Exhibit 35.3
[LOGO] CHEVY CHASE(R) BANK 0000 Xxxxx Xxxxx Xxxxx
Xxxxxx, Xxxxxxxx 00000
ANNUAL CERTIFICATION
Re: The Assignment and Recognition Agreement dated as of June 29, 2007, the
Agreement among Xxxxxx Funding LLC as purchaser and Chevy Chase Bank as seller.
I, Xxxxx X. Xxxxx, the Loan Servicing Manager of Chevy Chase Bank, F.S.B.
(the "Company"), certify to the Purchaser, Xxxxxx Funding LLC, the Depositor,
Barclays Bank PLC and the Master Servicer, Securities Administrator Trustee, and
their officers, with the knowledge and intent that they will rely upon this
certification, that:
The company has reviewed the servicer compliance statement of the
Company provided in accordance with Item 1123 of Regulation AB (the
"Compliance Statement"), the report on assessment of the Company's
compliance with the servicing criteria set forth in Item 1122(d) of
Regulation AB (the "Servicing Criteria"), provided in accordance with
Rules 13a-18 and 15d-18 under Securities Exchange Act of 1934, as amended
(the "Exchange Act") and Item 1122 of Regulation AB (the "Servicing
Assessment"), the registered public accounting firm's attestation report
provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act
and Section 1122(b) of Regulation AB (the "Attestation Report"), and all
servicing reports, officer's certificates and other information relating
to the servicing of the Mortgage Loans by the Company during 2007 that
were delivered by the Company to the Depositor Xxxxxx Funding LLC,
Barclays Bank PLC Master Servicer, Securities Administrator Trustee,
pursuant to the Agreement (collectively, the "Company Servicing
Information");
Based on my knowledge, the Company Servicing Information, taken as a
whole, does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in the light
of the circumstances under which such statements were made, not misleading
with respect to the period of time covered by the Company Servicing
Information;
Based on my knowledge, all of the Company Servicing Information
required to be provided by the Company under the Agreement has been
provided to the Depositor, Barclays Bank PLC, Master Servicer, Securities
Administrator Trustee;
I am responsible for reviewing the activities performed by the
Company as servicer under the Agreement, and based on my knowledge and the
compliance review conducted in preparing the Compliance Statement and
except as disclosed in the Compliance Statement, the Servicing Assessment
or the Attestation Report,
the Company has fulfilled its obligations under the Agreement in all
material respects; and
The Compliance Statement required to be delivered by the Company pursuant to
this Agreement, and the Servicing Assessment and Attestation Report required to
be provided by the Company and by any Subservicer and Subcontractor pursuant to
the Agreement, have been provided to the Depositor, Xxxxxx Funding LLC, Master
Servicer, Any material instances of noncompliance described in such reports have
been disclosed to the Depositor, Xxxxxx Funding LLC, Master Servicer, Any
material instance of noncompliance with the Servicing Criteria has been
disclosed in such reports.
Date: 2/25/2008
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By: /s/ Xxxxx X. Xxxxx
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Name: Xxxxx X. Xxxxx
Title: Group Vice President
