Mortgage Pass-Through Certificates, Series 2005-AR5, hereby appoints _______________, in its capacity as Servicer under the Agreement, as the Trustee’s true and lawful Special Attorney-in-Fact, in the Trustee’s name, place and stead and for the Trustee’s benefit, but only in its capacity as Trustee aforesaid, to perform all acts and execute all documents as may be customary, necessary and appropriate to effectuate the following enumerated transactions in respect of any mortgage, deed of trust, promissory note or real estate owned from time to time owned (beneficially or in title, whether the Trustee is named therein as mortgagee or beneficiary or has become mortgagee or beneficiary by virtue of endorsement, assignment or other conveyance) or held by or registered to the Trustee (directly or through custodians or nominees), or in respect of which the Trustee has a security interest or other lien, all as provided under the applicable Agreement and only to the extent the respective Trustee has an interest therein under the Agreement, and in respect of which the Servicer is acting as servicer pursuant to the Agreement (the “Mortgage Documents”). This appointment shall apply to the following enumerated transactions under the Agreement only: The modification or re-recording of any Mortgage Document for the purpose of correcting it to conform to the original intent of the above ratings has been lowered, qualified parties thereto or withdrawn since to correct title errors discovered after title insurance was issued and where such modification or re-recording does not adversely affect the dates of issuance of such ratings by lien under the Rating AgenciesMortgage Document as insured.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Revised 4/18/06 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 5.06(a)(ii). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Pursuant to this Subsequent Transfer Instrument, dated [________], 2005 (the “Instrument”), between Bear Xxxxxxx Asset Backed Securities I LLC as seller (the “Seller”), and U.S. Bank National Association, not individually but solely as trustee (in such capacity, the “Trustee”) under the Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Agreement”), among the Seller as depositor, Xxxxx Fargo Bank, N.A. as master servicer (in that capacity, the “Master Servicer”) and securities administrator (in that capacity, the “Securities Administrator”), EMC Mortgage Corporation as seller and company, and the Trustee as trustee, the Seller and the Trustee, pursuant to the Agreement, agree to the sale by the Seller and the purchase by the Trustee of the above ratings has been lowered, qualified or withdrawn since Subsequent Mortgage Loans listed on the dates of issuance of such ratings by attached Exhibit 1 (the Rating Agencies“Subsequent Mortgage Loans”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Pursuant to this Subsequent Transfer Instrument, dated [_______], 2005 (the “Instrument ”), between Bear Xxxxxxx Asset Backed Securities I LLC (the “Seller”), and Xxxxx Fargo Bank, National Association, not individually but solely as trustee (in such capacity, the “Trustee”) under the Pooling and Servicing Agreement, dated as of October 1, 2005 (the “Agreement”), among the Seller as depositor, EMC Mortgage Corporation as a seller and as company, Xxxxx Fargo Bank National Association as master servicer and securities administrator and the Trustee as trustee, the Seller and the Trustee, pursuant to the Agreement, agree to the sale by the Seller and the purchase by the Trustee of the above ratings has been lowered, qualified or withdrawn since Subsequent Mortgage Loans listed on the dates of issuance of such ratings by attached Exhibit 1 (the Rating Agencies“Subsequent Mortgage Loans”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A-1 AAA Aaa Class A-2 AAA Aaa Class M-1 AA+ Aa1 Class M-2 AA+ Aa2 Class B-1 AA Aa3 None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. Class B-2 AA -- Class B-3 A -- Class B-4 BBB -- Class B-5 BBB- -- Class B-6 BB -- None of the above ratings has been lowered since the respective dates of such ratings letters. SUBSEQUENT MORTGAGE LOAN PURCHASE AGREEMENT, dated as of November 2, 2005, as amended and supplemented by any and all amendments hereto (collectively, the “Agreement”), by and between MERCURY MORTGAGE FINANCE STATUTORY TRUST, a Maryland Business Trust (the “Mortgage Loan Seller”) and STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., a Delaware corporation (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Mortgage Loan Seller agrees to sell, and the Purchaser agrees to purchase, certain conventional, first lien mortgage loans secured primarily by one- to four-family residential properties and individual condominium units (collectively, the “Subsequent Mortgage Loans”) as described herein. The Purchaser has established Luminent Mortgage Trust 2005-1, a Delaware statutory trust (the “Issuer”) pursuant to a Short Form Trust Agreement, dated as of October 28, 2005, as amended and restated on November 2, 2005 (the “Trust Agreement”), among the Purchaser, Chase Bank U.S.A., National Association (the “Owner Trustee”) and Xxxxx Fargo Bank, N.A. (the “Securities Administrator”). The Purchaser intends to sell the Subsequent Mortgage Loans to the Issuer pursuant to a Sale and Servicing Agreement, dated as of November 2, 2005 (the “Sale and Servicing Agreement”) among the Purchaser, the Issuer, the Mortgage Loan Seller, LaSalle Bank National Association, as indenture trustee (the “Indenture Trustee”) and Xxxxx Fargo Bank, N.A. as securities administrator (in such capacity, the “Securities Administrator”) and as master servicer (in such capacity, the “Master Servicer”). The Issuer, pursuant to an Indenture, dated as of November 2, 2005 (the “Indenture”) among the Issuer, the Indenture Trustee and the Securities Administrator intends to pledge the Subsequent Mortgage Loans to the Indenture Trustee and, issue and transfer to the Purchaser the Luminent Mortgage Trust 2005-1, Mortgage-Backed Notes, Series 2005-1 and the Certificates issued pursuant to the Trust Agreement (the “Certificates”). The Certificates will be transferred by the Rating Agencies.Purchaser to the Mortgage Loan Seller or its designee as partial consideration for the sale of the Subsequent Mortgage Loans. The Master Servicer will master service the Subsequent Mortgage Loans on behalf of the Issuer pursuant to the Sale and Servicing Agreement. The servicing of the Subsequent Mortgage Loans will be provided by Countrywide Home Loans Servicing LP, EMC Mortgage Corporation and PHH Mortgage Corporation pursuant to the related Servicing Agreements as specified in Appendix A to the Indenture which (other than with respect to certain rights of the Mortgage Loan Seller against the servicer) will be assigned to the Issuer on the Closing Date pursuant to the Assignment Agreement. The representations and warranties made by the related Underlying Seller and the remedies for breach thereof will be assigned to the Issuer on the Closing Date pursuant to, and to the extent provided in the related Assignment Agreement. The Purchaser has filed with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S-3 (Number 333-120916) relating to its Mortgage-Backed Notes and the offering of certain series thereof (including certain classes of the Notes) from time to time in accordance with Rule 415 under the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder (the “Securities Act”). Such registration statement, when it became effective under the Securities Act,

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None SER_INVESTOR_NBR A value assigned by the Servicer to define a group of loans. Text up to 10 digits 20 LOAN_NBR A unique identifier assigned to each loan by the investor. Text up to 10 digits 10 SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may be different than the LOAN_NBR. Text up to 10 digits 10 BORROWER_NAME The borrower name as received in the file. It is not separated by first and last name. Maximum length of 30 (Last, First) 30 SCHED_PAY_AMT Scheduled monthly principal and scheduled interest payment that a borrower is expected to pay, P&I constant. 2 No commas(,) or dollar signs ($) 11 NOTE_INT_RATE The loan interest rate as reported by the Servicer. 4 Max length of 6 6 NET_INT_RATE The loan gross interest rate less the service fee rate as reported by the Servicer. 4 Max length of 6 6 SERV_FEE_RATE The servicer's fee rate for a loan as reported by the Servicer. 4 Max length of 6 6 SERV_FEE_AMT The servicer's fee amount for a loan as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 NEW_PAY_AMT The new loan payment amount as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 NEW_LOAN_RATE The new loan rate as reported by the Servicer. 4 Max length of 6 6 ARM_INDEX_RATE The index the Servicer is using to calculate a forecasted rate. 4 Max length of 6 6 ACTL_BEG_PRIN_BAL The borrower's actual principal balance at the beginning of the above ratings has been loweredprocessing cycle. 2 No commas(,) or dollar signs ($) 11 ACTL_END_PRIN_BAL The borrower's actual principal balance at the end of the processing cycle. 2 No commas(,) or dollar signs ($) 11 BORR_NEXT_PAY_DUE_DATE The date at the end of processing cycle that the borrower's next payment is due to the Servicer, qualified as reported by Servicer. MM/DD/YYYY 10 SERV_CURT_AMT_1 The first curtailment amount to be applied. 2 No commas(,) or withdrawn since dollar signs ($) 11 SERV_CURT_DATE_1 The curtailment date associated with the dates of issuance of such ratings first curtailment amount. MM/DD/YYYY 10 CURT_ADJ_ AMT_1 The curtailment interest on the first curtailment amount, if applicable. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_AMT_2 The second curtailment amount to be applied. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_DATE_2 The curtailment date associated with the second curtailment amount. MM/DD/YYYY 10 CURT_ADJ_ AMT_2 The curtailment interest on the second curtailment amount, if applicable. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_AMT_3 The third curtailment amount to be applied. 2 No commas(,) or dollar signs ($) 11 SERV_CURT_DATE_3 The curtailment date associated with the third curtailment amount. MM/DD/YYYY 10 CURT_ADJ_AMT_3 The curtailment interest on the third curtailment amount, if applicable. 2 No commas(,) or dollar signs ($) 11 PIF_AMT The loan "paid in full" amount as reported by the Rating Agencies.Servicer. 2 No commas(,) or dollar signs ($) 11 PIF_DATE The paid in full date as reported by the Servicer. MM/DD/YYYY 10 Action Code Key: 15=Bankruptcy, 00=Xxxxxxxxxxx, , 00=XXX, 63=Substitution, 65=Repurchase,70=REO 2 ACTION_CODE The standard FNMA numeric code used to indicate the default/delinquent status of a particular loan. INT_ADJ_AMT The amount of the interest adjustment as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 SOLDIER_SAILOR_ADJ_AMT The Soldier and Sailor Adjustment amount, if applicable. 2 No commas(,) or dollar signs ($) 11 NON_ADV_LOAN_AMT The Non Recoverable Loan Amount, if applicable. 2 No commas(,) or dollar signs ($) 11 LOAN_LOSS_AMT The amount the Servicer is passing as a loss, if applicable. 2 No commas(,) or dollar signs ($) 11 SCHED_BEG_PRIN_BAL The scheduled outstanding principal amount due at the beginning of the cycle date to be passed through to investors. 2 No commas(,) or dollar signs ($) 11 SCHED_END_PRIN_BAL The scheduled principal balance due to investors at the end of a processing cycle. 2 No commas(,) or dollar signs ($) 11 SCHED_PRIN_AMT The scheduled principal amount as reported by the Servicer for the current cycle -- only applicable for Scheduled/Scheduled Loans. 2 No commas(,) or dollar signs ($) 11 SCHED_NET_INT The scheduled gross interest amount less the service fee amount for the current cycle as reported by the Servicer -- only applicable for Scheduled/Scheduled Loans. 2 No commas(,) or dollar signs ($) 11 ACTL_PRIN_AMT The actual principal amount collected by the Servicer for the current reporting cycle -- only applicable for Actual/Actual Loans. 2 No commas(,) or dollar signs ($) 11 ACTL_NET_INT The actual gross interest amount less the service fee amount for the current reporting cycle as reported by the Servicer -- only applicable for Actual/Actual Loans. 2 No commas(,) or dollar signs ($) 11 PREPAY_PENALTY_ AMT The penalty amount received when a borrower prepays on his loan as reported by the Servicer. 2 No commas(,) or dollar signs ($) 11 PREPAY_PENALTY_ WAIVED The prepayment penalty amount for the loan waived by the servicer. 2 No commas(,) or dollar signs ($) 11 MOD_DATE The Effective Payment Date of the Modification for the loan. MM/DD/YYYY 10 MOD_TYPE The Modification Type. Varchar - value can be alpha or numeric 30 DELINQ_P&I_ADVANCE_AMT The current outstanding principal and interest advances made by Servicer. 2 No commas(,) or dollar signs ($) 11

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 2000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Xesidential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Xortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Re: GSR Trust 2005-HEL1 (the “Trust”) Mortgage-Backed Notes, Series 2005-HEL1 I, [identify the certifying individual], a [title] of Deutsche Bank National Trust Company, as Indenture Trustee of the above ratings has been loweredTrust, qualified or withdrawn since hereby certify to GS Mortgage Securities Corp. (the dates of issuance of such ratings by “Depositor”), and its officers, directors and affiliates, and with the Rating Agencies.knowledge and intent that they will rely upon this certification, that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code Subsection 10 Mortgage (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost High Cost Home Loan and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ Sections 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential West Virginia Mortgage Loan Act Mortgage Lender, Broker Loan and Servicer Act, W. Va. Code Xxx. §§ Sections 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Name of Anti-Predatory Lending Category under Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law ----------------------------- ------------------------------------ -------------------------------- Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Covered Loan (Oct. 1, 2002 - Mar. 6, 2003) Code Xxx. §§ Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey 0000 Xxx Xxxxxx Xxx Xxxxxx Home Ownership Covered Home Loan Security Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan STANDARD & POOR'S HOME LOAN CATEGORIZATION Name of Anti-Predatory Lending Category under Applicable State/Jurisdiction Law/Effective Date Anti-Predatory Lending Law ----------------------------- ------------------------------------ -------------------------------- Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Home Loan (Oct. 1, 2002 - Mar. 6, 2003) Code Xxx. §§ Sections 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.0000

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx 2002 West Virginia Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Class I-A-1 AAA Aaa Class I-A-2 AAA Aaa Class II-A-1 AAA Aaa Class II-X AAA Aaa Class II-A-2 AAA Aaa Underlying Class III-A-1 AAA Aaa Grantor Trust Class III-A-1 AAA Aaa Class III-A-2 AAA Aaa Class III-A-3 AAA Aaa Class IV-A-1 AAA Aaa Class IV-A-2 AAA Aaa Class IV-A-3 AAA Aaa Class IV-X AAA Aaa Class M-1 AA+ Aa1 Class M-2 AA Aa2 Class M-3 AA- Aa3 Class B-1 A A2 Class B-2 BBB Baa2 Class B-3 BBB- Baa3 KNOW ALL MEN BY THESE PRESENTS, that Xxxxx Fargo Bank, National Association, a banking corporation, having a place of business at 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx, as Trustee (and in no personal or other representative capacity) under the Pooling and Servicing Agreement, dated as of March 1, 2006, by and among Structured Asset Mortgage Investments II Inc., the Trustee and EMC Mortgage Corporation (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement” capitalized terms not defined herein have the definitions assigned to such terms in the Agreement), relating to the GreenPoint Mortgage Funding Trust 2006-AR2, Mortgage Pass-Through Certificates, Series 2006-AR2, hereby appoints _______________, in its capacity as Servicer under the Agreement, as the Trustee’s true and lawful Special Attorney-in-Fact, in the Trustee’s name, place and stead and for the Trustee’s benefit, but only in its capacity as Trustee aforesaid, to perform all acts and execute all documents as may be customary, necessary and appropriate to effectuate the following enumerated transactions in respect of any mortgage, deed of trust, promissory note or real estate owned from time to time owned (beneficially or in title, whether the Trustee is named therein as mortgagee or beneficiary or has become mortgagee or beneficiary by virtue of endorsement, assignment or other conveyance) or held by or registered to the Trustee (directly or through custodians or nominees), or in respect of which the Trustee has a security interest or other lien, all as provided under the applicable Agreement and only to the extent the respective Trustee has an interest therein under the Agreement, and in respect of which the Servicer is acting as servicer pursuant to the Agreement (the “Mortgage Documents”). This appointment shall apply to the following enumerated transactions under the Agreement only: The modification or re-recording of any Mortgage Document for the purpose of correcting it to conform to the original intent of the above ratings has been lowered, qualified parties thereto or withdrawn since to correct title errors discovered after title insurance was issued and where such modification or re-recording does not adversely affect the dates of issuance of such ratings by lien under the Rating AgenciesMortgage Document as insured.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.. I. The [ ] agreement dated as of [ ], 200[ ] (the “Agreement”), among [IDENTIFY PARTIES] I, ________________________________, the _______________________ of [NAME OF COMPANY], certify to [the Purchaser], [the Depositor], and the [Master Servicer] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 2000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. Xxxx of the above ratings has been lowered since the respective dates of such ratings by the Rating Agencies.letters. DATE: September 26, 2005 TO: U.S. Bank National Association, not in its individual capacity but solely as Trustee for Bank United Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1 ATTENTION: Mxxxxxxxx Xxxxxx / Bank United 2005-1 TELEPHONE: 600-000-0000 FACSIMILE: 600-000-0000 FROM: Derivatives Documentation TELEPHONE: 200-000-0000 FACSIMILE: 200-000-0000 SUBJECT: Mortgage Derivatives Confirmation and Agreement

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAnn. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAnn. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx 2002 West Virginia Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAnn. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 46:10B 22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAnn. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 46:10B- 22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAnn. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None As to each item described below, the Mortgage Loan Seller shall be responsible for reporting the information to the party identified as responsible for preparing the Securities Exchange Act Reports pursuant to Section 7 of this Mortgage Loan Purchase Agreement. Under Item 1 of Form 10-D: a) items marked “Monthly Statement to Certificateholders” are required to be included in the periodic Distribution Date statement under Section 5.04 of the above ratings has been loweredPooling and Servicing Agreement, qualified or withdrawn since the dates of issuance of such ratings provided by the Rating AgenciesSecurities Administrator 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 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 Securities Administrator and the Purchaser. Form Item Description 10-D 1 Disclose any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used by the Mortgage Loan Seller to originate, acquire or select the new pool assets.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.Loan

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A-1 AAA Aaa Class A-2 AAA Aaa Class A-3 AAA Aaa Class A-4 AAA Aaa Class PO AAA Aaa Class X AAA Aaa Class R-1 AAA -- Class R-2 AAA -- Class B-1 AA Aa2 Class B-2 A A2 Class B-3 BBB Baa2 None of the above ratings have been lowered since the respective dates of such letters. Class B-4 BB Ba2 Class B-5 B B2 Class B-6 -- -- None of the above ratings have been lowered since the respective dates of such letters. Certificate No.1 Pass-Through Rate: [___]% Class [A]-[_] Senior Date of Pooling and Servicing Agreement and Cut-off Date: August 1, 2005 Aggregate Initial Current Principal Amount of this Senior Certificate as of the Cut-off Date: $[_____________] First Distribution Date: September 25, 2005 Initial Current Principal Amount of this Senior Certificate as of the Cut-off Date: $[_____________] Master Servicer: Xxxxx Fargo Bank, National Association CUSIP: [____________] Assumed Final Distribution Date: [____________] evidencing a fractional undivided interest in the distributions allocable to the Class [A]-[_] Certificates with respect to a portion of a Trust Fund consisting primarily of a pool of fixed rate mortgage loans secured by first liens on one-to-four family residential properties sold by STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Structured Asset Mortgage Investments II Inc., the Master Servicer, the Securities Administrator or the Trustee referred to below or any of their affiliates or any other person. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental entity or by Structured Asset Mortgage Investments II Inc., the Master Servicer or the Trustee or any of their affiliates or any other person. None of Structured Asset Mortgage Investments II Inc., the Master Servicer, Securities Administrator 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 Certificates. This certifies that Cede & Co. is the registered owner of the Fractional Undivided Interest evidenced hereby in the beneficial ownership interest of Certificates of the same Class as this Certificate in a portion of a trust (the “Trust Fund”) primarily consisting of fixed rate mortgage loans secured by first liens on one- to four- family residential properties (collectively, the “Mortgage Loans”) sold by Structured Asset Mortgage Investments II Inc. (“XXXX XX”). The Mortgage Loans were sold by EMC Mortgage Corporation (“EMC”) to XXXX XX. Xxxxx Fargo Bank, National Association (“Xxxxx Fargo”) will act as master servicer of the Mortgage Loans and as securities administrator (the “Master Servicer”, the “Securities Administrator” and the “Paying Agent”, which terms includes any successors thereto under the Agreement referred to below). The Trust Fund was created pursuant to the Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the “Agreement”), among XXXX XX, as depositor (the “Depositor”), Xxxxx Fargo Bank, National Association as master servicer and securities administrator, EMC Mortgage Corporation, as seller and company, and U.S. Bank National Association, as trustee (the “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 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 its acceptance hereof assents and by which such Holder is bound. Interest on this 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 set forth above and as further described in the Agreement.] The Trustee will distribute on the 25th day of each month, or, if such 25th day is not a Business Day, the immediately following Business Day (each, a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this 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 the Fractional Undivided Interest evidenced by this Certificate and the amount [(of interest and] principal[, if any)] required to be distributed to the Holders of Certificates of the same Class as this Certificate. The Assumed Final Distribution Date is the Distribution Date in the month immediately following the month of the latest scheduled maturity date of any Mortgage Loan and is not likely to be the date on which the Current Principal Amount of this Class of Certificates will be reduced to zero. Distributions on this Certificate will be made by the Certificate Registrar 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 Securities Administrator in writing as specified in the Agreement by wire transfer. 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 Securities Administrator for that purpose and designated in such notice. The Initial Current Principal Amount of this 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 Certificate is one of a duly authorized issue of Certificates designated as set forth on the face hereof (the “Certificates”). The Certificates, in the aggregate, evidence the entire beneficial ownership interest in the Trust Fund formed pursuant to the Agreement. The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the Trust Fund for payment hereunder and that the Trustee is not liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement. This 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 Trustee. 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 Securities Administrator and the Trustee and the rights of the Certificateholders under the Agreement from time to time by the parties thereto with the consent of the Holders of Certificates, evidencing Fractional Undivided Interests aggregating not less than 51% of the portion of the Trust Fund related to such Certificates (or in certain cases, Holders of Certificates of affected Classes evidencing such percentage of the Fractional Undivided Interests thereof). 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 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 with the Certificate Registrar upon surrender of this Certificate for registration of transfer at the offices or agencies maintained by the Securities Administrator for such purposes, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Securities Administrator duly executed by the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates in authorized denominations representing a like aggregate Fractional Undivided Interest will be issued to the designated transferee. The Certificates are issuable only as registered 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 Certificate is exchangeable for one or more new Certificates evidencing the same Class and in the same aggregate Fractional Undivided Interest, as requested by the Holder surrendering the same. No service charge will be made to the Certificateholders for any such registration of transfer, but the Securities Administrator may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Depositor, the Master Servicer, Securities Administrator, the 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 Master Servicer, Securities Administrator, the Trustee or any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby (other than the obligations to make payments to Certificateholders with respect to the termination of the Agreement) shall terminate upon the earlier of (i) the later of the (A) final payment or other liquidation (or Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund and (B) disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan and the remittance of all funds due under the Agreement, or (ii) the optional repurchase by the party named in the Agreement of all the Mortgage Loans and other assets of the Trust Fund in accordance with the terms of the Agreement. Such optional repurchase may be made only on or after the Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans is less than the percentage of the aggregate Outstanding Principal Balance specified in the Agreement of the Mortgage Loans at the Cut-off Date. The exercise of such right will effect the early retirement of the Certificates. In no event, however, will the Trust Fund created by the Agreement continue beyond the earlier of (i) the “latest possible maturity date” specified in Section 5.01(d) of the Agreement or (ii) the expiration of 21 years after the death of certain persons identified in the Agreement. Unless this Certificate has been loweredcountersigned by an authorized signatory of the Securities Administrator by manual signature, qualified this Certificate shall not be entitled to any benefit under the Agreement, or withdrawn since the dates of issuance of such ratings by the Rating Agenciesbe valid for any purpose.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx 2002 West Virginia Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Pursuant to this Subsequent Transfer Instrument, dated October 24, 2005 (this “Instrument”), between Bear Xxxxxxx Asset-Backed Securities I LLC, as seller (the “Seller”), and Citibank, N.A., as trustee of the above ratings has been loweredBear Xxxxxxx Asset Backed Securities I Trust 2005-CL1, qualified or withdrawn since Asset-Backed Securities, Series 2005-CL1, as purchaser (the dates “Trustee”), and pursuant to the Pooling and Servicing Agreement, dated as of issuance of such ratings October 1, 2005 (the “Pooling and Servicing Agreement”), among the Ocwen Mortgage Asset Trust 2005-1, Xxxxxxxxx Acquisition Trust 2005-1 ("Xxxxxxxxx 2005-1") and Xxxxxxxxx Acquisition Trust 2005-2 ("Xxxxxxxxx 2005-2"), each as sellers, Ocwen Loan Servicing, LLC, as servicer, LaSalle Bank National Association, as master servicer and securities administrator,, Xxxxx Fargo Bank, National Association, as custodian, Risk Management Group, LLC, as risk manager, and the Trustee, as trustee, the Seller and the Trustee agree to the sale by the Rating AgenciesSeller and the purchase by the Trustee in trust, on behalf of the Trust, of the Subsequent Mortgage Loans listed on the Schedule of Mortgage Loans attached to this Instrument as Exhibit 1 hereto (the “Subsequent Mortgage Loans”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Pooling and Servicing Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class I-A Aaa AAA AAA Class II-A-1 Aaa AAA AAA Class II-A-2 Aaa AAA AAA Class II-A-IO Aaa AAA AAA Class III-A Aaa AAA AAA Class IV-A Aaa AAA AAA Class M-1 N/A AA AA Class M-2 N/A A A Class M-3 N/A BBB BBB Class X-0 X/X XX XX Xxxxx X-0 X/X X B Class B-3 N/A N/A N/A None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance of such ratings by letters. Re: Xxxxxxx Xxxxx Mortgage Investors, Inc. Mortgage Pass-Through Certificates, Series 2005-A4 I, [identify the Rating Agencies.certifying individual], certify that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None 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 5.06(a)(ii). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 46:10B 22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 46:10B- 22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Xxxx of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Pursuant to this Subsequent Transfer Instrument, dated [_______], 2005 (the “Instrument ”), between Bear Xxxxxxx Asset Backed Securities I LLC (the “Seller”), and Citibank, N.A., not individually but solely as trustee (in such capacity, the “Trustee”) under the Pooling and Servicing Agreement, dated as of October 1, 2005 (the “Agreement”), among the Seller as depositor, EMC Mortgage Corporation as a seller and as company, LaSalle Bank National Association as master servicer and securities administrator and the Trustee as trustee, the Seller and the Trustee, pursuant to the Agreement, agree to the sale by the Seller and the purchase by the Trustee of the above ratings has been lowered, qualified or withdrawn since Subsequent Mortgage Loans listed on the dates of issuance of such ratings by attached Exhibit 1 (the Rating Agencies“Subsequent Mortgage Loans”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None [WXXXX FARGO BANK, N.A.] Form 332 To provide the Servicer with a form for the calculation of the above ratings has any Realized Loss (or gain) as a result of a Mortgage Loan having been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agenciesforeclosed and liquidated.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage Rhode Island Rhode Island Home Loan Protection Act, R.I. Gen. Laws §§ 34-25.2-1 et seq. Effective December 31, 2006. High Cost Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan Tennessee Tennessee Home Loan Protection Act, Tenn. Code Xxx. §§ 00-00-000 et seq. Effective January 1, 2007. High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-58- 21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Revised 03/01/07 Xxxx of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies. Primary Servicer – transaction party having borrower contact Master Servicer – aggregator of pool assets Trustee – waterfall calculator; fiduciary of the transaction 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 Note: The definitions above describe the essential function that the party performs, rather than the party’s title. 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. 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 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 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 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 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 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 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 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X 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 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 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 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 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 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. (In this transaction there is no external enhancement or other support.) X X 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 4.18 of the Pooling and Servicing Agreement. Under Item 1 of Form 10-D: a) items marked “Monthly Statements to Certificateholders” are required to be included in the periodic Distribution Date statement under Section 6.06, provided by the 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 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 Trustee and the Depositor.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx 2002 West Virginia Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Gxxxxxx Xxxx Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. Stat §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Gxxxxxx Xxxx Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. Stat §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None 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 5.06(a)(ii). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in Subsection 10 various sections of Title 14A) Mortgage Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans xxans taken on or after January 1, 0000 2004 West Virginia West Virginia Residential Mortgage Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage LenderXxxxxr, Broker and Servicer Act, W. Mortgage Loan Act Va. Code XxxAnn. §§ Sections 31-17-1 et Loan seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan 2002 STANDARD & POOR'S COVERED LOAN CATEGORIZATION Category under Applicable Name of Anti-Predatory Lending Anti-Predatory State/Jurisdiction Law/Effective Date Lending Law ------------------ ------------------------------------ ------------------- Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Covered Loan - Mar. 6, 0000) Xxx. §§ 7Xxxxxxxx 0-6A-1 0X-0 et seq. Effective October Octobxx 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Xxxxxxx Xxxx Xxxx Act of 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan STANDARD & POOR'S HOME LOAN CATEGORIZATION Category under Applicable Name of Anti-Predatory Lending Anti-Predatory State/Jurisdiction Law/Effective Date Lending Law ------------------ ------------------------------------ ------------------- Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Home Loan - Mar. 6, 2000) Xxx. §§ 7Xxxxxxxx 0-6A-1 et 0X-0 xx seq. Effective October Octobxx 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of Xxxx Xxxx Xxx xx 2002, N.J. Rev. Stat. §§ Sections 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Home Loan Stat. §§ Sections 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Consumer Home Loan Cost Home Loans, N.C. Gen. Stat. §§ Sections 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loan Consumer Home Loans Act, S.C. Code XxxAnn. §§ Sections 37-23-10 et seq. Effective for loans xxans taken on or after January 1, 2004 Consumer Home Loan SCHEDULE A REQUIRED RATINGS FOR EACH CLASS OF CERTIFICATES Offered Certificates Class Moody's S&P ----- ------- ---- Class A-1 Xxa AAA Class A-2 Aaa AAA Class A-3 Aaa AAA Class R N/R AAA Class M-1 Aa1 AA+ Class M-2 Aa2 AA Class M-3 Aa3 XX- Xxxxx X-0 X0 X+ Xxxxx X-0 A2 A Class M-6 A3 A- Class B-1 A3 BBB+ Class B-2 Baa1 BBB Class B-3 Baa2 BBB- None of the above ratings has been lowered, qualified or withdrawn since the dates lowered sinxx xxx xxxxxxxxxx xxxxx xx such letters. SCHEDULE B Schedule of issuance of such ratings by the Rating Agencies.Assigned Agreements

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage Rhode Island Rhode Island Home Loan Protection Act, R.I. Gen. Laws §§ 34-25.2-1 et seq. Effective December 31, 2006. High Cost Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan Tennessee Tennessee Home Loan Protection Act, Tenn. Code Xxx. §§ 00-00-000 et seq. Effective January 1, 2007. High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Revised 10/20/06 Class A-1 AAA Aaa Class A-2 AAA Aaa Class A-3 AAA Aaa Class A-4 AAA Aaa Class A-5 AAA Aaa Class A-6 AAA Aaa Class A-7 AAA Aaa Class B-1 AA Aa2 Class B-2 A A2 Class B-3 BBB Baa2 Class X AAA Aaa Class PO AAA Aaa Class R-1 AAA Aaa Class R-2 AAA Aaa None of the above ratings has have been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. Class B-4 BB -- Class B-5 B -- Class B-6 -- -- None of the above ratings have been lowered since the respective dates of such ratings by letters. The [ ] agreement dated as of [ ], 200[ ] (the Rating Agencies.“Agreement”), among [IDENTIFY PARTIES] I, ________________________________, the _______________________ of [NAME OF COMPANY], 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:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Xxxx of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.. This certificate is being delivered pursuant to Section 3.13(b) of the Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Agreement”), among Bear Xxxxxxx Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation (the “Company”), as seller and servicer, Xxxxx Fargo Bank, National Association, as master servicer and securities administrator, and U.S. Bank National Association, as trustee. Capitalized terms used herein and not otherwise defined have the meanings set forth in the Agreement. I certify that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Xxxxxxx Xxxx Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. Stat §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Xxxxxxx Xxxx Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. Stat §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None 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 5.06(a)(ii). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None 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 5.06(a)(ii). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Revised 4/18/06 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 5.06(a)(ii). Under Item 1 of Form 10-D: a) items marked “monthly statement” are required to be included in the periodic Distribution Date statement under Section 5.02, provided by the Securities 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 monthly 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. 10-D Must be filed within 15 days of the above ratings has been lowered, qualified or withdrawn since distribution date for the dates of issuance of such ratings by the Rating Agenciesasset-backed securities.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Revised 4/18/06 Re: The [ ] agreement dated as of [ ], 200[ ] (the above ratings has been lowered“Agreement”), qualified or withdrawn since among [IDENTIFY PARTIES] I, ________________________________, the dates _______________________ of issuance of such ratings by [NAME OF COMPANY], certify to [the Rating Agencies.Purchaser], [the Depositor], and the [Master Servicer] [Certifying Person] [Securities Administrator], and their officers, with the knowledge and intent that they will rely upon this certification, that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Assessments of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.Compliance and Attestation Reports Servicing Criteria1 Reg. AB Item 1122(d) Servicing Criteria Depositor Sponsor Servicer Trustee Custodian Xxxxx Fargo2

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan SCHEDULE A None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies. SUBSEQUENT MORTGAGE LOAN PURCHASE AGREEMENT, dated as of [___________], 2005, as amended and supplemented by any and all amendments hereto (collectively, “this Agreement”), by and among EMC MORTGAGE CORPORATION, a Delaware corporation (the “Mortgage Loan Seller” or “EMC”) and BEAR XXXXXXX ASSET BACKED SECURITIES I LLC, a Delaware limited liability company (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Mortgage Loan Seller agrees to sell, and the Purchaser agrees to purchase, certain conventional, closed-end, fixed rate, junior-lien mortgage loans secured by one-to-four family residences (collectively, the “Subsequent Mortgage Loans”) as described herein. The Purchaser intends to deposit the Subsequent Mortgage Loans into a trust fund (the “Trust Fund”) and create SACO I Trust 2005-WM2, which will issue the SACO I Trust 2005-WM2, Mortgage-Backed Certificates, Series 2005-WM2 (the “Certificates”), under a pooling and servicing agreement, to be dated as of September 1, 2005 (the “Pooling and Servicing Agreement”) among the Purchaser, as depositor, EMC as seller and as master servicer (the “Master Servicer”) and LaSalle Bank National Association, as trustee (the “Trustee” or “LaSalle”).

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Class I-1A-1 AAA Aaa Class I-1A-2 AAA Aaa Class II-1A-1 AAA Aaa Class II-1A-2 AAA Aa1 Class II-2A-1 AAA Aaa Class II-2A-2 AAA Aa1 Class II-3A-1 AAA Aaa Class II-3A-2 AAA Aa1 Class II-4A-1 AAA Aaa Class II-4A-2 AAA Aa1 Class II-4X-1 AAA Aaa Class II-5A-1 AAA Aaa Class II-5X-1 AAA Aaa Class I-M-1 AA Aa2 Class I-M-2 A A2 Class I-B-1 BBB Baa2 Class I-B-2 BBB- Baa3 Class I-B-3 BB Ba2 Class II-B-1 AA+ Aa1 Class II-B-2 AA Aa2 Class II-B-3 AA- Aa3 Class II-B-4 A+ A1 Class II-B-5 A A2 Class II-B-6 A- A3 Class II-B-7 BBB+ Baa1 Class II-B-8 A Baa2 Class II-B-9 BBB Baa3 Class II-B-10 BB NA Class II-B-10 B NA The Class II-B-12, Class R, Class R-X, Class B-IO, Class I-XP and Class II-XP Certificates have not been rated. KNOW ALL MEN BY THESE PRESENTS, that JPMorgan Chase Bank, National Association, a New York banking corporation, having a place of business at 4 Xxx Xxxx Xxxxx, 0xx Xxxxx, Xxx Xxxx, X.X. 00000, as Trustee (and in no personal or other representative capacity) under the above ratings Pooling and Servicing Agreement, dated as of December 1, 2005, by and among Structured Asset Mortgage Investments II Inc., the Trustee, Wxxxx Fargo Bank, National Association and EMC Mortgage Corporation (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement” capitalized terms not defined herein have the definitions assigned to such terms in the Agreement), relating to the Bear Sxxxxxx ALT-A Trust 2005-10, Mortgage Pass-Through Certificates, Series 2005-10, hereby appoints _______________, in its capacity as a Servicer under the Agreement, as the Trustee’s true and lawful Special Attorney-in-Fact, in the Trustee’s name, place and stead and for the Trustee’s benefit, but only in its capacity as Trustee aforesaid, to perform all acts and execute all documents as may be customary, necessary and appropriate to effectuate the following enumerated transactions in respect of any mortgage, deed of trust, promissory note or real estate owned from time to time owned (beneficially or in title, whether the Trustee is named therein as mortgagee or beneficiary or has been loweredbecome mortgagee or beneficiary by virtue of endorsement, qualified assignment or withdrawn since other conveyance) or held by or registered to the dates Trustee (directly or through custodians or nominees), or in respect of issuance which the Trustee has a security interest or other lien, all as provided under the applicable Agreement and only to the extent the respective Trustee has an interest therein under the Agreement, and in respect of such ratings by which the Rating Agencies.Servicer is acting as servicer pursuant to the Agreement (the “Mortgage Documents”). This appointment shall apply to the following enumerated transactions under the Agreement only:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx 2002 West Virginia Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None TABLE OF CONTENTS SECTION 1. Definitions 1 SECTION 2. Purchase and Sale of the above ratings has been loweredMortgage Loans and Related Rights 3 SECTION 3. Mortgage Loan Schedules 3 SECTION 4. Mortgage Loan Transfer 4 SECTION 5. Examination of Mortgage Files 5 SECTION 6. Recordation of Assignments of Mortgage 7 SECTION 7. Representations and Warranties of Mortgage Loan Seller Concerning the Mortgage Loans 9 SECTION 8. Representations and Warranties Concerning the Mortgage Loan Seller 16 SECTION 9. Representations and Warranties Concerning the guarantor 16 SECTION 10. Representations and Warranties Concerning the Purchaser 17 SECTION 11. Conditions to Closing 19 SECTION 12. Fees and Expenses 21 SECTION 13. Accountants’ Letters 21 SECTION 14. Indemnification 22 SECTION 15. obligations of guarantor 22 SECTION 16. Notices 24 SECTION 17. Transfer of Mortgage Loans 24 SECTION 18. Termination 24 SECTION 19. Representations, qualified Warranties and Agreements to Survive Delivery 24 SECTION 20. Severability 25 SECTION 21. Counterparts 25 SECTION 22. Amendment 25 SECTION 23. GOVERNING LAW 25 SECTION 24. Further Assurances 25 SECTION 25. Successors and Assigns 25 SECTION 26. The Mortgage Loan Seller 25 SECTION 27. Entire Agreement 26 SECTION 28. No Partnership 26 Exhibit 1 Contents of Mortgage File Exhibit 2 Mortgage Loan Schedule Exhibit 3 Mortgage Loan Schedule Information Exhibit 4 Intentionally Omitted Exhibit 5 Intentionally Omitted Exhibit 6 Schedule of Lost Notes Exhibit 7 Standard & Poor’s Appendix E to Glossary MORTGAGE LOAN PURCHASE AGREEMENT, dated as of October 24, 2005, as amended and supplemented by any and all amendments hereto (collectively, “this Agreement”), by and between OCWEN MORTGAGE ASSET TRUST I, a Delaware statutory trust (the “Mortgage Loan Seller”), OCWEN FINANCIAL CORPORATION, a Florida corporation (the "Guarantor") and BEAR XXXXXXX ASSET BACKED SECURITIES I LLC, a Delaware limited liability company (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Mortgage Loan Seller agrees to sell, and the Purchaser agrees to purchase, certain conventional, closed-end, fixed rate and adjustable rate, first and second lien mortgage loans secured by one- to four-family residences as described herein and listed on Exhibit 2, attached hereto (collectively, the “Mortgage Loans”). The Purchaser intends to deposit the Mortgage Loans into a trust fund (the “Trust Fund”), together with certain mortgage loans sold by Xxxxxxxxx Acquisition Trust 2005-1 and by Xxxxxxxxx Acquisition Trust 2005-2, (together with Xxxxxxxxx Acquisition Trust 2005-1, "Xxxxxxxxx") to the Depositor pursuant to two separate mortgage loan purchase agreements dated as of the date hereof, and create Bear Xxxxxxx Asset Backed Securities I LLC, Asset-Backed Certificates, Xxxxxxxxx Mortgage Loan Trust Series 2005-1 (the “Certificates”), under a pooling and servicing agreement, to be dated as of October 1, 2005 (the “Pooling and Servicing Agreement”), among the Purchaser, as depositor, the Mortgage Loan Seller, as seller, Ocwen Loan Servicing, LLC, as servicer (the “Servicer”), Xxxxxxxxx, as seller, LaSalle Bank National Association, as master servicer (in that capacity, the “Master Servicer”) and securities administrator, Xxxxx Fargo Bank, National Association, as custodian (the "Custodian"), The Risk Management Group, as risk manager, and Citibank, N.A. as trustee (the “Trustee”). The Guarantor will guaranty the Mortgage Loan Seller's obligations to repurchase or withdrawn since substitute a Mortgage Loan pursuant to the dates terms of issuance this Agreement and the Pooling and Servicing Agreement, or indemnify any party pursuant to the terms of such ratings by the Rating Agenciesthis Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November December 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November December 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Re: Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2005-S2 (the “Trust”) I, [identify the certifying individual], a [title] of GMAC Mortgage Corporation, as Servicer of the above ratings has been loweredTrust, qualified or withdrawn since hereby certify to Xxxxx Fargo Bank, N.A. (the dates of issuance of such ratings by “Master Servicer”), and its officers, directors and affiliates, and with the Rating Agencies.knowledge and intent that they will rely upon this certification, that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 46:10B 22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 46:10B- 22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A-1 AAA Aaa Class A-2 AAA Aaa Class M-1 AA Aa2 Class M-2 A A2 Class M-3 A- A3 Class M-4 BBB+ Baa1 Class M-5 BBB Baa2 Class M-0 XXX- Xxx0 Xxxx of the above ratings have been lowered since the respective dates of such letters. Class R-1 Class R-2 Class R-3 Class B-IO None of the above ratings has have been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. DATE: May 31, 2006 TO: U.S. Bank National Association, not individually, but solely as Trustee on behalf of such ratings by Prime Mortgage Trust 2006-CL1, Mortgage Pass-Through Certificates, Series 2006-CL1 ATTENTION: Mxxxxxxxx Xxxxxx TELEPHONE: 600-000-0000 FACSIMILE: 600-000-0000 FROM: Derivatives Documentation TELEPHONE: 200-000-0000 FACSIMILE: 200-000-0000 SUBJECT: Fixed Income Derivatives Confirmation and Agreement REFERENCE NUMBER: FXNEC8246 The purpose of this letter agreement ("Agreement") is to confirm the Rating Agenciesterms and conditions of the Transaction entered into on the Trade Date specified below (the "Transaction") between Bear Sxxxxxx Financial Products Inc. ("BSFP") and U.S. Bank National Association, not individually, but solely as Trustee (the “Trustee”) on behalf of the Prime Mortgage Trust 2006-CL1(“Counterparty”) under the Pooling and Servicing Agreement, dated and effective as of May 1, 2006, among Structured Asset Mortgage Investment II, Inc., as Depositor, EMC Mortgage Corporation, as Seller, Wxxxx Fargo Bank, National Association, as Master Servicer and Securities Administrator, and U.S. Bank National Association, as Trustee (the “Pooling and Servicing Agreement”). This Agreement, which evidences a complete and binding agreement between you and us to enter into the Transaction on the terms set forth below, constitutes a "Confirmation" as referred to in the "ISDA Form Master Agreement" (as defined below), as well as a “Schedule” as referred to in the ISDA Form Master Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.Loan

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage Rhode Island Rhode Island Home Loan Protection Act, R.I. Gen. Laws §§ 34-25.2-1 et seq. Effective December 31, 2006. High Cost Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan Tennessee Tennessee Home Loan Protection Act, Tenn. Code Xxx. §§ 00-00-000 et seq. Effective January 1, 2007. High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. Xxxx of the above ratings has been lowered since the respective dates of such ratings by letters. DATE: September 26, 2005 TO: U.S. Bank National Association, not in its individual capacity but solely as Trustee for Bank United Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1 ATTENTION: Xxxxxxxxx Xxxxxx / Bank United 2005-1 TELEPHONE: 000-000-0000 FACSIMILE: 000-000-0000 FROM: Derivatives Documentation TELEPHONE: 000-000-0000 FACSIMILE: 000-000-0000 SUBJECT: Mortgage Derivatives Confirmation and Agreement REFERENCE NUMBER(S): FXBUMT51C1 The purpose of this letter agreement ("Agreement") is to confirm the Rating Agenciesterms and conditions of the current Transaction entered into on the Trade Date specified below (the "Transaction") between Bear Xxxxxxx Financial Products Inc. ("BSFP") and U.S. Bank National Association, not in its individual capacity but solely as Trustee for Bank United Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1 ("Counterparty"). This Agreement, which evidences a complete and binding agreement between you and us to enter into the Transaction on the terms set forth below, constitutes a "Confirmation" as referred to in the "ISDA Form Master Agreement" (as defined below), as well as a “Schedule” as referred to in the ISDA Form Master Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A-1 AAA Aaa Class A-2 AAA Aaa None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance of such ratings by the Rating Agencies.letters. Class M AA+ Aa1

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 46:10B 22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 46:10B- 22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.. I-X-0 XX XX-X-0 XX XX-X-0 X II-B-6 Not Rated I-P Not Rated I-C Not Rated I-R-1 Not Rated

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class I-A-1 AAA Aaa Class I-A-2 AAA Aa1 Class II-A-1 AAA Aaa Class II-A-2 AAA Aa1 None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance of such ratings by the Rating Agenciesletters.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None Xxxx of the above ratings has been lowered, qualified or withdrawn since the dates of issuance of such ratings by the Rating Agencies.. This certificate is being delivered pursuant to Section 3.13(b) of the Pooling and Servicing Agreement, dated as of November 1, 2005 (the “Agreement”), among Bear Xxxxxxx Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation (the “Company”), as seller and company, Xxxxx Fargo Bank, National Association, as master servicer and securities administrator, and U.S. Bank National Association, as trustee. Capitalized terms used herein and not otherwise defined have the meanings set forth in the Agreement. I certify that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class A-1 AAA Aaa Class A-2 AAA Aaa Class A-3 AAA Aaa Class A-4 AAA Aaa None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. Class X AA+ NR Class B-1 AA NR Class B-2 A NR Class B-3 BBB NR Class B-4 BB NR Class X-0 X XX Xxxxx X-0 XX XX Xxxx of the above ratings has been lowered since the respective dates of such ratings letters. Exhibit 1 Contents of Mortgage File Exhibit 2 Mortgage Loan Schedule Information Exhibit 3 Schedule of Lost Notes Exhibit 4 Standard & Poor’s Levels Glossary, Version 5.6 Revised, Appendix E Schedule A Required Ratings for Each Class of Notes Schedule B Mortgage Loan Schedule LOAN SALE AGREEMENT, dated as of February 28, 2006, as amended and supplemented by any and all amendments hereto (collectively, the “Agreement”), by and between EMC MORTGAGE CORPORATION, a Delaware corporation (the “Mortgage Loan Seller”) and CS OT I LLC, a Delaware corporation (the “Purchaser”). Upon the terms and subject to the conditions of this Agreement, the Mortgage Loan Seller agrees to sell, and the Purchaser agrees to purchase, certain conventional, first lien mortgage loans secured primarily by one- to four-family residential properties and individual condominium units (collectively, the “Mortgage Loans”) as described herein. Bear Xxxxxxx Asset Backed Securities I LLC (the “Depositor”) has established Bear Xxxxxxx ARM Trust 2006-1, a Delaware statutory trust (the “Issuing Entity”) pursuant to a Short Form Trust Agreement, dated as of February 27, 2006 between the Depositor and the Owner Trustee, as amended by the Rating AgenciesAmended and Restated Trust Agreement of February 28, 2006, among the Depositor, Wilmington Trust Company as owner trustee of Bear Xxxxxxx ARM Trust 2006-1 (the “Issuing Entity”) and Xxxxx Fargo Bank, National Association, as securities administrator and certificate paying agent (together, the “Trust Agreement”). The Purchaser intends to sell the Mortgage Loans to the Depositor pursuant to a Mortgage Loan Purchase Agreement, dated as of February 28, 2006 between the Purchaser as mortgage loan seller and the Depositor, as purchaser (the “Mortgage Loan Purchase Agreement”). The Depositor intends to sell the Mortgage Loans to the Issuing Entity pursuant to a Sale and Servicing Agreement, dated February 28, 2006 (the “Sale and Servicing Agreement”) among the Issuing Entity, U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”), Xxxxx Fargo Bank, N.A. as master servicer and securities administrator, CSE Mortgage LLC as sponsor and company, CS OT I LLC as seller and the Mortgage Loan Seller. The Issuing Entity, pursuant to an Indenture, dated as of February 28, 2006 (the “Indenture”) among the Issuing Entity, the Securities Administrator and the Indenture Trustee, intends to pledge the Mortgage Loans to the Indenture Trustee and issue and transfer to the Purchaser the Bear Xxxxxxx ARM Trust 2006-1, Mortgage-Backed Notes, Series 2006-1 and the Notes issued pursuant to the Indenture (the “Notes”). Xxxxx Fargo Bank, National Association, as master servicer (in such capacity, the “Master Servicer”) will master service the Mortgage Loans on behalf of the Issuing Entity pursuant to the Sale and Servicing Agreement. The servicing of the Mortgage Loans will be provided by Xxxxx Fargo Bank, N.A. (in such capacity, the “Servicer”) pursuant to the Xxxxx Fargo Servicing Agreement as specified in Appendix A to the Indenture pursuant to its Sale and Servicing Agreement as specified in Appendix A to the Indenture, which (other than with respect to certain rights of the Mortgage Loan Seller against the Servicer) will be assigned to the Issuing Entity on the Closing Date pursuant to the Assignment Agreement. The representations and warranties made by Xxxxx Fargo Bank, N.A. (in such capacity, the “Underlying Seller”) and the remedies for breach thereof will be assigned to the Issuing Entity on the Closing Date pursuant to, and to the extent provided in the Assignment Agreement.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July August 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November December 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November December 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July August 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None The Loss Mit Type field should show the approved Loss Mitigation Code as follows: • ASUM- Approved Assumption • BAP- Borrower Assistance Program • CO- Charge Off • DIL- Deed-in-Lieu • FFA- Formal Forbearance Agreement • MOD- Loan Modification • PRE- Pre-Sale • SS- Short Sale • MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the above ratings has been lowered, qualified or withdrawn since Loss Mitigation Types prior to sending the dates file. The Occupant Code field should show the current status of issuance the property code as follows: • Mortgagor • Tenant • Unknown • Vacant The Property Condition field should show the last reported condition of such ratings by the Rating Agencies.property as follows: • Damaged • Excellent • Fair • Gone • Good • Poor • Special Hazard • Unknown

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. None of the above ratings has been lowered since the respective dates of such ratings by the Rating Agenciesletters.

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Xxx. §§ 31-17-1 et seq. Effective June 5, 0000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code Xxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code Xxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Class I-A-1 AAA AAA Class I-A-2 AAA AAA Class II-A-1 AAA AAA Class II-A-2 AAA AAA Class M-1 AA AA Class M-2 A A Class M-3 BBB BBB None of the above ratings has been lowered, qualified or withdrawn lowered since the respective dates of issuance of such ratings by letters. Re: Xxxxxxx Xxxxx Mortgage Investors, Inc. Mortgage Pass-Through Certificates, Series 2005-A7 I, [identify the Rating Agencies.certifying individual], certify that:

et seq. Effective May 24, 2002 Covered Loan Oklahoma Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004 Subsection 10 Mortgage Rhode Island Rhode Island Home Loan Protection Act, R.I. Gen. Laws §§ 34-25.2-1 et seq. Effective December 31, 2006. High Cost Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code High Cost Home Loan XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 0000 Xxxx Xxxxxxxx Xxxx Xxxxxxxx 2004 High Cost Home Loan Tennessee Tennessee Home Loan Protection Act, Tenn. Code Axx. §§ 40-00-000 et seq. Effective January 1, 2007. High Cost Home Loan West Virginia West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code XxxAxx. §§ 31-17-1 et seq. Effective June 5, 0000 2000 Xxxx Xxxxxxxx Mortgage Loan Act Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Covered Loan New Jersey New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective November 27, 2003 – - July 5, 2004 Covered Home Loan Georgia (Oct. 1, 2002 – - Mar. 6, 2003) Georgia Fair Lending Act, Ga. Code XxxAxx. §§ 7-6A-1 et seq. Effective October 1, 2002 – - March 6, 2003 Home Loan New Jersey New Jersey Home Ownership Security Home Loan Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003 Home Loan New Mexico Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004 Home Loan North Carolina Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq. Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit) Consumer Home Loan South Carolina South Carolina High Cost and Consumer Home Loans Act, S.C. Code XxxAxx. §§ 37-23-10 et seq. Effective for loans taken on or after January 1, 2004 Consumer Home Loan Revised 10/20/06 Class A-1 AAA Aaa Class A-2 AAA Aaa Class A-3 AAA Aaa Class B-1 AA AA Class B-2 A A Class B-3 BBB BBB Class X AAA Aaa Class PO AAA Aaa Class R AAA Aaa None of the above ratings has have been lowered, qualified or withdrawn lowered since the respective dates of issuance such letters. Class B-0 XX XX Xxxxx X-0 X X Class B-6 -- -- None of the above ratings have been lowered since the respective dates of such ratings by letters. EXHIBITS Exhibit A Mortgage Loan Schedule Exhibit B Custodial Account Letter Agreement Exhibit C Escrow Account Letter Agreement Exhibit D Form of Request for Release Exhibit E Remittance Overview Report Exhibit F Remittance Summary Report Exhibit G Form of Owner Certification Exhibit H Summary of Regulation AB Servicing Criteria Exhibit I Summary of Applicable Regulation AB Requirements Exhibit J Servicing Criteria to be Addressed in Assessment of Compliance Exhibit K Default Overview Report Exhibit L Delinquent Summary Report Exhibit M Calculation of Gain-Loss Delinquent Loans Exhibit N Modified Loans Report Exhibit O Claims Submitted Report Exhibit P Loss Severity Summary Report THIS IS A SERVICING AGREEMENT, dated as of April 1, 2007, and is executed between Structured Asset Mortgage Investments II Inc. (the Rating Agencies"Owner") and EMC Mortgage Corporation (the "Servicer").