AMENDMENT NUMBER ONE to the POOLING AND SERVICING AGREEMENTS Series 2005-HE3, Dated as of March 1, 2005 Series 2005-AQ1, Dated as of April 1, 2005 Series 2005-HE4, Dated as of April 1, 2005 Series 2005-TC1, Dated as of May 1, 2005 Series 2005-HE5,...
AMENDMENT NUMBER ONE
to the
POOLING AND SERVICING AGREEMENTS
Series 2005-HE3, Dated as of March 1, 2005
Series 2005-AQ1, Dated as of April 1, 2005
Series 2005-HE4, Dated as of April 1, 2005
Series 2005-TC1, Dated as of May 1, 2005
Series 2005-HE5, Dated as of May 1, 2005
among
BEAR XXXXXXX ASSET BACKED SECURITIES I LLC, as Depositor
EMC MORTGAGE CORPORATION, as a Seller and as Master Servicer
and
LASALLE BANK NATIONAL ASSOCIATION, as Trustee
This AMENDMENT NUMBER ONE is made and entered into this 9th day of August 2005, by and among BEAR XXXXXXX ASSET BACKED SECURITIES I LLC, a Delaware limited liability company, as depositor (the “Depositor”), EMC MORTGAGE CORPORATION, a Delaware corporation, as seller (in such capacity, the “Seller”) and as master servicer (in such capacity, the “Master Servicer”) and LASALLE BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as trustee (the “Trustee”), in connection with the Pooling and Servicing Agreements dated as of the dates mentioned above, among the above mentioned parties (the “Agreements”), and the issuance of Asset-Backed Certificates, Series 2005-HE3, Series 2005-AQ1, Series 2005-HE4, Series 2005-TC1 and Series 2005-HE5. This amendment is made pursuant to Section 11.01 of the Agreements.
1. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Agreements.
2. The definition of Special Servicer Trigger in Section 1.01 of the Agreements shall be amended by deleting the definition in its entirety and replacing it with the following:
Special Servicer Trigger: With respect to any Distribution Date, a Special Servicer Trigger shall have occurred and be continuing if at any time, (x) the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more Delinquent and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans as of the last day of the related Due Period exceeds (y) the percentage set forth in Exhibit N for such Distribution Date.
3. Except as amended above, the Agreements shall continue to be in full force and effect in accordance with their terms.
IN WITNESS WHEREOF, the Depositor, the Master Servicer, the Seller and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the day and year first above written.
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BEAR XXXXXXX ASSET BACKED | ||||||||
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By: |
/s/ Xxxxx Xxxxxxxxxxx | |||||||
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Name: |
Xxxxx Xxxxxxxxxxx | |||||||
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Title: |
Vice President | |||||||
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EMC MORTGAGE CORPORATION | ||||||||
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By: |
/s/ Xxx Xxxxxxxx | |||||||
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Name: |
Xxx Xxxxxxxx | |||||||
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Title: |
Executive Vice President | |||||||
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LASALLE BANK NATIONAL | ||||||||
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By: |
/s/ Xxxxxxxxxxx Xxxxx | |||||||
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Name: |
Xxxxxxxxxxx Xxxxx | |||||||
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Title: |
Assistant Vice President | |||||||