EXHIBIT 1.1 ASSET BACKED FUNDING CORPORATION $1,026,972,000 (Approximate) Asset Backed Funding Corporation Asset-Backed Certificates, Series 2006-OPT1 August 8, 2006 UNDERWRITING AGREEMENT Banc of America Securities LLC 214 North Tryon Street...ABFC 2006-Opt1 Trust • August 25th, 2006 • Asset-backed securities • New York
ASSET BACKED FUNDING CORPORATION, Depositor OPTION ONE MORTGAGE CORPORATION, Servicer and WELLS FARGO BANK, N.A., TrusteePooling and Servicing Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities • New York
EXHIBIT 10.3 ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT Assignment, Assumption and Recognition Agreement, dated August 10, 2006, among Bank of America, National Association, a national banking association (the "Assignor"), Asset Backed Funding...Assignment, Assumption and Recognition Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities
as Seller andLoan Purchase Agreement • August 31st, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities • New York
Conventional, Adjustable and Fixed Rate Residential Mortgage LoansMortgage Loan Purchase and Warranties Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities • New York
ARTICLE II SALE OF MORTGAGE LOANS; PAYMENT OF PURCHASE PRICEMortgage Loan Purchase Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities • New York
EXHIBIT 10.1 ADDITIONAL TRANSFER INSTRUMENT Pursuant to this Additional Transfer Instrument, dated August 30, 2006 (the "Instrument"), between Asset Backed Funding Corporation (the "Depositor"), as seller, and Wells Fargo Bank, N.A., as trustee of the...ABFC 2006-Opt1 Trust • August 31st, 2006 • Asset-backed securities • New York
