Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Af1 Sample Contracts

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SERVICER APPOINTMENT, ASSUMPTION AND AMENDMENT AGREEMENT
Servicer Appointment, Assumption And • January 5th, 2007 • Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Af1 • Asset-backed securities • New York

THIS SERVICER APPOINTMENT, ASSUMPTION AND AMENDMENT AGREEMENT (this “Agreement”), dated as of January 2, 2007, 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 servicer (“Wells Fargo”), 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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