TRANSFER SUPPLEMENT
Supplement No: 1
Dated: June 1, 2002
This TRANSFER SUPPLEMENT is made as of the date first above written by MERIT Securities Corporation (the "Seller") and Structured Asset Securities Corporation (the "Purchaser").
W I T N E S S E T H:
WHEREAS, the parties have previously executed and delivered that certain Mortgage Loan Sale and Assignment Agreement (the "Mortgage Loan Sale Agreement"), dated as of April 1, 2002, among the Seller, the Purchaser, Xxxxxx Brothers Inc. and Issuer Holding Corp. ("IHC");
WHEREAS, the Seller desires to sell, and the Purchaser 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 Trust pursuant to Section 3 of this Transfer Supplement.
2.
Definitions Relating to Subsequent Mortgage Loans. The following terms as used in the Mortgage Loan Sale Agreement shall have the following meanings with respect to the Subsequent Mortgage Loans identified on the Schedule.
Subsequent Cut-off Date: June 1, 2002.
Transfer Date: June 24, 2002.
Transfer Price: $10,594,663 for 130 Subsequent Mortgage Loans.
3.
Conveyance of Subsequent Mortgage Loans. The Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser, without recourse (except to the extent specified in the Mortgage Loan 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.
Assignment of Consolidated Agreement. Concurrently with the execution and delivery of this Transfer Supplement, the Seller hereby assigns to the Purchaser all of its rights and interest under the Consolidated Agreement listed on Schedule II attached to the Mortgage Loan Sale Agreement with respect to the Subsequent Mortgage Loans, and delegates to the Purchaser all of its obligations thereunder, to the extent relating to the Subsequent Mortgage Loans.
5.
Transfer Price. The Purchaser hereby pays to the Seller the Transfer Price in return for the Subsequent Mortgage Loans identified on Schedule I attached hereto.
6.
Incorporation by Reference; Ratification of Mortgage Loan Sale Agreement. As supplemented by this Transfer Supplement, the Mortgage Loan Sale Agreement is incorporated herein by this reference and is in all respects ratified and confirmed and the Agreement as so supplemented by this Transfer Supplement shall be read, taken and construed as one and the same instrument.
7.
Representations and Warranties. All representations and warranties of the Seller, IHC and the Purchaser set forth in the Mortgage Loan Sale Agreement are true and correct as of the date hereof and as of the Transfer Date.
8.
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.
9.
Governing Law. THIS TRANSFER SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.
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.
MERIT SECURITIES CORPORATION,
as Seller
By: _________________________________________
Name:
Title:
STRUCTURED ASSET SECURITIES CORPORATION,
as Purchaser
By: _________________________________________
Name: Xxxxxxx Xxxxxxxxxx
Title: Vice President
SCHEDULE I TO
POOL | LOAN ID | BORROWER | ADDRESS | BALANCE |
SASCO 2002-9A | 50200884 | XXXXXXX D | 0 XXXXXXXX XXX XX X | $114,450.00 |
SASCO 2002-9A | 50200890 | HAO E | 000 XXXXXXXXXX XXX | $127,100.00 |
SASCO 2002-9A | 50200899 | XXXXXXX M | 00000 XXXXXXXXXX XX | $214,900.00 |
SASCO 2002-9A | 50200900 | XXXXXXX A | 21030 COUNTRY CREEK | $94,500.00 |
SASCO 2002-9A | 50600112 | XXXX R | 0000 X XXXX XXXXXX | $757,600.00 |
SASCO 2002-9A | 51102774 | XXXXXXX R | 00000 XXXXXXXXXXX XX | $79,000.00 |
SASCO 2002-9A | 51103660 | XXXXX/XXXXXX | 00 XXXX XX | $60,000.00 |
SASCO 2002-9A | 51103686 | GLAVSER XXXXXX | 0000 XXXXXX XX | $43,500.00 |
SASCO 2002-9A | 51103707 | MELHEM R | 0000 XXXXXXXX XX | $126,000.00 |
SASCO 2002-9A | 51103750 | XXXXXXX A | 0 XXXXX XX | $123,750.00 |
SASCO 2002-9A | 51103751 | XXXXXXX L | 00 XXXXXXX XX | $45,000.00 |
SASCO 2002-9A | 51104314 | HUNTER L | 0000 XXX XXXX XX | $78,000.00 |
SASCO 2002-9A | 51104320 | XXXXX XXXXXX | 00 XXXXXXXX XX | $95,900.00 |
SASCO 2002-9A | 51104321 | XXXXXXXX L | 00 X XXXXXX XXX | $61,750.00 |
SASCO 2002-9A | 51104322 | XXXXX L | 000 XXXXX XX | $37,000.00 |
SASCO 2002-9A | 51104323 | XXXX XXXXXX | 7008 CHARINGMOOR CT | $162,000.00 |
SASCO 2002-9A | 51104324 | XXXXXXXX A | 000 XXXXXXXXX XXX | $47,700.00 |
SASCO 2002-9A | 51104340 | XXXXX X | 0 XXXXXX XXXXXX XX | $318,050.00 |
SASCO 2002-9A | 51104358 | XXXXXXXX X | XX 0 XXX 000 | $57,000.00 |
SASCO 2002-9A | 51104418 | BRISPORT A | 000 XXXXXXX XX | $65,300.00 |
SASCO 2002-9A | 51300414 | XXXXXX, L | 0000 XXXXXXX XX | $132,500.00 |
SASCO 2002-9A | 51300417 | XXXXXXXX L | 00 XXXXX XXXXXX | $41,300.00 |
SASCO 2002-9A | 51300421 | XXXXXXX, G | 000 000XX XX | $31,500.00 |
SASCO 2002-9A | 55400327 | YU/LI | 0000 X 00XX XX | $80,000.00 |
SASCO 2002-9A | 58000488 | XXXX C | 00 XXXXXXX XX | $100,000.00 |
SASCO 2002-9A | 58000521 | ENGLANDER J | 0 XXXXXXX XX | $195,000.00 |
SASCO 2002-9A | 58000537 | XXXXXXX B | 0000 XXXX 000XX XX | $85,000.00 |
SASCO 2002-9A | 58600898 | XXX, K | 0000-0000 00XX XXX | $265,000.00 |
SASCO 2002-9A | 60400055 | BASHA, N | 000 00XX XX | $140,000.00 |
SASCO 2002-9A | 60902727 | XXXXXXXX | 1144&1/2 0 00XX XX | $158,400.00 |
SASCO 2002-9A | 61401164 | XXXX, G | 00000 XX XXXXXX XXX | $80,000.00 |
SASCO 2002-9A | 61401167 | XXXXXXX X X | 00000 XXXXXX XX | $75,000.00 |
SASCO 2002-9A | 61401180 | TAO, C | 0000 XXXXX XXXX XX | $75,350.00 |
SASCO 2002-9A | 61800053 | XXXXXXXX, V | 000 XXX 00XX XX | $170,000.00 |
SASCO 2002-9A | 61800064 | TERZUELI, G | 0000 00XX XX | $192,000.00 |
SASCO 2002-9A | 61800070 | XXXXXX, M | 000 XXXX 000XX XX | $142,500.00 |
SASCO 2002-9A | 61800071 | XXXXXXX XXXXXXX | 00 XXXX XX | $140,000.00 |
SASCO 2002-9A | 61800073 | RENTOULIS, I | 00 XXXXXX XXXXXX XX | $500,000.00 |
SASCO 2002-9A | 61800077 | LUPARI | 000 XXXXX XXXXXXX | $162,260.39 |
SASCO 2002-9A | 61800080 | XXXXXX, C | 000 XXXXXXXXX XXXXXX | $112,500.00 |
SASCO 2002-9A | 61800083 | XXXXXXXX G | 000 XX XXXXXXXX XX | $260,000.00 |
SASCO 2002-9A | 64500223 | XXXXXXXX, L | 000 XXXXXXX XX | $35,000.00 |
SASCO 2002-9A | 64500254 | XXXXXX E | 00 XXXX XXX | $190,000.00 |
SASCO 2002-9A | 64500256 | XXXXX/SARDIS | 000 XXXXXXXX XX | $70,000.00 |
SASCO 2002-9A | 64500267 | GIAGUINTO R | 00 XXXXXXXXX XX | $70,000.00 |
SASCO 2002-9A | 64500271 | XXXXXX THEORET | LOT 33 MAPLE VIEW | $76,450.00 |
SASCO 2002-9A | 64500274 | XXXXXXX XXXXXX | 00 XXXXXXXXX XXXXX | $311,250.00 |
SASCO 2002-9A | 66400777 | MADDEN W | 00000 XXXXXXXXXX XX | $150,000.00 |
SASCO 2002-9A | 66800023 | XXXXXXX R | 000 XXXXXX XXXXX XX | $270,000.00 |
SASCO 2002-9A | 66800024 | XXXXXXX R | 0000 XXXXXX XX | $288,000.00 |
SASCO 2002-9A | 66800031 | XXXXXXXX J | 0000 XXXXXXX XXX | $270,000.00 |
SASCO 2002-9A | 66800032 | XXXXX H | 0000 XXXXXXXX XX | $245,000.00 |
SASCO 2002-9A | 68200362 | NEWLEE R | 360 CAPITOL BUTTE | $90,000.00 |
SASCO 2002-9A | 68200384 | XXXXXX XX | 0000 X 000XX XX | $78,000.00 |
SASCO 2002-9A | 72000946 | SIN S | 000 XXXX XXXXX XXX | $63,100.00 |
SASCO 2002-9A | 72001036 | ROMAGNA J | 0000 XXXXXXX XXX | $78,700.00 |
SASCO 2002-9A | 72001037 | XXXXXX | 0000 XXXX 00 XXXXX | $74,900.00 |
SASCO 2002-9A | 72001057 | XXXXXXX | 00 XXXX XXXX XX | $61,800.00 |
SASCO 2002-9A | 72001073 | XXXXXXXX R | 0000 XXXXXX XXXXX XX | $60,000.00 |
SASCO 2002-9A | 72001084 | XXXXXXX R | 000 XXXXXXXX XX | $49,950.00 |
SASCO 2002-9A | 72001092 | XXXXX D | 0000 XXXXXXXX XX | $40,300.00 |
SASCO 2002-9A | 72001094 | XXXXXXXXXX X | 00000 XXXX XXXXXXXXX | $72,800.00 |
SASCO 2002-9A | 72001095 | XXXXXXX A | 0000 XX 00XX XXX | $100,500.00 |
SASCO 2002-9A | 72001096 | XXXXX M | 00000 XXXX XXXXX XXX | $70,000.00 |
SASCO 2002-9A | 72001105 | XXXXXXXXX F | 00000 XX 000XX | $84,000.00 |
SASCO 2002-9A | 72001108 | XXXXXXXX B | 0000 XXXXXXXXXXX XXX | $52,000.00 |
SASCO 2002-9A | 72001110 | XXXXXXX A | 00000 XX 000XX XX | $69,000.00 |
SASCO 2002-9A | 72001116 | XXXXXXXX G | 0000 XX 00XX | $76,800.00 |
SASCO 2002-9A | 72001117 | XXXXXXX A | 000 XX 000 AVE | $63,000.00 |
SASCO 2002-9A | 72001127 | CASANOVA M | 0000 XX 000XX XXXXX | $59,850.00 |
SASCO 2002-9A | 72001131 | XXXXXX R | 000 XXXXX XXX | $127,400.00 |
SASCO 2002-9A | 72001132 | ALBRTTON R | 0000 XXXXXXXXX XX | $99,000.00 |
SASCO 2002-9A | 72001134 | XXXXXXXX B | 0000 XX 00 XXXXXXX | $78,500.00 |
SASCO 2002-9A | 72001140 | WAN S-K | 0000 XX 00XX XXXXXX | $55,000.00 |
SASCO 2002-9A | 72001146 | XXXXXXX D | 00000 XX 00XX | $68,250.00 |
SASCO 2002-9A | 72200022 | XXXXX C | 1337 VIA LUMAYA | $568,000.00 |
SASCO 2002-9A | 72200046 | XXXX X | 00000 XXXXXX XXXXXX | $275,000.00 |
SASCO 2002-9A | 72200053 | XXXXXXX H | 0000 XXXXXX XX | $232,000.00 |
SASCO 2002-9A | 72700177 | XXXXXXXX NEWMARK | 000 XXXX XXXX | $118,700.00 |
SASCO 2002-9A | 72700187 | XXX S | 0000 XXXXXXXX XX | $321,000.00 |
SASCO 2002-9A | 73300039 | XXXXX T | 000 XXXX XXXXXX XX | $239,000.00 |
SASCO 2002-9A | 74800004 | XXXXXXX A | 000 XXXXXXX XX | $50,000.00 |
SASCO 2002-9A | 75000107 | XXXX X X | 0000 00XX XX | $90,000.00 |
SASCO 2002-9A | 75000110 | XXXXX R | 00000 XXXXX XX | $117,000.00 |
SASCO 2002-9A | 75000112 | XXXXXXXX G | 000 XXXXX XXXXXX XXX | $97,000.00 |
SASCO 2002-9A | 75101655 | XXXX G | 0000 XXXXXXX XX | $100,000.00 |
SASCO 2002-9A | 75101688 | XXXXXX T | 000 XXXXXX XXXX XXXX | $85,000.00 |
SASCO 2002-9A | 75200547 | XXXXXX J | 0000 XX 00 XXXXXXX | $75,000.00 |
SASCO 2002-9A | 75200552 | FISKA | 0000 XX 00 XX | $296,000.00 |
SASCO 2002-9A | 75200579 | XXXX C | 0000 XXXXXXX XXX | $130,000.00 |
SASCO 2002-9A | 75200580 | AMUNCLSON L | 0000 XX 000 XXXXXXX | $95,000.00 |
SASCO 2002-9A | 75200582 | PAREJA H | 0000 XX 000 XXX | $70,000.00 |
SASCO 2002-9A | 75200608 | COTO H | 0000 X 00XXXXX #000 | $32,300.00 |
SASCO 2002-9A | 75200623 | XXXXX G | 000 XXXXX XX | $40,900.00 |
SASCO 2002-9A | 75200627 | XXXXXXX W | 0000 XXXXXXX XX | $79,975.00 |
SASCO 2002-9A | 75200630 | XXXXXXXX L | 0000 XXXXX XXXXXX XX | $49,800.00 |
SASCO 2002-9A | 75200631 | XXXXXXX R | 0000 X XXXXXXX XXXXX | $85,000.00 |
SASCO 2002-9A | 75200632 | MELO J | 0000 XX 0 XXXXXXX | $90,000.00 |
SASCO 2002-9A | 75200635 | FELIU J | 00 XXXXXXXX XX | $91,900.00 |
SASCO 2002-9A | 75200640 | XXXXXX H | 0000 XX 000 XXXXX | $77,000.00 |
SASCO 2002-9A | 75200642 | XXXXXXXXX XXXX | 5930 SW | $77,000.00 |
SASCO 2002-9A | 75200645 | RAOLA J | 0000 XX 00XX | $45,000.00 |
SASCO 2002-9A | 75200662 | BALL-LLORERA | 00000 XX 00 XXXXXXX | $90,000.00 |
SASCO 2002-9A | 75200685 | XXXXXX M | 00000 XX 000 XXXXXXX | $121,600.00 |
SASCO 2002-9A | 75200696 | XXXXXXX G | 0000 X XXXXXXX X | $50,000.00 |
SASCO 2002-9A | 75200697 | XXXXX S | 00000 XX 00XX | $161,000.00 |
SASCO 2002-9A | 75200704 | RODRIQUZ M | 00000 XX 000 XXXX | $58,750.00 |
SASCO 2002-9A | 75200718 | XXXXXXX J | 000 000 XXX X | $76,000.00 |
SASCO 2002-9A | 75600180 | MC LEAN D | 00000 000XX XX | $105,000.00 |
SASCO 2002-9A | 76500158 | XXXXX K | 0000 XXXXX XX | $124,400.00 |
SASCO 2002-9A | 76500168 | YUN I-H | 0000 XXXXXX XXXXX XX | $115,950.00 |
SASCO 2002-9A | 76500199 | XXXXXXX J | 3732 XXXXX XXXX | $89,000.00 |
SASCO 2002-9A | 76900217 | XXXXXX XXXXXXXXXX | 00000 XXXXXX XX | $205,700.00 |
SASCO 2002-9A | 77800290 | XXXXXX KANONSKY | 00000 XXXXXXXXX XX | $90,000.00 |
SASCO 2002-9A | 78000141 | XXXXXXX XXXXX | 00000 XXXXX XXXXX | $32,500.00 |
SASCO 2002-9A | 78000161 | XXXX O | 00000 XXXX XX | $56,300.00 |
SASCO 2002-9A | 78000162 | XXXXXXXX J | 000 XXXXXXXX XX | $42,650.00 |
SASCO 2002-9A | 78000167 | XXXXXXXX J | 0000 XXXXXX XXXXX X | $136,500.00 |
SASCO 2002-9A | 78000183 | XXXXXX G | 2137 SE 5ST | $70,000.00 |
SASCO 2002-9A | 78000191 | XXXXXXX J | 0000 XXXXXX XX | $86,000.00 |
SASCO 2002-9A | 78100023 | XXXXXXXX J | 000 XX 00 XX | $122,500.00 |
SASCO 2002-9A | 78100027 | XXXXXXX J | 0000 XXXX XXX XX | $58,800.00 |
SASCO 2002-9A | 78100028 | XXXX X X | 0000 XX 000 XX | $135,000.00 |
SASCO 2002-9A | 79000002 | GIERBION V | 000 XXX 00XX XX | $152,250.00 |
SASCO 2002-9A | 79000008 | XXXXXX H | 00 XXXXX XXXX | $100,000.00 |
SASCO 2002-9A | 80500010 | XXXXXXX P | 0000 XXXXX XX | $130,000.00 |
SASCO 2002-9A | 80500016 | XXXXXXX N | 00000 XX 00XXX | $95,000.00 |
SASCO 2002-9A | 80600003 | XXXXXXX M | 0000 XXXXXX XXXXX XX | $249,000.00 |
SASCO 2002-9A | 81400002 | XXXXX E | 00 XXXX XXXXXXXXXXX | $159,000.00 |
