Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-He1 Sample Contracts

NOMURA HOME EQUITY LOAN, INC., Depositor NOMURA CREDIT & CAPITAL, INC., Sponsor OCWEN LOAN SERVICING, LLC, Servicer WELLS FARGO BANK, NATIONAL ASSOCIATION, Master Servicer and Securities Administrator and HSBC BANK USA, NATIONAL ASSOCIATION Trustee
Pooling and Servicing Agreement • April 6th, 2006 • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-He1 • Asset-backed securities • New York

POOLING AND SERVICING AGREEMENT, dated as of February 1, 2006, among NOMURA HOME EQUITY LOAN, INC., a Delaware corporation, as depositor (the “Depositor”), NOMURA CREDIT & CAPITAL, INC., a Delaware corporation, as seller (in such capacity, the “Sponsor”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as master servicer (the “Master Servicer”) and securities administrator (the “Securities Administrator”), OCWEN LOAN SERVICING, LLC, a Delaware limited liability company, as servicer (the “Servicer”) and HSBC BANK, USA, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, but solely as trustee (the “Trustee”).

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SERVICER APPOINTMENT, ASSUMPTION AND AMENDMENT AGREEMENT
Appointment, Assumption And • April 6th, 2006 • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-He1 • Asset-backed securities • New York

THIS SERVICER APPOINTMENT, ASSUMPTION AND AMENDMENT AGREEMENT (this “Agreement”), dated as of March 31, 2006, is by and among Nomura Home Equity Loan, Inc., as depositor (the “Depositor”), Nomura Credit & Capital, Inc., as seller (in such capacity, the “Sponsor”), Wells Fargo Bank, National Association, as a servicer (“Wells Fargo”), Ocwen Loan Servicing, LLC, as a servicer (“Ocwen”), Wells Fargo Bank, National Association, as master servicer (the “Master Servicer”) and securities administrator (the “Securities Administrator”), and HSBC Bank USA, National Association, as trustee (the “Trustee”).

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