RecitalsAssignment and Assumption Agreement • April 13th, 2006 • RASC Series 2006-Ks3 Trust • Asset-backed securities
Trustee POOLING AND SERVICING AGREEMENT Dated as of March 1, 2006 Home Equity Mortgage Asset-Backed Pass-Through Certificates Series 2006-KS3Pooling and Servicing Agreement • April 13th, 2006 • RASC Series 2006-Ks3 Trust • Asset-backed securities • New York
This Pooling and Servicing Agreement, effective as of March 1, 2006, among RESIDENTIAL ASSET SECURITIES CORPORATION, as the depositor (together with its permitted successors and assigns, the "Depositor"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and U.S. BANK NATIONAL ASSOCIATION, a banking association organized under the laws of the United States, as trustee (together with its permitted successors and assigns, the "Trustee"). PRELIMINARY STATEMENT: The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in eighteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein) and certain other related assets. REMIC I As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Mortgage Loans
