Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 Sample Contracts

AURORA LOAN SERVICES LLC, as Servicer LEHMAN BROTHERS HOLDINGS INC., as Seller and AURORA LOAN SERVICES LLC as Master Servicer
Servicing Agreement • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • Asset-backed securities • New York

THIS SERVICING AGREEMENT (this “Agreement”), entered into as of the 1st day of May, 2007, 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) and acknowledged by HSBC BANK USA, NATIONAL ASSOCIATION, as Trustee under the Trust Agreement, recites and provides as follows:

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LEHMAN BROTHERS HOLDINGS INC., SELLER and STRUCTURED ASSET SECURITIES CORPORATION, PURCHASER MORTGAGE LOAN SALE AND ASSIGNMENT AGREEMENT Dated as of May 1, 2007 Structured Adjustable Rate Mortgage Loan Trust (Mortgage Pass- Through Certificates,...
Mortgage Loan Sale and Assignment Agreement • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • Asset-backed securities • New York

This MORTGAGE LOAN SALE AND ASSIGNMENT AGREEMENT, dated as of May 1, 2007 (the “Agreement”), is executed by and between Lehman Brothers Holdings Inc. (the “Seller”) and Structured Asset Securities Corporation (the “Depositor”).

Lehman Brothers Bank, FSB,
Flow Seller’s Warranties and Servicing Agreement • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • 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”).

RECONSTITUTED SERVICING AGREEMENT
Servicing Agreement • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • Asset-backed securities • New York
ISDAâ International Swaps and Derivatives Association, Inc. MASTER AGREEMENT dated as of May 31, 2007
Isda Master Agreement • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • Asset-backed securities • New York

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.

RECONSTITUTED SERVICING AGREEMENT
Servicing Agreement • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • Asset-backed securities • New York
TO: Supplemental Interest Trust, Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2007-5 c/o U.S. Bank, National Association One Federal Street, 3rd Floor Boston, MA 02110 ("Party B") FROM: HSBC BANK USA,...
Interest Rate Swap Transaction • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • Asset-backed securities

This Confirmation constitutes a “Confirmation” as referred to in, and supplements, forms part of and is subject to, the ISDA Master Agreement dated as of May 31, 2007, as amended and supplemented from time to time (the “Agreement”) between Party A and Party B. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.

STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-5 TERMS AGREEMENT
Terms Agreement • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • Asset-backed securities

To: Structured Asset Securities Corporation, as Depositor under the Trust Agreement dated as of May 1, 2007 (the “Trust Agreement”).

and GREENPOINT MORTGAGE FUNDING, INC.
Flow Mortgage Loan Purchase, Warranties and Servicing Agreement • June 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 • Asset-backed securities • New York

This is an Amended and Restated Flow Mortgage Loan Purchase, Warranties and Servicing Agreement for residential conventional adjustable rate first lien and fixed rate first and second lien mortgage loans, dated and effective as of January 1, 2007, and is executed between Lehman Brothers Bank, FSB, as purchaser (the “Purchaser”) and GreenPoint Mortgage Funding, Inc., as seller (the “Seller”).

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