HSI Asset Securitization Corp Pass-Through Certs Series 2006-Opt1 Sample Contracts

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MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • February 21st, 2006 • HSI Asset Securitization Corp Pass-Through Certs Series 2006-Opt1 • 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”).

DATE:
HSI Asset Securitization Corp Pass-Through Certs Series 2006-Opt1 • February 21st, 2006 • Asset-backed securities • New York

The purpose of this letter agreement ("Agreement") is to confirm the terms and conditions of the Transaction entered into on the Trade Date specified below (the "Transaction") between Bear Stearns Financial Products Inc. ("BSFP") and the Supplemental Interest Trust of the HSI Asset Securitization Corporation Trust 2006-OPT1 (the “Counterparty”), as represented by Wells Fargo Bank, N.A., not individually, but solely as Securities Administrator under the Pooling and Servicing Agreement, dated and effective as of January 1, 2006, among HSI Asset Securitization Corporation, as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and Custodian, Option One Mortgage Corporation, as Originator and Servicer, Deutsche Bank National Trust Company, 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

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