First Franklin Mortgage Loan Trust 2006-Ff1 Sample Contracts

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MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • February 9th, 2006 • First Franklin Mortgage Loan Trust 2006-Ff1 • Asset-backed securities • New York

This Mortgage Loan Purchase Agreement (the “Agreement”), dated as of January 1, 2006, is between HSI Asset Securitization Corporation, a Delaware corporation (the “Company”), and HSBC Bank USA, National Association, a national banking association (the “Seller”).

Rate Swap Transaction Re: BNY Reference No. 37240
Letter Agreement • February 9th, 2006 • First Franklin Mortgage Loan Trust 2006-Ff1 • Asset-backed securities • New York

This Agreement is subject to the 2000 ISDA Definitions (the “Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”). You and we have agreed to enter into this Agreement in lieu of negotiating a Schedule to the 1992 ISDA Master Agreement (Multicurrency—Cross Border) form (the “ISDA Form Master Agreement”) but, rather, an ISDA Form Master Agreement, as modified by the Schedule terms in Section 4 of this Confirmation (the “Master Agreement”), shall be deemed to have been executed by you and us on the date we entered into the Transaction. In the event of any inconsistency between the provisions of this Agreement and the Definitions or the ISDA Form Master Agreement, this Agreement shall prevail for purposes of the Transaction.

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