Structured Adjustable Rate Mortgage Loan Trust Series 2006-12 Sample Contracts

LEHMAN BROTHERS HOLDINGS INC., SELLER and STRUCTURED ASSET SECURITIES CORPORATION, PURCHASER MORTGAGE LOAN SALE AND ASSIGNMENT AGREEMENT Dated as of December 1, 2006 Structured Adjustable Rate Mortgage Loan Trust (Mortgage Pass- Through Certificates,...
Mortgage Loan Sale and Assignment Agreement • January 12th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-12 • Asset-backed securities • New York

This MORTGAGE LOAN SALE AND ASSIGNMENT AGREEMENT, dated as of December 1, 2006 (the “Agreement”), is executed by and between Lehman Brothers Holdings Inc. (the “Seller”) and Structured Asset Securities Corporation (the “Depositor”).

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Lehman Brothers Bank, FSB, Purchaser and Countrywide Home Loans, Inc., Company
Flow Seller’s Warranties and Servicing Agreement • January 12th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-12 • Asset-backed securities • New York

This is a Flow Seller’s Warranties and Servicing Agreement for conventional residential first lien mortgage loans, dated and effective as of June 1, 2004, and is executed between Lehman Brothers Bank, FSB, as purchaser (the “Purchaser”), and Countrywide Home Loans, Inc., as seller and servicer (the “Company”).

FLOW INTERIM SERVICING AGREEMENT between Lehman Brothers Bank, FSB, Purchaser and Greenpoint Mortgage Funding, Inc. Interim Servicer Dated as of December 12, 2001 CONVENTIONAL FIXED AND ADJUSTABLE RATE RESIDENTIAL MORTGAGE LOANS Group No. 2001-
Interim Servicing Agreement • January 12th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-12 • Asset-backed securities • New York

This Flow Interim Servicing Agreement (the “Agreement”) is entered into as of the 12th day of December 2001, by and between GREENPOINT MORTGAGE FUNDING INC. (the “Interim Servicer”), a California corporation and LEHMAN BROTHERS BANK, FSB, a Delaware corporation (the “Purchaser”).

STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-12 TERMS AGREEMENT
Terms Agreement • January 12th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-12 • Asset-backed securities

To: Structured Asset Securities Corporation, as Depositor under the Trust Agreement dated as of December 1, 2006 (the “Trust Agreement”).

RECONSTITUTED SERVICING AGREEMENT
Reconstituted Servicing Agreement • January 12th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-12 • Asset-backed securities • New York
AURORA LOAN SERVICES LLC, as Servicer LEHMAN BROTHERS HOLDINGS INC., as Seller and AURORA LOAN SERVICES LLC as Master Servicer
Servicing Agreement • January 12th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-12 • Asset-backed securities • New York

THIS SERVICING AGREEMENT (this “Agreement”), entered into as of the 1st day of December, 2006, by and between LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation (the “Seller”), AURORA LOAN SERVICES LLC, a Delaware limited liability company (the “Servicer”), and AURORA LOAN SERVICES LLC, as Master Servicer under the Trust Agreement (as defined herein) recites and provides as follows:

RECONSTITUTED SERVICING AGREEMENT
Servicing Agreement • January 12th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-12 • Asset-backed securities • New York
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