SACO I Trust 2006-2 Sample Contracts

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • April 2nd, 2007 • SACO I Trust 2006-2 • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of January 30, 2006, among EMC Mortgage Corporation (the “Assignor”), Citibank, N.A., not individually but solely as trustee for the holders of the SACO I Trust 2006-2, Mortgage Pass-Through Certificates, Series 2006-2 (the “Assignee”) and First Tennessee Mortgage Services, Inc. (the “Company”).

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AMENDMENT NO. 1 TO PURCHASE, WARRANTIES AND SERVICING AGREEMENT
Purchase, Warranties and Servicing Agreement • April 2nd, 2007 • SACO I Trust 2006-2 • Asset-backed securities

THIS AMENDMENT NO. 1, effective as of May 14, 2004, amends the Purchase, Warranties and Servicing Agreement among EMC Mortgage Corporation (the “Purchaser”), First Tennessee Mortgage Services, Inc., as servicer (the “Servicer”) and First Horizon Home Loan Corporation (the “Seller”, and together with the Servicer, the “Company”), previously entered into as of September 1, 2003 (the “Agreement”).

AMENDMENT NUMBER FOUR to the PURCHASE, WARRANTIES AND SERVICING AGREEMENT Dated as of September 1, 2003 among EMC MORTGAGE CORPORATION, as Purchaser and FIRST TENNESSEE MORTGAGE SERVICES, INC. as Servicer, FIRST HORIZON HOME LOAN CORPORATION, as Seller
Purchase, Warranties and Servicing Agreement • April 2nd, 2007 • SACO I Trust 2006-2 • Asset-backed securities

This AMENDMENT NUMBER FOUR (this “Amendment”) is made and entered into this 22nd day of December, 2005, by and among EMC Mortgage Corporation, a Delaware corporation, as purchaser (the “Purchaser”) and First Tennessee Mortgage Services, Inc., as servicer (the “Servicer”) and First Horizon Home Loan Corporation (the “Seller”, and together with the Servicer, the “Company”) in connection with the Purchase, Warranties and Servicing Agreement, dated as of September 1, 2003, between the above mentioned parties (the “Agreement”).

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