TRANSFER SUPPLEMENT
EXECUTION
Supplement No.: 1 Dated: November 16, 2005
This TRANSFER SUPPLEMENT is made as of the date first above written by Aegis Mortgage Corporation (the “Seller”) and Aegis Asset Backed Securities Corporation (the “Depositor”).
W I T N E S S E T H:
WHEREAS, the parties have previously executed and delivered that certain Sale Agreement (the “Sale Agreement”) dated as of October 1, 2005, between the Seller and the Depositor;
WHEREAS, the Seller desires to sell, and the Depositor desires to purchase, the Subsequent Mortgage Loans identified on Schedule 1 attached hereto;
NOW THEREFORE, in consideration of the foregoing, the parties agree as follows:
1.
Schedule of Subsequent Mortgage Loans. Attached hereto as Schedule I is the schedule of Subsequent Mortgage Loans (the “Schedule”) conveyed to the Depositor pursuant to Section 3 of this Transfer Supplement.
2.
Definitions Relating to Subsequent Mortgage Loans. The following terms as used in the Sale Agreement shall have the following meanings with respect to the Subsequent Mortgage Loans identified on the Schedule.
Subsequent Cut-off Date: November 1, 2005.
Transfer Date: November 16, 2005.
Transfer Price: $ 44,986,398.19.
3.
Conveyance of Subsequent Mortgage Loans. The Seller does hereby sell, transfer, assign, set over and otherwise convey to the Depositor, without recourse (except to the extent specified in the Sale Agreement), all right, title and interest of the Seller, in and to each of the Subsequent Mortgage Loans identified on the Schedule and all items in the related Mortgage File.
4.
Transfer Price. The Depositor hereby pays to the Seller the Transfer Price in return for the Subsequent Mortgage Loans identified on the Schedule attached hereto.
5.
Incorporation by Reference; Ratification of Sale Agreement. As supplemented by this Transfer Supplement, the Sale Agreement is incorporated herein by reference and is in all respects ratified and confirmed and the Sale Agreement as so supplemented by this Transfer Supplement shall be read, taken and construed as one and the same instrument.
6.
Representations and Warranties. All representations and warranties of the Seller and the Depositor set forth in the Sale Agreement are true and correct as of the date hereof and as of the Transfer Date.
7.
Counterparts. This Transfer Supplement may be executed in two or more counterparts (and by different parties in separate counterparts), each of which shall be an original but all of which together shall constitute the same instrument.
8.
Governing Law. THIS TRANSFER SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
[SIGNATURE PAGE IMMEDIATELY FOLLOWS]
IN WITNESS WHEREOF, the parties hereto have caused this Transfer Supplement to be duly executed by their respective officers as of the day and year first above written.
AEGIS MORTGAGE CORPORATION, as Seller
By: /s/ Xxx Xxxxxx
Name:
Xxx Xxxxxx
Title:
President Portfolio Management
AEGIS ASSET BACKED SECURITIES CORPORATION, as Depositor
By: /s/ Xxx Xxxxxx
Name:
Xxx Xxxxxx
Title:
President
SCHEDULE I TO
TRANSFER SUPPLEMENT
