NovaStar Mortgage Funding Trust, Series 2006-3 Sample Contracts

AMENDMENT NO. 1 TO THE POOLING AND SERVICING AGREEMENT
Pooling and Servicing Agreement • September 22nd, 2006 • NovaStar Mortgage Funding Trust, Series 2006-3 • Asset-backed securities • New York

Amendment No. 1, dated as of September 18, 2006 (the “Amendment”), to the Pooling and Servicing Agreement (the “Agreement”) dated as of June 1, 2006, among NovaStar Mortgage Funding Corporation (the “Company”), NovaStar Mortgage, Inc., as seller and servicer (the “Seller” or “Servicer”), U.S. Bank National Association, as custodian (the “Custodian”), JPMorgan Chase Bank, National Association, as trustee (the “Trustee”) and J.P. Morgan Trust Company, National Association, as co-trustee (the “Co-Trustee”). Capitalized terms used and not defined herein shall have the meaning set forth in the Agreement and Appendix A thereto.

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Acknowledgement and Assignment Agreement
Acknowledgement and Assignment Agreement • September 22nd, 2006 • NovaStar Mortgage Funding Trust, Series 2006-3 • Asset-backed securities

This Acknowledgement and Assignment Agreement is dated as of September 18, 2006 (this “Agreement”) and relates to NovaStar Mortgage Funding Trust, Series 2006-3 (the “Trust”), which was created pursuant to the Pooling and Servicing Agreement dated as of June 1, 2006 (the “Agreement”) by and among NovaStar Mortgage Funding Corporation, as Company (the “Company”), NovaStar Mortgage, Inc., as Servicer and as Seller (the “Servicer” and the “Seller”), U.S. Bank National Association as Custodian (the “Custodian”), J.P. Morgan Chase Bank, National Association as Trustee (the “Trustee”) and J.P. Morgan Trust Company, National Association, as Co-Trustee (the “Co-Trustee”) Capitalized terms used herein and not otherwise defined herein shall have their respective meanings as set forth in the Agreement.

AMENDMENT TO THE POOLING AND SERVICING AGREEMENTS
Pooling and Servicing Agreements • November 7th, 2007 • NovaStar Mortgage Funding Trust, Series 2006-3 • Asset-backed securities • New York

Amendment, dated as of November 1, 2007 (the “Amendment”), to the Pooling and Servicing Agreements (the “Agreements”) listed on Schedule I hereto, each among NovaStar Mortgage Funding Corporation (the “Company” or the “Depositor”, as applicable), NovaStar Mortgage, Inc., as seller or sponsor and servicer (the “Sponsor” and “Servicer”), U.S. Bank National Association, as certificate administrator or custodian, as applicable (the “Custodian”), and The Bank of New York, as trustee (the “Trustee”) and as co trustee (the “Co-Trustee”) as applicable. Capitalized terms used and not defined herein shall have the meaning set forth in the Agreements and Appendix A thereto.

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