HOME EQUITY MORTGAGE LOAN ASSET-BACKED TRUST SERIES INABS 2006-D AMENDMENT NO. 1 TO POOLING AND SERVICING AGREEMENT Dated as of November 30, 2006 HOME EQUITY MORTGAGE LOAN ASSET-BACKED TRUST SERIES INABS 2006-D Home Equity Mortgage Loan Asset-Backed...
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EQUITY MORTGAGE LOAN ASSET-BACKED TRUST
SERIES
INABS 2006-D
_____________________
AMENDMENT
NO. 1 TO POOLING AND SERVICING AGREEMENT
Dated
as
of November 30, 2006
_________________________
HOME
EQUITY MORTGAGE LOAN ASSET-BACKED TRUST SERIES INABS 2006-D
Home
Equity Mortgage Loan Asset-Backed Certificates Series INABS 2006-D
AMENDMENT
NO. 1
AMENDMENT
No. 1 (this “Amendment”), effective as of September 1, 2006 (the “Effective
Date”), among INDYMAC MBS, INC. (the “Depositor”), INDYMAC BANK, F.S.B.., (the
“Seller and the “Servicer”) and DEUTSCHE BANK NATIONAL TRUST COMPANY (the
“Trustee” and the “Supplemental Interest Trust Trustee”).
PRELIMINARY
STATEMENT
WHEREAS,
the Depositor, the Seller, the Servicer, the Trustee and the Supplemental
Interest Trust Trustee are parties to the Pooling and Servicing Agreement,
dated
as of September 1, 2006 (the “Agreement”); and
WHEREAS,
Section 10.01 of the Agreement provides that the Agreement may be amended by
the
Depositor, the Servicer and the Trustee with the consent of the NIM
Insurer;
NOW,
THEREFORE, in consideration of the foregoing and of other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
the
parties hereto agree as follows:
1. Capitalized
terms used but not defined herein shall have the meanings ascribed to such
terms
in the Agreement.
2. Amendments
The
definition of Group I Principal Distribution Amount, included in Section 1.01
of
the Agreement is replaced in its entirety by the following:
“For
any
Distribution Date, the product of: (x) the Principal Distribution Amount for
such Distribution Date and (y) a fraction, the numerator of which is the
Principal Remittance Amount for Loan Group I for that Distribution Date and
the
denominator of which is the total of the Principal Remittance Amounts for both
Loan Groups for such Distribution Date, plus, in
the
case of the Distribution Date immediately following the end of the Funding
Period, any amounts remaining in the Group I Pre-Funding Account and not used
by
the Trustee to purchase Subsequent Mortgage Loans to be included in Loan Group
I.”
The
definition of Group II Principal Distribution Amount, included in Section 1.01
of the Agreement is replaced in its entirety by the following:
“For
any
Distribution Date, the product of: (x) the Principal Distribution Amount for
such Distribution Date and (y)
a
fraction, the numerator of which is the Principal Remittance Amount for Loan
Group II for that Distribution Date and the denominator of which is the total
of
the Principal Remittance Amounts for both Loan Groups for such Distribution
Date, plus, in
the
case of the Distribution Date immediately following the end of the Funding
Period, any amounts remaining in the Group II Pre-Funding Account and not used
by the Trustee to purchase Subsequent Mortgage Loans to be included in Loan
Group II.”
3. Except
as
expressly modified or amended in this Amendment, all of the terms of the
Agreement are hereby ratified and confirmed in every respect and shall remain
unmodified and unchanged and shall continue in full force and
effect.
4. The
Depositor certifies that all conditions precedent for the execution of this
Amendment have been satisfied.
5. This
Amendment shall become effective as of the date hereof when, and only when,
the
Agent shall have received executed counterparts of this Amendment from the
parties hereto.
6. This
Amendment may be executed in counterparts, all of which, taken together, shall
constitute one and the same instrument.
IN
WITNESS WHEREOF, the parties have duly executed this Amendment No. 1 as of
the
date hereof.
INDYMAC
MBS, INC.,
as
Depositor
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By:
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Name:
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Title:
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INDYMAC
BANK, F.S.B.,
as
Seller and Servicer
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By:
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Name:
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Title:
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DEUTSCHE
BANK NATIONAL TRUST
COMPANY,
as
Trustee and Supplemental Interest Trust Trustee
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By:
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Name:
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Title:
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By:
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Name:
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Title:
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Agreed
and Acknowledged:
RADIAN
INSURANCE INC.
as
Note Insurer
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By:
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Name:
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Title:
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