Home Equity Mortgage Trust 2006-2 Sample Contracts

ASSET BACKED SECURITIES CORPORATION as Depositor and WILMINGTON TRUST COMPANY as Owner Trustee TRUST AGREEMENT Dated as of April 28, 2006 Home Equity Mortgage Trust 2006-2
Trust Agreement • May 16th, 2006 • Home Equity Mortgage Trust 2006-2 • Asset-backed securities • Delaware

This Trust Agreement, dated as of April 28, 2006 (as may be amended, modified or supplemented and in effect from time to time, this “Trust Agreement”), between ASSET BACKED SECURITIES CORPORATION, a Delaware corporation, as depositor (the “Depositor”) and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as owner trustee (the “Owner Trustee”),

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LOAN PURCHASE AGREEMENT
Loan Purchase Agreement • May 16th, 2006 • Home Equity Mortgage Trust 2006-2 • Asset-backed securities • New York

THIS LOAN PURCHASE AGREEMENT, dated April 28, 2006, is entered into by and among DLJ Mortgage Capital, Inc., a Delaware corporation (“Sponsor”), Asset Backed Securities Corporation, a Delaware corporation (“Purchaser”), U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”) and Home Equity Mortgage Trust 2006-2 (the “Issuer”):

HOME EQUITY MORTGAGE TRUST 2006-2 Issuer and Indenture Trustee INDENTURE Dated as of April 28, 2006 ASSET-BACKED NOTES, SERIES 2006-2
Indenture • May 16th, 2006 • Home Equity Mortgage Trust 2006-2 • Asset-backed securities • New York

This Indenture, dated as of April 28, 2006, between Home Equity Mortgage Trust 2006-2, a Delaware statutory trust, as Issuer (the “Issuer”) and U.S. Bank National Association, a national banking association organized under the laws of the United States, and any successor thereto, as Indenture Trustee (the “Indenture Trustee”).

WILSHIRE CREDIT CORPORATION, as Servicer OCWEN LOAN SERVICING, LLC, as Servicer PNC BANK, N.A., as Servicer SELECT PORTFOLIO SERVICING, INC., as Special Servicer HOME EQUITY MORTGAGE TRUST 2006-2, as Issuer and as Indenture Trustee SERVICING AGREEMENT...
Servicing Agreement • May 16th, 2006 • Home Equity Mortgage Trust 2006-2 • Asset-backed securities • New York

This is a Servicing Agreement, dated as of April 28, 2006, among Wilshire Credit Corporation as a servicer (“Wilshire”), Ocwen Loan Servicing, LLC as a servicer (“Ocwen”), Select Portfolio Servicing, Inc. as special servicer (“SPS”), PNC Bank, N.A. as a servicer (“PNC” and together with Wilshire, Ocwen and SPS, the “Servicers”), Home Equity Mortgage Trust 2006-2 (the “Issuer”) and U.S. Bank National Association as indenture trustee (in such capacity, the “Indenture Trustee”).

TRUST AGREEMENT
Trust Agreement • October 5th, 2006 • Home Equity Mortgage Trust 2006-2 • Asset-backed securities • New York

THIS AMENDMENT NO. 1, dated as of September 12, 2006 (the “Amendment”), to the Trust Agreement (the “Trust Agreement”), dated as of April 28, 2006, between ASSET BACKED SECURITIES CORPORATION, a Delaware corporation, as depositor (the “Depositor”), and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as owner trustee (the “Owner Trustee”).

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