MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. Depositor WELLS FARGO BANK, N.A JPMORGAN CHASE BANK, NATIONAL ASSOCIATION Servicers WELLS FARGO BANK, N.A. Master Servicer, Trust Administrator and Custodian and Trustee POOLING AND SERVICING AGREEMENT...
EXHIBIT
4.1
MORTGAGE
ASSET SECURITIZATION TRANSACTIONS, INC.
Depositor
XXXXX
FARGO BANK, N.A
JPMORGAN
CHASE BANK, NATIONAL ASSOCIATION
Servicers
XXXXX
FARGO BANK, N.A.
Master
Servicer, Trust Administrator and Custodian
and
U.S.
BANK
NATIONAL ASSOCIATION
Trustee
Dated
as
of February 1, 2006
Mortgage
Pass-Through Certificates
Series
2006-HE1
TABLE
OF
CONTENTS
ARTICLE
I DEFINITIONS
|
|
SECTION
1.01.
|
Defined
Terms.
|
SECTION
1.02.
|
Allocation
of Certain Interest Shortfalls.
|
SECTION
1.03.
|
Rights
of the NIMS Insurer.
|
ARTICLE
II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF
CERTIFICATES
|
|
SECTION
2.01.
|
Conveyance
of the Mortgage Loans.
|
SECTION
2.02.
|
Acceptance
of REMIC I by Trustee.
|
SECTION
2.03.
|
Repurchase
or Substitution of Mortgage Loans by an Originator or the
Seller.
|
SECTION
2.04.
|
Reserved.
|
SECTION
2.05.
|
Representations,
Warranties and Covenants of the Servicers and the Master
Servicer.
|
SECTION
2.06.
|
Conveyance
of REMIC Regular Interests and Acceptance of REMIC I, REMIC II,
REMIC III,
REMIC IV, REMIC V, REMIC VI and REMIC VII by the Trustee; Issuance
of
Certificates.
|
SECTION
2.07.
|
Issuance
of Class R Certificates and Class R-X Certificates.
|
ARTICLE
III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS
|
|
SECTION
3.01.
|
Servicer
to Act as Servicer.
|
SECTION
3.02.
|
Sub-Servicing
Agreements Between Servicer and Sub-Servicers.
|
SECTION
3.03.
|
Successor
Sub-Servicers.
|
SECTION
3.04.
|
Liability
of the Servicer.
|
SECTION
3.05.
|
No
Contractual Relationship Between Sub-Servicers and the Trustee,
the Trust
Administrator, the NIMS Insurer or Certificateholders.
|
SECTION
3.06.
|
Assumption
or Termination of Sub-Servicing Agreements by Master
Servicer.
|
SECTION
3.07.
|
Collection
of Certain Mortgage Loan Payments.
|
SECTION
3.08.
|
Sub-Servicing
Accounts.
|
SECTION
3.09.
|
Collection
of Taxes, Assessments and Similar Items; Servicing
Accounts.
|
SECTION
3.10.
|
Collection
Account.
|
SECTION
3.11.
|
Withdrawals
from the Collection Account.
|
SECTION
3.12.
|
Investment
of Funds in the Collection Account.
|
SECTION
3.13.
|
[Reserved].
|
SECTION
3.14.
|
Maintenance
of Hazard Insurance and Errors and Omissions and Fidelity
Coverage.
|
SECTION
3.15.
|
Enforcement
of Due-On-Sale Clauses; Assumption Agreements.
|
SECTION
3.16.
|
Realization
Upon Defaulted Mortgage Loans.
|
SECTION
3.17.
|
Trustee
to Cooperate; Release of Mortgage Files.
|
SECTION
3.18.
|
Servicing
Compensation.
|
SECTION
3.19.
|
Reports;
Collection Account Statements.
|
SECTION
3.20.
|
Statement
as to Compliance.
|
SECTION
3.21.
|
Assessments
of Compliance and Attestation Reports.
|
SECTION
3.22.
|
Access
to Certain Documentation.
|
SECTION
3.23.
|
Title,
Management and Disposition of REO Property.
|
SECTION
3.24.
|
Obligations
of the Servicer in Respect of Prepayment Interest
Shortfalls.
|
SECTION
3.25.
|
Obligations
of the Servicer in Respect of Monthly Payments.
|
SECTION
3.26.
|
Advance
Facility
|
SECTION
3.27.
|
Late
Remittance.
|
ARTICLE
IIIA ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS
|
|
SECTION
3A.01.
|
Master
Servicer to Act as Master Servicer
|
SECTION
3A.02.
|
[Reserved].
|
SECTION
3A.03.
|
Monitoring
of Servicer.
|
SECTION
3A.04.
|
Fidelity
Bond.
|
SECTION
3A.05.
|
Power
to Act; Procedures.
|
SECTION
3A.06.
|
Due
on Sale Clauses; Assumption Agreements.
|
SECTION
3A.07.
|
[Reserved].
|
SECTION
3A.08.
|
Documents,
Records and Funds in Possession of Master Servicer to be Held for
Trustee.
|
SECTION
3A.09.
|
Compensation
for the Master Servicer.
|
SECTION
3A.10.
|
Obligations
of the Master Servicer in Respect of Prepayment Interest
Shortfalls.
|
SECTION
3A.11.
|
Distribution
Account.
|
SECTION
3A.12.
|
Permitted
Withdrawals and Transfers from the Distribution
Account.
|
ARTICLE
IV PAYMENTS TO CERTIFICATEHOLDERS
|
|
SECTION
4.01.
|
Distributions.
|
SECTION
4.02.
|
Statements
to Certificateholders.
|
SECTION
4.03.
|
Remittance
Reports, Advances.
|
SECTION
4.04.
|
Allocation
of Realized Losses.
|
SECTION
4.05.
|
Compliance
with Withholding Requirements.
|
SECTION
4.06.
|
Exchange
Commission Filings; Additional Information.
|
SECTION
4.07.
|
Net
WAC Rate Carryover Reserve Account.
|
SECTION
4.08.
|
Swap
Account.
|
SECTION
4.09.
|
Tax
Treatment of Swap Payments and Swap Termination
Payments.
|
SECTION
4.10.
|
Cap
Account.
|
ARTICLE
V THE CERTIFICATES
|
|
SECTION
5.01.
|
The
Certificates.
|
SECTION
5.02.
|
Registration
of Transfer and Exchange of Certificates.
|
SECTION
5.03.
|
Mutilated,
Destroyed, Lost or Stolen Certificates.
|
SECTION
5.04.
|
Persons
Deemed Owners.
|
SECTION
5.05.
|
Certain
Available Information.
|
ARTICLE
VI THE DEPOSITOR AND THE MASTER SERVICER
|
|
SECTION
6.01.
|
Liability
of the Depositor, the Servicers and the Master
Servicer.
|
SECTION
6.02.
|
Merger
or Consolidation of the Depositor or the Master
Servicer.
|
SECTION
6.03.
|
Limitation
on Liability of the Depositor, the Servicers, the Master Servicer
and
Others.
|
SECTION
6.04.
|
Limitation
on Resignation of the Servicers; Assignment of Master
Servicing.
|
SECTION
6.05.
|
Successor
Master Servicer.
|
SECTION
6.06.
|
Rights
of the Depositor in Respect of the Servicers.
|
SECTION
6.07.
|
Duties
of the Credit Risk Manager.
|
SECTION
6.08.
|
Limitation
Upon Liability of the Credit Risk Manager.
|
SECTION
6.09.
|
Removal
of the Credit Risk Manager.
|
ARTICLE
VII DEFAULT
|
|
SECTION
7.01.
|
Servicer
Events of Default and Master Servicer Events of
Termination.
|
SECTION
7.02.
|
Master
Servicer or Trustee to Act; Appointment of Successor
Servicer.
|
SECTION
7.03.
|
Trustee
to Act; Appointment of Successor Master Servicer.
|
SECTION
7.04.
|
Notification
to Certificateholders.
|
SECTION
7.05.
|
Waiver
of Servicer Events of Default and Master Servicer Events of
Termination.
|
SECTION
7.06.
|
Survivability
of Servicer and Master Servicer Liabilities.
|
ARTICLE
VIII CONCERNING THE TRUSTEE AND THE TRUST ADMINISTRATOR
|
|
SECTION
8.01.
|
Duties
of Trustee and Trust Administrator.
|
SECTION
8.02.
|
Certain
Matters Affecting the Trustee and the Trust
Administrator
|
SECTION
8.03.
|
Neither
Trustee nor Trust Administrator Liable for Certificates or Mortgage
Loans.
|
SECTION
8.04.
|
Trustee
and Trust Administrator May Own Certificates.
|
SECTION
8.05.
|
Trust
Administrator’s and Trustee’s Fees and Expenses.
|
SECTION
8.06.
|
Eligibility
Requirements for Trustee and Trust Administrator.
|
SECTION
8.07.
|
Resignation
and Removal of the Trustee or Trust Administrator.
|
SECTION
8.08.
|
Successor
Trustee or Trust Administrator.
|
SECTION
8.09.
|
Merger
or Consolidation of Trustee or Trust Administrator.
|
SECTION
8.10.
|
Appointment
of Co-Trustee or Separate Trustee.
|
SECTION
8.11.
|
Appointment
of Office or Agency; Appointment of Custodian.
|
SECTION
8.12.
|
Representations
and Warranties.
|
ARTICLE
IX TERMINATION
|
|
SECTION
9.01.
|
Termination
Upon Repurchase or Liquidation of All Mortgage Loans.
|
SECTION
9.02.
|
Additional
Termination Requirements.
|
ARTICLE
X REMIC PROVISIONS
|
|
SECTION
10.01.
|
REMIC
Administration.
|
SECTION
10.02.
|
Prohibited
Transactions and Activities.
|
SECTION
10.03.
|
Servicers,
Master Servicer and Trustee Indemnification.
|
ARTICLE
XI MISCELLANEOUS PROVISIONS
|
|
SECTION
11.01.
|
Amendment.
|
SECTION
11.02.
|
Recordation
of Agreement; Counterparts.
|
SECTION
11.03.
|
Limitation
on Rights of Certificateholders.
|
SECTION
11.04.
|
Governing
Law.
|
SECTION
11.05.
|
Notices.
|
SECTION
11.06.
|
Severability
of Provisions.
|
SECTION
11.07.
|
Notice
to Rating Agencies and the NIMS Insurer.
|
SECTION
11.08.
|
Article
and Section References.
|
SECTION
11.09.
|
Grant
of Security Interest.
|
SECTION
11.10.
|
Third
Party Rights.
|
SECTION
11.11.
|
Intention
of the Parties and
Interpretation.
|
Exhibits
Exhibit
A-1
|
Form
of Class A-1 Certificate
|
Exhibit
A-2
|
Form
of Class A-2 Certificate
|
Exhibit
A-3
|
Form
of Class A-3 Certificate
|
Exhibit
A-4
|
Form
of Class A-4 Certificate
|
Exhibit
A-5
|
Form
of Class M-1 Certificate
|
Exhibit
A-6
|
Form
of Class M-2 Certificate
|
Exhibit
A-7
|
Form
of Class M-3 Certificate
|
Exhibit
A-8
|
Form
of Class M-4 Certificate
|
Exhibit
A-9
|
Form
of Class M-5 Certificate
|
Exhibit
A-10
|
Form
of Class M-6 Certificate
|
Exhibit
A-11
|
Form
of Class M-7 Certificate
|
Exhibit
A-12
|
Form
of Class M-8 Certificate
|
Exhibit
A-13
|
Form
of Class M-9 Certificate
|
Exhibit
A-14
|
Form
of Class M-10 Certificate
|
Exhibit
A-15
|
Form
of Class M-11 Certificate
|
Exhibit
A-16
|
Form
of Class CE Certificate
|
Exhibit
A-17
|
Form
of Class P Certificate
|
Exhibit
A-18
|
Form
of Class R Certificate
|
Exhibit
A-19
|
Form
of Class R-X Certificate
|
Exhibit
B
|
[Reserved]
|
Exhibit
C-1
|
Form
of Trustee’s Initial Certification
|
Exhibit
C-2
|
Form
of Trustee’s Final Certification
|
Exhibit
C-3
|
Form
of Trustee’s Receipt of Mortgage Notes
|
Exhibit
D
|
Forms
of Assignment Agreements
|
Exhibit
E
|
Request
for Release
|
Exhibit
F-1
|
Form
of Transferor Representation Letter and Form of Transferee Representation
Letter
in Connection with Transfer of the Private Certificates Pursuant
to Rule
144A Under the 1933 Act
|
Exhibit
F-2
|
Form
of Transfer Affidavit and Agreement and Form of Transferor Affidavit
in
Connection with Transfer of Residual Certificates
|
Exhibit
G
|
Form
of Certification with respect to ERISA and the Code
|
Exhibit
H
|
Form
of Report Pursuant to Section 4.06
|
Exhibit
I
|
Form
of Lost Note Affidavit
|
Exhibit
J-1
|
Form
of Certification to Be Provided by the Master Servicer with Form
10-K
|
Exhibit
J-2
|
Form
of Certification to Be Provided by the Servicer to the Master
Servicer
|
Exhibit
K
|
Form
of Cap Contract
|
Exhibit
L
|
Annual
Statement of Compliance pursuant to Section 3.20
|
Exhibit
M
|
Forms
of Interest Rate Swap Agreements
|
Exhibit
N
|
Form
of Swap Administration Agreement
|
Exhibit
O
|
Servicing
Criteria to Be Addressed in Assessment of Compliance
|
Exhibit
P
|
Form
10-D, Form 8-K and Form 10-K Reporting Responsibility
|
Exhibit
Q
|
Additional
Disclosure Notification
|
Exhibit
R-1
|
Form
of Delinquency Report
|
Exhibit
R-2
|
Form
of Monthly Remittance Advice (Xxxxx Fargo)
|
Exhibit
R-3
|
Form
of Realized Loss Report
|
Exhibit
S
|
Form
of Remittance Report (JPMorgan)
|
Schedule
1
|
Mortgage
Loan Schedule
|
Schedule
2
|
Prepayment
Charge Schedule
|
This
Pooling and Servicing Agreement, is dated and effective as of February 1, 2006
among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. as Depositor, XXXXX
FARGO
BANK, N.A. and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Servicers, XXXXX
FARGO BANK, N.A. as Master Servicer, Trust Administrator and Custodian and
U.S.
BANK NATIONAL ASSOCIATION as Trustee.
PRELIMINARY
STATEMENT:
The
Depositor intends to sell pass-through certificates to be issued hereunder
in
multiple classes, which in the aggregate will evidence the entire beneficial
ownership interest in each REMIC (as defined herein) created hereunder. The
Trust Fund will consist of a segregated pool of assets comprised of the Mortgage
Loans and certain other related assets subject to this Agreement.
REMIC
I
As
provided herein, the Trustee will elect to treat the segregated pool of assets
consisting of the Mortgage Loans and certain other related assets (other than
the Net WAC Rate Carryover Reserve Account, the Swap Account, the Supplemental
Interest Trust, the Interest Rate Swap Agreements, the Cap Account, the Cap
Contract, any Originator Prepayment Charge Payment Amounts and any Servicer
Prepayment Charge Payment Amounts) subject to this Agreement as a REMIC for
federal income tax purposes, and such segregated pool of assets will be
designated as “REMIC I.” The Class R-I Interest will be the sole class of
“residual interests” in REMIC I for purposes of the REMIC Provisions (as defined
herein). The following table irrevocably sets forth the designation, the REMIC
I
Remittance Rate, the initial Uncertificated Balance and, for purposes of
satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible
maturity date” for each of the REMIC I Regular Interests (as defined herein).
None of the REMIC I Regular Interests will be certificated.
Designation
|
REMIC
I
Remittance
Rate
|
Initial
Uncertificated
Balance
|
Latest
Possible
Maturity
Date(1)
|
|||||
I
|
Variable(2)
|
$
|
151.00
|
December
25, 2035
|
||||
I-1-A
|
Variable(2)
|
$
|
3,445,000.00
|
December
25, 2035
|
||||
I-1-B
|
Variable(2)
|
$
|
3,445,000.00
|
December
25, 2035
|
||||
I-2-A
|
Variable(2)
|
$
|
4,309,500.00
|
December
25, 2035
|
||||
I-2-B
|
Variable(2)
|
$
|
4,309,500.00
|
December
25, 2035
|
||||
I-3-A
|
Variable(2)
|
$
|
5,178,500.00
|
December
25, 2035
|
||||
I-3-B
|
Variable(2)
|
$
|
5,178,500.00
|
December
25, 2035
|
||||
I-4-A
|
Variable(2)
|
$
|
6,026,000.00
|
December
25, 2035
|
||||
I-4-B
|
Variable(2)
|
$
|
6,026,000.00
|
December
25, 2035
|
||||
I-5-A
|
Variable(2)
|
$
|
6,861,500.00
|
December
25, 2035
|
||||
I-5-B
|
Variable(2)
|
$
|
6,861,500.00
|
December
25, 2035
|
||||
I-6-A
|
Variable(2)
|
$
|
7,660,000.00
|
December
25, 2035
|
||||
I-6-B
|
Variable(2)
|
$
|
7,660,000.00
|
December
25, 2035
|
||||
I-7-A
|
Variable(2)
|
$
|
8,430,500.00
|
December
25, 2035
|
||||
I-7-B
|
Variable(2)
|
$
|
8,430,500.00
|
December
25, 2035
|
||||
I-8-A
|
Variable(2)
|
$
|
9,159,000.00
|
December
25, 2035
|
||||
I-8-B
|
Variable(2)
|
$
|
9,159,000.00
|
December
25, 2035
|
||||
I-9-A
|
Variable(2)
|
$
|
9,912,500.00
|
December
25, 2035
|
||||
I-9-B
|
Variable(2)
|
$
|
9,912,500.00
|
December
25, 2035
|
||||
I-10-A
|
Variable(2)
|
$
|
9,443,000.00
|
December
25, 2035
|
||||
I-10-B
|
Variable(2)
|
$
|
9,443,000.00
|
December
25, 2035
|
||||
I-11-A
|
Variable(2)
|
$
|
8,995,000.00
|
December
25, 2035
|
||||
I-11-B
|
Variable(2)
|
$
|
8,995,000.00
|
December
25, 2035
|
||||
I-12-A
|
Variable(2)
|
$
|
8,569,000.00
|
December
25, 2035
|
||||
I-12-B
|
Variable(2)
|
$
|
8,569,000.00
|
December
25, 2035
|
||||
I-13-A
|
Variable(2)
|
$
|
8,163,000.00
|
December
25, 2035
|
||||
I-13-B
|
Variable(2)
|
$
|
8,163,000.00
|
December
25, 2035
|
||||
I-14-A
|
Variable(2)
|
$
|
7,776,000.00
|
December
25, 2035
|
||||
I-14-B
|
Variable(2)
|
$
|
7,776,000.00
|
December
25, 2035
|
||||
I-15-A
|
Variable(2)
|
$
|
7,405,000.00
|
December
25, 2035
|
||||
I-15-B
|
Variable(2)
|
$
|
7,405,000.00
|
December
25, 2035
|
||||
I-16-A
|
Variable(2)
|
$
|
7,054,500.00
|
December
25, 2035
|
||||
I-16-B
|
Variable(2)
|
$
|
7,054,500.00
|
December
25, 2035
|
||||
I-17-A
|
Variable(2)
|
$
|
6,696,500.00
|
December
25, 2035
|
||||
I-17-B
|
Variable(2)
|
$
|
6,696,500.00
|
December
25, 2035
|
||||
I-18-A
|
Variable(2)
|
$
|
6,310,000.00
|
December
25, 2035
|
||||
I-18-B
|
Variable(2)
|
$
|
6,310,000.00
|
December
25, 2035
|
||||
I-19-A
|
Variable(2)
|
$
|
5,555,500.00
|
December
25, 2035
|
||||
I-19-B
|
Variable(2)
|
$
|
5,555,500.00
|
December
25, 2035
|
||||
I-20-A
|
Variable(2)
|
$
|
12,042,000.00
|
December
25, 2035
|
||||
I-20-B
|
Variable(2)
|
$
|
12,042,000.00
|
December
25, 2035
|
||||
I-21-A
|
Variable(2)
|
$
|
10,783,000.00
|
December
25, 2035
|
||||
I-21-B
|
Variable(2)
|
$
|
10,783,000.00
|
December
25, 2035
|
||||
I-22-A
|
Variable(2)
|
$
|
9,654,000.00
|
December
25, 2035
|
||||
I-22-B
|
Variable(2)
|
$
|
9,654,000.00
|
December
25, 2035
|
||||
I-23-A
|
Variable(2)
|
$
|
8,685,000.00
|
December
25, 2035
|
||||
I-23-B
|
Variable(2)
|
$
|
8,685,000.00
|
December
25, 2035
|
||||
I-24-A
|
Variable(2)
|
$
|
7,997,000.00
|
December
25, 2035
|
||||
I-24-B
|
Variable(2)
|
$
|
7,997,000.00
|
December
25, 2035
|
||||
I-25-A
|
Variable(2)
|
$
|
4,130,000.00
|
December
25, 2035
|
||||
I-25-B
|
Variable(2)
|
$
|
4,130,000.00
|
December
25, 2035
|
||||
I-26-A
|
Variable(2)
|
$
|
3,897,000.00
|
December
25, 2035
|
||||
I-26-B
|
Variable(2)
|
$
|
3,897,000.00
|
December
25, 2035
|
||||
I-27-A
|
Variable(2)
|
$
|
3,677,500.00
|
December
25, 2035
|
||||
I-27-B
|
Variable(2)
|
$
|
3,677,500.00
|
December
25, 2035
|
||||
I-28-A
|
Variable(2)
|
$
|
3,463,500.00
|
December
25, 2035
|
||||
I-28-B
|
Variable(2)
|
$
|
3,463,500.00
|
December
25, 2035
|
||||
I-29-A
|
Variable(2)
|
$
|
3,269,000.00
|
December
25, 2035
|
||||
I-29-B
|
Variable(2)
|
$
|
3,269,000.00
|
December
25, 2035
|
||||
I-30-A
|
Variable(2)
|
$
|
3,086,500.00
|
December
25, 2035
|
||||
I-30-B
|
Variable(2)
|
$
|
3,086,500.00
|
December
25, 2035
|
||||
I-31-A
|
Variable(2)
|
$
|
2,914,500.00
|
December
25, 2035
|
||||
I-31-B
|
Variable(2)
|
$
|
2,914,500.00
|
December
25, 2035
|
||||
I-32-A
|
Variable(2)
|
$
|
2,751,000.00
|
December
25, 2035
|
||||
I-32-B
|
Variable(2)
|
$
|
2,751,000.00
|
December
25, 2035
|
||||
I-33-A
|
Variable(2)
|
$
|
28,917,500.00
|
December
25, 2035
|
||||
I-33-B
|
Variable(2)
|
$
|
28,917,500.00
|
December
25, 2035
|
||||
I-34-A
|
Variable(2)
|
$
|
755,500.00
|
December
25, 2035
|
||||
I-34-B
|
Variable(2)
|
$
|
755,500.00
|
December
25, 2035
|
||||
I-35-A
|
Variable(2)
|
$
|
696,000.00
|
December
25, 2035
|
||||
I-35-B
|
Variable(2)
|
$
|
696,000.00
|
December
25, 2035
|
||||
I-36-A
|
Variable(2)
|
$
|
670,000.00
|
December
25, 2035
|
||||
I-36-B
|
Variable(2)
|
$
|
670,000.00
|
December
25, 2035
|
||||
I-37-A
|
Variable(2)
|
$
|
645,500.00
|
December
25, 2035
|
||||
I-37-B
|
Variable(2)
|
$
|
645,500.00
|
December
25, 2035
|
||||
I-38-A
|
Variable(2)
|
$
|
622,000.00
|
December
25, 2035
|
||||
I-38-B
|
Variable(2)
|
$
|
622,000.00
|
December
25, 2035
|
||||
I-39-A
|
Variable(2)
|
$
|
599,500.00
|
December
25, 2035
|
||||
I-39-B
|
Variable(2)
|
$
|
599,500.00
|
December
25, 2035
|
||||
I-40-A
|
Variable(2)
|
$
|
577,000.00
|
December
25, 2035
|
||||
I-40-B
|
Variable(2)
|
$
|
577,000.00
|
December
25, 2035
|
||||
I-41-A
|
Variable(2)
|
$
|
556,000.00
|
December
25, 2035
|
||||
I-41-B
|
Variable(2)
|
$
|
556,000.00
|
December
25, 2035
|
||||
I-42-A
|
Variable(2)
|
$
|
536,000.00
|
December
25, 2035
|
||||
I-42-B
|
Variable(2)
|
$
|
536,000.00
|
December
25, 2035
|
||||
I-43-A
|
Variable(2)
|
$
|
14,243,000.00
|
December
25, 2035
|
||||
I-43-B
|
Variable(2)
|
$
|
14,243,000.00
|
December
25, 2035
|
||||
II-1-A
|
Variable(2)
|
$
|
1,587,000.00
|
December
25, 2035
|
||||
II-1-B
|
Variable(2)
|
$
|
1,587,000.00
|
December
25, 2035
|
||||
II-2-A
|
Variable(2)
|
$
|
1,811,500.00
|
December
25, 2035
|
||||
II-2-B
|
Variable(2)
|
$
|
1,811,500.00
|
December
25, 2035
|
||||
II-3-A
|
Variable(2)
|
$
|
2,018,000.00
|
December
25, 2035
|
||||
II-3-B
|
Variable(2)
|
$
|
2,018,000.00
|
December
25, 2035
|
||||
II-4-A
|
Variable(2)
|
$
|
2,225,000.00
|
December
25, 2035
|
||||
II-4-B
|
Variable(2)
|
$
|
2,225,000.00
|
December
25, 2035
|
||||
II-5-A
|
Variable(2)
|
$
|
2,407,000.00
|
December
25, 2035
|
||||
II-5-B
|
Variable(2)
|
$
|
2,407,000.00
|
December
25, 2035
|
||||
II-6-A
|
Variable(2)
|
$
|
2,581,000.00
|
December
25, 2035
|
||||
II-6-B
|
Variable(2)
|
$
|
2,581,000.00
|
December
25, 2035
|
||||
II-7-A
|
Variable(2)
|
$
|
2,701,500.00
|
December
25, 2035
|
||||
II-7-B
|
Variable(2)
|
$
|
2,701,500.00
|
December
25, 2035
|
||||
II-8-A
|
Variable(2)
|
$
|
2,672,000.00
|
December
25, 2035
|
||||
II-8-B
|
Variable(2)
|
$
|
2,672,000.00
|
December
25, 2035
|
||||
II-9-A
|
Variable(2)
|
$
|
2,262,000.00
|
December
25, 2035
|
||||
II-9-B
|
Variable(2)
|
$
|
2,262,000.00
|
December
25, 2035
|
||||
II-10-A
|
Variable(2)
|
$
|
2,158,500.00
|
December
25, 2035
|
||||
II-10-B
|
Variable(2)
|
$
|
2,158,500.00
|
December
25, 2035
|
||||
II-11-A
|
Variable(2)
|
$
|
2,059,000.00
|
December
25, 2035
|
||||
II-11-B
|
Variable(2)
|
$
|
2,059,000.00
|
December
25, 2035
|
||||
II-12-A
|
Variable(2)
|
$
|
1,966,500.00
|
December
25, 2035
|
||||
II-12-B
|
Variable(2)
|
$
|
1,966,500.00
|
December
25, 2035
|
||||
II-13-A
|
Variable(2)
|
$
|
1,881,000.00
|
December
25, 2035
|
||||
II-13-B
|
Variable(2)
|
$
|
1,881,000.00
|
December
25, 2035
|
||||
II-14-A
|
Variable(2)
|
$
|
1,794,500.00
|
December
25, 2035
|
||||
II-14-B
|
Variable(2)
|
$
|
1,794,500.00
|
December
25, 2035
|
||||
II-15-A
|
Variable(2)
|
$
|
1,713,500.00
|
December
25, 2035
|
||||
II-15-B
|
Variable(2)
|
$
|
1,713,500.00
|
December
25, 2035
|
||||
II-16-A
|
Variable(2)
|
$
|
1,649,000.00
|
December
25, 2035
|
||||
II-16-B
|
Variable(2)
|
$
|
1,649,000.00
|
December
25, 2035
|
||||
II-17-A
|
Variable(2)
|
$
|
1,753,000.00
|
December
25, 2035
|
||||
II-17-B
|
Variable(2)
|
$
|
1,753,000.00
|
December
25, 2035
|
||||
II-18-A
|
Variable(2)
|
$
|
2,523,000.00
|
December
25, 2035
|
||||
II-18-B
|
Variable(2)
|
$
|
2,523,000.00
|
December
25, 2035
|
||||
II-19-A
|
Variable(2)
|
$
|
4,403,000.00
|
December
25, 2035
|
||||
II-19-B
|
Variable(2)
|
$
|
4,403,000.00
|
December
25, 2035
|
||||
II-20-A
|
Variable(2)
|
$
|
2,133,000.00
|
December
25, 2035
|
||||
II-20-B
|
Variable(2)
|
$
|
2,133,000.00
|
December
25, 2035
|
||||
II-21-A
|
Variable(2)
|
$
|
1,919,500.00
|
December
25, 2035
|
||||
II-21-B
|
Variable(2)
|
$
|
1,919,500.00
|
December
25, 2035
|
||||
II-22-A
|
Variable(2)
|
$
|
1,655,000.00
|
December
25, 2035
|
||||
II-22-B
|
Variable(2)
|
$
|
1,655,000.00
|
December
25, 2035
|
||||
II-23-A
|
Variable(2)
|
$
|
1,104,500.00
|
December
25, 2035
|
||||
II-23-B
|
Variable(2)
|
$
|
1,104,500.00
|
December
25, 2035
|
||||
II-24-A
|
Variable(2)
|
$
|
77,000.00
|
December
25, 2035
|
||||
II-24-B
|
Variable(2)
|
$
|
77,000.00
|
December
25, 2035
|
||||
II-25-A
|
Variable(2)
|
$
|
954,000.00
|
December
25, 2035
|
||||
II-25-B
|
Variable(2)
|
$
|
954,000.00
|
December
25, 2035
|
||||
II-26-A
|
Variable(2)
|
$
|
900,500.00
|
December
25, 2035
|
||||
II-26-B
|
Variable(2)
|
$
|
900,500.00
|
December
25, 2035
|
||||
II-27-A
|
Variable(2)
|
$
|
851,500.00
|
December
25, 2035
|
||||
II-27-B
|
Variable(2)
|
$
|
851,500.00
|
December
25, 2035
|
||||
II-28-A
|
Variable(2)
|
$
|
811,500.00
|
December
25, 2035
|
||||
II-28-B
|
Variable(2)
|
$
|
811,500.00
|
December
25, 2035
|
||||
II-29-A
|
Variable(2)
|
$
|
768,500.00
|
December
25, 2035
|
||||
II-29-B
|
Variable(2)
|
$
|
768,500.00
|
December
25, 2035
|
||||
II-30-A
|
Variable(2)
|
$
|
728,000.00
|
December
25, 2035
|
||||
II-30-B
|
Variable(2)
|
$
|
728,000.00
|
December
25, 2035
|
||||
II-31-A
|
Variable(2)
|
$
|
13,929,000.00
|
December
25, 2035
|
||||
II-31-B
|
Variable(2)
|
$
|
13,929,000.00
|
December
25, 0000
|
||||
X-XXX
|
Variable(2)
|
$
|
100.00
|
December
25, 2035
|
________________
(1)
|
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
the
Distribution Date immediately following the maturity date for the
Mortgage
Loan with the latest maturity date has been designated as the “latest
possible maturity date” for each REMIC I Regular
Interest.
|
(2)
|
Calculated
in accordance with the definition of “REMIC I Remittance Rate”
herein.
|
REMIC
II
As
provided herein, the Trustee will elect to treat the segregated pool of assets
consisting of the REMIC I Regular Interests as a REMIC for federal income tax
purposes, and such segregated pool of assets will be designated as “REMIC II.”
The Class R-II Interest will evidence the sole class of “residual interests” in
REMIC II for purposes of the REMIC Provisions under federal income tax law.
The
following table irrevocably sets forth the designation, the REMIC II Remittance
Rate, the initial Uncertificated Balance and, for purposes of satisfying
Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
date” for each of the REMIC II Regular Interests (as defined herein). None of
the REMIC II Regular Interests will be certificated.
Designation
|
REMIC
II
Remittance
Rate
|
Initial
Uncertificated
Balance
|
Latest
Possible
Maturity
Date(1)
|
|||||||
II-LTAA
|
Variable(2)
|
|
$
|
647,027,507.98
|
December
25, 2035
|
|||||
II-LTA1
|
Variable(2)
|
|
$
|
2,911,090.00
|
December
25, 2035
|
|||||
II-LTA2
|
Variable(2)
|
|
$
|
773,910.00
|
December
25, 2035
|
|||||
II-LTA3
|
Variable(2)
|
|
$
|
995,330.00
|
December
25, 2035
|
|||||
II-LTA4
|
Variable(2)
|
|
$
|
370,440.00
|
December
25, 2035
|
|||||
II-LTM1
|
Variable(2)
|
|
$
|
254,180.00
|
December
25, 2035
|
|||||
II-LTM2
|
Variable(2)
|
|
$
|
231,080.00
|
December
25, 2035
|
|||||
II-LTM3
|
Variable(2)
|
|
$
|
145,250.00
|
December
25, 2035
|
|||||
II-LTM4
|
Variable(2)
|
|
$
|
122,140.00
|
December
25, 2035
|
|||||
II-LTM5
|
Variable(2)
|
|
$
|
115,540.00
|
December
25, 2035
|
|||||
II-LTM6
|
Variable(2)
|
|
$
|
105,630.00
|
December
25, 2035
|
|||||
II-LTM7
|
Variable(2)
|
|
$
|
99,030.00
|
December
25, 2035
|
|||||
II-LTM8
|
Variable(2)
|
|
$
|
89,130.00
|
December
25, 2035
|
|||||
II-LTM9
|
Variable(2)
|
|
$
|
72,620.00
|
December
25, 2035
|
|||||
II-LTM10
|
Variable(2)
|
|
$
|
69,320.00
|
December
25, 2035
|
|||||
II-LTM11
|
Variable(2)
|
|
$
|
66,020.00
|
December
25, 2035
|
|||||
II-LTZZ
|
Variable(2)
|
|
$
|
6,783,933.02
|
December
25, 2035
|
|||||
II-LTP
|
Variable(2)
|
|
$
|
100.00
|
December
25, 2035
|
|||||
II-LTIO-1
|
Variable(2)
|
|
N/A(3)
|
|
December
25, 2035
|
|||||
II-LTIO-2
|
Variable(2)
|
|
N/A(4)
|
|
December
25, 2035
|
________________
(1)
|
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations,
the
Distribution Date immediately following the maturity date for the
Mortgage
Loan with the latest maturity date has been designated as the “latest
possible maturity date” for each REMIC II Regular
Interest.
|
(2)
|
Calculated
in accordance with the definition of “REMIC II Remittance Rate”
herein.
|
(3)
|
REMIC
II Regular Interest II-LTIO-1 will not have an Uncertificated Balance,
but
will accrue interest on its Uncertificated Notional Amount.
|
(4)
|
REMIC
II Regular Interest II-LTIO-2 will not have an Uncertificated Balance,
but
will accrue interest on its Uncertificated Notional Amount.
|
REMIC
III
As
provided herein, the Trustee will elect to treat the segregated pool of assets
consisting of the REMIC II Regular Interests as a REMIC for federal income
tax
purposes, and such segregated pool of assets will be designated as “REMIC III.”
The Class R-III Interest will evidence the sole class of “residual interests” in
REMIC III for purposes of the REMIC Provisions under federal income tax law.
The
following table irrevocably sets forth the designation, the Pass-Through Rate,
the initial aggregate Certificate Principal Balance and, for purposes of
satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the “latest possible
maturity date” for the indicated Classes of Certificates.
Each
Certificate, other than the Class P Certificate, the Class CE Certificate and
the Class R Certificates, represents ownership of a Regular Interest in REMIC
III and also represents (i) the right to receive payments with respect to the
Net WAC Rate Carryover Amount (as defined herein) and (ii) the obligation to
pay
Class IO Distribution Amounts (as defined herein). The entitlement to principal
of the Regular Interest which corresponds to each Certificate shall be equal
in
amount and timing to the entitlement to principal of such
Certificate.
Designation
|
Pass-Through
Rate
|
Initial
Aggregate
Certificate
Principal Balance
|
Latest
Possible
Maturity
Date(1)
|
|||||||
Class
A-1
|
Variable(2)
|
|
$
|
291,109,000.00
|
December
25, 2035
|
|||||
Class
A-2
|
Variable(2)
|
|
$
|
77,391,000.00
|
December
25, 2035
|
|||||
Class
A-3
|
Variable(2)
|
|
$
|
99,533,000.00
|
December
25, 2035
|
|||||
Class
A-4
|
Variable(2)
|
|
$
|
37,044,000.00
|
December
25, 2035
|
|||||
Class
M-1
|
Variable(2)
|
|
$
|
25,418,000.00
|
December
25, 2035
|
|||||
Class
M-2
|
Variable(2)
|
|
$
|
23,108,000.00
|
December
25, 2035
|
|||||
Class
M-3
|
Variable(2)
|
|
$
|
14,525,000.00
|
December
25, 2035
|
|||||
Class
M-4
|
Variable(2)
|
|
$
|
12,214,000.00
|
December
25, 2035
|
|||||
Class
M-5
|
Variable(2)
|
|
$
|
11,554,000.00
|
December
25, 2035
|
|||||
Class
M-6
|
Variable(2)
|
|
$
|
10,563,000.00
|
December
25, 2035
|
|||||
Class
M-7
|
Variable(2)
|
|
$
|
9,903,000.00
|
December
25, 2035
|
|||||
Class
M-8
|
Variable(2)
|
|
$
|
8,913,000.00
|
December
25, 2035
|
|||||
Class
M-9
|
Variable(2)
|
|
$
|
7,262,000.00
|
December
25, 2035
|
|||||
Class
M-10
|
Variable(2)
|
|
$
|
6,932,000.00
|
December
25, 2035
|
|||||
Class
M-11
|
Variable(2)
|
|
$
|
6,602,000.00
|
December
25, 2035
|
|||||
Class
CE Interest
|
Variable(3)
|
|
$
|
18,161,151.00
|
December
25, 2035
|
|||||
Class
P Interest
|
N/A(4)
|
|
$
|
100.00
|
December
25, 2035
|
|||||
Class
Swap-IO-1 Interest
|
N/A(5)
|
|
N/A
|
December
25, 2035
|
||||||
Class
Swap-IO-2 Interest
|
N/A(6)
|
|
N/A
|
December
25, 2035
|
_______________
(1)
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the
Distribution Date immediately following the maturity date for the Mortgage
Loan
with the latest maturity date has been designated as the “latest possible
maturity date” for each REMIC III Regular Interest.
(2)
Calculated
in accordance with the definition of “Pass-Through Rate” herein.
(3)
The
Class
CE Interest will accrue interest at its variable Pass-Through Rate on the
Notional Amount of the Class CE Interest outstanding from time to time, which
shall equal the Uncertificated Balance of the REMIC II Regular Interests (other
than REMIC II Regular Interest II-LTP). The Class CE Interest will not accrue
interest on its Uncertificated Balance.
(4)
The
Class
P Interest will not accrue interest.
(5)
The
Class
Swap-IO-1 Interest will not have a Pass-Through Rate or a Certificate Principal
Balance, but will be entitled to 100% of the amounts distributed on REMIC II
Regular Interest II-LTIO-1.
(6)
The
Class
Swap-IO-2 Interest will not have a Pass-Through Rate or a Certificate Principal
Balance, but will be entitled to 100% of the amounts distributed on REMIC II
Regular Interest II-LTIO-2.
REMIC
IV
As
provided herein, the Trustee shall make an election to treat the segregated
pool
of assets consisting of the Class CE Interest as a REMIC for federal income
tax
purposes, and such segregated pool of assets will be designated as “REMIC IV.”
The Class R-IV Interest represents the sole class of “residual interests” in
REMIC IV for purposes of the REMIC Provisions.
The
following table irrevocably sets forth the Class designation, Pass-Through
Rate
and Original Class Certificate Principal Balance for the indicated Class of
Certificates that represents a “regular interest” in REMIC IV created
hereunder:
Class
Designation
|
Pass-Through
Rate
|
Initial
Aggregate
Certificate
Principal Balance
|
Latest
Possible
Maturity
Date(1)
|
Class
CE Certificates
|
Variable(2)
|
$18,161,151.00
|
December
25, 2035
|
_______________
(1)
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the
Distribution Date immediately following the maturity date for the Mortgage
Loans
with the latest maturity date has been designated as the “latest possible
maturity date” for the Class CE Certificates.
(2)
The
Class
CE Certificates will receive 100% of amounts received in respect of the Class
CE
Interest.
REMIC
V
As
provided herein, the Trustee shall make an election to treat the segregated
pool
of assets consisting of the Class P Interest as a REMIC for federal income
tax
purposes, and such segregated pool of assets will be designated as “REMIC V.”
The Class R-V Interest represents the sole class of “residual interests” in
REMIC V for purposes of the REMIC Provisions.
The
following table irrevocably sets forth the Class designation, Pass-Through
Rate
and Original Class Certificate Principal Balance for the indicated Class of
Certificates that represents a “regular interest” in REMIC V created
hereunder:
Class
Designation
|
Pass-Through
Rate
|
Initial
Aggregate
Certificate
Principal Balance
|
Latest
Possible
Maturity
Date(1)
|
Class
P Certificates
|
Variable(2)
|
$100.00
|
December
25, 2035
|
_______________
(1)
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the
Distribution Date immediately following the maturity date for the Mortgage
Loans
with the latest maturity date has been designated as the “latest possible
maturity date” for the Class P Certificates.
(2)
The
Class
P Certificates will receive 100% of amounts received in respect of the Class
P
Interest.
REMIC
VI
As
provided herein, the Trustee shall make an election to treat the segregated
pool
of assets consisting of the Class SWAP-IO-1 Interest as a REMIC for federal
income tax purposes, and such segregated pool of assets shall be designated
as
“REMIC VI.” The Class R-VI Interest represents the sole class of “residual
interests” in REMIC VI for purposes of the REMIC Provisions. The following table
irrevocably sets forth the designation, the Pass-Through Rate, the initial
aggregate Certificate Principal Balance and, for purposes of satisfying Treasury
regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
the indicated REMIC VI Regular Interest SWAP-IO-1, which will be
uncertificated.
Designation
|
Pass-Through
Rate
|
Initial
Aggregate
Certificate
Principal Balance
|
Latest
Possible
Maturity
Date(1)
|
||||
SWAP-IO-1
|
Variable(2)
|
N/A
|
December
25, 2035
|
________________
(1)
|
For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
the
Distribution Date immediately following the maturity date for the
Mortgage
Loan with the latest maturity date has been designated as the “latest
possible maturity date” for REMIC VI Regular Interest
SWAP-IO-1.
|
(2)
|
REMIC
VI Regular Interest SWAP-IO-1 shall receive 100% of amounts received
in
respect of the Class SWAP-IO-1
Interest.
|
As
of the
Cut-off Date, the Mortgage Loans had an aggregate Stated Principal Balance
equal
to $660,232,251.00.
In
consideration of the mutual agreements herein contained, the Depositor, the
Servicers, the Master Servicer, the Trust Administrator and the Trustee agree
as
follows:
REMIC
VII
As
provided herein, the Trustee shall make an election to treat the segregated
pool
of assets consisting of the Class SWAP-IO-2 Interest as a REMIC for federal
income tax purposes, and such segregated pool of assets shall be designated
as
“REMIC VII.” The Class R-VII Interest represents the sole class of “residual
interests” in REMIC VII for purposes of the REMIC Provisions. The following
table irrevocably sets forth the designation, the Pass-Through Rate, the initial
aggregate Certificate Principal Balance and, for purposes of satisfying Treasury
regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
the indicated REMIC VII Regular Interest SWAP-IO-2, which will be
uncertificated.
Designation
|
Pass-Through
Rate
|
Initial
Aggregate
Certificate
Principal Balance
|
Latest
Possible
Maturity
Date(1)
|
||||
SWAP-IO-2
|
Variable(2)
|
N/A
|
December
25, 2035
|
________________
(1)
|
For
purposes of Section
1.860G-1(a)(4)(iii)
of
the Treasury
regulations,
the
Distribution
Date
immediately following the maturity date for the Mortgage
Loan
with the latest maturity date has been designated as the “latest possible
maturity date” for REMIC
VII Regular
Interest
SWAP-IO-2.
|
(2)
|
REMIC
VII Regular
Interest
SWAP-IO-2
shall
receive 100%
of
amounts received in respect of the Class
SWAP-IO-2
Interest.
|
ARTICLE
I
DEFINITIONS
SECTION 1.01. |
Defined
Terms.
|
Whenever
used in this Agreement, including, without limitation, in the Preliminary
Statement hereto, the following words and phrases, unless the context otherwise
requires, shall have the meanings specified in this Article. Unless otherwise
specified, all calculations described herein shall be made on the basis of
a
360-day year consisting of twelve 30-day months.
“Accepted
Master Servicing Practices”: With respect to any Mortgage Loan, as applicable,
either (x) those customary mortgage loan master servicing practices of prudent
mortgage servicing institutions that master service mortgage loans of the same
type and quality as such Mortgage Loan in the jurisdiction where the related
Mortgaged Property is located, to the extent applicable to the Master Servicer
(except in its capacity as successor to either Servicer), or (y) as provided
in
Section 3A.01 hereof, but in no event below the standard set forth in
clause (x).
“Accrual
Period”: With respect to the Class A Certificates and the Mezzanine Certificates
and each Distribution Date, the period commencing on the preceding Distribution
Date (or in the case of the first such Accrual Period, commencing on the Closing
Date) and ending on the day preceding the current Distribution Date. With
respect to the Class CE Certificates and the REMIC Regular Interests and each
Distribution Date, the calendar month prior to the month of such Distribution
Date.
“Additional
Form 10-D Disclosure”: The meaning set forth in Section 4.06(a)(i).
“Additional
Form 10-K Disclosure”: The meaning set forth in Section
4.06(a)(iv).
“Adjustable-Rate
Mortgage Loan”: Each of the Mortgage Loans identified in the Mortgage Loan
Schedule as having a Mortgage Rate that is subject to adjustment.
“Adjusted
Net Maximum Mortgage Rate”: With respect to any Mortgage Loan (or the related
REO Property), as of any date of determination, a per annum rate of interest
equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or the
Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first
day
of the month preceding the month in which the related Distribution Date occurs
minus
the
sum of (i) the Master Servicing Fee Rate, (ii) the Servicing Fee Rate and (iii)
the Credit Risk Manager Fee Rate.
“Adjusted
Net Mortgage Rate”: With respect to any Mortgage Loan (or the related REO
Property), as of any date of determination, a per annum rate of interest equal
to the applicable Mortgage Rate for such Mortgage Loan as of the first day
of
the month preceding the month in which the related Distribution Date occurs
minus
the
sum of (i) the Master Servicing Fee Rate, (ii) the Servicing Fee Rate and (iii)
the Credit Risk Manager Fee Rate.
“Adjustment
Date”: With respect to each Adjustable-Rate Mortgage Loan, the first day of the
month in which the Mortgage Rate of such Mortgage Loan changes pursuant to
the
related Mortgage Note. The first Adjustment Date following the Cut-off Date
as
to each Adjustable-Rate Mortgage Loan is set forth in the Mortgage Loan
Schedule.
“Advance”:
With respect to any Distribution Date, as to any Mortgage Loan or REO Property,
any advance made by either Servicer in respect of Monthly Payments due during
the related Due Period pursuant to Section 4.03 or by the Master Servicer (in
its capacity as a successor Servicer) or any other successor Servicer pursuant
to Section 4.03.
“Advance
Facility”: As defined in Section 3.29 hereof.
“Advancing
Person”: As defined in Section 3.29 hereof.
“Affiliate”:
With respect to any specified Person, any other Person controlling or controlled
by or under common control with such specified Person. For the purposes of
this
definition, “control” when used with respect to any specified Person means the
power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract
or
otherwise, and the terms “controlling” and “controlled” have meanings
correlative to the foregoing.
“Aggregate
Loss Severity Percentage”: With respect to any Distribution Date, the percentage
equivalent of a fraction, the numerator of which is the aggregate amount of
Realized Losses incurred on any Mortgage Loans from the Cut-off Date to the
last
day of the preceding calendar month and the denominator of which is the
aggregate Stated Principal Balance of such Mortgage Loans immediately prior
to
the liquidation of such Mortgage Loans.
“Agreement”:
This Pooling and Servicing Agreement and all amendments hereof and supplements
hereto.
“Allocated
Realized Loss Amount”: With respect to any Distribution Date and any Class of
Mezzanine Certificates, (i) the sum of (a) any Realized Losses allocated to
such
Class of Certificates on such Distribution Date and (b) the amount of any
Allocated Realized Loss Amount for such Class of Certificates remaining
undistributed from the previous Distribution Date reduced by (ii) the amount of
any Subsequent Recoveries added to the Certificate Principal Balance of such
Class of Certificates.
“Assessment
of Compliance”: As defined in Section 3.21.
“Assignment”:
An assignment of Mortgage, notice of transfer or equivalent instrument, in
recordable form (excepting therefrom, if applicable, the mortgage recordation
information which has not been required pursuant to Section 2.01 hereof or
returned by the applicable recorder’s office), which is sufficient under the
laws of the jurisdiction wherein the related Mortgaged Property is located
to
reflect of record the sale of the Mortgage, which assignment, notice of transfer
or equivalent instrument may be in the form of one or more blanket assignments
covering Mortgages secured by Mortgaged Properties located in the same county,
if permitted by law.
“Assignment
Agreement”: Each Assignment and Recognition Agreement, dated February 27, 2006,
among the Depositor, the Seller and the related Originator, forms of which
are
attached hereto as Exhibit D, pursuant to which the Seller assigns its rights
under the related Master Agreement to the Depositor.
“Attestation
Report”: As defined in Section 3.21.
“Available
Funds”: With respect to any Distribution Date, an amount equal to the excess of
(i) the sum of (a) the aggregate of the related Monthly Payments received on
the
Mortgage Loans by the Servicers on or prior to the related Determination Date,
(b) Net Liquidation Proceeds, Insurance Proceeds, Principal Prepayments,
Subsequent Recoveries, proceeds from repurchases of and substitutions for such
Mortgage Loans and other unscheduled recoveries of principal and interest in
respect of the Mortgage Loans received by the Servicers during the related
Prepayment Period, (c) the aggregate of any amounts received by the Servicers
in
respect of a related REO Property and withdrawn from any REO Account and
remitted to the Master Servicer for such Distribution Date, (d) the aggregate
of
any amounts on deposit in the Distribution Account representing Compensating
Interest paid by either Servicer or the Master Servicer in respect of related
Prepayment Interest Shortfalls for such Distribution Date, (e) the aggregate
of
any Advances made by the Servicers for such Distribution Date in respect of
the
Mortgage Loans and (f) the aggregate of any related Advances made by the Master
Servicer (or other successor Servicer) in respect of the Mortgage Loans for
such
Distribution Date pursuant to Section 4.03 over (ii) the sum of (a) amounts
reimbursable or payable to the Servicers pursuant to Section 3.11(a) or to
the
Master Servicer pursuant to Section 3A.21, (b) Extraordinary Trust Fund
Expenses reimbursable to the Trustee, the Servicers, the Master Servicer or
the
Trust Administrator pursuant to Section 3A.12, (c) amounts in respect of
the items set forth in clauses (i)(a) through (i)(f) above deposited in the
Collection Account or the Distribution Account, as the case may be, in error,
(d) the amount of any Prepayment Charges collected by the Servicers in
connection with the full or partial prepayment of any of the Mortgage Loans
and
any Servicer Prepayment Charge Payment Amount, (e) any indemnification and
reimbursement amounts owed to the Trust Administrator, the Trustee or the
Custodian payable from the Distribution Account pursuant to Section 8.05,
(f) the Credit Risk Manager Fee, (g) without duplication, any amounts in respect
of the items set forth in clauses (i)(a) and (i)(b) permitted hereunder to
be
retained by the Master Servicer or to be withdrawn by the Master Servicer from
the Distribution Account pursuant to Section 3A.12, (h) Servicing Fees
retained by the Servicers pursuant to Section 3.11 and (i) any Net Swap Payment
or Swap Termination Payment owed to a Swap Provider (other than any Swap
Termination Payment owed to a Swap Provider resulting from a Swap Provider
Trigger Event). Notwithstanding any of the foregoing, with respect to any items
that are part of the Available Funds as defined above and that are required
to
be remitted by each Servicer to the Master Servicer, the Available Funds shall
not be deemed to include any portion of such items that are not actually
remitted by such Servicer to the Master Servicer.
“Back-Up
Certification”: The meaning set forth in Section 4.06(a)(iv).
“Balloon
Mortgage Loan”: A Mortgage Loan that provides for the payment of the unamortized
principal balance of such Mortgage Loan in a single payment at the maturity
of
such Mortgage Loan that is substantially greater than the preceding monthly
payment.
“Balloon
Payment”: A payment of the unamortized principal balance of a Mortgage Loan in a
single payment at the maturity of such Mortgage Loan that is substantially
greater than the preceding Monthly Payment.
“Bankruptcy
Code”: The Bankruptcy Reform Act of 1978 (Title 11 of the United States Code),
as amended.
“Basic
Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (i) the Principal Remittance Amount for such Distribution Date over
(ii) the Overcollateralization Release Amount, if any, for such Distribution
Date.
“Book-Entry
Certificate”: The Class A Certificates and the Mezzanine Certificates for so
long as the Certificates of such Class shall be registered in the name of the
Depository or its nominee.
“Book-Entry
Custodian”: The custodian appointed pursuant to Section 5.01.
“Business
Day”: Any day other than a Saturday, a Sunday or a day on which banking or
savings and loan institutions in the State of Arizona, the State of California,
the State of New Jersey, the State of New York, the State of Florida, or in
the
cities in which the Corporate Trust Office of the Trustee or the Corporate
Trust
Office of the Trust Administrator is located, are authorized or obligated by
law
or executive order to be closed.
“Cap
Account”: The account or accounts created and maintained pursuant to Section
4.10. The Cap Account must be an Eligible Account.
“Cap
Contract”: The cap contract between the Trust Administrator on behalf of the
Trust and the counterparty thereunder relating to the Class A Certificates
and
the Mezzanine Certificates.
“Certification
Parties”: The meaning set forth in Section 4.06(a)(iv).
“Certificate”:
Any one of the Mortgage Pass-Through Certificates, Series 2006-HE1, Class A-1,
Class X-0, Xxxxx X-0, Class A-4, Class M-1, Class M-2, Class M-3, Class M-4,
Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11,
Class CE, Class P, Class R or Class R-X, issued under this
Agreement.
“Certificate
Factor”: With respect to any Class of Regular Certificates as of any
Distribution Date, a fraction, expressed as a decimal carried to at least six
places, the numerator of which is the aggregate Certificate Principal Balance
(or the Notional Amount, in the case of the Class CE Certificates) of such
Class
of Certificates on such Distribution Date (after giving effect to any
distributions of principal and allocations of Realized Losses in reduction
of
the Certificate Principal Balance (or the Notional Amount, in the case of the
Class CE Certificates) of such Class of Certificates to be made on such
Distribution Date), and the denominator of which is the initial aggregate
Certificate Principal Balance (or the Notional Amount, in the case of the Class
CE Certificates) of such Class of Certificates as of the Closing
Date.
“Certificate
Margin”: With respect to each Class A Certificate and Mezzanine Certificate and,
for purposes of the Marker Rate, the specified REMIC II Regular Interest, as
follows:
Class
|
REMIC
II Regular Interest
|
Certificate
Margin
|
|
(1)
(%)
|
(2)
(%)
|
||
A-1
|
II-LTA1
|
0.080
|
0.160
|
X-0
|
XX-XXX0
|
0.000
|
0.000
|
X-0
|
XX-XXX0
|
0.190
|
0.380
|
X-0
|
XX-XXX0
|
0.290
|
0.580
|
M-1
|
II-LTM1
|
0.370
|
0.555
|
M-2
|
II-LTM2
|
0.380
|
0.570
|
M-3
|
II-LTM3
|
0.400
|
0.600
|
M-4
|
II-LTM4
|
0.510
|
0.765
|
M-5
|
II-LTM5
|
0.540
|
0.810
|
M-6
|
II-LTM6
|
0.630
|
0.945
|
M-7
|
II-LTM7
|
1.200
|
1.800
|
M-8
|
II-LTM8
|
1.500
|
2.250
|
M-9
|
II-LTM9
|
2.450
|
3.675
|
M-10
|
II-LTM10
|
2.500
|
3.750
|
M-11
|
II-LTM11
|
2.500
|
3.750
|
__________
(1)
|
For
the Interest Accrual Period for each Distribution Date on or prior
to the
Optional Termination Date.
|
(2)
|
For
the Interest Accrual Period for each Distribution Date after the
Optional
Termination Date.
|
“Certificateholder”
or “Holder”: The Person in whose name a Certificate is registered in the
Certificate Register, except that a Disqualified Organization or a Non-United
States Person shall not be a Holder of a Residual Certificate for any purposes
hereof and, solely for the purposes of giving any consent pursuant to this
Agreement, any Certificate registered in the name of the Depositor, a Servicer
or the Master Servicer or any Affiliate thereof shall be deemed not to be
outstanding and the Voting Rights to which it is entitled shall not be taken
into account in determining whether the requisite percentage of Voting Rights
necessary to effect any such consent has been obtained, except as otherwise
provided in Section 11.01. The Trust Administrator and the Trustee and the
NIMS Insurer may conclusively rely upon a certificate of the Depositor, a
Servicer or the Master Servicer in determining whether a Certificate is held
by
an Affiliate thereof. All references herein to “Holders” or “Certificateholders”
shall reflect the rights of Certificate Owners as they may indirectly exercise
such rights through the Depository and participating members thereof, except
as
otherwise specified herein; provided, however, that the Trust Administrator,
the
Trustee and the NIMS Insurer shall be required to recognize as a “Holder” or
“Certificateholder” only the Person in whose name a Certificate is registered in
the Certificate Register.
“Certificate
Owner”: With respect to a Book-Entry Certificate, the Person who is the
beneficial owner of such Certificate as reflected on the books of the Depository
or on the books of a Depository Participant or on the books of an indirect
participating brokerage firm for which a Depository Participant acts as
agent.
“Certificate
Principal Balance”: With respect to each Class A Certificate, Mezzanine
Certificate or Class P Certificate as of any date of determination, the
Certificate Principal Balance of such Certificate on the Distribution Date
immediately prior to such date of determination plus any Subsequent Recoveries
added to the Certificate Principal Balance of such Certificate pursuant to
Section 4.01, minus all distributions allocable to principal made thereon
and Realized Losses allocated thereto on such immediately prior Distribution
Date (or, in the case of any date of determination up to and including the
first
Distribution Date, the initial Certificate Principal Balance of such
Certificate, as stated on the face thereof). With respect to each Class CE
Certificate as of any date of determination, an amount equal to the Percentage
Interest evidenced by such Certificate times the excess, if any, of (A) the
then
aggregate Uncertificated Balance of the REMIC II Regular Interests over (B)
the
then aggregate Certificate Principal Balance of the Class A Certificates, the
Mezzanine Certificates and the Class P Certificates then
outstanding.
“Certificate
Register”: The register maintained pursuant to Section 5.02.
“Certifying
Person”: The meaning set forth in Section 4.06(a)(iv).
“CHF”:
Chase Home Finance, LLC.
“Class”:
Collectively, all of the Certificates bearing the same class
designation.
“Class
A
Certificates”: Any of the Class A-1 Certificates, Class A-2 Certificates, Class
A-3 Certificates or Class A-4 Certificates.
“Class
A-1 Certificate”: Any one of the Class A-1 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-1 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
A-2 Certificate”: Any one of the Class A-2 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-2 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
A-3 Certificate”: Any one of the Class A-3 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-3 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
A-4 Certificate”: Any one of the Class A-4 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-4 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
CE
Certificate”: Any one of the Class CE Certificates executed, authenticated and
delivered by the Trust Administrator, substantially in the form annexed hereto
as Exhibit A-16 and evidencing (i) a Regular Interest in REMIC IV, (ii) the
obligation to pay Net WAC Rate Carryover Amounts and Swap Termination Payments
and (iii) the right to receive the Class IO Distribution Amount.
“Class
CE
Interest”: An uncertificated interest in the Trust Fund held by the Trustee on
behalf of the Holders of the Class CE Certificates, evidencing a Regular
Interest in REMIC III for purposes of the REMIC Provisions.
“Class
IO
Distribution Amount”: As defined in Section 4.08 hereof. For purposes of
clarity, the Class IO Distribution Amount for any Distribution Date shall equal
the amount payable to the Trust Administrator on such Distribution Date in
excess of the amount payable on the Class SWAP-IO-1 Interest and the Class
SWAP-IO-2 Interest on such Distribution Date, all as further provided in Section
4.08 hereof.
“Class
M-1 Certificate”: Any one of the Class M-1 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-5 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-1 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date) and (ii) the
Certificate Principal Balance of the Class M-1 Certificates immediately prior
to
such Distribution Date over (y) the lesser of (A) the product of (i) 60.70%
and
(ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the
last
day of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or advanced,
and unscheduled collections of principal received during the related Prepayment
Period) and (B) the excess of the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) over $3,301,161.26.
“Class
M-2 Certificate”: Any one of the Class M-2 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-6 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-2 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date) and (iii) the Certificate Principal Balance of the Class M-2 Certificates
immediately prior to such Distribution Date over (y) the lesser of (A) the
product of (i) 67.70% and (ii) the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) and (B) the excess of the aggregate Stated
Principal Balance of the Mortgage Loans as of the last day of the related Due
Period (after giving effect to scheduled payments of principal due during the
related Due Period, to the extent received or advanced, and unscheduled
collections of principal received during the related Prepayment Period) over
$3,301,161.26.
“Class
M-3 Certificate”: Any one of the Class M-3 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-7 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-3 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date) and (iv) the Certificate
Principal Balance of the Class M-3 Certificates immediately prior to such
Distribution Date over (y) the lesser of (A) the product of (i) 72.10% and
(ii)
the aggregate Stated Principal Balance of the Mortgage Loans as of the last
day
of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or advanced,
and unscheduled collections of principal received during the related Prepayment
Period) and (B) the excess of the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) over $3,301,161.26.
“Class
M-4 Certificate”: Any one of the Class M-4 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-8 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-4 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date), (iv) the Certificate Principal
Balance of the Class M-3 Certificates (after taking into account the
distribution of the Class M-3 Principal Distribution Amount on such Distribution
Date) and (v) the Certificate Principal Balance of the Class M-4 Certificates
immediately prior to such Distribution Date over (y) the lesser of (A) the
product of (i) 75.80% and (ii) the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) and (B) the excess of the aggregate Stated
Principal Balance of the Mortgage Loans as of the last day of the related Due
Period (after giving effect to scheduled payments of principal due during the
related Due Period, to the extent received or advanced, and unscheduled
collections of principal received during the related Prepayment Period) over
$3,301,161.26.
“Class
M-5 Certificate”: Any one of the Class M-5 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-9 and evidencing (i) a Regular Interest in REMIC III, (ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-5 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date), (iv) the Certificate Principal
Balance of the Class M-3 Certificates (after taking into account the
distribution of the Class M-3 Principal Distribution Amount on such Distribution
Date), (v) the Certificate Principal Balance of the Class M-4 Certificates
(after taking into account the distribution of the Class M-4 Principal
Distribution Amount on such Distribution Date) and (vi) the Certificate
Principal Balance of the Class M-5 Certificates immediately prior to such
Distribution Date over (y) the lesser of (A) the product of (i) 79.30% and
(ii)
the aggregate Stated Principal Balance of the Mortgage Loans as of the last
day
of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or advanced,
and unscheduled collections of principal received during the related Prepayment
Period) and (B) the excess of the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) over $3,301,161.26.
“Class
M-6 Certificate”: Any one of the Class M-6 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-10 and evidencing (i) a Regular Interest in REMIC III,
(ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-6 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date), (iv) the Certificate Principal
Balance of the Class M-3 Certificates (after taking into account the
distribution of the Class M-3 Principal Distribution Amount on such Distribution
Date), (v) the Certificate Principal Balance of the Class M-4 Certificates
(after taking into account the distribution of the Class M-4 Principal
Distribution Amount on such Distribution Date), (vi) the Certificate Principal
Balance of the Class M-5 Certificates (after taking into account the
distribution of the Class M-5 Principal Distribution Amount on such Distribution
Date) and (vii) the Certificate Principal Balance of the Class M-6 Certificates
immediately prior to such Distribution Date over (y) the lesser of (A) the
product of (i) 82.50% and (ii) the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) and (B) the excess of the aggregate Stated
Principal Balance of the Mortgage Loans as of the last day of the related Due
Period (after giving effect to scheduled payments of principal due during the
related Due Period, to the extent received or advanced, and unscheduled
collections of principal received during the related Prepayment Period) over
$3,301,161.26.
“Class
M-7 Certificate”: Any one of the Class M-7 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-11 and evidencing (i) a Regular Interest in REMIC III,
(ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-7 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date), (iv) the Certificate Principal
Balance of the Class M-3 Certificates (after taking into account the
distribution of the Class M-3 Principal Distribution Amount on such Distribution
Date), (v) the Certificate Principal Balance of the Class M-4 Certificates
(after taking into account the distribution of the Class M-4 Principal
Distribution Amount on such Distribution Date), (vi) the Certificate Principal
Balance of the Class M-5 Certificates (after taking into account the
distribution of the Class M-5 Principal Distribution Amount on such Distribution
Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates
(after taking into account the distribution of the Class M-6 Principal
Distribution Amount on such Distribution Date) and (viii) the Certificate
Principal Balance of the Class M-7 Certificates immediately prior to such
Distribution Date over (y) the lesser of (A) the product of (i) 85.50% and
(ii)
the aggregate Stated Principal Balance of the Mortgage Loans as of the last
day
of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or advanced,
and unscheduled collections of principal received during the related Prepayment
Period) and (B) the excess of the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) over $3,301,161.26.
“Class
M-8 Certificate”: Any one of the Class M-8 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-12 and evidencing (i) a Regular Interest in REMIC III,
(ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-8 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the di stribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date), (iv) the Certificate Principal
Balance of the Class M-3 Certificates (after taking into account the
distribution of the Class M-3 Principal Distribution Amount on such Distribution
Date), (v) the Certificate Principal Balance of the Class M-4 Certificates
(after taking into account the distribution of the Class M-4 Principal
Distribution Amount on such Distribution Date), (vi) the Certificate Principal
Balance of the Class M-5 Certificates (after taking into account the
distribution of the Class M-5 Principal Distribution Amount on such Distribution
Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates
(after taking into account the distribution of the Class M-6 Principal
Distribution Amount on such Distribution Date), (viii) the Certificate Principal
Balance of the Class M-7 Certificates (after taking into account the
distribution of the Class M-7 Principal Distribution Amount on such Distribution
Date) and (ix) the Certificate Principal Balance of the Class M-8 Certificates
immediately prior to such Distribution Date over (y) the lesser of (A) the
product of (i) 88.20% and (ii) the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) and (B) the excess of the aggregate Stated
Principal Balance of the Mortgage Loans as of the last day of the related Due
Period (after giving effect to scheduled payments of principal due during the
related Due Period, to the extent received or advanced, and unscheduled
collections of principal received during the related Prepayment Period) over
$3,301,161.26.
“Class
M-9 Certificate”: Any one of the Class M-9 Certificates executed, authenticated
and delivered by the Trust Administrator, substantially in the form annexed
hereto as Exhibit A-13 and evidencing (i) a Regular Interest in REMIC III,
(ii)
the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation
to pay the Class IO Distribution Amount.
“Class
M-9 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date), (iv) the Certificate Principal
Balance of the Class M-3 Certificates (after taking into account the
distribution of the Class M-3 Principal Distribution Amount on such Distribution
Date), (v) the Certificate Principal Balance of the Class M-4 Certificates
(after taking into account the distribution of the Class M-4 Principal
Distribution Amount on such Distribution Date), (vi) the Certificate Principal
Balance of the Class M-5 Certificates (after taking into account the
distribution of the Class M-5 Principal Distribution Amount on such Distribution
Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates
(after taking into account the distribution of the Class M-6 Principal
Distribution Amount on such Distribution Date), (viii) the Certificate Principal
Balance of the Class M-7 Certificates (after taking into account the
distribution of the Class M-7 Principal Distribution Amount on such Distribution
Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates
(after taking into account the distribution of the Class M-8 Principal
Distribution Amount on such Distribution Date) and (x) the Certificate Principal
Balance of the Class M-9 Certificates immediately prior to such Distribution
Date over (y) the lesser of (A) the product of (i) 90.40% and (ii) the aggregate
Stated Principal Balance of the Mortgage Loans as of the last day of the related
Due Period (after giving effect to scheduled payments of principal due during
the related Due Period, to the extent received or advanced, and unscheduled
collections of principal received during the related Prepayment Period) and
(B)
the excess of the aggregate Stated Principal Balance of the Mortgage Loans
as of
the last day of the related Due Period (after giving effect to scheduled
payments of principal due during the related Due Period, to the extent received
or advanced, and unscheduled collections of principal received during the
related Prepayment Period) over $3,301,161.26.
“Class
M-10 Certificate”: Any one of the Class M-10 Certificates executed,
authenticated and delivered by the Trust Administrator, substantially in the
form annexed hereto as Exhibit A-14 and evidencing (i) a Regular Interest in
REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and
(iii)
the obligation to pay the Class IO Distribution Amount.
“Class
M-10 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date), (iv) the Certificate Principal
Balance of the Class M-3 Certificates (after taking into account the
distribution of the Class M-3 Principal Distribution Amount on such Distribution
Date), (v) the Certificate Principal Balance of the Class M-4 Certificates
(after taking into account the distribution of the Class M-4 Principal
Distribution Amount on such Distribution Date), (vi) the Certificate Principal
Balance of the Class M-5 Certificates (after taking into account the
distribution of the Class M-5 Principal Distribution Amount on such Distribution
Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates
(after taking into account the distribution of the Class M-6 Principal
Distribution Amount on such Distribution Date), (viii) the Certificate Principal
Balance of the Class M-7 Certificates (after taking into account the
distribution of the Class M-7 Principal Distribution Amount on such Distribution
Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates
(after taking into account the distribution of the Class M-8 Principal
Distribution Amount on such Distribution Date), (x) the Certificate Principal
Balance of the Class M-9 Certificates (after taking into account the
distribution of the Class M-9 Principal Distribution Amount on such Distribution
Date) and (xi) the Certificate Principal Balance of the Class M-10 Certificates
immediately prior to such Distribution Date over (y) the lesser of (A) the
product of (i) 92.50% and (ii) the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) and (B) the excess of the aggregate Stated
Principal Balance of the Mortgage Loans as of the last day of the related Due
Period (after giving effect to scheduled payments of principal due during the
related Due Period, to the extent received or advanced, and unscheduled
collections of principal received during the related Prepayment Period) over
$3,301,161.26.
“Class
M-11 Certificate”: Any one of the Class M-11 Certificates executed,
authenticated and delivered by the Trust Administrator, substantially in the
form annexed hereto as Exhibit A-15 and evidencing (i) a Regular Interest in
REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and
(iii)
the obligation to pay the Class IO Distribution Amount.
“Class
M-11 Principal Distribution Amount”: With respect to any Distribution Date, the
excess of (x) the sum of (i) the aggregate Certificate Principal Balance of
the
Class A Certificates (after taking into account the distribution of the Senior
Principal Distribution Amount on such Distribution Date), (ii) the Certificate
Principal Balance of the Class M-1 Certificates (after taking into account
the
distribution of the Class M-1 Principal Distribution Amount on such Distribution
Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates
(after taking into account the distribution of the Class M-2 Principal
Distribution Amount on such Distribution Date), (iv) the Certificate Principal
Balance of the Class M-3 Certificates (after taking into account the
distribution of the Class M-3 Principal Distribution Amount on such Distribution
Date), (v) the Certificate Principal Balance of the Class M-4 Certificates
(after taking into account the distribution of the Class M-4 Principal
Distribution Amount on such Distribution Date), (vi) the Certificate Principal
Balance of the Class M-5 Certificates (after taking into account the
distribution of the Class M-5 Principal Distribution Amount on such Distribution
Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates
(after taking into account the distribution of the Class M-6 Principal
Distribution Amount on such Distribution Date), (viii) the Certificate Principal
Balance of the Class M-7 Certificates (after taking into account the
distribution of the Class M-7 Principal Distribution Amount on such Distribution
Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates
(after taking into account the distribution of the Class M-8 Principal
Distribution Amount on such Distribution Date), (x) the Certificate Principal
Balance of the Class M-9 Certificates (after taking into account the
distribution of the Class M-9 Principal Distribution Amount on such Distribution
Date), (xi) the Certificate Principal Balance of the Class M-10 Certificates
(after taking into account the distribution of the Class M-10 Principal
Distribution Amount on such Distribution Date) and (xii) the Certificate
Principal Balance of the Class M-11 Certificates immediately prior to such
Distribution Date over (y) the lesser of (A) the product of (i) 94.50% and
(ii)
the aggregate Stated Principal Balance of the Mortgage Loans as of the last
day
of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or advanced,
and unscheduled collections of principal received during the related Prepayment
Period) and (B) the excess of the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) over $3,301,161.26.
“Class
P
Certificate”: Any one of the Class P Certificates executed, authenticated and
delivered by the Trust Administrator, substantially in the form annexed hereto
as Exhibit A-17 and evidencing a Regular Interest in REMIC V for purposes of
the
REMIC Provisions.
“Class
P
Interest”: An uncertificated interest in the Trust Fund held by the Trustee on
behalf of the Holders of the Class P Certificates, evidencing a Regular Interest
in REMIC III for purposes of the REMIC Provisions.
“Class
R
Certificate”: Any one of the Class R Certificates executed, authenticated and
delivered by the Trust Administrator, substantially in the form annexed hereto
as Exhibit A-18 and evidencing the ownership of the Class R-I Interest, the
Class R-II Interest and the Class R-III Interest.
“Class
R-X Certificate”: The Class R-X Certificate executed, authenticated and
delivered by the Trust Administrator, substantially in the form annexed hereto
as Exhibit A-19 and evidencing the ownership of the Class R-IV Interest, the
Class R-V Interest, the Class R-VI Interest and the Class R-VII
Interest.
“Class
R-I Interest”: The uncertificated Residual Interest in REMIC I.
“Class
R-II Interest”: The uncertificated Residual Interest in REMIC II.
“Class
R-III Interest”: The uncertificated Residual Interest in REMIC III.
“Class
R-IV Interest”: The uncertificated Residual Interest in REMIC IV.
“Class
R-V Interest”: The uncertificated Residual Interest in REMIC V.
“Class
R-VI Interest”: The uncertificated Residual Interest in REMIC VI.
“Class
R-VII Interest”: The uncertificated Residual Interest in REMIC VII.
“Class
SWAP-IO-1 Interest”: An uncertificated interest in the Trust Fund evidencing a
Regular Interest in REMIC III.
“Class
SWAP-IO-2 Interest”: An uncertificated interest in the Trust Fund evidencing a
Regular Interest in REMIC III.
“Closing
Date”: February 27, 2006.
“Code”:
The Internal Revenue Code of 1986, as amended.
“Collection
Account”: The account or accounts created and maintained, or caused to be
created and maintained, by each Servicer pursuant to Section 3.10(a), which
shall be entitled (i) “Chase Home Finance, LLC as subservicer for JPMorgan Chase
Bank, National Association, as a Servicer for U.S. Bank National Association,
as
Trustee, in trust for the registered holders of MASTR Asset Backed Securities
Trust 2006-HE1, Mortgage Pass-Through Certificates” and (ii) “Xxxxx Fargo Bank,
N.A., as a Servicer for U.S. Bank National Association, as Trustee, in trust
for
the registered holders of MASTR Asset Backed Securities Trust 2006-HE1, Mortgage
Pass-Through Certificates.” Each Collection Account must be an Eligible Account
“Commission”:
The U.S. Securities and Exchange Commission.
“Compensating
Interest”: With respect to each Servicer and any Principal Prepayment, the
amount not to exceed the amount of the aggregate Servicing Fee to be paid to
or
retained by the related Servicer for such Distribution Date, in respect of
Prepayment Interest Shortfalls required to be paid by such Servicer pursuant
to
Section 3.24 from its own funds without right of reimbursement. With respect
to
the Master Servicer, the amount in respect of Prepayment Interest Shortfalls
required to be paid by the Master Servicer pursuant to Section 3A.10 from
its own funds without right of reimbursement except as provided in
Section 3A.10.
“Compensating
Interest Payment”: As defined in Section 3.24.
“Corporate
Trust Office”: The principal corporate trust office of the Trustee or the Trust
Administrator, as the case may be, at which at any particular time its corporate
trust business in connection with this Agreement shall be administered, which
office at the date of the execution of this instrument is located at (i) with
respect to the Trustee, U.S. Bank National Association, 00 Xxxxxxxxxx Xxxxxx,
XX-XX-XX0X,
Xx.
Xxxx, Xxxxxxxxx 00000, Attention: Structured Finance/MASTR 2006-HE1, or at
such
other address as the Trustee may designate from time to time by notice to the
Certificateholders, the Depositor, the Servicer, the Master Servicer, the
Originator, and the Trust Administrator, or (ii) with respect to the Trust
Administrator, (A) for Certificate transfer and surrender purposes, Xxxxx Fargo
Bank, N.A., Xxxxx Xxxxxx xxx Xxxxxxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxxxx 00000,
Attention: Corporate Trust Services—MASTR 2006-HE1 and (B) for all other
purposes, Xxxxx Fargo Bank, N.A., 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx
00000, Attention: Corporate Trust Services—MASTR 2006-HE1, or in each case at
such other address as the Trust Administrator may designate from time to time
by
notice to the Certificateholders, the Depositor, the Servicer, the Master
Servicer, the Originator and the Trustee.
“Corresponding
Certificate”: With respect to each REMIC II Regular Interest set forth below,
the corresponding Regular Certificate set forth in the table below:
REMIC
II Regular Interest
|
Regular
Certificate
|
II-LTA1
|
Class
A-1
|
II-LTA2
|
Class
X-0
|
XX-XXX0
|
Xxxxx
X-0
|
XX-XXX0
|
Class
A-4
|
II-LTM1
|
Class
M-1
|
II-LTM2
|
Class
M-2
|
II-LTM3
|
Class
M-3
|
II-LTM4
|
Class
M-4
|
II-LTM5
|
Class
M-5
|
II-LTM6
|
Class
M-6
|
II-LTM7
|
Class
M-7
|
II-LTM8
|
Class
M-8
|
II-LTM9
|
Class
M-9
|
II-LTM10
|
Class
M-10
|
II-LTM11
|
Class
M-11
|
II-LTP
|
Class
P
|
“Credit
Enhancement Percentage”: For any Distribution Date, the percentage equivalent of
a fraction, the numerator of which is the aggregate Certificate Principal
Balance of the Mezzanine Certificates and the Class CE Certificates, and the
denominator of which is the aggregate Stated Principal Balance of the Mortgage
Loans, calculated prior to taking into account distributions of principal on
the
Mortgage Loans and distribution of the Principal Distribution Amount to the
Certificates then entitled to distributions of principal on such Distribution
Date.
“Credit
Risk Management Agreement”: The respective agreements between the Credit Risk
Manager and a Servicer and/or Master Servicer regarding the loss mitigation
and
advisory services to be provided by the Credit Risk Manager.
“Credit
Risk Manager”: Xxxxxxx Fixed Income Services Inc., a Colorado corporation,
formerly known as The Murrayhill Company, and its successors and assigns.
“Credit
Risk Manager Fee”: The amount payable to the Credit Risk Manager on each
Distribution Date as compensation for all services rendered by it in the
exercise and performance of any of the powers and duties of the Credit Risk
Manager under the respective Credit Risk Management Agreement and any other
agreement pursuant to which the Credit Risk Manager is to perform any duties
with respect to the related Mortgage Loans, which amount shall equal one twelfth
of the product of (i) the Credit Risk Manager Fee Rate (without regard to the
words “per annum”) and (ii) the aggregate Stated Principal Balance of the
related Mortgage Loans and any related REO Properties as of the first day of
the
related Due Period.
“Credit
Risk Manager Fee Rate”: 0.0125% per annum.
“Cumulative
Loss Percentage”: With respect to any Distribution Date, the percentage
equivalent of a fraction, the numerator of which is the aggregate amount of
Realized Losses incurred from the Cut-off Date to the last day of the preceding
calendar month and the denominator of which is the sum of the aggregate Stated
Principal Balance of the Mortgage Loans as of the Cut-off Date.
“Custodian”:
Xxxxx Fargo Bank, N.A., and its successors and assigns, in its capacity as
Custodian under this Agreement.
“Cut-off
Date”: With respect to each Original Mortgage Loan, February 1, 2006. With
respect to all Qualified Substitute Mortgage Loans, their respective dates
of
substitution. References herein to the “Cut-off Date,” when used with respect to
more than one Mortgage Loan, shall be to the respective Cut-off Dates for such
Mortgage Loans.
“Cut-off
Date Principal Balance”: With respect to any Mortgage Loan, the unpaid Stated
Principal Balance thereof as of the Cut-off Date of such Mortgage Loan (or
as of
the applicable date of substitution with respect to a Qualified Substitute
Mortgage Loan), after giving effect to scheduled payments due on or before
the
Cut-off Date, whether or not received.
“Debt
Service Reduction”: With respect to any Mortgage Loan, a reduction in the
scheduled Monthly Payment for such Mortgage Loan by a court of competent
jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction
resulting from a Deficient Valuation.
“Deficient
Valuation”: With respect to any Mortgage Loan, a valuation of the related
Mortgaged Property by a court of competent jurisdiction in an amount less than
the then outstanding principal balance of the Mortgage Loan, which valuation
results from a proceeding initiated under the Bankruptcy Code.
“Definitive
Certificates”: As defined in Section 5.01(b).
“Deleted
Mortgage Loan”: A Mortgage Loan replaced or to be replaced by a Qualified
Substitute Mortgage Loan.
“Delinquency
Percentage”: As of the last day of the related Due Period, the percentage
equivalent of a fraction, the numerator of which is the aggregate Stated
Principal Balance of all Mortgage Loans that, as of the last day of the previous
calendar month, are 60 or more days delinquent, are in foreclosure, have been
converted to REO Properties or have been discharged by reason of bankruptcy
and
are 60 or more days delinquent, and the denominator of which is the aggregate
Stated Principal Balance of the Mortgage Loans and REO Properties as of the
last
day of the previous calendar month.
“Depositor”:
Mortgage Asset Securitization Transactions, Inc., a Delaware corporation, or
its
successor in interest.
“Depository”:
The Depository Trust Company, or any successor Depository hereafter named.
The
nominee of the initial Depository, for purposes of registering those
Certificates that are to be Book-Entry Certificates, is Cede & Co. The
Depository shall at all times be a “clearing corporation” as defined in Section
8-102(3) of the Uniform Commercial Code of the State of New York and a “clearing
agency” registered pursuant to the provisions of Section 17A of the Securities
Exchange Act of 1934, as amended.
“Depository
Participant”: A broker, dealer, bank or other financial institution or other
Person for whom from time to time a Depository effects book-entry transfers
and
pledges of securities deposited with the Depository.
“Determination
Date”: With respect to any Distribution Date, the 15th
day of
the calendar month in which such Distribution Date occurs or, if such
15th
day is
not a Business Day, the Business Day immediately preceding such 15th
day.
“Directly
Operate”: With respect to any REO Property, the furnishing or rendering of
services to the tenants thereof, the management or operation of such REO
Property, the holding of such REO Property primarily for sale to customers,
the
performance of any construction work thereon or any use of such REO Property
in
a trade or business conducted by REMIC I other than through an Independent
Contractor; provided, however, that the Trustee (or the related Servicer or
the
Master Servicer on behalf of the Trustee) shall not be considered to Directly
Operate an REO Property solely because the Trustee (or the related Servicer
or
the Master Servicer on behalf of the Trustee) establishes rental terms, chooses
tenants, enters into or renews leases, deals with taxes and insurance, or makes
decisions as to repairs or capital expenditures with respect to such REO
Property.
“Disqualified
Organization”: Any of the following: (i) the United States, any State or
political subdivision thereof, any possession of the United States, or any
agency or instrumentality of any of the foregoing (other than an instrumentality
which is a corporation if all of its activities are subject to tax and, except
for Xxxxxxx Mac, a majority of its board of directors is not selected by such
governmental unit), (ii) any foreign government, any international organization,
or any agency or instrumentality of any of the foregoing, (iii) any organization
(other than certain farmers’ cooperatives described in Section 521 of the
Code) which is exempt from the tax imposed by Chapter 1 of the Code (including
the tax imposed by Section 511 of the Code on unrelated business taxable
income), (iv) rural electric and telephone cooperatives described in
Section 1381(a)(2)(C) of the Code, (v) an “electing large partnership” and
(vi) any other Person so designated by the Trustee or the Trust Administrator
based upon an Opinion of Counsel that the holding of an Ownership Interest
in a
Residual Certificate by such Person may cause any Trust REMIC or any Person
having an Ownership Interest in any Class of Certificates (other than such
Person) to incur a liability for any federal tax imposed under the Code that
would not otherwise be imposed but for the Transfer of an Ownership Interest
in
a Residual Certificate to such Person. The terms “United States,” “State” and
“international organization” shall have the meanings set forth in
Section 7701 of the Code or successor provisions.
“Distribution
Account”: The trust account or accounts created and maintained by the Trust
Administrator pursuant to Section 3A.11 which shall be entitled “Xxxxx
Fargo Bank, N.A. as Trust Administrator, in trust for the registered holders
of
MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through
Certificates, Series 2006-HE1—Distribution Account.” The Distribution Account
must be an Eligible Account.
“Distribution
Date”: The 25th
day of
any month, or if such 25th
day is
not a Business Day, the Business Day immediately following such 25th
day,
commencing in March 2006.
“Due
Date”: With respect to each Distribution Date, the first day of the calendar
month in which such Distribution Date occurs, which is generally the day of
the
month on which the Monthly Payment is due on a Mortgage Loan, exclusive of
any
days of grace.
“Due
Period”: With respect to any Distribution Date, the period commencing on the
second day of the month immediately preceding the month in which such
Distribution Date occurs and ending on the related Due Date.
“Eligible
Account”: Any of (i) an account or accounts maintained with a federal or state
chartered depository institution or trust company the short-term unsecured
debt
obligations of which (or, in the case of a depository institution or trust
company that is the principal subsidiary of a holding company, the short-term
unsecured debt obligations of such holding company) are rated P-1 by Xxxxx’x or
A-1+ by S&P (or comparable ratings if Xxxxx’x and S&P are not the Rating
Agencies) at the time any amounts are held on deposit therein, (ii) with respect
to any escrow account, an account or accounts the deposits in which are fully
insured by the FDIC (to the limits established by such corporation), the
uninsured deposits in which account are otherwise secured such that, as
evidenced by an Opinion of Counsel delivered to the NIMS Insurer, the Trust
Administrator, the Trustee and to each Rating Agency, the Certificateholders
will have a claim with respect to the funds in such account or a perfected
first
priority security interest against such collateral (which shall be limited
to
Permitted Investments) securing such funds that is superior to claims of any
other depositors or creditors of the depository institution with which such
account is maintained, (iii) a trust account or accounts maintained with the
trust department of a federal or state chartered depository institution,
national banking association or trust company acting in its fiduciary capacity
or (iv) an account otherwise acceptable to the NIMS Insurer and to each Rating
Agency without reduction or withdrawal of their then current ratings of the
Certificates as evidenced by a letter from each Rating Agency to the Trust
Administrator, the Trustee and the NIMS Insurer. Eligible Accounts may bear
interest.
“ERISA”:
The Employee Retirement Income Security Act of 1974, as amended.
“Estate
in Real Property”: A fee simple estate in a parcel of land.
“Excess
Overcollateralized Amount”: With respect to the Class A Certificates and the
Mezzanine Certificates and any Distribution Date, the excess, if any, of (i)
the
Overcollateralized Amount for such Distribution Date, assuming that 100% of
the
Principal Remittance Amount is applied as a principal distribution on such
Distribution Date over (ii) the Overcollateralization Target Amount for such
Distribution Date.
“Exchange
Act”: The Securities Exchange Act of 1934, as amended, and the rules and
regulations thereunder.
“Extra
Principal Distribution Amount”: With respect to any Distribution Date, the
lesser of (x) the sum of (i) Monthly Interest Distributable Amount payable
on
the Class CE Certificates on such Distribution Date as reduced by Realized
Losses allocated thereto with respect to such Distribution Date pursuant to
Section 4.04 and (ii) any amounts received under the Interest Rate Swap
Agreements or the Cap Contract for this purpose and (y) the
Overcollateralization Deficiency Amount for such Distribution Date.
“Extraordinary
Trust Fund Expense”: Any amounts reimbursable to the Master Servicer pursuant to
Section 3A.03 or Section 6.03, to the Servicers, the Trustee or the
Trust Administrator, or any director, officer, employee or agent of the Trustee
or the Trust Administrator from the Trust Fund pursuant to Section 6.03,
Section 8.05 or Section 10.01(c) and any amounts payable from the
Distribution Account in respect of taxes pursuant to
Section 10.01(g)(iii).
“Xxxxxx
Xxx”: Xxxxxx Xxx, formally known as the Federal National Mortgage Association,
or any successor thereto.
“FDIC”:
Federal Deposit Insurance Corporation or any successor thereto.
“Final
Recovery Determination”: With respect to any defaulted Mortgage Loan or any REO
Property (other than a Mortgage Loan or REO Property purchased or repurchased
by
an Originator, the Seller, the Depositor, either Servicer or the NIMS Insurer
pursuant to or as contemplated by Section 2.03, Section 3.16(c) or Section
9.01), a determination made by the related Servicer that all Insurance Proceeds,
Liquidation Proceeds and other payments or recoveries which such Servicer,
in
its reasonable good faith judgment, expects to be finally recoverable in respect
thereof have been so recovered. Each Servicer shall maintain records, prepared
by a Servicing Officer, of each Final Recovery Determination made thereby.
“Fixed-Rate
Mortgage Loans”: Each of the Mortgage Loans identified in the Mortgage Loan
Schedule whose Mortgage Rates remain fixed for the life of the Mortgage Loan.
“Fixed
Swap Payment”: With respect to any Distribution Date, a fixed amount equal to
the related amount set forth in the related Interest Rate Swap
Agreement.
“Floating
Swap Payment”: With respect to any Distribution Date, a floating amount equal to
the product of (i) one-month LIBOR (as determined pursuant to the related
Interest Rate Swap Agreement for such Distribution Date), (ii) the related
Base
Calculation Amount (as defined in the related Interest Rate Swap Agreement),
(iii) 250 and (iv) a fraction, the numerator of which is the actual number
of
days elapsed from and including the previous Distribution Date to but excluding
the current Distribution Date (or, for the first Distribution Date, the actual
number of days elapsed from the Closing Date to but excluding the first
Distribution Date), and the denominator of which is 360.
“Form
8-K
Disclosure Information”: The meaning set forth in Section
4.06(a)(iii).
“Formula
Rate”: For any Distribution Date and the Class A Certificates and the Mezzanine
Certificates, the lesser of (i) One-Month LIBOR plus the related Certificate
Margin and (ii) the Maximum Cap Rate.
“Xxxxxxx
Mac”: Xxxxxxx Mac, formally known as the Federal Home Loan Mortgage Corporation,
or any successor thereto.
“Gross
Margin”: With respect to each Adjustable-Rate Mortgage Loan, the fixed
percentage set forth in the related Mortgage Note that is added to the Index
on
each Adjustment Date in accordance with the terms of the related Mortgage Note
used to determine the Mortgage Rate for such Adjustable-Rate Mortgage
Loan.
“Highest
Priority”: As of any date of determination, the Class of Mezzanine Certificates
then outstanding with a Certificate Principal Balance greater than zero, with
the highest priority for payments pursuant to Section 4.01, in the
following order: Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class
M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11
Certificates.
“Indenture”:
An indenture relating to the issuance of notes secured by the Class CE
Certificates, the Class P Certificates, the Class R Certificates and/or the
Class R-X Certificates (or any portion thereof) which may or may not be
guaranteed by the NIMS Insurer.
“Independent”:
When
used
with respect to any accountants, a Person who is “independent” within the
meaning of Rule 2-01(B) of the Securities and Exchange Commission’s Regulation
S-X. Independent means, when used with respect to any other Person, a Person
who
(A) is in fact independent of another specified Person and any affiliate of
such
other Person, (B) does not have any material direct or indirect financial
interest in such other Person or any affiliate of such other Person, (C) is
not
connected with such other Person or any affiliate of such other Person as an
officer, employee, promoter, underwriter, trustee, partner, director or Person
performing similar functions and (D) is not a member of the immediate family
of
a Person defined in clause (B) or (C) above.
“Independent
Contractor”: Either (i) any Person (other than a Servicer or the Master
Servicer) that would be an “independent contractor” with respect to REMIC I
within the meaning of Section 856(d)(3) of the Code if REMIC I were a real
estate investment trust (except that the ownership tests set forth in that
section shall be considered to be met by any Person that owns, directly or
indirectly, 35% or more of any Class of Certificates), so long as REMIC I does
not receive or derive any income from such Person and provided that the
relationship between such Person and REMIC I is at arm’s length, all within the
meaning of Treasury Regulation Section 1.856-4(b)(5), or (ii) any other
Person (including each Servicer and the Master Servicer) if the Trust
Administrator has received an Opinion of Counsel for the benefit of the Trustee
and the Trust Administrator to the effect that the taking of any action in
respect of any REO Property by such Person, subject to any conditions therein
specified, that is otherwise herein contemplated to be taken by an Independent
Contractor will not cause such REO Property to cease to qualify as “foreclosure
property” within the meaning of Section 860G(a)(8) of the Code (determined
without regard to the exception applicable for purposes of Section 860D(a)
of the Code), or cause any income realized in respect of such REO Property
to
fail to qualify as Rents from Real Property.
“Index”:
With respect to each Adjustable Rate Mortgage Loan and with respect to each
related Adjustment Date, the index as specified in the related Mortgage
Note.
“Insurance
Proceeds”: Proceeds of any title policy, hazard policy or other insurance
policy, covering a Mortgage Loan to the extent such proceeds are not to be
applied to the restoration of the related Mortgaged Property or released to
the
Mortgagor in accordance with the procedures that the related Servicer would
follow in servicing mortgage loans held for its own account, subject to the
terms and conditions of the related Mortgage Note and Mortgage.
“Interest
Determination Date”: With respect to the Class A Certificates, the Mezzanine
Certificates, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest
II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4,
REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC
II
Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular
Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest
II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9,
REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 and
any Accrual Period therefor, the second London Business Day preceding the
commencement of such Accrual Period.
“Interest
Rate Swap Agreements”: Each of the 1992 ISDA Master Agreements
(Multicurrency-Cross Border) dated as of February 27, 2006 (together with the
schedule thereto, the “Master Agreements”) between Bear Xxxxxx Financial
Products Inc. or UBS AG, as applicable, and the Trust Administrator (in its
capacity as Supplemental Interest Trust Trustee) and a related confirmation
of
the same date, which supplements and forms part of the related Master Agreement.
“Interest
Remittance Amount”: With respect to any Distribution Date, that portion of the
Available Funds for such Distribution Date attributable to interest received
or
advanced with respect to the Mortgage Loans.
“JPMorgan”:
JPMorgan Chase Bank, National Association.
“JPMorgan
Mortgage Loans”: The Mortgage Loans serviced by JPMorgan.
“JPMorgan
Servicing Standard”: The servicing and administration of the JPMorgan Mortgage
Loans (a) in the same manner in which, and with the same care, skill, prudence
and diligence with which, JPMorgan services and administers similar mortgage
loans with similar mortgagors (i) for other third-parties, giving due
consideration to customary and usual standards of practice of prudent
institutional residential mortgage lenders servicing their own loans or (ii)
held in JPMorgan’s own portfolio, whichever standard is higher, and, in either
case, giving due consideration to customary and usual standards or practice
of
mortgage lenders and loan servicers servicing and administering similar mortgage
loans, (b) with a view to the maximization of the recovery of the JPMorgan
Mortgage Loans on a net present value basis and the best interests of the
Certificateholders, (c) without regard to (i) any relationship that JPMorgan
or
any Affiliate may have with the related Mortgagor or any other party to the
transaction; (ii) the right of JPMorgan to receive compensation or other fees
for its services rendered pursuant to this Agreement; (iii) the obligation
of
JPMorgan to make Servicing Advances; (iv) the ownership, servicing or management
by JPMorgan or any Affiliate thereof for others of any other mortgage loans
or
mortgage properties; and (v) any debt that JPMorgan or any Affiliate of JPMorgan
has extended to any Mortgagor or any Affiliate of such Mortgagor and (d) in
accordance with all applicable state, local and federal laws, rules and
regulations.
“Late
Collections”: With respect to any Mortgage Loan and any Due Period, all amounts
received by the related Servicer subsequent to the Determination Date
immediately following such Due Period, whether as late payments of Monthly
Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which
represent late payments or collections of principal and/or interest due (without
regard to any acceleration of payments under the related Mortgage and Mortgage
Note) but delinquent for such Due Period and not previously
recovered.
“Liquidated
Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of
which the related Servicer has determined, in its reasonable judgment, as of
the
end of the related Prepayment Period, that all Liquidation Proceeds which it
expects to recover with respect to the liquidation of the Mortgage Loan or
disposition of the related REO Property have been recovered.
“Liquidation
Event”: With respect to any Mortgage Loan, any of the following events: (i) such
Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made
as to
such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by
reason of its being purchased, repurchased or replaced pursuant to or as
contemplated by Section 2.03, Section 3.16(c) or Section 9.01. With respect
to
any REO Property, either of the following events: (i) a Final Recovery
Determination is made as to such REO Property; or (ii) such REO Property is
removed from REMIC I by reason of its being purchased pursuant to Section 9.01.
“Liquidation
Proceeds”: The amount (other than amounts received in respect of the rental of
any REO Property prior to REO Disposition) received by the related Servicer
in
connection with (i) the taking of all or a part of a Mortgaged Property by
exercise of the power of eminent domain or condemnation, (ii) the liquidation
of
a defaulted Mortgage Loan through a trustee’s sale, foreclosure sale or
otherwise, or (iii) the purchase, repurchase or substitution of a Mortgage
Loan
or an REO Property pursuant to or as contemplated by Section 2.03, Section
3.16(c) or Section 9.01.
“Loan-to-Value
Ratio”: As of any date of determination, the fraction, expressed as a
percentage, the numerator of which is the principal balance of the related
Mortgage Loan at such date and the denominator of which is the Value of the
related Mortgaged Property.
“London
Business Day”: Any day on which banks in the City of London and New York are
open and conducting transactions in United States dollars.
“Loss
Severity Percentage”: With respect to any Distribution Date, the percentage
equivalent of a fraction, the numerator of which is the amount of Realized
Losses incurred on a Mortgage Loan and the denominator of which is the principal
balance of such Mortgage Loan immediately prior to the liquidation of such
Mortgage Loan.
“Marker
Rate”: With respect to the Class CE Interest and any Distribution Date, a per
annum rate equal to two (2) times the weighted average of the REMIC II
Remittance Rate for each of REMIC II Regular Interests XX-XXX0, XX-XXX0,
XX-XXX0,
XX-XXX0, II-LTM1, II-LTM2, II-LTM3, II-LTM4, II-LTM5, II-LTM6, II-LTM7, II-LTM8,
II-LTM9, II-LTM10, II-LTM11 and II-LTZZ, with the rate on each such REMIC II
Regular Interest (other than REMIC II Regular Interest II-LTZZ) subject to
a cap
equal to the lesser of (a) One-Month LIBOR plus the related Certificate Margin
and (b) the Net WAC Rate for the purpose of this calculation and with the rate
on REMIC II Regular Interest II-LTZZ subject to a cap of zero for the purpose
of
this calculation; provided, however, that solely for this purpose, calculations
of the REMIC II Remittance Rate and the related caps with respect to such REMIC
II Regular Interests (other than REMIC II Regular Interest II-LTZZ) shall be
multiplied by a fraction, the numerator of which is the actual number of days
elapsed in the related Accrual Period and the denominator of which is
30.
“Master
Agreement”: Each of the Master Mortgage Loan Purchase and Interim Servicing
Agreements between the Seller and the related Originator, as amended (which
agreements have been assigned to the Depositor pursuant to the related
Assignment Agreement).
“Master
Servicer”: As of the Closing Date, Xxxxx Fargo Bank, N.A. and thereafter, its
respective successors in interest who meet the qualifications of the Master
Servicer under this Agreement. The Master Servicer and the Trust Administrator
shall at all times be the same Person.
“Master
Servicer Event of Termination”: One or more of the events described in
Section 7.01(b).
“Master
Servicing Compensation”: The meaning specified in
Section 3A.14.
“Master
Servicing Fee”: With respect to each Mortgage Loan, the amount of the annual fee
paid to the Master Servicer, which shall, for a period of one full month, be
equal to one-twelfth of the product of (a) the Master Servicing Fee Rate
(without regard to the words “per annum”) and (b) the outstanding principal
balance of such Mortgage Loan. Such fee shall be payable monthly, computed
on
the basis of the same principal amount and period respecting which any related
interest payment on a Mortgage Loan is received. The obligation for payment
of
the Master Servicing Fee is limited to, and the Master Servicing Fee is payable
solely from, the interest portion (including recoveries with respect to interest
from Liquidation Proceeds) of such Monthly Payment collected by the
Servicers.
“Master
Servicing Fee Rate”: With respect to each Mortgage Loan, the rate of 0.005% per
annum.
“Master
Servicing Transfer Costs”: Shall mean all reasonable out-of-pocket costs and
expenses incurred by the Trustee in connection with the transfer of master
servicing from a predecessor master servicer, including, without limitation,
any
reasonable costs or expenses associated with the complete transfer of all
servicing data and master servicing data and the completion, correction or
manipulation of such servicing data as may be required by the Trustee to correct
any errors or insufficiencies in the servicing data or otherwise to enable
the
Trustee to master service the Mortgage Loans properly and
effectively.
“Maximum
Cap Rate”: For any Distribution Date with respect to the Class A Certificates
and the Mezzanine Certificates, a per annum rate equal to the sum of (i) the
product of (x) the weighted average of the Adjusted Net Maximum Mortgage Rates
of the Mortgage Loans, weighted based on their outstanding Stated Principal
Balances as of the first day of the calendar month preceding the month in which
the Distribution Date occurs and (y) a fraction, the numerator of which is
30
and the denominator of which is the actual number of days elapsed in the related
Accrual Period and (ii) an amount, expressed as a percentage, equal to a
fraction, the numerator of which is equal to the related Net Swap Payment made
by the related Swap Provider and the denominator of which is equal to the
aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12
minus
(a) an amount, expressed as a percentage, equal to the product of (i) the
related Net Swap Payment, if any, paid by the Trust for such Distribution Date
divided by the aggregate Stated Principal Balance of the Mortgage Loans and
(ii)
12 and (b) an amount, expressed as a percentage, equal to the product of (i)
a
Swap Termination Payment, if any, due from the Trust (other than any Swap
Termination Payment resulting from a Swap Provider Trigger Event) for such
Distribution Date, divided by the aggregate Stated Principal Balance of the
Mortgage Loans and (ii) 12.
“Maximum
II-LTZZ Uncertificated Interest Deferral Amount”: With respect to any
Distribution Date, the excess of (i) accrued interest at the REMIC II Remittance
Rate applicable to REMIC II Regular Interest II-LTZZ for such Distribution
Date
on a balance equal to the Uncertificated Balance of REMIC II Regular Interest
II-LTZZ minus the REMIC II Overcollateralization Amount, in each case for such
Distribution Date, over (ii) Uncertificated Interest on REMIC II Regular
Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest
II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1,
REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC
II
Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular
Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest
II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10,
REMIC II Regular Interest II-LTM11 for such Distribution Date, with the rate
on
each such REMIC II Regular Interest subject to a cap equal to the lesser of
(a) One-Month LIBOR plus the related Certificate Margin and (b) the Net WAC
Rate; provided, however, each cap shall be multiplied by a fraction, the
numerator of which is the actual number of days elapsed in the related Accrual
Period and the denominator of which is 30.
“Maximum
Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
percentage set forth in the related Mortgage Note as the maximum Mortgage Rate
thereunder.
“MERS”:
Mortgage Electronic Registration Systems, Inc., a corporation organized and
existing under the laws of the State of Delaware, or any successor
thereto.
“MERS®
System”: The system of recording transfers of Mortgages electronically
maintained by MERS.
“Mezzanine
Certificate”: Any Class M-1 Certificate, Class M-2 Certificate, Class M-3
Certificate, Class M-4 Certificate, Class M-5 Certificate, Class M-6
Certificate, Class M-7 Certificate, Class M-8 Certificate, Class M-9
Certificate, Class M-10 Certificate or Class M-11 Certificate.
“MIN”:
The Mortgage Identification Number for Mortgage Loans registered with MERS
on
the MERS® System.
“Minimum
Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
percentage set forth in the related Mortgage Note as the minimum Mortgage Rate
thereunder.
“MOM
Loan”: With respect to any Mortgage Loan, MERS acting as the mortgagee of such
Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and
its successors and assigns, at the origination thereof.
“Monthly
Interest Distributable Amount”: With respect to the Class A Certificates, the
Mezzanine Certificates and the Class CE Certificates and any Distribution Date,
the amount of interest accrued during the related Accrual Period at the related
Pass-Through Rate on the Certificate Principal Balance (or Notional Amount
in
the case of the Class CE Certificates) of such Class immediately prior to such
Distribution Date, reduced (to not less than zero) by any Prepayment Interest
Shortfalls (to the extent not covered by payments made by the related Servicer
or the Master Servicer) and Relief Act Interest Shortfalls (allocated to each
such Certificate based on its respective entitlements to interest irrespective
of any Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for
such Distribution Date).
“Monthly
Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of
principal and interest on such Mortgage Loan which is payable by the related
Mortgagor from time to time under the related Mortgage Note, determined: (a)
after giving effect to (i) any Deficient Valuation and/or Debt Service Reduction
with respect to such Mortgage Loan and (ii) any reduction in the amount of
interest collectible from the related Mortgagor pursuant to the Relief Act;
(b)
without giving effect to any extension granted or agreed to by the related
Servicer pursuant to Section 3.07 and (c) on the assumption that all other
amounts, if any, due under such Mortgage Loan are paid when due.
“Monthly
Statement”: The statement prepared by the Trust Administrator pursuant to
Section 4.02.
“Moody’s”:
Xxxxx’x Investors Service, Inc. or its successor in interest.
“Mortgage”:
The mortgage, deed of trust or other instrument creating a first or second
lien
on, or first or second priority security interest in, a Mortgaged Property
securing a Mortgage Note.
“Mortgage
File”: The mortgage documents listed in Section 2.01 pertaining to a
particular Mortgage Loan and any additional documents required to be added
to
the Mortgage File pursuant to this Agreement.
“Mortgage
Loan”: Any Adjustable-Rate Mortgage Loan or Fixed-Rate Mortgage Loan transferred
and assigned to the Trustee and delivered to the Trustee pursuant to Section
2.01 or Section 2.03(b) of this Agreement as held from time to time as a part
of
the Trust, the Mortgage Loans so held being identified in the Mortgage Loan
Schedule.
“Mortgage
Loan Schedule”: As of any date, the list of Mortgage Loans included in REMIC I
on such date, attached hereto as Schedule 1. The Mortgage Loan Schedule shall
set forth the following information with respect to each Mortgage
Loan:
(i) the
Mortgage Loan identifying number;
(ii) [reserved];
(iii) the
state
and zip code of the Mortgaged Property;
(iv) a
code
indicating whether the Mortgaged Property was represented by the borrower,
at
the time of origination, as being owner-occupied;
(v) the
type
of Residential Dwelling constituting the Mortgaged Property;
(vi) the
original months to maturity;
(vii) the
stated remaining months to maturity from the Cut-off Date based on the original
amortization schedule;
(viii) the
Loan-to-Value Ratio at origination;
(ix) the
Mortgage Rate in effect immediately following the Cut-off Date;
(x) the
date
on which the first Monthly Payment was due on the Mortgage Loan;
(xi) the
stated maturity date;
(xii) the
amount of the Monthly Payment at origination;
(xiii) the
amount of the Monthly Payment due on the first Due Date after the Cut-off
Date;
(xiv) the
last
Due Date on which a Monthly Payment was actually applied to the unpaid Stated
Principal Balance;
(xv) the
original principal amount of the Mortgage Loan;
(xvi) the
Stated Principal Balance of the Mortgage Loan as of the close of business on
the
Cut-off Date;
(xvii) a
code
indicating the purpose of the Mortgage Loan (i.e.,
purchase financing, rate/term refinancing, cash-out refinancing);
(xviii) the
Mortgage Rate at origination;
(xix) a
code
indicating the documentation program (i.e.,
full
documentation, limited documentation, stated income documentation);
(xx) the
risk
grade assigned by the related Originator;
(xxi) the
Value
of the Mortgaged Property;
(xxii) the
sale
price of the Mortgaged Property, if applicable;
(xxiii) the
actual unpaid principal balance of the Mortgage Loan as of the Cut-off
Date;
(xxiv) the
type
and term of the related Prepayment Charge;
(xxv) the
rounding code;
(xxvi) the
program code;
(xxvii) a
code
indicating the lien priority for Mortgage Loans;
(xxviii)
with
respect to each Adjustable Rate Mortgage Loan, the Minimum Mortgage Rate, the
Maximum Mortgage Rate, the Gross Margin, the next Adjustment Date and the
Periodic Rate Cap;
(xxix) the
credit score (“FICO”) of such Mortgage Loan; and
(xxx) the
total
amount of points and fees charged such Mortgage Loan.
The
Mortgage Loan Schedule shall set forth the following information with respect
to
the Mortgage Loans in the aggregate as of the Cut-off Date: (1) the number
of
Mortgage Loans (separately identifying the number of Fixed-Rate Mortgage Loans
and the number of Adjustable-Rate Mortgage Loans); (2) the current Stated
Principal Balance of the Mortgage Loans; (3) the weighted average Mortgage
Rate
of the Mortgage Loans and (4) the weighted average maturity of the Mortgage
Loans. The Mortgage Loan Schedule shall be amended from time to time by the
Depositor in accordance with the provisions of this Agreement. With respect
to
any Qualified Substitute Mortgage Loan, the Cut-off Date shall refer to the
related Cut-off Date for such Mortgage Loan, determined in accordance with
the
definition of Cut-off Date herein.
“Mortgage
Note”: The original executed note or other evidence of the indebtedness of a
Mortgagor under a Mortgage Loan.
“Mortgage
Pool”: The pool of Mortgage Loans, identified on the Mortgage Loan Schedule and
existing from time to time thereafter, and any REO Properties acquired in
respect thereof.
“Mortgage
Rate”: With respect to each Mortgage Loan, the annual rate at which interest
accrues on such Mortgage Loan from time to time in accordance with the
provisions of the related Mortgage Note, which rate with respect to the
Adjustable-Rate Mortgage Loans, (A) as of any date of determination until the
first Adjustment Date following the Cut-off Date shall be the rate set forth
in
the Mortgage Loan Schedule as the Mortgage Rate in effect immediately following
the Cut-off Date and (B) as of any date of determination thereafter shall be
the
rate as adjusted on the most recent Adjustment Date equal to the sum, rounded
to
the nearest or next highest 0.125% as provided in the Mortgage Note, of the
Index, as most recently available as of a date prior to the Adjustment Date
as
set forth in the related Mortgage Note, plus the related Gross Margin; provided
that the Mortgage Rate on such Adjustable-Rate Mortgage Loan on any Adjustment
Date shall never be more than the lesser of (i) the sum of the Mortgage Rate
in
effect immediately prior to the Adjustment Date plus the related Periodic Rate
Cap, if any, and (ii) the related Maximum Mortgage Rate, and shall never be
less
than the greater of (i) the Mortgage Rate in effect immediately prior to the
Adjustment Date less the Periodic Rate Cap, if any, and (ii) the related Minimum
Mortgage Rate. With respect to each Mortgage Loan that becomes an REO Property,
as of any date of determination, the annual rate determined in accordance with
the immediately preceding sentence as of the date such Mortgage Loan became
an
REO Property.
“Mortgaged
Property”: The underlying property securing a Mortgage Loan, including any REO
Property, consisting of an Estate in Real Property improved by a Residential
Dwelling.
“Mortgagor”:
The obligor on a Mortgage Note.
“Net
Liquidation Proceeds”: With respect to any Liquidated Mortgage Loan or any other
disposition of the related Mortgaged Property (including REO Property) the
related Liquidation Proceeds and Insurance Proceeds net of Advances, Servicing
Advances, Servicing Fees and any other accrued and unpaid servicing fees
received and retained in connection with the liquidation of such Mortgage Loan
or related Mortgaged Property.
“Net
Monthly Excess Cashflow”: With respect to each Distribution Date, the sum of (a)
any Overcollateralization Release Amount for such Distribution Date and (b)
the
excess of (x) Available Funds for such Distribution Date over (y) the sum for
such Distribution Date of (A) the Monthly Interest Distributable Amounts for
the
Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest
Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance
Amount.
“Net
Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property)
as of any date of determination, a per annum rate of interest equal to the
then
applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate
and
the Master Servicing Fee Rate.
“Net
Swap
Payment”: In the case of payments made by the Trust, the excess, if any, of (x)
the related Fixed Swap Payment over (y) the related Floating Swap Payment and
in
the case of payments made by either Swap Provider, the excess, if any, of (x)
the related Floating Swap Payment over (y) the related Fixed Swap Payment.
In
each case, the Net Swap Payment shall not be less than zero.
“Net
WAC
Rate”: For any Distribution Date with respect to the Class A Certificates and
the Mezzanine Certificates, a per annum rate equal to the product of (a)(i)
the
weighted average of the Adjusted Net Mortgage Rates of the Mortgage Loans,
weighted based on their outstanding Stated Principal Balances as of the first
day of the calendar month preceding the month in which the Distribution Date
occurs minus
(ii) an amount, expressed as a percentage, equal to the product of (x) each
Net
Swap Payment, if any, paid by the Trust for such Distribution Date divided
by
the aggregate Stated Principal Balance of the Mortgage Loans as of the first
day
of the calendar month preceding the month in which the Distribution Date occurs
and (y) 12 and (iii) an amount, expressed as a percentage, equal to the product
of (x) a Swap Termination Payment, if any, due from the Trust (other than any
Swap Termination Payment resulting from a Swap Provider Trigger Event) for
such
Distribution Date divided by the aggregate Stated Principal Balance of the
Mortgage Loans as of the first day of the calendar month preceding the month
in
which the Distribution Date occurs and (y) 12
and (b)
a fraction, the numerator of which is 30 and the denominator of which is the
actual number of days elapsed in the related Accrual Period. For federal income
tax purposes, for any Distribution Date with respect to the REMIC III Regular
Interests the ownership of which is represented by the Regular Certificates
(other than the Class CE Certificates or Class P Certificates), the equivalent
of the foregoing shall be expressed as the product of (a) weighted average
of
the REMIC II Remittance Rate on the REMIC II Regular Interests (other than
REMIC
II Regular Interest II-LTIO-1 and REMIC II Regular Interest II-LTIO-2), weighted
on the basis of the Uncertificated Balance of each such REMIC II Regular
Interest and (b) a fraction, the numerator of which is 30 and the denominator
of
which is the actual number of days elapsed in the related Accrual
Period.
“Net
WAC
Rate Carryover Amount”: With respect to the Class A Certificates and the
Mezzanine Certificates and any Distribution Date, the sum of (A) the positive
excess of (i) the amount of interest accrued on such Class of Certificates
on
such Distribution Date calculated at the related Formula Rate, over (ii) the
amount of interest accrued on such Class of Certificates at the Net WAC Rate
for
such Distribution Date and (B) the Net WAC Rate Carryover Amount for the
previous Distribution Date not previously paid, together with interest thereon
at a rate equal to the Formula Rate for such Class of Certificates for such
Distribution Date and for such Accrual Period.
“Net
WAC
Rate Carryover Reserve Account”: The account established and maintained pursuant
to Section 4.07.
“New
Lease”: Any lease of REO Property entered into on behalf of REMIC I, including
any lease renewed or extended on behalf of REMIC I, if REMIC I has the right
to
renegotiate the terms of such lease.
“NIMS
Insurer”: Any insurer that is guaranteeing certain payments under notes secured
by collateral which includes all or a portion of the Class CE Certificates,
the
Class P Certificates, the Class R Certificates and/or the Class R-X
Certificates.
“Nonrecoverable
Advance”: Any Advance previously made or proposed to be made in respect of a
Mortgage Loan or REO Property that, in the good faith business judgment of
the
related Servicer (or, with respect to JPMorgan, in accordance with the JPMorgan
Servicing Standard) or the Master Servicer, as applicable, will not or, in
the
case of a proposed Advance, would not be ultimately recoverable from related
Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage
Loan or REO Property as provided herein.
“Nonrecoverable
Servicing Advance”: Any Servicing Advance previously made or proposed to be made
in respect of a Mortgage Loan or REO Property that, in the good faith business
judgment of the related Servicer (or, with respect to JPMorgan, in accordance
with the JPMorgan Servicing Standard), will not or, in the case of a proposed
Servicing Advance, would not be ultimately recoverable from related Late
Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan
or
REO Property as provided herein.
“Non-United
States Person”: Any Person other than a United States Person.
“Notional
Amount”: With respect to the Class CE Interest and any Distribution Date, the
aggregate Uncertificated Balance of the REMIC II Regular Interests (other than
REMIC II Regular Interest II-LTP) for such Distribution Date.
“Officer’s
Certificate”: A certificate signed by the Chairman of the Board, the Vice
Chairman of the Board, the President or a vice president (however denominated),
and by the Treasurer, the Secretary, or one of the assistant treasurers or
assistant secretaries of a Servicer, the Master Servicer, an Originator, the
Seller or the Depositor, as applicable.
“One-Month
LIBOR”: With respect to the Class A Certificates, the Mezzanine Certificates,
REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2,
REMIC
II
Regular Interest II-LTA3,
REMIC
II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular
Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest
II-LTM4, REMIC II Regular Interest II-LTM5, REMIC
II
Regular Interest II-LTM6,
REMIC
II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular
Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular
Interest II-LTM11 and any Accrual Period therefor, the rate determined by the
Trust Administrator on the related Interest Determination Date on the basis
of
the offered rate for one-month U.S. dollar deposits, as such rate appears on
Telerate Page 3750 as of 11:00 a.m. (London time) on such Interest Determination
Date; provided that if such rate does not appear on Telerate Page 3750, the
rate
for such date will be determined on the basis of the offered rates of the
Reference Banks for one-month U.S. dollar deposits, as of 11:00 a.m. (London
time) on such Interest Determination Date. In such event, the Trust
Administrator will request the principal London office of each of the Reference
Banks to provide a quotation of its rate. If on such Interest Determination
Date, two or more Reference Banks provide such offered quotations, One-Month
LIBOR for the related Accrual Period shall be the arithmetic mean of such
offered quotations (rounded upwards if necessary to the nearest whole multiple
of 1/16%). If on such Interest Determination Date, fewer than two Reference
Banks provide such offered quotations, One-Month LIBOR for the related Accrual
Period shall be the higher of (i) One-Month LIBOR as determined on the previous
Interest Determination Date and (ii) the Reserve Interest Rate. Notwithstanding
the foregoing, if, under the priorities described above, One-Month LIBOR for
an
Interest Determination Date would be based on One-Month LIBOR for the previous
Interest Determination Date for the third consecutive Interest Determination
Date, the Trust Administrator shall select, after consultation with the NIMS
Insurer, an alternative comparable index (over which the Trust Administrator
has
no control), used for determining one-month Eurodollar lending rates that is
calculated and published (or otherwise made available) by an independent
party.
“Opinion
of Counsel”: A written opinion of counsel, who may, without limitation, be
salaried counsel for the Depositor, the Seller, either Servicer or the Master
Servicer, acceptable to the Trustee, if such opinion is delivered to the
Trustee, or acceptable to the Trust Administrator, if such opinion is delivered
to the Trust Administrator, except that any opinion of counsel relating to
(a)
the qualification of any Trust REMIC as a REMIC or (b) compliance with the
REMIC
Provisions must be an opinion of Independent counsel.
“Original
Mortgage Loan”: Any of the Mortgage Loans included in REMIC I as of the Closing
Date.
“Originator”:
Fremont Investment & Loan, Novelle Financial Services, Inc., First Street
Financial, Inc., DreamHouse Mortgage Corp., Equity Financial Inc. and National
City Mortgage Co.
“Originator
Prepayment Charge Payment Amount”: The amounts payable by the Originator in
respect of any waived Prepayment Charges pursuant to Section 3.01.
“Overcollateralization
Deficiency Amount”: With respect to any Distribution Date, the amount, if any,
by which the Overcollateralization Target Amount exceeds the Overcollateralized
Amount on such Distribution Date (after giving effect to distributions in
respect of the Principal Remittance Amount on such Distribution Date).
“Overcollateralization
Release Amount”: With respect to any Distribution Date, the lesser of (x) the
Principal Remittance Amount for such Distribution Date and (y) the Excess
Overcollateralized Amount.
“Overcollateralization
Target Amount”: With respect to any Distribution Date, (i) 2.75%
of the
Cut-off Date Principal Balance of the Mortgage Loans, (ii) on or after the
Stepdown Date provided that a Trigger Event is not in effect, the greater of
(x)
5.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of
the
last day of the related Due Period (after giving effect to scheduled payments
of
principal due during the related Due Period, to the extent received or advanced,
and unscheduled collections of principal received during the related Prepayment
Period) and (y) an amount equal to approximately 0.50% of the aggregate Stated
Principal Balance of the Mortgage Loans as of the Cut-off Date, or (iii) on
or
after the Stepdown Date if a Trigger Event is in effect, the
Overcollateralization Target Amount for the immediately preceding Distribution
Date. On and after any Distribution Date following the reduction of the
aggregate Certificate Principal Balance of the Class A Certificates and the
Mezzanine Certificates to zero, the Overcollateralization Target Amount shall
be
zero.
“Overcollateralized
Amount”: For any Distribution Date, the amount equal to (i) the aggregate Stated
Principal Balance of the Mortgage Loans as of the last day of the related Due
Period (after giving effect to scheduled payments of principal due during the
related Due Period, to the extent received or advanced, and unscheduled
collections of principal received during the related Prepayment Period) as
of
the related Determination Date minus (ii) the aggregate Certificate Principal
Balance of the Class A Certificates, the Mezzanine Certificates and the Class
P
Certificates as of such Distribution Date after giving effect to distributions
to be made on such Distribution Date.
“Ownership
Interest”: As to any Certificate, any ownership or security interest in such
Certificate, including any interest in such Certificate as the Holder thereof
and any other interest therein, whether direct or indirect, legal or beneficial,
as owner or as pledgee.
“Pass-Through
Rate”: With respect to the Class A Certificates and the Mezzanine Certificates
and any Distribution Date, a rate per annum equal to the lesser of (i) the
related Formula Rate for such Distribution Date and (ii) the Net WAC Rate for
such Distribution Date.
With
respect to the Class CE Interest and any Distribution Date, a rate per annum
equal to the percentage equivalent of a fraction, the numerator of which is
(x)
the sum of (i) 100% of the interest on REMIC II Regular Interest II-LTP and
(ii)
interest on the Uncertificated Balance of each REMIC II Regular Interest listed
in clause (y) at a rate equal to the related REMIC II Remittance Rate minus
the
Marker Rate and the denominator of which is (y) the aggregate Uncertificated
Balance of REMIC II Regular Interests II-XXXX, XX-XXX0, XX-XXX0, XX-XXX0,
XX-XXX0, II-LTM1,
II-LTM2, II-LTM3, II-LTM4, II-LTM5, II-LTM6, II-LTM7, II-LTM8, II-LTM9,
II-LTM10, II-LTM11 and II-LTZZ.
With
respect to the Class CE Certificates, 100% of the interest distributable to
the
Class CE Interest, expressed as a per annum rate.
With
respect to the Class SWAP-IO-1 Interest, the Class SWAP-IO-1 Interest shall
not
have a Pass-Through Rate, but interest for such Regular Interest and each
Distribution Date shall be an amount equal to 100% of the amounts distributable
to REMIC II Regular Interest II-LTIO-1 for such Distribution Date.
With
respect to the Class SWAP-IO-2 Interest, the Class SWAP-IO-2 Interest shall
not
have a Pass-Through Rate, but interest for such Regular Interest and each
Distribution Date shall be an amount equal to 100% of the amounts distributable
to REMIC II Regular Interest II-LTIO-2 for such Distribution Date.
“Percentage
Interest”: With respect to any Class of Certificates (other than the Residual
Certificates), the undivided percentage ownership in such Class evidenced by
such Certificate, expressed as a percentage, the numerator of which is the
initial Certificate Principal Balance or Notional Amount represented by such
Certificate and the denominator of which is the aggregate initial Certificate
Principal Balance or Notional Amount of all of the Certificates of such Class.
The Class A Certificates and the Mezzanine Certificates are issuable only in
minimum Percentage Interests corresponding to minimum initial Certificate
Principal Balances of $25,000 and integral multiples of $1.00 in excess thereof.
The Class P Certificates are issuable only in Percentage Interests corresponding
to initial Certificate Principal Balances of $20 and integral multiples thereof.
The Class CE Certificates are issuable only in minimum Percentage Interests
corresponding to minimum initial Certificate Principal Balances of $10,000
and
integral multiples of $1.00 in excess thereof; provided, however, that a single
Certificate of each such Class of Certificates may be issued having a Percentage
Interest corresponding to the remainder of the aggregate initial Certificate
Principal Balance or Notional Amount of such Class or to an otherwise authorized
denomination for such Class plus such remainder. With respect to any Residual
Certificate, the undivided percentage ownership in such Class evidenced by
such
Certificate, as set forth on the face of such Certificate. The Residual
Certificates are issuable in Percentage Interests of 20% and multiples
thereof.
“Periodic
Rate Cap”: With respect to each Adjustable-Rate Mortgage Loan and any Adjustment
Date therefor, the fixed percentage set forth in the related Mortgage Note,
which is the maximum amount by which the Mortgage Rate for such Mortgage Loan
may increase or decrease (without regard to the Maximum Mortgage Rate or the
Minimum Mortgage Rate) on such Adjustment Date (other than the first Adjustment
Date) from the Mortgage Rate in effect immediately prior to such Adjustment
Date.
“Permitted
Investments”: Any one or more of the following obligations or securities
acquired at a purchase price of not greater than par, regardless of whether
issued or managed by the Depositor, the Servicers, the Master Servicer, the
NIMS
Insurer, the Trustee, the Trust Administrator or any of their respective
Affiliates or for which an Affiliate of the NIMS Insurer, the Trustee or the
Trust Administrator serves as an advisor:
(i) direct
obligations of, or obligations fully guaranteed as to timely payment of
principal and interest by, the United States or any agency or instrumentality
thereof, provided such obligations are backed by the full faith and credit
of
the United States;
(ii) (A)
demand and time deposits in, certificates of deposit of, bankers’ acceptances
issued by or federal funds sold by any depository institution or trust company
(including the Trustee or its agent acting in their respective commercial
capacities) incorporated under the laws of the United States of America or
any
state thereof and subject to supervision and examination by federal and/or
state
authorities, so long as, at the time of such investment or contractual
commitment providing for such investment, such depository institution or trust
company (or, if the only Rating Agency is S&P, in the case of the principal
depository institution in a depository institution holding company, debt
obligations of the depository institution holding company) or its ultimate
parent has a short-term uninsured debt rating in the highest available rating
category of Xxxxx’x and S&P and provided that each such investment has an
original maturity of no more than 365 days; and provided further that, if the
only Rating Agency is S&P and if the depository or trust company is a
principal subsidiary of a bank holding company and the debt obligations of
such
subsidiary are not separately rated, the applicable rating shall be that of
the
bank holding company; and, provided further that, if the original maturity
of
such short-term obligations of a domestic branch of a foreign depository
institution or trust company shall exceed 30 days, the short-term rating of
such
institution shall be A-1+ in the case of S&P if S&P is the Rating
Agency; and (B) any other demand or time deposit or deposit which is fully
insured by the FDIC;
(iii) repurchase
obligations with a term not to exceed 30 days with respect to any security
described in clause (i) above and entered into with a depository institution
or
trust company (acting as principal) rated A-1+ or higher by S&P and A2 or
higher by Xxxxx’x, provided, however, that collateral transferred pursuant to
such repurchase obligation must be of the type described in clause (i) above
and
must (A) be valued daily at current market prices plus accrued interest, (B)
pursuant to such valuation, be equal, at all times, to 105% of the cash
transferred by the Trustee in exchange for such collateral and (C) be delivered
to the Trustee or, if the Trustee is supplying the collateral, an agent for
the
Trustee, in such a manner as to accomplish perfection of a security interest
in
the collateral by possession of certificated securities;
(iv) securities
bearing interest or sold at a discount that are issued by any corporation
incorporated under the laws of the United States of America or any State thereof
and that are rated by a Rating Agency in its highest long-term unsecured rating
category at the time of such investment or contractual commitment providing
for
such investment;
(v) commercial
paper (including both non-interest-bearing discount obligations and
interest-bearing obligations payable on demand or on a specified date not more
than 30 days after the date of acquisition thereof) that is rated by a Rating
Agency in its highest short-term unsecured debt rating available at the time
of
such investment;
(vi) units
of
money market funds, including those managed or advised by the Trust
Administrator or its Affiliates, that have been rated “AAA” by S&P and “Aaa”
by Xxxxx’x; and
(vii) if
previously confirmed in writing to the Trustee and the Trust Administrator
and
consented to by the NIMS Insurer, any other demand, money market or time
deposit, or any other obligation, security or investment, as may be acceptable
to the Rating Agencies in writing as a permitted investment of funds backing
securities having ratings equivalent to its highest initial rating of the Class
A Certificates;
provided,
that no instrument described hereunder shall evidence either the right to
receive (a) only interest with respect to the obligations underlying such
instrument or (b) both principal and interest payments derived from obligations
underlying such instrument and the interest and principal payments with respect
to such instrument provide a yield to maturity at par greater than 120% of
the
yield to maturity at par of the underlying obligations.
“Permitted
Transferee”: Any Transferee of a Residual Certificate other than a Disqualified
Organization or Non-United States Person.
“Person”:
Any individual, corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust, unincorporated organization
or
government or any agency or political subdivision thereof.
“Plan”:
Any employee benefit plan or certain other retirement plans and arrangements,
including individual retirement accounts and annuities, Xxxxx plans and bank
collective investment funds and insurance company general or separate accounts
in which such plans, accounts or arrangements are invested, that are subject
to
ERISA or Section 4975 of the Code.
“Prepayment
Assumption”: As defined in the Prospectus Supplement.
“Prepayment
Charge”: With respect to any Mortgage and Prepayment Period, any prepayment
premium, fee, penalty or charge payable by a Mortgagor in connection with any
full or partial Principal Prepayment on a Mortgage Loan pursuant to the terms
of
the related Mortgage Note and any Originator Prepayment Charge Payment Amount
(other than any Servicer Prepayment Charge Payment Amount).
“Prepayment
Charge Schedule”: As of any date, the list of Prepayment Charges on the Mortgage
Loans provided by the Depositor included in REMIC I on such date, attached
hereto as Schedule 2 (including the Prepayment Charge Summary attached thereto).
The Prepayment Charge Schedule shall set forth the following information with
respect to each related Mortgage Loan:
(i) the
Mortgage Loan identifying number;
(ii) a
code
indicating the type of Prepayment Charge;
(iii) the
state
of origination of the related Mortgage Loan;
(iv) the
date
on which the first monthly payment was due on the related Mortgage
Loan;
(v) the
term
of the related Mortgage Loan; and
(vi) the
Stated Principal Balance of the related Mortgage Loan as of the Cut-off
Date.
The
Prepayment Charge Schedule shall be amended from time to time by the Depositor
in accordance with the provisions of this Agreement and a copy of such amended
Prepayment Charge Schedule shall be furnished by the Depositor to the NIMS
Insurer and the Servicers.
“Prepayment
Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan
that was the subject of a Principal Prepayment in full during the portion of
the
related Prepayment Period commencing on the first day of the calendar month
in
which the Distribution Date occurs and ending on the last day of the related
Prepayment Period, an amount equal to interest (to the extent received) at
the
applicable Net Mortgage Rate on the amount of such Principal Prepayment for
the
number of days commencing on the first day of the calendar month in which such
Distribution Date occurs and ending on the date on which such prepayment is
so
applied.
“Prepayment
Interest Shortfall”: With respect to any Distribution Date, for each Mortgage
Loan that was the subject of a voluntary Principal Prepayment during the portion
of the related Prepayment Period commencing on the first day of the related
Prepayment Period and ending on the last day of the calendar month preceding
the
month in which such Distribution Date occurs, an amount equal to interest on
the
Mortgage Loan at the applicable Net Mortgage Rate on the amount of such
Principal Prepayment for the number of days commencing on the date such
Principal Prepayment was applied and ending on the last day of the calendar
month preceding the month in which such Distribution Date occurs.
“Prepayment
Period”: With respect to each Distribution
Date and any Principal Prepayment in full, the
period commencing on the 16th day of the calendar month preceding the related
Distribution Date (and in the case of the first Distribution Date, commencing
on
February 1, 2006) and ending on the 15th day of the calendar month in which
such
Distribution Date occurs and for any Distribution Date and any Principal
Prepayment in part, the calendar month preceding the calendar month in which
such Distribution Date occurs.
“Principal
Balance”: As to any Mortgage Loan other than a Liquidated Mortgage Loan, and any
day, the related Cut-off Date Principal Balance, minus all collections credited
against the Cut-off Date Principal Balance of any such Mortgage Loan. For
purposes of this definition, a Liquidated Mortgage Loan shall be deemed to
have
a Principal Balance equal to the Principal Balance of the related Mortgage
Loan
as of the final recovery of related Liquidation Proceeds and a Principal Balance
of zero thereafter. As to any REO Property and any day, the Principal Balance
of
the related Mortgage Loan immediately prior to such Mortgage Loan becoming
REO
Property minus any REO Principal Amortization received with respect thereto
on
or prior to such day.
“Principal
Distribution Amount”: For any Distribution Date will be the sum of (i) the
principal portion of all scheduled monthly payments on the Mortgage Loans due
during the related Due Period, whether or not received on or prior to the
related Determination Date; (ii) the principal portion of all proceeds received
in respect of the repurchase of a Mortgage Loan (or, in the case of a
substitution, certain amounts representing a principal adjustment) during the
related Prepayment Period; (iii) the principal portion of all related Net
Liquidation Proceeds, Insurance Proceeds, Subsequent Recoveries and all full
and
partial principal prepayments, received during the related Prepayment Period,
to
the extent applied as recoveries of principal on the Mortgage Loans and (iv)
any
Extra Principal Distribution Amount for such Distribution Date minus (v) any
Overcollateralization Release Amount for such Distribution Date. In no event
will the Principal Distribution Amount with respect to any Distribution Date
be
(x) less than zero or (y) greater than the then outstanding aggregate
Certificate Principal Balance of the Class A and Mezzanine Certificates.
“Principal
Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan
which is received in advance of its scheduled Due Date and which is not
accompanied by an amount of interest representing the full amount of scheduled
interest due on any Due Date in any month or months subsequent to the month
of
prepayment.
“Principal
Remittance Amount”: With respect to any Distribution Date, the sum of the
amounts set forth in clauses (i) through (iii) of the definition of Principal
Distribution Amount.
“Prospectus
Supplement”: That certain Prospectus Supplement dated February 22, 2006 relating
to the public offering of the Class A Certificates and the Mezzanine
Certificates.
“Purchase
Price”: With respect to any Mortgage Loan or REO Property to be purchased
pursuant to or as contemplated by Section 2.03, Section 3.16(c) or
Section 9.01, and as confirmed by an
Officer’s Certificate from the related Servicer to
the
Trustee an amount equal to the sum of (i) 100% of the Stated Principal Balance
thereof as of the date of purchase (or such other price as provided in
Section 9.01), (ii) in the case of (x) a Mortgage Loan, accrued interest on
such Stated Principal Balance at the applicable Net Mortgage Rate in effect
from
time to time from the Due Date as to which interest was last covered by a
payment by the Mortgagor or an Advance, which payment or Advance had as of
the
date of purchase been distributed pursuant to Section 4.01, through the end
of the calendar month in which the purchase is to be effected and (y) an REO
Property, the sum of (1) accrued interest on such Stated Principal Balance
at
the applicable Net Mortgage Rate in effect from time to time from the Due Date
as to which interest was last covered by a payment by the Mortgagor or an
Advance by the related Servicer through the end of the calendar month
immediately preceding the calendar month in which such REO Property was
acquired, plus (2) REO Imputed Interest for such REO Property for each calendar
month commencing with the calendar month in which such REO Property was acquired
and ending with the calendar month in which such purchase is to be effected,
net
of the total of all net rental income, Insurance Proceeds, Liquidation Proceeds
and Advances that as of the date of purchase had been distributed as or to
cover
REO Imputed Interest pursuant to Section 4.01, (iii) any unreimbursed
Advances and Servicing Advances (including Nonrecoverable Advances and
Nonrecoverable Servicing Advances) and any unpaid Servicing Fees and Master
Servicing Fee allocable to such Mortgage Loan or REO Property, (iv) any amounts
previously withdrawn from the Collection Account pursuant to Section 3.11(a)(ix)
and Section 3.16(b) or the Distribution Account in respect of such Mortgage
Loan
or REO Property, and (v) in the case of a Mortgage Loan required to be purchased
pursuant to Section 2.03, expenses reasonably incurred or to be incurred by
the related Servicer, the Master Servicer, the NIMS Insurer, the Trust
Administrator or the Trustee in respect of the breach or defect giving rise
to
the purchase obligation including any costs and damages incurred by the Trust
in
connection with any violation with respect to such loan of any predatory or
abusive lending law. With respect to each Originator and any Mortgage Loan
or
REO Property to be purchased pursuant to or as contemplated by Section 2.03
or 10.01, and as confirmed by an Officer’s Certificate from the related Servicer
to the Trust Administrator and Trustee, an amount equal to the amount set forth
pursuant to the terms of the related Master Agreement.
“Qualified
Substitute Mortgage Loan”: A mortgage loan substituted for a Deleted Mortgage
Loan by the Seller pursuant to the terms of this Agreement which must, on the
date of such substitution, (i) have an outstanding Stated Principal Balance,
after application of all scheduled payments of principal and interest due during
or prior to the month of substitution, not in excess of, and not more than
5%
less than, the Stated Principal Balance of the Deleted Mortgage Loan as of
the
Due Date in the calendar month during which the substitution occurs, (ii) have
a
Mortgage Rate not less than (and not more than one percentage point in excess
of) the Mortgage Rate of the Deleted Mortgage Loan, (iii) with respect to any
Adjustable-Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the
Maximum Mortgage Rate of the Deleted Mortgage Loan, (iv) with respect to any
Adjustable-Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the
Minimum Mortgage Rate of the Deleted Mortgage Loan, (v) with respect to any
Adjustable-Rate Mortgage Loan, have a Gross Margin equal to or greater than
the
Gross Margin of the Deleted Mortgage Loan, (vi) with respect to any
Adjustable-Rate Mortgage Loan, have a next Adjustment Date not more than two
months later than the next Adjustment Date on the Deleted Mortgage Loan, (vii)
have a remaining term to maturity not greater than (and not more than one year
less than) that of the Deleted Mortgage Loan, (viii) have the same Due Date
as
the Due Date on the Deleted Mortgage Loan, (ix) have a Loan-to-Value Ratio
as of
the date of substitution equal to or lower than the Loan-to-Value Ratio of
the
Deleted Mortgage Loan as of such date, (x) have a risk grading determined by
the
Originator at least equal to the risk grading assigned on the Deleted Mortgage
Loan, (xi) have a Prepayment Charge provision at least equal to the Prepayment
Charge provision in the Deleted Mortgage Loan, (xii) [reserved] and (xiii)
conform to each representation and warranty set forth in Section 6 of the
Mortgage Loan Purchase Agreement applicable to the Deleted Mortgage Loan. In
the
event that one or more mortgage loans are substituted for one or more Deleted
Mortgage Loans, the amounts described in clause (i) hereof shall be determined
on the basis of aggregate principal balances, the Mortgage Rates described
in
clause (ii) hereof shall be determined on the basis of weighted average Mortgage
Rates, the terms described in clause (vii) hereof shall be determined on the
basis of weighted average remaining term to maturity, the Loan-to-Value Ratios
described in clause (ix) hereof shall be satisfied as to each such mortgage
loan, the risk gradings described in clause (x) hereof shall be satisfied as
to
each such mortgage loan and, except to the extent otherwise provided in this
sentence, the representations and warranties described in clause (xiii) hereof
must be satisfied as to each Qualified Substitute Mortgage Loan or in the
aggregate, as the case may be. With respect to each Originator, a mortgage
loan
substituted for a Deleted Mortgage Loan pursuant to the terms of the related
Master Agreement which must, on the date of such substitution conform to the
terms set forth in the related Master Agreement.
“Rating
Agency” or “Rating Agencies”: Xxxxx’x and S&P or their successors. If such
agencies or their successors are no longer in existence, “Rating Agencies” shall
be such nationally recognized statistical rating agencies, or other comparable
Persons, designated by the Depositor, notice of which designation shall be
given
to the Trustee and the Master Servicer.
“Realized
Loss”: With respect to any Liquidated Mortgage Loan or any Mortgage Loan charged
off by the related Servicer pursuant to this Agreement, the amount of loss
realized equal to the portion of the Stated Principal Balance remaining unpaid
after application of all Net Liquidation Proceeds in respect of such Mortgage
Loan. If the related Servicer receives Subsequent Recoveries with respect to
any
Mortgage Loan, the amount of the Realized Loss with respect to that Mortgage
Loan will be reduced to the extent such recoveries are applied to principal
distributions on any Distribution Date.
“Record
Date”: With respect to each Distribution Date and any Book-Entry Certificate,
the Business Day immediately preceding such Distribution Date. With respect
to
each Distribution Date and any other Certificates, including any Definitive
Certificates, the last Business Day of the month immediately preceding the
month
in which such Distribution Date occurs.
“Reference
Banks”: Deutsche Bank AG, Barclay’s Bank PLC, The Tokyo Mitsubishi Bank and
National Westminster Bank PLC and their successors in interest; provided,
however, that if any of the foregoing banks are not suitable to serve as a
Reference Bank, then any leading banks selected by the Trust Administrator
(after consultation with the NIMS Insurer) which are engaged in transactions
in
Eurodollar deposits in the international Eurocurrency market (i) with an
established place of business in London, (ii) not controlling, under the control
of or under common control with the Depositor or any Affiliate thereof and
(iii)
which have been designated as such by the Trust Administrator.
“Refinanced
Mortgage Loan”: A Mortgage Loan the proceeds of which were not used to purchase
the related Mortgaged Property.
“Regular
Certificate”: Any Class A Certificate, Mezzanine Certificate, Class CE
Certificate or Class P Certificate.
“Regular
Interest”: A “regular interest” in a REMIC within the meaning of
Section 860G(a)(1) of the Code.
“Regulation
AB”: Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100 - 229.1123, as such may be amended from time to time, and subject
to
such clarification and interpretation as have been provided by the Commission
in
the adopting release (Asset-Backed Securities, Securities Act Release No.
33-8518, 70 Red. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
Commission, or as may be provided by the Commission or its staff from time
to
time.
“Relevant
Servicing Criteria”: The Servicing Criteria applicable to the various parties,
as set forth on Exhibit O attached hereto. For clarification purposes, multiple
parties can have responsibility for the same Relevant Servicing
Criteria.
“Relief
Act”: The Servicemembers Civil Relief Act and any similar state
laws.
“Relief
Act Interest Shortfall”: With respect to any Distribution Date and any Mortgage
Loan, any reduction in the amount of interest collectible on such Mortgage
Loan
for the most recently ended calendar month as a result of the application of
the
Relief Act or any similar state or local law.
“REMIC”:
A “real estate mortgage investment conduit” within the meaning of
Section 860D of the Code.
“REMIC
I”: The segregated pool of assets subject hereto, constituting the primary trust
created hereby and to be administered hereunder, with respect to which a REMIC
election is to be made, consisting of: (i) such Mortgage Loans and Prepayment
Charges as from time to time are subject to this Agreement, together with the
Mortgage Files relating thereto, and together with all collections thereon
and
proceeds thereof; (ii) any REO Property, together with all collections thereon
and proceeds thereof; (iii) the Trustee’s rights with respect to the Mortgage
Loans under all insurance policies, required to be maintained pursuant to this
Agreement and any proceeds thereof; (iv) the Depositor’s rights under the
Mortgage Loan Purchase Agreement (including any security interest created
thereby); and (v) the Collection Account, the Distribution Account (other than
any amounts representing any Servicer Prepayment Charge Payment Amount
or
any
Originator Prepayment Charge Payment Amount)
and any
REO Account, and such assets that are deposited therein from time to time and
any investments thereof, together with any and all income, proceeds and payments
with respect thereto. Notwithstanding the foregoing, however, REMIC I
specifically excludes the Net WAC Rate Carryover Reserve Account, the Interest
Rate Swap Agreements, the Swap Account, the Cap Account, the Cap Contract,
the
Supplemental Interest Trust, any Servicer Prepayment Charge Payment Amounts
or
any Originator Prepayment Charge Payment Amounts, all payments and other
collections of principal and interest due on the Mortgage Loans on or before
the
Cut-off Date and all Prepayment Charges payable in connection with Principal
Prepayments made before the Cut-off Date.
“REMIC
I
Regular Interest”: Any of the separate non-certificated beneficial ownership
interests in REMIC I issued hereunder and designated as a “regular interest” in
REMIC I. Each REMIC I Regular Interest shall accrue interest at the related
REMIC I Remittance Rate in effect from time to time, and shall be entitled
to
distributions of principal, subject to the terms and conditions hereof, in
an
aggregate amount equal to its initial Uncertificated Principal Balance as set
forth in the Preliminary Statement hereto. The designations for the respective
REMIC I Regular Interests are set forth in the Preliminary Statement hereto.
“REMIC
I
Group I Regular Interest”: REMIC I Regular Interest I and REMIC I Regular
Interest I-1-A through REMIC I Regular Interest I-43-B as designated in the
Preliminary Statement hereto.
“REMIC
I
Group II Regular Interest”: REMIC I Regular Interest II-1-A through REMIC I
Regular Interest II-31-B as designated in the Preliminary Statement
hereto.
“REMIC
I
Remittance Rate”: With respect to REMIC I Regular Interest I and REMIC I Regular
Interest I-LTP, a per annum rate equal to the weighted average Adjusted Net
Mortgage Rate of the Mortgage Loans. With respect to each REMIC I Group I
Regular Interest ending with the designation “A”, a per annum rate equal to the
weighted average Adjusted Net Mortgage Rate of the Mortgage Loans multiplied
by
2, subject to a maximum rate of 9.2880%. With respect to each REMIC I Group
I
Regular Interest ending with the designation “B”, the greater of (x) a per annum
rate equal to the excess, if any, of (i) 2 multiplied by the weighted average
Net Mortgage Rate of the REMIC Group I Mortgage Loans over (ii) 9.2880% and
(y)
0.00%.
With
respect to each REMIC I Group II Regular Interest ending with the designation
“A”, a per annum rate equal to the weighted average Adjusted Net Mortgage Rate
of the Mortgage Loans multiplied by 2, subject to a maximum rate of 9.3020%.
With respect to each REMIC I Group II Regular Interest ending with the
designation “B”, the greater of (x) a per annum rate equal to the excess, if
any, of (i) 2 multiplied by the weighted average Net Mortgage Rate of the
Mortgage Loans over (ii) 9.3020% and (y) 0.00%.
“REMIC
II”: The segregated pool of assets consisting of all of the REMIC I Regular
Interests conveyed in trust to the Trustee, for the benefit of the REMIC II
Certificateholders pursuant to Section 2.07, and all amounts deposited therein,
with respect to which a separate REMIC election is to be made.
“REMIC
II
Interest Loss Allocation Amount”: With respect to any Distribution Date, an
amount (subject to adjustment based on the actual number of days elapsed in
the
respective Accrual Periods for the indicated Regular Interests for such
Distribution Date) equal to (a) the product of the aggregate Stated Principal
Balance of the Mortgage Loans and REO Properties then outstanding and (ii)
the
REMIC II Remittance Rate for REMIC II Regular Interest II-LTAA minus the Marker
Rate, divided by (b) 12.
“REMIC
II
Overcollateralized Amount”: With respect to any date of determination, (i) 1% of
the aggregate Uncertificated Balance of the REMIC II Regular Interests (other
than REMIC II Regular Interest II-LTP, REMIC II Regular Interest II-LTIO-1
and
REMIC II Regular Interest II-LTIO-2) minus (ii) the aggregate Uncertificated
Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2,
REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC
II
Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular
Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest
II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7,
REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC
II
Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11, in each case
as of such date of determination.
“REMIC
II
Principal Loss Allocation Amount”: With respect to any Distribution Date, an
amount equal to the product of (i) the aggregate Stated Principal Balance of
the
Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction,
the numerator of which is two times the aggregate Uncertificated Balance of
REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC
II
Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular
Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest
II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5,
REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC
II
Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular
Interest II-LTM10, REMIC II Regular Interest II-LTM11 and the denominator of
which is the aggregate Uncertificated Balance of REMIC II Regular Interest
II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3,
REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC
II
Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular
Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest
II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8,
REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC
II
Regular Interest II-LTM11 and REMIC II Regular Interest II-LTZZ.
“REMIC
II
Regular Interest”: Any of the separate non-certificated beneficial ownership
interests in REMIC II issued hereunder and designated as a “regular interest” in
REMIC II. Each REMIC II Regular Interest shall accrue interest at the related
REMIC II Remittance Rate in effect from time to time, and shall be entitled
to
distributions of principal (other than REMIC II Regular Interest II-LTIO-1
and
REMIC II Regular Interest II-LTIO-2), subject to the terms and conditions
hereof, in an aggregate amount equal to its initial Uncertificated Balance
as
set forth in the Preliminary Statement hereto. The REMIC II Regular Interests
are as follows: REMIC II Regular Interest II-LTAA, REMIC II Regular Interest
II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3,
REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC
II
Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular
Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest
II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8,
REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC
II
Regular Interest II-LTM11, REMIC II Regular Interest II-LTP, REMIC II Regular
Interest I-TLZZ, REMIC II Regular Interest II-LTIO-1 and REMIC II Regular
Interest II-LTIO-2. REMIC II Regular Interest II-LTP shall also be entitled
to
any Prepayment Charges received by the Trust Fund.
“REMIC
II
Remittance Rate”: With respect to REMIC II Regular Interest II-LTAA, REMIC II
Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular
Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest
II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3,
REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC
II
Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular
Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest
II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTZZ
and REMIC II Regular Interest II-LTP, a per annum rate (but not less than zero)
equal to the weighted average of (v) with respect to REMIC I Regular Interest
I,
and REMIC I Regular Interest I-LTP, the REMIC I Remittance Rate for such REMIC
I
Regular Interest for each such Distribution Date, (w) with respect to REMIC
I
Regular Interests ending with the designation “B”, the weighted average of the
REMIC I Remittance Rates for such REMIC I Regular Interests, weighted on the
basis of the Uncertificated Principal Balance of such REMIC I Regular Interests
for each such Distribution Date and (x) with respect to REMIC I Regular
Interests ending with the designation “A”, for each Distribution Date listed
below, the weighted average of the rates listed below for each such REMIC I
Regular Interest listed below, weighted on the basis of the Uncertificated
Principal Balance of each such REMIC I Regular Interest for each such
Distribution Date:
Distribution
Date
|
REMIC
I Regular Interest
|
Rate
|
1
|
I-1-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-1-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
2
|
I-2-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-2-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
|
REMIC
I Remittance Rate
|
|
II-1-A
|
REMIC
I Remittance Rate
|
|
3
|
I-3-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-3-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
and I-2-A
|
REMIC
I Remittance Rate
|
|
II-1-A
and II-2-A
|
REMIC
I Remittance Rate
|
|
4
|
I-4-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-4-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-3-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-3-A
|
REMIC
I Remittance Rate
|
|
5
|
I-5-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-5-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-4-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-4-A
|
REMIC
I Remittance Rate
|
|
6
|
I-6-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-6-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-5-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-5-A
|
REMIC
I Remittance Rate
|
|
7
|
I-7-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-7-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-6-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-6-A
|
REMIC
I Remittance Rate
|
|
8
|
I-8-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-8-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-7-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-7-A
|
REMIC
I Remittance Rate
|
|
9
|
I-9-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-9-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-8-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-8-A
|
REMIC
I Remittance Rate
|
|
10
|
I-10-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-10-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-9-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-9-A
|
REMIC
I Remittance Rate
|
|
11
|
I-11-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-11-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-10-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-10-A
|
REMIC
I Remittance Rate
|
|
12
|
I-12-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-12-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-11-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-11-A
|
REMIC
I Remittance Rate
|
|
13
|
I-13-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-13-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-12-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-12-A
|
REMIC
I Remittance Rate
|
|
14
|
I-14-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-14-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-13-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-13-A
|
REMIC
I Remittance Rate
|
|
15
|
I-15-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-15-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-14-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-14-A
|
REMIC
I Remittance Rate
|
|
16
|
I-16-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-16-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-15-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-15-A
|
REMIC
I Remittance Rate
|
|
17
|
I-17-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-17-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-16-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-16-A
|
REMIC
I Remittance Rate
|
|
18
|
I-18-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-18-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-17-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-17-A
|
REMIC
I Remittance Rate
|
|
19
|
I-19-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-19-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-18-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-18-A
|
REMIC
I Remittance Rate
|
|
20
|
I-20-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-20-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-19-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-19-A
|
REMIC
I Remittance Rate
|
|
21
|
I-21-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-21-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-20-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-20-A
|
REMIC
I Remittance Rate
|
|
22
|
I-22-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-22-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-21-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-21-A
|
REMIC
I Remittance Rate
|
|
23
|
I-23-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-23-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-22-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-22-A
|
REMIC
I Remittance Rate
|
|
24
|
I-24-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-24-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-23-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-23-A
|
REMIC
I Remittance Rate
|
|
25
|
I-25-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-25-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-24-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-24-A
|
REMIC
I Remittance Rate
|
|
26
|
I-26-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-26-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-25-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-25-A
|
REMIC
I Remittance Rate
|
|
27
|
I-27-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-27-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-26-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-26-A
|
REMIC
I Remittance Rate
|
|
28
|
I-28-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-28-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-27-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-27-A
|
REMIC
I Remittance Rate
|
|
29
|
I-29-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-29-A
through II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-28-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-28-A
|
REMIC
I Remittance Rate
|
|
30
|
I-30-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-30-A
and II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-29-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-29-A
|
REMIC
I Remittance Rate
|
|
31
|
I-31-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
II-31-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
|
I-1-A
through I-30-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-30-A
|
REMIC
I Remittance Rate
|
|
32
|
I-32-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-31-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
33
|
I-33-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-32-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
34
|
I-34-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-33-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
35
|
I-35-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-34-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
36
|
I-36-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-35-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
37
|
I-37-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-36-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
38
|
I-38-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-37-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
39
|
I-39-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-38-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
40
|
I-40-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-39-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
41
|
I-41-A
through I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-40-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
42
|
I-42-A
and I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-41-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
43
|
I-43-A
|
2
multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance
Rate
|
I-1-A
through I-42-A
|
REMIC
I Remittance Rate
|
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
|
thereafter
|
I-1-A
through I-43-A
|
REMIC
I Remittance Rate
|
II-1-A
through II-31-A
|
REMIC
I Remittance Rate
|
With
respect to REMIC II Regular Interest II-LTIO-1, and (a) the first 43
Distribution Dates, the excess of (i) the weighted average of the REMIC I
Remittance Rates for REMIC I Group I Regular Interests ending with the
designation “A”, over (ii) 2 multiplied by Swap LIBOR, and (b) thereafter,
0.00%.
With
respect to REMIC II Regular Interest II-LTIO-2, and (a) the first 31
Distirbution Dates, the excess of (i) the weighted average of the REMIC I
Remittance Rates for REMIC I Group II Regular Interests ending with the
designation “A”, over (ii) 2 multiplied by Swap LIBOR, and (b) thereafter,
0.00%.
“REMIC
II
Required Overcollateralized Amount”: 1.00% of the Overcollateralization Target
Amount.
“REMIC
III”: The segregated pool of assets consisting of all of the REMIC II Regular
Interests conveyed in trust to the Trustee, for the benefit of the REMIC III
Certificateholders pursuant to Section 2.07, and all amounts deposited therein,
with respect to which a separate REMIC election is to be made.
“REMIC
III Certificate”: Any Regular Certificate (other than a Class CE Certificate or
Class P Certificate) or Class R Certificate.
“REMIC
III Certificateholder”: The Holder of any REMIC III Certificate.
“REMIC
III Regular Interest”: Any Class A Certificate, Mezzanine Certificate, the Class
CE Interest, the Class P Interest, Class Swap-IO-1 Interest or Class Swap-IO-2
Interest.
“REMIC
IV”: The segregated pool of assets consisting of all of the Class CE Interest
conveyed in trust to the Trustee, for the benefit of the Holders of the Class
CE
Certificates and the Class R-X Certificate (in respect of the Class R-IV
Interest), pursuant to Article II hereunder, and all amounts deposited therein,
with respect to which a separate REMIC election is to be made.
“REMIC
V”: The segregated pool of assets consisting of all of the Class P Interest
conveyed in trust to the Trustee, for the benefit of the Holders of the Class
P
Certificates and the Class R-X Certificate (in respect of the Class R-V
Interest), pursuant to Article II hereunder, and all amounts deposited therein,
with respect to which a separate REMIC election is to be made.
“REMIC
VI”: The segregated pool of assets consisting of all of the Class Swap-IO-1
Interest conveyed in trust to the Trustee, for the benefit of the Holders of
the
REMIC VI Regular Interest SWAP-IO-1 and the Class R-X Certificate (in respect
of
the Class R-VI Interest), pursuant to Article II hereunder, and all amounts
deposited therein, with respect to which a separate REMIC election is to be
made.
“REMIC
VII”: The segregated pool of assets consisting of all of the Class Swap-IO-2
Interest conveyed in trust to the Trustee, for the benefit of the Holders of
the
REMIC VII Regular Interest SWAP-IO-2 and the Class R-X Certificate (in respect
of the Class R-VII Interest), pursuant to Article II hereunder, and all amounts
deposited therein, with respect to which a separate REMIC election is to be
made.
“REMIC
Provisions”: Provisions of the federal income tax law relating to REMICs, which
appear at Section 860A through 860G of the Code, and related provisions, and
proposed, temporary and final regulations and published rulings, notices and
announcements promulgated thereunder, as the foregoing may be in effect from
time to time.
“REMIC
Regular Interest”: Any REMIC I Regular Interest, REMIC II Regular Interest,
REMIC III Regular Interest, REMIC VI Regular Interest SWAP-IO-1 or REMIC VII
Regular Interest SWAP-IO-2.
“REMIC
Remittance Rate”: The REMIC I Remittance Rate or the REMIC II Remittance
Rate.
“Remittance
Report”: A report prepared by each Servicer and delivered to the Trust
Administrator and the NIMS Insurer pursuant to Section 4.03.
“Rents
from Real Property”: With respect to any REO Property, gross income of the
character described in Section 856(d) of the Code as being included in the
term “rents from real property.”
“REO
Account”: The account or accounts maintained, or caused to be maintained, by the
Servicer in respect of an REO Property pursuant to Section 3.23.
“REO
Disposition”: The sale or other disposition of an REO Property on behalf of
REMIC I.
“REO
Imputed Interest”: As to any REO Property, for any calendar month during which
such REO Property was at any time part of REMIC I, one month’s interest at the
applicable Net Mortgage Rate on the Stated Principal Balance of such REO
Property (or, in the case of the first such calendar month, of the related
Mortgage Loan, if appropriate) as of the close of business on the Distribution
Date in such calendar month.
“REO
Principal Amortization”: With respect to any REO Property, for any calendar
month, the excess, if any, of (a) the aggregate of all amounts received in
respect of such REO Property during such calendar month, whether in the form
of
rental income, sale proceeds (including, without limitation, that portion of
the
Termination Price paid in connection with a purchase of all of the Mortgage
Loans and REO Properties pursuant to Section 9.01 that is allocable to such
REO
Property) or otherwise, net of any portion of such amounts (i) payable pursuant
to Section 3.23(c) in respect of the proper operation, management and
maintenance of such REO Property or (ii) payable or reimbursable to the related
Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees or Master
Servicing Fees in respect of the related Mortgage Loan and unreimbursed Advances
and Servicing Advances in respect of such REO Property or the related Mortgage
Loan, over (b) the REO Imputed Interest in respect of such REO Property for
such
calendar month.
“REO
Property”: A Mortgaged Property acquired by the related Servicer on behalf of
REMIC I through foreclosure or deed-in-lieu of foreclosure, as described in
Section 3.23.
“Reportable
Event”: The meaning set forth in Section 4.06(a)(iii).
“Request
for Release”: A request for release in such electronic or other format as shall
be mutually agreed to by the Custodian and the related Servicer, in
substantially the form of Exhibit E attached hereto.
“Reserve
Interest Rate”: With respect to any Interest Determination Date, the rate per
annum that the Trust Administrator determines to be either (i) the arithmetic
mean (rounded upwards if necessary to the nearest whole multiple of 1/16%)
of
the one-month U.S. dollar lending rates which New York City banks selected
by
the Trust Administrator are quoting on the relevant Interest Determination
Date
to the principal London offices of leading banks in the London interbank market
or (ii) in the event that the Trust Administrator can determine no such
arithmetic mean, the lowest one-month U.S. dollar lending rate which New York
City banks selected by the Trust Administrator are quoting on such Interest
Determination Date to leading European banks.
“Residential
Dwelling”: Any one of the following: (i) a detached one-family dwelling, (ii) a
detached two- to four-family dwelling, (iii) a one-family dwelling unit in
a
Xxxxxx Xxx eligible condominium project, (iv) a manufactured home, or (v) a
detached one-family dwelling in a planned unit development, none of which is
a
co-operative or mobile home.
“Residual
Certificate”: Any one of the Class R Certificates and the Class R-X
Certificates.
“Residual
Interest”: The sole class of “residual interests” in a REMIC within the meaning
of Section 860G(a)(2) of the Code.
“Responsible
Officer”: When used with respect to the Trustee or the Trust Administrator, the
Chairman or Vice Chairman of the Board of Directors or Trustees, the Chairman
or
Vice Chairman of the Executive or Standing Committee of the Board of Directors
or Trustees, the President, the Chairman of the Committee on Trust Matters,
any
vice president, any assistant vice president, the Secretary, any assistant
secretary, the Treasurer, any assistant treasurer, the Cashier, any assistant
cashier, any trust officer or assistant trust officer, the Controller and any
assistant controller or any other officer of the Trustee or the Trust
Administrator, as applicable, customarily performing functions similar to those
performed by any of the above designated officers, in each case, having direct
responsibility for the administration of this Agreement, and, with respect
to a
particular matter relating to this Agreement, to whom such matter is referred
because of such officer’s knowledge of and familiarity with the particular
subject.
“S&P”:
Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies,
Inc., or its successor in interest.
“Xxxxxxxx-Xxxxx
Act”: The Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations of the
Commission promulgated thereunder (including any interpretations thereof by
the
Commission’s staff).
“Xxxxxxxx-Xxxxx
Certification”: The meaning set forth in Section 4.06(a)(iv).
“Securities
Act”: The Securities Act of 1933, as amended, and the rules and regulations
thereunder.
“Seller”:
UBS Real Estate Securities Inc. or its successor in interest, in its capacity
as
Seller under the Assignment Agreements.
“Senior
Principal Distribution Amount”: The excess of (x) the aggregate Certificate
Principal Balance of the Class A Certificates immediately prior to such
Distribution Date over (y) the lesser of (A) the product of (i) 53.00% and
(ii)
the aggregate Stated Principal Balance of the Mortgage Loans as of the last
day
of the related Due Period (after giving effect to scheduled payments of
principal due during the related Due Period, to the extent received or advanced,
and unscheduled collections of principal received during the related Prepayment
Period) and (B) the excess of the aggregate Stated Principal Balance of the
Mortgage Loans as of the last day of the related Due Period (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) over $3,301,161.26.
“Servicer”:
Either JPMorgan, with respect to the JPMorgan Mortgage Loans or Xxxxx Fargo,
with respect to the Xxxxx Fargo Mortgage Loans, or any successor Servicer
appointed as herein provided, each in its capacity as a Servicer
hereunder.
“Servicer
Event of Default”: One or more of the events described in Section
7.01(a).
“Servicer
Prepayment Charge Payment Amount”: The amounts payable by the related Servicer
in respect of any waived Prepayment Charges pursuant to Section
3.01.
“Servicer
Remittance Date”: With respect to Xxxxx Fargo and any Distribution Date, the
18th
day of
the calendar month in which such Distribution Date occurs or, if such
18th
day is
not a Business Day, the Business Day immediately following. With respect to
JPMorgan and any Distribution Date, by 4:00 p.m. New York time on the 24th
day
of the month in which such Distribution Date occurs, and if not a Business
Day,
the immediately preceding Business Day.
“Servicing
Account”: The account or accounts created and maintained pursuant to Section
3.09.
“Servicing
Advances”: The reasonable “out-of-pocket” costs and expenses incurred by either
Servicer in connection with a default, delinquency or other unanticipated event
by such Servicer in the performance of its servicing obligations, including,
but
not limited to, the cost of (i) the preservation, restoration, inspection and
protection of a Mortgaged Property, (ii) any enforcement, administration or
judicial proceedings, including foreclosures, in respect of a particular
Mortgage Loan, including any expenses incurred in relation to any such
proceedings that result from the Mortgage Loan being registered on the MERS
System, (iii) the management (including reasonable fees in connection therewith)
and liquidation of any REO Property, (iv) taxes, assessments, water rates,
sewer
rents and other charges which are or may become a lien upon the Mortgage Propety
and (v) the performance of its obligations under Section 3.01, Section 3.09,
Section 3.13, Section 3.14, Section 3.16 and Section 3.23. Servicing Advances
shall also include any reasonable “out-of-pocket” costs and expenses (including
legal fees) incurred by the related Servicer in connection with executing and
recording instruments of satisfaction, deeds of reconveyance or Assignments
of
Mortgage in connection with any foreclosure in respect of any Mortgage Loan
to
the extent not recovered from the related Mortgagor or otherwise payable under
this Agreement. Neither Servicer shall be required to make any Servicing Advance
in respect of a Mortgage Loan or REO Property that, in the good faith business
judgment of such Servicer in accordance with the JPMorgan Servicing Standard,
would not be ultimately recoverable from related Insurance Proceeds or
Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.
Neither Servicer shall be required to make any Servicing Advance that would
be a
Nonrecoverable Advance.
“Servicing
Fee”: With respect to each Mortgage Loan, the amount of the annual fee paid to
the related Servicer, which shall, for a period of one full month, be equal
to
one-twelfth of the product of (a) the Servicing Fee Rate (without regard to
the
words “per annum”) and (b) the outstanding principal balance of such Mortgage
Loan. Such fee shall be payable monthly, computed on the basis of the same
principal amount and period respecting which any related interest payment on
a
Mortgage Loan is received. The obligation for payment of the Servicing Fee
is
limited to, and the Servicing Fee is payable solely from, the interest portion
(including recoveries with respect to interest from Liquidation Proceeds) of
such Monthly Payment collected by the related Servicer, or as otherwise provided
under Section 3.11.
“Servicing
Fee Rate”: With respect to each Mortgage Loan, the rate of 0.50% per
annum.
“Servicing
Officer”: Any employee of either Servicer involved in, or responsible for, the
administration and servicing of the Mortgage Loans, whose name appear on a
list
of Servicing Officers furnished by each Servicer to the Master Servicer, the
Trust Administrator, the Trustee and the Depositor, upon request, as such list
may from time to time be amended. With respect to the Master Servicer, any
officer of the Master Servicer involved in or responsible for, the
administration and master servicing of the Mortgage Loans whose name appears
on
a list of master Servicing Officers furnished by the Master Servicer to the
Trustee, the Trust Administrator and the Depositor upon request, as such list
may from time to time be amended.
“Servicing
Transfer Costs”: Shall mean all reasonable out-of-pocket costs and expenses
incurred by the Trustee or the Master Servicer in connection with the transfer
of servicing from a predecessor servicer, including, without limitation, any
reasonable costs or expenses associated with the complete transfer of all
servicing data and the completion, correction or manipulation of such servicing
data as may be required by the Trustee, the Master Servicer to correct any
errors or insufficiencies in the servicing data or otherwise to enable the
Trustee or the Master Servicer to service the Mortgage Loans properly and
effectively.
“Significance
Percentage”: The percentage equivalent of a fraction, the numerator of which is
the net present value of the estimated future amounts payable under the Interest
Rate Swap Agreement and the denominator of which is the aggregate Certificate
Principal Balance of the Class A Certificates, the Mezzanine Certificates and
the Class CE Certificates on such Distribution Date (after giving effect to
all
distributions on such Distribution Date), in each case as determined pursuant
to
Section 4.02(b).
“Single
Certificate”: With respect to any Class of Certificates (other than the Class P
Certificates and the Residual Certificates), a hypothetical Certificate of
such
Class evidencing a Percentage Interest for such Class corresponding to an
initial Certificate Principal Balance of $1,000. With respect to the Class
P
Certificates and the Residual Certificates, a hypothetical Certificate of such
Class evidencing a 100% Percentage Interest in such Class.
“Startup
Day”: With respect to each Trust REMIC, the day designated as such pursuant to
Section 10.01(b) hereof.
“Stated
Principal Balance”: With respect to any Mortgage Loan: (a) as of any date of
determination up to but not including the Distribution Date on which the
proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan
would be distributed, the Cut-off Date Principal Balance of such Mortgage Loan,
as shown in the Mortgage Loan Schedule, minus the sum of (i) the principal
portion of each Monthly Payment due on a Due Date subsequent to the Cut-off
Date, to the extent received from the Mortgagor or advanced by the related
Servicer and distributed pursuant to Section 4.01 on or before such date of
determination, (ii) all Principal Prepayments received after the Cut-off Date,
to the extent distributed pursuant to Section 4.01 on or before such date
of determination, (iii) all Liquidation Proceeds and Insurance Proceeds applied
by the related Servicer as recoveries of principal in accordance with the
provisions of Section 3.16, to the extent distributed pursuant to
Section 4.01 on or before such date of determination, and (iv) any Realized
Loss incurred with respect thereto as a result of a Deficient Valuation made
during or prior to the Prepayment Period for the most recent Distribution Date
coinciding with or preceding such date of determination; and (b) as of any
date
of determination coinciding with or subsequent to the Distribution Date on
which
the proceeds, if any, of a Liquidation Event with respect to such Mortgage
Loan
would be distributed, zero. With respect to any REO Property: (a) as of any
date
of determination up to but not including the Distribution Date on which the
proceeds, if any, of a Liquidation Event with respect to such REO Property
would
be distributed, an amount (not less than zero) equal to the Stated Principal
Balance of the related Mortgage Loan as of the date on which such REO Property
was acquired on behalf of REMIC I, minus the sum of (i) if such REO Property
was
acquired before the Distribution Date in any calendar month, the principal
portion of the Monthly Payment due on the Due Date in the calendar month of
acquisition, to the extent advanced by the related Servicer and distributed
pursuant to Section 4.01 on or before such date of determination, and (ii)
the aggregate amount of REO Principal Amortization in respect of such REO
Property for all previously ended calendar months, to the extent distributed
pursuant to Section 4.01 on or before such date of determination; and (b)
as of any date of determination coinciding with or subsequent to the
Distribution Date on which the proceeds, if any, of a Liquidation Event with
respect to such REO Property would be distributed, zero.
“Stepdown
Date”: The earlier to occur of (i) the Distribution Date on which the aggregate
Certificate Principal Balance of the Class A Certificates has been reduced
to
zero and (ii) the later to occur of (x) the Distribution Date occurring in
March
2009 and (y) the first Distribution Date on which the Credit Enhancement
Percentage (calculated for this purpose only after taking into account payments
of principal on the Mortgage Loans) for the Class A Certificates is equal to
or
greater than 47.00%.
“Subordinate
Certificates”: The Mezzanine Certificates and the Class CE Certificates.
“Sub-Servicer”:
Any Person with which either Servicer has entered into a Sub-Servicing
Agreement.
“Sub-Servicing
Account”: An account established by a Sub-Servicer which meets the requirements
set forth in Section 3.08 and is otherwise acceptable to the applicable
Servicer.
“Sub-Servicing
Agreement”: The written contract between either Servicer and a Sub-Servicer,
relating to servicing and administration of certain Mortgage Loans, which meets
the requirements set forth in Section 3.02.
“Subsequent
Recoveries”: As of any Distribution Date, unexpected amounts received by the
related Servicer (net of any related expenses permitted to be reimbursed to
such
Servicer or the Master Servicer) specifically related to a Mortgage Loan that
was the subject of a liquidation or an REO Disposition prior to the related
Prepayment Period that resulted in a Realized Loss.
“Substitution
Adjustment Amount”: As defined in Section 2.03(b).
“Supplemental
Interest Trust”: As defined in Section 4.08(a).
“Supplemental
Interest Trust Trustee”: Xxxxx Fargo Bank, N. A., a national banking
association, not in its individual capacity but solely in its capacity as
supplemental interest trust trustee, and any successor thereto.
“Swap
Account”: The account or accounts created and maintained pursuant to Section
4.08. The Swap Account must be an Eligible Account.
“Swap
Administration Agreement”: As defined in Section 4.08(b).
“Swap
Administrator”: Xxxxx
Fargo Bank, N.A.,
a
national banking association, or any successor in interest not in its individual
capacity but solely as swap administrator under the Swap Administration
Agreement, or any successor swap administrator appointed pursuant to the Swap
Administration Agreement.
“Swap
Interest Shortfall Amount”: Any shortfall of interest with respect to any Class
of Certificates resulting from the application of the Net WAC Rate due to a
discrepancy between the Uncertificated Notional Amounts of the Class SWAP-IO-1
Interest or the Class SWAP-IO-2 Interest and the scheduled notional amount
pursuant to the related Swap Administration Agreement.
“Swap
LIBOR”:
A per annum rate equal to the floating rate payable by either Swap Provider
under the related Interest Rate Swap Agreement.
“Swap
Provider”: Either (i) Bear Xxxxxxx Financial Products Inc. or (ii) UBS AG, as
applicable.
“Swap
Provider Trigger Event”: A Swap Termination Payment that is triggered upon: (i)
an Event of Default under the related Interest Rate Swap Agreement with respect
to which the related Swap Provider is a Defaulting Party (as defined in the
related Interest Rate Swap Agreement), (ii) a Termination Event under the
related Interest Rate Swap Agreement with respect to which the related Swap
Provider is the sole Affected Party (as defined in the related Interest Rate
Swap Agreement) or (iii) an Additional Termination Event under the related
Interest Rate Swap Agreement with respect to which the related Swap Provider
is
the sole Affected Party.
“Swap
Termination Payment”: The payment due under the related Interest Rate Swap
Agreement upon the early termination of such Interest Rate Swap
Agreement.
“Tax
Returns”: The federal income tax return on Internal Revenue Service Form 1066,
U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including
Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC
Taxable Income or Net Loss Allocation, or any successor forms, to be filed
on
behalf of the Trust Fund due to the classification of portions thereof as REMICs
under the REMIC Provisions, together with any and all other information reports
or returns that may be required to be furnished to the Certificateholders or
filed with the Internal Revenue Service or any other governmental taxing
authority under any applicable provisions of federal, state or local tax
laws.
“Telerate
Page 3750”: The display designated as page “3750” on the Dow Xxxxx Telerate
Capital Markets Report (or such other page as may replace page 3750 on that
report for the purpose of displaying London interbank offered rates of major
banks).
“Termination
Price”: As defined in Section 9.01.
“Terminator”:
As defined in Section 9.01.
“Transfer”:
Any direct or indirect transfer, sale, pledge, hypothecation, or other form
of
assignment of any Ownership Interest in a Certificate.
“Transferee”:
Any Person who is acquiring by Transfer any Ownership Interest in a
Certificate.
“Transferor”:
Any Person who is disposing by Transfer of any Ownership Interest in a
Certificate.
“Trigger
Event”: A Trigger Event is in effect with respect to any Distribution Date on or
after the Stepdown Date if:
(b) the
Delinquency Percentage exceeds 40.50% of the Credit Enhancement Percentage;
or
(c) the
aggregate amount of Realized Losses incurred since the Cut-off Date through
the
last day of the related Due Period (reduced by the aggregate amount of
Subsequent Recoveries received since the Cut-off Date through the last day
of
the related Due Period) divided by the aggregate Stated Principal Balance of
the
Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set
forth below with respect to such Distribution Date:
Distribution
Date Occurring In
|
Percentage
|
March
2008 through February 2009
|
1.50%
for the first month, plus an additional 1/12th of 1.85% for each
month
thereafter
|
March
2009 through February 2010
|
3.35%
for the first month, plus an additional 1/12th of 1.90% for each
month
thereafter
|
March
2010 through February 2011
|
5.25%
for the first month, plus an additional 1/12th of 1.00% for each
month
thereafter
|
March
2011 through February 2012
|
6.25%
for the first month, plus an additional 1/12th of 0.50% for each
month
thereafter
|
March
2012 and thereafter
|
6.75%
|
“Trust
Administrator”: Xxxxx Fargo Bank, N.A., or any successor in interest, or any
successor trust administrator appointed as herein provided.
“Trust
Fund”: Collectively, all of the assets of REMIC I, REMIC II, REMIC III, REMIC
IV, REMIC V, REMIC VI, REMIC VII, the Net WAC Rate Carryover Reserve Account,
distributions made to the Trust Administrator by the Swap Administrator under
the Swap Administration Agreement and the Swap Account and the other assets
conveyed by the Depositor to the Trustee pursuant to Section 2.01.
“Trust
REMIC”: Any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI and
REMIC VII.
“Trustee”:
U.S. Bank National Association, a national banking association, or its successor
in interest, or any successor trustee appointed as herein provided.
“Uncertificated
Balance”: The amount of any REMIC Regular Interest (other than REMIC II Regular
Interest II-LTIO-1 and REMIC II Regular Interest II-LTIO-2) outstanding as
of
any date of determination. As of the Closing Date, the Uncertificated Balance
of
each REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO-1
and
REMIC II Regular Interest II-LTIO-2) shall equal the amount set forth in the
Preliminary Statement hereto as its initial uncertificated balance. On each
Distribution Date, the Uncertificated Balance of each REMIC Regular Interest
(other than REMIC II Regular Interest II-LTIO-1 and REMIC II Regular Interest
II-LTIO-2) shall be reduced by all distributions of principal made on such
REMIC
Regular Interest on such Distribution Date pursuant to Section 4.01 and, if
and to the extent necessary and appropriate, shall be further reduced on such
Distribution Date by Realized Losses as provided in Section 4.04. The
Uncertificated Balance of REMIC II Regular Interest II-LTZZ shall be increased
by interest deferrals as provided in Section 4.01(a)(1). The Uncertificated
Balance of each REMIC Regular Interest (other than REMIC II Regular Interest
II-LTIO-1 and REMIC II Regular Interest II-LTIO-2) shall never be less than
zero. With respect to the Class CE Interest as of any date of determination,
an
amount equal to the excess, if any, of (A) the then aggregate Uncertificated
Principal Balance of the REMIC II Regular Interests over (B) the then aggregate
Certificate Principal Balances of the Class A Certificates, Mezzanine
Certificates and the Class P Interest then outstanding.
“Uncertificated
Interest”: With respect to any REMIC Regular Interest for any Distribution Date,
one month’s interest at the REMIC Remittance Rate applicable to such REMIC
Regular Interest for such Distribution Date, accrued on the Uncertificated
Balance or Uncertificated Notional Amount thereof immediately prior to such
Distribution Date. Uncertificated Interest in respect of any REMIC I Regular
Interest shall accrue on the basis of a 360-day year consisting of twelve 30-day
months. Uncertificated Interest with respect to each Distribution Date, as
to
any REMIC Regular Interest, shall be reduced by an amount equal to the sum
of
(a) the aggregate Prepayment Interest Shortfall, if any, for such Distribution
Date to the extent not covered by Compensating Interest and (b) the aggregate
amount of any Relief Act Interest Shortfall, if any allocated, in each case,
to
such REMIC Regular Interest pursuant to Section 1.02. In addition,
Uncertificated Interest with respect to each Distribution Date, as to any REMIC
Regular Interest shall be reduced by Realized Losses, if any, allocated to
such
REMIC Regular Interest pursuant to Section 1.02 and
Section 4.04.
“Uncertificated
Notional Amount”: With respect to REMIC II Regular Interest II-LTIO-1 and each
Distribution Date listed below, the aggregate Uncertificated Principal Balance
of the REMIC I Regular Interests ending with the designation “A” listed below:
Distribution
Date
|
REMIC
I Regular Interests
|
1
|
I-1-A
through X-00-X
|
0
|
X-0-X
xxxxxxx X-00-X
|
0
|
X-0-X
through X-00-X
|
0
|
X-0-X
xxxxxxx X-00-X
|
0
|
X-0-X
through X-00-X
|
0
|
X-0-X
xxxxxxx X-00-X
|
0
|
X-0-X
through X-00-X
|
0
|
X-0-X
xxxxxxx X-00-X
|
0
|
X-0-X
through I-43-A
|
10
|
I-10-A
through I-43-A
|
11
|
I-11-A
through I-43-A
|
12
|
I-12-A
through I-43-A
|
13
|
I-13-A
through I-43-A
|
14
|
I-14-A
through I-43-A
|
15
|
I-15-A
through I-43-A
|
16
|
I-16-A
through I-43-A
|
17
|
I-17-A
through I-43-A
|
18
|
I-18-A
through I-43-A
|
19
|
I-19-A
through I-43-A
|
20
|
I-20-A
through I-43-A
|
21
|
I-21-A
through I-43-A
|
22
|
I-22-A
through I-43-A
|
23
|
I-23-A
through I-43-A
|
24
|
I-24-A
through I-43-A
|
25
|
I-25-A
through I-43-A
|
26
|
I-26-A
through I-43-A
|
27
|
I-27-A
through I-43-A
|
28
|
I-28-A
through I-43-A
|
29
|
I-29-A
through I-43-A
|
30
|
I-30-A
through I-43-A
|
31
|
I-31-A
through I-43-A
|
32
|
I-32-A
through I-43-A
|
33
|
I-33-A
through I-43-A
|
34
|
I-34-A
through I-43-A
|
35
|
I-35-A
through I-43-A
|
36
|
I-36-A
through I-43-A
|
37
|
I-37-A
through I-43-A
|
38
|
I-38-A
through I-43-A
|
39
|
I-39-A
through I-43-A
|
40
|
I-40-A
through I-43-A
|
41
|
I-41-A
through I-43-A
|
42
|
I-42-A
and I-43-A
|
43
|
I-43-A
|
thereafter
|
$0.00
|
“Uncertificated
Notional Amount”: With respect to REMIC II Regular Interest II-LTIO-2 and each
Distribution Date listed below, the aggregate Uncertificated Principal Balance
of the REMIC I Regular Interests ending with the designation “A” listed below:
Distribution
Date
|
REMIC
I Regular
Interests
|
1
|
II-1-A
through
II-31-A
|
2
|
II-2-A
through
II-31-A
|
3
|
II-3-A
through
II-31-A
|
4
|
II-4-A
through
II-31-A
|
5
|
II-5-A
through
II-31-A
|
6
|
II-6-A
through
II-31-A
|
7
|
II-7-A
through
II-31-A
|
8
|
II-8-A
through
II-31-A
|
9
|
II-9-A
through
II-31-A
|
10
|
II-10-A
through
II-31-A
|
11
|
II-11-A
through
II-31-A
|
12
|
II-12-A
through
II-31-A
|
13
|
II-13-A
through
II-31-A
|
14
|
II-14-A
through
II-31-A
|
15
|
II-15-A
through
II-31-A
|
16
|
II-16-A
through
II-31-A
|
17
|
II-17-A
through
II-31-A
|
18
|
II-18-A
through
II-31-A
|
19
|
II-19-A
through
II-31-A
|
20
|
II-20-A
through
II-31-A
|
21
|
II-21-A
through
II-31-A
|
22
|
II-22-A
through
II-31-A
|
23
|
II-23-A
through
II-31-A
|
24
|
II-24-A
through
II-31-A
|
25
|
II-25-A
through
II-31-A
|
26
|
II-26-A
through
II-31-A
|
27
|
II-27-A
through
II-31-A
|
28
|
II-28-A
through
II-31-A
|
29
|
II-29-A
through
II-31-A
|
30
|
II-30-Aand
II-31-A
|
31
|
II-31-A
|
thereafter
|
$0.00
|
With
respect to the Class Swap-IO-1 Interest and any Distribution Date, an amount
equal to the Uncertificated Notional Amount of the REMIC II Regular Interest
II-LTIO-1.
With
respect to the Class Swap-IO-2 Interest and any Distribution Date, an amount
equal to the Uncertificated Notional Amount of the REMIC II Regular Interest
II-LTIO-2.
“Uninsured
Cause”: Any cause of damage to a Mortgaged Property such that the complete
restoration of such property is not fully reimbursable by the hazard insurance
policies required to be maintained pursuant to Section 3.14.
“United
States Person”: A citizen or resident of the United States, a corporation,
partnership or other entity created or organized in, or under the laws of,
the
United States, any state thereof or, the District of Columbia (except, in the
case of a partnership, to the extent provided in regulations) provided that,
for
purposes solely of the restrictions on the transfer of Class R Certificates
and
Class R-X Certificates, no partnership or other entity treated as a partnership
for United States federal income tax purposes shall be treated as a United
States Person unless all persons that own an interest in such partnership either
directly or through any entity that is not a corporation for United States
federal income tax purposes are required by the applicable operative agreement
to be United States Persons or an estate whose income is subject to United
States federal income tax regardless of its source, or a trust if a court within
the United States is able to exercise primary supervision over the
administration of the trust and one or more United States persons have the
authority to control all substantial decisions of the trust. To the extent
prescribed in regulations by the Secretary of the Treasury, a trust which was
in
existence on August 20, 1996 (other than a trust treated as owned by the grantor
under subpart E of part I of subchapter J of chapter 1 of the Code), and which
was treated as a United States person on August 20, 1996 may elect to continue
to be treated as a United States person notwithstanding the previous sentence.
The term “United States” shall have the meaning set forth in Section 7701
of the Code.
“Unpaid
Interest Shortfall Amount”: With respect to the Class A Certificates and the
Mezzanine Certificates and (i) the first Distribution Date, zero, and (ii)
any
Distribution Date after the first Distribution Date, the amount, if any, by
which (a) the sum of (1) the Monthly Interest Distributable Amount for such
Class for the immediately preceding Distribution Date and (2) the outstanding
Unpaid Interest Shortfall Amount, if any, for such Class for such preceding
Distribution Date exceeds (b) the aggregate amount distributed on such Class
in
respect of interest pursuant to clause (a) of this definition on such preceding
Distribution Date, plus interest on the amount of interest due but not paid
on
the Certificates of such Class on such preceding Distribution Date, to the
extent permitted by law, at the Pass-Through Rate for such Class for the related
Accrual Period.
“Value”:
With respect to any Mortgage Loan, and the related Mortgaged Property, the
lesser of:
(i)
the
lesser of (a) the value thereof as determined by an appraisal made for the
Originator at the time of origination of the Mortgage Loan by an appraiser
who
met the minimum requirements of Xxxxxx Xxx and Xxxxxxx Mac, and (b) the value
thereof as determined by a review appraisal conducted by the Originator in
the
event any such review appraisal determines an appraised value more than 10%
lower than the value thereof, in the case of a Mortgage Loan with a
Loan-to-Value Ratio less than or equal to 80%, or more than 5% lower than the
value thereof, in the case of a Mortgage Loan with a Loan-to-Value Ratio greater
than 80%, as determined by the appraisal referred to in clause (i)(a)
above;
(ii)
the
purchase price paid for the related Mortgaged Property by the Mortgagor with
the
proceeds of the Mortgage Loan; provided, however, that in the case of a
Refinanced Mortgage Loan or a Mortgage Loan originated in connection with a
“lease option purchase” if the “lease option purchase price” was set 12 months
or more prior to origination, such value of the Mortgaged Property is based
solely upon clause (i) above.
“Voting
Rights”: The portion of the voting rights of all of the Certificates which is
allocated to any Certificate. With respect to any date of determination, 98%
of
all Voting Rights will be allocated among the holders of the Class A
Certificates, the Mezzanine Certificates and the Class CE Certificates in
proportion to the then outstanding Certificate Principal Balances of their
respective Certificates, 1% of all Voting Rights will be allocated to the
holders of the Class P Certificates and 1% of all Voting Rights will be
allocated among the holders of the Residual Certificates. The Voting Rights
allocated to each Class of Certificate shall be allocated among Holders of
each
such Class in accordance with their respective Percentage Interests as of the
most recent Record Date.
“Xxxxx
Fargo”: Xxxxx Fargo Bank, N.A.
“Xxxxx
Fargo Mortgage Loans”: The Mortgage Loans serviced by Xxxxx Fargo.
SECTION 1.02. |
Allocation
of Certain Interest Shortfalls.
|
For
purposes of calculating the amount of the Monthly Interest Distributable Amount
for the Class A Certificates, the Mezzanine Certificates and the Class CE
Certificates for any Distribution Date, (1) the aggregate amount of any
Prepayment Interest Shortfalls (to the extent not covered by Compensating
Interest payments by the Servicer or the Master Servicer) and any Relief Act
Interest Shortfall incurred in respect of the Mortgage Loans for any
Distribution Date shall be allocated first, to the Class CE Certificates based
on, and to the extent of, one month’s interest at the then applicable respective
Pass-Through Rate on the respective Notional Amount of each such Certificate
and, thereafter, among the Class A Certificates and the Mezzanine Certificates
on a pro
rata
basis
based on, and to the extent of, one month’s interest at the then applicable
respective Pass-Through Rate on the respective Certificate Principal Balance
of
each such Certificate and (2) the aggregate amount of any Realized Losses and
Net WAC Rate Carryover Amounts incurred for any Distribution Date shall be
allocated to the Class CE Certificates based on, and to the extent of, one
month’s interest at the then applicable respective Pass-Through Rate on the
respective Notional Amount of each such Certificate.
For
purposes of calculating the amount of Uncertificated Interest for the REMIC
I
Regular Interests for any Distribution Date, the aggregate amount of any
Prepayment Interest Shortfalls (to the extent not covered by payments by the
Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls
incurred in respect of the Mortgage Loans shall be allocated first, to REMIC
I
Regular Interest I and to the REMIC I Regular Interests ending with the
designation “B”, pro
rata
based
on, and to the extent of, one month’s interest at the then applicable respective
REMIC I Remittance Rates on the respective Uncertificated Balances of each
such
REMIC I Regular Interest, and then, to REMIC I Regular Interests ending with
the
designation “A”, pro rata based on, and to the extent of, one month’s interest
at the then applicable respective REMIC I Remittance Rates on the respective
Uncertificated Balances of each such REMIC I Regular Interest.
For
purposes of calculating the amount of Uncertificated Interest for the REMIC
II
Regular Interests for any Distribution Date, the aggregate amount of any
Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred
in respect of the Mortgage Loans for any Distribution Date shall be allocated
among REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1,
REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC
II
Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular
Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest
II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6,
REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC
II
Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular
Interest II-LTM11 and REMIC II Regular Interest II-LTZZ, pro
rata,
based
on, and to the extent of, one month’s interest at the then applicable respective
REMIC II Remittance Rates on the respective Uncertificated Balances of each
such
REMIC II Regular Interest.
SECTION 1.03. |
Rights
of the NIMS Insurer.
|
Each
of
the rights of the NIMS Insurer set forth in this Agreement shall exist so long
as (i) the NIMS Insurer has undertaken to guarantee certain payments of notes
issued pursuant to the Indenture and (ii) the notes issued pursuant to the
Indenture remain outstanding or the NIMS Insurer is owed amounts in respect
of
its guarantee of payment on such notes; provided, however, the NIMS Insurer
shall not have any rights hereunder (except pursuant to Section 11.01 and
any rights to indemnification hereunder in the case of clause (ii) below) so
long as (i) the NIMS Insurer has not undertaken to guarantee certain payments
of
notes issued pursuant to the Indenture or (ii) any default has occurred and
is
continuing under the insurance policy issued by the NIMS Insurer with respect
to
such notes.
ARTICLE
II
CONVEYANCE
OF MORTGAGE LOANS;
ORIGINAL
ISSUANCE OF CERTIFICATES
SECTION 2.01. |
Conveyance
of the Mortgage Loans.
|
The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey to the Trustee without recourse,
for the benefit of the Certificateholders, all the right, title and interest
of
the Depositor, including any security interest therein for the benefit of the
Depositor, in and to the Mortgage Loans identified on the Mortgage Loan
Schedule, the rights of the Depositor under the Assignment Agreements, payments
made to the Trust Administrator by the Swap Administrator under the Swap
Administration Agreement and the Swap Account and all other assets included
or
to be included in REMIC I. Such assignment includes all interest and principal
received by the Depositor or the Servicer on or with respect to the Mortgage
Loans (other than payments of principal and interest due on such Mortgage Loans
on or before the Cut-off Date). The Depositor herewith delivers to the Trustee
executed originals of each Assignment Agreement.
In
connection with such transfer and assignment, the Depositor does hereby deliver
to, and deposit with, to the Custodian (on behalf of the Trustee), with respect
the Mortgage Loans, the following documents or instruments with respect to
each
Mortgage Loan so transferred and assigned (a “Mortgage File”):
(i) the
original Mortgage Note, endorsed in blank or in the following form: “Pay to the
order of U.S. Bank National Association, as Trustee under the applicable
agreement, without recourse,” with all prior and intervening endorsements
showing a complete chain of endorsement from the related Originator to the
Person so endorsing to the Trustee;
(ii) the
original Mortgage, noting the presence of the MIN of the Mortgage Loan and
language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan
is
a MOM Loan, with evidence of recording thereon, and the original recorded power
of attorney, if the Mortgage was executed pursuant to a power of attorney,
with
evidence of recording thereon;
(iii) unless
the Mortgage Loan is registered on the MERS® System, an original Assignment in
blank;
(iv) the
original recorded Assignment or Assignments showing a complete chain of
assignment from the related Originator to the Person assigning the Mortgage
to
the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System
and noting the presence of the MIN) as contemplated by the immediately preceding
clause (iii);
(v) the
original or copies of each assumption, modification, written assurance or
substitution agreement, if any; and
(vi) the
original lender’s title insurance policy, together with all endorsements or
riders that were issued with or subsequent to the issuance of such policy,
insuring the priority of the Mortgage as a first or second lien on the Mortgaged
Property represented therein as a fee interest vested in the Mortgagor, or
in
the event such original title policy is unavailable, a written commitment or
uniform binder or preliminary report of title issued by the title insurance
or
escrow company.
With
respect to a maximum of 1.0% of the Mortgage Loans, by outstanding Stated
Principal Balance of the Mortgage Loans as of the Cut-off Date, if any original
Mortgage Note referred to in Section 2.01(i) above cannot be located, the
obligations of the Depositor to deliver such documents shall be deemed to be
satisfied upon delivery to the Trustee (or the Custodian on behalf of the
Trustee) of a photocopy of such Mortgage Note, if available, with a lost note
affidavit substantially in the form of Exhibit I attached hereto. If any of
the
original Mortgage Notes for which a lost note affidavit was delivered to the
Trustee (or the Custodian on behalf of the Trustee) with respect to the related
Mortgage Files, is subsequently located, such original Mortgage Note shall
be
delivered to the Trustee (or the Custodian on behalf of the Trustee) within
three Business Days.
Except
with respect to any Mortgage Loan for which MERS is identified on the Mortgage
or on a properly recorded assignment of the Mortgage as the mortgagee of record,
the Trustee (upon receipt of notice from the Custodian) shall promptly (within
sixty Business Days following the later of the Closing Date and the date of
receipt by the Trustee or the Custodian on behalf of the Trustee of the
recording information for a Mortgage, but in no event later than ninety days
following the Closing Date) enforce the obligations of the related Originator
pursuant to the terms of the related Master Agreement to submit or cause to
be
submitted for recording, at no expense to the Trust Fund, the Trustee, the
Trust
Administrator, the Custodian, the Servicer, the Master Servicer or the
Depositor, in the appropriate public office for real property records, each
Assignment referred to in Sections 2.01(iii) and (iv) above and in connection
therewith, the Trustee (upon receipt of notice from the Custodian) shall enforce
the obligation of each Originator pursuant to the terms of the related Master
Agreement to execute each original Assignment in the following form: “U.S. Bank
National Association, as Trustee under the applicable agreement.” In the event
that any such Assignment is lost or returned unrecorded because of a defect
therein, the Trustee (upon receipt of notice from the Custodian) shall enforce
the obligation of each Originator pursuant to the related Master Agreement
to
promptly prepare or cause to be prepared a substitute Assignment or cure or
cause to be cured such defect, as the case may be, and thereafter cause each
such Assignment to be duly recorded.
In
connection with the assignment of any Mortgage Loan registered on the MERS®
System, the Depositor further agrees that it will cause, within 30 Business
Days
after the Closing Date, the MERS® System to indicate that such Mortgage Loans
have been assigned by the Depositor to the Trustee in accordance with this
Agreement for the benefit of the Certificateholders by including (or deleting,
in the case of Mortgage Loans which are repurchased in accordance with this
Agreement) in such computer files (a) the code in the field which identifies
the
specific Trustee and (b) the code in the field “Pool Field” which identifies the
series of the Certificates issued in connection with such Mortgage Loans. The
Depositor further agrees that it will not, and will not permit either Servicer
to, and each Servicer agrees that it will not, alter the codes referenced in
this paragraph with respect to any Mortgage Loan during the term of this
Agreement unless and until such Mortgage Loan is repurchased in accordance
with
the terms of this Agreement.
If
any of
the documents referred to in Sections 2.01(ii), (iii) or (iv) has, as of the
Closing Date, been submitted for recording but either (x) has not been returned
from the applicable public recording office or (y) has been lost or such public
recording office has retained the original of such document, the obligations
of
the Depositor to deliver such documents shall be deemed to be satisfied upon
(1)
delivery to the Trustee (or the Custodian on behalf of the Trustee) of a copy
of
each such document certified by the related Originator in the case of (x) above
or the applicable public recording office in the case of (y) above to be a
true
and complete copy of the original that was submitted for recording and (2)
if
such copy is certified by the related Originator, delivery to the Trustee (or
the Custodian on behalf of the Trustee) promptly upon receipt thereof of either
the original or a copy of such document certified by the applicable public
recording office to be a true and complete copy of the original.
If
the
original lender’s title insurance policy was not delivered pursuant to Section
2.01(vi) above, the Depositor shall deliver or cause to be delivered to the
Custodian on behalf of the Trustee, promptly after receipt thereof, the original
lender’s title insurance policy with a copy thereof to the related Servicer. The
Depositor shall deliver or cause to be delivered to the Custodian on behalf
of
the Trustee promptly upon receipt thereof any other original documents
constituting a part of a Mortgage File received with respect to any Mortgage
Loan, including, but not limited to, any original documents evidencing an
assumption or modification of any Mortgage Loan with a copy thereof to the
related Servicer.
The
Depositor shall deliver or cause each Originator, the Trustee or the Custodian
on behalf of the Trustee to deliver to the related Servicer copies of all
trailing documents required to be included in the servicing file at the same
time the originals or certified copies thereof are delivered to the Trustee
or
the Custodian, such documents including but not limited to the mortgagee policy
of title insurance and any mortgage loan documents upon return from the
recording office. Neither Servicer shall be responsible for any custodian fees
or other costs incurring in obtaining such documents and the Depositor shall
cause each Servicer to be reimbursed for any such costs it may incur in
connection with performing its obligations under this Agreement. Subject to
Section 6.03(a), neither Servicer shall have any liability as a result of an
inability to service any Mortgage Loan due to its failure to receive any
documents missing from the Mortgage File or servicing file.
All
original documents relating to the Mortgage Loans that are not delivered to
the
Trustee (or the Custodian on behalf of the Trustee) are and shall be held by
or
on behalf of the related Originator, the Seller, the Depositor or the related
Servicer, as the case may be, in trust for the benefit of the Trustee on behalf
of the Certificateholders. In the event that any such original document is
required pursuant to the terms of this Section 2.01 to be a part of a Mortgage
File, such document shall be delivered promptly to the Trustee (or the Custodian
on behalf of the Trustee). Any such original document delivered to or held
by
the Depositor that is not required pursuant to the terms of this Section to
be a
part of a Mortgage File, shall be delivered promptly to the related
Servicer.
The
Depositor and the Trustee hereto understand and agree that it is not intended
that any Mortgage Loan be included in the Trust that is a “High-Cost Home Loan”
as defined by the Homeownership and Equity Protection Act of 1994 or any other
applicable predatory or abusive lending laws.
The
Depositor hereby directs the Trust
Administrator to
execute, deliver and perform its obligations under the Cap Contract, the
Interest Rate Swap Agreements (in its capacity as Supplemental Interest Trust
Trustee) and to assign any rights to receive payments from a Swap Provider
to
the Swap Administrator pursuant to the Swap Administration Agreement and the
Depositor further directs the Trust Administrator to execute, deliver and
perform its obligations under the Swap Administration Agreement. The Seller,
the
Depositor, the Servicers and the Holders of the Class A Certificates and the
Mezzanine Certificates by their acceptance of such Certificates acknowledge
and
agree that the Trust Administrator shall execute, deliver and perform its
obligations under the Cap Contract, the Interest Rate Swap Agreements and the
Swap Administration Agreement and shall do so solely in its capacity as Trust
Administrator or as Swap Administrator, as the case may be, and not in its
individual capacity. Every provision of this Agreement relating to the conduct
or affecting the liability of or affording protection to the Trust Administrator
shall apply to the Trust Administrator’s execution of the execution of the Cap
Contract, the Interest Rate Swap Agreements and the Swap Administration
Agreement, and the performance of its duties and satisfaction of its obligations
thereunder.
SECTION 2.02. |
Acceptance
of REMIC I by Trustee.
|
The
Trustee acknowledges receipt (or receipt by the Custodian on behalf of the
Trustee), subject to the provisions of Section 2.01 and subject to any
exceptions noted on the exception report described in the next paragraph below,
of the documents referred to in Section 2.01 (other than such documents
described in Section 2.01(v)) above and all other assets included in the
definition of “REMIC I” under clauses (i), (iii), (iv) and (v) (to the extent of
amounts deposited into the Distribution Account) and declares that it holds
and
will hold such documents and the other documents delivered to it constituting
a
Mortgage File, and that it holds or will hold all such assets and such other
assets included in the definition of “REMIC I” in trust for the exclusive use
and benefit of all present and future Certificateholders.
The
Custodian on behalf of the Trustee agrees to execute and deliver to the
Depositor and the NIMS Insurer on or prior to the Closing Date an acknowledgment
of receipt of the original Mortgage Note (with any exceptions noted),
substantially in the form attached as Exhibit C-3 hereto.
The
Trustee (or the Custodian on behalf of the Trustee) agrees, for the benefit
of
the Certificateholders and the NIMS Insurer, to review each Mortgage File and,
within 45 days of the Closing Date, to certify in substantially the form
attached hereto as Exhibit C-1 that, as to each Mortgage Loan listed in the
Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any
Mortgage Loan specifically identified in the exception report annexed thereto
as
not being covered by such certification), (i) all documents constituting part
of
such Mortgage File (other than such documents described in Section 2.01(v))
required to be delivered to it pursuant to this Agreement are in its possession,
(ii) such documents have been reviewed by it and appear regular on their face
and relate to such Mortgage Loan and (iii) based on its examination and only
as
to the foregoing, the information set forth in the Mortgage Loan Schedule that
corresponds to items (1), (3), (12), (15) and (18) of the definition of
“Mortgage Loan Schedule” accurately reflects information set forth in the
Mortgage File. It is herein acknowledged that, in conducting such review, the
Trustee (or the Custodian on behalf of the Trustee) is under no duty or
obligation (i) to inspect, review or examine any such documents, instruments,
certificates or other papers to determine whether they are genuine, enforceable,
or appropriate for the represented purpose or whether they have actually been
recorded or that they are other than what they purport to be on their face
or
(ii) to determine whether any Mortgage File should include any of the documents
specified in clause (v) of Section 2.01.
Prior
to
the first anniversary date of this Agreement, the Custodian on behalf of the
Trustee shall deliver to the Depositor, the NIMS Insurer, the Trustee, the
related Servicer and the Master Servicer a final certification in the form
annexed hereto as Exhibit C-2 evidencing the completeness of the Mortgage Files,
with any applicable exceptions noted thereon, and the related Servicer shall
forward a copy thereof to any Sub-Servicer.
If
in the
process of reviewing the Mortgage Files and making or preparing, as the case
may
be, the certifications referred to above, the Trustee (or the Custodian on
behalf of the Trustee) finds any document or documents constituting a part
of a
Mortgage File to be missing or defective in any material respect, at the
conclusion of its review the Trustee (or the Custodian on behalf of the Trustee)
shall so notify the Depositor, the NIMS Insurer, the Trustee, the related
Servicer and the Master Servicer. In addition, upon the discovery by the
Depositor, the NIMS Insurer, either Servicer or the Master Servicer of a breach
of any of the representations and warranties made by an Originator under the
related Master Agreement or the Seller in an Assignment Agreement in respect
of
any Mortgage Loan which materially adversely affects such Mortgage Loan or
the
interests of the related Certificateholders in such Mortgage Loan, the party
discovering such breach shall give prompt written notice to the other
parties.
The
Trustee (or the Custodian on behalf of the Trustee) shall provide, at the
written request and expense of any Certificateholder, provide a written report
to the Trust Administrator for forwarding to such Certificateholder of all
related Mortgage Files released to either Servicer for servicing
purposes.
The
Depositor and the Trustee intend that the assignment and transfer herein
contemplated constitute a sale of the Mortgage Loans, the related Mortgage
Notes
and the related documents, conveying good title thereto free and clear of any
liens and encumbrances, from the Depositor to the Trustee in trust for the
benefit of the Certificateholders and that such property not be part of the
Depositor’s estate or property of the Depositor in the event of any insolvency
by the Depositor. In the event that such conveyance is deemed to be, or to
be
made as security for, a loan, the parties intend that the Depositor shall be
deemed to have granted and does hereby grant to the Trustee a first priority
perfected security interest in all of the Depositor’s right, title and interest
in and to the Mortgage Loans, the related Mortgage Notes and the related
documents, and that this Agreement shall constitute a security agreement under
applicable law.
Notwithstanding
anything to the contrary contained herein, the parties hereto acknowledge that
the functions of the Trustee with respect to the custody, acceptance,
inspection, receipt and release of the Mortgage Files pursuant to Section 2.01,
2.02 and 2.03 and preparation and delivery of the acknowledgements of receipt
and the certifications required under such sections shall be performed by the
Custodian pursuant to the terms and conditions of this Agreement.
SECTION 2.03. |
Repurchase
or Substitution of Mortgage Loans by an Originator or the
Seller.
|
(a) Upon
receipt of written notice from the Custodian of any materially defective
document in, or that a document is missing from, a Mortgage File or from the
Depositor, a Servicer, the Master Servicer, the Trust Administrator or the
Custodian of the breach by an Originator or the Seller of any representation,
warranty or covenant under the related Master Agreement or Assignment Agreement,
as applicable (including any representation, warranty or covenant regarding
the
Prepayment Charge Schedule), in respect of any Mortgage Loan that materially
adversely affects the value of such Mortgage Loan or the interest therein of
the
Certificateholders, the Trustee shall promptly notify such Originator, the
Trust
Administrator, the NIMS Insurer, the Seller, the related Servicer and the Master
Servicer of such defect, missing document or breach and request that the related
Originator or the Seller, as applicable, deliver such missing document or cure
such defect or breach within 90 days from the date such Originator or the
Seller, as applicable, was notified of such missing document, defect or breach,
and if the Trustee receives written notice from the Depositor, a Servicer,
the
Master Servicer, the Trust Administrator or the Custodian, that the related
Oroginator or the Seller, as applicable, has not delivered such missing document
or cured such defect or breach in all material respects during such period,
the
Trustee shall enforce the obligations of such Originator or the Seller, as
applicable, under the related Mater Agreement or Assignment Agreement to
repurchase such Mortgage Loan from REMIC I at the Purchase Price. The Purchase
Price for the repurchased Mortgage Loan shall be remitted to the related
Servicer for deposit in the related Collection Account and the Custodian on
behalf of the the Trustee, upon receipt of written certification from the
related Servicer of such deposit, shall release to the related Originator or
the
Seller, as applicable, the related Mortgage File and the Trustee shall execute
and deliver such instruments of transfer or assignment, in each case without
recourse, as the related
Originator or
the
Seller, as applicable, shall furnish to it and as shall be necessary to vest
in
such Originator or the Seller, as applicable, any Mortgage Loan released
pursuant hereto. In furtherance of the foregoing, if an Originator or the
Seller, as applicable, is not a member of MERS and repurchases a Mortgage Loan
which is registered on the MERS® System, the related Originator or the Seller,
as applicable, at its own expense and without any right of reimbursement, shall
cause MERS to execute and deliver an assignment of the Mortgage in recordable
form to transfer the Mortgage from MERS to the related Originator or the Seller,
as applicable, and shall cause such Mortgage to be removed from registration
on
the MERS® System in accordance with MERS’ rules and regulations. Neither the
Trustee nor the Custodian shall have any further responsibility with regard
to
such Mortgage File. In lieu of repurchasing any such Mortgage Loan as provided
above, if so provided in the related Master Agreement or Assignment Agreement,
an Originator or the Seller, as applicable, may cause such Mortgage Loan to
be
removed from REMIC I (in which case it shall become a Deleted Mortgage Loan)
and
substitute one or more Qualified Substitute Mortgage Loans in the manner and
subject to the limitations set forth in Section 2.03(b); provided, however,
the
related Originator or the Seller, as applicable, may not substitute a Qualified
Substitute Mortgage Loan for any Deleted Mortgage Loan that violates any
predatory or abusive lending law. It is understood and agreed that the
obligation of the Originators or the Seller, as applicable, to cure or to
repurchase (or to substitute for) any Mortgage Loan as to which a document
is
missing, a material defect in a constituent document exists or as to which
such
a breach has occurred and is continuing shall constitute the sole remedy
respecting such omission, defect or breach available to the Trustee and the
Certificateholders.
(b) Any
substitution of Qualified Substitute Mortgage Loans for Deleted Mortgage Loans
made pursuant to Section 2.03(a) must be effected prior to the date which
is two years after the Startup Day for REMIC I.
As
to any
Deleted Mortgage Loan for which an Originator or the Seller, as applicable,
substitutes a Qualified Substitute Mortgage Loan or Loans, such substitution
shall be effected by such Originator or the Seller, as applicable, delivering
to
the Trustee (or the Custodian on behalf of the Trustee), for such Qualified
Substitute Mortgage Loan or Loans, the Mortgage Note, the Mortgage, the
Assignment in blank or to the Custodian
on behalf of the Trustee,
and
such other documents and agreements, with all necessary endorsements thereon,
as
are required by Section 2.01, together with an Officers’ Certificate providing
that each such Qualified Substitute Mortgage Loan satisfies the definition
thereof and specifying the Substitution Adjustment Amount (as described below),
if any, in connection with such substitution. The Custodian on behalf of the
Trustee shall acknowledge receipt for such Qualified Substitute Mortgage Loan
or
Loans and, within ten Business Days thereafter, review such documents as
specified in Section 2.02 and deliver to the Depositor, the NIMS Insurer and
the
related Servicer, with respect to such Qualified Substitute Mortgage Loan or
Loans, a certification substantially in the form attached hereto as Exhibit
C-1,
with any applicable exceptions noted thereon. Within one year of the date of
substitution, the Custodian on behalf of the Trustee shall deliver to the
Depositor, the NIMS Insurer and the related Servicer a certification
substantially in the form of Exhibit C-2 hereto with respect to such Qualified
Substitute Mortgage Loan or Loans, with any applicable exceptions noted thereon.
Monthly Payments due with respect to Qualified Substitute Mortgage Loans in
the
month of substitution are not part of REMIC I and will be retained by the
related Originator or the Seller, as applicable. For the month of substitution,
distributions to Certificateholders will reflect the Monthly Payment due on
such
Deleted Mortgage Loan on or before the Due Date in the month of substitution,
and the related Originator or the Seller, as applicable, shall thereafter be
entitled to retain all amounts subsequently received in respect of such Deleted
Mortgage Loan. The Depositor shall give or cause to be given written notice
to
the Certificateholders and the NIMS Insurer that such substitution has taken
place, shall amend the Mortgage Loan Schedule to reflect the removal of such
Deleted Mortgage Loan from the terms of this Agreement and the substitution
of
the Qualified Substitute Mortgage Loan or Loans and shall deliver a copy of
such
amended Mortgage Loan Schedule to the Master Servicer, the Trust Administrator,
the Trustee, the Custodian, the Servicers and the NIMS Insurer. Upon such
substitution, such Qualified Substitute Mortgage Loan or Loans shall constitute
part of the Mortgage Pool and shall be subject in all respects to the terms
of
this Agreement and the related Master Agreement or Assignment Agreement, as
applicable, including, all applicable representations and warranties thereof
included therein.
For
any
month in which an Originator or the Seller, as applicable, substitutes one
or
more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans,
the related Servicer will determine the amount (the “Substitution Adjustment
Amount”), if any, by which the aggregate Purchase Price of all such Deleted
Mortgage Loans exceeds the aggregate of, as to each such Qualified Substitute
Mortgage Loan, the Stated Principal Balance thereof as of the date of
substitution, together with one month’s interest on such Stated Principal
Balance at the applicable Net Mortgage Rate, plus all outstanding Advances
and
Servicing Advances (including Nonrecoverable Advances and Nonrecoverable
Servicing Advances) related thereto. On the date of such substitution, the
related Originator or the Seller, as applicable, will deliver or cause to be
delivered to the related Servicer for deposit in the related Collection Account
an amount equal to the Substitution Adjustment Amount, if any, and the Custodian
on behalf of the Trustee, upon receipt of the related Qualified Substitute
Mortgage Loan or Loans and written notice by the related Servicer of such
deposit, shall release to the related Originator or the Seller, as applicable,
the related Mortgage File or Files and the Trustee shall execute and deliver
such instruments of transfer or assignment, in each case without recourse,
the
related Originator or the Seller, as applicable, shall deliver to it and as
shall be necessary to vest therein any Deleted Mortgage Loan released pursuant
hereto.
In
addition, the related Originator or the Seller, as applicable, shall obtain
at
its own expense and deliver to the Trustee, the Trust Administrator and the
NIMS
Insurer an Opinion of Counsel to the effect that such substitution will not
cause (a) any federal tax to be imposed on any Trust REMIC, including without
limitation, any federal tax imposed on “prohibited transactions” under Section
860F(a)(1) of the Code or on “contributions after the startup date” under
Section 860G(d)(1) of the Code, or (b) any Trust REMIC to fail to qualify as
a
REMIC at any time that any Certificate is outstanding.
(c) Upon
discovery by the Depositor, either Servicer, the NIMS Insurer, any Originator,
the Seller, the Master Servicer or the Trust Administrator that any Mortgage
Loan does not constitute a “qualified mortgage” within the meaning of Section
860G(a)(3) of the Code, the party discovering such fact shall within two
Business Days give written notice thereof to the other parties hereto and the
Trustee shall give written notice to the related Originator and the Seller.
In
connection therewith, the related Originator, the Seller or the Depositor shall
repurchase or, subject to the limitations set forth in Section 2.03(b),
substitute one or more Qualified Substitute Mortgage Loans for the affected
Mortgage Loan within 90 days of the earlier of discovery or receipt of such
notice with respect to such affected Mortgage Loan. Such repurchase or
substitution shall be made by (i) the related Originator or the Seller, as
the
case may be, if the affected Mortgage Loan’s status as a non-qualified mortgage
is or results from a breach of any representation, warranty or covenant made
by
such Originator or the Seller, as the case may be, under the related Master
Agreement or Assignment Agreement, or (ii) the Depositor, if the affected
Mortgage Loan’s status as a non-qualified mortgage is a breach of no
representation or warranty. Any such repurchase or substitution shall be made
in
the same manner as set forth in Section 2.03(a). The Trustee shall reconvey
to
the Depositor, the related Originator or the Seller, as the case may be, the
Mortgage Loan to be released pursuant hereto in the same manner, and on the
same
terms and conditions, as it would a Mortgage Loan repurchased for breach of
a
representation or warranty.
SECTION 2.04. |
Reserved.
|
SECTION 2.05. |
Representations,
Warranties and Covenants of the Servicers and the Master
Servicer.
|
(a) Each
Servicer hereby represents, warrants and covenants to the Trust Administrator
and the Trustee, for the benefit of each of the Trustee, the Trust
Administrator, the Certificateholders and to the Depositor that as of the
Closing Date or as of such date specifically provided herein:
(i) Such
Servicer is a national banking association duly formed, validly existing and
in
good standing under the laws of the United States of America and is duly
authorized and qualified to transact any and all business contemplated by this
Agreement to be conducted by such Servicer;
(ii) Such
Servicer has the full power and authority to conduct its business as presently
conducted by it and to execute, deliver and perform, and to enter into and
consummate, all transactions contemplated by this Agreement. Such Servicer
has
duly authorized the execution, delivery and performance of this Agreement,
has
duly executed and delivered this Agreement, and this Agreement, assuming the
due
authorization, execution and delivery thereof by the Trustee, the Depositor,
the
Master Servicer and the Trust Administrator, constitutes a legal, valid and
binding obligation of such Servicer, enforceable against such Servicer in
accordance with its terms except as the enforceability thereof may be limited
by
bankruptcy, insolvency, reorganization or similar laws affecting the enforcement
of creditors' rights generally, laws affecting the contract obligations of
insured banks and by general principles of equity;
(iii) The
execution and delivery of this Agreement by such Servicer, the servicing of
the
related Mortgage Loans by such Servicer hereunder, the consummation by such
Servicer of any other of the transactions herein contemplated, and the
fulfillment of or compliance with the terms hereof are in the ordinary course
of
business of such Servicer and will not (A) result in a breach of any term or
provision of the charter of by-laws of such Servicer or (B) conflict with,
result in a breach, violation or acceleration of, or result in a default under,
the terms of any other material agreement or instrument to which such Servicer
is a party or by which it may be bound, or any statute, order or regulation
applicable to such Servicer of any court, regulatory body, administrative agency
or governmental body having jurisdiction over such Servicer; and such Servicer
is not a party to, bound by, or in breach or violation of any indenture or
other
agreement or instrument, or subject to or in violation of any statute, order
or
regulation of any court, regulatory body, administrative agency or governmental
body having jurisdiction over it, which materially and adversely affects or,
to
such Servicer's knowledge, would in the future materially and adversely affect,
(x) the ability of the Servicer to perform its obligations under this Agreement,
(y) the business, operations, financial condition, properties or assets of
such
Servicer taken as a whole or (z) the legality, validity or enforceability of
this Agreement;
(iv) JPMorgan
is an approved seller/servicer for Xxxxxx Xxx and Xxxxxxx Mac in good standing
and Xxxxx Fargo is a HUD approved mortgagee pursuant to Section 203 and Section
211 of the National Housing Act and is an approved seller/servicer for Xxxxxx
Xxx or Xxxxxxx Mac in good standing. No event has occurred, including but not
limited to a change in insurance coverage, that would make Xxxxx Fargo unable
to
comply with HUD eligibility requirements or that would require notification
to
HUD;
(v) Such
Servicer does not believe, nor does it have any reason or cause to believe,
that
it cannot perform each and every covenant made by it and contained in this
Agreement;
(vi) No
litigation is pending against such Servicer that would materially and adversely
affect the execution, delivery or enforceability of this Agreement or the
ability of such Servicer to service the Mortgage Loans serviced by it or to
perform any of its other obligations hereunder in accordance with the terms
hereof
(vii) There
are
no actions or proceedings against, or investigations known to it of, such
Servicer before any court, administrative or other tribunal (A) that might
prohibit its entering into this Agreement, (B) seeking to prevent the
consummation of the transactions contemplated by this Agreement or (C) that
might prohibit or materially and adversely affect the performance by such
Servicer of its obligations under, or the validity or enforceability of, this
Agreement;
(viii) No
consent, approval, authorization or order of any court or governmental agency
or
body is required for the execution, delivery and performance by such Servicer
of, or compliance by such Servicer with, this Agreement or the consummation
by
it of the transactions contemplated by this Agreement, except for such consents,
approvals, authorizations or orders, if any, that have been obtained prior
to
the Closing Date;
(ix) Such
Servicer has fully furnished and will continue to fully furnish, in accordance
with the Fair Credit Reporting Act and its implementing regulations, accurate
and complete information (e.g., favorable and unfavorable) on its borrower
credit files to Equifax, Experian and Trans Union Credit Information Company
or
their successors (the “Credit Repositories”) in a timely manner; and
(x) Such
Servicer is a member of MERS in good standing, and will comply in all material
respects with the rules and procedures of MERS in connection with the servicing
of the Mortgage Loans that are registered with MERS.
It
is
understood and agreed that the representations, warranties and covenants set
forth in this Section 2.05 shall survive delivery of the Mortgage Files to
the
Custodian on behalf of the Trustee and shall inure to the benefit of the
Trustee, the Trust Administrator, the Depositor and the Certificateholders.
Upon
discovery by any of the Depositor, the Servicer, the Trust Administrator or
the
Trustee of a breach of any of the foregoing representations, warranties and
covenants which materially and adversely affects the value of any Mortgage
Loan
or the interests therein of the Certificateholders, the party discovering such
breach shall give prompt written notice (but in no event later than two Business
Days following such discovery) to the Trustee and the Trust Administrator.
Subject to Section 7.01(a), the obligation of each Servicer set forth in Section
2.03(c) to cure breaches shall constitute the sole remedies against the
Servicers available to the Certificateholders, the Depositor, the Trust
Administrator or the Trustee on behalf of the Certificateholders respecting
a
breach of the representations, warranties and covenants contained in this
Section 2.05.
(b) The
Master Servicer hereby represents, warrants and covenants to the Trustee, for
the benefit of each of the Trustee and the Certificateholders, and to the
Servicer and the Depositor that as of the Closing Date or as of such date
specifically provided herein:
(i) The
Master Servicer is a national banking association duly formed, validly existing
and in good standing under the laws of the United States of America and is
duly
authorized and qualified to transact any and all business contemplated by this
Agreement to be conducted by the Master Servicer;
(ii) The
Master Servicer has the full power and authority to conduct its business as
presently conducted by it and to execute, deliver and perform, and to enter
into
and consummate, all transactions contemplated by this Agreement. The Master
Servicer has duly authorized the execution, delivery and performance of this
Agreement, has duly executed and delivered this Agreement, and this Agreement,
assuming due authorization, execution and delivery by the Depositor and the
Trustee, constitutes a legal, valid and binding obligation of the Master
Servicer, enforceable against it in accordance with its terms except as the
enforceability thereof may be limited by bankruptcy, insolvency, reorganization
or similar laws affecting the enforcement of creditors’ rights generally and by
general principles of equity;
(iii) The
execution and delivery of this Agreement by the Master Servicer, the
consummation by the Master Servicer of any other of the transactions herein
contemplated, and the fulfillment of or compliance with the terms hereof are
in
the ordinary course of business of the Master Servicer and will not (A) result
in a breach of any term or provision of charter and by-laws of the Master
Servicer or (B) conflict with, result in a breach, violation or acceleration
of,
or result in a default under, the terms of any other material agreement or
instrument to which the Master Servicer is a party or by which it may be bound,
or any statute, order or regulation applicable to the Master Servicer of any
court, regulatory body, administrative agency or governmental body having
jurisdiction over the Master Servicer; and the Master Servicer is not a party
to, bound by, or in breach or violation of any indenture or other agreement
or
instrument, or subject to or in violation of any statute, order or regulation
of
any court, regulatory body, administrative agency or governmental body having
jurisdiction over it, which materially and adversely affects or, to the Master
Servicer’s knowledge, would in the future materially and adversely affect, the
ability of the Master Servicer to perform its obligations under this
Agreement;
(iv) The
Master Servicer or an Affiliate thereof is an approved seller/servicer for
Xxxxxx Xxx or Xxxxxxx Mac in good standing and is a HUD approved mortgagee
pursuant to Section 203 of the National Housing Act;
(v) The
Master Servicer does not believe, nor does it have any reason or cause to
believe, that it cannot perform each and every covenant made by it and contained
in this Agreement;
(vi) No
litigation is pending against the Master Servicer that would materially and
adversely affect the execution, delivery or enforceability of this Agreement
or
the ability of the Master Servicer to perform any of its other obligations
hereunder in accordance with the terms hereof,
(vii) There
are
no actions or proceedings against, or investigations known to it of, the Master
Servicer before any court, administrative or other tribunal (A) that might
prohibit its entering into this Agreement, (B) seeking to prevent the
consummation of the transactions contemplated by this Agreement or (C) that
might prohibit or materially and adversely affect the performance by the Master
Servicer of its obligations under, or validity or enforceability of, this
Agreement;
(viii) No
consent, approval, authorization or order of any court or governmental agency
or
body is required for the execution, delivery and performance by the Master
Servicer of, or compliance by the Master Servicer with, this Agreement or the
consummation of the transactions contemplated by this Agreement, except for
such
consents, approvals, authorizations or orders, if any, that have been obtained
prior to the Closing Date.
It
is
understood and agreed that the representations, warranties and covenants set
forth in this Section 2.05 shall survive delivery of the Mortgage Files to
the Trust Administrator, the Trustee or the Custodian, as applicable and shall
inure to the benefit of the Trustee, the Depositor and the Certificateholders.
Upon discovery by any of the Depositor, the Servicer, the Master Servicer,
the
NIMS Insurer or the Trustee of a breach of any of the foregoing representations,
warranties and covenants which materially and adversely affects the value of
any
Mortgage Loan or the interests therein of the Certificateholders, the party
discovering such breach shall give prompt written notice (but in no event later
than two Business Days following such discovery) to other parties to this
Agreement.
SECTION 2.06. |
Conveyance
of REMIC Regular Interests and Acceptance of REMIC I, REMIC II, REMIC
III, REMIC IV, REMIC V, REMIC VI and REMIC VII by the Trustee; Issuance
of
Certificates.
|
(a) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the assets
described in the definition of REMIC I for the benefit of the Holders of the
REMIC I Regular Interests (which are uncertificated) and the Class R
Certificates (in respect of the Class R-I Interest). The Trustee acknowledges
receipt of the assets described in the definition of REMIC I and declares that
it holds and will hold the same in trust for the exclusive use and benefit
of
the holders of the REMIC I Regular Interests and the Class R Certificates (in
respect of the Class R-I Interest). The interests evidenced by the Class R-I
Interest, together with the REMIC I Regular Interests, constitute the entire
beneficial ownership interest in REMIC I.
(b) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the REMIC
I Regular Interests (which are uncertificated) for the benefit of the Holders
of
the REMIC II Regular Interests (which are uncertificated) and the Class R
Certificates (in respect of the Class R-II Interest). The Trustee acknowledges
receipt of the REMIC I Regular Interests and declares that it holds and will
hold the same in trust for the exclusive use and benefit of the Holders of
the
REMIC II Regular Interests and the Class R Certificates (in respect of the
Class
R-II Interest). The interests evidenced by the Class R-II Interest, together
with the REMIC II Regular Interests, constitute the entire beneficial ownership
interest in REMIC II.
(c) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the REMIC
II Regular Interests (which are uncertificated) for the benefit of the Holders
of the REMIC III Regular Interests and the Class R Certificates (in respect
of
the Class R-III Interest). The Trustee acknowledges receipt of the REMIC II
Regular Interests and declares that it holds and will hold the same in trust
for
the exclusive use and benefit of the Holders of the REMIC III Regular Interests
and the Class R Certificates (in respect of the Class R-III Interest). The
interests evidenced by the Class R-III Interest, together with the Regular
Certificates (other than the Class CE Certificates and the Class P
Certificates), the Class CE Interest, the Class P Interest, the Class Swap-IO-1
Interest and the Class SWAP-IO-2 Interest, constitute the entire beneficial
ownership interest in REMIC III.
(d) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the Class
CE Interest (which is uncertificated) for the benefit of the Holders of the
Class CE Certificates and the Class R-X Certificates (in respect of the Class
R-IV Interest). The Trustee acknowledges receipt of the Class CE Interest and
declares that it holds and will hold the same in trust for the exclusive use
and
benefit of the Holders of the Class CE Certificates and the Class R-X
Certificates (in respect of the Class R-IV Interest). The interests evidenced
by
the Class R-IV Interest, together with the Class CE Certificates, constitute
the
entire beneficial ownership interest in REMIC IV.
(e) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the Class
P Interest (which is uncertificated) for the benefit of the Holders of the
Class
P Certificates and the Class R-X Certificates (in respect of the Class R-V
Interest). The Trustee acknowledges receipt of the Class P Interest and declares
that it holds and will hold the same in trust for the exclusive use and benefit
of the Holders of the Class P Certificates and the Class R-X Certificates (in
respect of the Class R-V Interest). The interests evidenced by the Class R-V
Interest, together with the Class P Certificates, constitute the entire
beneficial ownership interest in REMIC V.
(f) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the Class
Swap-IO-1 Interest (which is uncertificated) for the benefit of the Holders
of
REMIC VI Regular Interest SWAP -IO-1 and the Class R-X Certificates (in respect
of the Class R-VI Interest). The Trustee acknowledges receipt of the Class
Swap-IO-1 Interest and declares that it holds and shall hold the same in trust
for the exclusive use and benefit of the Holders of REMIC VI Regular Interest
SWAP -IO-1 and the Class R-X Certificates (in respect of the Class R-VI
Interest). The interests evidenced by the Class R-VI Interest, together with
REMIC VI Regular Interest SWAP-IO-1, constitute the entire beneficial ownership
interest in REMIC VI.
(g) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the Class
Swap-IO-2 Interest (which is uncertificated) for the benefit of the Holders
of
REMIC VII Regular Interest SWAP-IO-2 and the Class R-X Certificates (in respect
of the Class R-VII Interest). The Trustee acknowledges receipt of the Class
Swap-IO-2 Interest and declares that it holds and shall hold the same in trust
for the exclusive use and benefit of the Holders of REMIC VII Regular Interest
SWAP-IO-2 and the Class R-X Certificates (in respect of the Class R-VII
Interest). The interests evidenced by the Class R-VII Interest, together with
REMIC VII Regular Interest SWAP-IO-2, constitute the entire beneficial ownership
interest in REMIC VII.
SECTION 2.07. |
Issuance
of Class R Certificates and Class R-X
Certificates.
|
(a) The
Trustee acknowledges the assignment to it of the REMIC I Regular Interests
and
REMIC II Regular Interests and, concurrently therewith and in exchange therefor,
pursuant to the written request of the Depositor executed by an officer of
the
Depositor, the Trustee has executed, authenticated and delivered to or upon
the
order of the Depositor, the Class R Certificates in authorized denominations.
The interests evidenced by the Class R Certificates (in respect of the Class
R-III Interest), together with the REMIC III Certificates, the Class CE
Interest, the Class P Interest, the Class Swap-IO-1 Interest and the Class
Swap-IO-2 Interest, constitute the entire beneficial ownership interest in
REMIC
III.
(b) The
Trustee acknowledges the assignment to it of the Class CE Interest, the Class
P
Interest, the Class Swap-IO-1 Interest and the Class Swap-IO-2 Interest,
concurrently therewith and in exchange therefor, pursuant to the written request
of the Depositor executed by an officer of the Depositor, the Trustee has
executed, authenticated and delivered to or upon the order of the Depositor,
the
Class R-X Certificates in authorized denominations. The interests evidenced
by
the Class R-X Certificates, together with the Class CE Certificates, the Class
P
Certificates, the REMIC VI Regular Interest SWAP-IO-1 and the REMIC VII Regular
Interest SWAP-IO-2 constitute the entire beneficial ownership interest in REMIC
IV, REMIC V, REMIC VI and REMIC VII.
ARTICLE
III
ADMINISTRATION
AND SERVICING
OF
THE
MORTGAGE LOANS
SECTION 3.01. |
Servicer
to Act as Servicer.
|
Unless
otherwise specified, all references to actions to be taken by “the Servicer”
under this Article III or any other provision of this Agreement with respect
to
a Mortgage Loan or Mortgage Loans or with respect to an REO Property or REO
Properties shall be to actions to be taken or previously taken by the related
Servicer with respect to a Mortgage Loan or Mortgage Loans serviced thereby
or
with respect to an REO Property or REO Properties administered
thereby.
Furthermore, unless otherwise specified, all references to actions to be taken
or previously taken by “the Servicer” under this Article III or any other
provision of this Agreement with respect to “the Collection Account” or “the
Servicing Account” shall be to actions to be taken or previously taken by each
Servicer with respect to the Collection Account or the Escrow Account to be
established and maintained thereby. Consistent with the foregoing, but only
insofar as the context so permits, this Article III is to be read with respect
to each Servicer as if such Servicer alone was servicing and administering
its
respective Mortgage Loans hereunder.
Xxxxx
Fargo shall service and administer the Xxxxx Fargo Mortgage Loans on behalf
of
the Trust Fund and in the best interests of and for the benefit of the
Certificateholders (as determined by the Servicer in its reasonable judgment)
in
accordance with the terms of this Agreement and the respective Mortgage Loans
and, to the extent consistent with such terms, in the same manner in which
it
services and administers similar mortgage loans for its own portfolio, giving
due consideration to customary and usual standards of practice of prudent
mortgage lenders and loan servicers administering similar mortgage loans but
without regard to:
(i) any
relationship that the Servicer, any Sub-Servicer or any Affiliate of the
Servicer or any Sub-Servicer may have with the related Mortgagor;
(ii) the
ownership or non-ownership of any Certificate by the Servicer or any Affiliate
of the Servicer;
(iii) the
Servicer’s obligation to make Advances or Servicing Advances; or
(iv) the
Servicer’s or any Sub-Servicer’s right to receive compensation for its services
hereunder or with respect to any particular transaction.
JPMorgan
shall service and administer the JPMorgan Mortgage Loans on behalf of the Trust
Fund and in the best interests of and for the benefit of the Certificateholders
(as determined by JPMorgan in its reasonable judgment) in accordance with the
JPMorgan Servicing Standard and the respective Mortgage Loans.
To
the
extent consistent with the foregoing, the Servicer (a) shall seek to maximize
the timely and complete recovery of principal and interest on the Mortgage
Notes
and (b) shall waive (or permit a Sub-Servicer to waive) a Prepayment Charge
only
under the following circumstances: (i) such waiver is standard and customary
in
servicing similar mortgage loans and such waiver relates to a default or a
reasonably foreseeable default and would, in the reasonable judgment of the
Servicer, maximize recovery of total proceeds taking into account the value
of
such Prepayment Charge and the related Mortgage Loan, (ii) the collection of
such Prepayment Charge would be in violation of applicable laws, (iii) the
amount of the Prepayment Charge set forth on the Prepayment Charge Schedule
is
not consistent with the related Mortgage Note or is otherwise unenforceable,
(iv) the collection of such Prepayment Charge would be considered “predatory”
pursuant to written guidance published or issued by any applicable federal,
state or local regulatory authority acting in its official capacity and having
jurisdiction over such matters or (v) the Servicer has not received information
and documentation sufficient to confirm the existence or amount of such
Prepayment Charge. If a Prepayment Charge is waived as permitted by meeting
the
standard described in clauses (ii), (iii), (iv) or (v) above, then the Trustee
(upon receipt of written notice from the Servicer that such waiver has occurred)
shall enforce the obligation of the related Originator to pay the amount of
such
waived Prepayment Charge to the Trust Administrator for deposit in the
Distribution Account for the benefit of the Holders of the Class P Certificates
(the “Originator Prepayment Charge Payment Amount”). If a Prepayment Charge is
waived other than in accordance with (i) through (v) above, the Servicer shall
pay the amount of such waived Prepayment Charge to the Trust Administrator
for
deposit in the Distribution Account for the benefit of the Holders of the Class
P Certificates (the “Servicer Prepayment Charge Payment Amount”).
To
the
extent consistent with the foregoing, the Servicer shall also seek to maximize
the timely and complete recovery of principal and interest on the Mortgage
Notes. Subject only to the above-described servicing standards (with respect
to
Xxxxx Fargo) or to the JPMorgan
Servicing Standard (with respect to JPMorgan) and
the
terms of this Agreement and of the respective Mortgage Loans, the Servicer
shall
have full power and authority, acting alone or through Sub-Servicers as provided
in Section 3.02, to do or cause to be done any and all things in connection
with
such servicing and administration which it may deem necessary or desirable.
Without limiting the generality of the foregoing, the Servicer in its own name
or in the name of a Sub-Servicer is hereby authorized and empowered by the
Trustee when the Servicer believes it appropriate in its best judgment in
accordance with the servicing standards set forth above (with respect to Xxxxx
Fargo) and with the JPMorgan Servicing Standard (with respect to JPMorgan),
to
execute and deliver, on behalf of the Certificateholders and the Trustee, and
upon notice to the Trustee any and all instruments of satisfaction or
cancellation, or of partial or full release or discharge, and all other
comparable instruments, with respect to the Mortgage Loans and the Mortgaged
Properties and to institute foreclosure proceedings or obtain a deed-in-lieu
of
foreclosure so as to convert the ownership of such properties, and to hold
or
cause to be held title to such properties, on behalf of the Trustee and
Certificateholders. The Servicer shall service and administer the Mortgage
Loans
in accordance with applicable state and federal law and shall provide to the
Mortgagors any reports required to be provided to them thereby. The Servicer
shall also comply in the performance of this Agreement with all reasonable
rules
and requirements of any standard hazard insurance policy. Subject to Section
3.17, the Trustee shall execute, at the written request of the Servicer, and
furnish to the Servicer and any Sub-Servicer such documents as are necessary
or
appropriate to enable the Servicer or any Sub-Servicer to carry out their
servicing and administrative duties hereunder, and the Trustee hereby grants
to
the Servicer a power of attorney to carry out such duties. The Trustee shall
not
be liable for the actions of the Servicer or any Sub-Servicers under such powers
of attorney.
In
accordance with the standards of the preceding paragraph, the Servicer shall
advance or cause to be advanced funds as necessary for the purpose of effecting
the timely payment of taxes and assessments on the Mortgaged Properties, which
advances shall be Servicing Advances reimbursable in the first instance from
related collections from the Mortgagors pursuant to Section 3.09, and further
as
provided in Section 3.11. Any cost incurred by the Servicer or by Sub-Servicers
in effecting the timely payment of taxes and assessments on a Mortgaged Property
shall not, for the purpose of calculating distributions to Certificateholders,
be added to the unpaid principal balance of the related Mortgage Loan,
notwithstanding that the terms of such Mortgage Loan so permit provided,
however, that (subject to Section 3.07) the Servicer may capitalize the amount
of any Servicing Advances incurred pursuant to this Section 3.01 in connection
with the modification of a Mortgage Loan.
The
Servicer further is authorized and empowered by the Trustee, on behalf of the
Certificateholders and the Trustee, in its own name or in the name of the
Sub-Servicer (but not at its expense), when the Servicer or the Sub-Servicer,
as
the case may be, believes it is appropriate in its best judgment to register
any
Mortgage Loan on the MERS System, or cause the removal from the registration of
any Mortgage Loan on the MERS System, to execute and deliver, on behalf of
the
Trustee and the Certificateholders or any of them, any and all instruments
of
assignment and other comparable instruments with respect to such assignment
or
re-recording of a Mortgage in the name of MERS, solely as nominee for the
Trustee and its successors and assigns. Any reasonable expenses (i) incurred
as
a result of MERS discontinuing or becoming unable to continue operations in
connection with the MERS System or (ii) if the affected Mortgage Loan is in
default or, in the judgment of the Servicer, such default is reasonably
foreseeable, incurred in connection with the actions described in the preceding
sentence, shall be subject to withdrawal by the Servicer from the Collection
Account.
Notwithstanding
anything in this Agreement to the contrary, the Servicer may not make any future
advances with respect to a Mortgage Loan (except as provided in Section 4.03)
and the Servicer shall not (i) permit any modification with respect to any
Mortgage Loan (except with respect to a Mortgage Loan that is in default or,
in
the judgment of the Servicer, such default is reasonably foreseeable) that
would
change the Mortgage Rate, reduce or increase the principal balance (except
for
reductions resulting from actual payments of principal) or change the final
maturity date on such Mortgage Loan or (ii) permit any modification, waiver
or
amendment of any term of any Mortgage Loan that would both (A) effect an
exchange or reissuance of such Mortgage Loan under Section 1001 of the Code
(or
final, temporary or proposed Treasury regulations promulgated thereunder) and
(B) cause any REMIC to fail to qualify as a REMIC under the Code or the
imposition of any tax on “prohibited transactions” or “contributions after the
startup date” under the REMIC Provisions.
Notwithstanding
anything in this Agreement to the contrary and notwithstanding its ability
to do
so pursuant to the terms of the related mortgage note, the Servicer shall not
be
required to enforce any provision in any mortgage note the enforcement of which
would violate federal, state or local laws or ordinances designed to discourage
predatory lending practices.
The
Servicer may delegate its responsibilities under this Agreement; provided,
however, that no such delegation shall release the Servicer from the
responsibilities or liabilities arising under this Agreement.
SECTION 3.02. |
Sub-Servicing
Agreements Between Servicer and
Sub-Servicers.
|
(a) The
Servicer may enter into Sub-Servicing Agreements (provided that such agreements
would not result in a withdrawal or a downgrading by the Rating Agencies of
the
rating on any Class of Certificates) with Sub-Servicers, for the servicing
and
administration of the Mortgage Loans; provided, however, that (i) such
sub-servicing arrangement and the terms of the related Sub-Servicing Agreement
must provide for the servicing of Mortgage Loans in a manner consistent with
the
servicing arrangement contemplated hereunder and (ii) the NIMS Insurer shall
have consented to such Sub-Servicing Agreement.
As
of the
Closing Date, JPMorgan has engaged CHF to act as a Sub-Servicer with respect
to
JPMorgan’s servicing obligations under this Agreement. So long as JPMorgan is
not a ranked servicer by the Rating Agencies, JPMorgan agrees that prior to
replacing CHF as a Sub-Servicer, other than with an Affiliate of JPMorgan that
is a ranked servicer, it will obtain written confirmation from each Rating
Agency that such replacement of CHF as Sub-Servicer with respect to JPMorgan’s
servicing obligations related to the JPMorgan Mortgage Loans will not cause
the
current rating on the Certificates to be withdrawn or lowered by the Rating
Agencies and any replacement Sub-Servicer shall sub-service in accordance with
the terms of this Agreement, including but not limited to the consideration
of
whether to waive a Prepayment Charge hereunder.
(b) Each
Sub-Servicer shall be (i) authorized to transact business in the state or states
in which the related Mortgaged Properties it is to service are situated, if
and
to the extent required by applicable law to enable the Sub-Servicer to perform
its obligations hereunder and under the Sub-Servicing Agreement and (ii) a
Xxxxxxx Mac or Xxxxxx Mae approved mortgage servicer. Each Sub-Servicing
Agreement must impose on the Sub-Servicer requirements conforming to the
provisions set forth in Section 3.08, 3.20, 3.21 and 4.06 and provide for
servicing of the Mortgage Loans consistent with the terms of this Agreement.
The
Servicer will examine each Sub-Servicing Agreement and will be familiar with
the
terms thereof. The terms of any Sub-Servicing Agreement will not be inconsistent
with any of the provisions of this Agreement. The Servicer and the Sub-Servicers
may enter into and make amendments to the Sub-Servicing Agreements or enter
into
different forms of Sub-Servicing Agreements; provided, however, that any such
amendments or different forms shall be consistent with and not violate the
provisions of this Agreement, and that no such amendment or different form
shall
be made or entered into which could be reasonably expected to be materially
adverse to the interests of the Certificateholders, without the consent of
the
Holders of Certificates entitled to at least 66% of the Voting Rights. Any
variation without the consent of the Holders of Certificates entitled to at
least 66% of the Voting Rights from the provisions set forth in Section 3.08
(relating to insurance or priority requirements of Sub-Servicing Accounts,
or
credits and charges to the Sub- Servicing Accounts or the timing and amount
of
remittances by the Sub-Servicers to the Servicer), Section 3.20 or Section
3.21,
are conclusively deemed to be inconsistent with this Agreement and therefore
prohibited. The Servicer shall deliver to the Trustee and the Trust
Administrator, the Master Servicer and the NIMS Insurer copies of all
Sub-Servicing Agreements, and any amendments or modifications thereof, promptly
upon the Servicer’s execution and delivery of such instruments.
(c) As
part
of its servicing activities hereunder, the Servicer (except as otherwise
provided in the last sentence of this paragraph), for the benefit of the Trustee
and the Certificateholders, shall enforce the obligations of each Sub-Servicer
under the related Sub-Servicing Agreement, including, without limitation, any
obligation of a Sub-Servicer to make advances in respect of delinquent payments
as required by a Sub-Servicing Agreement. Such enforcement, including, without
limitation, the legal prosecution of claims, termination of Sub-Servicing
Agreements, and the pursuit of other appropriate remedies, shall be in such
form
and carried out to such an extent and at such time as the Servicer, in its
good
faith business judgment, would require were it the owner of the related Mortgage
Loans. The Servicer shall pay the costs of such enforcement at its own expense,
and shall be reimbursed therefor only (i) from a general recovery resulting
from
such enforcement, to the extent, if any, that such recovery exceeds all amounts
due in respect of the related Mortgage Loans, or (ii) from a specific recovery
of costs, expenses or attorneys’ fees against the party against whom such
enforcement is directed.
SECTION 3.03. |
Successor
Sub-Servicers.
|
The
Servicer, with the consent of the NIMS Insurer, (provided, however, that consent
of the NIMS Insurer shall not be required with respect to the Sub-Servicing
Agreement between JPMorgan and CHF), shall be entitled to terminate any
Sub-Servicing Agreement and the rights and obligations of any Sub-Servicer
pursuant to any Sub-Servicing Agreement in accordance with the terms and
conditions of such Sub-Servicing Agreement. In the event of termination of
any
Sub-Servicer, all servicing obligations of such Sub-Servicer shall be assumed
simultaneously by the Servicer without any act or deed on the part of such
Sub-Servicer or the Servicer, and the Servicer either shall service directly
the
related Mortgage Loans or shall enter into a Sub-Servicing Agreement with a
successor Sub-Servicer which qualifies under Section 3.02.
Any
Sub-Servicing Agreement shall include the provision that such agreement may
be
immediately terminated by the Master Servicer (if the Master Servicer is acting
as Servicer) without fee, in accordance with the terms of this Agreement, in
the
event that the Servicer (or the Master Servicer, if it is then acting as
Servicer) shall, for any reason, no longer be the Servicer (including
termination due to a Servicer Event of Default).
SECTION 3.04. |
Liability
of the Servicer.
|
Each
Servicer shall be liable in accordance herewith only to the extent of the
obligations specifically imposed by this Agreement and undertaken hereunder
by
the related Servicer herein.
Notwithstanding
any Sub-Servicing Agreement, any of the provisions of this Agreement relating
to
agreements or arrangements between the Servicer and a Sub-Servicer or reference
to actions taken through a Sub-Servicer or otherwise, the Servicer shall remain
obligated and primarily liable to the Trustee and the Certificateholders for
the
servicing and administering of the Mortgage Loans in accordance with the
provisions of Section 3.01 without diminution of such obligation or liability
by
virtue of such Sub-Servicing Agreements or arrangements or by virtue of
indemnification from the Sub-Servicer and to the same extent and under the
same
terms and conditions as if the Servicer alone were servicing and administering
the Mortgage Loans. The Servicer shall be entitled to enter into any agreement
with a Sub- Servicer for indemnification of the Servicer by such Sub-Servicer
and nothing contained in this Agreement shall be deemed to limit or modify
such
indemnification.
SECTION 3.05. |
No
Contractual Relationship Between Sub-Servicers and the Trustee, the
Trust
Administrator, the NIMS Insurer or
Certificateholders.
|
Any
Sub-Servicing Agreement that may be entered into and any transactions or
services relating to the Mortgage Loans involving a Sub-Servicer in its capacity
as such shall be deemed to be between the Sub-Servicer and the Servicer alone,
and the Trustee, the Master Servicer, the Trust Administrator, the NIMS Insurer
and the Certificateholders shall not be deemed parties thereto and shall have
no
claims, rights, obligations, duties or liabilities with respect to the
Sub-Servicer except as set forth in Section 3.06. The Servicer shall be solely
liable for all fees owed by it to any Sub-Servicer, irrespective of whether
the
Servicer’s compensation pursuant to this Agreement is sufficient to pay such
fees.
SECTION 3.06. |
Assumption
or Termination of Sub-Servicing Agreements by Master
Servicer.
|
In
the
event the Servicer shall for any reason no longer be the Servicer (including
by
reason of the occurrence of a Servicer Event of Default), the Master Servicer,
or, if the Master Servicer is a Servicer, the Trustee (or the successor servicer
appointed pursuant to Section 7.02) shall thereupon assume all of the rights
and
obligations of the Servicer under each Sub-Servicing Agreement that the Servicer
may have entered into, unless the Master Servicer or the Trustee, as applicable,
elects to terminate any Sub-Servicing Agreement in accordance with its terms
as
provided in Section 3.03. Upon such assumption, the Master Servicer or the
Trustee, as applicable (or the successor servicer appointed pursuant to Section
7.02 shall be deemed, subject to Section 3.03, to have assumed all of the
Servicer’s interest therein and to have replaced the Servicer as a party to each
Sub-Servicing Agreement to the same extent as if each Sub-Servicing Agreement
had been assigned to the assuming party, except that (i) the Servicer shall
not
thereby be relieved of any liability or obligations under any Sub-Servicing
Agreement and (ii) none of the Trust Administrator, its designee or any
successor Servicer shall be deemed to have assumed any liability or obligation
of the Servicer that arose before it ceased to be the Servicer.
The
Servicer at its expense shall, upon request of the Master Servicer or the
Trustee, as applicable, deliver to the assuming party all documents and records
relating to each Sub-Servicing Agreement and the Mortgage Loans then being
serviced and an accounting of amounts collected and held by or on behalf of
it,
and otherwise use its best efforts to effect the orderly and efficient transfer
of the Sub-Servicing Agreements to the assuming party.
SECTION 3.07. |
Collection
of Certain Mortgage Loan Payments.
|
The
Servicer shall make reasonable efforts to collect all payments called for under
the terms and provisions of the Mortgage Loans, and shall, to the extent such
procedures shall be consistent with this Agreement and the terms and provisions
of any applicable insurance policies, follow such collection procedures as
it
would follow with respect to mortgage loans comparable to the Mortgage Loans
and
held for its own account. Consistent with the foregoing and the servicing
standards set forth in Section 3.01 (with respect to Xxxxx Fargo) and with
the
JPMorgan Servicing Standard (with respect to JPMorgan), the Servicer may in
its
discretion (i) waive any late payment charge or, if applicable, penalty interest
or (ii) extend the due dates for Monthly Payments due on a Mortgage Note for
a
period of not greater than 180 days; provided that any extension pursuant to
clause (ii) above shall not affect the amortization schedule of any Mortgage
Loan for purposes of any computation hereunder, except as provided below;
provided further that the NIMS Insurer’s prior written consent shall be required
for any modification, waiver or amendment if the aggregate number of outstanding
Mortgage Loans which have been modified, waived or amended exceeds 5% of the
number of Mortgage Loans as of the Cut-off Date. In the event of any such
arrangement pursuant to clause (ii) above, the Servicer shall make timely
advances on such Mortgage Loan during such extension pursuant to Section 4.03
and in accordance with the amortization schedule of such Mortgage Loan without
modification thereof by reason of such arrangements. Notwithstanding the
foregoing, in the event that any Mortgage Loan is in default or, in the judgment
of the Servicer, such default is reasonably foreseeable, the Servicer,
consistent with the standards set forth in Section 3.01 (with respect to Xxxxx
Fargo) and with the JPMorgan Servicing Standard (with respect to JPMorgan),
may
waive, modify or vary any term of such Mortgage Loan (including modifications
that change the Mortgage Rate, forgive the payment of principal or interest
or
extend the final maturity date of such Mortgage Loan), accept payment from
the
related Mortgagor of an amount less than the Stated Principal Balance in final
satisfaction of such Mortgage Loan (such payment, a “Short Pay-off”) or consent
to the postponement of strict compliance with any such term or otherwise grant
indulgence to any Mortgagor without the prior written consent of the NIMS
Insurer, if in the Servicer’s determination such waiver, modification,
postponement or indulgence is not materially adverse to the interests of the
Certificateholders (taking into account any estimated Realized Loss that might
result absent such action); provided, however, the Servicer shall not modify
any
Mortgage Loan in a manner that would capitalize the amount of any unpaid Monthly
Payments or tax or insurance payments advanced by the Servicer on the
Mortgagor’s behalf unless the related Mortgagor shall have remitted an amount
equal to a full Monthly Payment (or, in the case of any Mortgage Loan subject
to
a forbearance plan or bankruptcy plan, a full modified monthly payment under
such plan) in each of the three calendar months immediately preceding the month
of such modification.
SECTION 3.08. |
Sub-Servicing
Accounts.
|
In
those
cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a
Sub-Servicing Agreement, the Sub-Servicer will be required to establish and
maintain one or more accounts (collectively, the “Sub-Servicing Account”). The
Sub-Servicing Account shall be an Eligible Account and shall comply with all
requirements of this Agreement relating to the Collection Account. The
Sub-Servicer shall deposit in the Sub-Servicing Account, in no event more than
two Business Days after the Sub-Servicer’s receipt thereof, all proceeds of
Mortgage Loans received by the Sub-Servicer less its servicing compensation
to
the extent permitted by the Sub-Servicing Agreement. The Sub-Servicer shall
thereafter remit such proceeds to the Servicer for deposit in the Collection
Account not later than two Business Days after the deposit of such amounts
in
the Sub-Servicing Account. For purposes of this Agreement, the Servicer shall
be
deemed to have received payments on the Mortgage Loans when the Sub-Servicer
receives such payments.
SECTION 3.09. |
Collection
of Taxes, Assessments and Similar Items; Servicing
Accounts.
|
To
the
extent the terms of a Mortgage provide for Escrow Payments, the Servicer shall
establish and maintain one or more accounts (the “Servicing Accounts”), into
which all collections from the Mortgagors (or related advances from
Sub-Servicers) for the payment of taxes, assessments, fire, flood, and hazard
insurance premiums, hazard insurance proceeds (to the extent such amounts are
to
be applied to the restoration or repair of the property) and comparable items
for the account of the Mortgagors (“Escrow Payments”) shall be deposited and
retained. Servicing Accounts shall be Eligible Accounts. The Servicer shall
deposit in the Servicing Accounts on a daily basis and in no event later than
the second Business Day after receipt, and retain therein, all Escrow Payments
collected on account of the Mortgage Loans, for the purpose of effecting the
timely payment of any such items as required under the terms of this Agreement.
Withdrawals of amounts from a Servicing Account may be made only to (i) effect
timely payment of taxes, assessments, fire, flood, and hazard insurance
premiums, and comparable items; (ii) reimburse the Servicer out of related
collections for any advances made pursuant to Section 3.01 (with respect to
taxes and assessments) and Section 3.14 (with respect to fire, flood and hazard
insurance); (iii) refund to Mortgagors any sums as may be determined to be
overages; (iv) pay interest, if required and as described below, to Mortgagors
on balances in the Servicing Account; or (v) clear and terminate the Servicing
Account at the termination of the Servicer’s obligations and responsibilities in
respect of the Mortgage Loans under this Agreement in accordance with Article
IX. As part of its servicing duties, the Servicer shall pay to the Mortgagors
interest on funds in Servicing Accounts, to the extent required by law and,
to
the extent that interest earned on funds in the Servicing Accounts is
insufficient, to pay such interest from its or their own funds, without any
reimbursement therefor. Notwithstanding the foregoing, the Servicer shall not
be
obligated to collect Escrow Payments if the related Mortgage Loan does not
require such payments but the Servicer shall nevertheless be obligated to make
Servicing Advances as provided in Section 3.01. In the event the Servicer shall
deposit in the Servicing Accounts any amount not required to be deposited
therein, it may at any time withdraw such amount from the Servicing Accounts,
any provision to the contrary notwithstanding.
To
the
extent that a Mortgage does not provide for Escrow Payments, the Servicer (i)
shall determine whether any such payments are made by the Mortgagor in a manner
and at a time that is necessary to avoid the loss of the Mortgaged Property
due
to a tax sale or the foreclosure as a result of a tax lien and (ii) shall ensure
that all insurance required to be maintained on the Mortgaged Property pursuant
to this Agreement is maintained. If any such payment has not been made and
the
Servicer receives notice of a tax lien with respect to the Mortgage Loan being
imposed, the Servicer will, to the extent required to avoid loss of the
Mortgaged Property, advance or cause to be advanced funds necessary to discharge
such lien on the Mortgaged Property. The Servicer assumes full responsibility
for the payment of all such bills and shall effect payments of all such bills
irrespective of the Mortgagor’s faithful performance in the payment of same or
the making of the Escrow Payments and shall make Servicing Advances from its
own
funds to effect such payments.
SECTION 3.10. |
Collection
Account.
|
(a) On
behalf
of the Trust Fund, the Servicer shall establish and maintain one or more
separate, segregated trust accounts (such account or accounts, the “Collection
Account”), held in trust for the benefit of the Trust Administrator, the Trustee
and the Certificateholders. On behalf of the Trust Fund, the Servicer shall
deposit or cause to be deposited in the clearing account (which account must
be
an Eligible Account) in which it customarily deposits payments and collections
on mortgage loans in connection with its mortgage loan servicing activities
on a
daily basis, and in no event more than two Business Days after the Servicer’s
receipt thereof, and shall thereafter deposit in the Collection Account, in
no
event more than one Business Day after the deposit of such funds into the
clearing account, as and when received or as otherwise required hereunder,
the
following payments and collections received or made by it from and after the
Cut-off Date (other than in respect of principal or interest on the related
Mortgage Loans due on or before the Cut-off Date), or payments (other than
Principal Prepayments) received by it on or prior to the Cut-off Date but
allocable to a Due Period subsequent thereto:
(i) all
payments on account of principal, including Principal Prepayments (but not
Prepayment Charges), on the Mortgage Loans;
(ii) all
payments on account of interest (net of the related Servicing Fee and any
Prepayment Interest Excess) on each Mortgage Loan;
(iii) all
Insurance Proceeds and Liquidation Proceeds (other than proceeds collected
in
respect of any particular REO Property and amounts paid by the Servicer in
connection with a purchase of Mortgage Loans and REO Properties pursuant to
Section 9.01);
(iv) any
amounts required to be deposited pursuant to Section 3.12 in connection with
any
losses realized on Permitted Investments with respect to funds held in the
Collection Account;
(v) any
amounts required to be deposited by the Servicer pursuant to the second
paragraph of Section 3.14(a) in respect of any blanket policy
deductibles;
(vi) all
proceeds of any Mortgage Loan repurchased or purchased in accordance with
Section 2.03 or Section 9.01;
(vii) all
amounts required to be deposited in connection with shortfalls in principal
amount of Qualified Substitute Mortgage Loans pursuant to Section 2.03;
and
(viii) all
Prepayment Charges collected by the Servicer, and any Servicer Prepayment Charge
Payment Amounts in connection with the Principal Prepayment of any of the
Mortgage Loans.
For
purposes of the immediately preceding sentence, the Cut-off Date with respect
to
any Qualified Substitute Mortgage Loan shall be deemed to be the date of
substitution.
The
foregoing requirements for deposit in the Collection Accounts shall be
exclusive, it being understood and agreed that, without limiting the generality
of the foregoing, payments in the nature of late payment charges, Prepayment
Interest Excess or assumption fees (other than Prepayment Charges) need not
be
deposited by the Servicer in the Collection Account. In the event the Servicer
shall deposit in the Collection Account any amount not required to be deposited
therein, it may at any time withdraw such amount from the Collection Account,
any provision herein to the contrary notwithstanding.
(b) On
behalf
of the Trust Fund, the Servicer shall deliver to the Trust Administrator in
immediately available funds for deposit in the Distribution Account on the
Servicer Remittance Date, that portion of the Available Funds for the related
Distribution Date then on deposit in the Collection Account, the amount of
all
Prepayment Charges collected during the applicable Prepayment Period by the
Servicer and any Servicer Prepayment Charge Payment Amounts in connection with
the Principal Prepayment of any of the Mortgage Loans then on deposit in the
Collection Account.
(c) Funds
in
the Collection Account may be invested in Permitted Investments in accordance
with the provisions set forth in Section 3.12. The Servicer shall give notice
to
the Trustee, the Trust Administrator, the Depositor, the Master Servicer and
the
NIMS Insurer of the location of the Collection Account maintained by it when
established and prior to any change thereof.
(d) Funds
held in the Collection Account at any time may be delivered by the Servicer
to
the Trust Administrator for deposit in an account (which may be the Distribution
Account and must satisfy the standards for the Distribution Account as set
forth
in the definition thereof) and for all purposes of this Agreement shall be
deemed to be a part of the Collection Account; provided, however, that the
Trust
Administrator shall have the sole authority to withdraw any funds held by it
pursuant to this subsection (d). In the event the Servicer shall deliver to
the
Trust Administrator for deposit in the Distribution Account any amount not
required to be deposited therein, it may at any time request that the Trust
Administrator withdraw such amount from the Distribution Account and remit
to it
any such amount, any provision herein to the contrary notwithstanding. In
addition, the Servicer shall deliver to the Trust Administrator from time to
time for deposit, and upon written notification from the Servicer, the Trust
Administrator shall so deposit, in the Distribution Account:
(i) any
Advances, as required pursuant to Section 4.03;
(ii) any
amounts required to be deposited pursuant to Section 3.23(d) or (f) in
connection with any REO Property;
(iii) any
amounts to be paid by the Servicer in connection with a purchase of Mortgage
Loans and REO Properties pursuant to Section 9.01; and
(iv) any
amounts required to be deposited pursuant to Section 3.24 in connection with
any
Prepayment Interest Shortfalls.
(e) The
Servicer shall deposit in the Collection Account any amounts required to be
deposited pursuant to Section 3.12(b) in connection with losses realized on
Permitted Investments with respect to funds held in the Collection
Account.
SECTION 3.11. |
Withdrawals
from the Collection Account.
|
The
Servicer shall, from time to time, make withdrawals from the Collection Account
for any of the following purposes, without priority, or as described in Section
4.03:
(i) to
remit
to the Trust Administrator for deposit in the Distribution Account the amounts
required to be so remitted pursuant to Section 3.10(b) or permitted to be so
remitted pursuant to the first sentence of Section 3.10(d);
(ii) subject
to Section 3.16(d), to reimburse the Servicer for Advances, but only to the
extent of amounts received which represent Late Collections (net of the related
Servicing Fees) of Monthly Payments on Mortgage Loans with respect to which
such
Advances were made in accordance with the provisions of Section
4.03;
(iii) subject
to Section 3.16(d), to pay the Servicer or any Sub-Servicer (A) any unpaid
Servicing Fees, (B) any unreimbursed Servicing Advances with respect to each
Mortgage Loan, but only to the extent of any Liquidation Proceeds, Insurance
Proceeds or other amounts as may be collected by the Servicer from a Mortgagor,
or otherwise received with respect to such Mortgage Loan and (C) without
limiting any right of withdrawal set forth in clause (vi) below, any Servicing
Advances made with respect to a Mortgage Loan that, following the final
liquidation of a Mortgage Loan are Nonrecoverable Advances, but only to the
extent that Late Collections, Liquidation Proceeds and Insurance Proceeds
received with respect to such Mortgage Loan are insufficient to reimburse the
Servicer or any Sub-Servicer for such Servicing Advances;
(iv) to
pay to
the Servicer as servicing compensation (in addition to the Servicing Fee) on
the
Servicer Remittance Date any interest or investment income earned on funds
deposited in the Collection Account;
(v) to
pay to
the Servicer, the Originator or the Seller, as the case may be, with respect
to
each Mortgage Loan that has previously been purchased or replaced pursuant
to
Section 2.03 or Section 3.16(c) all amounts received thereon subsequent to
the
date of purchase or substitution, as the case may be;
(vi) to
reimburse the Servicer for any Advance or Servicing Advance previously made
which the Servicer has determined to be a Nonrecoverable Advance or
Nonrecoverable Servicing Advance in accordance with the provisions of Section
4.03;
(vii) to
reimburse the Servicer, the Master Servicer or the Depositor for expenses
incurred by or reimbursable to the Servicer, the Master Servicer or the
Depositor, as the case may be, pursuant to Section 6.03;
(viii) to
reimburse the Servicer, the NIMS Insurer, the Trust Administrator, the Master
Servicer or the Trustee, as the case may be, for expenses reasonably incurred
in
respect of the breach or defect giving rise to the purchase obligation under
Section 2.03 of this Agreement that were included in the Purchase Price of
the
Mortgage Loan, including any expenses arising out of the enforcement of the
purchase obligation;
(ix) to
pay
itself any Prepayment Interest Excess (to the extent not otherwise
retained);
(x) to
pay,
or to reimburse the Servicer for advances in respect of expenses incurred in
connection with any Mortgage Loan pursuant to Section 3.16(b); and
(xi) to
clear
and terminate the Collection Account pursuant to Section 9.01.
The
Servicer shall keep and maintain separate accounting, on a Mortgage Loan by
Mortgage Loan basis, for the purpose of justifying any withdrawal from the
Collection Account, to the extent held by or on behalf of it, pursuant to
subclauses (ii), (iii), (iv), (v), (vi), (viii) and (ix) above. The Servicer
shall provide written notification to the Trust Administrator and the NIMS
Insurer, on or prior to the next succeeding Servicer Remittance Date, upon
making any withdrawals from the Collection Account pursuant to subclause (vii)
above.
SECTION 3.12. |
Investment
of Funds in the Collection Account.
|
(a) The
Servicer may direct any depository institution maintaining the Collection
Account (for purposes of this Section 3.12, an “Investment Account”) to invest
the funds in such Investment Account in one or more Permitted Investments
specified in such instruction bearing interest or sold at a discount, and
maturing, unless payable on demand, (i) no later than the Business Day
immediately preceding the date on which such funds are required to be withdrawn
from such account pursuant to this Agreement, if a Person other than the Trust
Administrator is the obligor thereon, and (ii) no later than the date on which
such funds are required to be withdrawn from such account pursuant to this
Agreement, if the Trust Administrator is the obligor thereon. All such Permitted
Investments shall be held to maturity, unless payable on demand. Any investment
of funds in an Investment Account shall be made in the name of the Trust or
the
Trust Administrator (in its capacity as such) on behalf of the Trust or in
the
name of a nominee of the Trust Administrator. The Trust Administrator shall
be
entitled to sole possession (except with respect to investment direction of
funds held in the Collection Account and the Distribution Account and any income
and gain realized thereon) over each such investment, and any certificate or
other instrument evidencing any such investment shall be delivered directly
to
the Trust Administrator or its agent, together with any document of transfer
necessary to transfer title to such investment to the Trust Administrator or
its
nominee. In the event amounts on deposit in an Investment Account are at any
time invested in a Permitted Investment payable on demand, the Trust
Administrator shall:
(x) consistent
with any notice required to be given thereunder, demand that payment thereon
be
made on the last day such Permitted Investment may otherwise mature hereunder
in
an amount equal to the lesser of (1) all amounts then payable thereunder and
(2)
the amount required to be withdrawn on such date; and
(y) demand
payment of all amounts due thereunder promptly upon determination by a
Responsible Officer of the Trust Administrator that such Permitted Investment
would not constitute a Permitted Investment in respect of funds thereafter
on
deposit in the Investment Account.
(b) All
income and gain realized from the investment of funds deposited in the
Collection Account held by or on behalf of the Servicer, shall be for the
benefit of the Servicer and shall be subject to its withdrawal in accordance
with Section 3.11. The Servicer shall deposit in the Collection Account the
amount of any loss of principal incurred in respect of any such Permitted
Investment made with funds in such accounts immediately upon realization of
such
loss.
(c) Except
as
otherwise expressly provided in this Agreement, if any default occurs in the
making of a payment due under any Permitted Investment, or if a default occurs
in any other performance required under any Permitted Investment, the Trust
Administrator may and, subject to Section 8.01 and Section 8.02(a)(v), upon
the
request of the NIMS Insurer or the Holders of Certificates representing more
than 50% of the Voting Rights allocated to any Class of Certificates, shall
take
such action as may be appropriate to enforce such payment or performance,
including the institution and prosecution of appropriate proceedings.
SECTION 3.13. |
[Reserved].
|
SECTION 3.14. |
Maintenance
of Hazard Insurance and Errors and Omissions and Fidelity
Coverage.
|
The
terms
of each Mortgage Note require the related Mortgagor to maintain fire, flood
and
hazard insurance policies. To the extent such policies are not maintained,
the
Servicer shall cause to be maintained for each Mortgaged Property fire and
hazard insurance with extended coverage as is customary in the area where the
Mortgaged Property is located in an amount which is at least equal to the lesser
of the current principal balance of such Mortgage Loan and the amount necessary
to fully compensate for any damage or loss to the improvements which are a
part
of such property on a replacement cost basis, in each case in an amount not
less
than such amount as is necessary to avoid the application of any coinsurance
clause contained in the related hazard insurance policy. The Servicer shall
also
cause to be maintained fire and hazard insurance on each REO Property with
extended coverage as is customary in the area where the Mortgaged Property
is
located in an amount which is at least equal to the lesser of (i) the maximum
insurable value of the improvements which are a part of such property and (ii)
the outstanding principal balance of the related Mortgage Loan at the time
it
became an REO Property. The Servicer will comply in the performance of this
Agreement with all reasonable rules and requirements of each insurer under
any
such hazard policies. Any amounts to be collected by the Servicer under any
such
policies (other than amounts to be applied to the restoration or repair of
the
property subject to the related Mortgage or amounts to be released to the
Mortgagor in accordance with the procedures that the Servicer would follow
in
servicing loans held for its own account, subject to the terms and conditions
of
the related Mortgage and Mortgage Note) shall be deposited in the Collection
Account, subject to withdrawal pursuant to Section 3.11, if received in respect
of a Mortgage Loan, or in the REO Account, subject to withdrawal pursuant to
Section 3.23, if received in respect of an REO Property. Any cost incurred
by
the Servicer in maintaining any such insurance shall not, for the purpose of
calculating distributions to Certificateholders, be added to the unpaid
principal balance of the related Mortgage Loan, notwithstanding that the terms
of such Mortgage Loan so permit; provided, however, that the Servicer may
capitalize the amount of any Servicing Advances incurred pursuant to this
Section 3.14 in connection with the modification of a Mortgage Loan. It is
understood and agreed that no earthquake or other additional insurance is to
be
required of any Mortgagor other than pursuant to such applicable laws and
regulations as shall at any time be in force and as shall require such
additional insurance. If the Mortgaged Property or REO Property is at any time
in an area identified in the Federal Register by the Federal Emergency
Management Agency as having special flood hazards, the Servicer will cause
to be
maintained a flood insurance policy in respect thereof. Such flood insurance
shall be in an amount equal to the lesser of (i) the unpaid principal balance
of
the related Mortgage Loan and (ii) the maximum amount of such insurance
available for the related Mortgaged Property under the national flood insurance
program (assuming that the area in which such Mortgaged Property is located
is
participating in such program).
In
the
event that the Servicer shall obtain and maintain a blanket policy with an
insurer having a General Policy Rating of B:VI or better in Best’s Key Rating
Guide insuring against hazard losses on all of the Mortgage Loans, it shall
conclusively be deemed to have satisfied its obligations as set forth in the
first two sentences of this Section 3.14, it being understood and agreed that
such policy may contain a deductible clause, in which case the Servicer shall,
in the event that there shall not have been maintained on the related Mortgaged
Property or REO Property a policy complying with the first two sentences of
this
Section 3.14, and there shall have been one or more losses which would have
been
covered by such policy, deposit to the Collection Account from its own funds
the
amount not otherwise payable under the blanket policy because of such deductible
clause. In connection with its activities as administrator and servicer of
the
Mortgage Loans, the Servicer agrees to prepare and present, on behalf of itself,
the Trustee, the Trust Fund and the Certificateholders, claims under any such
blanket policy in a timely fashion in accordance with the terms of such
policy.
(a) The
Servicer shall keep in force during the term of this Agreement a policy or
policies of insurance covering errors and omissions for failure in the
performance of its respective obligations under this Agreement, which policy
or
policies shall be in such form and amount that would meet the requirements
of
Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless
the Servicer, has obtained a waiver of such requirements from Xxxxxx Mae or
Xxxxxxx Mac. The Servicer shall also maintain a fidelity bond in the form and
amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless
the
Servicer, has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx
Mac. The Servicer shall be deemed to have complied with this provision if an
Affiliate of the Servicer, has such errors and omissions and fidelity bond
coverage and, by the terms of such insurance policy or fidelity bond, the
coverage afforded thereunder extends to the Servicer. Any such errors and
omissions policy and fidelity bond shall by its terms not be cancelable without
thirty days’ prior written notice to the Trustee, the Trust Administrator and
the NIMS Insurer.
The
Servicer shall provide to the Master Servicer evidence (in the form of an
incumbency certificate) of the authorization of the person signing any
certification, statement, copy or other evidence of any fidelity bond, errors
and omissions policy, financial information and reports, or such other
information related to the Servicer or any Sub-Servicer or to the Servicer’s or
such Sub-Servicer’s performance hereunder.
SECTION 3.15. |
Enforcement
of Due-On-Sale Clauses; Assumption
Agreements.
|
The
Servicer will, to the extent it has knowledge of any conveyance or prospective
conveyance of any Mortgaged Property by any Mortgagor (whether by absolute
conveyance or by contract of sale, and whether or not the Mortgagor remains
or
is to remain liable under the Mortgage Note and/or the Mortgage), exercise
its
rights to accelerate the maturity of such Mortgage Loan under the “due-on-sale”
clause, if any, applicable thereto; provided, however, that the Servicer shall
not exercise any such rights if prohibited by law from doing so. If the Servicer
reasonably believes it is unable under applicable law to enforce such
“due-on-sale” clause, or if any of the other conditions set forth in the proviso
to the preceding sentence apply, the Servicer will enter into an assumption
and
modification agreement from or with the person to whom such property has been
conveyed or is proposed to be conveyed, pursuant to which such person becomes
liable under the Mortgage Note and, to the extent permitted by applicable state
law, the Mortgagor remains liable thereon. The Servicer is also authorized
to
enter into a substitution of liability agreement with such person, pursuant
to
which the original Mortgagor is released from liability and such person is
substituted as the Mortgagor and becomes liable under the Mortgage Note,
provided that no such substitution shall be effective unless such person
satisfies the then current underwriting criteria of the Servicer for mortgage
loans similar to the Mortgage Loans. In connection with any assumption or
substitution, the Servicer shall apply such underwriting standards and follow
such practices and procedures as shall be normal and usual in its general
mortgage servicing activities and as it applies to other mortgage loans owned
solely by it. The Servicer shall not take or enter into any assumption and
modification agreement, however, unless (to the extent practicable in the
circumstances) it shall have received confirmation, in writing, of the continued
effectiveness of any applicable hazard insurance policy. Any fee collected
by
the Servicer in respect of an assumption or substitution of liability agreement
will be retained by the Servicer as additional servicing compensation. In
connection with any such assumption, no material term of the Mortgage Note
(including but not limited to the related Mortgage Rate and the amount of the
Monthly Payment) may be amended or modified, except as otherwise required
pursuant to the terms thereof. The Servicer shall notify the Trustee, the Master
Servicer, the Trust Administrator and the Custodian that any such substitution
or assumption agreement has been completed by forwarding to the Custodian on
behalf of the Trustee the executed original of such substitution or assumption
agreement, which document shall be added to the related Mortgage File and shall,
for all purposes, be considered a part of such Mortgage File to the same extent
as all other documents and instruments constituting a part thereof.
Notwithstanding
the foregoing paragraph or any other provision of this Agreement, the Servicer
shall not be deemed to be in default, breach or any other violation of its
obligations hereunder by reason of any assumption of a Mortgage Loan by
operation of law or by the terms of the Mortgage Note or any assumption which
the Servicer may be restricted by law from preventing, for any reason
whatsoever. For purposes of this Section 3.15, the term “assumption” is deemed
to also include a sale (of the Mortgaged Property) subject to the Mortgage
that
is not accompanied by an assumption or substitution of liability
agreement.
SECTION 3.16. |
Realization
Upon Defaulted Mortgage Loans.
|
(a) The
Servicer shall, consistent with the servicing standard set forth in Section
3.01
(with respect to Xxxxx Fargo) and with the JPMorgan Servicing Standard (with
respect to JPMorgan), foreclose upon or otherwise comparably convert the
ownership of properties securing such of the Mortgage Loans as come into and
continue in default and as to which no satisfactory arrangements can be made
for
collection of delinquent payments pursuant to Section 3.07. The Servicer shall
be responsible for all costs and expenses incurred by it in any such
proceedings; provided, however, that such costs and expenses will be recoverable
as Servicing Advances by the Servicer as contemplated in Section 3.11 and
Section 3.23. The foregoing is subject to the provision that, in any case in
which the Mortgaged Property shall have suffered damage from an Uninsured Cause,
the Servicer shall not be required to expend its own funds toward the
restoration of such property unless it shall determine in its discretion that
such restoration will increase the proceeds of liquidation of the related
Mortgage Loan after reimbursement to itself for such expenses.
(b) Notwithstanding
the foregoing provisions of this Section 3.16 or any other provision of this
Agreement, with respect to any Mortgage Loan as to which the Servicer has
received actual notice of, or has actual knowledge of, the presence of any
toxic
or hazardous substance on the related Mortgaged Property, the Servicer shall
not, on behalf of the Trustee, either (i) obtain title to such Mortgaged
Property as a result of or in lieu of foreclosure or otherwise, or (ii)
otherwise acquire possession of, or take any other action with respect to,
such
Mortgaged Property, if, as a result of any such action, the Trustee, the Trust
Fund, the Trust Administrator, the Servicer or the Certificateholders would
be
considered to hold title to, to be a “mortgagee-in-possession” of, or to be an
“owner” or “operator” of such Mortgaged Property within the meaning of the
Comprehensive Environmental Response, Compensation and Liability Act of 1980,
as
amended from time to time, or any comparable law, unless the Servicer has also
previously determined, based on its reasonable judgment and a report prepared
by
a Person who regularly conducts environmental audits using customary industry
standards, that:
(1) such
Mortgaged Property is in compliance with applicable environmental laws or,
if
not, that it would be in the best economic interest of the Trust Fund to take
such actions as are necessary to bring the Mortgaged Property into compliance
therewith; and
(2) there
are
no circumstances present at such Mortgaged Property relating to the use,
management or disposal of any hazardous substances, hazardous materials,
hazardous wastes, or petroleum-based materials for which investigation, testing,
monitoring, containment, clean-up or remediation could be required under any
federal, state or local law or regulation, or that if any such materials are
present for which such action could be required, that it would be in the best
economic interest of the Trust Fund to take such actions with respect to the
affected Mortgaged Property.
Notwithstanding
the foregoing, if such environmental audit reveals, or if the Servicer has
actual knowledge or notice, that such Mortgaged Property contains such toxic
or
hazardous wastes or substances, the Servicer shall not foreclose or accept
a
deed in lieu of foreclosure without the prior written consent of the NIMS
Insurer.
The
cost
of the environmental audit report contemplated by this Section 3.16 shall be
advanced by the Servicer, subject to the Servicer’s right to be reimbursed
therefor from the Collection Account as provided in Section 3.11(a)(ix), such
right of reimbursement being prior to the rights of Certificateholders to
receive any amount in the Collection Account received in respect of the affected
Mortgage Loan or other Mortgage Loans.
If
the
Servicer determines, as described above, that it is in the best economic
interest of the Trust Fund to take such actions as are necessary to bring any
such Mortgaged Property into compliance with applicable environmental laws,
or
to take such action with respect to the containment, clean-up or remediation
of
hazardous substances, hazardous materials, hazardous wastes or petroleum-based
materials affecting any such Mortgaged Property, then the Servicer shall take
such action as it deems to be in the best economic interest of the Trust Fund.
The cost of any such compliance, containment, cleanup or remediation shall
be
advanced by the Servicer, subject to the Servicer’s right to be reimbursed
therefor from the Collection Account as provided in Section 3.11(a)(ix), such
right of reimbursement being prior to the rights of Certificateholders to
receive any amount in the Collection Account received in respect of the affected
Mortgage Loan or other Mortgage Loans.
(c) The
Servicer or the NIMS Insurer shall have the right to purchase from REMIC I
any
defaulted Mortgage Loan that is 90 days or more delinquent, which the Servicer
or the NIMS Insurer determines in good faith will otherwise become subject
to
foreclosure proceedings (evidence of such determination to be delivered in
writing to the Trustee and the Trust Administrator, in form and substance
satisfactory to the Trustee and the Trust Administrator prior to purchase),
at a
price equal to the Purchase Price. The Purchase Price for any Mortgage Loan
purchased hereunder shall be deposited in the Collection Account, and the
Trustee, upon receipt of written certification from the Servicer or the NIMS
Insurer, as applicable, of such deposit, shall release or cause to be released
to the Servicer or the NIMS Insurer, as applicable, the related Mortgage File
and the Trustee, upon receipt of written certification from the Servicer or
the
NIMS Insurer, as applicable, of such deposit, shall execute and deliver such
instruments of transfer or assignment, in each case without recourse, as the
Servicer or the NIMS Insurer, as applicable, shall furnish and as shall be
necessary to vest in the Servicer or the NIMS Insurer, as applicable, title
to
any Mortgage Loan released pursuant hereto.
(d) Proceeds
received in connection with any Final Recovery Determination, as well as any
recovery resulting from a partial collection of Insurance Proceeds or
Liquidation Proceeds, in respect of any Mortgage Loan, will be applied in the
following order of priority: first, to reimburse the Servicer or any
Sub-Servicer for any related unreimbursed Servicing Advances and Advances,
pursuant to Section 3.11(a)(ii) or (a)(iii)(B); second, to accrued and unpaid
interest on the Mortgage Loan, to the date of the Final Recovery Determination,
or to the Due Date prior to the Distribution Date on which such amounts are
to
be distributed if not in connection with a Final Recovery Determination; and
third, as a recovery of principal of the Mortgage Loan. If the amount of the
recovery so allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such recovery will
be
allocated by the Servicer as follows: first, to unpaid Servicing Fees; and
second, to the balance of the interest then due and owing. The portion of the
recovery so allocated to unpaid Servicing Fees shall be reimbursed to the
Servicer or any Sub-Servicer pursuant to Section 3.11(a)(iii)(A).
SECTION 3.17. |
Trustee
to Cooperate; Release of Mortgage
Files.
|
(a) Upon
the
payment in full of any Mortgage Loan, or the receipt by the Servicer of a
notification that payment in full shall be escrowed in a manner customary for
such purposes, the Servicer will immediately notify the Custodian on behalf
of
the Trustee, by a Request for Release in the form of Exhibit E (which
certification shall include a statement to the effect that all amounts received
or to be received in connection with such payment which are required to be
deposited in the Collection Account pursuant to Section 3.10 have been or will
be so deposited) of a Servicing Officer and shall request that the Custodian
on
behalf of the Trustee deliver to it the Mortgage File. Upon receipt of such
certification and request, the Custodian shall promptly release the related
Mortgage File to the Servicer (at no cost to the Servicer), and the Servicer
is
authorized to cause the removal from the registration on the MERS® System of any
such Mortgage, if applicable, and to execute and deliver, on behalf of the
Trustee and the Certificateholders or any of them, any and all instruments
of
satisfaction or cancellation or of partial or full release. No expenses incurred
in connection with any instrument of satisfaction or deed of reconveyance shall
be chargeable to the Collection Account or the Distribution
Account.
The
Custodian on behalf of the Trustee shall, at the written request and expense
of
any Certificateholder, provide a written report to such Certificateholder of
all
Mortgage Files released to the Servicer for servicing purposes.
(b) From
time
to time and as appropriate for the servicing or foreclosure of any Mortgage
Loan, including, for this purpose, collection under any insurance policy
relating to the Mortgage Loans, the Custodian shall, upon request of the
Servicer and delivery to the Custodian of a Request for Release in the form
of
Exhibit E, release the related Mortgage File to the Servicer, and the Trustee
shall, at the direction of the Servicer, execute such documents as shall be
necessary to the prosecution of any such proceedings. Such Request for Release
shall obligate the Servicer to return each and every document previously
requested from the Mortgage File to the Custodian when the need therefor by
the
Servicer no longer exists, unless the Mortgage Loan has been liquidated and
the
Liquidation Proceeds relating to the Mortgage Loan have been deposited in the
Collection Account or the Mortgage File or such document has been delivered
to
an attorney, or to a public trustee or other public official as required by
law,
for purposes of initiating or pursuing legal action or other proceedings for
the
foreclosure of the Mortgaged Property either judicially or non-judicially,
and
the Servicer has delivered to the Custodian on behalf of the Trustee a
certificate of a Servicing Officer certifying as to the name and address of
the
Person to which such Mortgage File or such document was delivered and the
purpose or purposes of such delivery. Upon receipt of a certificate of a
Servicing Officer stating that such Mortgage Loan was liquidated and that all
amounts received or to be received in connection with such liquidation that
are
required to be deposited into the Collection Account have been so deposited,
or
that such Mortgage Loan has become an REO Property, a copy of the Request for
Release shall be released by the Custodian on behalf of the Trustee to the
Servicer.
(c) Upon
written certification of a Servicing Officer, the Trustee shall execute and
deliver to the Servicer any court pleadings, requests for trustee’s sale or
other documents reasonably necessary to the foreclosure or trustee’s sale in
respect of a Mortgaged Property or to any legal action brought to obtain
judgment against any Mortgagor on the Mortgage Note or Mortgage or to obtain
a
deficiency judgment, or to enforce any other remedies or rights provided by
the
Mortgage Note or Mortgage or otherwise available at law or in equity. Each
such
certification shall include a request that such pleadings or documents be
executed by the Trustee and a statement as to the reason such documents or
pleadings are required and that the execution and delivery thereof by the
Trustee will not invalidate or otherwise affect the lien of the Mortgage, except
for the termination of such a lien upon completion of the foreclosure or
trustee’s sale.
SECTION 3.18. |
Servicing
Compensation.
|
As
compensation for the activities of the Servicer hereunder, the Servicer shall
be
entitled to the Servicing Fee with respect to each Mortgage Loan payable solely
from payments of interest in respect of such Mortgage Loan, subject to Section
3.24. In addition, the Servicer shall be entitled to recover unpaid Servicing
Fees out of Insurance Proceeds or Liquidation Proceeds to the extent permitted
by Section 3.11(a)(iii)(A) and out of amounts derived from the operation and
sale of an REO Property to the extent permitted by Section 3.23. The right
to
receive the Servicing Fee may not be transferred in whole or in part except
in
connection with the transfer of all of the Servicer’s responsibilities and
obligations under this Agreement. As part of its servicing compensation, the
Servicer shall also be entitled to Prepayment Interest Excess.
Additional
servicing compensation in the form of assumption fees, late payment charges
and
other similar fees and charges (other than Prepayment Charges) shall be retained
by the Servicer (subject to Section 3.24) only to the extent such fees or
charges are received by the Servicer. The Servicer shall also be entitled
pursuant to Section 3.11(a)(iv) to withdraw from the Collection Account, and
pursuant to Section 3.23(b) to withdraw from any REO Account, as additional
servicing compensation, interest or other income earned on deposits therein,
subject to Section 3.12 and Section 3.24. The Servicer shall be required to
pay
all expenses incurred by it in connection with its servicing activities
hereunder (including premiums for the insurance required by Section 3.14, to
the
extent such premiums are not paid by the related Mortgagors or by a
Sub-Servicer, servicing compensation of each Sub-Servicer) and shall not be
entitled to reimbursement therefor except as specifically provided
herein.
SECTION 3.19. |
Reports;
Collection Account Statements.
|
Upon
reasonable request by the Master Servicer or the Trust Administrator (such
request to be made on the related Distribution Date), the Servicer shall forward
to the Master Servicer and the Trust Administrator no later than ten days after
such request, a statement prepared by the Servicer setting forth the status
of
the Collection Account as of the close of business on the last day of the
calendar month relating to such Distribution Date and showing, for the period
covered by such statement, the aggregate amount of deposits into and withdrawals
from the Collection Account of each category of deposit specified in Section
3.10(a) and each category of withdrawal specified in Section 3.11. Such
statement may be in a format as mutually agreed to among the Servicer, the
Master Servicer and the Trust Administrator, and may also include information
as
to the aggregate of the outstanding principal balances of all of the Mortgage
Loans as of the last day of the calendar month immediately preceding such
Distribution Date. Copies of such statement shall be provided by the Trust
Administrator to any Certificateholder and to any Person identified to the
Trust
Administrator as a prospective transferee of a Certificate, upon the request
and
at the expense of the requesting party, provided such statement is delivered
by
the Servicer to the Trust Administrator.
SECTION 3.20. |
Statement
as to Compliance.
|
The
Servicer shall deliver to the Trust Administrator, on or before March
1st
(with
respect to JPMorgan) or March 5th (with respect to Xxxxx Fargo) of each calendar
year beginning in 2007, an Officers’ Certificate (an “Annual Statement of
Compliance”) in a format attached as Exhibit L, stating, as to each signatory
thereof, that (i) a review of the activities of the Servicer during the
preceding calendar year (or applicable portion thereof) and of performance
under
this Agreement has been made under such officer’s supervision and (ii) to the
best of such officer’s knowledge, based on such review, the Servicer has
fulfilled all of its obligations under this Agreement in all material respects
throughout such year (or applicable portion thereof), or, if there has been
a
failure to fulfill any such obligation in any material respect, specifying
each
such failure known to such officer and the nature and status of cure provisions
thereof.
The
Servicer shall deliver, or cause to be delivered, a similar Annual Statement
of
Compliance by any Sub-Servicer, subcontractor or other Person engaged by it
and
satisfying any of the criteria set forth in Item 1108(a)(i)-(iii), to which
the
Servicer has delegated any servicing responsibilites with respect to the
Mortgage Loans, to the Trust Administrator as described above as and when
required with respect to the Servicer.
Failure
of the Servicer to timely comply with this Section 3.20 (after expiration of
the
related cure period) shall be deemed a Servicer Event of Default, and upon
the
receipt of written notice from the Trust Administrator of such Servicer Event
of
Default, the Trustee or the Master Servicer, as applicable, may at the direction
of the Depositor, in addition to whatever rights the Trustee or the Master
Servicer, as applicable, may have under this Agreement and at law or in equity,
including injunctive relief and specific performance, upon notice immediately
terminate (as provided in Section 7.01(a)) all the rights and obligations of
the
Servicer under this Agreement and in and to the Mortgage Loans and the proceeds
thereof without compensating the Servicer for the same; provided that to the
extent that any provision of this Agreement expressly provides for the survival
of certain rights or obligations following termination of the Servicer, such
provision shall be given effect. This paragraph shall supersede any other
provision in this Agreement or any other agreement to the contrary.
Each
of
the Master Servicer and the Trust Administrator shall also provide an Annual
Statement of Compliance, as and when provided above.
Each
of
the Servicer, the Master Servicer and the Trust Administrator (each, an
“Indemnifying Party”) shall indemnify and hold harmless the Depositor, the
Master Servicer, the Trust Administrator and their officers, directors and
Affiliates, as applicable, from and against any actual losses, damages,
penalties, fines, forfeitures, reasonable and necessary legal fees and related
costs, judgments and other costs and expenses that such Person may sustain
based
upon a breach of the obligations of such Indemnifying Party under this Section
3.20.
If
Xxxxx
Fargo as Servicer cannot deliver any Annual Statement of Compliance by March
5st
of such
year, the Trust Administrator, at its sole option, may permit a cure period
for
such Servicer to deliver such Assessment of Compliance or Attestation Report,
but in no event later than March 15th
of such
year.
If
JPMorgan does not deliver the Annual
Statement of Compliance
by March
1st of any year, either the Trust Administrator or the Depositor shall provide
JPMorgan with written notice of its failure to deliver such Annual Statement
of
Compliance and JPMorgan shall have 10 calendar days from the date of such
written notice to cure such failure to deliver.
SECTION 3.21. |
Assessments
of Compliance and Attestation
Reports.
|
The
Servicer shall service and administer the Mortgage Loans in accordance with
all
applicable requirements of the Relevant Servicing Criteria (as set forth in
Exhibit O hereto). The Servicer shall deliver to the Trust Administrator on
or
before March 1st of each calendar year beginning in 2007, the following:
(i) a
report
(an “Assessment of Compliance”) regarding the Servicer’s assessment of
compliance with the Relevant Servicing Criteria during the immediately preceding
calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act
and
Item 1122 of Regulation AB. Such report shall be signed by an authorized officer
of the Servicer, and shall address each of the Servicing Criteria set forth
in
Exhibit O hereto;
(ii) a
report
(an “Attestation Report”) of a registered public accounting firm reasonably
acceptable to the Depositor that attests to, and reports on, the assessment
of
compliance made by the Servicer and delivered pursuant to the preceding
paragraph. Such attestation shall be in accordance with Rules 1-02(a)(3) and
2-02(g) of Regulation S-X under the Securities Act and the Exchange Act;
(iii) cause
each Sub-Servicer, and each subcontractor determined by the Servicer to be
“participating in the servicing function” within the meaning of Item 1122 of
Regulation AB, (subject to any threshold percentage level amount of mortgage
loans in which such subcontractor servicers) to deliver an Assessment of
Compliance and Attestation Report as and when provided in paragraphs (i) and
(ii) of this Section 3.21(a); and
(iv) a
statement as to which of the Relevant Servicing Criteria, if any, are not
applicable to the Servicer, which statement shall be based on the activities
it
performs with respect to asset-backed securities transactions taken as a whole
involving the Servicer, that are backed by the same asset type as the Mortgage
Loans.
Such
Assessment of Compliance, as to each Sub-Servicer, subcontractor or any other
Person determined to be “participating in the servicing function” within the
meaning of Item 1122 of Regulation AB, shall address any applicable Servicing
Criteria of the party engaging such Sub-Servicer, subcontractor or other Person,
as specified on Exhibit O. Notwithstanding the foregoing, as to any
subcontractor, an Assessment of Compliance is not required to be delivered
unless it is required as part of a Form 10-K with respect to the Trust
Fund.
If
Xxxxx
Fargo as Servicer cannot deliver the Assessments of Compliance and Attestation
Reports by March 1st
of such
year, the Trust Administrator, at its sole option, may permit a cure period
for
such Servicer to deliver such Assessment
of Compliance or Attestation Report,
but in
no event later than March 15th
of such
year.
If
JPMorgan does not deliver the Assessment of Compliance or Attestation Report
by
March 1st of any year, either the Trust Administrator or the Depositor shall
provide JPMorgan with written notice of its failure to deliver such Assessment
of Compliance or Attestation Report and JPMorgan shall have 10 calendar days
from the date of such written notice to cure such failure to
deliver.
Failure
of the Servicer to timely comply with this Section 3.21 (after expiration of
the
related cure period) shall be deemed a Servicer Event of Default, and upon
the
receipt of written notice from the Trust Administrator of such Servicer Event
of
Default, the Trustee or the Master Servicer, as applicable, at the direction
of
the Depositor may, in addition to whatever rights the Trustee or the Master
Servicer, as applicable, may have under this Agreement and at law or in equity,
including injunctive relief and specific performance, upon notice immediately
terminate (as provided in Section 7.01(a)) all the rights and obligations of
the
Servicer under this Agreement and in and to the Mortgage Loans and the proceeds
thereof without compensating the Servicer for the same; provided, however,
the
Depositor shall not be entitled to instruct the Trustee or the Master Servicer
to terminate the rights and obligations of the Servicer pursuant to clause
(iii)
above if a failure of the Servicer to identify a subcontractor “participating in
the servicing function” within the meaning of Item 1122 of Regulation AB was
attributable solely to the role or functions of such subcontractor with respect
to mortgage loans other than the Mortgage Loans. This paragraph shall supersede
any other provision in this Agreement or any other agreement to the
contrary.
Each
of
the Master Servicer and the Trust Administrator shall also provide an Assessment
of Compliance and Attestation Report, as and when provided above, which shall
at
a minimum address each of the Servicing Criteria specified on Exhibit O hereto
which are indicated as applicable to each such party.
Each
of
the Servicer, the Master Servicer and the Trust Administrator shall indemnify
and hold harmless the Depositor, the Master Servicer and the Trust Administrator
and their officers, directors and Affiliates from and against any actual losses,
damages, penalties, fines, forfeitures, reasonable and necessary legal fees
and
related costs, judgments and other costs and expenses that such Person may
sustain based upon a breach of the obligations of such Indemnifying Party under
this Section 3.21.
SECTION 3.22. |
Access
to Certain Documentation.
|
The
Servicer shall provide to the Office of the Controller of the Currency, the
Office of Thrift Supervision, the FDIC, and any other federal or state banking
or insurance regulatory authority that may exercise authority over any
Certificateholder, access to the documentation regarding the Mortgage Loans
required by applicable laws and regulations. Such access shall be afforded
without charge, but only upon reasonable request and during normal business
hours at the offices of the Servicer designated by it. In addition, access
to
the documentation regarding the Mortgage Loans required by applicable laws
and
regulations will be provided to such Certificateholder, the Trustee, the Trust
Administrator, the Master Servicer and to any Person identified to the Servicer
as a prospective transferee of a Certificate subject to the execution of a
confidentiality agreement in form and substance satisfactory to the servicer,
upon reasonable request during normal business hours at the offices of the
Servicer designated by it at the expense of the Person requesting such access.
Nothing in this Section 3.22 shall derogate from the obligation of any such
party to observe any applicable law prohibiting disclosure of information
regarding the Mortgagors and the failure of any such party to provide access
as
provided in this Section as a result of such obligation shall not constitute
a
breach of this Section 3.22.
SECTION 3.23. |
Title,
Management and Disposition of REO
Property.
|
(a) In
the
event that title to an REO Property is acquired in foreclosure or by deed in
lieu of foreclosure, the deed or certificate of sale shall be taken (pursuant
to
a limited power of attorney to be provided by the Trustee to the Servicer)
in
the name of the Trustee or a nominee thereof, on behalf of the
Certificateholders, or in the event the Trustee or a nominee thereof is not
authorized or permitted to hold title to real property in the state where the
REO Property is located, or would be adversely affected under the “doing
business” or tax laws of such state by so holding title, the deed or certificate
of sale shall be taken in the name of such Person or Persons as shall be
consistent with an Opinion of Counsel obtained by the Servicer from an attorney
duly licensed to practice law in the state where the REO Property is located.
Any Person or Persons holding such title other than the Trustee shall
acknowledge in writing that such title is being held as nominee for the benefit
of the Trustee. The Trustee’s name shall be placed on the title to such REO
Property solely as the Trustee hereunder and not in its individual capacity.
The
Servicer shall ensure that the title to such REO Property references this
Agreement and the Trustee’s capacity hereunder. The Servicer, on behalf of the
Trust Fund, shall either sell any REO Property before the close of the third
taxable year following the year the Trust Fund acquires ownership of such REO
Property for purposes of Section 860G(a)(8) of the Code or request from the
Internal Revenue Service, no later than 60 days before the day on which the
above three-year grace period would otherwise expire, an extension of the above
three-year grace period, unless the Servicer shall have delivered to the
Trustee, the Trust Administrator and the Depositor an Opinion of Counsel,
addressed to the Trustee, the Trust Administrator and the Depositor, to the
effect that the holding by the Trust Fund of such REO Property subsequent to
the
close of the third taxable year after its acquisition will not result in the
imposition on the Trust Fund of taxes on “prohibited transactions” thereof, as
defined in Section 860F of the Code, or cause any Trust REMIC to fail to qualify
as a REMIC under Federal law at any time that any Certificates are outstanding.
The Servicer shall manage, conserve, protect and operate each REO Property
for
the Certificateholders solely for the purpose of its prompt disposition and
sale
in a manner which does not cause such REO Property to fail to qualify as
“foreclosure property” within the meaning of Section 860G(a)(8) of the Code or
result in the receipt by any Trust REMIC of any “income from non-permitted
assets” within the meaning of Section 860F(a)(2)(B) of the Code, or any “net
income from foreclosure property” which is subject to taxation under the REMIC
Provisions.
(b) The
Servicer shall segregate and hold all funds collected and received in connection
with the operation of any REO Property separate and apart from its own funds
and
general assets and shall establish and maintain with respect to REO Properties
an account held in trust for the Trustee for the benefit of the
Certificateholders (the “REO Account”), which shall be an Eligible Account. The
Servicer shall be permitted to allow the Collection Account to serve as the
REO
Account, subject to separate ledgers for each REO Property. The Servicer shall
be entitled to retain or withdraw any interest income paid on funds deposited
in
the REO Account.
(c) The
Servicer shall have full power and authority, subject only to the specific
requirements and prohibitions of this Agreement, to do any and all things in
connection with any REO Property as are consistent with the manner in which
the
Servicer manages and operates similar property owned by the Servicer or any
of
its Affiliates, all on such terms and for such period as the Servicer deems
to
be in the best interests of Certificateholders. In connection therewith, the
Servicer shall deposit, or cause to be deposited in the clearing account (which
account must be an Eligible Account) in which it customarily deposits payments
and collections on mortgage loans in connection with its mortgage loan servicing
activities on a daily basis, and in no event more than two Business Days after
the Servicer’s receipt thereof, and shall thereafter deposit in the REO Account,
in no event more than one Business Day after the deposit of such funds into
the
clearing account, all revenues received by it with respect to an REO Property
and shall withdraw therefrom funds necessary for the proper operation,
management and maintenance of such REO Property including, without
limitation:
(i) all
insurance premiums due and payable in respect of such REO Property;
(ii) all
real
estate taxes and assessments in respect of such REO Property that may result
in
the imposition of a lien thereon; and
(iii) all
costs
and expenses necessary to maintain such REO Property.
To
the
extent that amounts on deposit in the REO Account with respect to an REO
Property are insufficient for the purposes set forth in clauses (i) through
(iii) above with respect to such REO Property, the Servicer shall advance from
its own funds such amount as is necessary for such purposes if, but only if,
the
Servicer would make such advances if the Servicer owned the REO Property and
if
in the Servicer’s judgment, the payment of such amounts will be recoverable from
the rental or sale of the REO Property.
Notwithstanding
the foregoing, none of the Servicer, the Trust Administrator or the Trustee
shall:
(a) authorize
the Trust Fund to enter into, renew or extend any New Lease with respect to
any
REO Property, if the New Lease by its terms will give rise to any income that
does not constitute Rents from Real Property;
(b) authorize
any amount to be received or accrued under any New Lease other than amounts
that
will constitute Rents from Real Property;
(c) authorize
any construction on any REO Property, other than the completion of a building
or
other improvement thereon, and then only if more than ten percent of the
construction of such building or other improvement was completed before default
on the related Mortgage Loan became imminent, all within the meaning of Section
856(e)(4)(B) of the Code; or
(d) authorize
any Person to Directly Operate any REO Property on any date more than 90 days
after its date of acquisition by the Trust Fund;
unless,
in any such case, the Servicer has obtained an Opinion of Counsel, provided
to
the Trust Administrator, the Master Servicer and the NIMS Insurer, to the effect
that such action will not cause such REO Property to fail to qualify as
“foreclosure property” within the meaning of Section 860G(a)(8) of the at any
time that it is held by the Trust Fund, in which case the Servicer may take
such
actions as are specified in such Opinion of Counsel.
The
Servicer may contract with any Independent Contractor for the operation and
management of any REO Property; provided that:
(i) the
terms
and conditions of any such contract shall not be inconsistent
herewith;
(ii) any
such
contract shall require, or shall be administered to require, that the
Independent Contractor pay all costs and expenses incurred in connection with
the operation and management of such REO Property, including those listed above
and remit all related revenues (net of such costs and expenses) to the Servicer
as soon as practicable, but in no event later than thirty days following the
receipt thereof by such Independent Contractor;
(iii) none
of
the provisions of this Section 3.23(c) relating to any such contract or to
actions taken through any such Independent Contractor shall be deemed to relieve
the Servicer of any of its duties and obligations to the Trustee on behalf
of
the Certificateholders with respect to the operation and management of any
such
REO Property; and
(iv) the
Servicer shall be obligated with respect thereto to the same extent as if it
alone were performing all duties and obligations in connection with the
operation and management of such REO Property.
The
Servicer shall be entitled to enter into any agreement with any Independent
Contractor performing services for it related to its duties and obligations
hereunder for indemnification of the Servicer by such Independent Contractor,
and nothing in this Agreement shall be deemed to limit or modify such
indemnification. The Servicer shall be solely liable for all fees owed by it
to
any such Independent Contractor, irrespective of whether the Servicer’s
compensation pursuant to Section 3.18 is sufficient to pay such fees. With
respect to JPMorgan, the
fees
of such Independent Contractor may be reimbursable as a Servicing Advance and,
to the extent that any payments made by such Independent Contractor would
constitute Servicing Advances if made by JPMorgan, such amounts shall also
be
reimbursable as Servicing Advances made by JPMorgan.
(d) In
addition to the withdrawals permitted under Section 3.23(c), the Servicer may
from time to time make withdrawals from the REO Account for any REO Property:
(i) to pay itself or any Sub-Servicer unpaid Servicing Fees in respect of the
related Mortgage Loan; and (ii) to reimburse itself or any Sub-Servicer for
unreimbursed Servicing Advances and Advances made in respect of such REO
Property or the related Mortgage Loan. Any income from the related REO Property
received during any calendar months prior to a Final Recovery Determination,
net
of any withdrawals made pursuant to Section 3.23(c) or this Section 3.23(d),
shall be withdrawn by the Servicer from each REO Account maintained by it and
remitted to the Trust Administrator for deposit into the Distribution Account
in
accordance with Section 3.10(d)(ii) on the Servicer Remittance Date relating
to
a Final Recovery Determination with respect to such Mortgage Loan, for
distribution on the related Distribution Date in accordance with Section
4.01.
(e) Subject
to the time constraints set forth in Section 3.23(a), each REO Disposition
shall
be carried out by the Servicer at such price and upon such terms and conditions
as the Servicer shall deem necessary or advisable, as shall be normal and usual
in its general servicing activities for similar properties.
(f) The
proceeds from the REO Disposition, net of any amount required by law to be
remitted to the Mortgagor under the related Mortgage Loan and net of any payment
or reimbursement to the Servicer or any Sub-Servicer as provided above, shall
be
remitted to the Trust Administrator for deposit in the Distribution Account
in
accordance with Section 3.10(d)(ii) on the Servicer Remittance Date in the
month
following the receipt thereof for distribution on the related Distribution
Date
in accordance with Section 4.01. Any REO Disposition shall be for cash only
(unless changes in the REMIC Provisions made subsequent to the Startup Day
allow
a sale for other consideration).
(g) The
Servicer shall file information returns with respect to the receipt of mortgage
interest received in a trade or business, reports of foreclosures and
abandonments of any Mortgaged Property and cancellation of indebtedness income
with respect to any Mortgaged Property as required by Sections 6050H, 6050J
and
6050P of the Code, respectively. Such reports shall be in form and substance
sufficient to meet the reporting requirements imposed by such Sections 6050H,
6050J and 6050P of the Code.
SECTION 3.24. |
Obligations
of the Servicer in Respect of Prepayment Interest
Shortfalls.
|
The
Servicer shall deliver to the Trust Administrator for deposit into the
Distribution Account on the Servicer Remittance Date from its own funds (or
from
a Sub-Servicer’s own funds received by the Servicer in respect of Compensating
Interest) an amount equal to the lesser of (i) the aggregate of the Prepayment
Interest Shortfalls for the related Distribution Date resulting from full or
partial Principal Prepayments during the related Prepayment Period and (ii)
the
applicable Compensating Interest Payment.
SECTION 3.25. |
Obligations
of the Servicer in Respect of Monthly Payments.
|
In
the
event that a shortfall in any collection on or liability with respect to any
Mortgage Loan results from or is attributable to adjustments to Mortgage Rates,
Monthly Payments or Stated Principal Balances that were made by the Servicer
in
a manner not consistent with the terms of the related Mortgage Note and this
Agreement, the Servicer, upon discovery or receipt of notice thereof,
immediately shall deliver to the Trust Administrator for deposit in the
Distribution Account from its own funds the amount of any such shortfall and
shall indemnify and hold harmless the Trust Fund, the Trustee, the Trust
Administrator, the Depositor and any successor servicer in respect of any such
liability. Such indemnities shall survive the termination or discharge of this
Agreement. If amounts paid by the Servicer with respect to any Mortgage Loan
pursuant to this Section 3.25 are subsequently recovered from the related
Mortgagor, the Servicer shall be permitted to reimburse itself for such amounts
paid by it pursuant to this Section 3.25 from such recoveries.
SECTION 3.26. |
Advance
Facility
|
(a) Either
(i) the Servicer or (ii) the Trust Administrator, on behalf of the Trust Fund,
with the consent of and at the direction of the Servicer, is hereby authorized
to enter into a facility with any Person which provides that such Person (an
“Advancing Person”) may fund Advances and/or Servicing Advances to the Trust
Fund under this Agreement, although no such facility shall reduce or otherwise
affect the Servicer’s obligation to fund such Advances and/or Servicing
Advances. If the Servicer enters into such an Advance Facility pursuant to
this
Section 3.26, upon reasonable request of the Advancing Person, the Trust
Administrator shall execute a letter of acknowledgment, confirming its receipt
of notice of the existence of such Advance Facility. If the Trust Administrator
enters into such an Advance Facility pursuant to this Section 3.26, the Servicer
shall also be a party to such Advance Facility. To the extent that an Advancing
Person funds any Advance or any Servicing Advance and provides the Trust
Administrator with notice acknowledged by the Servicer that such Advancing
Person is entitled to reimbursement, such Advancing Person shall be entitled
to
receive reimbursement pursuant to this Agreement for such amount to the extent
provided in Section 3.26(b). Such notice from the Advancing Person must specify
the amount of the reimbursement, the Section of this Agreement that permits
the
applicable Advance or Servicing Advance to be reimbursed and the section(s)
of
the Advance Facility that entitle the Advancing Person to request reimbursement
from the Trust Administrator, rather than the Servicer, and include the
Servicer’s acknowledgment thereto or proof of an Event of Default under the
Advance Facility. The Trust Administrator shall have no duty or liability with
respect to any calculation of any reimbursement to be paid to an Advancing
Person and shall be entitled to rely without independent investigation on the
Advancing Person’s notice provided pursuant to this Section 3.26. An Advancing
Person whose obligations hereunder are limited to the funding of Advances and/or
Servicing Advances shall not be required to meet the qualifications of a
Servicer or a Sub-Servicer pursuant to Section 3.02 hereof and will not be
deemed to be a Sub-Servicer under this Agreement.
(b) If
an
advancing facility is entered into, then the Servicer shall not be permitted
to
reimburse itself therefor under Section 3.11(a)(ii), Section 3.11(a)(iii) and
Section 3.11(a)(vi) prior to the remittance to the Trust Fund, but instead
the
Servicer shall include such amounts in the applicable remittance to the Trust
Administrator made pursuant to Section 3.11(a). The Trust Administrator is
hereby authorized to pay to the Advancing Person, reimbursements for Advances
and Servicing Advances from the Distribution Account to the same extent the
Servicer would have been permitted to reimburse itself for such Advances and/or
Servicing Advances in accordance with Section 3.11(a)(ii), Section 3.11(a)(iii)
and Section 3.11(a)(vi), as the case may be, had the Servicer itself funded
such
Advance or Servicing Advance. The Trust Administrator is hereby authorized
to
pay directly to the Advancing Person such portion of the Servicing Fee as the
parties to any advancing facility agree in writing.
(c) All
Advances and Servicing Advances made pursuant to the terms of this Agreement
shall be deemed made and shall be reimbursed on a “first in-first out” (FIFO)
basis.
(d) Any
amendment to this Section 3.26 or to any other provision of this Agreement
that
may be necessary or appropriate to effect the terms of an Advance Facility
as
described generally in this Section 3.26, including amendments to add provisions
relating to a successor servicer, may be entered into by the Trustee, the Trust
Administrator and the Servicer without the consent of any Certificateholder,
notwithstanding anything to the contrary in this Agreement.
SECTION 3.27. |
Late
Remittance.
|
With
respect to any remittance received by the Master Servicer after the day on
which
such payment was due, the Servicer shall pay to the Master Servicer interest
on
any such late payment at an annual rate equal to the Prime Rate, adjusted as
of
the date of each change, plus three percentage points, but in no event greater
than the maximum amount permitted by applicable law. Such interest shall be
deposited in the Distribution Account by the Servicer on the date such late
payment is made and shall cover the period commencing with the day such payment
was due and ending with the Business Day on which such payment is made, both
inclusive. Such interest shall be remitted along with the distribution payable
on the next succeeding Servicer Remittance Date. The payment by the Servicer
of
any such interest shall not be deemed an extension of time for payment or a
waiver of any Servicer Event of Default.
ARTICLE
IIIA
ADMINISTRATION
AND SERVICING
OF
THE
MORTGAGE LOANS
SECTION 3A.01. |
Master
Servicer to Act as Master Servicer
|
The
Master Servicer shall supervise, monitor and oversee the obligation of the
Servicer to service and administer the Mortgage Loans in accordance with the
terms of this Agreement and shall have full power and authority to do any and
all things which it may deem necessary or desirable in connection with such
master servicing and administration. In performing its obligations hereunder,
the Master Servicer shall act in a manner consistent with Accepted Master
Servicing Practices. Furthermore, the Master Servicer shall oversee and consult
with the Servicer as necessary from time-to-time to carry out the Master
Servicer’s obligations hereunder, shall receive, review and evaluate all
reports, information and other data provided to the Master Servicer by the
Servicer and shall cause the Servicer to perform and observe the covenants,
obligations and conditions to be performed or observed by the Servicer under
this Agreement. The Master Servicer shall independently monitor the Servicer’s
servicing activities with respect to each Mortgage Loan, reconcile the results
of such monitoring with such information provided in the previous sentence
on a
monthly basis and coordinate corrective adjustments to the Servicer’s and Master
Servicer’s records, and based on such reconciled and corrected information, the
Master Servicer shall provide such information to the Trust Administrator as
shall be necessary in order for it to prepare the statements specified in
Section 4.02, and prepare any other information and statements required to
be forwarded by the Master Servicer hereunder. The Master Servicer shall
reconcile the results of its Mortgage Loan monitoring with the actual
remittances of the Servicer to the Collection Account pursuant to Section
3.10.
The
Trustee shall furnish the Servicer and the Master Servicer with any powers
of
attorney and other documents in form as provided to it necessary or appropriate
to enable the Servicer and the Master Servicer to service and administer the
Mortgage Loans and REO Properties.
The
Trustee and the Trust Administrator shall provide access to the records and
documentation in possession of the Trustee or the Trust Administrator, as
applicable, regarding the Mortgage Loans and REO Properties and the servicing
thereof to the Certificateholders, the FDIC, and the supervisory agents and
examiners of the FDIC, such access being afforded only upon reasonable prior
written request and during normal business hours at the office of the Trustee
or
the Trust Administrator, as applicable; provided, however, that, unless
otherwise required by law, neither the Trustee nor the Trust Administrator
shall
be required to provide access to such records and documentation if the provision
thereof would violate the legal right to privacy of any Mortgagor. The Trustee
and the Trust Administrator shall allow representatives of the above entities
to
photocopy any of the records and documentation and shall provide equipment
for
that purpose at a charge that covers the Trustee’s or Trust Administrator’s, as
applicable, actual costs.
The
Trustee shall execute and deliver to the Servicer and the Master Servicer any
court pleadings, requests for trustee’s sale or other documents necessary or
desirable to (i) the foreclosure or trustee’s sale with respect to a Mortgaged
Property; (ii) any legal action brought to obtain judgment against any Mortgagor
on the Mortgage Note or Security Instrument; (iii) obtain a deficiency judgment
against the Mortgagor; or (iv) enforce any other rights or remedies provided
by
the Mortgage Note or Mortgage or otherwise available at law or
equity.
SECTION 3A.02. |
[Reserved].
|
SECTION 3A.03. |
Monitoring
of Servicer.
|
The
Master Servicer shall be responsible for reporting to the Trustee, the Trust
Administrator and the Depositor the compliance by the Servicer with its duties
under this Agreement. In the review of the Servicer’s activities, the Master
Servicer may rely upon an Officers’ Certificate of the Servicer (or similar
document signed by a Servicing Officer of the Servicer) with regard to the
Servicer’s compliance with the terms of this Agreement. In the event that the
Master Servicer, determines that the Servicer should be terminated in accordance
with the terms hereof, or that a notice should be sent pursuant to the terms
hereof with respect to the occurrence of an event that, unless cured, would
constitute grounds for such termination, the Master Servicer shall notify the
Depositor, the Trust Administrator and the Trustee thereof and the Master
Servicer shall issue such notice or take such other action as it deems
appropriate.
The
Master
Servicer (or if the Master Servicer is the Servicer, the Trustee), for
the
benefit of the Certificateholders, shall enforce the obligations of the Servicer
under this Agreement, and shall, in the event that it receives notice that
the
Servicer has failed to perform its obligations in accordance with this
Agreement, subject to the preceding paragraph, terminate the rights and
obligations of the Servicer hereunder and in accordance with the provisions
of
Article VII of this Agreement and act as Servicer of the Mortgage Loans or
appoint a successor servicer; provided, however, it is understood and
acknowledged by the parties hereto that there will be a period of transition
(not to exceed 90 days) before the actual servicing functions can be fully
transferred to such successor servicer. Such enforcement, including, without
limitation, the legal prosecution of claims and the pursuit of other appropriate
remedies, shall be in such form and carried out to such an extent and at such
time as the Master Servicer or Trustee, as applicable, in its good faith
business judgment, would require were it the owner of the Mortgage Loans. The
Master Servicer or the Trustee, as applicable, shall pay the costs of such
enforcement at its own expense, provided that the Master Servicer or the
Trustee, as applicable, shall not be required to prosecute or defend any legal
action except to the extent that the Master Servicer or the Trustee, as
applicable, shall have received reasonable indemnity for its costs and expenses
in pursuing such action.
To
the
extent that the costs and expenses of the Master Servicer or Trustee, as
applicable, related to any termination of the Servicer, appointment of a
successor servicer or the transfer and assumption of servicing by the Master
Servicer or the Trustee, as applicable, with respect to this Agreement
(including, without limitation, (i) all legal costs and expenses and all due
diligence costs and expenses associated with an evaluation of the potential
termination of the Servicer as a result of a Servicer Event of Default and
(ii)
all costs and expenses associated with the complete transfer of servicing,
including all servicing files and all servicing data and the completion,
correction or manipulation of such servicing data as may be required by the
successor servicer to correct any errors or insufficiencies in the servicing
data or otherwise to enable the successor servicer to service the Mortgage
Loans
in accordance with this Agreement) are not fully and timely reimbursed by the
terminated Servicer, the Master Servicer or the Trustee, as applicable, shall
be
entitled to reimbursement of such costs and expenses from the Distribution
Account.
The
Master Servicer (or if the Master Servicer is the Servicer, the Trustee) shall,
upon receipt from the Servicer, the Master Servicer or the Trust Administrator,
of notice of any failure of the Servicer to comply with the remittance
requirements and other obligations set forth in this Agreement, enforce such
obligations.
If
the
Master Servicer or the Trustee, as applicable, acts as Servicer, it will not
assume liability for the representations and warranties of the Servicer that
it
replaces.
SECTION 3A.04. |
Fidelity
Bond.
|
The
Master Servicer, at its expense, shall maintain in effect a blanket fidelity
bond and an errors and omissions insurance policy, affording coverage with
respect to all directors, officers, employees and other Persons acting on such
Master Servicer’s behalf, and covering errors and omissions in the performance
of the Master Servicer’s obligations hereunder. The errors and omissions
insurance policy and the fidelity bond shall be in such form and amount
generally acceptable for entities serving as master servicer.
SECTION 3A.05. |
Power
to Act; Procedures.
|
The
Master Servicer shall master service the Mortgage Loans and shall have full
power and authority, subject to the REMIC Provisions and the provisions of
Article X hereof, to do any and all things that it may deem necessary or
desirable in connection with the master servicing and administration of the
Mortgage Loans, including but not limited to the power and authority (i) to
execute and deliver, on behalf of the Certificateholders and the Trustee,
customary consents or waivers and other instruments and documents, (ii) to
consent to transfers of any Mortgaged Property and assumptions of the Mortgage
Notes and related Mortgages, (iii) to collect any Insurance Proceeds and
Liquidation Proceeds, and (iv) to effectuate foreclosure or other conversion
of
the ownership of the Mortgaged Property securing any Mortgage Loan, in each
case, in accordance with the provisions of this Agreement; provided, however,
that the Master Servicer shall not (and, consistent with its responsibilities
under Article X, shall not permit any Servicer to) knowingly or intentionally
take any action, or fail to take (or fail to cause to be taken) any action
reasonably within its control and the scope of duties more specifically set
forth herein, that, under the REMIC Provisions, if taken or not taken, as the
case may be, would cause the Trust REMIC to fail to qualify as a REMIC or result
in the imposition of a tax upon the Trust Fund (including but not limited to
the
tax on prohibited transactions as defined in Section 860F(a)(2) of the Code
and the tax on contributions to a REMIC set forth in Section 860G(d) of the
Code) unless the Master Servicer has received an Opinion of Counsel (but not
at
the expense of the Master Servicer) to the effect that the contemplated action
would not cause any REMIC to fail to qualify as a REMIC or result in the
imposition of a tax upon any REMIC. The Trustee shall furnish the Master
Servicer or the Servicer, upon written request from a Servicing Officer, with
any powers of attorney empowering the Master Servicer or the Servicer to execute
and deliver instruments of satisfaction or cancellation, or of partial or full
release or discharge, and to foreclose upon or otherwise liquidate Mortgaged
Property, and to appeal, prosecute or defend in any court action relating to
the
Mortgage Loans or the Mortgaged Property, in accordance with this Agreement,
and
the Trustee shall execute and deliver such other documents, as the Master
Servicer may request, to enable the Master Servicer to master service and
administer the Mortgage Loans and carry out its duties hereunder, in each case
in accordance with Accepted Master Servicing Practices (and the Trustee shall
have no liability for misuse of any such powers of attorney by the Master
Servicer or the Servicer). If the Master Servicer or the Trustee has been
advised that it is likely that the laws of the state in which action is to
be
taken prohibit such action if taken in the name of the Trustee or that the
Trustee would be adversely affected under the “doing business” or tax laws of
such state if such action is taken in its name, the Master Servicer shall join
with the Trustee in the appointment of a co-trustee pursuant to
Section 8.10 hereof. In the performance of its duties hereunder, the Master
Servicer shall be an independent contractor and shall not, except in those
instances where it is taking action in the name of the Trustee, be deemed to
be
the agent of the Trustee.
SECTION 3A.06. |
Due
on Sale Clauses; Assumption
Agreements.
|
To
the
extent Mortgage Loans contain enforceable due-on-sale clauses, the Master
Servicer shall cause the Servicer to enforce such clauses in accordance with
this Agreement. If applicable law prohibits the enforcement of a due-on-sale
clause or such clause is otherwise not enforced in accordance with this
Agreement, and, as a consequence, a Mortgage Loan is assumed, the original
Mortgagor may be released from liability in accordance with this
Agreement.
SECTION 3A.07. |
[Reserved].
|
SECTION 3A.08. |
Documents,
Records and Funds in Possession of Master Servicer to be Held for
Trustee.
|
The
Master Servicer and the Servicers shall transmit to the Trustee (or the
Custodian on behalf of the Trustee) such documents and instruments coming into
the possession of the Master Servicer or the Servicers from time to time as
are
required by the terms hereof to be delivered to the Trustee, the Trust
Administrator or the Custodian. Any funds received by the Master Servicer or
by
the Servicer in respect of any Mortgage Loan or which otherwise are collected
by
the Master Servicer or by the Servicer as Liquidation Proceeds or Insurance
Proceeds in respect of any Mortgage Loan shall be held for the benefit of the
Trustee and the Certificateholders subject to the Master Servicer’s right to
retain its Master Servicing Fee or withdraw from the Distribution Account the
Master Servicing Compensation and other amounts provided in this Agreement,
and
to the right of the Servicer to retain its Servicing Fee and other amounts
as
provided in this Agreement. The Master Servicer shall, and subject to Section
3.22 shall cause the Servicer to, provide access to information and
documentation regarding the Mortgage Loans to the Trust Administrator, its
agents and accountants at any time upon reasonable request and during normal
business hours, and to Certificateholders that are savings and loan
associations, banks or insurance companies, the Office of Thrift Supervision,
the FDIC and the supervisory agents and examiners of such Office and Corporation
or examiners of any other federal or state banking or insurance regulatory
authority if so required by applicable regulations of the Office of Thrift
Supervision or other regulatory authority, such access to be afforded without
charge but only upon reasonable request in writing and during normal business
hours at the offices of the Master Servicer designated by it. In fulfilling
such
a request the Master Servicer shall not be responsible for determining the
sufficiency of such information.
All
Mortgage Files and funds collected or held by, or under the control of, the
Master Servicer or the Servicer, in respect of any Mortgage Loans, whether
from
the collection of principal and interest payments or from Liquidation Proceeds
or Insurance Proceeds, shall be held by the Servicer or the Master Servicer,
as
applicable, for and on behalf of the Trustee and the Certificateholders and
shall be and remain the sole and exclusive property of the Trustee; provided,
however, that the Master Servicer and the Servicer shall be entitled to setoff
against, and deduct from, any such funds any amounts that are properly due
and
payable to the Master Servicer or the Servicer under this
Agreement.
SECTION 3A.09. |
Compensation
for the Master Servicer.
|
The
Master Servicer shall be entitled to the Master Servicing Fee with respect
to
each Mortgage Loan payable solely from payments of interest in respect of such
Mortgage Loan. The Master Servicer will also be entitled to all income and
gain
realized from any investment of funds in the Distribution Account, pursuant
to
Section 3A.11 and Section 3A.12, for the performance of its activities
hereunder (the “Master Servicing Compensation”). Servicing compensation in the
form of assumption fees, if any, late payment charges, as collected, if any,
or
otherwise shall be retained by the Servicer in accordance with Section 3.18.
The
Master Servicer shall be required to pay all expenses incurred by it in
connection with the performance of its duties hereunder and shall not be
entitled to reimbursement therefor except as provided in this
Agreement.
SECTION 3A.10. |
Obligations
of the Master Servicer in Respect of Prepayment Interest
Shortfalls.
|
In
the
event of a Prepayment Interest Shortfall, the Master Servicer shall remit to
the
Trust Administrator, from its own funds and without right of reimbursement
(except as described below), not later than the related Distribution Date,
Compensating Interest in an amount equal to the lesser of (i) the aggregate
amounts in respect of Compensating Interest required to be paid by the Servicer
pursuant to Section 3.24 with respect to Prepayment Interest Shortfalls
attributable to Principal Prepayments in full on the Mortgage Loans for the
related Distribution Date and not so paid by the Servicer and (ii) the aggregate
compensation payable to the Master Servicer for the related collection period
under this Agreement. In the event the Master Servicer pays any amount in
respect of such Compensating Interest prior to the time it shall have succeeded
as successor servicer, the Master Servicer shall be subrogated to the Trust
Fund’s right to receive such amount from the Servicer. In the event the Trust
Fund receives from the Servicer all or any portion of amounts in respect of
Compensating Interest required to be paid by the Servicer pursuant to Section
3.24, not so paid by the Servicer when required, and paid by the Master Servicer
pursuant to this Section 3A.10, then the Master Servicer may reimburse
itself for the amount of Compensating Interest paid by the Master Servicer
from
such receipts by the Trust Fund.
SECTION 3A.11. |
Distribution
Account.
|
On
behalf
of the Trust Fund, the Trust Administrator shall establish and maintain one
or
more accounts (such account or accounts, the “Distribution Account”), held in
trust for the benefit of the Trustee and the Certificateholders. The
Distribution Account shall be an Eligible Account. The Master Servicer will
deposit in the Distribution Account as identified by the Master Servicer and
as
received by the Master Servicer, the following amounts:
(1) Any
amounts remitted to the Master Servicer by the Servicer from the Collection
Account;
(2) Any
Advances received from the Servicer or made by the Master Servicer or (if the
Master Servicer is the Servicer) the Trustee (in each case in its capacity
as
successor servicer), and any payments of Compensating Interest received from
the
Servicer or made by the Master Servicer (unless, in the case of the Master
Servicer, such amounts are deposited by the Master Servicer directly into the
Distribution Account);
(3) Any
Insurance Proceeds or Net Liquidation Proceeds received by or on behalf of
the
Master Servicer or which were not deposited in the Collection
Account;
(4)
Any
amounts required to be deposited with respect to losses on investments of
deposits in the Distribution Account; and
(5) Any
other
amounts received by or on behalf of the Master Servicer and required to be
deposited in the Distribution Account pursuant to this Agreement.
All
amounts deposited to the Distribution Account shall be held by the Master
Servicer in the name of the Trustee in trust for the benefit of the
Certificateholders in accordance with the terms and provisions of this
Agreement. The requirements for crediting the Distribution Account shall be
exclusive, it being understood and agreed that, without limiting the generality
of the foregoing, payments in the nature of (A) the Master Servicing Fee, (B)
late payment charges or assumption, tax service, statement account or payoff,
substitution, satisfaction, release and other like fees and charges and (C)
the
items enumerated in Section 3A.12(a) (with respect the clearing and
termination of the Distribution Account and with respect to amounts deposited
in
error), in Section 3A.12(b) or in clauses (i), (ii), (iii) and (iv), (v) of
Section 3A.12(c), need not be credited by the Master Servicer to the
Distribution Account. In the event that the Master Servicer shall deposit or
cause to be deposited to the Distribution Account any amount not required to
be
credited thereto, the Trustee or the Trust Administrator, upon receipt of a
written request therefor signed by a Servicing Officer of the Master Servicer,
shall promptly transfer such amount to the Master Servicer, any provision herein
to the contrary notwithstanding.
The
Trust
Administrator may direct any depository institution maintaining the Distribution
Account to invest the funds on deposit in such account or to hold such funds
uninvested. All investments pursuant to this Section 3A.11 shall be in one
or more Permitted Investments bearing interest or sold at a discount, and
maturing, unless payable on demand, (i) no later than the Business Day
immediately preceding the date on which such funds are required to be withdrawn
from such account pursuant to this Agreement, if a Person other than the Trust
Administrator is the obligor thereon or if such investment is managed or advised
by a Person other than the Trust Administrator or an Affiliate of the Trust
Administrator, and (ii) no later than the date on which such funds are required
to be withdrawn from such account pursuant to this Agreement, if the Trust
Administrator is the obligor thereon or if such investment is managed or advised
by the Trust Administrator or any Affiliate. All such Permitted Investments
shall be held to maturity, unless payable on demand. Any investment of funds
in
the Distribution Account shall be made in the name of the Trustee, or in the
name of a nominee of the Trust Administrator. The Trust Administrator shall
be
entitled to sole possession over each such investment, and any certificate
or
other instrument evidencing any such investment shall be delivered directly
to
the Trust Administrator or its agent, together with any document of transfer
necessary to transfer title to such investment to the Trust Administrator or
its
nominee. In the event amounts on deposit in the Distribution Account are at
any
time invested in a Permitted Investment payable on demand, the Trust
Administrator shall:
(x) consistent
with any notice required to be given thereunder, demand that payment thereon
be
made on the last day such Permitted Investment may otherwise mature hereunder
in
an amount equal to the lesser of (1) all amounts then payable thereunder and
(2)
the amount required to be withdrawn on such date; and
(y) demand
payment of all amounts due thereunder promptly upon determination by a
Responsible Officer of the Trust Administrator that such Permitted Investment
would not constitute a Permitted Investment in respect of funds thereafter
on
deposit in the Distribution Account.
All
income and gain realized from the investment of funds deposited in the
Distribution Account shall be for the benefit of the Master Servicer. The Trust
Administrator shall deposit in the Distribution Account the amount of any loss
of principal incurred in respect of any such Permitted Investment made with
funds in such Account immediately upon realization of such loss.
SECTION 3A.12. |
Permitted
Withdrawals and Transfers from the Distribution
Account.
|
The
Trust
Administrator will, from time to time on demand of the Master Servicer, the
Servicer or the Trustee, make or cause to be made such withdrawals or transfers
from the Distribution Account pursuant to this Agreement. The Trust
Administrator may clear and terminate the Distribution Account pursuant to
Section 9.01 and remove amounts from time to time deposited in
error.
On
an
ongoing basis, the Trust Administrator shall withdraw funds from the
Distribution Account to pay (i) any Extraordinary Trust Fund Expenses including
but not limited to amounts payable to the Servicer or the Depositor pursuant
to
Section 6.03(b) or Master Servicer pursuant to Section 6.03(c), and (ii) any
amounts expressly payable to the Master Servicer as set forth in Section
3A.09.
The
Trust
Administrator may withdraw from the Distribution Account any of the following
amounts (in the case of any such amount payable or reimbursable to the Servicer,
only to the extent the Servicer shall not have paid or reimbursed itself such
amount prior to making any remittance to the Master Servicer pursuant to the
terms of this Agreement):
(i) (a)
to
pay to the Master Servicer any unpaid Master Servicing Fees and (b) to reimburse
the Master Servicer or (if the Master Servicer is the Servicer) the Trustee
(to
the extent either of them is obligated to do so as successor Servicer) for
any
Advance of its own funds, the right of the Master Servicer or the Trustee,
as
applicable, to reimbursement pursuant to this subclause (i) being limited to
amounts received on a particular Mortgage Loan (including, for this purpose,
the
Purchase Price therefor, Insurance Proceeds, Liquidation Proceeds and Subsequent
Recoveries) which represent late payments or recoveries of the principal of
or
interest on such Mortgage Loan respecting which such Advance was
made;
(ii) to
reimburse the Master Servicer from Insurance Proceeds, Liquidation Proceeds
or
Subsequent Recoveries relating to a particular Mortgage Loan for amounts
expended by the Master Servicer in good faith in connection with the restoration
of the related Mortgaged Property which was damaged by an Uninsured Cause or
in
connection with the liquidation of such Mortgage Loan;
(iii) to
reimburse the Master Servicer from Insurance Proceeds relating to a particular
Mortgage Loan for insured expenses incurred with respect to such Mortgage Loan
and to reimburse the Master Servicer from Liquidation Proceeds and Subsequent
Recoveries from a particular Mortgage Loan for Liquidation Expenses incurred
with respect to such Mortgage Loan;
(iv) to
reimburse the Master Servicer for advances of funds (other than Advances) made
with respect to the Mortgage Loans, and the right to reimbursement pursuant
to
this subclause being limited to amounts received on the related Mortgage Loan
(including, for this purpose, the Purchase Price therefor, Insurance Proceeds,
Liquidation Proceeds and Subsequent Recoveries) which represent late recoveries
of the payments for which such advances were made;
(v) to
reimburse the Master Servicer (or if the Master Servicer is the Servicer) the
Trustee (to the extent either of them is obligated to do so as successor
Servicer) for any Advance or Servicing Advance, after a Realized Loss has been
allocated with respect to the related Mortgage Loan if the Advance or Servicing
Advance has not been reimbursed pursuant to clauses (i) through
(iv);
(vi) to
make
distributions in accordance with Section 4.01;
(vii) to
pay
compensation to the Trust Administrator on each Distribution Date;
(viii) to
pay
any amounts in respect of taxes pursuant to Section 10.01(g);
(ix) without
duplication of the amount set forth in clause (iii) above, to pay any
Extraordinary Trust Fund Expenses to the extent not paid by the Master Servicer
from the Distribution Account;
(x) without
duplication of any of the foregoing, to reimburse or pay the Servicer any such
amounts as are due thereto under this Agreement and have not been retained
by or
paid to the Servicer, to the extent provided in this Agreement and to refund
to
the Servicer any amount remitted by the Servicer to the Master Servicer in
error;
(xi) to
pay to
the Master Servicer, any interest or investment income earned on funds deposited
in the Distribution Account;
(xii) to
pay
the Credit Risk Manager the Credit Risk Manager Fee;
(xiii) to
withdraw any amount deposited in the Distribution Account in error;
and
(xiv) to
clear
and terminate the Distribution Account pursuant to
Section 9.01.
The
Master Servicer shall keep and maintain separate accounting, on a Mortgage
Loan
by Mortgage Loan basis, for the purpose of accounting for any reimbursement
from
the Distribution Account pursuant to clauses (i) through (v) above or with
respect to any such amounts which would have been covered by such clauses had
the amounts not been retained by the Master Servicer without being deposited
in
the Distribution Account.
On
or
before the Business Day prior to each Distribution Date, the Master Servicer
or
(if the Master Servicer is the Servicer) the Trustee (to the extent either
of
them is obligated to do so as successor Servicer) shall remit to the Trust
Administrator for deposit in the Distribution Account any Advances required
to
be made and the Master Servicer shall deposit in the Distribution Account any
Compensating Interest required to be paid, in either such case by the Master
Servicer or the Trustee, as applicable, with respect to the Mortgage
Loans.
ARTICLE
IV
PAYMENTS
TO CERTIFICATEHOLDERS
SECTION 4.01. |
Distributions.
|
(a) On
each
Distribution Date, the following amounts, in the following order of priority,
shall be distributed by REMIC I to REMIC II on account of the REMIC I Group
I
Regular Interests and distributed to the holders of the Class R Certificates
(in
respect of the Class R-I Interest), as the case may be:
(i) to
Holders of REMIC I Regular Interest I, REMIC I Regular Interest I-1-A through
I-43-B and REMIC I Regular Interest II-1-A through I-31-B, pro rata, in an
amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests
for such Distribution Date, plus (B) any amounts payable in respect thereof
remaining unpaid from previous Distribution Dates.
(ii) to
the
extent of amounts remaining after the distributions made pursuant to clause
(1)
above, payments of principal shall be allocated as follows: (A) first, to REMIC
I Regular Interest I and then to REMIC I Regular Interests I-1-A through I-43-B
and REMIC I Regular Interests I-1-A through I-31-B starting with the lowest
numerical denomination until the Uncertificated Balance of each such REMIC
I
Regular Interest is reduced to zero, provided that, for REMIC I Regular
Interests with the same numerical denomination, such payments of principal
shall
be allocated (y) first to the REMIC I Group I Regular Interests pro rata between
such REMIC I Regular Interests and (z) then to the REMIC I Group II Regular
Interests pro rata between such REMIC I Regular Interests and (B) second, to
the
extent of any Overcollateralization Reduction Amounts, first to REMIC I Regular
Interest I until the Uncertificated Balance of such REMIC I Regular Interest
is
reduced to zero, then, to REMIC I Regular Interests I-1-A through I-43-B and
REMIC I Regular Interests I-1-A through I-31-B starting with the lowest
numerical denomination until the Uncertificated Balance of each such REMIC
I
Regular Interest is reduced to zero, provided that, for REMIC I Regular
Interests with the same numerical denomination, such Overcollateralization
Reduction Amounts shall be allocated (y) first to the REMIC I Group I Regular
Interests pro rata between such REMIC I Regular Interests and (z) then to the
REMIC I Group II Regular Interests pro rata between such REMIC I Regular
Interests.
(iii) to
the
Holders of REMIC I Regular Interest I-LTP, (A) all amounts representing
Prepayment Charges (other
than any Originator Prepayment Charge Payment Amount)
in
respect of the Mortgage Loans received during the related Prepayment Period
and
(B) on the Distribution Date immediately following the expiration of the latest
Prepayment Charge as identified on the Prepayment Charge Schedule or any
Distribution Date thereafter until $100 has been distributed pursuant to this
clause.
(b) On
each
Distribution Date, the following amounts, in the following order of priority,
shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular
Interests or withdrawn from the Distribution Account and distributed to the
holders of the Class R Certificates (in respect of the Class R-II Interest),
as
the case may be:
(i) to
the
Holders of REMIC II Regular Interest II-LTIO-1 and REMIC II Regular Interest
II-LTIO-2, in an amount equal to (a) Uncertificated Accrued Interest for such
REMIC II Regular Interest for such Distribution Date, plus (B) any amounts
in
respect thereof remaining unpaid from previous Distribution Dates.
(ii) to
Holders of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1,
REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC
II
Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular
Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest
II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6,
REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC
II
Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular
Interest II-LTM11, REMIC II Regular Interest II-LTZZ and REMIC II Regular
Interest II-LTP, pro
rata,
in an
amount equal to (A) the Uncertificated Interest for such Distribution Date,
plus
(B) any amounts in respect thereof remaining unpaid from previous Distribution
Dates. Amounts payable as Uncertificated Interest in respect of REMIC II Regular
Interest II-LTZZ shall be reduced and deferred when the REMIC II
Overcollateralized Amount is less than the REMIC II Required
Overcollateralization Amount, by the lesser of (x) the amount of such difference
and (y) the Maximum II-LTZZ Uncertificated Interest Deferral Amount and such
amount will be payable to the Holders of REMIC II Regular Interest II-LTA1,
REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC
II
Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular
Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest
II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6,
REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC
II
Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II
Regular Interest II-LTM11 in the same proportion as the Overcollateralization
Deficiency Amount is allocated to the Corresponding Certificates and the
Uncertificated Balance of REMIC II Regular Interest II-LTZZ shall be increased
by such amount; and
(iii) to
the
Holders of REMIC II Regular Interest II-LTP, (A) on each Distribution Date,
100%
of the amount paid in respect of Prepayment Charges (other than any Originator
Prepayment Charge Payment Amount) and (B) on the Distribution Date immediately
following the expiration of the latest Prepayment Charge as identified on the
Prepayment Charge Schedule or any Distribution Date thereafter until $100 has
been distributed pursuant to this clause;
(iv) to
the
Holders of the REMIC II Regular Interests, in an amount equal to the remainder
of the Available Funds for such Distribution Date after the distributions made
pursuant to clauses (i), (ii) and (iii) above, allocated as
follows:
(a) 98.00%
of
such remainder to the Holders of REMIC II Regular Interest II-LTAA, until the
Uncertificated Balance of such REMIC II Regular Interest is reduced to
zero;
(b) 2.00%
of
such remainder, first to the Holders of REMIC II Regular Interest II-LTA1,
REMIC
II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular
Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest
II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4,
REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC
II
Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular
Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular
Interest II-LTM11, equal to 1.00% of and in the same proportion as principal
payments are allocated to the Corresponding Certificates, until the
Uncertificated Balances of such REMIC II Regular Interests are reduced to zero
and second, to the Holders of REMIC II Regular Interest II-LTZZ, 1.00%, until
the Uncertificated Balance of such REMIC II Regular Interest is reduced to
zero;
and
(c) any
remaining amount to the Holders of the Class R Certificates (in respect of
the
Class R-II Interest);
provided,
however, that (i) 98.00% and (ii) 2.00% of any principal payments that are
attributable to an Overcollateralization Release Amount shall be allocated
to
Holders of (i) REMIC II Regular Interest II-LTAA and REMIC II Regular Interest
II-LTZZ, respectively; once the Uncertificated Principal Balances of REMIC
II
Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular
Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest
II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3,
REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC
II
Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular
Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest
II-LTM10, and REMIC II Regular Interest II-LTM11 have been reduced to
zero.
On
each
Distribution Date, all amounts representing Prepayment Charges (other than
any
Originator Prepayment Charge Payment Amount) in respect of the Mortgage Loans
during the related Prepayment Period will be distributed by REMIC II to the
Holders of REMIC II Regular Interest II-LTP. The payment of the foregoing
amounts to the Holders of REMIC II Regular Interest II-LTP shall not reduce
the
Uncertificated Balance thereof.
(c) On
each
Distribution Date, the Trust Administrator shall withdraw from the Distribution
Account that portion of Available Funds for such Distribution Date consisting
of
the Interest Remittance Amount for such Distribution Date, and make the
following distributions in the order of priority described below, in each case
to the extent of the Interest Remittance Amount remaining for such Distribution
Date:
(i) concurrently,
to the Holders of the Class A Certificates, on a pro
rata
basis
based on the entitlement of each such Class, the Monthly Interest Distributable
Amount and the Unpaid Interest Shortfall Amount, if any, for such Certificates
for such Distribution Date; and
(ii) sequentially,
to the Holders of the Class M-1 Certificates, the Class M-2 Certificates, the
Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates,
the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8
Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the
Class M-11 Certificates, in that order, the Monthly Interest Distributable
Amount allocable to each such Class of Certificates.
(d) (I)On
each
Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
Event
is in effect, distributions in respect of principal to the extent of the
Principal Distribution Amount shall be made in the following amounts and order
of priority:
(i) to
the
Holders of the Class A Certificates (allocated among the Class A Certificates
in
the priority described below), until the Certificate Principal Balances thereof
have been reduced to zero; and
(ii) sequentially,
to the Holders of the Class M-1 Certificates, the Class M-2 Certificates, the
Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates,
the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8
Certificates, the Class M-9 Certificates, the Class M-10 Certificates and the
Class M-11 Certificates, in that order, until the Certificate Principal Balances
thereof have been reduced to zero.
(II) On
each
Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger
Event is not in effect, distributions in respect of principal to the extent
of
the Principal Distribution Amount shall be made in the following amounts and
order of priority:
(i) to
the
Holders of the Class A Certificates (allocated among the Class A Certificates
in
the priority described below), the Senior Principal Distribution Amount until
the Certificate Principal Balances thereof have been reduced to zero;
(ii) to
the
Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(iii) to
the
Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(iv) to
the
Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(v) to
the
Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(vi) to
the
Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(vii) to
the
Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(viii) to
the
Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(ix) to
the
Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(x) to
the
Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
(xi) to
the
Holders of the Class M-10 Certificates, the Class M-10 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero;
and
(xii) to
the
Holders of the Class M-11 Certificates, the Class M-11 Principal Distribution
Amount until the Certificate Principal Balance thereof has been reduced to
zero.
With
respect to the Class A Certificates, all principal distributions will be
distributed sequentially to the Class A-1 Certificates, the Class A-2
Certificates, the Class A-3 Certificates and the Class A-4 Certificates, in
that
order, until their respective Certificate Principal Balances have been reduced
to zero. Notwithstanding any provisions contained in this Agreement to the
contrary, on any Distribution Date on which the aggregate Certificate Principal
Balance of the Subordinate Certificates has been reduced to zero, all
distributions of principal to the Class A Certificates shall be distributed
concurrently to the Class A-1 Certificates, the Class A-2 Certificates, the
Class A-3 Certificates and the Class A-4 Certificates, on a pro
rata
basis
based on the Certificate Principal Balance of each such Class.
(e) On
each
Distribution Date, the Net Monthly Excess Cashflow shall be distributed as
follows:
(i) to
the
Holders of the Class or Classes of Certificates then entitled to receive
distributions in respect of principal, in an amount equal to any Extra Principal
Distribution Amount, without taking into account amounts, if any, received
under
the Cap Contract and the Interest Rate Swap Agreements, distributable to such
Holders as part of the Principal Distribution Amount, as applicable, as
described under Section 4.01(b) above;
(ii) sequentially,
to the Holders of the Class M-1 Certificates, Class M-2 Certificates, Class
M-3
Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6
Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9
Certificates, Class M-10 Certificates and Class M-11 Certificates, in that
order, in each case first, in an amount equal to the Unpaid Interest Shortfall
Amount allocable to such Certificates and second, in an amount equal to the
Allocated Realized Loss Amount allocable to such Certificates;
(iii) to
the
Net WAC Rate Carryover Reserve Account, the amount of any Net WAC Rate Carryover
Amounts, without taking into account amounts, if any, received under the Cap
Contract and the Interest Rate Swap Agreements;
(iv) to
the
Swap Providers, any Swap Termination Payments resulting from a Swap Provider
Trigger Event;
(v) to
the
Holders of the Class CE Certificates, (a) the Monthly Interest Distributable
Amount and any Overcollateralization Release Amount for such Distribution Date
and (b) on any Distribution Date on which the aggregate Certificate Principal
Balance of the Class A Certificates and the Mezzanine Certificates has been
reduced to zero, any remaining amounts in reduction of the Certificate Principal
Balance of the Class CE Certificates, until the Certificate Principal Balance
thereof has been reduced to zero;
(vi) if
such
Distribution Date follows the Prepayment Period during which occurs the latest
date on which a Prepayment Charge may be required to be paid in respect of
any
Mortgage Loans, to the Holders of the Class P Certificates, in reduction of
the
Certificate Principal Balance thereof, until the Certificate Principal Balance
thereof is reduced to zero; and
(vii) any
remaining amounts to the Holders of the Residual Certificates (in respect of
the
appropriate Class R Interest).
Without
limiting the provisions of Section 9.01(b), by acceptance of the Residual
Certificates the Holders of the Residual Certificates agree, and it is the
understanding of the parties hereto, that for so long as any of the notes issued
pursuant to the Indenture are outstanding or any amounts are reimbursable or
payable to the NIMS Insurer in accordance with the terms of the Indenture,
to
pledge their rights to receive any amounts otherwise distributable to the
Holders of the Class R Certificates (and such rights are hereby assigned and
transferred) to the Holders of the Class CE Certificates.
(f) On
each
Distribution Date, after making the distributions of the Available Funds as
set
forth above, the Trust Administrator will withdraw from the Net WAC Rate
Carryover Reserve Account, to the extent of amounts remaining on deposit
therein, the amount of any Net WAC Rate Carryover Amount for such Distribution
Date and distribute such amount in the following order of priority:
(i)
concurrently, to the Class A Certificates, on a pro
rata
basis
based on the remaining Net WAC Rate Carryover Amount for each such Class;
and
(ii) (ii)
sequentially, to the Class M-1 Certificates, Class M-2 Certificates, Class
M-3
Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6
Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9
Certificates, Class M-10 Certificates and Class M-11 Certificates, in that
order, the Net WAC Rate Carryover Amount for each such Class.
On
each
Distribution Date, the Trust Administrator shall withdraw any amounts then
on
deposit in the Distribution Account that represent (i) Prepayment Charges
collected by the related Servicer and remitted to the Master Servicer in
connection with the Principal Prepayment of any of the Mortgage Loans or (ii)
any Servicer Prepayment Charge Payment Amounts, and shall distribute such
amounts to the Holders of the Class P Certificates. Such distributions shall
not
be applied to reduce the Certificate Principal Balance of the Class P
Certificates.
Following
the foregoing distributions, an amount equal to the amount of Subsequent
Recoveries remitted to the Master Servicer shall be applied to increase the
Certificate Principal Balance of the Class of Certificates with the Highest
Priority up to the extent of such Realized Losses previously allocated to that
Class of Certificates pursuant to Section 4.04. An amount equal to the
amount of any remaining Subsequent Recoveries shall be applied to increase
the
Certificate Principal Balance of the Class of Certificates with the next Highest
Priority, up to the amount of such Realized Losses previously allocated to
that
Class of Certificates pursuant to Section 4.04. Holders of such
Certificates will not be entitled to any distribution in respect of interest
on
the amount of such increases for any Accrual Period preceding the Distribution
Date on which such increase occurs. Any such increases shall be applied to
the
Certificate Principal Balance of each Certificate of such Class in accordance
with its respective Percentage Interest.
(g) On
each
Distribution Date, after making the distributions of the Available Funds, Net
Monthly Excess Cashflow and amounts on deposit in the Net WAC Rate Carryover
Reserve Account as set forth above, the Trust Administrator shall distribute
the
amount on deposit in the Swap Account as follows:
(i) to
the
Swap Providers, any Net Swap Payment owed to a Swap Provider pursuant to the
related Interest Rate Swap Agreement for such Distribution Date;
(ii) to
the
Swap Providers, any Swap Termination Payment owed to a Swap Provider not due
to
a Swap Provider Trigger Event pursuant to the related Interest Rate Swap
Agreement;
(iii) concurrently,
to each Class of Class A Certificates, the related Monthly Interest
Distributable Amount and Unpaid Interest Shortfall Amount remaining
undistributed after the distributions of the Interest Remittance Amount, on
a
pro rata basis based on such respective remaining Monthly Interest Distributable
Amount and Unpaid Interest Shortfall Amount;
(iv) sequentially,
to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class
M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
order, the related Monthly Interest Distributable Amount and Unpaid Interest
Shortfall Amount, to the extent remaining undistributed after the distributions
of the Interest Remittance Amount and the Net Monthly Excess
Cashflow;
(v) to
the
Holders of the Class or Classes of Certificates then entitled to receive
distributions in respect of principal, in an amount equal to any Extra Principal
Distribution Amount, without taking into account amounts, if any, received
under
the Interest Rate Swap Agreements, distributable to such Holders as part of
the
Principal Distribution Amount, remaining undistributed after distribution of
the
Net Monthly Excess Cashflow;
(vi) sequentially
to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class
M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
order, in each case up to the related Allocated Realized Loss Amount related
to
such Certificates for such Distribution Date remaining undistributed after
distribution of the Net Monthly Excess Cashflow;
(vii) concurrently,
to each Class of Class A Certificates, the Net WAC Rate Carryover Amount, to
the
extent remaining undistributed after distributions are made from the Net WAC
Rate Carryover Reserve Account, on a pro rata basis based on such respective
Net
WAC Rate Carryover Amounts remaining; and
(viii) sequentially,
to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class
M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
order, the Net WAC Rate Carryover Amount, to the extent remaining undistributed
after distributions are made from the Net WAC Rate Carryover Reserve
Account.
(h) On
each
Distribution Date, after making the distributions of the Available Funds, Net
Monthly Excess Cashflow, amounts on deposit in the Net WAC Rate Carryover
Reserve Account and amounts on deposit in the Swap Account as set forth above,
the Trust Administrator shall distribute the amount on deposit in the Cap
Account as follows:
(1) concurrently,
to each Class of Class A Certificates, the related Monthly Interest
Distributable Amount and Unpaid Interest Shortfall Amount remaining
undistributed after the distributions of the Interest Remittance Amount, on
a
pro
rata
basis
based on such respective remaining Monthly Interest Distributable Amount and
Unpaid Interest Shortfall Amount;
(2) sequentially,
to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class
M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
order, the related Monthly Interest Distributable Amount and Unpaid Interest
Shortfall Amount, to the extent remaining undistributed after the distributions
of the Interest Remittance Amount and the Net Monthly Excess
Cashflow;
(3) to
the
Holders of the Class or Classes of Certificates then entitled to receive
distributions in respect of principal, in an amount equal to any Extra Principal
Distribution Amount, without taking into account amounts, if any, received
under
the Interest Rate Swap Agreement, distributable to such Holders as part of
the
Principal Distribution Amount, remaining undistributed after distribution of
the
Net Monthly Excess Cashflow;
(4) sequentially
to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class
M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
order, in each case up to the related Allocated Realized Loss Amount related
to
such Certificates for such Distribution Date remaining undistributed after
distribution of the Net Monthly Excess Cashflow;
(5) concurrently,
to each Class of Class A Certificates, the related Net WAC Rate Carryover
Amount, to the extent remaining undistributed after distributions are made
from
the Net WAC Rate Carryover Reserve Account, on a pro
rata
basis
based on such respective Net WAC Rate Carryover Amounts remaining;
(6) sequentially,
to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class
M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that
order, the related Net WAC Rate Carryover Amount, to the extent remaining
undistributed after distributions are made from the Net WAC Rate Carryover
Reserve Account; and
(7) any
remaining amount to the Holders of the Class CE Certificates.
(i) Distributions
made with respect to each Class of Certificates on each Distribution Date shall
be allocated pro
rata
among
the outstanding Certificates in such Class based on their respective Percentage
Interests. Distributions in respect of each Class of Certificates on each
Distribution Date will be made to the Holders of the respective Class of record
on the related Record Date (except as otherwise provided in Section 4.01(d)
or Section 9.01 respecting the final distribution on such Class), based on
the aggregate Percentage Interest represented by their respective Certificates,
and shall be made by wire transfer of immediately available funds to the account
of any such Holder at a bank or other entity having appropriate facilities
therefor, if such Holder shall have so notified the Trust Administrator in
writing at least five Business Days prior to the Record Date immediately prior
to such Distribution Date and is the registered owner of Certificates having
an
initial aggregate Certificate Principal Balance or Notional Amount that is
in
excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the initial
Certificate Principal Balance or Notional Amount of such Class of Certificates,
or otherwise by check mailed by first class mail to the address of such Holder
appearing in the Certificate Register. The final distribution on each
Certificate will be made in like manner, but only upon presentment and surrender
of such Certificate at the Corporate Trust Office of the Trust Administrator
or
such other location specified in the notice to Certificateholders of such final
distribution.
Each
distribution with respect to a Book-Entry Certificate shall be paid to the
Depository, as Holder thereof, and the Depository shall be responsible for
crediting the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each Depository
Participant shall be responsible for disbursing such distribution to the
Certificate Owners that it represents and to each indirect participating
brokerage firm (a “brokerage firm” or “indirect participating firm”) for which
it acts as agent. Each brokerage firm shall be responsible for disbursing funds
to the Certificate Owners that it represents. None of the Trustee, the Trust
Administrator, the Depositor or the Master Servicer shall have any
responsibility therefor except as otherwise provided by this Agreement or
applicable law.
(j) The
rights of the Certificateholders to receive distributions in respect of the
Certificates, and all interests of the Certificateholders in such distributions,
shall be as set forth in this Agreement. None of the Holders of any Class of
Certificates, the Trustee, the Trust Administrator or the Master Servicer shall
in any way be responsible or liable to the Holders of any other Class of
Certificates in respect of amounts properly previously distributed on the
Certificates.
(k) Except
as
otherwise provided in Section 9.01, whenever the Trust Administrator
expects that the final distribution with respect to any Class of Certificates
will be made on the next Distribution Date, the Trust Administrator shall,
no
later than three (3) days before the related Distribution Date, mail to each
Holder on such date of such Class of Certificates a notice to the effect
that:
(i) the
Trust
Administrator expects that the final distribution with respect to such Class
of
Certificates will be made on such Distribution Date but only upon presentation
and surrender of such Certificates at the office of the Trust Administrator
therein specified, and
(ii) no
interest shall accrue on such Certificates from and after the end of the related
Accrual Period.
Any
funds
not distributed to any Holder or Holders of Certificates of such Class on such
Distribution Date because of the failure of such Holder or Holders to tender
their Certificates shall, on such date, be set aside and held in trust by the
Trust Administrator and credited to the account of the appropriate non-tendering
Holder or Holders. If any Certificates as to which notice has been given
pursuant to this Section 4.01(e) shall not have been surrendered for
cancellation within six months after the time specified in such notice, the
Trust Administrator shall mail a second notice to the remaining non-tendering
Certificateholders to surrender their Certificates for cancellation in order
to
receive the final distribution with respect thereto. If within one year after
the second notice all such Certificates shall not have been surrendered for
cancellation, the Trust Administrator shall, directly or through an agent,
mail
a final notice to the remaining non-tendering Certificateholders concerning
surrender of their Certificates but shall continue to hold any remaining funds
for the benefit of non-tendering Certificateholders. The costs and expenses
of
maintaining the funds in trust and of contacting such Certificateholders shall
be paid out of the assets remaining in the Trust Fund. If within one year after
the final notice any such Certificates shall not have been surrendered for
cancellation, the Trust Administrator shall pay to UBS Securities LLC all such
amounts, and all rights of non-tendering Certificateholders in or to such
amounts shall thereupon cease. No interest shall accrue or be payable to any
Certificateholder on any amount held in trust by the Trust Administrator as
a
result of such Certificateholder’s failure to surrender its Certificate(s) for
final payment thereof in accordance with this Section 4.01(d). Any such
amounts held in trust by the Trust Administrator shall be held in an Eligible
Account and the Trust Administrator may direct any depository institution
maintaining such account to invest the funds in one or more Permitted
Investments. All income and gain realized from the investment of funds deposited
in such accounts held in trust by the Trust Administrator shall be for the
benefit of the Trust Administrator; provided, however, that the Trust
Administrator shall deposit in such account the amount of any loss of principal
incurred in respect of any such Permitted Investment made with funds in such
accounts immediately upon the realization of such loss.
(l) Notwithstanding
anything to the contrary herein, (i) in no event shall the Certificate Principal
Balance of a Class A Certificate or a Mezzanine Certificate be reduced more
than
once in respect of any particular amount both (a) allocated to such Certificate
in respect of Realized Losses pursuant to Section 4.04 and (b) distributed
to the Holder of such Certificate in reduction of the Certificate Principal
Balance thereof pursuant to this Section 4.01 from Net Monthly Excess
Cashflow and (ii) in no event shall the Uncertificated Balance of a REMIC I
Regular Interest be reduced more than once in respect of any particular amount
both (a) allocated to such REMIC I Regular Interest in respect of Realized
Losses pursuant to Section 4.04 and (b) distributed on such REMIC I Regular
Interest in reduction of the Uncertificated Balance thereof pursuant to this
Section 4.01.
SECTION 4.02. |
Statements
to Certificateholders.
|
On
each
Distribution Date, based (in part), as applicable, on information provided
to
the Trust Administrator by the Master Servicer (which in turn shall be based
(in
part), as applicable, on information provided to the Master Servicer by the
Servicers), the Trust Administrator shall prepare and make available to each
Holder of the Regular Certificates, the Credit Risk Manager, the other parties
hereto and the Rating Agencies, a statement as to the distributions to be made
on such Distribution Date containing the following information:
(i) the
amount of the distribution made on such Distribution Date to the Holders of
the
Certificates of each Class allocable to principal, and the amount of the
distribution made on such Distribution Date to the Holders of the Class P
Certificates allocable to Prepayment Charges and Servicer Prepayment Charge
Payment Amounts;
(ii) the
amount of the distribution made on such Distribution Date to the Holders of
the
Certificates of each Class allocable to interest;
(iii) the
fees
and expenses of the Trust accrued and paid on such Distribution Date and to
whom
such fees and expenses were paid;
(iv) the
aggregate amount of Advances for such Distribution Date (including the general
purpose of such Advances);
(v) the
aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties
as of the last day of the related Due Period;
(vi) the
number, aggregate Stated Principal Balance, weighted average remaining term
to
maturity and weighted average Mortgage Rate of the Mortgage Loans as of the
related Due Date;
(vii) the
number and aggregate unpaid Principal Balance of Mortgage Loans (a) delinquent
30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days,
in
each case, as of the last day of the preceding calendar month, (d) as to which
foreclosure proceedings have been commenced and (e) with respect to which the
related Mortgagor has filed for protection under applicable bankruptcy laws,
with respect to whom bankruptcy proceedings are pending or with respect to
whom
bankruptcy protection is in force;
(viii) the
total
number and cumulative principal balance of all REO Properties as of the close
of
business on the last day of the preceding Prepayment Period;
(ix) the
aggregate amount of Principal Prepayments made during the related Prepayment
Period;
(x) the
Delinquency Percentage;
(xi) the
aggregate amount of Realized Losses incurred during the related Prepayment
Period, which will include the aggregate amount of Subsequent Recoveries
received during the related Prepayment Period and the aggregate amount of
Realized Losses incurred since the Closing Date, which will include the
cumulative amount of Subsequent Recoveries received since the Closing
Date;
(xii) the
aggregate amount of Extraordinary Trust Fund Expenses withdrawn from the
Collection Account or the Distribution Account for such Distribution
Date;
(xiii) the
aggregate Certificate Principal Balance and Notional Amount, as applicable,
of
each Class of Certificates, before and after giving effect to the distributions,
and allocations of Realized Losses, made on such Distribution Date, separately
identifying any reduction thereof due to allocations of Realized
Losses;
(xiv) the
Certificate Factor for each such Class of Certificates applicable to such
Distribution Date;
(xv) the
Monthly Interest Distributable Amount in respect of the Class A Certificates,
the Mezzanine Certificates and the Class CE Certificates for such Distribution
Date and the Unpaid Interest Shortfall Amount, if any, with respect to the
Class
A Certificates and the Mezzanine Certificates on such Distribution Date,
separately identifying any reduction thereof due to allocations of Realized
Losses, Prepayment Interest Shortfalls and Relief Act Interest
Shortfalls;
(xvi) the
aggregate amount of any Prepayment Interest Shortfall for such Distribution
Date, to the extent not covered by payments by the Servicer or the Master
Servicer;
(xvii) the
aggregate amount of Relief Act Interest Shortfalls for such Distribution
Date;
(xviii) the
Net
Monthly Excess Cashflow, the Overcollateralization Target Amount, the
Overcollateralized Amount, the Overcollateralization Deficiency Amount and
the
Credit Enhancement Percentage for such Distribution Date;
(xix) the
respective Pass-Through Rates applicable to the Class A Certificates, the
Mezzanine Certificates and the Class CE Certificates for such Distribution
Date
(and whether such Pass-Through Rate was limited by the Net WAC
Rate);
(xx) the
Aggregate Loss Severity Percentage;
(xxi) whether
the Stepdown Date or a Trigger Event is in effect;
(xxii) the
total
cashflows received and the general sources thereof;
(xxiii) the
Available Funds;
(xxiv) the
Net
WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine
Certificates, if any, for such Distribution Date, the amount remaining unpaid
after reimbursements therefor on such Distribution Date;
(xxv) payments,
if any, made under the Cap Contract and the amount of any Net Swap Payments
or
Swap Termination Payments; and
(xxvi) if
applicable, material modifications, extensions or waivers to Mortgage Loan
terms, fees, penalties or payments during the preceding calendar month or that
have become material over time; and
(xxvii) the
applicable Record Dates, Accrual Periods and determination dates for calculating
distributions for such Distribution Date.
The
Trust
Administrator will make such statement (and, at its option, any additional
files
containing the same information in an alternative format) available each month
to Certificateholders, the Master Servicer, the Servicer, the Depositor and
the
Rating Agencies via the Trust Administrator’s internet website. The Trust
Administrator’s internet website shall initially be located at
“xxx.xxxxxxx.xxx”. Assistance in using the website can be obtained by calling
the Trust Administrator’s customer service desk at (000) 000-0000. Parties that
are unable to use the above distribution options are entitled to have a paper
copy mailed to them via first class mail by calling the customer service desk
and indicating such. The Trust Administrator shall have the right to change
the
way such statements are distributed in order to make such distribution more
convenient and/or more accessible to the above parties and the Trust
Administrator shall provide timely and adequate notification to all above
parties regarding any such changes. As a condition to access the Trust
Administrator’s internet website, the Trust Administrator may require
registration and the acceptance of a disclaimer. The Trust Administrator will
not be liable for the dissemination of information in accordance with this
Agreement. The Trust Administrator shall also be entitled to rely on but shall
not be responsible for the content or accuracy of any information provided
by
third parties for purposes of preparing the distribution date statement and
may
affix thereto any disclaimer it deems appropriate in its reasonable discretion
(without suggesting liability on the part of any other party
thereto).
In
the
case of information furnished pursuant to subclauses (i) through (iii) above,
the amounts shall be expressed as a dollar amount per Single Certificate of
the
relevant Class.
Within
a
reasonable period of time after the end of each calendar year, the Trust
Administrator shall, upon written request, forward to each Person who at any
time during the calendar year was a Holder of a Regular Certificate and the
NIMS
Insurer a statement containing the information set forth in subclauses (i)
through (iii) above, aggregated for such calendar year or applicable portion
thereof during which such Person was a Certificateholder. Such obligation of
the
Trust Administrator shall be deemed to have been satisfied to the extent that
substantially comparable information shall be provided by the Trust
Administrator pursuant to any requirements of the Code as from time to time
are
in force.
Within
a
reasonable period of time after the end of each calendar year, the Trust
Administrator shall furnish to each Person who at any time during the calendar
year was a Holder of a Residual Certificate and the NIMS Insurer a statement
setting forth the amount, if any, actually distributed with respect to the
Residual Certificates, as appropriate, aggregated for such calendar year or
applicable portion thereof during which such Person was a
Certificateholder.
The
Trust
Administrator shall, upon request, furnish to each Certificateholder and the
NIMS Insurer, during the term of this Agreement, such periodic, special, or
other reports or information, whether or not provided for herein, as shall
be
reasonable with respect to the Certificateholder, or otherwise with respect
to
the purposes of this Agreement, all such reports or information to be provided
at the expense of the Certificateholder in accordance with such reasonable
and
explicit instructions and directions as the Certificateholder may provide.
For
purposes of this Section 4.02, the Trust Administrator’s duties are limited
to the extent that the Master Servicer receives timely reports as required
from
the Servicer.
On
each
Distribution Date the Trust Administrator shall provide Intex Solutions, Inc.
and Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP level factors for each
class of Certificates as of such Distribution Date, using a format and media
mutually acceptable to the Trust Administrator and Bloomberg.
(b) For
each
Distribution Date, through and including the Distribution Date in December
2006,
the Trust Administrator shall calculate the Significance Percentage of the
Interest Rate Swap Agreement. If on any such Distribution Date, the Significance
Percentage is equal to or greater than 9%, the Trust Administrator shall
promptly notify the Depositor and the Depositor shall obtain the financial
information required to be delivered by the Swap Provider pursuant to the terms
of the Interest Rate Swap Agreement. If, on any succeeding Distribution Date
through and including the Distribution Date in December 2006, the Significance
Percentage is equal to or greater than 10%, the Trust Administrator shall
promptly notify the Depositor and the Depositor shall, within 5 Business Days
of
such Distribution Date, deliver to the Trust Administrator the financial
information provided to it by the Swap Provider for inclusion in the Form 10-D
relating to such Distribution Date. If on any Distribution Date after December
2006, the Significance Percentage is greater than 10%, the Trust Administrator
shall include the Significance Percentage on the statement to Certificateholders
for the related Distribution Date.
With
respect to any Distribution Date, for purposes of determining the numerator
of
the fraction that constitutes the Significance Percentage, the interest rate
used to project future amounts payable under the Interest Rate Swap Agreement
shall be equal to the highest rate reflected on the Implied Forwards Curve
available at Bloomberg Financial Markets, L.P. for the remaining term of the
Interest Rate Swap Agreement plus the percentage equivalent of a fraction,
the
numerator of which is 3.00% and the denominator of which is the number of
remaining Distribution Dates on which the Swap Administrator is entitled to
receive payments under the Interest Rate Swap Agreement. The discount rate
used
to determine the net present value of the estimated future amounts payable
shall
be equal to the lowest rate reflected on the Implied Forwards Curve. The Trust
Administrator shall obtain the Implied Forwards Curve from Bloomberg within
15
Business Days of the respective Distribution Date. To determine the Implied
Forwards Curve for such Distribution Date, the Trust Administrator shall take
the following steps on the Bloomberg terminal: (1) the following keystrokes
shall be entered: fwcv <enter>, 27 <enter>, 3 <enter>; (2) the
Forwards shall be set to “1-Mo”; (3) the Intervals shall be set to “1-Mo”; and
(4) the Points shall be set to equal the remaining term of the Interest Rate
Swap Agreement in months and the Trust Administrator shall click <enter>.
For purposes of estimating future amounts payable under the Interest Rate Swap
Agreement, the accrual period for both the Fixed Amounts and the Floating
Amounts (as defined in the Confirmation) shall be assumed to be a 30-day period
in a 360-day year.
SECTION 4.03. |
Remittance
Reports, Advances.
|
(a) On
the
10th day of each calendar month (or, if such 10th day is not a Business Day,
then on the next succeeding Business Day), the Servicer shall furnish to the
Trust Administrator a monthly remittance advice (which together with any
supplemental reports is known as the “Remittance Report”) in a format attached
as Exhibit S (with respect to JPMorgan) or Exhibit R-2 (with respect to Xxxxx
Fargo) or in any other format as mutually agreed to between the Servicer and
the
Trust Administrator, containing such information regarding the Mortgage Loans
as
is needed by the Trust Administrator to perform its duties as set forth in
Section 4.01 and 4.02 hereof. Such Remittance Report will also include a
delinquency report substantially in the form set forth in Exhibit R-1 and a
realized loss report substantially in the form set forth in Exhibit R-3 (or
in
either case, such other format as mutually agreed to between the Servicer and
the Trust Administrator). No later than 3 Business Days after the 15th day
of
each calendar month, the Servicer shall furnish to the Trust Administrator
a
monthly report containing such information regarding prepayments in full on
Mortgage Loans during the applicable Prepayment Period in a format as mutually
agreed to between the Servicer and the Trust Administrator. The Trust
Administrator shall, on behalf of each Servicer, on such date furnish a copy
of
the Remittance Report to the Credit Risk Manager by such means as the Trust
Administrator shall agree from time to time. The Trust Administrator shall
not
be responsible to recompute, recalculate or verify any information provided
to
it by the Servicer.
(b) With
respect to any Mortgage Loan on which a Monthly Payment was due during the
related Due Period and delinquent on the related Determination Date, the amount
of the related Servicer’s Advance will be equal to the Monthly Payment (net of
the related Servicing Fee) that would have been due on the related Due Date
in
respect of the related Mortgage Loan. With respect to each REO Property, which
REO Property was acquired during or prior to the related Prepayment Period
and
as to which such REO Property an REO Disposition did not occur during the
related Prepayment Period, an amount equal to the excess, if any, of the Monthly
Payment (net of the related Servicing Fee) that would have been due on the
related Due Date in respect of the related Mortgage Loan, over the net income
from such REO Property deposited in the related Collection Account pursuant
to
Section 3.23 for distribution on such Distribution Date.
On
the
Servicer Remittance Date, each Servicer shall remit in immediately available
funds to the Trust Administrator for deposit in the Distribution Account an
amount equal to the aggregate amount of Advances, if any, to be made in respect
of the Mortgage Loans serviced by it for the related Distribution Date either
(i) from its own funds or (ii) from the related Collection Account, to the
extent of funds held therein for future distribution (in which case it will
cause to be made an appropriate entry in the records of the related Collection
Account that amounts held for future distribution have been, as permitted by
this Section 4.03, used by the related Servicer in discharge of any such
Advance) or (iii) in the form of any combination of (i) and (ii) aggregating
the
total amount of Advances to be made by the related Servicer with respect to
the
Mortgage Loans serviced by it. Any amounts held for future distribution used
by
a Servicer to make an Advance as permitted in the preceding sentence shall
be
appropriately reflected in such Servicer’s records and replaced by such Servicer
by deposit in the related Collection Account on or before any future Servicer
Remittance Date to the extent that the Available Funds for the related
Distribution Date (determined without regard to Advances to be made on the
Servicer Remittance Date) shall be less than the total amount that would be
distributed to the Certificateholders pursuant to Section 4.01 on such
Distribution Date if such amounts held for future distributions had not been
so
used to make Advances. The Trust Administrator will provide notice to a Servicer
no later than the close of business of the Servicer Remittance Date via email
to
the appropriate investor reporting contact of the Servicer (as well as the
manager of the Servicer’s investor reporting group) in the event that the amount
remitted by such Servicer to the Trust Administrator on such date is less than
the Advances required to be made by such Servicer for the related Distribution
Date.
(c) The
obligation of each Servicer to make such Advances is mandatory, notwithstanding
any other provision of this Agreement but subject to (d) below, and, with
respect to any Mortgage Loan or REO Property, shall continue until a Final
Recovery Determination in connection therewith or the removal thereof from
the
Trust Fund pursuant to any applicable provision of this Agreement, except as
otherwise provided in this Section.
(d) Notwithstanding
anything herein to the contrary, no Advance or Servicing Advance shall be
required to be made hereunder by either Servicer if such Advance or Servicing
Advance would, if made, constitute a Nonrecoverable Advance or Nonrecoverable
Servicing Advance, respectively. The determination by a Servicer that it has
made a Nonrecoverable Advance or a Nonrecoverable Servicing Advance or that
any
proposed Advance or Servicing Advance, if made, would constitute a
Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively, shall
be evidenced by a certification of a Servicing Officer of the related Servicer
delivered to the Trust Administrator (whereupon, upon receipt of such
certification, the Trust Administrator shall forward a copy of such
certification to the Depositor, the Trustee and the Credit Risk Manager).
Notwithstanding the foregoing, if following the application of Liquidation
Proceeds on any Mortgage Loan that was the subject of a Final Recovery
Determination, any Servicing Advance with respect to such Mortgage Loan shall
remain unreimbursed to either Servicer, then without limiting the provisions
of
Section 3.11(a), a certification of a Servicing Officer of such Servicer
regarding such Nonrecoverable Servicing Advance shall not be required to be
delivered by such Servicer to the Trust Administrator.
(e) In
the
event either Servicer fails to make any Advance required to be made by it
pursuant to this Section 4.03 and such failure is not remedied within the
applicable cure period pursuant to Section 7.01(a), then, pursuant to Section
7.01(a), the related Servicer will be terminated, and, in accordance with
Sections 7.01(a) and 7.02, the Master Servicer or (if the Master Servicer is
the
Servicer) the Trustee (in its respective capacity as successor servicer) or
another successor servicer shall be required to make such Advance on the
Distribution Date with respect to which the related Servicer was required to
make such Advance, subject to the Master Servicer’s of the Trustee’s (or other
successor servicer’s) determination of recoverability. None of the Master
Servicer, the Servicers or the Trustee (or other successor servicer) shall
be
required to make any Advance to cover any Relief Act Interest Shortfall on
any
Mortgage Loan. If the Master Servicer (or other successor servicer) is required
to make any Advances, such Advances may be made by it in the manner set forth
under (b) above.
SECTION 4.04. |
Allocation
of Realized Losses.
|
(a) Prior
to
each Distribution Date, each Servicer shall determine as to each Mortgage Loan
and REO Property serviced by it: (i) the total amount of Realized Losses, if
any, incurred in connection with any Final Recovery Determinations made during
the related Prepayment Period; (ii) whether and the extent to which such
Realized Losses constituted Bankruptcy Losses; and (iii) the respective portions
of such Realized Losses allocable to interest and allocable to principal. Prior
to each Distribution Date, each Servicer shall also determine as to each
Mortgage Loan: (A) the total amount of Realized Losses, if any, incurred in
connection with any Deficient Valuations made during the related Prepayment
Period; and (B) the total amount of Realized Losses, if any, incurred in
connection with Debt Service Reductions in respect of Monthly Payments due
during the related Due Period. The information described in the two preceding
sentences that is to be supplied by each Servicer shall be either included
in
the related Remittance Report ( in form and format reasonably required and
mutually agreed upon by Servicer and Master Servicer) or evidenced by an
Officers’ Certificate delivered to the Trust Administrator by the related
Servicer prior to the Determination Date immediately following the end of (x)
in
the case of Bankruptcy Losses allocable to interest, the Due Period during
which
any such Realized Loss was incurred, and (y) in the case of all other Realized
Losses, the Prepayment Period during which any such Realized Loss was
incurred.
(b) All
Realized Losses on the Mortgage Loans shall be allocated by the Trust
Administrator on each Distribution Date as follows: first, to Net Monthly Excess
Cashflow; second, to the Class CE Certificates, until the Certificate Principal
Balance thereof has been reduced to zero; third, to the Class M-11 Certificates,
until the Certificate Principal Balance thereof has been reduced to zero;
fourth, to the Class M-10 Certificates, until the Certificate Principal Balance
thereof has been reduced to zero; fifth, to the Class M-9 Certificates, until
the Certificate Principal Balance thereof has been reduced to zero; sixth,
to
the Class M-8 Certificates, until the Certificate Principal Balance thereof
has
been reduced to zero; seventh, to the Class M-7 Certificates, until the
Certificate Principal Balance thereof has been reduced to zero; eighth, to
the
Class M-6 Certificates, until the Certificate Principal Balance thereof has
been
reduced to zero; ninth, to the Class M-5 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero; tenth, to the Class M-4
Certificates, until the Certificate Principal Balance thereof has been reduced
to zero; eleventh, to the Class M-3 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero; twelfth, to the Class M-2
Certificates, until the Certificate Principal Balance thereof has been reduced
to zero; and thirteenth, to the Class M-1 Certificates, until the Certificate
Principal Balance thereof has been reduced to zero. All Realized Losses to
be
allocated to the Certificate Principal Balances of all Classes on any
Distribution Date shall be so allocated after the actual distributions to be
made on such date as provided above. All references above to the Certificate
Principal Balance of any Class of Certificates shall be to the Certificate
Principal Balance of such Class immediately prior to the relevant Distribution
Date, before reduction thereof by any Realized Losses, in each case to be
allocated to such Class of Certificates, on such Distribution Date.
Any
allocation of Realized Losses to a Mezzanine Certificate on any Distribution
Date shall be made by reducing the Certificate Principal Balance thereof by
the
amount so allocated; any allocation of Realized Losses to a Class CE Certificate
shall be made by reducing the amount otherwise payable in respect thereof
pursuant to Section 4.01(a)(5)(iv). No allocations of any Realized Losses
shall be made to the Certificate Principal Balances of the Class A Certificates
or the Class P Certificates.
As
used
herein, an allocation of a Realized Loss on a “pro
rata
basis”
among two or more specified Classes of Certificates means an allocation on
a
pro
rata
basis,
among the various Classes so specified, to each such Class of Certificates
on
the basis of their then outstanding Certificate Principal Balances prior to
giving effect to distributions to be made on such Distribution Date. All
Realized Losses and all other losses allocated to a Class of Certificates
hereunder will be allocated among the Certificates of such Class in proportion
to the Percentage Interests evidenced thereby.
(c) With
respect to the REMIC I Regular Interests, all Realized Losses on the Mortgage
Loans shall be allocated by the Trust Administrator on each Distribution Date
first, to REMIC I Regular Interest I until the Uncertificated Balance has been
reduced to zero and then to REMIC I Regular Interest I-1-A through I-43-B and
REMIC I Regular Interests I-1-A through I-31-B, starting with the lowest
numerical denomination until the Uncertificated Balance of each such REMIC
I
Regular Interest is reduced to zero, provided that, for REMIC I Regular
Interests with the same numerical denomination, such Realized Losses shall
be
allocated (y) first to the REMIC I Group I Regular Interests pro rata between
such REMIC I Regular Interests and (z) then to the REMIC I Group II Regular
Interests pro rata between such REMIC I Regular Interests.
(d) With
respect to the REMIC II Regular Interests, all Realized Losses on the Mortgage
Loans shall be allocated by the Trust Administrator on each Distribution Date
to
the following REMIC II Regular Interests in the specified percentages, as
follows: first, to Uncertificated Interest payable to the REMIC II Regular
Interest II-LTAA and REMIC II Regular Interest II-LTZZ up to an aggregate amount
equal to the REMIC II Interest Loss Allocation Amount, 98% and 2%, respectively;
second, to the Uncertificated Balances of the REMIC II Regular Interest II-LTAA
and REMIC II Regular Interest II-LTZZ up to an aggregate amount equal to the
REMIC II Principal Loss Allocation Amount, 98% and 2%, respectively; third,
to
the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II
Regular Interest II-LTM11 and REMIC II Regular Interest II-LTZZ, 98%, 1% and
1%,
respectively, until the Uncertificated Balance of REMIC II Regular Interest
II-LTM11 has been reduced to zero; fourth, to the Uncertificated Balances of
REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM10 and REMIC
II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Balance of REMIC II Regular Interest II-LTM10 has been reduced
to
zero; fifth, to the Uncertificated Balances of REMIC II Regular Interest
II-LTAA, REMIC II Regular Interest II-LTM9 and REMIC II Regular Interest
II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of
REMIC
II Regular Interest II-LTM9 has been reduced to zero; sixth, to the
Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular
Interest II-LTM8 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%,
respectively, until the Uncertificated Balance of REMIC II Regular Interest
II-LTM8 has been reduced to zero; seventh, to the Uncertificated Balances of
REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM7 and REMIC
II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Balance of REMIC II Regular Interest II-LTM7 has been reduced
to
zero; eighth, to the Uncertificated Balances of REMIC II Regular Interest
II-LTAA, REMIC II Regular Interest II-LTM6 and REMIC II Regular Interest
II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of
REMIC
II Regular Interest II-LTM6 has been reduced to zero; ninth, to the
Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular
Interest II-LTM5 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%,
respectively, until the Uncertificated Balance of REMIC II Regular Interest
II-LTM5 has been reduced to zero; tenth, to the Uncertificated Balances of
REMIC
II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM4 and REMIC II
Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated
Balance of REMIC II Regular Interest II-LTM4 has been reduced to zero; eleventh,
to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC
II
Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and
1%,
respectively, until the Uncertificated Balance of REMIC II Regular Interest
II-LTM3 has been reduced to zero; twelfth, to the Uncertificated Balances of
REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC
II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the
Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced
to
zero; and thirteenth, to the Uncertificated Balances of REMIC II Regular
Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular
Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance
of REMIC II Regular Interest II-LTM1 has been reduced to zero.
SECTION 4.05. |
Compliance
with Withholding Requirements.
|
Notwithstanding
any other provision of this Agreement, the Trust Administrator shall comply
with
all federal withholding requirements respecting payments to Certificateholders
of interest or original issue discount that the Trust Administrator reasonably
believes are applicable under the Code. The consent of Certificateholders shall
not be required for such withholding. In the event the Trust Administrator
does
withhold any amount from interest or original issue discount payments or
advances thereof to any Certificateholder pursuant to federal withholding
requirements, the Trust Administrator shall indicate the amount withheld to
such
Certificateholders.
SECTION 4.06. |
Exchange
Commission Filings; Additional
Information.
|
(a) (i)
Within 15 days after each Distribution Date (subject to permitted extensions
under the Exchange Act), the Trust Administrator shall, in accordance with
industry standards, prepare and file with the Commission via the Electronic
Data
Gathering and Retrieval System (“XXXXX”), a distribution report on Form 10-D,
signed by the Master Servicer, with a copy of the monthly statement to be
furnished by the Trust Administrator to the Certificateholders for such
Distribution Date attached hereto. Any disclosure in addition to the monthly
statement that is required to be included on Form 10-D (“Additional Form 10-D
Disclosure”) shall pursuant to the paragraph immediately below, be reported by
the parties set forth on Exhibit P and directed and approved by the Depositor,
and the Trust Administrator will have no duty or liability for any failure
hereunder to determine or prepare any Additional Form 10-D Disclosure, absent
such reporting, direction and approval.
(ii) For
so
long as the Trust is subject to the reporting requirements of the Exchange
Act,
10 calendar days prior to the related Form 10-D filing date, (i) the parties
set
forth in Exhibit P shall be required to provide, pursuant to Section 4.06(a)(v)
below, to the Trust Administrator (by email at
xxx.xxx.xxxxxxxxxxxxx@xxxxxxxxxx.xxx and by facsimile at 410-715-2380) and
the
Depositor, to the extent known, in XXXXX-compatible format, or in such other
format as otherwise agreed upon by the Trust Administrator, the Depositor and
such party, the form and substance of any Additional Form 10-D Disclosure,
if
applicable, (ii) include with such Additional Form 10-D Disclosure, an
Additional Disclosure Notification in the form attached hereto as Exhibit Q
and
(iii) the Depositor will approve, as to form and substance, or disapprove,
as
the case may be, the inclusion of the Additional Form 10-D Disclosure on Form
10-D. The Depositor will be responsible for any reasonable fees and expenses
assessed or incurred by the Trust Administrator in connection with including
any
Additional Form 10-D Disclosure on Form 10-D pursuant to this
Section.
After
preparing the Form 10-D, the Trust Administrator shall forward electronically
a
draft copy of the Form 10-D to the Depositor and the Master Servicer for review,
only to the extent that the Form 10-D contains Additional Form 10-D Disclosure.
No later than 2 Business Days prior to the 15th
calendar
day after the related Distribution Date, a duly authorized officer of the Master
Servicer shall sign the Form 10-D and return an electronic or fax copy of such
signed Form 10-D (with an original executed hard copy to follow by overnight
mail) to the Trust Administrator. If a Form 10-D cannot be filed on time or
if a
previously filed Form 10-D needs to be amended, the Trust Administrator will
follow the procedures set forth in Section 4.06(a)(vi). Promptly (but no later
than 1 Business Day) after filing with the Commission, the Trust Administrator
will make available on its internet website a final executed copy of each Form
10-D. The parties to this Agreement acknowledge that the performance by the
Trust Administrator of its duties under Sections 4.06(a)(i), (ii) and (v)
related to the timely preparation and filing of Form 10-D is contingent, in
part, upon such parties strictly observing all applicable deadlines in the
performance of their duties under such Sections. The Trust Administrator shall
have no liability for any loss, expense, damage or claim arising out of or
with
respect to any failure to properly prepare and/or timely file such Form 10-D,
where such failure results from the Trust Administrator’s inability or failure
to receive, on a timely basis, any information from any other party hereto
needed to prepare, arrange for execution or file such Form 10-D, not resulting
from its own negligence, bad faith or willful misconduct.
(iii) Within
four (4) Business Days after the occurrence of an event requiring disclosure
on
Form 8-K (each such event, a “Reportable Event”), and if requested by the
Depositor, and to the extent it receives the Form 8-K Disclosure Information
described below, the Trust Administrator shall prepare and file on behalf of
the
Trust a Form 8-K, as required by the Exchange Act, provided that the Depositor
shall file the initial Form 8-K in connection with the issuance of the
Certificates. Any disclosure or information related to a Reportable Event or
that is otherwise required to be included on Form 8-K (“Form 8-K Disclosure
Information”) shall pursuant to the paragraph immediately below, be reported by
the parties set forth on Exhibit P and directed and approved by the Depositor,
and the Trust Administrator will have no duty or liability for any failure
hereunder to determine or prepare any Form 8-K Disclosure Information absent
such reporting, direction and approval.
For
so
long as the Trust is subject to the Exchange Act reporting requirements, no
later than 12:00 noon Eastern Standard Time on the 2nd
Business
Day after the occurrence of a Reportable Event (i) the parties set forth in
Exhibit P shall be required pursuant to Section 4.06(a)(v) below to provide
to
the Trust Administrator and the Depositor, to the extent known, in
XXXXX-compatible format (which may be “Microsoft Word”), or in such other format
as otherwise agreed upon by the Trust Administrator and the Depositor and such
party, the form and substance of any Form 8-K Disclosure Information, if
applicable, (ii) include with such Form 8-K Disclosure, an Additional Disclosure
Notification in the form attached hereto as Exhibit Q and (iii) the Depositor
will approve, as to form and substance, or disapprove, as the case may be,
the
inclusion of the Form 8-K Disclosure Information on Form 8-K. The Depositor
will
be responsible for any reasonable fees and expenses assessed or incurred by
the
Trust Administrator in connection with including any Form 8-K Disclosure
Information on Form 8-K pursuant to this Section.
After
preparing the Form 8-K, the Trust Administrator shall forward electronically
a
draft copy of the Form 8-K to the Depositor and the Master Servicer for review.
No later than 12:00 noon Eastern Standard time on the 4th
Business
Day after the Reportable Event, a duly authorized officer of the Master Servicer
shall sign the Form 8-K and return an electronic or fax copy of such signed
Form
8-K (with an original executed hard copy to follow by overnight mail) to the
Trust Administrator. If a Form 8-K cannot be filed on time or if a previously
filed Form 8-K needs to be amended, the Trust Administrator will follow the
procedures set forth in Section 4.06(a)(vi). Promptly (but no later than 1
Business Day) after filing with the Commission, the Trust Administrator will,
make available on its internet website a final executed copy of each Form 8-K.
The parties to this Agreement acknowledge that the performance by the Trust
Administrator of its duties under this Section 4.06(a)(iii) related to the
timely preparation and filing of Form 8-K is contingent upon such parties
strictly observing all applicable deadlines in the performance of their duties
under this Section 4.06(a)(iii). The Trust Administrator shall have no liability
for any loss, expense, damage or claim arising out of or with respect to any
failure to properly prepare and/or timely file such Form 8-K, where such failure
results from the Trust Administrator’s inability or failure to receive, on a
timely basis, any information from any other party hereto needed to prepare,
arrange for execution or file such Form 8-K, not resulting from its own
negligence, bad faith or willful misconduct.
(iv) (A)
Within 90 days after the end of each fiscal year of the Trust or such earlier
date as may be required by the Exchange Act (the “10-K Filing Deadline”) (it
being understood that the fiscal year for the Trust ends on December
31st
of each
year), commencing in March 2007, the Trust Administrator shall prepare and
file
on behalf of the Trust a Form 10-K, in form and substance as required by the
Exchange Act. Each such Form 10-K shall include the following items, in each
case to the extent they have been delivered to the Trust Administrator within
the applicable time frames set forth in this Agreement, (i) an annual compliance
statement for the Servicer, the Master Servicer, the Trust Administrator and
any
Sub-Servicer, subcontractor or other Person engaged by it and satisfying any
of
the criteria set forth in Item 1108(a)(i)-(iii) of Regulation AB, as described
under Section 3.20, (ii)(A) the annual reports on assessment of compliance
with
Servicing Criteria for the Servicer, the Master Servicer, the Trust
Administrator, and each Sub-Servicer, subcontractor or other Person determined
to be “participating in the servicing function” within the meaning of Item 1122
of Regulation AB, as described under Section 3.21, and (B) if the Servicer,
the
Master Servicer, the Trust Administrator, any Sub-Servicer, any such
subcontractor or any such other Person, in its report on assessment of
compliance with the Relevant Servicing Criteria described under Section 3.21,
identifies any material instance of noncompliance, disclosure identifying such
instance of noncompliance, or if any such party’s report on assessment of
compliance with Servicing Criteria described under Section 3.21 is not included
as an exhibit to such Form 10-K, disclosure that such report is not included
and
an explanation why such report is not included, (iii)(A) the registered public
accounting firm attestation report for the Servicer, the Master Servicer, the
Trust Administrator, any Sub-Servicer, subcontractor or other Person determined
to be “participating in the servicing function” within the meaning of Item 1122
of Regulation AB, as described under Section 3.21, and (B) if any registered
public accounting firm attestation report described under Section 3.21
identifies any material instance of noncompliance, disclosure identifying such
instance of noncompliance, or if any such registered public accounting firm
attestation report is not included as an exhibit to such Form 10-K, disclosure
that such report is not included and an explanation why such report is not
included, and (iv) a Xxxxxxxx-Xxxxx Certification (“Xxxxxxxx-Xxxxx
Certification”) as described below. Any disclosure or information in addition to
(i) through (iv) above that is required to be included on Form 10-K (“Additional
Form 10-K Disclosure”) shall pursuant to the paragraph immediately below, be
reported by the parties set forth on Exhibit P and directed and approved by
the
Depositor, and the Trust Administrator will have no duty or liability for any
failure hereunder to determine or prepare any Additional Form 10-K Disclosure
absent such reporting, direction and approval.
No
later
than March 1st
(with a
10 calendar day cure period after written notice) of each year that the Trust
is
subject to the Exchange Act reporting requirements, commencing in 2007, (i)
the
parties set forth in Exhibit P shall be required to provide pursuant to Section
4.06(a)(v) below to the Trust Administrator (by email at
xxx.xxx.xxxxxxxxxxxxx@xxxxxxxxxx.xxx and by facsimile at 410-715-2380) and
the
Depositor, to the extent known, in XXXXX-compatible format, or in such other
format as otherwise agreed upon by the Trust Administrator and the Depositor
and
such party, the form and substance of any Additional Form 10-K Disclosure,
if
applicable, (ii) include with such Additional Form 10-K Disclosure, an
Additional Disclosure Notification in the form attached hereto as Exhibit Q
and
(iii) the Depositor will approve, as to form and substance, or disapprove,
as
the case may be, the inclusion of the Additional Form 10-K Disclosure on Form
10-K. The Depositor will be responsible for any reasonable fees and expenses
assessed or incurred by the Trust Administrator in connection with including
any
Additional Form 10-K Disclosure on Form 10-K pursuant to this
Section.
After
preparing the Form 10-K, the Trust Administrator shall forward electronically
a
draft copy of the Form 10-K to the Depositor and the Master Servicer for review,
only to the extent that the Form 10-D contains Additional Form 10-K Disclosure.
No later than the end of business New York City time on the 4th
Business
Day prior to the 10-K Filing Deadline, a senior officer of the Master Servicer
shall sign the Form 10-K and return an electronic or fax copy of such signed
Form 10-K (with an original executed hard copy to follow by overnight mail)
to
the Trust Administrator. If a Form 10-K cannot be filed on time or if a
previously filed Form 10-K needs to be amended, the Trust Administrator will
follow the procedures set forth in Section 4.06(a)(vi). Promptly (but no later
than 1 Business Day) after filing with the Commission, the Trust Administrator
will make available on its internet website a final executed copy of each Form
10-K. The parties to this Agreement acknowledge that the performance by the
Trust Administrator of its duties under Section 4.06(a)(iv) and Section
4.06(a)(v) related to the timely preparation and filing of Form 10-K is
contingent, in part, upon such parties strictly observing all applicable
deadlines (including applicable grace periods) in the performance of their
duties under such Sections, Section 3.20 and Section 3.21. The Trust
Administrator shall have no liability for any loss, expense, damage or claim
arising out of or with respect to any failure to properly prepare and/or timely
file such Form 10-K, where such failure results from the Trust Administrator’s
inability or failure to receive, on a timely basis, any information from any
other party hereto needed to prepare, arrange for execution or file such Form
10-K, not resulting from its own negligence, bad faith or willful
misconduct.
Each
Form
10-K shall include a certification (the “Xxxxxxxx-Xxxxx Certification”), exactly
as set forth in Exhibit J-1 attached hereto, required to be included therewith
pursuant to the Xxxxxxxx-Xxxxx Act. Xxxxx
Fargo shall provide to the Person who signs the Xxxxxxxx-Xxxxx Certification
(the “Certifying Person”), by March 10 of each year in which the Trust is
subject to the reporting requirements of the Exchange Act, a certification
(a
“Back-Up Certification”), in the form attached hereto as Exhibit J-2, upon which
the Certifying Person, the entity for which the Certifying Person acts as an
officer, and such entity’s officers, directors and Affiliates (collectively with
the Certifying Person, “Certification Parties”) can reasonably rely.
JPMorgan
shall provide to the Certifying Person, by March 1 of each year in which the
Trust is subject to the reporting requirements of the Exchange Act, a Back-Up
Certification, in the form attached hereto as Exhibit J-3, upon which the
Certification Parties can reasonably rely. A senior officer of the Master
Servicer shall serve as the Certifying Person on behalf of the Trust. In the
event the Servicer, the Master Servicer, the Trust Administrator or any
Sub-Servicer, subcontractor or other Person determined to be “participating in
the servicing function” within the meaning of Item 1122 of Regulation AB, as
described under Section 3.21 is terminated or resigns pursuant to the terms
of
this Agreement, or any other applicable agreement, as the case may be, such
party shall provide a Back-Up Certification to the Certifying Person pursuant
to
this Section 4.06(a)(iv) with respect to the period of time it was subject
to
this Agreement or any other applicable agreement, as the case may
be.
If
JPMorgan does not deliver the Back-Up Certification by March 1st of any year,
either the Trust Administrator or the Depositor shall provide JPMorgan with
written notice of its failure to deliver such Back-Up Certification and JPMorgan
shall have 10 calendar days from the date of such written notice to cure such
failure to deliver.
(v) With
respect to any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure
or any Form 8-K Disclosure Information (collectively, the “Additional
Disclosure”) relating to the Trust Fund, the Trust Administrator’s obligation to
include such Additional Information in the applicable Exchange Act report is
subject to receipt from the entity that is indicated in Exhibit P as the
responsible party for providing that information, if other than the Trust
Administrator, as and when required as described in Section 4.06(a)(ii) through
(iv) above. Each of the Master Servicer, the Servicer and Depositor hereby
agree
to notify and to provide to the extent known to the Trust Administrator and
the
Depositor all Additional Disclosure relating to the Trust Fund, with respect
to
which such party is indicated in Exhibit P as the responsible party for
providing that information. The Swap Provider will be obligated pursuant to
the
Swap Agreement to provide to the Trust Administrator any information that may
be
required to be included in any Form 10-D, Form 8-K or Form 10-K. The Servicer
shall be responsible for determining the pool concentration applicable to any
Sub-Servicer or originator at any time, for purposes of disclosure as required
by Items 1108 and 1110 of Regulation AB.
(vi) On
or
prior to January 30 of the first year in which the Trust Administrator is able
to do so under applicable law, the Trust Administrator shall prepare and file
a
Form 15 Suspension Notification relating to the automatic suspension of
reporting in respect of the Trust under the Exchange Act.
In
the
event that the Trust Administrator is unable to timely file with the Commission
all or any required portion of any Form 8-K, Form 10-D or Form 10-K required
to
be filed by this Agreement because required disclosure information was either
not delivered to it or was delivered to it after the delivery deadlines set
forth in this Agreement or for any other reason, the Trust Administrator will
promptly notify the Depositor and the Master Servicer. In the case of Form
10-D
and Form 10-K, the Depositor and the Master Servicer will cooperate to prepare
and file a Form 12b-25 and a Form 10-D/A and Form 10-K/A as applicable, pursuant
to Rule 12b-25 of the Exchange Act. In the case of Form 8-K, the Trust
Administrator will, upon receipt of all required Form 8-K Disclosure Information
and upon the approval and direction of the Depositor, include such disclosure
information on the next succeeding Form 10-D. In the event that any previously
filed Form 8-K, Form 10-D or Form 10-K needs to be amended, the Trust
Administrator will notify the Depositor and the Master Servicer and such parties
will cooperate to prepare any necessary Form 8-K/A, Form 10-D/A or Form 10-K/A;
Form 10-K/A; provided, the Trust Administrator will only be required to notify
the Depositor of any amendment to any Form 10-D and 10K where such amendment
contains Additional Disclosure. Any Form 15, Form 12b-25 or any amendment to
Form 8-K or Form 10-D shall be signed by a duly authorized officer of the Master
Servicer. The Depositor and the Master Servicer acknowledge that the performance
by the Trust Administrator of its duties under this Section 4.06(a)(vi) related
to the timely preparation and filing of Form 15, a Form 12b-25 or any amendment
to Form 8-K, Form 10-D or Form 10-K is contingent upon the Master Servicer
and
the Depositor performing their duties under this Section. The Trust
Administrator shall have no liability for any loss, expense, damage or claim
arising out of or with respect to any failure to properly prepare and/or timely
file any such Form 15, Form 12b-25 or any amendments to Form 8-K, Form 10-D
or
Form 10-K, where such failure results from the Trust Administrator’s inability
or failure to receive, on a timely basis, any information from any other party
hereto needed to prepare, arrange for execution or file such Form 15, Form
12b-25 or any amendments to Form 8-K, Form 10-D or Form 10-K, not resulting
from
its own negligence, bad faith or willful misconduct.
The
Depositor agrees to promptly furnish to the Trust Administrator, from time
to
time upon request, such further information, reports and financial statements
within its control related to this Agreement, and the Mortgage Loans as the
Trust Administrator reasonably deems appropriate to prepare and file all
necessary reports with the Commission. The Trust Administrator shall have no
responsibility to file any items other than those specified in this Section
4.06; provided, however, the Trust Administrator will cooperate with the
Depositor in connection with any additional filings with respect to the Trust
Fund as the Depositor deems necessary under the Exchange Act. Fees and expenses
incurred by the Trust Administrator in connection with this Section 4.06 shall
not be reimbursable from the Trust Fund.
(b) The
Trust
Administrator shall indemnify and hold harmless the Depositor and its officers,
directors and affiliates from and against any losses, damages, penalties, fines,
forfeitures, reasonable and necessary legal fees and related costs, judgments
and other costs and expenses arising out of or based upon (i) a breach of the
Trust Administrator’s obligations under this Section 4.06 or the Trust
Administrator’s negligence, bad faith or willful misconduct in connection
therewith or (ii) any material misstatement or omission in the Annual Statement
of Compliance and the Assessment of Compliance delivered by the Trust
Administrator pursuant to Section 3.20 and Section 3.21.
The
Depositor shall indemnify and hold harmless the Trust Administrator and the
Master Servicer and their respective officers, directors and affiliates from
and
against any losses, damages, penalties, fines, forfeitures, reasonable and
necessary legal fees and related costs, judgments and other costs and expenses
arising out of or based upon a breach of the obligations of the Depositor under
this Section 4.06 or the Depositor’s negligence, bad faith or willful misconduct
in connection therewith.
The
Master Servicer shall indemnify and hold harmless the Trust Administrator and
the Depositor and their respective officers, directors and affiliates from
and
against any losses, damages, penalties, fines, forfeitures, reasonable and
necessary legal fees and related costs, judgments and other costs and expenses
arising out of or based upon (i) a breach of the obligations of the Master
Servicer under this Section 4.06 or the Master Servicer’s negligence, bad faith
or willful misconduct in connection therewith or (ii) any material misstatement
or omission in the Statement as to Compliance delivered by the Master Servicer
pursuant to Section 3.20 or the Assessment of Compliance delivered by the Master
Servicer pursuant to Section 3.21.
The
Servicer shall indemnify and hold harmless the Master Servicer, Trust
Administrator and the Depositor and their respective officers, directors and
affiliates from and against any losses, damages, penalties, fines, forfeitures,
reasonable and necessary legal fees and related costs, judgments and other
costs
and expenses arising out of or based upon (i) a breach of the obligations of
the
Servicer under this Section 4.06 and (ii) any material misstatement or omission
in the Annual Statement of Compliance delivered by the Servicer pursuant to
Section 3.20 or the Assessment of Compliance delivered by the Servicer pursuant
to Section 3.21.
Notwithstanding
the provisions set forth in this Agreement, the Servicer shall not be obligated
to provide any indemnification or reimbursement hereunder to any other party
for
any losses, damages, penalties, fines, forfeitures, legal fees and expenses
and
related costs, judgments, and any other costs, fees and expenses that any of
them may sustain which are indirect, consequential, punitive or special in
nature.
If
the
indemnification provided for herein is unavailable or insufficient to hold
harmless the Depositor, the Master Servicer or the Trust Administrator, as
applicable, then the defaulting party, in connection with a breach of its
respective obligations under this Section 4.06 or its respective negligence,
bad
faith or willful misconduct in connection therewith, agrees that it shall
contribute to the amount paid or payable by the other parties as a result of
the
losses, claims, damages or liabilities of the other party in such proportion
as
is appropriate to reflect the relative fault and the relative benefit of the
respective parties.
(c) Nothing
shall be construed from the foregoing subsections (a) and (b) to require the
Trust Administrator or any officer, director or Affiliate thereof to sign any
Form 10-K or any certification contained therein. Furthermore, the inability
of
the Trust Administrator to file a Form 10-K as a result of the lack of required
information as set forth in Section 4.06(a) or required signatures on such
Form
10-K or any certification contained therein shall not be regarded as a breach
by
the Trust Administrator of any obligation under this Agreement.
(d) Notwithstanding
the provisions of Section 11.01, this Section 4.06 may be amended without the
consent of the Certificateholders.
SECTION 4.07. |
Net
WAC Rate Carryover Reserve Account.
|
No
later
than the Closing Date, the Trust Administrator shall establish and maintain
with
itself a separate, segregated trust account titled, “Xxxxx Fargo Bank, N.A. as
Trust Administrator, in trust for the registered holders of MASTR Asset Backed
Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Series
2006-HE1—Net WAC Rate Carryover Reserve Account.” All amounts deposited in the
Net WAC Rate Carryover Reserve Account shall be distributed to the Holders
of
the Class A Certificates and/or the Mezzanine Certificates in the manner set
forth in Section 4.01.
On
each
Distribution Date as to which there is a Net WAC Rate Carryover Amount payable
to the Class A Certificates and/or the Mezzanine Certificates, the Trust
Administrator has been directed by the Class CE Certificateholders to, and
therefore will, deposit into the Net WAC Rate Carryover Reserve Account the
amounts described in Section 4.01(e)(v), rather than distributing such
amounts to the Class CE Certificateholders. On each such Distribution Date,
the
Trust Administrator shall hold all such amounts for the benefit of the Holders
of the Class A Certificates and the Mezzanine Certificates, and will distribute
such amounts to the Holders of the Class A Certificates and/or the Mezzanine
Certificates in the amounts and priorities set forth in
Section 4.01(a).
It
is the
intention of the parties hereto that, for federal and state income and state
and
local franchise tax purposes, the Net WAC Rate Carryover Reserve Account be
disregarded as an entity separate from the Holder of the Class CE Certificates
unless and until the date when either (a) there is more than one Class CE
Certificateholder or (b) any Class of Certificates in addition to the Class
CE
Certificates is recharacterized as an equity interest in the Net WAC Rate
Carryover Reserve Account for federal income tax purposes, in which case it
is
the intention of the parties hereto that, for federal and state income and
state
and local franchise tax purposes, the Net WAC Rate Carryover Reserve Account
be
treated as a grantor trust. All
amounts deposited into the Net WAC Rate Carryover Reserve Account shall be
treated as amounts distributed by REMIC III to the Holder of the Class CE
Interest and by REMIC IV to the Holder of the Class CE Certificates. The Net
WAC
Rate Carryover Reserve Account will be an “outside reserve fund” within the
meaning of Treasury Regulation Section 1.860G-2(h). Upon the termination of
the
Trust, or the payment in full of the Class A and the Mezzanine Certificates,
all
amounts remaining on deposit in the Net WAC Rate Carryover Reserve Account
will
be released by the Trust and distributed to the Seller or its designee. The
Net
WAC Rate Carryover Reserve Account will be part of the Trust but not part of
any
REMIC and any payments to the Holders of the Class A and the Mezzanine
Certificates of Net WAC Rate Carryover Amounts will not be payments with respect
to a “regular interest” in a REMIC within the meaning of Code Section
860(G)(a)(1).
By
accepting a Class CE Certificate, each Class CE Certificateholder hereby agrees
to direct the Trust Administrator, and the Trust Administrator hereby is
directed, to deposit into the Net WAC Rate Carryover Reserve Account the amounts
described above on each Distribution Date as to which there is any Net WAC
Rate
Carryover Amount rather than distributing such amounts to the Class CE
Certificateholders. By accepting a Class CE Certificate, each Class CE
Certificateholder further agrees that such direction is given for good and
valuable consideration, the receipt and sufficiency of which is acknowledged
by
such acceptance.
Amounts
on deposit in the Net WAC Rate Carryover Reserve Account shall remain
uninvested.
SECTION 4.08. |
Swap
Account.
|
(a) On
the
Closing Date, there is hereby established a separate trust (the “Supplemental
Interest Trust”), into which the Depositor shall deposit: (i) the Interest Rate
Swap Agreements and (ii) the Swap Administration Agreement. The Supplemental
Interest Trust shall be maintained by the Supplemental
Interest Trust Trustee.
No
later than the Closing Date, the Supplemental Interest Trust Trustee shall
establish and maintain with itself a separate, segregated trust account titled,
“Xxxxx Fargo Bank, N.A. as Supplemental Interest Trust Trustee, in trust for
the
registered holders of MASTR Asset Backed Securities Trust 2006-HE1, Mortgage
Pass-Through Certificates, Series 2006-HE1—Swap Account.” Such account shall be
an Eligible Account and funds on deposit therein shall be held separate and
apart from, and shall not be commingled with, any other moneys, including,
without limitation, other moneys of the Supplemental Interest Trust Trustee
held
pursuant to this Agreement. Amounts therein shall be held
uninvested.
(b) On
each
Distribution Date, prior to any distribution to any Certificate, the
Supplemental Interest Trust Trustee shall deposit into the Swap Account: (i)
the
amount of any Net Swap Payment or Swap Termination Payment (other than any
Swap
Termination Payment resulting from a Swap Provider Trigger Event) owed to a
Swap
Provider (after taking into account any upfront payment received from the
counterparty to a replacement interest rate swap agreement) from funds collected
and received with respect to the Mortgage Loans prior to the determination
of
Available Funds and (ii) amounts received by the Supplemental Interest Trust
Trustee from a Swap Provider, for distribution pursuant to the Swap
Administration Agreement, dated as of the Closing Date (the “Swap Administration
Agreement”), among Xxxxx Fargo Bank, N.A. in its capacity as Supplemental
Interest Trust Trustee, Xxxxx Fargo Bank, N.A. in its capacity as Swap
Administrator, Xxxxx Fargo Bank, N.A. in its capacity as Trust Administrator
and
the Seller.
(c) The
Supplemental Interest Trust will be an “outside reserve fund” within the meaning
of Treasury Regulation Section 1.860G-2(h). It
is the
intention of the parties hereto that, for federal and state income and state
and
local franchise tax purposes, the Supplemental Interest Trust be disregarded
as
an entity separate from the Holder of the Class CE Certificates unless and
until
the date when either (a) there is more than one Class CE Certificateholder
or
(b) any Class of Certificates in addition to the Class CE Certificates is
recharacterized as an equity interest in the Supplemental Interest Trust for
federal income tax purposes, in which case it is the intention of the parties
hereto that, for federal and state income and state and local franchise tax
purposes, the Supplemental Interest Trust be treated as a grantor
trust.
(d) To
the
extent that the Supplemental Interest Trust is determined to be a separate
legal
entity from the Supplemental Interest Trust Trustee, any obligation of the
Supplemental Interest Trust Trustee under the Interest Rate Swap Agreements
shall be deemed to be an obligation of the Supplemental Interest
Trust.
(e) The
Trust
Administrator shall treat the Holders of Certificates (other than the Class
P,
Class CE, Class R and Class R-X Certificates) as having entered into a notional
principal contract with respect to the Holders of the Class CE Certificates.
Pursuant to each such notional principal contract, all Holders of Certificates
(other than the Class P, Class CE, Class R and Class R-X Certificates) shall
be
treated as having agreed to pay, on each Distribution Date, to the Holder of
the
Class CE Certificates an aggregate amount equal to the excess, if any, of (i)
the amount payable on such Distribution Date on the REMIC III Regular Interest
corresponding to such Class of Certificates over (ii) the amount payable on
such
Class of Certificates on such Distribution Date (such excess, a “Class IO
Distribution Amount”). A Class IO Distribution Amount payable from interest
collections shall be allocated pro
rata
among
such Certificates based on the excess of (a) the amount of interest otherwise
payable to such Certificates over (ii) the amount of interest payable to such
Certificates at a per annum rate equal to the Net WAC Pass-Through Rate, and
a
Class IO Distribution Amount payable from principal collections shall be
allocated to the most subordinate Class of Certificates with an outstanding
principal balance to the extent of such balance. In addition, pursuant to such
notional principal contract, the Holder of the Class CE Certificates shall
be
treated as having agreed to pay Net WAC Rate Carryover Amounts to the Holders
of
the Certificates (other than the Class CE, Class P, Class R and Class R-X
Certificates) in accordance with the terms of this Agreement. Any payments
to
the Certificates from amounts deemed received in respect of this notional
principal contract shall not be payments with respect to a Regular Interest
in a
REMIC within the meaning of Code Section 860G(a)(1). However, any payment from
the Certificates (other than the Class CE, Class P, Class R and Class R-X
Certificates) of a Class IO Distribution Amount shall be treated for tax
purposes as having been received by the Holders of such Certificates in respect
of their interests in REMIC III and as having been paid by such Holders to
the
Trust Administrator pursuant to the notional principal contract. Thus, each
Certificate (other than the Class P, Class R and Class R-X Certificates) shall
be treated as representing not only ownership of Regular Interests in REMIC
III
or REMIC IV, but also ownership of an interest in, and obligations with respect
to, a notional principal contract.
SECTION 4.09. |
Tax
Treatment of Swap Payments and Swap Termination
Payments.
|
For
federal income tax purposes, each holder of a Class A or Mezzanine Certificate
is deemed to own an undivided beneficial ownership interest in a REMIC regular
interest and the right to receive payments from either the Net WAC Rate
Carryover Reserve Account or the Swap Account in respect of the Net WAC Rate
Carryover Amount or the obligation to make payments to the Swap Account. For
federal income tax purposes, the Trust Administrator will account for payments
to each Class A and Mezzanine Certificates as follows: each Class A and Class
M
Certificate will be treated as receiving their entire payment from REMIC III
(regardless of any Swap Termination Payment or obligation under the Interest
Rate Swap Agreements) and subsequently paying their portion of any Swap
Termination Payments in respect of each such Class’ obligation under the
Interest Rate Swap Agreements. In the event that any such Class is resecuritized
in a REMIC, the obligation under the Interest Rate Swap Agreements to pay any
such Swap Termination Payment (or any shortfall in Swap Provider Fee), will
be
made by one or more of the REMIC Regular Interests issued by the
resecuritization REMIC subsequent to such REMIC Regular Interest receiving
its
full payment from any such Class A or Mezzanine Certificate. Resecuritization
of
any Class A or Mezzanine Certificate in a REMIC will be permissible only if
the
Trust Administrator hereunder is the trustee in such
resecuritization.
The
REMIC
regular interest corresponding to a Class A or Mezzanine Certificate will be
entitled to receive interest and principal payments at the times and in the
amounts equal to those made on the certificate to which it corresponds, except
that (i) the maximum interest rate of that REMIC regular interest will equal
the
Net WAC Pass-Through Rate computed for this purpose by limiting the Base
Calculation Amount of the Interest Rate Swap Agreements to the aggregate Stated
Principal Balance of the Mortgage Loans and (ii) any Swap Termination Payment
will be treated as being payable solely from Net Monthly Excess Cashflow. As
a
result of the foregoing, the amount of distributions and taxable income on
the
REMIC regular interest corresponding to a Class A or Mezzanine Certificate
may
exceed the actual amount of distributions on the Class A or Mezzanine
Certificate.
SECTION 4.10. |
Cap
Account.
|
(a) No
later
than the Closing Date, the Trust Administrator shall establish and maintain
with
itself, a separate, segregated trust account titled, “Xxxxx Fargo Bank, N.A. as
Supplemental Interest Trust Trustee, in trust for the registered holders of
MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through
Certificates, Series 2006-HE1—Cap Account.” Such account shall be an Eligible
Account and amounts therein shall be held uninvested.
(b) On
each
Distribution Date, prior to any distribution to any Certificate, the Trust
Administrator shall deposit into the Cap Account amounts received by the Trust
Administrator under the Cap Contract for distribution in accordance with Section
4.01(h) above.
(c) It
is the
intention of the parties hereto that, for federal and state income and state
and
local franchise tax purposes, the Cap Account be disregarded as an entity
separate from the Holder of the Class CE Certificates unless and until the
date
when either (a) there is more than one Class CE Certificateholder or (b) any
Class of Certificates in addition to the Class CE Certificates is
recharacterized as an equity interest in the Cap Account for federal income
tax
purposes, in which case it is the intention of the parties hereto that, for
federal and state income and state and local franchise tax purposes, the Cap
Account be treated as a grantor trust. The
Cap
Account will be an “outside reserve fund” within the meaning of Treasury
Regulation Section 1.860G-2(h). Upon the termination of the Trust Fund, or
the
payment in full of the Class A Certificates and the Mezzanine Certificates,
all
amounts remaining on deposit in the Cap Account shall be released by the Trust
Fund and distributed to the Class CE Certificateholders or their designees.
The
Cap Account shall be part of the Trust Fund but not part of any Trust REMIC
and
any payments to the Holders of the Floating Rate Certificates of Net WAC Rate
Carryover Amounts will not be payments with respect to a “regular interest” in a
REMIC within the meaning of Code Section 860(G)(a)(1).
(d) By
accepting a Class CE Certificate, each Class CE Certificateholder hereby agrees
to direct the Trust Administrator, and the Trust Administrator is hereby
directed, to deposit into the Cap Account the amounts described above on each
Distribution Date.
For
federal income tax purposes, the right of the Class A Certificiates and
Mezzanine Certificates to receive payments from the Cap Account may have more
than a de
minimis
value.
ARTICLE
V
THE
CERTIFICATES
SECTION 5.01. |
The
Certificates.
|
(a) The
Certificates in the aggregate will represent the entire beneficial ownership
interest in the Mortgage Loans and all other assets included in REMIC
I.
The
Certificates will be substantially in the forms annexed hereto as Exhibits
A-1
through A-20. The Certificates of each Class will be issuable in registered
form
only, in denominations of authorized Percentage Interests as described in the
definition thereof. Each Certificate will share ratably in all rights of the
related Class.
Upon
original issue, the Certificates shall be executed by the Trust Administrator
and authenticated and delivered by the Trust Administrator to or upon the order
of the Depositor. The Certificates shall be executed by manual or facsimile
signature on behalf of the Trust Administrator by an authorized signatory.
Certificates bearing the manual or facsimile signatures of individuals who
were
at any time the proper officers of the Trust Administrator shall bind the Trust
Administrator notwithstanding that such individuals or any of them have ceased
to hold such offices prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such Certificates.
No
Certificate shall be entitled to any benefit under this Agreement or be valid
for any purpose, unless there appears on such Certificate a certificate of
authentication substantially in the form provided herein executed by the Trust
Administrator by manual signature, and such certificate of authentication shall
be conclusive evidence, and the only evidence, that such Certificate has been
duly authenticated and delivered hereunder. All Certificates shall be dated
the
date of their authentication.
(b) The
Class
A Certificates and the Mezzanine Certificates shall initially be issued as
one
or more Certificates held by the Book-Entry Custodian or, if appointed to hold
such Certificates as provided below, the Depository and registered in the name
of the Depository or its nominee and, except as provided below, registration
of
such Certificates may not be transferred by the Trust Administrator except
to
another Depository that agrees to hold such Certificates for the respective
Certificate Owners with Ownership Interests therein. The Certificate Owners
shall hold their respective Ownership Interests in and to such Certificates
through the book-entry facilities of the Depository and, except as provided
below, shall not be entitled to definitive, fully registered Certificates
(“Definitive Certificates”) in respect of such Ownership Interests. All
transfers by Certificate Owners of their respective Ownership Interests in
the
Book-Entry Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm representing such
Certificate Owner. Each Depository Participant shall only transfer the Ownership
Interests in the Book-Entry Certificates of Certificate Owners it represents
or
of brokerage firms for which it acts as agent in accordance with the
Depository’s normal procedures. The Trust Administrator is hereby initially
appointed as the Book-Entry Custodian and hereby agrees to act as such in
accordance herewith and in accordance with the agreement that it has with the
Depository authorizing it to act as such. The Book-Entry Custodian may, and,
if
it is no longer qualified to act as such, the Book-Entry Custodian shall,
appoint, by a written instrument delivered to the Depositor, the Master Servicer
and the Trust Administrator, any other transfer agent (including the Depository
or any successor Depository) to act as Book-Entry Custodian under such
conditions as the predecessor Book-Entry Custodian and the Depository or any
successor Depository may prescribe, provided that the predecessor Book-Entry
Custodian shall not be relieved of any of its duties or responsibilities by
reason of any such appointment of other than the Depository. If the Trust
Administrator resigns or is removed in accordance with the terms hereof, the
successor trust administrator or, if it so elects, the Depository shall
immediately succeed to its predecessor’s duties as Book-Entry Custodian. The
Depositor shall have the right to inspect, and to obtain copies of, any
Certificates held as Book-Entry Certificates by the Book-Entry
Custodian.
The
Trustee, the Trust Administrator, the Master Servicer and the Depositor may
for
all purposes (including the making of payments due on the Book-Entry
Certificates) deal with the Depository as the authorized representative of
the
Certificate Owners with respect to the Book-Entry Certificates for the purposes
of exercising the rights of Certificateholders hereunder. The rights of
Certificate Owners with respect to the Book-Entry Certificates shall be limited
to those established by law and agreements between such Certificate Owners
and
the Depository Participants and brokerage firms representing such Certificate
Owners. Multiple requests and directions from, and votes of, the Depository
as
Holder of the Book-Entry Certificates with respect to any particular matter
shall not be deemed inconsistent if they are made with respect to different
Certificate Owners. The Trust Administrator may establish a reasonable record
date in connection with solicitations of consents from or voting by
Certificateholders and shall give notice to the Depository of such record
date.
If
(i)(A)
the Depositor advises the Trust Administrator in writing that the Depository
is
no longer willing or able to properly discharge its responsibilities as
Depository, and (B) the Depositor is unable to locate a qualified successor
or
(ii) after the occurrence of a Servicer Event of Default or a Master Servicer
Event of Termination, Certificate Owners representing in the aggregate not
less
than 51% of the Ownership Interests of the Book-Entry Certificates advise the
Trust Administrator through the Depository, in writing, that the continuation
of
a book-entry system through the Depository is no longer in the best interests
of
the Certificate Owners, the Trust Administrator shall notify all Certificate
Owners, through the Depository, of the occurrence of any such event and of
the
availability of Definitive Certificates to Certificate Owners requesting the
same. Upon surrender to the Trust Administrator of the Book-Entry Certificates
by the Book-Entry Custodian or the Depository, as applicable, accompanied by
registration instructions from the Depository for registration of transfer,
the
Trust Administrator shall cause the Definitive Certificates to be issued. Such
Definitive Certificates will be issued in minimum denominations of $25,000,
except that any beneficial ownership that was represented by a Book-Entry
Certificate in an amount less than $25,000 immediately prior to the issuance
of
a Definitive Certificate shall be issued in a minimum denomination equal to
the
amount represented by such Book-Entry Certificate. None of the Depositor, the
Master Servicer, the Servicers, the Trustee or the Trust Administrator shall
be
liable for any delay in the delivery of such instructions and may conclusively
rely on, and shall be protected in relying on, such instructions. Upon the
issuance of Definitive Certificates all references herein to obligations imposed
upon or to be performed by the Depository shall be deemed to be imposed upon
and
performed by the Trust Administrator, to the extent applicable with respect
to
such Definitive Certificates, and the Trustee and the Trust Administrator shall
recognize the Holders of the Definitive Certificates as Certificateholders
hereunder.
SECTION 5.02. |
Registration
of Transfer and Exchange of
Certificates.
|
(a) The
Trust
Administrator shall cause to be kept at one of the offices or agencies to be
appointed by the Trust Administrator in accordance with the provisions of
Section 8.11, a Certificate Register for the Certificates in which, subject
to such reasonable regulations as it may prescribe, the Trustee shall provide
for the registration of Certificates and of transfers and exchanges of
Certificates as herein provided.
(b) No
transfer of any Class CE Certificate, Class P Certificate or Residual
Certificate (collectively, the “Private Certificates”) shall be made unless that
transfer is made pursuant to an effective registration statement under the
Securities Act of 1933, as amended (the “1933 Act”), and an effective
registration or qualification under applicable state securities laws, or is
made
in a transaction that does not require such registration or qualification.
In
the event that such a transfer of a Private Certificate is to be made without
registration or qualification (other than in connection with (i) the initial
transfer of any Private Certificate by the Depositor to an Affiliate of the
Depositor, (ii) the transfer of any such Private Certificate to the issuer
under
the Indenture or the indenture trustee under the Indenture or (iii) a transfer
of any Private Certificate from the issuer under the Indenture or the indenture
trustee under the Indenture to the Depositor or an Affiliate of the Depositor)
the Trust Administrator shall require receipt of: (i) if such transfer is
purportedly being made in reliance upon Rule 144A under the 1933 Act, written
certifications from the Certificateholder desiring to effect the transfer and
from such Certificateholder’s prospective transferee, substantially in the forms
attached hereto as Exhibit F-1; and (ii) in all other cases, an Opinion of
Counsel satisfactory to it that such transfer may be made without such
registration (which Opinion of Counsel shall not be an expense of the Trust
Fund
or of the Depositor, the Trustee, the Trust Administrator, the Master Servicer
in its capacity as such, the Servicers or any Sub-Servicer), together with
copies of the written certification(s) of the Certificateholder desiring to
effect the transfer and/or such Certificateholder’s prospective transferee upon
which such Opinion of Counsel is based, if any. None of the Depositor, the
Master Servicer, the Servicers, the Trust Administrator or the Trustee is
obligated to register or qualify any such Private Certificates under the 1933
Act or any other securities laws or to take any action not otherwise required
under this Agreement to permit the transfer of such Certificates without
registration or qualification.
Any
Certificateholder desiring to effect the transfer of any such Certificate shall,
and does hereby agree to, indemnify the Trustee, the Trust Administrator, the
Depositor and the Master Servicer against any liability that may result if
the
transfer is not so exempt or is not made in accordance with such federal and
state laws.
(c) No
transfer of a Private Certificate or any interest therein shall be made to
any
Plan, any Person acting, directly or indirectly, on behalf of any such Plan
or
any Person acquiring such Certificates with “Plan Assets” of a Plan within the
meaning of the Department of Labor regulation promulgated at 29 C. F. R. §
2510.3-101 (“Plan Assets”), as certified by such transferee in the form of
Exhibit G, unless the Trust Administrator is provided with an Opinion of Counsel
for the benefit of the Trustee, the Trust Administrator, the Depositor, the
Master Servicer and the Servicer and on which they may rely which establishes
to
the satisfaction of the Depositor, the Trustee, the Trust Administrator, the
Servicer and the Master Servicer that the purchase of such Certificates is
permissible under applicable law, will not constitute or result in any
prohibited transaction under ERISA or Section 4975 of the Code and will not
subject the Depositor, the Master Servicer, the Servicers, the NIMS Insurer,
the
Trust Administrator, the Trustee or the Trust Fund to any obligation or
liability (including obligations or liabilities under ERISA or Section 4975
of the Code) in addition to those undertaken in this Agreement, which Opinion
of
Counsel shall not be an expense of the Depositor, the Master Servicer, the
Servicers, the Trust Administrator, the Trustee or the Trust Fund. Neither
an
Opinion of Counsel nor any certification will be required in connection with
the
(i) the initial transfer of any Private Certificate by the Depositor to an
Affiliate of the Depositor, (ii) the transfer of any Private Certificate to
the
issuer under the Indenture or the indenture trustee under the Indenture or
(iii)
a transfer of any Private Certificate from the issuer under the Indenture or
the
indenture trustee under the Indenture to the Depositor or an Affiliate of the
Depositor (in which case, the Transferee thereof shall have deemed to have
represented that it is not a Plan or a Person investing Plan Assets) and the
Trust Administrator shall be entitled to conclusively rely upon a representation
(which, upon the request of the Trust Administrator, shall be a written
representation) from the Transferor of the status of such transferee as an
affiliate of the Depositor.
Any
transferee of a Class A Certificate or Mezzanine Certificate acquired prior
to
the termination of the Supplemental Interest Trust shall be deemed to represent
that either (i) it is not a Plan or purchasing with assets of a Plan or (ii)(A)
such Plan is an accredited investor within the meaning of the Exemption and
(B)
such acquisition or holding is eligible for the exemptive relief available
under
Department of Labor Prohibited Transaction Class Exemption (“PTE”) 84-14, XXX
00-00, XXX 00-0, XXX 95-60 or PTE 96-23.
Subsequent
to the termination of the Supplemental Interest Trust, each beneficial owner
of
a Mezzanine Certificate or any interest therein shall be deemed to have
represented, by virtue of its acquisition or holding of that certificate or
interest therein, that either (i) it is not a Plan or investing with “Plan
Assets,” (ii) it has acquired and is holding such Mezzanine Certificate in
reliance on the Underwriter’s Exemption, and that it understands that there are
certain conditions to the availability of the Underwriter’s Exemption, including
that the Mezzanine Certificate must be rated, at the time of purchase not lower
than “BBB-” (or its equivalent) by S&P or Xxxxx’x or (iii)(1) it is an
insurance company, (2) the source of funds used to acquire or hold the
certificate or interest therein is an “insurance company general account,” as
such term is defined in PTE 95-60, and (3) the conditions in Sections I and
III
of PTE 95-60 have been satisfied.
If
any
Certificate or any interest therein is acquired or held in violation of the
provisions of the preceding three paragraphs, the next preceding permitted
beneficial owner will be treated as the beneficial owner of that Certificate
retroactive to the date of transfer to the purported beneficial owner. Any
purported beneficial owner whose acquisition or holding of any such Certificate
or interest therein was effected in violation of the provisions of the preceding
two paragraphs shall indemnify and hold harmless the Depositor, the Master
Servicer, the Servicers, the NIMS Insurer, the Trust Administrator, the Trustee
and the Trust Fund from and against any and all liabilities, claims, costs
or
expenses incurred by those parties as a result of that acquisition or
holding.
(d) (i)Each
Person who has or who acquires any Ownership Interest in a Residual Certificate
shall be deemed by the acceptance or acquisition of such Ownership Interest
to
have agreed to be bound by the following provisions and to have irrevocably
authorized the Trust Administrator or its designee under clause (iii)(A) below
to deliver payments to a Person other than such Person and to negotiate the
terms of any mandatory sale under clause (iii)(B) below and to execute all
instruments of Transfer and to do all other things necessary in connection
with
any such sale. The rights of each Person acquiring any Ownership Interest in
a
Residual Certificate are expressly subject to the following
provisions:
Each
Person holding or acquiring any Ownership Interest in a Residual Certificate
shall be a Permitted Transferee and shall promptly notify the Trust
Administrator of any change or impending change in its status as a Permitted
Transferee.
In
connection with any proposed Transfer of any Ownership Interest in a Residual
Certificate, the Trust Administrator shall require delivery to it, and shall
not
register the Transfer of any Residual Certificate until its receipt of, an
affidavit and agreement (a “Transfer Affidavit and Agreement,” in the form
attached hereto as Exhibit F-2) from the proposed Transferee, in form and
substance satisfactory to the Trust Administrator, representing and warranting,
among other things, that such Transferee is a Permitted Transferee, that it
is
not acquiring its Ownership Interest in the Residual Certificate that is the
subject of the proposed Transfer as a nominee, trustee or agent for any Person
that is not a Permitted Transferee, that for so long as it retains its Ownership
Interest in a Residual Certificate, it will endeavor to remain a Permitted
Transferee, and that it has reviewed the provisions of this Section 5.02(d)
and agrees to be bound by them.
Notwithstanding
the delivery of a Transfer Affidavit and Agreement by a proposed Transferee
under clause (B) above, if a Responsible Officer of the Trust Administrator
who
is assigned to this transaction has actual knowledge that the proposed
Transferee is not a Permitted Transferee, no Transfer of an Ownership Interest
in a Residual Certificate to such proposed Transferee shall be
effected.
Each
Person holding or acquiring any Ownership Interest in a Residual Certificate
shall agree (x) to require a Transfer Affidavit and Agreement in the form
attached hereto as Exhibit F-2 from any other Person to whom such Person
attempts to transfer its Ownership Interest in a Residual Certificate and (y)
not to transfer its Ownership Interest unless it provides a Transferor Affidavit
(in the form attached hereto as Exhibit F-2) to the Trust Administrator stating
that, among other things, it has no actual knowledge that such other Person
is
not a Permitted Transferee.
Each
Person holding or acquiring an Ownership Interest in a Residual Certificate,
by
purchasing an Ownership Interest in such Certificate, agrees to give the Trust
Administrator written notice that it is a “pass-through interest holder” within
the meaning of temporary Treasury regulation Section 1.67-3T(a)(2)(i)(A)
immediately upon acquiring an Ownership Interest in a Residual Certificate,
if
it is, or is holding an Ownership Interest in a Residual Certificate on behalf
of, a “pass-through interest holder.”
(II) The
Trust
Administrator will register the Transfer of any Residual Certificate only if
it
shall have received the Transfer Affidavit and Agreement and all of such other
documents as shall have been reasonably required by the Trust Administrator
as a
condition to such registration. In addition, no Transfer of a Residual
Certificate shall be made unless the Trust Administrator shall have received
a
representation letter from the Transferee of such Certificate to the effect
that
such Transferee is a Permitted Transferee.
(III) If
any
purported Transferee shall become a Holder of a Residual Certificate in
violation of the provisions of this Section 5.02(d), then the last
preceding Permitted Transferee shall be restored, to the extent permitted by
law, to all rights as holder thereof retroactive to the date of registration
of
such Transfer of such Residual Certificate. The Trust Administrator shall be
under no liability to any Person for any registration of Transfer of a Residual
Certificate that is in fact not permitted by this Section 5.02(d) or for
making any payments due on such Certificate to the holder thereof or for taking
any other action with respect to such holder under the provisions of this
Agreement.
If
any
purported Transferee shall become a holder of a Residual Certificate in
violation of the restrictions in this Section 5.02(d) and to the extent
that the retroactive restoration of the rights of the holder of such Residual
Certificate as described in clause (iii)(A) above shall be invalid, illegal
or
unenforceable, then the Trust Administrator shall have the right, without notice
to the holder or any prior holder of such Residual Certificate, to sell such
Residual Certificate to a purchaser selected by the Trust Administrator on
such
terms as the Trust Administrator may choose. Such purported Transferee shall
promptly endorse and deliver each Residual Certificate in accordance with the
instructions of the Trust Administrator. Such purchaser may be the Trust
Administrator itself or any Affiliate of the Trust Administrator. The proceeds
of such sale, net of the commissions (which may include commissions payable
to
the Trustee or its Affiliates), expenses and taxes due, if any, will be remitted
by the Trust Administrator to such purported Transferee. The terms and
conditions of any sale under this clause (iii)(B) shall be determined in the
sole discretion of the Trust Administrator, and the Trust Administrator shall
not be liable to any Person having an Ownership Interest in a Residual
Certificate as a result of its exercise of such discretion.
(IV) The
Trust
Administrator shall make available to the Internal Revenue Service and those
Persons specified by the REMIC Provisions all information necessary to compute
any tax imposed (A) as a result of the Transfer of an Ownership Interest in
a
Residual Certificate to any Person who is a Disqualified Organization, including
the information described in Treasury regulations sections 1.860D-1(b)(5) and
1.860E-2(a)(5) with respect to the “excess inclusions” of such Residual
Certificate and (B) as a result of any regulated investment company, real estate
investment trust, common Trust, partnership, trust, estate or organization
described in Section 1381 of the Code that holds an Ownership Interest in a
Residual Certificate having as among its record holders at any time any Person
which is a Disqualified Organization. Reasonable compensation for providing
such
information may be accepted by the Trust Administrator.
(V) The
provisions of this Section 5.02(d) set forth prior to this subsection (v)
may be modified, added to or eliminated, provided that there shall have been
delivered to the Trust Administrator and the NIMS Insurer at the expense of
the
party seeking to modify, add to or eliminate any such provision the
following:
written
notification from each Rating Agency to the effect that the modification,
addition to or elimination of such provisions will not cause such Rating Agency
to downgrade its then-current ratings of any Class of Certificates;
and
an
Opinion of Counsel, in form and substance satisfactory to the Trust
Administrator and the NIMS Insurer, to the effect that such modification of,
addition to or elimination of such provisions will not cause any Trust REMIC
to
cease to qualify as a REMIC and will not cause any Trust REMIC to be subject
to
an entity-level tax caused by the Transfer of any Residual Certificate to a
Person that is not a Permitted Transferee or a Person other than the prospective
transferee to be subject to a REMIC-tax caused by the Transfer of a Residual
Certificate to a Person that is not a Permitted Transferee.
The
Trust
Administrator shall forward to the NIMS Insurer a copy of the items delivered
to
it pursuant to (A) and (B) above.
(e) Subject
to the preceding subsections, upon surrender for registration of transfer of
any
Certificate at any office or agency of the Trust Administrator maintained for
such purpose pursuant to Section 8.11, the Trust Administrator shall
execute, authenticate and deliver, in the name of the designated Transferee
or
Transferees, one or more new Certificates of the same Class of a like aggregate
Percentage Interest.
(f) At
the
option of the Holder thereof, any Certificate may be exchanged for other
Certificates of the same Class with authorized denominations and a like
aggregate Percentage Interest, upon surrender of such Certificate to be
exchanged at any office or agency of the Trust Administrator maintained for
such
purpose pursuant to Section 8.11. Whenever any Certificates are so
surrendered for exchange, the Trust Administrator shall execute, authenticate
and deliver, the Certificates which the Certificateholder making the exchange
is
entitled to receive. Every Certificate presented or surrendered for transfer
or
exchange shall (if so required by the Trust Administrator) be duly endorsed
by,
or be accompanied by a written instrument of transfer in the form satisfactory
to the Trust Administrator duly executed by, the Holder thereof or his attorney
duly authorized in writing. In addition, (i) with respect to each Class R
Certificate, the holder thereof may exchange, in the manner described above,
such Class R Certificate for three separate certificates, each representing
such
holder’s respective Percentage Interest in the Class R-I Interest, the Class
R-II Interest and the Class R-III Interest, respectively, in each case that
was
evidenced by the Class R Certificate being exchanged and (ii) with respect
to
each Class R-X Certificate, the holder thereof may exchange, in the manner
described above, such Class R-X Certificate for four separate certificates,
each
representing such holder’s respective Percentage Interest in the Class R-IV
Interest, the Class R-V Interest, the Class R-VI Interest and the Class R-VII
Interest, respectively, in each case that was evidenced by the Class R-X
Certificate being exchanged.
(g) No
service charge to the Certificateholders shall be made for any transfer or
exchange of Certificates, but the Trust Administrator may require payment of
a
sum sufficient to cover any tax or governmental charge that may be imposed
in
connection with any transfer or exchange of Certificates.
(h) All
Certificates surrendered for transfer and exchange shall be canceled and
destroyed by the Trust Administrator in accordance with its customary
procedures.
SECTION 5.03. |
Mutilated,
Destroyed, Lost or Stolen
Certificates.
|
If
(i)
any mutilated Certificate is surrendered to the Trust Administrator, or the
Trust Administrator receives evidence to its satisfaction of the destruction,
loss or theft of any Certificate, and (ii) there is delivered to the Trust
Administrator, the Trustee and the NIMS Insurer such security or indemnity
as
may be required by it to save it harmless, then, in the absence of actual
knowledge by the Trust Administrator that such Certificate has been acquired
by
a bona fide purchaser or the Trust Administrator shall execute, authenticate
and
deliver, in exchange for or in lieu of any such mutilated, destroyed, lost
or
stolen Certificate, a new Certificate of the same Class and of like denomination
and Percentage Interest. Upon the issuance of any new Certificate under this
Section, the Trust Administrator may require the payment of a sum sufficient
to
cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Trust
Administrator) connected therewith. Any replacement Certificate issued pursuant
to this Section shall constitute complete and indefeasible evidence of
ownership in the applicable REMIC created hereunder, as if originally issued,
whether or not the lost, stolen or destroyed Certificate shall be found at
any
time.
SECTION 5.04. |
Persons
Deemed Owners.
|
The
Depositor, the Master Servicer, the Servicers, the NIMS Insurer, the Trust
Administrator, the Trustee and any agent of any of them may treat the Person
in
whose name any Certificate is registered as the owner of such Certificate for
the purpose of receiving distributions pursuant to Section 4.01 and for all
other purposes whatsoever, and none of the Depositor, the Master Servicer,
the
Servicers, the NIMS Insurer, the Trust Administrator, the Trustee or any agent
of any of them shall be affected by notice to the contrary.
SECTION 5.05. |
Certain
Available Information.
|
On
or
prior to the date of the first sale of any Private Certificate to an Independent
third party, the Depositor shall provide to the Trust Administrator ten copies
of any private placement memorandum or other disclosure document used by the
Depositor in connection with the offer and sale of such Certificates. In
addition, if any such private placement memorandum or disclosure document is
revised, amended or supplemented at any time following the delivery thereof
to
the Trust Administrator, the Depositor promptly shall inform the Trust
Administrator of such event and shall deliver to the Trust Administrator ten
copies of the private placement memorandum or disclosure document, as revised,
amended or supplemented. The Trust Administrator shall maintain at its Corporate
Trust Office and shall make available free of charge during normal business
hours for review by any Holder of a Certificate or any Person identified to
the
Trust Administrator as a prospective transferee of a Certificate, originals
or
copies of the following items: (i) in the case of a Holder or prospective
transferee of a Private Certificate, the related private placement memorandum
or
other disclosure document relating to such Class of Certificates, in the form
most recently provided to the Trust Administrator; and (ii) in all cases, (A)
this Agreement and any amendments hereof entered into pursuant to
Section 11.01, (B) all monthly statements required to be delivered to
Certificateholders of the relevant Class pursuant to Section 4.02 since the
Closing Date, and all other notices, reports, statements and written
communications delivered to the Certificateholders of the relevant Class
pursuant to this Agreement since the Closing Date, (C) all certifications
delivered by a Responsible Officer of the Trust Administrator since the Closing
Date, (D) any and all Officers’ Certificates delivered to the Trust
Administrator by each Servicer since the Closing Date to evidence such
Servicer’s determination that any Advance or Servicing Advance was, or if made,
would be a Nonrecoverable Advance or Nonrecoverable Servicing Advance,
respectively, and (E) any and all Officers’ Certificates delivered to the Trust
Administrator by each Servicer since the Closing Date pursuant to
Section 4.04(a). Copies and mailing of any and all of the foregoing items
will be available from the Trust Administrator upon request at the expense
of
the Person requesting the same.
ARTICLE
VI
THE
DEPOSITOR AND THE MASTER SERVICER
SECTION 6.01. |
Liability
of the Depositor, the Servicers and the Master
Servicer.
|
The
Depositor, the Servicers and the Master Servicer each shall be liable in
accordance herewith only to the extent of the obligations specifically imposed
by this Agreement upon them in their respective capacities as Depositor,
Servicers and Master Servicer and undertaken hereunder by the Depositor, the
Servicers and the Master Servicer herein.
SECTION 6.02. |
Merger
or Consolidation of the Depositor or the Master
Servicer.
|
Subject
to the following paragraph, the Depositor will keep in full effect its
existence, rights and franchises as a corporation under the laws of the
jurisdiction of its incorporation. Subject to the following paragraph, each
Servicer will keep in full effect its existence, rights and franchises under
the
laws of the United States of America as a national banking association. Subject
to the following paragraph, the Master Servicer will keep in full effect its
existence, rights and franchises as a national banking association and shall
ensure that it (or an Affiliate) maintains its qualification as an approved
conventional seller/servicer for Xxxxxx Xxx or Xxxxxxx Mac in good standing.
The
Depositor, the Servicers and the Master Servicer each will obtain and preserve
its qualification to do business as a foreign corporation in each jurisdiction
in which such qualification is or shall be necessary to protect the validity
and
enforceability of this Agreement, the Certificates or any of the Mortgage Loans
and to perform its respective duties under this Agreement.
The
Depositor, the Servicers or the Master Servicer may be merged or consolidated
with or into any Person, or transfer all or substantially all of its assets
to
any Person, in which case any Person resulting from any merger or consolidation
to which the Depositor, the Servicers or the Master Servicer shall be a party,
or any Person succeeding to the business of the Depositor, the Servicers or
the
Master Servicer, shall be the successor of the Depositor or the Master Servicer,
as the case may be, hereunder, without the execution or filing of any paper
or
any further act on the part of any of the parties hereto, anything herein to
the
contrary notwithstanding; provided, however, that the successor or surviving
Person to a Servicer shall be qualified to service mortgage loans on behalf
of
Xxxxxx Mae or Xxxxxxx Mac; and provided further that the Rating Agencies’
ratings of the Class A Certificates and the Mezzanine Certificates in effect
immediately prior to such merger or consolidation will not be qualified, reduced
or withdrawn as a result thereof (as evidenced by a letter to such effect from
the Rating Agencies).
SECTION 6.03. |
Limitation
on Liability of the Depositor, the Servicers, the Master Servicer
and
Others.
|
(a) Xxxxx
Fargo in its capacity as a Servicer (but not the Trustee if it is required
to
succeed a Servicer after becoming Master Servicer hereunder) indemnifies and
holds the NIMS Insurer, the Trustee, the Trust Administrator, the Master
Servicer and the Depositor harmless against any and all claims, losses,
penalties, fines, forfeitures, reasonable legal fees and related costs,
judgments, and any other costs, fees and expenses that the NIMS Insurer, the
Trustee, the Trust Administrator, the Master Servicer and the Depositor may
sustain in any way related to the failure of Xxxxx Fargo in its capcity as
a
Servicer to perform its duties and service the Mortgage Loans in compliance
with
the terms of this Agreement.
JPMorgan
in its capacity as a Servicer (but not the Trustee if it is required to succeed
a Servicer after becoming Master Servicer hereunder) indemnifies and holds
the
NIMS Insurer, the Trustee, the Trust Administrator, the Master Servicer and
the
Depositor harmless against any and all claims, losses, penalties, fines,
forfeitures, reasonable legal fees and related costs, judgments, and any other
costs, fees and expenses that the NIMS Insurer, the Trustee, the Trust
Administrator, the Master Servicer and the Depositor may sustain solely and
directly related to the failure of JPMorgan in its capcity as a Servicer to
perform its duties and service the Mortgage Loans in compliance with the terms
of this Agreement.
Each
Servicer shall immediately notify the NIMS Insurer, the Trustee, the Trust
Administrator, the Master Servicer and the Depositor if a claim is made that
may
result in such claims, losses, penalties, fines, forfeitures, legal fees or
related costs, judgments, or any other costs, fees and expenses, and each
Servicer shall assume (with the consent of the Trust Administrator, the
Depositor, the Master Servicer and the Trustee) the defense of any such claim
and pay all expenses in connection therewith, including reasonable counsel
fees,
and promptly pay, discharge and satisfy any judgment or decree which may be
entered against the the NIMS Insurer, the Trustee, the Trust Administrator,
the
Master Servicer and/or the Depositor in respect of such claim. The provisions
of
this Section 6.03 shall survive the termination of this Agreement and the
payment of the outstanding Certificates.
(b) The
Master Servicer agrees to indemnify the Indemnified Persons for, and to hold
them harmless against, any loss, liability or expense (including reasonable
legal fees and disbursements of counsel) incurred on their part that may be
sustained in connection with, arising out of, or relating to, any claim or
legal
action (including any pending or threatened claim or legal action) relating
to
this Agreement or the Certificates or the powers of attorney delivered by the
Trustee hereunder (i) related to the Master Servicer’s failure to perform its
duties in compliance with this Agreement (except as any such loss, liability
or
expense shall be otherwise reimbursable pursuant to this Agreement) or (ii)
incurred by reason of the Master Servicer’s willful misfeasance, bad faith or
gross negligence in the performance of duties hereunder or by reason of reckless
disregard of obligations and duties hereunder, provided, in each case, that
with
respect to any such claim or legal action (or pending or threatened claim or
legal action), the Trustee shall have given the Master Servicer and the
Depositor written notice thereof promptly after the Trustee shall have with
respect to such claim or legal action knowledge thereof. The Master Servicer’s
failure to receive any such notice shall not affect any Indemnified Person’s
right to indemnification under this Section 6.03(b), except to the extent
the Master Servicer is materially prejudiced by such failure to give notice.
This indemnity shall survive the resignation or removal of the Trustee, Master
Servicer or the Trust Administrator and the termination of this Agreement.
For
purposes of this Section 6.03(b), “Indemnified Persons” means the Trustee,
the NIMS Insurer and their respective officers, directors, agents and employees
and, with respect to the Trustee, any separate co-trustee and its officers,
directors, agents and employees.
(c) None
of
the Depositor, the NIMS Insurer, the Master Servicer, the Trust Administrator,
the Servicers or any of the directors, officers, employees or agents of the
Depositor, the Master Servicer, the Trust Administrator or the Servicers shall
be under any liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action in good faith
pursuant to this Agreement, or for errors in judgment; provided, however, that
this provision shall not protect the Depositor, the Master Servicer, the Trust
Administrator, the Servicers or any such person against any breach of
warranties, representations or covenants made herein, or against any specific
liability imposed on the Master Servicer or Servicers pursuant hereto, or
against any liability which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of duties or
by
reason of reckless disregard of obligations and duties hereunder, in the case
of
the Master Servicer, a breach of the servicing standard set forth in Section
3A.01 or in the case of the Servicers, a breach of the servicing standard set
forth in Section 3.01. The Depositor, the NIMS Insurer, the Master Servicer,
the
Trust Administrator and the Servicers and any director, officer, employee or
agent of the Depositor, the NIMS Insurer, the
Master Servicer, the Trust Administrator or
the
Servicers may rely in good faith on any document of any kind which is,
prima
facie,
is
properly executed and submitted by any Person respecting any matters arising
hereunder. The Depositor, the NIMS Insurer, the Master Servicer, the Trust
Administrator, or the Servicers and any director, officer, employee or agent
of
the Depositor, the NIMS Insurer, the Master Servicer, the Trust Administrator,
or the Servicers shall be indemnified and held harmless by the Trust Fund
against any loss, liability or expense incurred in connection with (i) any
legal
action relating to this Agreement or the Certificates, other than any loss,
liability or expense relating to any specific Mortgage Loan or Mortgage Loans
(except as any such loss, liability or expense shall be otherwise reimbursable
pursuant to this Agreement) or any loss, liability or expense incurred by reason
of willful misfeasance, bad faith or negligence in the performance of duties
hereunder or by reason of its reckless disregard of obligations and duties
hereunder or (ii) any breach of a representation or warranty by the Originator
or any other party regarding the Mortgage Loans. None of the Depositor, the
NIMS
Insurer, the Master Servicer, the Trust Administrator or the Servicers shall
be
under any obligation to appear in, prosecute or defend any legal action unless
such action is related to its respective duties under this Agreement and, in
its
opinion, does not involve it in any expense or liability; provided, however,
that each of the Depositor, the NIMS Insurer, the Master Servicer, the Trust
Administrator and the Servicers may in its discretion undertake any such action
which it may deem necessary or desirable with respect to this Agreement and
the
rights and duties of the parties hereto and the interests of the
Certificateholders hereunder. In such event, unless the Depositor, the Master
Servicer or a Servicer, the Trust Administrator acts without the consent of
Holders of Certificates entitled to at least 51% of the Voting Rights in the
case of legal actions initiated by the Depositor, the Master Servicer, the
Trust
Administrator or a Servicer, the legal expenses and costs of such action and
any
liability resulting therefrom (except any loss, liability or expense incurred
by
reason of willful misfeasance, bad faith or gross negligence in the performance
of duties hereunder or by reason of reckless disregard of obligations and duties
hereunder) shall be expenses, costs and liabilities of the Trust Fund, and
the
Depositor, the NIMS Insurer, the Master Servicer, the Trust Administrator and
the related Servicer shall be entitled to be reimbursed therefor from the
Collection Account or Distribution Account, as applicable, as and to the extent
provided in Section 3.11 or Section 3A.12, any such right of reimbursement
being
prior to the rights of the Certificateholders to receive any amount in the
Collection Account or Distribution Account. The Master Servicer’s, the Trust
Administrator’s or Servicer’s right to indemnity or reimbursement pursuant to
this Section shall survive any termination of this Agreement, any resignation
or
termination of the Master Servicer, the Trust Administrator or such Servicer
pursuant to Section 6.04 or 7.01 with respect to any losses, expenses, costs
or
liabilities arising prior to such resignation or termination (or arising from
events that occurred prior to such resignation or termination).
SECTION 6.04. |
Limitation
on Resignation of the Servicers; Assignment of Master
Servicing.
|
(a) Except
as
otherwise provided herein, each Servicer shall not resign from the obligations
and duties hereby imposed on it except upon determination that its duties
hereunder are no longer permissible under applicable law. Any such determination
pursuant to the preceding sentence permitting the resignation of a Servicer
shall be evidenced by an Opinion of Counsel to such effect obtained at the
expense of such Servicer and delivered to the Trustee, the Trust Administrator,
the Master Servicer and the NIMS Insurer. No resignation of a Servicer shall
become effective until the Master Servicer (or if the Master Servicer is the
Servicer, the Trustee) or a successor servicer acceptable to the NIMS Insurer
shall have assumed such Servicer’s responsibilities, duties, liabilities (other
than those liabilities arising prior to the appointment of such successor)
and
obligations under this Agreement. Any such resignation shall not relieve the
related Servicer of responsibility for any of the obligations specified in
Sections 7.01 and 7.02 as obligations that survive the resignation or
termination of the related Servicer.
Except
as
expressly provided herein, each Servicer shall not assign or transfer any of
its
rights, benefits or privileges hereunder to any other Person, or delegate to
or
subcontract with, or authorize or appoint any other Person to perform any of
the
duties, covenants or obligations to be performed by the related Servicer
hereunder. The foregoing prohibition on assignment shall not prohibit a Servicer
from designating a Sub-Servicer as payee of any indemnification amount payable
to such Servicer hereunder; provided, however, that as provided in Section
3.06
hereof, no Sub-Servicer shall be a third-party beneficiary hereunder and the
parties hereto shall not be required to recognize any Sub-Servicer as an
indemnitee under this Agreement. If, pursuant to any provision hereof, the
duties of the related Servicer are transferred to a successor servicer, the
entire amount of the Servicing Fee and other compensation payable to the related
Servicer pursuant hereto shall thereafter be payable to such successor
servicer.
(b) The
Master Servicer may sell, assign or delegate its rights, duties and obligations
as Master Servicer under this Agreement in their entirety; provided, however,
that: (i) the purchaser or transferee accepting such sale, assignment and
delegation (a) shall be a Person qualified to service mortgage loans for Xxxxxx
Xxx or Xxxxxxx Mac; (b) shall have a net worth of not less than $50,000,000
(unless otherwise approved by each Rating Agency pursuant to clause (ii) below);
(c) shall be reasonably satisfactory to the NIMS Insurer and the Trustee (as
evidenced in a writing signed by each of the NIMS Insurer and the Trustee);
and
(d) shall execute and deliver to the Trustee and the NIMS Insurer an agreement,
in form and substance reasonably satisfactory to the Trustee and the NIMS
Insurer, which contains an assumption by such Person of the due and punctual
performance and observance of each covenant and condition to be performed or
observed by it as master servicer under this Agreement from and after the
effective date of such assumption agreement; (ii) each Rating Agency shall
be
given prior written notice of the identity of the proposed successor to the
Master Servicer and shall confirm in writing to the Master Servicer, the NIMS
Insurer and the Trustee that any such sale, assignment or delegation would
not
result in a withdrawal or a downgrading of the rating on any Class of
Certificates in effect immediately prior to such sale, assignment or delegation;
and (iii) the Master Servicer shall deliver to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions
precedent to such action under this Agreement have been fulfilled and such
action is permitted by and complies with the terms of this Agreement. No such
sale, assignment or delegation shall affect any liability of the Master Servicer
arising prior to the effective date thereof.
SECTION 6.05. |
Successor
Master Servicer.
|
In
connection with the appointment of any successor Master Servicer or the
assumption of the duties of the Master Servicer, the Depositor, the NIMS Insurer
or the Trustee may make such arrangements for the compensation of such successor
Master Servicer out of payments on the Mortgage Loans as the Depositor, the
NIMS
Insurer or the Trustee and such successor Master Servicer shall agree. If the
successor Master Servicer does not agree that such market value is a fair price,
such successor Master Servicer shall obtain two quotations of market value
from
third parties actively engaged in the master servicing of single-family mortgage
loans. Notwithstanding the foregoing, the compensation payable to a successor
Master Servicer may not exceed the compensation which the Master Servicer would
have been entitled to retain if the Master Servicer had continued to act as
Master Servicer hereunder.
SECTION 6.06. |
Rights
of the Depositor in Respect of the
Servicers.
|
Each
Servicer shall afford (and any Sub-Servicing Agreement shall provide that each
Sub-Servicer shall afford) the Depositor, the NIMS Insurer, the Master Servicer,
the Trust Administrator and the Trustee, upon five (5) Business Days prior
notice, during normal business hours, access to all records maintained by each
Servicer (and any such Sub-Servicer) in respect of each Servicer’s rights and
obligations hereunder and access to officers of each Servicer (and those of
any
such Sub-Servicer) responsible for such obligations. Upon request, each Servicer
agrees that is shall furnish to the Depositor, the NIMS Insurer, the Master
Servicer, the Trust Administrator and the Trustee its (and any such
Sub-Servicer’s) most recent financial statements and such other information
relating to the related Servicer’s capacity to perform its obligations under
this Agreement as it possesses (and that any such Sub-Servicer possesses).
To
the extent such information is not otherwise available to the public, the
Depositor, the NIMS Insurer, the Master Servicer, the Trust Administrator and
the Trustee shall not disseminate any information obtained pursuant to the
preceding two sentences without the related Servicer’s written consent, except
as required pursuant to this Agreement or to the extent that it is appropriate
to do so (i) in working with legal counsel, auditors, taxing authorities or
other governmental agencies or (ii) pursuant to any law, rule, regulation,
order, judgment, writ, injunction or decree of any court or governmental
authority having jurisdiction over the Depositor and the Trustee or the Trust
Fund, and in any case, the Depositor, the NIMS Insurer, the Master Servicer,
the
Trust Administrator or the Trustee, as the case may be, shall use its best
efforts to assure the confidentiality of any such disseminated non-public
information.
The
Depositor may, but is not obligated to, enforce the obligations of the Servicers
under this Agreement and may, but is not obligated to, perform, or cause a
designee to perform, any defaulted obligation of a Servicer under this Agreement
or exercise the rights of a Servicer under this Agreement; provided that the
Servicers shall not be relieved of any of its obligations under this Agreement
by virtue of such performance by the Depositor or its designee. The Depositor
shall not have any responsibility or liability for any action or failure to
act
by a Servicer and is not obligated to supervise the performance of a Servicer
under this Agreement or otherwise.
SECTION 6.07. |
Duties
of the Credit Risk Manager.
|
For
and
on behalf of the Depositor, the Credit Risk Manager will provide reports and
recommendations concerning certain delinquent and defaulted Mortgage Loans,
and
as to the collection of any Prepayment
Charges with respect to the Mortgage Loans. Such reports and recommendations
will be
based
upon
information provided to the Credit Risk Manager pursuant to the respective
Credit Risk Management Agreement, and the Credit Risk Manager shall look solely
to the Servicers and/or Master Servicer, as applicable, for all information
and
data (including loss and delinquency information and data) relating to the
servicing of the Mortgage Loans. Upon any termination of the Credit Risk Manager
or the appointment of a successor Credit Risk Manager, the Depositor shall
give
written notice thereof to the Servicers, the Trustee, the Master Servicer,
the
Trust Administrator, the NIMS Insurer and each Rating Agency. Notwithstanding
the foregoing, the termination of the Credit Risk Manager pursuant to this
Section shall not become effective until the appointment of a successor
Credit Risk Manager.
SECTION 6.08. |
Limitation
Upon Liability of the Credit Risk
Manager.
|
Neither
the Credit Risk Manager, nor any of its directors, officers, employees, or
agents shall be under any liability to the Trustee, the Certificateholders,
the
Trust Administrator, the Servicers, the Master Servicer or the Depositor for
any
action taken or for refraining from the taking of any action made in good faith
pursuant to this Agreement, in reliance upon information provided by the
Servicers or the Master Servicer under the related Credit Risk Management
Agreement, or for errors in judgment; provided, however, that this provision
shall not protect the Credit Risk Manager or any such person against liability
that would otherwise be imposed by reason of willful malfeasance or bad faith
in
its performance of its duties. The Credit Risk Manager and any director,
officer, employee, or agent of the Credit Risk Manager may rely in good faith
on
any document of any kind prima
facie
properly
executed and submitted by any Person respecting any matters arising hereunder,
and may rely in good faith upon the accuracy of information furnished by the
Servicers or the Master Servicer pursuant to the related Credit Risk Management
Agreement in the performance of its duties thereunder and
hereunder.
SECTION 6.09. |
Removal
of the Credit Risk Manager.
|
The
Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders
holding not less than 66 2/3% of the Voting Rights in the Trust Fund, in the
exercise of its or their sole discretion. The Certificateholders shall provide
written notice of the Credit Risk Manager’s removal to the Trust Administrator.
Upon receipt of such notice, the Trust Administrator shall provide written
notice to the Credit Risk Manager of its removal, which shall be effective
upon
receipt of such notice by the Credit Risk Manager.
ARTICLE
VII
DEFAULT
SECTION 7.01. |
Servicer
Events of Default and Master Servicer Events of
Termination.
|
(a) Unless
otherwise specified, all references to “the Servicer” under this Section 7.01(a)
shall be to events or actions as they relate to a specific Servicer. “Servicer
Event of Default,” wherever used herein, means any one of the following
events:
(i) any
failure by the Servicer to remit to the Trust Administrator for distribution
to
the Certificateholders any payment (other than an Advance required to be made
from its own funds on any Servicer Remittance Date pursuant to Section 4.03)
required to be made under the terms of the Certificates and this Agreement
which
continues unremedied for a period of one Business Day after the date upon which
written notice of such failure, requiring the same to be remedied, shall have
been given to the Servicer by the Depositor or the Trust Administrator (in
which
case notice shall be provided by telecopy), or to the Servicer, the Depositor
and the Trust Administrator by the NIMS Insurer or the Holders of Certificates
entitled to at least 25% of the Voting Rights; or
(ii) other
than with respect to clause (vi) below, any failure on the part of the Servicer
duly to observe or perform in any material respect any other of the covenants
or
agreements on the part of the Servicer contained in this Agreement, or the
breach by the Servicer of any representation and warranty contained in Section
2.05, which continues unremedied for a period of 30 days (or if such failure
or
breach cannot be remedied within 30 days, then such remedy shall have been
commenced within 30 days and diligently pursued thereafter; provided, however,
that in no event shall such failure or breach be allowed to exist for a period
of greater than 90 days) after the earlier of (i) the date on which written
notice of such failure, requiring the same to be remedied, shall have been
given
to the Servicer by the Depositor or the Trust
Administrator or
to the
Servicer, the Depositor and the Trust Administrator by the NIMS Insurer or
the
Holders of Certificates entitled to at least 25% of the Voting Rights and (ii)
actual knowledge of such failure by a Servicing Officer of the Servicer;
or
(iii) a
decree
or order of a court or agency or supervisory authority having jurisdiction
in
the premises in an involuntary case under any present or future federal or
state
bankruptcy, insolvency or similar law or the appointment of a conservator or
receiver or liquidator in any insolvency, readjustment of debt, marshalling
of
assets and liabilities or similar proceeding, or for the winding-up or
liquidation of its affairs, shall have been entered against the Servicer and
such decree or order shall have remained in force undischarged or unstayed
for a
period of 90 days; or
(iv) the
Servicer shall consent to the appointment of a conservator or receiver or
liquidator in any insolvency, readjustment of debt, marshalling of assets and
liabilities or similar proceedings of or relating to it or of or relating to
all
or substantially all of its property; or
(v) the
Servicer shall admit in writing its inability to pay its debts generally as
they
become due, file a petition to take advantage of any applicable insolvency
or
reorganization statute, make an assignment for the benefit of its creditors,
or
voluntarily suspend payment of its obligations; or
(vi) any
failure by the Servicer to timely comply with its obligations pursuant to
Section 3.20, Section 3.21 or Section 4.06 hereof (in each case, taking into
account any applicable cure periods);
(vii) any
failure of the Servicer to make any Advance on any Servicer Remittance Date
required to be made from its own funds pursuant to Section 4.03 which continues
unremedied until 3:00 p.m. New York time on the Business Day following the
Servicer Remittance Date.
If
(a) a
Servicer Event of Default described in clauses (i) through (vi) of this Section
shall occur, then, and in each and every such case, so long as such Servicer
Event of Default shall not have been remedied, the Depositor, the Master
Servicer, the Trustee or the Trust Administrator may, and at the written
direction of the Holders of Certificates entitled to at least 51% of Voting
Rights, or at the direction of the NIMS Insurer, the Trustee shall or (b) a
Servicer Event of Default described in clause (vii) of this Section shall occur
and the Trustee or the Master Servicer has, at the direction of the Depositor,
determined to terminate the Servicer, then the Trustee, shall, by notice in
writing to the Servicer, the Master Servicer and the Depositor, terminate all
of
the rights and obligations of the Servicer in its capacity as Servicer under
this Agreement, to the extent permitted by law, and in and to the Mortgage
Loans
and the proceeds thereof. If a Servicer Event of Default described in clause
(vii) hereof shall occur, the Trustee shall, by notice in writing to the
Servicer, the Depositor, the Master Servicer and the NIMS Insurer, terminate
all
of the rights and obligations of the Servicer in its capacity as Servicer under
this Agreement and in and to the Mortgage Loans and the proceeds thereof.
Subject to Section 7.02 hereof, on or after the receipt by the Servicer of
such
written notice, all authority and power of the Servicer under this Agreement,
whether with respect to the Certificates (other than as a Holder of any
Certificate) or the Mortgage Loans or otherwise, shall pass to and be vested
in
the Master Servicer or (if the Master Servicer is the Servicer) the Trustee
pursuant to and under this Section, and, without limitation, the Master Servicer
or the Trustee, as applicable, is hereby authorized and empowered, as
attorney-in-fact or otherwise, to execute and deliver, on behalf of and at
the
expense of the Servicer, any and all documents and other instruments and to
do
or accomplish all other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the transfer and
endorsement or assignment of the Mortgage Loans and related documents, or
otherwise. The Servicer agrees to promptly (and in any event no later than
ten
Business Days subsequent to such notice) provide the Master Servicer or the
Trustee, as applicable, with all documents and records requested by it to enable
it to assume the Servicer’s functions under this Agreement, and to cooperate
with the Master Servicer or the Trustee, as applicable, in effecting the
termination of the Servicer’s responsibilities and rights under this Agreement,
including, without limitation, the transfer within one Business Day to the
Master Servicer or the Trustee, as applicable, for administration by it of
all
cash amounts which at the time shall be or should have been credited by the
Servicer to the Collection Account held by or on behalf of the Servicer, the
Distribution Account or any REO Account or Servicing Account held by or on
behalf of the Servicer or thereafter be received with respect to the Mortgage
Loans or any REO Property serviced by the Servicer; provided, however, that
the
Servicer shall continue to be entitled to receive all amounts accrued or owing
to it under this Agreement on or prior to the date of such termination, whether
in respect of Advances or otherwise, and shall continue to be entitled to the
benefits of Section 6.03, notwithstanding any such termination, with respect
to
events occurring prior to such termination.
(b) “Master
Servicer Event of Termination,” wherever used herein, means any one of the
following events:
(i) the
Master Servicer fails to cause to be deposited in the Distribution Account
any
amount so required to be deposited pursuant to this Agreement (other than an
Advance), and such failure continues unremedied for a period of three Business
Days after the date upon which written notice of such failure, requiring the
same to be remedied, shall have been given to the Master Servicer;
or
(ii) the
Master Servicer fails to observe or perform in any material respect any other
material covenants and agreements set forth in this Agreement to be performed
by
it, which covenants and agreements materially affect the rights of
Certificateholders, and such failure continues unremedied for a period of 60
days after the date on which written notice of such failure, properly requiring
the same to be remedied, shall have been given to the Master Servicer by the
Trustee or the NIMS Insurer or to the Master Servicer and the Trustee by the
Holders of Certificates evidencing not less than 25% of the Voting Rights;
or
(iii) there
is
entered against the Master Servicer a decree or order by a court or agency
or
supervisory authority having jurisdiction in the premises for the appointment
of
a conservator, receiver or liquidator in any insolvency, readjustment of debt,
marshaling of assets and liabilities or similar proceedings, or for the winding
up or liquidation of its affairs, and the continuance of any such decree or
order is unstayed and in effect for a period of 60 consecutive days, or an
involuntary case is commenced against the Master Servicer under any applicable
insolvency or reorganization statute and the petition is not dismissed within
60
days after the commencement of the case; or
(iv) the
Master Servicer consents to the appointment of a conservator or receiver or
liquidator in any insolvency, readjustment of debt, marshaling of assets and
liabilities or similar proceedings of or relating to the Master Servicer or
substantially all of its property; or the Master Servicer admits in writing
its
inability to pay its debts generally as they become due, files a petition to
take advantage of any applicable insolvency or reorganization statute, makes
an
assignment for the benefit of its creditors, or voluntarily suspends payment
of
its obligations; or
(v) the
Master Servicer assigns or delegates its duties or rights under this Agreement
in contravention of the provisions permitting such assignment or delegation
under Section 6.05; or
(vi) any
failure of the Master Servicer to make any Advance (other than a Nonrecoverable
Advance) required to be made from its own funds pursuant to Section 4.03 by
5:00 p.m. New York time on the Business Day prior to the applicable Distribution
Date.
In
each
and every such case, so long as such Master Servicer Event of Termination with
respect to the Master Servicer shall not have been remedied, either the Trustee,
the NIMS Insurer or the Holders of Certificates evidencing not less than 51%
of
the Voting Rights, by notice in writing to the Depositor, the Master Servicer
(and to the Trustee if given by such Certificateholders), with a copy to the
NIMS Insurer and the Rating Agencies, may terminate all of the rights and
obligations (but not the liabilities) of the Master Servicer under this
Agreement and in and to the Mortgage Loans and/or the REO Property master
serviced by the Master Servicer and the proceeds thereof. Upon the receipt
by
the Master Servicer of the written notice, all authority and power of the Master
Servicer under this Agreement, whether with respect to the Certificates, the
Mortgage Loans, REO Property or under any other related agreements (but only
to
the extent that such other agreements relate to the Mortgage Loans or related
REO Property) shall, subject to Section 7.03, automatically and without
further action pass to and be vested in the Trustee pursuant to this
Section 7.01(b); and, without limitation, the Trustee is hereby authorized
and empowered to execute and deliver, on behalf of the Master Servicer as
attorney-in-fact or otherwise, any and all documents and other instruments
and
to do or accomplish all other acts or things necessary or appropriate to effect
the purposes of such notice of termination, whether to complete the transfer
and
endorsement or assignment of the Mortgage Loans and related documents, or
otherwise. The Master Servicer agrees to cooperate with the Trustee in effecting
the termination of the Master Servicer’s rights and obligations hereunder,
including, without limitation, the transfer to the Trustee of (i) the property
and amounts which are then or should be part of the Trust Fund or which
thereafter become part of the Trust Fund; and (ii) originals or copies of all
documents of the Master Servicer reasonably requested by the Trustee to enable
it to assume the Master Servicer’s duties thereunder. In addition to any other
amounts which are then, or, notwithstanding the termination of its activities
under this Agreement, may become payable to the Master Servicer under this
Agreement, the Master Servicer shall be entitled to receive, out of any amount
received on account of a Mortgage Loan or related REO Property, that portion
of
such payments which it would have received as reimbursement under this Agreement
if notice of termination had not been given. The termination of the rights
and
obligations of the Master Servicer shall not affect any obligations incurred
by
the Master Servicer prior to such termination.
Notwithstanding
the foregoing, if a Master Servicer Event of Termination described in clause
(vi) of this Section 7.01(b) shall occur, the Trustee shall, by notice in
writing to the Master Servicer, which may be delivered by telecopy, immediately
terminate all of the rights and obligations of the Master Servicer thereafter
arising under this Agreement, but without prejudice to any rights it may have
as
a Certificateholder or to reimbursement of Advances and other advances of its
own funds, and the Trustee shall act as provided in Section 7.03 to carry
out the duties of the Master Servicer, including the obligation to make any
Advance the nonpayment of which was a Master Servicer Event of Termination
described in clause (vi) of this Section 7.01(b). Any such action taken by
the Trustee must be prior to the distribution on the relevant Distribution
Date.
SECTION 7.02. |
Master
Servicer or Trustee to Act; Appointment of Successor
Servicer.
|
(a) From
the
time a Servicer receives a notice of termination, the Master
Servicer
or (if
the Master Servicer is the Servicer) the Trustee (or such other successor
servicer as is acceptable to the NIMS Insurer) shall be the successor in all
respects to the Servicer in its capacity as Servicer under this Agreement and
the transactions set forth or provided for herein, and all the responsibilities,
duties and liabilities relating thereto and arising thereafter shall be assumed
by the Master Servicer or the Trustee, as applicable, (except for any
representations or warranties of the Servicer under this Agreement, the
responsibilities, duties and liabilities contained in Section 2.05 (other than
with respect to Section 2.05(x)) and the obligation to deposit amounts in
respect of losses pursuant to Section 3.12) by the terms and provisions hereof;
provided, however, the Master Servicer or the Trustee, as applicable, shall
immediately assume the Servicer’s obligations to make Advances pursuant to
Section 4.03; provided, further, however, that if the Master Servicer or the
Trustee, as applicable, is prohibited by law or regulation from obligating
itself to make advances regarding delinquent mortgage loans, then the Master
Servicer or the Trustee, as applicable, shall not be obligated to make Advances
pursuant to Section 4.03; and provided further, that any failure to perform
such
duties or responsibilities caused by the Servicer’s failure to provide
information required by Section 7.01(a) shall not be considered a default by
the
Master Servicer or the Trustee, as applicable, as successor to the Servicer
hereunder. It is understood and acknowledged by the parties hereto that there
will be a period of transition (not to exceed 90 days) before the transition
of
servicing obligations is fully effective. As compensation therefor, the Master
Servicer or the Trustee, as applicable, shall be entitled to the Servicing
Fee
and all funds relating to the Mortgage Loans to which the Servicer would have
been entitled if it had continued to act hereunder. Notwithstanding the above
and subject to Section 7.02(b) below, the Master Servicer or the Trustee, as
applicable, if it shall be unwilling to so act, or shall, if it is unable to
so
act or if it is prohibited by law from making advances regarding delinquent
mortgage loans or if the Holders of Certificates entitled to at least 51% of
the
Voting Rights or the NIMS Insurer so request in writing to the Trustee, promptly
appoint or petition a court of competent jurisdiction to appoint, an established
mortgage loan servicing institution acceptable to each Rating Agency and the
NIMS Insurer and having a net worth of not less than $15,000,000, as the
successor to the Servicer under this Agreement in the assumption of all or
any
part of the responsibilities, duties or liabilities of the Servicer under this
Agreement.
Pending
appointment of a successor to the Servicer hereunder, unless the Master Servicer
or the Trustee, as applicable, is prohibited by law from so acting, the Master
Servicer or the Trustee, as applicable, shall act in such capacity as
hereinabove provided. In connection with such appointment and assumption, the
successor shall be entitled to receive compensation out of payments on Mortgage
Loans in an amount equal to the compensation which the Servicer would otherwise
have received pursuant to Section 3.18 (or such other compensation as the Master
Servicer or the Trustee, as applicable, and such successor shall agree, not
to
exceed the Servicing Fee). The appointment of a successor servicer shall not
affect any liability of the predecessor Servicer which may have arisen under
this Agreement prior to its termination as Servicer to pay any deductible under
an insurance policy pursuant to Section 3.14 or to indemnify the NIMS Insurer
pursuant to Section 6.03, nor shall any successor servicer be liable for any
acts or omissions of the predecessor servicer or for any breach by such servicer
of any of its representations or warranties contained herein or in any related
document or agreement. The Master Servicer or the Trustee, as applicable, and
such successor shall take such action, consistent with this Agreement, as shall
be necessary to effectuate any such succession. All reasonable Servicing
Transfer Costs shall be paid by the predecessor servicer upon presentation
of
reasonable documentation of such costs, and if such predecessor servicer
defaults in its obligation to pay such costs, such costs shall be paid by the
successor servicer or the Master Servicer or the Trustee, as applicable (in
which case the successor servicer or the Master Servicer or the Trustee, as
applicable, shall be entitled to reimbursement therefor from the assets of
the
Trust Fund).
(b) No
appointment of a successor to the Servicer under this Agreement shall be
effective until the assumption by the successor of all of the Servicer’s
responsibilities, duties and liabilities hereunder. In connection with such
appointment and assumption described herein, the Master Servicer or the Trustee,
as applicable, may make such arrangements for the compensation of such successor
out of payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess of that
permitted the Servicer as such hereunder. The Depositor, the Trustee, the Trust
Administrator, the Master Servicer and such successor shall take such action,
consistent with this Agreement, as shall be necessary to effectuate any such
succession. Pending appointment of a successor to the Servicer under this
Agreement the Master Servicer or the Trustee, as applicable, shall act in such
capacity as hereinabove provided.
Any
successor to the Servicer, including the Master Servicer or the Trustee, as
applicable, shall during the term of its service as servicer continue to service
and administer the Mortgage Loans for the benefit of Certificateholders, and
maintain in force a policy or policies of insurance covering errors and
omissions in the performance of its obligations as Servicer hereunder and a
fidelity bond in respect of its officers, employees and agents to the same
extent as the Servicer is so required pursuant to Section 3.14.
(c) Notwithstanding
any provision in this Agreement to the contrary, for a period of 30 days
following the date on which the Servicer shall have received a notice of a
Servicer Event of Default pursuant to Section 7.01, or a default under a loan
agreement pursuant to Section 6.04 or a Servicer resignation pursuant to Section
6.04, the terminated Servicer or its designee may appoint a successor servicer
that satisfies the eligibility criteria of a successor servicer set forth above;
provided that such successor servicer agrees to fully effect the servicing
transfer within 90 days following the termination of the Servicer and to make
all Advances that would otherwise be made by the Master Servicer or the Trustee,
as applicable, under Section 7.01 as of the date of such appointment. Any
proceeds received in connection with the appointment of such successor servicer
(after deduction of any expenses incurred in connection with the servicing
transfer) shall be the property of the terminated Servicer or its designee.
Notwithstanding the foregoing, in the event of a Servicer Event of Default
pursuant to Section 7.01(a)(vii), either (i) the Servicer shall remit the amount
of the required Advance by 3:00 p.m.
New York
time on the Business Day following the Servicer Remittance Date or (ii) by
3:00
p.m. New York time on the Business Day following the Servicer Remittance Date,
the Servicer shall have appointed a successor servicer that satisfies the
eligibility criteria of a successor servicer set forth above and that has
remitted the amount of the required Advance to the Trust Administrator. If
the
Servicer fails to adhere to the requirements set forth in the immediately
preceding sentence, the Master Servicer or the Trustee, as applicable, shall
be
the successor in all respects to the Servicer in its capacity as Servicer under
this Agreement and shall immediately assume the Servicer’s obligations to make
Advances. In no event shall the termination of the Servicer under this Agreement
result in any diminution of the Servicer’s right to reimbursement for any
outstanding Advances or Servicing Advances or accrued and unpaid Servicing
Fees
due such Servicer at the time of termination. Reimbursement of unreimbursed
Advances and Servicing Advances and accrued and unpaid Servicing Fees shall
be
made on a FIFO, loan-by-loan basis. The Servicer shall continue to be entitled
to the benefits of Section 6.03 hereof related to indemnification,
notwithstanding any termination hereunder.
(d) In
connection with the termination or resignation of the Servicer hereunder, either
(i) the successor servicer, including the Master Servicer or the Trustee, as
applicable, if the Master Servicer or the Trustee, as applicable, is acting
as
successor servicer, shall represent and warrant that it is a member of MERS
in
good standing and shall agree to comply in all material respects with the rules
and procedures of MERS in connection with the servicing of the Mortgage Loans
that are registered with MERS, in which case the predecessor servicer shall
cooperate with the successor servicer in causing MERS to revise its records
to
reflect the transfer of servicing to the successor servicer as necessary under
MERS’ rules and regulations, or (ii) the predecessor servicer shall cooperate
with the successor servicer in causing MERS to execute and deliver an assignment
of Mortgage in recordable form to transfer the Mortgage from MERS to the Master
Servicer or the Trustee, as applicable, and to execute and deliver such other
notices, documents and other instruments as may be necessary or desirable to
effect a transfer of such Mortgage Loan or servicing of such Mortgage Loan
on
the MERS® System to the successor servicer. The predecessor servicer shall file
or cause to be filed any such assignment in the appropriate recording office.
The predecessor servicer shall bear any and all fees of MERS, costs of preparing
any assignments of Mortgage, and fees and costs of filing any assignments of
Mortgage that may be required under this Section 7.02(d).
SECTION 7.03. |
Trustee
to Act; Appointment of Successor Master
Servicer.
|
(a) Upon
the
receipt by the Master Servicer of a notice of termination pursuant to
Section 7.01(b) or an Opinion of Counsel rendered by Independent counsel
pursuant to Section 6.05(b) to the effect that the Master Servicer is
legally unable to act or to delegate its duties to a Person which is legally
able to act, the Trustee shall automatically become the successor in all
respects to the Master Servicer in its capacity under this Agreement and the
transactions set forth or provided for herein and shall thereafter be subject
to
all the responsibilities, duties, liabilities and limitations on liabilities
relating thereto placed on the Master Servicer by the terms and provisions
hereof; provided, however, that the Trustee (i) shall have no obligation
whatsoever with respect to any liability (other than Advances deemed recoverable
and not previously made) incurred by the Master Servicer at or prior to the
time
of termination and (ii) shall not be obligated to perform any obligation of
the
Master Servicer under Section 3.20 or 3.21 with respect to any period of time
during which the Trustee was not the Master Servicer. As compensation therefor,
but subject to Section 6.05, the Trustee shall be entitled to compensation
which the Master Servicer would have been entitled to retain if the Master
Servicer had continued to act hereunder, except for those amounts due the Master
Servicer as reimbursement permitted under this Agreement for advances previously
made or expenses previously incurred. Notwithstanding the above, the Trustee
may, if it shall be unwilling so to act, or shall, if it is legally unable
so to
act, appoint or petition a court of competent jurisdiction to appoint, any
established housing and home finance institution which is a Xxxxxx Xxx- or
Xxxxxxx Mac-approved servicer, and with respect to a successor to the Master
Servicer only, having a net worth of not less than $10,000,000, as the successor
to the Master Servicer hereunder in the assumption of all or any part of the
responsibilities, duties or liabilities of the Master Servicer hereunder;
provided, that the Trustee shall obtain consent from the NIMS Insurer and a
letter or other evidence each Rating Agency that the ratings, if any, on each
of
the Certificates will not be lowered as a result of the selection of the
successor to the Master Servicer. Pending appointment of a successor to the
Master Servicer hereunder, the Trustee shall act in such capacity as hereinabove
provided. In connection with such appointment and assumption, the Trustee may
make such arrangements for the compensation of such successor out of payments
on
the Mortgage Loans as it and such successor shall agree; provided, however,
that
the provisions of Section 6.05 shall apply, the compensation shall not be
in excess of that which the Master Servicer would have been entitled to if
the
Master Servicer had continued to act hereunder, and that such successor shall
undertake and assume the obligations of the Trustee to pay compensation to
any
third Person acting as an agent or independent contractor in the performance
of
master servicing responsibilities hereunder. The Trustee and such successor
shall take such action, consistent with this Agreement, as shall be necessary
to
effectuate any such succession.
If
the
Master Servicer and the Trust Administrator are the same entity, then at any
time the Master Servicer resigns or is removed as Master Servicer, the Trust
Administrator shall also be removed hereunder. All reasonable Master Servicing
Transfer Costs shall be paid by the predecessor Master Servicer upon
presentation of reasonable documentation of such costs, and if such predecessor
Master Servicer defaults in its obligation to pay such costs, such costs shall
be paid by the successor Master Servicer or the Trustee (in which case the
successor Master Servicer or the Trustee, as applicable, shall be entitled
to
reimbursement therefor from the assets of the Trust Fund).
(b) If
the
Trustee shall succeed to any duties of the Master Servicer respecting the
Mortgage Loans as provided herein, it shall do so in a separate capacity and
not
in its capacity as Trustee and, accordingly, the provisions of Article VIII
shall be inapplicable to the Trustee in its duties as the successor to the
Master Servicer in the master servicing of the Mortgage Loans (although such
provisions shall continue to apply to the Trustee in its capacity as Trustee);
the provisions of Article VI, however, shall apply to it in its capacity as
successor Master Servicer.
SECTION 7.04. |
Notification
to Certificateholders.
|
(a) Upon
any
termination of a Servicer or the Master Servicer pursuant to Section 7.01
above or any appointment of a successor to a Servicer or Master Servicer
pursuant to Section 7.02 or Section 7.03 above, the Trust Administrator, or
in the event of the termination of the Master Servicer, the Trustee (or such
other successor Trust Administrator) shall give prompt written notice thereof
to
each Servicer, the Credit Risk Manager, the NIMS Insurer, the Master Servicer
and the Certificateholders at their respective addresses appearing in the
Certificate Register.
(b) Not
later
than the later of 60 days after the occurrence of any event, which constitutes
or which, with notice or lapse of time or both, would constitute a Servicer
Event of Default or a Master Servicer Event of Termination or five days after
a
Responsible Officer of the Trust Administrator (in the case of a Servicer Event
of Default) or the Trustee (in the case of a Master Servicer Event of
Termination) becomes aware of the occurrence of such an event, the Trust
Administrator or Trustee, as applicable, shall transmit by mail to the Credit
Risk Manager, the NIMS Insurer and to all Holders of Certificates notice of
each
such occurrence, unless such Servicer Event of Default or Master Servicer Event
of Termination shall have been cured or waived.
SECTION 7.05. |
Waiver
of Servicer Events of Default and Master Servicer Events of
Termination.
|
The
Holders representing at least 66% of the Voting Rights (with the consent of
the
NIMS Insurer) evidenced by all Classes of Certificates affected by any default,
Servicer Event of Default or Master Servicer Event of Termination hereunder
may
waive such default, Servicer Event of Default or Master Servicer Event of
Termination; provided, however, that a Servicer Event of Default under clause
(i) or (vi) of Section 7.01(a) or Master Servicer Event of Termination under
clause (i) or (vii) of Section 7.01(b) may be waived only by all of the
Holders of the Regular Certificates (with the consent of the NIMS Insurer).
Upon
any such waiver of a default, Servicer Event of Default or Master Servicer
Event
of Termination, such default, Servicer Event of Default or Master Servicer
Event
of Termination shall cease to exist and shall be deemed to have been remedied
for every purpose hereunder. No such waiver shall extend to any subsequent
or
other default, Servicer Event of Default or Master Servicer Event of Termination
or impair any right consequent thereon except to the extent expressly so waived.
Notice of any such waiver shall be given by the Trust Administrator or the
Trustee as applicable, to the Rating Agencies and the NIMS Insurer.
SECTION 7.06. |
Survivability
of Servicer and Master Servicer
Liabilities.
|
Notwithstanding
anything herein to the contrary, upon termination of a Servicer or the Master
Servicer hereunder, any liabilities
of
the related Servicer or the Master Servicer, as applicable, which accrued prior
to such termination shall survive such termination.
ARTICLE
VIII
CONCERNING
THE TRUSTEE AND THE TRUST ADMINISTRATOR
SECTION 8.01. |
Duties
of Trustee and Trust Administrator.
|
The
Trustee and the Trust Administrator, prior to the occurrence of a Servicer
Event
of Default or Master Servicer Event of Termination and after the curing of
all
Servicer Events of Default or Master Servicer Events of Termination which may
have occurred, undertakes to perform such duties and only such duties as are
specifically set forth in this Agreement. If a Servicer Event of Default or
Master Servicer Event of Termination has occurred (which has not been cured)
of
which a Responsible Officer has knowledge, each of the Trustee and the Trust
Administrator shall exercise such of the rights and powers vested in it by
this
Agreement, and use the same degree of care and skill in their exercise, as
a
prudent man would exercise or use under the circumstances in the conduct of
his
own affairs.
Each
of
the Trustee and the Trust Administrator, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or other
instruments furnished to it which are specifically required to be furnished
pursuant to any provision of this Agreement, shall examine them to determine
whether they conform to the requirements of this Agreement; provided, however,
that neither the Trustee nor the Trust Administrator will be responsible for
the
accuracy or content of any such resolutions, certificates, statements, opinions,
reports, documents or other instruments. If any such instrument is found not
to
conform to the requirements of this Agreement in a material manner the Trustee
or the Trust Administrator, as applicable, shall take such action as it deems
appropriate to have the instrument corrected, and if the instrument is not
corrected to the Trustee’s or the Trust Administrator’s satisfaction, the
Trustee or the Trust Administrator, as applicable, will provide notice thereof
to the Certificateholders and the NIMS Insurer.
No
provision of this Agreement shall be construed to relieve the Trustee or the
Trust Administrator from liability for its own negligent action, its own
negligent failure to act or its own misconduct; provided, however,
that:
(i) Prior
to
the occurrence of a Servicer Event of Default or Master Servicer Event of
Termination, and after the curing of all such Servicer Events of Default or
Master Servicer Events of Termination which may have occurred, the duties and
obligations of the Trustee and the Trust Administrator shall be determined
solely by the express provisions of this Agreement, the Trustee and the Trust
Administrator shall not be liable except for the performance of such duties
and
obligations as are specifically set forth in this Agreement, no implied
covenants or obligations shall be read into this Agreement against the Trustee
or the Trust Administrator and, in the absence of bad faith on the part of
the
Trustee or the Trust Administrator, as applicable, the Trustee or the Trust
Administrator, as applicable, may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon any
certificates or opinions furnished to the Trustee or the Trust Administrator,
as
the case may be, and conforming to the requirements of this
Agreement;
(ii) Neither
the Trustee nor the Trust Administrator shall be personally liable for an error
of judgment made in good faith by a Responsible Officer of the Trustee or the
Trust Administrator, as applicable, unless it shall be proved that the Trustee
or the Trust Administrator, as the case may be, was negligent in ascertaining
the pertinent facts;
(iii) Neither
the Trustee nor the Trust Administrator shall be personally liable with respect
to any action taken, suffered or omitted to be taken by it in good faith in
accordance with the direction of the NIMS Insurer or the Holders of Certificates
evidencing not less than 51% of the Voting Rights relating to the time, method
and place of conducting any proceeding for any remedy available to the Trustee
or the Trust Administrator, as applicable, or exercising or omitting to exercise
any trust or power conferred upon the Trustee, under this Agreement;
and
(iv) The
Trustee shall not be required to take notice or be deemed to have notice or
knowledge of any default, Servicer Event of Default or Master Servicer Event
of
Termination unless a Responsible Officer of the Trustee at the Corporate Trust
Office obtains actual knowledge of such failure or the Trustee receives written
notice of such failure from the Depositor, the Servicers or the Holders of
Certificates evidencing not less than 51% of the Voting Rights.
Neither
the Trustee nor the Trust Administrator shall be required to expend or risk
its
own funds or otherwise incur financial liability in the performance of any
of
its duties hereunder, or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of such funds or
adequate indemnity against such risk or liability is not reasonably assured
to
it, and none of the provisions contained in this Agreement shall in any event
require the Trustee to perform, or be responsible for the manner of performance
of, any of the obligations of the Master Servicer under this Agreement, except
during such time, if any, as the Trustee shall be the successor to, and be
vested with the rights, duties, powers and privileges of, the Master Servicer
in
accordance with the terms of this Agreement.
SECTION 8.02. |
Certain
Matters Affecting the Trustee and the Trust
Administrator
|
(a) Except
as
otherwise provided in Section 8.01:
(i) Either
the Trustee or the Trust Administrator may request and rely upon, and shall
be
protected in acting or refraining from acting upon, any resolution, Officers’
Certificate, certificate of auditors or any other certificate, statement,
instrument, opinion, report, notice, request, consent, order, appraisal, bond
or
other paper or document reasonably believed by it to be genuine and to have
been
signed or presented by the proper party or parties, and the manner of obtaining
consents and of evidencing the authorization of the execution thereof by
Certificateholders shall be subject to such reasonable regulations as the
Trustee or the Trust Administrator may prescribe;
(ii) Either
the Trustee or the Trust Administrator may consult with counsel and any Opinion
of Counsel shall be full and complete authorization and protection in respect
of
any action taken or suffered or omitted by it hereunder in good faith and in
accordance with such Opinion of Counsel;
(iii) Neither
the Trustee nor the Trust Administrator shall be under any obligation to
exercise any of the rights or powers vested in it by this Agreement, or to
institute, conduct or defend any litigation hereunder or in relation hereto,
at
the request, order or direction of any of the Certificateholders or the NIMS
Insurer, pursuant to the provisions of this Agreement, unless such
Certificateholders or the NIMS Insurer, as applicable, shall have offered to
the
Trustee or the Trust Administrator, as applicable, reasonable security or
indemnity against the costs, expenses and liabilities which may be incurred
therein or thereby; the right of the Trustee or the Trust Administrator to
perform any discretionary act enumerated in this Agreement shall not be
construed as a duty, and neither the Trustee nor the Trust Administrator shall
be answerable for other than its negligence or willful misconduct in the
performance of any such act; nothing contained herein shall, however, relieve
the Trustee of the obligation, upon the occurrence of a Master Servicer Event
of
Termination of which the Trustee has received written notice or of which a
Responsible Officer of the Trustee has actual knowledge (which has not been
cured or waived), to exercise such of the rights and powers vested in it by
this
Agreement, and to use the same degree of care and skill in their exercise,
as a
prudent person would exercise under the circumstances in the conduct of his
own
affairs;
(iv) Prior
to
the occurrence of a Servicer Event of Default or Master Servicer Event of
Termination hereunder and after the curing or waiver of all Servicer Events
of
Default or Master Servicer Events of Termination which may have occurred,
neither the Trustee nor the Trust Administrator shall be personally liable
for
any action taken, suffered or omitted by it in good faith and believed by it
to
be authorized or within the discretion or rights or powers conferred upon it
by
this Agreement;
(v) Prior
to
the occurrence of a Servicer Event of Default or Master Servicer Event of
Termination and after the curing of all Servicer Events of Default or Master
Servicer Events of Termination which may have occurred, neither the Trustee
nor
the Trust Administrator shall be bound to make any investigation into the facts
or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, consent, order, approval, bond or other paper
or documents, unless requested in writing to do so by the NIMS Insurer or the
Holders of Certificates entitled to at least 25% of the Voting Rights; provided,
however, that if the payment within a reasonable time to the Trustee or the
Trust Administrator, as applicable, of the costs, expenses or liabilities likely
to be incurred by it in the making of such investigation is, in the opinion
of
the Trustee or the Trust Administrator, as applicable, not reasonably assured
to
the Trustee or the Trust Administrator, as applicable, by the security afforded
to it by the terms of this Agreement, the Trustee or the Trust Administrator,
as
applicable, may require reasonable indemnity against such cost, expense or
liability as a condition to such proceeding; and
(vi) Either
the Trustee or the Trust Administrator may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or through
agents or attorneys, custodians or nominees.
(b) All
rights of action under this Agreement or under any of the Certificates,
enforceable by the Trustee, may be enforced by it without the possession of
any
of the Certificates, or the production thereof at the trial or other proceeding
relating thereto, and any such suit, action or proceeding instituted by the
Trustee shall be brought in its name for the benefit of all the Holders of
such
Certificates, subject to the provisions of this Agreement.
SECTION 8.03. |
Neither
Trustee nor Trust Administrator Liable for Certificates or Mortgage
Loans.
|
The
recitals contained herein and in the Certificates (other than the signature
of
the Trust Administrator, the authentication of the Trust Administrator on the
Certificates, the acknowledgments of the Trustee contained in Article II and
the
representations and warranties of the Trustee and the Trust Administrator in
Section 8.13) shall be taken as the statements of the Depositor and neither
the Trustee nor the Trust Administrator assumes any responsibility for their
correctness. Neither the Trustee nor the Trust Administrator makes any
representations or warranties as to the validity or sufficiency of this
Agreement (other than as specifically set forth in Section 8.12) or of the
Certificates (other than the signature of the Trust Administrator and
authentication of the Trust Administrator on the Certificates) or of any
Mortgage Loan or related document. Neither the Trustee nor the Trust
Administrator shall be accountable for the use or application by the Depositor
of any of the Certificates or of the proceeds of such Certificates, or for
the
use or application of any funds paid to the Depositor, the Servicers or the
Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn
from the Collection Account by the Servicers or the Distribution Account by
the
Master Servicer.
SECTION 8.04. |
Trustee
and Trust Administrator May Own
Certificates.
|
Each
of
the Trustee and the Trust Administrator in its individual capacity or any other
capacity may become the owner or pledgee of Certificates with the same rights
it
would have if it were not Trustee or Trust Administrator, as applicable. Each
of
the Trustee and the Trust Administrator in its individual capacity or any other
capacity may transact any banking and trust business with the Originator, the
Servicers, the Depositor or their Affiliates.
SECTION 8.05. |
Trust
Administrator’s and Trustee’s Fees and
Expenses.
|
On
each
Distribution Date, the Trust Administrator shall be entitled to compensation
as
separately agreed with the Master Servicer. The annual fees of the Trustee
hereunder and of the Custodian shall be paid in accordance with side letter
agreements with the Trust Administrator and at the sole expense of the Trust
Administrator. The Trustee, the Trust Administrator or any director, officer,
employee or agent of any of them, shall be indemnified by the Trust Fund and
held harmless against any loss, liability or expense (not including expenses
and
disbursements incurred or made by the Trustee or the Trust Administrator,
including the compensation and the expenses and disbursements of its agents
and
counsel, in the ordinary course of the Trustee’s or the Trust Administrator’s
performance in accordance with the provisions of this Agreement) incurred by
the
Trustee or by the Trust Administrator arising out of or in connection with
the
acceptance or administration of the obligations and duties of the Trustee or
the
Trust Administrator under this Agreement, other than any loss, liability or
expense (i) resulting from a breach of a Servicer’s or the Master Servicer’s
obligations and duties under this Agreement for which the Trustee or the Trust
Administrator, as applicable, is indemnified under this Agreement or (ii) any
loss, liability or expense incurred by reason of willful misfeasance, bad faith
or negligence of the Trustee or of the Trust Administrator, as applicable,
in
the performance of its duties hereunder or by reason of the Trustee’s or the
Trust Administrator’s, as applicable, reckless disregard of obligations and
duties hereunder or as a result of a breach of the Trustee’s or the Trust
Administrator’s, as applicable, obligations under Article X hereof. Any amounts
payable to the Trustee, the Trust Administrator or any director, officer,
employee or agent of the Trustee or the Trust Administrator, in respect of
the
indemnification provided by this Section 8.05, or pursuant to any other
right of reimbursement from the Trust Fund that the Trustee, the Trust
Administrator or any director, officer, employee or agent of the Trustee or
the
Trust Administrator, may have hereunder in its capacity as such, may be
withdrawn by the Trust Administrator for payment to the applicable indemnified
Person from the Distribution Account at any time. The foregoing indemnity shall
survive the resignation or removal of the Trustee or the Trust
Administrator.
SECTION 8.06. |
Eligibility
Requirements for Trustee and Trust
Administrator.
|
Each
of
the Trustee and the Trust Administrator hereunder shall at all times be an
entity duly organized and validly existing under the laws of the United States
of America or any state thereof, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal or state
authority. If such entity publishes reports of condition at least annually,
pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section 8.06, the combined capital
and surplus of such entity shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. The
principal offices of each of the Trustee and the Trust Administrator (other
than
the initial Trustee and initial Trust Administrator) shall be in a state with
respect to which an Opinion of Counsel has been delivered to such Trustee or
Trust Administrator, as applicable, at the time such Trustee or Trust
Administrator, as applicable, is appointed Trustee or Trust Administrator,
as
applicable, to the effect that the Trust will not be a taxable entity under
the
laws of such state. In case at any time the Trustee or the Trust Administrator
shall cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee or the Trust Administrator, as applicable, shall
resign immediately in the manner and with the effect specified in
Section 8.07.
SECTION 8.07. |
Resignation
and Removal of the Trustee or Trust
Administrator.
|
The
Trustee or the Trust Administrator may at any time resign and be discharged
from
the trusts hereby created by giving written notice thereof to the Depositor,
the
NIMS Insurer, the Servicers, the Master Servicer, each Rating Agency and, if
the
Trustee is resigning, to the Trust Administrator, or, if the Trust Administrator
is resigning, to the Trustee. Upon receiving such notice of resignation, the
Depositor shall promptly appoint a successor Trustee or Trust Administrator,
(which may be the same Person in the event both the Trustee and the Trust
Administrator resign or are removed) acceptable to the NIMS Insurer by written
instrument, in duplicate, one copy of which instrument shall be delivered to
the
resigning Trustee or Trust Administrator, as applicable, and one copy to the
successor Trustee or Trust Administrator. If no successor Trustee or Trust
Administrator, as applicable, shall have been so appointed and having accepted
appointment within 30 days after the giving of such notice of resignation,
the
resigning Trustee or Trust Administrator may petition any court of competent
jurisdiction for the appointment of a successor Trustee or Trust Administrator,
as applicable.
If
the
Trust Administrator and the Master Servicer are the same entity, then at any
time the Trust Administrator resigns or is removed as Trust Administrator,
the
Master Servicer shall also be removed hereunder.
If
at any
time the Trustee or the Trust Administrator shall cease to be eligible in
accordance with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Depositor or the NIMS Insurer (or in
the
case of the Trust Administrator, the Trustee), or if at any time the Trustee
or
the Trust Administrator shall be legally unable to act, or shall be adjudged
bankrupt or insolvent, or a receiver of the Trustee or the Trust Administrator
or of its property shall be appointed, or any public officer shall take charge
or control of the Trustee or the Trust Administrator or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation, then
the
Depositor, the NIMS Insurer, the Servicers or the Master Servicer may remove
the
Trustee or the Trust Administrator, as applicable. If the Depositor, a Servicer
or the Master Servicer removes the Trustee or the Trust Administrator under
the
authority of the immediately preceding sentence, the Depositor shall promptly
appoint a successor Trustee or Trust Administrator, as applicable, acceptable
to
the NIMS Insurer, by written instrument, in duplicate, one copy of which
instrument shall be delivered to the Trustee or Trust Administrator so removed
and one copy to the successor Trustee or Trust Administrator.
The
Holders of Certificates entitled to at least 51% of the Voting Rights (or the
NIMS Insurer upon failure of the Trustee to perform its obligations hereunder)
may at any time remove the Trustee or the Trust Administrator and appoint a
successor trustee acceptable to the NIMS Insurer, by written instrument or
instruments, in triplicate, signed by such Holders or their attorneys-in-fact
duly authorized, one complete set of which instruments shall be delivered to
the
Depositor, one complete set to the Trustee or Trust Administrator so removed
and
one complete set to the successor so appointed. A copy of such instrument shall
be delivered to the Certificateholders, the Servicers and the Master Servicer
by
the Depositor.
The
Trust
Administrator (i) may not be the Originator, the Servicer, the Depositor or
an
affiliate of the Depositor unless the Trust Administrator is an institutional
trust department, (ii) must be authorized to exercise corporate trust powers
under the laws of its jurisdiction of organization, and (iii) must be rated
at
least “A/F1” by Fitch Ratings Inc. (“Fitch”), if Fitch is a Rating Agency, or
the equivalent rating by S&P or Xxxxx’x, or such other rating as is
acceptable to Fitch as evidenced by a Rating Agency confirmation. If no
successor Trust Administrator shall have been appointed and shall have accepted
appointment within 60 days after the Trust Administrator ceases to be the Trust
Administrator pursuant to this Section 8.07, then the Trustee shall perform
the duties of the Trust Administrator pursuant to this Agreement. The Trustee
shall notify the Rating Agencies of any change of Trust
Administrator.
Any
resignation or removal of the Trustee or Trust Administrator and appointment
of
a successor Trustee or Trust Administrator pursuant to any of the provisions
of
this Section shall not become effective until acceptance of appointment by
the successor trustee as provided in Section 8.08.
Notwithstanding
anything to the contrary contained herein, the Master Servicer and the Trust
Administrator shall at all times be the same Person.
SECTION 8.08. |
Successor
Trustee or Trust Administrator.
|
Any
successor Trustee or Trust Administrator appointed as provided in
Section 8.07 shall execute, acknowledge and deliver to the Depositor, the
NIMS Insurer, the Servicers, the Master Servicer and to its predecessor Trustee
or Trust Administrator an instrument accepting such appointment hereunder,
and
thereupon the resignation or removal of the predecessor Trustee or Trust
Administrator shall become effective, and such successor Trustee or Trust
Administrator, without any further act, deed or conveyance, shall become fully
vested with all the rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee or Trust
Administrator. The Depositor and the predecessor Trustee or Trust Administrator
shall execute and deliver such instruments and do such other things as may
reasonably be required for fully and certainly vesting and confirming in the
successor Trustee or Trust Administrator all such rights, powers, duties and
obligations.
No
successor Trustee or Trust Administrator shall accept appointment as provided
in
this Section 8.08 unless at the time of such acceptance such successor
Trustee or Trust Administrator shall be eligible under the provisions of
Section 8.06 and the appointment of such successor Trustee or Trust
Administrator shall not result in a downgrading of the Regular Certificates
by
any Rating Agency, as evidenced by a letter from each Rating
Agency.
Upon
acceptance of appointment by a successor Trustee or Trust Administrator as
provided in this Section 8.08, the successor Trustee or Trust Administrator
shall mail notice of the appointment of a successor Trustee or Trust
Administrator hereunder to all Holders of Certificates at their addresses as
shown in the Certificate Register and to each Rating Agency.
SECTION 8.09. |
Merger
or Consolidation of Trustee or Trust
Administrator.
|
Any
entity into which the Trustee or the Trust Administrator may be merged or
converted or with which it may be consolidated, or any entity resulting from
any
merger, conversion or consolidation to which the Trustee or the Trust
Administrator shall be a party, or any entity succeeding to the business of
the
Trustee or Trust Administrator, shall be the successor of the Trustee or the
Trust Administrator hereunder, as applicable, provided such entity shall be
eligible under the provisions of Section 8.06 and 8.08, without the
execution or filing of any paper or any further act on the part of any of the
parties hereto, anything herein to the contrary notwithstanding.
SECTION 8.10. |
Appointment
of Co-Trustee or Separate Trustee.
|
Notwithstanding
any other provisions hereof, at any time, for the purpose of meeting any legal
requirements of any jurisdiction in which any part of REMIC I or property
securing the same may at the time be located, the Trustee shall have the power
and shall execute and deliver all instruments to appoint one or more Persons
approved by the Trustee and the NIMS Insurer to act as co-trustee or
co-trustees, jointly with the Trustee, or separate trustee or separate trustees,
of all or any part of REMIC I, and to vest in such Person or Persons, in such
capacity, such title to REMIC I, or any part thereof, and, subject to the other
provisions of this Section 8.10, such powers, duties, obligations, rights
and trusts as the Trustee may consider necessary or desirable. Any such
co-trustee or separate trustee shall be subject to the written approval of
the
NIMS Insurer. If the NIMS Insurer shall not have joined in such appointment
within 15 days after the receipt by it of a request to do so, the Trustee alone
shall have the power to make such appointment. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a successor
trustee under Section 8.06 hereunder and no notice to Holders of
Certificates of the appointment of co-trustee(s) or separate trustee(s) shall
be
required under Section 8.08 hereof.
In
the
case of any appointment of a co-trustee or separate trustee pursuant to this
Section 8.10 all rights, powers, duties and obligations conferred or
imposed upon the Trustee shall be conferred or imposed upon and exercised or
performed by the Trustee and such separate trustee or co-trustee jointly, except
to the extent that under any law of any jurisdiction in which any particular
act
or acts are to be performed by the Trustee (whether as Trustee hereunder or
as
successor to a defaulting Master Servicer hereunder), the Trustee shall be
incompetent or unqualified to perform such act or acts, in which event such
rights, powers, duties and obligations (including the holding of title to REMIC
I or any portion thereof in any such jurisdiction) shall be exercised and
performed by such separate trustee or co-trustee at the direction of the
Trustee.
Any
notice, request or other writing given to the Trustee shall be deemed to have
been given to each of the then separate trustees and co-trustees, as effectively
as if given to each of them. Every instrument appointing any separate trustee
or
co-trustee shall refer to this Agreement and the conditions of this Article
VIII. Each separate trustee and co-trustee, upon its acceptance of the trust
conferred, shall be vested with the estates or property specified in its
instrument of appointment, either jointly with the Trustee, or separately,
as
may be provided therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating to the conduct
of, affecting the liability of, or affording protection to, the Trustee. Every
such instrument shall be filed with the Trustee and a copy thereof given to
the
NIMS Insurer.
Any
separate trustee or co-trustee may, at any time, constitute the Trustee, its
agent or attorney-in-fact, with full power and authority, to the extent not
prohibited by law, to do any lawful act under or in respect of this Agreement
on
its behalf and in its name. If any separate trustee or co-trustee shall die,
become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the
Trustee, to the extent permitted by law, without the appointment of a new or
successor trustee or co-trustee.
SECTION 8.11. |
Appointment
of Office or Agency; Appointment of
Custodian.
|
The
Trust
Administrator will appoint an office or agency in the City of Minneapolis,
Minnesota where the Certificates may be surrendered for registration of transfer
or exchange, and presented for final distribution, and where notices and demands
to or upon the Trust Administrator in respect of the Certificates and this
Agreement may be served.
The
Trustee may, with the consent of the Depositor, the Servicers, the Master
Servicer and the NIMS Insurer, appoint a Custodian to hold all or a portion
of
the Mortgage Files as agent for the Trustee, by entering into a Custodial
Agreement. The appointment of the Custodian may at any time be terminated and
a
substitute Custodian appointed therefor upon the reasonable request of a
Servicer, the Master Servicer or the NIMS Insurer to the Trustee, the consent
to
which shall not be unreasonably withheld. Xxxxx Fargo is hereby appointed as
Custodian, and the Depositor, the Servicers and the Master Servicer each consent
to such appointment. The Custodian shall be a depository institution or trust
company subject to supervision by federal or state authority, shall have
combined capital and surplus of at least $10,000,000 and shall be qualified
to
do business in the jurisdiction in which it holds any Mortgage File.
SECTION 8.12. |
Representations
and Warranties.
|
Each
of
the Trustee, the Custodian and the Trust Administrator hereby represents and
warrants to the Servicers, the Master Servicer and the Depositor, as of the
Closing Date, that:
(i) It
is a
national banking association duly organized, validly existing and in good
standing under the laws of the United States of America.
(ii) The
execution and delivery of this Agreement by it, and the performance and
compliance with the terms of this Agreement by it, will not violate its articles
of association or bylaws or constitute a default (or an event which, with notice
or lapse of time, or both, would constitute a default) under, or result in
the
breach of, any material agreement or other instrument to which it is a party
or
which is applicable to it or any of its assets.
(iii) It
has
the full power and authority to enter into and consummate all transactions
contemplated by this Agreement, has duly authorized the execution, delivery
and
performance of this Agreement, and has duly executed and delivered this
Agreement.
(iv) This
Agreement, assuming due authorization, execution and delivery by the other
parties hereto, constitutes a valid, legal and binding obligation of it,
enforceable against it in accordance with the terms hereof, subject to (A)
applicable bankruptcy, insolvency, receivership, reorganization, moratorium
and
other laws affecting the enforcement of creditors’ rights generally, and (B)
general principles of equity, regardless of whether such enforcement is
considered in a proceeding in equity or at law.
(v) It
is not
in violation of, and its execution and delivery of this Agreement and its
performance and compliance with the terms of this Agreement will not constitute
a violation of, any law, any order or decree of any court or arbiter, or any
order, regulation or demand of any federal, state or local governmental or
regulatory authority, which violation, in its good faith and reasonable
judgment, is likely to affect materially and adversely either the ability of
it
to perform its obligations under this Agreement or its financial
condition.
(vi) No
litigation is pending or, to the best of its knowledge, threatened against
it,
which would prohibit it from entering into this Agreement or, in its good faith
reasonable judgment, is likely to materially and adversely affect either the
ability of it to perform its obligations under this Agreement or its financial
condition.
ARTICLE
IX
TERMINATION
SECTION 9.01. |
Termination
Upon Repurchase or Liquidation of All Mortgage
Loans.
|
(a) Subject
to Section 9.02, the respective obligations and responsibilities under this
Agreement of the Depositor, the Servicers, the Master Servicer, the Trust
Administrator and the Trustee (other than the indemnification obligations of
the
Servicers and the Master Servicer pursuant to Section 6.03 and of the
Servicers to make remittances to the Trust Administrator and the Trust
Administrator to make payments in respect of the REMIC I Regular Interests
and
the Classes of Certificates as hereinafter set forth) shall terminate upon
payment to the Certificateholders and the deposit of all amounts held by or
on
behalf of the Trust Administrator and required hereunder to be so paid or
deposited on the Distribution Date coinciding with or following the earlier
to
occur of (i) the purchase by the Terminator (as defined below) of all Mortgage
Loans and each REO Property remaining in REMIC I and (ii) the final payment
or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan or REO Property remaining in REMIC I; provided, however, that in no event
shall the trust created hereby continue beyond the earlier of (i) the expiration
of 21 years from the death of the last survivor of the descendants of Xxxxxx
X.
Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx,
living on the date hereof and (ii) the Latest Possible Maturity Date as defined
in the Preliminary Statement. Subject to Section 3.10 hereof, the purchase
by the Terminator of all Mortgage Loans and each REO Property remaining in
REMIC
I shall be at a price (the “Termination Price”) equal to the greater of (i) the
Stated Principal Balance of the Mortgage Loans and the appraised value of any
REO Properties, such appraisal to be conducted by an Independent appraiser
mutually agreed upon by the Terminator and the Trust Administrator in their
reasonable discretion and (ii) the fair market value of all of the assets of
REMIC I (as determined by the Terminator and the Trust Administrator, as of
the
close of business on the third Business Day next preceding the date upon which
notice of any such termination is furnished to Certificateholders pursuant
to
clause (c) of this Section 9.01) in each case, plus accrued and unpaid
interest thereon at the weighted average of the Mortgage Rates through the
end
of the Due Period preceding the final Distribution Date plus unreimbursed
Advances, Servicing Advances, any unpaid Servicing Fees and Administration
Fees
allocable to such Mortgage Loans and REO Properties and any other amounts owed
to the Servicers, the Master Servicer, the Trust Administrator or the Trustee
under this Agreement, any accrued and unpaid Net WAC Rate Carryover Amount
and
any Swap Termination Payment payable to the Swap Provider then remaining unpaid
or which is due to the exercise of such option; provided, however, such option
may only be exercised if (i) the Termination Price is sufficient to pay all
interest accrued on, as well as amounts necessary to retire the principal
balance of, each class of notes issued pursuant to the Indenture and any
remaining amounts owed to the trustee under the Indenture and the NIMS Insurer
on the date such notes are retired and (ii) the fair market value of the
Mortgage Loans and REO Properties determined as described above is at least
equal to the Stated Principal Balance of the Mortgage Loans (after giving effect
to scheduled payments of principal due during the related Due Period, to the
extent received or advanced, and unscheduled collections of principal received
during the related Prepayment Period) and the appraised value of the REO
Properties.
(b) The
majority holder of the Class CE Certificates (so long as such Holder is not
the
Seller or an affiliate of the Seller), or if such majority holder fails to
exercise such right, the Master Servicer, shall have the right (the party
exercising such right, the “Terminator”), to purchase all of the Mortgage Loans
and each REO Property remaining in REMIC I pursuant to clause (i) of the
preceding paragraph no later than the Determination Date in the month
immediately preceding the Distribution Date on which the Certificates will
be
retired; provided, however, that the Terminator may elect to purchase all of
the
Mortgage Loans and each REO Property remaining in REMIC I pursuant to clause
(i)
above only if the aggregate Stated Principal Balance of the Mortgage Loans
and
each REO Property remaining in the Trust Fund at the time of such election
is
equal to or less than 10% of the aggregate Stated Principal Balance of the
Mortgage Loans as of the Cut-off Date. In addition, to the extent that the
Terminator has not exercised such option, the JPMorgan or if JPMorgan fails
to
exercise such right, the NIMS Insurer, may purchase all of the Mortgage Loans
and any REO Properties and retire the Certificates when the aggregate Stated
Principal Balance of the Mortgage Loans and any REO Properties is equal to
or
less than 5% of the aggregate Stated Principal Balance of the Mortgage Loans
as
of the Cut-off Date. By acceptance of the Residual Certificates, the Holder
of
the Residual Certificates agrees for so long as any notes insured by the NIMS
Insurer and secured by all or a portion of the Class CE, Class P, Class R or
Class R-X Certificates are outstanding, in connection with any termination
hereunder, to assign and transfer any amounts in excess of par, and to the
extent received in respect of such termination, to pay any such amounts to
the
Holders of the Class CE Certificates.
(c) Notice
of
the liquidation of the Certificates shall be given promptly by the Trust
Administrator by letter to Certificateholders and the NIMS Insurer mailed (a)
in
the event such notice is given in connection with the purchase of the Mortgage
Loans and each REO Property by the Terminator, not earlier than the
10th
day and
not later than the 20th
day of
the month next preceding the month of the final distribution on the Certificates
or (b) otherwise during the month of such final distribution on or before the
Determination Date in such month, in each case specifying (i) the Distribution
Date upon which the Trust Fund will terminate and the final payment in respect
of the REMIC I Regular Interests and the Certificates will be made upon
presentation and surrender of the related Certificates at the office of the
Trust Administrator therein designated, (ii) the amount of any such final
payment, (iii) that no interest shall accrue in respect of the REMIC I Regular
Interests or the Certificates from and after the Accrual Period relating to
the
final Distribution Date therefor and (iv) that the Record Date otherwise
applicable to such Distribution Date is not applicable, payments being made
only
upon presentation and surrender of the Certificates at the office of the Trust
Administrator. In the event such notice is given in connection with the purchase
of all of the Mortgage Loans and each REO Property remaining in REMIC I by
the
Terminator, the Terminator shall deliver to the Trust Administrator for deposit
in the Distribution Account not later than the last Business Day of the month
next preceding the month of the final distribution on the Certificates an amount
in immediately available funds equal to the Termination Price. The Trust
Administrator shall remit to the Servicers from such funds deposited in the
Distribution Account (i) any amounts which the Servicers would be permitted
to
withdraw and retain from the Collection Account pursuant to Section 3.11 and
(ii) any other amounts otherwise payable by the Trust Administrator to the
Servicers from amounts on deposit in the Distribution Account pursuant to the
terms of this Agreement, in each case prior to making any final distributions
pursuant to Section 9.01(d) below. Upon certification to the Trustee and the
Trust Administrator by the Terminator of the making of such final deposit,
the
Trust Administrator shall promptly release to the Terminator the Mortgage Files
for the remaining Mortgage Loans, and the Trustee shall execute all assignments,
endorsements and other instruments necessary to effectuate such
transfer.
(d) Upon
presentation of the Certificates by the Certificateholders on the final
Distribution Date, the Trust Administrator shall distribute to each
Certificateholder so presenting and surrendering its Certificates the amount
otherwise distributable on such Distribution Date in accordance with
Section 4.01 in respect of the Certificates so presented and surrendered.
Any funds not distributed to any Holder or Holders of Certificates being retired
on such Distribution Date because of the failure of such Holder or Holders
to
tender their Certificates shall, on such date, be set aside and held in trust
and credited to the account of the appropriate non-tendering Holder or Holders.
If any Certificates as to which notice has been given pursuant to this
Section 9.01 shall not have been surrendered for cancellation within six
months after the time specified in such notice, the Trust Administrator shall
mail a second notice to the remaining non-tendering Certificateholders to
surrender their Certificates for cancellation in order to receive the final
distribution with respect thereto. If within one year after the second
notice all such Certificates shall not have been surrendered for cancellation,
the Trust Administrator shall, directly or through an agent, mail a final notice
to the remaining non-tendering Certificateholders concerning surrender of their
Certificates. The costs and expenses of maintaining the funds in trust and
of
contacting such Certificateholders shall be paid out of the assets remaining
in
the Trust Fund. If within one year after the final notice any such Certificates
shall not have been surrendered for cancellation, the Trust Administrator shall
pay to UBS Securities LLC all such amounts, and all rights of non-tendering
Certificateholders in or to such amounts shall thereupon cease. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust
by the Trust Administrator as a result of such Certificateholder’s failure to
surrender its Certificate(s) for final payment thereof in accordance with this
Section 9.01. Any such amounts held in trust by the Trust Administrator
shall be held in an Eligible Account and the Trust Administrator may direct
any
depository institution maintaining such account to invest the funds in one
or
more Permitted Investments. All income and gain realized from the investment
of
funds deposited in such accounts held in trust by the Trust Administrator shall
be for the benefit of the Trust Administrator; provided, however, that the
Trust
Administrator shall deposit in such account the amount of any loss of principal
incurred in respect of any such Permitted Investment made with funds in such
accounts immediately upon the realization of such loss.
Immediately
following the deposit of funds in trust hereunder in respect of the
Certificates, the Trust Fund shall terminate.
SECTION 9.02. |
Additional
Termination Requirements.
|
(a) In
the
event that the Terminator purchases all the Mortgage Loans and each REO Property
or the final payment on or other liquidation of the last Mortgage Loan or REO
Property remaining in REMIC I pursuant to Section 9.01, the Trust Fund
shall be terminated in accordance with the following additional requirements,
unless the Trust Administrator and the Servicers have received an Opinion of
Counsel, which Opinion of Counsel shall be at the expense of the Terminator
(or
in connection with a termination resulting from the final payment on or other
liquidation of the last Mortgage Loan or REO Property remaining in REMIC I,
which Opinion of Counsel shall be at the expense of the person seeking
nonadherence to the following additional requirements but which in no event
shall be at the expense of the Trust Fund or, unless it is the person seeking
nonadherence to the following additional requirements, the Servicers or the
Trust Administrator), to the effect that the failure of REMIC I to comply with
such additional requirements of this Section 9.02 will not (A) result in
the imposition on the Trust Fund of taxes on “prohibited transactions,” as
described in Section 860F of the Code, or (B) cause REMIC I to fail to
qualify as a REMIC at any time that any Certificate is outstanding:
(i) The
Trust
Administrator shall specify the first day in the 90-day liquidation period
in a
statement attached to each Trust REMIC’s final Tax Return pursuant to Treasury
regulation Section 1.860F-1 and shall satisfy all requirements of a
qualified liquidation under Section 860F of the Code and any regulations
thereunder, as evidenced by an Opinion of Counsel obtained at the expense of
the
Terminator;
(ii) During
such 90-day liquidation period and, at or prior to the time of making of the
final payment on the Certificates, the Trustee shall sell all of the assets
of
REMIC I to the Terminator for cash; and
(iii) At
the
time of the making of the final payment on the Certificates, the Trust
Administrator shall distribute or credit, or cause to be distributed or
credited, to the Holders of the Residual Certificates all cash on hand in the
Trust Fund (other than cash retained to meet claims), and the Trust Fund shall
terminate at that time.
(b) At
the
expense of the Terminator, the Depositor shall prepare or cause to be prepared
the documentation required in connection with the adoption of a plan of
liquidation of each Trust REMIC pursuant to this Section 9.02.
(c) By
their
acceptance of Certificates, the Holders thereof hereby agree to authorize the
Trust Administrator to specify the 90-day liquidation period for each Trust
REMIC, which authorization shall be binding upon all successor
Certificateholders.
ARTICLE
X
REMIC
PROVISIONS
SECTION 10.01. |
REMIC
Administration.
|
(a) The
Trustee shall elect to treat each Trust REMIC as a REMIC under the Code and,
if
necessary, under applicable state law. Each such election will be made by the
Trustee on Form 1066 or other appropriate federal tax or information return
or
any appropriate state return for the taxable year ending on the last day of
the
calendar year in which the Certificates are issued. For the purposes of the
REMIC election in respect of REMIC I, the REMIC I Regular Interests shall be
designated as the Regular Interests in REMIC I and the Class R-I Interest shall
be designated as the Residual Interest in REMIC I. For the purposes of the
REMIC
election in respect of REMIC II, the REMIC II Regular Interests shall be
designated as the Regular Interests in REMIC II and the Class R-II Interest
shall be designated as the Residual Interest in REMIC II. The Class A
Certificates, the Mezzanine Certificates, the Class CE Interest, the Class
P
Interest, the Class Swap-IO-1 Interest and the Class Swap-IO-2 Interest shall
be
designated as the Regular Interests in REMIC III and the Class R-III Interest
shall be designated as the Residual Interest in REMIC III. The CE Certificates
shall be designated as the Regular Interests in REMIC IV and the Class R-IV
Interest shall be designated as the Residual Interest in REMIC IV. The P
Certificates shall be designated as the Regular Interests in REMIC V and the
Class R-V Interest shall be designated as the Residual Interest in REMIC V.
REMIC VI Regular Interest SWAP-IO-1 shall be designated as the Regular Interests
in REMIC VI and the Class R-VI Interest shall be designated as the Residual
Interest in REMIC VI. REMIC VII Regular Interest SWAP-IO-2 shall be designated
as the Regular Interests in REMIC VII and the Class R-VII Interest shall be
designated as the Residual Interest in REMIC VII. The Trustee shall not permit
the creation of any “interests” in any Trust REMIC (within the meaning of
Section 860G of the Code) other than the interests identified above as Regular
Interests or Residual Interests in REMIC I, REMIC II, REMIC III, REMIC IV,
REMIC
V, REMIC VI or REMIC VII.
(b) The
Closing Date is hereby designated as the “Startup Day” of each Trust REMIC
within the meaning of Section 860G(a)(9) of the Code.
(c) The
Trust
Administrator shall be reimbursed for any and all expenses relating to any
tax
audit of the Trust Fund (including, but not limited to, any professional fees
or
any administrative or judicial proceedings with respect to any Trust REMIC
that
involve the Internal Revenue Service or state tax authorities), including the
expense of obtaining any tax related Opinion of Counsel except as specified
herein. The Trust Administrator, as agent for each Trust REMIC’s tax matters
person shall (i) act on behalf of the Trust Fund in relation to any tax matter
or controversy involving any Trust REMIC and (ii) represent the Trust Fund
in
any administrative or judicial proceeding relating to an examination or audit
by
any governmental taxing authority with respect thereto. The holder of the
largest Percentage Interest of the Residual Certificates shall be designated,
in
the manner provided under Treasury Regulations Section 1.860F-4(d) and Treasury
Regulations Section 301.6231(a)(7)-1, as the tax matters person of the related
REMIC created hereunder. By their acceptance thereof, the holder of the largest
Percentage Interest of the Residual Certificates hereby agrees to irrevocably
appoint the Trust Administrator or an Affiliate as its agent to perform all
of
the duties of the tax matters person for the Trust Fund.
(d) The
Trust
Administrator shall prepare, sign and file all of the Tax Returns (including
Form 8811, which must be filed within 30 days following the Closing Date) in
respect of each Trust REMIC. The expenses of preparing and filing such returns
shall be borne by the Trust Administrator without any right of reimbursement
therefor.
(e) The
Trust
Administrator shall perform on behalf of each Trust REMIC all reporting and
other tax compliance duties that are the responsibility of such REMIC under
the
Code, the REMIC Provisions or other compliance guidance issued by the Internal
Revenue Service or any state or local taxing authority. Among its other duties,
as required by the Code, the REMIC Provisions or other such compliance guidance,
the Trust Administrator shall provide (i) to any Transferor of a Residual
Certificate such information as is necessary for the application of any tax
relating to the transfer of a Residual Certificate to any Person who is not
a
Permitted Transferee, (ii) to the Certificateholders such information or reports
as are required by the Code or the REMIC Provisions including reports relating
to interest, original issue discount and market discount or premium (using
the
Prepayment Assumption as required) and (iii) to the Internal Revenue Service
the
name, title, address and telephone number of the person who will serve as the
representative of each Trust REMIC. The Depositor shall provide or cause to
be
provided to the Trust Administrator, within ten (10) days after the Closing
Date, all information or data that the Trust Administrator reasonably determines
to be relevant for tax purposes as to the valuations and issue prices of the
Certificates, including, without limitation, the price, yield, prepayment
assumption and projected cash flow of the Certificates.
(f) The
Trust
Administrator shall take such action and shall cause each Trust REMIC to take
such action as shall be necessary to create or maintain the status thereof
as a
REMIC under the REMIC Provisions. Neither the Trust Administrator nor the
Trustee shall take any action or cause the Trust Fund to take any action or
fail
to take (or fail to cause to be taken) any action that, under the REMIC
Provisions, if taken or not taken, as the case may be, could (i) endanger the
status of any Trust REMIC as a REMIC or (ii) result in the imposition of a
tax
upon the Trust Fund (including but not limited to the tax on prohibited
transactions as defined in Section 860F(a)(2) of the Code and the tax on
contributions to a REMIC set forth in Section 860G(d) of the Code) (either
such event, an “Adverse REMIC Event”) unless the Trustee, the Trust
Administrator and the NIMS Insurer have received an Opinion of Counsel,
addressed to the Trustee and the Trust Administrator (at the expense of the
party seeking to take such action but in no event at the expense of the Trustee
or the Trust Administrator) to the effect that the contemplated action will
not,
with respect to any Trust REMIC, endanger such status or result in the
imposition of such a tax, nor shall the Servicers take or fail to take any
action (whether or not authorized hereunder) as to which the Trustee, the Trust
Administrator or the NIMS Insurer has advised it in writing that it has received
an Opinion of Counsel to the effect that an Adverse REMIC Event could occur
with
respect to such action; provided that the Servicers may conclusively rely on
such Opinion of Counsel and shall incur no liability for its action or failure
to act in accordance with such Opinion of Counsel. In addition, prior to taking
any action with respect to any Trust REMIC or the respective assets of each,
or
causing any Trust REMIC to take any action, which is not contemplated under
the
terms of this Agreement, the Servicers will consult with the Trustee, the Trust
Administrator, the Master Servicer, the NIMS Insurer or their respective
designees, in writing, with respect to whether such action could cause an
Adverse REMIC Event to occur with respect to any Trust REMIC and no Servicer
shall take any such action or cause any Trust REMIC to take any such action
as
to which the Trustee, the Trust Administrator, the Master Servicer or the NIMS
Insurer has advised it in writing that an Adverse REMIC Event could occur;
provided that the related Servicer may conclusively rely on such writing and
shall incur no liability for its action or failure to act in accordance with
such writing. The Trustee, the Trust Administrator, the Master Servicer or
the
NIMS Insurer may consult with counsel to make such written advice, and the
cost
of same shall be borne by the party seeking to take the action not permitted
by
this Agreement, but in no event shall such cost be an expense of the Trustee,
the Trust Administrator or the Master Servicer. At all times as may be required
by the Code, the Trust Administrator will ensure that substantially all of
the
assets of REMIC I will consist of “qualified mortgages” as defined in
Section 860G(a)(3) of the Code and “permitted investments” as defined in
Section 860G(a)(5) of the Code, to the extent such obligations are within
the Trust Administrator’s control and not otherwise inconsistent with the terms
of this Agreement.
(g) In
the
event that any tax is imposed on “prohibited transactions” of any REMIC created
hereunder as defined in Section 860F(a)(2) of the Code, on the “net income
from foreclosure property” of such REMIC as defined in Section 860G(c) of
the Code, on any contributions to any such REMIC after the Startup Day therefor
pursuant to Section 860G(d) of the Code, or any other tax is imposed by the
Code or any applicable provisions of state or local tax laws, such tax shall
be
charged (i) to the Trust Administrator pursuant to Section 10.03 hereof, if
such tax arises out of or results from a breach by the Trust Administrator
of
any of its obligations under this Article X, (ii) to the Trustee pursuant to
Section 10.03 hereof, if such tax arises out of or results from a breach by
the Trustee of any of its obligations under this Article X, (iii) to the Master
Servicer pursuant to Section 10.03 hereof, if such tax arises out of or
results from a breach by the Master Servicer of any of its obligations under
Article III or this Article X, (iv) to a Servicer pursuant to Section 10.03
hereof, if such tax arises out of or results from a breach by the Master
Servicer of any of its obligations under Article III or this Article X or (v)
against amounts on deposit in the Distribution Account and shall be paid by
withdrawal therefrom.
(h) [Reserved].
(i) The
Trust
Administrator shall, for federal income tax purposes, maintain books and records
with respect to each Trust REMIC on a calendar year and on an accrual
basis.
(j) Following
the Startup Day, none of the Servicers, the Master Servicer, the Trust
Administrator or the Trustee shall accept any contributions of assets to any
Trust REMIC other than in connection with any Qualified Substitute Mortgage
Loan
delivered in accordance with Section 2.03 unless it shall have received an
Opinion of Counsel to the effect that the inclusion of such assets in the Trust
Fund will not cause the related REMIC to fail to qualify as a REMIC at any
time
that any Certificates are outstanding or subject such REMIC to any tax under
the
REMIC Provisions or other applicable provisions of federal, state and local
law
or ordinances.
(k) None
of
the Trustee, the Trust Administrator, the Servicers or the Master Servicer
shall
enter into any arrangement by which any Trust REMIC will receive a fee or other
compensation for services nor permit either REMIC to receive any income from
assets other than “qualified mortgages” as defined in Section 860G(a)(3) of
the Code or “permitted investments” as defined in Section 860G(a)(5) of the
Code.
SECTION 10.02. |
Prohibited
Transactions and Activities.
|
None
of
the Depositor, the Servicers, the Master Servicer, the Trust Administrator
or
the Trustee shall sell, dispose of or substitute for any of the Mortgage Loans
(except in connection with (i) the foreclosure of a Mortgage Loan, including
but
not limited to, the acquisition or sale of a Mortgaged Property acquired by
deed
in lieu of foreclosure, (ii) the bankruptcy of REMIC I, (iii) the termination
of
REMIC I pursuant to Article IX of this Agreement, (iv) a substitution pursuant
to Article II of this Agreement or (v) a purchase of Mortgage Loans pursuant
to
Article II or III of this Agreement), nor acquire any assets for any Trust
REMIC
(other than REO Property acquired in respect of a defaulted Mortgage Loan),
nor
sell or dispose of any investments in the Collection Account or the Distribution
Account for gain, nor accept any contributions to any Trust REMIC after the
Closing Date (other than a Qualified Substitute Mortgage Loan delivered in
accordance with Section 2.03), unless it has received an Opinion of
Counsel, addressed to the Trustee, the Trust Administrator and the NIMS Insurer
(at the expense of the party seeking to cause such sale, disposition,
substitution, acquisition or contribution but in no event at the expense of
the
Trustee or the Trust Administrator) that such sale, disposition, substitution,
acquisition or contribution will not (a) affect adversely the status of any
Trust REMIC as a REMIC or (b) cause any Trust REMIC to be subject to a tax
on
“prohibited transactions” or “contributions” pursuant to the REMIC
Provisions.
SECTION 10.03. |
Servicers,
Master Servicer and Trustee
Indemnification.
|
(a) In
the
event that any Trust REMIC fails to qualify as a REMIC, loses its status as
a
REMIC, or incurs federal, state or local taxes as a result of a prohibited
transaction or prohibited contribution under the REMIC Provisions due to (i)
the
negligent performance by the Trustee or the Trust Administrator of its duties
and obligations set forth herein or (ii) any state, local or franchise taxes
imposed upon the Trust Fund as a result of the location of the Trustee or the
Trust Administrator or any co-trustee, the Trustee or the Trust Administrator,
as applicable, shall indemnify the NIMS Insurer, the Servicers, the Master
Servicer and the Trust Fund against any and all Losses resulting from such
negligence, including, without limitation, any reasonable attorneys’ fees
imposed on or incurred as a result of a breach of the Trustee’s or the Trust
Administrator’s, as applicable, or any co-trustee’s covenants; provided,
however,
that
the Trustee or the Trust Administrator, as applicable, shall not be liable
for
any such Losses attributable to the action or inaction of any Servicer, the
Master Servicer, the Depositor or the Holder of such Residual Certificate,
as
applicable, nor for any such Losses resulting from misinformation provided
by
the Holder of such Residual Certificate on which the Trustee or the Trust
Administrator, as applicable, has relied. The foregoing shall not be deemed
to
limit or restrict the rights and remedies of the Holder of such Residual
Certificate now or hereafter existing at law or in equity. Notwithstanding
the
foregoing, however, in no event shall the Trustee or the Trust Administrator,
as
applicable, have any liability (1) for any action or omission that is taken
in
accordance with and in compliance with the express terms of, or which is
expressly permitted by the terms of, this Agreement, (2) for any Losses other
than arising out of a negligent performance by the Trustee or the Trust
Administrator, as applicable, of its duties and obligations set forth herein,
and (3) for any special or consequential damages to Certificateholders (in
addition to payment of principal and interest on the Certificates).
(b) In
the
event that any Trust REMIC fails to qualify as a REMIC, loses its status as
a
REMIC, or incurs federal, state or local taxes as a result of a prohibited
transaction or prohibited contribution under the REMIC Provisions due to the
negligent performance by the Master Servicer of its duties and obligations
set
forth herein, the Master Servicer shall indemnify the NIMS Insurer, the
Servicers, the Trustee, the Trust Administrator and the Trust Fund against
any
and all losses, claims, damages, liabilities or expenses (“Losses”) resulting
from such negligence, including, without limitation, any reasonable attorneys’
fees imposed on or incurred as a result of a breach of the Master Servicer’s
covenants; provided,
however,
that
the Master Servicer shall not be liable for any such Losses attributable to
the
action or inaction of the Trustee, the Trust Administrator, any Servicer, the
Depositor or the Holder of such Residual Certificate, as applicable, nor for
any
such Losses resulting from misinformation provided by the Holder of such
Residual Certificate on which the Master Servicer has relied. The foregoing
shall not be deemed to limit or restrict the rights and remedies of the Holder
of such Residual Certificate now or hereafter existing at law or in equity.
Notwithstanding the foregoing, however, in no event shall the Master Servicer
have any liability (1) for any action or omission that is taken in accordance
with and in compliance with the express terms of, or which is expressly
permitted by the terms of, this Agreement, (2) for any Losses other than arising
out of a negligent performance by the Master Servicer of its duties and
obligations set forth herein, and (3) for any special or consequential damages
to Certificateholders (in addition to payment of principal and interest on
the
Certificates).
(c) In
the
event that any Trust REMIC fails to qualify as a REMIC, loses its status as
a
REMIC, or incurs federal, state or local taxes as a result of a prohibited
transaction or prohibited contribution under the REMIC Provisions due to (i)
the
negligent performance by each Servicer of its duties and obligations set forth
herein or (ii) any state, local or franchise taxes imposed upon the Trust Fund
as a result of the location of the a Servicer or any sub-servicer, each Servicer
shall indemnify the NIMS Insurer, the Master Servicer, the Trustee, the Trust
Administrator and the Trust Fund against any and all losses, claims, damages,
liabilities or expenses (“Losses”) resulting from such negligence, including,
without limitation, any reasonable attorneys’ fees imposed on or incurred as a
result of a breach of a Servicer’s or any sub-servicer’s covenants; provided,
however,
that a
Servicer shall not be liable for any such Losses attributable to the action
or
inaction of the Master Servicer, the Trustee, the Trust Administrator, the
Depositor or the Holder of such Residual Certificate, as applicable, nor for
any
such Losses resulting from misinformation provided by the Holder of such
Residual Certificate on which the related Servicer has relied. The foregoing
shall not be deemed to limit or restrict the rights and remedies of the Holder
of such Residual Certificate now or hereafter existing at law or in equity.
Notwithstanding the foregoing, however, in no event shall a Servicer have any
liability (1) for any action or omission that is taken in accordance with and
in
compliance with the express terms of, or which is expressly permitted by the
terms of, this Agreement, (2) for any Losses other than arising out of a
negligent performance by the related Servicer of its duties and obligations
set
forth herein, and (3) for any special or consequential damages to
Certificateholders (in addition to payment of principal and interest on the
Certificates).
ARTICLE
XI
MISCELLANEOUS
PROVISIONS
SECTION 11.01. |
Amendment.
|
This
Agreement may be amended from time to time by the Depositor, the each Servicer,
the Master Servicer, the Trust Administrator and the Trustee with the consent
of
the NIMS Insurer and without the consent of any of the Certificateholders,
(i)
to cure any ambiguity or defect, (ii) to correct, modify or supplement any
provisions herein (including to give effect to the expectations of
Certificateholders), or (iii) to make any other provisions with respect to
matters or questions arising under this Agreement which shall not be
inconsistent with the provisions of this Agreement, provided that such action
shall not adversely affect in any material respect the interests of any
Certificateholder as evidenced by either (i) an Opinion of Counsel delivered
to
the each Servicer, the Master Servicer, the Trustee, the Trust Administrator
and
the NIMS Insurer or (ii) confirmation from the Rating Agencies, delivered to
each Servicer, the Master Servicer, the Trustee, the Trust Administrator and
the
NIMS Insurer, that such amendment will not result in the reduction or withdrawal
of the rating of any outstanding Class of Certificates. No amendment shall
be
deemed to adversely affect in any material respect the interests of any
Certificateholder who shall have consented thereto, and no Opinion of Counsel
shall be required to address the effect of any such amendment on any such
consenting Certificateholder.
This
Agreement may also be amended from time to time by the Depositor, each Servicer,
the Master Servicer, the Trust Administrator, the NIMS Insurer and the Trustee
with the consent of the NIMS Insurer and the Holders of Certificates entitled
to
at least 66% of the Voting Rights for the purpose of adding any provisions
to or
changing in any manner or eliminating any of the provisions of this Agreement
or
of modifying in any manner the rights of a Swap Provider or Holders of
Certificates; provided, however, that no such amendment shall (i) reduce in
any
manner the amount of, or delay the timing of, payments received on Mortgage
Loans which are required to be distributed on any Certificate without the
consent of the Holder of such Certificate, (ii) adversely affect in any material
respect the interests of a Swap Provider or Holders of any Class of Certificates
(as evidenced by either (i) an Opinion of Counsel delivered to the Trustee
and
the NIMS Insurer or (ii) confirmation from the Rating Agencies, delivered to
each Servicer, the Master Servicer, the Trustee and the NIMS Insurer, that
such
action will not result in the reduction or withdrawal of the rating of any
outstanding Class of Certificates) in a manner, other than as described in
(i),
or (iii) modify the consents required by the immediately preceding clauses
(i)
and (ii) without the consent of the Holders of all Certificates then
outstanding. Notwithstanding any other provision of this Agreement, for purposes
of the giving or withholding of consents pursuant to this Section 11.01,
Certificates registered in the name of the Depositor, a Servicer or the Master
Servicer or any Affiliate thereof shall be entitled to Voting Rights with
respect to matters affecting such Certificates.
Notwithstanding
any contrary provision of this Agreement, none of the Trustee, the Trust
Administrator or the NIMS Insurer shall consent to any amendment to this
Agreement unless it shall have first received an Opinion of Counsel satisfactory
to the NIMS Insurer to the effect that such amendment will not result in the
imposition of any tax on any Trust REMIC pursuant to the REMIC Provisions or
cause any Trust REMIC to fail to qualify as a REMIC at any time that any
Certificates are outstanding.
Notwithstanding
any of the other provisions of this Section 11.01, none of the Depositor, the
Servicers, the Master Servicer, the Trust Administrator or the Trustee shall
enter into any amendment to Section 9.01, Section 11.09 or Section 11.10 of
this
Agreement without the prior written consent of the affected Swap
Provider.
Promptly
after the execution of any such amendment the Trust Administrator shall notify
each Certificateholder and make available to each Certificateholder and the
NIMS
Insurer a copy of such amendment.
It
shall
not be necessary for the consent of Certificateholders under this
Section 11.01 to approve the particular form of any proposed amendment, but
it shall be sufficient if such consent shall approve the substance thereof.
The
manner of obtaining such consents and of evidencing the authorization of the
execution thereof by Certificateholders shall be subject to such reasonable
regulations as the Trust Administrator may prescribe.
The
cost
of any Opinion of Counsel to be delivered pursuant to this Section 11.01
shall be borne by the Person seeking the related amendment, but in no event
shall such Opinion of Counsel be an expense of the Trustee or the Trust
Administrator.
The
Trustee and the Trust Administrator may, but neither shall be obligated to
enter
into any amendment pursuant to this Section that affects its rights, duties
and immunities under this Agreement or otherwise.
SECTION 11.02. |
Recordation
of Agreement; Counterparts.
|
To
the
extent permitted by applicable law, this Agreement is subject to recordation
in
all appropriate public offices for real property records in all the counties
or
other comparable jurisdictions in which any or all of the properties subject
to
the Mortgages are situated, and in any other appropriate public recording office
or elsewhere, such recordation to be effected by the Servicers at the expense
of
the Certificateholders, but only upon direction of the Trustee or the Trust
Administrator accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of the
Certificateholders.
For
the
purpose of facilitating the recordation of this Agreement as herein provided
and
for other purposes, this Agreement may be executed simultaneously in any number
of counterparts, each of which counterparts shall be deemed to be an original,
and such counterparts shall constitute but one and the same
instrument.
SECTION 11.03. |
Limitation
on Rights of Certificateholders.
|
The
death
or incapacity of any Certificateholder shall not operate to terminate this
Agreement or the Trust, nor entitle such Certificateholder’s legal
representatives or heirs to claim an accounting or to take any action or
proceeding in any court for a partition or winding up of the Trust Fund, nor
otherwise affect the rights, obligations and liabilities of the parties hereto
or any of them.
No
Certificateholder shall have any right to vote (except as expressly provided
for
herein) or in any manner otherwise control the operation and management of
the
Trust, or the obligations of the parties hereto, nor shall anything herein
set
forth, or contained in the terms of any of the Certificates, be construed so
as
to constitute the Certificateholders from time to time as partners or members
of
an association; nor shall any Certificateholder be under any liability to any
third person by reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No
Certificateholder shall have any right by virtue of any provision of this
Agreement to institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder previously shall
have given to the Trustee a written notice of default and of the continuance
thereof, as hereinbefore provided, and unless also the Holders of Certificates
entitled to at least 25% of the Voting Rights shall have made written request
upon the Trustee to institute such action, suit or proceeding in its own name
as
Trustee hereunder and shall have offered to the Trustee such reasonable
indemnity as it may require against the costs, expenses and liabilities to
be
incurred therein or thereby, and the Trustee, for 15 days after its receipt
of
such notice, request and offer of indemnity, shall have neglected or refused
to
institute any such action, suit or proceeding. It is understood and intended,
and expressly covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of Certificates
shall have any right in any manner whatsoever by virtue of any provision of
this
Agreement to affect, disturb or prejudice the rights of the Holders of any
other
of such Certificates, or to obtain or seek to obtain priority over or preference
to any other such Holder, or to enforce any right under this Agreement, except
in the manner herein provided and for the equal, ratable and common benefit
of
all Certificateholders. For the protection and enforcement of the provisions
of
this Section, each and every Certificateholder and the Trustee shall be entitled
to such relief as can be given either at law or in equity.
SECTION 11.04. |
Governing
Law.
|
This
Agreement 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.
SECTION 11.05. |
Notices.
|
All
directions, demands and notices hereunder shall be in writing and shall be
deemed to have been duly given when received if personally delivered at or
mailed by first class mail, postage prepaid, or by express delivery service
or
delivered in any other manner specified herein, to (a) in the case of the
Depositor, 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention:
Legal (telecopy number (000) 000-0000), or such other address or telecopy number
as may hereafter be furnished to the Servicers, the Master Servicer, the Trust
Administrator, the NIMS Insurer and the Trustee in writing by the Depositor,
(b)
in the case of the Xxxxx Fargo (in its capacity as Servicer), 0000 Xxxx Xxxxx
Xxxxx Xxxx., Xxxxx 00X, Xxxx Xxxx Xxxxx, Xxxxxxx 00000, Attention: Secretary
(telecopy number: (000) 000-0000) or such other address or telecopy number
as
may hereafter be furnished to the Depositor, the Master Servicer, the Trust
Administrator and the Trustee in writing by the Servicer (c) in the case of
the
Master Servicer, the Trust Administrator or the Custodian, Xxxxx Xxxxx Xxxx,
X.X., X.X. Xxx 00, Xxxxxxxx, Xxxxxxxx 00000, Attention: Client Manager-MASTR
2006-HE1 (telecopy number (000) 000-0000), with a copy to Xxxxx Fargo Bank,
N.A., 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx 00000, Attention: Client
Manager-MASTR 2006-HE1 (telecopy number (000) 000-0000), with a copy to Xxxxx
Fargo Bank, N.A., Xxxxx Xxxxxx xxx Xxxxxxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxxxx
00000, Attention: Client Manager-MASTR 2006-HE1, or such other address or
telecopy number as may hereafter be furnished to the Servicer, the Trustee,
the
NIMS Insurer and the Depositor in writing by the Master Servicer, (c) in the
case of the Trustee, 00 Xxxxxxxxxx Xxxxxx, XX-XX-XX0X, Xx. Xxxx, Xxxxxxxxx
00000, Attention: Structured Finance/MASTR 2006-HE1 (telecopy number (000)
000-0000), or such other address or telecopy number as may hereafter be
furnished to the Depositor, the Servicer, the NIMS Insurer, the Trust
Administrator and the Master Servicer in writing by the Trustee, or such other
address or telecopy number as may hereafter be furnished to the Master Servicer,
the NIMS Insurer and the Depositor in writing by the Trustee, (d) in the case
of
JPMorgan Chase Bank, National Association, 000 Xxxx Xxxxxx Xxxxx, Xxxxxx, XX
00000, Attention: General Counsel (telecopy number (000) 000-0000) with a copy
to 00000 Xxxxxx Xxxxxxxx Xxxx, Xxx Xxxxx XX 00000, Attnetion: Xxxxx Dunks
(telecopy number (000) 000-0000) or such other address or telecopy number as
may
hereafter be furnished to the Trustee, the Trust Administrator and the Depositor
in writing by JPMorgan Chase Bank, National Assocation, (e) in the case of
the
Credit Risk Manager, 0000 Xxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx 00000,
Attention: General Counsel, or such other address or telecopy number as may
hereafter be furnished to the Depositor, the Servicer, the Trustee and the
NIMS
Insurer and (f) in the case of the NIMS Insurer, if any, the address set forth
in the Indenture, or such other address or telecopy number as may hereafter
be
furnished to the Master Servicer, the Trust Administrator, the Depositor and
the
Trustee in writing by the NIMS Insurer. Any notice required or permitted to
be
given to a Certificateholder shall be given by first class mail, postage
prepaid, at the address of such Holder as shown in the Certificate Register.
Any
notice so mailed within the time prescribed in this Agreement shall be
conclusively presumed to have been duly given when mailed, whether or not the
Certificateholder receives such notice. A copy of any notice required to be
telecopied hereunder also shall be mailed to the appropriate party in the manner
set forth above.
SECTION 11.06. |
Severability
of Provisions.
|
If
any
one or more of the covenants, agreements, provisions or terms of this Agreement
shall be for any reason whatsoever held invalid, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and shall in no
way
affect the validity or enforceability of the other provisions of this Agreement
or of the Certificates or the rights of the Holders thereof.
SECTION 11.07. |
Notice
to Rating Agencies and the NIMS
Insurer.
|
The
Trust
Administrator shall use its best efforts promptly to provide notice to the
Rating Agencies and the NIMS Insurer with respect to each of the following
of
which it has actual knowledge:
Any
material change or amendment to this Agreement;
The
occurrence of any Servicer Event of Default or Master Servicer Event of
Termination that has not been cured or waived;
The
resignation or termination of the Master Servicer, the Trust Administrator
or
the Trustee;
The
repurchase or substitution of Mortgage Loans pursuant to or as contemplated
by
Section 2.03;
The
final
payment to the Holders of any Class of Certificates;
Any
change in the location of the Collection Account or the Distribution
Account;
Any
event
that would result in the inability of the Master Servicer to make advances
regarding delinquent Mortgage Loans to the same extent a Servicer is required
to
make such advances as provided in Section 4.03; and
The
filing of any claim under any Servicer’s blanket bond and errors and omissions
insurance policy required by Section 3.14 or the cancellation or material
modification of coverage under any such instrument.
In
addition, the Trust Administrator shall promptly make available to each Rating
Agency and the NIMS Insurer copies of each report to Certificateholders
described in Section 4.02 and the Master Servicer shall promptly furnish to
each Rating Agency copies of the following:
(1) Each
annual statement as to compliance described in Section 3.20;
and
(2) Each
annual independent public accountants’ servicing report described in
Section 3.21.
Any
such
notice pursuant to this Section 11.07 shall be in writing and shall be deemed
to
have been duly given if personally delivered at or mailed by first class mail,
postage prepaid, or by express delivery service to Xxxxx’x Investors Service
Inc., 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 and Standard & Poor’s
Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc., 00 Xxxxx
Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or such other addresses as the Rating Agencies
may designate in writing to the parties hereto.
SECTION 11.08. |
Article
and Section References.
|
All
article and section references used in this Agreement, unless otherwise
provided, are to articles and sections in this Agreement.
SECTION 11.09. |
Grant
of Security Interest.
|
It
is the
express intent of the parties hereto that the conveyance of the Mortgage Loans
by the Depositor to the Trustee, be, and be construed as, a sale of the Mortgage
Loans by the Depositor and not a pledge of the Mortgage Loans to secure a debt
or other obligation of the Depositor. However, in the event that,
notwithstanding the aforementioned intent of the parties, the Mortgage Loans
are
held to be property of the Depositor, then, (a) it is the express intent of
the
parties that such conveyance be deemed a pledge of the Mortgage Loans by the
Depositor to the Trustee to secure a debt or other obligation of the Depositor
and (b)(1) this Agreement shall also be deemed to be a security agreement within
the meaning of Articles 8 and 9 of the Uniform Commercial Code as in effect
from
time to time in the State of New York; (2) the conveyance provided for in
Section 2.01 hereof shall be deemed to be a grant by the Depositor to the
Trustee of a security interest in all of the Depositor’s right, title and
interest in and to the Mortgage Loans and all amounts payable to the holders
of
the Mortgage Loans and the Swap Providers in accordance with the terms thereof
and all proceeds of the conversion, voluntary or involuntary, of the foregoing
into cash, instruments, securities or other property, including without
limitation all amounts, other than investment earnings, from time to time held
or invested in the Collection Account and the Distribution Account, whether
in
the form of cash, instruments, securities or other property; (3) the obligations
secured by such security agreement shall be deemed to be all of the Depositor’s
obligations under this Agreement, including the obligation to provide to the
Certificateholders and the Swap Providers the benefits of this Agreement
relating to the Mortgage Loans and the Trust Fund; and (4) notifications to
persons holding such property, and acknowledgments, receipts or confirmations
from persons holding such property, shall be deemed notifications to, or
acknowledgments, receipts or confirmations from, financial intermediaries,
bailees or agents (as applicable) of the Trustee for the purpose of perfecting
such security interest under applicable law. Accordingly, the Depositor hereby
grants to the Trustee a security interest in the Mortgage Loans and all other
property described in clause (2) of the preceding sentence, for the purpose
of
securing to the Trustee the performance by the Depositor of the obligations
described in clause (3) of the preceding sentence. Notwithstanding the
foregoing, the parties hereto intend the conveyance pursuant to
Section 2.01 to be a true, absolute and unconditional sale of the Mortgage
Loans and assets constituting the Trust Fund by the Depositor to the
Trustee.
SECTION 11.10. |
Third
Party Rights.
|
Each
of
the NIMS Insurer, the Servicers and the Swap Providers shall be deemed a
third-party beneficiary of this Agreement to the same extent as if it were
a
party hereto, and shall have the right to enforce the provisions of this
Agreement.
SECTION 11.11. |
Intention
of the Parties and Interpretation.
|
Each
of
the parties hereto acknowledges and agrees that the purpose of Sections 3.20,
3.21 and 4.06 of this Agreement is to facilitate compliance by the Depositor
with the provisions of Regulation AB promulgated by the SEC under the Exchange
Act (17 C.F.R. §§ 229.1100 - 229.1123), as such may be amended from time to time
and subject to clarification and interpretive advice as may be issued by the
staff of the Commission from time to time. Therefore, each of the parties hereto
agrees that (a) the obligations of the parties hereunder shall be interpreted
in
such a manner as to accomplish that purpose, (b) the parties’ obligations
hereunder will be supplemented and modified as necessary to be consistent with
any such amendments, interpretive advice or guidance, convention or consensus
among active participants in the asset-backed securities markets, advice of
counsel, or otherwise in respect of the requirements of Regulation AB, (c)
the
parties shall comply, to the extent practicable from a timing and information
systems perspective and to the extent that the Depositor will pay any increased
costs of the Trustee and Trust Administrator caused by such request, with
requests made by the Depositor for delivery of additional or different
information as the Depositor may determine in good faith is necessary to comply
with the provisions of Regulation AB, and (d) no amendment of this Agreement
shall be required to effect any such changes in the parties’ obligations as are
necessary to accommodate evolving interpretations of the provisions of
Regulation AB.
IN
WITNESS WHEREOF, the Depositor, the Servicers, the Master Servicer, the Trust
Administrator and the Trustee have caused their names to be signed hereto by
their respective officers thereunto duly authorized, in each case as of the
day
and year first above written.
MORTGAGE
ASSET SECURITIZATION TRANSACTIONS, INC.,
|
|
as
Depositor
|
|
By:
/s/ Xxxxx XxXxxxxx
|
|
Name:
Xxxxx XxXxxxxx
|
|
Title:
Director
|
|
By:
/s/ Xxxxxxx Xxxxxxx
|
|
Name:
Xxxxxxx Xxxxxxx
|
|
Title:
Associate Director
|
|
XXXXX
FARGO BANK, N.A.,
|
|
as
Master Servicer and Trust Administrator
|
|
By:
/s/ Xxxxxx Xxxxxxx
|
|
Name:
Xxxxxx Xxxxxxx
|
|
Title:
Assistant Vice President
|
|
XXXXX
FARGO BANK, N.A.,
|
|
as
Servicer
|
|
By:
/s/ Xxxxxx XxXxxxxx
|
|
Name:
Xxxxxx XxXxxxxx
|
|
Title:
Vice President
|
|
JPMORGAN
CHASE BANK, NATIONAL ASSOCIATION,
|
|
as
Servicer
|
|
By:
/s/ Xxxxx X. Xxxxxxxx
|
|
Name:
Xxxxx X. Xxxxxxxx
|
|
Title:
Vice President
|
|
U.S.
BANK NATIONAL ASSOCIATION,
|
|
as
Trustee
|
|
By:
/s/ Xxxxxxx X. Xxxxx
|
|
Name:
Xxxxxxx X. Xxxxx
|
|
Title:
Vice President
|
For
purposes of Sections 6.08, 6.09 and 6.10:
|
|
XXXXXXX
FIXED INCOME SERVICES INC.
|
|
By:
/s/ Xxxxx X. Xxxxxxx
|
|
Name:
Xxxxx X. Xxxxxxx
|
|
Title:
President and General Counsel
|
STATE
OF
NEW
YORK
)
)
ss.:
COUNTY
OF
NEW
YORK
)
On
the
___ day of February 2006, before me, a notary public in and for said State,
personally appeared ________________________ and ________________________,
known
to me to be a(n) ________________________ and ________________________,
respectively, of Mortgage Asset Securitization Transactions, Inc., one of the
corporations that executed the within instrument, and also known to me to be
the
person who executed it on behalf of said corporation, and acknowledged to me
that such corporation executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
Notary
Public
[Notarial
Seal]
STATE
OF
)
)
ss.:
COUNTY
OF
)
On
the
____ day of February 2006, before me, a notary public in and for said State,
personally appeared ________________________ known to me to be a(n)
________________________ of Xxxxx Fargo Bank, N.A., one of the corporations
that
executed the within instrument, and also known to me to be the person who
executed it on behalf of said corporation, and acknowledged to me that such
corporation executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
Notary
Public
[Notarial
Seal]
STATE
OF
MARYLAND
)
)
ss.:
COUNTY
OF
XXXXXX
)
On
the
____ day of February 2006, before me, a notary public in and for said State,
personally appeared ________________________ known to me to be a(n)
________________________ of Xxxxx Fargo Bank, N.A., one of the corporations
that
executed the within instrument, and also known to me to be the person who
executed it on behalf of said corporation, and acknowledged to me that such
corporation executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
Notary
Public
[Notarial
Seal]
STATE
OF
MINNESOTA
)
)ss.:
COUNTY
OF
XXXXXX
)
On
the
____ day of February 2006, before me, a notary public in and for said State,
personally appeared ________________________, known to me to be a(n)
________________________ of U.S. Bank National Association, one of the
corporations that executed the within instrument, and also known to me to be
the
person who executed it on behalf of said corporation, and acknowledged to me
that such corporation executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
Notary
Public
[Notarial
Seal]
STATE
OF )
)
ss.:
COUNTY
OF
)
On
the
____ day of February 2006, before me, a notary public in and for said State,
personally appeared ________________________ known to me to be a(n)
________________________ of JPMorgan Chase Bank, National Association, one
of
the corporations that executed the within instrument, and also known to me
to be
the person who executed it on behalf of said corporation, and acknowledged
to me
that such corporation executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
Notary
Public
[Notarial
Seal]
EXHIBIT A-1 FORM OF CLASS A-1 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class A-1 Certificates Pass-Through Rate: Variable as of the Issue Date: $ 291,109,000.00 Cut-off Date and date of Pooling and Denomination: $291,109,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-1 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-1 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-1 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-1 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-1 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator and the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-2 FORM OF CLASS A-2 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class A-2 Certificates Pass-Through Rate: Variable as of the Issue Date: $77,391,000.00 Cut-off Date and date of Pooling and Denomination: $77,391,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-2 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-2 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-2 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-2 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-2 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-3 FORM OF CLASS A-3 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class A-3 Certificates Pass-Through Rate: Variable as of the Issue Date: $ 99,533,000.00 Cut-off Date and date of Pooling and Denomination: $99,533,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-3 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-3 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-3 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-3 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-4 FORM OF CLASS A-4 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class A-4 Certificates Pass-Through Rate: Variable as of the Issue Date: $37,044,000.00 Cut-off Date and date of Pooling and Denomination: $37,044,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-4 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-4 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-4 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-4 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-4 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-5 FORM OF CLASS M-1 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-1 Certificates Pass-Through Rate: Variable as of the Issue Date: $25,418,000.00 Cut-off Date and date of Pooling and Denomination: $25,418,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-1 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-1 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-1 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-1 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-1 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-6 FORM OF CLASS M-2 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES AND THE CLASS M-1 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-2 Certificates Pass-Through Rate: Variable as of the Issue Date: $23,108,000.00 Cut-off Date and date of Pooling and Denomination: $23,108,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-2 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-2 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-2 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-2 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-2 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-7 FORM OF CLASS M-3 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES AND THE CLASS M-2 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-3 Certificates Pass-Through Rate: Variable as of the Issue Date: $14,525,000.00 Cut-off Date and date of Pooling and Denomination: $14,525,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-3 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-3 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-3 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-3 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-8 FORM OF CLASS M-4 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES AND THE CLASS M-3 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-4 Certificates Pass-Through Rate: Variable as of the Issue Date: $12,214,000.00 Cut-off Date and date of Pooling and Denomination: $12,214,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-4 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-4 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-4 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-4 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-4 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-9 FORM OF CLASS M-5 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES AND THE CLASS M-4 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-5 Certificates Pass-Through Rate: Variable as of the Issue Date: $11,554,000.00 Cut-off Date and date of Pooling and Denomination: $11,554,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-5 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-5 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-5 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-5 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-5 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-10 FORM OF CLASS M-6 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES AND THE CLASS M-5 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-6 Certificates Pass-Through Rate: Variable as of the Issue Date: $10,563,000.00 Cut-off Date and date of Pooling and Denomination: $10,563,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-6 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-6 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-6 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-6 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-6 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-11 FORM OF CLASS M-7 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES AND THE CLASS M-6 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-7 Certificates Pass-Through Rate: Variable as of the Issue Date: $9,903,000.00 Cut-off Date and date of Pooling and Denomination: $9,903,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-7 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-7 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-7 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-7 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-7 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-12 FORM OF CLASS M-8 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES AND THE CLASS M-7 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-8 Certificates Pass-Through Rate: Variable as of the Issue Date: $8,913,000.00 Cut-off Date and date of Pooling and Denomination: $8,913,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-8 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-8 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-8 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-8 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-8 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-13 FORM OF CLASS M-9 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES AND THE CLASS M-8 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-9 Certificates Pass-Through Rate: Variable as of the Issue Date: $7,262,000.00 Cut-off Date and date of Pooling and Denomination: $7,262,000.00 Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-9 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-9 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-9 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-9 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-9 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-14 FORM OF CLASS M-10 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES AND THE CLASS M-9 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-10 Pass-Through Rate: Variable Certificates as of the Issue Date: $6,932,000.00 Cut-off Date and date of Pooling and Servicing Agreement: February 1, 2006 Denomination: $6,932,000.00 First Distribution Date: March 27, 2006 Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-10 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-10 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-10 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-10 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-10 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-15 FORM OF CLASS M-11 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES, THE CLASS M-9 CERTIFICATES AND THE CLASS M-10 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02 (d) OF THE AGREEMENT. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class M-11 Pass-Through Rate: Variable Certificates as of the Issue Date: $6,602,000.00 Cut-off Date and date of Pooling and Servicing Agreement: February 1, 2006 Denomination: $6,602,000.00 First Distribution Date: March 27, 2006 Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 CUSIP: 00000XXX0 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-11 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-11 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-11 Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-11 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-11 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02 (d) of the Pooling & Servicing Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-16 FORM OF CLASS CE CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES AND THE MEZZANINE CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT. NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN. Series 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class CE Certificates Pass-Through Rate: Variable as of the Issue Date: $18,161,151.00 Cut-off Date and date of Pooling and Master Servicer and Trust Servicing Agreement: February 1, 2006 Administrator: Xxxxx Fargo Bank, N.A. First Distribution Date: March 27, 2006 Trustee: U.S. Bank National Association No. 1 Issue Date: February 27, 2006 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class CE Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class CE Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class CE Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class CE Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class CE Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "1933 Act"), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder's prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee or the Master Servicer, the Trust Administrator in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder's prospective transferee upon which such Opinion of Counsel is based. None of the Depositor or the Trust Administrator is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Trust Administrator, the Depositor, the Servicer and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using "Plan Assets" to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-17 FORM OF CLASS P CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT. NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN. Series: 0000-XX0 Xxxxxxxxx Certificate Principal Balance of the Class P Certificates Cut-off Date and date of Pooling and as of the Issue Date: $100.00 Servicing Agreement: February 1, 2006 Denomination: $100.00 First Distribution Date: March 27, 2006 Master Servicer and Trust No. 1 Administrator: Xxxxx Fargo Bank, N.A. Trustee: U.S. Bank National Association Issue Date: February 27, 2006 DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE. MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class P Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class P Certificates in REMIC IV created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class P Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class P Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class P Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "1933 Act"), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder's prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee or the Master Servicer, the Trust Administrator in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder's prospective transferee upon which such Opinion of Counsel is based. None of the Depositor or the Trust Administrator is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Trust Administrator, the Depositor, the Servicer and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using "Plan Assets" to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-18 FORM OF CLASS R CERTIFICATE THIS CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC"), AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT. NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN. ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUST ADMINISTRATOR THAT (A) SUCH TRANSFEREE IS NOT (1) THE UNITED STATES OR ANY POSSESSION THEREOF, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (2) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) THAT IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (3) ANY ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (1), (2) OR (3) SHALL HEREINAFTER BE REFERRED TO AS A "DISQUALIFIED ORGANIZATION") OR (4) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (B) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (II) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(D) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT IS A DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP OF THIS CERTIFICATE. Series: 0000-XX0 Xxxxxxxxx Percentage Interest of the Class R Certificates as of the Issue Cut-off Date and date of Pooling and Date: 100.00% Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (as specified above) in that certain beneficial ownership interest evidenced by all the Certificates of the Class to which this Certificate belongs created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class R Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class R Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class R Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "1933 Act"), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder's prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee or the Master Servicer, the Trust Administrator in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder's prospective transferee upon which such Opinion of Counsel is based. Neither the Depositor nor the Trust Administrator is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Trust Administrator, the Depositor, the Servicer and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using "Plan Assets" to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. Prior to registration of any transfer, sale or other disposition of this Certificate, the proposed transferee shall provide to the Trust Administrator (i) an affidavit to the effect that such transferee is any Person other than a Disqualified Organization or the agent (including a broker, nominee or middleman) of a Disqualified Organization, and (ii) a certificate that acknowledges that (A) the Class R Certificates have been designated as a residual interest in a REMIC, (B) it will include in its income a PRO RATA share of the net income of the Trust Fund and that such income may be an "excess inclusion," as defined in the Code, that, with certain exceptions, cannot be offset by other losses or benefits from any tax exemption, and (C) it expects to have the financial means to satisfy all of its tax obligations including those relating to holding the Class R Certificates. Notwithstanding the registration in the Certificate Register of any transfer, sale or other disposition of this Certificate to a Disqualified Organization or an agent (including a broker, nominee or middleman) of a Disqualified Organization, such registration shall be deemed to be of no legal force or effect whatsoever and such Person shall not be deemed to be a Certificateholder for any purpose, including, but not limited to, the receipt of distributions in respect of this Certificate. The Holder of this Certificate, by its acceptance hereof, shall be deemed to have consented to the provisions of Section 5.02 of the Agreement and to any amendment of the Agreement deemed necessary by counsel of the Depositor to ensure that the transfer of this Certificate to any Person other than a Permitted Transferee or any other Person will not cause the Trust Fund to cease to qualify as a REMIC or cause the imposition of a tax upon the REMIC. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT A-19 FORM OF CLASS R-X CERTIFICATE THIS CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC"), AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT. NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN. ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUST ADMINISTRATOR THAT (A) SUCH TRANSFEREE IS NOT (1) THE UNITED STATES OR ANY POSSESSION THEREOF, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (2) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) THAT IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (3) ANY ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (1), (2) OR (3) SHALL HEREINAFTER BE REFERRED TO AS A "DISQUALIFIED ORGANIZATION") OR (4) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (B) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (II) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(D) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT IS A DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP OF THIS CERTIFICATE. Series: 0000-XX0 Xxxxxxxxx Percentage Interest of the Class R-X Certificates as of the Cut-off Date and date of Pooling and Issue Date: 100.00% Servicing Agreement: February 1, 2006 Master Servicer and Trust First Distribution Date: March 27, 2006 Administrator: Xxxxx Fargo Bank, N.A. No. 1 Trustee: U.S. Bank National Association Issue Date: February 27, 2006 MORTGAGE PASS-THROUGH CERTIFICATE evidencing a beneficial ownership interest in a portion of a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the "Mortgage Loans") formed and sold by MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (as specified above) in that certain beneficial ownership interest evidenced by all the Certificates of the Class to which this Certificate belongs created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class R-X Certificates on such Distribution Date pursuant to the Agreement. All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class R-X Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class R-X Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement. This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the "Certificates") and representing a Percentage Interest in the Class of Certificates specified on the face hereof. The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Servicer the Trust Administrator, the Trustee, the NIMS Insurer, if any, and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Servicer, the Trust Administrator, the Trustee and the NIMS Insurer, if any, without the consent on the Certificateholders or with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights as further set forth in the Agreement. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "1933 Act"), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder's prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee or the Master Servicer, the Trust Administrator in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder's prospective transferee upon which such Opinion of Counsel is based. Neither the Depositor nor the Trust Administrator is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Trust Administrator, the Depositor, the Servicer and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using "Plan Assets" to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement. The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates. Prior to registration of any transfer, sale or other disposition of this Certificate, the proposed transferee shall provide to the Trust Administrator (i) an affidavit to the effect that such transferee is any Person other than a Disqualified Organization or the agent (including a broker, nominee or middleman) of a Disqualified Organization, and (ii) a certificate that acknowledges that (A) the Class R-X Certificates have been designated as a residual interest in a REMIC, (B) it will include in its income a PRO RATA share of the net income of the Trust Fund and that such income may be an "excess inclusion," as defined in the Code, that, with certain exceptions, cannot be offset by other losses or benefits from any tax exemption, and (C) it expects to have the financial means to satisfy all of its tax obligations including those relating to holding the Class R-X Certificates. Notwithstanding the registration in the Certificate Register of any transfer, sale or other disposition of this Certificate to a Disqualified Organization or an agent (including a broker, nominee or middleman) of a Disqualified Organization, such registration shall be deemed to be of no legal force or effect whatsoever and such Person shall not be deemed to be a Certificateholder for any purpose, including, but not limited to, the receipt of distributions in respect of this Certificate. The Holder of this Certificate, by its acceptance hereof, shall be deemed to have consented to the provisions of Section 5.02 of the Agreement and to any amendment of the Agreement deemed necessary by counsel of the Depositor to ensure that the transfer of this Certificate to any Person other than a Permitted Transferee or any other Person will not cause the Trust Fund to cease to qualify as a REMIC or cause the imposition of a tax upon the REMIC. The Depositor, the Master Servicer, the Trust Administrator, the Trustee and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary. The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date. The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness. Unless the certificate of authentication hereon has been executed by the Trust Administrator, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. IN WITNESS WHEREOF, the Trust Administrator has caused this Certificate to be duly executed. Dated: February ___, 2006 XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ________________________________ Authorized Officer CERTIFICATE OF AUTHENTICATION This is one of the Certificates referred to in the within-mentioned Agreement. XXXXX FARGO BANK, N.A., as Trust Administrator By: ________________________________ Authorized Signatory ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian -------------- (Cust) (Minor) under Uniform Giftsc to Minors Act TEN ENT - as tenants by the ------------------ entireties (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _______________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. (Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ________________________________________________________________________________ ________________________________________________________________________________ _______________________________________________________________________________. Dated: _______________________________________ Signature by or on behalf of assignor _______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _____________________________________________________________ ________________________________________________________________________________ for the account of _____________________________________________________________ account number _____________________________________ or, if mailed by check, to ________________________________________________________________________________ Applicable statements should be mailed to ________________________________ ________________________________________________________________________________ This information is provided by ________________________________________ assignee named above, or _______________________________________________________ its agent. EXHIBIT B [RESERVED] EXHIBIT C-1 FORM OF [CUSTODIAN'S] [TRUSTEE'S] INITIAL CERTIFICATION [Date] Mortgage Asset Securitization U.S. Bank National Association Transactions, Inc. 00 Xxxxxxxxxx Xxxxxx 1285 Avenue of the Americas EP-MN-WS3D Xxx Xxxx, Xxx Xxxx 00000 Xx. Xxxx, XX 00000 Attn: Structured Finance/MASTR 2006-HE1 Xxxxx Fargo Bank, N.A. JPMorgan Chase Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx 0000 Xxxxxxx Xxxxxxx Xxxxxxxx, Xxxxxxxx 00000 Xxxxxxxx, Xxxx 00000 Re: Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2006-HE1 Ladies and Gentlemen: Attached is the [Custodian's] [Trustee's] preliminary exception report delivered in accordance with Section 2.02 of the referenced Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Pooling and Servicing Agreement. The [Custodian] [Trustee] has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the Pooling and Servicing Agreement. The [Custodian] [Trustee] makes no representations as to (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in the Mortgage File pertaining to the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or (iii) whether any Mortgage File included any of the documents specified in clause (vi) of Section 2.01 of the Pooling and Servicing Agreement. Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement. This Certificate is qualified in all respects by the terms of said Pooling and Servicing Agreement. [U.S. BANK NATIONAL ASSOCIATION][XXXXX FARGO BANK, N.A] By: __________________________________ Name: Title: EXHIBIT C-2 FORM OF [CUSTODIAN'S] [TRUSTEE'S] FINAL CERTIFICATION [Date] Mortgage Asset Securitization U.S. Bank National Association Transactions, Inc. 00 Xxxxxxxxxx Xxxxxx 1285 Avenue of the Americas EP-MN-WS3D Xxx Xxxx, Xxx Xxxx 00000 Xx. Xxxx, XX 00000 Attn: Structured Finance/MASTR 2006-HE1 Xxxxx Fargo Bank, N.A. JPMorgan Chase Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx 0000 Xxxxxxx Xxxxxxx Xxxxxxxx, Xxxxxxxx 00000 Xxxxxxxx, Xxxx 00000 Re: Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2006-HE1 Ladies and Gentlemen: In accordance with Section 2.02 of the Pooling and Servicing Agreement, the undersigned, as [Custodian] [Trustee], hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage loan paid in full or listed on Schedule I hereto) it (or its custodian) has received the applicable documents listed in Section 2.01 of the Pooling and Servicing Agreement. The undersigned hereby certifies that as to each Mortgage Loan identified on the Mortgage Loan Schedule, other than any Mortgage Loan listed on Schedule I hereto, it has reviewed the documents listed above and has determined that each such document appears to be complete and, based on an examination of such documents, the information set forth in the Mortgage Loan Schedule is correct. The [Custodian] [Trustee] has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the Pooling and Servicing Agreement. The [Custodian] [Trustee] makes no representations as to (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in the Mortgage File pertaining to the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or (iii) whether any Mortgage File included any of the documents specified in clause (vi) of Section 2.01 of the Pooling and Servicing Agreement. Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement. This Certificate is qualified in all respects by the terms of said Pooling and Servicing Agreement. [U.S. BANK NATIONAL ASSOCIATION][XXXXX FARGO BANK, N.A.] By: __________________________________ Name: Title: EXHIBIT C-3 FORM OF RECEIPT OF MORTGAGE NOTE Mortgage Asset Securitization U.S. Bank National Association Transactions, Inc. 00 Xxxxxxxxxx Xxxxxx 1285 Avenue of the Americas EP-MN-WS3D Xxx Xxxx, Xxx Xxxx 00000 Xx. Xxxx, XX 00000 Attn: Structured Finance/MASTR 2006-HE1 Xxxxx Fargo Bank, N.A. JPMorgan Chase Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx 0000 Xxxxxxx Xxxxxxx Xxxxxxxx, Xxxxxxxx 00000 Xxxxxxxx, Xxxx 00000 Xxxxx Fargo Bank, N.A. Xxx Xxxx Xxxxxx Xxx Xxxxxx, Xxxx 00000-0000 Re: Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2006-HE1 Ladies and Gentlemen: Pursuant to Section 2.01 of the Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association, we hereby acknowledge the receipt of the original Mortgage Notes (a copy of which is attached hereto as Exhibit 1) with any exceptions thereto listed on Exhibit 2. [XXXXX FARGO BANK, N.A., as Custodian] [U.S. BANK NATIONAL ASSOCIATION, as Trustee] By: __________________________________ Name: Title: EXHIBIT D FORMS OF ASSIGNMENT AND RECOGNITION AGREEMENT ASSIGNMENT AND RECOGNITION AGREEMENT THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated February 22, 2006, ("Agreement") among UBS Real Estate Securities Inc. ("ASSIGNOR"), Mortgage Asset Securitization Transactions, Inc. ("ASSIGNEE") and DreamHouse Mortgage Corp. (the "COMPANY"): For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows: ASSIGNMENT AND CONVEYANCE 1. The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Mortgage Loan Sale Agreement dated as November 3, 2004 (the "PURCHASE AGREEMENT"), between the Assignor, as purchaser (the "PURCHASER"), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the schedule (the "MORTGAGE LOAN SCHEDULE") attached hereto as EXHIBIT A (the "MORTGAGE LOANS") and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement. The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement. RECOGNITION OF THE COMPANY 2. From and after the date hereof, the Company shall and does hereby recognize that the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2006-HE1 (the "TRUST") created pursuant to a Pooling and Servicing Agreement, dated as of February 1, 2006 (the "POOLING AGREEMENT"), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the "MASTER SERVICER"), trust administrator (in such capacity, the "TRUST ADMINISTRATOR") and as servicer (in such capacity, the "SERVICER"), JPMorgan Chase Bank, National Association as servicer (in such capacity, the "SERVICER") and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the "TRUSTEE"). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company's performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 3. The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that: (a) Attached hereto as EXHIBIT B is a true and accurate copy of the representations and warranties in Sections 3.1 and 3.2 of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder; (b) The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation; (c) The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company's business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company's charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; (d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and (e) There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent. 4. Pursuant to Section 4.9(b)(v) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.1 and 3.2 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof. 5. The Assignor hereby makes the following representation and warranty as of the date hereof: (a) Each Mortgage Loan at the time it was made complied in all material respects with applicable local, state, and federal laws, including, but not limited to, all applicable predatory and abusive lending laws; (b) None of the Mortgage Loans are High Cost as defined by any applicable predatory and abusive lending laws; (c) No Mortgage Loan is a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the then current Standard & Poor's LEVELS(R) Glossary which is now Version 5.6c Revised, Appendix E); and (d) There is no Mortgage Loan that was originated on or after March 7, 2003, which is a "high cost home loan" as defined under the Georgia Fair Lending Act. REMEDIES FOR BREACH OF REPRESENTATIONS AND WARRANTIES 6. The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.3 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Sections 3.1(k), (ii), (ss), (tt), (yy) and (zz) of the Purchase Agreement will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). The Assignor hereby acknowledges and agrees that the remedies available to the the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling and Servicing Agreement as if they were set forth herein (including without limitation the repurchase obligations set forth therein). The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Section 5 above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). MISCELLANEOUS 7. This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 8. No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator. 9. This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder. 10. Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement. 11. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument. 12. In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control. 13. Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement. [SIGNATURE PAGE FOLLOWS] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written. UBS REAL ESTATE SECURITIES INC. By:_____________________________ Name:___________________________ Title:__________________________ MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. By:_____________________________ Name:___________________________ Title:__________________________ DREAMHOUSE MORTGAGE CORP. By:_____________________________ Name:___________________________ Title:__________________________ EXHIBIT A Mortgage Loan Schedule EXHIBIT B SECTION 3.1 INDIVIDUAL MORTGAGE LOANS Seller hereby represents and warrants to and agrees with Purchaser that, as to each Mortgage Loan, as of its respective Funding Date: (a)_____The information with respect to such Mortgage Loan uploaded on the UBS Website with respect to such Mortgage Loan is complete, true and correct in all material respects; (b) The Mortgage and the Mortgage Note have not been assigned or pledged, and, immediately prior to the transfer thereof to the Purchaser pursuant to Section 2.1, the Seller had good and marketable title thereto, and the Seller is the sole owner and holder of such Mortgage Loan free and clear of any and all liens, claims, encumbrances, participation interests, equities, pledges, charges, or security interests of any nature and has full right and authority, subject to no interest or participation of, or agreement with, any other party, to sell and assign such Mortgage Loan pursuant to this Agreement. Upon the transfer thereof to the Purchaser pursuant to Section 2.1, the Seller will have taken all actions necessary on its part to be taken so that the Purchaser will have good indefeasible title to, and will be sole owner of, the Mortgage and the Mortgage Note, free and clear of any and all liens, claims, encumbrances, participation interests, equities, pledges, charges, or security interests of any nature, subject to bankruptcy, insolvency, moratorium, reorganization and similar laws relating to or limiting the enforcement of creditor's rights generally; (c) For each Mortgage Loan that is not a Co-op Loan, the Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged Property including all buildings, fixtures, installations and improvements to the Mortgaged Property, and the Mortgaged Property is free and clear of all encumbrances and liens having parity with or priority over the first lien of the Mortgage except for (i) the lien of current real property taxes and assessments not yet due and payable, (ii) covenants, conditions and restrictions, rights of way, easements, mineral right reservations and other matters of public record as of the date of recording of such Mortgage, such exceptions generally being acceptable under prudent mortgage lending standards and specifically reflected in the appraisal made in connection with the origination of such Mortgage Loan, and (iii) other matters to which like properties are commonly subject that do not materially interfere with the value, use, enjoyment or marketability of the Mortgaged Property. With respect to a Mortgage Loan that is a Co-op Loan, the Mortgage creates a first lien or a first priority ownership interest in the stock ownership and leasehold rights associated with the cooperative unit securing the related Mortgage Note; (d) The terms of the Mortgage and the Mortgage Note have not been impaired, waived, altered, or modified in any respect, except by a written instrument which has been recorded, if necessary, to protect the interest of the Purchaser and which has been delivered to the Purchaser. The substance of any such alteration or modification has been approved, to the extent necessary, by the insurer under the applicable mortgage title insurance policy; (e) No instrument of release, waiver, alteration, or modification has been executed in connection with such Mortgage Loan or Mortgaged Property, and no Mortgagor has been released, in whole or in part, except in connection with an assumption agreement which is part of the Mortgage File and has been delivered to the Purchaser; (f) There is no default, breach, violation, or event of acceleration existing under the Mortgage or the Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute such a default, breach, violation, or event of acceleration, and neither the Seller nor any prior seller or servicer, has waived any such default, breach, violation, or event of acceleration. All taxes, governmental assessments (including assessments payable in future installments), water, sewer and municipal charges, insurance premiums, leasehold payments, or ground rents which previously became due and owing in respect of or affecting the related Mortgaged Property have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable. The Seller has not advanced funds, or induced, solicited, or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required by the Mortgage or the Mortgage Note. There has been no delinquency, exclusive of any grace period, in any payment by the Mortgagor on any Mortgage Loan during the last twelve (12) months. All payments due on or prior to the related Funding Date for such Mortgage Loan have been made as of the related Funding Date, the Mortgage Loan is not delinquent in payment more than 30 days and has not been dishonored; (g) The Mortgaged Property is free of material damage and in good repair, and there is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property, nor has any notice of any such pending or threatened proceeding been received or is such a proceeding currently occurring, so as to adversely impair the value or marketability of the Mortgaged Property; (h) There are no mechanics' or similar liens or claims which have been filed for work, labor, or material (and no rights are outstanding that under law could give rise to such lien) which are, or may be, liens prior or equal to, or coordinate with, the lien of the related Mortgage; (i) All of the improvements which were included for the purpose of determining the Appraised Value of the Mortgaged Property were completed at the time that such Mortgage Loan was originated and lie wholly within the boundaries and building restriction lines of such Mortgaged Property and all improvements on the property comply with all applicable zoning and subdivision laws and ordinances. Except for de minimis encroachments permitted by the Xxxxxx Xxx Guides (MBS Special Servicing Option) or the Xxxxxxx Mac Guide, no improvements on adjoining properties encroach upon the Mortgaged Property; (j) All parties that have had any interest in the Mortgage, whether as mortgagee, assignee, pledgee, or otherwise, are (or, during the period in which they held and disposed of such interest, were) (i) in compliance with any and all applicable "doing business" and licensing requirements of the laws of the state wherein the Mortgaged Property is located and (ii)(A) organized under the laws of such state, (B) qualified to do business in such state, (C) federal savings and loan associations or national banks having principal offices in such state, or (D) not required to qualify to do business in such state; (k) No Mortgagor was required to purchase any credit life, disability, accident or health insurance product as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit life, disability, accident or health insurance policy in connection with the origination of the Mortgage Loan; No proceeds of the Mortgage Loan were used by the related Mortgagor to purchase or finance the purchase of any single premium credit life insurance policies as part of the origination of, or as a condition to closing, such Mortgage Loan; (l) On or prior to the Funding Date, the Seller has, in accordance with Section 2.3(b), delivered to the Purchaser originals of each of the documents with respect to such Mortgage Loan specified in Section 2.3(b) (or the documents specified therein permitted to be delivered in lieu thereof) and the other documents in the Mortgage File. There are no custodial agreements in effect adversely affecting the right or ability of the Seller to make the deliveries of such documents. Each of the documents with respect to such Mortgage Loan specified in Section 2.3(b), Exhibit A hereto or in the Mortgage File is genuine, true, correct and complete and has not been altered or modified in any way except as noted in the Mortgage File; (m) The Mortgage Note and the Mortgage are genuine, and each is the legal, valid and binding obligation of the maker thereof and each party assuming liability therefore, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium, or other similar laws affecting the enforcement of creditors' rights generally and except that the equitable remedy of specific performance and other equitable remedies are subject to the discretion of the courts. All parties to the Mortgage Note and the Mortgage had legal capacity to execute the Mortgage Note and the Mortgage and convey the estate therein purported to be conveyed, and the Mortgage Note and the Mortgage have been duly and properly executed by such parties or pursuant to a valid power-of-attorney. The Mortgagor is a natural person who is a party to the Mortgage Note and the Mortgage in an individual capacity or in the capacity of trustee in connection with an inter vivos trust meeting the requirements of Xxxxxx Xxx. With respect to each inter-vivos trust, holding title to the Mortgaged Property in such trust will not diminish any rights as a creditor including the right to full title to the Mortgage Property in the event foreclosure proceedings are initiated; (n) The transfer of the Mortgage Note and the Mortgage as and in the manner contemplated by this Agreement is sufficient fully to transfer to the Purchaser all right, title and interest of the Seller thereto as note Purchaser and mortgagee subject to bankruptcy, insolvency, moratorium, reorganization and similar laws relating to or limiting the enforcement of creditors' rights generally. The Mortgage has been duly assigned (except with respect to any Mortgage Loan assigned to MERS) and the Mortgage Note has been duly endorsed as provided in Exhibit A. With respect to each Mortgage Loan that is not assigned to MERS, the Assignment of Mortgage delivered to the Purchaser is in recordable form and is acceptable for recording under the laws of the applicable jurisdiction; (o) At origination of each Mortgage Loan, any and all requirements of any federal, state, or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, predatory and abusive lending laws, or disclosure laws applicable to such Mortgage Loan had been complied with, and the Seller shall maintain, in its possession, available for the Purchaser's inspection, and shall deliver to the Purchaser or its designee upon demand, evidence of compliance with all such requirements. The consummation of the transactions contemplated by this Agreement will not cause the violation of any such laws; (p) The proceeds of such Mortgage Loan have been fully disbursed, there is no requirement for, and the Seller shall not make any, future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow therefore have been complied with. Any future advances made prior to the Cut-off Date have been consolidated with the principal balance secured by the Mortgage, and such principal balance, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee's consolidated interest or by other title evidence acceptable to Purchaser. There is no obligation on the part of the Seller or any other party to make payments in addition to those made by the Mortgagor. The Unpaid Principal Balance as of the Cut-off Date does not exceed the original principal amount of such Mortgage Loan. All costs, fees and expenses incurred in making, or closing or recording such Mortgage Loan have been paid and the Mortgagor is not entitled to any refund of any amounts paid or due to the Mortgagee pursuant to the Mortgage Note or Mortgage; (q) Such Mortgage Loan is covered by an ALTA mortgage title insurance policy or such other generally used and acceptable form of policy (which has an adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1, if applicable), or insurance acceptable to Xxxxxx Xxx or Xxxxxxx Mac (with environmental lien endorsement and condominium endorsement, to the extent applicable), issued by and the valid and binding obligation of a title insurer acceptable to Xxxxxx Mae or Xxxxxxx Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring the Seller, and its successors and assigns, as to the first priority lien of the Mortgage in the original principal amount of such Mortgage Loan, and with respect to Adjustable Rate Mortgage Loans, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment in the Mortgage Interest Rate and Monthly Payment, such mortgage title insurance policy is in full force and effect. Additionally, such lender's title insurance policy affirmatively insures ingress and egress to and from the Mortgaged Property, and against encroachments by or upon the Mortgaged Property or any interest therein. The Seller is the sole insured of such lender's title insurance policy, and such lender's title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Seller, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy; (r) All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable under the Xxxxxx Mae Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Xxxxxx Xxx Guides or by the Xxxxxxx Mac Guides, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans, and (ii) the greater of (a) the outstanding principal balance of the Mortgage Loan, and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the mortgagee from becoming a co-insurer. All such standard hazard policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Seller and its successors in interest and assigns as loss payee and such clause is still in effect and all premiums due thereon have been paid. If the Mortgaged Property is located in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards (and such flood insurance has been made available), such Mortgaged Property is covered by a flood insurance policy meeting the requirements of current guidelines of the Federal Insurance Administration which policy conforms to the requirements of Xxxxxx Xxx and Xxxxxxx Mac. Each individual insurance policy has been validly issued and is in full force and effect. The Seller has caused to be performed any and all acts required to preserve the rights and interests of the Purchaser in all insurance policies required by this Agreement, including, without limitation, notification of insurers, and assignment of policies or interests therein. Each individual insurance policy contains a standard mortgagee clause naming the Seller, and its successors and assigns, as mortgagee and loss payee. All premiums thereon have been paid. The Mortgage obligates the Mortgagor to maintain all such insurance at the Mortgagor's cost and expense, and upon the Mortgagor's failure to do so, authorizes the Purchaser of the Mortgage to obtain and maintain such insurance at the Mortgagor's cost and expense and to seek reimbursement therefore from the Mortgagor, and no action, inaction or event has occurred, and no state of facts exists that has, or will result in, the exclusion from, or denial of, or defense to the coverage of any such insurance policy or the validity, binding effect and enforceability thereof; (s) There is no valid offset, defense, counterclaim or right of rescission as to any Mortgage Note or Mortgage, including the obligation of the Mortgagor to pay the unpaid principal of or interest on such Mortgage Note nor will the operation of any of the terms of the Mortgage Note or the exercise of any right thereunder render the Mortgage unenforceable, in-whole or in-part, or subject to any off-set, defense, counterclaim or right of rescission; (t) Each Mortgage Loan was originated by the Seller; or by a savings and loan association, savings bank, commercial bank, credit union, insurance Seller, or similar institution that is supervised and examined by a Federal or state authority; or by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act. Such Mortgage Loan has not been sold by the Seller to any Person other than the Purchaser; (u) Principal payments on such Mortgage Loan commenced no more than sixty days after funds were disbursed in connection with such Mortgage Loan. The Mortgage Note requires a Monthly Payment (which changes on each Adjustment Date with respect to Adjustable Rate Mortgage Loans) which is sufficient to fully amortize the original principal balance over the remaining term thereof and to pay interest at the Mortgage Interest Rate. Such Mortgage Loan does not contain terms or provisions which would result in negative amortization. The Index, the Gross Margin, the Maximum Mortgage Interest Rate, the Minimum Mortgage Interest Rate, the Periodic Rate Cap, and the Initial Rate Cap is as provided on the UBS Website. No Mortgage Loan is a Convertible Mortgage Loan; (v) Such Mortgage Loan is a conventional residential mortgage loan having an original term to maturity of not more than thirty years with interest payable in arrears on the first day of each month; (w) The Mortgage contains customary and enforceable provisions which render the rights and remedies of the Purchaser thereof adequate for the realization against the Mortgaged Property of the benefits of the security, including (i) in the case of a Mortgage designated as a deed of trust, by trustee's sale, and (ii) otherwise by judicial foreclosure. Following origination of the Mortgage Loan, the Mortgaged Property has not been subject to any bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed for protection under applicable bankruptcy laws. There is no homestead, dower, curtesy, or other exemption or right available to the Mortgagor or any other person which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose the Mortgage. The Mortgage contains customary and enforceable provisions for the acceleration of the payment of the unpaid principal balance of such Mortgage Loan in the event all or any part of the related Mortgaged Property is sold or otherwise transferred without the prior consent of the Purchaser thereunder; (x) If the Mortgage constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in such Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale after default by the Mortgagor; (y) The Mortgaged Property consists of a single parcel of real property separately assessed for tax purposes, upon which is erected a detached or an attached one-to-four family residence, or an individual condominium unit, or an individual unit in a planned unit development. Such residence, dwelling, or unit is not (i) a property constituting part of a syndication, (ii) a time share unit, (iii) a mobile home or (iv) a recreational vehicle. No portion of any Mortgaged Property is being used for commercial purposes. Any condominium unit or planned unit development is acceptable to Xxxxxx Xxx or Xxxxxxx Mac or is otherwise "warrantable" with respect thereto; (z) With respect to each Mortgage Loan secured in whole or in part by the interest of the Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease") the real property securing such Mortgage Loan is located in a jurisdiction in which the use of leasehold estates for residential properties is a widely-accepted practice and: (i) Such Ground Lease is valid, in good standing, and in full force and effect; (ii) The lessee is not in default under any provision of the lease; (iii) The term of the Ground Lease exceeds the maturity date of the related Mortgage Loan by at least ten years; (iv) The mortgagee under the Mortgage Loan is given at least 30 days' notice of any default and an opportunity to cure any defaults under the Ground Lease or to take over the Mortgagor's rights under the Ground Lease; (v) The Ground Lease does not contain any default provisions that could give rise to forfeiture or termination of the Ground Lease except for the non-payment of the Ground Lease rents; and (vi) The Ground Lease provides that the leasehold can be transferred, mortgaged and sublet an unlimited number of times either without restriction or on payment of a reasonable fee and delivery of reasonable documentation to the lessor. (aa) No Mortgage Loan had a Loan-to-Value Ratio at the time of origination of more than 95%. None of the Mortgage Loans are covered by "lender paid" mortgage insurance; (bb) No action has been taken or omitted, and no event has occurred and no state of facts exists or has existed on or prior to the Funding Date (whether or not known to the Seller on or prior to such date) which has resulted or will result in an exclusion from, denial of, or defense to coverage under any insurance policy related to a Mortgage Loan, including, without limitation, any exclusions, denials, or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured, whether arising out of actions, representations, errors, omissions, negligence, or fraud of the Seller, the related Mortgagor, or any party involved in the application for such coverage, including the appraisal, plans and specifications and other exhibits or documents submitted therewith to the insurer under such insurance policy, or for any other reason under such coverage, but not including the failure of such insurer to pay by reason of such insurer's breach of such insurance policy or such insurer's financial inability to pay; (cc) Such Mortgage Loan was underwritten in accordance with the UBS Guide and the Mortgage and Mortgage Note are on forms acceptable to Xxxxxx Mae and Xxxxxxx Mac; (dd) There exist no deficiencies with respect to escrow deposits and payments, if such are required, for which customary arrangements for repayment thereof have not been made or which the Seller expects not to be cured, and no escrow deposits or payments of other charges or payments due the Seller have been capitalized under the Mortgage or the Mortgage Note; (ee) Such Mortgage Loan does not have a shared appreciation feature or other contingent interest feature; (ff) No statement, report, or other document constituting a part of the Mortgage File contains any untrue statement of fact or omits to state a fact necessary to make the statements contained therein not misleading; (gg) The Mortgagor has received all disclosure materials, if any, required by applicable law with respect to the making of each Mortgage Loan and the Mortgagor has executed one or more statements acknowledging such receipt; (hh) The Mortgage File contains an appraisal of the related Mortgaged Property which is on the appropriate appraisal form, as described in the UBS Guide, with an interior inspection and was signed prior to the approval of the application for such Mortgage Loan by a qualified appraiser, duly appointed by the originator of such Mortgage Loan, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of such application and otherwise meets the requirements of the Xxxxxx Mae Guides (MBS Special Servicing Option) or the Xxxxxxx Mac Guide. Each appraisal was made in accordance with the relevant provisions of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and is on a form acceptable to Xxxxxx Mae or Xxxxxxx Mac; (ii) No Mortgage Loan is (a) subject to, covered by or in violation of the Home Ownership and Equity Protection Act of 1994 ("HOEPA"), (b) classified as "high cost," "covered," "high risk home", "high-rate, high-fee", "threshold," or "predatory" loans under HOEPA or any other applicable state, federal or local law, including any predatory or abusive lending laws (or similarly classified loans using different terminology under a law imposing heightened scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees), (c) a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the Standard & Poor's LEVELS(R) Glossary Revised, Appendix E) or (d) in violation of any state law or ordinance comparable to HOEPA; (jj) The Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage; (kk) No Mortgage Loan contains provisions pursuant to which Monthly Payments are (a) paid or partially paid with funds deposited in any separate account established by the Seller, the Mortgagor, or anyone on behalf of the Mortgagor, (b) paid by any source other than the Mortgagor or (c) except any Mortgage Loan identified by Seller as a Buydown Loan on the UBS Website, contains any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment Mortgage Loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature; (ll) The Seller has no knowledge of any circumstances or condition with respect to the Mortgaged Property, the Mortgagor, the Mortgagor's credit standing or the Mortgage that can reasonably be expected to cause the Mortgage Loan to be an unacceptable investment, cause the Mortgage Loan to become delinquent, or adversely affect the value of the Mortgage Loan; (mm) No Mortgage Loan has a balloon payment feature; (nn) No Mortgage Loan which is a cash-out refinancing was originated in the State of Texas; (oo) Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months; (pp) The Mortgaged Property is in compliance with all applicable environmental laws pertaining to environmental hazards including, without limitation, asbestos, and neither the Seller nor, to the Seller's knowledge, the related Mortgagor, has received any notice of any violation or potential violation of such law; (qq) No misrepresentation, fraud or similar occurrence with respect to a Mortgage Loan has taken place on the part of any Person, including without limitation the Seller, any prior originator or servicer, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the origination of the Mortgage Loan or in the application of any insurance in relation to such Mortgage Loan; (rr) The related Mortgagor has not requested any relief allowed to such Mortgagor under the Servicemembers' Civil Relief Act of 1940; (ss) Except as identified by Seller on the UBS Website, the Mortgage Loan is not subject to a prepayment penalty. For any Mortgage Loan originated prior to October 1, 2002 that is subject to a prepayment penalty, such prepayment penalty does not extend beyond five years after the date of origination. For any Mortgage Loan originated on or following October 1, 2002 that is subject to a prepayment penalty, such prepayment penalty does not extend beyond three years after the date of origination. Any such prepayment penalty is enforceable and was originated in compliance with all applicable federal, state, and local laws. With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the loan's origination, the Mortgagor agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) prior to the loan's origination, the Mortgagor was offered the option of obtaining a Mortgage Loan that did not require payment of such a premium, (iii) the prepayment premium is disclosed to the Mortgagor in the loan documents pursuant to applicable state and federal law, and (iv) notwithstanding any state or federal law to the contrary, the Seller shall not impose such prepayment premium in any instance when the mortgage debt is accelerated as the result of the Mortgagor's default in making the loan payments; (tt) With respect to each Mortgage Loan, the Seller has fully and accurately furnished complete information on the related borrower credit files on a monthly basis to Equifax, Experian and Trans Union Credit Information Company, in accordance with the Fair Credit Reporting Act and its implementing regulations; (uu) The Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities; (vv) Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1); (ww) The Seller has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the "ANTI-MONEY LAUNDERING LAWS"); the Seller has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. No Mortgage Loan is subject to nullification pursuant to Executive Order 13224 (the "Executive Order") or the regulations promulgated by the Office of Foreign Assets Control of the United States Department of the Treasury (the "OFAC Regulations") or in violation of the Executive Order or the OFAC Regulations, and no Mortgagor is subject to the provisions of such Executive Order or the OFAC Regulations nor listed as a "blocked person" for purposes of the OFAC Regulations; (xx) No predatory or deceptive lending practices, including but not limited to, the extension of credit to the applicable Mortgagor without regard for said Mortgagor's ability to repay the Mortgage Loan and the extension of credit to said Mortgagor which has no apparent benefit to said Mortgagor, were employed by the originator of the Mortgage Loan in connection with the origination of the Mortgage Loan. Each Mortgage Loan is in compliance with the anti-predatory lending eligibility for purchase requirements of the Xxxxxx Xxx Guides; (yy) No Mortgage Loan is a "High Cost Home Loan" as defined in the Georgia Fair Lending Act, as amended (the "Georgia Act") or the New York Banking Law 6-1. No Mortgage Loan secured by owner occupied real property or an owner occupied manufactured home located in the State of Georgia was originated (or modified) on or after October 1, 2002 through and including March 6, 2003; (zz) No Mortgage Loan (a) is secured by property located in the State of New York; (b) had an unpaid principal balance at origination of $300,000 or less, and (c) has an application date on or after April 1, 2003, the terms of which Mortgage Loan equal or exceed either the APR or the points and fees threshold for "high-cost home loans," as defined in Section 6-L of the New York State Banking Law; (aaa) No Mortgagor was encouraged or required to select a Mortgage Loan product offered by the Mortgage Loan's originator which is a higher cost product designed for less creditworthy borrowers, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt to income ratios for a lower cost credit product then offered by the Mortgage Loan's originator or any affiliate of the Mortgage Loan's originator. If, at the time of loan application, the Mortgagor may have qualified for a for a lower cost credit product then offered by any mortgage lending affiliate of the Mortgage Loan's originator, the Mortgage Loan's originator referred the Mortgagor's application to such affiliate for underwriting consideration; (bbb) The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan; (ccc) All fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation; (ddd) With respect to each Co-op Loan, the related Mortgage is a valid, enforceable and subsisting first security interest on the related cooperative shares securing the related cooperative note, subject only to (a) liens of the cooperative for unpaid assessments representing the Mortgagor's pro rata share of the cooperative's payments for its blanket mortgage, current and future real property taxes, insurance premiums, maintenance fees and other assessments to which like collateral is commonly subject and (b) other matters to which like collateral is commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Security Agreement. There are no liens against or security interest in the cooperative shares relating to each Co-op Loan (except for unpaid maintenance, assessments and other amounts owed to the related cooperative which individually or in the aggregate will not have a material adverse effect on such Co-op Loan), which have priority over the Seller's security interest in such cooperative shares; (eee) With respect to each Co-op Loan, a search for filings of financing statements has been made by a company competent to make the same, which company is acceptable to Xxxxxx Xxx or Xxxxxxx Mac and is qualified to do business in the jurisdiction where the cooperative unit is located, and such search has not found anything which would materially and adversely affect the Co-op Loan; (fff) With respect to each Co-op Loan, the related cooperative corporation that owns title to the related cooperative apartment building is a "cooperative housing corporation" within the meaning of Section 216 of the Code, and is in material compliance with applicable federal, state and local laws which, if not complied with, could have a material adverse effect on the Mortgaged Property; (ggg) With respect to each Co-op Loan, there is no prohibition against pledging the shares of the cooperative corporation or assigning the Co-op Lease; (hhh) All points and fees related to each Mortgage Loan were disclosed in writing to the related Mortgagor in accordance with applicable state and federal law and regulations. Except in the case of a Mortgage Loan in an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no related Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such Mortgage Loan, such 5% limitation is calculated in accordance with Xxxxxx Mae's anti-predatory lending requirements as set forth in the Xxxxxx Xxx Selling Guide; (iii) With respect to each Buydown Loan: (i) On or before the date of origination of such Mortgage Loan, the Seller and the Mortgagor, or the Seller, the Mortgagor and the seller of the Mortgaged Property or a third party entered into a Buydown Agreement. The Buydown Agreement provides that the seller of the Mortgaged Property (or third party) shall deliver to the Seller Buydown Funds in an amount equal to the aggregate undiscounted amount of payments that, when added to the amount the Mortgagor on such Mortgage Loan is obligated to pay on each Due Date in accordance with the terms of the Buydown Agreement, is equal to the full scheduled Monthly Payment due on such Mortgage Loan; (ii) The Mortgage and the Note reflect the permanent payment terms rather than the payment terms of the Buydown Agreement. The Buydown Agreement provides for the payment by the Mortgagor of the full amount of the Monthly Payment on any Due Date that the Buydown Funds are not available. The Buydown Funds were not used to reduce the original principal balance of the Mortgage Loan or to increase the Appraised Value of the Mortgaged Property when calculating the LTV for purposes of this Agreement and, if the Buydown Funds were provided by the Seller and if required under Xxxxxx Mae and Xxxxxxx Mac guidelines, the terms of the Buydown Agreement were disclosed to the appraiser of the Mortgaged Property; (iii) The Buydown Funds may not be refunded to the Mortgagor unless the Mortgagor makes a principal payment for the outstanding balance of the related Mortgage Loan; and (iv) As of the date of origination of the Mortgage Loan, the provisions of the related Buydown Agreement complied with the requirements of Xxxxxx Mae and Xxxxxxx Mac regarding buydown agreements. (jjj) No Mortgage Loan is a "High Cost Home Loan" as defined in the Arkansas Home Loan Protection Act effective July 14, 2003 (Act 1340 or 2003); (kkk) No Mortgage Loan is a "High Cost Home Loan" as defined in the Kentucky high-cost loan statute effective June 25, 2003 (Ky. Rev. Stat. Section 360.100); (lll) No Mortgage Loan secured by property located in the State of Nevada is a "home loan" as defined in the Nevada Assembly Xxxx No. 284; (mmm) No Mortgage Loan originated in the City of Oakland is subject to the City of Oakland, California Ordinance 12361, (the "Ordinance") as a home loan; (nnn) No Mortgage Loan is a subsection 10 mortgage under the Oklahoma Home Ownership and Equity Protection Act; (ooo) No Mortgage Loan is a "High-Risk Home Loan" as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.); (ppp) No Mortgage Loan is a "High-Cost Home Loan" as defined in the New Mexico Home Loan Protection Act effective January 1, 2004 (N.M. Stat. Xxx. xx.xx. 58-21A-1 et seq.); (qqq) No Mortgage Loan is a "High-Cost Home Loan" under the New Jersey Home Ownership Security Act of 2002 (the "NJ Act"); and each Mortgage Loan subject to the NJ Act is considered under the NJ Act as, either, a (1) purchase money Home Loan, (2) purchase money Covered Loan (with respect to Mortgage Loans which were originated between November 26, 2003 and July 7, 2004), or (3) a rate/term refinance Home Loan; (rrr) No Mortgage Loan originated in the city of Los Angeles, California on or after the effective date of the Los Angeles, California anti-predatory lending ordinance is a "high-cost refinance home loan" under such ordinance; (sss) No Mortgage Loan that is secured by property located within the State of Maine meets the definition of a (i) "high-rate, high-fee" mortgage loan under Article VIII, Title 9-A of the Maine Consumer Credit Code or (ii) "High-Cost Home Loan" as defined under the Maine House Xxxx 383 X.X. 494, effective as of September 13, 2003; (ttt) With respect to any Mortgage Loan originated on or after August 1, 2004, no Mortgagor agreed to submit to arbitration to resolve any dispute arising out of or relating in any way to the Mortgage Loan transaction; (uuu) No Mortgage Loan was made in connection with (A) the construction or rehabilitation of a Mortgaged Property or (B) facilitating the trade-in or exchange of a Mortgaged Property; (vvv) Each Mortgage Loan is eligible for sale in the secondary mortgage market or for securitization without unreasonable credit enhancement; (www) No Mortgage Loan is a "High-Cost Home Mortgage Loan" as defined in the Massachusetts Predatory Home Loan Practices Act, effective November 6, 2004 (Mass. Xxx. Laws Ch. 183C); (xxx) With respect to any Mortgage Loan for which a mortgage loan application was submitted by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by Mortgaged Property in the State of Illinois which has a Mortgage Interest Rate in excess of 8.0% per annum has lender-imposed fees (or other charges) in excess of 3.0% of the original principal balance of the Mortgage Loan; and (yyy) The Mortgagor has not made or caused to be made any payment in the nature of an `average' or `yield spread premium' to a mortgage broker or a like Person which has not been fully disclosed to the Mortgagor. SECTION 3.2 REPRESENTATIONS OF SELLER AS OF THE FUNDING DATE Seller hereby represents and warrants to Purchaser as of each Funding Date: (a) Seller is a corporation duly organized, validly existing, and in good standing under the laws of the state of its formation, and has all licenses necessary to carry on its business as now being conducted and is licensed, qualified and in good standing in the states where the Mortgaged Properties are located if the laws of such states require licensing or qualification in order to conduct business of the type conducted by Seller and to the extent necessary to ensure the enforceability of each Mortgage Loan in accordance with this Agreement; Seller has the corporate power and authority to hold each Mortgage Loan, to sell each Mortgage Loan, to enter into, execute, and deliver this Agreement and all documents and instruments executed and delivered pursuant hereto and to perform its obligations in accordance therewith; the execution, delivery, and performance of this Agreement by Seller and the consummation of the transactions contemplated hereby have been duly and validly authorized; this Agreement evidences the valid, binding and enforceable obligations of Seller; and all requisite corporate action has been taken by Seller to make this Agreement valid and binding upon Seller in accordance with its terms. (b) No consent, approval, authorization, or order of any court or governmental agency or body relating to the transactions contemplated by this Agreement and the transfer of legal title to the Mortgage Loans to Purchaser, is required as to Seller or, if required, such consent, approval, authorization, or order has been or will, prior to the Funding Date, be obtained except for any recordations of Assignments of Mortgages to or for the benefit of Purchaser pursuant to this Agreement. No licenses or approvals obtained by Seller have been suspended or revoked by any court, administrative agency, arbitrator or governmental body and no proceedings are pending which might result in such suspension or revocation. (c) The consummation of the transactions contemplated by this Agreement, including, without limitation, the transfer and assignment of the Mortgage Loans to or for the benefit of Purchaser pursuant to this Agreement and the fulfillment of or compliance with the terms and conditions of this Agreement, are in the ordinary course of business of Seller, are not subject to the bulk transfer or any similar statutory provision, and will not result in the breach of any term or provision of the articles of incorporation or bylaws of Seller or result in the breach of any term or provision of, or conflict with or constitute a default under, or result in the acceleration of any obligation under, any agreement, indenture, Mortgage Loan or credit agreement, or other instrument to which Seller or its property is subject, or result in the violation of any law, rule, regulation, order, judgment, or decree to which Seller or its property is subject. (d) There is no action, suit, proceeding or investigation pending or threatened against Seller which, either in any one instance or in the aggregate would be reasonably likely to result in any material impairment of the right or ability of Seller to carry on its business substantially as now conducted, or which would create any material liability for Seller, or which would draw into question the validity of this Agreement, or the Mortgage Loans, or of any action taken or to be taken in connection with the obligations of Seller contemplated herein or therein, including but not limited to the sale of the Mortgage Loans, or which would be likely to impair materially the ability of Seller to perform its obligations hereunder or thereunder. (e) Seller is a HUD approved mortgagee pursuant to Section 203 of the National Housing Act. No event has occurred, including but not limited to a change in insurance coverage, which would make the Seller unable to comply with HUD eligibility requirements or which would require notification to HUD. (f) Seller does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement. Seller is solvent, and the sale of the Mortgage Loans will not cause Seller to become insolvent. The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of Seller's creditors. (g) Seller is not in default with respect to any order, judgment, writ, injunction or decree of any court or any order, demand or regulation of any federal, state, municipal or governmental agency, which default might have consequences that would materially and adversely affect the condition (financial or otherwise) or operations of Seller or its properties or might have consequences that would affect its performance hereunder. (h) The origination, servicing and collection practices used by the Seller and any prior originator or servicer with respect to such Mortgage Loan have been in all material respects legal, proper, prudent and customary in the mortgage origination and servicing business. The servicing and collection practices used by the Seller and any prior servicer with respect to such Mortgage Loan have been in all material respects in compliance with the Xxxxxx Xxx Guide. (i) The consideration received by the Seller upon the sale of the Mortgage Loans constitutes fair consideration and reasonably equivalent value for such Mortgage Loan. ASSIGNMENT AND RECOGNITION AGREEMENT THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated February 22, 2006, ("Agreement") among UBS Real Estate Securities Inc. ("ASSIGNOR"), Mortgage Asset Securitization Transactions, Inc. ("ASSIGNEE") and Novelle Financial Services, Inc. (the "COMPANY"): For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows: ASSIGNMENT AND CONVEYANCE 1. The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller's Purchase, Warranties and Interim Servicing Agreement dated as of January 1, 2005 as amended (the "PURCHASE AGREEMENT"), between the Assignor, as purchaser (the "PURCHASER"), and the Company, as seller, solely insofar as the Purchase Agreement relates to those mortgage loans set forth on the schedule (the "MORTGAGE LOAN SCHEDULE") attached hereto as EXHIBIT A (the "MORTGAGE LOANS") and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement. The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement. RECOGNITION OF THE COMPANY 2. From and after the date hereof, the Company shall and does hereby recognize that the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2006-HE1 (the "TRUST") created pursuant to a Pooling and Servicing Agreement, dated as of February 1, 2006 (the "POOLING AGREEMENT"), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the "MASTER SERVICER") and trust administrator (in such capacity, the "TRUST ADMINISTRATOR") as servicer (in such capacity, the "SERVICER"), JPMorgan Chase Bank, National Association, as servicer (in such capacity, the "SERVICER") and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the "TRUSTEE"). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company's performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 3. The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that: (a) Attached hereto as EXHIBIT B is a true and accurate copy of the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder; (b) The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation; (c) The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company's business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company's charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; (d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and (e) There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent. 4. Pursuant to Section 8.01(b)(iii) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof; provided, however, the representations and warranties set forth in Sections 3.02(c) (other than the third clause therein), (d), (e), (g), (i) (other than the last sentence therein), (j), (m), (n), (o), (p), (r), (w), (z), (ff), (hh) and (ccc) of the Purchase Agreement are re-made as of the date hereof only based on the Company's actual knowledge with respect to acts or omissions following March 1, 2005 (the "Servicing Transfer Date"). 5. The Assignor hereby makes the following representation and warranty as of the date hereof: (a) Each Mortgage Loan at the time it was made complied in all material respects with applicable local, state, and federal laws, including, but not limited to, all applicable predatory and abusive lending laws; (b) None of the Mortgage Loans are High Cost as defined by any applicable predatory and abusive lending laws; (c) No Mortgage Loan is a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the then current Standard & Poor's LEVELS(R) Glossary which is now Version 5.6c Revised, Appendix E); and (d) There is no Mortgage Loan that was originated on or after March 7, 2003, which is a "high cost home loan" as defined under the Georgia Fair Lending Act. REMEDIES FOR BREACH OF REPRESENTATIONS AND WARRANTIES 6. The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Sections 3.02 (ee), (pp), (vv), (ccc), (ggg) and (ooo) of the Purchase Agreement will be deemed to materially adversely affect the interest of the certificateholders and shall require a repurchase of the affected Mortgage Loans(s). The Assignor hereby acknowledges and agrees that the remedies available to the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling Agreement as if they were set forth herein. The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Section 5 above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). MISCELLANEOUS 7. This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 8. No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator. 9. This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder. 10. Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement. 11. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument. 12. In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control. 13. Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement. [SIGNATURE PAGE FOLLOWS] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written. UBS REAL ESTATE SECURITIES INC. By: -------------------------------------- Name: -------------------------------------- Title: -------------------------------------- MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. By: -------------------------------------- Name: -------------------------------------- Title: -------------------------------------- NOVELLE FINANCIAL SERVICES, INC. By: -------------------------------------- Name: -------------------------------------- Title: -------------------------------------- EXHIBIT A Mortgage Loan Schedule EXHIBIT B Section 3.01 REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company represents, warrants and covenants to the Purchaser that as of each Closing Date and as of each Servicing Transfer Date or as of such date specifically provided herein: (a) The Company is a corporation duly organized and validly existing under the laws of Delaware. The Company has all licenses necessary to carry out its business as now being conducted, and is licensed and qualified to transact business in and is in good standing under the laws of each state in which any Mortgaged Property is located or is otherwise exempt under applicable law from such licensing or qualification or is otherwise not required under applicable law to effect such licensing or qualification and no demand for such licensing or qualification has been made upon the Company by any such state, and in any event the Company is in compliance with the laws of any such state to the extent necessary to ensure the enforceability of each Mortgage Loan and the interim servicing of the Mortgage Loans in accordance with the terms of this Agreement. No licenses or approvals obtained by the Company have been suspended or revoked by any court, administrative agency, arbitrator or governmental body and no proceedings are pending which might result in such suspension or revocation; (b) The Company has the full power and authority and legal right to hold, transfer and convey each Mortgage Loan, to sell each Mortgage Loan and to execute, deliver and perform, and to enter into and consummate all transactions contemplated by this Agreement and the related Confirmation and to conduct its business as presently conducted; the Company has duly authorized the execution, delivery and performance of this Agreement and any agreements contemplated hereby, has duly executed and delivered this Agreement and the related Confirmation, and any agreements contemplated hereby, and this Agreement and the related Confirmation and each Assignment of Mortgage to the Purchaser and any agreements contemplated hereby, constitute the legal, valid and binding obligations of the Company, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar laws, and by equitable principles affecting the enforceability of the rights of creditors; and all requisite corporate action has been taken by the Company to make this Agreement, the related Confirmation and all agreements contemplated hereby valid and binding upon the Company in accordance with their terms; (c) Neither the execution and delivery of this Agreement, the related Confirmation, the sale of the Mortgage Loans to the Purchaser, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement and the related Confirmation will conflict with any of the terms, conditions or provisions of the Company's charter or by-laws or materially conflict with or result in a material breach of any of the terms, conditions or provisions of any legal restriction or any agreement or instrument to which the Company is now a party or by which it is bound, or constitute a default or result in an acceleration under any of the foregoing, or result in the material violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject; (d) There is no litigation, suit, proceeding or investigation pending or threatened, or any order or decree outstanding, which is reasonably likely to have a material adverse effect on the sale of the Mortgage Loans, the execution, delivery, performance or enforceability of this Agreement or the related Confirmation, or which is reasonably likely to have a material adverse effect on the financial condition of the Company. Furthermore, other than as provided to the Purchaser in writing by the Seller, there is no legal proceeding pending (or known to be contemplated by governmental authorities) against the Seller of the Mortgage Loans that is material to any securityholder of any securitization affected by the Purchaser that is required to be disclosed by the Purchaser or any affiliate of the Purchaser as provided in Item 1117 of Regulation AB; (e) No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Company of or compliance by the Company with this Agreement and the related Confirmation, except for consents, approvals, authorizations and orders which have been obtained; (f) The consummation of the transactions contemplated by this Agreement and the related Confirmation are in the ordinary course of business of the Company, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Company pursuant to this Agreement and the related Confirmation are not subject to bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction; (g) The origination, servicing and collection practices with respect to each Mortgage Note and Mortgage have been legal and in accordance with applicable laws and regulations, and in all material respects in accordance with Accepted Servicing Practices. The Company further represents and warrants that: with respect to escrow deposits and payments that the Company is entitled to collect, all such payments are in the possession of, or under the control of, the Company or its delegate, and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made; all escrow payments have been collected and are being maintained in full compliance with applicable state and federal law and the provisions of the related Mortgage Note and Mortgage; as to any Mortgage Loan that is the subject of an escrow, escrow of funds is not prohibited by applicable law and has been established in an amount sufficient to pay for every escrowed item that remains unpaid and has been assessed but is not yet due and payable; no escrow deposits or other charges or payments due under the Mortgage Note have been capitalized under any Mortgage or the related Mortgage Note; all Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage Note; and any interest required to be paid pursuant to state and local law has been properly paid and credited; (h) The Company has not used selection procedures that identified the Mortgage Loans as being less desirable or valuable than other comparable mortgage loans in the Company's portfolio at the related Closing Date; (i) The Company will treat the transfer of the Mortgage Loans to the Purchaser as a sale for reporting and accounting purposes and, to the extent appropriate, for federal income tax purposes. The Company shall maintain a complete set of books and records for each Mortgage Loan which shall be clearly marked to reflect the ownership of such Mortgage Loan by the Purchaser; (j) The Company is a seller/servicer of residential mortgage loans for prudent investors in the secondary market and HUD, with such facilities, procedures and personnel necessary for the sound servicing of such mortgage loans. The Company is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws and regulations and is in good standing to sell mortgage loans to and service mortgage loans for prudent investors in the secondary market and no event has occurred which would make the Company unacceptable to such prudent investors in the secondary market; (k) The Company does not believe, nor does it have any cause or reason to believe, that it cannot perform each and every covenant contained in this Agreement and the related Confirmation applicable to it. The Company is solvent and the sale of the Mortgage Loans will not cause the Company to become insolvent. The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of the Company's creditors; (l) No statement, tape, diskette, form, report or other document prepared by, or on behalf of, the Company pursuant to this Agreement, the related Confirmation or in connection with the transactions contemplated hereby, contains or will contain any statement that is or will be inaccurate or misleading in any material respect. The Company has prudently originated and underwritten each Mortgage Loan; (m) The consideration received by the Company upon the sale of the Mortgage Loans constitutes fair consideration and reasonably equivalent value for such Mortgage Loans; (n) The Company has delivered to the Purchaser financial statements as to its last two complete fiscal years. All such financial statements fairly present the pertinent results of operations and changes in financial position for each of such periods and the financial position at the end of each such period of the Company and its subsidiaries and have been prepared in accordance with GAAP consistently applied throughout the periods involved, except as set forth in the notes thereto. There has been no change in the business, operations, financial condition, properties or assets of the Company since the date of the Company's financial statements that would have a material adverse effect on its ability to perform its obligations under this Agreement or the related Confirmation; (o) The Company has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans; and (p) The Company is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the MERS Mortgage Loans for as long as such Mortgage Loans are registered with MERS. (q) As of the date of each Pass-Through Transfer, and except as has been otherwise disclosed to the Purchaser: (1) there are no aspects of the Seller's financial condition that could have a material adverse impact on the performance by the Seller of its obligations hereunder; (2) there are no legal proceedings pending, or known to be contemplated by governmental authorities, against the Seller that could be material to investors in the securities issued in such Pass-Through Transfer; and (3) there are no affiliations, relationships or transactions relating to the Seller of a type that are described under Item 1119 of Regulation AB. Section 3.02 REPRESENTATIONS AND WARRANTIES AS TO INDIVIDUAL MORTGAGE LOANS. The Company hereby represents and warrants to the Purchaser, as to each Mortgage Loan, as of the related Closing Date and as of the related Servicing Transfer Date as follows: (a) The information set forth in the related Mortgage Loan Schedule, including any diskette or other related data tapes sent to the Purchaser, is complete, true and correct in all material respects; (b) The Mortgage creates a (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule) or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien (as reflected on the Mortgage Loan Schedule), in either case, in the related Mortgaged Property securing the related Mortgage Note; (c) All payments due on or prior to the related Closing Date for such Mortgage Loan have been made as of the related Closing Date, the Mortgage Loan is not delinquent in payment more than 30 days and has not been dishonored; there are no material defaults under the terms of the Mortgage Loan; the Company has not advanced funds, or induced, solicited or knowingly received any advance of funds from a party other than the owner of the Mortgaged Property subject to the Mortgage, directly or indirectly, for the payment of any amount required by the Mortgage Loan; no payment with respect to each Mortgage Loan has been delinquent during the preceding twelve-month period; (d) All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or escrow funds have been established in an amount sufficient to pay for every such escrowed item which remains unpaid and which has been assessed but is not yet due and payable; (e) The terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any respect, except by written instruments which have been recorded to the extent any such recordation is required by law. No instrument of waiver, alteration or modification has been executed, and no Mortgagor has been released, in whole or in part, from the terms thereof except in connection with an assumption agreement and which assumption agreement is part of the Mortgage File and the terms of which are reflected in the related Mortgage Loan Schedule; the substance of any such waiver, alteration or modification has been approved by the issuer has been approved by the issuer of any related title insurance policy, to the extent required by the related policy. (f) The Mortgage Note and the Mortgage are not subject to any right of rescission, set-off, counterclaim or defense, including, without limitation, the defense of usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, render the Mortgage Note or Mortgage unenforceable, in whole or in part, or subject to any right of rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto; and the Mortgagor was not a debtor in any state or federal bankruptcy or insolvency proceeding at the time the Mortgage Loan was originated; (g) All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable under the Xxxxxx Xxx Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Xxxxxx Mae Guides or by the Xxxxxxx Mac Guides, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans, and (ii) the greater of (a) either (1) the outstanding principal balance of the Mortgage Loan with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule) or (2) with respect to each Second Lien Mortgage Loan, the sum of the outstanding principal balance of the first lien on such Mortgage Loan and the outstanding principal balance of such Second Lien Mortgage Loan, and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the mortgagee from becoming a co-insurer, but in no event greater than the maximum amount permitted under applicable law. All such standard hazard policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Company and its successors in interest and assigns as loss payee and such clause is still in effect and all premiums due thereon have been paid. If required by the Flood Disaster Protection Act of 1973, as amended, the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration which policy conforms to Xxxxxx Mae and Xxxxxxx Mac requirements, in an amount not less than the amount required by the Flood Disaster Protection Act of 1973, as amended. Such policy was issued by an insurer acceptable under Xxxxxx Mae or Xxxxxxx Mac guidelines. The Mortgage obligates the Mortgagor thereunder to maintain all such insurance at the Mortgagor's cost and expense, and upon the Mortgagor's failure to do so, authorizes the holder of the Mortgage to maintain such insurance at the Mortgagor's cost and expense and to seek reimbursement therefor from the Mortgagor; (h) Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, fair housing, predatory and abusive lending, or disclosure laws applicable to the Mortgage Loan or any related Prepayment Penalty have been complied with in all material respects and the consummation of the transactions contemplated hereby will not involve the violation of any such laws; (i) The Mortgage has not been satisfied, canceled or subordinated (other than the subordination of any Second Lien Mortgage Loan to the related First Lien), in whole or in part, or rescinded, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part nor has any instrument been executed that would effect any such release, cancellation, subordination or rescission. The Company has not waived the performance by the Mortgagor of any action, if the Mortgagor's failure to perform such action would cause the Mortgage Loan to be in default, nor has the Company waived any default resulting from any action or inaction by the Mortgagor; (j) The related Mortgage is a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the Mortgaged Property including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems affixed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing securing the Mortgage Note's original principal balance. The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non-delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and either (A) which are referred to or otherwise considered in the appraisal made for the originator of the Mortgage Loan, or (B) which do not adversely affect the appraised value of the Mortgaged Property as set forth in such appraisal, (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property and (4) with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien on the Mortgaged Property. Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the property described therein, and the Company has the full right to sell and assign the same to the Purchaser; (k) The Mortgage Note and the related Mortgage are original and genuine and each is the legal, valid and binding obligation of the maker thereof, enforceable in all respects in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general application affecting the rights of creditors and by general equitable principles and the Company has taken all action necessary to transfer such rights of enforceability to the Purchaser. All parties to the Mortgage Note and the Mortgage had the legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage. The Mortgage Note and the Mortgage have been duly and properly executed by such parties. No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to a Mortgage Loan has taken place on the part of the Company or the Mortgagor, or, on the part of any other party involved in the origination or servicing of the Mortgage Loan. The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage; (l) The Company is the sole owner of record and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Company will retain the Servicing File in trust for the Purchaser only for the purpose of interim servicing and supervising the interim servicing of the Mortgage Loan. Immediately prior to the transfer and assignment to the Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, were not subject to an assignment or pledge, and the Company had good and marketable title to and was the sole owner thereof and had full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest and has the full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign the Mortgage Loan pursuant to this Agreement and following the sale of the Mortgage Loan, the Purchaser will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. The Company intends to relinquish all rights to possess, control and monitor the Mortgage Loan, except for the purposes of servicing the Mortgage Loan as set forth in this Agreement. Either the Mortgagor is a natural person or the Mortgagor is an inter-vivos trust acceptable to Xxxxxx Mae. With respect to each inter-vivos trust, holding title to the Mortgaged Property in such trust will not diminish any rights as a creditor including the right to full title to the Mortgaged Property in the event foreclosure proceedings are initiated; (m) Each Mortgage Loan is covered by an ALTA lender's title insurance policy issued by a title insurer acceptable to Xxxxxx Xxx or Xxxxxxx Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring (subject to the exceptions contained in (j)(1), (2) and (3) above and, with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (4)) the Company, its successors and assigns, as to the first (or, where applicable, second) priority lien of the Mortgage in the original principal amount of the Mortgage Loan and, with respect to each Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment in the Mortgage Interest Rate and Monthly Payment. Additionally, such policy affirmatively insures ingress and egress to and from the Mortgaged Property. Where required by applicable state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. The Company, its successors and assigns, are the sole insureds of such lender's title insurance policy, such title insurance policy has been duly and validly endorsed to the Purchaser or the assignment to the Purchaser of the Company's interest therein does not require the consent of or notification to the insurer and such lender's title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement and the related Confirmation. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Company, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy; (n) There is no default, breach, violation or event of acceleration existing under the Mortgage or the related Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event permitting acceleration; and neither the Company nor any prior mortgagee has waived any default, breach, violation or event permitting acceleration. With respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) (i) the First Lien is in full force and effect, (ii) there is no default, breach, violation or event of acceleration existing under such First Lien mortgage or the related mortgage note, (iii) to the best of Company's knowledge, no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration thereunder, and either (A) the First Lien mortgage contains a provision which allows or (B) applicable law requires, the mortgagee under the Second Lien Mortgage Loan to receive notice of, and affords such mortgagee an opportunity to cure any default by payment in full or otherwise under the First Lien mortgage; (o) There are no mechanics' or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to or equal to the lien of the related Mortgage which are not insured against under the related title policy; (p) All improvements subject to the Mortgage which were considered in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property (and wholly within the project with respect to a condominium unit) and no improvements on adjoining properties encroach upon the Mortgaged Property except those which are insured against by the title insurance policy referred to in clause (m) above and all improvements on the property comply with all applicable zoning and subdivision laws and ordinances; (q) The Mortgage Loan was originated by or for the Company. The Mortgage Loan complies with all the terms, conditions and requirements of the Company's Underwriting Standards in effect at the time of origination of such Mortgage Loan. The Mortgage Notes and Mortgages (exclusive of any riders) are on forms acceptable to Xxxxxx Xxx or Xxxxxxx Mac. The Mortgage Loan bears interest at the Mortgage Interest Rate set forth in the related Mortgage Loan Schedule, and Monthly Payments under the Mortgage Note are due and payable on the first day of each month. The Mortgage contains the usual and enforceable provisions of the originator at the time of origination for the acceleration of the payment of the unpaid principal amount of the Mortgage Loan if the related Mortgaged Property is sold without the prior consent of the mortgagee thereunder; (r) The Mortgaged Property is not subject to any material damage by waste, fire, earthquake, windstorm, flood or other casualty. At origination of the Mortgage Loan there was, and there currently is, no proceeding pending for the total or partial condemnation of the Mortgaged Property. There have not been any condemnation proceedings with respect to the Mortgaged Property and to the best of Seller's knowledge, there are no such proceedings scheduled to commence at a future date; (s) The related Mortgage contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security provided thereby. There is no homestead or other exemption available to the Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose the Mortgage; (t) If the Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified if required under applicable law to act as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale or attempted sale after default by the Mortgagor; (u) The Mortgage File contains an appraisal of the related Mortgaged Property which, (a) with respect to First Lien Mortgage Loans, is on appraisal form 1004 or form 2055 with an interior inspection, or (b) with respect to Second Lien Mortgage Loans, is on appraisal form 704, 2065 or 2055, and (c) with respect to (a) or (b) above was signed prior to the final approval of the mortgage loan application by a Qualified Appraiser, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and appraiser both satisfy the requirements of Xxxxxx Mae or Xxxxxxx Mac and Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated. The appraisal is in a form acceptable to Xxxxxx Mae or Xxxxxxx Mac; (v) All parties which have had any interest in the Mortgage, whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (A) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (B) (1) organized under the laws of such state, or (2) qualified to do business in such state, or (3) federal savings and loan associations or national banks or a Federal Home Loan Bank or savings bank having principal offices in such state, or (4) not doing business in such state; (w) The related Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in (j) above and such collateral does not serve as security for any other obligation; (x) The Mortgagor has received all disclosure materials required by applicable law with respect to the making of such mortgage loans; (y) The Mortgage Loan does not contain "graduated payment" features and does not have a shared appreciation or other contingent interest feature; no Mortgage Loan contains any buydown provisions; (z) The Mortgagor is not in bankruptcy and the Mortgagor is not insolvent and the Company has no knowledge of any circumstances or condition with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor's credit standing that could reasonably be expected to cause investors to regard the Mortgage Loan as an unacceptable investment, cause the Mortgage Loan to become delinquent, or materially adversely affect the value or marketability of the Mortgage Loan; (aa) Principal payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were disbursed in connection with the Mortgage Loan. The Mortgage Loans have an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. Each Mortgage Note requires a monthly payment which is sufficient to fully amortize the original principal balance over the original term thereof (other than during the interest-only period with respect to a Mortgage Loan identified on the related Mortgage Loan Schedule as an interest-only Mortgage Loan) and to pay interest at the related Mortgage Interest Rate. With respect to each Mortgage Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage Loan, the interest-only period does not exceed ten (10) years (or such lesser period specified on the Mortgage Loan Schedule) and following the expiration of such interest-only period, the remaining Monthly Payments shall be sufficient to fully amortize the original principal balance over the remaining term of the Mortgage Loan. No Mortgage Loan contains terms or provisions which would result in negative amortization. No Mortgage Loan provides for the capitalization or forbearance of interest; (bb) No Mortgage Loan is subject to a lender-paid mortgage insurance policy; (cc) As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located; (dd) The Mortgaged Property is located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a townhouse, or a two-to four-family dwelling, or an individual condominium unit in a condominium project, or an individual unit in a planned unit development or a de minimis planned unit development, provided, however, that no residence or dwelling is a single parcel of real property with a cooperative housing corporation erected thereon, or a mobile home. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date or origination no portion of the Mortgaged Property has been used for commercial purposes; (ee) Except as set forth on the related Mortgage Loan Schedule, none of the Mortgage Loans are subject to a Prepayment Penalty. For any Mortgage Loan originated prior to October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond five years after the date of origination. For any Mortgage Loan originated on or following October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond three years after the date of origination. Any such prepayment penalty is enforceable and was originated in compliance with all applicable federal, state, and local laws. Any such prepayment penalty is permissible and enforceable in accordance with its terms upon the Mortgagor's full and voluntary principal prepayment under applicable law. (ff) The Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities; (gg) If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), or stock in a cooperative housing corporation, such condominium, cooperative or planned unit development project meets the eligibility requirements of Xxxxxx Xxx and Xxxxxxx Mac; (hh) There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property; and nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of said property; (ii) The Mortgagor has not notified the Company requesting relief under the Soldiers' and Sailors' Civil Relief Act of 1940 or the Servicemembers Civil Relief Act, and the Company has no knowledge of any relief requested or allowed to the Mortgagor under the Soldiers' and Sailors' Civil Relief Act of 1940 or the Servicemembers Civil Relief Act or any similar state laws; (jj) As of the related Closing Date, no Mortgage Loan was in construction or rehabilitation status or has facilitated the trade-in or exchange of a Mortgaged Property; (kk) No action has been taken or failed to be taken by the originator or the Seller on or prior to the related Closing Date which has resulted or will result in an exclusion from, denial of, or defense to coverage under any insurance policy related to a Mortgage Loan (including, without limitation, any exclusions, denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud, or for any other reason under such coverage; (ll) The Mortgage Loan was originated by a savings and loan association, a savings bank, a commercial bank, a credit union, an insurance Seller, or similar institution which is supervised and examined by a federal or state authority, or by a mortgagee approved by the Secretary of HUD pursuant to Sections 203 and 211 of the National Housing Act; (mm) No Mortgaged Property is subject to a ground lease; (nn) With respect to any broker fees collected and paid on any of the Mortgage Loans, all broker fees have been properly assessed to the Mortgagor and no claims will arise as to broker fees that are double charged and for which the Mortgagor would be entitled to reimbursement; (oo) With respect to any Mortgage Loan as to which an affidavit has been delivered to the Purchaser certifying that the original Mortgage Note has been lost or destroyed and not been replaced, if such Mortgage Loan is subsequently in default, the enforcement of such Mortgage Loan will not be materially adversely affected by the absence of the original Mortgage Note; (pp) Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1); (qq) Except as provided in Section 2.06, the Mortgage Note, the Mortgage, the Assignment of Mortgage and the other Mortgage Loan Documents set forth in Exhibit A-1 and required to be delivered on the related Closing Date have been delivered to the Purchaser or its designee all in compliance with the specific requirements of this Agreement. With respect to each Mortgage Loan, the Company is in possession of a complete Mortgage File and Servicing File except for such documents as have been delivered to the Purchaser or its designee; (rr) All information supplied by, on behalf of, or concerning the Mortgagor is true, accurate and complete and does not contain any statement that is or will be inaccurate or misleading in any material respect; (ss) To the best of Seller's knowledge, there does not exist on the related Mortgaged Property any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation; (tt) No Mortgage Loan had a Loan-to-Value Ratio at the time of origination of more than 95% and no Mortgage Loan had a Combined Loan-to-Value Ratio at the time of origination of more than 100%; (uu) No Mortgage Loan is (a) subject to, covered by or in violation of the Home Ownership and Equity Protection Act of 1994 ("HOEPA"), (b) classified as a "high cost," "covered," "high risk home", "high-rate, high-fee," "threshold," or "predatory" loan under HOEPA or any other applicable state, federal or local law, including any predatory or abusive lending laws (or a similarly classified loan using different terminology under a law imposing heightened scrutiny or additional legal liability for a residential mortgage loan having high interest rates, points and/or fees), (c) a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the current version of Standard & Poor's LEVELS(R) Glossary Revised, Appendix E) or (d) in violation of any state law or ordinance comparable to HOEPA; (vv) No Mortgagor was required to purchase any credit life, disability, accident or health insurance product as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit life, disability, unemployment, property, mortgage, accident or health insurance policy in connection with the origination of the Mortgage Loan; None of the proceeds of the Mortgage Loan were used to purchase or finance single-premium credit life or disability insurance policies or any comparable insurance; (ww) Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having (A) first lien priority with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien priority with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Data Transmission), in either case, by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan; (xx) Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months; (yy) No Mortgage Loan is a Balloon Mortgage Loan; (zz) With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the related Mortgage Loan Schedule. The related assignment of Mortgage to MERS has been duly and properly recorded; (aaa) With respect to each MERS Mortgage Loan, the Company has not received any notice of liens or legal actions with respect to such Mortgage Loan and no such notices have been electronically posted by MERS; (bbb) Any Mortgaged Property that is considered manufactured housing shall be legally classified as real property, is permanently affixed to a foundation and must assume the characteristics of site-built housing and must otherwise conform to the requirements of Xxxxxx Mae and Xxxxxxx Mac; (ccc) With respect to each Mortgage Loan, the Company has fully and accurately furnished complete information on the related borrower credit files to Equifax, Experian and Trans Union Credit Information Company, in accordance with the Fair Credit Reporting Act and its implementing regulations, on a monthly basis and the Company will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company, on a monthly basis. (ddd) The Company has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the "ANTI-MONEY LAUNDERING LAWS"); the Company has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. No Mortgage Loan is subject to nullification pursuant to Executive Order 13224 (the "Executive Order") or the regulations promulgated by the Office of Foreign Assets Control of the United States Department of the Treasury (the "OFAC Regulations") or in violation of the Executive Order or the OFAC Regulations, and no Mortgagor is subject to the provisions of such Executive Order or the OFAC Regulations nor listed as a "blocked person" for purposes of the OFAC Regulations; (eee) With respect to each Mortgage Loan which is a Second Lien Mortgage Loan (i) if the related first lien provides for negative amortization, the LTV was calculated at the maximum principal balance of such first lien that could result upon application of such negative amortization feature, and (ii) either no consent for the Mortgage Loan is required by the holder of the first lien or such consent has been obtained and is contained in the Mortgage File; (fff) No predatory or deceptive lending practices, including but not limited to, the extension of credit to the applicable Mortgagor without regard for said Mortgagor's ability to repay the Mortgage Loan and the extension of credit to said Mortgagor which has no apparent benefit to said Mortgagor, were employed by the originator of the Mortgage Loan in connection with the origination of the Mortgage Loan. Each Mortgage Loan is in compliance with the anti-predatory lending eligibility for purchase requirements of Xxxxxx Mae's Selling Guide; (ggg) No Mortgage Loan is a "High Cost Home Loan" as defined in the Georgia Fair Lending Act, as amended (the "Georgia Act") or New York Banking Law 6-1. No Mortgage Loan secured by owner occupied real property or an owner occupied manufactured home located in the State of Georgia was originated (or modified) on or after October 1, 2002 through and including March 6, 2003; (hhh) No Mortgagor was encouraged or required to select a Mortgage Loan product offered by the Mortgage Loan's originator which is a higher cost product designed for less creditworthy borrowers, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt to income ratios for a lower cost credit product then offered by the Mortgage Loan's originator or any affiliate of the Mortgage Loan's originator. (iii) The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan; (jjj) All fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Mortgage Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation; (kkk) All points and fees related to each Mortgage Loan were disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. Except in the case of a Mortgage Loan in an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such loan, such 5% limitation is calculated in accordance with Xxxxxx Mae's anti-predatory lending requirements as set forth in the Xxxxxx Mae Selling Guide; (lll) The Company will transmit full-file credit reporting data for each Mortgage Loan pursuant to Xxxxxx Xxx Guide Announcement 95-19 and for each Mortgage Loan, Company agrees it shall report one of the following statuses each month as follows: new origination, current, delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off; (mmm) Subject to the trade stipulations set forth in the related Trade Confirmation, each Loan is eligible for sale in the secondary mortgage market or for securitization without unreasonable credit enhancement; (nnn) No Mortgage Loan is a "High-Cost Home Loan" under the New Jersey Home Ownership Security Act of 2002 (the "NJ Act"); and each Mortgage Loan subject to the NJ Act is considered under the NJ Act as, either, a (1) purchase money Home Loan, (2) purchase money Covered Loan (with respect to Mortgage Loans which were originated between November 26, 2003 and July 7, 2004), or (3) a rate/term refinance Home Loan; (ooo) No Mortgagor agreed to submit to arbitration to resolve any dispute arising out of or relating in any way to the Mortgage Loan transaction; (ppp) The Mortgagor has not made or caused to be made any payment in the nature of an `average' or `yield spread premium' to a mortgage broker or a like Person which has not been fully disclosed to the Mortgagor; and (qqq) No Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of Massachusetts was made to pay off or refinance an existing loan or other debt of the related borrower (as the term "borrower" is defined in the regulations promulgated by the Massachusetts Secretary of State in connection with the Massachusetts General Laws Chapter 183, Section 28C) unless (a) the related Mortgage Interest Rate (that would be effective once the introductory rate expires, with respect to Adjustable Rate Mortgage Loans) did or would not exceed by more than 2.50% the yield on United States Treasury securities having comparable periods of maturity to the maturity of the related Mortgage Loan as of the fifteenth day of the month immediately preceding the month in which the application for the extension of credit was received by the related lender or (b) the Mortgage Loan is an "open-end home loan" (as such term is used in the Massachusetts General Laws Chapter 183, Section 28C or the regulations promulgated in connection therewith) and the related Mortgage Note provides that the related Mortgage Interest Rate may not exceed at any time the Prime rate index as published in THE WALL STREET JOURNAL plus a margin of one percent. ASSIGNMENT AND RECOGNITION AGREEMENT THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated February 22, 2006 ("Agreement") among UBS Real Estate Securities Inc. ("ASSIGNOR"), Mortgage Asset Securitization Transactions, Inc. ("ASSIGNEE") and Equity Financial Inc. (the "COMPANY"): For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows: ASSIGNMENT AND CONVEYANCE 1. The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Mortgage Loan Sale Agreement dated as of January 20, 2005 (the "PURCHASE Agreement"), between the Assignor, as purchaser (the "PURCHASER"), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the schedule (the "MORTGAGE LOAN SCHEDULE") attached hereto as EXHIBIT A (the "MORTGAGE Loans") and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement. The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement. RECOGNITION OF THE COMPANY 2. From and after the date hereof, the Company shall and does hereby recognize that the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2006-HE1 (the "TRUST") created pursuant to a Pooling and Servicing Agreement, dated as of February 1, 2006 (the "POOLING AGREEMENT"), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the "MASTER SERVICER"), trust administrator (in such capacity, the "TRUST ADMINISTRATOR") and as servicer (in such capacity, the "SERVICER"), JPMorgan Chase Bank, National Association as servicer (in such capacity, the "SERVICER") and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the "TRUSTEE"). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company's performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 3. The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that: (a) Attached hereto as EXHIBIT B is a true and accurate copy of the representations and warranties set forth in Sections 3.1 and 3.2 of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder; (b) The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation; (c) The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company's business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company's charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; (d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and (e) There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent. 4. Pursuant to Section 4.9(b)(v) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.1 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof. 5. The Assignor hereby makes the following representation and warranty as of the date hereof: (a) Each Mortgage Loan at the time it was made complied in all material respects with applicable local, state, and federal laws, including, but not limited to, all applicable predatory and abusive lending laws; (b) None of the Mortgage Loans are High Cost as defined by any applicable predatory and abusive lending laws; (c) No Mortgage Loan is a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the then current Standard & Poor's LEVELS(R) Glossary which is now Version 5.6c Revised, Appendix E); and (d) There is no Mortgage Loan that was originated on or after March 7, 2003, which is a "high cost home loan" as defined under the Georgia Fair Lending Act. REMEDIES FOR BREACH OF REPRESENTATIONS AND WARRANTIES 6. The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.3 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Sections 3.1 (k), (ii), (ss), (tt), (yy) and (jjj) of the Purchase Agreement will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). The Assignor hereby acknowledges and agrees that the remedies available to the the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling and Servicing Agreement as if they were set forth herein (including without limitation the repurchase obligations set forth therein). The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Section 5 above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). MISCELLANEOUS 7. This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 8. No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator. 9. This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder. 10. Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement. 11. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument. 12. In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control. 13. Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement. [SIGNATURE PAGE FOLLOWS] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written. UBS REAL ESTATE SECURITIES INC. By:_____________________________ Name:___________________________ Title:___________________________ MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. By:_____________________________ Name:___________________________ Title:___________________________ EQUITY FINANCIAL INC. By:_____________________________ Name:___________________________ Title:___________________________ EXHIBIT A Mortgage Loan Schedule EXHIBIT B SECTION 3.1 INDIVIDUAL MORTGAGE LOANS Seller hereby represents and warrants to and agrees with Purchaser that, as to each Mortgage Loan, as of its respective Funding Date: (a)The information with respect to such Mortgage Loan uploaded on the UBS Website with respect to such Mortgage Loan is complete, true and correct in all material respects; (b) The Mortgage and the Mortgage Note have not been assigned or pledged, and, immediately prior to the transfer thereof to the Purchaser pursuant to Section 2.1, the Seller had good and marketable title thereto, and the Seller is the sole owner and holder of such Mortgage Loan free and clear of any and all liens, claims, encumbrances, participation interests, equities, pledges, charges, or security interests of any nature and has full right and authority, subject to no interest or participation of, or agreement with, any other party, to sell and assign such Mortgage Loan pursuant to this Agreement. Upon the transfer thereof to the Purchaser pursuant to Section 2.1, the Seller will have taken all actions necessary on its part to be taken so that the Purchaser will have good indefeasible title to, and will be sole owner of, the Mortgage and the Mortgage Note, free and clear of any and all liens, claims, encumbrances, participation interests, equities, pledges, charges, or security interests of any nature, subject to bankruptcy, insolvency, moratorium, reorganization and similar laws relating to or limiting the enforcement of creditor's rights generally; (c) For each Mortgage Loan that is not a Co-op Loan, the Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged Property including all buildings, fixtures, installations and improvements to the Mortgaged Property, and the Mortgaged Property is free and clear of all encumbrances and liens having parity with or priority over the first lien of the Mortgage except for (i) the lien of current real property taxes and assessments not yet due and payable, (ii) covenants, conditions and restrictions, rights of way, easements, mineral right reservations and other matters of public record as of the date of recording of such Mortgage, such exceptions generally being acceptable under prudent mortgage lending standards and specifically reflected in the appraisal made in connection with the origination of such Mortgage Loan, and (iii) other matters to which like properties are commonly subject that do not materially interfere with the value, use, enjoyment or marketability of the Mortgaged Property. With respect to a Mortgage Loan that is a Co-op Loan, the Mortgage creates a first lien or a first priority ownership interest in the stock ownership and leasehold rights associated with the cooperative unit securing the related Mortgage Note; (d) The terms of the Mortgage and the Mortgage Note have not been impaired, waived, altered, or modified in any respect, except by a written instrument which has been recorded, if necessary, to protect the interest of the Purchaser and which has been delivered to the Purchaser. The substance of any such alteration or modification has been approved, to the extent necessary, by the insurer under the applicable mortgage title insurance policy; (e) No instrument of release, waiver, alteration, or modification has been executed in connection with such Mortgage Loan or Mortgaged Property, and no Mortgagor has been released, in whole or in part, except in connection with an assumption agreement which is part of the Mortgage File and has been delivered to the Purchaser; (f) There is no default, breach, violation, or event of acceleration existing under the Mortgage or the Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute such a default, breach, violation, or event of acceleration, and neither the Seller nor any prior seller or servicer, has waived any such default, breach, violation, or event of acceleration. All taxes, governmental assessments (including assessments payable in future installments), water, sewer and municipal charges, insurance premiums, leasehold payments, or ground rents which previously became due and owing in respect of or affecting the related Mortgaged Property have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable. The Seller has not advanced funds, or induced, solicited, or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required by the Mortgage or the Mortgage Note. There has been no delinquency, exclusive of any grace period, in any payment by the Mortgagor on any Mortgage Loan during the last twelve (12) months. All payments due on or prior to the related Funding Date for such Mortgage Loan have been made as of the related Funding Date, the Mortgage Loan is not delinquent in payment more than 30 days and has not been dishonored; (g) The Mortgaged Property is free of material damage and in good repair, and there is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property, nor has any notice of any such pending or threatened proceeding been received or is such a proceeding currently occurring, so as to adversely impair the value or marketability of the Mortgaged Property; (h) There are no mechanics' or similar liens or claims which have been filed for work, labor, or material (and no rights are outstanding that under law could give rise to such lien) which are, or may be, liens prior or equal to, or coordinate with, the lien of the related Mortgage; (i) All of the improvements which were included for the purpose of determining the Appraised Value of the Mortgaged Property were completed at the time that such Mortgage Loan was originated and lie wholly within the boundaries and building restriction lines of such Mortgaged Property and all improvements on the property comply with all applicable zoning and subdivision laws and ordinances. Except for de minimis encroachments permitted by the Xxxxxx Xxx Guides (MBS Special Servicing Option) or the Xxxxxxx Mac Guide, no improvements on adjoining properties encroach upon the Mortgaged Property; (j) All parties that have had any interest in the Mortgage, whether as mortgagee, assignee, pledgee, or otherwise, are (or, during the period in which they held and disposed of such interest, were) (i) in compliance with any and all applicable "doing business" and licensing requirements of the laws of the state wherein the Mortgaged Property is located and (ii)(A) organized under the laws of such state, (B) qualified to do business in such state, (C) federal savings and loan associations or national banks having principal offices in such state, or (D) not required to qualify to do business in such state; (k) No Mortgagor was required to purchase any credit life, disability, accident or health insurance product as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit life, disability, accident or health insurance policy in connection with the origination of the Mortgage Loan; No proceeds of the Mortgage Loan were used by the related Mortgagor to purchase or finance the purchase of any single premium credit life insurance policies as part of the origination of, or as a condition to closing, such Mortgage Loan; (l) On or prior to the Funding Date, the Seller has, in accordance with Section 2.3(b), delivered to the Purchaser originals of each of the documents with respect to such Mortgage Loan specified in Section 2.3(b) (or the documents specified therein permitted to be delivered in lieu thereof) and the other documents in the Mortgage File. There are no custodial agreements in effect adversely affecting the right or ability of the Seller to make the deliveries of such documents. Each of the documents with respect to such Mortgage Loan specified in Section 2.3(b), Exhibit A hereto or in the Mortgage File is genuine, true, correct and complete and has not been altered or modified in any way except as noted in the Mortgage File; (m) The Mortgage Note and the Mortgage are genuine, and each is the legal, valid and binding obligation of the maker thereof and each party assuming liability therefore, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium, or other similar laws affecting the enforcement of creditors' rights generally and except that the equitable remedy of specific performance and other equitable remedies are subject to the discretion of the courts. All parties to the Mortgage Note and the Mortgage had legal capacity to execute the Mortgage Note and the Mortgage and convey the estate therein purported to be conveyed, and the Mortgage Note and the Mortgage have been duly and properly executed by such parties or pursuant to a valid power-of-attorney. The Mortgagor is a natural person who is a party to the Mortgage Note and the Mortgage in an individual capacity or in the capacity of trustee in connection with an inter vivos trust meeting the requirements of Xxxxxx Xxx. With respect to each inter-vivos trust, holding title to the Mortgaged Property in such trust will not diminish any rights as a creditor including the right to full title to the Mortgage Property in the event foreclosure proceedings are initiated; (n) The transfer of the Mortgage Note and the Mortgage as and in the manner contemplated by this Agreement is sufficient fully to transfer to the Purchaser all right, title and interest of the Seller thereto as note Purchaser and mortgagee subject to bankruptcy, insolvency, moratorium, reorganization and similar laws relating to or limiting the enforcement of creditors' rights generally. The Mortgage has been duly assigned (except with respect to any Mortgage Loan assigned to MERS) and the Mortgage Note has been duly endorsed as provided in Exhibit A. With respect to each Mortgage Loan that is not assigned to MERS, the Assignment of Mortgage delivered to the Purchaser is in recordable form and is acceptable for recording under the laws of the applicable jurisdiction; (o) At origination of each Mortgage Loan, any and all requirements of any federal, state, or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, predatory and abusive lending laws, or disclosure laws applicable to such Mortgage Loan had been complied with, and the Seller shall maintain, in its possession, available for the Purchaser's inspection, and shall deliver to the Purchaser or its designee upon demand, evidence of compliance with all such requirements. The consummation of the transactions contemplated by this Agreement will not cause the violation of any such laws; (p) The proceeds of such Mortgage Loan have been fully disbursed, there is no requirement for, and the Seller shall not make any, future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow therefore have been complied with. Any future advances made prior to the Cut-off Date have been consolidated with the principal balance secured by the Mortgage, and such principal balance, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee's consolidated interest or by other title evidence acceptable to Purchaser. There is no obligation on the part of the Seller or any other party to make payments in addition to those made by the Mortgagor. The Unpaid Principal Balance as of the Cut-off Date does not exceed the original principal amount of such Mortgage Loan. All costs, fees and expenses incurred in making, or closing or recording such Mortgage Loan have been paid and the Mortgagor is not entitled to any refund of any amounts paid or due to the Mortgagee pursuant to the Mortgage Note or Mortgage; (q) Such Mortgage Loan is covered by an ALTA mortgage title insurance policy or such other generally used and acceptable form of policy (which has an adjustable rate mortgage endorsement in the form of ALTA 6.0 or 6.1, if applicable), or insurance acceptable to Xxxxxx Xxx or Xxxxxxx Mac (with environmental lien endorsement and condominium endorsement, to the extent applicable), issued by and the valid and binding obligation of a title insurer acceptable to Xxxxxx Mae or Xxxxxxx Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring the Seller, and its successors and assigns, as to the first priority lien of the Mortgage in the original principal amount of such Mortgage Loan, and with respect to Adjustable Rate Mortgage Loans, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment in the Mortgage Interest Rate and Monthly Payment, such mortgage title insurance policy is in full force and effect. Additionally, such lender's title insurance policy affirmatively insures ingress and egress to and from the Mortgaged Property, and against encroachments by or upon the Mortgaged Property or any interest therein. The Seller is the sole insured of such lender's title insurance policy, and such lender's title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Seller, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy; (r) All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable under the Xxxxxx Mae Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Xxxxxx Xxx Guides or by the Xxxxxxx Mac Guides, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans, and (ii) the greater of (a) the outstanding principal balance of the Mortgage Loan, and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the mortgagee from becoming a co-insurer. All such standard hazard policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Seller and its successors in interest and assigns as loss payee and such clause is still in effect and all premiums due thereon have been paid. If the Mortgaged Property is located in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards (and such flood insurance has been made available), such Mortgaged Property is covered by a flood insurance policy meeting the requirements of current guidelines of the Federal Insurance Administration which policy conforms to the requirements of Xxxxxx Xxx and Xxxxxxx Mac. Each individual insurance policy has been validly issued and is in full force and effect. The Seller has caused to be performed any and all acts required to preserve the rights and interests of the Purchaser in all insurance policies required by this Agreement, including, without limitation, notification of insurers, and assignment of policies or interests therein. Each individual insurance policy contains a standard mortgagee clause naming the Seller, and its successors and assigns, as mortgagee and loss payee. All premiums thereon have been paid. The Mortgage obligates the Mortgagor to maintain all such insurance at the Mortgagor's cost and expense, and upon the Mortgagor's failure to do so, authorizes the Purchaser of the Mortgage to obtain and maintain such insurance at the Mortgagor's cost and expense and to seek reimbursement therefore from the Mortgagor, and no action, inaction or event has occurred, and no state of facts exists that has, or will result in, the exclusion from, or denial of, or defense to the coverage of any such insurance policy or the validity, binding effect and enforceability thereof; (s) There is no valid offset, defense, counterclaim or right of rescission as to any Mortgage Note or Mortgage, including the obligation of the Mortgagor to pay the unpaid principal of or interest on such Mortgage Note nor will the operation of any of the terms of the Mortgage Note or the exercise of any right thereunder render the Mortgage unenforceable, in-whole or in-part, or subject to any off-set, defense, counterclaim or right of rescission; (t) Each Mortgage Loan was originated by the Seller; or by a savings and loan association, savings bank, commercial bank, credit union, insurance Seller, or similar institution that is supervised and examined by a Federal or state authority; or by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act. Such Mortgage Loan has not been sold by the Seller to any Person other than the Purchaser; (u) Principal payments on such Mortgage Loan commenced no more than sixty days after funds were disbursed in connection with such Mortgage Loan. The Mortgage Note requires a Monthly Payment (which changes on each Adjustment Date with respect to Adjustable Rate Mortgage Loans) which is sufficient to fully amortize the original principal balance over the remaining term thereof and to pay interest at the Mortgage Interest Rate. Such Mortgage Loan does not contain terms or provisions which would result in negative amortization. The Index, the Gross Margin, the Maximum Mortgage Interest Rate, the Minimum Mortgage Interest Rate, the Periodic Rate Cap, and the Initial Rate Cap is as provided on the UBS Website. No Mortgage Loan is a Convertible Mortgage Loan; (v) Such Mortgage Loan is a conventional residential mortgage loan having an original term to maturity of not more than thirty years with interest payable in arrears on the first day of each month; (w) The Mortgage contains customary and enforceable provisions which render the rights and remedies of the Purchaser thereof adequate for the realization against the Mortgaged Property of the benefits of the security, including (i) in the case of a Mortgage designated as a deed of trust, by trustee's sale, and (ii) otherwise by judicial foreclosure. Following origination of the Mortgage Loan, the Mortgaged Property has not been subject to any bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed for protection under applicable bankruptcy laws. There is no homestead, dower, curtesy, or other exemption or right available to the Mortgagor or any other person which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose the Mortgage. The Mortgage contains customary and enforceable provisions for the acceleration of the payment of the unpaid principal balance of such Mortgage Loan in the event all or any part of the related Mortgaged Property is sold or otherwise transferred without the prior consent of the Purchaser thereunder; (x) If the Mortgage constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in such Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale after default by the Mortgagor; (y) The Mortgaged Property consists of a single parcel of real property separately assessed for tax purposes, upon which is erected a detached or an attached one-to-four family residence, or an individual condominium unit, or an individual unit in a planned unit development. Such residence, dwelling, or unit is not (i) a property constituting part of a syndication, (ii) a time share unit, (iii) a mobile home or (iv) a recreational vehicle. No portion of any Mortgaged Property is being used for commercial purposes. Any condominium unit or planned unit development is acceptable to Xxxxxx Xxx or Xxxxxxx Mac or is otherwise "warrantable" with respect thereto; (z) With respect to each Mortgage Loan secured in whole or in part by the interest of the Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease") the real property securing such Mortgage Loan is located in a jurisdiction in which the use of leasehold estates for residential properties is a widely-accepted practice and: (i) Such Ground Lease is valid, in good standing, and in full force and effect; (ii) The lessee is not in default under any provision of the lease; (iii) The term of the Ground Lease exceeds the maturity date of the related Mortgage Loan by at least ten years; (iv) The mortgagee under the Mortgage Loan is given at least 30 days' notice of any default and an opportunity to cure any defaults under the Ground Lease or to take over the Mortgagor's rights under the Ground Lease; (v) The Ground Lease does not contain any default provisions that could give rise to forfeiture or termination of the Ground Lease except for the non-payment of the Ground Lease rents; and (vi) The Ground Lease provides that the leasehold can be transferred, mortgaged and sublet an unlimited number of times either without restriction or on payment of a reasonable fee and delivery of reasonable documentation to the lessor. (aa) No Mortgage Loan had a Loan-to-Value Ratio at the time of origination of more than 95%. None of the Mortgage Loans are covered by "lender paid" mortgage insurance; (bb) No action has been taken or omitted, and no event has occurred and no state of facts exists or has existed on or prior to the Funding Date (whether or not known to the Seller on or prior to such date) which has resulted or will result in an exclusion from, denial of, or defense to coverage under any insurance policy related to a Mortgage Loan, including, without limitation, any exclusions, denials, or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured, whether arising out of actions, representations, errors, omissions, negligence, or fraud of the Seller, the related Mortgagor, or any party involved in the application for such coverage, including the appraisal, plans and specifications and other exhibits or documents submitted therewith to the insurer under such insurance policy, or for any other reason under such coverage, but not including the failure of such insurer to pay by reason of such insurer's breach of such insurance policy or such insurer's financial inability to pay; (cc) Such Mortgage Loan was underwritten in accordance with the UBS Guide and the Mortgage and Mortgage Note are on forms acceptable to Xxxxxx Mae and Xxxxxxx Mac; (dd) There exist no deficiencies with respect to escrow deposits and payments, if such are required, for which customary arrangements for repayment thereof have not been made or which the Seller expects not to be cured, and no escrow deposits or payments of other charges or payments due the Seller have been capitalized under the Mortgage or the Mortgage Note; (ee) Such Mortgage Loan does not have a shared appreciation feature or other contingent interest feature; (ff) No statement, report, or other document constituting a part of the Mortgage File contains any untrue statement of fact or omits to state a fact necessary to make the statements contained therein not misleading; (gg) The Mortgagor has received all disclosure materials, if any, required by applicable law with respect to the making of each Mortgage Loan and the Mortgagor has executed one or more statements acknowledging such receipt; (hh) The Mortgage File contains an appraisal of the related Mortgaged Property which is on the appropriate appraisal form, as described in the UBS Guide, with an interior inspection and was signed prior to the approval of the application for such Mortgage Loan by a qualified appraiser, duly appointed by the originator of such Mortgage Loan, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of such application and otherwise meets the requirements of the Xxxxxx Mae Guides (MBS Special Servicing Option) or the Xxxxxxx Mac Guide. Each appraisal was made in accordance with the relevant provisions of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and is on a form acceptable to Xxxxxx Mae or Xxxxxxx Mac; (ii) No Mortgage Loan is (a) subject to, covered by or in violation of the Home Ownership and Equity Protection Act of 1994 ("HOEPA"), (b) classified as "high cost," "covered," "high risk home", "high-rate, high-fee", "threshold," or "predatory" loans under HOEPA or any other applicable state, federal or local law, including any predatory or abusive lending laws (or similarly classified loans using different terminology under a law imposing heightened scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees), (c) a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the Standard & Poor's LEVELS(R) Glossary Revised, Appendix E) or (d) in violation of any state law or ordinance comparable to HOEPA; (jj) The Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage; (kk) No Mortgage Loan contains provisions pursuant to which Monthly Payments are (a) paid or partially paid with funds deposited in any separate account established by the Seller, the Mortgagor, or anyone on behalf of the Mortgagor, (b) paid by any source other than the Mortgagor or (c) except any Mortgage Loan identified by Seller as a Buydown Loan on the UBS Website, contains any other similar provisions which may constitute a "buydown" provision. The Mortgage Loan is not a graduated payment Mortgage Loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature; (ll) The Seller has no knowledge of any circumstances or condition with respect to the Mortgaged Property, the Mortgagor, the Mortgagor's credit standing or the Mortgage that can reasonably be expected to cause the Mortgage Loan to be an unacceptable investment, cause the Mortgage Loan to become delinquent, or adversely affect the value of the Mortgage Loan; (mm) No Mortgage Loan has a balloon payment feature; (nn) No Mortgage Loan which is a cash-out refinancing was originated in the State of Texas; (oo) Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months; (pp) The Mortgaged Property is in compliance with all applicable environmental laws pertaining to environmental hazards including, without limitation, asbestos, and neither the Seller nor, to the Seller's knowledge, the related Mortgagor, has received any notice of any violation or potential violation of such law; (qq) No misrepresentation, fraud or similar occurrence with respect to a Mortgage Loan has taken place on the part of any Person, including without limitation the Seller, any prior originator or servicer, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the origination of the Mortgage Loan or in the application of any insurance in relation to such Mortgage Loan; (rr) The related Mortgagor has not requested any relief allowed to such Mortgagor under the Servicemembers' Civil Relief Act of 1940; (ss) Except as identified by Seller on the UBS Website, the Mortgage Loan is not subject to a prepayment penalty. For any Mortgage Loan originated prior to October 1, 2002 that is subject to a prepayment penalty, such prepayment penalty does not extend beyond five years after the date of origination. For any Mortgage Loan originated on or following October 1, 2002 that is subject to a prepayment penalty, such prepayment penalty does not extend beyond three years after the date of origination. Any such prepayment penalty is enforceable and was originated in compliance with all applicable federal, state, and local laws. With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the loan's origination, the Mortgagor agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) prior to the loan's origination, the Mortgagor was offered the option of obtaining a Mortgage Loan that did not require payment of such a premium, (iii) the prepayment premium is disclosed to the Mortgagor in the loan documents pursuant to applicable state and federal law, and (iv) notwithstanding any state or federal law to the contrary, the Seller shall not impose such prepayment premium in any instance when the mortgage debt is accelerated as the result of the Mortgagor's default in making the loan payments; (tt) With respect to each Mortgage Loan, the Seller has fully and accurately furnished complete information on the related borrower credit files on a monthly basis to Equifax, Experian and Trans Union Credit Information Company, in accordance with the Fair Credit Reporting Act and its implementing regulations; (uu) The Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities; (vv) Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1); (ww) The Seller has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the "ANTI-MONEY LAUNDERING LAWS"); the Seller has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. No Mortgage Loan is subject to nullification pursuant to Executive Order 13224 (the "Executive Order") or the regulations promulgated by the Office of Foreign Assets Control of the United States Department of the Treasury (the "OFAC Regulations") or in violation of the Executive Order or the OFAC Regulations, and no Mortgagor is subject to the provisions of such Executive Order or the OFAC Regulations nor listed as a "blocked person" for purposes of the OFAC Regulations; (xx) No predatory or deceptive lending practices, including but not limited to, the extension of credit to the applicable Mortgagor without regard for said Mortgagor's ability to repay the Mortgage Loan and the extension of credit to said Mortgagor which has no apparent benefit to said Mortgagor, were employed by the originator of the Mortgage Loan in connection with the origination of the Mortgage Loan. Each Mortgage Loan is in compliance with the anti-predatory lending eligibility for purchase requirements of the Xxxxxx Xxx Guides; (yy) No Mortgage Loan is a "High Cost Home Loan" as defined in the Georgia Fair Lending Act, as amended (the "Georgia Act") or the New York Banking Law 6-1. No Mortgage Loan secured by owner occupied real property or an owner occupied manufactured home located in the State of Georgia was originated (or modified) on or after October 1, 2002 through and including March 6, 2003; (zz) No Mortgagor was encouraged or required to select a Mortgage Loan product offered by the Mortgage Loan's originator which is a higher cost product designed for less creditworthy borrowers, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt to income ratios for a lower cost credit product then offered by the Mortgage Loan's originator or any affiliate of the Mortgage Loan's originator. If, at the time of loan application, the Mortgagor may have qualified for a for a lower cost credit product then offered by any mortgage lending affiliate of the Mortgage Loan's originator, the Mortgage Loan's originator referred the Mortgagor's application to such affiliate for underwriting consideration; (aaa) The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan; (bbb) All fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation; (ccc) With respect to each Co-op Loan, the related Mortgage is a valid, enforceable and subsisting first security interest on the related cooperative shares securing the related cooperative note, subject only to (a) liens of the cooperative for unpaid assessments representing the Mortgagor's pro rata share of the cooperative's payments for its blanket mortgage, current and future real property taxes, insurance premiums, maintenance fees and other assessments to which like collateral is commonly subject and (b) other matters to which like collateral is commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Security Agreement. There are no liens against or security interest in the cooperative shares relating to each Co-op Loan (except for unpaid maintenance, assessments and other amounts owed to the related cooperative which individually or in the aggregate will not have a material adverse effect on such Co-op Loan), which have priority over the Seller's security interest in such cooperative shares; (ddd) With respect to each Co-op Loan, a search for filings of financing statements has been made by a company competent to make the same, which company is acceptable to Xxxxxx Mae or Xxxxxxx Mac and is qualified to do business in the jurisdiction where the cooperative unit is located, and such search has not found anything which would materially and adversely affect the Co-op Loan; (eee) With respect to each Co-op Loan, the related cooperative corporation that owns title to the related cooperative apartment building is a "cooperative housing corporation" within the meaning of Section 216 of the Code, and is in material compliance with applicable federal, state and local laws which, if not complied with, could have a material adverse effect on the Mortgaged Property; (fff) With respect to each Co-op Loan, there is no prohibition against pledging the shares of the cooperative corporation or assigning the Co-op Lease; (ggg) All points and fees related to each Mortgage Loan were disclosed in writing to the related Mortgagor in accordance with applicable state and federal law and regulations. Except in the case of a Mortgage Loan in an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no related Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such Mortgage Loan, such 5% limitation is calculated in accordance with Xxxxxx Mae's anti-predatory lending requirements as set forth in the Xxxxxx Xxx Selling Guide; (hhh) With respect to each Buydown Loan: (i) On or before the date of origination of such Mortgage Loan, the Seller and the Mortgagor, or the Seller, the Mortgagor and the seller of the Mortgaged Property or a third party entered into a Buydown Agreement. The Buydown Agreement provides that the seller of the Mortgaged Property (or third party) shall deliver to the Seller Buydown Funds in an amount equal to the aggregate undiscounted amount of payments that, when added to the amount the Mortgagor on such Mortgage Loan is obligated to pay on each Due Date in accordance with the terms of the Buydown Agreement, is equal to the full scheduled Monthly Payment due on such Mortgage Loan; (ii) The Mortgage and the Note reflect the permanent payment terms rather than the payment terms of the Buydown Agreement. The Buydown Agreement provides for the payment by the Mortgagor of the full amount of the Monthly Payment on any Due Date that the Buydown Funds are not available. The Buydown Funds were not used to reduce the original principal balance of the Mortgage Loan or to increase the Appraised Value of the Mortgaged Property when calculating the LTV for purposes of this Agreement and, if the Buydown Funds were provided by the Seller and if required under Xxxxxx Mae and Xxxxxxx Mac guidelines, the terms of the Buydown Agreement were disclosed to the appraiser of the Mortgaged Property; (iii) The Buydown Funds may not be refunded to the Mortgagor unless the Mortgagor makes a principal payment for the outstanding balance of the related Mortgage Loan; and (iv) As of the date of origination of the Mortgage Loan, the provisions of the related Buydown Agreement complied with the requirements of Xxxxxx Mae and Xxxxxxx Mac regarding buydown agreements. (iii) No Mortgage Loan is a "High-Cost Home Loan" under the New Jersey Home Ownership Security Act of 2002 (the "NJ Act"); and each Mortgage Loan subject to the NJ Act is considered under the NJ Act as, either, a (1) purchase money Home Loan, (2) purchase money Covered Loan (with respect to Mortgage Loans which were originated between November 26, 2003 and July 7, 2004), or (3) a rate/term refinance Home Loan; (jjj) With respect to any Mortgage Loan originated on or after August 1, 2004, no Mortgagor agreed to submit to arbitration to resolve any dispute arising out of or relating in any way to the Mortgage Loan transaction; (kkk) No Mortgage Loan was made in connection with (A) the construction or rehabilitation of a Mortgaged Property or (B) facilitating the trade-in or exchange of a Mortgaged Property; (lll) Each Mortgage Loan is eligible for sale in the secondary mortgage market or for securitization without unreasonable credit enhancement; (mmm) The Mortgagor has not made or caused to be made any payment in the nature of an `average' or `yield spread premium' to a mortgage broker or a like Person which has not been fully disclosed to the Mortgagor; and (nnn) No Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of Massachusetts was made to pay off or refinance an existing loan or other debt of the related borrower (as the term "borrower" is defined in the regulations promulgated by the Massachusetts Secretary of State in connection with Massachusetts House Xxxx 4880 (2004)) unless (a) the related Mortgage Interest Rate (that would be effective once the introductory rate expires, with respect to Adjustable Rate Mortgage Loans) did or would not exceed by more than 2.25% the yield on United States Treasury securities having comparable periods of maturity to the maturity of the related Mortgage Loan as of the fifteenth day of the month immediately preceding the month in which the application for the extension of credit was received by the related lender or (b) the Mortgage Loan is an "open-ended home loan" (as such term is used in the Massachusetts House Xxxx 4880 (2004)) and the related Mortgage Note provides that the related Mortgage Interest Rate may not exceed at any time the Prime rate index as published in the WALL STREET JOURNAL plus a margin of one percent. SECTION 3.2 REPRESENTATIONS OF SELLER AS OF THE FUNDING DATE Seller hereby represents and warrants to Purchaser as of each Funding Date: (a) Seller is a corporation duly organized, validly existing, and in good standing under the laws of the state of its formation, and has all licenses necessary to carry on its business as now being conducted and is licensed, qualified and in good standing in the states where the Mortgaged Properties are located if the laws of such states require licensing or qualification in order to conduct business of the type conducted by Seller and to the extent necessary to ensure the enforceability of each Mortgage Loan in accordance with this Agreement; Seller has the corporate power and authority to hold each Mortgage Loan, to sell each Mortgage Loan, to enter into, execute, and deliver this Agreement and all documents and instruments executed and delivered pursuant hereto and to perform its obligations in accordance therewith; the execution, delivery, and performance of this Agreement by Seller and the consummation of the transactions contemplated hereby have been duly and validly authorized; this Agreement evidences the valid, binding and enforceable obligations of Seller; and all requisite corporate action has been taken by Seller to make this Agreement valid and binding upon Seller in accordance with its terms. (b) No consent, approval, authorization, or order of any court or governmental agency or body relating to the transactions contemplated by this Agreement and the transfer of legal title to the Mortgage Loans to Purchaser, is required as to Seller or, if required, such consent, approval, authorization, or order has been or will, prior to the Funding Date, be obtained except for any recordations of Assignments of Mortgages to or for the benefit of Purchaser pursuant to this Agreement. No licenses or approvals obtained by Seller have been suspended or revoked by any court, administrative agency, arbitrator or governmental body and no proceedings are pending which might result in such suspension or revocation. (c) The consummation of the transactions contemplated by this Agreement, including, without limitation, the transfer and assignment of the Mortgage Loans to or for the benefit of Purchaser pursuant to this Agreement and the fulfillment of or compliance with the terms and conditions of this Agreement, are in the ordinary course of business of Seller, are not subject to the bulk transfer or any similar statutory provision, and will not result in the breach of any term or provision of the articles of incorporation or bylaws of Seller or result in the breach of any term or provision of, or conflict with or constitute a default under, or result in the acceleration of any obligation under, any agreement, indenture, Mortgage Loan or credit agreement, or other instrument to which Seller or its property is subject, or result in the violation of any law, rule, regulation, order, judgment, or decree to which Seller or its property is subject. (d) There is no action, suit, proceeding or investigation pending or threatened against Seller which, either in any one instance or in the aggregate would be reasonably likely to result in any material impairment of the right or ability of Seller to carry on its business substantially as now conducted, or which would create any material liability for Seller, or which would draw into question the validity of this Agreement, or the Mortgage Loans, or of any action taken or to be taken in connection with the obligations of Seller contemplated herein or therein, including but not limited to the sale of the Mortgage Loans, or which would be likely to impair materially the ability of Seller to perform its obligations hereunder or thereunder. (e) Seller is a HUD approved mortgagee pursuant to Section 203 of the National Housing Act. No event has occurred, including but not limited to a change in insurance coverage, which would make the Seller unable to comply with HUD eligibility requirements or which would require notification to HUD. (f) Seller does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement. Seller is solvent, and the sale of the Mortgage Loans will not cause Seller to become insolvent. The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of Seller's creditors. (g) Seller is not in default with respect to any order, judgment, writ, injunction or decree of any court or any order, demand or regulation of any federal, state, municipal or governmental agency, which default might have consequences that would materially and adversely affect the condition (financial or otherwise) or operations of Seller or its properties or might have consequences that would affect its performance hereunder. (h) The origination, servicing and collection practices used by the Seller and any prior originator or servicer with respect to such Mortgage Loan have been in all material respects legal, proper, prudent and customary in the mortgage origination and servicing business. The servicing and collection practices used by the Seller and any prior servicer with respect to such Mortgage Loan have been in all material respects in compliance with the Xxxxxx Mae Guide. (i) The consideration received by the Seller upon the sale of the Mortgage Loans constitutes fair consideration and reasonably equivalent value for such Mortgage Loan. ASSIGNMENT AND RECOGNITION AGREEMENT THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated February 22, 2006 ("Agreement") among UBS Real Estate Securities Inc. ("ASSIGNOR"), Mortgage Asset Securitization Transactions, Inc. ("ASSIGNEE") and National City Mortgage Co. (the "Company"): For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows: ASSIGNMENT AND CONVEYANCE 1. The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller's Purchase, Warranties and Interim Servicing Agreement dated as of May 1, 2004 as amended (the "PURCHASE AGREEMENT"), between the Assignor, as purchaser (the "PURCHASER"), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the schedule (the "MORTGAGE LOAN SCHEDULE") attached hereto as EXHIBIT A (the "MORTGAGE LOANS") and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement. The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement. RECOGNITION OF THE COMPANY 2. From and after the date hereof, the Company shall and does hereby recognize that the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2006-HE1 (the "TRUST") created pursuant to a Pooling and Servicing Agreement, dated as of February 1, 2006 (the "POOLING AGREEMENT"), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the "MASTER SERVICER"), trust administrator (in such capacity, the "TRUST ADMINISTRATOR") and as servicer (in such capacity, the "SERVICER"), JPMorgan Chase Bank, National Association as servicer (in such capacity, the "SERVICER") and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the "TRUSTEE"). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company's performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 3. The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that: (a) Attached hereto as EXHIBIT B is a true and accurate copy of the representation and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder; (b) The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation; (c) The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company's business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company's charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; (d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and (e) There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent. 4. Pursuant to Section 8.01(b)(iii) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof. 5. The Assignor hereby makes the following representation and warranty as of the date hereof: (a) Each Mortgage Loan at the time it was made complied in all material respects with applicable local, state, and federal laws, including, but not limited to, all applicable predatory and abusive lending laws; (b) None of the Mortgage Loans are High Cost as defined by any applicable predatory and abusive lending laws; (c) No Mortgage Loan is a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the then current Standard & Poor's LEVELS(R) Glossary which is now Version 5.6c Revised, Appendix E); and (d) There is no Mortgage Loan that was originated on or after March 7, 2003, which is a "high cost home loan" as defined under the Georgia Fair Lending Act. REMEDIES FOR BREACH OF REPRESENTATIONS AND WARRANTIES 6. The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Sections 3.02 (ee), (pp), (uu), (vv), (ccc), (ggg) and (yyy) of the Purchase Agreement will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). The Assignor hereby acknowledges and agrees that the remedies available to the the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling and Servicing Agreement as if they were set forth herein (including without limitation the repurchase obligations set forth therein). The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Section 5 above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). MISCELLANEOUS 7. This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 8. No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator. 9. This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder. 10. Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement. 11. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument. 12. In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control. 13. Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement. [SIGNATURE PAGE FOLLOWS] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written. UBS REAL ESTATE SECURITIES INC. By:_____________________________ Name:___________________________ Title:____________________________ MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. By:_____________________________ Name:___________________________ Title:____________________________ NATIONAL CITY MORTGAGE CO. By:_____________________________ Name:___________________________ Title:____________________________ EXHIBIT A Mortgage Loan Schedule EXHIBIT B Section 3.01 REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company represents, warrants and covenants to the Purchaser that as of each Closing Date and as of each Servicing Transfer Date or as of such date specifically provided herein: (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Ohio and is an operating subsidiary of National City Bank of Indiana. As a national bank operating subsidiary, it is regulated by the Office of the Comptroller of the Currency and is subject to applicable laws and regulations. Company is duly authorized to originate Mortgage Loans and to carry on its business as now being conducted as an operating subsidiary of a national bank. The Company has the full corporate power, authority and legal right to hold, transfer and convey the Mortgage Loans and to execute and deliver this Agreement and to perform its obligations hereunder; the execution, delivery and performance of this Agreement (including all instruments of transfer to be delivered pursuant to this Agreement) by the Company and the consummation of the transactions contemplated hereby have been duly and validly authorized; this Agreement and all agreements contemplated hereby have been duly executed and delivered and constitute the valid, legal, binding and enforceable obligations of the Company, regardless of whether such enforcement is sought in a proceeding in equity or at law; and all requisite corporate action has been taken by the Company to make this Agreement and all agreements contemplated hereby valid and binding upon the Company in accordance with their terms, subject to: (1) bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, including, without limitation, the effect of statutory or ether laws regarding fraudulent conveyances or preferential transfers, and (2) general principles of equity upon the specific enforceability of any of the remedies, covenants or other provisions of the Purchase Agreement and upon the availability of injunctive relief or other equitable remedies and the application of principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) as such principles relate to, limit or affect the enforcement of creditors' rights generally and the discretion of the court before which any proceeding for such enforcement may be brought; (b) The Company has the full power and authority and legal right to hold, transfer and convey each Mortgage Loan, to sell each Mortgage Loan and to execute, deliver and perform, and to enter into and consummate all transactions contemplated by this Agreement and the related Confirmation and to conduct its business as presently conducted; the Company has duly authorized the execution, delivery and performance of this Agreement and any agreements contemplated hereby, has duly executed and delivered this Agreement and the related Confirmation, and any agreements contemplated hereby, and this Agreement and the related Confirmation and each Assignment of Mortgage to the Purchaser and any agreements contemplated hereby, constitute the legal, valid and binding obligations of the Company, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar laws, and by equitable principles affecting the enforceability of the rights of creditors; and all requisite corporate action has been taken by the Company to make this Agreement, the related Confirmation and all agreements contemplated hereby valid and binding upon the Company in accordance with their terms; (c) Neither the execution and delivery of this Agreement, the related Confirmation, the sale of the Mortgage Loans to the Purchaser, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement and the related Confirmation will conflict with any of the terms, conditions or provisions of the Company's charter or by-laws or materially conflict with or result in a material breach of any of the terms, conditions or provisions of any legal restriction or any agreement or instrument to which the Company is now a party or by which it is bound, or constitute a default or result in an acceleration under any of the foregoing, or result in the material violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject; (d) There is no litigation, suit, proceeding or investigation pending or threatened, or any order or decree outstanding, which is reasonably likely to have a material adverse effect on the sale of the Mortgage Loans, the execution, delivery, performance or enforceability of this Agreement or the related Confirmation, or which is reasonably likely to have a material adverse effect on the financial condition of the Company; (e) No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Company of or compliance by the Company with this Agreement and the related Confirmation, except for consents, approvals, authorizations and orders which have been obtained; (f) The consummation of the transactions contemplated by this Agreement and the related Confirmation are in the ordinary course of business of the Company, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Company pursuant to this Agreement and the related Confirmation are not subject to bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction; (g) The origination, servicing and collection practices with respect to each Mortgage Note and Mortgage have been legal and in accordance with applicable laws and regulations, and in all material respects in accordance with Accepted Servicing Practices. The Company further represents and warrants that: with respect to escrow deposits and payments that the Company is entitled to collect, all such payments are in the possession of, or under the control of, the Company or its delegate, and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made; all escrow payments have been collected and are being maintained in full compliance with applicable state and federal law and the provisions of the related Mortgage Note and Mortgage; as to any Mortgage Loan that is the subject of an escrow, escrow of funds is not prohibited by applicable law and has been established in an amount sufficient to pay for every escrowed item that remains unpaid and has been assessed but is not yet due and payable; no escrow deposits or other charges or payments due under the Mortgage Note have been capitalized under any Mortgage or the related Mortgage Note; all Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage Note; and any interest required to be paid pursuant to state and local law has been properly paid and credited; (h) The Company has not used selection procedures that identified the Mortgage Loans as being less desirable or valuable than other comparable mortgage loans in the Company's portfolio at the related Closing Date; (i) The Company will treat the transfer of the Mortgage Loans to the Purchaser as a sale for reporting and accounting purposes and, to the extent appropriate, for federal income tax purposes. The Company shall maintain a complete set of books and records for each Mortgage Loan which shall be clearly marked to reflect the ownership of such Mortgage Loan by the Purchaser; (j) The Company is an approved seller/servicer of residential mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac and HUD, with such facilities, procedures and personnel necessary for the sound servicing of such mortgage loans. The Company is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws and regulations and is in good standing to sell mortgage loans to and service mortgage loans for Xxxxxx Mae or Xxxxxxx Mac and no event has occurred which would make the Company unable to comply with eligibility requirements or which would require notification to either Xxxxxx Mae or Xxxxxxx Mac; (k) The Company does not believe, nor does it have any cause or reason to believe, that it cannot perform each and every covenant contained in this Agreement and the related Confirmation applicable to it. The Company is solvent and the sale of the Mortgage Loans will not cause the Company to become insolvent. The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of the Company's creditors; (l) No statement, tape, diskette, form, report or other document prepared by, or on behalf of, the Company pursuant to this Agreement, the related Confirmation or in connection with the transactions contemplated hereby, contains or will contain any statement that is or will be inaccurate or misleading in any material respect. The Company has prudently originated and underwritten each Mortgage Loan; (m) The consideration received by the Company upon the sale of the Mortgage Loans constitutes fair consideration and reasonably equivalent value for such Mortgage Loans; (n) The Company has delivered to the Purchaser financial statements as to its last two complete fiscal years. All such financial statements fairly present the pertinent results of operations and changes in financial position for each of such periods and the financial position at the end of each such period of the Company and its subsidiaries and have been prepared in accordance with GAAP consistently applied throughout the periods involved, except as set forth in the notes thereto. There has been no change in the business, operations, financial condition, properties or assets of the Company since the date of the Company's financial statements that would have a material adverse effect on its ability to perform its obligations under this Agreement or the related Confirmation; (o) The Company has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans; and (p) The Company is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the MERS Mortgage Loans for as long as such Mortgage Loans are registered with MERS. Section 3.02 REPRESENTATIONS AND WARRANTIES AS TO INDIVIDUAL MORTGAGE LOANS. The Company hereby represents and warrants to the Purchaser, as to each Mortgage Loan, as of the related Closing Date and as of the related Servicing Transfer Date as follows: (a) The information set forth in the related Mortgage Loan Schedule, including any diskette or other related data tapes sent to the Purchaser, is complete, true and correct in all material respects; (b) The Mortgage creates a (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule) or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien (as reflected on the Mortgage Loan Schedule), in either case, in the related Mortgaged Property securing the related Mortgage Note; (c) All payments due on or prior to the related Closing Date for such Mortgage Loan have been made as of the related Closing Date, the Mortgage Loan is not delinquent in payment more than 30 days and has not been dishonored; there are no material defaults under the terms of the Mortgage Loan; the Company has not advanced funds, or induced, solicited or knowingly received any advance of funds from a party other than the owner of the Mortgaged Property subject to the Mortgage, directly or indirectly, for the payment of any amount required by the Mortgage Loan; no payment with respect to each Mortgage Loan has been delinquent during the preceding twelve-month period; (d) All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or escrow funds have been established in an amount sufficient to pay for every such escrowed item which remains unpaid and which has been assessed but is not yet due and payable; (e) The terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any respect, except by written instruments which have been recorded to the extent any such recordation is required by law. No instrument of waiver, alteration or modification has been executed, and no Mortgagor has been released, in whole or in part, from the terms thereof except in connection with an assumption agreement and which assumption agreement is part of the Mortgage File and the terms of which are reflected in the related Mortgage Loan Schedule; the substance of any such waiver, alteration or modification has been approved by the issuer has been approved by the issuer of any related title insurance policy, to the extent required by the related policy. (f) The Mortgage Note and the Mortgage are not subject to any right of rescission, set-off, counterclaim or defense, including, without limitation, the defense of usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, render the Mortgage Note or Mortgage unenforceable, in whole or in part, or subject to any right of rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto; and the Mortgagor was not a debtor in any state or federal bankruptcy or insolvency proceeding at the time the Mortgage Loan was originated; (g) All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable under the Xxxxxx Mae Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Xxxxxx Xxx Guides or by the Xxxxxxx Mac Guides, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans, and (ii) the greater of (a) either (1) the outstanding principal balance of the Mortgage Loan with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule) or (2) with respect to each Second Lien Mortgage Loan, the sum of the outstanding principal balance of the first lien on such Mortgage Loan and the outstanding principal balance of such Second Lien Mortgage Loan, and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the mortgagee from becoming a co-insurer, but in no event greater than the maximum amount permitted under applicable law. All such standard hazard policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Company and its successors in interest and assigns as loss payee and such clause is still in effect and all premiums due thereon have been paid. If required by the Flood Disaster Protection Act of 1973, as amended, the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration which policy conforms to Xxxxxx Xxx and Xxxxxxx Mac requirements, in an amount not less than the amount required by the Flood Disaster Protection Act of 1973, as amended. Such policy was issued by an insurer acceptable under Xxxxxx Mae or Xxxxxxx Mac guidelines. The Mortgage obligates the Mortgagor thereunder to maintain all such insurance at the Mortgagor's cost and expense, and upon the Mortgagor's failure to do so, authorizes the holder of the Mortgage to maintain such insurance at the Mortgagor's cost and expense and to seek reimbursement therefor from the Mortgagor; (h) Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, fair housing, predatory and abusive lending, or disclosure laws applicable to the Company have been complied with; (i) The Mortgage has not been satisfied, canceled or subordinated (other than the subordination of any Second Lien Mortgage Loan to the related First Lien), in whole or in part, or rescinded, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part nor has any instrument been executed that would effect any such release, cancellation, subordination or rescission. The Company has not waived the performance by the Mortgagor of any action, if the Mortgagor's failure to perform such action would cause the Mortgage Loan to be in default, nor has the Company waived any default resulting from any action or inaction by the Mortgagor; (j) The related Mortgage is a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the Mortgaged Property including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems affixed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing securing the Mortgage Note's original principal balance. The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non-delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and either (A) which are referred to or otherwise considered in the appraisal made for the originator of the Mortgage Loan, or (B) which do not adversely affect the appraised value of the Mortgaged Property as set forth in such appraisal, (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property and (4) with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien on the Mortgaged Property. Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the property described therein, and the Company has the full right to sell and assign the same to the Purchaser; (k) The Mortgage Note and the related Mortgage are original and genuine and each is the legal, valid and binding obligation of the maker thereof, enforceable in all respects in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general application affecting the rights of creditors and by general equitable principles and the Company has taken all action necessary to transfer such rights of enforceability to the Purchaser. All parties to the Mortgage Note and the Mortgage had the legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage. The Mortgage Note and the Mortgage have been duly and properly executed by such parties. No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to a Mortgage Loan has taken place on the part of the Company or the Mortgagor, or, on the part of any other party involved in the origination of the Mortgage Loan. The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage; (l) The Company is the sole owner of record and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Company will retain the Servicing File in trust for the Purchaser only for the purpose of interim servicing and supervising the interim servicing of the Mortgage Loan. Immediately prior to the transfer and assignment to the Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, were not subject to an assignment or pledge, and the Company had good and marketable title to and was the sole owner thereof and had full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest and has the full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign the Mortgage Loan pursuant to this Agreement and following the sale of the Mortgage Loan, the Purchaser will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. The Company intends to relinquish all rights to possess, control and monitor the Mortgage Loan, except for the purposes of servicing the Mortgage Loan as set forth in this Agreement. Either the Mortgagor is a natural person or the Mortgagor is an inter-vivos trust acceptable to Xxxxxx Mae. With respect to each inter-vivos trust, holding title to the Mortgaged Property in such trust will not diminish any rights as a creditor including the right to full title to the Mortgaged Property in the event foreclosure proceedings are initiated; (m) Each Mortgage Loan is covered by an ALTA lender's title insurance policy issued by a title insurer acceptable to Xxxxxx Xxx or Xxxxxxx Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring (subject to the exceptions contained in (j)(1), (2) and (3) above and, with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (4)) the Company, its successors and assigns, as to the first (or, where applicable, second) priority lien of the Mortgage in the original principal amount of the Mortgage Loan and, with respect to each Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment in the Mortgage Interest Rate and Monthly Payment. Additionally, such policy affirmatively insures ingress and egress to and from the Mortgaged Property. Where required by applicable state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. The Company, its successors and assigns, are the sole insureds of such lender's title insurance policy, such title insurance policy has been duly and validly endorsed to the Purchaser or the assignment to the Purchaser of the Company's interest therein does not require the consent of or notification to the insurer and such lender's title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement and the related Confirmation. No claims have been made under such lender's title insurance policy, and neither the Company, nor to the Company's knowledge any prior holder of the related Mortgage, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy; (n) There is no default, breach, violation or event of acceleration existing under the Mortgage or the related Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event permitting acceleration; and neither the Company nor any prior mortgagee has waived any default, breach, violation or event permitting acceleration. With respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) (i) the First Lien is in full force and effect, (ii) there is no default, breach, violation or event of acceleration existing under such First Lien mortgage or the related mortgage note, (iii) to the best of Company's knowledge, no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration thereunder, and either (A) the First Lien mortgage contains a provision which allows or (B) applicable law requires, the mortgagee under the Second Lien Mortgage Loan to receive notice of, and affords such mortgagee an opportunity to cure any default by payment in full or otherwise under the First Lien mortgage; (o) To the Company's knowledge, there are no mechanics' or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to or equal to the lien of the related Mortgage; (p) To the Company's knowledge, all improvements subject to the Mortgage which were considered in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property (and wholly within the project with respect to a condominium unit) and no improvements on adjoining properties encroach upon the Mortgaged Property except those which are insured against by the title insurance policy referred to in clause (m) above and all improvements on the property comply with all applicable zoning and subdivision laws and ordinances; (q) The Mortgage Loan was originated by or for the Company. The Mortgage Loan complies with all the terms, conditions and requirements of the Company's Underwriting Standards in effect at the time of origination of such Mortgage Loan. The Mortgage Notes and Mortgages (exclusive of any riders) are on forms generally acceptable to Xxxxxx Xxx or Xxxxxxx Mac. The Company is currently selling loans to Xxxxxx Mae and/or Xxxxxxx Mac which are the same document forms as the Mortgage Notes and Mortgages (inclusive of any riders). The Mortgage Loan bears interest at the Mortgage Interest Rate set forth in the related Mortgage Loan Schedule, and Monthly Payments under the Mortgage Note are due and payable on the first day of each month. The Mortgage contains the usual and enforceable provisions of the originator at the time of origination for the acceleration of the payment of the unpaid principal amount of the Mortgage Loan if the related Mortgaged Property is sold without the prior consent of the mortgagee thereunder; (r) To the Company's knowledge, the Mortgaged Property is not subject to any material damage by waste, fire, earthquake, windstorm, flood or other casualty. At origination of the Mortgage Loan there was, and there currently is, no proceeding pending for the total or partial condemnation of the Mortgaged Property. There have not been any condemnation proceedings with respect to the Mortgaged Property and to the Company's knowledge there are no such proceedings scheduled to commence at a future date; (s) The related Mortgage contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security provided thereby. There is no homestead or other exemption available to the Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose the Mortgage; (t) If the Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified if required under applicable law to act as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale or attempted sale after default by the Mortgagor; (u) The Mortgage File contains an appraisal of the related Mortgaged Property which, (a) with respect to First Lien Mortgage Loans, is on appraisal form 1004 or form 2055 with an interior inspection, or (b) with respect to Second Lien Mortgage Loans, is on appraisal form 704, 2065 or 2055, and (c) with respect to (a) or (b) above was signed prior to the final approval of the mortgage loan application by a Qualified Appraiser, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and appraiser both satisfy the requirements of Xxxxxx Mae or Xxxxxxx Mac and Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated. The appraisal is in a form acceptable to Xxxxxx Mae or Xxxxxxx Mac; (v) All parties which have had any interest in the Mortgage, whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (A) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (B) (1) organized under the laws of such state, or (2) qualified to do business in such state, or (3) federal savings and loan associations or national banks or a Federal Home Loan Bank or savings bank having principal offices in such state, or (4) not doing business in such state; (w) The related Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in (j) above and such collateral does not serve as security for any other obligation; (x) The Mortgagor has received all disclosure materials required by applicable law with respect to the making of such mortgage loans; (y) The Mortgage Loan does not contain "graduated payment" features and does not have a shared appreciation or other contingent interest feature; no Mortgage Loan contains any buydown provisions; (z) The Mortgagor is not in bankruptcy and the Mortgagor is not insolvent and the Company has no knowledge of any circumstances or condition with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor's credit standing that could reasonably be expected to cause investors to regard the Mortgage Loan as an unacceptable investment, cause the Mortgage Loan to become delinquent, or materially adversely affect the value or marketability of the Mortgage Loan; (aa) Principal payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were disbursed in connection with the Mortgage Loan. The Mortgage Loans have an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. Each Mortgage Note requires a monthly payment which is sufficient to fully amortize the original principal balance over the original term thereof and to pay interest at the related Mortgage Interest Rate. No Mortgage Loan contains terms or provisions which would result in negative amortization. No Mortgage Loan provides for the capitalization or forbearance of interest; (bb) No Mortgage Loan is subject to a lender-paid mortgage insurance policy; (cc) As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located; (dd) The Mortgaged Property is located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a townhouse, or a two-to four-family dwelling, or an individual condominium unit in a condominium project, or an individual unit in a planned unit development or a de minimis planned unit development, provided, however, that no residence or dwelling is a single parcel of real property with a cooperative housing corporation erected thereon, or a mobile home. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date or origination no portion of the Mortgaged Property has been used for commercial purposes; (ee) Except as set forth on the related Mortgage Loan Schedule, none of the Mortgage Loans are subject to a Prepayment Penalty. For any Mortgage Loan originated prior to October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond five years after the date of origination. For any Mortgage Loan originated on or following October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond three years after the date of origination. Any such prepayment penalty is enforceable and was originated in compliance with all applicable federal, state, and local laws. With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the loan's origination, the Mortgagor agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) prior to the loan's origination, the Mortgagor was offered the option of obtaining a Mortgage Loan that did not require payment of such a premium, (iii) the prepayment premium is disclosed to the Mortgagor in the loan documents pursuant to applicable state and federal law, (iv) for Mortgage Loans originated on or after September 1, 2004, the duration of the prepayment period shall not exceed three (3) years from the date of the Mortgage Note, unless the Mortgage Loan was modified to reduce the prepayment period to no more than three years from the date of the Mortgage Note and the Mortgagor was notified in writing of such reduction in prepayment period, and (v) notwithstanding any state or federal law to the contrary, the Company shall not impose such prepayment premium in any instance when the mortgage debt is accelerated as the result of the Mortgagor's default in making the loan payments; (ff) The Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities; (gg) If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), or stock in a cooperative housing corporation, such condominium, cooperative or planned unit development project meets the eligibility requirements of Xxxxxx Xxx and Xxxxxxx Mac; (hh) There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; to Company's knowledge there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property; and to Company's knowledge, nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of said property; (ii) The Mortgagor has not notified the Company requesting relief under the Soldiers' and Sailors' Civil Relief Act of 1940 or the Servicemembers Civil Relief Act, and the Company has no knowledge of any relief requested or allowed to the Mortgagor under the Soldiers' and Sailors' Civil Relief Act of 1940 or the Servicemembers Civil Relief Act or any similar state laws; (jj) As of the related Closing Date, no Mortgage Loan was in construction or rehabilitation status or has facilitated the trade-in or exchange of a Mortgaged Property; (kk) No action has been taken or failed to be taken on or prior to the related Closing Date which has resulted or will result in an exclusion from, denial of, or defense to coverage under any insurance policy related to a Mortgage Loan (including, without limitation, any exclusions, denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud, or for any other reason under such coverage; (ll) The Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or similar institution which is supervised and examined by a federal or state authority; (mm) No Mortgaged Property is subject to a ground lease; (nn) With respect to any broker fees collected and paid on any of the Mortgage Loans, all broker fees have been properly assessed to the Mortgagor and no claims will arise as to broker fees that are double charged and for which the Mortgagor would be entitled to reimbursement; (oo) With respect to any Mortgage Loan as to which an affidavit has been delivered to the Purchaser certifying that the original Mortgage Note has been lost or destroyed and not been replaced, if such Mortgage Loan is subsequently in default, the enforcement of such Mortgage Loan will not be materially adversely affected by the absence of the original Mortgage Note; (pp) Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1); (qq) Except as provided in Section 2.06, the Mortgage Note, the Mortgage, the Assignment of Mortgage and the other Mortgage Loan Documents set forth in Exhibit A-1 and required to be delivered on the related Closing Date have been delivered to the Purchaser or its designee all in compliance with the specific requirements of this Agreement. With respect to each Mortgage Loan, the Company is in possession of a complete Mortgage File and Servicing File except for such documents as have been delivered to the Purchaser or its designee; (rr) All information supplied by, on behalf of, or concerning the Mortgagor is true, accurate and complete and does not contain any statement that is or will be inaccurate or misleading in any material respect; (ss) To Company's knowledge, there does not exist on the related Mortgaged Property any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation; (tt) No Mortgage Loan had a Loan-to-Value Ratio at the time of origination of more than 100% and no Mortgage Loan had a Combined Loan-to-Value Ratio at the time of origination of more than 100%; (uu) None of the Mortgage Loans are (a) subject to, covered by or in violation of the Home Ownership and Equity Protection Act of 1994 ("HOEPA"), (b) classified as "high cost," "covered," "high risk home," "high-rate, high-fee," "threshold," or "predatory" loans under HOEPA or any other applicable state, federal or local law, including any predatory or abusive lending laws (or similarly classified loans using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees), (c) a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the current Standard & Poor's LEVELS(R) Glossary Revised, Appendix E) or (d) in violation of any state law or ordinance similar to HOEPA; (vv) No Mortgagor was required to purchase any credit life, disability, accident or health insurance product as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit life, disability, unemployment, property, mortgage, accident or health insurance policy in connection with the origination of the Mortgage Loan; None of the proceeds of the Mortgage Loan were used to purchase or finance single-premium credit life or disability insurance policies or any comparable insurance; (ww) Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having (A) first lien priority with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien priority with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Data Transmission), in either case, by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan; (xx) Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months; (yy) No Mortgage Loan is a Balloon Mortgage Loan; (zz) With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the related Mortgage Loan Schedule. The related assignment of Mortgage to MERS has been duly and properly recorded; (aaa) With respect to each MERS Mortgage Loan, the Company has not received any notice of liens or legal actions with respect to such Mortgage Loan and no such notices have been electronically posted by MERS; (bbb) Any Mortgaged Property that is considered manufactured housing shall be legally classified as real property, is permanently affixed to a foundation and must assume the characteristics of site-built housing and must otherwise conform to the requirements of Xxxxxx Mae and Xxxxxxx Mac; (ccc) With respect to each Mortgage Loan, the Company has fully and accurately furnished complete information on the related borrower credit files to Equifax, Experian and Trans Union Credit Information Company, in accordance with the Fair Credit Reporting Act and its implementing regulations, on a monthly basis and the Company will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company, on a monthly basis. (ddd) The Company has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the "Anti-Money Laundering Laws"); the Company has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. No Mortgage Loan is subject to nullification pursuant to Executive Order 13224 (the "Executive Order") or the regulations promulgated by the Office of Foreign Assets Control of the United States Department of the Treasury (the "OFAC Regulations") or in violation of the Executive Order or the OFAC Regulations, and no Mortgagor is subject to the provisions of such Executive Order or the OFAC Regulations nor listed as a "blocked person" for purposes of the OFAC Regulations; (eee) With respect to each Mortgage Loan which is a Second Lien Mortgage Loan (i) if the related first lien provides for negative amortization, the LTV was calculated at the maximum principal balance of such first lien that could result upon application of such negative amortization feature, and (ii) either no consent for the Mortgage Loan is required by the holder of the first lien or such consent has been obtained and is contained in the Mortgage File; (fff) No predatory or deceptive lending practices, including but not limited to, the extension of credit to the applicable Mortgagor without regard for said Mortgagor's ability to repay the Mortgage Loan and the extension of credit to said Mortgagor which has no apparent benefit to said Mortgagor, were employed by the originator of the Mortgage Loan in connection with the origination of the Mortgage Loan. Each Mortgage Loan is in compliance with the anti-predatory lending eligibility for purchase requirements of Xxxxxx Mae's Selling Guide; (ggg) No Mortgage Loan is a "High Cost Home Loan" as defined in the Georgia Fair Lending Act, as amended (the "Georgia Act") or New York Banking Law 6-1. No Mortgage Loan secured by owner occupied real property or an owner occupied manufactured home located in the State of Georgia was originated (or modified) on or after October 1, 2002 through and including March 6, 2003; (hhh) No Mortgage Loan (a) is secured by property located in the State of New York; (b) had an unpaid principal balance at origination of $300,000 or less, and (c) has an application date on or after April 1, 2003, the terms of which Mortgage Loan equal or exceed either the APR or the points and fees threshold for "high-cost home loans," as defined in Section 6-L of the New York State Banking Law; (iii) No Mortgagor was encouraged or required to select a Mortgage Loan product offered by the Mortgage Loan's originator which is a higher cost product designed for less creditworthy borrowers, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt to income ratios for a lower cost credit product then offered by the Mortgage Loan's originator or any affiliate of the Mortgage Loan's originator. If, at the time of loan application, the Mortgagor may have qualified for a lower cost credit product then offered by any mortgage lending affiliate of the Mortgage Loan's originator, the Mortgage Loan's originator referred the Mortgagor's application to such affiliate for underwriting consideration; (jjj) The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan; (kkk) All fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation; (lll) All points and fees related to each Mortgage Loan were disclosed in writing to the related Mortgagor in accordance with applicable state and federal law and regulation. Except in the case of a Mortgage Loan in an original principal amount of less than $60,000 which would have resulted in an unprofitable origination, no related Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such loan, such 5% limitation is calculated in accordance with Xxxxxx Mae's anti-predatory lending requirements as set forth in the Xxxxxx Mae Selling Guide;\ (mmm) The Company will transmit full-file credit reporting data for each Mortgage Loan pursuant to Xxxxxx Xxx Guide Announcement 95-19 and for each Loan, Company agrees it shall report one of the following statuses each month as follows: new origination, current, delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off; (nnn) As of the related Closing Date, each Loan is eligible for sale in the secondary mortgage market or for securitization without unreasonable credit enhancement. (ooo) No Mortgage Loan is a "High Cost Home Loan" as defined in the Arkansas Home Loan Protection Act effective July 16, 2003 (Act 1340 or 2003); (ppp) No Mortgage Loan is a "High Cost Home Loan" as defined in the Kentucky high-cost loan statute effective June 24, 2003 (Ky. Rev. Stat. Section 360.100). (qqq) No Mortgage Loan secured by property located in the State of Nevada is a "home loan" as defined in the Nevada Assembly Xxxx No. 284; (rrr) No Mortgage Loan originated in the City of Oakland is subject to the City of Oakland, California Ordinance 12361, (the "Ordinance") as a home loan; (sss) No Mortgage Loan is a subsection 10 mortgage under the Oklahoma Home Ownership and Equity Protection Act; (ttt) No Mortgage Loan is a "High-Risk Home Loan" as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.); (uuu) No Mortgage Loan is a "High-Cost Home Loan" as defined in the New Mexico Home Loan Protection Act effective January 1, 2004 (N.M. Stat. Xxx. xx.xx. 58-21A-1 et seq.); (vvv) No Mortgage Loan is a "High-Cost Home Loan" under the New Jersey Home Ownership Security Act of 2002 (the "NJ Act"); and each Mortgage Loan subject to the NJ Act is considered under the NJ Act as, either, a (1) purchase money Home Loan, (2) purchase money Covered Loan, or (3) a rate/term refinance Home Loan; (www) No Mortgage Loan originated in the city of Los Angeles, California on or after the effective date of the Los Angeles, California anti-predatory lending ordinance is a "high-cost refinance home loan" under such ordinance; (xxx) No Mortgage Loan that is secured by property located within the State of Maine meets the definition of a (i) "high-rate, high-fee" mortgage loan under Article VIII, Title 9-A of the Maine Consumer Credit Code No Mortgage Loan or (ii) "High-Cost Home Loan" as defined under the Maine House Xxxx 383 X.X. 494, effective as of September 13, 2003; (yyy) No Mortgagor agreed to submit to arbitration to resolve any dispute arising out of or relating in any way to the Mortgage Loan transaction; (zzz) The Mortgage File contains an appraisal of the related Mortgaged Property which satisfied the standards of Xxxxxx Mae and Xxxxxxx Mac and was made and signed, prior to the approval of the Mortgage Loan application, by a qualified appraiser, duly appointed by the Company, who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, whose compensation is not affected by the approval or disapproval of the Mortgage Loan and who met the minimum qualifications of Xxxxxx Mae and Xxxxxxx Mac. Each appraisal of the Mortgage Loan was made in accordance with the relevant provisions of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989; (aaaa) The Mortgagor has not made or caused to be made any payment in the nature of an `average' or `yield spread premium' to a mortgage broker or a like Person which has not been fully disclosed to the Mortgagor; and (bbbb) No Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of Massachusetts was made to pay off or refinance an existing loan or other debt of the related borrower (as the term "borrower" is defined in the regulations promulgated by the Massachusetts Secretary of State in connection with Massachusetts House Xxxx 4880 (2004)) unless (a) the related Mortgage Interest Rate (that would be effective once the introductory rate expires, with respect to Adjustable Rate Mortgage Loans) did or would not exceed by more than 2.25% the yield on United States Treasury securities having comparable periods of maturity to the maturity of the related Mortgage Loan as of the fifteenth day of the month immediately preceding the month in which the application for the extension of credit was received by the related lender or (b) the Mortgage Loan is an "open-ended home loan" (as such term is used in the Massachusetts House Xxxx 4880 (2004)) and the related Mortgage Note provides that the related Mortgage Interest Rate may not exceed at any time the Prime rate index as published in the Wall Street Journal plus a margin of one percent. ASSIGNMENT AND RECOGNITION AGREEMENT THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated February 22, 2006, ("Agreement") among UBS Real Estate Securities Inc. ("ASSIGNOR"), Mortgage Asset Securitization Transactions, Inc. ("ASSIGNEE") and First Street Financial, Inc. (the "Company"): For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows: ASSIGNMENT AND CONVEYANCE 1. The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller's Purchase, Warranties and Interim Servicing Agreement dated as of August 1, 2004, as amended (the "PURCHASE AGREEMENT"), between the Assignor, as purchaser (the "PURCHASER"), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the Schedule (the "MORTGAGE LOAN SCHEDULE") attached hereto as EXHIBIT A (the "MORTGAGE LOANS") and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement. The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement. RECOGNITION OF THE COMPANY 2. From and after the date hereof, the Company shall and does hereby recognize that the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2006-HE1 (the "TRUST") created pursuant to a Pooling and Servicing Agreement, dated as of February 1, 2006 (the "POOLING AGREEMENT"), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer and trust administrator (in such capacity, the "MASTER SERVICER" and "TRUST ADMINISTRATOR") and servicer (in such capacity, the "SERVICER"), JPMorgan Chase Bank, National Association as servicer (in such capacity, the "SERVICER") and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the "TRUSTEE"). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company's performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 3. The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that: (a) Attached hereto as EXHIBIT B is a true and accurate copy of the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder; (b) The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation; (c) The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company's business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company's charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; (d) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and (e) There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent. 4. Pursuant to Section 8.01(b)(iii) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof. 5. The Assignor hereby makes the following representation and warranty as of the date hereof: (a) Each Mortgage Loan at the time it was made complied in all material respects with applicable local, state, and federal laws, including, but not limited to, all applicable predatory and abusive lending laws; (b) None of the Mortgage Loans are High Cost as defined by any applicable predatory and abusive lending laws; (c) No Mortgage Loan is a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the then current Standard & Poor's LEVELS(R) Glossary which is now Version 5.6c Revised, Appendix E); and (d) There is no Mortgage Loan that was originated on or after March 7, 2003, which is a "high cost home loan" as defined under the Georgia Fair Lending Act. REMEDIES FOR BREACH OF REPRESENTATIONS AND WARRANTIES 6. The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). It is understood by the parties hereto that a breach of the representations and warranties made in Subsections 3.02 (h), (n), (ee), (pp), (uu), (vv), (bbb), (ccc), (ggg), (jjj), (kkk), (yyy), (dddd) and (eeee) will be deemed to materially and adversely affect the value of the related Mortgage Loan or the interest of the Purchaser therein. The Assignor hereby acknowledges and agrees that the remedies available to the the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling and Servicing Agreement as if they were set forth herein (including without limitation the repurchase obligations set forth therein). The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Section 5 above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). MISCELLANEOUS 7. This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 8. No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator. 9. This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust's behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder. 10. Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement. 11. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument. 12. In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control. 13. Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement. [SIGNATURE PAGE FOLLOWS] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written. UBS REAL ESTATE SECURITIES INC. By: -------------------------------------- Name: -------------------------------------- Title: -------------------------------------- MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. By: -------------------------------------- Name: -------------------------------------- Title: -------------------------------------- FIRST STREET FINANCIAL, INC. By: -------------------------------------- Name: -------------------------------------- Title: -------------------------------------- EXHIBIT A Mortgage Loan Schedule EXHIBIT B Section 3.01 REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company represents, warrants and covenants to the Purchaser that as of each Closing Date and as of each Servicing Transfer Date or as of such date specifically provided herein: (a) The Company is a corporation duly organized and validly existing under the laws of the State of California. The Company has all licenses necessary to carry out its business as now being conducted, and is licensed and qualified to transact business in and is in good standing under the laws of each state in which any Mortgaged Property is located or is otherwise exempt under applicable law from such licensing or qualification or is otherwise not required under applicable law to effect such licensing or qualification and no demand for such licensing or qualification has been made upon the Company by any such state, and in any event the Company is in compliance with the laws of any such state to the extent necessary to ensure the enforceability of each Mortgage Loan and the interim servicing of the Mortgage Loans in accordance with the terms of this Agreement. No licenses or approvals obtained by the Company have been suspended or revoked by any court, administrative agency, arbitrator or governmental body and no proceedings are pending which might result in such suspension or revocation; (b) The Company has the full power and authority and legal right to hold, transfer and convey each Mortgage Loan, to sell each Mortgage Loan and to execute, deliver and perform, and to enter into and consummate all transactions contemplated by this Agreement and the related Confirmation and to conduct its business as presently conducted; the Company has duly authorized the execution, delivery and performance of this Agreement and any agreements contemplated hereby, has duly executed and delivered this Agreement and the related Confirmation, and any agreements contemplated hereby, and this Agreement and the related Confirmation and each Assignment of Mortgage to the Purchaser and any agreements contemplated hereby, constitute the legal, valid and binding obligations of the Company, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar laws, and by equitable principles affecting the enforceability of the rights of creditors; and all requisite corporate action has been taken by the Company to make this Agreement, the related Confirmation and all agreements contemplated hereby valid and binding upon the Company in accordance with their terms; (c) Neither the execution and delivery of this Agreement, the related Confirmation, the sale of the Mortgage Loans to the Purchaser, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement and the related Confirmation will conflict with any of the terms, conditions or provisions of the Company's charter or by-laws or materially conflict with or result in a material breach of any of the terms, conditions or provisions of any legal restriction or any agreement or instrument to which the Company is now a party or by which it is bound, or constitute a default or result in an acceleration under any of the foregoing, or result in the material violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject; (d) There is no litigation, suit, proceeding or investigation pending or threatened, or any order or decree outstanding, which is reasonably likely to have a material adverse effect on the sale of the Mortgage Loans, the execution, delivery, performance or enforceability of this Agreement or the related Confirmation, or which is reasonably likely to have a material adverse effect on the financial condition of the Company; (e) No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Company of or compliance by the Company with this Agreement and the related Confirmation, except for consents, approvals, authorizations and orders which have been obtained; (f) The consummation of the transactions contemplated by this Agreement and the related Confirmation are in the ordinary course of business of the Company, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Company pursuant to this Agreement and the related Confirmation are not subject to bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction; (g) The origination, servicing and collection practices with respect to each Mortgage Note and Mortgage have been legal and in accordance with applicable laws and regulations, and in all material respects in accordance with Accepted Servicing Practices. The Company further represents and warrants that: with respect to escrow deposits and payments that the Company is entitled to collect, all such payments are in the possession of, or under the control of, the Company or its delegate, and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made; all escrow payments have been collected and are being maintained in full compliance with applicable state and federal law and the provisions of the related Mortgage Note and Mortgage; as to any Mortgage Loan that is the subject of an escrow, escrow of funds is not prohibited by applicable law and has been established in an amount sufficient to pay for every escrowed item that remains unpaid and has been assessed but is not yet due and payable; no escrow deposits or other charges or payments due under the Mortgage Note have been capitalized under any Mortgage or the related Mortgage Note; all Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage Note; and any interest required to be paid pursuant to state and local law has been properly paid and credited; (h) The Company has not used selection procedures that identified the Mortgage Loans as being less desirable or valuable than other comparable mortgage loans in the Company's portfolio at the related Closing Date; (i) The Company will treat the transfer of the Mortgage Loans to the Purchaser as a sale for reporting and accounting purposes and, to the extent appropriate, for federal income tax purposes. The Company shall maintain a complete set of books and records for each Mortgage Loan which shall be clearly marked to reflect the ownership of such Mortgage Loan by the Purchaser; (j) The Company is an approved seller/servicer of residential mortgage loans for HUD, with such facilities, procedures and personnel necessary for the sound servicing of such mortgage loans. The Company is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws and regulations and is in good standing to sell mortgage loans to and service mortgage loans for HUD and no event has occurred which would make the Company unable to comply with eligibility requirements or which would require notification to HUD; (k) The Company does not believe, nor does it have any cause or reason to believe, that it cannot perform each and every covenant contained in this Agreement and the related Confirmation applicable to it. The Company is solvent and the sale of the Mortgage Loans will not cause the Company to become insolvent. The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of the Company's creditors; (l) No statement, tape, diskette, form, report or other document prepared by, or on behalf of, the Company pursuant to this Agreement, the related Confirmation or in connection with the transactions contemplated hereby, contains or will contain any statement that is or will be inaccurate or misleading in any material respect. The Company has prudently originated and underwritten each Mortgage Loan; (m) The consideration received by the Company upon the sale of the Mortgage Loans constitutes fair consideration and reasonably equivalent value for such Mortgage Loans; (n) The Company has delivered to the Purchaser financial statements as to its last two complete fiscal years. All such financial statements fairly present the pertinent results of operations and changes in financial position for each of such periods and the financial position at the end of each such period of the Company and its subsidiaries and have been prepared in accordance with GAAP consistently applied throughout the periods involved, except as set forth in the notes thereto. There has been no change in the business, operations, financial condition, properties or assets of the Company since the date of the Company's financial statements that would have a material adverse effect on its ability to perform its obligations under this Agreement or the related Confirmation; (o) The Company has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans; and (p) To the extent that the Purchaser has at any time purchased a MERS Mortgage Loan hereunder, the Company is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the MERS Mortgage Loans for as long as such Mortgage Loans are registered with MERS. Section 3.02 REPRESENTATIONS AND WARRANTIES AS TO INDIVIDUAL MORTGAGE LOANS. The Company hereby represents and warrants to the Purchaser, as to each Mortgage Loan, as of the related Closing Date and as of the related Servicing Transfer Date as follows: (a) The information set forth in the related Mortgage Loan Schedule, including any diskette or other related data tapes sent to the Purchaser, is complete, true and correct in all material respects; (b) The Mortgage creates a (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule) or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien (as reflected on the Mortgage Loan Schedule), in either case, in the related Mortgaged Property securing the related Mortgage Note; (c) All payments due on or prior to the related Closing Date for such Mortgage Loan have been made as of the related Closing Date, the Mortgage Loan is not delinquent in payment more than 30 days and has not been dishonored; there are no material defaults under the terms of the Mortgage Loan; the Company has not advanced funds, or induced, solicited or knowingly received any advance of funds from a party other than the owner of the Mortgaged Property subject to the Mortgage, directly or indirectly, for the payment of any amount required by the Mortgage Loan; no payment with respect to each Mortgage Loan has been delinquent during the preceding twelve-month period; (d) All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or escrow funds have been established in an amount sufficient to pay for every such escrowed item which remains unpaid and which has been assessed but is not yet due and payable; (e) The terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any respect, except by written instruments which have been recorded to the extent any such recordation is required by law. No instrument of waiver, alteration or modification has been executed, and no Mortgagor has been released, in whole or in part, from the terms thereof except in connection with an assumption agreement and which assumption agreement is part of the Mortgage File and the terms of which are reflected in the related Mortgage Loan Schedule; the substance of any such waiver, alteration or modification has been approved by the issuer has been approved by the issuer of any related title insurance policy, to the extent required by the related policy. (f) The Mortgage Note and the Mortgage are not subject to any right of rescission, set-off, counterclaim or defense, including, without limitation, the defense of usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, render the Mortgage Note or Mortgage unenforceable, in whole or in part, or subject to any right of rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto; and the Mortgagor was not a debtor in any state or federal bankruptcy or insolvency proceeding at the time the Mortgage Loan was originated; (g) All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable under the Xxxxxx Xxx Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Xxxxxx Mae Guides or by the Xxxxxxx Mac Guides, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans, and (ii) the greater of (a) either (1) the outstanding principal balance of the Mortgage Loan with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule) or (2) with respect to each Second Lien Mortgage Loan, the sum of the outstanding principal balance of the first lien on such Mortgage Loan and the outstanding principal balance of such Second Lien Mortgage Loan, and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the mortgagee from becoming a co-insurer, but in no event greater than the maximum amount permitted under applicable law. All such standard hazard policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Company and its successors in interest and assigns as loss payee and such clause is still in effect and all premiums due thereon have been paid. If required by the Flood Disaster Protection Act of 1973, as amended, the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration which policy conforms to Xxxxxx Mae and Xxxxxxx Mac requirements, in an amount not less than the amount required by the Flood Disaster Protection Act of 1973, as amended. Such policy was issued by an insurer acceptable under Xxxxxx Mae or Xxxxxxx Mac guidelines. The Mortgage obligates the Mortgagor thereunder to maintain all such insurance at the Mortgagor's cost and expense, and upon the Mortgagor's failure to do so, authorizes the holder of the Mortgage to maintain such insurance at the Mortgagor's cost and expense and to seek reimbursement therefor from the Mortgagor; (h) Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, fair housing, predatory and abusive lending, or disclosure laws applicable to the Mortgage Loan or any related Prepayment Penalty have been complied with in all material respects and the consummation of the transactions contemplated hereby will not involve the violation of any such laws; (i) The Mortgage has not been satisfied, canceled or subordinated (other than the subordination of any Second Lien Mortgage Loan to the related First Lien), in whole or in part, or rescinded, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part nor has any instrument been executed that would effect any such release, cancellation, subordination or rescission. The Company has not waived the performance by the Mortgagor of any action, if the Mortgagor's failure to perform such action would cause the Mortgage Loan to be in default, nor has the Company waived any default resulting from any action or inaction by the Mortgagor; (j) The related Mortgage is a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the Mortgaged Property including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems affixed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing securing the Mortgage Note's original principal balance. The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non-delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and either (A) which are referred to or otherwise considered in the appraisal made for the originator of the Mortgage Loan, or (B) which do not adversely affect the appraised value of the Mortgaged Property as set forth in such appraisal, (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property and (4) with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien on the Mortgaged Property. Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the property described therein, and the Company has the full right to sell and assign the same to the Purchaser; (k) The Mortgage Note and the related Mortgage are original and genuine and each is the legal, valid and binding obligation of the maker thereof, enforceable in all respects in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general application affecting the rights of creditors and by general equitable principles and the Company has taken all action necessary to transfer such rights of enforceability to the Purchaser. All parties to the Mortgage Note and the Mortgage had the legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage. The Mortgage Note and the Mortgage have been duly and properly executed by such parties. No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to a Mortgage Loan has taken place on the part of the Company or the Mortgagor, or, on the part of any other party involved in the origination of the Mortgage Loan. The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage; (l) The Company is the sole owner of record and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Company will retain the Servicing File in trust for the Purchaser only for the purpose of interim servicing and supervising the interim servicing of the Mortgage Loan. Immediately prior to the transfer and assignment to the Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, were not subject to an assignment or pledge other than with respect to a lien of a warehouse lender which lien was released by such lender simultaneously with or prior to the payment of the Purchase Price by the Purchaser as evidenced by a security release certification delivered to the Purchaser pursuant to Section 2.09 of this Agreement. The Company had good and marketable title to and was the sole owner thereof and had full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest and has the full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign the Mortgage Loan pursuant to this Agreement and following the sale of the Mortgage Loan, the Purchaser will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. The Company intends to relinquish all rights to possess, control and monitor the Mortgage Loan, except for the purposes of servicing the Mortgage Loan as set forth in this Agreement. Either the Mortgagor is a natural person or the Mortgagor is an inter-vivos trust acceptable to Xxxxxx Mae. With respect to each inter-vivos trust, holding title to the Mortgaged Property in such trust will not diminish any rights as a creditor including the right to full title to the Mortgaged Property in the event foreclosure proceedings are initiated; (m) Each Mortgage Loan is covered by an ALTA lender's title insurance policy (or, with respect to any Second Lien Mortgage Loan, by a short form title report) issued by a title insurer acceptable to Xxxxxx Xxx or Xxxxxxx Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring (subject to the exceptions contained in (j)(1), (2) and (3) above and, with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (4)) the Company, its successors and assigns, as to the first (or, where applicable, second) priority lien of the Mortgage in the original principal amount of the Mortgage Loan and, with respect to each Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment in the Mortgage Interest Rate and Monthly Payment. Additionally, such policy affirmatively insures ingress and egress to and from the Mortgaged Property. Where required by applicable state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. The Company, its successors and assigns, are the sole insureds of such lender's title insurance policy, such title insurance policy has been duly and validly endorsed to the Purchaser or the assignment to the Purchaser of the Company's interest therein does not require the consent of or notification to the insurer and such lender's title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement and the related Confirmation. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Company, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy; (n) There is no default, breach, violation or event of acceleration existing under the Mortgage or the related Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event permitting acceleration; and neither the Company nor any prior mortgagee has waived any default, breach, violation or event permitting acceleration. With respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) (i) the First Lien is in full force and effect, (ii) there is no default, breach, violation or event of acceleration existing under such First Lien mortgage or the related mortgage note, (iii) either no consent for the Mortgage Loan is required by the holder of the First Lien or such consent has been obtained and is contained in the Mortgage File, (iv) to the best of Company's knowledge, no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration thereunder, and either (A) the First Lien mortgage contains a provision which allows or (B) applicable law requires, the mortgagee under the Second Lien Mortgage Loan to receive notice of, and affords such mortgagee an opportunity to cure any default by payment in full or otherwise under the First Lien mortgage, and (v) such Second Lien Mortgage Loan is secured by a one- to four-family residence that was (or would be) the principal residence of the Mortgagor upon the origination of the Second Lien Mortgage Loan; (o) There are no mechanics' or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to or equal to the lien of the related Mortgage; (p) All improvements subject to the Mortgage which were considered in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property (and wholly within the project with respect to a condominium unit) and no improvements on adjoining properties encroach upon the Mortgaged Property except those which are insured against by the title insurance policy referred to in clause (m) above and all improvements on the property comply with all applicable zoning and subdivision laws and ordinances; (q) The Mortgage Loan was originated by or for the Company. The Mortgage Loan complies with all the terms, conditions and requirements of the Company's Underwriting Standards in effect at the time of origination of such Mortgage Loan subject to exceptions which are in writing in the Mortgage File and were approved by the Purchaser prior to the related Closing Date. The Mortgage Notes and Mortgages (exclusive of any riders) are on forms generally acceptable to Xxxxxx Xxx or Xxxxxxx Mac. The Mortgage Loan bears interest at the Mortgage Interest Rate set forth in the related Mortgage Loan Schedule, and Monthly Payments under the Mortgage Note are due and payable on the first day of each month. The Mortgage contains the usual and enforceable provisions of the originator at the time of origination for the acceleration of the payment of the unpaid principal amount of the Mortgage Loan if the related Mortgaged Property is sold without the prior consent of the mortgagee thereunder; (r) The Mortgaged Property is not subject to any material damage by waste, fire, earthquake, windstorm, flood or other casualty, and is in good repair. At origination of the Mortgage Loan there was, and there currently is, no proceeding pending for the total or partial condemnation of the Mortgaged Property. There have not been any condemnation proceedings with respect to the Mortgaged Property and there are no such proceedings scheduled to commence at a future date; (s) The related Mortgage contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security provided thereby. There is no homestead or other exemption available to the Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose the Mortgage; (t) If the Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified if required under applicable law to act as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale or attempted sale after default by the Mortgagor; (u) The Mortgage File contains an appraisal of the related Mortgaged Property which, (a) with respect to First Lien Mortgage Loans, is on appraisal form 1004 or form 2055 with an interior inspection, or (b) with respect to Second Lien Mortgage Loans, is on appraisal form 704, 2065 or 2055, and (c) with respect to (a) or (b) above was signed prior to the final approval of the mortgage loan application by a Qualified Appraiser, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and appraiser both satisfy the requirements of Xxxxxx Mae or Xxxxxxx Mac and Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated. The appraisal is in a form acceptable to Xxxxxx Mae or Xxxxxxx Mac; (v) All parties which have had any interest in the Mortgage, whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (A) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (B) (1) organized under the laws of such state, or (2) qualified to do business in such state, or (3) federal savings and loan associations or national banks or a Federal Home Loan Bank or savings bank having principal offices in such state, or (4) not doing business in such state; (w) The related Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in (j) above and such collateral does not serve as security for any other obligation; (x) The Mortgagor has received all disclosure materials required by applicable law with respect to the making of such mortgage loans; (y) The Mortgage Loan does not contain "graduated payment" features and does not have a shared appreciation or other contingent interest feature; no Mortgage Loan contains any buydown provisions; (z) The Mortgagor is not in bankruptcy and the Mortgagor is not insolvent and the Company has no knowledge of any circumstances or condition with respect to the Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor's credit standing that could reasonably be expected to cause investors to regard the Mortgage Loan as an unacceptable investment, cause the Mortgage Loan to become delinquent, or materially adversely affect the value or marketability of the Mortgage Loan; (aa) Except with respect to any IO Mortgage Loan, principal payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were disbursed in connection with the Mortgage Loan. The Mortgage Loans have an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. The Mortgage Loan bears interest at the Mortgage Interest Rate. With respect to each Mortgage Loan, the Mortgage Note is payable on the first day of each month in Monthly Payments which, with respect to a Mortgage Loan other than an IO Mortgage Loan or Balloon Mortgage Loan, requires a monthly payment which in the case of a Fixed Rate Mortgage Loan, is sufficient to fully amortize the original principal balance over the original term thereof and to pay interest at the related Mortgage Interest Rate, and in the case of an Adjustable Rate Mortgage Loan, is changed on each Adjustment Date and is sufficient to fully amortize the original principal balance over the original term thereof and to pay interest at the related Mortgage Interest Rate. With respect to each Balloon Mortgage Loan, the Mortgage Note requires a monthly payment which is sufficient to fully amortize the original principal balance over the original term thereof and to pay interest at the related Mortgage Interest Rate and requires a final Monthly Payment substantially greater than the preceding monthly payment which is sufficient to repay the remained unpaid principal balance of the Balloon Mortgage Loan as the Due Date of such monthly payment. With respect to each IO Mortgage Loan, the interest-only period shall not exceed the interest-only period set forth on the related Mortgage Loan Schedule and following the expiration of such interest-only period, the remaining Monthly Payments shall be sufficient to fully amortize the original principal balance over the remaining term of the Mortgage Loan. No Mortgage Loan contains terms or provisions which would result in negative amortization. No Mortgage Loan provides for the capitalization or forbearance of interest; (bb) No Mortgage Loan is subject to a lender-paid mortgage insurance policy; (cc) As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located; (dd) The Mortgaged Property is located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a townhouse, or a two-to four-family dwelling, or an individual condominium unit in a condominium project, or an individual unit in a planned unit development or a de minimis planned unit development, provided, however, that no residence or dwelling is a single parcel of real property with a cooperative housing corporation erected thereon, or a mobile home. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date or origination no portion of the Mortgaged Property has been used for commercial purposes; (ee) Except as set forth on the related Mortgage Loan Schedule, none of the Mortgage Loans are subject to a Prepayment Penalty. For any Mortgage Loan originated prior to October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond five years after the date of origination. For any Mortgage Loan originated on or following October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond three years after the date of origination. Any such prepayment penalty is permissible and enforceable in accordance with its terms upon the Mortgagor's full and voluntary principal prepayment under applicable law. With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the loan's origination, the Mortgagor agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) prior to the loan's origination, the Mortgagor was offered the option of obtaining a Mortgage Loan that did not require payment of such a premium, (iii) the prepayment premium is disclosed to the Mortgagor in the loan documents pursuant to applicable state and federal law, (iv) for Mortgage Loans originated on or after September 1, 2004, the duration of the prepayment period shall not exceed three (3) years from the date of the Mortgage Note, unless the Mortgage Loan was modified to reduce the prepayment period to no more than three years from the date of the Mortgage Note and the Mortgagor was notified in writing of such reduction in prepayment period, and (v) notwithstanding any state or federal law to the contrary, the Company shall not impose such prepayment premium in any instance when the Mortgage Loan is accelerated or paid off in connection with the Mortgagor's failure to make the Monthly Payments; (ff) The Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities; (gg) [reserved]; (hh) There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property; and nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of said property; (ii) The Mortgagor has not notified the Company requesting relief under the Soldiers' and Sailors' Civil Relief Act of 1940 or the Servicemembers Civil Relief Act, and the Company has no knowledge of any relief requested or allowed to the Mortgagor under the Soldiers' and Sailors' Civil Relief Act of 1940 or the Servicemembers Civil Relief Act or any similar state laws; (jj) As of the related Closing Date, no Mortgage Loan was in construction or rehabilitation status or has facilitated the trade-in or exchange of a Mortgaged Property; (kk) No action has been taken or failed to be taken on or prior to the related Closing Date which has resulted or will result in an exclusion from, denial of, or defense to coverage under any insurance policy related to a Mortgage Loan (including, without limitation, any exclusions, denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud, or for any other reason under such coverage; (ll) The Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or similar institution which is supervised and examined by a federal or state authority; (mm) With respect to each Mortgage Loan that is secured in whole or in part by the interest of the mortgagor as a lessee under a ground lease of the related Mortgaged Property (a "Ground Lease") and not by a fee interest in such Mortgaged Property: a. The mortgagor is the owner of a valid and subsisting interest as tenant under the Ground Lease; b. The Ground Lease is in full force and effect, unmodified and not supplemented by any writing or otherwise; c. The mortgagor is not in default under any of the terms thereof and there are no circumstances which, with the passage of time or the giving of notice or both, would constitute an event of default thereunder; d. The lessor under the Ground Lease is not in default under any of the terms or provisions thereof on the part of the lessor to be observed or performed; e. The term of the Ground Lease exceeds the maturity date of the related Mortgage Loan by at least five years; f. The Ground Lease or a memorandum thereof has been recorded and by its terms permits the leasehold estate to be mortgaged. The Ground Lease grants any leasehold mortgagee standard protection necessary to protect the security of a leasehold mortgagee; g. The Ground Lease does not contain any default provisions that could give rise to forfeiture or termination of the Ground Lease except for the non-payment of the Ground Lease rents; h. The execution, delivery and performance of the Mortgage do not require the consent (other than those consents which have been obtained and are in full force and effect) under, and will not contravene any provision of or cause a default under, the Ground Lease; and i. The Ground Lease provides that the leasehold can be transferred, mortgaged and sublet an unlimited number of times either without restriction or on payment of a reasonable fee and delivery of reasonable documentation to the lessor; (nn) With respect to any broker fees collected and paid on any of the Mortgage Loans, all broker fees have been properly assessed to the Mortgagor and no claims will arise as to broker fees that are double charged and for which the Mortgagor would be entitled to reimbursement; (oo) With respect to any Mortgage Loan as to which an affidavit has been delivered to the Purchaser certifying that the original Mortgage Note has been lost or destroyed and not been replaced, if such Mortgage Loan is subsequently in default, the enforcement of such Mortgage Loan will not be materially adversely affected by the absence of the original Mortgage Note; (pp) Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1); (qq) Except as provided in Section 2.06, the Mortgage Note, the Mortgage, the Assignment of Mortgage and the other Mortgage Loan Documents set forth in Exhibit A-1 and required to be delivered on the related Closing Date have been delivered to the Purchaser or its designee all in compliance with the specific requirements of this Agreement. With respect to each Mortgage Loan, the Company is in possession of a complete Mortgage File and Servicing File except for such documents as have been delivered to the Purchaser or its designee; (rr) All information supplied by, on behalf of, or concerning the Mortgagor is true, accurate and complete and does not contain any statement that is e inaccurate or misleading in any material respect; (ss) There does not exist on the related Mortgaged Property any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation; (tt) No Mortgage Loan had a Loan-to-Value Ratio or Combined Loan-to-Value Ratio at the time of origination of more than 100% or such other percentage set forth in the related Confirmation; (uu) No Mortgage Loan is (a) subject to, covered by or in violation of the Home Ownership and Equity Protection Act of 1994 ("HOEPA"), (b) classified as a "high cost," "covered," "high risk home", "high-rate, high-fee," "threshold," or "predatory" loan under HOEPA or any other applicable state, federal or local law, including any predatory or abusive lending laws (or a similarly classified loan using different terminology under a law imposing heightened scrutiny or additional legal liability for a residential mortgage loan having high interest rates, points and/or fees), (c) a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the Standard & Poor's LEVELS(R) Glossary Revised, Appendix E) or (d) in violation of any state law or ordinance comparable to HOEPA; (vv) No Mortgagor was required to purchase any credit life, disability, accident, unemployment, property or health insurance product or debt cancellation agreement as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit life, disability, unemployment, property, mortgage, accident or health insurance policy in connection with the origination of the Mortgage Loan; No proceeds from any Mortgage Loan were used to purchase or finance single-premium insurance policies or debt cancellation agreements as part of the origination of or as a condition to closing, such Mortgage Loan; (ww) Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having (A) first lien priority with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien priority with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Data Transmission), in either case, by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan; (xx) Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months; (yy) [Reserved]; (zz) With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the related Mortgage Loan Schedule. The related assignment of Mortgage to MERS has been duly and properly recorded; (aaa) With respect to each MERS Mortgage Loan, the Company has not received any notice of liens or legal actions with respect to such Mortgage Loan and no such notices have been electronically posted by MERS; (bbb) Any Mortgaged Property that is considered manufactured housing shall be legally classified as real property, is permanently affixed to a foundation and must assume the characteristics of site-built housing and must otherwise conform to the requirements of Xxxxxx Mae and Xxxxxxx Mac, including without limitation, the requirement that such manufactured housing will be the principal residence of the Mortgagor upon origination of the Mortgage Loan; (ccc) With respect to each Mortgage Loan, to the extent required by the Fair Credit Reporting Act and its implementing regulations, the Company has fully and accurately furnished complete information on the related borrower credit files to Equifax, Experian and Trans Union Credit Information Company; (ddd) The Company has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the "ANTI-MONEY LAUNDERING LAWS"); the Company has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. No Mortgage Loan is subject to nullification pursuant to Executive Order 13224 (the "Executive Order") or the regulations promulgated by the Office of Foreign Assets Control of the United States Department of the Treasury (the "OFAC Regulations") or in violation of the Executive Order or the OFAC Regulations, and no Mortgagor is subject to the provisions of such Executive Order or the OFAC Regulations nor listed as a "blocked person" for purposes of the OFAC Regulations; (eee) With respect to each Mortgage Loan which is a Second Lien Mortgage Loan (i) if the related first lien provides for negative amortization, the LTV was calculated at the maximum principal balance of such first lien that could result upon application of such negative amortization feature, and (ii) either no consent for the Mortgage Loan is required by the holder of the first lien or such consent has been obtained and is contained in the Mortgage File; (fff) No predatory or deceptive lending practices, including but not limited to, the extension of credit to the applicable Mortgagor without regard for said Mortgagor's ability to repay the Mortgage Loan and the extension of credit to said Mortgagor which has no apparent benefit to said Mortgagor, were employed by the originator of the Mortgage Loan in connection with the origination of the Mortgage Loan. Each Mortgage Loan is in compliance with the anti-predatory lending eligibility for purchase requirements of Xxxxxx Mae's Selling Guide; (ggg) No Mortgage Loan is a "High Cost Home Loan" as defined in the Georgia Fair Lending Act, as amended (the "Georgia Act") or New York Banking Law 6-1. No Mortgage Loan secured by owner occupied real property or an owner occupied manufactured home located in the State of Georgia was originated (or modified) on or after October 1, 2002 through and including March 6, 2003; (hhh) No Mortgage Loan (a) is secured by property located in the State of New York; (b) had an unpaid principal balance at origination of $300,000 or less, and (c) has an application date on or after April 1, 2003, the terms of which Mortgage Loan equal or exceed either the APR or the points and fees threshold for "high-cost home loans," as defined in Section 6-L of the New York State Banking Law; (iii) No Mortgagor was encouraged or required to select a Mortgage Loan product offered by the Mortgage Loan's originator which is a higher cost product designed for less creditworthy borrowers, unless at the time of the Mortgage Loan's origination, such Mortgagor did not qualify taking into account credit history and debt to income ratios for a lower cost credit product then offered by the Mortgage Loan's originator or any affiliate of the Mortgage Loan's originator. If, at the time of loan application, the Mortgagor may have qualified for a lower cost credit product then offered by any mortgage lending affiliate of the Mortgage Loan's originator, the Mortgage Loan's originator referred the Mortgagor's application to such affiliate for underwriting consideration; (jjj) The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan; (kkk) All points fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Mortgage Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation; (lll) All points and fees related to each Mortgage Loan were disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. No Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than 5% of the principal amount of such loan, such 5% limitation is calculated in accordance with Xxxxxx Mae's anti-predatory lending requirements as set forth in the Xxxxxx Mae Selling Guide; (mmm) [Reserved]; (nnn) As of the Closing Date, each Loan is eligible for sale in the secondary mortgage market or for securitization without unreasonable credit enhancement. (ooo) No Mortgage Loan is a "High Cost Home Loan" as defined in the Arkansas Home Loan Protection Act effective July 14, 2003 (Act 1340 or 2003); (ppp) No Mortgage Loan is a "High Cost Home Loan" as defined in the Kentucky high-cost loan statute effective June 25, 2003 (Ky. Rev. Stat. Section 360.100). (qqq) [Reserved]; (rrr) No Mortgage Loan originated in the City of Oakland is subject to the City of Oakland, California Ordinance 12361, (the "Ordinance") as a home loan; (sss) No Mortgage Loan is a subsection 10 mortgage under the Oklahoma Home Ownership and Equity Protection Act; (ttt) No Mortgage Loan is a "High-Risk Home Loan" as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.); (uuu) No Mortgage Loan is a "High-Cost Home Loan" as defined in the New Mexico Home Loan Protection Act effective January 1, 2004 (N.M. Stat. Xxx. xx.xx. 58-21A-1 et seq.); (vvv) No Mortgage Loan is a "High-Cost Home Loan" under the New Jersey Home Ownership Security Act of 2002 (the "NJ Act"); and each Mortgage Loan subject to the NJ Act is considered under the NJ Act as, either, a (1) purchase money Home Loan, (2) purchase money Covered Loan, or (3) a rate/term refinance Home Loan; (www) No Mortgage Loan originated in the city of Los Angeles, California on or after the effective date of the Los Angeles, California anti-predatory lending ordinance is a "high-cost refinance home loan" under such ordinance; (xxx) No Mortgage Loan that is secured by property located within the State of Maine meets the definition of a (i) "high-rate, high-fee" mortgage loan under Article VIII, Title 9-A of the Maine Consumer Credit Code No Mortgage Loan or (ii) "High-Cost Home Loan" as defined under the Maine House Xxxx 383 X.X. 494, effective as of September 13, 2003; (yyy) No Mortgagor agreed to submit to arbitration to resolve any dispute arising out of or relating in any way to the Mortgage Loan transaction; (zzz) With respect to any Mortgage Loan for which a mortgage loan application was submitted by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by Mortgaged Property in the State of Illinois which has a Mortgage Interest Rate in excess of 8.0% per annum has lender-imposed fees (or other charges) in excess of 3.0% of the original principal balance of the Mortgage Loan; (aaaa) The Mortgagor has not made or caused to be made any payment in the nature of an `average' or `yield spread premium' to a mortgage broker or a like Person which has not been fully disclosed to the Mortgagor; (bbbb) No Mortgage Loan is a Convertible Mortgage Loan; (cccc) No Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of Massachusetts was made to pay off or refinance an existing loan or other debt of the related borrower (as the term "borrower" is defined in the regulations promulgated by the Massachusetts Secretary of State in connection with the Massachusetts General Laws Chapter 183, Section 28C) unless (a) the related Mortgage Interest Rate (that would be effective once the introductory rate expires, with respect to Adjustable Rate Mortgage Loans) did or would not exceed by more than 2.50% the yield on United States Treasury securities having comparable periods of maturity to the maturity of the related Mortgage Loan as of the fifteenth day of the month immediately preceding the month in which the application for the extension of credit was received by the related lender or (b) the Mortgage Loan is an "open-end home loan" (as such term is used in the Massachusetts General Laws Chapter 183, Section 28C or the regulations promulgated in connection therewith) and the related Mortgage Note provides that the related Mortgage Interest Rate may not exceed at any time the Prime rate index as published in the Wall Street Journal plus a margin of one percent; and (dddd) No Mortgagor was charged "points and fees" in an amount greater than (a) $1,000 or (b) 5% of the principal amount of the related Mortgage Loan, whichever is greater. For purposes of this representation, "points and fees" (x) include origination, underwriting, broker and finder's fees and charges that the lender imposed as a condition of making the Mortgage Loan, whether they are paid to the lender or a third party; and (y) exclude bona fide discount points, fees paid for actual services rendered in connection with the origination of the Mortgage (such as attorneys' fees, notaries fees and fees paid for property appraisals, credit reports, surveys, title examinations and extracts, flood and tax certifications, and home inspections); the cost of mortgage insurance or credit-risk price adjustments; the costs of title, hazard, and flood insurance policies; state and local transfer taxes or fees; escrow deposits for the future payment of taxes and insurance premiums; and other miscellaneous fees and charges that, in total, do not exceed 0.25 percent of the loan amount; and (eeee) With respect to each Mortgage Loan, the Mortgage Loan's originator offered the Mortgagor mortgage loan products offered by such Mortgage Loan's originator, or any affiliate of such Mortgage Loan's originator, for which the Mortgagor qualified. ASSIGNMENT AND RECOGNITION AGREEMENT THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated February 22, 2006, ("Agreement") among UBS Real Estate Securities Inc. ("ASSIGNOR"), Mortgage Asset Securitization Transactions, Inc. ("ASSIGNEE") and Fremont Investment & Loan (the "COMPANY"): For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows: ASSIGNMENT AND CONVEYANCE The Assignor hereby conveys, sells, grants, transfers and assigns to the Assignee (x) all of the right, title and interest of the Assignor, as purchaser, in, to and under (a) those certain Mortgage Loans listed as being originated by the Company on the schedule (the "MORTGAGE LOAN SCHEDULE") attached hereto as Exhibit A (the "MORTGAGE LOANS") and (b) except as described below, that certain Master Seller's Purchase, Warranties and Interim Servicing Agreement dated as of March 1, 2004, as amended (the "PURCHASE AGREEMENT"), between the Assignor, as initial purchaser (the "PURCHASER"), and the Company, as seller and interim servicer, solely insofar as the Purchase Agreement relates to the Mortgage Loans and (y) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement. The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the mortgage loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement. RECOGNITION OF THE COMPANY From and after the date hereof, the Company shall and does hereby recognize that the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset-Backed Securities Trust 2006-HE1 (the "Trust") created pursuant to a Pooling and Servicing Agreement, dated as of February 1, 2006 (the "Pooling Agreement"), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer, serivcer and trust administrator (including its successors in interest and any successor servicers under the Pooling Agreement, the "Master Servicer", "Servicer" or "Trust Administrator") and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the "Trustee"). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee and the Servicer acting on the Trust's behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee and the Servicer acting on the Trust's behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company's performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 1. The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that: (a) The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation; (b) The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company's business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company's charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors' rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law; (c) No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement; and (d) There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent. 2. Pursuant to Section 8 of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement (set forth on Schedule 1 hereto), are true and correct as of the date hereof as if such representations and warranties were made on such date, except that the representation and warranty set forth in Section 3.02(a) shall, for purposes of this Agreement, relate to the Mortgage Loan Schedule attached hereto and except for the limitations and qualifications set forth on Schedule 2 hereto. 3. The Assignor hereby makes the following representations and warranties as of the date hereof: (a) Each Mortgage Loan at the time it was made complied in all material respects with applicable local, state, and federal laws, including, but not limited to, all applicable predatory and abusive lending laws; (b) None of the Mortgage Loans are High Cost as defined by any applicable predatory and abusive lending laws; and (c) No Mortgage Loan is a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the then current Standard & Poor's LEVELS(R) Glossary which is now Version 5.6c Revised, Appendix E). REMEDIES FOR BREACH OF REPRESENTATIONS AND WARRANTIES The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.01 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). In addition, the Company hereby acknowledges and agrees that any breach of the representations set forth in Section 3.02 (ee), (uu), (vv), (ccc) and (ggg) of the Purchase Agreement and Section 1(e) hereof shall be deemed to materially and adversely affect the value of the related mortgage loans or the interests of the Trust in the related mortgage loans. The Assignor hereby acknowledges and agrees that the remedies available to the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust's behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 3 hereof shall be as set forth in Section 2.03 of the Pooling Agreement as if they were set forth herein. The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Section 3 above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s). MISCELLANEOUS 4. This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 5. No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee. 6. This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee and the Servicer acting on the Trust's behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder. 7. Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement. 8. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument. 9. In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control. 10. Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement. [SIGNATURE PAGE FOLLOWS] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written. UBS REAL ESTATE SECURITIES INC. By: ---------------------------------- Name: Title: By: ---------------------------------- Name: Title: MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. By: ---------------------------------- Name: Title: By: ---------------------------------- Name: Title: FREMONT INVESTMENT & LOAN By: ---------------------------------- Name: Title: EXHIBIT A Mortgage Loan Schedule AVAILABLE UPON REQUEST SCHEDULE 1 Limitations on Representations and Warranties Capitalized terms used herein but not defined in this Schedule 1 shall have the meanings given to such terms in the Purchase Agreement: Section 3.01 Representations and Warranties of the Company. The Company represents, warrants and covenants to the Purchaser that as of each Closing Date and as of each Servicing Transfer Date or as of such date specifically provided herein: (a) The Company is a state chartered industrial bank duly organized and validly existing under the laws of the State of California. The Company has all licenses necessary to carry out its business as now being conducted, and is licensed and qualified to transact business in and is in good standing under the laws of each state in which any Mortgaged Property is located or is otherwise exempt under applicable law from such licensing or qualification or is otherwise not required under applicable law to effect such licensing or qualification and no demand for such licensing or qualification has been made upon the Company by any such state, and in any event the Company is in compliance with the laws of any such state to the extent necessary to ensure the enforceability of each Mortgage Loan and the interim servicing of the Mortgage Loans in accordance with the terms of this Agreement. No licenses or approvals obtained by the Company have been suspended or revoked by any court, administrative agency, arbitrator or governmental body and no proceedings are pending which might result in such suspension or revocation; (b) The Company has the full power and authority and legal right to hold, transfer and convey each Mortgage Loan, to sell each Mortgage Loan and to execute, deliver and perform, and to enter into and consummate all transactions contemplated by this Agreement and the related Confirmation and to conduct its business as presently conducted; the Company has duly authorized the execution, delivery and performance of this Agreement and any agreements contemplated hereby, has duly executed and delivered this Agreement and the related Confirmation, and any agreements contemplated hereby, and this Agreement and the related Confirmation and each Assignment of Mortgage to the Purchaser and any agreements contemplated hereby, constitute the legal, valid and binding obligations of the Company, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar laws, and by equitable principles affecting the enforceability of the rights of creditors; and all requisite corporate action has been taken by the Company to make this Agreement, the related Confirmation and all agreements contemplated hereby valid and binding upon the Company in accordance with their terms; (c) Neither the execution and delivery of this Agreement, the related Confirmation, the sale of the Mortgage Loans to the Purchaser, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement and the related Confirmation will conflict with any of the terms, conditions or provisions of the Company's charter or by laws or materially conflict with or result in a material breach of any of the terms, conditions or provisions of any legal restriction or any agreement or instrument to which the Company is now a party or by which it is bound, or constitute a default or result in an acceleration under any of the foregoing, or result in the material violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject; (d) There is no litigation, suit, proceeding or investigation pending or threatened, or any order or decree outstanding, which is reasonably likely to have a material adverse effect on the sale of the Mortgage Loans, the execution, delivery, performance or enforceability of this Agreement or the related Confirmation, or which is reasonably likely to have a material adverse effect on the financial condition of the Company; (e) No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Company of or compliance by the Company with this Agreement and the related Confirmation, except for consents, approvals, authorizations and orders which have been obtained; (f) The consummation of the transactions contemplated by this Agreement and the related Confirmation are in the ordinary course of business of the Company, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Company pursuant to this Agreement and the related Confirmation are not subject to bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction; (g) The origination, servicing and collection practices with respect to each Mortgage Note and Mortgage have been legal and in accordance with applicable laws and regulations, and in all material respects in accordance with Accepted Servicing Practices. The Company further represents and warrants that: with respect to escrow deposits and payments that the Company is entitled to collect, all such payments are in the possession of, or under the control of, the Company or its delegate, and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made; all escrow payments have been collected and are being maintained in full compliance with applicable state and federal law and the provisions of the related Mortgage Note and Mortgage; as to any Mortgage Loan that is the subject of an escrow, escrow of funds is not prohibited by applicable law and has been established in an amount sufficient to pay for every escrowed item that remains unpaid and has been assessed but is not yet due and payable; no escrow deposits or other charges or payments due under the Mortgage Note have been capitalized under any Mortgage or the related Mortgage Note; all Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage Note; and any interest required to be paid pursuant to state and local law has been properly paid and credited; (h) The Mortgage Loans were not selected from the outstanding on- to four-family mortgage loans in the Company's portfolio at the related Closing Date meeting the requirements of the related Commitment and to which the representations and warranties set forth in this Agreement could be made in a manner so as to intentionally affect adversely the interests of the Purchaser; (i) The Company will treat the transfer of the Mortgage Loans to the Purchaser as a sale for reporting and accounting purposes and, to the extent appropriate, for federal income tax purposes. The Company shall maintain a complete set of books and records for each Mortgage Loan which shall be clearly marked to reflect the ownership of such Mortgage Loan by the Purchaser; (j) The Company is an approved seller/servicer of residential mortgage loans for HUD, with such facilities, procedures and personnel necessary for the sound servicing of such mortgage loans. The Company is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws and regulations and no event has occurred which would make the Company unable to comply with eligibility requirements or which would require notification to either HUD; (k) The Company does not believe, nor does it have any cause or reason to believe, that it cannot perform each and every covenant contained in this Agreement and the related Confirmation applicable to it. The Company is solvent and the sale of the Mortgage Loans will not cause the Company to become insolvent. The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of the Company's creditors; (l) No statement, tape, diskette, form, report or other document prepared by, or on behalf of, the Company pursuant to this Agreement, the related Confirmation or in connection with the transactions contemplated hereby, contains or will contain any statement that is or will be inaccurate or misleading in any material respect. The Company has prudently originated and underwritten each Mortgage Loan; (m) The consideration received by the Company upon the sale of the Mortgage Loans constitutes fair consideration and reasonably equivalent value for such Mortgage Loans; (n) The Company has delivered to the Purchaser financial statements as to its last two complete fiscal years. All such financial statements fairly present the pertinent results of operations and changes in financial position for each of such periods and the financial position at the end of each such period of the Company and its subsidiaries and have been prepared in accordance with GAAP consistently applied throughout the periods involved, except as set forth in the notes thereto. There has been no change in the business, operations, financial condition, properties or assets of the Company since the date of the Company's financial statements that would have a material adverse effect on its ability to perform its obligations under this Agreement or the related Confirmation; (o) The Company has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans; (p) The Company is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the MERS Mortgage Loans for as long as such Mortgage Loans are registered with MERS; and (q) As of the date of each Pass-Through Transfer, and except as has been otherwise disclosed to the Purchaser: (1) there are no aspects of the Company's financial condition that could have a material adverse impact on the performance by the Company of its obligations hereunder; (2) there are no legal proceedings pending, or known to be contemplated by governmental authorities, against the Company that could be material to investors in the securities issued in such Pass-Through Transfer; and (3) there are no affiliations, relationships or transactions relating to the Company of a type that are described under Item 1119 of Regulation AB. Section 3.02 Representations and Warranties as to Individual Mortgage Loans. The Company hereby represents and warrants to the Purchaser, as to each Mortgage Loan, as of the related Closing Date and as of the related Servicing Transfer Date as follows: (a) The information set forth in the related Mortgage Loan Schedule, including any diskette or other related data tapes sent to the Purchaser, is complete, true and correct in all material respects; (b) The Mortgage creates a (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule) or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien (as reflected on the Mortgage Loan Schedule), in either case, in the related Mortgaged Property securing the related Mortgage Note; (c) All payments due on or prior to the related Closing Date for such Mortgage Loan have been made as of the related Closing Date, the Mortgage Loan is not past due in payment by one calendar month or more and has not been dishonored; there are no material defaults under the terms of the Mortgage Loan; the Company has not advanced funds, or induced, solicited or knowingly received any advance of funds from a party other than the owner of the Mortgaged Property subject to the Mortgage, directly or indirectly, for the payment of any amount required by the Mortgage Loan; no payment with respect to each Mortgage Loan has been past due by one calendar month during the preceding twelve-month period; (d) All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or escrow funds have been established in an amount sufficient to pay for every such escrowed item which remains unpaid and which has been assessed but is not yet due and payable; (e) The terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any respect, except by written instruments which have been recorded to the extent any such recordation is required by law. No instrument of waiver, alteration or modification has been executed, and no Mortgagor has been released, in whole or in part, from the terms thereof except in connection with an assumption agreement and which assumption agreement is part of the Mortgage File and the terms of which are reflected in the related Mortgage Loan Schedule; the substance of any such waiver, alteration or modification has been approved by the issuer of any related title insurance policy, to the extent required by the related policy. (f) The Mortgage Note and the Mortgage are not subject to any right of rescission, set off, counterclaim or defense, including, without limitation, the defense of usury. The operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, shall not render the Mortgage Note or Mortgage unenforceable, in whole or in part (except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar laws), or render the Mortgage Note or Mortgage subject to any right of rescission, set off, counterclaim or defense, including the defense of usury, and no such right of rescission, set off, counterclaim or defense has been asserted with respect thereto; and the Mortgagor was not a debtor in any state or federal bankruptcy or insolvency proceeding at the time the Mortgage Loan was originated; (g) All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer generally acceptable to prudent lenders in the secondary mortgage market, against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is located, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans, and (ii) the greater of (a) either (1) the outstanding principal balance of the Mortgage Loan with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule) or (2) with respect to each Second Lien Mortgage Loan, the sum of the outstanding principal balance of the first lien on such Mortgage Loan and the outstanding principal balance of such Second Lien Mortgage Loan, and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the mortgagee from becoming a co-insurer, but in no event greater than the maximum amount permitted under applicable law. All such standard hazard policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the Company and its successors in interest and assigns as loss payee and such clause is still in effect and all premiums due thereon have been paid. If required by the Flood Disaster Protection Act of 1973, as amended, the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration which policy is generally acceptable to prudent lenders in the secondary mortgage market, in an amount not less than the amount required by the Flood Disaster Protection Act of 1973, as amended. Such policy was issued by an insurer generally acceptable to prudent lenders in the secondary mortgage market. The Mortgage obligates the Mortgagor thereunder to maintain all such insurance at the Mortgagor's cost and expense, and upon the Mortgagor's failure to do so, authorizes the holder of the Mortgage to maintain such insurance at the Mortgagor's cost and expense and to seek reimbursement therefor from the Mortgagor; (h) Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, fair housing, predatory and abusive lending, or disclosure laws applicable to the Mortgage Loan or any related Prepayment Penalty have been complied with in all material respects and the consummation of the transactions contemplated hereby will not involve the violation of any such laws; (i) The Mortgage has not been satisfied, canceled or subordinated (other than the subordination of any Second Lien Mortgage Loan to the related First Lien), in whole or in part, or rescinded, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part nor has any instrument been executed that would effect any such release, cancellation, subordination or rescission. The Company has not waived the performance by the Mortgagor of any action, if the Mortgagor's failure to perform such action would cause the Mortgage Loan to be in default, nor has the Company waived any default resulting from any action or inaction by the Mortgagor; (j) The related Mortgage is a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the Mortgaged Property including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems affixed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing securing the Mortgage Note's original principal balance. The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and either (A) which are referred to or otherwise considered in the appraisal made for the originator of the Mortgage Loan, or (B) which do not adversely affect the appraised value of the Mortgaged Property as set forth in such appraisal, (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property and (4) with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien on the Mortgaged Property. Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the property described therein, and the Company has the full right to sell and assign the same to the Purchaser; (k) The Mortgage Note and the related Mortgage are original and genuine and each is the legal, valid and binding obligation of the maker thereof, enforceable in all respects in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general application affecting the rights of creditors and by general equitable principles and the Company has taken all action necessary to transfer such rights of enforceability to the Purchaser. All parties to the Mortgage Note and the Mortgage had the legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage. The Mortgage Note and the Mortgage have been duly and properly executed by such parties. No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to a Mortgage Loan has taken place on the part of the Company or the Mortgagor, or, on the part of any other party involved in the origination of the Mortgage Loan. The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on site or off site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage; (l) Immediately prior to the transfer and assignment of the Mortgage Loan to the Purchaser on the related Closing Date, the Company is the sole owner of record and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note. Upon the sale of the Mortgage Loan to the Purchaser, the Company will retain the Servicing File in trust for the Purchaser only for the purpose of interim servicing and supervising the interim servicing of the Mortgage Loan. Immediately prior to the transfer and assignment to the Purchaser on the related Closing Date, the Mortgage Loan, including the Mortgage Note and the Mortgage, were not subject to an assignment or pledge (other than liens released in connection with, and prior to, the sale to the Purchaser), and the Company had good and marketable title to and was the sole owner thereof and had full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest and has the full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign the Mortgage Loan pursuant to this Agreement and as of the Closing Date, following the sale of the Mortgage Loan, the Purchaser will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest, except to the extent any such encumbrance, participation interest, lien, pledge, charge, claim or security interest is issued or created by the Purchaser as owner of the Mortgage Loan. The Company intends to relinquish all rights to possess, control and monitor the Mortgage Loan, except for the purposes of servicing the Mortgage Loan as set forth in this Agreement. The Mortgagor is a natural person; (m) Each Mortgage Loan is covered by an ALTA lender's title insurance policy issued by a title insurer generally acceptable to prudent lenders in the secondary mortgage market and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring (subject to the exceptions contained in (j)(1), (2) and (3) above and, with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (4)) the Company, its successors and assigns, as to the first (or, where applicable, second) priority lien of the Mortgage in the original principal amount of the Mortgage Loan and, with respect to each Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment in the Mortgage Interest Rate and Monthly Payment. Additionally, such policy affirmatively insures ingress and egress to and from the Mortgaged Property. Where required by applicable state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. The Company, its successors and assigns, are the sole insureds of such lender's title insurance policy, such title insurance policy has been duly and validly endorsed to the Purchaser or the assignment to the Purchaser of the Company's interest therein does not require the consent of or notification to the insurer and such lender's title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement and the related Confirmation. No claims have been made under such lender's title insurance policy, and no prior holder of the related Mortgage, including the Company, has done, by act or omission, anything which would impair the coverage of such lender's title insurance policy; (n) There is no default, breach, violation or event of acceleration existing under the Mortgage or the related Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event permitting acceleration; and neither the Company nor any prior mortgagee has waived any default, breach, violation or event permitting acceleration. With respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) (i) the First Lien is in full force and effect, (ii) there is no default, breach, violation or event of acceleration existing under such First Lien mortgage or the related mortgage note, (iii) other than with respect to a delinquent Monthly Payment of which the Due Date was the related Cut-off Date, to the best of Company's knowledge, no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration thereunder, and either (A) the First Lien mortgage contains a provision which allows or (B) applicable law requires, the mortgagee under the Second Lien Mortgage Loan to receive notice of, and affords such mortgagee an opportunity to cure any default by payment in full or otherwise under the First Lien mortgage; (o) Other than liens covered by the related title insurance policy, there are no mechanics' or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to or equal to the lien of the related Mortgage; (p) All improvements subject to the Mortgage which were considered in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property (and wholly within the project with respect to a condominium unit). No improvements on adjoining properties encroach upon the Mortgaged Property except those which are insured against by the title insurance policy referred to in clause (m) above and all improvements on the property comply with all applicable zoning and subdivision laws and ordinances; (q) The Mortgage Loan was originated by or for the Company. The Mortgage Loan complies with all the terms, conditions and requirements of the Company's Underwriting Standards in effect at the time of origination of such Mortgage Loan. The Mortgage Notes and Mortgages (exclusive of any riders) are on forms generally acceptable to Xxxxxx Xxx or Xxxxxxx Mac. The Mortgage Loan bears interest at the Mortgage Interest Rate set forth in the related Mortgage Loan Schedule, and Monthly Payments under the Mortgage Note are due and payable on the first day of each month. The Mortgage contains the usual and enforceable provisions of the originator at the time of origination for the acceleration of the payment of the unpaid principal amount of the Mortgage Loan if the related Mortgaged Property is sold without the prior consent of the mortgagee thereunder; (r) The Mortgaged Property is not subject to any material damage by waste, fire, earthquake, windstorm, flood or other casualty. At origination of the Mortgage Loan there was, and there currently is, no proceeding pending for the total or partial condemnation of the Mortgaged Property. There have not been any condemnation proceedings with respect to the Mortgaged Property and, to the best of Company's knowledge, there are no such proceedings scheduled to commence at a future date; (s) The related Mortgage contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security provided thereby. There is no homestead or other exemption available to the Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose the Mortgage; (t) If the Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified if required under applicable law to act as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale or attempted sale after default by the Mortgagor; (u) The Mortgage File contains an appraisal of the related Mortgaged Property which, (a) with respect to First Lien Mortgage Loans, is on appraisal form 1004 or form 2055 with an interior inspection, or (b) with respect to Second Lien Mortgage Loans, is on appraisal form 704, 2065 or 2055, and (c) with respect to (a) or (b) above was signed prior to the final approval of the mortgage loan application by a Qualified Appraiser, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and appraiser both satisfy the requirements Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated; (v) All parties which have had any interest in the Mortgage, whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (A) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (B) (1) organized under the laws of such state, or (2) qualified to do business in such state, or (3) federal savings and loan associations or national banks or a Federal Home Loan Bank or savings bank having principal offices in such state, or (4) not doing business in such state; (w) The related Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in (j) above and such collateral does not serve as security for any other obligation; (x) The Mortgagor has received all disclosure materials required by applicable law with respect to the making of such mortgage loans; (y) The Mortgage Loan does not contain "graduated payment" features and does not have a shared appreciation or other contingent interest feature; no Mortgage Loan contains any buydown provisions; (z) The Mortgagor is not in bankruptcy. Taking into account the credit standing of the related Mortgagors pursuant to the Underwriting Guidelines, the Company has no knowledge of any circumstances or condition with respect to the Mortgage, the Mortgaged Property or the Mortgagor that can reasonably be expected to cause the Mortgage Loan to become delinquent or adversely affect the value of the Mortgage Loan as compared to other mortgage loans in the company's portfolio meeting the requirements of this Agreement or the related Confirmation; (aa) Other than with respect to Mortgage Loans identified on the related Mortgage Loan Schedule as interest-only Mortgage Loans, (i) principal payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were disbursed in connection with the Mortgage Loan and (ii) each Mortgage Note requires a monthly payment which is sufficient to fully amortize the original principal balance over the original term thereof and to pay interest at the related Mortgage Interest Rate. With respect to each Mortgage Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage Loan, (i) payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were distributed in connection with the Mortgage Loan, (ii) the interest-only period shall not exceed the interest-only period set forth on the related Mortgage Loan Schedule and (iii) following the expiration of such interest-only period, the remaining Monthly Payments shall be sufficient to fully amortize the original principal balance over the remaining term of the Mortgage Loan. Each Mortgage Loan has an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. No Mortgage Loan contains terms or provisions which would result in negative amortization; (bb) No Mortgage Loan is subject to a lender-paid mortgage insurance policy; (cc) As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located; (dd) The Mortgaged Property is located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a townhouse, or a two-to four-family dwelling, or an individual condominium unit in a condominium project, or an individual unit in a planned unit development or a de minimis planned unit development, provided, however, that no residence or dwelling is a single parcel of real property with a cooperative housing corporation erected thereon, or a mobile home. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date or origination no portion of the Mortgaged Property has been used for commercial purposes; (ee) Except as set forth on the related Mortgage Loan Schedule, none of the Mortgage Loans are subject to a Prepayment Penalty. For any Mortgage Loan originated prior to October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond five years after the date of origination. For any Mortgage Loan originated on or following October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond three years after the date of origination. Any such prepayment penalty is permissible and enforceable in accordance with its terms upon the Mortgagor's full and voluntary principal prepayment under applicable law. With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the loan's origination, the Mortgagor agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) the originator had available programs that offered the option of obtaining a mortgage loan that did not require payment of such a premium and prior to the loan's origination, the Mortgage Loan was made available with and without the prepayment premium, (iii) the prepayment premium is disclosed to the Mortgagor in the loan documents pursuant to applicable state and federal law, and (iv) notwithstanding any state or federal law to the contrary, the Company shall not impose such prepayment premium in any instance when the mortgage debt is accelerated as the result of the Mortgagor's default in making the loan payments; (ff) The Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities; (gg) If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), such condominium or planned unit development project is generally acceptable to prudent lenders in the secondary mortgage market and meets the eligibility requirements of the Company's Underwriting Guidelines; (hh) There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property; and, to the best of Company's knowledge, nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of said property; (ii) The Mortgagor has not notified the Company requesting relief under the Servicemembers' Civil Relief Act, and the Company has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers' Civil Relief Act; (jj) As of the related Closing Date, no Mortgage Loan was in construction or rehabilitation status or has facilitated the trade-in or exchange of a Mortgaged Property; (kk) No action has been taken or failed to be taken on or prior to the related Closing Date which has resulted or will result in an exclusion from, denial of, or defense to coverage under any insurance policy related to a Mortgage Loan (including, without limitation, any exclusions, denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud, or for any other reason under such coverage; (ll) The Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or similar institution which is supervised and examined by a federal or state authority; (mm) If the Mortgage Loan is secured by a long-term residential lease, (1) the lessor under the lease holds a fee simple interest in the land; (2) the terms of such lease expressly permit the mortgaging of the leasehold estate, the assignment of the lease without the lessor's consent and the acquisition by the holder of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protections; (3) the terms of such lease do not (a) allow the termination thereof upon the lessee's default without the holder of the Mortgage being entitled to receive written notice of, and opportunity to cure, such default, (b) allow the termination of the lease in the event of damage or destruction as long as the Mortgage is in existence, (c) prohibit the holder of the Mortgage from being insured (or receiving proceeds of insurance) under the hazard insurance policy or policies relating to the Mortgaged Property or (d) permit any increase in rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage Note; and (6) the Mortgaged Property is located in a jurisdiction in which the use of leasehold estates in transferring ownership in residential properties is a widely accepted practice; (nn) With respect to any broker fees collected and paid on any of the Mortgage Loans, all broker fees have been properly assessed and the Mortgagor is not entitled to any reimbursement therefore; (oo) With respect to any Mortgage Loan as to which an affidavit has been delivered to the Purchaser certifying that the original Mortgage Note has been lost or destroyed and not been replaced, if such Mortgage Loan is subsequently in default, the enforcement of such Mortgage Loan will not be materially adversely affected by the absence of the original Mortgage Note; (pp) As of the related Closing Date, each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1); (qq) Except as provided in Section 2.06, the Mortgage Note, the Mortgage, the Assignment of Mortgage and the other Mortgage Loan Documents set forth in Exhibit A-1 and required to be delivered on the related Closing Date have been delivered to the Purchaser or its designee all in compliance with the specific requirements of this Agreement. With respect to each Mortgage Loan, the Company is in possession of a complete Mortgage File and Servicing File except for such documents as have been delivered to the Purchaser or its designee; (rr) There does not exist on the related Mortgaged Property any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation; (ss) No Mortgage Loan had a Loan-to-Value Ratio or Combined Loan-to-Value Ratio at the time of origination in excess of the applicable percentages set forth in the related Confirmation or on the exhibits attached thereto and in no event was the Loan-to-Value Ratio or Combined Loan-to-Value Ratio more than 100%; (tt) No Mortgage Loan is (a) subject to, covered by or in violation of the Home Ownership and Equity Protection Act of 1994 ("HOEPA"), (b) classified as a "high cost," "covered," "high risk home", "high-rate, high-fee," "threshold," or "predatory" loan under HOEPA or any other applicable state, federal or local law, including any predatory or abusive lending laws (or a similarly classified loan using different terminology under a law imposing heightened scrutiny or additional legal liability for a residential mortgage loan having high interest rates, points and/or fees), (c) a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the Standard & Poor's LEVELS(R) Glossary Revised, Appendix E) or (d) in violation of any state law or ordinance comparable to HOEPA; (uu) No Mortgagor was required to purchase any credit insurance policy (e.g. life, mortgage, disability, accident, unemployment or health insurance product) or debt cancellation agreement as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit insurance policy (e.g., life, mortgage, disability, accident, unemployement, or health insurance product) in connection with the origination of the Mortgage Loan; None of the proceeds of the Mortgage Loan were used to purchase or finance single-premium credit insurance policies or debt cancellation agreements; (vv) Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having (A) first lien priority with respect to each Mortgage Loan which is indicated by the Company to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien priority with respect to each Mortgage Loan which is indicated by the Company to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Data Transmission), in either case, by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence generally acceptable to prudent lenders in the secondary mortgage market. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan; (ww) Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months; (xx) No Mortgage Loan is a Balloon Mortgage Loan; (yy) With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the related Mortgage Loan Schedule. The related assignment of Mortgage to MERS has been duly and properly recorded; (zz) With respect to each MERS Mortgage Loan, the Company has not received any notice of liens or legal actions with respect to such Mortgage Loan and no such notices have been electronically posted by MERS; (aaa) Any Mortgaged Property that is considered manufactured housing is legally classified as real property, is permanently affixed to a foundation, assumes the characteristics of site-built housing and is otherwise generally acceptable to prudent lenders in the secondary mortgage market; (bbb) With respect to each Mortgage Loan, the Company has fully and accurately furnished complete information on the related borrower credit files to Equifax, Experian and Trans Union Credit Information Company, in accordance with the Fair Credit Reporting Act and its implementing regulations, on a monthly basis and the Company will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company, on a monthly basis. (ccc) The Company has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the "Anti-Money Laundering Laws"); the Company has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. No Mortgage Loan is subject to nullification pursuant to Executive Order 13224 (the "Executive Order") or the regulations promulgated by the Office of Foreign Assets Control of the United States Department of the Treasury (the "OFAC Regulations") or in violation of the Executive Order or the OFAC Regulations, and no Mortgagor is subject to the provisions of such Executive Order or the OFAC Regulations nor listed as a "blocked person" for purposes of the OFAC Regulations; (ddd) With respect to each Mortgage Loan which is a Second Lien Mortgage Loan (i) if the related first lien provides for negative amortization, the LTV was calculated at the maximum principal balance of such first lien that could result upon application of such negative amortization feature, and (ii) either no consent for the Mortgage Loan is required by the holder of the first lien or such consent has been obtained and is contained in the Mortgage File; (eee) No predatory or deceptive lending practices, including but not limited to, the extension of credit to the applicable Mortgagor without regard for said Mortgagor's ability to repay the Mortgage Loan and the extension of credit to said Mortgagor which has no apparent benefit to said Mortgagor, were employed by the originator of the Mortgage Loan in connection with the origination of the Mortgage Loan. (fff) No Mortgage Loan is a "High Cost Home Loan" as defined in the Georgia Fair Lending Act, as amended (the "Georgia Act") or New York Banking Law 6-1. No Mortgage Loan secured by owner occupied real property or an owner occupied manufactured home located in the State of Georgia was originated (or modified) on or after October 1, 2002 through and including March 6, 2003; (ggg) No Mortgage Loan (a) is secured by property located in the State of New York; (b) had an unpaid principal balance at origination of $300,000 or less, and (c) has an application date on or after April 1, 2003, the terms of which Mortgage Loan equal or exceed either the APR or the points and fees threshold for "high-cost home loans," as defined in Section 6-L of the New York State Banking Law; (hhh) All fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation; (iii) The Company will transmit full-file credit reporting data for each Mortgage Loan and for each Mortgage Loan Company agrees it shall report one of the following statuses each month as follows: new origination, current, delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off; (jjj) As of the related Closing Date, each Loan is eligible for sale in the secondary mortgage market or for securitization without unreasonable credit enhancement. (kkk) No Mortgage Loan is a "High Cost Home Loan" as defined in the Arkansas Home Loan Protection Act effective July 16, 2003 (Act 1340 or 2003); (lll) No Mortgage Loan is a "High Cost Home Loan" as defined in the Kentucky high-cost loan statute effective June 24, 2003 (Ky. Rev. Stat. Section 360.100). (mmm) No Mortgage Loan secured by property located in the State of Nevada is a "home loan" as defined in the Nevada Assembly Xxxx No. 284; (nnn) No Mortgage Loan originated in the City of Oakland is subject to the City of Oakland, California Ordinance 12361, (the "Ordinance") as a home loan; (ooo) No Mortgage Loan is a subsection 10 mortgage under the Oklahoma Home Ownership and Equity Protection Act; (ppp) No Mortgage Loan is a "High-Risk Home Loan" as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.); (qqq) No Mortgage Loan is a "High-Cost Home Loan" as defined in the New Mexico Home Loan Protection Act effective January 1, 2004 (N.M. Stat. Xxx. xx.xx. 58-21A-1 et seq.); (rrr) No Mortgage Loan is a "High-Cost Home Loan" under the New Jersey Home Ownership Security Act of 2002 (the "NJ Act"); and each Mortgage Loan subject to the NJ Act is considered under the NJ Act as, either, a (1) purchase money Home Loan, (2) purchase money Covered Loan, or (3) a rate/term refinance Home Loan; (sss) No Mortgage Loan originated in the city of Los Angeles, California on or after the effective date of the Los Angeles, California anti-predatory lending ordinance is a "high-cost refinance home loan" under such ordinance; (ttt) No Mortgage Loan that is secured by property located within the State of Maine meets the definition of a (i) "high-rate, high-fee" mortgage loan under Article VIII, Title 9-A of the Maine Consumer Credit Code No Mortgage Loan or (ii) "High-Cost Home Loan" as defined under the Maine House Xxxx 383 X.X. 494, effective as of September 13, 2003; (uuu) No Mortgagor agreed to submit to arbitration to resolve any dispute arising out of or relating in any way to the Mortgage Loan transaction; Each borrower was assigned the highest credit grade available with respect to a Mortgage Loan product offered by the originator of such Mortgage Loan, taking into account the credit history, debt-to-income ratio and loan requirements for such borrower; (vvv) The methodology used in underwriting the extension of credit for each Mortgage Loan employs, in part, objective mathematical principles which relate the borrower's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the borrower's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the borrower had a reasonable ability to make timely payments on the Mortgage Loan; (www) With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the loan's origination, the borrower agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) the originator had available programs that offered the option of obtaining a mortgage loan that did not require payment of such a premium and prior to the loan's origination, the Mortgage Loan was made available with and without the prepayment premium, (iii) the prepayment premium was disclosed to the borrower in the loan documents pursuant to applicable state and federal law, and (iv) notwithstanding any state or federal law to the contrary, the Seller shall not impose such prepayment premium in any instance when the mortgage debt is accelerated as the result of the borrower's default in making the loan payments; (xxx) All points and fees related to each Mortgage Loan were disclosed in writing to the borrower in accordance with applicable state and federal law and regulation; (yyy) The Seller will transmit full-file credit reporting data for each Mortgage Loan and that for each Mortgage Loan, Seller agrees it shall report one of the following statuses each month as follows: new origination, current, delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off; (zzz) No Mortgage Loan secured by a Mortgaged Property located in the Commonwealth of Massachusetts was made to pay off or refinance an existing loan or other debt of the related borrower (as the term "borrower" is defined in the regulations promulgated by the Massachusetts Secretary of State in connection with the Massachusetts General Laws Chapter 183, Section 28C) unless either (i) (a) the related Mortgage Interest Rate (that would be effective once the introductory rate expires, with respect to Adjustable Rate Mortgage Loans) did or would not exceed by more than 2.50% the yield on United States Treasury securities having comparable periods of maturity to the maturity of the related Mortgage Loan as of the fifteenth day of the month immediately preceding the month in which the application for the extension of credit was received by the related lender or (b) the Mortgage Loan is an "open-end home loan" (as such term is used in the Massachusetts General Laws Chapter 183, Section 28C or the regulations promulgated in connection therewith) and the related Mortgage Note provides that the related Mortgage Interest Rate may not exceed at any time the Prime rate index as published in the Wall Street Journal plus a margin of one percent or (ii) such mortgage Loan complies with the laws of the Commonwealth of Massachusetts; and (aaaa) Each prepayment penalty set forth in the Mortgage Loan Schedule provided by the Seller is true and correct.. EXHIBIT E REQUEST FOR RELEASE OF DOCUMENTS To: U.S. Bank National Association 00 Xxxxxxxxxx Xxxxxx XX-XX-XX0X Xx. Xxxx, XX 00000 Attn: Structured Finance / MASTR 2006-HE1 Xxxxx Fargo Bank, N.A. Attn: Inventory Control 0000 00xx Xxxxxx XX Xxxxxxxxxxx, XX 00000 Re: Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2006-HE1 In connection with the administration of the Mortgage Loans held by you as Custodian pursuant to the above-captioned Pooling and Servicing Agreement, we request the release, and hereby acknowledge receipt of the [Custodian's] [Trustee's] Mortgage File or the Mortgage Loan described below, for the reason indicated. In addition, all amounts have been received in connection with such payment, repurchase or liquidation and have been credited to the related Collection Account. Mortgage Loan Number: Mortgagor Name. Address & Zip Code: Reason for Requesting Documents (check one): 1. Mortgage Paid in Full ____ 2. Foreclosure ____ 3. Substitution ____ 4. Other Liquidation (Repurchases, etc.) ____ 5. Nonliquidation Reason: ______________________________________ Address to which Custodian should deliver the [Custodian's] [Trustee's] Mortgage File: By: --------------------------------------- (authorized signer) Issuer: ---------------------------------- Address: ---------------------------------- Date: ---------------------------------- [Custodian] [Trustee] [Xxxxx Fargo Bank, N.A.] [U.S. Bank National Association] Please acknowledge the execution of the above request by your signature and date below: --------------------------- ----------- Signature Date Documents returned to [Custodian][Trustee]: --------------------------- ----------- [Custodian][Trustee] Date EXHIBIT F-1 FORM OF TRANSFEROR REPRESENTATION LETTER [Date] Xxxxx Fargo Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attn: Transfer Unit / MASTR 2006-HE1 Re: MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Class ___, representing a ___% Class ___ Percentage Interest Ladies and Gentlemen: In connection with the transfer by ________________ (the "Transferor") to ________________ (the "Transferee") of the captioned Mortgage Pass-Through certificates (the "Certificates"), the Transferor hereby certifies as follows: Neither the Transferor nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) has solicited any offer to buy or to accept a pledge, disposition or other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) has otherwise approached or negotiated with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) has made any general solicitation by means of general advertising or in any other manner, (e) has taken any other action, that (in the case of each of subclauses (a) through (e) above) would constitute a distribution of the Certificates under the Securities Act of 1933, as amended (the "1933 Act"), or would render the disposition of any Certificate a violation of Section 5 of the 1933 Act or any state securities law or would require registration or qualification pursuant thereto. The Transferor will not act, nor has it authorized or will it authorize any person to act, in any manner set forth in the foregoing sentence with respect to any Certificate. The Transferor will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of that certain Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association (the "Pooling and Servicing Agreement"), pursuant to which Pooling and Servicing Agreement the Certificates were issued. Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement. Very truly yours, [Transferor] By: ----------------------------------- Name: Title: FORM OF TRANSFEREE REPRESENTATION LETTER [Date] Xxxxx Fargo Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attn: Transfer Unit / MASTR 2006-HE1 Re: MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Series 2006-HE1, Class ___, representing a ___% Class ___ Percentage Interest Ladies and Gentlemen: In connection with the purchase from ______________________ (the "Transferor") on the date hereof of the captioned trust certificates (the "Certificates"), _______________ (the "Transferee") hereby certifies as follows: 1. The Transferee is a "qualified institutional buyer" as that term is defined in Rule 144A ("Rule 144A") under the Securities Act of 1933 (the "1933 Act") and has completed either of the forms of certification to that effect attached hereto as Annex 1 or Annex 2. The Transferee is aware that the sale to it is being made in reliance on Rule 144A. The Transferee is acquiring the Certificates for its own account or for the account of a qualified institutional buyer, and understands that such Certificate may be resold, pledged or transferred only (i) to a person reasonably believed to be a qualified institutional buyer that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, or (ii) pursuant to another exemption from registration under the 1933 Act. 2. The Transferee has been furnished with all information regarding (a) the Certificates and distributions thereon, (b) the nature, performance and servicing of the Mortgage Loans, (c) the Pooling and Servicing Agreement referred to below, and (d) any credit enhancement mechanism associated with the Certificates, that it has requested. All capitalized terms used but not otherwise defined herein have the respective meanings assigned thereto in the Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association, pursuant to which the Certificates were issued. [TRANSFEREE] By: ----------------------------------- Name: Title: ANNEX 1 TO EXHIBIT F-1 QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A [FOR TRANSFEREES OTHER THAN REGISTERED INVESTMENT COMPANIES] The undersigned hereby certifies as follows to [name of Transferor] (the "Transferor") and Xxxxx Fargo Bank, N.A., as Trust Administrator, with respect to the Mortgage Pass-Through certificates (the "Certificates") described in the Transferee Certificate to which this certification relates and to which this certification is an Annex: 1. As indicated below, the undersigned is the President, Chief Financial Officer, Senior Vice President or other executive officer of the entity purchasing the Certificates (the "Transferee"). 2. In connection with purchases by the Transferee, the Transferee is a "qualified institutional buyer" as that term is defined in Rule 144A under the Securities Act of 1933 ("Rule 144A") because (i) the Transferee owned and/or invested on a discretionary basis $______________________(1) in securities (except for the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year (such amount being calculated in accordance with Rule 144A) and (ii) the Transferee satisfies the criteria in the category marked below. ___ CORPORATION, ETC. The Transferee is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or any organization described in Section 501(c)(3) of the Internal Revenue Code of 1986. ___ BANK. The Transferee (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto. ____________________________ (1) Transferee must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Transferee is a dealer, and, in that case, Transferee must own and/or invest on a discretionary basis at least $10,000,000 in securities. $25,000,000 as demonstrated in its latest annual financial statements, A COPY OF WHICH IS ATTACHED HERETO. ___ SAVINGS AND LOAN. The Transferee (a) is a savings and loan association, building and loan association, cooperative bank, homestead association or similar institution, which is supervised and examined by a State or Federal authority having supervision over any such institutions or is a foreign savings and loan association or equivalent institution and (b) has an audited net worth of at least ___ BROKER-DEALER. The Transferee is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934. ___ INSURANCE COMPANY. The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State, territory or the District of Columbia. ___ STATE OR LOCAL PLAN. The Transferee is a plan established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees. ___ ERISA PLAN. The Transferee is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974. ___ INVESTMENT ADVISOR. The Transferee is an investment advisor registered under the Investment Advisers Act of 1940. 3. The term "SECURITIES" as used herein DOES NOT INCLUDE (i) securities of issuers that are affiliated with the Transferee, (ii) securities that are part of an unsold allotment to or subscription by the Transferee, if the Transferee is a dealer, (iii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iv) bank deposit notes and certificates of deposit, (v) loan participations, (vi) repurchase agreements, (vii) securities owned but subject to a repurchase agreement and (viii) currency, interest rate and commodity swaps. 4. For purposes of determining the aggregate amount of securities owned and/or invested on a discretionary basis by the Transferee, the Transferee used the cost of such securities to the Transferee and did not include any of the securities referred to in the preceding paragraph. Further, in determining such aggregate amount, the Transferee may have included securities owned by subsidiaries of the Transferee, but only if such subsidiaries are consolidated with the Transferee in its financial statements prepared in accordance with generally accepted accounting principles and if the investments of such subsidiaries are managed under the Transferee's direction. However, such securities were not included if the Transferee is a majority-owned, consolidated subsidiary of another enterprise and the Transferee is not itself a reporting company under the Securities Exchange Act of 1934. 5. The Transferee acknowledges that it is familiar with Rule 144A and understands that the Transferor and other parties related to the Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Transferee may be in reliance on Rule 144A. ___ ___ Will the Transferee be purchasing the Certificates Yes No only for the Transferee's own account? 6. If the answer to the foregoing question is "no", the Transferee agrees that, in connection with any purchase of securities sold to the Transferee for the account of a third party (including any separate account) in reliance on Rule 144A, the Transferee will only purchase for the account of a third party that at the time is a "qualified institutional buyer" within the meaning of Rule 144A. In addition, the Transferee agrees that the Transferee will not purchase securities for a third party unless the Transferee has obtained a current representation letter from such third party or taken other appropriate steps contemplated by Rule 144A to conclude that such third party independently meets the definition of "qualified institutional buyer" set forth in Rule 144A. 7. The Transferee will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice is given, the Transferee's purchase of the Certificates will constitute a reaffirmation of this certification as of the date of such purchase. In addition, if the Transferee is a bank or savings and loan as provided above, the Transferee agrees that it will furnish to such parties updated annual financial statements promptly after they become available. Dated: ___________ ----------------------------------------- Print Name of Transferee By: ----------------------------------- Name: Title: ANNEX 2 TO EXHIBIT F-1 QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A [FOR TRANSFEREES THAT ARE REGISTERED INVESTMENT COMPANIES] The undersigned hereby certifies as follows to [name of Transferor] (the "Transferor") and Xxxxx Fargo Bank, N.A., as Trust Administrator, with respect to the Mortgage Pass-Through certificates (the "Certificates") described in the Transferee Certificate to which this certification relates and to which this certification is an Annex: 1. As indicated below, the undersigned is the President, Chief Financial Officer or Senior Vice President of the entity purchasing the Certificates (the "Transferee") or, if the Transferee is a "qualified institutional buyer" as that term is defined in Rule 144A under the Securities Act of 1933 ("Rule 144A") because the Transferee is part of a Family of Investment Companies (as defined below), is such an officer of the investment adviser (the "Adviser"). 2. In connection with purchases by the Transferee, the Transferee is a "qualified institutional buyer" as defined in Rule 144A because (i) the Transferee is an investment company registered under the Investment Company Act of 1940, and (ii) as marked below, the Transferee alone, or the Transferee's Family of Investment Companies, owned at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year. For purposes of determining the amount of securities owned by the Transferee or the Transferee's Family of Investment Companies, the cost of such securities was used. ____ The Transferee owned $___________________ in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year (such amount being calculated in accordance with Rule 144A). ____ The Transferee is part of a Family of Investment Companies which owned in the aggregate $______________ in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year (such amount being calculated in accordance with Rule 144A). 3. The term "FAMILY OF INVESTMENT COMPANIES" as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other). 4. The term "SECURITIES" as used herein does not include (i) securities of issuers that are affiliated with the Transferee or are part of the Transferee's Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps. 5. The Transferee is familiar with Rule 144A and understands that the parties to which this certification is being made are relying and will continue to rely on the statements made herein because one or more sales to the Transferee will be in reliance on Rule 144A. In addition, the Transferee will only purchase for the Transferee's own account. 6. The undersigned will notify the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice, the Transferee's purchase of the Certificates will constitute a reaffirmation of this certification by the undersigned as of the date of such purchase. Dated: __________ --------------------------------------------- Print Name of Transferee or Advisor By: -------------------------------------- Name Title IF AN ADVISER: --------------------------------------------- Print Name of Buyer FORM OF TRANSFEREE REPRESENTATION LETTER The undersigned hereby certifies on behalf of the purchaser named below (the "Purchaser") as follows: 1. I am an executive officer of the Purchaser. 2. The Purchaser is a "qualified institutional buyer", as defined in Rule 144A, ("Rule 144A") under the Securities Act of 1933, as amended. 3. As of the date specified below (which is not earlier than the last day of the Purchaser's most recent fiscal year), the amount of "securities", computed for purposes of Rule 144A, owned and invested on a discretionary basis by the Purchaser was in excess of $100,000,000. Name of Purchaser -------------------------- By: ---------------------------------- Name: Title: Date of this certificate: ______________ Date of information provided in paragraph 3: ______________ EXHIBIT F-2 FORM OF TRANSFER AFFIDAVIT AND AGREEMENT STATE OF NEW YORK ) ) ss.: COUNTY OF NEW YORK ) 1. The undersigned is an officer of the proposed Transferee of an Ownership Interest in a Class [R] [R-X] Certificate (the "Certificate") issued pursuant to the Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association (the "Agreement"). Capitalized terms used, but not defined herein or in Exhibit 1 hereto, shall have the meanings ascribed to such terms in the Agreement. The Transferee has authorized the undersigned to make this affidavit on behalf of the Transferee for the benefit of the Depositor and the Trustee. 2. The Transferee is, as of the date hereof, and will be, as of the date of the Transfer, a Permitted Transferee. The Transferee is acquiring its Ownership Interest in the Certificate for its own account. The Transferee has no knowledge that any such affidavit is false. 3. The Transferee has been advised of, and understands that (i) a tax will be imposed on Transfers of the Certificate to Persons that are not Permitted Transferees; (ii) such tax will be imposed on the transferor, or, if such Transfer is through an agent (which includes a broker, nominee or middleman) for a Person that is not a Permitted Transferee, on the agent; and (iii) the Person otherwise liable for the tax shall be relieved of liability for the tax if the subsequent Transferee furnished to such Person an affidavit that such subsequent Transferee is a Permitted Transferee and, at the time of Transfer, such Person does not have actual knowledge that the affidavit is false. 4. The Transferee has been advised of, and understands that a tax will be imposed on a "pass-through entity" holding the Certificate if at any time during the taxable year of the pass-through entity a Person that is not a Permitted Transferee is the record holder of an interest in such entity. The Transferee understands that such tax will not be imposed for any period with respect to which the record holder furnishes to the pass-through entity an affidavit that such record holder is a Permitted Transferee and the pass-through entity does not have actual knowledge that such affidavit is false. (For this purpose, a "pass-through entity" includes a regulated investment company, a real estate investment trust or common trust fund, a partnership, trust or estate, and certain cooperatives and, except as may be provided in Treasury Regulations, persons holding interests in pass-through entities as a nominee for another Person.) 5. The Transferee has reviewed the provisions of Section 5.02(d) of the Agreement and understands the legal consequences of the acquisition of an Ownership Interest in the Certificate including, without limitation, the restrictions on subsequent Transfers and the provisions regarding voiding the Transfer and mandatory sales. The Transferee expressly agrees to be bound by and to abide by the provisions of Section 5.02(d) of the Agreement and the restrictions noted on the face of the Certificate. The Transferee understands and agrees that any breach of any of the representations included herein shall render the Transfer to the Transferee contemplated hereby null and void. 6. The Transferee agrees to require a Transfer Affidavit from any Person to whom the Transferee attempts to Transfer its Ownership Interest in the Certificate, and in connection with any Transfer by a Person for whom the Transferee is acting as nominee, trustee or agent, and the Transferee will not Transfer its Ownership Interest or cause any Ownership Interest to be Transferred to any Person that the Transferee knows is not a Permitted Transferee. In connection with any such Transfer by the Transferee, the Transferee agrees to deliver to the Trustee a certificate substantially in the form set forth as Exhibit L to the Agreement (a "Transferor Certificate") to the effect that such Transferee has no actual knowledge that the Person to which the Transfer is to be made is not a Permitted Transferee. 7. The Transferee has historically paid its debts as they have come due, intends to pay its debts as they come due in the future, and understands that the taxes payable with respect to the Certificate may exceed the cash flow with respect thereto in some or all periods and intends to pay such taxes as they become due. The Transferee does not have the intention to impede the assessment or collection of any tax legally required to be paid with respect to the Certificate. 8. The Transferee's taxpayer identification number is [_____________]. 9. The Transferee is a U.S. Person as defined in Code Section 7701(a)(30). 10. The Transferee is aware that the Certificate may be a "noneconomic residual interest" within the meaning of proposed Treasury regulations promulgated pursuant to the Code and that the transferor of a noneconomic residual interest will remain liable for any taxes due with respect to the income on such residual interest, unless no significant purpose of the transfer was to impede the assessment or collection of tax. 11. The Transferee will not cause income from the Certificate to be attributable to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of the Transferee or any other U.S. person. 12. Check one of the following: The present value of the anticipated tax liabilities associated with holding the Certificate, as applicable, does not exceed the sum of: (i) the present value of any consideration given to the Transferee to acquire such Certificate; (ii) the present value of the expected future distributions on such Certificate; and (iii) the present value of the anticipated tax savings associated with holding such Certificate as the related REMIC generates losses. For purposes of this calculation, (i) the Transferee is assumed to pay tax at the highest rate currently specified in Section 11(b) of the Code (but the tax rate in Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate specified in Section 11(b) of the Code if the Transferee has been subject to the alternative minimum tax under Section 55 of the Code in the preceding two years and will compute its taxable income in the current taxable year using the alternative minimum tax rate) and (ii) present values are computed using a discount rate equal to the short-term Federal rate prescribed by Section 1274(d) of the Code for the month of the transfer and the compounding period used by the Transferee. The transfer of the Certificate complies with U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly, (i) the Transferee is an "eligible corporation," as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), as to which income from the Certificate will only be taxed in the United States; (ii) at the time of the transfer, and at the close of the Transferee's two fiscal years preceding the year of the transfer, the Transferee had gross assets for financial reporting purposes (excluding any obligation of a person related to the Transferee within the meaning of U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets in excess of $10 million; (iii) the Transferee will transfer the Certificate only to another "eligible corporation," as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), in a transaction that satisfies the requirements of Sections 1.860E-1(c)(4)(i), (ii) and (iii) and Section 1.860E-1(c)(5) of the U.S. Treasury Regulations; and (iv) the Transferee determined the consideration paid to it to acquire the Certificate based on reasonable market assumptions (including, but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions, tax rates and other factors specific to the Transferee) that it has determined in good faith. None of the above. 13. The Transferee is not an employee benefit plan that is subject to Title I of ERISA or a plan that is subject to Section 4975 of the Code or a plan subject to any Federal, state or local law that is substantially similar to Title I of ERISA or Section 4975 of the Code, and the Transferee is not acting on behalf of or investing plan assets of such a plan. IN WITNESS WHEREOF, the Owner has caused this instrument to be executed on its behalf, pursuant to the authority of its Board of Directors, by its [Vice] President, attested by its [Assistant] Secretary, this ____ day of __________, 20__. [OWNER] By: -------------------------------- Name: Title: [Vice] President ATTEST: By: -------------------------------- Name: Title: [Assistant] Secretary Personally appeared before me the above-named , known or proved to me to be the same person who executed the foregoing instrument and to be a [Vice] President of the Owner, and acknowledged to me that [he/she] executed the same as [his/her] free act and deed and the free act and deed of the Owner. Subscribed and sworn before me this ____ day of __________, 20___. _______________________________________ Notary Public County of __________________ State of ___________________ My Commission expires: FORM OF TRANSFEROR AFFIDAVIT STATE OF NEW YORK ) ) ss.: COUNTY OF NEW YORK ) __________________________, being duly sworn, deposes, represents and warrants as follows: 1. I am a ____________________ of ____________________________ (the "Owner"), a corporation duly organized and existing under the laws of ______________, on behalf of whom I make this affidavit. 2. The Owner is not transferring the Residual Certificates (the "Residual Certificates") to impede the assessment or collection of any tax. 3. The Owner has no actual knowledge that the Person that is the proposed transferee (the "Purchaser") of the Residual Certificates: (i) has insufficient assets to pay any taxes owed by such proposed transferee as holder of the Residual Certificates; (ii) may become insolvent or subject to a bankruptcy proceeding for so long as the Residual Certificates remain outstanding; and (iii) is not a Permitted Transferee. 4. The Owner understands that the Purchaser has delivered to the Trust Administrator a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit F-2. The Owner does not know or believe that any representation contained therein is false. 5. At the time of transfer, the Owner has conducted a reasonable investigation of the financial condition of the Purchaser as contemplated by Treasury Regulations Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Owner has determined that the Purchaser has historically paid its debts as they became due and has found no significant evidence to indicate that the Purchaser will not continue to pay its debts as they become due in the future. The Owner understands that the transfer of a Residual Certificate may not be respected for United States income tax purposes (and the Owner may continue to be liable for United States income taxes associated therewith) unless the Owner has conducted such an investigation. 6. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement. IN WITNESS WHEREOF, the Owner has caused this instrument to be executed on its behalf, pursuant to the authority of its Board of Directors, by its [Vice] President, attested by its [Assistant] Secretary, this ____ day of ___________, 20__. [OWNER] By: -------------------------------- Name: Title: [Vice] President ATTEST: By: -------------------------------- Name: Title: [Assistant] Secretary Personally appeared before me the above-named , known or proved to me to be the same person who executed the foregoing instrument and to be a [Vice] President of the Owner, and acknowledged to me that [he/she] executed the same as [his/her] free act and deed and the free act and deed of the Owner. Subscribed and sworn before me this ____ day of __________, 20___. _______________________________________ Notary Public County of __________________ State of ___________________ My Commission expires: EXHIBIT G FORM OF CERTIFICATION WITH RESPECT TO ERISA AND THE CODE _____________, 2005 Mortgage Asset Securitization Transactions, Inc. 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Fargo Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Xxxxx Fargo Bank, N.A. Xxx Xxxx Xxxxxx Xxx Xxxxxx, Xxxx 00000-0000 U.S. Bank National Association 00 Xxxxxxxxxx Xxxxxx XX-XX-XX0X Xx. Xxxx, XX 00000 Attn: Structured Finance / MASTR 2006-HE1 Re: MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Class Dear Sirs: _______________________ (the "Transferee") intends to acquire from _____________________ (the "Transferor") $____________ Initial Certificate Principal Balance of MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Series 2006-HE1, Class [CE] [P] [R](the "Certificates"), issued pursuant to a Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association. Capitalized terms used herein and not otherwise defined shall have the meanings assigned thereto in the Pooling and Servicing Agreement. The Transferee hereby certifies, represents and warrants to, and covenants with the Depositor, the Trust Administrator, the Trustee and the Master Servicer that: The Certificates (i) are not being acquired by, and will not be transferred to, any employee benefit plan within the meaning of section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or other retirement arrangement, including individual retirement accounts and annuities, Xxxxx plans and bank collective investment funds and insurance company general or separate accounts in which such plans, accounts or arrangements are invested, that is subject to Section 406 of ERISA or Section 4975 of the Internal Revenue Code of 1986 (the "Code") (any of the foregoing, a "Plan"), (ii) are not being acquired with "plan assets" of a Plan within the meaning of the Department of Labor ("DOL") regulation, 29 C.F.R.ss.2510.3-101, and (iii) will not be transferred to any entity that is deemed to be investing in plan assets within the meaning of the DOL regulation at 29 X.X.X.xx. 2510.3-101. Very truly yours, ----------------------------------------- By: -------------------------------- Name: Title: EXHIBIT H FORM OF REPORT PURSUANT TO SECTION 4.06 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT Pursuant to Section 13 or 15(d) of the SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED) FOR FISCAL YEAR ENDED ________________ COMMISSION FILE NUMBER: 333-_______ MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. (as depositor under the Pooling and Servicing Agreement, dated as of February 1, 2006, providing for the issuance of MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-HE1) Mortgage Asset Securitization Transactions, Inc. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware [ ] ------------------------------ -------------- (State or Other Jurisdiction (I.R.S. Employer of Incorporation) Identification No.) 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, Xxx Xxxx 00000 10019 ------------------------ ----- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: [___] Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None Indicate whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. |X| YES |_| No Item 1. Business: Not applicable Item 2. Properties: Not applicable Item 3. Legal Proceedings: None Item 4. Submission of Matters to a Vote of Security-Holders None Item 5. Market for Registrant's Common Equity and Related Stockholder Matters To the best knowledge of the registrant there is no established public trading market for the certificates. There are approximately _____ holders of record as of the end of the reporting year. Item 6. Selected Financial Data. Not applicable. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Not applicable Item 8. Financial Statements and Supplementary Data. Not applicable. Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure None Item 10. Not applicable Item 11. Executive Compensation Not applicable Item 12. Security Ownership of Certain Beneficial Owners and Management Not applicable Item 13. Certain Relationships and Related Transactions Not applicable Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K a) The company filed on Form 8-K, separately for each distribution date, the distribution of funds related to the trust for each of the following distribution dates: Distribution Date Form 8-K Filing Date ----------------- -------------------- ----------------- ---------------- ----------------- ---------------- ----------------- ---------------- b) 99.1 Annual Report of Independent Public Accountants' as to o master servicing activities or servicing activities, as applicable (a) Xxxxx Fargo Bank, N.A., as Master Servicer 99.2 Annual Statement of Compliance with obligations under the Pooling and Servicing Agreement or servicing agreement, as applicable, of: (a) Xxxxx Fargo Bank, N.A., as Master Servicer Such document (i) is not filed herewith since such document was not received by the Reporting Person at least three business days prior to the due date of this report; and (ii) will be included in an amendment to this report on Form 10-K/A to be filed within 30 days of the Reporting Person's receipt of such document. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: ___________ Mortgage Asset Securitization Transactions, Inc., by Xxxxx Fargo Bank, N.A., as Trustee Administrator for MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates By: ----------------------------------- Name: Title: Company: EXHIBIT I FORM OF LOST NOTE AFFIDAVIT Loan #: ____________ BORROWER: _____________ LOST NOTE AFFIDAVIT I, as ____________________ of ______________________, a _______________ corporation am authorized to make this Affidavit on behalf of _____________________ (the "Seller"). In connection with the administration of the Mortgage Loans held by ____________________, a _________________ corporation as Seller on behalf of Mortgage Asset Securitization Transactions, Inc. (the "Purchaser"), _____________________ (the "Deponent"), being duly sworn, deposes and says that: 1. The Seller's address is: _____________________ _____________________ _____________________ 2. The Seller previously delivered to the Purchaser a signed Initial Certification with respect to such Mortgage and/or Assignment of Mortgage; 3. Such Mortgage Note and/or Assignment of Mortgage was assigned or sold to the Purchaser by ________________________, a ____________ corporation pursuant to the terms and provisions of a Mortgage Loan Purchase Agreement dated as of __________ __, _____; 4. Such Mortgage Note and/or Assignment of Mortgage is not outstanding pursuant to a request for release of Documents; 5. Aforesaid Mortgage Note and/or Assignment of Mortgage (the "Original") has been lost; 6. Deponent has made or caused to be made a diligent search for the Original and has been unable to find or recover same; 7. The Seller was the Seller of the Original at the time of the loss; and 8. Deponent agrees that, if said Original should ever come into Seller's possession, custody or power, Seller will immediately and without consideration surrender the Original to the Purchaser. 9. Attached hereto is a true and correct copy of (i) the Note, endorsed in blank by the Mortgagee and (ii) the Mortgage or Deed of Trust (strike one) which secures the Note, which Mortgage or Deed of Trust is recorded in the county where the property is located. 10. Deponent hereby agrees that the Seller (a) shall indemnify and hold harmless the Purchaser, its successors and assigns, against any loss, liability or damage, including reasonable attorney's fees, resulting from the unavailability of any Notes, including but not limited to any loss, liability or damage arising from (i) any false statement contained in this Affidavit, (ii) any claim of any party that has already purchased a mortgage loan evidenced by the Lost Note or any interest in such mortgage loan, (iii) any claim of any borrower with respect to the existence of terms of a mortgage loan evidenced by the Lost Note on the related property to the fact that the mortgage loan is not evidenced by an original note and (iv) the issuance of a new instrument in lieu thereof (items (i) through (iv) above hereinafter referred to as the "Losses") and (b) if required by any Rating Agency in connection with placing such Lost Note into a Pass-Through Transfer, shall obtain a surety from an insurer acceptable to the applicable Rating Agency to cover any Losses with respect to such Lost Note. 11. This Affidavit is intended to be relied upon by the Purchaser, its successors and assigns. _____________________, a ______________ corporation represents and warrants that is has the authority to perform its obligations under this Affidavit of Lost Note. Executed this ____ day, of ___________ ______. SELLER By: ----------------------------------- Name: Title: On this _____ day of ________, _____, before me appeared _________________ to me personally known, who being duly sworn did say that he is the _____________________ of ____________________ a ______________ corporation and that said Affidavit of Lost Note was signed and sealed on behalf of such corporation and said acknowledged this instrument to be the free act and deed of said corporation. Signature: [Seal] EXHIBIT J-1 FORM CERTIFICATION TO BE PROVIDED BY THE MASTER SERVICER WITH FORM 10-K Certification I, [identify the certifying individual], certify that: 1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of [identify issuer (i.e., the name of the specific deal to which this certification relates rather than just the name of the Depositor)]; 2. Based on my knowledge, the information in these reports, 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 light of the circumstances under which such statements were made, not misleading, as of the last day of the period covered by this annual report; 3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the Master Servicer, the Trust Administrator under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports; 4. Based on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the Trustee in accordance with the terms of the Pooling and Servicing Agreement, and except as disclosed in the reports, the Master Servicer, the Trust Administrator has fulfilled its obligations under the servicing agreement; and 5. The reports disclose all significant deficiencies relating to the Master Servicer, the Trust Administrator's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports. In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Xxxxx Fargo Bank, N.A.. XXXXX FARGO BANK, N.A. By: -------------------------------- Name: Title: Date: EXHIBIT J-2 FORM OF CERTIFICATION TO BE PROVIDED TO MASTER SERVICER BY THE SERVICER (XXXXX FARGO) Xxxxx Fargo Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Re: Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association (the "Agreement") Xxxxx Fargo Bank, N.A., as Servicer hereby certifies to the Master Servicer that: (A) I have 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 200[ ] that were delivered by the Company to the Depositor pursuant to the Agreement (collectively, the "Company Servicing Information"); (B) 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; (C) 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; (D) 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 (E) 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. Any material instances of noncompliance described in such reports have been disclosed to the Depositor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Date: _________________________ By: _______________________________ Name: Title: EXHIBIT J-3 FORM OF CERTIFICATION TO BE PROVIDED TO MASTER SERVICER BY THE SERVICER (JPMorgan) Re: The [ ] agreement dated as of [ ], 200[ ] (the "Agreement"), among [IDENTIFY PARTIES] The Servicer certifies to [the Purchaser], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that: (1) The Servicer has reviewed the servicer compliance statement of the Servicer provided in accordance with Item 1123 of Regulation AB (the "Compliance Statement"), the report on assessment of the Servicer'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 Servicer during 200[ ] that were delivered by the Servicer to the [Depositor] [Master Servicer] [Securities Administrator] [Trustee] pursuant to the Agreement (collectively, the "Servicer Servicing Information"); (2) Based on the Servicer's knowledge, the Servicer 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 Servicer Servicing Information; (3) Based on the Servicer's knowledge, all of the Servicer Servicing Information required to be provided by the Servicer under the Agreement has been provided to the [Depositor] [Master Servicer] [Securities Administrator] [Trustee]; (4) Based on the Servicer's 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 Servicer has fulfilled its obligations under the Agreement in all material respects; and (5) The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer and by any Subservicer or Subcontractor pursuant to the Agreement, have been provided to the [Depositor] [Master Servicer]. Any material instances of noncompliance described in such reports have been disclosed to the [Depositor] [Master Servicer]. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Date: _________________________ By: Name: ________________________________ Title: ________________________________ EXHIBIT K FORM OF CAP CONTRACT ASSIGNMENT AGREEMENT UBS AG has entered into the transaction listed on Attachment 1 hereto with Reference Number 37301208 (the "Old Transaction") with UBS Real Estate Securities, Inc. ("UBS Real Estate"). For valuable consideration, receipt of which is hereby acknowledged, UBS Real Estate hereby assigns, transfers and sets over effective February 27, 2006 unto Mortgage Asset Securitization Transactions Inc. ("MASTR"), without recourse all of its rights, title and interest in and to the Old Transaction and UBS Real Estate hereby gives MASTR and its assigns full power and authority for its or their own uses and benefit, but at its or their own cost, to demand, collect, receive and give acquittance for the same or any part of thereof, and to prosecute or withdraw any suits or proceedings therefore. UBS AG hereby consents to the assignment of the Old Transaction to MASTR as herein provided. Upon the effectiveness of such assignment, for valuable consideration, receipt of which is hereby acknowledged, MASTR hereby assigns, transfers and sets over effective February 27, 2006 unto Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass Through Certificates, Series 2006-HE1 (the "Trust"), without recourse, all of its rights, title and interest in and to the Old Transaction (as so assigned and transferred, referenced by UBS AG as a new transaction with Reference Number 37302517, as listed on Attachment 2 hereto and referred to as the "New Transaction") and MASTR hereby gives the Trust and its assigns full power and authority for its or their own uses and benefit, but at its or their own cost, to demand, collect, receive and give acquittance for the same or any part of thereof, and to prosecute or withdraw any suits or proceedings therefor. UBS AG hereby consents to the assignment of the New Transaction to the Trust as herein provided, with the understanding that the provisions labeled "Additional Provisions" in the confirmation relating to the New Transaction shall become effective upon the assignment to the Trust. Each party hereby represents and warrants to the other that the execution, delivery and performance of this Assignment Agreement by it are within its powers, and have been duly authorized by all necessary corporate or other action and that this Assignment Agreement constitutes its legal, valid and binding obligation. This Assignment Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York without regard the conflict of law provisions thereof other than New York General Obligations Law Sections 5-1401 and 5-1402. IN WITNESS WHEREOF, the parties have duly executed this Assignment Agreement as of the date first written above. UBS AG UBS REAL ESTATE SECURITIES, INC. By: By: ___________________________________ NAME: XXXXXXXX XXXX NAME: Title: Director Title: By: By: ____________________________________ NAME: XXXXXXXX XXXXXXXX NAME: Title: Associate Director Title: MORTGAGE ASSET SECURITIZATION Xxxxx Fargo Bank, N.A., not TRANSACTIONS INC. individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass Through Certificates, Series 2006-HE1 By:_________________________________ By: __________________________________ NAME: NAME: Title: Title: By:_________________________________ NAME: TITLE: ATTACHMENT 1 [UBS Logo] Date: 27 February 2006 To: UBS Real Estate Securities, Inc. ("Counterparty") Attention: Swaps Administration From: UBS AG, London Branch ("UBS AG") Subject: Interest Rate Cap Transaction UBS AG REF: 37301208 Dear Sirs The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a "Confirmation" as referred to in the Master Agreement or Agreement specified below. The definitions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between any of the definitions listed above and this Confirmation, this Confirmation will govern. If you and we are parties to a master agreement that governs transactions of this type (whether in the form of the ISDA Master Agreement (Multicurrency-Cross Border)(the "ISDA Form") or any other form (a "Master Agreement"), then this Confirmation will supplement, form a part of, and be subject to that Master Agreement. If you and we are not parties to such a Master Agreement, then you and we agree to use all reasonable efforts promptly to negotiate, execute and deliver an agreement in the form of the ISDA Form, with such modifications as you and we will in good faith agree. Upon the execution by you and us of such an agreement, this Confirmation will supplement, form a part of and be subject to and governed by that agreement, except as expressly modified below. Until we execute and deliver that agreement, this Confirmation, together with all other documents referring to the ISDA Form (each a "Confirmation") confirming transactions (each a "Transaction") entered into between us (notwithstanding anything to the contrary in a confirmation), shall supplement, form a part of, and be subject to an agreement in the form of the ISDA Form as if we had executed an agreement in such form (but without any Schedule except for the election of the laws of New York as the Governing Law and U.S. Dollars as the Termination Currency) on the Trade Date of the first Transaction between us (hereinafter the "Agreement"). In the event of any inconsistency between the provisions of any such Agreement and this Confirmation, this Confirmation will prevail for the purposes of this Transaction. The terms of the particular Cap Transaction to which this Confirmation relates are as follows: GENERAL TERMS Trade Date: 27 February 2006 Effective Date 25 March 2006 Termination Date: 25 September 2009, subject to adjustment in accordance with the Modified Following Business Day Convention. Calculation Amount: Initially USD 2,646,000.00, amortizing as per Amortizing Schedule below ------------------------------------------------------------------------------- AMORTIZATION SCHEDULE: PERIOD FROM PERIOD TO CALCULATION AMOUNT (USD) ------------------------------------------------------------------------------- 25-Mar-06 25-Apr-06 2,646,000 25-Apr-06 25-May-06 6,233,000 25-May-06 25-Jun-06 10,404,000 25-Jun-06 25-Jul-06 15,578,000 25-Jul-06 25-Aug-06 21,595,000 25-Aug-06 25-Sep-06 27,987,000 25-Sep-06 25-Oct-06 35,020,000 25-Oct-06 25-Nov-06 41,514,000 25-Nov-06 25-Dec-06 48,030,000 25-Dec-06 25-Jan-07 53,434,000 25-Jan-07 25-Feb-07 58,115,000 25-Feb-07 25-Mar-07 57,968,000 25-Mar-07 25-Apr-07 61,640,000 25-Apr-07 25-May-07 64,640,000 25-May-07 25-Jun-07 65,415,000 25-Jun-07 25-Jul-07 63,854,000 25-Jul-07 25-Aug-07 57,849,000 25-Aug-07 25-Sep-07 48,038,000 25-Sep-07 25-Oct-07 48,459,000 25-Oct-07 25-Nov-07 58,420,000 25-Nov-07 25-Dec-07 66,464,000 25-Dec-07 25-Jan-08 72,709,000 25-Jan-08 25-Feb-08 76,886,000 25-Feb-08 25-Mar-08 72,076,000 25-Mar-08 25-Apr-08 69,223,000 25-Apr-08 25-May-08 66,831,000 25-May-08 25-Jun-08 65,284,000 25-Jun-08 25-Jul-08 66,535,000 25-Jul-08 25-Aug-08 67,587,000 25-Aug-08 25-Sep-08 55,007,000 25-Sep-08 25-Oct-08 82,569,000 25-Oct-08 25-Nov-08 82,175,000 25-Nov-08 25-Dec-08 134,335,000 25-Dec-08 25-Jan-09 130,384,000 25-Jan-09 25-Feb-09 126,524,000 25-Feb-09 25-Mar-09 112,242,000 25-Mar-09 25-Apr-09 109,123,000 25-Apr-09 25-May-09 106,192,000 25-May-09 25-Jun-09 103,359,000 25-Jun-09 25-Jul-09 100,619,000 25-Jul-09 25-Aug-09 97,968,000 25-Aug-09 Termination Date 85,058,000 The dates in the above schedule with the exception of the Effective Date will be subject to adjustment in accordance with the Modified Following Business Day Convention. Seller of the Cap: UBS AG Buyer of the Cap: Counterparty Calculation Agent: UBS AG, unless otherwise specified in the schedule to the Master Agreement Business Days: New York Broker: None FIXED AMOUNTS Fixed Rate Payer: Counterparty Fixed Amount: Not Applicable Fixed Rate Payer Payment Date: Not Applicable Business Day Convention: Not Applicable FLOATING AMOUNTS Floating Rate Payer: UBS AG Cap Rate: As per Cap Rate Schedule A below -------------------------------------------------------------------------------- CAP RATE SCHEDULE A PERIOD FROM PERIOD TO CAP RATE -------------------------------------------------------------------------------- Effective Date 25-Apr-06 4.908 25-Apr-06 25-May-06 5.064 25-May-06 25-Jun-06 5.214 25-Jun-06 25-Jul-06 5.292 25-Jul-06 25-Aug-06 5.435 25-Aug-06 25-Sep-06 5.558 25-Sep-06 25-Oct-06 5.546 25-Oct-06 25-Nov-06 5.648 25-Nov-06 25-Dec-06 5.730 25-Dec-06 25-Jan-07 5.701 25-Jan-07 25-Feb-07 5.771 25-Feb-07 25-Mar-07 5.824 25-Mar-07 25-Apr-07 5.797 25-Apr-07 25-May-07 5.845 25-May-07 25-Jun-07 5.889 25-Jun-07 25-Jul-07 5.909 25-Jul-07 25-Aug-07 5.954 25-Aug-07 25-Sep-07 5.999 25-Sep-07 25-Oct-07 6.024 25-Oct-07 25-Nov-07 6.060 25-Nov-07 25-Dec-07 6.098 25-Dec-07 25-Jan-08 6.148 25-Jan-08 25-Feb-08 6.183 25-Feb-08 25-Mar-08 6.216 25-Mar-08 25-Apr-08 6.248 25-Apr-08 25-May-08 6.274 25-May-08 25-Jun-08 6.311 25-Jun-08 25-Jul-08 6.363 25-Jul-08 25-Aug-08 6.391 25-Aug-08 25-Sep-08 6.428 25-Sep-08 25-Oct-08 6.476 25-Oct-08 25-Nov-08 6.509 25-Nov-08 25-Dec-08 6.545 25-Dec-08 25-Jan-09 6.603 25-Jan-09 25-Feb-09 6.635 25-Feb-09 25-Mar-09 6.663 25-Mar-09 25-Apr-09 6.697 25-Apr-09 25-May-09 6.722 25-May-09 25-Jun-09 6.751 25-Jun-09 25-Jul-09 6.786 25-Jul-09 25-Aug-09 6.813 25-Aug-09 Termination Date 6.842 Floating Amount: To be determined in accordance with the following formula: Greater of (1) Calculation Amount * Floating Rate Day Count Fraction * (Floating Rate Option - Cap Rate per Schedule A) and (2) 0 Floating Rate Option: USD-LIBOR-BBA, provided however, that if the Floating Rate Option for any Calculation Period is greater than the Cap Rate stated in Cap Rate Schedule B below, the Floating Rate Option for such Calculation Period shall be deemed equal to the Cap Rate stated in Cap Rate Schedule B below -------------------------------------------------------------------------------- CAP RATE SCHEDULE B PERIOD FROM PERIOD TO CAP RATE -------------------------------------------------------------------------------- Effective Date 25-Apr-06 5.250 25-Apr-06 25-May-06 5.250 25-May-06 25-Jun-06 5.500 25-Jun-06 25-Jul-06 5.500 25-Jul-06 25-Aug-06 5.750 25-Aug-06 25-Sep-06 6.000 25-Sep-06 25-Oct-06 6.000 25-Oct-06 25-Nov-06 6.250 25-Nov-06 25-Dec-06 6.250 25-Dec-06 25-Jan-07 6.500 25-Jan-07 25-Feb-07 6.500 25-Feb-07 25-Mar-07 6.750 25-Mar-07 25-Apr-07 6.750 25-Apr-07 25-May-07 6.750 25-May-07 25-Jun-07 7.000 25-Jun-07 25-Jul-07 7.000 25-Jul-07 25-Aug-07 7.000 25-Aug-07 25-Sep-07 7.250 25-Sep-07 25-Oct-07 7.250 25-Oct-07 25-Nov-07 7.250 25-Nov-07 25-Dec-07 7.500 25-Dec-07 25-Jan-08 7.500 25-Jan-08 25-Feb-08 7.500 25-Feb-08 25-Mar-08 7.750 25-Mar-08 25-Apr-08 7.750 25-Apr-08 25-May-08 7.750 25-May-08 25-Jun-08 8.000 25-Jun-08 25-Jul-08 8.000 25-Jul-08 25-Aug-08 8.000 25-Aug-08 25-Sep-08 8.000 25-Sep-08 25-Oct-08 8.250 25-Oct-08 25-Nov-08 8.250 25-Nov-08 25-Dec-08 8.250 25-Dec-08 25-Jan-09 8.250 25-Jan-09 25-Feb-09 8.500 25-Feb-09 25-Mar-09 8.500 25-Mar-09 25-Apr-09 8.500 25-Apr-09 25-May-09 8.500 25-May-09 25-Jun-09 8.500 25-Jun-09 25-Jul-09 8.500 25-Jul-09 25-Aug-09 8.500 25-Aug-09 Termination Date 8.500 Designated Maturity: One Month Spread: None Floating Rate Day Count Actual/360 Fraction: Floating Rate Payer 25 January, 25 February, 25 March, 25 April, 25 May, End Dates: 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below. Floating Rate Payer Early Payment shall be applicable. The Floating Rate Payment Dates: Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. Business Day Convention: Modified Following RELATIONSHIP BETWEEN PARTIES Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction): (a) Non-Reliance. UBS AG is acting for its own account, and has made its own independent decision to enter into this Transaction. The Counterparty is acting on behalf of the Trust and has been instructed to enter into this Transaction, and this such Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanation relating to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction. (b) Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of this Transaction. Each party is also capable of assuming and assumes, the risks of this Transaction. (c) Status of the Parties. Neither party is acting as a fiduciary for or as an adviser to the other in respect of this Transaction. (d) ELIGIBLE CONTRACT PARTICIPANT. Each party constitutes an "eligible contract participant" as such term is defined in Section 1(a)12 of the Commodity Exchange Act, as amended. References in this clause to "a party" shall, in the case of UBS AG and where the context so allows, include references to any affiliate of UBS AG. ACCOUNT DETAILS FOR UBS AG: Currency: USD Correspondent Bank: UBS AG, XXXXXXXX BRANCH Swift Address: XXXXXX00XXX Favour: UBS AG LONDON BRANCH Swift Address: XXXXXX0XXXX Account No: 101-wa-140007-000 Further Credit To: Swift Address: Account No: OFFICES (a) The office of UBS AG for the Interest Rate Cap Transaction is London; and (b) The office of Counterparty for the Interest Rate Cap Transaction is London CONTACT NAMES AT UBS AG: Pre Value Payments: Pre Value Payment (00) 00 0000 0000 Investigations: Post Value Payments: Post Value Payment (00) 00 0000 0000 Investigations: Confirmation Queries: Confirmation Control: (00) 00 0000 0000 ISDA Documentation: Credit Risk Management: (00) 00 0000 0000 Swift: UBSWGB2L Fax: (00) 00 0000 0000/2990 Address: UBS AG 000 Xxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing a copy of this Confirmation and returning it to us or by sending to us a letter or facsimile substantially similar to this letter, which letter or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms or by sending to us a return letter or facsimile in the form attached. This Agreement may be executed in several counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Yours Faithfully For and on Behalf of UBS AG, London Branch By: By: Name: Xxxxxxxx Xxxx Name: Xxxxxxxx XxXxxxxx Title: Director Title: Associate Director Acknowledged and Agreed by UBS Real Estate Securities, Inc. as of the date first written above: By: Name : Title : UBS AG London Branch, 0 Xxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX UBS AG is a member of the London Stock Exchange and is regulated in the UK by the Financial Services Authority. Representatives of UBS Limited introduce trades to UBS AG via UBS Limited. ATTACHMENT 2 [UBS LOGO] Date: 27 February 2006 To: Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass Through Certificates, Series 2006-HE1 ("Counterparty") Attention: Swaps Administration From: UBS AG, London Branch ("UBS AG") Subject: Interest Rate Cap Transaction UBS AG REF: 37302517 Dear Sirs The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a "Confirmation" as referred to in the Master Agreement or Agreement specified below. The definitions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between any of the definitions listed above and this Confirmation, this Confirmation will govern. This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of 27 February 2006 as amended and supplemented from time to time (the "Agreement"), between Counterparty and UBS AG. All provisions contained in the Agreement govern this Confirmation except as expressly modified below. The terms of the particular Cap Transaction to which this Confirmation relates are as follows: GENERAL TERMS Trade Date: 27 February 2006 Effective Date March 25, 2006 Termination Date: 25 September 2009, subject to adjustment in accordance with the Modified Following Business Day Convention. Calculation Amount: Initially 10,584.00 amortizing as per Amortizing Schedule below -------------------------------------------------------------------------------- AMORTIZATION SCHEDULE: PERIOD FROM PERIOD TO CALCULATION AMOUNT (USD) -------------------------------------------------------------------------------- Effective Date 25-Apr-06 10,584 25-Apr-06 25-May-06 24,932 25-May-06 25-Jun-06 41,616 25-Jun-06 25-Jul-06 62,312 25-Jul-06 25-Aug-06 86,380 25-Aug-06 25-Sep-06 111,948 25-Sep-06 25-Oct-06 140,080 25-Oct-06 25-Nov-06 166,056 25-Nov-06 25-Dec-06 192,120 25-Dec-06 25-Jan-07 213,736 25-Jan-07 25-Feb-07 232,460 25-Feb-07 25-Mar-07 231,872 25-Mar-07 25-Apr-07 246,560 25-Apr-07 25-May-07 258,560 25-May-07 25-Jun-07 261,660 25-Jun-07 25-Jul-07 255,416 25-Jul-07 25-Aug-07 231,396 25-Aug-07 25-Sep-07 192,152 25-Sep-07 25-Oct-07 193,836 25-Oct-07 25-Nov-07 233,680 25-Nov-07 25-Dec-07 265,856 25-Dec-07 25-Jan-08 290,836 25-Jan-08 25-Feb-08 307,544 25-Feb-08 25-Mar-08 288,304 25-Mar-08 25-Apr-08 276,892 25-Apr-08 25-May-08 267,324 25-May-08 25-Jun-08 261,136 25-Jun-08 25-Jul-08 266,140 25-Jul-08 25-Aug-08 270,348 25-Aug-08 25-Sep-08 220,028 25-Sep-08 25-Oct-08 330,276 25-Oct-08 25-Nov-08 328,700 25-Nov-08 25-Dec-08 537,340 25-Dec-08 25-Jan-09 521,536 25-Jan-09 25-Feb-09 506,096 25-Feb-09 25-Mar-09 448,968 25-Mar-09 25-Apr-09 436,492 25-Apr-09 25-May-09 424,768 25-May-09 25-Jun-09 413,436 25-Jun-09 25-Jul-09 402,476 25-Jul-09 25-Aug-09 391,872 25-Aug-09 Termination Date 340,232 The dates in the above schedule with the exception of the Effective Date will be subject to adjustment in accordance with the Modified Following Business Day Convention. Seller of the Cap: UBS AG Buyer of the Cap: Counterparty Calculation Agent: UBS AG, unless otherwise specified in the schedule to the Master Agreement Business Days: New York Broker: None FIXED AMOUNTS Fixed Rate Payer: Counterparty Fixed Amount: Not Applicable Fixed Rate Payer Payment Date: Not Applicable Business Day Convention: Not Applicable FLOATING AMOUNTS Floating Rate Payer: UBS AG Cap Rate: As per Cap Rate Schedule A below -------------------------------------------------------------------------------- CAP RATE SCHEDULE A PERIOD FROM PERIOD TO CAP RATE -------------------------------------------------------------------------------- Effective Date 25-Apr-06 4.908 25-Apr-06 25-May-06 5.064 25-May-06 25-Jun-06 5.214 25-Jun-06 25-Jul-06 5.292 25-Jul-06 25-Aug-06 5.435 25-Aug-06 25-Sep-06 5.558 25-Sep-06 25-Oct-06 5.546 25-Oct-06 25-Nov-06 5.648 25-Nov-06 25-Dec-06 5.730 25-Dec-06 25-Jan-07 5.701 25-Jan-07 25-Feb-07 5.771 25-Feb-07 25-Mar-07 5.824 25-Mar-07 25-Apr-07 5.797 25-Apr-07 25-May-07 5.845 25-May-07 25-Jun-07 5.889 25-Jun-07 25-Jul-07 5.909 25-Jul-07 25-Aug-07 5.954 25-Aug-07 25-Sep-07 5.999 25-Sep-07 25-Oct-07 6.024 25-Oct-07 25-Nov-07 6.060 25-Nov-07 25-Dec-07 6.098 25-Dec-07 25-Jan-08 6.148 25-Jan-08 25-Feb-08 6.183 25-Feb-08 25-Mar-08 6.216 25-Mar-08 25-Apr-08 6.248 25-Apr-08 25-May-08 6.274 25-May-08 25-Jun-08 6.311 25-Jun-08 25-Jul-08 6.363 25-Jul-08 25-Aug-08 6.391 25-Aug-08 25-Sep-08 6.428 25-Sep-08 25-Oct-08 6.476 25-Oct-08 25-Nov-08 6.509 25-Nov-08 25-Dec-08 6.545 25-Dec-08 25-Jan-09 6.603 25-Jan-09 25-Feb-09 6.635 25-Feb-09 25-Mar-09 6.663 25-Mar-09 25-Apr-09 6.697 25-Apr-09 25-May-09 6.722 25-May-09 25-Jun-09 6.751 25-Jun-09 25-Jul-09 6.786 25-Jul-09 25-Aug-09 6.813 25-Aug-09 Termination Date 6.842 Floating Amount: To be determined in accordance with the following formula: Greater of (1) 250 * Calculation Amount * Floating Rate Day Count Fraction * (Floating Rate Option - Cap Rate per Schedule A) and (2) 0 Floating Rate Option: USD-LIBOR-BBA, provided however, that if the Floating Rate Option for any Calculation Period is greater than the Cap Rate stated in Cap Rate Schedule B below, the Floating Rate Option for such Calculation Period shall be deemed equal to the Cap Rate stated in Cap Rate Schedule B below -------------------------------------------------------------------------------- CAP RATE SCHEDULE B PERIOD FROM PERIOD TO CAP RATE -------------------------------------------------------------------------------- Effective Date 25-Apr-06 5.250 25-Apr-06 25-May-06 5.250 25-May-06 25-Jun-06 5.500 25-Jun-06 25-Jul-06 5.500 25-Jul-06 25-Aug-06 5.750 25-Aug-06 25-Sep-06 6.000 25-Sep-06 25-Oct-06 6.000 25-Oct-06 25-Nov-06 6.250 25-Nov-06 25-Dec-06 6.250 25-Dec-06 25-Jan-07 6.500 25-Jan-07 25-Feb-07 6.500 25-Feb-07 25-Mar-07 6.750 25-Mar-07 25-Apr-07 6.750 25-Apr-07 25-May-07 6.750 25-May-07 25-Jun-07 7.000 25-Jun-07 25-Jul-07 7.000 25-Jul-07 25-Aug-07 7.000 25-Aug-07 25-Sep-07 7.250 25-Sep-07 25-Oct-07 7.250 25-Oct-07 25-Nov-07 7.250 25-Nov-07 25-Dec-07 7.500 25-Dec-07 25-Jan-08 7.500 25-Jan-08 25-Feb-08 7.500 25-Feb-08 25-Mar-08 7.750 25-Mar-08 25-Apr-08 7.750 25-Apr-08 25-May-08 7.750 25-May-08 25-Jun-08 8.000 25-Jun-08 25-Jul-08 8.000 25-Jul-08 25-Aug-08 8.000 25-Aug-08 25-Sep-08 8.000 25-Sep-08 25-Oct-08 8.250 25-Oct-08 25-Nov-08 8.250 25-Nov-08 25-Dec-08 8.250 25-Dec-08 25-Jan-09 8.250 25-Jan-09 25-Feb-09 8.500 25-Feb-09 25-Mar-09 8.500 25-Mar-09 25-Apr-09 8.500 25-Apr-09 25-May-09 8.500 25-May-09 25-Jun-09 8.500 25-Jun-09 25-Jul-09 8.500 25-Jul-09 25-Aug-09 8.500 25-Aug-09 Termination Date 8.500 Designated Maturity: One Month Spread: None Floating Rate Day Count Actual/360 Fraction: Floating Rate 25 January, 25 February, 25 March, 25 April, 25 May, Payer End Dates: 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 April 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below. Floating Rate Payer Early Payment shall be applicable. The Floating Rate Payment Dates: Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. Business Day Convention: Modified Following RELATIONSHIP BETWEEN PARTIES Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction): (a) Non-Reliance. Each party is acting for its own account, and has made its own independent decisions to enter into this Transaction and this such Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanation relating to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction.. (b) Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of this Transaction. Each party is also capable of assuming and assumes, the risks of this Transaction. (c) Status of the Parties. Neither party is acting as a fiduciary for or as an adviser to the other in respect of this Transaction. (d) ELIGIBLE CONTRACT PARTICIPANT. Each party constitutes an "eligible contract participant" as such term is defined in Section 1(a)12 of the Commodity Exchange Act, as amended. References in this clause to "a party" shall, in the case of UBS AG and where the context so allows, include references to any affiliate of UBS AG. ACCOUNT DETAILS FOR UBS AG: Currency: USD Correspondent Bank: UBS AG, XXXXXXXX BRANCH Swift Address: XXXXXX00XXX Favour: UBS AG LONDON BRANCH Swift Address: XXXXXX0XXXX Account No: 101-wa-140007-000 Further Credit To: Swift Address: Account No: OFFICES (c) The office of UBS AG for the Interest Rate Cap Transaction is London; and (d) The office of Counterparty for the Interest Rate Cap Transaction is New York CONTACT NAMES AT UBS AG: Pre Value Payments: Pre Value Payment (00) 00 0000 0000 Investigations: Post Value Payments: Post Value Payment (00) 00 0000 0000 Investigations: Confirmation Queries: Confirmation Control: (00) 00 0000 0000 ISDA Documentation: Credit Risk Management: (00) 00 0000 0000 Swift: UBSWGB2L Fax: (00) 00 0000 0000/2990 Address: UBS AG 000 Xxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX Contact Info: Xxxxx Fargo Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, XX 00000-0000 Attn: Client Manager MABS 2006-HE1, or (p) 410.884.2000 (f) 410.715.2380 Wiring Instructions: Xxxxx Fargo Bank, NA San Francisco, CA ABA #: 000-000-000 Acct #: 0000000000 Acct Name: SAS Clearing For Further Credit: Account # 00000000 Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing a copy of this Confirmation and returning it to us or by sending to us a letter or facsimile substantially similar to this letter, which letter or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms or by sending to us a return letter or facsimile in the form attached. This Agreement may be executed in several counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Yours Faithfully For and on Behalf of UBS AG, London Branch By: By: Name: Xxxxxxxx Xxxx Name: Xxxxxxxx XxXxxxxx Title: Director Title: Associate Director Acknowledged and Agreed by Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass Through Certificates, Series 2006-HE1 as of the date first written above: By: Name : Title : UBS AG London Branch, 0 Xxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX UBS AG is a member of the London Stock Exchange and is regulated in the UK by the Financial Services Authority. Representatives of UBS Limited introduce trades to UBS AG via UBS Limited. EXHIBIT L ANNUAL STATEMENT OF COMPLIANCE PURSUANT TO SECTION 3.20 MASTR ASSET BACKED SECURITIES TRUST 2006-HE1, MORTGAGE PASS-THROUGH CERTIFICATES I, _____________________, hereby certify that I am a duly appointed __________________________ of [PARTY], and further certify as follows: 1. This certification is being made pursuant to the terms of the Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association (the "Agreement"). 2. The undersigned officer of the [PARTY] hereby certifies that (i) a review of the activities of the [PARTY] during the preceding calendar year and of performance under the Agreement has been made under such officers' supervision and (ii) to the best of such officers' knowledge, based on such review, the [PARTY] has fulfilled all of its obligations under the Agreement in all material respects throughout such year. Capitalized terms not otherwise defined herein have the meanings set forth in the Agreements. Dated: _____________, 2006 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of _____________. By: -------------------------------- Name: Title: I, _________________________, a (an) __________________ of the Servicer, hereby certify that _________________ is a duly elected, qualified, and acting _______________________ of the Servicer and that the signature appearing above is his/her genuine signature. IN WITNESS WHEREOF, the undersigned has executed this Certificate as of ______________. By: -------------------------------- Name: Title: EXHIBIT M FORMS OF INTEREST RATE SWAP AGREEMENT [BEAR XXXXXXX LETTERHEAD] BEAR XXXXXXX FINANCIAL PRODUCTS INC. 000 XXXXXXX XXXXXX XXX XXXX, XXX XXXX 00000 000-000-0000 DATE: February 27, 2006 TO: Xxxxx Fargo Bank, N.A., not individually, but solely as Trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Series 2006-HE1 ATTENTION: Client Manager-MABS 2006-HE1 TELEPHONE: 410-884-2000 FACSIMILE: 000-000-0000 FROM: Derivatives Documentation TELEPHONE: 000-000-0000 FACSIMILE: 000-000-0000 SUBJECT: Fixed Income Derivatives Confirmation and Agreement REFERENCE NUMBER: FXNSC7923 The purpose of this letter agreement ("Agreement") is to confirm the terms and conditions of the current Transaction entered into on the Trade Date specified below (the "Current Transaction") between Bear Xxxxxxx Financial Products Inc. ("BSFP") and Xxxxx Fargo Bank, N.A., not individually, but solely as Trustee on behalf of the Supplemental Interest Trust for MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Series 2006-HE1 ("Counterparty") under the Pooling and Servicing Agreement, dated as of February 1, 2006, among Xxxxx Fargo Bank, N.A. and JPMorgan Chase Bank, National Association, as Servicers, Xxxxx Fargo Bank, N.A., as Master Servicer and Trust Administrator, Mortgage Asset Securitization Transactions, Inc., as Depositor and U.S. Bank National Association, as Trustee (the "Trustee") (the "Pooling and Servicing Agreement"). This letter agreement constitutes the sole and complete "Confirmation," as referred to in the "ISDA Form Master Agreement" (as defined below), as well as a "Schedule" as referred to in the ISDA Form Master Agreement. 1. This Agreement is subject to the 2000 ISDA DEFINITIONS (the "Definitions"), as published by the International Swaps and Derivatives Association, Inc. ("ISDA"). You and we have agreed to enter into this Agreement in lieu of negotiating a Schedule to the 1992 ISDA Master Agreement (Multicurrency--Cross Border) form (the "ISDA Form Master Agreement") but, rather, an ISDA Form Master Agreement shall be deemed to have been executed by you and us on the date we entered into the Transaction. In the event of any inconsistency between the provisions of this Agreement and the Definitions or the ISDA Form Master Agreement, this Agreement shall prevail for purposes of the Transaction. Terms capitalized but not defined herein shall have the meanings attributed to them in the Pooling and Servicing Agreement. 2. The terms of the particular Transaction to which this Confirmation relates are as follows: Notional Amount: With respect to any Calculation Period, the amount set forth for such period in Schedule I. Trade Date: February 23, 2006 Effective Date: February 27, 2006 Termination Date: September 25, 2009, provided, however, for the purposes of determining the Floating Amount to be paid in respect of the final Calculation Period, such date shall be subject to adjustment in accordance with the Business Day Convention. FIXED AMOUNT (PREMIUM): Fixed Rate Payer: Counterparty Fixed Rate Payer Period End Dates: The 25th calendar day of each month during the Term of this Transaction, commencing March 25, 2006, and ending on the Termination Date, with No Adjustment. Fixed Rate Payer Payment Dates: Early Payment shall be applicable. The Fixed Rate Payer Payment Date shall be two Business Days prior to each Fixed Rate Payer Period End Date. Fixed Rate: 4.64400% Fixed Amount: To be determined in accordance with the following Formula: 250*Fixed Rate*Notional Amount*Fixed Rate Day Count Fraction Fixed Rate Day Count Fraction: 30/360 FLOATING AMOUNTS: Floating Rate Payer: BSFP Floating Rate Payer Period End Dates: The 25th calendar day of each month during the Term of this Transaction, commencing March 25, 2006, and ending on the Termination Date, subject to adjustment in accordance with the Business Day Convention. Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Date shall be two Business Days prior to each Floating Rate Payer Period End Date. Floating Rate for initial Calculation Period: To be determined. Floating Rate Option: USD-LIBOR-BBA Floating Amount: To be determined in accordance with the following Formula: 250*Floating Rate Option*Notional Amount*Floating Rate Day Count Fraction Designated Maturity: One month Spread: None Floating Rate Day Count Fraction: Actual/360 Reset Dates: The first day of each Calculation Period. Compounding: Inapplicable Business Days: New York Business Day Convention: Following Additional Amount: In connection with entering into this Transaction USD 73,000 is payable by Counterparty to BSFP on February 27, 2006. 3. Additional Provisions: Each party hereto is hereby advised and acknowledges that the other party has engaged in (or refrained from engaging in) substantial financial transactions and has taken (or refrained from taking) other material actions in reliance upon the entry by the parties into the Transaction being entered into on the terms and conditions set forth herein and in the Confirmation relating to such Transaction, as applicable. This paragraph shall be deemed repeated on the trade date of each Transaction. 4. Provisions Deemed Incorporated in a Schedule to the ISDA Form Master Agreement: 1) The parties agree that subparagraph (ii) of Section 2(c) of the ISDA Form Master Agreement will apply to any Transaction. 2) TERMINATION PROVISIONS. Notwithstanding the provisions of paragraph 9 below, for purposes of the ISDA Form Master Agreement: (a) "Specified Entity" is not applicable to BSFP or Counterparty for any purpose. (b) "Breach of Agreement" provision of Section 5(a)(ii) will not apply to BSFP or Counterparty. (c) "Credit Support Default" provisions of Section 5(a)(iii) will not apply to Counterparty and will not apply to BSFP unless BSFP has obtained a guarantee or posted collateral pursuant to paragraph 16 below. (d) "Misrepresentation" provisions or Section 5(a)(iv) will not apply to BSFP or Counterparty. (e) "Specified Transaction" is not applicable to BSFP or Counterparty for any purpose, and, accordingly, Section 5(a)(v) shall not apply to BSFP or Counterparty. (f) The "Cross Default" provisions of Section 5(a)(vi) will not apply to BSFP or to Counterparty. (g) The "Credit Event Upon Merger" provisions of Section 5(b)(iv) will not apply to BSFP or Counterparty. (h) The "Bankruptcy" provision of Section 5(a)(vii)(2) will be inapplicable to Counterparty. (i) The "Automatic Early Termination" provision of Section 6(a) will not apply to BSFP or to Counterparty. (j) Payments on Early Termination. For the purpose of Section 6(e): (i) Market Quotation will apply. (ii) The Second Method will apply. (k) "Termination Currency" means United States Dollars. 3) Tax Representations. (a) Payer Representations. For the purpose of Section 3(e) of the ISDA Form Master Agreement, each of BSFP and the Counterparty will make the following representations: It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e) of the ISDA Form Master Agreement) to be made by it to the other party under this Agreement. In making this representation, it may rely on: (i) the accuracy of any representations made by the other party pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the agreement contained in Section 4(a)(iii) of the ISDA Form Master Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(iii) of the ISDA Form Master Agreement; and (iii) the satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement, provided that it shall not be a breach of this representation where reliance is placed on clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position. (b) Payee Representations. For the purpose of Section 3(f) of the ISDA Form Master Agreement, each of BSFP and the Counterparty make the following representations. The following representation will apply to BSFP: BSFP is a corporation organized under the laws of the State of Delaware and its U.S. taxpayer identification number is 00-0000000. The following representation will apply to the Counterparty: Counterparty represents that it is the Trustee on behalf of the Supplemental Interest Trust under the Pooling and Servicing Agreement. 4) [Reserved] 5) DOCUMENTS TO BE DELIVERED. For the purpose of Section 4(a): (1) Tax forms, documents, or certificates to be delivered are: Form/Document/ Date by which to PARTY REQUIRED TO DELIVER DOCUMENT Certificate be delivered ---------------------------------- ---------------------------------- ---------------------------------- BSFP and Any document required or Promptly after the earlier the Counterparty reasonably requested to of (i) reasonable demand by allow the other party to either party or (ii) make payments under this learning that such form or Agreement without any document is required deduction or withholding for or on the account of any Tax or with such deduction or withholding at a reduced rate (2) Other documents to be delivered are: PARTY REQUIRED TO DELIVER Form/Document/ Date by which to Covered by Section 3(d) DOCUMENT Certificate be delivered Representation ------------------------- ------------------------- ------------------------- ------------------------- BSFP and Any documents required by the Counterparty the receiving party to Upon the execution and delivery Yes evidence the authority of of this Agreement and such the delivering party or its Confirmation Credit Support Provider, if any, for it to execute and deliver this Agreement, any Confirmation , and any Credit Support Documents to which it is a party, and to evidence the authority of the delivering party or its Credit Support Provider to perform its obligations under this Agreement, such Confirmation and/or Credit Support Document, as the case may be BSFP and A certificate of an Upon the execution and delivery Yes the Counterparty authorized officer of the of this Agreement and such party, as to the incumbency Confirmation and authority of the respective officers of the party signing this Agreement, any relevant Credit Support Document, or any Confirmation, as the case may be 6) MISCELLANEOUS. Miscellaneous (a) Address for Notices: For the purposes of Section 12(a) of the ISDA Form Master Agreement: Address for notices or communications to BSFP: Address: 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 Attention: DPC Manager Facsimile: (000) 000-0000 with a copy to: Address: Xxx Xxxxxxxxx Xxxxxx Xxxxx, Xxxxxxxx, Xxx Xxxx 00000 Attention: Derivative Operations - 7th Floor Facsimile: (000) 000-0000 (For all purposes) Address for notices or communications to the Counterparty: Address: Xxxxx Fargo Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attention: Client Manager - MABS 2006-HE1 Facsimile: 000-000-0000 Phone: 000-000-0000 (For all purposes) (b) Process Agent. For the purpose of Section 13(c) of the ISDA Form Master Agreement: BSFP appoints as its Process Agent: Not Applicable The Counterparty appoints as its Process Agent: Not Applicable (c) Offices. The provisions of Section 10(a) of the ISDA Form Master Agreement will not apply to this Agreement; neither BSFP nor the Counterparty have any Offices other than as set forth in the Notices Section and BSFP agrees that, for purposes of Section 6(b) of the ISDA Form Master Agreement, it shall not in future have any Office other than one in the United States. (d) Multibranch Party. For the purpose of Section 10(c) of the ISDA Form Master Agreement: BSFP is not a Multibranch Party. The Counterparty is not a Multibranch Party. (e) Calculation Agent. The Calculation Agent is BSFP. (f) Credit Support Document. BSFP: Not applicable, except for any guarantee or contingent agreement delivered pursuant to paragraph 16 below. The Counterparty: Not Applicable (g) Credit Support Provider. BSFP: Not Applicable for BSFP for so long as no Credit Support Document is delivered under paragraph 16 below, otherwise, the party that is the primary obligor under the Credit Support Document. The Counterparty: Not Applicable (h) Governing Law. The parties to this Agreement hereby agree that the law of the State of New York shall govern their rights and duties in whole without regard to the conflict of law provisions thereof other than New York General Obligations Law Sections 5-1401 and 5-1402. (i) Severability. If any term, provision, covenant, or condition of this Agreement, or the application thereof to any party or circumstance, shall be held to be invalid or unenforceable (in whole or in part) for any reason, the remaining terms, provisions, covenants, and conditions hereof shall continue in full force and effect as if this Agreement had been executed with the invalid or unenforceable portion eliminated, so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter of this Agreement and the deletion of such portion of this Agreement will not substantially impair the respective benefits or expectations of the parties. The parties shall endeavor to engage in good faith negotiations to replace any invalid or unenforceable term, provision, covenant or condition with a valid or enforceable term, provision, covenant or condition, the economic effect of which comes as close as possible to that of the invalid or unenforceable term, provision, covenant or condition. (j) Consent to Recording. Each party hereto consents to the monitoring or recording, at any time and from time to time, by the other party of any and all communications between officers or employees of the parties, waives any further notice of such monitoring or recording, and agrees to notify its officers and employees of such monitoring or recording. (k) Waiver of Jury Trial. Each party waives any right it may have to a trial by jury in respect of any Proceedings relating to this Agreement or any Credit Support Document. 7) "Affiliate". Each of BSFP and Counterparty shall be deemed to not have any Affiliates for purposes of this Agreement, including for purposes of Section 6(b)(ii) of the ISDA Form Master Agreement. 8) Section 3 of the ISDA Form Master Agreement is hereby amended by adding at the end thereof the following subsection (g): "(g) RELATIONSHIP BETWEEN PARTIES. Each party represents to the other party on each date when it enters into a Transaction that:-- (1) NONRELIANCE. It is not relying on any statement or representation of the other party regarding the Transaction (whether written or oral), other than the representations expressly made in this Agreement or the Confirmation in respect of that Transaction. (2) EVALUATION AND UNDERSTANDING. (i) BSFP is acting for its own account and Xxxxx Fargo Bank, N.A., is acting as Trustee on behalf of the Supplemental Interest Trust under the Pooling and Servicing Agreement, and not for its own account. Each Party has made its own independent decisions to enter into this Transaction and as to whether this Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisors as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanations related to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. It has not received from the other party any assurance or guarantee as to the expected results of this Transaction. (ii) It is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of this Transaction. It is also capable of assuming, and assumes, the financial and other risks of this Transaction. (iii) The other party is not acting as an agent or fiduciary or an advisor for it in respect of this Transaction. (3) PURPOSE. It is an "eligible swap participant" as such term is defined in Section 35.1(b)(2) of the regulations (17 C.F.R 35) promulgated under, and an "eligible contract participant" as defined in Section 1(a)(12) of, the Commodity Exchange Act, as amended, and it is entering into the Transaction for the purposes of managing its borrowings or investments, hedging its underlying assets or liabilities or in connection with a line of business." 9) Pooling and Servicing Agreement. BSFP hereby agrees that, notwithstanding any provision of this agreement to the contrary, Counterparty's obligations to pay any amounts owing under this Agreement shall be subject to the Pooling and Servicing Agreement and BSFPS's right to receive payment of such amounts shall be subject to the Pooling and Servicing Agreement. 10) TRUSTEE CAPACITY. Supplemental Interest Trust Trustee Liability Limitations. It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by Xxxxx Fargo Bank, N.A. ("Xxxxx"), not individually or personally but solely as trustee on behalf of the Supplemental Interest Trust, (b) each of the representations, undertakings and agreements herein made on the part of the Counterparty is made and intended not as personal representations, undertakings and agreements by Xxxxx but is made and intended for the purpose of binding only the Counterparty, (c) nothing herein contained shall be construed as creating any liability on Xxxxx, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto; provided that nothing in this paragraph shall relieve Xxxxx from performing its duties and obligations under the Pooling and Servicing Agreement in accordance with the standard of care set forth therein, (d) under no circumstances shall Xxxxx be personally liable for the payment of any indebtedness or expenses of the Counterparty or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Counterparty under this Agreement or any other related documents, other than due to its gross negligence or willful misconduct in performing the obligations of the Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement, (e) any resignation or removal of Xxxxx as trustee on behalf of the Supplemental Interest Trust shall require the assignment of this agreement to Xxxxx'x replacement, and (f) Xxxxx has been directed, pursuant to the Pooling and Servicing Agreement, to enter into this Agreement and to perform its obligations hereunder. 11) PROCEEDINGS. BSFP shall not institute against or cause any other person to institute against, or join any other person in instituting against, Mortgage Asset Securitization Transactions, Inc. or MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Series 2006-HE1, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any federal or state bankruptcy, dissolution or similar law, for a period of one year and one day (or, if longer, the applicable preference period) following indefeasible payment in full of the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, Series 2006-HE1. 12) SET-OFF. Notwithstanding any provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between it and the other party hereunder against any obligation between it and the other party under any other agreements. The provisions for Set-off set forth in Section 6(e) of the Agreement shall not apply for purposes of this Transaction. 13) THIRD PARTY BENEFICIARY. Not Applicable. 14) ADDITIONAL TERMINATION EVENTS. The following Additional Termination Events will apply: (i) If a Rating Agency Downgrade has occurred and BSFP has not complied with Section 16 below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such an Additional Termination Event. (ii) If the Trustee is unable to pay its Class A Certificates or fails or admits in writing its inability to pay its Class A Certificates as they become due, then an Additional Termination Event shall have occurred with respect to Counterparty and Counterparty shall be the sole Affected Party with respect to such Additional Termination Event. (iii) If, at any time, the Majority Class CE Certificateholder or the Master Servicer purchases the Mortgage Loans pursuant to Section 9.01 of the Pooling and Servicing Agreement, then an Additional Termination Event shall have occurred with respect to Counterparty and Counterparty shall be the sole Affected Party with respect to such Additional Termination Event; provided, however, that notwithstanding the provisions of section 6(b)(iv) of the ISDA Form Master Agreement, either BSFP or Counterparty may designate an Early Termination Date (such date shall not be prior to the final Distribution Date under the Pooling and Servicing Agreement) in respect of this Additional Termination Event. (iv) If, upon the occurrence of a Swap Disclosure Event (as defined in Section 17 below) BSFP has not, within ten (10) days after such Swap Disclosure Event complied with any of the provisions set forth in Section 17 below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such Additional Termination Event. 15) AMENDMENT TO THE ISDA FORM. The "FAILURE TO PAY OR DELIVER" provision in Section 5(a)(i) is hereby amended by deleting the word "third" in the third line thereof and inserting the word "second" in place thereof. 16) RATING AGENCY DOWNGRADE. In the event that BSFP's long-term unsecured and unsubordinated debt rating is reduced below "AA-" by S&P or its long-term unsecured and unsubordinated debt rating is withdrawn or reduced below "Aa3" by Xxxxx'x (and together with S&P, the "Swap Rating Agencies", and such rating thresholds, "Approved Rating Thresholds"), then within 30 days after such rating withdrawal or downgrade (unless, within 30 days after such withdrawal or downgrade, each such Swap Rating Agency, as applicable, has reconfirmed the rating of the Certificates, which was in effect immediately prior to such withdrawal or downgrade), BSFP shall, at its own expense, subject to the Rating Agency Condition, either (i) seek another entity to replace BSFP as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement or (ii) obtain a guaranty of, or a contingent agreement of another person with the Approved Rating Thresholds, to honor, BSFP's obligations under this Agreement. BSFP's failure to do any of the foregoing shall, at the Counterparty's option, constitute an Additional Termination Event with BSFP as the Affected Party. In the event that BSFP's long-term unsecured and unsubordinated debt rating is withdrawn or reduced below "BBB-" by S&P, then within 10 Business Days after such rating withdrawal or downgrade, BSFP shall, subject to the Rating Agency Condition and at its own expense, either (i) secure another entity to replace BSFP as party to this Agreement that meets or exceeds the Approved Rating Thresholds on terms substantially similar to this Agreement or (ii) obtain a guaranty of, or a contingent agreement of another person with the Approved Rating Thresholds, to honor, BSFP's obligations under this Agreement. For purposes of this provision, "Rating Agency Condition" means, with respect to any particular proposed act or omission to act hereunder that the party acting or failing to act must consult with each of the Swap Rating Agencies then providing a rating of the Certificates and receive from each of the Swap Rating Agencies a prior written confirmation that the proposed action or inaction would not cause a downgrade or withdrawal of the then-current rating of the Certificates. 17) COMPLIANCE WITH REGULATION AB. (i) BSFP agrees and acknowledges that Mortgage Asset Securitization Transactions, Inc. ("MASTR") is required under Regulation AB under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the "Exchange Act") ("Regulation AB"), to disclose certain financial information regarding BSFP or its group of affiliated entities, if applicable, depending on the aggregate "significance percentage" of this Agreement and any other derivative contracts between BSFP or its group of affiliated entities, if applicable, and Counterparty, as calculated from time to time in accordance with Item 1115 of Regulation AB. (ii) It shall be a swap disclosure event ("Swap Disclosure Event") if, on any Business Day after the date hereof, MASTR requests from BSFP the applicable financial information described in Item 1115 of Regulation AB (such request to be based on a reasonable determination by MASTR, in good faith, that such information is required under Regulation AB) (the "Swap Financial Disclosure"). (iii) Upon the occurrence of a Swap Disclosure Event, BSFP, at its own expense, shall (a) provide to MASTR the Swap Financial Disclosure, (b) secure another entity to replace BSFP as party to this Agreement on terms substantially similar to this Agreement and subject to prior notification to the Swap Rating Agencies, which entity (or a guarantor therefor) meets or exceeds the Approved Rating Thresholds and which satisfies the Rating Agency Condition and which entity is able to comply with the requirements of Item 1115 of Regulation AB or (c) obtain a guaranty of BSFP's obligations under this Agreement from an affiliate of BSFP, which satisfies the Rating Agency Condition, that is able to comply with the financial information disclosure requirements of Item 1115 of Regulation AB, such that disclosure provided in respect of the affiliate will satisfy any disclosure requirements applicable to the Swap Provider, and cause such affiliate to provide Swap Financial Disclosure. If permitted by Regulation AB, any required Swap Financial Disclosure may be provided by incorporation by reference from reports filed pursuant to the Exchange Act. (iv) BSFP agrees that, in the event that BSFP provides Swap Financial Disclosure to MASTR in accordance with clause (iii)(a) of paragraph 17 or causes its affiliate to provide Swap Financial Disclosure to MASTR in accordance with clause (iii)(c) of paragraph 17, it will indemnify and hold harmless MASTR, its respective directors or officers and any person controlling MASTR, from and against any and all losses, claims, damages and liabilities caused by any untrue statement or alleged untrue statement of a material fact contained in such Swap Financial Disclosure or caused by any omission or alleged omission to state in such Swap Financial Disclosure a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. 18) TRANSFER, AMENDMENT AND ASSIGNMENT. No transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless each of S&P and Xxxxx'x has been provided prior notice of the same and each of S&P and Xxxxx'x confirms in writing (including by facsimile transmission) that it will not downgrade, qualify, withdraw or otherwise modify its then-current rating of the Certificates. 19) NON-RECOURSE. Notwithstanding any provision herein or in the ISDA Form Master Agreement to the contrary, the obligations of Counterparty hereunder are limited recourse obligations of Counterparty, payable solely from the Swap Account and the proceeds thereof, in accordance with the terms of the Pooling and Servicing Agreement. In the event that the Swap Account and proceeds thereof should be insufficient to satisfy all claims outstanding and following the realization of the Swap Account and the proceeds thereof, any claims against or obligations of Counterparty under the ISDA Form Master Agreement or any other confirmation thereunder still outstanding shall be extinguished and thereafter not revive. The Supplemental Interest Trust Trustee shall not have liability for any failure or delay in making a payment hereunder to BSFP due to any failure or delay in receiving amounts in the Swap Account from the Trust created pursuant to the Pooling and Servicing Agreement. NEITHER THE BEAR XXXXXXX COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE BEAR XXXXXXX COMPANIES INC. OTHER THAN BSFP IS AN OBLIGOR OR A CREDIT SUPPORT PROVIDER ON THIS AGREEMENT. 5. Account Details and Settlement Information: PAYMENTS TO BSFP: Citibank, N.A., New York ABA Number: 000-0000-00, for the account of Bear, Xxxxxxx Securities Corp. Account Number: 0925-3186, for further credit to Bear Xxxxxxx Financial Products Inc. Sub-account Number: 102-04654-1-3 Attention: Derivatives Department PAYMENTS TO COUNTERPARTY: Xxxxx Fargo Bank, N.A. San Francisco, CA ABA Number: 000-000-000 Account Number: 0000000000 Account Name: Corporate Trust Clearing FFC: 50895401 This Agreement may be executed in several counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Counterparty hereby agrees to check this Confirmation and to confirm that the foregoing correctly sets forth the terms of the Transaction by signing in the space provided below and returning to BSFP a facsimile of the fully-executed Confirmation to 000-000-0000. For inquiries regarding U.S. Transactions, please contact XXXXX XXXXXX by telephone at 000-000-0000. For all other inquiries please contact DERIVATIVES DOCUMENTATION by telephone at 000-0-000-0000. Originals will be provided for your execution upon your request. We are very pleased to have executed this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, BEAR XXXXXXX FINANCIAL PRODUCTS INC. By: ___________________________________ Name: Title: Counterparty, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. XXXXX FARGO BANK, N.A., NOT INDIVIDUALLY, BUT SOLELY AS TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST TRUST FOR THE MASTR ASSET BACKED SECURITIES TRUST 2006-HE1, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-HE1 By: ___________________________________ Name: Title: lm SCHEDULE I (all such dates subject to adjustment in accordance with the Business Day Convention) NOTIONAL AMOUNT FROM AND INCLUDING TO BUT EXCLUDING (USD) ------------------ ---------------- --------------- Effective Date 3/25/2006 2,096,944.00 3/25/2006 4/25/2006 2,069,384.00 4/25/2006 5/25/2006 2,034,908.00 5/25/2006 6/25/2006 1,993,480.00 6/25/2006 7/25/2006 1,945,272.00 7/25/2006 8/25/2006 1,890,380.00 8/25/2006 9/25/2006 1,829,100.00 9/25/2006 10/25/2006 1,761,656.00 10/25/2006 11/25/2006 1,688,384.00 11/25/2006 12/25/2006 1,609,084.00 12/25/2006 1/25/2007 1,533,540.00 1/25/2007 2/25/2007 1,461,580.00 2/25/2007 3/25/2007 1,393,028.00 3/25/2007 4/25/2007 1,327,724.00 4/25/2007 5/25/2007 1,265,516.00 5/25/2007 6/25/2007 1,206,276.00 6/25/2007 7/25/2007 1,149,840.00 7/25/2007 8/25/2007 1,096,268.00 8/25/2007 9/25/2007 1,045,788.00 9/25/2007 10/25/2007 1,001,344.00 10/25/2007 11/25/2007 905,008.00 11/25/2007 12/25/2007 818,744.00 12/25/2007 1/25/2008 741,512.00 1/25/2008 2/25/2008 672,032.00 2/25/2008 3/25/2008 608,056.00 3/25/2008 4/25/2008 575,016.00 4/25/2008 5/25/2008 543,840.00 5/25/2008 6/25/2008 514,420.00 6/25/2008 7/25/2008 486,712.00 7/25/2008 8/25/2008 460,560.00 8/25/2008 9/25/2008 435,868.00 9/25/2008 10/25/2008 412,552.00 10/25/2008 11/25/2008 390,544.00 11/25/2008 12/25/2008 159,204.00 12/25/2008 1/25/2009 153,160.00 1/25/2009 2/25/2009 147,592.00 2/25/2009 3/25/2009 142,232.00 3/25/2009 4/25/2009 137,068.00 4/25/2009 5/25/2009 132,092.00 5/25/2009 6/25/2009 127,296.00 6/25/2009 7/25/2009 122,680.00 7/25/2009 8/25/2009 118,232.00 8/25/2009 Termination Date 113,944.00 ASSIGNMENT AGREEMENT UBS AG has entered into the transaction listed on Attachment 1 hereto with Reference Number 37208681 (the "Old Transaction") with UBS Real Estate Securities, Inc. ("UBS Real Estate"). For valuable consideration, receipt of which is hereby acknowledged, UBS Real Estate hereby assigns, transfers and sets over effective February 27, 2006 unto Mortgage Asset Securitization Transactions Inc. ("MASTR"), without recourse all of its rights, title and interest in and to the Old Transaction and UBS Real Estate hereby gives MASTR and its assigns full power and authority for its or their own uses and benefit, but at its or their own cost, to demand, collect, receive and give acquittance for the same or any part thereof, and to prosecute or withdraw any suits or proceedings therefore. UBS AG hereby consents to the assignment of the Old Transaction to MASTR as herein provided. Upon the effectiveness of such assignment, for valuable consideration, receipt of which is hereby acknowledged, MASTR hereby assigns, transfers and sets over effective February 27, 2006 unto Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass Through Certificates, Series 2006-HE1 (the "Trust") without recourse, all of its rights, title and interest in and to the Old Transaction (as so assigned and transferred, referenced by UBS AG as a new transaction with Reference Number 37302515, as listed on Attachment 2 hereto and referred to as the "New Transaction") and MASTR hereby gives the Trust and its assigns full power and authority for its or their own uses and benefit, but at its or their own cost, to demand, collect, receive and give acquittance for the same or any part of thereof, and to prosecute or withdraw any suits or proceedings therefor. UBS AG hereby consents to the assignment of the New Transaction to the Trust as herein provided, with the understanding that the provisions labeled "Additional Provisions" in the confirmation relating to the New Transaction shall become effective upon the assignment to the Trust. Each party hereby represents and warrants to the other that the execution, delivery and performance of this Assignment Agreement by it are within its powers, and have been duly authorized by all necessary corporate or other action and that this Assignment Agreement constitutes its legal, valid and binding obligation. This Assignment Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York without regards to the conflict of law provisions thereof, other than New York General Obligations Law Section 5-1401 and 5-1402. IN WITNESS WHEREOF, the parties have duly executed this Assignment Agreement as of the date first written above. UBS AG UBS REAL ESTATE SECURITIES, INC. By: Name: Xxxxxxxx Xxxx Title:Director By: ___________________________________ NAME: By: Name: Xxxxxxxx XxXxxxxx Title:Associate Director By: __________________________________ NAME: MORTAGE ASSET SECURITIZATION Xxxxx Fargo Bank, N.A., not TRANSACTIONS INC. individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass Through Certificates, Series 2006-HE1 By:_________________________________ By: __________________________________ NAME: NAME: Title: Title: By:_________________________________ NAME: TITLE: ATTACHMENT 1 [UBS LOGO] [UBS LETTERHEAD] Date: 27 February 2006 To: UBS Real Estate Securities, Inc. ("Counterparty") Attn: Swaps Administration From: UBS AG, London Branch ("UBS AG") Subject: Interest Rate Swap Transaction UBS AG REF: 37208681 Dear Sirs, The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a "Confirmation" as referred to in the Master Agreement or Agreement specified below. The definitions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between any of the definitions listed above and this Confirmation, this Confirmation will govern. If you and we are parties to a master agreement that governs transactions of this type (whether in the form of the ISDA Master Agreement (Multicurrency-Cross Border)(the "ISDA Form") or any other form (a "Master Agreement"), then this Confirmation will supplement, form a part of, and be subject to that Master Agreement. If you and we are not parties to such a Master Agreement, then you and we agree to use all reasonable efforts promptly to negotiate, execute and deliver an agreement in the form of the ISDA Form, with such modifications as you and we will in good faith agree. Upon the execution by you and us of such an agreement, this Confirmation will supplement, form a part of and be subject to and governed by that agreement, except as expressly modified below. Until we execute and deliver that agreement, this Confirmation, together with all other documents referring to the ISDA Form (each a "Confirmation") confirming transactions (each a "Transaction") entered into between us (notwithstanding anything to the contrary in a confirmation), shall supplement, form a part of, and be subject to an agreement in the form of the ISDA Form as if we had executed an agreement in such form (but without any Schedule except for the election of the laws of England as the Governing Law and U.S. Dollars as the Termination Currency) on the Trade Date of the first Transaction between us (hereinafter the "Agreement"). In the event of any inconsistency between the provisions of any such Agreement and this Confirmation, this Confirmation will prevail for the purposes of this Transaction. The terms of the particular Swap Transaction to which this Confirmation relates are as follows: GENERAL TERMS Trade Date: 27 February 2006 Effective Date: 27 February 2006 Termination Date: 25 September 2008 Calculation Agent: UBS AG, unless otherwise stated in the Schedule to the Master Agreement. Business Days: New York Calculation Amount: Initially USD 135,996,000.00, amortizing as per Amortizing Schedule below Broker: None AMORTIZATION SCHEDULE PERIOD FROM PERIOD TO CALCULATION AMOUNT (USD) -------------------------------------------------------------------------------- Effective Date 25-Mar-06 135,996,000.00 25-Mar-06 25-Apr-06 132,822,000.00 25-Apr-06 25-May-06 129,199,000.00 25-May-06 25-Jun-06 125,163,000.00 25-Jun-06 25-Jul-06 120,713,000.00 25-Jul-06 25-Aug-06 115,899,000.00 25-Aug-06 25-Sep-06 110,737,000.00 25-Sep-06 25-Oct-06 105,334,000.00 25-Oct-06 25-Nov-06 99,990,000.00 25-Nov-06 25-Dec-06 95,466,000.00 25-Dec-06 25-Jan-07 91,149,000.00 25-Jan-07 25-Feb-07 87,031,000.00 25-Feb-07 25-Mar-07 83,098,000.00 25-Mar-07 25-Apr-07 79,336,000.00 25-Apr-07 25-May-07 75,747,000.00 25-May-07 25-Jun-07 72,320,000.00 25-Jun-07 25-Jul-07 69,022,000.00 25-Jul-07 25-Aug-07 65,516,000.00 25-Aug-07 25-Sep-07 60,470,000.00 25-Sep-07 25-Oct-07 51,664,000.00 25-Oct-07 25-Nov-07 47,398,000.00 25-Nov-07 25-Dec-07 43,559,000.00 25-Dec-07 25-Jan-08 40,249,000.00 25-Jan-08 25-Feb-08 38,040,000.00 25-Feb-08 25-Mar-08 37,886,000.00 25-Mar-08 25-Apr-08 35,978,000.00 25-Apr-08 25-May-08 34,177,000.00 25-May-08 25-Jun-08 32,474,000.00 25-Jun-08 25-Jul-08 30,851,000.00 25-Jul-08 25-Aug-08 29,314,000.00 25-Aug-08 Termination Date 27,858,000.00 With respect to the Floating Rate Payer Calculation Periods, the dates in the above schedule with the exception of the Effective Date will be subject to adjustment in accordance with the Modified Following Business Day Convention. With respect to the Fixed Rate Payer Calculation Periods, the dates in the above schedule will be subject to No Adjustment. FIXED AMOUNTS Fixed Rate Payer: Counterparty Fixed Rate: 4.651 per cent per annum Fixed Rate Day Count Fraction: 30/360 Fixed Rate Payer Payment Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 March 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period Business Day Convention: Modified Following FLOATING AMOUNTS Floating Rate Payer: UBS AG Floating Rate Option: USD-LIBOR-BBA Designated Maturity: One month Floating Rate Day Count Fraction: Actual/360 Spread: None Floating Rate Payer Period End Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 March 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. Reset Dates: First day of each Calculation Period Business Day Convention: Modified Following Compounding: Inapplicable RELATIONSHIP BETWEEN PARTIES Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction): (a) Non-Reliance. Each party is acting for its own account, and has made its own independent decisions to enter into this Transaction and this such Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanation relating to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction. (b) Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of this Transaction. Each party is also capable of assuming and assumes, the risks of this Transaction. (c) Status of the Parties. Neither party is acting as a fiduciary for or as an adviser to the other in respect of this Transaction. References in this clause to "a party" shall, in the case of UBS AG, London Branch and where the context so allows, include references to any affiliate of UBS AG, London Branch ACCOUNT DETAILS --------------- Currency: USD Correspondent Bank: UBS AG, XXXXXXXX BRANCH Swift Address: XXXXXX00XXX Favour: UBS AG LONDON BRANCH Swift Address: XXXXXX0XXXX Account No: 101-wa-140007-000 Further Credit To: Swift Address: Account No: OFFICES (a) The office of UBS AG for the Swap Transaction is London; and (b) The office of the Counterparty for the Swap Transaction is LONDON. CONTACT NAMES AT UBS AG Pre Value Payments: Pre Value Payment (00) 00 0000 0000 Investigations: Post Value Payments: Post Value Payment (00) 00 0000 0000 Investigations: Confirmation Queries: Confirmation Control: (00) 00 0000 0000 ISDA Documentation: Credit Risk Management: (00) 00 0000 0000 Swift: UBSWGB2L Fax: (00) 00 0000 0000/2990 Address: UBS AG 000 Xxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing a copy of this Confirmation and returning it to us or by sending to us a letter or facsimile substantially similar to this letter, which letter or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms or by sending to us a return letter or facsimile in the form attached. Yours Faithfully For and on Behalf of UBS AG, London Branch By: By: Name: Xxxxxxxx Xxxx Name: Xxxxxxxx XxXxxxxx Title: Director Title: Associate Director Acknowledged and agreed by UBS Real Estate Securities, Inc. as of the Trade Date specified above: By: By: Name: Name: Title: Title: UBS AG London Branch, 0 Xxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX UBS AG is a member of the London Stock Exchange and is regulated in the UK by the Financial Services Authority. Representatives of UBS Limited introduce trades to UBS AG via UBS Limited ATTACHMENT 2 [UBS LOGO] [UBS LETTERHEAD] Date: 27 February 2006 To: Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass Through Certificates, Series 2006-HE1 ("Counterparty") Attn: Client Manager, MABS 2006-HE1 Fax No: 000-000-0000 From: UBS AG, London Branch ("UBS AG") Subject: Interest Rate Swap Transaction UBS AG REF: 37302515 Dear Sirs, The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a "Confirmation" as referred to in the Master Agreement or Agreement specified below. The definitions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between any of the definitions listed above and this Confirmation, this Confirmation will govern. This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of 27 February 2006 as amended and supplemented from time to time (the "Agreement"), between Counterparty and UBS AG. All provisions contained in the Agreement govern this Confirmation except as expressly modified below. The terms of the particular Swap Transaction to which this Confirmation relates are as follows: GENERAL TERMS Trade Date: 27 February 2006 Effective Date: 27 February 2006 Termination Date: 25 September 2008 Calculation Agent: UBS AG, unless otherwise stated in the Schedule to the Master Agreement. Business Days: New York Calculation Amount: Initially USD 543,984.00, amortizing as per Amortizing Schedule below Broker: None AMORTIZING SCHEDULE: PERIOD FROM PERIOD TO CALCULATION AMOUNT (USD) -------------------------------------------------------------------------------- Effective Date 25-Mar-06 543,984 25-Mar-06 25-Apr-06 531,288 25-Apr-06 25-May-06 516,796 25-May-06 25-Jun-06 500,652 25-Jun-06 25-Jul-06 482,852 25-Jul-06 25-Aug-06 463,596 25-Aug-06 25-Sep-06 442,948 25-Sep-06 25-Oct-06 421,336 25-Oct-06 25-Nov-06 399,960 25-Nov-06 25-Dec-06 381,864 25-Dec-06 25-Jan-07 364,596 25-Jan-07 25-Feb-07 348,124 25-Feb-07 25-Mar-07 332,392 25-Mar-07 25-Apr-07 317,344 25-Apr-07 25-May-07 302,988 25-May-07 25-Jun-07 289,280 25-Jun-07 25-Jul-07 276,088 25-Jul-07 25-Aug-07 262,064 25-Aug-07 25-Sep-07 241,880 25-Sep-07 25-Oct-07 206,656 25-Oct-07 25-Nov-07 189,592 25-Nov-07 25-Dec-07 174,236 25-Dec-07 25-Jan-08 160,996 25-Jan-08 25-Feb-08 152,160 25-Feb-08 25-Mar-08 151,544 25-Mar-08 25-Apr-08 143,912 25-Apr-08 25-May-08 136,708 25-May-08 25-Jun-08 129,896 25-Jun-08 25-Jul-08 123,404 25-Jul-08 25-Aug-08 117,256 25-Aug-08 Termination Date 111,432 With respect to the Floating Rate Payer Calculation Periods, the dates in the above schedule with the exception of the Effective Date will be subject to adjustment in accordance with the Modified Following Business Day Convention. With respect to the Fixed Rate Payer Calculation Periods, the dates in the above schedule will be subject to No Adjustment. FIXED AMOUNTS Fixed Rate Payer: Counterparty Fixed Amount: To be determined in accordance with the following formula: 250 * Fixed Rate * Calculation Amount * Fixed Rate Day Count Fraction Fixed Rate: 4.651 per cent per annum Fixed Rate Day Count Fraction: 30/360 Fixed Rate Payer Payment Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 March 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period Business Day Convention: Modified Following FLOATING AMOUNTS Floating Rate Payer: UBS AG Floating Amount: To be determined in accordance with the following formula: 250 * Floating Rate Option * Calculation Amount * Floating Rate Day Count Fraction Floating Rate Option: USD-LIBOR-BBA Designated Maturity: 1 month Floating Rate Day Count Fraction: Actual/360 Spread: None Floating Rate Payer Period End Dates: 25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 March 2006, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below Floating Rate Payer Payment Dates: Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. Reset Dates: First day of each Calculation Period Business Day Convention: Modified Following Compounding: Inapplicable RELATIONSHIP BETWEEN PARTIES Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction): (a) Non-Reliance. Each party is acting for its own account, and has made its own independent decisions to enter into this Transaction and this such Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanation relating to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction. (b) Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of this Transaction. Each party is also capable of assuming and assumes, the risks of this Transaction. (c) Status of the Parties. Neither party is acting as a fiduciary for or as an adviser to the other in respect of this Transaction. (d) Purpose. It is an "eligible swap participant" as such term is defined in Section 35.1(b)(2) of the regulations (17 C.F.R. 35) promulgated under, and an "eligible contract participant" as defined in Section 1(a)(12) of the Commodity Exchange Act, as amended, and it is entering into the Transaction for the purposes of managing its borrowing or investments, hedging its underlying assets or liabilities or in connection with a line of business. References in this clause to "a party" shall, in the case of UBS AG, London Branch and where the context so allows, include references to any affiliate of UBS AG, London Branch ACCOUNT DETAILS Currency: USD Correspondent Bank: UBS AG, XXXXXXXX BRANCH Swift Address: XXXXXX00XXX Favour: UBS AG LONDON BRANCH Swift Address: XXXXXX0XXXX Account No: 101-wa-140007-000 Further Credit To: Swift Address: Account No: OFFICES (a)The office of UBS AG for the Swap Transaction is London; and (b)The office of the Counterparty for the Swap Transaction is New York CONTACT NAMES AT UBS AG Pre Value Payments: Pre Value Payment 203.719.1110 Investigations: Post Value Payments: Post Value Payment 203.719.1110 Investigations: Confirmation Queries: Confirmation Control: 203.719.3733 ISDA Documentation: Credit Risk Management: 203.719.8184 Swift: UBSWGB2L Fax: (00) 00 0000 0000/2990 Address: UBS AG 000 Xxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX Contact Info: Xxxxx Fargo Bank, N.A. 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, XX 00000-0000 Attn: Client Manager MABS 2006-HE1, or (p) 410.884.2000 (f) 410.715.2380 Wiring Instructions: Xxxxx Fargo Bank, NA San Francisco, CA ABA #: 000-000-000 Acct #: 0000000000 Acct Name: SAS Clearing For Further Credit: Account # 00000000 Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing a copy of this Confirmation and returning it to us or by sending to us a letter or facsimile substantially similar to this letter, which letter or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms or by sending to us a return letter or facsimile in the form attached. Yours Faithfully For and on Behalf of UBS AG, London Branch By: By: Name: Xxxxxxxx Xxxx Name: Xxxxxxxx XxXxxxxx Title: Director Title: Associate Director Acknowledged and agreed by Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Asset Backed Securities Trust 2006-HE1, Mortgage Pass Through Certificates, Series 2006-HE1 as of the Trade Date specified above: By: Name: Title: UBS AG London Branch, 0 Xxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX UBS AG is a member of the London Stock Exchange and is regulated in the UK by the Financial Services Authority. Representatives of UBS Limited introduce trades to UBS AG via UBS Limited EXHIBIT N FORM OF SWAP ADMINISTRATION AGREEMENT This Swap Administration Agreement, dated as of February 27, 2006 (this "Agreement"), among Xxxxx Fargo Bank, N.A. ("Xxxxx Fargo"), as swap administrator ("Swap Administrator") and as trust administrator and supplemental interest trust trustee (in such capacity, the "Trust Administrator" and "Supplemental Interest Trust Trustee") under the Pooling and Servicing Agreement, as hereinafter defined (in such capacity, the "Trustee"), and UBS Real Estate Securities Inc ("UBSRES"). WHEREAS, the Trust Administrator, on behalf of the holders of the MASTR Asset-Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, is counterparty to an Interest Rate Swap Agreement (the "Swap Agreement"), a copy of which is attached hereto as Exhibit A, between the Supplemental Interest Trust Trustee and Bear Xxxxxxx Financial Products Inc. ("BSFP"); WHEREAS, the Trust Administrator, on behalf of the holders of the MASTR Asset-Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates, is counterparty to an Interest Rate Swap Agreement (the "Swap Agreement"), a copy of which is attached hereto as Exhibit B, between the Supplemental Interest Trust Trustee and UBS AG ("UBS AG"); and WHEREAS, it is desirable to irrevocably appoint the Swap Administrator, and the Swap Administrator desires to accept such appointment, to receive and distribute funds payable by BSFP or UBS AG under the related Swap Agreement as provided herein; NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 1. Definitions. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement, dated as of February 1, 2006 (the "Pooling and Servicing Agreement"), among Mortgage Asset Securitization Transactions, Inc., as depositor, Xxxxx Fargo Bank, N.A. as master servicer and trust administrator, Xxxxx Fargo Bank, N.A. as servicer, JPMorgan Chase Bank, National Association as servicer and the Trustee, relating to the MASTR Asset-Backed Securities Trust 2006-HE1, Mortgage Pass-Through Certificates (the "Certificates"), or in the related Indenture, as the case may be, as in effect on the date hereof. 2. Swap Administrator. (a) The Swap Administrator is hereby irrevocably appointed to receive all funds paid to the Supplemental Interest Trust Trustee by BSFP or UBS AG as applicable, or their successors in interest (together the "Swap Providers") under the Swap Agreement (including any Swap Termination Payment) and the Swap Administrator hereby accepts such appointment and hereby agrees to receive such amounts from the Supplemental Interest Trust Trustee and to distribute on each Distribution Date such amounts in the following order of priority: (i) first, to the Trust Administrator for deposit into the Swap Account, an amount equal to the sum of the following amounts remaining outstanding after distribution of the Net Monthly Excess Cashflow: (A) Unpaid Interest Shortfall Amounts, (B) Net WAC Rate Carryover Amounts; (C) an amount necessary to maintain or restore the Overcollateralization Target Amount; and (D) any Allocated Realized Loss Amounts; (ii) second, to UBSRES, any amounts remaining after payment of (i) above, PROVIDED, HOWEVER, upon the issuance of notes by an issuer (the "Trust"), secured by all or a portion of the Class CE Certificates and the Class P Certificates (the "NIM Notes"), UBSRES hereby instructs the Swap Administrator to make any payments under this clause 2(a)(ii) in the following order of priority: (A) to the Indenture Trustee for the Trust, for deposit into the Note Account (each as to defined in the related Indenture), and until satisfaction and discharge of the Indenture, the Floating Amount (as defined in Annex I); and (B) concurrently, to the Holders of the Class CE Certificates, PRO RATA based on the outstanding Notional Amount of each such Certificate; provided, however, that any Swap Termination Payment received by the Swap Administrator shall not be payable to the Holders of the Class CE Certificates pursuant to this clause (ii)(B) without the prior written consent of the NIMS Insurer, if any and the Rating Agencies. The Swap Administrator hereby agrees to apply amounts received by BSFP and UBS AG in the order and priority set forth above, PRO RATA, based on the amounts received by BSFP and UBS AG. (b) The Swap Administrator agrees to hold any amounts received from the Supplemental Interest Trust Trustee in trust upon the terms and conditions and for the exclusive use and benefit of the Trustee, the Trust Administrator, and the Indenture Trustee, as applicable (in turn for the benefit of the Certificateholders, the Noteholders and the NIMS Insurer, if any) as set forth herein. The rights, duties and liabilities of the Swap Administrator in respect of this Agreement shall be as follows: (i) The Swap Administrator shall have the full power and authority to do all things not inconsistent with the provisions of this Agreement that it may deem advisable in order to enforce the provisions hereof. The Swap Administrator shall not be answerable or accountable except for its own bad faith, willful misconduct or negligence. The Swap Administrator shall not be required to take any action to exercise or enforce any of its rights or powers hereunder which, in the opinion of the Swap Administrator, shall be likely to involve expense or liability to the Swap Administrator, unless the Swap Administrator shall have received an agreement satisfactory to it in its sole discretion to indemnify it against such liability and expense. (ii) The Swap Administrator shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of any party hereto or the NIMS Insurer, if any, or otherwise as provided herein, relating to the time, method and place of conducting any proceeding for any remedy available to the Swap Administrator or exercising any right or power conferred upon the Swap Administrator under this Agreement. (iii) The Swap Administrator may perform any duties hereunder either directly or by or through agents or attorneys of the Swap Administrator. The Swap Administrator shall not be liable for the acts or omissions of its agents or attorneys so long as the Swap Administrator chose such Persons with due care. 3. Swap Administration Account. The Swap Administrator shall segregate and hold all funds received from the Supplemental Interest Trust Trustee (including any Swap Termination Payment) separate and apart from any of its own funds and general assets and shall establish and maintain in the name of the Swap Administrator one or more segregated accounts (such account or accounts, the "Swap Account"), held in trust for the benefit of the Trustee, the Trust Administrator, the Indenture Trustee and the parties to this Agreement. All amounts on deposit in the Swap Account shall remain uninvested unless the Swap Administrator receives instructions to the contrary from any party hereto, with the consent of the NIMS Insurer, if any. The Swap Administrator hereby agrees that it holds and shall hold the Swap Account and all amounts deposited therein in trust for the exclusive use and benefit of the Trustee, the Trust Administrator and the Indenture Trustee as their interests may appear. 4. Replacement Swap Agreements. The Supplemental Interest Trust Trustee shall, at the direction of the NIMS Insurer, if any, or, with the consent of the NIMS Insurer, if any, at the direction of UBSRES, enforce all of its rights and exercise any remedies under the Swap Agreements. In the event aSwap Agreement is terminated as a result of the designation by either party thereto of an Early Termination Date (as defined therein), the Trust Administrator shall, at the direction of UBSRES, find a replacement counterparty to enter into a replacement swap agreement. Any Swap Termination Payment received by the Swap Administrator from the Supplemental Interest Trust Trustee shall be deposited in the Swap Account and shall be used to make any upfront payment required under a replacement swap agreement and any upfront payment received from the counterparty to a replacement swap agreement shall be used to pay any Swap Termination Payment owed to the related Swap Provider. 5. Representations and Warranties of Xxxxx Fargo. Xxxxx Fargo represents and warrants as follows: (a) Xxxxx Fargo is duly organized and validly existing as a national banking association under the laws of the United States and has all requisite power and authority to execute and deliver this Agreement, to perform its obligations as Swap Administrator hereunder. (b) The execution, delivery and performance of this Agreement by Xxxxx Fargo as Trust Administrator have been duly authorized in the Pooling and Servicing Agreement. (c) This Agreement has been duly executed and delivered by Xxxxx Fargo as Swap Administrator, Trust Administrator and Supplemental Interest Trust Trustee and is enforceable against Xxxxx Fargo in such capacities in accordance with its terms, except as enforceability may be affected by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, general equitable principles (whether considered in a proceeding in equity or at law). 6. Replacement of Swap Administrator. Any corporation, bank, trust company or association into which the Swap Administrator may be merged or converted or with which it may be consolidated, or any corporation, bank, trust company or association resulting from any merger, conversion or consolidation to which the Swap Administrator shall be a party, or any corporation, bank, trust company or association succeeding to all or substantially all the corporate trust business of the Swap Administrator, shall be the successor of the Swap Administrator hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, except to the extent that assumption of its duties and obligations, as such, is not effected by operation of law. No resignation or removal of the Swap Administrator and no appointment of a successor Swap Administrator shall become effective until the appointment by UBSRES of a successor swap administrator acceptable to the NIMS Insurer, if any. Any successor swap administrator shall execute such documents or instruments necessary or appropriate to vest in and confirm to such successor swap administrator all such rights and powers conferred by this Agreement. The Swap Administrator may resign at any time by giving written notice thereof to the other parties hereto with a copy to the NIMS Insurer, if any. If a successor swap administrator shall not have accepted the appointment hereunder within 30 days after the giving by the resigning Swap Administrator of such notice of resignation, the resigning Swap Administrator may petition any court of competent jurisdiction for the appointment of a successor swap administrator acceptable to the NIMS Insurer, if any. In the event of a resignation or removal of the Swap Administrator, UBSRES shall promptly appoint a successor Swap Administrator acceptable to the NIMS Insurer, if any. If no such appointment has been made within 10 days of the resignation or removal, the NIMS Insurer, if any, may appoint a successor Swap Administrator. 7. Trust Administrator Obligations. Whenever the Supplemental Interest Trust Trustee, as a party to each Swap Agreement, has the option or is requested in such capacity, whether such request is by the counterparty to such agreement, to take any action or to give any consent, approval or waiver that it is entitled to take or give in such capacity, including, without limitation, in connection with an amendment of such agreement or the occurrence of a default or termination event thereunder, the Supplemental Interest Trust Trustee shall promptly notify the parties hereto and the NIMS Insurer, if any, of such request in such detail as is available to it and, shall, on behalf of the parties hereto and the NIMS Insurer, if any, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request as the NIMS Insurer, if any, shall direct in writing; provided that if no such direction is received prior to the date that is established for taking such action or giving such consent, approval or waiver (notice of which date shall be given by the Supplemental Interest Trust Trustee to the parties hereto and the NIMS Insurer, if any), the Supplemental Interest Trust Trustee may abstain from taking such action or giving such consent, approval or waiver. The Supplemental Interest Trust Trustee shall forward to the parties hereto and the NIMS Insurer, if any, on the Payment Date following its receipt thereof copies of any and all notices, statements, reports and/or other material communications and information (collectively, the "Swap Reports") that it receives in connection with the Swap Agreements or from the related counterparty thereto. 8. Miscellaneous. (a) This Agreement shall be governed by and construed in accordance with the laws of the State of New York. (b) Any action or proceeding against any of the parties hereto relating in any way to this Agreement may be brought and enforced in the courts of the State of New York sitting in the borough of Manhattan or of the United States District Court for the Southern District of New York and the Swap Administrator irrevocably submits to the jurisdiction of each such court in respect of any such action or proceeding. The Swap Administrator waives, to the fullest extent permitted by law, any right to remove any such action or proceeding by reason of improper venue or inconvenient forum. (c) This Agreement may be amended, supplemented or modified in writing by the parties hereto, but only with the consent of the NIMS Insurer, if any. (d) This Agreement may not be assigned or transferred without the prior written consent of the NIMS Insurer, if any; provided, however, the parties hereto acknowledge and agree to the assignment of the rights of UBSRES as provided under this Agreement pursuant to the Sale Agreement, the Trust Agreement and the Indenture. (e) This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile transmission), and all such counterparts taken together shall be deemed to constitute one and the same instrument. (f) Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. (g) The representations and warranties made by the parties to this Agreement shall survive the execution and delivery of this Agreement. No act or omission on the part of any party hereto shall constitute a waiver of any such representation or warranty. (h) The article and section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof. (i) The representations and warranties made by the parties to this Agreement shall survive the execution and delivery of this Agreement. No act or omission on the part of any party hereto shall constitute a waiver of any such representation or warranty. 9. Third-Party Beneficiary. Each of the Note Insurer, the Backup Note Insurer and the Indenture Trustee, if any, shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto, and shall have the right to enforce the provisions of this Agreement. 10. Swap Administrator and Trust Administrator Rights. The Swap Administrator shall be entitled to the same rights, protections and indemnities afforded to the Trust Administrator under the Pooling and Servicing Agreement and the Indenture Trustee under the Indenture, in each case, as if specifically set forth herein with respect to the Swap Administrator. The Trust Administrator and the Supplemental Interest Trust Trustee shall be entitled to the same rights, protections and indemnities afforded to the Trust Administrator under the Pooling and Servicing Agreement as if specifically set forth herein with respect to the Trust Administrator. 11. Limited Recourse. It is expressly understood and agreed by the parties hereto that this Agreement is executed and delivered by the Trust Administrator, not in its individual capacity but solely as trust administrator under the Pooling and Servicing Agreement. Notwithstanding any other provisions of this Agreement, the obligations of the Trust Administrator under this Agreement are non-recourse to the Trust Administrator, its assets and its property, and shall be payable solely from the assets of the Trust Fund, and following realization of such assets, any claims of any party hereto shall be extinguished and shall not thereafter be reinstated. No recourse shall be had against any principal, director, officer, employee, beneficiary, shareholder, partner, member, trustee, agent or affiliate of the Trust Administrator or any person owning, directly or indirectly, any legal or beneficial interest in the Trust Administrator, or any successors or assigns of any of the foregoing (the "Exculpated Parties") for the payment of any amount payable under this Agreement. The parties hereto shall not enforce the liability and obligations of the Trust Administrator to perform and observe the obligations contained in this Agreement by any action or proceeding wherein a money judgment establishing any personal liability shall be sought against the Trust Administrator, subject to the following sentence, or the Exculpated Parties. The agreements in this paragraph shall survive termination of this Agreement and the performance of all obligations hereunder. IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the day and year first above written. XXXXX FARGO BANK, N.A. as Swap Administrator By: ____________________________________ Name: Title: XXXXX FARGO BANK, N.A. not in its individual capacity but solely as Trust Administrator and Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement By: ____________________________________ Name: Title: UBS REAL ESTATE SECURITIES INC. By: ____________________________________ Name: Title: By: ____________________________________ Name: Title: EXHIBIT A SWAP AGREEMENT ANNEX I The amounts paid under clause 2(a)(ii) of the Swap Administration Agreement shall be calculated as follows: FLOATING AMOUNT: Floating Rate Payer: BSFP Cap Rate: 15.00% Floating Amount To be determined in accordance with the following formula: The product of: (i) 250; (ii) the Cap Rate, (iii) the Notional Amount; and (iv) the Floating Rate Day Count Fraction; PROVIDED, HOWEVER, the Swap Administrator will only be obligated to pay the Floating Amount up to the amount remaining after payments are made under clause 2(a)(i) of the Swap Administration Agreement. The Floating Amount shall be paid to the Indenture Trustee for payment in accordance with Section 2.09(e) of the Indenture. Floating Rate Day Count Fraction: Actual/360. Notional Amount: The amount set forth for such period in the Amortization Schedule A. SCHEDULE A TO ANNEX I INTEREST RATE SWAP SCHEDULE BASE CALCULATION DISTRIBUTION DATE AMOUNT ----------------- ----------------- 3/25/2006 2,096,944.00 4/25/2006 2,069,384.00 5/25/2006 2,034,908.00 6/25/2006 1,993,480.00 7/25/2006 1,945,272.00 8/25/2006 1,890,380.00 9/25/2006 1,829,100.00 10/25/2006 1,761,656.00 11/25/2006 1,688,384.00 12/25/2006 1,609,084.00 1/25/2007 1,533,540.00 2/25/2007 1,461,580.00 3/25/2007 1,393,028.00 4/25/2007 1,327,724.00 5/25/2007 1,265,516.00 6/25/2007 1,206,276.00 7/25/2007 1,149,840.00 8/25/2007 1,096,268.00 9/25/2007 1,045,788.00 10/25/2007 1,001,344.00 11/25/2007 905,008.00 12/25/2007 818,744.00 1/25/2008 741,512.00 2/25/2008 672,032.00 3/25/2008 608,056.00 4/25/2008 575,016.00 5/25/2008 543,840.00 6/25/2008 514,420.00 7/25/2008 486,712.00 8/25/2008 460,560.00 9/25/2008 435,868.00 10/25/2008 412,552.00 11/25/2008 390,544.00 12/25/2008 159,204.00 1/25/2009 153,160.00 2/25/2009 147,592.00 3/25/2009 142,232.00 4/25/2009 137,068.00 5/25/2009 132,092.00 6/25/2009 127,296.00 7/25/2009 122,680.00 8/25/2009 118,232.00 Termination Date 113,944.00 EXHIBIT B SWAP AGREEMENT ANNEX II The amounts paid under clause 2(a)(ii) of the Swap Administration Agreement shall be calculated as follows: FLOATING AMOUNT: Floating Rate Payer: UBS AG Cap Rate: 15.00% Floating Amount To be determined in accordance with the following formula: The product of: (i) 250; (ii) the Cap Rate, (iii) the Notional Amount; and (iv) the Floating Rate Day Count Fraction; PROVIDED, HOWEVER, the Swap Administrator will only be obligated to pay the Floating Amount up to the amount remaining after payments are made under clause 2(a)(i) of the Swap Administration Agreement. The Floating Amount shall be paid to the Indenture Trustee for payment in accordance with Section 2.09(e) of the Indenture. Floating Rate Day Count Fraction: Actual/360. Notional Amount: The amount set forth for such period in the Amortization Schedule A. SCHEDULE A TO ANNEX II INTEREST RATE SWAP SCHEDULE BASE CALCULATION DISTRIBUTION DATE AMOUNT ----------------- ----------------- March 25, 2006 543,984.00 April 25, 2006 531,288.00 May 25, 2006 516,796.00 June 25, 2006 500,652.00 July 25, 2006 482,852.00 August 25, 2006 463,596.00 September 25, 2006 442,948.00 October 25, 2006 421,336.00 November 25, 2006 399,960.00 December 25, 2006 381,864.00 January 25, 2007 364,596.00 February 25, 2007 348,124.00 March 25, 2007 332,392.00 April 25, 2007 317,344.00 May 25, 2007 302,988.00 June 25, 2007 289,280.00 July 25, 2007 276,088.00 August 25, 2007 262,064.00 September 25, 2007 241,880.00 October 25, 2007 206,656.00 November 25, 2007 189,592.00 December 25, 2007 174,236.00 January 25, 2008 160,996.00 February 25, 2008 152,160.00 March 25, 2008 151,544.00 April 25, 2008 143,912.00 May 25, 2008 136,708.00 June 25, 2008 129,896.00 July 25, 2008 123,404.00 August 25, 2008 117,256.00 September 25, 2008 111,432.00 EXHIBIT O SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE Definitions Primary Servicer - transaction party having borrower contact Master Servicer - aggregator of pool assets Trust Administrator - waterfall calculator (may be the Trustee, or may be the Master Servicer) Back-up Servicer - named in the transaction (in the event a Back up Servicer becomes the Primary Servicer, follow Primary Servicer obligations) Custodian - safe keeper of pool assets Paying Agent - distributor of funds to ultimate investor Trustee - fiduciary of the transaction Note: The definitions above describe the essential function that the party performs, rather than the party's title. So, for example, in a particular transaction, the trustee may perform the "paying agent" and "securities administrator" functions, while in another transaction, the securities administrator may perform these functions. Where there are multiple checks for criteria the attesting party will identify in their management assertion that they are attesting only to the portion of the distribution chain they are responsible for in the related transaction agreements. KEY: X - OBLIGATION [X] - UNDER CONSIDERATION FOR OBLIGATION ------------------- ------------------------------------------- ------------ ----------- ---------------- XXXXX REG AB REFERENCE SERVICING CRITERIA SERVICER FARGO CUSTODIAN ------------------- ------------------------------------------- ------------ ----------- ---------------- GENERAL SERVICING CONSIDERATIONS ------------------- ------------------------------------------- ------------ ----------- ---------------- 1122(d)(1)(i) Policies and procedures are instituted to X X monitor any performance or other triggers and events of default in accordance with the transaction agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- If any material servicing activities are X X outsourced to third parties, policies and procedures are instituted to monitor the third party's performance and compliance 1122(d)(1)(ii) with such servicing activities. ------------------- ------------------------------------------- ------------ ----------- ---------------- Any requirements in the transaction agreements to maintain a back-up servicer 1122(d)(1)(iii) for the Pool Assets are maintained. ------------------- ------------------------------------------- ------------ ----------- ---------------- A fidelity bond and errors and omissions X X policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of 1122(d)(1)(iv) the transaction agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- CASH COLLECTION AND ADMINISTRATION ------------------- ------------------------------------------- ------------ ----------- ---------------- Payments on pool assets are deposited X X into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction 1122(d)(2)(i) agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Disbursements made via wire transfer on X X behalf of an obligor or to an investor 1122(d)(2)(ii) are made only by authorized personnel. ------------------- ------------------------------------------- ------------ ----------- ---------------- Advances of funds or guarantees regarding X X collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction 1122(d)(2)(iii) agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- The related accounts for the transaction, X X such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the 1122(d)(2)(iv) transaction agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Each custodial account is maintained at a X X federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, "federally insured depository institution" with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the 1122(d)(2)(v) Securities Exchange Act. ------------------- ------------------------------------------- ------------ ----------- ---------------- Unissued checks are safeguarded so as to X X 1122(d)(2)(vi) prevent unauthorized access. ------------------- ------------------------------------------- ------------ ----------- ---------------- Reconciliations are prepared on a monthly X X basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the 1122(d)(2)(vii) transaction agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- INVESTOR REMITTANCES AND REPORTING ------------------- ------------------------------------------- ------------ ----------- ---------------- Reports to investors, including those to X X be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors' or the trustee's records as to the total unpaid principal balance and number of Pool 1122(d)(3)(i) Assets serviced by the Servicer. ------------------- ------------------------------------------- ------------ ----------- ---------------- Amounts due to investors are allocated X X and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction 1122(d)(3)(ii) agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Disbursements made to an investor are X X posted within two business days to the Servicer's investor records, or such other number of days specified in the 1122(d)(3)(iii) transaction agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Amounts remitted to investors per the X X investor reports agree with cancelled checks, or other form of payment, or 1122(d)(3)(iv) custodial bank statements. ------------------- ------------------------------------------- ------------ ----------- ---------------- POOL ASSET ADMINISTRATION ------------------- ------------------------------------------- ------------ ----------- ---------------- Collateral or security on pool assets is X X maintained as required by the transaction agreements or related pool asset 1122(d)(4)(i) documents. ------------------- ------------------------------------------- ------------ ----------- ---------------- Pool assets and related documents are X X safeguarded as required by the 1122(d)(4)(ii) transaction agreements ------------------- ------------------------------------------- ------------ ----------- ---------------- Any additions, removals or substitutions X to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction 1122(d)(4)(iii) agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Payments on pool assets, including any X payoffs, made in accordance with the related pool asset documents are posted to the Servicer's obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset 1122(d)(4)(iv) documents. ------------------- ------------------------------------------- ------------ ----------- ---------------- The Servicer's records regarding the pool X assets agree with the Servicer's records with respect to an obligor's unpaid 1122(d)(4)(v) principal balance. ------------------- ------------------------------------------- ------------ ----------- ---------------- Changes with respect to the terms or X status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool 1122(d)(4)(vi) asset documents. ------------------- ------------------------------------------- ------------ ----------- ---------------- Loss mitigation or recovery actions X (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction 1122(d)(4)(vii) agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Records documenting collection efforts X are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity's activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., 1122(d)(4)(viii) illness or unemployment). ------------------- ------------------------------------------- ------------ ----------- ---------------- Adjustments to interest rates or rates of X return for pool assets with variable rates are computed based on the related pool 1122(d)(4)(ix) asset documents. ------------------- ------------------------------------------- ------------ ----------- ---------------- Regarding any funds held in trust for an X obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor's pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction 1122(d)(4)(x) agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Payments made on behalf of an obligor X (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in 1122(d)(4)(xi) the transaction agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Any late payment penalties in connection X with any payment to be made on behalf of an obligor are paid from the Servicer's funds and not charged to the obligor, unless the late payment was due to the 1122(d)(4)(xii) obligor's error or omission. ------------------- ------------------------------------------- ------------ ----------- ---------------- Disbursements made on behalf of an obligor X are posted within two business days to the obligor's records maintained by the servicer, or such other number of days specified in the transaction 1122(d)(4)(xiii) agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Delinquencies, charge-offs and X X uncollectible accounts are recognized and recorded in accordance with the 1122(d)(4)(xiv) transaction agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- Any external enhancement or other support, X identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the 1122(d)(4)(xv) transaction agreements. ------------------- ------------------------------------------- ------------ ----------- ---------------- EXHIBIT P FORM 10-D, FORM 8-K AND FORM 10-K REPORTING RESPONSIBILITY As to each item described below, the entity indicated as the Responsible Party shall be primarily responsible for reporting the information to the Trust Administrator pursuant to Section 4.07(a)(iv). If the Trust Administrator is indicated below as to any item, then the Trust Administrator is primarily responsible for obtaining that information. Under Item 1 of Form 10-D: a) items marked "4.02 statement" are required to be included in the periodic Distribution Date statement under Section 4.02, provided by the Trust Administrator based on information received from the Master Servicer; and b) items marked "Form 10-D report" are required to be in the Form 10-D report but not the 4.02 statement, provided by the party indicated. Information under all other Items of Form 10-D is to be included in the Form 10-D report. FORM ITEM DESCRIPTION RESPONSIBLE PARTY ------------ -------------------- ----------------------------------------------------------- -------------------------------- 10-D MUST BE FILED WITHIN 15 DAYS OF THE DISTRIBUTION DATE. ------------ -------------------------------------------------------------------------------- -------------------------------- 1 DISTRIBUTION AND POOL PERFORMANCE INFORMATION ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1121(A) - DISTRIBUTION AND POOL PERFORMANCE INFORMATION ------------ -------- ----------------------------------------------------------------------- -------------------------------- (1) Any applicable record dates, accrual dates, determination dates 4.02 statement for calculating distributions and actual distribution dates for the distribution period. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (2) Cash flows received and the sources thereof for distributions, 4.02 statement fees and expenses. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (3) Calculated amounts and distribution of the flow of funds for the 4.02 statement period itemized by type and priority of payment, including: ------------ -------- ----------------------------------------------------------------------- -------------------------------- (i) Fees or expenses accrued and paid, with an 4.02 statement identification of the general purpose of such fees and the party receiving such fees or expenses. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (ii) Payments accrued or paid with respect to enhancement or 4.02 statement other support identified in Item 1114 of Regulation AB (such as insurance premiums or other enhancement maintenance fees), with an identification of the general purpose of such payments and the party receiving such payments. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (iii) Principal, interest and other distributions accrued 4.02 statement and paid on the asset-backed securities by type and by class or series and any principal or interest shortfalls or carryovers. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (iv) The amount of excess cash flow or excess spread and the 4.02 statement disposition of excess cash flow. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (4) Beginning and ending principal balances of the asset-backed 4.02 statement securities. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (5) Interest rates applicable to the pool assets and the asset-backed 4.02 statement securities, as applicable. Consider providing interest rate information for pool assets in appropriate distributional groups or incremental ranges. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (6) Beginning and ending balances of transaction accounts, such as 4.02 statement reserve accounts, and material account activity during the period. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (7) Any amounts drawn on any credit enhancement or other support 4.02 statement identified in Item 1114 of Regulation AB, as applicable, and the amount of coverage remaining under any such enhancement, if known and applicable. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (8) Number and amount of pool assets at the beginning and ending of 4.02 statement each period, and updated pool composition information, such as weighted average coupon, weighted average life, weighted average Updated pool composition remaining term, pool factors and prepayment amounts. information fields to be as specified by Depositor from time to time ------------ -------- ----------------------------------------------------------------------- -------------------------------- (9) Delinquency and loss information for the period. 4.02 statement. In addition, describe any material changes to the information specified in Item 1100(b)(5) of Regulation AB regarding the pool Form 10-D report: Depositor assets. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (10) Information on the amount, terms and general purpose of any 4.02 statement advances made or reimbursed during the period, including the general use of funds advanced and the general source of funds for reimbursements. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (11) Any material modifications, extensions or waivers to pool asset 4.02 statement terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (12) Material breaches of pool asset representations or warranties or Form 10-D report: transaction covenants. Servicer ------------ -------- ----------------------------------------------------------------------- -------------------------------- (13) Information on ratio, coverage or other tests used for 4.02 statement determining any early amortization, liquidation or other performance trigger and whether the trigger was met. ------------ -------- ----------------------------------------------------------------------- -------------------------------- (14) Information regarding any new issuance of asset-backed Form 10-D report: Depositor securities backed by the same asset pool, Form 10-D report: Depositor or Information regarding] any pool asset changes (other than in Servicer connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding or revolving period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. Form 10-D report: Depositor Disclose any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1121(B) - PRE-FUNDING OR REVOLVING PERIOD INFORMATION Depositor Updated pool information as required under Item 1121(b). ------------ -------- ----------------------------------------------------------------------- -------------------------------- 2 LEGAL PROCEEDINGS ------------ -------- ----------------------------------------------------------------------- -------------------------------- Item 1117 - Legal proceedings pending against the following entities, (i) All parties to the Pooling or their respective property, that is material to Certificateholders, and Servicing Agreement (as to including proceedings known to be contemplated by governmental themselves), (ii) the Trustee authorities: and Master Servicer as to the Seller Issuing entity and (iii) the Depositor Depositor as to the Sponsor, Trustee any 1110(b) originator and any Issuing entity 1100(d)(i) party Master Servicer Originator Custodian ------------ -------- ----------------------------------------------------------------------- -------------------------------- 3 SALES OF SECURITIES AND USE OF PROCEEDS ------------ -------- ----------------------------------------------------------------------- -------------------------------- INFORMATION FROM ITEM 2(A) OF PART II OF FORM 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are Depositor otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. ------------ -------- ----------------------------------------------------------------------- -------------------------------- 4 DEFAULTS UPON SENIOR SECURITIES ------------ -------- ----------------------------------------------------------------------- -------------------------------- INFORMATION FROM ITEM 3 OF PART II OF FORM 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) Trust Administrator ------------ -------- ----------------------------------------------------------------------- -------------------------------- 5 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS ------------ -------- ----------------------------------------------------------------------- -------------------------------- INFORMATION FROM ITEM 4 OF PART II OF FORM 10-Q Trustee ------------ -------- ----------------------------------------------------------------------- -------------------------------- 6 SIGNIFICANT OBLIGORS OF POOL ASSETS ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1112(B) - SIGNIFICANT OBLIGOR FINANCIAL INFORMATION* Depositor ------------ -------- ----------------------------------------------------------------------- -------------------------------- *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. ------------ -------- ----------------------------------------------------------------------- -------------------------------- 7 SIGNIFICANT ENHANCEMENT PROVIDER INFORMATION ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1114(B)(2) - CREDIT ENHANCEMENT PROVIDER FINANCIAL INFORMATION* Determining applicable disclosure threshold Obtaining required financial information or effecting incorporation Trust Administrator Depositor by reference ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1115(B) - DERIVATIVE COUNTERPARTY FINANCIAL INFORMATION* Determining current maximum probable exposure Determining current significance percentage Trust Administrator Obtaining required financial information or effecting incorporation by reference Trust Administrator Depositor ------------ -------- ----------------------------------------------------------------------- -------------------------------- *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. ------------ -------- ----------------------------------------------------------------------- -------------------------------- 8 OTHER INFORMATION ------------ -------- ----------------------------------------------------------------------- -------------------------------- DISCLOSE ANY INFORMATION REQUIRED TO BE REPORTED ON FORM 8-K DURING The Responsible Party for the THE PERIOD COVERED BY THE FORM 10-D BUT NOT REPORTED applicable Form 8-K item as indicated below ------------ -------- ----------------------------------------------------------------------- -------------------------------- 9 EXHIBITS ------------ -------- ----------------------------------------------------------------------- -------------------------------- Distribution report Trust Administrator ------------ -------- ----------------------------------------------------------------------- -------------------------------- EXHIBITS REQUIRED BY ITEM 601 OF REGULATION S-K, SUCH AS MATERIAL Depositor AGREEMENTS ------------ -------- ----------------------------------------------------------------------- -------------------------------- 8-K MUST BE FILED WITHIN FOUR BUSINESS DAYS OF AN EVENT REPORTABLE ON FORM 8-K. ------------ ----------------------------------------------------------------------------------------------------------------- 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT ------------ -------- ----------------------------------------------------------------------- -------------------------------- Disclosure is required regarding entry into or amendment of any Depositor definitive agreement that is material to the securitization, even if depositor is not a party. Examples: servicing agreement, custodial agreement. Note: disclosure not required as to definitive agreements that are fully disclosed in the prospectus ------------ -------- ----------------------------------------------------------------------- -------------------------------- 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT ------------ -------- ----------------------------------------------------------------------- -------------------------------- Disclosure is required regarding termination of any definitive Depositor agreement that is material to the securitization (other than expiration in accordance with its terms), even if depositor is not a party. Examples: servicing agreement, custodial agreement. ------------ -------- ----------------------------------------------------------------------- -------------------------------- 1.03 BANKRUPTCY OR RECEIVERSHIP ------------ -------- ----------------------------------------------------------------------- -------------------------------- Disclosure is required regarding the bankruptcy or receivership, if Depositor known to the Master Master Servicer, with respect to any of the following: Sponsor (Seller), Depositor, Master Servicer, Trustee, Cap Provicer, Custodian ------------ -------- ----------------------------------------------------------------------- -------------------------------- 2.04 TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT ------------ -------- ----------------------------------------------------------------------- -------------------------------- Includes an early amortization, performance trigger or other event, Depositor/ Trust Administrator including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the 4.02 statement ------------ -------- ----------------------------------------------------------------------- -------------------------------- 3.03 MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS ------------ -------- ----------------------------------------------------------------------- -------------------------------- Disclosure is required of any material modification to documents Trust Administrator defining the rights of Certificateholders, including the Pooling and Servicing Agreement ------------ -------- ----------------------------------------------------------------------- -------------------------------- 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR ------------ -------- ----------------------------------------------------------------------- -------------------------------- Disclosure is required of any amendment "to the governing documents Depositor of the issuing entity" ------------ -------- ----------------------------------------------------------------------- -------------------------------- 5.06 CHANGE IN SHELL COMPANY STATUS ------------ -------- ----------------------------------------------------------------------- -------------------------------- [Not applicable to ABS issuers] Depositor ------------ -------- ----------------------------------------------------------------------- -------------------------------- 6.01 ABS INFORMATIONAL AND COMPUTATIONAL MATERIAL ------------ -------- ----------------------------------------------------------------------- -------------------------------- [Not included in reports to be filed under Section 4.07] Depositor ------------ -------- ----------------------------------------------------------------------- -------------------------------- 6.02 CHANGE OF MASTER SERVICER OR TRUSTEE ------------ -------- ----------------------------------------------------------------------- -------------------------------- Requires disclosure of any removal, replacement, substitution or Depositor or Servicer addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers, certificate administrator or trustee. Any merger, consolidation or sale of substantially all of the assets of the servicer, the servicer's engagement of any sub-servicer to perform or assist in the performance of any of the servicer's obligations under the agreement. Reg AB disclosure about any new servicer or trustee is also required. ------------ -------- ----------------------------------------------------------------------- -------------------------------- 6.03 CHANGE IN CREDIT ENHANCEMENT OR OTHER EXTERNAL SUPPORT ------------ -------- ----------------------------------------------------------------------- -------------------------------- Covers termination of any enhancement in manner other than by its Trust Administrator terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivatives. Regulation AB disclosure about any new enhancement provider is also required. ------------ -------- ----------------------------------------------------------------------- -------------------------------- 6.04 FAILURE TO MAKE A REQUIRED DISTRIBUTION Trust Administrator ------------ -------- ----------------------------------------------------------------------- -------------------------------- 6.05 SECURITIES ACT UPDATING DISCLOSURE ------------ -------- ----------------------------------------------------------------------- -------------------------------- If any material pool characteristic differs by 5% or more at the time Depositor of issuance of the securities from the description in the final prospectus, provide updated Regulation AB disclosure about the actual asset pool. ------------ -------- ----------------------------------------------------------------------- -------------------------------- If there are any new servicers or originators required to be Depositor disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ------------ -------- ----------------------------------------------------------------------- -------------------------------- 7.01 REGULATION FD DISCLOSURE Depositor ------------ -------- ----------------------------------------------------------------------- -------------------------------- 8.01 OTHER EVENTS ------------ -------- ----------------------------------------------------------------------- -------------------------------- Any event, with respect to which information is not otherwise called Depositor for in Form 8-K, that the registrant deems of importance to security holders. ------------ -------- ----------------------------------------------------------------------- -------------------------------- 9.01 FINANCIAL STATEMENTS AND EXHIBITS The Responsible Party applicable to reportable event other than the Trustee) ------------ -------- ----------------------------------------------------------------------- -------------------------------- 10-K MUST BE FILED WITHIN 90 DAYS OF THE FISCAL YEAR END FOR THE REGISTRANT. ------------ ----------------------------------------------------------------------------------------------------------------- 9B OTHER INFORMATION ------------ -------- ----------------------------------------------------------------------- -------------------------------- Disclose any information required to be reported on Form 8-K during The Responsible Party for the the fourth quarter covered by the Form 10-K but not reported applicable Form 8-K item as indicated above ------------ -------- ----------------------------------------------------------------------- -------------------------------- 15 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1112(B) - SIGNIFICANT OBLIGOR FINANCIAL INFORMATION N/A ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1114(B)(2) - CREDIT ENHANCEMENT PROVIDER FINANCIAL INFORMATION Determining applicable disclosure threshold Obtaining required financial information or effecting incorporation Trust Administrator Depositor by reference ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1115(B) - DERIVATIVE COUNTERPARTY FINANCIAL INFORMATION Determining current maximum probable exposure Determining current significance percentage Trust Administrator Obtaining required financial information or effecting incorporation by reference Trust Administrator Depositor ------------ -------- ----------------------------------------------------------------------- -------------------------------- Item 1119 - Affiliations and relationships between the following (i) All parties to the entities, or their respective affiliates, that are material to Pooling and Servicing Certificateholders: Agreement (as to themselves), Seller (ii) the Depositor as to the Depositor Sponsor, Originator, Trustee Significant Obligor, Credit Issuing entity Enhancer/Support Provider and Master Servicer (iii) the Trustee and Master Originator Servicer as to the Issuing Custodian (only with respect to affiliations and relationships with entity the Sponsor, Depositor or Issuing Entity) Credit Enhancer/Support Provider, if any Significant Obligor, if any ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1122 - ASSESSMENT OF COMPLIANCE WITH SERVICING CRITERIA Master Servicer Trust Administrator Custodian ------------ -------- ----------------------------------------------------------------------- -------------------------------- ITEM 1123 -SERVICER COMPLIANCE STATEMENT Master Servicer ------------ -------- ----------------------------------------------------------------------- -------------------------------- EXHIBIT Q ADDITIONAL DISCLOSURE NOTIFICATION **SEND VIA FAX TO [XXX-XXX-XXXX] AND VIA EMAIL TO [ ] AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW** Xxxxx Fargo Bank, N.A., as Trust Administrator Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attn: Corporate Trust Services- [DEAL NAME]--SEC REPORT PROCESSING RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required Ladies and Gentlemen: In accordance with Section [ ] of the Pooling and Servicing Agreement, dated as of February 1, 2006, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A., JPMorgan Chase Bank, National Association and U.S. Bank National Association, the undersigned, as [ ], hereby notifies you that certain events have come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K]. Description of Additional Form [10-D][10-K][8-K] Disclosure: List of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure: Any inquiries related to this notification should be directed to [ ], phone number: [ ]; email address: [ ]. [NAME OF PARTY], as [role] By: __________________________ Name: Title: EXHIBIT R-1 FORM OF DELINQUENCY REPORT -------------------------------------- -------------------------------------------------- --------- ------------- COLUMN/HEADER NAME DESCRIPTION DECIMAL FORMAT COMMENT -------------------------------------- -------------------------------------------------- --------- ------------- SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may be different than the LOAN_NBR -------------------------------------- -------------------------------------------------- --------- ------------- LOAN_NBR A unique identifier assigned to each loan by the originator. -------------------------------------- -------------------------------------------------- --------- ------------- CLIENT_NBR Servicer Client Number -------------------------------------- -------------------------------------------------- --------- ------------- SERV_INVESTOR_NBR Contains a unique number as assigned by an external servicer to identify a group of loans in their system. -------------------------------------- -------------------------------------------------- --------- ------------- BORROWER_FIRST_NAME First Name of the Borrower. -------------------------------------- -------------------------------------------------- --------- ------------- BORROWER_LAST_NAME Last name of the borrower. -------------------------------------- -------------------------------------------------- --------- ------------- XXXX_XXXXXXX Xxxxxx Name and Number of Property -------------------------------------- -------------------------------------------------- --------- ------------- PROP_STATE The state where the property located. -------------------------------------- -------------------------------------------------- --------- ------------- PROP_ZIP Zip code where the property is located. -------------------------------------- -------------------------------------------------- --------- ------------- BORR_NEXT_PAY_DUE_DATE The date that the borrower's next payment is due MM/DD/YYYY to the servicer at the end of processing cycle, as reported by Servicer. -------------------------------------- -------------------------------------------------- --------- ------------- LOAN_TYPE Loan Type (i.e. FHA, VA, Conv) -------------------------------------- -------------------------------------------------- --------- ------------- BANKRUPTCY_FILED_DATE The date a particular bankruptcy claim was filed. MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- BANKRUPTCY_CHAPTER_CODE The chapter under which the bankruptcy was filed. -------------------------------------- -------------------------------------------------- --------- ------------- BANKRUPTCY_CASE_NBR The case number assigned by the court to the bankruptcy filing. -------------------------------------- -------------------------------------------------- --------- ------------- POST_PETITION_DUE_DATE The payment due date once the bankruptcy has MM/DD/YYYY been approved by the courts -------------------------------------- -------------------------------------------------- --------- ------------- BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. MM/DD/YYYY Either by Dismissal, Discharged and/or a Motion For Relief Was Granted. -------------------------------------- -------------------------------------------------- --------- ------------- LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The MM/DD/YYYY Servicer -------------------------------------- -------------------------------------------------- --------- ------------- LOSS_MIT_TYPE The Type Of Loss Mitigation Approved For A Loan Such As; -------------------------------------- -------------------------------------------------- --------- ------------- LOSS_MIT_EST_COMP_DATE The Date The Loss Mitigation /Plan Is Scheduled MM/DD/YYYY To End/Close -------------------------------------- -------------------------------------------------- --------- ------------- LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually MM/DD/YYYY Completed -------------------------------------- -------------------------------------------------- --------- ------------- FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer MM/DD/YYYY with instructions to begin foreclosure proceedings. -------------------------------------- -------------------------------------------------- --------- ------------- ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue MM/DD/YYYY Foreclosure -------------------------------------- -------------------------------------------------- --------- ------------- FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a MM/DD/YYYY Foreclosure Action -------------------------------------- -------------------------------------------------- --------- ------------- FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected MM/DD/YYYY to occur. -------------------------------------- -------------------------------------------------- --------- ------------- FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- FRCLSR_SALE_AMT The amount a property sold for at the 2 No foreclosure sale. commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- EVICTION_START_DATE The date the servicer initiates eviction of the MM/DD/YYYY borrower. -------------------------------------- -------------------------------------------------- --------- ------------- EVICTION_COMPLETED_DATE The date the court revokes legal possession of MM/DD/YYYY the property from the borrower. -------------------------------------- -------------------------------------------------- --------- ------------- LIST_PRICE The price at which an REO property is marketed. 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- LIST_DATE The date an REO property is listed at a MM/DD/YYYY particular price. -------------------------------------- -------------------------------------------------- --------- ------------- OFFER_AMT The dollar value of an offer for an REO property. 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- OFFER_DATE_TIME The date an offer is received by DA Admin or by MM/DD/YYYY the Servicer. -------------------------------------- -------------------------------------------------- --------- ------------- REO_CLOSING_DATE The date the REO sale of the property is MM/DD/YYYY scheduled to close. -------------------------------------- -------------------------------------------------- --------- ------------- REO_ACTUAL_CLOSING_DATE Actual Date Of REO Sale MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- OCCUPANT_CODE Classification of how the property is occupied. -------------------------------------- -------------------------------------------------- --------- ------------- PROP_CONDITION_CODE A code that indicates the condition of the property. -------------------------------------- -------------------------------------------------- --------- ------------- PROP_INSPECTION_DATE The date a property inspection is performed. MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- APPRAISAL_DATE The date the appraisal was done. MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- CURR_PROP_VAL The current "as is" value of the property based 2 on brokers price opinion or appraisal. -------------------------------------- -------------------------------------------------- --------- ------------- REPAIRED_PROP_VAL The amount the property would be worth if 2 repairs are completed pursuant to a broker's price opinion or appraisal. -------------------------------------- -------------------------------------------------- --------- ------------- IF APPLICABLE: -------------------------------------- -------------------------------------------------- --------- ------------- DELINQ_STATUS_CODE FNMA Code Describing Status of Loan -------------------------------------- -------------------------------------------------- --------- ------------- DELINQ_REASON_CODE The circumstances which caused a borrower to stop paying on a loan. Code indicates the reason why the loan is in default for this cycle. -------------------------------------- -------------------------------------------------- --------- ------------- MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With MM/DD/YYYY Mortgage Insurance Company. -------------------------------------- -------------------------------------------------- --------- ------------- MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim MM/DD/YYYY Payment -------------------------------------- -------------------------------------------------- --------- ------------- MI_CLAIM_AMT_PAID Amount Mortgage Insurance Company Paid On Claim 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- POOL_CLAIM_FILED_DATE Date Claim Was Filed With Pool Insurance Company MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- POOL_CLAIM_AMT Amount of Claim Filed With Pool Insurance Company 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- POOL_CLAIM_PAID_DATE Date Claim Was Settled and The Check Was Issued MM/DD/YYYY By The Pool Insurer -------------------------------------- -------------------------------------------------- --------- ------------- POOL_CLAIM_AMT_PAID Amount Paid On Claim By Pool Insurance Company 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- FHA_PART_A_CLAIM_FILED_DATE Date FHA Part A Claim Was Filed With HUD MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- FHA_PART_A_CLAIM_AMT Amount of FHA Part A Claim Filed 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- FHA_PART_A_CLAIM_PAID_DATE Date HUD Disbursed Part A Claim Payment MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- FHA_PART_A_CLAIM_PAID_AMT Amount HUD Paid on Part A Claim 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- FHA_PART_B_CLAIM_FILED_DATE Date FHA Part B Claim Was Filed With HUD MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- FHA_PART_B_CLAIM_AMT Amount of FHA Part B Claim Filed 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- FHA_PART_B_CLAIM_PAID_DATE Date HUD Disbursed Part B Claim Payment MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- FHA_PART_B_CLAIM_PAID_AMT Amount HUD Paid on Part B Claim 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- VA_CLAIM_FILED_DATE Date VA Claim Was Filed With the Veterans Admin MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- VA_CLAIM_PAID_DATE Date Veterans Admin. Disbursed VA Claim Payment MM/DD/YYYY -------------------------------------- -------------------------------------------------- --------- ------------- VA_CLAIM_PAID_AMT Amount Veterans Admin. Paid on VA Claim 2 No commas(,) or dollar signs ($) -------------------------------------- -------------------------------------------------- --------- ------------- EXHIBIT 2: STANDARD FILE CODES - DELINQUENCY REPORTING The LOSS MIT TYPE field should show the approved Loss Mitigation Code as follows: o ASUM- Approved Assumption o BAP- Borrower Assistance Program o CO- Charge Off o DIL- Deed-in-Lieu o FFA- Formal Forbearance Agreement o MOD- Loan Modification o PRE- Pre-Sale o SS- Short Sale o MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The OCCUPANT CODE field should show the current status of the property code as follows: o Mortgagor o Tenant o Unknown o Vacant The PROPERTY CONDITION field should show the last reported condition of the property as follows: o Damaged o Excellent o Fair o Gone o Good o Poor o Special Hazard o Unknown EXHIBIT 2: STANDARD FILE CODES - DELINQUENCY REPORTING, CONTINUED The FNMA DELINQUENT REASON CODE field should show the Reason for Delinquency as follows: -------------------------------------------------------- DELINQUENCY CODE DELINQUENCY DESCRIPTION ---------------- --------------------------------------- 001 FNMA-Death of principal mortgagor ---------------- --------------------------------------- 002 FNMA-Illness of principal mortgagor ---------------- --------------------------------------- 003 FNMA-Illness of mortgagor's family member ---------------- --------------------------------------- 004 FNMA-Death of mortgagor's family member ---------------- --------------------------------------- 005 FNMA-Marital difficulties ---------------- --------------------------------------- 006 FNMA-Curtailment of income ---------------- --------------------------------------- 007 FNMA-Excessive Obligation ---------------- --------------------------------------- 008 FNMA-Abandonment of property ---------------- --------------------------------------- 009 FNMA-Distant employee transfer ---------------- --------------------------------------- 011 FNMA-Property problem ---------------- --------------------------------------- 012 FNMA-Inability to sell property ---------------- --------------------------------------- 013 FNMA-Inability to rent property ---------------- --------------------------------------- 014 FNMA-Military Service ---------------- --------------------------------------- 015 FNMA-Other ---------------- --------------------------------------- 016 FNMA-Unemployment ---------------- --------------------------------------- 017 FNMA-Business failure ---------------- --------------------------------------- 019 FNMA-Casualty loss ---------------- --------------------------------------- 022 FNMA-Energy environment costs ---------------- --------------------------------------- 023 FNMA-Servicing problems ---------------- --------------------------------------- 026 FNMA-Payment adjustment ---------------- --------------------------------------- 027 FNMA-Payment dispute ---------------- --------------------------------------- 029 FNMA-Transfer of ownership pending ---------------- --------------------------------------- 030 FNMA-Fraud ---------------- --------------------------------------- 031 FNMA-Unable to contact borrower ---------------- --------------------------------------- INC FNMA-Incarceration -------------------------------------------------------- EXHIBIT 2: STANDARD FILE CODES - DELINQUENCY REPORTING, CONTINUED The FNMA DELINQUENT STATUS CODE field should show the Status of Default as follows: ------------------------------------------------------- STATUS CODE STATUS DESCRIPTION ---------------- -------------------------------------- 09 Forbearance ---------------- -------------------------------------- 17 Pre-foreclosure Sale Closing Plan Accepted ---------------- -------------------------------------- 24 Government Seizure ---------------- -------------------------------------- 26 Refinance ---------------- -------------------------------------- 27 Assumption ---------------- -------------------------------------- 28 Modification ---------------- -------------------------------------- 29 Charge-Off ---------------- -------------------------------------- 30 Third Party Sale ---------------- -------------------------------------- 31 Probate ---------------- -------------------------------------- 32 Military Indulgence ---------------- -------------------------------------- 43 Foreclosure Started ---------------- -------------------------------------- 44 Deed-in-Lieu Started ---------------- -------------------------------------- 49 Assignment Completed ---------------- -------------------------------------- 61 Second Lien Considerations ---------------- -------------------------------------- 62 Veteran's Affairs-No Bid ---------------- -------------------------------------- 63 Veteran's Affairs-Refund ---------------- -------------------------------------- 64 Veteran's Affairs-Buydown ---------------- -------------------------------------- 65 Chapter 7 Bankruptcy ---------------- -------------------------------------- 66 Chapter 11 Bankruptcy ---------------- -------------------------------------- 67 Chapter 13 Bankruptcy ------------------------------------------------------- EXHIBIT R-2 FORM OF MONTHLY REMITTANCE ADVICE ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- COLUMN NAME DESCRIPTION DECIMAL FORMAT COMMENT MAX SIZE ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SER_INVESTOR_NBR A value assigned by the Servicer to Text up to 10 digits 20 define a group of loans. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- LOAN_NBR A unique identifier assigned to each Text up to 10 digits 10 loan by the investor. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERVICER_LOAN_NBR A unique number assigned to a loan by Text up to 10 digits 10 the Servicer. This may be different than the LOAN_NBR. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- BORROWER_NAME The borrower name as received in the Maximum length of 30 (Last, First) 30 file. It is not separated by first and last name. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SCHED_PAY_AMT Scheduled monthly principal and 2 No commas(,) or dollar signs ($) 11 scheduled interest payment that a borrower is expected to pay, P&I constant. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- NOTE_INT_RATE The loan interest rate as reported by 4 Max length of 6 6 the Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- NET_INT_RATE The loan gross interest rate less the 4 Max length of 6 6 service fee rate as reported by the Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERV_FEE_RATE The servicer's fee rate for a loan as 4 Max length of 6 6 reported by the Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERV_FEE_AMT The servicer's fee amount for a loan as 2 No commas(,) or dollar signs ($) 11 reported by the Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- NEW_PAY_AMT The new loan payment amount as reported 2 No commas(,) or dollar signs ($) 11 by the Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- NEW_LOAN_RATE The new loan rate as reported by the 4 Max length of 6 6 Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- ARM_INDEX_RATE The index the Servicer is using to 4 Max length of 6 6 calculate a forecasted rate. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- ACTL_BEG_PRIN_BAL The borrower's actual principal balance 2 No commas(,) or dollar signs ($) 11 at the beginning of the processing cycle. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- ACTL_END_PRIN_BAL The borrower's actual principal balance 2 No commas(,) or dollar signs ($) 11 at the end of the processing cycle. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- BORR_NEXT_PAY_DUE_DATE The date at the end of processing cycle MM/DD/YYYY 10 that the borrower's next payment is due to the Servicer, as reported by Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERV_CURT_AMT_1 The first curtailment amount to be 2 No commas(,) or dollar signs ($) 11 applied. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERV_CURT_DATE_1 The curtailment date associated with the MM/DD/YYYY 10 first curtailment amount. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- CURT_ADJ_ AMT_1 The curtailment interest on the first 2 No commas(,) or dollar signs ($) 11 curtailment amount, if applicable. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERV_CURT_AMT_2 The second curtailment amount to be 2 No commas(,) or dollar signs ($) 11 applied. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERV_CURT_DATE_2 The curtailment date associated with the MM/DD/YYYY 10 second curtailment amount. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- CURT_ADJ_ AMT_2 The curtailment interest on the second 2 No commas(,) or dollar signs ($) 11 curtailment amount, if applicable. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERV_CURT_AMT_3 The third curtailment amount to be 2 No commas(,) or dollar signs ($) 11 applied. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SERV_CURT_DATE_3 The curtailment date associated with the MM/DD/YYYY 10 third curtailment amount. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- CURT_ADJ_AMT_3 The curtailment interest on the third 2 No commas(,) or dollar signs ($) 11 curtailment amount, if applicable. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- PIF_AMT The loan "paid in full" amount as 2 No commas(,) or dollar signs ($) 11 reported by the Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- PIF_DATE The paid in full date as reported by the MM/DD/YYYY 10 Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- Action Code Key: 15=Bankruptcy, 2 00xXxxxxxxxxxx, , 00xXXX, 63=Substitution, 65=Repurchase,70=REO ACTION_CODE The standard FNMA numeric code used to indicate the default/delinquent status of a particular loan. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- INT_ADJ_AMT The amount of the interest adjustment as 2 No commas(,) or dollar signs ($) 11 reported by the Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SOLDIER_SAILOR_ADJ_AMT The Soldier and Sailor Adjustment 2 No commas(,) or dollar signs ($) 11 amount, if applicable. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- NON_ADV_LOAN_AMT The Non Recoverable Loan Amount, if 2 No commas(,) or dollar signs ($) 11 applicable. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- LOAN_LOSS_AMT The amount the Servicer is passing as a 2 No commas(,) or dollar signs ($) 11 loss, if applicable. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SCHED_BEG_PRIN_BAL The scheduled outstanding principal 2 No commas(,) or dollar signs ($) 11 amount due at the beginning of the cycle date to be passed through to investors. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SCHED_END_PRIN_BAL The scheduled principal balance due to 2 No commas(,) or dollar signs ($) 11 investors at the end of a processing cycle. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SCHED_PRIN_AMT The scheduled principal amount as 2 No commas(,) or dollar signs ($) 11 reported by the Servicer for the current cycle -- only applicable for Scheduled/Scheduled Loans. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- SCHED_NET_INT The scheduled gross interest amount less 2 No commas(,) or dollar signs ($) 11 the service fee amount for the current cycle as reported by the Servicer -- only applicable for Scheduled/Scheduled Loans. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- ACTL_PRIN_AMT The actual principal amount collected by 2 No commas(,) or dollar signs ($) 11 the Servicer for the current reporting cycle -- only applicable for Actual/Actual Loans. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- ACTL_NET_INT The actual gross interest amount less the 2 No commas(,) or dollar signs ($) 11 service fee amount for the current reporting cycle as reported by the Servicer -- only applicable for Actual/Actual Loans. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- PREPAY_PENALTY_ AMT The penalty amount received when a 2 No commas(,) or dollar signs ($) 11 borrower prepays on his loan as reported by the Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- PREPAY_PENALTY_ WAIVED The prepayment penalty amount for the 2 No commas(,) or dollar signs ($) 11 loan waived by the servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- MOD_DATE The Effective Payment Date of the MM/DD/YYYY 10 Modification for the loan. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- MOD_TYPE The Modification Type. Varchar - value can be alpha or 30 numeric ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- DELINQ_P&I_ADVANCE_AMT The current outstanding principal and 2 No commas(,) or dollar signs ($) 11 interest advances made by Servicer. ------------------------------- ------------------------------------------ ------- ------------------------------------ ------- EXHIBIT R-3 FORM OF REALIZED LOSS REPORT CALCULATION OF REALIZED LOSS/GAIN FORM 332- INSTRUCTION SHEET NOTE: DO NOT NET OR COMBINE ITEMS. SHOW ALL EXPENSES INDIVIDUALLY AND ALL CREDITS AS SEPARATE LINE ITEMS. CLAIM PACKAGES ARE DUE ON THE REMITTANCE REPORT DATE. LATE SUBMISSIONS MAY RESULT IN CLAIMS NOT BEING PASSED UNTIL THE FOLLOWING MONTH. THE SERVICER IS RESPONSIBLE TO REMIT ALL FUNDS PENDING LOSS APPROVAL AND /OR RESOLUTION OF ANY DISPUTED ITEMS. 2. 3. The numbers on the 332 form correspond with the numbers listed below. LIQUIDATION AND ACQUISITION EXPENSES: 1. The Actual Unpaid Principal Balance of the Mortgage Loan. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest and servicing fees advanced is required. 2. The Total Interest Due less the aggregate amount of servicing fee that would have been earned if all delinquent payments had been made as agreed. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest and servicing fees advanced is required. 3. Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest and servicing fees advanced is required. 4-12. Complete as applicable. Required documentation: * For taxes and insurance advances - see page 2 of 332 form - breakdown required showing period of coverage, base tax, interest, penalty. Advances prior to default require evidence of servicer efforts to recover advances. * For escrow advances - complete payment history (to calculate advances from last positive escrow balance forward) * Other expenses - copies of corporate advance history showing all payments * REO repairs > $1500 require explanation * REO repairs >$3000 require evidence of at least 2 bids. * Short Sale or Charge Off require P&L supporting the decision and WFB's approved Officer Certificate * Unusual or extraordinary items may require further documentation. 13. The total of lines 1 through 12. 4. CREDITS: 14-21. Complete as applicable. Required documentation: * Copy of the HUD 1 from the REO sale. If a 3rd Party Sale, bid instructions and Escrow Agent / Attorney Letter of Proceeds Breakdown. * Copy of EOB for any MI or gov't guarantee * All other credits need to be clearly defined on the 332 form 22. The total of lines 14 through 21. Please Note: For HUD/VA loans, use line (18a) for Part A/Initial proceeds and line (18b) for Part B/Supplemental proceeds. TOTAL REALIZED LOSS (OR AMOUNT OF ANY GAIN) 23. The total derived from subtracting line 22 from 13. If the amount represents a realized gain, show the amount in parenthesis ( ). EXHIBIT 3A: CALCULATION OF REALIZED LOSS/GAIN FORM 332 Prepared by: __________________ Date: _______________ Phone: ______________________ Email Address:_____________________ ------------------------ -------------------------- -------------------------- Servicer Loan No. Servicer Name Servicer Address ------------------------ -------------------------- -------------------------- XXXXX FARGO BANK, N.A. LOAN NO._____________________________ Borrower's Name: ____________________________________________________ Property Address: ____________________________________________________ LIQUIDATION TYPE: REO SALE 3RD PARTY SALE SHORT SALE CHARGE OFF WAS THIS LOAN GRANTED A BANKRUPTCY DEFICIENCY OR CRAMDOWN YES NO If "Yes", provide deficiency or cramdown amount __________________________ LIQUIDATION AND ACQUISITION EXPENSES: (1) Actual Unpaid Principal Balance of Mortgage Loan $ ______________ (1) (2) Interest accrued at Net Rate ________________ (2) (3) Accrued Servicing Fees ________________ (3) (4) Attorney's Fees ________________ (4) (5) Taxes (see page 2) ________________ (5) (6) Property Maintenance ________________ (6) (7) MI/Hazard Insurance Premiums (see page 2) ________________ (7) (8) Utility Expenses ________________ (8) (9) Appraisal/BPO ________________ (9) (10) Property Inspections ________________ (10) (11) FC Costs/Other Legal Expenses ________________ (11) (12) Other (itemize) ________________ (12) Cash for Keys__________________________ ________________ (12) HOA/Condo Fees_______________________ ________________ (12) ______________________________________ ________________ (12) TOTAL EXPENSES $ ______________ (13) CREDITS: (14) Escrow Balance $ ______________ (14) (15) HIP Refund ________________ (15) (16) Rental Receipts ________________ (16) (17) Hazard Loss Proceeds ________________ (17) (18) Primary Mortgage Insurance / Gov't Insurance ________________ (18a) HUD Part A ________________ (18b) HUD Part B (19) Pool Insurance Proceeds ________________ (19) (20) Proceeds from Sale of Acquired Property ________________ (20) (21) Other (itemize) ________________ (21) _________________________________________ ________________ (21) TOTAL CREDITS $________________ (22) TOTAL REALIZED LOSS (OR AMOUNT OF GAIN) $________________ (23) ESCROW DISBURSEMENT DETAIL ------------------------------------------------------------------------------------ TYPE DATE PAID PERIOD OF TOTAL PAID BASE AMOUNT PENALTIES INTEREST COVERAGE (TAX /INS.) ------------- ----------- ---------- ----- ---- ---- ------- ----------- ----------- ------------- ----------- ---------- ----- ---- ---- ------- ----------- ----------- ------------- ----------- ---------- ----- ---- ---- ------- ----------- ----------- ------------- ----------- ---------- ----- ---- ---- ------- ----------- ----------- ------------- ----------- ---------- ----- ---- ---- ------- ----------- ----------- ------------- ----------- ---------- ----- ---- ---- ------- ----------- ----------- ------------- ----------- ---------- ----- ---- ---- ------- ----------- ----------- ------------- ----------- ---------- ----- ---- ---- ------- ----------- ----------- ------------------------------------------------------------------------------------ EXHIBIT S ---------------------------------------------------------------------------- -------- ------------- -------- STANDARD FILE LAYOUT - TRUSTEE ---------------------------------------------------------------------------- -------- ------------- -------- COLUMN NAME DESCRIPTION DECIMAL COMMENT MAX SIZE ------------------------------- -------------------------------------------- -------- ------------- -------- LOAN_NBR A unique identifier assigned to each loan Text up to 10 by the originator. 10 digits ------------------------------- -------------------------------------------- -------- ------------- -------- SER_INVESTOR_NBR A value assigned by the Servicer to define Text up to 20 a group of loans. 10 digits ------------------------------- -------------------------------------------- -------- ------------- -------- SERVICER_LOAN_NBR A unique number assigned to a loan by the Text up to 10 Servicer. This may be different than the 10 digits LOAN_NBR. ------------------------------- -------------------------------------------- -------- ------------- -------- BORR_NEXT _PAY_DUE_DATE The date at the end of processing cycle MM/DD/YYYY 10 that the Borrower's next payment is due to the Servicer, as reported by Servicer. ------------------------------- -------------------------------------------- -------- ------------- -------- NOTE_INT_RATE The loan interest rate as reported by the 4 Max length 6 Servicer. of 6 ------------------------------- -------------------------------------------- -------- ------------- -------- ACTL_END _PRIN_BAL The Borrower's actual principal balance at 2 No 11 the end of the processing cycle. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SCHED_END_PRIN_BAL The scheduled principal balance due to the 2 No 11 investors at the end of a processing cycle. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- ACTL_BEG _PRIN_BAL The Borrower's actual principal balance at 2 No 11 the beginning of the processing cycle. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SCHED_BEG_PRIN_BAL The scheduled outstanding principal amount 2 No 11 due at the beginning of the cycle date to commas(,) be passed through to the investors. or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SCHED_PAY_AMT The scheduled monthly principal and 2 No 11 scheduled interest payment that a Borrower commas(,) is expected to pay; P&I constant. or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SCHED_PRIN_ AMT The scheduled principal amount as reported 2 No 11 by the Servicer for the current cycle. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SERV_CURT _AMT_1 The first curtailment amount to be applied. 2 No 11 commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SERV_CURT _AMT_2 The second curtailment amount to be 2 No 11 applied. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SERV_CURT _AMT_3 The third curtailment amount to be applied. 2 No 11 commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- The standard FNMA numeric code used to Action Code 2 indicate the default/delinquent status of Key: a particular loan. 15=Bankruptcy, ACTION_CODE 00xXxxxxxxxxxx, 00xXXX, 00xXXX, 63= Substitution, 65=Repurchase; ------------------------------- -------------------------------------------- -------- ------------- -------- PIF_AMT The loan "paid in full" amount as reported 2 No 11 by the Servicer. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- PIF_DATE The paid in full date as reported by the MM/DD/YYYY 10 Servicer. ------------------------------- -------------------------------------------- -------- ------------- -------- SCHED_GROSS_INTEREST_AMT The amount of interest due on the 2 No 11 outstanding scheduled principal balance in commas(,) the current cycle. or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- LOAN_FEE_AMT The monthly loan fee amount expressed in 2 No 11 dollars and cents. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SERV_FEE_RATE The Servicer's fee rate for a loan as 4 Max length 6 reported by the Servicer. of 6 ------------------------------- -------------------------------------------- -------- ------------- -------- CR_LOSS_AMT The amount of loss that is classified as a 2 No 11 credit. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- FRAUD_LOSS_AMT The amount of loss that is attributable to 2 No 11 a fraud claim. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- BANKRUPTCY_LOSS_AMT The amount of loss due to bankruptcy. 2 No 11 commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SPH_LOSS_AMT The amount of loss that is classified as a 2 No 11 special hazard. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- PREPAY_PENALTY_ AMT The penalty amount received when a 2 No 11 Borrower prepays on his loan as reported commas(,) by the Servicer. or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- PREPAY_PENALTY_ WAIVED The prepayment penalty amount for the loan 2 No 11 waived by the Servicer. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- MOD_DATE The effective payment date of the MM/DD/YYYY 10 modification for the loan. ------------------------------- -------------------------------------------- -------- ------------- -------- MOD_TYPE The modification type. Varchar - 30 value can be alpha or numeric ------------------------------- -------------------------------------------- -------- ------------- -------- DELINQ_P&I_ADVANCE_AMT The current outstanding principal and 2 No 11 interest advances made by the Servicer. commas(,) or dollar signs ($) ------------------------------- -------------------------------------------- -------- ------------- -------- SCHEDULE 1 MORTGAGE LOAN SCHEDULE Loan Number Product Types Arm/Fixed Amortization ----------- ------------- --------- ------------ 1 2/6 MONTH LIBOR Arm Interest In Arrears 2 2/6 MONTH LIBOR Arm Interest In Arrears 3 2/6 MONTH LIBOR Arm Interest In Arrears 4 2/6 MONTH LIBOR Arm Interest In Arrears 5 2/6 MONTH LIBOR Arm Interest In Arrears 6 30YR FXD Fixed Interest In Arrears 7 30YR FXD Fixed Interest In Arrears 8 2/6 MONTH LIBOR Arm Interest In Arrears 9 2/6 MONTH LIBOR Arm Interest In Arrears 10 2/6 MONTH LIBOR Arm Interest In Arrears 11 2/6 MONTH LIBOR Arm Interest In Arrears 12 2/6 MONTH LIBOR Arm Interest In Arrears 13 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 14 15YR BALLOON Fixed Interest In Arrears 15 2/6 MONTH LIBOR Arm Interest In Arrears 16 2/6 MONTH LIBOR Arm Interest In Arrears 17 3/6 MONTH LIBOR Arm Interest In Arrears 18 30YR FXD Fixed Interest In Arrears 19 3/6 MONTH LIBOR Arm Interest In Arrears 20 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 21 2/6 MONTH LIBOR Arm Interest In Arrears 22 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 23 2/6 MONTH LIBOR Arm Interest In Arrears 24 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 25 15YR BALLOON Fixed Interest In Arrears 26 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 27 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 28 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 29 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 30 2/6 MONTH LIBOR Arm Interest In Arrears 31 15YR BALLOON Fixed Interest In Arrears 32 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 33 15YR BALLOON Fixed Interest In Arrears 34 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 35 15YR BALLOON Fixed Interest In Arrears 36 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 37 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 38 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 39 15YR BALLOON Fixed Interest In Arrears 40 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 41 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 42 15YR BALLOON Fixed Interest In Arrears 43 2/6 MONTH LIBOR Arm Interest In Arrears 44 2/6 MONTH LIBOR Arm Interest In Arrears 45 2/6 MONTH LIBOR Arm Interest In Arrears 46 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 47 2/6 MONTH LIBOR Arm Interest In Arrears 48 2/6 MONTH LIBOR Arm Interest In Arrears 49 3/6 MONTH LIBOR Arm Interest In Arrears 50 2/6 MONTH LIBOR Arm Interest In Arrears 51 2/6 MONTH LIBOR Arm Interest In Arrears 52 30YR FXD Fixed Interest In Arrears 53 30YR FXD Fixed Interest In Arrears 54 30YR FXD Fixed Interest In Arrears 55 2/6 MONTH LIBOR Arm Interest In Arrears 56 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 57 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 58 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 59 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 60 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 61 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 62 15YR BALLOON Fixed Interest In Arrears 63 2/6 MONTH LIBOR Arm Interest In Arrears 64 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 65 2/6 MONTH LIBOR Arm Interest In Arrears 66 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 67 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 68 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 69 2/6 MONTH LIBOR Arm Interest In Arrears 70 15YR BALLOON Fixed Interest In Arrears 71 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 72 2/6 MONTH LIBOR Arm Interest In Arrears 73 30YR FXD Fixed Interest In Arrears 74 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 75 15YR BALLOON Fixed Interest In Arrears 76 30YR FXD Fixed Interest In Arrears 77 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 78 2/6 MONTH LIBOR Arm Interest In Arrears 79 30YR FXD Fixed Interest In Arrears 80 2/6 MONTH LIBOR Arm Interest In Arrears 81 2/6 MONTH LIBOR Arm Interest In Arrears 82 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 83 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 84 15YR BALLOON Fixed Interest In Arrears 85 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 86 2/6 MONTH LIBOR Arm Interest In Arrears 87 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 88 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 89 15YR FXD Fixed Interest In Arrears 90 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 91 15YR BALLOON Fixed Interest In Arrears 92 15YR BALLOON Fixed Interest In Arrears 93 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 94 2/6 MONTH LIBOR Arm Interest In Arrears 95 2/6 MONTH LIBOR Arm Interest In Arrears 96 15YR BALLOON Fixed Interest In Arrears 97 15YR BALLOON Fixed Interest In Arrears 98 2/6 MONTH LIBOR Arm Interest In Arrears 99 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 101 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 106 30YR FXD Fixed Interest In Arrears 107 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 108 15YR BALLOON Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 110 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 111 15YR BALLOON Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 113 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 114 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 116 30YR FXD Fixed Interest In Arrears 117 2/6 MONTH LIBOR Arm Interest In Arrears 118 6 MONTH LIBOR Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 122 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 128 15YR BALLOON Fixed Interest In Arrears 129 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 130 15YR BALLOON Fixed Interest In Arrears 131 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 137 30YR FXD Fixed Interest In Arrears 138 30YR FXD Fixed Interest In Arrears 139 30YR FXD Fixed Interest In Arrears 140 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 142 15YR BALLOON Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 144 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 145 15YR BALLOON Fixed Interest In Arrears 146 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 153 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 154 30YR FXD Fixed Interest In Arrears 155 30YR FXD Fixed Interest In Arrears 156 30YR FXD Fixed Interest In Arrears 157 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 158 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 161 30YR FXD Fixed Interest In Arrears 162 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 164 30YR FXD Fixed Interest In Arrears 165 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 167 30YR FXD Fixed Interest In Arrears 168 30YR FXD Fixed Interest In Arrears 169 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 173 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 174 BALLOON OTHER Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 178 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 179 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 182 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 184 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 185 10 YR FIXED Fixed Interest In Arrears 186 30YR FXD Fixed Interest In Arrears 187 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 189 30YR FXD Fixed Interest In Arrears 190 2/6 MONTH LIBOR Arm Interest In Arrears 191 10 YR FIXED Fixed Interest In Arrears 192 30YR FXD Fixed Interest In Arrears 193 30YR FXD Fixed Interest In Arrears 194 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 195 30YR FXD Fixed Interest In Arrears 196 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 198 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 200 30YR FXD Fixed Interest In Arrears 201 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 204 30YR FXD Fixed Interest In Arrears 205 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 207 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 208 30YR FXD Fixed Interest In Arrears 209 30YR FXD Fixed Interest In Arrears 210 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 212 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 213 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 215 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 216 30YR FXD Fixed Interest In Arrears 217 30YR FXD Fixed Interest In Arrears 218 2/6 MONTH LIBOR Arm Interest In Arrears 219 10 YR FIXED Fixed Interest In Arrears 220 30YR FXD Fixed Interest In Arrears 221 15YR FXD Fixed Interest In Arrears 222 30YR FXD Fixed Interest In Arrears 223 30YR FXD Fixed Interest In Arrears 224 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 225 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 227 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 229 30YR FXD Fixed Interest In Arrears 230 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 231 30YR FXD Fixed Interest In Arrears 232 30YR FXD Fixed Interest In Arrears 233 30YR FXD Fixed Interest In Arrears 234 30YR FXD Fixed Interest In Arrears 235 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 236 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 237 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 239 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 241 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 245 30YR FXD Fixed Interest In Arrears 246 2/6 MONTH LIBOR Arm Interest In Arrears 247 10 YR FIXED Fixed Interest In Arrears 248 3/6 MONTH LIBOR Arm Interest In Arrears 249 15YR FXD Fixed Interest In Arrears 250 30YR FXD Fixed Interest In Arrears 251 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 252 30YR FXD Fixed Interest In Arrears 253 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 255 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 257 30YR FXD Fixed Interest In Arrears 258 30YR FXD Fixed Interest In Arrears 259 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 260 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 261 30YR FXD Fixed Interest In Arrears 262 30YR FXD Fixed Interest In Arrears 263 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 265 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 268 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 274 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 276 30YR FXD Fixed Interest In Arrears 277 30YR FXD Fixed Interest In Arrears 278 30YR FXD Fixed Interest In Arrears 279 2/6 MONTH LIBOR Arm Interest In Arrears 280 10 YR FIXED Fixed Interest In Arrears 281 30YR FXD Fixed Interest In Arrears 282 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 284 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 285 10 YR FIXED Fixed Interest In Arrears 286 2/6 MONTH LIBOR Arm Interest In Arrears 287 30YR FXD Fixed Interest In Arrears 288 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 289 10 YR FIXED Fixed Interest In Arrears 290 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 292 30YR FXD Fixed Interest In Arrears 293 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 294 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 296 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 298 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 299 30YR FXD Fixed Interest In Arrears 300 30YR FXD Fixed Interest In Arrears 301 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 304 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 305 30YR FXD Fixed Interest In Arrears 306 30YR FXD Fixed Interest In Arrears 307 30YR FXD Fixed Interest In Arrears 308 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 311 30YR FXD Fixed Interest In Arrears 312 30YR FXD Fixed Interest In Arrears 313 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 315 30YR FXD Fixed Interest In Arrears 316 30YR FXD Fixed Interest In Arrears 317 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 323 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 324 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 326 30YR FXD Fixed Interest In Arrears 327 30YR FXD Fixed Interest In Arrears 328 30YR FXD Fixed Interest In Arrears 329 30YR FXD Fixed Interest In Arrears 330 15YR FXD Fixed Interest In Arrears 331 30YR FXD Fixed Interest In Arrears 332 30YR FXD Fixed Interest In Arrears 333 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 334 30YR FXD Fixed Interest In Arrears 335 30YR FXD Fixed Interest In Arrears 336 30YR FXD Fixed Interest In Arrears 337 30YR FXD Fixed Interest In Arrears 338 30YR FXD Fixed Interest In Arrears 339 30YR FXD Fixed Interest In Arrears 340 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 341 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 343 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 344 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 346 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 352 30YR FXD Fixed Interest In Arrears 353 2/6 MONTH LIBOR Arm Interest In Arrears 354 10 YR FIXED Fixed Interest In Arrears 355 2/6 MONTH LIBOR Arm Interest In Arrears 356 10 YR FIXED Fixed Interest In Arrears 357 2/6 MONTH LIBOR Arm Interest In Arrears 358 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 360 30YR FXD Fixed Interest In Arrears 361 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 362 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 364 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 366 2/6 MONTH LIBOR Arm Interest In Arrears 367 10 YR FIXED Fixed Interest In Arrears 368 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 371 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 373 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 375 15YR FXD Fixed Interest In Arrears 376 30YR FXD Fixed Interest In Arrears 377 2/6 MONTH LIBOR Arm Interest In Arrears 378 10 YR FIXED Fixed Interest In Arrears 379 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 381 30YR FXD Fixed Interest In Arrears 382 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 388 30YR FXD Fixed Interest In Arrears 389 30YR FXD Fixed Interest In Arrears 390 15YR FXD Fixed Interest In Arrears 391 30YR FXD Fixed Interest In Arrears 392 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 396 30YR FXD Fixed Interest In Arrears 397 30YR FXD Fixed Interest In Arrears 398 2/6 MONTH LIBOR Arm Interest In Arrears 399 10 YR FIXED Fixed Interest In Arrears 400 2/6 MONTH LIBOR Arm Interest In Arrears 401 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 403 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 405 30YR FXD Fixed Interest In Arrears 406 10 YR FIXED Fixed Interest In Arrears 407 2/6 MONTH LIBOR Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 409 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 411 30YR FXD Fixed Interest In Arrears 412 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 414 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 416 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 420 30YR FXD Fixed Interest In Arrears 421 15YR FXD Fixed Interest In Arrears 422 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 424 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 427 15YR FXD Fixed Interest In Arrears 428 30YR FXD Fixed Interest In Arrears 429 30YR FXD Fixed Interest In Arrears 430 2/6 MONTH LIBOR Arm Interest In Arrears 431 10 YR FIXED Fixed Interest In Arrears 432 2/6 MONTH LIBOR Arm Interest In Arrears 433 30YR FXD Fixed Interest In Arrears 434 10 YR FIXED Fixed Interest In Arrears 435 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 436 10 YR FIXED Fixed Interest In Arrears 437 10 YR FIXED Fixed Interest In Arrears 438 2/6 MONTH LIBOR Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 441 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 442 10 YR FIXED Fixed Interest In Arrears 443 2/6 MONTH LIBOR Arm Interest In Arrears 444 10 YR FIXED Fixed Interest In Arrears 445 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 447 30YR FXD Fixed Interest In Arrears 448 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 451 30YR FXD Fixed Interest In Arrears 452 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 453 30YR FXD Fixed Interest In Arrears 454 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 458 30YR FXD Fixed Interest In Arrears 459 30YR FXD Fixed Interest In Arrears 460 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 462 30YR FXD Fixed Interest In Arrears 463 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 465 20YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 470 30YR FXD Fixed Interest In Arrears 471 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 473 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 478 30YR FXD Fixed Interest In Arrears 479 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 481 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 482 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 484 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 487 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 489 30YR FXD Fixed Interest In Arrears 490 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 491 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 493 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 494 30YR FXD Fixed Interest In Arrears 495 15YR FXD Fixed Interest In Arrears 496 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 498 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 500 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 502 15YR FXD Fixed Interest In Arrears 503 30YR FXD Fixed Interest In Arrears 504 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 505 15YR FXD Fixed Interest In Arrears 506 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 508 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 510 30YR FXD Fixed Interest In Arrears 511 30YR FXD Fixed Interest In Arrears 512 15YR FXD Fixed Interest In Arrears 513 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 515 30YR FXD Fixed Interest In Arrears 516 30YR FXD Fixed Interest In Arrears 517 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 521 30YR FXD Fixed Interest In Arrears 522 15YR FXD Fixed Interest In Arrears 523 30YR FXD Fixed Interest In Arrears 524 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 526 2/6 MONTH LIBOR Arm Interest In Arrears 527 10 YR FIXED Fixed Interest In Arrears 528 2/6 MONTH LIBOR Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 530 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 538 30YR FXD Fixed Interest In Arrears 539 2/6 MONTH LIBOR Arm Interest In Arrears 540 10 YR FIXED Fixed Interest In Arrears 541 2/6 MONTH LIBOR Arm Interest In Arrears 542 10 YR FIXED Fixed Interest In Arrears 543 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 545 30YR FXD Fixed Interest In Arrears 546 10 YR FIXED Fixed Interest In Arrears 547 15YR FXD Fixed Interest In Arrears 548 10 YR FIXED Fixed Interest In Arrears 549 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 551 30YR FXD Fixed Interest In Arrears 552 30YR FXD Fixed Interest In Arrears 553 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 557 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 559 30YR FXD Fixed Interest In Arrears 560 15YR FXD Fixed Interest In Arrears 561 10 YR FIXED Fixed Interest In Arrears 562 2/6 MONTH LIBOR Arm Interest In Arrears 563 30YR FXD Fixed Interest In Arrears 564 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 566 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 569 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 570 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 573 30YR FXD Fixed Interest In Arrears 574 10 YR FIXED Fixed Interest In Arrears 575 3/6 MONTH LIBOR Arm Interest In Arrears 576 30YR FXD Fixed Interest In Arrears 577 30YR FXD Fixed Interest In Arrears 578 30YR FXD Fixed Interest In Arrears 579 15YR FXD Fixed Interest In Arrears 580 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 581 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 584 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 586 15YR FXD Fixed Interest In Arrears 587 30YR FXD Fixed Interest In Arrears 588 30YR FXD Fixed Interest In Arrears 589 15YR FXD Fixed Interest In Arrears 590 30YR FXD Fixed Interest In Arrears 591 30YR FXD Fixed Interest In Arrears 592 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 594 30YR FXD Fixed Interest In Arrears 595 30YR FXD Fixed Interest In Arrears 596 15YR FXD Fixed Interest In Arrears 597 30YR FXD Fixed Interest In Arrears 598 10 YR FIXED Fixed Interest In Arrears 599 2/6 MONTH LIBOR Arm Interest In Arrears 600 30YR FXD Fixed Interest In Arrears 601 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 604 2/6 MONTH LIBOR Arm Interest In Arrears 605 10 YR FIXED Fixed Interest In Arrears 606 30YR FXD Fixed Interest In Arrears 607 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 608 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 617 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 619 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 620 30YR FXD Fixed Interest In Arrears 621 30YR FXD Fixed Interest In Arrears 622 15YR FXD Fixed Interest In Arrears 623 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 626 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 629 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 632 2/6 MONTH LIBOR Arm Interest In Arrears 633 10 YR FIXED Fixed Interest In Arrears 634 30YR FXD Fixed Interest In Arrears 635 30YR FXD Fixed Interest In Arrears 636 2/6 MONTH LIBOR Arm Interest In Arrears 637 10 YR FIXED Fixed Interest In Arrears 638 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 639 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 641 2/6 MONTH LIBOR Arm Interest In Arrears 642 10 YR FIXED Fixed Interest In Arrears 643 2/6 MONTH LIBOR Arm Interest In Arrears 644 30YR FXD Fixed Interest In Arrears 645 30YR FXD Fixed Interest In Arrears 646 30YR FXD Fixed Interest In Arrears 647 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 648 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 650 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 657 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 658 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 659 30YR FXD Fixed Interest In Arrears 660 30YR FXD Fixed Interest In Arrears 661 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 662 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 664 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 670 30YR FXD Fixed Interest In Arrears 671 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 675 30YR FXD Fixed Interest In Arrears 676 15YR FXD Fixed Interest In Arrears 677 30YR FXD Fixed Interest In Arrears 678 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 681 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 689 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 691 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 694 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 696 30YR FXD Fixed Interest In Arrears 697 30YR FXD Fixed Interest In Arrears 698 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 700 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 702 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 704 30YR FXD Fixed Interest In Arrears 705 30YR FXD Fixed Interest In Arrears 706 2/6 MONTH LIBOR Arm Interest In Arrears 707 10 YR FIXED Fixed Interest In Arrears 708 2/6 MONTH LIBOR Arm Interest In Arrears 709 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 714 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 716 30YR FXD Fixed Interest In Arrears 717 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 720 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 723 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 727 2/6 MONTH LIBOR Arm Interest In Arrears 728 10 YR FIXED Fixed Interest In Arrears 729 2/6 MONTH LIBOR Arm Interest In Arrears 730 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 732 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 734 30YR FXD Fixed Interest In Arrears 735 2/6 MONTH LIBOR Arm Interest In Arrears 736 10 YR FIXED Fixed Interest In Arrears 737 2/6 MONTH LIBOR Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 740 30YR FXD Fixed Interest In Arrears 741 15YR FXD Fixed Interest In Arrears 742 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 744 30YR FXD Fixed Interest In Arrears 745 30YR FXD Fixed Interest In Arrears 746 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 748 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 750 2/6 MONTH LIBOR Arm Interest In Arrears 751 10 YR FIXED Fixed Interest In Arrears 752 2/6 MONTH LIBOR Arm Interest In Arrears 753 30YR FXD Fixed Interest In Arrears 754 30YR FXD Fixed Interest In Arrears 755 30YR FXD Fixed Interest In Arrears 756 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 758 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 761 30YR FXD Fixed Interest In Arrears 762 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 764 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 765 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 773 30YR FXD Fixed Interest In Arrears 774 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 777 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 779 30YR FXD Fixed Interest In Arrears 780 30YR FXD Fixed Interest In Arrears 781 15YR BALLOON Fixed Interest In Arrears 782 15YR BALLOON Fixed Interest In Arrears 783 15YR BALLOON Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 785 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 789 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 791 30YR FXD Fixed Interest In Arrears 792 20YR FXD Fixed Interest In Arrears 793 30YR FXD Fixed Interest In Arrears 794 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 796 15YR FXD Fixed Interest In Arrears 797 15YR FXD Fixed Interest In Arrears 798 30YR FXD Fixed Interest In Arrears 799 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 801 30YR FXD Fixed Interest In Arrears 802 30YR FXD Fixed Interest In Arrears 803 15YR FXD Fixed Interest In Arrears 804 10 YR FIXED Fixed Interest In Arrears 805 2/6 MONTH LIBOR Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 809 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 812 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 814 30YR FXD Fixed Interest In Arrears 815 30YR FXD Fixed Interest In Arrears 816 30YR FXD Fixed Interest In Arrears 817 30YR FXD Fixed Interest In Arrears 818 10 YR FIXED Fixed Interest In Arrears 819 2/6 MONTH LIBOR Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 828 30YR FXD Fixed Interest In Arrears 829 30YR FXD Fixed Interest In Arrears 830 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 832 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 834 30YR FXD Fixed Interest In Arrears 835 10 YR FIXED Fixed Interest In Arrears 836 2/6 MONTH LIBOR Arm Interest In Arrears 837 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 840 2/6 MONTH LIBOR Arm Interest In Arrears 841 10 YR FIXED Fixed Interest In Arrears 842 10 YR FIXED Fixed Interest In Arrears 843 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 848 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 849 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 852 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 854 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 857 30YR FXD Fixed Interest In Arrears 858 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 860 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 862 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 863 15YR FXD Fixed Interest In Arrears 864 30YR FXD Fixed Interest In Arrears 865 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 868 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 872 30YR FXD Fixed Interest In Arrears 873 10 YR FIXED Fixed Interest In Arrears 874 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 877 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 879 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 880 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 881 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 884 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 885 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 886 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 887 30YR FXD Fixed Interest In Arrears 888 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 889 30YR FXD Fixed Interest In Arrears 890 15YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 893 30YR FXD Fixed Interest In Arrears 894 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 896 30YR FXD Fixed Interest In Arrears 897 10 YR FIXED Fixed Interest In Arrears 898 30YR FXD Fixed Interest In Arrears 899 30YR FXD Fixed Interest In Arrears 900 30YR FXD Fixed Interest In Arrears 901 10 YR FIXED Fixed Interest In Arrears 902 30YR FXD Fixed Interest In Arrears 903 2/6 MONTH LIBOR Arm Interest In Arrears 904 10 YR FIXED Fixed Interest In Arrears 905 2/6 MONTH LIBOR Arm Interest In Arrears 906 30YR FXD Fixed Interest In Arrears 907 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 910 2/6 MONTH LIBOR Arm Interest In Arrears 911 10 YR FIXED Fixed Interest In Arrears 912 30YR FXD Fixed Interest In Arrears 913 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 915 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 919 30YR FXD Fixed Interest In Arrears 920 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 922 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 925 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 927 30YR FXD Fixed Interest In Arrears 928 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 930 30YR FXD Fixed Interest In Arrears 931 30YR FXD Fixed Interest In Arrears 932 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 934 15YR FXD Fixed Interest In Arrears 935 30YR FXD Fixed Interest In Arrears 936 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 938 15YR FXD Fixed Interest In Arrears 939 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 940 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 943 30YR FXD Fixed Interest In Arrears 944 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 946 30YR FXD Fixed Interest In Arrears 947 30YR FXD Fixed Interest In Arrears 948 30YR FXD Fixed Interest In Arrears 949 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 952 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 954 30YR FXD Fixed Interest In Arrears 955 30YR FXD Fixed Interest In Arrears 956 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 958 30YR FXD Fixed Interest In Arrears 959 30YR FXD Fixed Interest In Arrears 960 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 962 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 964 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 966 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 969 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 970 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 974 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 977 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 979 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 981 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 982 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 987 30YR FXD Fixed Interest In Arrears 988 30YR FXD Fixed Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 992 30YR FXD Fixed Interest In Arrears 993 20YR FXD Fixed Interest In Arrears 994 10 YR FIXED Fixed Interest In Arrears 995 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 000 0/0 XXXXX XXXXX Xxx Interest In Arrears 999 2/6 MONTH LIBOR Arm Interest In Arrears 1000 15YR FXD Fixed Interest In Arrears 1001 15YR FXD Fixed Interest In Arrears 1002 2/6 MONTH LIBOR Arm Interest In Arrears 1003 30YR FXD Fixed Interest In Arrears 1004 2/6 MONTH LIBOR Arm Interest In Arrears 1005 2/6 MONTH LIBOR Arm Interest In Arrears 1006 2/6 MONTH LIBOR Arm Interest In Arrears 1007 2/6 MONTH LIBOR Arm Interest In Arrears 1008 30YR FXD Fixed Interest In Arrears 1009 15YR FXD Fixed Interest In Arrears 1010 2/6 MONTH LIBOR Arm Interest In Arrears 1011 10 YR FIXED Fixed Interest In Arrears 1012 30YR FXD Fixed Interest In Arrears 1013 2/6 MONTH LIBOR Arm Interest In Arrears 1014 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1016 10 YR FIXED Fixed Interest In Arrears 1017 2/6 MONTH LIBOR Arm Interest In Arrears 1018 30YR FXD Fixed Interest In Arrears 1019 2/6 MONTH LIBOR Arm Interest In Arrears 1020 30YR FXD Fixed Interest In Arrears 1021 2/6 MONTH LIBOR Arm Interest In Arrears 1022 2/6 MONTH LIBOR Arm Interest In Arrears 1023 30YR FXD Fixed Interest In Arrears 1024 30YR FXD Fixed Interest In Arrears 1025 30YR FXD Fixed Interest In Arrears 1026 2/6 MONTH LIBOR Arm Interest In Arrears 1027 2/6 MONTH LIBOR Arm Interest In Arrears 1028 30YR FXD Fixed Interest In Arrears 1029 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1031 30YR FXD Fixed Interest In Arrears 1032 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1033 30YR FXD Fixed Interest In Arrears 1034 2/6 MONTH LIBOR Arm Interest In Arrears 1035 30YR FXD Fixed Interest In Arrears 1036 10 YR FIXED Fixed Interest In Arrears 1037 2/6 MONTH LIBOR Arm Interest In Arrears 1038 2/6 MONTH LIBOR Arm Interest In Arrears 1039 30YR FXD Fixed Interest In Arrears 1040 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1041 10 YR FIXED Fixed Interest In Arrears 1042 2/6 MONTH LIBOR Arm Interest In Arrears 1043 2/6 MONTH LIBOR Arm Interest In Arrears 1044 30YR FXD Fixed Interest In Arrears 1045 2/6 MONTH LIBOR Arm Interest In Arrears 1046 2/6 MONTH LIBOR Arm Interest In Arrears 1047 30YR FXD Fixed Interest In Arrears 1048 2/6 MONTH LIBOR Arm Interest In Arrears 1049 2/6 MONTH LIBOR Arm Interest In Arrears 1050 2/6 MONTH LIBOR Arm Interest In Arrears 1051 2/6 MONTH LIBOR Arm Interest In Arrears 1052 2/6 MONTH LIBOR Arm Interest In Arrears 1053 2/6 MONTH LIBOR Arm Interest In Arrears 1054 10 YR FIXED Fixed Interest In Arrears 1055 2/6 MONTH LIBOR Arm Interest In Arrears 1056 2/6 MONTH LIBOR Arm Interest In Arrears 1057 2/6 MONTH LIBOR Arm Interest In Arrears 1058 10 YR FIXED Fixed Interest In Arrears 1059 2/6 MONTH LIBOR Arm Interest In Arrears 1060 2/6 MONTH LIBOR Arm Interest In Arrears 1061 15YR FXD Fixed Interest In Arrears 1062 30YR FXD Fixed Interest In Arrears 1063 2/6 MONTH LIBOR Arm Interest In Arrears 1064 30YR FXD Fixed Interest In Arrears 1065 30YR FXD Fixed Interest In Arrears 1066 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1067 15YR FXD Fixed Interest In Arrears 1068 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1069 30YR FXD Fixed Interest In Arrears 1070 30YR FXD Fixed Interest In Arrears 1071 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1073 2/6 MONTH LIBOR Arm Interest In Arrears 1074 30YR FXD Fixed Interest In Arrears 1075 30YR FXD Fixed Interest In Arrears 1076 2/6 MONTH LIBOR Arm Interest In Arrears 1077 30YR FXD Fixed Interest In Arrears 1078 2/6 MONTH LIBOR Arm Interest In Arrears 1079 2/6 MONTH LIBOR Arm Interest In Arrears 1080 30YR FXD Fixed Interest In Arrears 1081 30YR FXD Fixed Interest In Arrears 1082 2/6 MONTH LIBOR Arm Interest In Arrears 1083 15YR FXD Fixed Interest In Arrears 1084 2/6 MONTH LIBOR Arm Interest In Arrears 1085 2/6 MONTH LIBOR Arm Interest In Arrears 1086 2/6 MONTH LIBOR Arm Interest In Arrears 1087 30YR FXD Fixed Interest In Arrears 1088 2/6 MONTH LIBOR Arm Interest In Arrears 1089 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1090 30YR FXD Fixed Interest In Arrears 1091 2/6 MONTH LIBOR Arm Interest In Arrears 1092 30YR FXD Fixed Interest In Arrears 1093 30YR FXD Fixed Interest In Arrears 1094 2/6 MONTH LIBOR Arm Interest In Arrears 1095 2/6 MONTH LIBOR Arm Interest In Arrears 1096 2/6 MONTH LIBOR Arm Interest In Arrears 1097 2/6 MONTH LIBOR Arm Interest In Arrears 1098 2/6 MONTH LIBOR Arm Interest In Arrears 1099 30YR FXD Fixed Interest In Arrears 1100 30YR FXD Fixed Interest In Arrears 1101 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1103 2/6 MONTH LIBOR Arm Interest In Arrears 1104 2/6 MONTH LIBOR Arm Interest In Arrears 1105 2/6 MONTH LIBOR Arm Interest In Arrears 1106 30YR FXD Fixed Interest In Arrears 1107 2/6 MONTH LIBOR Arm Interest In Arrears 1108 2/6 MONTH LIBOR Arm Interest In Arrears 1109 2/6 MONTH LIBOR Arm Interest In Arrears 1110 2/6 MONTH LIBOR Arm Interest In Arrears 1111 30YR FXD Fixed Interest In Arrears 1112 30YR FXD Fixed Interest In Arrears 1113 2/6 MONTH LIBOR Arm Interest In Arrears 1114 2/6 MONTH LIBOR Arm Interest In Arrears 1115 2/6 MONTH LIBOR Arm Interest In Arrears 1116 2/6 MONTH LIBOR Arm Interest In Arrears 1117 30YR FXD Fixed Interest In Arrears 1118 30YR FXD Fixed Interest In Arrears 1119 30YR FXD Fixed Interest In Arrears 1120 2/6 MONTH LIBOR Arm Interest In Arrears 1121 30YR FXD Fixed Interest In Arrears 1122 2/6 MONTH LIBOR Arm Interest In Arrears 1123 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1124 30YR FXD Fixed Interest In Arrears 1125 2/6 MONTH LIBOR Arm Interest In Arrears 1126 2/6 MONTH LIBOR Arm Interest In Arrears 1127 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1128 30YR FXD Fixed Interest In Arrears 1129 2/6 MONTH LIBOR Arm Interest In Arrears 1130 2/6 MONTH LIBOR Arm Interest In Arrears 1131 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1132 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1133 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1134 30YR FXD Fixed Interest In Arrears 1135 2/6 MONTH LIBOR Arm Interest In Arrears 1136 2/6 MONTH LIBOR Arm Interest In Arrears 1137 30YR FXD Fixed Interest In Arrears 1138 30YR FXD Fixed Interest In Arrears 1139 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1140 30YR FXD Fixed Interest In Arrears 1141 10 YR FIXED Fixed Interest In Arrears 1142 30YR FXD Fixed Interest In Arrears 1143 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1144 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1145 30YR FXD Fixed Interest In Arrears 1146 2/6 MONTH LIBOR Arm Interest In Arrears 1147 30YR FXD Fixed Interest In Arrears 1148 15YR FXD Fixed Interest In Arrears 1149 30YR FXD Fixed Interest In Arrears 1150 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1151 30YR FXD Fixed Interest In Arrears 1152 2/6 MONTH LIBOR Arm Interest In Arrears 1153 2/6 MONTH LIBOR Arm Interest In Arrears 1154 30YR FXD Fixed Interest In Arrears 1155 15YR FXD Fixed Interest In Arrears 1156 30YR FXD Fixed Interest In Arrears 1157 2/6 MONTH LIBOR Arm Interest In Arrears 1158 2/6 MONTH LIBOR Arm Interest In Arrears 1159 30YR FXD Fixed Interest In Arrears 1160 10 YR FIXED Fixed Interest In Arrears 1161 30YR FXD Fixed Interest In Arrears 1162 5/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1163 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1164 30YR FXD Fixed Interest In Arrears 1165 30YR FXD Fixed Interest In Arrears 1166 BALLOON OTHER Fixed Interest In Arrears 1167 30YR FXD Fixed Interest In Arrears 1168 2/6 MONTH LIBOR Arm Interest In Arrears 1169 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1171 30YR FXD Fixed Interest In Arrears 1172 30YR FXD Fixed Interest In Arrears 1173 10 YR FIXED Fixed Interest In Arrears 1174 2/6 MONTH LIBOR Arm Interest In Arrears 1175 2/6 MONTH LIBOR Arm Interest In Arrears 1176 30YR FXD Fixed Interest In Arrears 1177 30YR FXD Fixed Interest In Arrears 1178 2/6 MONTH LIBOR Arm Interest In Arrears 1179 30YR FXD Fixed Interest In Arrears 1180 2/6 MONTH LIBOR Arm Interest In Arrears 1181 2/6 MONTH LIBOR Arm Interest In Arrears 1182 2/6 MONTH LIBOR Arm Interest In Arrears 1183 30YR FXD Fixed Interest In Arrears 1184 2/6 MONTH LIBOR Arm Interest In Arrears 1185 30YR FXD Fixed Interest In Arrears 1186 30YR FXD Fixed Interest In Arrears 1187 30YR FXD Fixed Interest In Arrears 1188 30YR FXD Fixed Interest In Arrears 1189 2/6 MONTH LIBOR Arm Interest In Arrears 1190 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1192 30YR FXD Fixed Interest In Arrears 1193 2/6 MONTH LIBOR Arm Interest In Arrears 1194 2/6 MONTH LIBOR Arm Interest In Arrears 1195 30YR FXD Fixed Interest In Arrears 1196 10 YR FIXED Fixed Interest In Arrears 1197 2/6 MONTH LIBOR Arm Interest In Arrears 1198 30YR FXD Fixed Interest In Arrears 1199 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1200 30YR FXD Fixed Interest In Arrears 1201 30YR FXD Fixed Interest In Arrears 1202 2/6 MONTH LIBOR Arm Interest In Arrears 1203 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1204 2/6 MONTH LIBOR Arm Interest In Arrears 1205 2/6 MONTH LIBOR Arm Interest In Arrears 1206 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1207 30YR FXD Fixed Interest In Arrears 1208 2/6 MONTH LIBOR Arm Interest In Arrears 1209 2/6 MONTH LIBOR Arm Interest In Arrears 1210 2/6 MONTH LIBOR Arm Interest In Arrears 1211 30YR FXD Fixed Interest In Arrears 1212 30YR FXD Fixed Interest In Arrears 1213 15YR FXD Fixed Interest In Arrears 1214 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1216 2/6 MONTH LIBOR Arm Interest In Arrears 1217 2/6 MONTH LIBOR Arm Interest In Arrears 1218 2/6 MONTH LIBOR Arm Interest In Arrears 1219 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1221 2/6 MONTH LIBOR Arm Interest In Arrears 1222 30YR FXD Fixed Interest In Arrears 1223 2/6 MONTH LIBOR Arm Interest In Arrears 1224 30YR FXD Fixed Interest In Arrears 1225 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1227 2/6 MONTH LIBOR Arm Interest In Arrears 1228 30YR FXD Fixed Interest In Arrears 1229 2/6 MONTH LIBOR Arm Interest In Arrears 1230 2/6 MONTH LIBOR Arm Interest In Arrears 1231 2/6 MONTH LIBOR Arm Interest In Arrears 1232 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1234 2/6 MONTH LIBOR Arm Interest In Arrears 1235 10 YR FIXED Fixed Interest In Arrears 1236 30YR FXD Fixed Interest In Arrears 1237 2/6 MONTH LIBOR Arm Interest In Arrears 1238 30YR FXD Fixed Interest In Arrears 1239 2/6 MONTH LIBOR Arm Interest In Arrears 1240 30YR FXD Fixed Interest In Arrears 1241 30YR FXD Fixed Interest In Arrears 1242 30YR FXD Fixed Interest In Arrears 1243 2/6 MONTH LIBOR Arm Interest In Arrears 1244 2/6 MONTH LIBOR Arm Interest In Arrears 1245 2/6 MONTH LIBOR Arm Interest In Arrears 1246 10 YR FIXED Fixed Interest In Arrears 1247 10 YR FIXED Fixed Interest In Arrears 1248 30YR FXD Fixed Interest In Arrears 1249 10 YR FIXED Fixed Interest In Arrears 1250 30YR FXD Fixed Interest In Arrears 1251 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1252 15YR FXD Fixed Interest In Arrears 1253 30YR FXD Fixed Interest In Arrears 1254 2/6 MONTH LIBOR Arm Interest In Arrears 1255 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1256 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1258 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1259 2/6 MONTH LIBOR Arm Interest In Arrears 1260 2/6 MONTH LIBOR Arm Interest In Arrears 1261 2/6 MONTH LIBOR Arm Interest In Arrears 1262 2/6 MONTH LIBOR Arm Interest In Arrears 1263 10 YR FIXED Fixed Interest In Arrears 1264 30YR FXD Fixed Interest In Arrears 1265 2/6 MONTH LIBOR Arm Interest In Arrears 1266 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1267 30YR FXD Fixed Interest In Arrears 1268 2/6 MONTH LIBOR Arm Interest In Arrears 1269 30YR FXD Fixed Interest In Arrears 1270 30YR FXD Fixed Interest In Arrears 1271 2/6 MONTH LIBOR Arm Interest In Arrears 1272 30YR FXD Fixed Interest In Arrears 1273 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1275 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1277 30YR FXD Fixed Interest In Arrears 1278 30YR FXD Fixed Interest In Arrears 1279 30YR FXD Fixed Interest In Arrears 1280 30YR FXD Fixed Interest In Arrears 1281 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1282 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1283 30YR FXD Fixed Interest In Arrears 1284 2/6 MONTH LIBOR Arm Interest In Arrears 1285 30YR FXD Fixed Interest In Arrears 1286 30YR FXD Fixed Interest In Arrears 1287 2/6 MONTH LIBOR Arm Interest In Arrears 1288 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1290 30YR FXD Fixed Interest In Arrears 1291 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1292 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1294 30YR FXD Fixed Interest In Arrears 1295 30YR FXD Fixed Interest In Arrears 1296 30YR FXD Fixed Interest In Arrears 1297 2/6 MONTH LIBOR Arm Interest In Arrears 1298 2/6 MONTH LIBOR Arm Interest In Arrears 1299 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1300 10 YR FIXED Fixed Interest In Arrears 1301 30YR FXD Fixed Interest In Arrears 1302 10 YR FIXED Fixed Interest In Arrears 1303 30YR FXD Fixed Interest In Arrears 1304 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1305 30YR FXD Fixed Interest In Arrears 1306 2/6 MONTH LIBOR Arm Interest In Arrears 1307 2/6 MONTH LIBOR Arm Interest In Arrears 1308 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1309 30YR FXD Fixed Interest In Arrears 1310 15YR FXD Fixed Interest In Arrears 1311 30YR FXD Fixed Interest In Arrears 1312 30YR FXD Fixed Interest In Arrears 1313 30YR FXD Fixed Interest In Arrears 1314 30YR FXD Fixed Interest In Arrears 1315 30YR FXD Fixed Interest In Arrears 1316 30YR FXD Fixed Interest In Arrears 1317 30YR FXD Fixed Interest In Arrears 1318 3/6 MONTH LIBOR Arm Interest In Arrears 1319 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1320 30YR FXD Fixed Interest In Arrears 1321 30YR FXD Fixed Interest In Arrears 1322 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1323 30YR FXD Fixed Interest In Arrears 1324 30YR FXD Fixed Interest In Arrears 1325 30YR FXD Fixed Interest In Arrears 1326 30YR FXD Fixed Interest In Arrears 1327 2/6 MONTH LIBOR Arm Interest In Arrears 1328 2/6 MONTH LIBOR Arm Interest In Arrears 1329 2/6 MONTH LIBOR Arm Interest In Arrears 1330 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1332 2/6 MONTH LIBOR Arm Interest In Arrears 1333 2/6 MONTH LIBOR Arm Interest In Arrears 1334 2/6 MONTH LIBOR Arm Interest In Arrears 1335 30YR FXD Fixed Interest In Arrears 1336 30YR FXD Fixed Interest In Arrears 1337 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1338 30YR FXD Fixed Interest In Arrears 1339 2/6 MONTH LIBOR Arm Interest In Arrears 1340 2/6 MONTH LIBOR Arm Interest In Arrears 1341 30YR FXD Fixed Interest In Arrears 1342 30YR FXD Fixed Interest In Arrears 1343 30YR FXD Fixed Interest In Arrears 1344 15YR FXD Fixed Interest In Arrears 1345 30YR FXD Fixed Interest In Arrears 1346 30YR FXD Fixed Interest In Arrears 1347 15YR FXD Fixed Interest In Arrears 1348 30YR FXD Fixed Interest In Arrears 1349 2/6 MONTH LIBOR Arm Interest In Arrears 1350 2/6 MONTH LIBOR Arm Interest In Arrears 1351 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1352 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1353 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1354 30YR FXD Fixed Interest In Arrears 1355 2/6 MONTH LIBOR Arm Interest In Arrears 1356 2/6 MONTH LIBOR Arm Interest In Arrears 1357 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1358 30YR FXD Fixed Interest In Arrears 1359 30YR FXD Fixed Interest In Arrears 1360 2/6 MONTH LIBOR Arm Interest In Arrears 1361 30YR FXD Fixed Interest In Arrears 1362 2/6 MONTH LIBOR Arm Interest In Arrears 1363 30YR FXD Fixed Interest In Arrears 1364 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1366 30YR FXD Fixed Interest In Arrears 1367 30YR FXD Fixed Interest In Arrears 1368 30YR FXD Fixed Interest In Arrears 1369 2/6 MONTH LIBOR Arm Interest In Arrears 1370 2/6 MONTH LIBOR Arm Interest In Arrears 1371 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1372 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1373 30YR FXD Fixed Interest In Arrears 1374 30YR FXD Fixed Interest In Arrears 1375 30YR FXD Fixed Interest In Arrears 1376 2/6 MONTH LIBOR Arm Interest In Arrears 1377 30YR FXD Fixed Interest In Arrears 1378 30YR FXD Fixed Interest In Arrears 1379 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1381 30YR FXD Fixed Interest In Arrears 1382 2/6 MONTH LIBOR Arm Interest In Arrears 1383 30YR FXD Fixed Interest In Arrears 1384 30YR FXD Fixed Interest In Arrears 1385 30YR FXD Fixed Interest In Arrears 1386 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1387 30YR FXD Fixed Interest In Arrears 1388 30YR FXD Fixed Interest In Arrears 1389 30YR FXD Fixed Interest In Arrears 1390 2/6 MONTH LIBOR Arm Interest In Arrears 1391 2/6 MONTH LIBOR Arm Interest In Arrears 1392 30YR FXD Fixed Interest In Arrears 1393 30YR FXD Fixed Interest In Arrears 1394 2/6 MONTH LIBOR Arm Interest In Arrears 1395 2/6 MONTH LIBOR Arm Interest In Arrears 1396 15YR FXD Fixed Interest In Arrears 1397 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1398 30YR FXD Fixed Interest In Arrears 1399 30YR FXD Fixed Interest In Arrears 1400 30YR FXD Fixed Interest In Arrears 1401 2/6 MONTH LIBOR Arm Interest In Arrears 1402 30YR FXD Fixed Interest In Arrears 1403 30YR FXD Fixed Interest In Arrears 1404 2/6 MONTH LIBOR Arm Interest In Arrears 1405 2/6 MONTH LIBOR Arm Interest In Arrears 1406 30YR FXD Fixed Interest In Arrears 1407 2/6 MONTH LIBOR Arm Interest In Arrears 1408 2/6 MONTH LIBOR Arm Interest In Arrears 1409 2/6 MONTH LIBOR Arm Interest In Arrears 1410 2/6 MONTH LIBOR Arm Interest In Arrears 1411 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1412 30YR FXD Fixed Interest In Arrears 1413 30YR FXD Fixed Interest In Arrears 1414 30YR FXD Fixed Interest In Arrears 1415 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1416 2/6 MONTH LIBOR Arm Interest In Arrears 1417 10 YR FIXED Fixed Interest In Arrears 1418 2/6 MONTH LIBOR Arm Interest In Arrears 1419 2/6 MONTH LIBOR Arm Interest In Arrears 1420 2/6 MONTH LIBOR Arm Interest In Arrears 1421 2/6 MONTH LIBOR Arm Interest In Arrears 1422 2/6 MONTH LIBOR Arm Interest In Arrears 1423 2/6 MONTH LIBOR Arm Interest In Arrears 1424 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1425 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1426 30YR FXD Fixed Interest In Arrears 1427 30YR FXD Fixed Interest In Arrears 1428 30YR FXD Fixed Interest In Arrears 1429 30YR FXD Fixed Interest In Arrears 1430 30YR FXD Fixed Interest In Arrears 1431 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1433 2/6 MONTH LIBOR Arm Interest In Arrears 1434 30YR FXD Fixed Interest In Arrears 1435 30YR FXD Fixed Interest In Arrears 1436 2/6 MONTH LIBOR Arm Interest In Arrears 1437 2/6 MONTH LIBOR Arm Interest In Arrears 1438 2/6 MONTH LIBOR Arm Interest In Arrears 1439 30YR FXD Fixed Interest In Arrears 1440 15YR FXD Fixed Interest In Arrears 1441 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1442 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1443 30YR FXD Fixed Interest In Arrears 1444 2/6 MONTH LIBOR Arm Interest In Arrears 1445 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1446 30YR FXD Fixed Interest In Arrears 1447 5/6 MONTH LIBOR Arm Interest In Arrears 1448 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1450 2/6 MONTH LIBOR Arm Interest In Arrears 1451 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1452 30YR FXD Fixed Interest In Arrears 1453 2/6 MONTH LIBOR Arm Interest In Arrears 1454 30YR FXD Fixed Interest In Arrears 1455 30YR FXD Fixed Interest In Arrears 1456 30YR FXD Fixed Interest In Arrears 1457 2/6 MONTH LIBOR Arm Interest In Arrears 1458 30YR FXD Fixed Interest In Arrears 1459 2/6 MONTH LIBOR Arm Interest In Arrears 1460 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1461 30YR FXD Fixed Interest In Arrears 1462 2/6 MONTH LIBOR Arm Interest In Arrears 1463 30YR FXD Fixed Interest In Arrears 1464 30YR FXD Fixed Interest In Arrears 1465 30YR FXD Fixed Interest In Arrears 1466 2/6 MONTH LIBOR Arm Interest In Arrears 1467 30YR FXD Fixed Interest In Arrears 1468 30YR FXD Fixed Interest In Arrears 1469 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1471 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1473 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1474 2/6 MONTH LIBOR Arm Interest In Arrears 1475 2/6 MONTH LIBOR Arm Interest In Arrears 1476 30YR FXD Fixed Interest In Arrears 1477 2/6 MONTH LIBOR Arm Interest In Arrears 1478 30YR FXD Fixed Interest In Arrears 1479 10 YR FIXED Fixed Interest In Arrears 1480 10 YR FIXED Fixed Interest In Arrears 1481 15YR FXD Fixed Interest In Arrears 1482 30YR FXD Fixed Interest In Arrears 1483 30YR FXD Fixed Interest In Arrears 1484 30YR FXD Fixed Interest In Arrears 1485 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1487 2/6 MONTH LIBOR Arm Interest In Arrears 1488 2/6 MONTH LIBOR Arm Interest In Arrears 1489 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1491 2/6 MONTH LIBOR Arm Interest In Arrears 1492 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1493 30YR FXD Fixed Interest In Arrears 1494 2/6 MONTH LIBOR Arm Interest In Arrears 1495 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1497 2/6 MONTH LIBOR Arm Interest In Arrears 1498 2/6 MONTH LIBOR Arm Interest In Arrears 1499 2/6 MONTH LIBOR Arm Interest In Arrears 1500 30YR FXD Fixed Interest In Arrears 1501 30YR FXD Fixed Interest In Arrears 1502 2/6 MONTH LIBOR Arm Interest In Arrears 1503 30YR FXD Fixed Interest In Arrears 1504 2/6 MONTH LIBOR Arm Interest In Arrears 1505 3/6 MONTH LIBOR Arm Interest In Arrears 1506 30YR FXD Fixed Interest In Arrears 1507 30YR FXD Fixed Interest In Arrears 1508 15YR FXD Fixed Interest In Arrears 1509 2/6 MONTH LIBOR Arm Interest In Arrears 1510 2/6 MONTH LIBOR Arm Interest In Arrears 1511 30YR FXD Fixed Interest In Arrears 1512 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1513 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1515 2/6 MONTH LIBOR Arm Interest In Arrears 1516 30YR FXD Fixed Interest In Arrears 1517 3/6 MONTH LIBOR Arm Interest In Arrears 1518 2/6 MONTH LIBOR Arm Interest In Arrears 1519 30YR FXD Fixed Interest In Arrears 1520 30YR FXD Fixed Interest In Arrears 1521 30YR FXD Fixed Interest In Arrears 1522 2/6 MONTH LIBOR Arm Interest In Arrears 1523 30YR FXD Fixed Interest In Arrears 1524 30YR FXD Fixed Interest In Arrears 1525 30YR FXD Fixed Interest In Arrears 1526 5/6 MONTH LIBOR Arm Interest In Arrears 1527 2/6 MONTH LIBOR Arm Interest In Arrears 1528 30YR FXD Fixed Interest In Arrears 1529 30YR FXD Fixed Interest In Arrears 1530 10 YR FIXED Fixed Interest In Arrears 1531 30YR FXD Fixed Interest In Arrears 1532 2/6 MONTH LIBOR Arm Interest In Arrears 1533 30YR FXD Fixed Interest In Arrears 1534 2/6 MONTH LIBOR Arm Interest In Arrears 1535 2/6 MONTH LIBOR Arm Interest In Arrears 1536 2/6 MONTH LIBOR Arm Interest In Arrears 1537 30YR FXD Fixed Interest In Arrears 1538 2/6 MONTH LIBOR Arm Interest In Arrears 1539 10 YR FIXED Fixed Interest In Arrears 1540 15YR FXD Fixed Interest In Arrears 1541 2/6 MONTH LIBOR Arm Interest In Arrears 1542 2/6 MONTH LIBOR Arm Interest In Arrears 1543 30YR FXD Fixed Interest In Arrears 1544 30YR FXD Fixed Interest In Arrears 1545 30YR FXD Fixed Interest In Arrears 1546 2/6 MONTH LIBOR Arm Interest In Arrears 1547 30YR FXD Fixed Interest In Arrears 1548 2/6 MONTH LIBOR Arm Interest In Arrears 1549 15YR FXD Fixed Interest In Arrears 1550 2/6 MONTH LIBOR Arm Interest In Arrears 1551 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1552 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1553 30YR FXD Fixed Interest In Arrears 1554 2/6 MONTH LIBOR Arm Interest In Arrears 1555 30YR FXD Fixed Interest In Arrears 1556 2/6 MONTH LIBOR Arm Interest In Arrears 1557 2/6 MONTH LIBOR Arm Interest In Arrears 1558 2/6 MONTH LIBOR Arm Interest In Arrears 1559 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1560 30YR FXD Fixed Interest In Arrears 1561 2/6 MONTH LIBOR Arm Interest In Arrears 1562 30YR FXD Fixed Interest In Arrears 1563 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1564 2/6 MONTH LIBOR Arm Interest In Arrears 1565 30YR FXD Fixed Interest In Arrears 1566 30YR FXD Fixed Interest In Arrears 1567 30YR FXD Fixed Interest In Arrears 1568 2/6 MONTH LIBOR Arm Interest In Arrears 1569 2/6 MONTH LIBOR Arm Interest In Arrears 1570 30YR FXD Fixed Interest In Arrears 1571 30YR FXD Fixed Interest In Arrears 1572 2/6 MONTH LIBOR Arm Interest In Arrears 1573 2/6 MONTH LIBOR Arm Interest In Arrears 1574 2/6 MONTH LIBOR Arm Interest In Arrears 1575 10 YR FIXED Fixed Interest In Arrears 1576 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1577 10 YR FIXED Fixed Interest In Arrears 1578 3/6 MONTH LIBOR Arm Interest In Arrears 1579 2/6 MONTH LIBOR Arm Interest In Arrears 1580 2/6 MONTH LIBOR Arm Interest In Arrears 1581 30YR FXD Fixed Interest In Arrears 1582 2/6 MONTH LIBOR Arm Interest In Arrears 1583 2/6 MONTH LIBOR Arm Interest In Arrears 1584 30YR FXD Fixed Interest In Arrears 1585 10 YR FIXED Fixed Interest In Arrears 1586 2/6 MONTH LIBOR Arm Interest In Arrears 1587 2/6 MONTH LIBOR Arm Interest In Arrears 1588 2/6 MONTH LIBOR Arm Interest In Arrears 1589 2/6 MONTH LIBOR Arm Interest In Arrears 1590 2/6 MONTH LIBOR Arm Interest In Arrears 1591 2/6 MONTH LIBOR Arm Interest In Arrears 1592 10 YR FIXED Fixed Interest In Arrears 1593 2/6 MONTH LIBOR Arm Interest In Arrears 1594 30YR FXD Fixed Interest In Arrears 1595 2/6 MONTH LIBOR Arm Interest In Arrears 1596 2/6 MONTH LIBOR Arm Interest In Arrears 1597 2/6 MONTH LIBOR Arm Interest In Arrears 1598 30YR FXD Fixed Interest In Arrears 1599 30YR FXD Fixed Interest In Arrears 1600 30YR FXD Fixed Interest In Arrears 1601 30YR FXD Fixed Interest In Arrears 1602 30YR FXD Fixed Interest In Arrears 1603 3/6 MONTH LIBOR Arm Interest In Arrears 1604 30YR FXD Fixed Interest In Arrears 1605 2/6 MONTH LIBOR Arm Interest In Arrears 1606 30YR FXD Fixed Interest In Arrears 1607 30YR FXD Fixed Interest In Arrears 1608 30YR FXD Fixed Interest In Arrears 1609 30YR FXD Fixed Interest In Arrears 1610 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1612 2/6 MONTH LIBOR Arm Interest In Arrears 1613 2/6 MONTH LIBOR Arm Interest In Arrears 1614 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1615 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1616 15YR BALLOON Fixed Interest In Arrears 1617 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1618 30YR FXD - 60 MONTH IO Fixed Interest Only 1619 30YR FXD Fixed Interest In Arrears 1620 20YR FXD Fixed Interest In Arrears 1621 2/6 MONTH LIBOR Arm Interest In Arrears 1622 30YR FXD Fixed Interest In Arrears 1623 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1625 2/6 MONTH LIBOR Arm Interest In Arrears 1626 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1628 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1630 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1631 15YR FXD Fixed Interest In Arrears 1632 2/6 MONTH LIBOR Arm Interest In Arrears 1633 2/6 MONTH LIBOR Arm Interest In Arrears 1634 2/6 MONTH LIBOR Arm Interest In Arrears 1635 2/6 MONTH LIBOR Arm Interest In Arrears 1636 30YR FXD Fixed Interest In Arrears 1637 30YR FXD Fixed Interest In Arrears 1638 30YR FXD Fixed Interest In Arrears 1639 2/6 MONTH LIBOR Arm Interest In Arrears 1640 30YR FXD Fixed Interest In Arrears 1641 15YR FXD Fixed Interest In Arrears 1642 2/6 MONTH LIBOR Arm Interest In Arrears 1643 30YR FXD Fixed Interest In Arrears 1644 2/6 MONTH LIBOR Arm Interest In Arrears 1645 3/6 MONTH LIBOR Arm Interest In Arrears 1646 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1648 30YR FXD Fixed Interest In Arrears 1649 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1651 2/6 MONTH LIBOR Arm Interest In Arrears 1652 2/6 MONTH LIBOR Arm Interest In Arrears 1653 2/6 MONTH LIBOR Arm Interest In Arrears 1654 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1656 30YR FXD Fixed Interest In Arrears 1657 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1658 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1660 2/6 MONTH LIBOR Arm Interest In Arrears 1661 2/6 MONTH LIBOR Arm Interest In Arrears 1662 2/6 MONTH LIBOR Arm Interest In Arrears 1663 15YR FXD Fixed Interest In Arrears 1664 2/6 MONTH LIBOR Arm Interest In Arrears 1665 2/6 MONTH LIBOR Arm Interest In Arrears 1666 2/6 MONTH LIBOR Arm Interest In Arrears 1667 2/6 MONTH LIBOR Arm Interest In Arrears 1668 30YR FXD Fixed Interest In Arrears 1669 30YR FXD Fixed Interest In Arrears 1670 2/6 MONTH LIBOR Arm Interest In Arrears 1671 30YR FXD Fixed Interest In Arrears 1672 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1674 30YR FXD Fixed Interest In Arrears 1675 2/6 MONTH LIBOR Arm Interest In Arrears 1676 2/6 MONTH LIBOR Arm Interest In Arrears 1677 2/6 MONTH LIBOR Arm Interest In Arrears 1678 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1679 30YR FXD Fixed Interest In Arrears 1680 2/6 MONTH LIBOR Arm Interest In Arrears 1681 30YR FXD Fixed Interest In Arrears 1682 2/6 MONTH LIBOR Arm Interest In Arrears 1683 30YR FXD Fixed Interest In Arrears 1684 2/6 MONTH LIBOR Arm Interest In Arrears 1685 2/6 MONTH LIBOR Arm Interest In Arrears 1686 30YR FXD Fixed Interest In Arrears 1687 2/6 MONTH LIBOR Arm Interest In Arrears 1688 30YR FXD Fixed Interest In Arrears 1689 2/6 MONTH LIBOR Arm Interest In Arrears 1690 15YR FXD Fixed Interest In Arrears 1691 2/6 MONTH LIBOR Arm Interest In Arrears 1692 30YR FXD Fixed Interest In Arrears 1693 2/6 MONTH LIBOR Arm Interest In Arrears 1694 2/6 MONTH LIBOR Arm Interest In Arrears 1695 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1696 10 YR FIXED Fixed Interest In Arrears 1697 30YR FXD Fixed Interest In Arrears 1698 30YR FXD Fixed Interest In Arrears 1699 2/6 MONTH LIBOR Arm Interest In Arrears 1700 30YR FXD Fixed Interest In Arrears 1701 2/6 MONTH LIBOR Arm Interest In Arrears 1702 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1704 30YR FXD Fixed Interest In Arrears 1705 30YR FXD Fixed Interest In Arrears 1706 2/6 MONTH LIBOR Arm Interest In Arrears 1707 2/6 MONTH LIBOR Arm Interest In Arrears 1708 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1709 2/6 MONTH LIBOR Arm Interest In Arrears 1710 2/6 MONTH LIBOR Arm Interest In Arrears 1711 2/6 MONTH LIBOR Arm Interest In Arrears 1712 2/6 MONTH LIBOR Arm Interest In Arrears 1713 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1715 15YR FXD Fixed Interest In Arrears 1716 30YR FXD Fixed Interest In Arrears 1717 2/6 MONTH LIBOR Arm Interest In Arrears 1718 2/6 MONTH LIBOR Arm Interest In Arrears 1719 2/6 MONTH LIBOR Arm Interest In Arrears 1720 30YR FXD Fixed Interest In Arrears 1721 2/6 MONTH LIBOR Arm Interest In Arrears 1722 2/6 MONTH LIBOR Arm Interest In Arrears 1723 2/6 MONTH LIBOR Arm Interest In Arrears 1724 2/6 MONTH LIBOR Arm Interest In Arrears 1725 30YR FXD Fixed Interest In Arrears 1726 2/6 MONTH LIBOR Arm Interest In Arrears 1727 2/6 MONTH LIBOR Arm Interest In Arrears 1728 30YR FXD Fixed Interest In Arrears 1729 2/6 MONTH LIBOR Arm Interest In Arrears 1730 2/6 MONTH LIBOR Arm Interest In Arrears 1731 2/6 MONTH LIBOR Arm Interest In Arrears 1732 2/6 MONTH LIBOR Arm Interest In Arrears 1733 2/6 MONTH LIBOR Arm Interest In Arrears 1734 2/6 MONTH LIBOR Arm Interest In Arrears 1735 2/6 MONTH LIBOR Arm Interest In Arrears 1736 2/6 MONTH LIBOR Arm Interest In Arrears 1737 30YR FXD Fixed Interest In Arrears 1738 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1739 30YR FXD Fixed Interest In Arrears 1740 2/6 MONTH LIBOR Arm Interest In Arrears 1741 2/6 MONTH LIBOR Arm Interest In Arrears 1742 2/6 MONTH LIBOR Arm Interest In Arrears 1743 2/6 MONTH LIBOR Arm Interest In Arrears 1744 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1746 30YR FXD Fixed Interest In Arrears 1747 2/6 MONTH LIBOR Arm Interest In Arrears 1748 30YR FXD Fixed Interest In Arrears 1749 30YR FXD Fixed Interest In Arrears 1750 2/6 MONTH LIBOR Arm Interest In Arrears 1751 15YR FXD Fixed Interest In Arrears 1752 30YR FXD Fixed Interest In Arrears 1753 3/6 MONTH LIBOR Arm Interest In Arrears 1754 2/6 MONTH LIBOR Arm Interest In Arrears 1755 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1757 2/6 MONTH LIBOR Arm Interest In Arrears 1758 2/6 MONTH LIBOR Arm Interest In Arrears 1759 30YR FXD Fixed Interest In Arrears 1760 BALLOON OTHER Fixed Interest In Arrears 1761 2/6 MONTH LIBOR Arm Interest In Arrears 1762 30YR FXD Fixed Interest In Arrears 1763 2/6 MONTH LIBOR Arm Interest In Arrears 1764 2/6 MONTH LIBOR Arm Interest In Arrears 1765 2/6 MONTH LIBOR Arm Interest In Arrears 1766 30YR FXD Fixed Interest In Arrears 1767 30YR FXD Fixed Interest In Arrears 1768 30YR FXD Fixed Interest In Arrears 1769 2/6 MONTH LIBOR Arm Interest In Arrears 1770 2/6 MONTH LIBOR Arm Interest In Arrears 1771 30YR FXD Fixed Interest In Arrears 1772 2/6 MONTH LIBOR Arm Interest In Arrears 1773 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1775 30YR FXD Fixed Interest In Arrears 1776 2/6 MONTH LIBOR Arm Interest In Arrears 1777 30YR FXD Fixed Interest In Arrears 1778 2/6 MONTH LIBOR Arm Interest In Arrears 1779 30YR FXD Fixed Interest In Arrears 1780 2/6 MONTH LIBOR Arm Interest In Arrears 1781 30YR FXD Fixed Interest In Arrears 1782 2/6 MONTH LIBOR Arm Interest In Arrears 1783 2/6 MONTH LIBOR Arm Interest In Arrears 1784 2/6 MONTH LIBOR Arm Interest In Arrears 1785 2/6 MONTH LIBOR Arm Interest In Arrears 1786 30YR FXD Fixed Interest In Arrears 1787 2/6 MONTH LIBOR Arm Interest In Arrears 1788 2/6 MONTH LIBOR Arm Interest In Arrears 1789 2/6 MONTH LIBOR Arm Interest In Arrears 1790 2/6 MONTH LIBOR Arm Interest In Arrears 1791 2/6 MONTH LIBOR Arm Interest In Arrears 1792 2/6 MONTH LIBOR Arm Interest In Arrears 1793 30YR FXD Fixed Interest In Arrears 1794 2/6 MONTH LIBOR Arm Interest In Arrears 1795 30YR FXD Fixed Interest In Arrears 1796 30YR FXD Fixed Interest In Arrears 1797 30YR FXD Fixed Interest In Arrears 1798 2/6 MONTH LIBOR Arm Interest In Arrears 1799 2/6 MONTH LIBOR Arm Interest In Arrears 1800 30YR FXD Fixed Interest In Arrears 1801 2/6 MONTH LIBOR Arm Interest In Arrears 1802 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1803 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1805 2/6 MONTH LIBOR Arm Interest In Arrears 1806 30YR FXD Fixed Interest In Arrears 1807 30YR FXD Fixed Interest In Arrears 1808 30YR FXD Fixed Interest In Arrears 1809 10 YR FIXED Fixed Interest In Arrears 1810 15YR FXD Fixed Interest In Arrears 1811 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1812 30YR FXD Fixed Interest In Arrears 1813 2/6 MONTH LIBOR Arm Interest In Arrears 1814 10 YR FIXED Fixed Interest In Arrears 1815 30YR FXD Fixed Interest In Arrears 1816 2/6 MONTH LIBOR Arm Interest In Arrears 1817 30YR FXD Fixed Interest In Arrears 1818 2/6 MONTH LIBOR Arm Interest In Arrears 1819 30YR FXD Fixed Interest In Arrears 1820 30YR FXD Fixed Interest In Arrears 1821 30YR FXD Fixed Interest In Arrears 1822 2/6 MONTH LIBOR Arm Interest In Arrears 1823 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1824 30YR FXD Fixed Interest In Arrears 1825 30YR FXD Fixed Interest In Arrears 1826 30YR FXD Fixed Interest In Arrears 1827 2/6 MONTH LIBOR Arm Interest In Arrears 1828 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1830 30YR FXD Fixed Interest In Arrears 1831 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1832 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1833 2/6 MONTH LIBOR Arm Interest In Arrears 1834 2/6 MONTH LIBOR Arm Interest In Arrears 1835 2/6 MONTH LIBOR Arm Interest In Arrears 1836 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1838 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1839 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1841 10 YR FIXED Fixed Interest In Arrears 1842 2/6 MONTH LIBOR Arm Interest In Arrears 1843 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1845 2/6 MONTH LIBOR Arm Interest In Arrears 1846 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1847 30YR FXD Fixed Interest In Arrears 1848 2/6 MONTH LIBOR Arm Interest In Arrears 1849 2/6 MONTH LIBOR Arm Interest In Arrears 1850 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1851 2/6 MONTH LIBOR Arm Interest In Arrears 1852 30YR FXD Fixed Interest In Arrears 1853 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1854 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1856 30YR FXD Fixed Interest In Arrears 1857 2/6 MONTH LIBOR Arm Interest In Arrears 1858 2/6 MONTH LIBOR Arm Interest In Arrears 1859 2/6 MONTH LIBOR Arm Interest In Arrears 1860 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1861 30YR FXD Fixed Interest In Arrears 1862 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1863 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1864 30YR FXD Fixed Interest In Arrears 1865 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1866 30YR FXD Fixed Interest In Arrears 1867 2/6 MONTH LIBOR Arm Interest In Arrears 1868 5/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1869 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1870 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1872 10 YR FIXED Fixed Interest In Arrears 1873 30YR FXD Fixed Interest In Arrears 1874 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1875 30YR FXD Fixed Interest In Arrears 1876 30YR FXD Fixed Interest In Arrears 1877 2/6 MONTH LIBOR Arm Interest In Arrears 1878 30YR FXD Fixed Interest In Arrears 1879 30YR FXD Fixed Interest In Arrears 1880 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1881 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1882 30YR FXD Fixed Interest In Arrears 1883 30YR FXD Fixed Interest In Arrears 1884 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1885 30YR FXD Fixed Interest In Arrears 1886 30YR FXD Fixed Interest In Arrears 1887 30YR FXD Fixed Interest In Arrears 1888 2/6 MONTH LIBOR Arm Interest In Arrears 1889 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1891 2/6 MONTH LIBOR Arm Interest In Arrears 1892 30YR FXD Fixed Interest In Arrears 1893 30YR FXD Fixed Interest In Arrears 1894 30YR FXD Fixed Interest In Arrears 1895 30YR FXD Fixed Interest In Arrears 1896 30YR FXD Fixed Interest In Arrears 1897 30YR FXD Fixed Interest In Arrears 1898 2/6 MONTH LIBOR Arm Interest In Arrears 1899 30YR FXD Fixed Interest In Arrears 1900 2/6 MONTH LIBOR Arm Interest In Arrears 1901 30YR FXD Fixed Interest In Arrears 1902 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1903 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1904 15YR BALLOON Fixed Interest In Arrears 1905 2/6 MONTH LIBOR Arm Interest In Arrears 1906 2/6 MONTH LIBOR Arm Interest In Arrears 1907 2/6 MONTH LIBOR Arm Interest In Arrears 1908 2/6 MONTH LIBOR Arm Interest In Arrears 1909 2/6 MONTH LIBOR Arm Interest In Arrears 1910 30YR FXD Fixed Interest In Arrears 1911 30YR FXD Fixed Interest In Arrears 1912 2/6 MONTH LIBOR Arm Interest In Arrears 1913 2/6 MONTH LIBOR Arm Interest In Arrears 1914 30YR FXD Fixed Interest In Arrears 1915 2/6 MONTH LIBOR Arm Interest In Arrears 1916 2/6 MONTH LIBOR Arm Interest In Arrears 1917 2/6 MONTH LIBOR Arm Interest In Arrears 1918 2/6 MONTH LIBOR Arm Interest In Arrears 1919 30YR FXD Fixed Interest In Arrears 1920 2/6 MONTH LIBOR Arm Interest In Arrears 1921 2/6 MONTH LIBOR Arm Interest In Arrears 1922 30YR FXD Fixed Interest In Arrears 1923 2/6 MONTH LIBOR Arm Interest In Arrears 1924 2/6 MONTH LIBOR Arm Interest In Arrears 1925 2/6 MONTH LIBOR Arm Interest In Arrears 1926 2/6 MONTH LIBOR Arm Interest In Arrears 1927 15YR FXD Fixed Interest In Arrears 1928 2/6 MONTH LIBOR Arm Interest In Arrears 1929 20YR FXD Fixed Interest In Arrears 1930 2/6 MONTH LIBOR Arm Interest In Arrears 1931 2/6 MONTH LIBOR Arm Interest In Arrears 1932 2/6 MONTH LIBOR Arm Interest In Arrears 1933 2/6 MONTH LIBOR Arm Interest In Arrears 1934 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1936 2/6 MONTH LIBOR Arm Interest In Arrears 1937 2/6 MONTH LIBOR Arm Interest In Arrears 1938 15YR FXD Fixed Interest In Arrears 1939 2/6 MONTH LIBOR Arm Interest In Arrears 1940 30YR FXD Fixed Interest In Arrears 1941 2/6 MONTH LIBOR Arm Interest In Arrears 1942 2/6 MONTH LIBOR Arm Interest In Arrears 1943 2/6 MONTH LIBOR Arm Interest In Arrears 1944 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1945 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1947 2/6 MONTH LIBOR Arm Interest In Arrears 1948 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1949 15YR FXD Fixed Interest In Arrears 1950 2/6 MONTH LIBOR Arm Interest In Arrears 1951 2/6 MONTH LIBOR Arm Interest In Arrears 1952 30YR FXD Fixed Interest In Arrears 1953 2/6 MONTH LIBOR Arm Interest In Arrears 1954 30YR FXD Fixed Interest In Arrears 1955 2/6 MONTH LIBOR Arm Interest In Arrears 1956 30YR FXD Fixed Interest In Arrears 1957 2/6 MONTH LIBOR Arm Interest In Arrears 1958 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1959 30YR FXD Fixed Interest In Arrears 1960 30YR FXD Fixed Interest In Arrears 1961 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1963 2/6 MONTH LIBOR Arm Interest In Arrears 1964 2/6 MONTH LIBOR Arm Interest In Arrears 1965 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1967 30YR FXD Fixed Interest In Arrears 1968 30YR FXD Fixed Interest In Arrears 1969 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1970 15YR FXD Fixed Interest In Arrears 1971 3/6 MONTH LIBOR Arm Interest In Arrears 1972 2/6 MONTH LIBOR Arm Interest In Arrears 1973 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1975 2/6 MONTH LIBOR Arm Interest In Arrears 1976 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1977 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1978 30YR FXD Fixed Interest In Arrears 1979 2/6 MONTH LIBOR Arm Interest In Arrears 1980 2/6 MONTH LIBOR Arm Interest In Arrears 1981 2/6 MONTH LIBOR Arm Interest In Arrears 1982 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1983 30YR FXD Fixed Interest In Arrears 1984 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1985 30YR FXD Fixed Interest In Arrears 1986 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 1988 2/6 MONTH LIBOR Arm Interest In Arrears 1989 30YR FXD Fixed Interest In Arrears 1990 2/6 MONTH LIBOR Arm Interest In Arrears 1991 30YR FXD Fixed Interest In Arrears 1992 2/6 MONTH LIBOR Arm Interest In Arrears 1993 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 1994 30YR FXD Fixed Interest In Arrears 1995 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1996 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 1997 30YR FXD Fixed Interest In Arrears 1998 30YR FXD Fixed Interest In Arrears 1999 2/6 MONTH LIBOR Arm Interest In Arrears 2000 30YR FXD Fixed Interest In Arrears 2001 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2003 30YR FXD Fixed Interest In Arrears 2004 2/6 MONTH LIBOR Arm Interest In Arrears 2005 30YR FXD Fixed Interest In Arrears 2006 2/6 MONTH LIBOR Arm Interest In Arrears 2007 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2009 2/6 MONTH LIBOR Arm Interest In Arrears 2010 30YR FXD Fixed Interest In Arrears 2011 2/6 MONTH LIBOR Arm Interest In Arrears 2012 2/6 MONTH LIBOR Arm Interest In Arrears 2013 2/6 MONTH LIBOR Arm Interest In Arrears 2014 30YR FXD Fixed Interest In Arrears 2015 2/6 MONTH LIBOR Arm Interest In Arrears 2016 2/6 MONTH LIBOR Arm Interest In Arrears 2017 2/6 MONTH LIBOR Arm Interest In Arrears 2018 30YR FXD Fixed Interest In Arrears 2019 10 YR FIXED Fixed Interest In Arrears 2020 BALLOON OTHER Fixed Interest In Arrears 2021 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2023 2/6 MONTH LIBOR Arm Interest In Arrears 2024 2/6 MONTH LIBOR Arm Interest In Arrears 2025 30YR FXD Fixed Interest In Arrears 2026 2/6 MONTH LIBOR Arm Interest In Arrears 2027 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2029 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2031 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2033 30YR FXD Fixed Interest In Arrears 2034 30YR FXD Fixed Interest In Arrears 2035 15YR FXD Fixed Interest In Arrears 2036 2/6 MONTH LIBOR Arm Interest In Arrears 2037 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2039 2/6 MONTH LIBOR Arm Interest In Arrears 2040 30YR FXD Fixed Interest In Arrears 2041 2/6 MONTH LIBOR Arm Interest In Arrears 2042 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2044 2/6 MONTH LIBOR Arm Interest In Arrears 2045 2/6 MONTH LIBOR Arm Interest In Arrears 2046 2/6 MONTH LIBOR Arm Interest In Arrears 2047 2/6 MONTH LIBOR Arm Interest In Arrears 2048 2/6 MONTH LIBOR Arm Interest In Arrears 2049 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2051 30YR FXD Fixed Interest In Arrears 2052 2/6 MONTH LIBOR Arm Interest In Arrears 2053 30YR FXD Fixed Interest In Arrears 2054 2/6 MONTH LIBOR Arm Interest In Arrears 2055 2/6 MONTH LIBOR Arm Interest In Arrears 2056 2/6 MONTH LIBOR Arm Interest In Arrears 2057 2/6 MONTH LIBOR Arm Interest In Arrears 2058 2/6 MONTH LIBOR Arm Interest In Arrears 2059 2/6 MONTH LIBOR Arm Interest In Arrears 2060 2/6 MONTH LIBOR Arm Interest In Arrears 2061 2/6 MONTH LIBOR Arm Interest In Arrears 2062 2/6 MONTH LIBOR Arm Interest In Arrears 2063 2/6 MONTH LIBOR Arm Interest In Arrears 2064 2/6 MONTH LIBOR Arm Interest In Arrears 2065 2/6 MONTH LIBOR Arm Interest In Arrears 2066 2/6 MONTH LIBOR Arm Interest In Arrears 2067 2/6 MONTH LIBOR Arm Interest In Arrears 2068 30YR FXD Fixed Interest In Arrears 2069 2/6 MONTH LIBOR Arm Interest In Arrears 2070 30YR FXD Fixed Interest In Arrears 2071 2/6 MONTH LIBOR Arm Interest In Arrears 2072 2/6 MONTH LIBOR Arm Interest In Arrears 2073 30YR FXD Fixed Interest In Arrears 2074 2/6 MONTH LIBOR Arm Interest In Arrears 2075 2/6 MONTH LIBOR Arm Interest In Arrears 2076 2/6 MONTH LIBOR Arm Interest In Arrears 2077 2/6 MONTH LIBOR Arm Interest In Arrears 2078 2/6 MONTH LIBOR Arm Interest In Arrears 2079 30YR FXD Fixed Interest In Arrears 2080 2/6 MONTH LIBOR Arm Interest In Arrears 2081 2/6 MONTH LIBOR Arm Interest In Arrears 2082 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2084 2/6 MONTH LIBOR Arm Interest In Arrears 2085 2/6 MONTH LIBOR Arm Interest In Arrears 2086 30YR FXD Fixed Interest In Arrears 2087 2/6 MONTH LIBOR Arm Interest In Arrears 2088 15YR FXD Fixed Interest In Arrears 2089 2/6 MONTH LIBOR Arm Interest In Arrears 2090 2/6 MONTH LIBOR Arm Interest In Arrears 2091 2/6 MONTH LIBOR Arm Interest In Arrears 2092 2/6 MONTH LIBOR Arm Interest In Arrears 2093 2/6 MONTH LIBOR Arm Interest In Arrears 2094 30YR FXD Fixed Interest In Arrears 2095 30YR FXD Fixed Interest In Arrears 2096 30YR FXD Fixed Interest In Arrears 2097 2/6 MONTH LIBOR Arm Interest In Arrears 2098 2/6 MONTH LIBOR Arm Interest In Arrears 2099 2/6 MONTH LIBOR Arm Interest In Arrears 2100 2/6 MONTH LIBOR Arm Interest In Arrears 2101 30YR FXD Fixed Interest In Arrears 2102 2/6 MONTH LIBOR Arm Interest In Arrears 2103 2/6 MONTH LIBOR Arm Interest In Arrears 2104 15YR FXD Fixed Interest In Arrears 2105 2/6 MONTH LIBOR Arm Interest In Arrears 2106 2/6 MONTH LIBOR Arm Interest In Arrears 2107 2/6 MONTH LIBOR Arm Interest In Arrears 2108 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2110 3/6 MONTH LIBOR Arm Interest In Arrears 2111 2/6 MONTH LIBOR Arm Interest In Arrears 2112 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2113 30YR FXD Fixed Interest In Arrears 2114 2/6 MONTH LIBOR Arm Interest In Arrears 2115 30YR FXD Fixed Interest In Arrears 2116 30YR FXD Fixed Interest In Arrears 2117 2/6 MONTH LIBOR Arm Interest In Arrears 2118 2/6 MONTH LIBOR Arm Interest In Arrears 2119 10 YR FIXED Fixed Interest In Arrears 2120 30YR FXD Fixed Interest In Arrears 2121 2/6 MONTH LIBOR Arm Interest In Arrears 2122 2/6 MONTH LIBOR Arm Interest In Arrears 2123 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2124 30YR FXD Fixed Interest In Arrears 2125 15YR FXD Fixed Interest In Arrears 2126 30YR FXD Fixed Interest In Arrears 2127 30YR FXD Fixed Interest In Arrears 2128 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2129 2/6 MONTH LIBOR Arm Interest In Arrears 2130 30YR FXD Fixed Interest In Arrears 2131 2/6 MONTH LIBOR Arm Interest In Arrears 2132 30YR FXD Fixed Interest In Arrears 2133 3/6 MONTH LIBOR Arm Interest In Arrears 2134 2/6 MONTH LIBOR Arm Interest In Arrears 2135 30YR FXD Fixed Interest In Arrears 2136 30YR FXD Fixed Interest In Arrears 2137 30YR FXD Fixed Interest In Arrears 2138 30YR FXD Fixed Interest In Arrears 2139 2/6 MONTH LIBOR Arm Interest In Arrears 2140 30YR FXD Fixed Interest In Arrears 2141 2/6 MONTH LIBOR Arm Interest In Arrears 2142 2/6 MONTH LIBOR Arm Interest In Arrears 2143 2/6 MONTH LIBOR Arm Interest In Arrears 2144 30YR FXD Fixed Interest In Arrears 2145 2/6 MONTH LIBOR Arm Interest In Arrears 2146 30YR FXD Fixed Interest In Arrears 2147 30YR FXD Fixed Interest In Arrears 2148 30YR FXD Fixed Interest In Arrears 2149 2/6 MONTH LIBOR Arm Interest In Arrears 2150 2/6 MONTH LIBOR Arm Interest In Arrears 2151 30YR FXD Fixed Interest In Arrears 2152 2/6 MONTH LIBOR Arm Interest In Arrears 2153 5/6 MONTH LIBOR Arm Interest In Arrears 2154 30YR FXD Fixed Interest In Arrears 2155 2/6 MONTH LIBOR Arm Interest In Arrears 2156 2/6 MONTH LIBOR Arm Interest In Arrears 2157 2/6 MONTH LIBOR Arm Interest In Arrears 2158 30YR FXD Fixed Interest In Arrears 2159 30YR FXD Fixed Interest In Arrears 2160 15YR FXD Fixed Interest In Arrears 2161 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2163 2/6 MONTH LIBOR Arm Interest In Arrears 2164 2/6 MONTH LIBOR Arm Interest In Arrears 2165 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2167 2/6 MONTH LIBOR Arm Interest In Arrears 2168 2/6 MONTH LIBOR Arm Interest In Arrears 2169 30YR FXD Fixed Interest In Arrears 2170 30YR FXD Fixed Interest In Arrears 2171 2/6 MONTH LIBOR Arm Interest In Arrears 2172 2/6 MONTH LIBOR Arm Interest In Arrears 2173 30YR FXD Fixed Interest In Arrears 2174 30YR FXD Fixed Interest In Arrears 2175 2/6 MONTH LIBOR Arm Interest In Arrears 2176 2/6 MONTH LIBOR Arm Interest In Arrears 2177 30YR FXD Fixed Interest In Arrears 2178 2/6 MONTH LIBOR Arm Interest In Arrears 2179 2/6 MONTH LIBOR Arm Interest In Arrears 2180 30YR FXD Fixed Interest In Arrears 2181 2/6 MONTH LIBOR Arm Interest In Arrears 2182 2/6 MONTH LIBOR Arm Interest In Arrears 2183 30YR FXD Fixed Interest In Arrears 2184 2/6 MONTH LIBOR Arm Interest In Arrears 2185 15YR FXD Fixed Interest In Arrears 2186 2/6 MONTH LIBOR Arm Interest In Arrears 2187 30YR FXD Fixed Interest In Arrears 2188 2/6 MONTH LIBOR Arm Interest In Arrears 2189 2/6 MONTH LIBOR Arm Interest In Arrears 2190 2/6 MONTH LIBOR Arm Interest In Arrears 2191 2/6 MONTH LIBOR Arm Interest In Arrears 2192 30YR FXD Fixed Interest In Arrears 2193 30YR FXD Fixed Interest In Arrears 2194 2/6 MONTH LIBOR Arm Interest In Arrears 2195 30YR FXD Fixed Interest In Arrears 2196 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2197 30YR FXD Fixed Interest In Arrears 2198 30YR FXD Fixed Interest In Arrears 2199 2/6 MONTH LIBOR Arm Interest In Arrears 2200 2/6 MONTH LIBOR Arm Interest In Arrears 2201 2/6 MONTH LIBOR Arm Interest In Arrears 2202 2/6 MONTH LIBOR Arm Interest In Arrears 2203 2/6 MONTH LIBOR Arm Interest In Arrears 2204 30YR FXD Fixed Interest In Arrears 2205 30YR FXD Fixed Interest In Arrears 2206 30YR FXD Fixed Interest In Arrears 2207 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2209 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2210 30YR FXD Fixed Interest In Arrears 2211 2/6 MONTH LIBOR Arm Interest In Arrears 2212 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2213 30YR FXD Fixed Interest In Arrears 2214 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2216 2/6 MONTH LIBOR Arm Interest In Arrears 2217 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2218 2/6 MONTH LIBOR Arm Interest In Arrears 2219 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2220 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2222 2/6 MONTH LIBOR Arm Interest In Arrears 2223 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2224 30YR FXD Fixed Interest In Arrears 2225 30YR FXD Fixed Interest In Arrears 2226 2/6 MONTH LIBOR Arm Interest In Arrears 2227 2/6 MONTH LIBOR Arm Interest In Arrears 2228 2/6 MONTH LIBOR Arm Interest In Arrears 2229 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2231 2/6 MONTH LIBOR Arm Interest In Arrears 2232 2/6 MONTH LIBOR Arm Interest In Arrears 2233 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2234 30YR FXD Fixed Interest In Arrears 2235 30YR FXD Fixed Interest In Arrears 2236 2/6 MONTH LIBOR Arm Interest In Arrears 2237 2/6 MONTH LIBOR Arm Interest In Arrears 2238 30YR FXD Fixed Interest In Arrears 2239 2/6 MONTH LIBOR Arm Interest In Arrears 2240 2/6 MONTH LIBOR Arm Interest In Arrears 2241 2/6 MONTH LIBOR Arm Interest In Arrears 2242 2/6 MONTH LIBOR Arm Interest In Arrears 2243 2/6 MONTH LIBOR Arm Interest In Arrears 2244 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2246 2/6 MONTH LIBOR Arm Interest In Arrears 2247 2/6 MONTH LIBOR Arm Interest In Arrears 2248 30YR FXD Fixed Interest In Arrears 2249 2/6 MONTH LIBOR Arm Interest In Arrears 2250 2/6 MONTH LIBOR Arm Interest In Arrears 2251 30YR FXD Fixed Interest In Arrears 2252 30YR FXD Fixed Interest In Arrears 2253 10 YR FIXED Fixed Interest In Arrears 2254 2/6 MONTH LIBOR Arm Interest In Arrears 2255 2/6 MONTH LIBOR Arm Interest In Arrears 2256 30YR FXD Fixed Interest In Arrears 2257 30YR FXD Fixed Interest In Arrears 2258 15YR FXD Fixed Interest In Arrears 2259 2/6 MONTH LIBOR Arm Interest In Arrears 2260 2/6 MONTH LIBOR Arm Interest In Arrears 2261 30YR FXD Fixed Interest In Arrears 2262 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2264 2/6 MONTH LIBOR Arm Interest In Arrears 2265 15YR FXD Fixed Interest In Arrears 2266 2/6 MONTH LIBOR Arm Interest In Arrears 2267 2/6 MONTH LIBOR Arm Interest In Arrears 2268 30YR FXD Fixed Interest In Arrears 2269 2/6 MONTH LIBOR Arm Interest In Arrears 2270 30YR FXD Fixed Interest In Arrears 2271 2/6 MONTH LIBOR Arm Interest In Arrears 2272 3/6 MONTH LIBOR Arm Interest In Arrears 2273 2/6 MONTH LIBOR Arm Interest In Arrears 2274 15YR FXD Fixed Interest In Arrears 2275 2/6 MONTH LIBOR Arm Interest In Arrears 2276 2/6 MONTH LIBOR Arm Interest In Arrears 2277 2/6 MONTH LIBOR Arm Interest In Arrears 2278 30YR FXD Fixed Interest In Arrears 2279 30YR FXD Fixed Interest In Arrears 2280 10 YR FIXED Fixed Interest In Arrears 2281 30YR FXD Fixed Interest In Arrears 2282 3/6 MONTH LIBOR Arm Interest In Arrears 2283 2/6 MONTH LIBOR Arm Interest In Arrears 2284 2/6 MONTH LIBOR Arm Interest In Arrears 2285 2/6 MONTH LIBOR Arm Interest In Arrears 2286 2/6 MONTH LIBOR Arm Interest In Arrears 2287 2/6 MONTH LIBOR Arm Interest In Arrears 2288 2/6 MONTH LIBOR Arm Interest In Arrears 2289 2/6 MONTH LIBOR Arm Interest In Arrears 2290 2/6 MONTH LIBOR Arm Interest In Arrears 2291 2/6 MONTH LIBOR Arm Interest In Arrears 2292 2/6 MONTH LIBOR Arm Interest In Arrears 2293 30YR FXD Fixed Interest In Arrears 2294 10 YR FIXED Fixed Interest In Arrears 2295 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2297 2/6 MONTH LIBOR Arm Interest In Arrears 2298 2/6 MONTH LIBOR Arm Interest In Arrears 2299 2/6 MONTH LIBOR Arm Interest In Arrears 2300 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2301 15YR FXD Fixed Interest In Arrears 2302 2/6 MONTH LIBOR Arm Interest In Arrears 2303 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2304 30YR FXD Fixed Interest In Arrears 2305 2/6 MONTH LIBOR Arm Interest In Arrears 2306 2/6 MONTH LIBOR Arm Interest In Arrears 2307 2/6 MONTH LIBOR Arm Interest In Arrears 2308 10 YR FIXED Fixed Interest In Arrears 2309 2/6 MONTH LIBOR Arm Interest In Arrears 2310 30YR FXD Fixed Interest In Arrears 2311 30YR FXD Fixed Interest In Arrears 2312 2/6 MONTH LIBOR Arm Interest In Arrears 2313 2/6 MONTH LIBOR Arm Interest In Arrears 2314 2/6 MONTH LIBOR Arm Interest In Arrears 2315 10 YR FIXED Fixed Interest In Arrears 2316 2/6 MONTH LIBOR Arm Interest In Arrears 2317 2/6 MONTH LIBOR Arm Interest In Arrears 2318 2/6 MONTH LIBOR Arm Interest In Arrears 2319 10 YR FIXED Fixed Interest In Arrears 2320 2/6 MONTH LIBOR Arm Interest In Arrears 2321 30YR FXD Fixed Interest In Arrears 2322 30YR FXD Fixed Interest In Arrears 2323 2/6 MONTH LIBOR Arm Interest In Arrears 2324 15YR FXD Fixed Interest In Arrears 2325 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2327 2/6 MONTH LIBOR Arm Interest In Arrears 2328 3/6 MONTH LIBOR Arm Interest In Arrears 2329 2/6 MONTH LIBOR Arm Interest In Arrears 2330 30YR FXD Fixed Interest In Arrears 2331 30YR FXD Fixed Interest In Arrears 2332 2/6 MONTH LIBOR Arm Interest In Arrears 2333 2/6 MONTH LIBOR Arm Interest In Arrears 2334 2/6 MONTH LIBOR Arm Interest In Arrears 2335 2/6 MONTH LIBOR Arm Interest In Arrears 2336 2/6 MONTH LIBOR Arm Interest In Arrears 2337 30YR FXD Fixed Interest In Arrears 2338 30YR FXD Fixed Interest In Arrears 2339 2/6 MONTH LIBOR Arm Interest In Arrears 2340 2/6 MONTH LIBOR Arm Interest In Arrears 2341 2/6 MONTH LIBOR Arm Interest In Arrears 2342 2/6 MONTH LIBOR Arm Interest In Arrears 2343 30YR FXD Fixed Interest In Arrears 2344 2/6 MONTH LIBOR Arm Interest In Arrears 2345 2/6 MONTH LIBOR Arm Interest In Arrears 2346 2/6 MONTH LIBOR Arm Interest In Arrears 2347 2/6 MONTH LIBOR Arm Interest In Arrears 2348 30YR FXD Fixed Interest In Arrears 2349 2/6 MONTH LIBOR Arm Interest In Arrears 2350 2/6 MONTH LIBOR Arm Interest In Arrears 2351 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2352 2/6 MONTH LIBOR Arm Interest In Arrears 2353 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2354 2/6 MONTH LIBOR Arm Interest In Arrears 2355 30YR FXD Fixed Interest In Arrears 2356 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2357 2/6 MONTH LIBOR Arm Interest In Arrears 2358 2/6 MONTH LIBOR Arm Interest In Arrears 2359 2/6 MONTH LIBOR Arm Interest In Arrears 2360 2/6 MONTH LIBOR Arm Interest In Arrears 2361 2/6 MONTH LIBOR Arm Interest In Arrears 2362 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2364 30YR FXD Fixed Interest In Arrears 2365 30YR FXD Fixed Interest In Arrears 2366 30YR FXD Fixed Interest In Arrears 2367 2/6 MONTH LIBOR Arm Interest In Arrears 2368 2/6 MONTH LIBOR Arm Interest In Arrears 2369 2/6 MONTH LIBOR Arm Interest In Arrears 2370 30YR FXD Fixed Interest In Arrears 2371 2/6 MONTH LIBOR Arm Interest In Arrears 2372 2/6 MONTH LIBOR Arm Interest In Arrears 2373 2/6 MONTH LIBOR Arm Interest In Arrears 2374 10 YR FIXED Fixed Interest In Arrears 2375 2/6 MONTH LIBOR Arm Interest In Arrears 2376 10 YR FIXED Fixed Interest In Arrears 2377 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2379 15YR FXD Fixed Interest In Arrears 2380 2/6 MONTH LIBOR Arm Interest In Arrears 2381 30YR FXD Fixed Interest In Arrears 2382 2/6 MONTH LIBOR Arm Interest In Arrears 2383 15YR FXD Fixed Interest In Arrears 2384 2/6 MONTH LIBOR Arm Interest In Arrears 2385 30YR FXD Fixed Interest In Arrears 2386 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2387 30YR FXD Fixed Interest In Arrears 2388 30YR FXD Fixed Interest In Arrears 2389 15YR FXD Fixed Interest In Arrears 2390 2/6 MONTH LIBOR Arm Interest In Arrears 2391 2/6 MONTH LIBOR Arm Interest In Arrears 2392 2/6 MONTH LIBOR Arm Interest In Arrears 2393 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2394 15YR FXD Fixed Interest In Arrears 2395 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2397 10 YR FIXED Fixed Interest In Arrears 2398 30YR FXD Fixed Interest In Arrears 2399 2/6 MONTH LIBOR Arm Interest In Arrears 2400 30YR FXD Fixed Interest In Arrears 2401 2/6 MONTH LIBOR Arm Interest In Arrears 2402 15YR FXD Fixed Interest In Arrears 2403 2/6 MONTH LIBOR Arm Interest In Arrears 2404 2/6 MONTH LIBOR Arm Interest In Arrears 2405 3/6 MONTH LIBOR Arm Interest In Arrears 2406 5/6 MONTH LIBOR Arm Interest In Arrears 2407 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2408 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2409 2/6 MONTH LIBOR Arm Interest In Arrears 2410 30YR FXD Fixed Interest In Arrears 2411 2/6 MONTH LIBOR Arm Interest In Arrears 2412 2/6 MONTH LIBOR Arm Interest In Arrears 2413 30YR FXD Fixed Interest In Arrears 2414 30YR FXD Fixed Interest In Arrears 2415 2/6 MONTH LIBOR Arm Interest In Arrears 2416 30YR FXD Fixed Interest In Arrears 2417 30YR FXD Fixed Interest In Arrears 2418 30YR FXD Fixed Interest In Arrears 2419 30YR FXD Fixed Interest In Arrears 2420 2/6 MONTH LIBOR Arm Interest In Arrears 2421 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2422 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2423 2/6 MONTH LIBOR Arm Interest In Arrears 2424 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2425 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2426 15YR BALLOON Fixed Interest In Arrears 2427 2/6 MONTH LIBOR Arm Interest In Arrears 2428 15YR BALLOON Fixed Interest In Arrears 2429 5/6 MONTH LIBOR Arm Interest In Arrears 2430 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2431 15YR BALLOON Fixed Interest In Arrears 2432 15YR FXD Fixed Interest In Arrears 2433 2/6 MONTH LIBOR Arm Interest In Arrears 2434 2/6 MONTH LIBOR Arm Interest In Arrears 2435 30YR FXD Fixed Interest In Arrears 2436 2/6 MONTH LIBOR Arm Interest In Arrears 2437 2/6 MONTH LIBOR Arm Interest In Arrears 2438 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2440 2/6 MONTH LIBOR Arm Interest In Arrears 2441 10 YR FIXED Fixed Interest In Arrears 2442 2/6 MONTH LIBOR Arm Interest In Arrears 2443 2/6 MONTH LIBOR Arm Interest In Arrears 2444 30YR FXD Fixed Interest In Arrears 2445 2/6 MONTH LIBOR Arm Interest In Arrears 2446 30YR FXD Fixed Interest In Arrears 2447 2/6 MONTH LIBOR Arm Interest In Arrears 2448 2/6 MONTH LIBOR Arm Interest In Arrears 2449 2/6 MONTH LIBOR Arm Interest In Arrears 2450 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2451 30YR FXD Fixed Interest In Arrears 2452 2/6 MONTH LIBOR Arm Interest In Arrears 2453 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2455 30YR FXD Fixed Interest In Arrears 2456 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2457 2/6 MONTH LIBOR Arm Interest In Arrears 2458 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2459 30YR FXD Fixed Interest In Arrears 2460 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2462 30YR FXD Fixed Interest In Arrears 2463 30YR FXD Fixed Interest In Arrears 2464 3/6 MONTH LIBOR Arm Interest In Arrears 2465 2/6 MONTH LIBOR Arm Interest In Arrears 2466 15YR BALLOON Fixed Interest In Arrears 2467 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2468 15YR BALLOON Fixed Interest In Arrears 2469 2/6 MONTH LIBOR Arm Interest In Arrears 2470 15YR BALLOON Fixed Interest In Arrears 2471 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2472 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2473 15YR BALLOON Fixed Interest In Arrears 2474 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2476 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2477 2/6 MONTH LIBOR Arm Interest In Arrears 2478 30YR FXD Fixed Interest In Arrears 2479 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2480 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2481 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2482 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2483 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2485 2/6 MONTH LIBOR Arm Interest In Arrears 2486 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2487 30YR FXD Fixed Interest In Arrears 2488 2/6 MONTH LIBOR Arm Interest In Arrears 2489 20YR FXD Fixed Interest In Arrears 2490 30YR FXD Fixed Interest In Arrears 2491 30YR FXD Fixed Interest In Arrears 2492 2/6 MONTH LIBOR Arm Interest In Arrears 2493 2/6 MONTH LIBOR Arm Interest In Arrears 2494 30YR FXD Fixed Interest In Arrears 2495 2/6 MONTH LIBOR Arm Interest In Arrears 2496 30YR FXD Fixed Interest In Arrears 2497 30YR FXD Fixed Interest In Arrears 2498 30YR FXD Fixed Interest In Arrears 2499 30YR FXD Fixed Interest In Arrears 2500 30YR FXD Fixed Interest In Arrears 2501 2/6 MONTH LIBOR Arm Interest In Arrears 2502 2/6 MONTH LIBOR Arm Interest In Arrears 2503 2/6 MONTH LIBOR Arm Interest In Arrears 2504 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 2505 2/6 MONTH LIBOR Arm Interest In Arrears 2506 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2507 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2509 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2510 15YR BALLOON Fixed Interest In Arrears 2511 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2512 15YR BALLOON Fixed Interest In Arrears 2513 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2515 15YR BALLOON Fixed Interest In Arrears 2516 2/6 MONTH LIBOR Arm Interest In Arrears 2517 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2518 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2519 15YR BALLOON Fixed Interest In Arrears 2520 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2522 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2523 15YR BALLOON Fixed Interest In Arrears 2524 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2525 15YR BALLOON Fixed Interest In Arrears 2526 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2527 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2528 15YR BALLOON Fixed Interest In Arrears 2529 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2530 15YR BALLOON Fixed Interest In Arrears 2531 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2532 15YR BALLOON Fixed Interest In Arrears 2533 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2534 30YR FXD Fixed Interest In Arrears 2535 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2536 15YR BALLOON Fixed Interest In Arrears 2537 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2539 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2541 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2542 15YR BALLOON Fixed Interest In Arrears 2543 2/6 MONTH LIBOR Arm Interest In Arrears 2544 2/6 MONTH LIBOR Arm Interest In Arrears 2545 2/6 MONTH LIBOR Arm Interest In Arrears 2546 30YR FXD Fixed Interest In Arrears 2547 15YR BALLOON Fixed Interest In Arrears 2548 15YR BALLOON Fixed Interest In Arrears 2549 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2550 15YR BALLOON Fixed Interest In Arrears 2551 30YR FXD Fixed Interest In Arrears 2552 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2554 2/6 MONTH LIBOR Arm Interest In Arrears 2555 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2557 2/6 MONTH LIBOR Arm Interest In Arrears 2558 2/6 MONTH LIBOR Arm Interest In Arrears 2559 2/6 MONTH LIBOR Arm Interest In Arrears 2560 2/6 MONTH LIBOR Arm Interest In Arrears 2561 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2562 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2563 15YR BALLOON Fixed Interest In Arrears 2564 2/6 MONTH LIBOR Arm Interest In Arrears 2565 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2566 30YR FXD Fixed Interest In Arrears 2567 2/6 MONTH LIBOR Arm Interest In Arrears 2568 2/6 MONTH LIBOR Arm Interest In Arrears 2569 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2571 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2572 15YR BALLOON Fixed Interest In Arrears 2573 2/6 MONTH LIBOR Arm Interest In Arrears 2574 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2575 15YR BALLOON Fixed Interest In Arrears 2576 2/6 MONTH LIBOR Arm Interest In Arrears 2577 2/6 MONTH LIBOR Arm Interest In Arrears 2578 30YR FXD Fixed Interest In Arrears 2579 2/6 MONTH LIBOR Arm Interest In Arrears 2580 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2581 15YR BALLOON Fixed Interest In Arrears 2582 2/6 MONTH LIBOR Arm Interest In Arrears 2583 2/6 MONTH LIBOR Arm Interest In Arrears 2584 2/6 MONTH LIBOR Arm Interest In Arrears 2585 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2586 15YR BALLOON Fixed Interest In Arrears 2587 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2589 3/6 MONTH LIBOR Arm Interest In Arrears 2590 3/6 MONTH LIBOR Arm Interest In Arrears 2591 2/6 MONTH LIBOR Arm Interest In Arrears 2592 2/6 MONTH LIBOR Arm Interest In Arrears 2593 15YR BALLOON Fixed Interest In Arrears 2594 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2595 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2596 30YR FXD Fixed Interest In Arrears 2597 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2599 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2600 15YR BALLOON Fixed Interest In Arrears 2601 15YR BALLOON Fixed Interest In Arrears 2602 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2603 15YR BALLOON Fixed Interest In Arrears 2604 30YR FXD Fixed Interest In Arrears 2605 2/6 MONTH LIBOR Arm Interest In Arrears 2606 15YR BALLOON Fixed Interest In Arrears 2607 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2608 30YR FXD Fixed Interest In Arrears 2609 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2610 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2611 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2612 30YR FXD Fixed Interest In Arrears 2613 2/6 MONTH LIBOR Arm Interest In Arrears 2614 3/6 MONTH LIBOR Arm Interest In Arrears 2615 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2617 15YR BALLOON Fixed Interest In Arrears 2618 2/6 MONTH LIBOR Arm Interest In Arrears 2619 30YR FXD Fixed Interest In Arrears 2620 3/6 MONTH LIBOR Arm Interest In Arrears 2621 30YR FXD Fixed Interest In Arrears 2622 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2624 2/6 MONTH LIBOR Arm Interest In Arrears 2625 2/6 MONTH LIBOR Arm Interest In Arrears 2626 2/6 MONTH LIBOR Arm Interest In Arrears 2627 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2629 2/6 MONTH LIBOR Arm Interest In Arrears 2630 2/6 MONTH LIBOR Arm Interest In Arrears 2631 2/6 MONTH LIBOR Arm Interest In Arrears 2632 5/6 MONTH LIBOR Arm Interest In Arrears 2633 2/6 MONTH LIBOR Arm Interest In Arrears 2634 2/6 MONTH LIBOR Arm Interest In Arrears 2635 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2636 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2637 15YR BALLOON Fixed Interest In Arrears 2638 2/6 MONTH LIBOR Arm Interest In Arrears 2639 2/6 MONTH LIBOR Arm Interest In Arrears 2640 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2642 2/6 MONTH LIBOR Arm Interest In Arrears 2643 15YR BALLOON Fixed Interest In Arrears 2644 15YR BALLOON Fixed Interest In Arrears 2645 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2646 15YR BALLOON Fixed Interest In Arrears 2647 15YR BALLOON Fixed Interest In Arrears 2648 30YR FXD Fixed Interest In Arrears 2649 2/6 MONTH LIBOR Arm Interest In Arrears 2650 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2651 15YR BALLOON Fixed Interest In Arrears 2652 15YR BALLOON Fixed Interest In Arrears 2653 2/6 MONTH LIBOR Arm Interest In Arrears 2654 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2656 15YR BALLOON Fixed Interest In Arrears 2657 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2658 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2659 15YR BALLOON Fixed Interest In Arrears 2660 15YR FXD Fixed Interest In Arrears 2661 2/6 MONTH LIBOR Arm Interest In Arrears 2662 2/6 MONTH LIBOR Arm Interest In Arrears 2663 15YR BALLOON Fixed Interest In Arrears 2664 2/6 MONTH LIBOR Arm Interest In Arrears 2665 15YR BALLOON Fixed Interest In Arrears 2666 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2668 2/6 MONTH LIBOR Arm Interest In Arrears 2669 2/6 MONTH LIBOR Arm Interest In Arrears 2670 2/6 MONTH LIBOR Arm Interest In Arrears 2671 15YR BALLOON Fixed Interest In Arrears 2672 2/6 MONTH LIBOR Arm Interest In Arrears 2673 2/6 MONTH LIBOR Arm Interest In Arrears 2674 5/6 MONTH LIBOR Arm Interest In Arrears 2675 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2676 30YR FXD Fixed Interest In Arrears 2677 2/6 MONTH LIBOR Arm Interest In Arrears 2678 30YR FXD Fixed Interest In Arrears 2679 2/6 MONTH LIBOR Arm Interest In Arrears 2680 2/6 MONTH LIBOR Arm Interest In Arrears 2681 30YR FXD - 60 MONTH IO Fixed Interest Only 2682 15YR BALLOON Fixed Interest In Arrears 2683 15YR BALLOON Fixed Interest In Arrears 2684 2/6 MONTH LIBOR Arm Interest In Arrears 2685 2/6 MONTH LIBOR Arm Interest In Arrears 2686 30YR FXD Fixed Interest In Arrears 2687 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2688 15YR BALLOON Fixed Interest In Arrears 2689 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2690 15YR BALLOON Fixed Interest In Arrears 2691 15YR BALLOON Fixed Interest In Arrears 2692 2/6 MONTH LIBOR Arm Interest In Arrears 2693 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2695 5/6 MONTH LIBOR Arm Interest In Arrears 2696 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2698 2/6 MONTH LIBOR Arm Interest In Arrears 2699 2/6 MONTH LIBOR Arm Interest In Arrears 2700 30YR FXD Fixed Interest In Arrears 2701 2/6 MONTH LIBOR Arm Interest In Arrears 2702 30YR FXD Fixed Interest In Arrears 2703 2/6 MONTH LIBOR Arm Interest In Arrears 2704 30YR FXD Fixed Interest In Arrears 2705 30YR FXD Fixed Interest In Arrears 2706 2/6 MONTH LIBOR Arm Interest In Arrears 2707 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2708 15YR BALLOON Fixed Interest In Arrears 2709 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2710 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2711 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2712 15YR BALLOON Fixed Interest In Arrears 2713 15YR BALLOON Fixed Interest In Arrears 2714 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2715 15YR BALLOON Fixed Interest In Arrears 2716 3/6 MONTH LIBOR Arm Interest In Arrears 2717 2/6 MONTH LIBOR Arm Interest In Arrears 2718 15YR BALLOON Fixed Interest In Arrears 2719 2/6 MONTH LIBOR Arm Interest In Arrears 2720 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2721 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2722 15YR BALLOON Fixed Interest In Arrears 2723 2/6 MONTH LIBOR Arm Interest In Arrears 2724 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2726 2/6 MONTH LIBOR Arm Interest In Arrears 2727 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2728 15YR BALLOON Fixed Interest In Arrears 2729 15YR BALLOON Fixed Interest In Arrears 2730 2/6 MONTH LIBOR Arm Interest In Arrears 2731 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2732 15YR BALLOON Fixed Interest In Arrears 2733 2/6 MONTH LIBOR Arm Interest In Arrears 2734 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2735 30YR FXD Fixed Interest In Arrears 2736 30YR FXD Fixed Interest In Arrears 2737 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2739 3/6 MONTH LIBOR Arm Interest In Arrears 2740 30YR FXD Fixed Interest In Arrears 2741 3/6 MONTH LIBOR Arm Interest In Arrears 2742 2/6 MONTH LIBOR Arm Interest In Arrears 2743 2/6 MONTH LIBOR Arm Interest In Arrears 2744 15YR BALLOON Fixed Interest In Arrears 2745 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2746 15YR BALLOON Fixed Interest In Arrears 2747 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2749 2/6 MONTH LIBOR Arm Interest In Arrears 2750 2/6 MONTH LIBOR Arm Interest In Arrears 2751 2/6 MONTH LIBOR Arm Interest In Arrears 2752 15YR BALLOON Fixed Interest In Arrears 2753 2/6 MONTH LIBOR Arm Interest In Arrears 2754 2/6 MONTH LIBOR Arm Interest In Arrears 2755 3/6 MONTH LIBOR Arm Interest In Arrears 2756 5/6 MONTH LIBOR Arm Interest In Arrears 2757 30YR FXD Fixed Interest In Arrears 2758 2/6 MONTH LIBOR Arm Interest In Arrears 2759 2/6 MONTH LIBOR Arm Interest In Arrears 2760 15YR BALLOON Fixed Interest In Arrears 2761 2/6 MONTH LIBOR Arm Interest In Arrears 2762 2/6 MONTH LIBOR Arm Interest In Arrears 2763 2/6 MONTH LIBOR Arm Interest In Arrears 2764 30YR FXD Fixed Interest In Arrears 2765 30YR FXD Fixed Interest In Arrears 2766 2/6 MONTH LIBOR Arm Interest In Arrears 2767 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2768 30YR FXD Fixed Interest In Arrears 2769 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2770 30YR FXD Fixed Interest In Arrears 2771 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2772 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2773 15YR BALLOON Fixed Interest In Arrears 2774 30YR FXD Fixed Interest In Arrears 2775 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2776 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2777 15YR BALLOON Fixed Interest In Arrears 2778 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2779 30YR FXD - 60 MONTH IO Fixed Interest Only 2780 15YR BALLOON Fixed Interest In Arrears 2781 2/6 MONTH LIBOR Arm Interest In Arrears 2782 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2783 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2784 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2785 15YR BALLOON Fixed Interest In Arrears 2786 5/6 MONTH LIBOR Arm Interest In Arrears 2787 2/6 MONTH LIBOR Arm Interest In Arrears 2788 2/6 MONTH LIBOR Arm Interest In Arrears 2789 2/6 MONTH LIBOR Arm Interest In Arrears 2790 2/6 MONTH LIBOR Arm Interest In Arrears 2791 30YR FXD Fixed Interest In Arrears 2792 15YR BALLOON Fixed Interest In Arrears 2793 15YR BALLOON Fixed Interest In Arrears 2794 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2795 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2797 30YR FXD Fixed Interest In Arrears 2798 2/6 MONTH LIBOR Arm Interest In Arrears 2799 2/6 MONTH LIBOR -120 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2801 2/6 MONTH LIBOR Arm Interest In Arrears 2802 15YR BALLOON Fixed Interest In Arrears 2803 3/6 MONTH LIBOR Arm Interest In Arrears 2804 2/6 MONTH LIBOR Arm Interest In Arrears 2805 2/6 MONTH LIBOR Arm Interest In Arrears 2806 15YR BALLOON Fixed Interest In Arrears 2807 2/6 MONTH LIBOR Arm Interest In Arrears 2808 2/6 MONTH LIBOR Arm Interest In Arrears 2809 30YR FXD Fixed Interest In Arrears 2810 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2811 30YR FXD Fixed Interest In Arrears 2812 15YR BALLOON Fixed Interest In Arrears 2813 2/6 MONTH LIBOR Arm Interest In Arrears 2814 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2815 15YR BALLOON Fixed Interest In Arrears 2816 3/6 MONTH LIBOR Arm Interest In Arrears 2817 15YR BALLOON Fixed Interest In Arrears 2818 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2820 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2822 2/6 MONTH LIBOR Arm Interest In Arrears 2823 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2824 15YR BALLOON Fixed Interest In Arrears 2825 2/6 MONTH LIBOR Arm Interest In Arrears 2826 2/6 MONTH LIBOR Arm Interest In Arrears 2827 2/6 MONTH LIBOR Arm Interest In Arrears 2828 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2829 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2830 15YR BALLOON Fixed Interest In Arrears 2831 15YR BALLOON Fixed Interest In Arrears 2832 2/6 MONTH LIBOR Arm Interest In Arrears 2833 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2835 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2836 15YR BALLOON Fixed Interest In Arrears 2837 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2838 15YR BALLOON Fixed Interest In Arrears 2839 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2840 15YR BALLOON Fixed Interest In Arrears 2841 15YR BALLOON Fixed Interest In Arrears 2842 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2843 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2844 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2846 15YR BALLOON Fixed Interest In Arrears 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2848 2/6 MONTH LIBOR Arm Interest In Arrears 2849 30YR FXD Fixed Interest In Arrears 2850 2/6 MONTH LIBOR Arm Interest In Arrears 2851 30YR FXD Fixed Interest In Arrears 2852 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2854 15YR BALLOON Fixed Interest In Arrears 2855 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2856 15YR BALLOON Fixed Interest In Arrears 2857 5/6 MONTH LIBOR Arm Interest In Arrears 2858 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2860 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2862 15YR BALLOON Fixed Interest In Arrears 2863 2/6 MONTH LIBOR Arm Interest In Arrears 2864 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2865 15YR BALLOON Fixed Interest In Arrears 2866 15YR BALLOON Fixed Interest In Arrears 2867 15YR BALLOON Fixed Interest In Arrears 2868 15YR BALLOON Fixed Interest In Arrears 2869 2/6 MONTH LIBOR Arm Interest In Arrears 2870 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2871 15YR BALLOON Fixed Interest In Arrears 2872 2/6 MONTH LIBOR Arm Interest In Arrears 2873 15YR BALLOON Fixed Interest In Arrears 2874 15YR BALLOON Fixed Interest In Arrears 2875 30YR FXD Fixed Interest In Arrears 2876 2/6 MONTH LIBOR Arm Interest In Arrears 2877 2/6 MONTH LIBOR Arm Interest In Arrears 2878 3/6 MONTH LIBOR Arm Interest In Arrears 2879 2/6 MONTH LIBOR Arm Interest In Arrears 2880 15YR BALLOON Fixed Interest In Arrears 2881 2/6 MONTH LIBOR Arm Interest In Arrears 2882 30YR FXD Fixed Interest In Arrears 2883 15YR BALLOON Fixed Interest In Arrears 2884 15YR BALLOON Fixed Interest In Arrears 2885 30YR FXD - 60 MONTH IO Fixed Interest Only 2886 15YR BALLOON Fixed Interest In Arrears 2887 15YR BALLOON Fixed Interest In Arrears 2888 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2890 2/6 MONTH LIBOR Arm Interest In Arrears 2891 3/6 MONTH LIBOR - 36 MONTH IO Arm Interest Only 2892 15YR BALLOON Fixed Interest In Arrears 2893 2/6 MONTH LIBOR Arm Interest In Arrears 2894 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2896 2/6 MONTH LIBOR Arm Interest In Arrears 2897 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2898 15YR BALLOON Fixed Interest In Arrears 2899 15YR BALLOON Fixed Interest In Arrears 2900 2/6 MONTH LIBOR Arm Interest In Arrears 2901 15YR BALLOON Fixed Interest In Arrears 2902 30YR FXD Fixed Interest In Arrears 2903 3/6 MONTH LIBOR Arm Interest In Arrears 2904 30YR FXD Fixed Interest In Arrears 2905 2/6 MONTH LIBOR Arm Interest In Arrears 2906 15YR BALLOON Fixed Interest In Arrears 2907 15YR BALLOON Fixed Interest In Arrears 2908 15YR BALLOON Fixed Interest In Arrears 2909 2/6 MONTH LIBOR Arm Interest In Arrears 2910 2/6 MONTH LIBOR Arm Interest In Arrears 2911 15YR BALLOON Fixed Interest In Arrears 2912 2/6 MONTH LIBOR Arm Interest In Arrears 2913 2/6 MONTH LIBOR Arm Interest In Arrears 2914 15YR BALLOON Fixed Interest In Arrears 2915 2/6 MONTH LIBOR Arm Interest In Arrears 2916 15YR BALLOON Fixed Interest In Arrears 2917 30YR FXD Fixed Interest In Arrears 2918 2/6 MONTH LIBOR Arm Interest In Arrears 2919 2/6 MONTH LIBOR Arm Interest In Arrears 2920 30YR FXD Fixed Interest In Arrears 2921 3/6 MONTH LIBOR Arm Interest In Arrears 2922 2/6 MONTH LIBOR Arm Interest In Arrears 2923 2/6 MONTH LIBOR Arm Interest In Arrears 2924 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2926 30YR FXD Fixed Interest In Arrears 2927 15YR BALLOON Fixed Interest In Arrears 2928 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2929 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2930 30YR FXD Fixed Interest In Arrears 2931 2/6 MONTH LIBOR Arm Interest In Arrears 2932 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2933 30YR FXD -120 MONTH IO Fixed Interest Only 2934 15YR BALLOON Fixed Interest In Arrears 2935 2/6 MONTH LIBOR Arm Interest In Arrears 2936 30YR FXD Fixed Interest In Arrears 2937 15YR BALLOON Fixed Interest In Arrears 2938 2/6 MONTH LIBOR Arm Interest In Arrears 2939 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2941 2/6 MONTH LIBOR Arm Interest In Arrears 2942 2/6 MONTH LIBOR Arm Interest In Arrears 2943 2/6 MONTH LIBOR Arm Interest In Arrears 2944 10 YR FIXED Fixed Interest In Arrears 2945 30YR FXD Fixed Interest In Arrears 2946 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2948 2/6 MONTH LIBOR Arm Interest In Arrears 2949 2/6 MONTH LIBOR Arm Interest In Arrears 2950 15YR BALLOON Fixed Interest In Arrears 2951 2/6 MONTH LIBOR Arm Interest In Arrears 2952 2/6 MONTH LIBOR Arm Interest In Arrears 2953 30YR FXD Fixed Interest In Arrears 2954 30YR FXD Fixed Interest In Arrears 2955 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2957 30YR FXD Fixed Interest In Arrears 2958 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2959 15YR BALLOON Fixed Interest In Arrears 2960 2/6 MONTH LIBOR Arm Interest In Arrears 2961 15YR BALLOON Fixed Interest In Arrears 2962 15YR BALLOON Fixed Interest In Arrears 2963 2/6 MONTH LIBOR Arm Interest In Arrears 2964 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2966 15YR BALLOON Fixed Interest In Arrears 2967 2/6 MONTH LIBOR Arm Interest In Arrears 2968 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2969 15YR BALLOON Fixed Interest In Arrears 2970 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2972 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2973 15YR BALLOON Fixed Interest In Arrears 2974 15YR BALLOON Fixed Interest In Arrears 2975 15YR BALLOON Fixed Interest In Arrears 2976 2/6 MONTH LIBOR Arm Interest In Arrears 2977 2/6 MONTH LIBOR Arm Interest In Arrears 2978 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2979 15YR BALLOON Fixed Interest In Arrears 2980 15YR FXD Fixed Interest In Arrears 2981 2/6 MONTH LIBOR Arm Interest In Arrears 2982 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 2983 15YR BALLOON Fixed Interest In Arrears 2984 3/6 MONTH LIBOR Arm Interest In Arrears 2985 15YR BALLOON Fixed Interest In Arrears 2986 15YR BALLOON Fixed Interest In Arrears 2987 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 2989 2/6 MONTH LIBOR Arm Interest In Arrears 2990 2/6 MONTH LIBOR Arm Interest In Arrears 2991 15YR BALLOON Fixed Interest In Arrears 2992 30YR FXD Fixed Interest In Arrears 2993 15YR BALLOON Fixed Interest In Arrears 2994 2/6 MONTH LIBOR Arm Interest In Arrears 2995 2/6 MONTH LIBOR Arm Interest In Arrears 2996 3/6 MONTH LIBOR Arm Interest In Arrears 2997 30YR FXD Fixed Interest In Arrears 2998 3/6 MONTH LIBOR Arm Interest In Arrears 2999 2/6 MONTH LIBOR Arm Interest In Arrears 3000 15YR BALLOON Fixed Interest In Arrears 3001 15YR BALLOON Fixed Interest In Arrears 3002 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3004 3/6 MONTH LIBOR Arm Interest In Arrears 3005 15YR BALLOON Fixed Interest In Arrears 3006 30YR FXD Fixed Interest In Arrears 3007 2/6 MONTH LIBOR Arm Interest In Arrears 3008 3/6 MONTH LIBOR Arm Interest In Arrears 3009 2/6 MONTH LIBOR Arm Interest In Arrears 3010 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3011 30YR FXD Fixed Interest In Arrears 3012 15YR BALLOON Fixed Interest In Arrears 3013 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3014 30YR FXD Fixed Interest In Arrears 3015 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3016 30YR FXD Fixed Interest In Arrears 3017 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3019 2/6 MONTH LIBOR Arm Interest In Arrears 3020 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3021 15YR BALLOON Fixed Interest In Arrears 3022 2/6 MONTH LIBOR Arm Interest In Arrears 3023 2/6 MONTH LIBOR Arm Interest In Arrears 3024 15YR BALLOON Fixed Interest In Arrears 3025 2/6 MONTH LIBOR Arm Interest In Arrears 3026 15YR BALLOON Fixed Interest In Arrears 3027 2/6 MONTH LIBOR Arm Interest In Arrears 3028 15YR BALLOON Fixed Interest In Arrears 3029 30YR FXD Fixed Interest In Arrears 3030 30YR FXD Fixed Interest In Arrears 3031 15YR FXD Fixed Interest In Arrears 3032 15YR BALLOON Fixed Interest In Arrears 3033 3/6 MONTH LIBOR Arm Interest In Arrears 3034 2/6 MONTH LIBOR Arm Interest In Arrears 3035 15YR BALLOON Fixed Interest In Arrears 3036 2/6 MONTH LIBOR Arm Interest In Arrears 3037 15YR BALLOON Fixed Interest In Arrears 3038 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3039 30YR FXD Fixed Interest In Arrears 3040 2/6 MONTH LIBOR Arm Interest In Arrears 3041 2/6 MONTH LIBOR Arm Interest In Arrears 3042 15YR BALLOON Fixed Interest In Arrears 3043 30YR FXD Fixed Interest In Arrears 3044 2/6 MONTH LIBOR Arm Interest In Arrears 3045 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3047 30YR FXD Fixed Interest In Arrears 3048 5/6 MONTH LIBOR Arm Interest In Arrears 3049 2/6 MONTH LIBOR Arm Interest In Arrears 3050 2/6 MONTH LIBOR Arm Interest In Arrears 3051 30YR FXD Fixed Interest In Arrears 3052 15YR BALLOON Fixed Interest In Arrears 3053 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3054 15YR BALLOON Fixed Interest In Arrears 3055 15YR BALLOON Fixed Interest In Arrears 3056 15YR BALLOON Fixed Interest In Arrears 3057 2/6 MONTH LIBOR Arm Interest In Arrears 3058 3/6 MONTH LIBOR Arm Interest In Arrears 3059 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3060 15YR BALLOON Fixed Interest In Arrears 3061 2/6 MONTH LIBOR Arm Interest In Arrears 3062 30YR FXD Fixed Interest In Arrears 3063 30YR FXD - 60 MONTH IO Fixed Interest Only 3064 2/6 MONTH LIBOR Arm Interest In Arrears 3065 30YR FXD Fixed Interest In Arrears 3066 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3068 15YR BALLOON Fixed Interest In Arrears 3069 30YR FXD Fixed Interest In Arrears 3070 5/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3071 15YR BALLOON Fixed Interest In Arrears 3072 3/6 MONTH LIBOR Arm Interest In Arrears 3073 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3075 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3076 15YR FXD Fixed Interest In Arrears 3077 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3079 2/6 MONTH LIBOR Arm Interest In Arrears 3080 30YR FXD Fixed Interest In Arrears 3081 2/6 MONTH LIBOR Arm Interest In Arrears 3082 2/6 MONTH LIBOR Arm Interest In Arrears 3083 2/6 MONTH LIBOR Arm Interest In Arrears 3084 30YR FXD Fixed Interest In Arrears 3085 2/6 MONTH LIBOR Arm Interest In Arrears 3086 2/6 MONTH LIBOR Arm Interest In Arrears 3087 10 YR FIXED Fixed Interest In Arrears 3088 15YR FXD Fixed Interest In Arrears 3089 30YR FXD Fixed Interest In Arrears 3090 30YR FXD Fixed Interest In Arrears 3091 2/6 MONTH LIBOR Arm Interest In Arrears 3092 2/6 MONTH LIBOR Arm Interest In Arrears 3093 10 YR FIXED Fixed Interest In Arrears 3094 2/6 MONTH LIBOR Arm Interest In Arrears 3095 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3097 10 YR FIXED Fixed Interest In Arrears 3098 30YR FXD Fixed Interest In Arrears 3099 10 YR FIXED Fixed Interest In Arrears 3100 30YR FXD Fixed Interest In Arrears 3101 30YR FXD Fixed Interest In Arrears 3102 2/6 MONTH LIBOR Arm Interest In Arrears 3103 2/6 MONTH LIBOR Arm Interest In Arrears 3104 10 YR FIXED Fixed Interest In Arrears 3105 10 YR FIXED Fixed Interest In Arrears 3106 2/6 MONTH LIBOR Arm Interest In Arrears 3107 2/6 MONTH LIBOR Arm Interest In Arrears 3108 2/6 MONTH LIBOR Arm Interest In Arrears 3109 2/6 MONTH LIBOR Arm Interest In Arrears 3110 15YR FXD Fixed Interest In Arrears 3111 30YR FXD Fixed Interest In Arrears 3112 2/6 MONTH LIBOR Arm Interest In Arrears 3113 2/6 MONTH LIBOR Arm Interest In Arrears 3114 30YR FXD Fixed Interest In Arrears 3115 2/6 MONTH LIBOR Arm Interest In Arrears 3116 2/6 MONTH LIBOR Arm Interest In Arrears 3117 2/6 MONTH LIBOR Arm Interest In Arrears 3118 15YR FXD Fixed Interest In Arrears 3119 30YR FXD Fixed Interest In Arrears 3120 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3122 30YR FXD Fixed Interest In Arrears 3123 15YR FXD Fixed Interest In Arrears 3124 2/6 MONTH LIBOR Arm Interest In Arrears 3125 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3126 30YR FXD Fixed Interest In Arrears 3127 30YR FXD Fixed Interest In Arrears 3128 30YR FXD Fixed Interest In Arrears 3129 2/6 MONTH LIBOR Arm Interest In Arrears 3130 30YR FXD Fixed Interest In Arrears 3131 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3133 2/6 MONTH LIBOR Arm Interest In Arrears 3134 2/6 MONTH LIBOR Arm Interest In Arrears 3135 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3136 10 YR FIXED Fixed Interest In Arrears 3137 30YR FXD Fixed Interest In Arrears 3138 2/6 MONTH LIBOR Arm Interest In Arrears 3139 10 YR FIXED Fixed Interest In Arrears 3140 10 YR FIXED Fixed Interest In Arrears 3141 2/6 MONTH LIBOR Arm Interest In Arrears 3142 30YR FXD Fixed Interest In Arrears 3143 2/6 MONTH LIBOR Arm Interest In Arrears 3144 30YR FXD Fixed Interest In Arrears 3145 10 YR FIXED Fixed Interest In Arrears 3146 30YR FXD Fixed Interest In Arrears 3147 15YR FXD Fixed Interest In Arrears 3148 30YR FXD Fixed Interest In Arrears 3149 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3150 30YR FXD Fixed Interest In Arrears 3151 2/6 MONTH LIBOR Arm Interest In Arrears 3152 2/6 MONTH LIBOR Arm Interest In Arrears 3153 30YR FXD Fixed Interest In Arrears 3154 2/6 MONTH LIBOR Arm Interest In Arrears 3155 2/6 MONTH LIBOR Arm Interest In Arrears 3156 2/6 MONTH LIBOR Arm Interest In Arrears 3157 2/6 MONTH LIBOR Arm Interest In Arrears 3158 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3160 2/6 MONTH LIBOR Arm Interest In Arrears 3161 3/6 MONTH LIBOR Arm Interest In Arrears 3162 30YR FXD Fixed Interest In Arrears 3163 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3165 2/6 MONTH LIBOR Arm Interest In Arrears 3166 15YR FXD Fixed Interest In Arrears 3167 15YR FXD Fixed Interest In Arrears 3168 2/6 MONTH LIBOR Arm Interest In Arrears 3169 30YR FXD Fixed Interest In Arrears 3170 15YR FXD Fixed Interest In Arrears 3171 30YR FXD Fixed Interest In Arrears 3172 30YR FXD Fixed Interest In Arrears 3173 15YR FXD Fixed Interest In Arrears 3174 15YR FXD Fixed Interest In Arrears 3175 2/6 MONTH LIBOR Arm Interest In Arrears 3176 2/6 MONTH LIBOR Arm Interest In Arrears 3177 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3178 10 YR FIXED Fixed Interest In Arrears 3179 30YR FXD Fixed Interest In Arrears 3180 30YR FXD Fixed Interest In Arrears 3181 2/6 MONTH LIBOR Arm Interest In Arrears 3182 30YR FXD Fixed Interest In Arrears 3183 30YR FXD Fixed Interest In Arrears 3184 20YR FXD Fixed Interest In Arrears 3185 2/6 MONTH LIBOR Arm Interest In Arrears 3186 30YR FXD Fixed Interest In Arrears 3187 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3189 2/6 MONTH LIBOR Arm Interest In Arrears 3190 2/6 MONTH LIBOR Arm Interest In Arrears 3191 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3193 30YR FXD Fixed Interest In Arrears 3194 3/6 MONTH LIBOR Arm Interest In Arrears 3195 30YR FXD Fixed Interest In Arrears 3196 2/6 MONTH LIBOR Arm Interest In Arrears 3197 30YR FXD Fixed Interest In Arrears 3198 2/6 MONTH LIBOR Arm Interest In Arrears 3199 15YR FXD Fixed Interest In Arrears 3200 10 YR FIXED Fixed Interest In Arrears 3201 10 YR FIXED Fixed Interest In Arrears 3202 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3203 30YR FXD Fixed Interest In Arrears 3204 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3205 30YR FXD Fixed Interest In Arrears 3206 2/6 MONTH LIBOR Arm Interest In Arrears 3207 2/6 MONTH LIBOR Arm Interest In Arrears 3208 2/6 MONTH LIBOR Arm Interest In Arrears 3209 30YR FXD Fixed Interest In Arrears 3210 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3211 30YR FXD Fixed Interest In Arrears 3212 10 YR FIXED Fixed Interest In Arrears 3213 2/6 MONTH LIBOR Arm Interest In Arrears 3214 30YR FXD Fixed Interest In Arrears 3215 30YR FXD Fixed Interest In Arrears 3216 30YR FXD Fixed Interest In Arrears 3217 30YR FXD Fixed Interest In Arrears 3218 2/6 MONTH LIBOR Arm Interest In Arrears 3219 30YR FXD Fixed Interest In Arrears 3220 10 YR FIXED Fixed Interest In Arrears 3221 2/6 MONTH LIBOR Arm Interest In Arrears 3222 30YR FXD Fixed Interest In Arrears 3223 30YR FXD Fixed Interest In Arrears 3224 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3225 10 YR FIXED Fixed Interest In Arrears 3226 30YR FXD Fixed Interest In Arrears 3227 2/6 MONTH LIBOR Arm Interest In Arrears 3228 2/6 MONTH LIBOR Arm Interest In Arrears 3229 30YR FXD Fixed Interest In Arrears 3230 30YR FXD Fixed Interest In Arrears 3231 10 YR FIXED Fixed Interest In Arrears 3232 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3233 30YR FXD Fixed Interest In Arrears 3234 30YR FXD Fixed Interest In Arrears 3235 2/6 MONTH LIBOR Arm Interest In Arrears 3236 2/6 MONTH LIBOR Arm Interest In Arrears 3237 30YR FXD Fixed Interest In Arrears 3238 30YR FXD Fixed Interest In Arrears 3239 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3240 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3242 30YR FXD Fixed Interest In Arrears 3243 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3244 30YR FXD Fixed Interest In Arrears 3245 2/6 MONTH LIBOR Arm Interest In Arrears 3246 30YR FXD Fixed Interest In Arrears 3247 30YR FXD Fixed Interest In Arrears 3248 30YR FXD Fixed Interest In Arrears 3249 2/6 MONTH LIBOR Arm Interest In Arrears 3250 30YR FXD Fixed Interest In Arrears 3251 2/6 MONTH LIBOR Arm Interest In Arrears 3252 30YR FXD Fixed Interest In Arrears 3253 2/6 MONTH LIBOR Arm Interest In Arrears 3254 15YR FXD Fixed Interest In Arrears 3255 2/6 MONTH LIBOR Arm Interest In Arrears 3256 2/6 MONTH LIBOR Arm Interest In Arrears 3257 2/6 MONTH LIBOR Arm Interest In Arrears 3258 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3259 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3261 30YR FXD Fixed Interest In Arrears 3262 2/6 MONTH LIBOR Arm Interest In Arrears 3263 15YR FXD Fixed Interest In Arrears 3264 2/6 MONTH LIBOR Arm Interest In Arrears 3265 2/6 MONTH LIBOR Arm Interest In Arrears 3266 2/6 MONTH LIBOR Arm Interest In Arrears 3267 30YR FXD Fixed Interest In Arrears 3268 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3270 2/6 MONTH LIBOR Arm Interest In Arrears 3271 10 YR FIXED Fixed Interest In Arrears 3272 2/6 MONTH LIBOR Arm Interest In Arrears 3273 30YR FXD Fixed Interest In Arrears 3274 2/6 MONTH LIBOR Arm Interest In Arrears 3275 30YR FXD Fixed Interest In Arrears 3276 30YR FXD Fixed Interest In Arrears 3277 5/6 MONTH LIBOR Arm Interest In Arrears 3278 30YR FXD Fixed Interest In Arrears 3279 2/6 MONTH LIBOR Arm Interest In Arrears 3280 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3281 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3283 15YR FXD Fixed Interest In Arrears 3284 2/6 MONTH LIBOR Arm Interest In Arrears 3285 2/6 MONTH LIBOR Arm Interest In Arrears 3286 2/6 MONTH LIBOR Arm Interest In Arrears 3287 30YR FXD Fixed Interest In Arrears 3288 30YR FXD Fixed Interest In Arrears 3289 2/6 MONTH LIBOR Arm Interest In Arrears 3290 30YR FXD Fixed Interest In Arrears 3291 30YR FXD Fixed Interest In Arrears 3292 15YR FXD Fixed Interest In Arrears 3293 30YR FXD Fixed Interest In Arrears 3294 2/6 MONTH LIBOR Arm Interest In Arrears 3295 30YR FXD Fixed Interest In Arrears 3296 2/6 MONTH LIBOR Arm Interest In Arrears 3297 2/6 MONTH LIBOR Arm Interest In Arrears 3298 15YR BALLOON Fixed Interest In Arrears 3299 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3301 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3302 15YR BALLOON Fixed Interest In Arrears 3303 2/6 MONTH LIBOR Arm Interest In Arrears 3304 15YR BALLOON Fixed Interest In Arrears 3305 2/6 MONTH LIBOR Arm Interest In Arrears 3306 2/6 MONTH LIBOR Arm Interest In Arrears 3307 2/6 MONTH LIBOR Arm Interest In Arrears 3308 2/6 MONTH LIBOR Arm Interest In Arrears 3309 30YR FXD Fixed Interest In Arrears 3310 30YR FXD Fixed Interest In Arrears 3311 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3312 15YR BALLOON Fixed Interest In Arrears 3313 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3314 15YR FXD Fixed Interest In Arrears 3315 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3316 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3317 30YR FXD Fixed Interest In Arrears 3318 15YR FXD Fixed Interest In Arrears 3319 2/6 MONTH LIBOR Arm Interest In Arrears 3320 2/6 MONTH LIBOR Arm Interest In Arrears 3321 2/6 MONTH LIBOR Arm Interest In Arrears 3322 2/6 MONTH LIBOR Arm Interest In Arrears 3323 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3325 30YR FXD Fixed Interest In Arrears 3326 30YR FXD Fixed Interest In Arrears 3327 30YR FXD Fixed Interest In Arrears 3328 30YR FXD Fixed Interest In Arrears 3329 30YR FXD Fixed Interest In Arrears 3330 2/6 MONTH LIBOR Arm Interest In Arrears 3331 30YR FXD Fixed Interest In Arrears 3332 10 YR FIXED Fixed Interest In Arrears 3333 2/6 MONTH LIBOR Arm Interest In Arrears 3334 30YR FXD Fixed Interest In Arrears 3335 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3336 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3338 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3340 2/6 MONTH LIBOR Arm Interest In Arrears 3341 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3342 30YR FXD Fixed Interest In Arrears 3343 30YR FXD Fixed Interest In Arrears 3344 30YR FXD Fixed Interest In Arrears 3345 30YR FXD Fixed Interest In Arrears 3346 2/6 MONTH LIBOR Arm Interest In Arrears 3347 2/6 MONTH LIBOR Arm Interest In Arrears 3348 30YR FXD Fixed Interest In Arrears 3349 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3350 3/6 MONTH LIBOR Arm Interest In Arrears 3351 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3352 30YR FXD Fixed Interest In Arrears 3353 2/6 MONTH LIBOR Arm Interest In Arrears 3354 15YR FXD Fixed Interest In Arrears 3355 30YR FXD Fixed Interest In Arrears 3356 2/6 MONTH LIBOR Arm Interest In Arrears 3357 2/6 MONTH LIBOR Arm Interest In Arrears 3358 2/6 MONTH LIBOR Arm Interest In Arrears 3359 15YR FXD Fixed Interest In Arrears 3360 2/6 MONTH LIBOR Arm Interest In Arrears 3361 2/6 MONTH LIBOR Arm Interest In Arrears 3362 30YR FXD Fixed Interest In Arrears 3363 2/6 MONTH LIBOR Arm Interest In Arrears 3364 2/6 MONTH LIBOR Arm Interest In Arrears 3365 30YR FXD Fixed Interest In Arrears 3366 2/6 MONTH LIBOR Arm Interest In Arrears 3367 2/6 MONTH LIBOR Arm Interest In Arrears 3368 2/6 MONTH LIBOR Arm Interest In Arrears 3369 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3371 2/6 MONTH LIBOR Arm Interest In Arrears 3372 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3373 2/6 MONTH LIBOR Arm Interest In Arrears 3374 30YR FXD Fixed Interest In Arrears 3375 2/6 MONTH LIBOR Arm Interest In Arrears 3376 30YR FXD Fixed Interest In Arrears 3377 30YR FXD Fixed Interest In Arrears 3378 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3380 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3381 30YR FXD Fixed Interest In Arrears 3382 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3383 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3385 2/6 MONTH LIBOR Arm Interest In Arrears 3386 30YR FXD Fixed Interest In Arrears 3387 2/6 MONTH LIBOR Arm Interest In Arrears 3388 2/6 MONTH LIBOR Arm Interest In Arrears 3389 15YR BALLOON Fixed Interest In Arrears 3390 2/6 MONTH LIBOR Arm Interest In Arrears 3391 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3393 2/6 MONTH LIBOR Arm Interest In Arrears 3394 2/6 MONTH LIBOR Arm Interest In Arrears 3395 30YR FXD Fixed Interest In Arrears 3396 15YR BALLOON Fixed Interest In Arrears 3397 15YR BALLOON Fixed Interest In Arrears 3398 2/6 MONTH LIBOR Arm Interest In Arrears 3399 2/6 MONTH LIBOR Arm Interest In Arrears 3400 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3401 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3403 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3405 2/6 MONTH LIBOR Arm Interest In Arrears 3406 2/6 MONTH LIBOR Arm Interest In Arrears 3407 2/6 MONTH LIBOR Arm Interest In Arrears 3408 2/6 MONTH LIBOR Arm Interest In Arrears 3409 2/6 MONTH LIBOR Arm Interest In Arrears 3410 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3412 2/6 MONTH LIBOR Arm Interest In Arrears 3413 2/6 MONTH LIBOR Arm Interest In Arrears 3414 15YR BALLOON Fixed Interest In Arrears 3415 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3417 15YR BALLOON Fixed Interest In Arrears 3418 2/6 MONTH LIBOR Arm Interest In Arrears 3419 2/6 MONTH LIBOR Arm Interest In Arrears 3420 2/6 MONTH LIBOR Arm Interest In Arrears 3421 2/6 MONTH LIBOR Arm Interest In Arrears 3422 15YR BALLOON Fixed Interest In Arrears 3423 2/6 MONTH LIBOR Arm Interest In Arrears 3424 15YR BALLOON Fixed Interest In Arrears 3425 15YR BALLOON Fixed Interest In Arrears 3426 15YR BALLOON Fixed Interest In Arrears 3427 3/6 MONTH LIBOR Arm Interest In Arrears 3428 15YR BALLOON Fixed Interest In Arrears 3429 2/6 MONTH LIBOR Arm Interest In Arrears 3430 30YR FXD Fixed Interest In Arrears 3431 3/6 MONTH LIBOR Arm Interest In Arrears 3432 15YR BALLOON Fixed Interest In Arrears 3433 3/6 MONTH LIBOR Arm Interest In Arrears 3434 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3436 30YR FXD Fixed Interest In Arrears 3437 3/6 MONTH LIBOR Arm Interest In Arrears 3438 2/6 MONTH LIBOR Arm Interest In Arrears 3439 15YR BALLOON Fixed Interest In Arrears 3440 2/6 MONTH LIBOR Arm Interest In Arrears 3441 15YR BALLOON Fixed Interest In Arrears 3442 15YR BALLOON Fixed Interest In Arrears 3443 30YR FXD Fixed Interest In Arrears 3444 2/6 MONTH LIBOR Arm Interest In Arrears 3445 30YR FXD Fixed Interest In Arrears 3446 15YR BALLOON Fixed Interest In Arrears 3447 2/6 MONTH LIBOR Arm Interest In Arrears 3448 2/6 MONTH LIBOR Arm Interest In Arrears 3449 2/6 MONTH LIBOR Arm Interest In Arrears 3450 15YR FXD Fixed Interest In Arrears 3451 2/6 MONTH LIBOR Arm Interest In Arrears 3452 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3453 15YR BALLOON Fixed Interest In Arrears 3454 30YR FXD Fixed Interest In Arrears 3455 2/6 MONTH LIBOR Arm Interest In Arrears 3456 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3457 30YR FXD Fixed Interest In Arrears 3458 3/6 MONTH LIBOR Arm Interest In Arrears 3459 2/6 MONTH LIBOR Arm Interest In Arrears 3460 2/6 MONTH LIBOR Arm Interest In Arrears 3461 2/6 MONTH LIBOR Arm Interest In Arrears 3462 3/6 MONTH LIBOR Arm Interest In Arrears 3463 30YR FXD Fixed Interest In Arrears 3464 2/6 MONTH LIBOR Arm Interest In Arrears 3465 2/6 MONTH LIBOR Arm Interest In Arrears 3466 2/6 MONTH LIBOR Arm Interest In Arrears 3467 30YR FXD Fixed Interest In Arrears 3468 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3470 2/6 MONTH LIBOR Arm Interest In Arrears 3471 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3472 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3473 30YR FXD Fixed Interest In Arrears 3474 2/6 MONTH LIBOR Arm Interest In Arrears 3475 2/6 MONTH LIBOR Arm Interest In Arrears 3476 2/6 MONTH LIBOR Arm Interest In Arrears 3477 15YR BALLOON Fixed Interest In Arrears 3478 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3480 3/6 MONTH LIBOR Arm Interest In Arrears 3481 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3483 15YR BALLOON Fixed Interest In Arrears 3484 2/6 MONTH LIBOR Arm Interest In Arrears 3485 2/6 MONTH LIBOR Arm Interest In Arrears 3486 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3488 15YR BALLOON Fixed Interest In Arrears 3489 2/6 MONTH LIBOR Arm Interest In Arrears 3490 30YR FXD Fixed Interest In Arrears 3491 2/6 MONTH LIBOR Arm Interest In Arrears 3492 2/6 MONTH LIBOR Arm Interest In Arrears 3493 2/6 MONTH LIBOR Arm Interest In Arrears 3494 15YR BALLOON Fixed Interest In Arrears 3495 15YR BALLOON Fixed Interest In Arrears 3496 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3497 15YR BALLOON Fixed Interest In Arrears 3498 2/6 MONTH LIBOR Arm Interest In Arrears 3499 2/6 MONTH LIBOR Arm Interest In Arrears 3500 3/6 MONTH LIBOR Arm Interest In Arrears 3501 15YR BALLOON Fixed Interest In Arrears 3502 30YR FXD -120 MONTH IO Fixed Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3504 3/6 MONTH LIBOR Arm Interest In Arrears 3505 2/6 MONTH LIBOR Arm Interest In Arrears 3506 2/6 MONTH LIBOR Arm Interest In Arrears 3507 30YR FXD Fixed Interest In Arrears 3508 2/6 MONTH LIBOR Arm Interest In Arrears 3509 2/6 MONTH LIBOR Arm Interest In Arrears 3510 30YR FXD Fixed Interest In Arrears 3511 30YR FXD Fixed Interest In Arrears 3512 30YR FXD Fixed Interest In Arrears 3513 2/6 MONTH LIBOR Arm Interest In Arrears 3514 2/6 MONTH LIBOR Arm Interest In Arrears 3515 2/6 MONTH LIBOR Arm Interest In Arrears 3516 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3518 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3520 2/6 MONTH LIBOR Arm Interest In Arrears 3521 30YR FXD Fixed Interest In Arrears 3522 2/6 MONTH LIBOR Arm Interest In Arrears 3523 2/6 MONTH LIBOR Arm Interest In Arrears 3524 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3526 15YR FXD Fixed Interest In Arrears 3527 2/6 MONTH LIBOR Arm Interest In Arrears 3528 15YR FXD Fixed Interest In Arrears 3529 2/6 MONTH LIBOR Arm Interest In Arrears 3530 30YR FXD Fixed Interest In Arrears 3531 2/6 MONTH LIBOR Arm Interest In Arrears 3532 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3533 30YR FXD Fixed Interest In Arrears 3534 15YR FXD Fixed Interest In Arrears 3535 30YR FXD Fixed Interest In Arrears 3536 2/6 MONTH LIBOR Arm Interest In Arrears 3537 2/6 MONTH LIBOR Arm Interest In Arrears 3538 2/6 MONTH LIBOR Arm Interest In Arrears 3539 2/6 MONTH LIBOR Arm Interest In Arrears 3540 2/6 MONTH LIBOR Arm Interest In Arrears 3541 30YR FXD Fixed Interest In Arrears 3542 2/6 MONTH LIBOR Arm Interest In Arrears 3543 2/6 MONTH LIBOR Arm Interest In Arrears 3544 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3545 30YR FXD Fixed Interest In Arrears 3546 30YR FXD Fixed Interest In Arrears 3547 2/6 MONTH LIBOR Arm Interest In Arrears 3548 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3549 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3550 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3552 30YR FXD Fixed Interest In Arrears 3553 30YR FXD Fixed Interest In Arrears 3554 30YR FXD Fixed Interest In Arrears 3555 30YR FXD Fixed Interest In Arrears 3556 2/6 MONTH LIBOR Arm Interest In Arrears 3557 2/6 MONTH LIBOR Arm Interest In Arrears 3558 30YR FXD Fixed Interest In Arrears 3559 30YR FXD Fixed Interest In Arrears 3560 30YR FXD Fixed Interest In Arrears 3561 2/6 MONTH LIBOR Arm Interest In Arrears 3562 2/6 MONTH LIBOR Arm Interest In Arrears 3563 30YR FXD Fixed Interest In Arrears 3564 2/6 MONTH LIBOR Arm Interest In Arrears 3565 2/6 MONTH LIBOR Arm Interest In Arrears 3566 2/6 MONTH LIBOR Arm Interest In Arrears 3567 2/6 MONTH LIBOR Arm Interest In Arrears 3568 30YR FXD Fixed Interest In Arrears 3569 30YR FXD Fixed Interest In Arrears 3570 2/6 MONTH LIBOR Arm Interest In Arrears 3571 30YR FXD Fixed Interest In Arrears 3572 2/6 MONTH LIBOR Arm Interest In Arrears 3573 2/6 MONTH LIBOR Arm Interest In Arrears 3574 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3575 2/6 MONTH LIBOR Arm Interest In Arrears 3576 30YR FXD Fixed Interest In Arrears 3577 30YR FXD Fixed Interest In Arrears 3578 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3579 30YR FXD Fixed Interest In Arrears 3580 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3581 20YR FXD Fixed Interest In Arrears 3582 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3583 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3584 15YR FXD Fixed Interest In Arrears 3585 30YR FXD Fixed Interest In Arrears 3586 15YR BALLOON Fixed Interest In Arrears 3587 2/6 MONTH LIBOR Arm Interest In Arrears 3588 30YR FXD Fixed Interest In Arrears 3589 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3590 30YR FXD Fixed Interest In Arrears 3591 2/6 MONTH LIBOR Arm Interest In Arrears 3592 15YR FXD Fixed Interest In Arrears 3593 2/6 MONTH LIBOR Arm Interest In Arrears 3594 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3595 10 YR FIXED Fixed Interest In Arrears 3596 2/6 MONTH LIBOR Arm Interest In Arrears 3597 3/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3598 30YR FXD Fixed Interest In Arrears 3599 2/6 MONTH LIBOR Arm Interest In Arrears 3600 2/6 MONTH LIBOR Arm Interest In Arrears 3601 2/6 MONTH LIBOR Arm Interest In Arrears 3602 30YR FXD Fixed Interest In Arrears 3603 2/6 MONTH LIBOR Arm Interest In Arrears 3604 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3606 30YR FXD Fixed Interest In Arrears 3607 30YR FXD Fixed Interest In Arrears 3608 2/6 MONTH LIBOR Arm Interest In Arrears 3609 2/6 MONTH LIBOR Arm Interest In Arrears 3610 2/6 MONTH LIBOR Arm Interest In Arrears 3611 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3612 30YR FXD Fixed Interest In Arrears 3613 2/6 MONTH LIBOR Arm Interest In Arrears 3614 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3615 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3617 20YR FXD Fixed Interest In Arrears 3618 2/6 MONTH LIBOR Arm Interest In Arrears 3619 2/6 MONTH LIBOR Arm Interest In Arrears 3620 2/6 MONTH LIBOR Arm Interest In Arrears 3621 2/6 MONTH LIBOR Arm Interest In Arrears 3622 30YR FXD Fixed Interest In Arrears 3623 3/6 MONTH LIBOR Arm Interest In Arrears 3624 10 YR FIXED Fixed Interest In Arrears 3625 30YR FXD Fixed Interest In Arrears 3626 30YR FXD Fixed Interest In Arrears 3627 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 3628 30YR FXD Fixed Interest In Arrears 3629 2/6 MONTH LIBOR Arm Interest In Arrears 3630 2/6 MONTH LIBOR Arm Interest In Arrears 3631 2/6 MONTH LIBOR Arm Interest In Arrears 3632 2/6 MONTH LIBOR Arm Interest In Arrears 3633 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3635 2/6 MONTH LIBOR Arm Interest In Arrears 3636 2/6 MONTH LIBOR - 40 yr Arm Interest In Arrears 3637 30YR FXD Fixed Interest In Arrears 3638 30YR FXD Fixed Interest In Arrears 3639 30YR FXD Fixed Interest In Arrears 3640 30YR FXD Fixed Interest In Arrears 3641 30YR FXD Fixed Interest In Arrears 3642 2/6 MONTH LIBOR Arm Interest In Arrears 3643 2/6 MONTH LIBOR Arm Interest In Arrears 3644 2/6 MONTH LIBOR - 60 MONTH IO Arm Interest Only 0000 0/0 XXXXX XXXXX Xxx Interest In Arrears 3646 30YR FXD Fixed Interest In Arrears 3647 30YR FXD Fixed Interest In Arrears 3648 2/6 MONTH LIBOR Arm Interest In Arrears 3649 30YR FXD Fixed Interest In Arrears 3650 30YR FXD Fixed Interest In Arrears 3651 6 MONTH LIBOR Arm Interest In Arrears 3652 2/6 MONTH LIBOR Arm Interest In Arrears Loan Number Original Balance Current Balance Original Rate Note Rate ----------- ---------------- --------------- ------------- --------- 1 109500 109277.36 9.4 9.4 2 99200 99026.44 8.72 8.72 3 217600 216928.22 7.35 7.35 4 115920 115663.31 8.99 8.99 5 159000 158007.89 9 9 6 415000 411791.81 6.25 6.25 7 296400 294317.83 6.75 6.75 8 128000 127635.84 8.875 8.875 9 89000 88671.65 8.525 8.525 10 100000 99665.39 8.8 8.8 11 108500 108191.36 8.875 8.875 12 346750 344652.8 6 6 13 268000 268000 6.625 6.625 14 67000 66845.23 10.75 10.75 15 130000 129504.15 8.35 8.35 16 95200 94878.78 8.95 8.95 17 49050 48886.19 9 9 18 161000 160228.21 6.25 6.25 19 351500 349658.48 6.75 6.75 20 135000 135000 6.6 6.6 21 74100 73904.31 8.2 8.2 22 110500 110474.95 7.975 7.975 23 108900 108565.43 8.5 8.5 24 422100 422100 8.95 8.95 25 82400 82219.24 10.99 10.99 26 600000 599827.5 6.5 6.5 27 186000 186000 6.425 6.425 28 213750 213750 6.9 6.9 29 524000 524000 5.75 5.75 30 146400 145625.52 6.7 6.7 31 36600 36510.81 10.5 10.5 32 585000 583800 5.3 5.3 33 119250 118891.01 9.5 9.5 34 256000 256000 6.5 6.5 35 64000 63895.74 11.5 11.5 36 274993 274993 6.2 6.2 37 374400 374400 7.5 7.5 38 82500 82448.11 6.95 6.95 39 97000 96721.54 9.75 9.75 40 280000 280000 7.175 7.175 41 520000 519999.76 6.5 6.5 42 29300 29246.79 11 11 43 282445 280733.45 5.99 5.99 44 576000 573920.22 7.7 7.7 45 127000 126414.12 7.4 7.4 46 307120 307120 5.825 5.825 47 208400 207220.77 6.35 6.35 48 240250 239115.03 6.35 6.35 49 200273 199139.74 6.35 6.35 50 131750 131313.37 6.99 6.99 51 373500 372003.5 7.175 7.175 52 130000 129594.69 7.3 7.3 53 265500 264165.17 6 6 54 282000 280608.88 6.1 6.1 55 290000 289104.52 8.475 8.475 56 660000 660000 5.75 5.75 57 144800 144429.03 7.025 7.025 58 490000 489997.05 5.75 5.75 59 677600 677600 5.5 5.5 60 492000 492000 5.75 5.75 61 220500 220500 6.99 6.99 62 64000 63802.87 8 8 63 75000 74683.62 7.85 7.85 64 232000 231512.3 6.25 6.25 65 296000 293810.58 5.7 5.7 66 319960 319960 6.575 6.575 67 115200 115200 6.99 6.99 68 143200 143200 5.125 5.125 69 475000 473030.37 7 7 70 50600 49923.87 11.95 11.95 71 156750 156132.81 6.8 6.8 72 57800 57678.37 10.125 10.125 73 233100 231882.94 5.8 5.8 74 488000 488000 6.375 6.375 75 122000 121690.79 11.25 11.25 76 435000 432812.43 6 6 77 125000 125000 7 7 78 160000 159398.83 7.5 7.5 79 117000 116439.02 6.25 6.25 80 261250 260238.77 7.35 7.35 81 205000 204229.73 7.5 7.5 82 268000 268000 6.99 6.99 83 284000 284000 6.5 6.5 84 71000 70870.81 10.99 10.99 85 362000 362000 6.675 6.675 86 134100 133539.9 7.9 7.9 87 396000 396000 6.4 6.4 88 248000 248000 6.5 6.5 89 146900 144335.16 6.25 6.25 90 213600 213590.51 6.675 6.675 91 53400 53301.53 11 11 92 67000 66890.65 11.49 11.49 93 457200 420086.31 5.925 5.925 94 187500 187006.41 9.25 9.25 95 480000 477698.96 6.25 6.25 96 73000 72881.11 11.5 11.5 97 90000 89855.03 10.5 10.5 98 121275 120861.16 7.99 7.99 99 212500 212500 5.99 5.99 100 320000 318889.91 7.9 7.9 101 300000 299727.05 6.5 6.5 102 160000 159510.94 8.525 8.525 103 85000 84711.01 8 8 104 149400 148959.41 8.7 8.7 105 67600 67308.55 6.8 6.8 106 140000 139335.26 6.3 6.3 107 360000 360000 6.625 6.625 108 75000 74812.61 9.5 9.5 109 156000 155266.32 6.35 6.35 110 232400 232400 6.99 6.99 111 58100 57991.61 10.875 10.875 112 240000 238810.47 6.075 6.075 113 210000 209888.89 6.35 6.35 114 78850 78604.94 10.75 10.75 115 94000 93526.46 7.75 7.75 116 71750 71336.16 6.25 6.25 117 108000 107534.87 7.8 7.8 118 460000 458490.32 8.175 8.175 119 224000 222965.9 6.45 6.45 120 125000 124661.11 8 8 121 212000 211465.22 6.9 6.9 122 87000 86485.15 7 7 123 184000 183373.03 7.375 7.375 124 637000 635269.7 7.99 7.99 125 296000 295315.41 7.34 7.34 126 107000 106709.92 8 8 127 247000 245904.79 7.6 7.6 128 65600 64840.05 10.5 10.5 129 82500 82500 7.125 7.125 130 27500 27467.14 11.875 11.875 131 684000 684000 6.45 6.45 132 216000 215376.8 7.69 7.69 133 164500 163896.65 6.5 6.5 134 215000 214431.7 8.125 8.125 135 120000 119610.81 7.1 7.1 136 255000 254434.37 7.55 7.55 137 96460 96364.03 11.375 11.375 138 72000 71908.62 10.25 10.25 139 100000 99865.45 9.975 9.975 140 43000 42945.42 10.25 10.25 141 83200 83015.64 7.55 7.55 142 75400 75275.86 11.45 11.45 143 57000 56884.13 9.4 9.4 144 224000 223940.5 6.375 6.375 145 44000 43925.05 8.85 8.85 146 346500 346500 8.025 8.025 147 129600 129239.71 7.875 7.875 148 254450 253736.44 8.95 8.95 149 322000 320389.95 6.99 6.99 150 91700 91457.62 8.125 8.125 151 600000 597689.01 7.375 7.375 152 141000 140566.87 7.375 7.375 153 750000 750000 7.4 7.4 154 79000 78904.77 10.49 10.49 155 49200 49112.31 8.63 8.63 156 64531 64432.98 9.4 9.4 157 150000 149999.97 6.6 6.6 158 316000 316000 7.25 7.25 159 247750 247242.84 7.95 7.95 160 196800 196354.65 7.45 7.45 161 39400 39357.46 11 11 162 250000 249375.54 6.95 6.95 163 116000 115680.62 6.45 6.45 164 37000 36959.94 10.99 10.99 165 272000 271992 7.2 7.2 166 176000 175542.82 6.75 6.75 167 29000 28967.99 10.9 10.9 168 112000 111857.11 10.225 10.225 169 232000 231485.3 7.55 7.55 170 118400 118143.41 7.7 7.7 171 101000 100815.12 8.5 8.5 172 200000 199560.79 7.6 7.6 173 102000 102000 7.35 7.35 174 560000 559391.35 7.2 7.2 175 148000 147690.87 7.85 7.85 176 75000 74787.15 6.7 6.7 177 340000 339396.54 8.65 8.65 178 508000 508000 6.35 6.35 179 270000 269455.05 5.6 5.6 180 184000 183478.54 6.3 6.3 181 160000 159441.84 5.2 5.2 182 386400 385823.1 6.95 6.95 183 138400 138080.52 7.35 7.35 184 340800 340800 6.2 6.2 185 12350 11891.67 11.99 11.99 186 34600 34542.73 8.99 8.99 187 664000 664000 7.75 7.75 188 212000 211294.06 5.45 5.45 189 56100 55995.17 8.4 8.4 190 156900 156726.88 10.9 10.9 191 5745 5669.25 11.99 11.99 192 187500 187297.14 10.99 10.99 193 59600 59511.35 9.5 9.5 194 204000 204000 6.99 6.99 195 61000 60902.38 9.15 9.15 196 40350 40288.7 9.4 9.4 197 280000 279300.58 6.95 6.95 198 51000 50924.13 9.5 9.5 199 320000 319206.94 6.99 6.99 200 70000 69924.25 10.99 10.99 201 44000 43946.96 10.49 10.49 202 750000 748495.5 8.05 8.05 203 464000 462829.57 6.9 6.9 204 150000 149663.91 7.5 7.5 205 112000 111799.11 8.599 8.599 206 310000 309284.43 7.35 7.35 207 496000 495500 6.3 6.3 208 74000 73906.08 10.25 10.25 209 49800 49717.76 9 9 210 124000 123816.51 9.525 9.525 211 140000 139756.56 8.75 8.75 212 123600 123600 7.24 7.24 213 85200 85070.59 9.4 9.4 214 126000 125706.08 7.3 7.3 215 232720 232720 6.7 6.7 216 78195 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1660 225000 224155.67 6.35 6.35 1661 190000 189287.03 6.35 6.35 1662 250000 249172.57 7 7 1663 16250 16141.68 10.99 10.99 1664 248000 247051.37 6.25 6.25 1665 187500 187016.77 8.25 8.25 1666 158400 157979.17 8.1 8.1 1667 168000 167480.33 7.34 7.34 1668 63450 63365.97 10.05 10.05 1669 137000 136811.73 9.875 9.875 1670 398000 396549.02 6.5 6.5 1671 89000 88901.26 10.875 10.875 1672 111200 111200 7.1 7.1 1673 268000 266955.04 6.15 6.15 1674 67000 66898.81 10.8 10.8 1675 750000 747344.06 6.65 6.65 1676 180000 179616.38 7.75 7.75 1677 363600 362049.02 6.25 6.25 1678 362400 362400 5.9 5.9 1679 90600 90389.17 8.75 8.75 1680 127200 126775.13 6.95 6.95 1681 72165 72093.58 11.4 11.4 1682 137200 136688.56 6.55 6.55 1683 34300 34187.9 10.25 10.25 1684 80000 79842.73 8.15 8.15 1685 572000 570562.79 6.92 6.92 1686 143000 142809.65 10.025 10.025 1687 156800 156452.17 7.55 7.55 1688 39200 39157.58 10.99 10.99 1689 148000 147533.05 7.24 7.24 1690 18650 18498.23 11.99 11.99 1691 138000 137612.64 6.35 6.35 1692 108200 107959.99 7.55 7.55 1693 376000 375097.05 7.15 7.15 1694 135920 135466.01 6.95 6.95 1695 576000 576000 6.8 6.8 1696 9450 9327.32 12.25 12.25 1697 286000 284850.37 5.99 5.99 1698 268000 267283.24 6.6 6.6 1699 141700 141536.74 10.7 10.7 1700 52000 51906.6 9.99 9.99 1701 202000 201480.4 6.8 6.8 1702 482400 482400 6.5 6.5 1703 210000 209479.54 6.99 6.99 1704 35600 35561.48 11.025 11.025 1705 120600 120438.59 10 10 1706 180000 179631.54 7.95 7.95 1707 266000 265518.08 8.55 8.55 1708 135000 134882.87 7.99 7.99 1709 129600 129199.74 5.85 5.85 1710 153750 153247.53 5.55 5.55 1711 559200 557959.59 7.55 7.55 1712 507200 505720.62 6.15 6.15 1713 322400 322400 5.55 5.55 1714 191000 190749.45 11.2 11.2 1715 11200 11121.82 10.49 10.49 1716 41400 41308.32 8.99 8.99 1717 245000 244263.22 5.99 5.99 1718 195000 194576.01 7.65 7.65 1719 712000 710099.66 8.25 8.25 1720 126000 125659.72 6.55 6.55 1721 312000 311505.85 9.2 9.2 1722 336000 335160.71 6.95 6.95 1723 90000 89724.01 7.4 7.4 1724 323000 322160.99 6.75 6.75 1725 365000 364106.06 8.5 8.5 1726 179900 179303.77 6.99 6.99 1727 324000 322816.52 6.49 6.49 1728 84000 83893.41 10.25 10.25 1729 352000 351127.61 6.99 6.99 1730 116000 115612.55 6.95 6.95 1731 252000 251244.83 7.5 7.5 1732 520000 518497.75 6.2 6.2 1733 125520 125224.46 7.25 7.25 1734 212000 211642.65 8.9 8.9 1735 360000 358398.05 5.45 5.45 1736 668000 665517.37 6.4 6.4 1737 167000 166684.52 9.75 9.75 1738 368000 368000 5.79 5.79 1739 110625 110476.14 9.975 9.975 1740 80000 79852.06 8.45 8.45 1741 413000 411846.06 7.85 7.85 1742 220000 219566.64 8.14 8.14 1743 176000 175440.31 7.2 7.2 1744 512000 512000 5.95 5.95 1745 164800 164367.73 6.7 6.7 1746 97500 96906.3 8.99 8.99 1747 208000 207510.27 7.25 7.25 1748 52000 51941.06 10.775 10.775 1749 128000 127732.85 9.275 9.275 1750 177000 176644.93 8.05 8.05 1751 11300 11202.86 11.4 11.4 1752 92000 91847.77 8.99 8.99 1753 160000 159539.3 7.7 7.7 1754 221600 220851.99 6.9 6.9 1755 162000 162000 7.65 7.65 1756 336000 335216.69 7.3 7.3 1757 225000 224620.73 8.9 8.9 1758 118400 117866.84 5.5 5.5 1759 38000 37943.83 10.9 10.9 1760 196125 195892.97 7.3 7.3 1761 158000 157649.51 7.55 7.55 1762 29600 29550.97 8.99 8.99 1763 214000 213448.47 8.25 8.25 1764 180000 179392.82 6.9 6.9 1765 440000 439023.99 7.55 7.55 1766 51600 51507.33 9.99 9.99 1767 95800 95664.83 9.75 9.75 1768 31380 31345.73 10.95 10.95 1769 714232 711960.71 7.2 7.2 1770 282750 282036.75 6.9 6.9 1771 41200 41135.76 9.275 9.275 1772 152000 151520.45 7.25 7.25 1773 332000 332000 6.175 6.175 1774 252000 251388.81 7.1 7.1 1775 90000 89838.4 9.99 9.99 1776 121600 121156.68 6.5 6.5 1777 35000 34955.58 10.25 10.25 1778 207920 207511.25 8.15 8.15 1779 51980 51928.55 11.4 11.4 1780 215000 214402.31 6.4 6.4 1781 115000 114861.37 10.49 10.49 1782 161000 160731.4 8.95 8.95 1783 158000 157653.02 7.6 7.6 1784 170400 169982.63 7.05 7.05 1785 120000 119631.15 5.875 5.875 1786 110000 109867.69 10.5 10.5 1787 200000 199441.2 7.85 7.85 1788 70000 69840.01 7.4 7.4 1789 166250 165906.23 7.9 7.9 1790 306800 305963.41 6.5 6.5 1791 375000 374232.39 7.95 7.95 1792 86994 86658.01 6.2 6.2 1793 76700 76608.25 10.525 10.525 1794 543750 542494.88 7.35 7.35 1795 42600 42553.9 10.99 10.99 1796 25000 24947.56 9.25 9.25 1797 55400 55315.44 10.75 10.75 1798 118260 118029.87 8.2 8.2 1799 211500 211112.86 8.5 8.5 1800 36200 36151.44 9.99 9.99 1801 104000 103745.25 7.05 7.05 1802 552000 552000 5.5 5.5 1803 184000 184000 6.6 6.6 1804 300800 300112.54 7.4 7.4 1805 476250 474870.45 7.67 7.67 1806 44000 43925.43 8.875 8.875 1807 53400 53201.51 9.99 9.99 1808 30200 30148.29 10.25 10.25 1809 11800 11637.71 11.25 11.25 1810 19250 19135.95 12.25 12.25 1811 456000 456000 6.7 6.7 1812 26000 25960.5 9.4 9.4 1813 175000 174619.48 7.65 7.65 1814 14000 13818.24 12.25 12.25 1815 75200 75118.64 10.99 10.99 1816 66500 66407.34 9.85 9.85 1817 99389 99245.75 9.65 9.65 1818 156400 156012.37 6.99 6.99 1819 79000 78925.57 11.625 11.625 1820 51600 51519.1 9.25 9.25 1821 35400 35343.34 9.15 9.15 1822 388000 387086.46 7.25 7.25 1823 150390 150168.38 6.1 6.1 1824 26000 25967 10.25 10.25 1825 73600 73489.76 9.9 9.9 1826 150001 149621.11 6.9 6.9 1827 79600 79401.15 6.95 6.95 1828 206400 206394 7.05 7.05 1829 198937 198435.19 6.9 6.9 1830 49734 49669.52 10.15 10.15 1831 368000 368000 6 6 1832 345000 344660.43 7.55 7.55 1833 276250 275979.64 11.45 11.45 1834 157500 157074.65 6.55 6.55 1835 178000 177580.89 7.25 7.25 1836 351920 351920 7.2 7.2 1837 200000 199455.4 6.45 6.45 1838 220000 219809.11 7.99 7.99 1839 345000 344974.6 8.1 8.1 1840 170000 169688.83 8.5 8.5 1841 45000 44385.49 11.375 11.375 1842 180000 179462.28 6.025 6.025 1843 315350 315350 6.5 6.5 1844 424000 422843.85 6.5 6.5 1845 195300 194777.66 6.6 6.6 1846 288000 288000 6.7 6.7 1847 106000 105820.39 8.875 8.875 1848 547500 546180.86 7.15 7.15 1849 211450 211020.62 7.99 7.99 1850 107000 106852.7 6.35 6.35 1851 440000 439014.22 7.5 7.5 1852 31500 31447.85 8.99 8.99 1853 332500 332500 6.99 6.99 1854 719200 719200 6.75 6.75 1855 251200 250577.43 6.99 6.99 1856 120000 119821.5 9.5 9.5 1857 243530 243197.09 9.9 9.9 1858 130000 129798.34 9.3 9.3 1859 68000 67901.2 9.99 9.99 1860 528000 528000 6.9 6.9 1861 72000 71881.73 9.025 9.025 1862 388000 388000 6.49 6.49 1863 664000 664000 6.75 6.75 1864 83000 82903.35 10.65 10.65 1865 248000 248000 6.6 6.6 1866 36000 35958.05 10.65 10.65 1867 450000 448989.8 7.49 7.49 1868 312000 311640.32 6.99 6.99 1869 198000 197787.8 7.25 7.25 1870 712000 712000 6.99 6.99 1871 471402 470493.98 8.25 8.25 1872 10710 10572.96 12.5 12.5 1873 179800 179590.63 10.65 10.65 1874 352000 352000 6.2 6.2 1875 53730 53661.81 10.25 10.25 1876 90000 89843.49 8.75 8.75 1877 352000 351049.41 6.55 6.55 1878 81400 81311.92 10.99 10.99 1879 56000 55924.64 9.975 9.975 1880 338400 338400 6 6 1881 492000 491999.5 5.95 5.95 1882 97000 96869.47 9.975 9.975 1883 49980 49926.27 11.02 11.02 1884 510000 510000 7.55 7.55 1885 84600 84498.77 10.525 10.525 1886 44000 43956.22 11.375 11.375 1887 115000 114825.3 9.4 9.4 1888 128000 127674.8 6.95 6.95 1889 236000 236000 6.3 6.3 1890 388000 387229.49 8.1 8.1 1891 600000 598653.09 7.49 7.49 1892 75980 75900.15 11.125 11.125 1893 57000 56946.13 11.625 11.625 1894 78000 77901.03 10.25 10.25 1895 65400 65314.74 10.125 10.125 1896 108400 108262.45 10.25 10.25 1897 108000 106945.47 10.25 10.25 1898 376000 375051.54 6.9 6.9 1899 60326 60242.39 9.975 9.975 1900 193500 192996.88 6.75 6.75 1901 84000 83875.05 9.5 9.5 1902 661250 661250 7.7 7.7 1903 312000 312000 7.6 7.6 1904 78000 77904.25 11.75 11.75 1905 201000 199549.57 7.75 7.75 1906 231200 230037.58 6 6 1907 136000 135549.28 6.99 6.99 1908 100000 99697.95 7.5 7.5 1909 348000 347004.23 6.25 6.25 1910 112990 112854.09 10.5 10.5 1911 87000 86867.84 9.4 9.4 1912 125000 124699.81 8.6 8.6 1913 65000 64809.07 7.6 7.6 1914 99000 98872.31 11.525 11.525 1915 196000 195394.91 7.35 7.35 1916 168000 167613.89 8.81 8.81 1917 123000 122629.73 8.6 8.6 1918 119966 119709.05 9.15 9.15 1919 77000 76855.66 10.75 10.75 1920 189600 189157.97 7.3 7.3 1921 255000 254435.36 8.99 8.99 1922 47400 47351.54 11.25 11.25 1923 100000 99699.69 9.5 9.5 1924 384000 382837.83 7.45 7.45 1925 239200 238504.34 7.65 7.65 1926 447000 445872.44 6.9 6.9 1927 29715 29534.6 11.99 11.99 1928 452000 450220.76 6.1 6.1 1929 33200 32998.27 8.975 8.975 1930 227500 227135.91 9.15 9.15 1931 172000 171573.72 6.99 6.99 1932 367000 365878.18 7.4 7.4 1933 355000 354086.83 6.8 6.8 1934 326400 326400 5.85 5.85 1935 544000 541813.33 5.99 5.99 1936 272000 271017.95 6.55 6.55 1937 436000 434588.47 5.6 5.6 1938 18150 18017.41 9.99 9.99 1939 260000 258895.97 5.7 5.7 1940 68000 67871.52 9.75 9.75 1941 76800 76670.52 8.9 8.9 1942 294000 293286.96 7.1 7.1 1943 228000 227316.79 7.5 7.5 1944 386750 386750 5.99 5.99 1945 264000 264000 5.85 5.85 1946 181300 180788.32 7.8 7.8 1947 60800 60686.41 8.4 8.4 1948 335410 335410 5.75 5.75 1949 24100 23897.6 11.65 11.65 1950 189800 189622.22 11.65 11.65 1951 440000 438668.34 7.45 7.45 1952 75293 75171.88 9.125 9.125 1953 313600 312977.25 8.1 8.1 1954 52000 51921 9.4 9.4 1955 148000 147504.24 6.95 6.95 1956 183950 183458.03 6.6 6.6 1957 110800 110503.66 6.6 6.6 1958 179500 179500 6.625 6.625 1959 45200 45153.76 11.25 11.25 1960 105000 104858.7 9.975 9.975 1961 459000 459000 6.1 6.1 1962 295712 294942.16 8.2 8.2 1963 177000 176490.37 7.7 7.7 1964 465000 463617.54 6.05 6.05 1965 340000 339999.47 6.65 6.65 1966 154880 154527.66 7.45 7.45 1967 83852 83721.27 9.275 9.275 1968 27700 27655.43 9.125 9.125 1969 160000 160000 7.4 7.4 1970 23208 23053.32 10.99 10.99 1971 108000 107791.97 8.25 8.25 1972 195000 194398 7.35 7.35 1973 256000 256000 6.75 6.75 1974 209600 209038.33 6.59 6.59 1975 194600 194061.42 6.45 6.45 1976 420000 420000 5.99 5.99 1977 472000 472000 6.8 6.8 1978 96450 96253.89 9.4 9.4 1979 680000 678232.83 7.65 7.65 1980 328000 327368.19 8.25 8.25 1981 352000 351249.83 7.75 7.75 1982 514400 514400 5.99 5.99 1983 169576 169372.06 10.5 10.5 1984 536000 536000 6.75 6.75 1985 52400 52329.7 9.99 9.99 1986 448000 448000 6.99 6.99 1987 162160 161754.94 6.95 6.95 1988 102000 101710.91 6.3 6.3 1989 85000 84867.46 9.275 9.275 1990 316000 315216.84 6.99 6.99 1991 113000 112848.44 9.99 9.99 1992 191760 191211.12 6.25 6.25 1993 357000 356589.59 7 7 1994 66351 66279.2 10.99 10.99 1995 480000 480000 6.72 6.72 1996 380000 380000 6.99 6.99 1997 38720 38673.5 10.525 10.525 1998 109000 108850.18 9.875 9.875 1999 126000 125723.28 7.6 7.6 2000 118000 117841.73 9.99 9.99 2001 336000 336000 6.99 6.99 2002 145000 144633.83 8.35 8.35 2003 104000 103874.92 10.5 10.5 2004 370000 369195.51 7.65 7.65 2005 47940 47863.37 9.2 9.2 2006 77000 76746.41 8.1 8.1 2007 285000 285000 6.65 6.65 2008 179200 178697 6.35 6.35 2009 288000 287259.17 6.8 6.8 2010 105000 104859.18 9.99 9.99 2011 540000 538439.95 6.2 6.2 2012 74000 73858.87 8.3 8.3 2013 268000 267434.56 7.8 7.8 2014 112000 111814.68 8.99 8.99 2015 382000 381328.95 8.7 8.7 2016 350000 349448.19 10.99 10.99 2017 330800 330073.52 7.6 7.6 2018 70400 70323.82 10.99 10.99 2019 9600 9474.46 12.25 12.25 2020 359000 358551.31 6.7 6.7 2021 382400 382400 6.35 6.35 2022 232000 231425.01 6.99 6.99 2023 232500 231907.76 6.85 6.85 2024 82500 82336.17 8.1 8.1 2025 55000 54764.24 10.775 10.775 2026 164000 163699.82 8.5 8.5 2027 544000 544000 6.25 6.25 2028 344000 342573.54 7 7 2029 177000 176913.55 6.65 6.65 2030 368000 367353.55 8.7 8.7 2031 497200 497200 7.75 7.75 2032 83000 82826.62 7.85 7.85 2033 109000 108902.83 11.875 11.875 2034 696000 694295.29 7.05 7.05 2035 20800 20655.28 10.525 10.525 2036 276960 276144.8 7.59 7.59 2037 272000 272000 5.7 5.7 2038 173840 173292.59 7.25 7.25 2039 490000 488314.65 6.8 6.8 2040 114750 114596.42 10 10 2041 60000 59891.29 8.55 8.55 2042 328000 328000 7.04 7.04 2043 278500 277434.67 6.25 6.25 2044 94400 94076.09 6.85 6.85 2045 90000 89803.14 9.05 9.05 2046 120000 119749.46 9.3 9.3 2047 144000 143685.06 9.05 9.05 2048 184000 183353.64 6.7 6.7 2049 216163 216163 6.85 6.85 2050 288000 287045.54 6.99 6.99 2051 46000 45905.88 9.4 9.4 2052 319200 318232.76 5.95 5.95 2053 79800 79675.56 9.275 9.275 2054 203200 202553.81 7.2 7.2 2055 140000 139798.24 9.65 9.65 2056 231200 230611.35 7.05 7.05 2057 157500 157205.5 9.8 9.8 2058 105000 104753.17 8.7 8.7 2059 127920 127391.95 5.85 5.85 2060 133120 132728.95 7.6 7.6 2061 134000 133658.66 6.85 6.85 2062 182000 181619.86 7.85 7.85 2063 89000 88881.58 11.4 11.4 2064 213520 213078.48 7.9 7.9 2065 147920 147683.27 9.15 9.15 2066 106000 105748.22 8.65 8.65 2067 440000 439090.19 7.9 7.9 2068 976000 972986.43 6.6 6.6 2069 266400 265517.12 6.99 6.99 2070 57800 57712.19 9.4 9.4 2071 100000 99714.91 7.75 7.75 2072 105600 105280.4 7.45 7.45 2073 154000 153799.32 10.125 10.125 2074 182400 181790.74 6.95 6.95 2075 232000 231254.9 7.15 7.15 2076 160550 160265.05 8.65 8.65 2077 104000 103642.27 6.8 6.8 2078 173400 173019.18 7.6 7.6 2079 26000 25962.59 11.025 11.025 2080 264000 263032.42 5.85 5.85 2081 57500 57395.36 8.55 8.55 2082 129600 129600 7.05 7.05 2083 174750 174358.49 7.5 7.5 2084 220000 219605.5 8.6 8.6 2085 169600 169188.67 7.1 7.1 2086 160000 159518.83 5.99 5.99 2087 175000 174710.27 9.85 9.85 2088 24000 23840.54 11.025 11.025 2089 112800 112441.47 7.4 7.4 2090 264000 263143.75 7.1 7.1 2091 140000 139738.43 8.4 8.4 2092 192000 191538.89 7.15 7.15 2093 244000 243160.77 6.8 6.8 2094 61000 60875.96 9.4 9.4 2095 32400 32291.66 10.175 10.175 2096 42750 42685.04 9.4 9.4 2097 222400 221781.72 6.4 6.4 2098 88000 87818.04 7.9 7.9 2099 300000 299265.2 7.05 7.05 2100 300000 299312.64 7.4 7.4 2101 29892 29845.38 9.275 9.275 2102 59440 59339.8 8.9 8.9 2103 239200 238570.89 8.15 8.15 2104 14860 14764.66 11.4 11.4 2105 406250 405756.13 10.45 10.45 2106 664307 662788.77 7.4 7.4 2107 178000 177684.06 8.65 8.65 2108 156000 156000 5.85 5.85 2109 115000 114810.12 9 9 2110 130000 129859.63 11 11 2111 130000 129450.67 6.6 6.6 2112 124000 123872.26 7.39 7.39 2113 43000 42942.13 9.975 9.975 2114 168000 167695.62 8.55 8.55 2115 58000 57910.54 11.375 11.375 2116 58000 57865.46 9.275 9.275 2117 160000 159486.11 7.15 7.15 2118 100000 99728.35 7.99 7.99 2119 15000 14816.3 13.25 13.25 2120 40000 39939.59 10.8 10.8 2121 320000 319206.94 6.99 6.99 2122 344000 343295.85 7.95 7.95 2123 432000 432000 6.99 6.99 2124 108000 107862.21 10.225 10.225 2125 20250 20132.83 12.5 12.5 2126 83000 82886.54 9.9 9.9 2127 45250 45189.1 9.975 9.975 2128 201000 200785.53 8.1 8.1 2129 400000 399119.78 7.59 7.59 2130 80000 79893.49 10.025 10.025 2131 179390 178997.67 9.05 9.05 2132 50880 50811.54 9.975 9.975 2133 420000 418917.62 8.25 8.25 2134 180000 179663.73 8.4 8.4 2135 95800 95675.14 10.125 10.125 2136 90000 89876.31 9.875 9.875 2137 72080 72002.6 11.025 11.025 2138 86600 86483.48 9.975 9.975 2139 117000 116744.11 9.05 9.05 2140 25540 25512.57 11.025 11.025 2141 206000 205646.24 10.2 10.2 2142 360000 358471.36 5.7 5.7 2143 288000 287308.35 7.15 7.15 2144 67050 66959.78 9.975 9.975 2145 56000 55849.69 8.05 8.05 2146 72900 72807.5 10.25 10.25 2147 75190 75115.19 11.375 11.375 2148 99800 99665.72 9.975 9.975 2149 510250 509325.6 8.55 8.55 2150 264000 263258.96 6.35 6.35 2151 61000 60917.91 9.975 9.975 2152 164000 163441.39 6.85 6.85 2153 400000 398919.7 6.55 6.55 2154 48800 48721.22 10.49 10.49 2155 195200 194528.61 6.8 6.8 2156 162400 161964.17 8.05 8.05 2157 178400 177849.24 7.35 7.35 2158 279500 278788.04 6.85 6.85 2159 102000 101909.06 11.875 11.875 2160 20500 20378.53 12.25 12.25 2161 324000 324000 7.2 7.2 2162 164000 163561.36 6.6 6.6 2163 152000 151642.12 7.25 7.25 2164 260000 259132.39 7.75 7.75 2165 329872 329872 6.5 6.5 2166 335200 334378.98 7.05 7.05 2167 213000 212602.07 8.4 8.4 2168 200000 199486.99 6.85 6.85 2169 83800 83672.71 9.4 9.4 2170 41000 40955.97 11.025 11.025 2171 75000 74795.64 7.975 7.975 2172 60800 60678.04 8.05 8.05 2173 82468 82357.44 9.975 9.975 2174 311500 310666.89 6.6 6.6 2175 164000 163552.78 6.5 6.5 2176 130200 129982.79 8.95 8.95 2177 81000 80889.26 9.9 9.9 2178 164000 163636.2 7.55 7.55 2179 272000 271098.56 6.99 6.99 2180 66000 65897.08 9.275 9.275 2181 325000 324122.34 6.55 6.55 2182 325500 325025.92 9.6 9.6 2183 88400 88311.56 11.99 11.99 2184 188000 187525.78 6.9 6.9 2185 17300 17179.63 10.525 10.525 2186 210000 209578.71 8.05 8.05 2187 175000 174592.76 8.75 8.75 2188 210000 209263.5 6.7 6.7 2189 123750 123518.79 8.4 8.4 2190 226720 226072.93 7.75 7.75 2191 177100 176819.52 9.2 9.2 2192 46200 46134.81 9.75 9.75 2193 70900 70831.36 11.5 11.5 2194 295000 294080.22 7.3 7.3 2195 97000 96843.76 10.5 10.5 2196 700000 700000 6.75 6.75 2197 113900 113617.7 6.99 6.99 2198 175000 174739.71 9.5 9.5 2199 193500 193021.22 8.45 8.45 2200 128000 127435.72 5.5 5.5 2201 193500 192805.74 6.6 6.6 2202 142400 142022.83 6.65 6.65 2203 300000 299064.63 7.3 7.3 2204 68400 68326.16 11 11 2205 33980 33904.76 8.99 8.99 2206 143800 143586.12 9.5 9.5 2207 120000 120000 7.3 7.3 2208 130000 129693.92 7.25 7.25 2209 448000 447424.36 6.6 6.6 2210 32000 31963.91 10.8 10.8 2211 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6.25 6.25 2668 334500 333071.77 6.85 6.85 2669 173400 172859.27 7.35 7.35 2670 168000 167323.58 7.15 7.15 2671 42000 41938.03 11.95 11.95 2672 473400 471707.67 7.75 7.75 2673 238000 237220.49 7.05 7.05 2674 280000 278380.03 5.25 5.25 2675 451250 451250 6.99 6.99 2676 80000 79864.45 8.875 8.875 2677 217000 215867.01 5.8 5.8 2678 79800 79668 8.99 8.99 2679 74750 74570.48 7.15 7.15 2680 279000 277749.52 6.6 6.6 2681 189000 189000 6.425 6.425 2682 41000 40887.9 9.1 9.1 2683 50000 49840.69 8.99 8.99 2684 150100 149605.24 8.25 8.25 2685 532000 530445.09 7.625 7.625 2686 468000 466446.07 7.55 7.55 2687 490000 489447.14 8 8 2688 71400 71296.75 11 11 2689 400000 400000 7.15 7.15 2690 100000 99882.51 11.95 11.95 2691 80000 79881.96 11.95 11.95 2692 152000 147055.51 6.55 6.55 2693 283500 283500 6.375 6.375 2694 145350 144843.24 7.875 7.875 2695 203300 202819.66 8.675 8.675 2696 960000 960000 6.975 6.975 2697 108500 108187.6 7.7 7.7 2698 72900 72726.7 9.6 9.6 2699 100000 99133.55 8.15 8.15 2700 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259105.72 6.8 6.8 2798 121600 121283.43 8.2 8.2 2799 480000 480000 6.99 6.99 2800 178400 177749.63 6.5 6.5 2801 100000 99762.5 8.65 8.65 2802 25000 24973.74 12.45 12.45 2803 272000 271091.88 6.99 6.99 2804 161250 160945.67 8.35 8.35 2805 148750 148304.28 7.5 7.5 2806 86400 86285.46 11.4 11.4 2807 450000 448717.2 7.75 7.75 2808 220000 219487.85 8.85 8.85 2809 144000 143458.97 6.35 6.35 2810 850000 850000 7.375 7.375 2811 252000 251123.94 6.75 6.75 2812 195000 194685.95 10.5 10.5 2813 446000 445645.11 7.15 7.15 2814 324900 324900 9.975 9.975 2815 55000 54876.19 9.95 9.95 2816 171000 170346.45 6.875 6.875 2817 35200 35145.72 10.7 10.7 2818 416500 416500 7.775 7.775 2819 110500 110184.99 7.75 7.75 2820 390000 390000 6.45 6.45 2821 260000 259309.29 8.1 8.1 2822 301500 300761.63 8.5 8.5 2823 339300 339200 6.5 6.5 2824 63000 62854.94 8.8 8.8 2825 89100 88906.17 9.075 9.075 2826 126000 125601.54 7.25 7.25 2827 133000 132577.05 7.2 7.2 2828 379080 379079.4 7.15 7.15 2829 649950 649950 7.35 7.35 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47516.17 10.45 10.45 2863 56240 56157.96 9.625 9.625 2864 296000 296000 7.95 7.95 2865 74000 73916.82 12.15 12.15 2866 85000 84846.07 9.95 9.95 2867 71000 70871.45 9.95 9.95 2868 102200 102026.34 10.25 10.25 2869 306000 305187.05 8.1 8.1 2870 420000 420000 7.6 7.6 2871 105000 104869.67 11.7 11.7 2872 346750 345808.11 7.99 7.99 2873 81400 81253.85 9.99 9.99 2874 48000 47922.7 10.5 10.5 2875 323000 322217 8.55 8.55 2876 230400 229982.77 9.95 9.95 2877 120000 119665.59 8 8 2878 247000 246125.33 6.65 6.65 2879 192000 191389.45 7.2 7.2 2880 48000 47937.75 11.5 11.5 2881 118500 118255.02 9.8 9.8 2882 200000 199263.81 6.45 6.45 2883 146000 145860.21 11.55 11.55 2884 115000 114844.21 11.3 11.3 2885 292000 292000 7.375 7.375 2886 73000 72875.99 10.25 10.25 2887 68400 68258 9.3 9.3 2888 330000 330000 7.25 7.25 2889 580000 578557.59 8.425 8.425 2890 272000 271098.56 6.99 6.99 2891 392000 392000 7.35 7.35 2892 98000 97857.98 10.99 10.99 2893 144000 143608.84 7.99 7.99 2894 216000 216000 7.3 7.3 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11.7 11.7 2928 159800 159800 6.225 6.225 2929 342000 341800 6.99 6.99 2930 62050 61956.73 9.45 9.45 2931 140000 139580.49 7.5 7.5 2932 263000 263000 6.85 6.85 2933 355000 355000 6.05 6.05 2934 52400 52314.68 10.45 10.45 2935 100000 98610.17 8.6 8.6 2936 625500 623061.21 6.15 6.15 2937 63300 63218.82 10.2 10.2 2938 114750 114562.96 9.075 9.075 2939 128000 128000 6.725 6.725 2940 71400 71270.64 8.55 8.55 2941 99450 99302.08 9.5 9.5 2942 80000 79722.14 6.75 6.75 2943 63920 63787 7.875 7.875 2944 15980 15742.2 10 10 2945 370000 368897.25 6.25 6.25 2946 423200 423197.87 6.99 6.99 2947 161600 160825.32 6.25 6.25 2948 54000 53822.79 8.175 8.175 2949 104000 103726.48 8.15 8.15 2950 26000 25960.3 10.75 10.75 2951 109600 109278.05 7.6 7.6 2952 115000 114650.28 8.55 8.55 2953 267750 266441.71 6.15 6.15 2954 229500 228410.29 6.3 6.3 2955 405000 404994.8 9.525 9.525 2956 262500 261513.68 7.5 7.5 2957 141075 140646.8 7.45 7.45 2958 432000 432000 6.25 6.25 2959 77000 76885 10.85 10.85 2960 425600 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10.2 10.2 2994 172000 171586.95 7.15 7.15 2995 591600 590691.97 9.35 9.35 2996 264000 263550.39 8.85 8.85 2997 78500 78370.14 8.99 8.99 2998 325000 324139.2 6.65 6.65 2999 124080 123844.63 8.325 8.325 3000 91000 90899.07 10.875 10.875 3001 57400 57302.49 10.25 10.25 3002 389500 389500 9.4 9.4 3003 81600 81405.18 8.625 8.625 3004 187000 186269.66 6.75 6.75 3005 87500 87317.18 9.3 9.3 3006 149600 149095.39 6.9 6.9 3007 273000 272079.18 6.9 6.9 3008 299250 298454.99 8.1 8.1 3009 137000 136577.08 7.35 7.35 3010 374400 374400 6.5 6.5 3011 231300 230519.93 7.5 7.5 3012 47040 46971.82 10.99 10.99 3013 323000 323000 6.99 6.99 3014 562500 559767.19 7.05 7.05 3015 83250 83250 7.9 7.9 3016 495000 493330.39 6.9 6.9 3017 345600 345600 6.99 6.99 3018 152855 152566.25 9.75 9.75 3019 99000 98763.66 8.625 8.625 3020 332000 332000 7.725 7.725 3021 83000 82859.06 11.9 11.9 3022 123500 123133.61 7.55 7.55 3023 728000 726022.51 7.99 7.99 3024 182000 181783.82 11.9 11.9 3025 185340 184822.15 7.85 7.85 3026 46335 46273.51 11.9 11.9 3027 180800 180207.85 7.05 7.05 3028 45200 45130.25 10.7 10.7 3029 181800 181204.57 7.05 7.05 3030 339000 338193.92 7.2 7.2 3031 92000 90751.63 6.25 6.25 3032 60000 59892.27 9.99 9.99 3033 117000 116696.93 8.225 8.225 3034 94500 94219.62 7.55 7.55 3035 95000 94859.1 11.5 11.5 3036 208505 207712.84 6.75 6.75 3037 72000 71882.8 10.45 10.45 3038 209000 209000 7.225 7.225 3039 241500 240644.78 6.65 6.65 3040 79050 78900.67 9.75 9.75 3041 152000 151638.98 8.65 8.65 3042 70000 69932.97 11.55 11.55 3043 160000 159481.09 7.1 7.1 3044 422750 421908.31 9.5 9.5 3045 387000 387000 7.275 7.275 3046 175000 174701.98 8.85 8.85 3047 208000 207312.02 7 7 3048 167400 166964.57 6.82 6.82 3049 58500 58378.54 9.3 9.3 3050 266000 265218.65 7.6 7.6 3051 50000 49845.63 7.35 7.35 3052 50400 50343.35 12.15 12.15 3053 408000 408000 7.15 7.15 3054 102000 101867.72 11.5 11.5 3055 25000 24977.84 11.9 11.9 3056 55650 55564 10.75 10.75 3057 350000 349242.81 7.675 7.675 3058 149850 147605.88 8.075 8.075 3059 224000 224000 6.175 6.175 3060 56000 55886.14 9.4 9.4 3061 105950 105638.12 7.6 7.6 3062 166000 165517.25 7.65 7.65 3063 344000 343698.28 6.85 6.85 3064 158400 157952.98 7.8 7.8 3065 131750 131446.59 8.8 8.8 3066 464000 464000 7.1 7.1 3067 96805 96587.75 8.925 8.925 3068 116000 115791.69 9.99 9.99 3069 100000 99691.3 7.35 7.35 3070 260000 260000 6.55 6.55 3071 65000 64888.39 10.2 10.2 3072 70100 69849.43 7.75 7.75 3073 380000 380000 5.875 5.875 3074 156000 155530.01 9.15 9.15 3075 289000 288991.03 6.775 6.775 3076 21600 21449.38 10.5 10.5 3077 174400 174400 6.9 6.9 3078 239200 238231.15 5.95 5.95 3079 140800 140478.19 7.4 7.4 3080 32000 31957.07 9.99 9.99 3081 154000 153489.6 6.99 6.99 3082 280000 278822.2 5.75 5.75 3083 107920 107573.41 7.15 7.15 3084 26980 26940.86 10.99 10.99 3085 152000 151509.41 7.125 7.125 3086 196000 195537.61 7.25 7.25 3087 6910 6813.52 10.99 10.99 3088 19920 19738.4 10.99 10.99 3089 167500 167043.25 6.5 6.5 3090 59800 59665.1 8.9 8.9 3091 164000 163593.54 6.99 6.99 3092 184000 183498.27 6.5 6.5 3093 7900 7503.9 11.75 11.75 3094 148000 147726.31 8.45 8.45 3095 243000 242700.92 8.4 8.4 3096 183920 183423.31 6.55 6.55 3097 5650 5576.65 12.25 12.25 3098 42800 42742.58 9.99 9.99 3099 7325 7229.89 12.25 12.25 3100 73000 72916.78 10.75 10.75 3101 47280 47204.22 10.52 10.52 3102 76000 75831.42 7.55 7.55 3103 440000 438834.61 6.65 6.65 3104 12250 11783.45 10.99 10.99 3105 12800 12640.93 13 13 3106 100000 99796.94 7.99 7.99 3107 120800 120504.11 7.05 7.05 3108 244000 243360 6.7 6.7 3109 189120 188488.29 6.95 6.95 3110 18000 17871.56 10.25 10.25 3111 30200 30167.3 10.99 10.99 3112 292000 291248.88 6.8 6.8 3113 99200 98957.02 7.05 7.05 3114 58000 57926.41 10.25 10.25 3115 113600 113360.3 7.8 7.8 3116 131800 131489.68 7.25 7.25 3117 152333 152194.94 11.8 11.8 3118 19580 19443.82 10.53 10.53 3119 25600 25569.52 10.55 10.55 3120 104000 104000 6.1 6.1 3121 78320 78110.53 6.6 6.6 3122 26000 25956.97 8.99 8.99 3123 15500 15361.73 11 11 3124 156000 155664.2 7.7 7.7 3125 168346 168346 8.7 8.7 3126 43867 43803.4 10.99 10.99 3127 27825 27794.88 10.99 10.99 3128 89000 88880.36 9.98 9.98 3129 158400 157963.86 6.45 6.45 3130 82675 82552.02 9.5 9.5 3131 308000 307999.87 6.99 6.99 3132 156000 155614.11 7 7 3133 212000 211569.52 7.99 7.99 3134 175469 174894.28 7.05 7.05 3135 300000 300000 7.9 7.9 3136 18705 18445.88 11.125 11.125 3137 75000 74873.58 8.9 8.9 3138 103900 103682.98 7.85 7.85 3139 10800 10657.65 11.99 11.99 3140 9750 9615.9 11.25 11.25 3141 176000 175476.73 6.05 6.05 3142 26250 26228.45 12.25 12.25 3143 111360 111023.29 7.455 7.455 3144 33000 32941.92 8.69 8.69 3145 6887 6790.85 10.99 10.99 3146 39000 38940.74 9.4 9.4 3147 21800 21642.62 10.12 10.12 3148 30600 30566.88 10.99 10.99 3149 276000 275774.64 8.2 8.2 3150 65750 65633.68 8.69 8.69 3151 440000 439106.58 7.99 7.99 3152 166500 166148.7 7.8 7.8 3153 31256 31209.5 9.5 9.5 3154 156000 155650.49 7.5 7.5 3155 56000 55907.54 9 9 3156 122400 122125.2 7.49 7.49 3157 319052 317861.64 6.38 6.38 3158 148800 148800 6.25 6.25 3159 242400 241834.89 7.3 7.3 3160 176000 175564.66 7 7 3161 164800 164388.33 6.95 6.95 3162 46000 45950.2 10.99 10.99 3163 190000 190000 7.15 7.15 3164 60000 59936.6 11.1 11.1 3165 75040 74881.66 7.8 7.8 3166 18760 18629.17 10.5 10.5 3167 11543 11458.73 10 10 3168 127920 127618.19 7.24 7.24 3169 59600 59501.38 8.99 8.99 3170 11150 11079.1 11.5 11.5 3171 85000 84885.23 9.975 9.975 3172 34000 33842.79 8.975 8.975 3173 11700 11585.66 10 10 3174 17000 16890.66 11.375 11.375 3175 250400 249826.57 7.39 7.39 3176 128000 127689.53 7.1 7.1 3177 136000 136000 6.95 6.95 3178 8550 8432.4 11.25 11.25 3179 37200 37149.96 9.975 9.975 3180 37200 37126.49 8.125 8.125 3181 332000 331353.96 8.2 8.2 3182 26000 25974.26 11.4 11.4 3183 62600 62499.28 9.125 9.125 3184 161000 160038.92 6.75 6.75 3185 206000 205464.89 6.75 6.75 3186 32000 31947.05 8.99 8.99 3187 119200 119200 7.15 7.15 3188 99012 98678 6.9 6.9 3189 142400 142015.43 6.55 6.55 3190 109600 109366.51 7.79 7.79 3191 223200 223200 6.99 6.99 3192 125220 125002.27 8.75 8.75 3193 60600 60534.54 10.999 10.999 3194 132000 131788.76 9.15 9.15 3195 25000 24965.64 9.875 9.875 3196 237229 236606.76 6.7 6.7 3197 59307 59230.52 10.175 10.175 3198 130000 129670.38 9.25 9.25 3199 15800 15684.56 9.99 9.99 3200 6900 6811.72 12.5 12.5 3201 5650 5576.53 12.25 12.25 3202 325000 324593.8 6.7 6.7 3203 29800 29767.75 10.99 10.99 3204 228000 228000 6.75 6.75 3205 51500 51433.95 10.2 10.2 3206 188000 187570.32 7.4 7.4 3207 164000 163435.91 6.8 6.8 3208 107200 106954.98 7.4 7.4 3209 37000 36950.38 9.99 9.99 3210 189600 189600 6.5 6.5 3211 48010 47934.75 9.25 9.25 3212 7600 7487.68 9.99 9.99 3213 234400 233874.85 7.5 7.5 3214 56000 55932.64 10.5 10.5 3215 47400 47329.49 9.5 9.5 3216 26800 26764.12 10 10 3217 36800 36762.36 11.25 11.25 3218 399600 398782.03 7.95 7.95 3219 57000 56917.41 9.625 9.625 3220 9500 9378.44 12.5 12.5 3221 261250 260564.05 7.75 7.75 3222 41000 40918.32 9.5 9.5 3223 31793 31756.74 10.75 10.75 3224 131200 131199.8 7.3 7.3 3225 10150 10016.21 11.99 11.99 3226 34400 34364.03 11.15 11.15 3227 214400 213843.08 6.75 6.75 3228 116000 115683.69 6.5 6.5 3229 35100 35033.19 8.99 8.99 3230 35580 35536.27 10.4 10.4 3231 5250 5176.71 10.99 10.99 3232 148000 148000 6.99 6.99 3233 37000 36950.73 10.025 10.025 3234 39500 39447.02 9.99 9.99 3235 124000 123743.59 7.9 7.9 3236 137600 137334.69 8.25 8.25 3237 78000 77859.94 9.99 9.99 3238 60000 59913.51 9.65 9.65 3239 192000 192000 5.85 5.85 3240 137600 137600 6.7 6.7 3241 208000 207615.37 8.45 8.45 3242 53600 53528.09 9.99 9.99 3243 217600 217600 7.5 7.5 3244 44400 44340.44 9.99 9.99 3245 201000 200600.04 8.09 8.09 3246 29000 28944.85 9.28 9.28 3247 32800 32748.42 9.25 9.25 3248 45980 45927.49 10.74 10.74 3249 83600 83399.21 7.15 7.15 3250 33400 33346.25 9.125 9.125 3251 131000 130621.52 6.2 6.2 3252 27350 27302.43 8.75 8.75 3253 126320 126050.78 7.75 7.75 3254 13000 12913.62 11.025 11.025 3255 112000 111768.39 7.9 7.9 3256 80000 78891.99 7.99 7.99 3257 82800 82610.73 7.4 7.4 3258 204000 204000 6.1 6.1 3259 100800 100800 7.05 7.05 3260 223200 222658.67 7.1 7.1 3261 30300 30259.44 10 10 3262 50000 49905.63 8.35 8.35 3263 20700 20554.32 10.4 10.4 3264 78750 78608.25 8.64 8.64 3265 210000 209426.7 6.5 6.5 3266 479000 477799.99 6.937 6.937 3267 100000 99773.7 7.45 7.45 3268 293400 293400 7.1 7.1 3269 425000 424531.12 10.9 10.9 3270 162000 161553.16 6.875 6.875 3271 7000 6910.42 12.5 12.5 3272 198000 197626.28 8.35 8.35 3273 82000 81890.01 9.99 9.99 3274 92000 90509.66 6.15 6.15 3275 25200 25160.49 9.25 9.25 3276 28000 27969.94 11.025 11.025 3277 729600 727704.84 6.75 6.75 3278 51000 50931.6 9.99 9.99 3279 164498 164190.04 8.39 8.39 3280 126400 126400 6.99 6.99 3281 228000 228000 7.7 7.7 3282 324000 323274.1 7.5 7.5 3283 23000 22847.25 11.03 11.03 3284 143200 142809.51 6.5 6.5 3285 62400 62264.57 8.49 8.49 3286 79800 79673.61 9.2 9.2 3287 28900 28857.01 9.5 9.5 3288 35800 35751.58 9.95 9.95 3289 133600 133291.6 7.35 7.35 3290 91000 90890.3 10.49 10.49 3291 57000 56910.65 9.25 9.25 3292 23500 23354.05 11.75 11.75 3293 35380 35340.1 10.8 10.8 3294 151600 151307.97 8.25 8.25 3295 40800 40748.23 10.25 10.25 3296 855000 852677.51 7.99 7.99 3297 180800 180088.31 6.1 6.1 3298 45200 45111.87 9.6 9.6 3299 275000 274999.54 6.35 6.35 3300 208000 207212.95 7.65 7.65 3301 308000 308000 7.5 7.5 3302 77000 76898.04 10.05 10.05 3303 600000 598363.94 6.5 6.5 3304 150000 149759.95 9.15 9.15 3305 370000 368268.22 6.375 6.375 3306 260000 259047.07 7.625 7.625 3307 142200 141403.02 6.4 6.4 3308 315000 312766.56 5.15 5.15 3309 170000 168863.7 6.99 6.99 3310 77850 77518.29 7.8 7.8 3311 270400 270400 6.25 6.25 3312 67600 67362.35 8.75 8.75 3313 552000 552000 7.625 7.625 3314 13875 13782.8 11.025 11.025 3315 105600 105600 6.45 6.45 3316 262500 262320.18 8.8 8.8 3317 43000 42959.67 11.625 11.625 3318 21500 21372.62 12.25 12.25 3319 162000 161614.77 7.2 7.2 3320 120800 120399.18 6.99 6.99 3321 100000 99735.93 7.35 7.35 3322 176000 175560.37 6.95 6.95 3323 460000 460000 6.05 6.05 3324 208000 207421.74 6.4 6.4 3325 127500 127289.03 8.99 8.99 3326 136000 135817.59 9.99 9.99 3327 71000 70904.76 9.99 9.99 3328 74000 73887.58 9.4 9.4 3329 114000 113839.13 9.75 9.75 3330 183920 183512.03 7.55 7.55 3331 42948 42899.03 10.75 10.75 3332 9250 9127.73 11.99 11.99 3333 215000 214546.37 7.8 7.8 3334 89000 88890.72 11.75 11.75 3335 240000 240000 7.35 7.35 3336 362927 362927 7.05 7.05 3337 440000 438764.97 6.35 6.35 3338 444000 444000 6.2 6.2 3339 700000 698431.71 7.5 7.5 3340 120000 119867.6 10.9 10.9 3341 248000 248000 7.45 7.45 3342 88000 87866.34 9.4 9.4 3343 166000 165777.36 9.99 9.99 3344 62800 62690.81 8.75 8.75 3345 158000 157760.01 9.4 9.4 3346 404000 402679.73 5.55 5.55 3347 320000 319127.43 6.5 6.5 3348 35600 35557.06 10.49 10.49 3349 575200 574510.44 6.85 6.85 3350 161000 160585.86 6.8 6.8 3351 168750 168621.87 8.45 8.45 3352 53800 53746.45 11.375 11.375 3353 410000 409072.24 7.45 7.45 3354 19600 19474.73 11.4 11.4 3355 161000 160747.66 9.25 9.25 3356 656000 654122.93 6.25 6.25 3357 112000 111691.63 6.45 6.45 3358 163800 163593.79 10.4 10.4 3359 56000 55627.96 11.025 11.025 3360 105600 105346.41 7.15 7.15 3361 200000 199669.1 8.99 8.99 3362 70000 69892.54 9.35 9.35 3363 150000 149718.71 8.45 8.45 3364 191250 190889.03 8.35 8.35 3365 54600 54537.74 10.75 10.75 3366 332000 331154.29 6.85 6.85 3367 102000 101813.28 8.5 8.5 3368 231000 230433.95 7.75 7.75 3369 308000 308000 6.4 6.4 3370 110000 109779.34 8.05 8.05 3371 196000 195417.28 6.05 6.05 3372 75000 74947.86 8.75 8.75 3373 165000 164672.33 8.1 8.1 3374 108000 107862.96 10.25 10.25 3375 172250 171852.38 7.35 7.35 3376 62500 62408.68 9.65 9.65 3377 104000 103874.92 10.5 10.5 3378 137180 137180 7.65 7.65 3379 412000 410792.53 6.125 6.125 3380 446500 446007.83 7.15 7.15 3381 49000 48944.45 10.775 10.775 3382 285000 284999.51 5.99 5.99 3383 583920 583920 5.95 5.95 3384 225000 224520.5 7.75 7.75 3385 360000 358909.12 5.95 5.95 3386 34295 34253.75 10.5 10.5 3387 204000 203427.38 6.35 6.35 3388 161600 161245.1 7.6 7.6 3389 37000 36952.54 11.55 11.55 3390 115200 115003.8 8.85 8.85 3391 405000 404958.13 6.99 6.99 3392 217000 216208.91 6.5 6.5 3393 196000 195601.21 7.98 7.98 3394 108500 108266.45 7.7 7.7 3395 265000 263880.9 6.125 6.125 3396 91000 90859.61 10.7 10.7 3397 94600 94375.71 9.75 9.75 3398 279000 278002.37 6.6 6.6 3399 450000 448897.92 8.5 8.5 3400 247950 247950 7.125 7.125 3401 460000 460000 6.5 6.5 3402 95000 94803.56 7.9 7.9 3403 576000 576000 6.775 6.775 3404 300000 299036.56 7.15 7.15 3405 300000 299426.74 9.7 9.7 3406 136000 135580.16 7.35 7.35 3407 159200 158880.64 8.05 8.05 3408 136000 135740.69 8.3 8.3 3409 61200 61045.48 8.35 8.35 3410 211200 211200 7.775 7.775 3411 252000 251566.37 8.8 8.8 3412 680000 677509.03 6.475 6.475 3413 230400 229818.2 8.35 8.35 3414 109700 109604.7 11.99 11.99 3415 293250 293250 6.99 6.99 3416 200000 199590.62 7.95 7.95 3417 66000 65912.53 11.4 11.4 3418 157250 156973.75 8.7 8.7 3419 127000 126558.04 6.74 6.74 3420 94410 94230 8.3 8.3 3421 156750 156316.41 7.9 7.9 3422 105000 104883.27 12.2 12.2 3423 344000 343198.06 7.3 7.3 3424 105000 104906.93 11.9 11.9 3425 174200 174053.92 12.15 12.15 3426 79000 78894.05 9.99 9.99 3427 190500 189792 6.4 6.4 3428 54200 54149.23 11.65 11.65 3429 477000 476297.96 9.55 9.55 3430 440000 439062.34 7.75 7.75 3431 367200 366521.18 8.6 8.6 3432 83000 82920.54 11.55 11.55 3433 155000 154664.13 9.15 9.15 3434 175000 174998.02 6.775 6.775 3435 139100 138842.06 8.45 8.45 3436 110000 109708.48 6.99 6.99 3437 161000 160581.66 7 7 3438 90865 90714.99 9 9 3439 123000 122813.18 9.4 9.4 3440 172000 171618.49 7.55 7.55 3441 43000 42960.59 11.75 11.75 3442 95750 95625.89 10.15 10.15 3443 252000 251441.02 7.55 7.55 3444 318750 317992.22 7.9 7.9 3445 170000 169540.93 6.55 6.55 3446 70000 69930.73 11.4 11.4 3447 318750 318028.74 7.45 7.45 3448 352750 352056.57 8.15 8.15 3449 137000 136657.79 6.95 6.95 3450 59400 58846.58 7.25 7.25 3451 348800 348086.03 7.95 7.95 3452 250000 250000 6.55 6.55 3453 72000 71908.65 10.25 10.25 3454 185600 185204.48 7.75 7.75 3455 65000 64848.47 7.3 7.3 3456 200000 200000 6.8 6.8 3457 267900 267176.54 6.55 6.55 3458 432000 431079.38 7.75 7.75 3459 131000 130688.51 7.2 7.2 3460 153000 152752.58 9.1 9.1 3461 316800 316254.85 8.8 8.8 3462 459000 458317.31 9.5 9.5 3463 170000 169570.47 6.9 6.9 3464 121410 121217.73 9.2 9.2 3465 200000 199586.47 7.9 7.9 3466 134800 134114.37 6.8 6.8 3467 212000 211582.5 7.1 7.1 3468 266250 266250 6.675 6.675 3469 224000 223503.13 7.55 7.55 3470 169000 168565.3 6.8 6.8 3471 295200 295200 6.775 6.775 3472 519650 519650 7.675 7.675 3473 410000 408826.84 6.25 6.25 3474 71100 70983.43 9.1 9.1 3475 170000 169654.84 7.99 7.99 3476 378750 377875.75 7.35 7.35 3477 115800 115692.73 11.7 11.7 3478 184500 184500 9.1 9.1 3479 139900 139553.44 7.5 7.5 3480 148500 148186.7 7.8 7.8 3481 468000 468000 7.5 7.5 3482 183000 182606.65 7.775 7.775 3483 150120 149919.11 10 10 3484 172550 172166.94 7.79 7.79 3485 800000 798490.14 8.35 8.35 3486 600000 600000 6.78 6.78 3487 58500 58383.83 8.1 8.1 3488 49500 49461.17 12.45 12.45 3489 290000 289424.12 8.1 8.1 3490 189000 188558.49 7.55 7.55 3491 175000 174506.35 7.35 7.35 3492 54000 53929.26 10.1 10.1 3493 144500 144047.87 8.775 8.775 3494 87980 87846.38 9.4 9.4 3495 67392 67310.96 10.5 10.5 3496 249900 249900 7.925 7.925 3497 111000 110876.88 10.875 10.875 3498 158400 158121.75 8.7 8.7 3499 271960 271371.64 7.675 7.675 3500 148500 148261.37 9.125 9.125 3501 122100 121878.24 11.4 11.4 3502 460000 460000 6.975 6.975 3503 376000 375229.71 8 8 3504 440910 440234.26 7.4 7.4 3505 585000 583895.89 8.35 8.35 3506 268000 267335.79 6.99 6.99 3507 54200 54141.79 11.025 11.025 3508 173500 173228.05 9.25 9.25 3509 195000 194721.92 9.7 9.7 3510 74400 74294.99 9.75 9.75 3511 48000 47935.74 10 10 3512 102000 101903.94 11.625 11.625 3513 108000 107784.63 8.25 8.25 3514 368000 367045.47 7.9 7.9 3515 100000 99792.18 7.875 7.875 3516 750000 750000 7.875 7.875 3517 265000 264406.29 7.5 7.5 3518 508000 508000 7.85 7.85 3519 178164 177801.77 9.4 9.4 3520 244000 243495.46 7.9 7.9 3521 114000 113771.18 9.125 9.125 3522 252000 251596.71 9.15 9.15 3523 356000 355307.26 8.2 8.2 3524 332500 332498.08 6.5 6.5 3525 535920 534707.32 7.45 7.45 3526 11940 11852.06 9.9 9.9 3527 128000 127707.45 7.4 7.4 3528 29000 28629.58 12.5 12.5 3529 142400 142064.72 7.25 7.25 3530 59000 58897.94 8.775 8.775 3531 208000 207500.49 7.15 7.15 3532 740000 740000 6.8 6.8 3533 34000 33964.27 11.125 11.125 3534 11600 11519.29 10.525 10.525 3535 55600 55517.13 9.49 9.49 3536 340000 338999.96 6.2 6.2 3537 264000 263293.95 6.6 6.6 3538 220000 219576.22 8.25 8.25 3539 296000 295223.59 6.7 6.7 3540 208000 207312.02 7 7 3541 41000 40944.99 9.99 9.99 3542 745655 743881.94 7.2 7.2 3543 165000 164678.91 8.2 8.2 3544 439200 439200 5.8 5.8 3545 57000 56943.28 11.375 11.375 3546 90731 90585.04 9.125 9.125 3547 292800 292096.83 7.15 7.15 3548 552000 552000 6.5 6.5 3549 261500 261500 6.65 6.65 3550 720800 720800 6.9 6.9 3551 333000 332215.97 7.25 7.25 3552 73200 73120.8 10.99 10.99 3553 180200 180021.71 11.4 11.4 3554 32400 32346.38 8.99 8.99 3555 68000 67928.94 11.15 11.15 3556 288000 287386.25 7.75 7.75 3557 240000 239512.66 7.99 7.99 3558 85000 84903.55 10.77 10.77 3559 127000 126848.07 10.525 10.525 3560 111000 110827.1 9.28 9.28 3561 128000 127763.3 8.45 8.45 3562 372000 371183.05 7.6 7.6 3563 25500 25457.8 8.99 8.99 3564 143000 142874.62 11.95 11.95 3565 373000 372164.31 7.5 7.5 3566 733600 731956.45 7.5 7.5 3567 139000 138707.6 7.89 7.89 3568 80600 80466.64 8.99 8.99 3569 56398 56344.89 11.625 11.625 3570 106360 106034.88 7.4 7.4 3571 62000 61900.76 9.15 9.15 3572 212800 212293.96 7.2 7.2 3573 242170 241769.32 8.99 8.99 3574 182250 182025.36 6.75 6.75 3575 148000 147644.56 7.15 7.15 3576 55000 54926 9.975 9.975 3577 98000 97854.23 9.5 9.5 3578 410000 410000 6.1 6.1 3579 91400 91257.93 9.29 9.29 3580 149600 149600 6.95 6.95 3581 28800 28684.89 9.975 9.975 3582 231812 231812 6.15 6.15 3583 607200 607200 6.25 6.25 3584 238850 233745.35 6.125 6.125 3585 212000 211035.97 6.525 6.525 3586 102000 101745.14 9.5 9.5 3587 597550 594370.85 5.7 5.7 3588 352000 350677.37 7.5 7.5 3589 850000 850000.01 7.125 7.125 3590 110000 109662.07 7.375 7.375 3591 184000 183535.86 6.9 6.9 3592 21500 21370.28 11.99 11.99 3593 264000 263366 7.15 7.15 3594 426000 426000 5.8 5.8 3595 13750 13565.7 11.7 11.7 3596 130000 129739.21 8.05 8.05 3597 750000 750000 6.95 6.95 3598 65800 65702.11 9.5 9.5 3599 360000 355162.1 6.75 6.75 3600 312000 310031.42 6.6 6.6 3601 172500 171942.42 8.25 8.25 3602 42860 42796.22 9.5 9.5 3603 280000 278969.33 6.45 6.45 3604 333063 333063 5.9 5.9 3605 186000 185553.32 7.15 7.15 3606 81500 81350.81 8.5 8.5 3607 70000 69856.75 9.37 9.37 3608 388000 386741.6 7.1 7.1 3609 80000 79855.06 8.55 8.55 3610 213750 213475.87 10.2 10.2 3611 174966 174966 5.99 5.99 3612 43741 43668.61 8.99 8.99 3613 168000 166260.97 6.95 6.95 3614 137120 137120 7.6 7.6 3615 200800 200800 7.6 7.6 3616 190000 189413.43 7.35 7.35 3617 37650 37500.48 10.025 10.025 3618 215000 214336.01 5.85 5.85 3619 160000 159576.22 6.65 6.65 3620 280000 279314.2 7.05 7.05 3621 148000 147600.3 6.55 6.55 3622 77600 77512.01 10.775 10.775 3623 282850 282048.38 6.3 6.3 3624 12300 12110.51 9.25 9.25 3625 52000 51944.14 11.025 11.025 3626 63750 63634.03 8.53 8.53 3627 441750 441750 6.99 6.99 3628 70000 69906.29 10 10 3629 126000 125626.76 6.45 6.45 3630 141599 141311.47 7.99 7.99 3631 100000 99805.39 8.2 8.2 3632 84000 83858.4 8.9 8.9 3633 294400 294400 7.4 7.4 3634 138805 138472.41 9.7 9.7 3635 750000 748477.12 7.99 7.99 3636 159432 159152.33 5.45 5.45 3637 377000 375866.26 5.99 5.99 3638 31000 30952.9 9.4 9.4 3639 45980 45921.94 10.275 10.275 3640 55650 55557.9 8.99 8.99 3641 155000 154573.23 6.45 6.45 3642 522000 520516.68 7.9 7.9 3643 241600 240744.43 6.65 6.65 3644 199200 199200 6.45 6.45 3645 386000 384665.9 5.25 5.25 3646 69600 69484.84 8.99 8.99 3647 551250 550014.99 7.5 7.5 3648 104000 103787.09 7.95 7.95 3649 55000 54926.24 9.99 9.99 3650 26000 25970.51 10.775 10.775 3651 85000 84502.68 6.99 6.99 3652 242772 241505.53 8.375 8.375 Loan Number Servicing Master Servicing Fee LPMI Net Rate Original Payment ----------- --------- -------------------- ---- -------- ---------------- 1 0.5 0 0 8.9 912.76 2 0.5 0 0 8.22 778.29 3 0.5 0 0 6.85 1499.21 4 0.5 0 0 8.49 931.89 5 0.5 0 0 8.5 1279.36 6 0.5 0 0 5.75 2555.23 7 0.5 0 0 6.25 1922.44 8 0.5 0 0 8.375 1018.43 9 0.5 0 0 8.025 685.91 10 0.5 0 0 8.3 790.27 11 0.5 0 0 8.375 863.27 12 0.5 0 0 5.5 2078.94 13 0.5 0 0 6.125 1479.58 14 0.5 0 0 10.25 625.43 15 0.5 0 0 7.85 985.8 16 0.5 0 0 8.45 762.58 17 0.5 0 0 8.5 394.67 18 0.5 0 0 5.75 991.3 19 0.5 0 0 6.25 2279.82 20 0.5 0 0 6.1 742.5 21 0.5 0 0 7.7 554.09 22 0.5 0 0 7.475 734.36 23 0.5 0 0 8 837.35 24 0.5 0 0 8.45 3148.16 25 0.5 0 0 10.49 784.09 26 0.5 0 0 6 3250 27 0.5 0 0 5.925 995.88 28 0.5 0 0 6.4 1229.06 29 0.5 0 0 5.25 2510.83 30 0.5 0 0 6.2 944.69 31 0.5 0 0 10 334.79 32 0.5 0 0 4.8 2583.75 33 0.5 0 0 9 1002.72 34 0.5 0 0 6 1386.67 35 0.5 0 0 11 633.79 36 0.5 0 0 5.7 1420.8 37 0.5 0 0 7 2340 38 0.5 0 0 6.45 477.81 39 0.5 0 0 9.25 833.38 40 0.5 0 0 6.675 1674.17 41 0.5 0 0 6 2816.67 42 0.5 0 0 10.5 279.03 43 0.5 0 0 5.49 1691.59 44 0.5 0 0 7.2 4106.65 45 0.5 0 0 6.9 879.32 46 0.5 0 0 5.325 1490.81 47 0.5 0 0 5.85 1296.74 48 0.5 0 0 5.85 1494.92 49 0.5 0 0 5.85 1246.17 50 0.5 0 0 6.49 875.65 51 0.5 0 0 6.675 2528.96 52 0.5 0 0 6.8 891.24 53 0.5 0 0 5.5 1591.81 54 0.5 0 0 5.6 1708.91 55 0.5 0 0 7.975 2224.71 56 0.5 0 0 5.25 3162.5 57 0.5 0 0 6.525 847.68 58 0.5 0 0 5.25 2347.92 59 0.5 0 0 5 3105.67 60 0.5 0 0 5.25 2357.5 61 0.5 0 0 6.49 1284.41 62 0.5 0 0 7.5 469.61 63 0.5 0 0 7.35 542.5 64 0.5 0 0 5.75 1208.33 65 0.5 0 0 5.2 1717.99 66 0.5 0 0 6.075 1753.11 67 0.5 0 0 6.49 671.04 68 0.5 0 0 4.625 611.58 69 0.5 0 0 6.5 3160.19 70 0.5 0 0 11.45 518.53 71 0.5 0 0 6.3 888.25 72 0.5 0 0 9.625 512.58 73 0.5 0 0 5.3 1367.72 74 0.5 0 0 5.875 2592.5 75 0.5 0 0 10.75 1184.94 76 0.5 0 0 5.5 2608.04 77 0.5 0 0 6.5 729.17 78 0.5 0 0 7 1118.74 79 0.5 0 0 5.75 720.39 80 0.5 0 0 6.85 1799.94 81 0.5 0 0 7 1433.39 82 0.5 0 0 6.49 1561.1 83 0.5 0 0 6 1538.33 84 0.5 0 0 10.49 675.61 85 0.5 0 0 6.175 2013.63 86 0.5 0 0 7.4 974.65 87 0.5 0 0 5.9 2112 88 0.5 0 0 6 1343.33 89 0.5 0 0 5.75 1259.55 90 0.5 0 0 6.175 1188.15 91 0.5 0 0 10.5 508.54 92 0.5 0 0 10.99 662.98 93 0.5 0 0 5.425 2257.43 94 0.5 0 0 8.75 1542.52 95 0.5 0 0 5.75 2955.44 96 0.5 0 0 11 722.91 97 0.5 0 0 10 823.27 98 0.5 0 0 7.49 889.03 99 0.5 0 0 5.49 1060.73 100 0.5 0 0 7.4 2325.78 101 0.5 0 0 6 1625 102 0.5 0 0 8.025 1233.1 103 0.5 0 0 7.5 623.7 104 0.5 0 0 8.2 1170 105 0.5 0 0 6.3 440.7 106 0.5 0 0 5.8 866.56 107 0.5 0 0 6.125 1987.5 108 0.5 0 0 9 630.64 109 0.5 0 0 5.85 970.69 110 0.5 0 0 6.49 1353.73 111 0.5 0 0 10.375 547.82 112 0.5 0 0 5.575 1450.51 113 0.5 0 0 5.85 1111.25 114 0.5 0 0 10.25 736.05 115 0.5 0 0 7.25 673.43 116 0.5 0 0 5.75 441.78 117 0.5 0 0 7.3 777.46 118 0.5 0 0 7.675 3431.6 119 0.5 0 0 5.95 1408.47 120 0.5 0 0 7.5 917.21 121 0.5 0 0 6.4 1396.24 122 0.5 0 0 6.5 578.81 123 0.5 0 0 6.875 1270.84 124 0.5 0 0 7.49 4669.64 125 0.5 0 0 6.84 2037.34 126 0.5 0 0 7.5 785.13 127 0.5 0 0 7.1 1744 128 0.5 0 0 10 600.07 129 0.5 0 0 6.625 489.84 130 0.5 0 0 11.375 280.23 131 0.5 0 0 5.95 3676.5 132 0.5 0 0 7.19 1538.51 133 0.5 0 0 6 1039.76 134 0.5 0 0 7.625 1596.37 135 0.5 0 0 6.6 806.44 136 0.5 0 0 7.05 1791.74 137 0.5 0 0 10.875 946.05 138 0.5 0 0 9.75 645.2 139 0.5 0 0 9.475 875.73 140 0.5 0 0 9.75 385.33 141 0.5 0 0 7.05 584.6 142 0.5 0 0 10.95 743.8 143 0.5 0 0 8.9 475.13 144 0.5 0 0 5.875 1190 145 0.5 0 0 8.35 349.3 146 0.5 0 0 7.525 2317.22 147 0.5 0 0 7.375 939.69 148 0.5 0 0 8.45 2038.21 149 0.5 0 0 6.49 2140.11 150 0.5 0 0 7.625 680.87 151 0.5 0 0 6.875 4144.05 152 0.5 0 0 6.875 973.85 153 0.5 0 0 6.9 4625 154 0.5 0 0 9.99 722.06 155 0.5 0 0 8.13 382.85 156 0.5 0 0 8.9 537.91 157 0.5 0 0 6.1 825 158 0.5 0 0 6.75 1909.17 159 0.5 0 0 7.45 1809.28 160 0.5 0 0 6.95 1369.33 161 0.5 0 0 10.5 375.22 162 0.5 0 0 6.45 1654.87 163 0.5 0 0 5.95 729.39 164 0.5 0 0 10.49 352.09 165 0.5 0 0 6.7 1632 166 0.5 0 0 6.25 1141.54 167 0.5 0 0 10.4 273.99 168 0.5 0 0 9.725 1001.56 169 0.5 0 0 7.05 1630.13 170 0.5 0 0 7.2 844.15 171 0.5 0 0 8 776.61 172 0.5 0 0 7.1 1412.15 173 0.5 0 0 6.85 624.75 174 0.5 0 0 6.7 3561.67 175 0.5 0 0 7.35 1070.54 176 0.5 0 0 6.2 483.96 177 0.5 0 0 8.15 2650.54 178 0.5 0 0 5.85 2688.17 179 0.5 0 0 5.1 1411 180 0.5 0 0 5.8 1138.91 181 0.5 0 0 4.7 878.58 182 0.5 0 0 6.45 2387.2 183 0.5 0 0 6.85 953.54 184 0.5 0 0 5.7 1760.8 185 0.5 0 0 11.49 274.66 186 0.5 0 0 8.49 278.16 187 0.5 0 0 7.25 4288.33 188 0.5 0 0 4.95 1197.08 189 0.5 0 0 7.9 427.4 190 0.5 0 0 10.4 1482.36 191 0.5 0 0 11.49 82.4 192 0.5 0 0 10.49 1784.19 193 0.5 0 0 9 501.15 194 0.5 0 0 6.49 1188.3 195 0.5 0 0 8.65 497.42 196 0.5 0 0 8.9 336.35 197 0.5 0 0 6.45 1853.46 198 0.5 0 0 9 428.84 199 0.5 0 0 6.49 2126.82 200 0.5 0 0 10.49 666.1 201 0.5 0 0 9.99 402.16 202 0.5 0 0 7.55 5529.4 203 0.5 0 0 6.4 3055.91 204 0.5 0 0 7 1048.83 205 0.5 0 0 8.099 869.06 206 0.5 0 0 6.85 2135.82 207 0.5 0 0 5.8 2604 208 0.5 0 0 9.75 663.12 209 0.5 0 0 8.5 400.71 210 0.5 0 0 9.025 1044.93 211 0.5 0 0 8.25 1101.39 212 0.5 0 0 6.74 745.72 213 0.5 0 0 8.9 710.2 214 0.5 0 0 6.8 863.82 215 0.5 0 0 6.2 1299.35 216 0.5 0 0 8.49 628.62 217 0.5 0 0 10.275 289.03 218 0.5 0 0 7.49 1407.49 219 0.5 0 0 12.25 132.99 220 0.5 0 0 9.49 403.35 221 0.5 0 0 10.9 185.9 222 0.5 0 0 10.9 599.43 223 0.5 0 0 8.49 467.72 224 0.5 0 0 5.6 762.5 225 0.5 0 0 8.7 425.91 226 0.5 0 0 6.89 874.31 227 0.5 0 0 9.49 854.04 228 0.5 0 0 6.49 2292.98 229 0.5 0 0 10.75 611.71 230 0.5 0 0 6.25 1406.25 231 0.5 0 0 10.625 442.42 232 0.5 0 0 5.95 2691.2 233 0.5 0 0 9.25 687.33 234 0.5 0 0 9 882.9 235 0.5 0 0 5.55 2319.17 236 0.5 0 0 7.9 5250 237 0.5 0 0 11.49 1927.21 238 0.5 0 0 10.25 2287.03 239 0.5 0 0 5.75 1562.5 240 0.5 0 0 7.4 1726.89 241 0.5 0 0 5.8 1428 242 0.5 0 0 6.35 1225.34 243 0.5 0 0 6.4 2049.9 244 0.5 0 0 7.35 6871.69 245 0.5 0 0 10 731.8 246 0.5 0 0 5.49 2575.31 247 0.5 0 0 11.25 168.31 248 0.5 0 0 6.25 732.92 249 0.5 0 0 10.875 255.26 250 0.5 0 0 11.375 1226.88 251 0.5 0 0 5.1 2426.67 252 0.5 0 0 9.49 854.04 253 0.5 0 0 6.05 2064.61 254 0.5 0 0 6.3 573.7 255 0.5 0 0 8.775 618.37 256 0.5 0 0 6.45 1159.74 257 0.5 0 0 7.99 825.83 258 0.5 0 0 9.25 580.71 259 0.5 0 0 7 1684.67 260 0.5 0 0 7.7 1314.18 261 0.5 0 0 8.9 365.11 262 0.5 0 0 8.875 665.4 263 0.5 0 0 8.875 565.59 264 0.5 0 0 6.45 794.34 265 0.5 0 0 9.025 396.06 266 0.5 0 0 7 1248.8 267 0.5 0 0 8.1 2030.05 268 0.5 0 0 6.45 1088.83 269 0.5 0 0 8.65 1325.09 270 0.5 0 0 7.7 2093.72 271 0.5 0 0 9.25 549.86 272 0.5 0 0 8.4 510.37 273 0.5 0 0 7.14 1451.68 274 0.5 0 0 10.025 394.15 275 0.5 0 0 5.25 4271.76 276 0.5 0 0 10.05 774.28 277 0.5 0 0 10.025 274.99 278 0.5 0 0 9.25 1017.24 279 0.5 0 0 6.35 1205.68 280 0.5 0 0 11.49 78.88 281 0.5 0 0 8.4 666.66 282 0.5 0 0 9.49 719.01 283 0.5 0 0 7 710.41 284 0.5 0 0 6.75 761.25 285 0.5 0 0 11 238.62 286 0.5 0 0 8 2337.5 287 0.5 0 0 10.4 410.04 288 0.5 0 0 8.3 3409.56 289 0.5 0 0 11.3 87.53 290 0.5 0 0 10.49 852.61 291 0.5 0 0 7 5051.83 292 0.5 0 0 9.25 1317.95 293 0.5 0 0 6.49 1862.12 294 0.5 0 0 9 1034.26 295 0.5 0 0 6.3 2226.98 296 0.5 0 0 5.75 1666.67 297 0.5 0 0 8 961.15 298 0.5 0 0 7.75 2163.85 299 0.5 0 0 10.775 710.41 300 0.5 0 0 6.75 1500.79 301 0.5 0 0 9.49 233.24 302 0.5 0 0 6.49 1661.58 303 0.5 0 0 6.49 1954.02 304 0.5 0 0 6 2513.33 305 0.5 0 0 11.125 1119.83 306 0.5 0 0 10.49 837.38 307 0.5 0 0 9.25 996.62 308 0.5 0 0 8.9 311.76 309 0.5 0 0 7.2 627.41 310 0.5 0 0 6.4 974.73 311 0.5 0 0 10 800.4 312 0.5 0 0 9.49 748.82 313 0.5 0 0 9.775 682.45 314 0.5 0 0 7.25 2235.21 315 0.5 0 0 9 1093.12 316 0.5 0 0 9.78 952.24 317 0.5 0 0 10.75 512.83 318 0.5 0 0 7.4 559.65 319 0.5 0 0 7.1 748.44 320 0.5 0 0 6.2 1605.46 321 0.5 0 0 5.95 3269.68 322 0.5 0 0 10.375 2206.37 323 0.5 0 0 6.25 1080 324 0.5 0 0 10.35 1195.08 325 0.5 0 0 6.85 1802.36 326 0.5 0 0 11.125 1109.83 327 0.5 0 0 9.49 1060.97 328 0.5 0 0 8.49 440.14 329 0.5 0 0 10.25 1086.58 330 0.5 0 0 9.725 821.76 331 0.5 0 0 9.49 420.88 332 0.5 0 0 8.25 489.33 333 0.5 0 0 7.3 4039.57 334 0.5 0 0 8.99 628.42 335 0.5 0 0 10 665.94 336 0.5 0 0 8.75 649.92 337 0.5 0 0 9.25 1073.95 338 0.5 0 0 8.75 970.76 339 0.5 0 0 8.875 440.83 340 0.5 0 0 6.95 4395.5 341 0.5 0 0 8.49 610.97 342 0.5 0 0 7.4 1540.83 343 0.5 0 0 6.4 1150 344 0.5 0 0 10.49 1263.21 345 0.5 0 0 7 1977.03 346 0.5 0 0 8.75 279.71 347 0.5 0 0 8.25 601.83 348 0.5 0 0 6.75 2187.4 349 0.5 0 0 7.65 945.2 350 0.5 0 0 6.25 959.93 351 0.5 0 0 5.89 497.89 352 0.5 0 0 8.49 241.18 353 0.5 0 0 8.49 572.38 354 0.5 0 0 11.49 109.36 355 0.5 0 0 6.49 736.42 356 0.5 0 0 11.49 166.8 357 0.5 0 0 5.85 2563.62 358 0.5 0 0 9.24 576.86 359 0.5 0 0 6.5 1084.45 360 0.5 0 0 8.49 200.98 361 0.5 0 0 6.8 1964.92 362 0.5 0 0 8.9 263.25 363 0.5 0 0 7.49 706.68 364 0.5 0 0 10.275 1403.05 365 0.5 0 0 7.75 713.71 366 0.5 0 0 6.2 645.28 367 0.5 0 0 11.75 94.57 368 0.5 0 0 10.53 264.43 369 0.5 0 0 6.95 473.14 370 0.5 0 0 6.45 1096.19 371 0.5 0 0 10.4 391.14 372 0.5 0 0 7.95 597 373 0.5 0 0 10.49 454.85 374 0.5 0 0 7.3 1376.4 375 0.5 0 0 10.49 214.7 376 0.5 0 0 10 306.44 377 0.5 0 0 6.49 1070.06 378 0.5 0 0 11.75 117.39 379 0.5 0 0 8.625 173.7 380 0.5 0 0 6.49 3057.31 381 0.5 0 0 8.625 838.05 382 0.5 0 0 9 339.71 383 0.5 0 0 7.9 891.36 384 0.5 0 0 6.1 648.88 385 0.5 0 0 8.49 771.75 386 0.5 0 0 8.2 400.97 387 0.5 0 0 6.9 1606.33 388 0.5 0 0 10.25 354.54 389 0.5 0 0 9.48 698.95 390 0.5 0 0 9.475 251.1 391 0.5 0 0 10.5 241.9 392 0.5 0 0 7.15 1542.75 393 0.5 0 0 7 559.38 394 0.5 0 0 7.35 1035.82 395 0.5 0 0 8.65 1895.9 396 0.5 0 0 10.45 321.56 397 0.5 0 0 7.35 1663.68 398 0.5 0 0 5.85 596.85 399 0.5 0 0 12 157.36 400 0.5 0 0 8.35 1333.68 401 0.5 0 0 9 222.83 402 0.5 0 0 9.15 846.71 403 0.5 0 0 9.25 458.79 404 0.5 0 0 6.35 1090.36 405 0.5 0 0 10.49 435.82 406 0.5 0 0 11.5 173.6 407 0.5 0 0 5.9 1256.02 408 0.5 0 0 8.5 611.52 409 0.5 0 0 10.49 524.14 410 0.5 0 0 6.49 988.84 411 0.5 0 0 9.49 313.91 412 0.5 0 0 9.15 340.73 413 0.5 0 0 8.2 1903.02 414 0.5 0 0 6.35 927.03 415 0.5 0 0 6.25 2205.24 416 0.5 0 0 7 1114 417 0.5 0 0 6.99 1369.12 418 0.5 0 0 8.25 692.3 419 0.5 0 0 6.05 1151.28 420 0.5 0 0 9 341.39 421 0.5 0 0 9.25 116.53 422 0.5 0 0 6.9 1457.8 423 0.5 0 0 6.49 1262.8 424 0.5 0 0 9.49 319.17 425 0.5 0 0 7.75 471.8 426 0.5 0 0 6.35 1356.39 427 0.5 0 0 9.49 168.62 428 0.5 0 0 10.875 245.2 429 0.5 0 0 10.875 286.73 430 0.5 0 0 7.49 1049.76 431 0.5 0 0 11.49 132.95 432 0.5 0 0 8.45 2026.6 433 0.5 0 0 9.49 657.63 434 0.5 0 0 11 191.21 435 0.5 0 0 6.99 4469.86 436 0.5 0 0 11.75 143.11 437 0.5 0 0 9.49 138.71 438 0.5 0 0 7 1163.5 439 0.5 0 0 8.15 2689.52 440 0.5 0 0 9.25 907.27 441 0.5 0 0 6.65 1358.5 442 0.5 0 0 12 177.85 443 0.5 0 0 7.4 620.7 444 0.5 0 0 11.75 115.62 445 0.5 0 0 9.625 266.05 446 0.5 0 0 5.85 846.25 447 0.5 0 0 8.875 621.57 448 0.5 0 0 10.49 799.32 449 0.5 0 0 7.1 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0 10.49 715.58 1816 0.5 0 0 9.35 576.23 1817 0.5 0 0 9.15 846.62 1818 0.5 0 0 6.49 1039.49 1819 0.5 0 0 11.125 789.88 1820 0.5 0 0 8.75 424.51 1821 0.5 0 0 8.65 288.67 1822 0.5 0 0 6.75 2646.85 1823 0.5 0 0 5.6 837.98 1824 0.5 0 0 9.75 232.99 1825 0.5 0 0 9.4 640.47 1826 0.5 0 0 6.4 987.91 1827 0.5 0 0 6.45 526.92 1828 0.5 0 0 6.55 1212.6 1829 0.5 0 0 6.4 1310.2 1830 0.5 0 0 9.65 441.98 1831 0.5 0 0 5.5 1840 1832 0.5 0 0 7.05 2283.11 1833 0.5 0 0 10.95 2725.15 1834 0.5 0 0 6.05 1000.7 1835 0.5 0 0 6.75 1214.28 1836 0.5 0 0 6.7 2111.52 1837 0.5 0 0 5.95 1257.57 1838 0.5 0 0 7.49 1528.04 1839 0.5 0 0 7.6 2328.75 1840 0.5 0 0 8 1307.16 1841 0.5 0 0 10.875 629.47 1842 0.5 0 0 5.525 1082.09 1843 0.5 0 0 6 1708.15 1844 0.5 0 0 6 2679.97 1845 0.5 0 0 6.1 1247.31 1846 0.5 0 0 6.2 1608 1847 0.5 0 0 8.375 843.39 1848 0.5 0 0 6.65 3697.86 1849 0.5 0 0 7.49 1550.08 1850 0.5 0 0 5.85 615.05 1851 0.5 0 0 7 3076.55 1852 0.5 0 0 8.49 253.23 1853 0.5 0 0 6.49 1936.81 1854 0.5 0 0 6.25 4045.5 1855 0.5 0 0 6.49 1669.56 1856 0.5 0 0 9 1009.03 1857 0.5 0 0 9.4 2119.18 1858 0.5 0 0 8.8 1074.2 1859 0.5 0 0 9.49 596.25 1860 0.5 0 0 6.4 3036 1861 0.5 0 0 8.525 580.63 1862 0.5 0 0 5.99 2098.43 1863 0.5 0 0 6.25 3735 1864 0.5 0 0 10.15 768.56 1865 0.5 0 0 6.1 1364 1866 0.5 0 0 10.15 333.36 1867 0.5 0 0 6.99 3143.39 1868 0.5 0 0 6.49 1936.6 1869 0.5 0 0 6.75 1266.56 1870 0.5 0 0 6.49 4147.4 1871 0.5 0 0 7.75 3541.49 1872 0.5 0 0 12 156.77 1873 0.5 0 0 10.15 1664.9 1874 0.5 0 0 5.7 1818.67 1875 0.5 0 0 9.75 481.48 1876 0.5 0 0 8.25 708.04 1877 0.5 0 0 6.05 2236.47 1878 0.5 0 0 10.49 774.58 1879 0.5 0 0 9.475 490.41 1880 0.5 0 0 5.5 1692 1881 0.5 0 0 5.45 2439.5 1882 0.5 0 0 9.475 849.46 1883 0.5 0 0 10.52 476.73 1884 0.5 0 0 7.05 3208.75 1885 0.5 0 0 10.025 775.46 1886 0.5 0 0 10.875 431.54 1887 0.5 0 0 8.9 958.61 1888 0.5 0 0 6.45 847.3 1889 0.5 0 0 5.8 1239 1890 0.5 0 0 7.6 2874.11 1891 0.5 0 0 6.99 4191.18 1892 0.5 0 0 10.625 730.77 1893 0.5 0 0 11.125 569.91 1894 0.5 0 0 9.75 698.96 1895 0.5 0 0 9.625 579.99 1896 0.5 0 0 9.75 971.38 1897 0.5 0 0 9.75 967.79 1898 0.5 0 0 6.4 2476.34 1899 0.5 0 0 9.475 528.29 1900 0.5 0 0 6.25 1255.04 1901 0.5 0 0 9 706.32 1902 0.5 0 0 7.2 4243.02 1903 0.5 0 0 7.1 1976 1904 0.5 0 0 11.25 787.34 1905 0.5 0 0 7.25 1439.99 1906 0.5 0 0 5.5 1386.17 1907 0.5 0 0 6.49 903.9 1908 0.5 0 0 7 699.22 1909 0.5 0 0 5.75 2142.7 1910 0.5 0 0 10 1033.57 1911 0.5 0 0 8.9 725.21 1912 0.5 0 0 8.1 970.02 1913 0.5 0 0 7.1 458.95 1914 0.5 0 0 11.025 982.28 1915 0.5 0 0 6.85 1350.39 1916 0.5 0 0 8.31 1328.87 1917 0.5 0 0 8.1 954.5 1918 0.5 0 0 8.65 978.25 1919 0.5 0 0 10.25 718.79 1920 0.5 0 0 6.8 1299.85 1921 0.5 0 0 8.49 2049.96 1922 0.5 0 0 10.75 460.38 1923 0.5 0 0 9 840.86 1924 0.5 0 0 6.95 2671.85 1925 0.5 0 0 7.15 1697.16 1926 0.5 0 0 6.4 2943.95 1927 0.5 0 0 11.49 356.44 1928 0.5 0 0 5.6 2739.1 1929 0.5 0 0 8.475 298.18 1930 0.5 0 0 8.65 1855.13 1931 0.5 0 0 6.49 1143.17 1932 0.5 0 0 6.9 2541.04 1933 0.5 0 0 6.3 2314.34 1934 0.5 0 0 5.35 1591.2 1935 0.5 0 0 5.49 3258.06 1936 0.5 0 0 6.05 1728.18 1937 0.5 0 0 5.1 2502.99 1938 0.5 0 0 9.49 194.93 1939 0.5 0 0 5.2 1509.05 1940 0.5 0 0 9.25 584.23 1941 0.5 0 0 8.4 612.44 1942 0.5 0 0 6.6 1975.78 1943 0.5 0 0 7 1594.21 1944 0.5 0 0 5.49 1930.53 1945 0.5 0 0 5.35 1287 1946 0.5 0 0 7.3 1305.13 1947 0.5 0 0 7.9 463.2 1948 0.5 0 0 5.25 1607.17 1949 0.5 0 0 11.15 283.84 1950 0.5 0 0 11.15 1901.33 1951 0.5 0 0 6.95 3061.5 1952 0.5 0 0 8.625 612.61 1953 0.5 0 0 7.6 2322.99 1954 0.5 0 0 8.9 433.46 1955 0.5 0 0 6.45 979.69 1956 0.5 0 0 6.1 1174.82 1957 0.5 0 0 6.1 707.64 1958 0.5 0 0 6.125 990.99 1959 0.5 0 0 10.75 439.02 1960 0.5 0 0 9.475 919.52 1961 0.5 0 0 5.6 2333.25 1962 0.5 0 0 7.7 2211.2 1963 0.5 0 0 7.2 1261.94 1964 0.5 0 0 5.55 2802.88 1965 0.5 0 0 6.15 1884.17 1966 0.5 0 0 6.95 1077.65 1967 0.5 0 0 8.775 691.35 1968 0.5 0 0 8.625 225.38 1969 0.5 0 0 6.9 986.67 1970 0.5 0 0 10.49 263.64 1971 0.5 0 0 7.75 811.37 1972 0.5 0 0 6.85 1343.5 1973 0.5 0 0 6.25 1440 1974 0.5 0 0 6.09 1337.25 1975 0.5 0 0 5.95 1223.62 1976 0.5 0 0 5.49 2096.5 1977 0.5 0 0 6.3 2674.67 1978 0.5 0 0 8.9 803.98 1979 0.5 0 0 7.15 4824.7 1980 0.5 0 0 7.75 2464.16 1981 0.5 0 0 7.25 2521.78 1982 0.5 0 0 5.49 2567.71 1983 0.5 0 0 10 1551.18 1984 0.5 0 0 6.25 3015 1985 0.5 0 0 9.49 459.47 1986 0.5 0 0 6.49 2609.6 1987 0.5 0 0 6.45 1073.42 1988 0.5 0 0 5.8 631.36 1989 0.5 0 0 8.775 700.82 1990 0.5 0 0 6.49 2100.24 1991 0.5 0 0 9.49 990.83 1992 0.5 0 0 5.75 1180.7 1993 0.5 0 0 6.5 2218.51 1994 0.5 0 0 10.49 631.38 1995 0.5 0 0 6.22 2688 1996 0.5 0 0 6.49 2213.5 1997 0.5 0 0 10.025 354.92 1998 0.5 0 0 9.375 946.51 1999 0.5 0 0 7.1 889.66 2000 0.5 0 0 9.49 1034.67 2001 0.5 0 0 6.49 1957.2 2002 0.5 0 0 7.85 1099.55 2003 0.5 0 0 10 951.33 2004 0.5 0 0 7.15 2625.21 2005 0.5 0 0 8.7 392.66 2006 0.5 0 0 7.6 570.38 2007 0.5 0 0 6.15 1579.37 2008 0.5 0 0 5.85 1115.05 2009 0.5 0 0 6.3 1877.55 2010 0.5 0 0 9.49 920.68 2011 0.5 0 0 5.7 3307.34 2012 0.5 0 0 7.8 558.55 2013 0.5 0 0 7.3 1929.26 2014 0.5 0 0 8.49 900.38 2015 0.5 0 0 8.2 2991.57 2016 0.5 0 0 10.49 3330.49 2017 0.5 0 0 7.1 2335.7 2018 0.5 0 0 10.49 669.91 2019 0.5 0 0 11.75 139.13 2020 0.5 0 0 6.2 2153.15 2021 0.5 0 0 5.85 2023.53 2022 0.5 0 0 6.49 1541.95 2023 0.5 0 0 6.35 1523.48 2024 0.5 0 0 7.6 611.12 2025 0.5 0 0 10.275 514.45 2026 0.5 0 0 8 1261.02 2027 0.5 0 0 5.75 2833.33 2028 0.5 0 0 6.5 2288.65 2029 0.5 0 0 6.15 980.88 2030 0.5 0 0 8.2 2881.93 2031 0.5 0 0 7.25 3211.08 2032 0.5 0 0 7.35 600.37 2033 0.5 0 0 11.375 1110.72 2034 0.5 0 0 6.55 4653.91 2035 0.5 0 0 10.025 230.25 2036 0.5 0 0 7.09 1953.65 2037 0.5 0 0 5.2 1292 2038 0.5 0 0 6.75 1185.9 2039 0.5 0 0 6.3 3194.44 2040 0.5 0 0 9.5 1007.02 2041 0.5 0 0 8.05 463.48 2042 0.5 0 0 6.54 1924.27 2043 0.5 0 0 5.75 1714.78 2044 0.5 0 0 6.35 618.57 2045 0.5 0 0 8.55 727.41 2046 0.5 0 0 8.8 991.57 2047 0.5 0 0 8.55 1163.85 2048 0.5 0 0 6.2 1187.32 2049 0.5 0 0 6.35 1233.93 2050 0.5 0 0 6.49 1914.14 2051 0.5 0 0 8.9 383.45 2052 0.5 0 0 5.45 1903.52 2053 0.5 0 0 8.775 657.95 2054 0.5 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95.15 3088 0.5 0 0 10.49 226.29 3089 0.5 0 0 6 1058.72 3090 0.5 0 0 8.4 476.87 3091 0.5 0 0 6.49 1090 3092 0.5 0 0 6 1163.01 3093 0.5 0 0 11.25 174.74 3094 0.5 0 0 7.95 1132.76 3095 0.5 0 0 7.9 1701 3096 0.5 0 0 6.05 1168.56 3097 0.5 0 0 11.75 81.88 3098 0.5 0 0 9.49 375.29 3099 0.5 0 0 11.75 106.16 3100 0.5 0 0 10.25 681.45 3101 0.5 0 0 10.02 433.2 3102 0.5 0 0 7.05 534.01 3103 0.5 0 0 6.15 2824.65 3104 0.5 0 0 10.49 266.29 3105 0.5 0 0 12.5 191.12 3106 0.5 0 0 7.49 733.07 3107 0.5 0 0 6.55 807.75 3108 0.5 0 0 6.2 1574.48 3109 0.5 0 0 6.45 1251.88 3110 0.5 0 0 9.75 196.2 3111 0.5 0 0 10.49 287.38 3112 0.5 0 0 6.3 1903.63 3113 0.5 0 0 6.55 663.32 3114 0.5 0 0 9.75 519.74 3115 0.5 0 0 7.3 817.78 3116 0.5 0 0 6.75 899.11 3117 0.5 0 0 11.3 1543.51 3118 0.5 0 0 10.03 216.81 3119 0.5 0 0 10.05 235.14 3120 0.5 0 0 5.6 528.67 3121 0.5 0 0 6.1 500.2 3122 0.5 0 0 8.49 209.02 3123 0.5 0 0 10.5 176.18 3124 0.5 0 0 7.2 1112.22 3125 0.5 0 0 8.2 1220.51 3126 0.5 0 0 10.49 417.43 3127 0.5 0 0 10.49 264.78 3128 0.5 0 0 9.48 779.73 3129 0.5 0 0 5.95 996 3130 0.5 0 0 9 695.18 3131 0.5 0 0 6.49 1794.1 3132 0.5 0 0 6.5 1037.88 3133 0.5 0 0 7.49 1554.11 3134 0.5 0 0 6.55 1173.3 3135 0.5 0 0 7.4 1975 3136 0.5 0 0 10.625 258.99 3137 0.5 0 0 8.4 598.08 3138 0.5 0 0 7.35 751.55 3139 0.5 0 0 11.49 154.89 3140 0.5 0 0 10.75 135.69 3141 0.5 0 0 5.55 1060.88 3142 0.5 0 0 11.75 275.08 3143 0.5 0 0 6.955 775.22 3144 0.5 0 0 8.19 258.2 3145 0.5 0 0 10.49 94.83 3146 0.5 0 0 8.9 325.1 3147 0.5 0 0 9.62 235.87 3148 0.5 0 0 10.49 291.18 3149 0.5 0 0 7.7 1960.61 3150 0.5 0 0 8.19 514.45 3151 0.5 0 0 7.49 3225.5 3152 0.5 0 0 7.3 1198.59 3153 0.5 0 0 9 262.82 3154 0.5 0 0 7 1090.78 3155 0.5 0 0 8.5 450.59 3156 0.5 0 0 6.99 855.01 3157 0.5 0 0 5.88 1991.52 3158 0.5 0 0 5.75 775 3159 0.5 0 0 6.8 1661.83 3160 0.5 0 0 6.5 1170.94 3161 0.5 0 0 6.45 1090.9 3162 0.5 0 0 10.49 437.73 3163 0.5 0 0 6.65 1132.08 3164 0.5 0 0 10.6 575.94 3165 0.5 0 0 7.3 540.2 3166 0.5 0 0 10 207.38 3167 0.5 0 0 9.5 124.05 3168 0.5 0 0 6.74 871.78 3169 0.5 0 0 8.49 479.13 3170 0.5 0 0 11 130.26 3171 0.5 0 0 9.475 744.37 3172 0.5 0 0 8.475 272.97 3173 0.5 0 0 9.5 125.73 3174 0.5 0 0 10.875 197.25 3175 0.5 0 0 6.89 1732.02 3176 0.5 0 0 6.6 860.21 3177 0.5 0 0 6.45 787.67 3178 0.5 0 0 10.75 118.99 3179 0.5 0 0 9.475 325.77 3180 0.5 0 0 7.625 276.21 3181 0.5 0 0 7.7 2482.55 3182 0.5 0 0 10.9 255.5 3183 0.5 0 0 8.625 509.34 3184 0.5 0 0 6.25 1224.19 3185 0.5 0 0 6.25 1336.12 3186 0.5 0 0 8.49 257.25 3187 0.5 0 0 6.65 710.23 3188 0.5 0 0 6.4 652.1 3189 0.5 0 0 6.05 904.76 3190 0.5 0 0 7.29 788.22 3191 0.5 0 0 6.49 1300.14 3192 0.5 0 0 8.25 985.11 3193 0.5 0 0 10.499 577.07 3194 0.5 0 0 8.65 1076.38 3195 0.5 0 0 9.375 217.09 3196 0.5 0 0 6.2 1530.79 3197 0.5 0 0 9.675 528.15 3198 0.5 0 0 8.75 1069.48 3199 0.5 0 0 9.49 169.7 3200 0.5 0 0 12 101 3201 0.5 0 0 11.75 81.88 3202 0.5 0 0 6.2 1949.23 3203 0.5 0 0 10.49 283.57 3204 0.5 0 0 6.25 1282.5 3205 0.5 0 0 9.7 459.58 3206 0.5 0 0 6.9 1301.68 3207 0.5 0 0 6.3 1069.16 3208 0.5 0 0 6.9 742.24 3209 0.5 0 0 9.49 324.43 3210 0.5 0 0 6 1027 3211 0.5 0 0 8.75 394.97 3212 0.5 0 0 9.49 100.4 3213 0.5 0 0 7 1638.96 3214 0.5 0 0 10 512.26 3215 0.5 0 0 9 398.57 3216 0.5 0 0 9.5 235.19 3217 0.5 0 0 10.75 357.43 3218 0.5 0 0 7.45 2918.21 3219 0.5 0 0 9.125 484.5 3220 0.5 0 0 12 139.06 3221 0.5 0 0 7.25 1871.63 3222 0.5 0 0 9 344.76 3223 0.5 0 0 10.25 296.79 3224 0.5 0 0 6.8 798.13 3225 0.5 0 0 11.49 145.57 3226 0.5 0 0 10.65 331.51 3227 0.5 0 0 6.25 1390.6 3228 0.5 0 0 6 733.2 3229 0.5 0 0 8.49 282.18 3230 0.5 0 0 9.9 322.81 3231 0.5 0 0 10.49 72.29 3232 0.5 0 0 6.49 862.1 3233 0.5 0 0 9.525 325.39 3234 0.5 0 0 9.49 346.35 3235 0.5 0 0 7.4 901.24 3236 0.5 0 0 7.75 1033.75 3237 0.5 0 0 9.49 683.93 3238 0.5 0 0 9.15 511.1 3239 0.5 0 0 5.35 936 3240 0.5 0 0 6.2 768.27 3241 0.5 0 0 7.95 1591.98 3242 0.5 0 0 9.49 469.99 3243 0.5 0 0 7 1360 3244 0.5 0 0 9.49 389.32 3245 0.5 0 0 7.59 1487.5 3246 0.5 0 0 8.78 239.21 3247 0.5 0 0 8.75 269.84 3248 0.5 0 0 10.24 428.87 3249 0.5 0 0 6.65 564.65 3250 0.5 0 0 8.625 271.76 3251 0.5 0 0 5.7 802.34 3252 0.5 0 0 8.25 215.17 3253 0.5 0 0 7.25 904.98 3254 0.5 0 0 10.525 147.97 3255 0.5 0 0 7.4 814.03 3256 0.5 0 0 7.49 586.46 3257 0.5 0 0 6.9 573.3 3258 0.5 0 0 5.6 1037 3259 0.5 0 0 6.55 592.2 3260 0.5 0 0 6.6 1499.98 3261 0.5 0 0 9.5 265.91 3262 0.5 0 0 7.85 379.16 3263 0.5 0 0 9.9 227.54 3264 0.5 0 0 8.14 613.36 3265 0.5 0 0 6 1327.35 3266 0.5 0 0 6.437 3166.72 3267 0.5 0 0 6.95 695.8 3268 0.5 0 0 6.6 1735.95 3269 0.5 0 0 10.4 4015.3 3270 0.5 0 0 6.375 1064.23 3271 0.5 0 0 12 102.47 3272 0.5 0 0 7.85 1501.46 3273 0.5 0 0 9.49 719.01 3274 0.5 0 0 5.65 560.49 3275 0.5 0 0 8.75 207.32 3276 0.5 0 0 10.525 267.18 3277 0.5 0 0 6.25 4732.18 3278 0.5 0 0 9.49 447.19 3279 0.5 0 0 7.89 1252.05 3280 0.5 0 0 6.49 736.28 3281 0.5 0 0 7.2 1463 3282 0.5 0 0 7 2265.46 3283 0.5 0 0 10.53 261.86 3284 0.5 0 0 6 905.13 3285 0.5 0 0 7.99 479.36 3286 0.5 0 0 8.7 653.61 3287 0.5 0 0 9 243.01 3288 0.5 0 0 9.45 312.85 3289 0.5 0 0 6.85 920.47 3290 0.5 0 0 9.99 831.74 3291 0.5 0 0 8.75 468.93 3292 0.5 0 0 11.25 278.28 3293 0.5 0 0 10.3 331.6 3294 0.5 0 0 7.75 1138.93 3295 0.5 0 0 9.75 365.61 3296 0.5 0 0 7.49 6267.73 3297 0.5 0 0 5.6 1095.64 3298 0.5 0 0 9.1 383.37 3299 0.5 0 0 5.85 1455.21 3300 0.5 0 0 7.15 1475.79 3301 0.5 0 0 7 1925 3302 0.5 0 0 9.55 678.58 3303 0.5 0 0 6 3792.41 3304 0.5 0 0 8.65 1223.16 3305 0.5 0 0 5.875 2308.32 3306 0.5 0 0 7.125 1840.26 3307 0.5 0 0 5.9 889.47 3308 0.5 0 0 4.65 1719.98 3309 0.5 0 0 6.49 1129.87 3310 0.5 0 0 7.3 560.42 3311 0.5 0 0 5.75 1408.33 3312 0.5 0 0 8.25 531.81 3313 0.5 0 0 7.125 3507.5 3314 0.5 0 0 10.525 157.93 3315 0.5 0 0 5.95 567.6 3316 0.5 0 0 8.3 1984.5 3317 0.5 0 0 11.125 429.94 3318 0.5 0 0 11.75 261.51 3319 0.5 0 0 6.7 1099.64 3320 0.5 0 0 6.49 802.88 3321 0.5 0 0 6.85 688.98 3322 0.5 0 0 6.45 1165.03 3323 0.5 0 0 5.55 2319.17 3324 0.5 0 0 5.9 1301.06 3325 0.5 0 0 8.49 1024.98 3326 0.5 0 0 9.49 1192.5 3327 0.5 0 0 9.49 622.56 3328 0.5 0 0 8.9 616.85 3329 0.5 0 0 9.25 979.44 3330 0.5 0 0 7.05 1292.3 3331 0.5 0 0 10.25 400.92 3332 0.5 0 0 11.49 132.66 3333 0.5 0 0 7.3 1547.73 3334 0.5 0 0 11.25 898.38 3335 0.5 0 0 6.85 1470 3336 0.5 0 0 6.55 2132.2 3337 0.5 0 0 5.85 2737.84 3338 0.5 0 0 5.7 2294 3339 0.5 0 0 7 4894.51 3340 0.5 0 0 10.4 1133.73 3341 0.5 0 0 6.95 1539.67 3342 0.5 0 0 8.9 733.54 3343 0.5 0 0 9.49 1455.55 3344 0.5 0 0 8.25 494.05 3345 0.5 0 0 8.9 1317.04 3346 0.5 0 0 5.05 2306.56 3347 0.5 0 0 6 2022.62 3348 0.5 0 0 9.99 325.39 3349 0.5 0 0 6.35 3511.98 3350 0.5 0 0 6.3 1049.6 3351 0.5 0 0 7.95 1230.69 3352 0.5 0 0 10.875 527.66 3353 0.5 0 0 6.95 2852.76 3354 0.5 0 0 10.9 227.73 3355 0.5 0 0 8.75 1324.51 3356 0.5 0 0 5.75 4039.11 3357 0.5 0 0 5.95 704.24 3358 0.5 0 0 9.9 1486.12 3359 0.5 0 0 10.525 637.38 3360 0.5 0 0 6.65 713.23 3361 0.5 0 0 8.49 1607.81 3362 0.5 0 0 8.85 580.96 3363 0.5 0 0 7.95 1148.06 3364 0.5 0 0 7.85 1450.27 3365 0.5 0 0 10.25 509.69 3366 0.5 0 0 6.35 2175.47 3367 0.5 0 0 8 784.3 3368 0.5 0 0 7.25 1654.92 3369 0.5 0 0 5.9 1642.67 3370 0.5 0 0 7.55 810.98 3371 0.5 0 0 5.55 1181.43 3372 0.5 0 0 8.25 564.13 3373 0.5 0 0 7.6 1222.24 3374 0.5 0 0 9.75 967.79 3375 0.5 0 0 6.85 1186.76 3376 0.5 0 0 9.15 532.39 3377 0.5 0 0 10 951.33 3378 0.5 0 0 7.15 874.52 3379 0.5 0 0 5.625 2503.36 3380 0.5 0 0 6.65 2823.48 3381 0.5 0 0 10.275 458.33 3382 0.5 0 0 5.49 1422.63 3383 0.5 0 0 5.45 2895.27 3384 0.5 0 0 7.25 1611.93 3385 0.5 0 0 5.45 2146.83 3386 0.5 0 0 10 313.71 3387 0.5 0 0 5.85 1269.37 3388 0.5 0 0 7.1 1141.02 3389 0.5 0 0 11.05 367.82 3390 0.5 0 0 8.35 914.52 3391 0.5 0 0 6.49 2359.13 3392 0.5 0 0 6 1371.59 3393 0.5 0 0 7.48 1435.45 3394 0.5 0 0 7.2 773.56 3395 0.5 0 0 5.625 1610.17 3396 0.5 0 0 10.2 846.05 3397 0.5 0 0 9.25 812.76 3398 0.5 0 0 6.1 1781.86 3399 0.5 0 0 8 3460.11 3400 0.5 0 0 6.625 1472.2 3401 0.5 0 0 6 2491.67 3402 0.5 0 0 7.4 690.47 3403 0.5 0 0 6.275 3252 3404 0.5 0 0 6.65 2026.22 3405 0.5 0 0 9.2 2566.45 3406 0.5 0 0 6.85 937 3407 0.5 0 0 7.55 1173.71 3408 0.5 0 0 7.8 1026.51 3409 0.5 0 0 7.85 464.08 3410 0.5 0 0 7.275 1368.4 3411 0.5 0 0 8.3 1991.49 3412 0.5 0 0 5.975 4286.89 3413 0.5 0 0 7.85 1747.14 3414 0.5 0 0 11.49 1127.54 3415 0.5 0 0 6.49 1708.18 3416 0.5 0 0 7.45 1460.56 3417 0.5 0 0 10.9 648.56 3418 0.5 0 0 8.2 1231.48 3419 0.5 0 0 6.24 822.88 3420 0.5 0 0 7.8 712.59 3421 0.5 0 0 7.4 1139.27 3422 0.5 0 0 11.7 1096.24 3423 0.5 0 0 6.8 2358.36 3424 0.5 0 0 11.4 1071.97 3425 0.5 0 0 11.65 1811.98 3426 0.5 0 0 9.49 692.7 3427 0.5 0 0 5.9 1191.59 3428 0.5 0 0 11.15 542.95 3429 0.5 0 0 9.05 4028.29 3430 0.5 0 0 7.25 3152.21 3431 0.5 0 0 8.1 2849.52 3432 0.5 0 0 11.05 825.11 3433 0.5 0 0 8.65 1263.93 3434 0.5 0 0 6.275 988.02 3435 0.5 0 0 7.95 1064.63 3436 0.5 0 0 6.49 731.09 3437 0.5 0 0 6.5 1071.14 3438 0.5 0 0 8.5 731.12 3439 0.5 0 0 8.9 1025.29 3440 0.5 0 0 7.05 1208.54 3441 0.5 0 0 11.25 434.05 3442 0.5 0 0 9.65 850.91 3443 0.5 0 0 7.05 1770.66 3444 0.5 0 0 7.4 2316.69 3445 0.5 0 0 6.05 1080.11 3446 0.5 0 0 10.9 687.87 3447 0.5 0 0 6.95 2217.84 3448 0.5 0 0 7.65 2625.34 3449 0.5 0 0 6.45 906.87 3450 0.5 0 0 6.75 542.24 3451 0.5 0 0 7.45 2547.22 3452 0.5 0 0 6.05 1364.58 3453 0.5 0 0 9.75 645.19 3454 0.5 0 0 7.25 1329.66 3455 0.5 0 0 6.8 445.62 3456 0.5 0 0 6.3 1133.33 3457 0.5 0 0 6.05 1702.13 3458 0.5 0 0 7.25 3094.9 3459 0.5 0 0 6.7 889.21 3460 0.5 0 0 8.6 1242.1 3461 0.5 0 0 8.3 2503.59 3462 0.5 0 0 9 3859.52 3463 0.5 0 0 6.4 1119.62 3464 0.5 0 0 8.7 994.41 3465 0.5 0 0 7.4 1453.61 3466 0.5 0 0 6.3 878.8 3467 0.5 0 0 6.6 1424.71 3468 0.5 0 0 6.175 1481.02 3469 0.5 0 0 7.05 1573.92 3470 0.5 0 0 6.3 1101.75 3471 0.5 0 0 6.275 1666.65 3472 0.5 0 0 7.175 3323.59 3473 0.5 0 0 5.75 2524.44 3474 0.5 0 0 8.6 577.21 3475 0.5 0 0 7.49 1246.21 3476 0.5 0 0 6.85 2609.48 3477 0.5 0 0 11.2 1164.46 3478 0.5 0 0 8.6 1399.13 3479 0.5 0 0 7 978.2 3480 0.5 0 0 7.3 1069.01 3481 0.5 0 0 7 2925 3482 0.5 0 0 7.275 1314.2 3483 0.5 0 0 9.5 1317.41 3484 0.5 0 0 7.29 1240.94 3485 0.5 0 0 7.85 6066.47 3486 0.5 0 0 6.28 3390 3487 0.5 0 0 7.6 433.34 3488 0.5 0 0 11.95 526.37 3489 0.5 0 0 7.6 2148.17 3490 0.5 0 0 7.05 1327.99 3491 0.5 0 0 6.85 1205.7 3492 0.5 0 0 9.6 477.88 3493 0.5 0 0 8.275 1139.36 3494 0.5 0 0 8.9 733.37 3495 0.5 0 0 10 616.46 3496 0.5 0 0 7.425 1650.38 3497 0.5 0 0 10.375 1046.61 3498 0.5 0 0 8.2 1240.48 3499 0.5 0 0 7.175 1934.28 3500 0.5 0 0 8.625 1208.24 3501 0.5 0 0 10.9 1199.84 3502 0.5 0 0 6.475 2673.75 3503 0.5 0 0 7.5 2758.95 3504 0.5 0 0 6.9 3052.77 3505 0.5 0 0 7.85 4436.11 3506 0.5 0 0 6.49 1781.22 3507 0.5 0 0 10.525 517.19 3508 0.5 0 0 8.75 1427.35 3509 0.5 0 0 9.2 1668.2 3510 0.5 0 0 9.25 639.22 3511 0.5 0 0 9.5 421.24 3512 0.5 0 0 11.125 1019.84 3513 0.5 0 0 7.75 811.37 3514 0.5 0 0 7.4 2674.65 3515 0.5 0 0 7.375 725.07 3516 0.5 0 0 7.375 4921.87 3517 0.5 0 0 7 1852.92 3518 0.5 0 0 7.35 3323.17 3519 0.5 0 0 8.9 1485.12 3520 0.5 0 0 7.4 1773.41 3521 0.5 0 0 8.625 927.55 3522 0.5 0 0 8.65 2054.91 3523 0.5 0 0 7.7 2662.01 3524 0.5 0 0 6 1801.04 3525 0.5 0 0 6.95 3728.9 3526 0.5 0 0 9.4 127.58 3527 0.5 0 0 6.9 886.25 3528 0.5 0 0 12 357.44 3529 0.5 0 0 6.75 971.42 3530 0.5 0 0 8.275 465.21 3531 0.5 0 0 6.65 1404.85 3532 0.5 0 0 6.3 4193.33 3533 0.5 0 0 10.625 327.01 3534 0.5 0 0 10.025 128.41 3535 0.5 0 0 8.99 467.11 3536 0.5 0 0 5.7 2082.4 3537 0.5 0 0 6.1 1686.06 3538 0.5 0 0 7.75 1652.79 3539 0.5 0 0 6.2 1910.03 3540 0.5 0 0 6.5 1383.83 3541 0.5 0 0 9.49 359.51 3542 0.5 0 0 6.7 5061.42 3543 0.5 0 0 7.7 1233.8 3544 0.5 0 0 5.3 2122.8 3545 0.5 0 0 10.875 559.04 3546 0.5 0 0 8.625 738.22 3547 0.5 0 0 6.65 1977.6 3548 0.5 0 0 6 2990 3549 0.5 0 0 6.15 1449.15 3550 0.5 0 0 6.4 4144.6 3551 0.5 0 0 6.75 2271.65 3552 0.5 0 0 10.49 696.55 3553 0.5 0 0 10.9 1770.77 3554 0.5 0 0 8.49 260.47 3555 0.5 0 0 10.65 655.3 3556 0.5 0 0 7.25 2063.27 3557 0.5 0 0 7.49 1759.37 3558 0.5 0 0 10.27 794.74 3559 0.5 0 0 10.025 1164.1 3560 0.5 0 0 8.78 915.59 3561 0.5 0 0 7.95 979.68 3562 0.5 0 0 7.1 2626.6 3563 0.5 0 0 8.49 205 3564 0.5 0 0 11.45 1465.42 3565 0.5 0 0 7 2608.08 3566 0.5 0 0 7 5129.44 3567 0.5 0 0 7.39 1009.3 3568 0.5 0 0 8.49 647.95 3569 0.5 0 0 11.125 563.89 3570 0.5 0 0 6.9 736.42 3571 0.5 0 0 8.65 505.58 3572 0.5 0 0 6.7 1444.47 3573 0.5 0 0 8.49 1946.82 3574 0.5 0 0 6.25 1099.62 3575 0.5 0 0 6.65 999.61 3576 0.5 0 0 9.475 481.65 3577 0.5 0 0 9 824.04 3578 0.5 0 0 5.6 2084.17 3579 0.5 0 0 8.79 754.58 3580 0.5 0 0 6.45 866.43 3581 0.5 0 0 9.475 277.45 3582 0.5 0 0 5.65 1188.04 3583 0.5 0 0 5.75 3162.5 3584 0.5 0 0 5.625 2031.72 3585 0.5 0 0 6.025 1343.47 3586 0.5 0 0 9 857.67 3587 0.5 0 0 5.2 3468.18 3588 0.5 0 0 7 2461.24 3589 0.5 0 0 6.625 5046.87 3590 0.5 0 0 6.875 759.75 3591 0.5 0 0 6.4 1211.83 3592 0.5 0 0 11.49 257.9 3593 0.5 0 0 6.65 1783.08 3594 0.5 0 0 5.3 2059 3595 0.5 0 0 11.2 194.9 3596 0.5 0 0 7.55 958.43 3597 0.5 0 0 6.45 4343.75 3598 0.5 0 0 9 553.29 3599 0.5 0 0 6.25 2334.95 3600 0.5 0 0 6.1 1992.62 3601 0.5 0 0 7.75 1295.93 3602 0.5 0 0 9 360.4 3603 0.5 0 0 5.95 1760.6 3604 0.5 0 0 5.4 1637.56 3605 0.5 0 0 6.65 1256.26 3606 0.5 0 0 8 626.67 3607 0.5 0 0 8.87 581.98 3608 0.5 0 0 6.6 2607.49 3609 0.5 0 0 8.05 617.97 3610 0.5 0 0 9.7 1907.48 3611 0.5 0 0 5.49 873.37 3612 0.5 0 0 8.49 351.64 3613 0.5 0 0 6.45 1112.08 3614 0.5 0 0 7.1 868.43 3615 0.5 0 0 7.1 1271.73 3616 0.5 0 0 6.85 1309.05 3617 0.5 0 0 9.525 363.96 3618 0.5 0 0 5.35 1268.38 3619 0.5 0 0 6.15 1027.15 3620 0.5 0 0 6.55 1872.26 3621 0.5 0 0 6.05 940.34 3622 0.5 0 0 10.275 725.85 3623 0.5 0 0 5.8 1750.77 3624 0.5 0 0 8.75 157.49 3625 0.5 0 0 10.525 496.2 3626 0.5 0 0 8.03 491.54 3627 0.5 0 0 6.49 2573.19 3628 0.5 0 0 9.5 614.31 3629 0.5 0 0 5.95 792.27 3630 0.5 0 0 7.49 1038.02 3631 0.5 0 0 7.7 747.76 3632 0.5 0 0 8.4 669.85 3633 0.5 0 0 6.9 1815.47 3634 0.5 0 0 9.2 1187.46 3635 0.5 0 0 7.49 5498.01 3636 0.5 0 0 4.95 816.89 3637 0.5 0 0 5.49 2257.89 3638 0.5 0 0 8.9 258.41 3639 0.5 0 0 9.775 412.89 3640 0.5 0 0 8.49 447.38 3641 0.5 0 0 5.95 974.62 3642 0.5 0 0 7.4 3793.93 3643 0.5 0 0 6.15 1550.99 3644 0.5 0 0 5.95 1070.7 3645 0.5 0 0 4.75 2131.51 3646 0.5 0 0 8.49 559.52 3647 0.5 0 0 7 3854.42 3648 0.5 0 0 7.45 759.5 3649 0.5 0 0 9.49 482.26 3650 0.5 0 0 10.275 243.2 3651 0.5 0 0 6.49 564.94 3652 0.5 0 0 7.875 1845.24 Loan Number Current PI Origination Dates First Pay Date Maturity Date ----------- ---------- ----------------- -------------- ------------- 1 912.76 9/28/2005 11/1/2005 10/1/2035 2 778.29 10/17/2005 12/1/2005 11/1/2035 3 1499.21 9/29/2005 11/1/2005 10/1/2035 4 931.89 9/21/2005 11/1/2005 10/1/2035 5 1279.36 2/10/2005 4/1/2005 3/1/2035 6 2555.23 5/19/2005 7/1/2005 6/1/2035 7 1922.44 6/8/2005 7/1/2005 6/1/2035 8 1018.43 8/9/2005 10/1/2005 9/1/2035 9 685.91 7/29/2005 9/1/2005 8/1/2035 10 790.27 8/19/2005 10/1/2005 9/1/2035 11 863.27 8/17/2005 10/1/2005 9/1/2035 12 2078.94 7/29/2005 9/1/2005 8/1/2035 13 1479.58 7/26/2005 9/1/2005 8/1/2035 14 625.43 7/26/2005 9/1/2005 8/1/2020 15 985.8 7/14/2005 9/1/2005 8/1/2035 16 762.58 7/21/2005 9/1/2005 8/1/2035 17 394.67 8/2/2005 9/1/2005 8/1/2035 18 991.3 8/26/2005 10/1/2005 9/1/2035 19 2279.82 7/29/2005 9/1/2005 8/1/2035 20 742.5 7/20/2005 9/1/2005 8/1/2035 21 554.09 9/13/2005 11/1/2005 10/1/2035 22 734.36 8/15/2005 10/1/2005 9/1/2035 23 837.35 8/31/2005 10/1/2005 9/1/2035 24 3148.16 7/29/2005 9/1/2005 8/1/2035 25 784.09 7/8/2005 9/1/2005 8/1/2020 26 3250 8/15/2005 10/1/2005 9/1/2035 27 995.88 8/5/2005 9/1/2005 8/1/2035 28 1229.06 8/18/2005 10/1/2005 9/1/2035 29 2510.83 7/29/2005 9/1/2005 8/1/2035 30 944.69 7/21/2005 9/1/2005 8/1/2035 31 334.79 7/21/2005 9/1/2005 8/1/2020 32 2583.75 7/26/2005 9/1/2005 8/1/2035 33 1002.72 7/27/2005 9/1/2005 8/1/2020 34 1386.67 8/16/2005 10/1/2005 9/1/2035 35 633.79 8/16/2005 10/1/2005 9/1/2020 36 1420.8 8/9/2005 10/1/2005 9/1/2035 37 2340 7/22/2005 9/1/2005 8/1/2035 38 477.81 8/26/2005 10/1/2005 9/1/2035 39 833.38 8/4/2005 9/1/2005 8/1/2020 40 1674.17 9/7/2005 10/1/2005 9/1/2035 41 2816.67 8/10/2005 10/1/2005 9/1/2035 42 279.03 8/1/2005 10/1/2005 9/1/2020 43 1691.59 7/27/2005 9/1/2005 8/1/2035 44 4106.65 8/17/2005 10/1/2005 9/1/2035 45 879.32 7/28/2005 9/1/2005 8/1/2035 46 1490.81 7/28/2005 9/1/2005 8/1/2035 47 1296.74 8/9/2005 9/1/2005 8/1/2035 48 1494.92 8/23/2005 10/1/2005 9/1/2035 49 1246.17 8/9/2005 9/1/2005 8/1/2035 50 875.65 9/15/2005 11/1/2005 10/1/2035 51 2528.96 8/30/2005 10/1/2005 9/1/2035 52 891.24 9/27/2005 11/1/2005 10/1/2035 53 1591.81 8/12/2005 10/1/2005 9/1/2035 54 1708.91 8/25/2005 10/1/2005 9/1/2035 55 2224.71 8/31/2005 10/1/2005 9/1/2035 56 3162.5 8/1/2005 9/1/2005 8/1/2035 57 847.68 8/23/2005 10/1/2005 9/1/2035 58 2347.92 8/16/2005 10/1/2005 9/1/2035 59 3105.67 7/28/2005 9/1/2005 8/1/2035 60 2357.5 8/4/2005 9/1/2005 8/1/2035 61 1284.41 7/29/2005 9/1/2005 8/1/2035 62 469.61 9/19/2005 11/1/2005 10/1/2020 63 542.5 7/25/2005 9/1/2005 8/1/2035 64 1208.33 8/17/2005 10/1/2005 9/1/2035 65 1717.99 8/22/2005 10/1/2005 9/1/2035 66 1753.11 7/29/2005 9/1/2005 8/1/2035 67 671.04 8/29/2005 10/1/2005 9/1/2035 68 611.58 8/8/2005 10/1/2005 9/1/2035 69 3160.19 8/19/2005 10/1/2005 9/1/2035 70 518.53 7/29/2005 9/1/2005 8/1/2020 71 888.25 8/3/2005 9/1/2005 8/1/2035 72 512.58 9/7/2005 11/1/2005 10/1/2035 73 1367.72 8/16/2005 10/1/2005 9/1/2035 74 2592.5 8/19/2005 10/1/2005 9/1/2035 75 1184.94 8/19/2005 10/1/2005 9/1/2020 76 2608.04 8/15/2005 10/1/2005 9/1/2035 77 729.17 8/26/2005 10/1/2005 9/1/2035 78 1118.74 9/2/2005 10/1/2005 9/1/2035 79 720.39 8/25/2005 10/1/2005 9/1/2035 80 1799.94 8/19/2005 10/1/2005 9/1/2035 81 1433.39 9/8/2005 10/1/2005 9/1/2035 82 1561.1 8/11/2005 10/1/2005 9/1/2035 83 1538.33 8/12/2005 10/1/2005 9/1/2035 84 675.61 8/12/2005 10/1/2005 9/1/2020 85 2013.63 8/10/2005 10/1/2005 9/1/2035 86 974.65 8/4/2005 9/1/2005 8/1/2035 87 2112 8/23/2005 10/1/2005 9/1/2035 88 1343.33 8/8/2005 10/1/2005 9/1/2035 89 1259.55 8/24/2005 10/1/2005 9/1/2020 90 1188.15 8/16/2005 10/1/2005 9/1/2035 91 508.54 8/16/2005 10/1/2005 9/1/2020 92 662.98 8/11/2005 10/1/2005 9/1/2020 93 2257.43 7/29/2005 9/1/2005 8/1/2035 94 1542.52 8/24/2005 10/1/2005 9/1/2035 95 2955.44 8/18/2005 10/1/2005 9/1/2035 96 722.91 8/4/2005 10/1/2005 9/1/2020 97 823.27 9/30/2005 11/1/2005 10/1/2020 98 889.03 8/22/2005 10/1/2005 9/1/2035 99 1060.73 8/12/2005 10/1/2005 9/1/2035 100 2325.78 8/31/2005 10/1/2005 9/1/2035 101 1625 8/30/2005 10/1/2005 9/1/2035 102 1233.1 8/22/2005 10/1/2005 9/1/2035 103 623.7 9/8/2005 10/1/2005 9/1/2035 104 1170 8/22/2005 10/1/2005 9/1/2035 105 440.7 8/31/2005 10/1/2005 9/1/2035 106 866.56 8/23/2005 10/1/2005 9/1/2035 107 1987.5 9/30/2005 11/1/2005 10/1/2035 108 630.64 8/30/2005 10/1/2005 9/1/2020 109 970.69 8/16/2005 10/1/2005 9/1/2035 110 1353.73 8/25/2005 10/1/2005 9/1/2035 111 547.82 8/25/2005 10/1/2005 9/1/2020 112 1450.51 9/1/2005 10/1/2005 9/1/2035 113 1111.25 9/8/2005 10/1/2005 9/1/2035 114 736.05 5/27/2005 7/1/2005 6/1/2035 115 673.43 6/7/2005 8/1/2005 7/1/2035 116 441.78 7/20/2005 9/1/2005 8/1/2035 117 777.46 8/11/2005 10/1/2005 9/1/2035 118 3431.6 9/13/2005 10/1/2005 9/1/2035 119 1408.47 9/13/2005 10/1/2005 9/1/2035 120 917.21 9/23/2005 11/1/2005 10/1/2035 121 1396.24 10/3/2005 12/1/2005 11/1/2035 122 578.81 6/28/2005 8/1/2005 7/1/2035 123 1270.84 10/7/2005 11/1/2005 10/1/2035 124 4669.64 10/21/2005 11/1/2005 10/1/2035 125 2037.34 10/13/2005 12/1/2005 11/1/2035 126 785.13 9/16/2005 11/1/2005 10/1/2035 127 1744 8/8/2005 9/1/2005 8/1/2035 128 600.07 7/20/2005 9/1/2005 8/1/2020 129 489.84 9/13/2005 11/1/2005 10/1/2035 130 280.23 9/22/2005 11/1/2005 10/1/2020 131 3676.5 9/2/2005 10/1/2005 9/1/2035 132 1538.51 9/21/2005 11/1/2005 10/1/2035 133 1039.76 9/26/2005 11/1/2005 10/1/2035 134 1596.37 9/29/2005 11/1/2005 10/1/2035 135 806.44 9/28/2005 11/1/2005 10/1/2035 136 1791.74 10/27/2005 12/1/2005 11/1/2035 137 946.05 10/27/2005 12/1/2005 11/1/2035 138 645.2 10/20/2005 12/1/2005 11/1/2035 139 875.73 10/17/2005 12/1/2005 11/1/2035 140 385.33 10/26/2005 12/1/2005 11/1/2035 141 584.6 10/3/2005 12/1/2005 11/1/2035 142 743.8 8/31/2005 10/1/2005 9/1/2020 143 475.13 9/13/2005 11/1/2005 10/1/2035 144 1190 9/8/2005 10/1/2005 9/1/2035 145 349.3 10/14/2005 12/1/2005 11/1/2020 146 2317.22 9/7/2005 10/1/2005 9/1/2035 147 939.69 9/28/2005 11/1/2005 10/1/2035 148 2038.21 8/31/2005 10/1/2005 9/1/2035 149 2140.11 7/28/2005 9/1/2005 8/1/2035 150 680.87 9/15/2005 11/1/2005 10/1/2035 151 4144.05 8/30/2005 10/1/2005 9/1/2035 152 973.85 9/28/2005 11/1/2005 10/1/2035 153 4625 10/7/2005 12/1/2005 11/1/2035 154 722.06 10/5/2005 12/1/2005 11/1/2035 155 382.85 10/14/2005 12/1/2005 11/1/2035 156 537.91 10/27/2005 12/1/2005 11/1/2035 157 825 10/7/2005 12/1/2005 11/1/2035 158 1909.17 10/5/2005 12/1/2005 11/1/2035 159 1809.28 10/5/2005 12/1/2005 11/1/2035 160 1369.33 10/14/2005 12/1/2005 11/1/2035 161 375.22 10/28/2005 12/1/2005 11/1/2035 162 1654.87 10/6/2005 12/1/2005 11/1/2035 163 729.39 10/14/2005 12/1/2005 11/1/2035 164 352.09 10/7/2005 12/1/2005 11/1/2035 165 1632 10/11/2005 12/1/2005 11/1/2035 166 1141.54 10/7/2005 12/1/2005 11/1/2035 167 273.99 10/14/2005 12/1/2005 11/1/2035 168 1001.56 10/5/2005 12/1/2005 11/1/2035 169 1630.13 10/19/2005 12/1/2005 11/1/2035 170 844.15 10/7/2005 12/1/2005 11/1/2035 171 776.61 10/7/2005 12/1/2005 11/1/2035 172 1412.15 10/7/2005 12/1/2005 11/1/2035 173 624.75 10/6/2005 12/1/2005 11/1/2035 174 3561.67 10/13/2005 12/1/2005 11/1/2035 175 1070.54 10/7/2005 12/1/2005 11/1/2035 176 483.96 10/13/2005 12/1/2005 11/1/2035 177 2650.54 10/12/2005 12/1/2005 11/1/2035 178 2688.17 10/17/2005 12/1/2005 11/1/2035 179 1411 10/6/2005 12/1/2005 11/1/2035 180 1138.91 10/20/2005 12/1/2005 11/1/2035 181 878.58 10/14/2005 12/1/2005 11/1/2035 182 2387.2 10/6/2005 12/1/2005 11/1/2035 183 953.54 10/21/2005 12/1/2005 11/1/2035 184 1760.8 10/21/2005 12/1/2005 11/1/2035 185 274.66 10/5/2005 12/1/2005 11/1/2010 186 278.16 10/21/2005 12/1/2005 11/1/2035 187 4288.33 10/14/2005 12/1/2005 11/1/2035 188 1197.08 10/19/2005 12/1/2005 11/1/2035 189 427.4 10/21/2005 12/1/2005 11/1/2035 190 1482.36 10/20/2005 12/1/2005 11/1/2035 191 82.4 10/26/2005 12/1/2005 11/1/2015 192 1784.19 10/7/2005 12/1/2005 11/1/2035 193 501.15 10/14/2005 12/1/2005 11/1/2035 194 1188.3 10/19/2005 12/1/2005 11/1/2035 195 497.42 10/6/2005 12/1/2005 11/1/2035 196 336.35 10/5/2005 12/1/2005 11/1/2035 197 1853.46 10/11/2005 12/1/2005 11/1/2035 198 428.84 10/19/2005 12/1/2005 11/1/2035 199 2126.82 10/19/2005 12/1/2005 11/1/2035 200 666.1 10/11/2005 12/1/2005 11/1/2035 201 402.16 10/7/2005 12/1/2005 11/1/2035 202 5529.4 10/7/2005 12/1/2005 11/1/2035 203 3055.91 10/21/2005 12/1/2005 11/1/2035 204 1048.83 10/10/2005 12/1/2005 11/1/2035 205 869.06 10/14/2005 12/1/2005 11/1/2035 206 2135.82 10/13/2005 12/1/2005 11/1/2035 207 2604 10/13/2005 12/1/2005 11/1/2035 208 663.12 10/19/2005 12/1/2005 11/1/2035 209 400.71 10/27/2005 12/1/2005 11/1/2035 210 1044.93 10/13/2005 12/1/2005 11/1/2035 211 1101.39 10/14/2005 12/1/2005 11/1/2035 212 745.72 10/12/2005 12/1/2005 11/1/2035 213 710.2 10/21/2005 12/1/2005 11/1/2035 214 863.82 10/7/2005 12/1/2005 11/1/2035 215 1299.35 10/12/2005 12/1/2005 11/1/2035 216 628.62 10/6/2005 12/1/2005 11/1/2035 217 289.03 10/12/2005 12/1/2005 11/1/2035 218 1407.49 10/13/2005 12/1/2005 11/1/2035 219 132.99 10/12/2005 12/1/2005 11/1/2015 220 403.35 10/18/2005 12/1/2005 11/1/2035 221 185.9 10/14/2005 12/1/2005 11/1/2020 222 599.43 10/19/2005 12/1/2005 11/1/2035 223 467.72 10/12/2005 12/1/2005 11/1/2035 224 762.5 10/11/2005 12/1/2005 11/1/2035 225 425.91 10/12/2005 12/1/2005 11/1/2035 226 874.31 10/19/2005 12/1/2005 11/1/2035 227 854.04 10/19/2005 12/1/2005 11/1/2035 228 2292.98 10/7/2005 12/1/2005 11/1/2035 229 611.71 10/13/2005 12/1/2005 11/1/2035 230 1406.25 10/14/2005 12/1/2005 11/1/2035 231 442.42 10/11/2005 12/1/2005 11/1/2035 232 2691.2 10/17/2005 12/1/2005 11/1/2035 233 687.33 10/18/2005 12/1/2005 11/1/2035 234 882.9 10/13/2005 12/1/2005 11/1/2035 235 2319.17 10/14/2005 12/1/2005 11/1/2035 236 5250 10/17/2005 12/1/2005 11/1/2035 237 1927.21 10/17/2005 12/1/2005 11/1/2035 238 2287.03 10/24/2005 12/1/2005 11/1/2035 239 1562.5 10/14/2005 12/1/2005 11/1/2035 240 1726.89 10/24/2005 12/1/2005 11/1/2035 241 1428 10/14/2005 12/1/2005 11/1/2035 242 1225.34 10/12/2005 12/1/2005 11/1/2035 243 2049.9 10/18/2005 12/1/2005 11/1/2035 244 6871.69 10/19/2005 12/1/2005 11/1/2035 245 731.8 10/20/2005 12/1/2005 11/1/2035 246 2575.31 10/13/2005 12/1/2005 11/1/2035 247 168.31 10/19/2005 12/1/2005 11/1/2015 248 732.92 10/28/2005 12/1/2005 11/1/2035 249 255.26 10/25/2005 12/1/2005 11/1/2020 250 1226.88 10/28/2005 12/1/2005 11/1/2035 251 2426.67 10/11/2005 12/1/2005 11/1/2035 252 854.04 10/12/2005 12/1/2005 11/1/2035 253 2064.61 10/17/2005 12/1/2005 11/1/2035 254 573.7 10/18/2005 12/1/2005 11/1/2035 255 618.37 10/14/2005 12/1/2005 11/1/2035 256 1159.74 10/12/2005 12/1/2005 11/1/2035 257 825.83 10/13/2005 12/1/2005 11/1/2035 258 580.71 10/14/2005 12/1/2005 11/1/2035 259 1684.67 10/13/2005 12/1/2005 11/1/2035 260 1314.18 10/18/2005 12/1/2005 11/1/2035 261 365.11 10/12/2005 12/1/2005 11/1/2035 262 665.4 10/18/2005 12/1/2005 11/1/2035 263 565.59 10/14/2005 12/1/2005 11/1/2035 264 794.34 10/28/2005 12/1/2005 11/1/2035 265 396.06 10/19/2005 12/1/2005 11/1/2035 266 1248.8 10/21/2005 12/1/2005 11/1/2035 267 2030.05 10/25/2005 12/1/2005 11/1/2035 268 1088.83 10/19/2005 12/1/2005 11/1/2035 269 1325.09 10/21/2005 12/1/2005 11/1/2035 270 2093.72 10/24/2005 12/1/2005 11/1/2035 271 549.86 10/28/2005 12/1/2005 11/1/2035 272 510.37 10/14/2005 12/1/2005 11/1/2035 273 1451.68 10/28/2005 12/1/2005 11/1/2035 274 394.15 10/13/2005 12/1/2005 11/1/2035 275 4271.76 10/18/2005 12/1/2005 11/1/2035 276 774.28 10/19/2005 12/1/2005 11/1/2035 277 274.99 10/28/2005 12/1/2005 11/1/2035 278 1017.24 10/13/2005 12/1/2005 11/1/2035 279 1205.68 10/18/2005 12/1/2005 11/1/2035 280 78.88 10/17/2005 12/1/2005 11/1/2015 281 666.66 10/14/2005 12/1/2005 11/1/2035 282 719.01 10/28/2005 12/1/2005 11/1/2035 283 710.41 10/20/2005 12/1/2005 11/1/2035 284 761.25 10/11/2005 12/1/2005 11/1/2035 285 238.62 10/26/2005 12/1/2005 11/1/2010 286 2337.5 10/14/2005 12/1/2005 11/1/2035 287 410.04 10/17/2005 12/1/2005 11/1/2035 288 3409.56 10/19/2005 12/1/2005 11/1/2035 289 87.53 10/21/2005 12/1/2005 11/1/2015 290 852.61 10/17/2005 12/1/2005 11/1/2035 291 5051.83 10/25/2005 12/1/2005 11/1/2035 292 1317.95 10/18/2005 12/1/2005 11/1/2035 293 1862.12 10/21/2005 12/1/2005 11/1/2035 294 1034.26 10/19/2005 12/1/2005 11/1/2035 295 2226.98 10/21/2005 12/1/2005 11/1/2035 296 1666.67 10/19/2005 12/1/2005 11/1/2035 297 961.15 10/21/2005 12/1/2005 11/1/2035 298 2163.85 10/27/2005 12/1/2005 11/1/2035 299 710.41 10/14/2005 12/1/2005 11/1/2035 300 1500.79 10/21/2005 12/1/2005 11/1/2035 301 233.24 10/25/2005 12/1/2005 11/1/2035 302 1661.58 10/21/2005 12/1/2005 11/1/2035 303 1954.02 10/19/2005 12/1/2005 11/1/2035 304 2513.33 10/18/2005 12/1/2005 11/1/2035 305 1119.83 10/24/2005 12/1/2005 11/1/2035 306 837.38 10/21/2005 12/1/2005 11/1/2035 307 996.62 10/18/2005 12/1/2005 11/1/2035 308 311.76 10/21/2005 12/1/2005 11/1/2035 309 627.41 10/25/2005 12/1/2005 11/1/2035 310 974.73 10/18/2005 12/1/2005 11/1/2035 311 800.4 10/20/2005 12/1/2005 11/1/2035 312 748.82 10/21/2005 12/1/2005 11/1/2035 313 682.45 10/17/2005 12/1/2005 11/1/2035 314 2235.21 10/18/2005 12/1/2005 11/1/2035 315 1093.12 10/18/2005 12/1/2005 11/1/2035 316 952.24 10/18/2005 12/1/2005 11/1/2035 317 512.83 10/27/2005 12/1/2005 11/1/2035 318 559.65 10/21/2005 12/1/2005 11/1/2035 319 748.44 10/18/2005 12/1/2005 11/1/2035 320 1605.46 10/26/2005 12/1/2005 11/1/2035 321 3269.68 10/25/2005 12/1/2005 11/1/2035 322 2206.37 10/26/2005 12/1/2005 11/1/2035 323 1080 10/26/2005 12/1/2005 11/1/2035 324 1195.08 10/26/2005 12/1/2005 11/1/2035 325 1802.36 10/24/2005 12/1/2005 11/1/2035 326 1109.83 10/20/2005 12/1/2005 11/1/2035 327 1060.97 10/24/2005 12/1/2005 11/1/2035 328 440.14 10/21/2005 12/1/2005 11/1/2035 329 1086.58 10/20/2005 12/1/2005 11/1/2035 330 821.76 10/26/2005 12/1/2005 11/1/2020 331 420.88 10/26/2005 12/1/2005 11/1/2035 332 489.33 10/26/2005 12/1/2005 11/1/2035 333 4039.57 10/25/2005 12/1/2005 11/1/2035 334 628.42 10/27/2005 12/1/2005 11/1/2035 335 665.94 10/25/2005 12/1/2005 11/1/2035 336 649.92 10/28/2005 12/1/2005 11/1/2035 337 1073.95 10/24/2005 12/1/2005 11/1/2035 338 970.76 10/24/2005 12/1/2005 11/1/2035 339 440.83 10/21/2005 12/1/2005 11/1/2035 340 4395.5 10/24/2005 12/1/2005 11/1/2035 341 610.97 10/21/2005 12/1/2005 11/1/2035 342 1540.83 10/21/2005 12/1/2005 11/1/2035 343 1150 10/24/2005 12/1/2005 11/1/2035 344 1263.21 10/24/2005 12/1/2005 11/1/2035 345 1977.03 10/21/2005 12/1/2005 11/1/2035 346 279.71 9/27/2005 12/1/2005 11/1/2035 347 601.83 10/24/2005 12/1/2005 11/1/2035 348 2187.4 9/26/2005 11/1/2005 10/1/2035 349 945.2 10/13/2005 12/1/2005 11/1/2035 350 959.93 10/13/2005 12/1/2005 11/1/2035 351 497.89 9/30/2005 11/1/2005 10/1/2035 352 241.18 10/21/2005 12/1/2005 11/1/2035 353 572.38 10/21/2005 12/1/2005 11/1/2035 354 109.36 10/11/2005 12/1/2005 11/1/2015 355 736.42 10/11/2005 12/1/2005 11/1/2035 356 166.8 10/19/2005 12/1/2005 11/1/2010 357 2563.62 10/20/2005 12/1/2005 11/1/2035 358 576.86 10/27/2005 12/1/2005 11/1/2035 359 1084.45 10/21/2005 12/1/2005 11/1/2035 360 200.98 10/28/2005 12/1/2005 11/1/2035 361 1964.92 10/13/2005 12/1/2005 11/1/2035 362 263.25 10/21/2005 12/1/2005 11/1/2035 363 706.68 10/21/2005 12/1/2005 11/1/2035 364 1403.05 10/26/2005 12/1/2005 11/1/2035 365 713.71 10/12/2005 12/1/2005 11/1/2035 366 645.28 10/28/2005 12/1/2005 11/1/2035 367 94.57 10/14/2005 12/1/2005 11/1/2015 368 264.43 10/11/2005 12/1/2005 11/1/2035 369 473.14 10/27/2005 12/1/2005 11/1/2035 370 1096.19 10/11/2005 12/1/2005 11/1/2035 371 391.14 10/11/2005 12/1/2005 11/1/2035 372 597 10/17/2005 12/1/2005 11/1/2035 373 454.85 10/20/2005 12/1/2005 11/1/2035 374 1376.4 10/20/2005 12/1/2005 11/1/2035 375 214.7 10/13/2005 12/1/2005 11/1/2020 376 306.44 10/22/2005 12/1/2005 11/1/2035 377 1070.06 10/14/2005 12/1/2005 11/1/2035 378 117.39 10/14/2005 12/1/2005 11/1/2015 379 173.7 10/27/2005 12/1/2005 11/1/2020 380 3057.31 10/20/2005 12/1/2005 11/1/2035 381 838.05 10/20/2005 12/1/2005 11/1/2035 382 339.71 10/14/2005 12/1/2005 11/1/2035 383 891.36 10/20/2005 12/1/2005 11/1/2035 384 648.88 10/12/2005 12/1/2005 11/1/2035 385 771.75 10/14/2005 12/1/2005 11/1/2035 386 400.97 10/18/2005 12/1/2005 11/1/2035 387 1606.33 10/24/2005 12/1/2005 11/1/2035 388 354.54 10/7/2005 12/1/2005 11/1/2035 389 698.95 10/14/2005 12/1/2005 11/1/2035 390 251.1 10/26/2005 12/1/2005 11/1/2020 391 241.9 10/12/2005 12/1/2005 11/1/2035 392 1542.75 10/17/2005 12/1/2005 11/1/2035 393 559.38 10/24/2005 12/1/2005 11/1/2035 394 1035.82 10/21/2005 12/1/2005 11/1/2035 395 1895.9 10/17/2005 12/1/2005 11/1/2035 396 321.56 10/20/2005 12/1/2005 11/1/2035 397 1663.68 10/13/2005 12/1/2005 11/1/2035 398 596.85 10/28/2005 12/1/2005 11/1/2035 399 157.36 10/12/2005 12/1/2005 11/1/2015 400 1333.68 10/13/2005 12/1/2005 11/1/2035 401 222.83 10/27/2005 12/1/2005 11/1/2035 402 846.71 10/24/2005 12/1/2005 11/1/2035 403 458.79 10/27/2005 12/1/2005 11/1/2035 404 1090.36 10/13/2005 12/1/2005 11/1/2035 405 435.82 10/25/2005 12/1/2005 11/1/2035 406 173.6 10/21/2005 12/1/2005 11/1/2015 407 1256.02 10/20/2005 12/1/2005 11/1/2035 408 611.52 10/21/2005 12/1/2005 11/1/2035 409 524.14 10/20/2005 12/1/2005 11/1/2020 410 988.84 10/20/2005 12/1/2005 11/1/2035 411 313.91 10/21/2005 12/1/2005 11/1/2035 412 340.73 10/10/2005 12/1/2005 11/1/2035 413 1903.02 10/14/2005 12/1/2005 11/1/2035 414 927.03 10/28/2005 12/1/2005 11/1/2035 415 2205.24 10/18/2005 12/1/2005 11/1/2035 416 1114 10/14/2005 12/1/2005 11/1/2035 417 1369.12 10/14/2005 12/1/2005 11/1/2035 418 692.3 10/19/2005 12/1/2005 11/1/2035 419 1151.28 10/20/2005 12/1/2005 11/1/2035 420 341.39 10/28/2005 12/1/2005 11/1/2035 421 116.53 10/21/2005 12/1/2005 11/1/2020 422 1457.8 10/20/2005 12/1/2005 11/1/2035 423 1262.8 10/14/2005 12/1/2005 11/1/2035 424 319.17 10/14/2005 12/1/2005 11/1/2035 425 471.8 10/27/2005 12/1/2005 11/1/2035 426 1356.39 10/21/2005 12/1/2005 11/1/2035 427 168.62 10/27/2005 12/1/2005 11/1/2020 428 245.2 10/17/2005 12/1/2005 11/1/2035 429 286.73 10/28/2005 12/1/2005 11/1/2035 430 1049.76 10/21/2005 12/1/2005 11/1/2035 431 132.95 10/17/2005 12/1/2005 11/1/2015 432 2026.6 10/19/2005 12/1/2005 11/1/2035 433 657.63 10/14/2005 12/1/2005 11/1/2035 434 191.21 10/19/2005 12/1/2005 11/1/2015 435 4469.86 10/21/2005 12/1/2005 11/1/2035 436 143.11 10/26/2005 12/1/2005 11/1/2015 437 138.71 10/21/2005 12/1/2005 11/1/2015 438 1163.5 10/21/2005 12/1/2005 11/1/2035 439 2689.52 10/24/2005 12/1/2005 11/1/2035 440 907.27 10/19/2005 12/1/2005 11/1/2035 441 1358.5 10/20/2005 12/1/2005 11/1/2035 442 177.85 10/19/2005 12/1/2005 11/1/2015 443 620.7 10/20/2005 12/1/2005 11/1/2035 444 115.62 10/18/2005 12/1/2005 11/1/2015 445 266.05 10/17/2005 12/1/2005 11/1/2035 446 846.25 10/18/2005 12/1/2005 11/1/2035 447 621.57 10/14/2005 12/1/2005 11/1/2035 448 799.32 10/17/2005 12/1/2005 11/1/2035 449 741.38 10/20/2005 12/1/2005 11/1/2035 450 4740.52 10/18/2005 12/1/2005 11/1/2035 451 388.33 10/21/2005 12/1/2005 11/1/2035 452 4461.2 10/25/2005 12/1/2005 11/1/2035 453 347.51 10/21/2005 12/1/2005 11/1/2035 454 848.12 10/24/2005 12/1/2005 11/1/2035 455 566.56 10/17/2005 12/1/2005 11/1/2035 456 639.4 10/25/2005 12/1/2005 11/1/2035 457 1053.83 10/25/2005 12/1/2005 11/1/2035 458 870.2 10/17/2005 12/1/2005 11/1/2035 459 254.04 10/12/2005 12/1/2005 11/1/2035 460 339.79 10/21/2005 12/1/2005 11/1/2035 461 782.32 10/25/2005 12/1/2005 11/1/2035 462 460.96 10/21/2005 12/1/2005 11/1/2035 463 257.77 10/25/2005 12/1/2005 11/1/2020 464 1182.85 10/21/2005 12/1/2005 11/1/2035 465 398.03 10/25/2005 12/1/2005 11/1/2025 466 834.58 10/18/2005 12/1/2005 11/1/2035 467 1162.89 10/24/2005 12/1/2005 11/1/2035 468 1209.63 10/21/2005 12/1/2005 11/1/2035 469 935.3 10/26/2005 12/1/2005 11/1/2035 470 305.14 10/18/2005 12/1/2005 11/1/2035 471 250.08 10/25/2005 12/1/2005 11/1/2035 472 1697.09 10/21/2005 12/1/2005 11/1/2035 473 946.17 10/24/2005 12/1/2005 11/1/2035 474 1031.98 10/26/2005 12/1/2005 11/1/2035 475 809.12 10/18/2005 12/1/2005 11/1/2035 476 1414.87 10/14/2005 12/1/2005 11/1/2035 477 494.43 10/14/2005 12/1/2005 11/1/2035 478 272.37 10/18/2005 12/1/2005 11/1/2035 479 201.07 10/21/2005 12/1/2005 11/1/2020 480 1055.62 10/21/2005 12/1/2005 11/1/2035 481 1435.84 10/21/2005 12/1/2005 11/1/2035 482 286.58 10/13/2005 12/1/2005 11/1/2035 483 830.21 10/28/2005 12/1/2005 11/1/2035 484 1935.77 10/19/2005 12/1/2005 11/1/2035 485 988.37 10/21/2005 12/1/2005 11/1/2035 486 1151.45 10/21/2005 12/1/2005 11/1/2035 487 1680 10/21/2005 12/1/2005 11/1/2035 488 2821.71 10/19/2005 12/1/2005 11/1/2035 489 578.82 10/21/2005 12/1/2005 11/1/2035 490 1491.22 10/26/2005 12/1/2005 11/1/2035 491 304.75 10/28/2005 12/1/2005 11/1/2035 492 2284.64 10/24/2005 12/1/2005 11/1/2035 493 1188 10/21/2005 12/1/2005 11/1/2035 494 323.11 10/21/2005 12/1/2005 11/1/2035 495 215.16 10/25/2005 12/1/2005 11/1/2020 496 298.13 10/21/2005 12/1/2005 11/1/2035 497 1194.09 10/27/2005 12/1/2005 11/1/2035 498 1158.33 10/18/2005 12/1/2005 11/1/2035 499 1253.28 10/20/2005 12/1/2005 11/1/2035 500 315.93 10/21/2005 12/1/2005 11/1/2035 501 2937.08 10/20/2005 12/1/2005 11/1/2035 502 243.31 10/14/2005 12/1/2005 11/1/2020 503 301.1 10/19/2005 12/1/2005 11/1/2035 504 1509.12 10/26/2005 12/1/2005 11/1/2035 505 165.7 10/28/2005 12/1/2005 11/1/2020 506 913.47 10/24/2005 12/1/2005 11/1/2035 507 1737.5 10/20/2005 12/1/2005 11/1/2035 508 355.33 10/24/2005 12/1/2005 11/1/2035 509 870.61 10/27/2005 12/1/2005 11/1/2035 510 337.25 10/27/2005 12/1/2005 11/1/2035 511 457.37 10/18/2005 12/1/2005 11/1/2035 512 240.24 10/20/2005 12/1/2005 11/1/2020 513 561.89 10/26/2005 12/1/2005 11/1/2035 514 741.48 10/18/2005 12/1/2005 11/1/2035 515 956.55 10/19/2005 12/1/2005 11/1/2035 516 209.02 10/18/2005 12/1/2005 11/1/2035 517 417.87 10/20/2005 12/1/2005 11/1/2035 518 1036.62 10/21/2005 12/1/2005 11/1/2035 519 1661.58 10/26/2005 12/1/2005 11/1/2035 520 1226.22 10/24/2005 12/1/2005 11/1/2035 521 506.24 10/21/2005 12/1/2005 11/1/2035 522 149.44 10/21/2005 12/1/2005 11/1/2020 523 876.34 10/19/2005 12/1/2005 11/1/2035 524 573.51 10/31/2005 12/1/2005 11/1/2035 525 638.7 10/20/2005 12/1/2005 11/1/2035 526 727.2 10/21/2005 12/1/2005 11/1/2035 527 80.75 10/28/2005 12/1/2005 11/1/2015 528 1756.06 10/24/2005 12/1/2005 11/1/2035 529 1037.46 10/21/2005 12/1/2005 11/1/2035 530 336.78 10/21/2005 12/1/2005 11/1/2035 531 476.15 10/21/2005 12/1/2005 11/1/2035 532 1673.76 10/28/2005 12/1/2005 11/1/2035 533 1526.92 10/20/2005 12/1/2005 11/1/2035 534 661.58 10/21/2005 12/1/2005 11/1/2035 535 1140.73 10/24/2005 12/1/2005 11/1/2035 536 719.37 10/27/2005 12/1/2005 11/1/2035 537 630.75 10/20/2005 12/1/2005 11/1/2035 538 247.41 10/27/2005 12/1/2005 11/1/2035 539 402.36 10/28/2005 12/1/2005 11/1/2035 540 100.18 10/21/2005 12/1/2005 11/1/2015 541 2283.77 10/20/2005 12/1/2005 11/1/2035 542 271.74 10/19/2005 12/1/2005 11/1/2015 543 223.82 10/27/2005 12/1/2005 11/1/2035 544 667.65 10/21/2005 12/1/2005 11/1/2035 545 496.72 10/17/2005 12/1/2005 11/1/2035 546 141.3 10/28/2005 12/1/2005 11/1/2015 547 271.75 10/21/2005 12/1/2005 11/1/2020 548 107.21 10/26/2005 12/1/2005 11/1/2015 549 1516.67 10/24/2005 12/1/2005 11/1/2035 550 1288.15 10/24/2005 12/1/2005 11/1/2035 551 291.34 10/21/2005 12/1/2005 11/1/2035 552 279.77 10/28/2005 12/1/2005 11/1/2035 553 420.31 10/24/2005 12/1/2005 11/1/2035 554 1863.03 10/25/2005 12/1/2005 11/1/2035 555 1977.01 10/25/2005 12/1/2005 11/1/2035 556 815.17 10/26/2005 12/1/2005 11/1/2035 557 280.59 10/25/2005 12/1/2005 11/1/2035 558 515.71 10/27/2005 12/1/2005 11/1/2035 559 620.02 10/20/2005 12/1/2005 11/1/2035 560 217.16 10/27/2005 12/1/2005 11/1/2020 561 181.15 10/27/2005 12/1/2005 11/1/2015 562 1569.34 10/19/2005 12/1/2005 11/1/2035 563 1297.72 10/24/2005 12/1/2005 11/1/2035 564 262.58 10/21/2005 12/1/2005 11/1/2020 565 709.61 10/27/2005 12/1/2005 11/1/2035 566 223.4 10/27/2005 12/1/2005 11/1/2035 567 1130.67 10/28/2005 12/1/2005 11/1/2035 568 946.28 10/28/2005 12/1/2005 11/1/2035 569 981.92 10/28/2005 12/1/2005 11/1/2035 570 355.28 10/28/2005 12/1/2005 11/1/2035 571 971.16 10/26/2005 12/1/2005 11/1/2035 572 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11/1/2035 596 227.2 10/28/2005 12/1/2005 11/1/2020 597 514.34 10/21/2005 12/1/2005 11/1/2035 598 99.39 10/27/2005 12/1/2005 11/1/2015 599 593.6 10/28/2005 12/1/2005 11/1/2035 600 457.71 10/31/2005 12/1/2005 11/1/2035 601 231.93 10/28/2005 12/1/2005 11/1/2020 602 686.72 10/27/2005 12/1/2005 11/1/2035 603 1438.91 10/31/2005 12/1/2005 11/1/2035 604 847.13 10/13/2005 12/1/2005 11/1/2035 605 75.36 10/3/2005 11/1/2005 10/1/2015 606 406.83 10/5/2005 11/1/2005 10/1/2035 607 828.8 9/30/2005 12/1/2005 11/1/2035 608 265.82 10/13/2005 12/1/2005 11/1/2035 609 950.23 10/4/2005 11/1/2005 10/1/2035 610 967.53 10/17/2005 12/1/2005 11/1/2035 611 1433.12 10/13/2005 12/1/2005 11/1/2035 612 1376.02 10/7/2005 12/1/2005 11/1/2035 613 875.33 10/6/2005 12/1/2005 11/1/2035 614 1110.44 10/3/2005 12/1/2005 11/1/2035 615 1118.48 10/5/2005 11/1/2005 10/1/2035 616 1660.53 10/6/2005 12/1/2005 11/1/2035 617 280.08 9/30/2005 12/1/2005 11/1/2035 618 563.29 10/14/2005 12/1/2005 11/1/2035 619 970.2 10/12/2005 12/1/2005 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11/1/2035 644 256.47 10/12/2005 12/1/2005 11/1/2035 645 783.27 10/7/2005 12/1/2005 11/1/2035 646 1295.9 10/12/2005 12/1/2005 11/1/2035 647 1621.5 10/5/2005 12/1/2005 11/1/2035 648 1112.19 10/13/2005 12/1/2005 11/1/2035 649 1896.13 10/7/2005 12/1/2005 11/1/2035 650 607.5 10/6/2005 12/1/2005 11/1/2035 651 1047.91 10/11/2005 12/1/2005 11/1/2035 652 1529.49 10/3/2005 12/1/2005 11/1/2035 653 1328.42 10/14/2005 12/1/2005 11/1/2035 654 2020.59 10/4/2005 12/1/2005 11/1/2035 655 2594.84 10/12/2005 12/1/2005 11/1/2035 656 1929.86 9/29/2005 11/1/2005 10/1/2035 657 987.87 10/5/2005 12/1/2005 11/1/2035 658 828.8 10/5/2005 12/1/2005 11/1/2035 659 873.17 9/27/2005 11/1/2005 10/1/2035 660 665.46 10/4/2005 12/1/2005 11/1/2035 661 4668.68 10/7/2005 12/1/2005 11/1/2035 662 252.45 10/5/2005 12/1/2005 11/1/2035 663 626.51 10/7/2005 12/1/2005 11/1/2035 664 433.46 10/14/2005 12/1/2005 11/1/2035 665 961.41 10/26/2005 12/1/2005 11/1/2035 666 668.5 10/19/2005 12/1/2005 11/1/2035 667 1482.34 10/3/2005 11/1/2005 10/1/2035 668 804.34 10/7/2005 12/1/2005 11/1/2035 669 3832.15 9/30/2005 11/1/2005 10/1/2035 670 295.81 10/14/2005 12/1/2005 11/1/2035 671 2489.44 10/11/2005 12/1/2005 11/1/2035 672 1009.63 9/29/2005 11/1/2005 10/1/2035 673 877.58 10/14/2005 12/1/2005 11/1/2035 674 3279.64 9/30/2005 12/1/2005 11/1/2035 675 706.6 9/29/2005 11/1/2005 10/1/2035 676 191.57 10/13/2005 12/1/2005 11/1/2020 677 339.15 9/29/2005 11/1/2005 10/1/2035 678 168.26 10/7/2005 12/1/2005 11/1/2020 679 1053.77 10/3/2005 12/1/2005 11/1/2035 680 2388.68 10/4/2005 12/1/2005 11/1/2035 681 600.78 10/11/2005 12/1/2005 11/1/2035 682 2419.32 10/12/2005 12/1/2005 11/1/2035 683 2347.03 10/6/2005 12/1/2005 11/1/2035 684 1794.95 9/30/2005 11/1/2005 10/1/2035 685 868.83 10/21/2005 12/1/2005 11/1/2035 686 1069.85 10/6/2005 12/1/2005 11/1/2035 687 732.22 9/30/2005 11/1/2005 10/1/2035 688 1894.58 10/3/2005 12/1/2005 11/1/2035 689 296.82 10/14/2005 12/1/2005 11/1/2035 690 730.29 10/19/2005 12/1/2005 11/1/2035 691 658.52 10/3/2005 12/1/2005 11/1/2035 692 1736.01 10/11/2005 12/1/2005 11/1/2035 693 1121.32 10/21/2005 12/1/2005 11/1/2035 694 551.18 10/12/2005 12/1/2005 11/1/2035 695 1762.05 10/7/2005 12/1/2005 11/1/2035 696 522.91 10/17/2005 12/1/2005 11/1/2035 697 358.22 10/14/2005 12/1/2005 11/1/2035 698 559.48 10/14/2005 12/1/2005 11/1/2035 699 822.47 10/24/2005 12/1/2005 11/1/2035 700 260.02 10/17/2005 12/1/2005 11/1/2020 701 1053.77 10/5/2005 12/1/2005 11/1/2035 702 274.31 10/7/2005 12/1/2005 11/1/2020 703 1618.5 10/5/2005 12/1/2005 11/1/2035 704 485.81 10/3/2005 11/1/2005 10/1/2035 705 357.26 10/26/2005 12/1/2005 11/1/2035 706 1714.92 10/11/2005 12/1/2005 11/1/2035 707 88.71 10/3/2005 11/1/2005 10/1/2015 708 2550.3 10/14/2005 12/1/2005 11/1/2035 709 471.39 10/10/2005 12/1/2005 11/1/2035 710 777.47 10/4/2005 11/1/2005 10/1/2035 711 723.34 10/20/2005 12/1/2005 11/1/2035 712 755.3 10/7/2005 12/1/2005 11/1/2035 713 1838.63 10/20/2005 12/1/2005 11/1/2035 714 381.69 10/5/2005 12/1/2005 11/1/2035 715 1331.77 10/7/2005 12/1/2005 11/1/2035 716 641.63 10/11/2005 12/1/2005 11/1/2035 717 293.14 10/7/2005 12/1/2005 11/1/2035 718 1612.51 10/17/2005 12/1/2005 11/1/2035 719 1238.84 9/30/2005 11/1/2005 10/1/2035 720 408.98 10/20/2005 12/1/2005 11/1/2035 721 1135.23 10/14/2005 12/1/2005 11/1/2035 722 5425.02 10/18/2005 12/1/2005 11/1/2035 723 247.91 10/7/2005 12/1/2005 11/1/2035 724 1442.25 10/4/2005 12/1/2005 11/1/2035 725 859.12 10/21/2005 12/1/2005 11/1/2035 726 643.15 10/17/2005 12/1/2005 11/1/2035 727 455.73 10/3/2005 11/1/2005 10/1/2035 728 129.71 10/14/2005 12/1/2005 11/1/2015 729 1864.13 9/30/2005 11/1/2005 10/1/2035 730 665.38 10/7/2005 12/1/2005 11/1/2035 731 1474.34 10/6/2005 12/1/2005 11/1/2035 732 286.08 10/17/2005 12/1/2005 11/1/2035 733 1910.74 10/7/2005 12/1/2005 11/1/2035 734 413.26 10/13/2005 12/1/2005 11/1/2035 735 1192.9 10/26/2005 12/1/2005 11/1/2035 736 218.1 10/3/2005 11/1/2005 10/1/2015 737 2971.79 10/6/2005 12/1/2005 11/1/2035 738 1618.5 10/7/2005 12/1/2005 11/1/2035 739 732.01 10/7/2005 12/1/2005 11/1/2035 740 308.87 10/21/2005 12/1/2005 11/1/2035 741 138.86 10/17/2005 12/1/2005 11/1/2020 742 814.55 10/14/2005 12/1/2005 11/1/2035 743 1485.7 10/6/2005 12/1/2005 11/1/2035 744 327.75 10/12/2005 12/1/2005 11/1/2035 745 263.27 10/4/2005 11/1/2005 10/1/2035 746 299.76 9/30/2005 11/1/2005 10/1/2020 747 1111.13 10/13/2005 12/1/2005 11/1/2035 748 295.81 10/11/2005 12/1/2005 11/1/2035 749 683.06 10/14/2005 12/1/2005 11/1/2035 750 1263.39 10/13/2005 12/1/2005 11/1/2035 751 94.2 10/13/2005 12/1/2005 11/1/2015 752 1427.56 10/11/2005 12/1/2005 11/1/2035 753 261.39 10/14/2005 12/1/2005 11/1/2035 754 367.03 10/6/2005 12/1/2005 11/1/2035 755 478.21 10/12/2005 12/1/2005 11/1/2035 756 993.53 10/5/2005 12/1/2005 11/1/2035 757 952.05 10/6/2005 12/1/2005 11/1/2035 758 428.98 10/7/2005 12/1/2005 11/1/2035 759 935.84 10/10/2005 12/1/2005 11/1/2035 760 2218.55 10/5/2005 11/1/2005 10/1/2035 761 1156.36 10/11/2005 12/1/2005 11/1/2035 762 717.69 10/5/2005 12/1/2005 11/1/2035 763 831.94 10/5/2005 12/1/2005 11/1/2035 764 1386 10/19/2005 12/1/2005 11/1/2035 765 482.54 10/14/2005 12/1/2005 11/1/2035 766 1497.05 10/12/2005 12/1/2005 11/1/2035 767 1334.67 10/7/2005 12/1/2005 11/1/2035 768 1608.68 10/11/2005 12/1/2005 11/1/2035 769 1384.6 10/19/2005 12/1/2005 11/1/2035 770 589.77 10/19/2005 12/1/2005 11/1/2035 771 1133.82 10/12/2005 12/1/2005 11/1/2035 772 817.34 10/12/2005 12/1/2005 11/1/2035 773 372.15 10/12/2005 12/1/2005 11/1/2035 774 1718.08 10/7/2005 12/1/2005 11/1/2035 775 627.82 10/6/2005 12/1/2005 11/1/2035 776 864.95 10/18/2005 12/1/2005 11/1/2035 777 529.8 10/11/2005 12/1/2005 11/1/2035 778 1566.27 10/13/2005 12/1/2005 11/1/2035 779 667.95 10/7/2005 11/1/2005 10/1/2035 780 1305.51 9/12/2005 10/1/2005 9/1/2035 781 438.07 9/12/2005 10/1/2005 9/1/2020 782 756.86 9/12/2005 10/1/2005 9/1/2020 783 874.32 9/12/2005 10/1/2005 9/1/2020 784 584.18 9/19/2005 11/1/2005 10/1/2035 785 320.82 10/4/2005 12/1/2005 11/1/2035 786 3008.94 9/26/2005 11/1/2005 10/1/2035 787 757.27 10/3/2005 12/1/2005 11/1/2035 788 633.23 10/14/2005 12/1/2005 11/1/2035 789 319.17 10/26/2005 12/1/2005 11/1/2035 790 367.07 8/1/2005 10/1/2005 9/1/2035 791 373.42 10/20/2005 12/1/2005 11/1/2035 792 261.02 10/27/2005 12/1/2005 11/1/2025 793 306.56 10/14/2005 12/1/2005 11/1/2035 794 1026.95 10/14/2005 12/1/2005 11/1/2035 795 1096.58 10/7/2005 12/1/2005 11/1/2035 796 199.63 10/19/2005 12/1/2005 11/1/2020 797 250.4 10/7/2005 12/1/2005 11/1/2020 798 638.87 10/12/2005 12/1/2005 11/1/2035 799 368.54 10/7/2005 12/1/2005 11/1/2035 800 1208.55 10/18/2005 12/1/2005 11/1/2035 801 280.24 10/27/2005 12/1/2005 11/1/2035 802 280.54 10/25/2005 12/1/2005 11/1/2035 803 533.72 10/27/2005 12/1/2005 11/1/2020 804 156.56 10/19/2005 12/1/2005 11/1/2015 805 1203.48 10/17/2005 12/1/2005 11/1/2035 806 587.12 10/26/2005 12/1/2005 11/1/2035 807 1730.77 10/18/2005 12/1/2005 11/1/2035 808 1132.14 9/27/2005 11/1/2005 10/1/2035 809 3055.66 9/29/2005 12/1/2005 11/1/2035 810 1185.49 10/13/2005 12/1/2005 11/1/2035 811 1525.92 10/17/2005 12/1/2005 11/1/2035 812 1119.07 10/11/2005 12/1/2005 11/1/2035 813 897.31 10/13/2005 12/1/2005 11/1/2035 814 1584.72 10/20/2005 12/1/2005 11/1/2035 815 359.48 10/11/2005 12/1/2005 11/1/2035 816 463.37 10/17/2005 12/1/2005 11/1/2035 817 470.77 10/11/2005 12/1/2005 11/1/2035 818 1401.26 9/22/2005 11/1/2005 10/1/2015 819 1885.32 9/29/2005 12/1/2005 11/1/2035 820 1076.46 10/14/2005 12/1/2005 11/1/2035 821 1310.66 10/7/2005 12/1/2005 11/1/2035 822 1046.6 10/25/2005 12/1/2005 11/1/2035 823 1085.98 10/18/2005 12/1/2005 11/1/2035 824 703.8 10/7/2005 12/1/2005 11/1/2035 825 1380.3 10/18/2005 12/1/2005 11/1/2035 826 1540.72 10/26/2005 12/1/2005 11/1/2035 827 2021.74 10/14/2005 12/1/2005 11/1/2035 828 429.4 10/13/2005 12/1/2005 11/1/2035 829 358.44 10/18/2005 12/1/2005 11/1/2035 830 532.14 10/20/2005 12/1/2005 11/1/2035 831 924.38 10/17/2005 12/1/2005 11/1/2035 832 343.52 10/25/2005 12/1/2005 11/1/2035 833 917.2 10/14/2005 12/1/2005 11/1/2035 834 310.12 10/21/2005 12/1/2005 11/1/2035 835 222.42 10/11/2005 12/1/2005 11/1/2015 836 1009.68 10/11/2005 12/1/2005 11/1/2035 837 996.33 10/10/2005 12/1/2005 11/1/2035 838 1278.21 10/14/2005 12/1/2005 11/1/2035 839 2530.56 10/14/2005 12/1/2005 11/1/2035 840 3738.65 10/7/2005 12/1/2005 11/1/2035 841 93.22 10/14/2005 12/1/2005 11/1/2015 842 159.42 10/7/2005 12/1/2005 11/1/2015 843 705.94 10/18/2005 12/1/2005 11/1/2035 844 577.35 10/11/2005 12/1/2005 11/1/2035 845 669.14 10/21/2005 12/1/2005 11/1/2035 846 3065.57 10/14/2005 12/1/2005 11/1/2035 847 1303.76 10/20/2005 12/1/2005 11/1/2035 848 3072.48 10/10/2005 12/1/2005 11/1/2035 849 214.33 10/21/2005 12/1/2005 11/1/2020 850 1224.6 10/14/2005 12/1/2005 11/1/2035 851 2715.16 10/20/2005 12/1/2005 11/1/2035 852 2683.13 10/26/2005 12/1/2005 11/1/2035 853 504.03 10/19/2005 12/1/2005 11/1/2035 854 1095.44 10/24/2005 12/1/2005 11/1/2035 855 2954.23 10/17/2005 12/1/2005 11/1/2035 856 1015.23 10/18/2005 12/1/2005 11/1/2035 857 404.59 10/12/2005 12/1/2005 11/1/2035 858 923.02 10/17/2005 12/1/2005 11/1/2035 859 990.81 10/18/2005 12/1/2005 11/1/2035 860 1758.2 10/12/2005 12/1/2005 11/1/2035 861 1214.89 10/20/2005 12/1/2005 11/1/2035 862 838.54 10/20/2005 12/1/2005 11/1/2035 863 200.69 10/12/2005 12/1/2005 11/1/2020 864 278.64 10/20/2005 12/1/2005 11/1/2035 865 274.2 10/21/2005 12/1/2005 11/1/2020 866 1089.35 10/12/2005 12/1/2005 11/1/2035 867 924.1 10/26/2005 12/1/2005 11/1/2035 868 262.91 10/13/2005 12/1/2005 11/1/2035 869 1040.38 10/13/2005 12/1/2005 11/1/2035 870 1018.19 10/18/2005 12/1/2005 11/1/2035 871 1085.8 10/7/2005 12/1/2005 11/1/2035 872 403.31 10/14/2005 12/1/2005 11/1/2035 873 156.04 10/21/2005 12/1/2005 11/1/2010 874 765 10/12/2005 12/1/2005 11/1/2035 875 1061.77 10/20/2005 12/1/2005 11/1/2035 876 1760.6 10/21/2005 12/1/2005 11/1/2035 877 341.73 10/13/2005 12/1/2005 11/1/2035 878 854.11 10/14/2005 12/1/2005 11/1/2035 879 941.16 10/19/2005 12/1/2005 11/1/2035 880 1223.87 10/19/2005 12/1/2005 11/1/2035 881 729.96 10/14/2005 12/1/2005 11/1/2035 882 1793.88 10/18/2005 12/1/2005 11/1/2035 883 879.86 10/17/2005 12/1/2005 11/1/2035 884 641.84 10/19/2005 12/1/2005 11/1/2035 885 804 10/14/2005 12/1/2005 11/1/2035 886 1553.05 10/10/2005 12/1/2005 11/1/2035 887 296.82 10/14/2005 12/1/2005 11/1/2035 888 854 10/13/2005 12/1/2005 11/1/2035 889 296.12 10/20/2005 12/1/2005 11/1/2035 890 152.14 10/19/2005 12/1/2005 11/1/2020 891 652.02 9/26/2005 11/1/2005 10/1/2035 892 769.97 10/21/2005 12/1/2005 11/1/2035 893 291.35 10/24/2005 12/1/2005 11/1/2035 894 2345.3 10/24/2005 12/1/2005 11/1/2035 895 951.03 10/20/2005 12/1/2005 11/1/2035 896 237.57 10/21/2005 12/1/2005 11/1/2035 897 90.58 10/24/2005 12/1/2005 11/1/2015 898 553.26 10/27/2005 12/1/2005 11/1/2035 899 868.35 10/5/2005 12/1/2005 11/1/2035 900 662.24 10/12/2005 12/1/2005 11/1/2035 901 184.57 10/17/2005 12/1/2005 11/1/2010 902 577.15 10/21/2005 12/1/2005 11/1/2035 903 449.77 10/24/2005 12/1/2005 11/1/2035 904 190.75 10/19/2005 12/1/2005 11/1/2015 905 1027.15 10/17/2005 12/1/2005 11/1/2035 906 447.23 10/19/2005 12/1/2005 11/1/2035 907 904.76 10/21/2005 12/1/2005 11/1/2035 908 1216.66 10/25/2005 12/1/2005 11/1/2035 909 5244.11 10/20/2005 12/1/2005 11/1/2035 910 2054.84 10/14/2005 12/1/2005 11/1/2035 911 110.14 10/18/2005 12/1/2005 11/1/2015 912 768.89 10/21/2005 12/1/2005 11/1/2035 913 766.49 10/14/2005 12/1/2005 11/1/2035 914 1332.21 10/18/2005 12/1/2005 11/1/2035 915 254.11 10/14/2005 12/1/2005 11/1/2035 916 997.96 10/18/2005 12/1/2005 11/1/2035 917 981.19 10/21/2005 12/1/2005 11/1/2035 918 1049.09 10/18/2005 12/1/2005 11/1/2035 919 292.91 10/21/2005 12/1/2005 11/1/2035 920 1043.09 10/21/2005 12/1/2005 11/1/2035 921 524.73 10/26/2005 12/1/2005 11/1/2035 922 499.17 10/18/2005 12/1/2005 11/1/2035 923 682.18 10/24/2005 12/1/2005 11/1/2035 924 1013.86 10/21/2005 12/1/2005 11/1/2035 925 362.61 10/18/2005 12/1/2005 11/1/2035 926 380.13 10/25/2005 12/1/2005 11/1/2035 927 299.92 10/17/2005 12/1/2005 11/1/2035 928 250.93 10/14/2005 12/1/2005 11/1/2035 929 1527.42 10/17/2005 12/1/2005 11/1/2035 930 1106.39 10/25/2005 12/1/2005 11/1/2035 931 450.18 10/17/2005 12/1/2005 11/1/2035 932 432.07 10/25/2005 12/1/2005 11/1/2035 933 986.68 10/17/2005 12/1/2005 11/1/2035 934 270.73 10/20/2005 12/1/2005 11/1/2020 935 244.84 10/26/2005 12/1/2005 11/1/2035 936 1283.1 10/17/2005 12/1/2005 11/1/2035 937 3014.2 10/27/2005 12/1/2005 11/1/2035 938 142.7 10/25/2005 12/1/2005 11/1/2020 939 1072.8 10/13/2005 12/1/2005 11/1/2035 940 883.65 10/13/2005 12/1/2005 11/1/2035 941 1200.11 10/19/2005 12/1/2005 11/1/2035 942 857.45 10/24/2005 12/1/2005 11/1/2035 943 338.87 10/13/2005 12/1/2005 11/1/2035 944 798.7 10/19/2005 12/1/2005 11/1/2035 945 2503.4 10/26/2005 12/1/2005 11/1/2035 946 274.82 10/24/2005 12/1/2005 11/1/2035 947 238.56 10/24/2005 12/1/2005 11/1/2035 948 332.78 10/19/2005 12/1/2005 11/1/2035 949 314.9 10/17/2005 12/1/2005 11/1/2035 950 1888.09 10/21/2005 12/1/2005 11/1/2035 951 804.97 10/19/2005 12/1/2005 11/1/2035 952 962.44 10/19/2005 12/1/2005 11/1/2035 953 775.66 10/24/2005 12/1/2005 11/1/2035 954 286.39 10/21/2005 12/1/2005 11/1/2035 955 257.57 10/25/2005 12/1/2005 11/1/2035 956 784.46 10/25/2005 12/1/2005 11/1/2035 957 1307.67 10/18/2005 12/1/2005 11/1/2035 958 1640.55 10/21/2005 12/1/2005 11/1/2035 959 427.94 10/27/2005 12/1/2005 11/1/2035 960 304.93 10/19/2005 12/1/2005 11/1/2035 961 1162.89 10/20/2005 12/1/2005 11/1/2035 962 495.34 10/20/2005 12/1/2005 11/1/2035 963 757.9 10/25/2005 12/1/2005 11/1/2035 964 690.67 10/21/2005 12/1/2005 11/1/2035 965 1500.83 10/18/2005 12/1/2005 11/1/2035 966 567.03 10/25/2005 12/1/2005 11/1/2035 967 1443.69 10/20/2005 12/1/2005 11/1/2035 968 662.29 10/21/2005 12/1/2005 11/1/2035 969 1626.33 10/14/2005 12/1/2005 11/1/2035 970 442.01 10/18/2005 12/1/2005 11/1/2035 971 1489.36 10/19/2005 12/1/2005 11/1/2035 972 905.01 10/27/2005 12/1/2005 11/1/2035 973 722.48 10/31/2005 12/1/2005 11/1/2035 974 262.72 10/20/2005 12/1/2005 11/1/2035 975 1207.92 10/19/2005 12/1/2005 11/1/2035 976 904.96 10/27/2005 12/1/2005 11/1/2035 977 376.37 10/25/2005 12/1/2005 11/1/2035 978 605.92 10/26/2005 12/1/2005 11/1/2035 979 265.73 10/31/2005 12/1/2005 11/1/2035 980 1425.41 10/28/2005 12/1/2005 11/1/2035 981 1304.8 10/21/2005 12/1/2005 11/1/2035 982 233.4 10/21/2005 12/1/2005 11/1/2035 983 802.12 10/28/2005 12/1/2005 11/1/2035 984 1088.38 10/18/2005 12/1/2005 11/1/2035 985 1969.69 10/20/2005 12/1/2005 11/1/2035 986 1142.76 10/17/2005 12/1/2005 11/1/2035 987 526.14 10/20/2005 12/1/2005 11/1/2035 988 309.16 10/27/2005 12/1/2005 11/1/2035 989 558.8 10/21/2005 12/1/2005 11/1/2035 990 903.78 10/24/2005 12/1/2005 11/1/2035 991 2453.4 10/24/2005 12/1/2005 11/1/2035 992 608.08 10/19/2005 12/1/2005 11/1/2035 993 274.81 10/21/2005 12/1/2005 11/1/2025 994 230.43 10/19/2005 12/1/2005 11/1/2010 995 974.33 10/25/2005 12/1/2005 11/1/2035 996 1574.79 10/18/2005 12/1/2005 11/1/2035 997 521.56 10/24/2005 12/1/2005 11/1/2035 998 1064.64 10/26/2005 12/1/2005 11/1/2035 999 1168.46 10/18/2005 12/1/2005 11/1/2035 1000 163.5 10/14/2005 12/1/2005 11/1/2020 1001 215.86 10/24/2005 12/1/2005 11/1/2020 1002 993.33 10/18/2005 12/1/2005 11/1/2035 1003 358.44 10/26/2005 12/1/2005 11/1/2035 1004 1437.06 10/20/2005 12/1/2005 11/1/2035 1005 2437.66 10/25/2005 12/1/2005 11/1/2035 1006 2059.82 10/25/2005 12/1/2005 11/1/2035 1007 948.01 10/27/2005 12/1/2005 11/1/2035 1008 339.15 10/25/2005 12/1/2005 11/1/2035 1009 522.12 10/20/2005 12/1/2005 11/1/2020 1010 788.75 10/26/2005 12/1/2005 11/1/2035 1011 79.4 10/17/2005 12/1/2005 11/1/2015 1012 240.16 10/21/2005 12/1/2005 11/1/2035 1013 1959.37 10/19/2005 12/1/2005 11/1/2035 1014 1798 10/20/2005 12/1/2005 11/1/2035 1015 1676.19 10/21/2005 12/1/2005 11/1/2035 1016 72.46 10/21/2005 12/1/2005 11/1/2015 1017 751.27 10/19/2005 12/1/2005 11/1/2035 1018 470.09 10/21/2005 12/1/2005 11/1/2035 1019 754.43 10/21/2005 12/1/2005 11/1/2035 1020 235.57 10/25/2005 12/1/2005 11/1/2035 1021 2044.44 10/19/2005 12/1/2005 11/1/2035 1022 951.26 10/26/2005 12/1/2005 11/1/2035 1023 471.35 10/18/2005 12/1/2005 11/1/2035 1024 250.01 10/19/2005 12/1/2005 11/1/2035 1025 277.57 10/26/2005 12/1/2005 11/1/2035 1026 1237.4 10/31/2005 12/1/2005 11/1/2035 1027 1535.26 10/21/2005 12/1/2005 11/1/2035 1028 419.84 10/19/2005 12/1/2005 11/1/2035 1029 3941.88 10/24/2005 12/1/2005 11/1/2035 1030 1975.81 10/21/2005 12/1/2005 11/1/2035 1031 394.27 10/24/2005 12/1/2005 11/1/2035 1032 1195.4 10/19/2005 12/1/2005 11/1/2035 1033 648.86 10/19/2005 12/1/2005 11/1/2035 1034 868.69 10/26/2005 12/1/2005 11/1/2035 1035 278.44 10/26/2005 12/1/2005 11/1/2035 1036 203.47 10/25/2005 12/1/2005 11/1/2015 1037 1495.42 10/21/2005 12/1/2005 11/1/2035 1038 1924.27 10/27/2005 12/1/2005 11/1/2035 1039 224.4 10/24/2005 12/1/2005 11/1/2035 1040 1116.79 10/26/2005 12/1/2005 11/1/2035 1041 89.13 10/25/2005 12/1/2005 11/1/2015 1042 534.27 10/25/2005 12/1/2005 11/1/2035 1043 807.13 10/21/2005 12/1/2005 11/1/2035 1044 713.36 10/27/2005 12/1/2005 11/1/2035 1045 813.43 10/27/2005 12/1/2005 11/1/2035 1046 897.31 10/24/2005 12/1/2005 11/1/2035 1047 525.15 10/21/2005 12/1/2005 11/1/2035 1048 1485.36 10/25/2005 12/1/2005 11/1/2035 1049 1205.69 10/27/2005 12/1/2005 11/1/2035 1050 1153.94 10/21/2005 12/1/2005 11/1/2035 1051 1721.07 10/20/2005 12/1/2005 11/1/2035 1052 1035.49 10/24/2005 12/1/2005 11/1/2035 1053 1423.75 10/26/2005 12/1/2005 11/1/2035 1054 120.62 10/26/2005 12/1/2005 11/1/2015 1055 836.58 10/24/2005 12/1/2005 11/1/2035 1056 1048.83 10/27/2005 12/1/2005 11/1/2035 1057 946.82 10/25/2005 12/1/2005 11/1/2035 1058 119.49 10/25/2005 12/1/2005 11/1/2015 1059 791.89 10/25/2005 12/1/2005 11/1/2035 1060 818.17 10/24/2005 12/1/2005 11/1/2035 1061 192.87 10/25/2005 12/1/2005 11/1/2020 1062 329.28 10/21/2005 12/1/2005 11/1/2035 1063 1967.4 10/25/2005 12/1/2005 11/1/2035 1064 1122.28 10/25/2005 12/1/2005 11/1/2035 1065 925.4 10/27/2005 12/1/2005 11/1/2035 1066 2496.87 10/27/2005 12/1/2005 11/1/2035 1067 154.56 10/25/2005 12/1/2005 11/1/2020 1068 1731.17 10/21/2005 12/1/2005 11/1/2035 1069 380.54 10/26/2005 12/1/2005 11/1/2035 1070 541.82 10/21/2005 12/1/2005 11/1/2035 1071 718.67 10/27/2005 12/1/2005 11/1/2035 1072 2477.49 10/27/2005 12/1/2005 11/1/2035 1073 515.09 10/26/2005 12/1/2005 11/1/2035 1074 253.12 10/25/2005 12/1/2005 11/1/2035 1075 635.54 10/26/2005 12/1/2005 11/1/2035 1076 786.3 10/24/2005 12/1/2005 11/1/2035 1077 261.91 10/27/2005 12/1/2005 11/1/2035 1078 1052.42 10/31/2005 12/1/2005 11/1/2035 1079 1904.31 10/26/2005 12/1/2005 11/1/2035 1080 1488.74 10/26/2005 12/1/2005 11/1/2035 1081 546.46 10/27/2005 12/1/2005 11/1/2035 1082 4103.21 10/28/2005 12/1/2005 11/1/2035 1083 157.07 10/26/2005 12/1/2005 11/1/2020 1084 2641.19 9/15/2005 11/1/2005 10/1/2035 1085 1611.83 10/3/2005 12/1/2005 11/1/2035 1086 877.11 9/7/2005 11/1/2005 10/1/2035 1087 1576.61 10/21/2005 12/1/2005 11/1/2035 1088 643.28 10/7/2005 12/1/2005 11/1/2035 1089 592.67 10/4/2005 12/1/2005 11/1/2035 1090 227.82 10/4/2005 12/1/2005 11/1/2035 1091 398.72 9/8/2005 11/1/2005 10/1/2035 1092 635.09 10/18/2005 12/1/2005 11/1/2035 1093 226.84 10/3/2005 11/1/2005 10/1/2035 1094 766.61 10/25/2005 12/1/2005 11/1/2035 1095 1508.26 10/5/2005 12/1/2005 11/1/2035 1096 4669.89 10/11/2005 12/1/2005 11/1/2035 1097 736.55 10/6/2005 12/1/2005 11/1/2035 1098 634.05 10/11/2005 12/1/2005 11/1/2035 1099 366.77 10/24/2005 12/1/2005 11/1/2035 1100 726.86 10/14/2005 12/1/2005 11/1/2035 1101 1780.54 10/18/2005 12/1/2005 11/1/2035 1102 2706.58 10/3/2005 12/1/2005 11/1/2035 1103 1186.28 10/5/2005 12/1/2005 11/1/2035 1104 816.48 9/12/2005 11/1/2005 10/1/2035 1105 950.23 10/21/2005 12/1/2005 11/1/2035 1106 318.02 10/21/2005 12/1/2005 11/1/2035 1107 1823.53 10/27/2005 12/1/2005 11/1/2035 1108 664.64 10/21/2005 12/1/2005 11/1/2035 1109 469.99 10/31/2005 12/1/2005 11/1/2035 1110 1064.49 10/28/2005 12/1/2005 11/1/2035 1111 229.16 10/21/2005 12/1/2005 11/1/2035 1112 333.43 10/28/2005 12/1/2005 11/1/2035 1113 574.27 10/27/2005 12/1/2005 11/1/2035 1114 1489.75 10/25/2005 12/1/2005 11/1/2035 1115 635.72 10/27/2005 12/1/2005 11/1/2035 1116 1538.39 10/27/2005 12/1/2005 11/1/2035 1117 542.4 10/27/2005 12/1/2005 11/1/2035 1118 636.46 10/26/2005 12/1/2005 11/1/2035 1119 293.93 10/31/2005 12/1/2005 11/1/2035 1120 2358.82 10/28/2005 12/1/2005 11/1/2035 1121 446.38 10/27/2005 12/1/2005 11/1/2035 1122 1140.6 10/26/2005 12/1/2005 11/1/2035 1123 1227.63 10/28/2005 12/1/2005 11/1/2035 1124 398.87 10/26/2005 12/1/2005 11/1/2035 1125 953.59 10/26/2005 12/1/2005 11/1/2035 1126 867.94 10/27/2005 12/1/2005 11/1/2035 1127 1639.17 10/5/2005 12/1/2005 11/1/2035 1128 634.48 10/18/2005 12/1/2005 11/1/2035 1129 769.28 10/3/2005 12/1/2005 11/1/2035 1130 1193.35 10/7/2005 12/1/2005 11/1/2035 1131 2358.03 10/5/2005 12/1/2005 11/1/2035 1132 1248.64 10/11/2005 12/1/2005 11/1/2035 1133 1512.01 10/8/2005 12/1/2005 11/1/2035 1134 2425.38 10/6/2005 12/1/2005 11/1/2035 1135 775.68 10/3/2005 12/1/2005 11/1/2035 1136 847.37 10/27/2005 12/1/2005 11/1/2035 1137 534.2 10/5/2005 12/1/2005 11/1/2035 1138 692.7 10/27/2005 12/1/2005 11/1/2035 1139 2496.84 10/5/2005 12/1/2005 11/1/2035 1140 768.54 9/30/2005 12/1/2005 11/1/2035 1141 108.69 10/18/2005 12/1/2005 11/1/2015 1142 426.31 10/10/2005 12/1/2005 11/1/2035 1143 1475.83 10/6/2005 12/1/2005 11/1/2035 1144 3444 10/14/2005 12/1/2005 11/1/2035 1145 568.85 10/21/2005 12/1/2005 11/1/2035 1146 2045.43 10/16/2005 12/1/2005 11/1/2035 1147 1122.82 10/4/2005 12/1/2005 11/1/2035 1148 267.04 10/6/2005 12/1/2005 11/1/2020 1149 530.98 10/6/2005 12/1/2005 11/1/2035 1150 2257.33 10/7/2005 12/1/2005 11/1/2035 1151 876.26 10/5/2005 12/1/2005 11/1/2035 1152 763.29 10/13/2005 12/1/2005 11/1/2035 1153 980.61 10/21/2005 12/1/2005 11/1/2035 1154 260.37 10/3/2005 12/1/2005 11/1/2035 1155 290.47 10/13/2005 12/1/2005 11/1/2020 1156 1208.25 10/17/2005 12/1/2005 11/1/2035 1157 679.17 10/6/2005 12/1/2005 11/1/2035 1158 978.92 10/6/2005 12/1/2005 11/1/2035 1159 358.66 10/14/2005 12/1/2005 11/1/2035 1160 96.38 10/7/2005 12/1/2005 11/1/2015 1161 1367.06 10/14/2005 12/1/2005 11/1/2035 1162 4205.93 10/5/2005 12/1/2005 11/1/2035 1163 1681.57 10/17/2005 12/1/2005 11/1/2035 1164 246.71 10/13/2005 12/1/2005 11/1/2035 1165 446 10/6/2005 12/1/2005 11/1/2035 1166 3053.16 10/10/2005 12/1/2005 11/1/2035 1167 2247.42 10/10/2005 12/1/2005 11/1/2035 1168 2711.66 10/19/2005 12/1/2005 11/1/2035 1169 1015 10/17/2005 12/1/2005 11/1/2035 1170 811.09 10/21/2005 12/1/2005 11/1/2035 1171 1029.86 10/27/2005 12/1/2005 11/1/2035 1172 310.81 10/10/2005 12/1/2005 11/1/2035 1173 248.56 10/11/2005 12/1/2005 11/1/2015 1174 2226.57 10/18/2005 12/1/2005 11/1/2035 1175 1617.59 10/11/2005 12/1/2005 11/1/2035 1176 1005.85 10/12/2005 12/1/2005 11/1/2035 1177 350.1 10/17/2005 12/1/2005 11/1/2035 1178 1309.68 10/11/2005 12/1/2005 11/1/2035 1179 2168.14 10/13/2005 12/1/2005 11/1/2035 1180 1259.78 10/18/2005 12/1/2005 11/1/2035 1181 2823.33 10/14/2005 12/1/2005 11/1/2035 1182 1102.27 10/19/2005 12/1/2005 11/1/2035 1183 878.12 10/11/2005 12/1/2005 11/1/2035 1184 1515.04 10/7/2005 12/1/2005 11/1/2035 1185 398.69 10/11/2005 12/1/2005 11/1/2035 1186 561.43 10/7/2005 12/1/2005 11/1/2035 1187 331.62 10/7/2005 12/1/2005 11/1/2035 1188 1194.23 10/17/2005 12/1/2005 11/1/2035 1189 620.95 10/11/2005 12/1/2005 11/1/2035 1190 778.52 10/19/2005 12/1/2005 11/1/2035 1191 1492.4 10/20/2005 12/1/2005 11/1/2035 1192 964.66 10/10/2005 12/1/2005 11/1/2035 1193 916.34 10/14/2005 12/1/2005 11/1/2035 1194 2875.4 10/19/2005 12/1/2005 11/1/2035 1195 865.72 10/19/2005 12/1/2005 11/1/2035 1196 71.73 10/6/2005 12/1/2005 11/1/2015 1197 2081.04 10/10/2005 12/1/2005 11/1/2035 1198 380.15 10/7/2005 12/1/2005 11/1/2035 1199 3385.98 10/20/2005 12/1/2005 11/1/2035 1200 533.32 10/11/2005 12/1/2005 11/1/2035 1201 1401.39 10/20/2005 12/1/2005 11/1/2035 1202 3018.49 10/13/2005 12/1/2005 11/1/2035 1203 2469.65 10/10/2005 12/1/2005 11/1/2035 1204 4984.74 10/28/2005 12/1/2005 11/1/2035 1205 976.51 10/12/2005 12/1/2005 11/1/2035 1206 2730.29 10/20/2005 12/1/2005 11/1/2035 1207 260.37 10/20/2005 12/1/2005 11/1/2035 1208 2318.01 10/12/2005 12/1/2005 11/1/2035 1209 1022.13 10/26/2005 12/1/2005 11/1/2035 1210 1667.36 10/14/2005 12/1/2005 11/1/2035 1211 634.64 10/13/2005 12/1/2005 11/1/2035 1212 389.32 10/19/2005 12/1/2005 11/1/2035 1213 259.1 10/20/2005 12/1/2005 11/1/2020 1214 1495 10/10/2005 12/1/2005 11/1/2035 1215 2522.75 10/7/2005 12/1/2005 11/1/2035 1216 3632.77 10/28/2005 12/1/2005 11/1/2035 1217 2605.17 10/11/2005 12/1/2005 11/1/2035 1218 1084.81 10/19/2005 12/1/2005 11/1/2035 1219 2567.71 10/14/2005 12/1/2005 11/1/2035 1220 803.18 10/14/2005 12/1/2005 11/1/2035 1221 1634.01 10/11/2005 12/1/2005 11/1/2035 1222 346.77 10/19/2005 12/1/2005 11/1/2035 1223 1124.23 10/12/2005 12/1/2005 11/1/2035 1224 891.31 10/24/2005 12/1/2005 11/1/2035 1225 2380.54 10/14/2005 12/1/2005 11/1/2035 1226 4790.65 10/21/2005 12/1/2005 11/1/2035 1227 623.11 10/17/2005 12/1/2005 11/1/2035 1228 666.1 10/17/2005 12/1/2005 11/1/2035 1229 1638.15 10/24/2005 12/1/2005 11/1/2035 1230 4237.75 10/24/2005 12/1/2005 11/1/2035 1231 700.49 10/20/2005 12/1/2005 11/1/2035 1232 1096 10/21/2005 12/1/2005 11/1/2035 1233 944.41 10/13/2005 12/1/2005 11/1/2035 1234 464.81 10/26/2005 12/1/2005 11/1/2035 1235 262.31 10/25/2005 12/1/2005 11/1/2015 1236 933.54 10/11/2005 12/1/2005 11/1/2035 1237 926.73 10/21/2005 12/1/2005 11/1/2035 1238 252.55 10/20/2005 12/1/2005 11/1/2035 1239 4535.86 10/19/2005 12/1/2005 11/1/2035 1240 1796.73 10/18/2005 12/1/2005 11/1/2035 1241 707.93 10/10/2005 12/1/2005 11/1/2035 1242 693.17 10/10/2005 12/1/2005 11/1/2035 1243 3800.37 10/19/2005 12/1/2005 11/1/2035 1244 699.22 10/18/2005 12/1/2005 11/1/2035 1245 811.99 10/11/2005 12/1/2005 11/1/2035 1246 115.94 10/17/2005 12/1/2005 11/1/2015 1247 80.32 10/19/2005 12/1/2005 11/1/2015 1248 1773.66 10/18/2005 12/1/2005 11/1/2035 1249 148.93 10/25/2005 12/1/2005 11/1/2015 1250 544.03 10/21/2005 12/1/2005 11/1/2035 1251 1056.4 10/20/2005 12/1/2005 11/1/2035 1252 178.29 10/13/2005 12/1/2005 11/1/2020 1253 1037.21 10/21/2005 12/1/2005 11/1/2035 1254 1668.41 10/13/2005 12/1/2005 11/1/2035 1255 3185 10/13/2005 12/1/2005 11/1/2035 1256 1495 10/13/2005 12/1/2005 11/1/2035 1257 1834.21 10/17/2005 12/1/2005 11/1/2035 1258 2021.25 10/14/2005 12/1/2005 11/1/2035 1259 796.47 10/20/2005 12/1/2005 11/1/2035 1260 1218.82 10/24/2005 12/1/2005 11/1/2035 1261 1993.95 10/20/2005 12/1/2005 11/1/2035 1262 2061.98 10/22/2005 12/1/2005 11/1/2035 1263 223.71 10/17/2005 12/1/2005 11/1/2010 1264 384.62 10/14/2005 12/1/2005 11/1/2035 1265 2027.13 10/20/2005 12/1/2005 11/1/2035 1266 3218.67 10/20/2005 12/1/2005 11/1/2035 1267 906.51 10/14/2005 12/1/2005 11/1/2035 1268 2143.44 10/19/2005 12/1/2005 11/1/2035 1269 341.09 10/21/2005 12/1/2005 11/1/2035 1270 289.36 10/18/2005 12/1/2005 11/1/2035 1271 998.15 10/20/2005 12/1/2005 11/1/2035 1272 1448.08 10/18/2005 12/1/2005 11/1/2035 1273 1319.56 10/20/2005 12/1/2005 11/1/2035 1274 622.24 10/13/2005 12/1/2005 11/1/2035 1275 3692 10/13/2005 12/1/2005 11/1/2035 1276 4618.33 10/20/2005 12/1/2005 11/1/2035 1277 282.66 10/19/2005 12/1/2005 11/1/2035 1278 362.98 10/26/2005 12/1/2005 11/1/2035 1279 213.9 10/12/2005 12/1/2005 11/1/2035 1280 649.61 10/13/2005 12/1/2005 11/1/2035 1281 2094.35 10/18/2005 12/1/2005 11/1/2035 1282 3198.58 10/13/2005 12/1/2005 11/1/2035 1283 799.02 10/21/2005 12/1/2005 11/1/2035 1284 887.29 10/24/2005 12/1/2005 11/1/2035 1285 856.42 10/17/2005 12/1/2005 11/1/2035 1286 787.75 10/17/2005 12/1/2005 11/1/2035 1287 2312.92 10/14/2005 12/1/2005 11/1/2035 1288 1407 10/25/2005 12/1/2005 11/1/2035 1289 1167.52 10/17/2005 12/1/2005 11/1/2035 1290 472 10/19/2005 12/1/2005 11/1/2035 1291 4218.75 10/21/2005 12/1/2005 11/1/2035 1292 2654.17 10/17/2005 12/1/2005 11/1/2035 1293 789.59 10/14/2005 12/1/2005 11/1/2035 1294 788.16 10/14/2005 12/1/2005 11/1/2035 1295 282.62 10/14/2005 12/1/2005 11/1/2035 1296 552.9 10/25/2005 12/1/2005 11/1/2035 1297 3937.37 10/23/2005 12/1/2005 11/1/2035 1298 3522.55 10/19/2005 12/1/2005 11/1/2035 1299 3276 10/14/2005 12/1/2005 11/1/2035 1300 141.26 10/17/2005 12/1/2005 11/1/2015 1301 399.84 10/20/2005 12/1/2005 11/1/2035 1302 148.44 10/17/2005 12/1/2005 11/1/2015 1303 1061.97 10/17/2005 12/1/2005 11/1/2035 1304 3081.2 10/17/2005 12/1/2005 11/1/2035 1305 395.11 10/19/2005 12/1/2005 11/1/2035 1306 804.85 10/18/2005 12/1/2005 11/1/2035 1307 664.64 10/21/2005 12/1/2005 11/1/2035 1308 549.93 10/20/2005 12/1/2005 11/1/2035 1309 596.25 10/14/2005 12/1/2005 11/1/2035 1310 245.98 10/18/2005 12/1/2005 11/1/2020 1311 1328.22 10/20/2005 12/1/2005 11/1/2035 1312 1263.06 10/14/2005 12/1/2005 11/1/2035 1313 845.06 10/17/2005 12/1/2005 11/1/2035 1314 827.87 10/14/2005 12/1/2005 11/1/2035 1315 311.65 10/21/2005 12/1/2005 11/1/2035 1316 514.5 10/14/2005 12/1/2005 11/1/2035 1317 552.41 10/25/2005 12/1/2005 11/1/2035 1318 1876.87 10/24/2005 12/1/2005 11/1/2035 1319 3175 10/19/2005 12/1/2005 11/1/2035 1320 921.46 10/17/2005 12/1/2005 11/1/2035 1321 1389.36 10/14/2005 12/1/2005 11/1/2035 1322 2402.67 10/19/2005 12/1/2005 11/1/2035 1323 3640.72 10/19/2005 12/1/2005 11/1/2035 1324 1395.73 10/19/2005 12/1/2005 11/1/2035 1325 612 10/24/2005 12/1/2005 11/1/2035 1326 656.8 10/20/2005 12/1/2005 11/1/2035 1327 2691.98 10/26/2005 12/1/2005 11/1/2035 1328 2334.47 10/24/2005 12/1/2005 11/1/2035 1329 1774.03 10/21/2005 12/1/2005 11/1/2035 1330 2660 10/21/2005 12/1/2005 11/1/2035 1331 422.6 10/24/2005 12/1/2005 11/1/2035 1332 986.1 10/17/2005 12/1/2005 11/1/2035 1333 755.24 10/18/2005 12/1/2005 11/1/2035 1334 1173.94 10/26/2005 12/1/2005 11/1/2035 1335 1052.2 10/21/2005 12/1/2005 11/1/2035 1336 292.72 10/18/2005 12/1/2005 11/1/2035 1337 1822.5 10/18/2005 12/1/2005 11/1/2035 1338 371.02 10/20/2005 12/1/2005 11/1/2035 1339 815.36 10/28/2005 12/1/2005 11/1/2035 1340 564.18 10/28/2005 12/1/2005 11/1/2035 1341 872.04 10/19/2005 12/1/2005 11/1/2035 1342 373.5 10/19/2005 12/1/2005 11/1/2035 1343 911.91 10/20/2005 12/1/2005 11/1/2035 1344 198.69 10/21/2005 12/1/2005 11/1/2020 1345 209.23 10/20/2005 12/1/2005 11/1/2035 1346 744.29 10/21/2005 12/1/2005 11/1/2035 1347 241.3 10/28/2005 12/1/2005 11/1/2020 1348 334.57 10/17/2005 12/1/2005 11/1/2035 1349 1696.74 10/20/2005 12/1/2005 11/1/2035 1350 803.73 10/21/2005 12/1/2005 11/1/2035 1351 1519.77 10/21/2005 12/1/2005 11/1/2035 1352 3089.62 10/19/2005 12/1/2005 11/1/2035 1353 1593.83 10/21/2005 12/1/2005 11/1/2035 1354 903.14 10/18/2005 12/1/2005 11/1/2035 1355 1715.34 10/27/2005 12/1/2005 11/1/2035 1356 1412.33 10/26/2005 12/1/2005 11/1/2035 1357 3200 10/20/2005 12/1/2005 11/1/2035 1358 771.44 10/27/2005 12/1/2005 11/1/2035 1359 611.91 10/24/2005 12/1/2005 11/1/2035 1360 2596.43 10/20/2005 12/1/2005 11/1/2035 1361 254.45 10/19/2005 12/1/2005 11/1/2035 1362 1990.86 10/24/2005 12/1/2005 11/1/2035 1363 601.88 10/21/2005 12/1/2005 11/1/2035 1364 1376.55 10/21/2005 12/1/2005 11/1/2035 1365 2166.96 10/18/2005 12/1/2005 11/1/2035 1366 742.04 10/18/2005 12/1/2005 11/1/2035 1367 458.47 10/26/2005 12/1/2005 11/1/2035 1368 999.59 10/20/2005 12/1/2005 11/1/2035 1369 916.32 10/27/2005 12/1/2005 11/1/2035 1370 2768.09 10/26/2005 12/1/2005 11/1/2035 1371 2229.37 10/20/2005 12/1/2005 11/1/2035 1372 1278.33 10/20/2005 12/1/2005 11/1/2035 1373 430.13 10/19/2005 12/1/2005 11/1/2035 1374 352.09 10/24/2005 12/1/2005 11/1/2035 1375 522.18 10/21/2005 12/1/2005 11/1/2035 1376 1052.78 10/24/2005 12/1/2005 11/1/2035 1377 287.99 10/28/2005 12/1/2005 11/1/2035 1378 293.71 10/27/2005 12/1/2005 11/1/2035 1379 1008.23 10/25/2005 12/1/2005 11/1/2035 1380 5498.01 10/24/2005 12/1/2005 11/1/2035 1381 395.76 10/22/2005 12/1/2005 11/1/2035 1382 693.33 10/28/2005 12/1/2005 11/1/2035 1383 242.45 10/28/2005 12/1/2005 11/1/2035 1384 334.75 10/25/2005 12/1/2005 11/1/2035 1385 577.21 10/21/2005 12/1/2005 11/1/2035 1386 1072 10/22/2005 12/1/2005 11/1/2035 1387 644.48 10/21/2005 12/1/2005 11/1/2035 1388 376.37 10/28/2005 12/1/2005 11/1/2035 1389 927.89 10/28/2005 12/1/2005 11/1/2035 1390 3380.83 10/21/2005 12/1/2005 11/1/2035 1391 759.51 10/26/2005 12/1/2005 11/1/2035 1392 825.58 10/21/2005 12/1/2005 11/1/2035 1393 1264.93 10/21/2005 12/1/2005 11/1/2035 1394 923.16 10/26/2005 12/1/2005 11/1/2035 1395 1568.53 10/31/2005 12/1/2005 11/1/2035 1396 239.91 10/27/2005 12/1/2005 11/1/2020 1397 1789.9 10/24/2005 12/1/2005 11/1/2035 1398 718.83 10/24/2005 12/1/2005 11/1/2035 1399 491.81 10/31/2005 12/1/2005 11/1/2035 1400 504.34 10/25/2005 12/1/2005 11/1/2035 1401 1225 10/28/2005 12/1/2005 11/1/2035 1402 349.16 10/14/2005 12/1/2005 11/1/2035 1403 269.26 10/5/2005 12/1/2005 11/1/2035 1404 919.68 10/5/2005 12/1/2005 11/1/2035 1405 2704.56 10/4/2005 12/1/2005 11/1/2035 1406 438.74 10/7/2005 12/1/2005 11/1/2035 1407 992.35 10/4/2005 12/1/2005 11/1/2035 1408 836.85 10/18/2005 12/1/2005 11/1/2035 1409 1206.18 10/20/2005 12/1/2005 11/1/2035 1410 771.65 10/27/2005 12/1/2005 11/1/2035 1411 966.67 10/24/2005 12/1/2005 11/1/2035 1412 460.96 10/26/2005 12/1/2005 11/1/2035 1413 651.57 10/27/2005 12/1/2005 11/1/2035 1414 853.93 10/21/2005 12/1/2005 11/1/2035 1415 5641.28 10/24/2005 12/1/2005 11/1/2035 1416 1770.89 10/20/2005 12/1/2005 11/1/2035 1417 202.89 10/6/2005 12/1/2005 11/1/2015 1418 1960.04 10/12/2005 12/1/2005 11/1/2035 1419 1309.21 10/7/2005 12/1/2005 11/1/2035 1420 1868.31 10/25/2005 12/1/2005 11/1/2035 1421 4745.08 10/14/2005 12/1/2005 11/1/2035 1422 2904.25 10/21/2005 12/1/2005 11/1/2035 1423 764.99 10/3/2005 12/1/2005 11/1/2035 1424 1667.5 10/4/2005 12/1/2005 11/1/2035 1425 558.79 10/11/2005 12/1/2005 11/1/2035 1426 1396.5 10/21/2005 12/1/2005 11/1/2035 1427 3372.72 10/24/2005 12/1/2005 11/1/2035 1428 1317.27 10/3/2005 12/1/2005 11/1/2035 1429 920.36 10/14/2005 12/1/2005 11/1/2035 1430 947.1 10/5/2005 12/1/2005 11/1/2035 1431 1644.5 10/10/2005 12/1/2005 11/1/2035 1432 1877.95 10/11/2005 12/1/2005 11/1/2035 1433 1273.37 10/28/2005 12/1/2005 11/1/2035 1434 561 10/20/2005 12/1/2005 11/1/2035 1435 691.73 10/27/2005 12/1/2005 11/1/2035 1436 2201.79 10/26/2005 12/1/2005 11/1/2035 1437 1014.65 10/25/2005 12/1/2005 11/1/2035 1438 1296.79 10/7/2005 12/1/2005 11/1/2035 1439 430.41 10/28/2005 12/1/2005 11/1/2035 1440 184.66 10/17/2005 12/1/2005 11/1/2020 1441 2662.5 10/4/2005 12/1/2005 11/1/2035 1442 1792 10/12/2005 12/1/2005 11/1/2035 1443 875.73 10/14/2005 12/1/2005 11/1/2035 1444 1383.35 9/29/2005 12/1/2005 11/1/2035 1445 4929.99 10/7/2005 12/1/2005 11/1/2035 1446 801.54 10/12/2005 12/1/2005 11/1/2035 1447 3210.68 10/7/2005 12/1/2005 11/1/2035 1448 1036.87 10/27/2005 12/1/2005 11/1/2035 1449 5183.07 10/27/2005 12/1/2005 11/1/2035 1450 1847.16 10/7/2005 12/1/2005 11/1/2035 1451 661.87 10/28/2005 12/1/2005 11/1/2035 1452 691.83 10/25/2005 12/1/2005 11/1/2035 1453 1305.35 10/11/2005 12/1/2005 11/1/2035 1454 403.07 10/12/2005 12/1/2005 11/1/2035 1455 1059.23 10/25/2005 12/1/2005 11/1/2035 1456 1033.36 10/7/2005 12/1/2005 11/1/2035 1457 2456.16 10/11/2005 12/1/2005 11/1/2035 1458 681.08 10/21/2005 12/1/2005 11/1/2035 1459 758.31 10/11/2005 12/1/2005 11/1/2035 1460 905.19 10/14/2005 12/1/2005 11/1/2035 1461 673.99 10/27/2005 12/1/2005 11/1/2035 1462 1580.65 10/12/2005 12/1/2005 11/1/2035 1463 467.12 10/7/2005 12/1/2005 11/1/2035 1464 316.59 10/14/2005 12/1/2005 11/1/2035 1465 1218.7 10/25/2005 12/1/2005 11/1/2035 1466 1161.16 10/26/2005 12/1/2005 11/1/2035 1467 559.14 10/17/2005 12/1/2005 11/1/2035 1468 505.85 10/4/2005 12/1/2005 11/1/2035 1469 2692.67 10/20/2005 12/1/2005 11/1/2035 1470 2830.45 10/14/2005 12/1/2005 11/1/2035 1471 2024.06 10/24/2005 12/1/2005 11/1/2035 1472 1680.42 10/21/2005 12/1/2005 11/1/2035 1473 2025.44 10/12/2005 12/1/2005 11/1/2035 1474 1985.78 10/17/2005 12/1/2005 11/1/2035 1475 574.03 10/11/2005 12/1/2005 11/1/2035 1476 688.32 10/28/2005 12/1/2005 11/1/2035 1477 1439.6 10/4/2005 12/1/2005 11/1/2035 1478 470.77 10/6/2005 12/1/2005 11/1/2035 1479 165.21 10/21/2005 12/1/2005 11/1/2015 1480 97.83 10/26/2005 12/1/2005 11/1/2015 1481 197.93 10/7/2005 12/1/2005 11/1/2020 1482 226.74 10/28/2005 12/1/2005 11/1/2035 1483 708.58 10/19/2005 12/1/2005 11/1/2035 1484 1024.9 10/7/2005 12/1/2005 11/1/2035 1485 3136.5 10/12/2005 12/1/2005 11/1/2035 1486 729.66 10/20/2005 12/1/2005 11/1/2035 1487 1083.7 10/25/2005 12/1/2005 11/1/2035 1488 1401.25 10/21/2005 12/1/2005 11/1/2035 1489 1219 10/14/2005 12/1/2005 11/1/2035 1490 2227.89 10/17/2005 12/1/2005 11/1/2035 1491 847.91 10/7/2005 12/1/2005 11/1/2035 1492 1415.5 10/20/2005 12/1/2005 11/1/2035 1493 1010.59 10/20/2005 12/1/2005 11/1/2035 1494 1730.29 10/24/2005 12/1/2005 11/1/2035 1495 2735.83 10/7/2005 12/1/2005 11/1/2035 1496 1405.78 10/12/2005 12/1/2005 11/1/2035 1497 1032.89 10/14/2005 12/1/2005 11/1/2035 1498 1948.23 10/28/2005 12/1/2005 11/1/2035 1499 3368.74 10/20/2005 12/1/2005 11/1/2035 1500 755.19 10/11/2005 12/1/2005 11/1/2035 1501 723.52 10/14/2005 12/1/2005 11/1/2035 1502 2883.21 10/13/2005 12/1/2005 11/1/2035 1503 842.45 10/19/2005 12/1/2005 11/1/2035 1504 2167.57 10/24/2005 12/1/2005 11/1/2035 1505 5269.82 10/14/2005 12/1/2005 11/1/2035 1506 788.54 10/25/2005 12/1/2005 11/1/2035 1507 866.97 10/11/2005 12/1/2005 11/1/2035 1508 774.87 10/28/2005 12/1/2005 11/1/2020 1509 4420.84 10/13/2005 12/1/2005 11/1/2035 1510 665.31 10/12/2005 12/1/2005 11/1/2035 1511 1152.87 10/14/2005 12/1/2005 11/1/2035 1512 629.17 10/17/2005 12/1/2005 11/1/2035 1513 1335.92 10/11/2005 12/1/2005 11/1/2035 1514 1960.65 10/21/2005 12/1/2005 11/1/2035 1515 1589.81 10/17/2005 12/1/2005 11/1/2035 1516 229.16 10/17/2005 12/1/2005 11/1/2035 1517 2235.31 10/19/2005 12/1/2005 11/1/2035 1518 2887.73 10/17/2005 12/1/2005 11/1/2035 1519 241.07 10/14/2005 12/1/2005 11/1/2035 1520 2047.07 10/21/2005 12/1/2005 11/1/2035 1521 238.56 10/12/2005 12/1/2005 11/1/2035 1522 1737.16 10/18/2005 12/1/2005 11/1/2035 1523 348.32 10/25/2005 12/1/2005 11/1/2035 1524 1096.41 10/27/2005 12/1/2005 11/1/2035 1525 1260.59 10/27/2005 12/1/2005 11/1/2035 1526 911.32 10/14/2005 12/1/2005 11/1/2035 1527 2143.06 10/27/2005 12/1/2005 11/1/2035 1528 715.96 10/27/2005 12/1/2005 11/1/2035 1529 892.5 10/27/2005 12/1/2005 11/1/2035 1530 94.93 10/17/2005 12/1/2005 11/1/2015 1531 763.04 10/31/2005 12/1/2005 11/1/2035 1532 828.76 10/28/2005 12/1/2005 11/1/2035 1533 258.07 10/28/2005 12/1/2005 11/1/2035 1534 2093.71 10/19/2005 12/1/2005 11/1/2035 1535 733.07 10/21/2005 12/1/2005 11/1/2035 1536 1185.49 10/21/2005 12/1/2005 11/1/2035 1537 416.63 10/26/2005 12/1/2005 11/1/2035 1538 1415.67 10/20/2005 12/1/2005 11/1/2035 1539 313.2 10/25/2005 12/1/2005 11/1/2010 1540 254.95 10/28/2005 12/1/2005 11/1/2020 1541 954.75 10/24/2005 12/1/2005 11/1/2035 1542 2989.09 10/21/2005 12/1/2005 11/1/2035 1543 227.69 10/27/2005 12/1/2005 11/1/2035 1544 738.37 10/27/2005 12/1/2005 11/1/2035 1545 1029.81 10/21/2005 12/1/2005 11/1/2035 1546 755.3 10/25/2005 12/1/2005 11/1/2035 1547 309.19 10/14/2005 12/1/2005 11/1/2035 1548 1115.15 10/25/2005 12/1/2005 11/1/2035 1549 266.24 10/14/2005 12/1/2005 11/1/2020 1550 1719.39 10/20/2005 12/1/2005 11/1/2035 1551 3234.47 10/18/2005 12/1/2005 11/1/2035 1552 912.53 10/27/2005 12/1/2005 11/1/2035 1553 5244.11 10/18/2005 12/1/2005 11/1/2035 1554 3367.93 10/19/2005 12/1/2005 11/1/2035 1555 571.97 10/31/2005 12/1/2005 11/1/2035 1556 2628.67 10/26/2005 12/1/2005 11/1/2035 1557 1597.04 10/27/2005 12/1/2005 11/1/2035 1558 1207.05 10/14/2005 12/1/2005 11/1/2035 1559 1214.74 10/25/2005 12/1/2005 11/1/2035 1560 765 10/21/2005 12/1/2005 11/1/2035 1561 1424.71 10/20/2005 12/1/2005 11/1/2035 1562 247.91 10/25/2005 12/1/2005 11/1/2035 1563 1292.76 10/13/2005 12/1/2005 11/1/2035 1564 1528.73 10/31/2005 12/1/2005 11/1/2035 1565 763.04 10/25/2005 12/1/2005 11/1/2035 1566 513.31 10/27/2005 12/1/2005 11/1/2035 1567 405.04 10/25/2005 12/1/2005 11/1/2035 1568 1866.21 10/19/2005 12/1/2005 11/1/2035 1569 3791.55 10/18/2005 12/1/2005 11/1/2035 1570 648.04 10/27/2005 12/1/2005 11/1/2035 1571 976.81 10/26/2005 12/1/2005 11/1/2035 1572 2235.86 10/14/2005 12/1/2005 11/1/2035 1573 609 10/31/2005 12/1/2005 11/1/2035 1574 1397.83 10/21/2005 12/1/2005 11/1/2035 1575 277.23 10/27/2005 12/1/2005 11/1/2015 1576 2808.15 10/26/2005 12/1/2005 11/1/2035 1577 115.94 10/18/2005 12/1/2005 11/1/2015 1578 1516.62 10/21/2005 12/1/2005 11/1/2035 1579 1205.86 10/21/2005 12/1/2005 11/1/2035 1580 1661.97 10/17/2005 12/1/2005 11/1/2035 1581 789.28 10/20/2005 12/1/2005 11/1/2035 1582 2376.38 10/28/2005 12/1/2005 11/1/2035 1583 1960.47 10/28/2005 12/1/2005 11/1/2035 1584 431.17 10/28/2005 12/1/2005 11/1/2035 1585 221.01 10/26/2005 12/1/2005 11/1/2015 1586 2352.39 10/21/2005 12/1/2005 11/1/2035 1587 970.69 10/20/2005 12/1/2005 11/1/2035 1588 2337.41 10/21/2005 12/1/2005 11/1/2035 1589 1683.99 10/20/2005 12/1/2005 11/1/2035 1590 2393.82 10/21/2005 12/1/2005 11/1/2035 1591 2740.97 10/21/2005 12/1/2005 11/1/2035 1592 444.59 10/27/2005 12/1/2005 11/1/2010 1593 601.12 10/28/2005 12/1/2005 11/1/2035 1594 512.39 10/31/2005 12/1/2005 11/1/2035 1595 996.15 10/31/2005 12/1/2005 11/1/2035 1596 2171.19 10/24/2005 12/1/2005 11/1/2035 1597 810.14 10/25/2005 12/1/2005 11/1/2035 1598 763.04 10/27/2005 12/1/2005 11/1/2035 1599 1129.69 10/25/2005 12/1/2005 11/1/2035 1600 928.49 10/21/2005 12/1/2005 11/1/2035 1601 483.9 10/27/2005 12/1/2005 11/1/2035 1602 696.58 10/24/2005 12/1/2005 11/1/2035 1603 1420.67 10/31/2005 12/1/2005 11/1/2035 1604 735.58 10/31/2005 12/1/2005 11/1/2035 1605 2179.99 10/21/2005 12/1/2005 11/1/2035 1606 528.7 10/24/2005 12/1/2005 11/1/2035 1607 350.15 10/31/2005 12/1/2005 11/1/2035 1608 313.34 10/28/2005 12/1/2005 11/1/2035 1609 827.56 10/28/2005 12/1/2005 11/1/2035 1610 2556.67 10/3/2005 11/1/2005 10/1/2035 1611 1555.25 10/11/2005 12/1/2005 11/1/2035 1612 1070.02 9/7/2005 10/1/2005 9/1/2035 1613 1858.61 9/14/2005 11/1/2005 10/1/2035 1614 1224.61 9/2/2005 10/1/2005 9/1/2035 1615 1470.83 8/31/2005 10/1/2005 9/1/2035 1616 613.05 8/31/2005 10/1/2005 9/1/2020 1617 3141.67 4/4/2005 5/1/2005 4/1/2035 1618 2625.83 5/11/2005 7/1/2005 6/1/2035 1619 2602.73 5/11/2005 7/1/2005 6/1/2035 1620 963.04 5/10/2005 7/1/2005 6/1/2025 1621 967.05 7/27/2005 9/1/2005 8/1/2035 1622 1049.72 7/21/2005 9/1/2005 8/1/2035 1623 2093.75 8/18/2005 10/1/2005 9/1/2035 1624 576.72 8/31/2005 10/1/2005 9/1/2035 1625 869.04 9/9/2005 11/1/2005 10/1/2035 1626 2177.08 7/29/2005 9/1/2005 8/1/2035 1627 1702.56 6/24/2005 8/1/2005 7/1/2035 1628 986.42 10/19/2005 12/1/2005 11/1/2035 1629 1359.2 10/19/2005 12/1/2005 11/1/2035 1630 582.97 10/21/2005 12/1/2005 11/1/2035 1631 268.99 10/21/2005 12/1/2005 11/1/2020 1632 4667.27 10/21/2005 12/1/2005 11/1/2035 1633 971.83 10/18/2005 12/1/2005 11/1/2035 1634 863.19 10/11/2005 12/1/2005 11/1/2035 1635 2974.45 10/19/2005 12/1/2005 11/1/2035 1636 298.82 10/11/2005 12/1/2005 11/1/2035 1637 233.4 10/13/2005 12/1/2005 11/1/2035 1638 1042.57 10/18/2005 12/1/2005 11/1/2035 1639 607.61 10/13/2005 12/1/2005 11/1/2035 1640 647.31 10/21/2005 12/1/2005 11/1/2035 1641 71.77 10/21/2005 12/1/2005 11/1/2020 1642 1141.44 10/19/2005 12/1/2005 11/1/2035 1643 1204.6 10/14/2005 12/1/2005 11/1/2035 1644 1773.66 6/24/2005 8/1/2005 7/1/2035 1645 1279.18 9/7/2005 11/1/2005 10/1/2035 1646 1266.67 9/29/2005 11/1/2005 10/1/2035 1647 996.95 10/21/2005 12/1/2005 11/1/2035 1648 328.82 10/21/2005 12/1/2005 11/1/2035 1649 402.5 9/29/2005 12/1/2005 11/1/2035 1650 811.03 9/27/2005 12/1/2005 11/1/2035 1651 1569.39 10/3/2005 12/1/2005 11/1/2035 1652 769.3 10/4/2005 12/1/2005 11/1/2035 1653 657.89 10/19/2005 12/1/2005 11/1/2035 1654 715 10/21/2005 12/1/2005 11/1/2035 1655 864.53 10/3/2005 12/1/2005 11/1/2035 1656 301.73 10/3/2005 12/1/2005 11/1/2035 1657 1693.38 9/15/2005 11/1/2005 10/1/2035 1658 467.27 9/22/2005 11/1/2005 10/1/2035 1659 727.87 8/29/2005 10/1/2005 9/1/2035 1660 1400.04 9/12/2005 11/1/2005 10/1/2035 1661 1182.25 9/23/2005 11/1/2005 10/1/2035 1662 1663.26 9/8/2005 11/1/2005 10/1/2035 1663 184.6 10/4/2005 12/1/2005 11/1/2020 1664 1526.98 9/23/2005 11/1/2005 10/1/2035 1665 1408.63 9/7/2005 11/1/2005 10/1/2035 1666 1173.35 9/19/2005 11/1/2005 10/1/2035 1667 1156.33 9/27/2005 11/1/2005 10/1/2035 1668 559.17 10/11/2005 12/1/2005 11/1/2035 1669 1189.64 10/21/2005 12/1/2005 11/1/2035 1670 2515.64 9/27/2005 11/1/2005 10/1/2035 1671 839.18 10/11/2005 12/1/2005 11/1/2035 1672 657.93 10/12/2005 12/1/2005 11/1/2035 1673 1632.74 9/14/2005 11/1/2005 10/1/2035 1674 627.96 9/14/2005 11/1/2005 10/1/2035 1675 4814.74 9/8/2005 11/1/2005 10/1/2035 1676 1289.55 9/27/2005 12/1/2005 11/1/2035 1677 2238.75 9/21/2005 11/1/2005 10/1/2035 1678 1781.8 9/27/2005 11/1/2005 10/1/2035 1679 712.76 9/27/2005 11/1/2005 10/1/2035 1680 842 9/19/2005 11/1/2005 10/1/2035 1681 709.15 10/14/2005 12/1/2005 11/1/2035 1682 871.72 9/28/2005 11/1/2005 10/1/2035 1683 307.37 9/28/2005 11/1/2005 10/1/2035 1684 595.4 10/3/2005 12/1/2005 11/1/2035 1685 3774.85 10/3/2005 12/1/2005 11/1/2035 1686 1257.57 10/3/2005 12/1/2005 11/1/2035 1687 1101.75 10/3/2005 12/1/2005 11/1/2035 1688 373.02 10/3/2005 12/1/2005 11/1/2035 1689 1008.62 9/27/2005 11/1/2005 10/1/2035 1690 223.72 9/23/2005 11/1/2005 10/1/2020 1691 858.69 10/7/2005 12/1/2005 11/1/2035 1692 760.26 10/21/2005 12/1/2005 11/1/2035 1693 2539.53 10/3/2005 12/1/2005 11/1/2035 1694 899.72 9/30/2005 11/1/2005 10/1/2035 1695 3264 9/23/2005 11/1/2005 10/1/2035 1696 136.95 10/13/2005 12/1/2005 11/1/2015 1697 1712.88 9/26/2005 11/1/2005 10/1/2035 1698 1711.61 9/29/2005 12/1/2005 11/1/2035 1699 1317.43 10/19/2005 12/1/2005 11/1/2035 1700 455.96 9/28/2005 11/1/2005 10/1/2035 1701 1316.89 10/7/2005 12/1/2005 11/1/2035 1702 2613 10/7/2005 12/1/2005 11/1/2035 1703 1395.73 10/20/2005 12/1/2005 11/1/2035 1704 339.7 10/4/2005 12/1/2005 11/1/2035 1705 1058.36 10/7/2005 12/1/2005 11/1/2035 1706 1314.51 10/11/2005 12/1/2005 11/1/2035 1707 2054.75 10/13/2005 12/1/2005 11/1/2035 1708 937.66 10/4/2005 12/1/2005 11/1/2035 1709 764.57 10/13/2005 12/1/2005 11/1/2035 1710 877.81 9/29/2005 12/1/2005 11/1/2035 1711 3929.18 9/30/2005 12/1/2005 11/1/2035 1712 3090.01 10/3/2005 12/1/2005 11/1/2035 1713 1491.1 10/20/2005 12/1/2005 11/1/2035 1714 1847.87 10/10/2005 12/1/2005 11/1/2035 1715 123.74 10/26/2005 12/1/2005 11/1/2020 1716 332.82 9/26/2005 11/1/2005 10/1/2035 1717 1467.33 9/27/2005 12/1/2005 11/1/2035 1718 1383.56 10/5/2005 12/1/2005 11/1/2035 1719 5349.02 9/27/2005 11/1/2005 10/1/2035 1720 800.56 9/28/2005 12/1/2005 11/1/2035 1721 2555.46 10/5/2005 12/1/2005 11/1/2035 1722 2224.15 10/14/2005 12/1/2005 11/1/2035 1723 623.15 9/26/2005 11/1/2005 10/1/2035 1724 2094.98 10/21/2005 12/1/2005 11/1/2035 1725 2806.54 9/27/2005 11/1/2005 10/1/2035 1726 1195.68 9/21/2005 11/1/2005 10/1/2035 1727 2045.78 9/22/2005 11/1/2005 10/1/2035 1728 752.73 10/14/2005 12/1/2005 11/1/2035 1729 2339.51 10/14/2005 12/1/2005 11/1/2035 1730 767.86 9/29/2005 11/1/2005 10/1/2035 1731 1762.03 9/21/2005 11/1/2005 10/1/2035 1732 3184.84 10/25/2005 12/1/2005 11/1/2035 1733 856.27 10/6/2005 12/1/2005 11/1/2035 1734 1690.57 10/13/2005 12/1/2005 11/1/2035 1735 2032.77 9/22/2005 11/1/2005 10/1/2035 1736 4178.38 9/27/2005 11/1/2005 10/1/2035 1737 1434.79 9/27/2005 11/1/2005 10/1/2035 1738 1775.6 10/12/2005 12/1/2005 11/1/2035 1739 968.78 10/6/2005 12/1/2005 11/1/2035 1740 612.3 10/6/2005 12/1/2005 11/1/2035 1741 2987.38 9/26/2005 11/1/2005 10/1/2035 1742 1635.81 10/3/2005 12/1/2005 11/1/2035 1743 1194.67 9/26/2005 11/1/2005 10/1/2035 1744 2538.67 9/22/2005 11/1/2005 10/1/2035 1745 1063.42 10/20/2005 12/1/2005 11/1/2035 1746 783.81 10/25/2005 12/1/2005 11/1/2035 1747 1418.93 10/3/2005 12/1/2005 11/1/2035 1748 486.39 10/3/2005 12/1/2005 11/1/2035 1749 1055.35 9/22/2005 11/1/2005 10/1/2035 1750 1304.94 10/5/2005 12/1/2005 11/1/2035 1751 131.29 9/27/2005 11/1/2005 10/1/2020 1752 739.6 10/12/2005 12/1/2005 11/1/2035 1753 1140.74 9/22/2005 11/1/2005 10/1/2035 1754 1459.46 9/28/2005 11/1/2005 10/1/2035 1755 1032.75 10/4/2005 12/1/2005 11/1/2035 1756 2303.52 10/5/2005 12/1/2005 11/1/2035 1757 1794.24 10/10/2005 12/1/2005 11/1/2035 1758 672.27 10/3/2005 12/1/2005 11/1/2035 1759 359.02 9/30/2005 11/1/2005 10/1/2035 1760 1261.75 9/30/2005 12/1/2005 11/1/2035 1761 1110.18 10/6/2005 12/1/2005 11/1/2035 1762 237.96 10/3/2005 12/1/2005 11/1/2035 1763 1607.72 9/22/2005 11/1/2005 10/1/2035 1764 1185.49 9/28/2005 11/1/2005 10/1/2035 1765 3091.63 10/6/2005 12/1/2005 11/1/2035 1766 452.45 9/27/2005 11/1/2005 10/1/2035 1767 823.07 10/3/2005 12/1/2005 11/1/2035 1768 297.66 10/6/2005 12/1/2005 11/1/2035 1769 4848.13 9/21/2005 11/1/2005 10/1/2035 1770 1862.2 10/6/2005 12/1/2005 11/1/2035 1771 339.69 10/20/2005 12/1/2005 11/1/2035 1772 1036.91 9/30/2005 11/1/2005 10/1/2035 1773 1708.42 9/26/2005 11/1/2005 10/1/2035 1774 1693.53 10/6/2005 12/1/2005 11/1/2035 1775 789.15 9/28/2005 11/1/2005 10/1/2035 1776 768.6 9/28/2005 11/1/2005 10/1/2035 1777 313.64 10/11/2005 12/1/2005 11/1/2035 1778 1547.45 10/12/2005 12/1/2005 11/1/2035 1779 510.8 10/12/2005 12/1/2005 11/1/2035 1780 1344.84 9/28/2005 12/1/2005 11/1/2035 1781 1051.1 10/3/2005 12/1/2005 11/1/2035 1782 1289.66 10/3/2005 12/1/2005 11/1/2035 1783 1115.6 10/10/2005 12/1/2005 11/1/2035 1784 1139.41 10/11/2005 12/1/2005 11/1/2035 1785 709.85 9/27/2005 12/1/2005 11/1/2035 1786 1006.22 10/6/2005 12/1/2005 11/1/2035 1787 1446.67 9/27/2005 11/1/2005 10/1/2035 1788 484.67 9/27/2005 12/1/2005 11/1/2035 1789 1208.32 10/13/2005 12/1/2005 11/1/2035 1790 1939.19 10/5/2005 12/1/2005 11/1/2035 1791 2738.56 9/30/2005 12/1/2005 11/1/2035 1792 532.82 9/29/2005 11/1/2005 10/1/2035 1793 703.04 10/5/2005 12/1/2005 11/1/2035 1794 3746.29 10/25/2005 12/1/2005 11/1/2035 1795 405.37 10/11/2005 12/1/2005 11/1/2035 1796 205.67 9/28/2005 11/1/2005 10/1/2035 1797 517.15 9/28/2005 11/1/2005 10/1/2035 1798 884.3 10/24/2005 12/1/2005 11/1/2035 1799 1626.26 10/3/2005 12/1/2005 11/1/2035 1800 317.42 10/6/2005 12/1/2005 11/1/2035 1801 695.42 10/13/2005 12/1/2005 11/1/2035 1802 2530 10/3/2005 12/1/2005 11/1/2035 1803 1012 10/3/2005 12/1/2005 11/1/2035 1804 2082.68 10/6/2005 12/1/2005 11/1/2035 1805 3385.63 9/26/2005 11/1/2005 10/1/2035 1806 350.09 10/5/2005 12/1/2005 11/1/2035 1807 468.23 9/30/2005 12/1/2005 11/1/2035 1808 270.63 9/26/2005 11/1/2005 10/1/2035 1809 164.22 10/3/2005 12/1/2005 11/1/2015 1810 234.14 10/10/2005 12/1/2005 11/1/2020 1811 2546 10/7/2005 12/1/2005 11/1/2035 1812 216.73 10/13/2005 12/1/2005 11/1/2035 1813 1241.66 10/8/2005 12/1/2005 11/1/2035 1814 202.89 10/19/2005 12/1/2005 11/1/2015 1815 715.58 10/6/2005 12/1/2005 11/1/2035 1816 576.23 10/13/2005 12/1/2005 11/1/2035 1817 846.62 10/5/2005 12/1/2005 11/1/2035 1818 1039.49 10/6/2005 12/1/2005 11/1/2035 1819 789.88 10/11/2005 12/1/2005 11/1/2035 1820 424.51 10/28/2005 12/1/2005 11/1/2035 1821 288.67 10/7/2005 12/1/2005 11/1/2035 1822 2646.85 10/14/2005 12/1/2005 11/1/2035 1823 837.98 10/13/2005 12/1/2005 11/1/2035 1824 232.99 10/25/2005 12/1/2005 11/1/2035 1825 640.47 10/17/2005 12/1/2005 11/1/2035 1826 987.91 9/30/2005 12/1/2005 11/1/2035 1827 526.92 10/14/2005 12/1/2005 11/1/2035 1828 1212.6 10/28/2005 12/1/2005 11/1/2035 1829 1310.2 10/7/2005 12/1/2005 11/1/2035 1830 441.98 10/7/2005 12/1/2005 11/1/2035 1831 1840 10/10/2005 12/1/2005 11/1/2035 1832 2283.11 10/11/2005 12/1/2005 11/1/2035 1833 2725.15 10/26/2005 12/1/2005 11/1/2035 1834 1000.7 10/6/2005 12/1/2005 11/1/2035 1835 1214.28 10/6/2005 12/1/2005 11/1/2035 1836 2111.52 10/11/2005 12/1/2005 11/1/2035 1837 1257.57 10/12/2005 12/1/2005 11/1/2035 1838 1528.04 10/6/2005 12/1/2005 11/1/2035 1839 2328.75 10/6/2005 12/1/2005 11/1/2035 1840 1307.16 10/6/2005 12/1/2005 11/1/2035 1841 629.47 10/11/2005 12/1/2005 11/1/2015 1842 1082.09 10/11/2005 12/1/2005 11/1/2035 1843 1708.15 10/7/2005 12/1/2005 11/1/2035 1844 2679.97 10/13/2005 12/1/2005 11/1/2035 1845 1247.31 10/20/2005 12/1/2005 11/1/2035 1846 1608 10/13/2005 12/1/2005 11/1/2035 1847 843.39 10/13/2005 12/1/2005 11/1/2035 1848 3697.86 10/21/2005 12/1/2005 11/1/2035 1849 1550.08 10/14/2005 12/1/2005 11/1/2035 1850 615.05 10/12/2005 12/1/2005 11/1/2035 1851 3076.55 10/20/2005 12/1/2005 11/1/2035 1852 253.23 10/7/2005 12/1/2005 11/1/2035 1853 1936.81 10/13/2005 12/1/2005 11/1/2035 1854 4045.5 10/18/2005 12/1/2005 11/1/2035 1855 1669.56 10/20/2005 12/1/2005 11/1/2035 1856 1009.03 10/24/2005 12/1/2005 11/1/2035 1857 2119.18 10/14/2005 12/1/2005 11/1/2035 1858 1074.2 10/21/2005 12/1/2005 11/1/2035 1859 596.25 10/27/2005 12/1/2005 11/1/2035 1860 3036 10/13/2005 12/1/2005 11/1/2035 1861 580.63 10/13/2005 12/1/2005 11/1/2035 1862 2098.43 10/14/2005 12/1/2005 11/1/2035 1863 3735 10/19/2005 12/1/2005 11/1/2035 1864 768.56 10/25/2005 12/1/2005 11/1/2035 1865 1364 10/13/2005 12/1/2005 11/1/2035 1866 333.36 10/28/2005 12/1/2005 11/1/2035 1867 3143.39 10/14/2005 12/1/2005 11/1/2035 1868 1936.6 10/21/2005 12/1/2005 11/1/2035 1869 1266.56 10/24/2005 12/1/2005 11/1/2035 1870 4147.4 10/13/2005 12/1/2005 11/1/2035 1871 3541.49 10/20/2005 12/1/2005 11/1/2035 1872 156.77 10/26/2005 12/1/2005 11/1/2015 1873 1664.9 10/18/2005 12/1/2005 11/1/2035 1874 1818.67 10/17/2005 12/1/2005 11/1/2035 1875 481.48 10/27/2005 12/1/2005 11/1/2035 1876 708.04 10/17/2005 12/1/2005 11/1/2035 1877 2236.47 10/20/2005 12/1/2005 11/1/2035 1878 774.58 10/17/2005 12/1/2005 11/1/2035 1879 490.41 10/27/2005 12/1/2005 11/1/2035 1880 1692 10/20/2005 12/1/2005 11/1/2035 1881 2439.5 10/21/2005 12/1/2005 11/1/2035 1882 849.46 10/19/2005 12/1/2005 11/1/2035 1883 476.73 10/28/2005 12/1/2005 11/1/2035 1884 3208.75 10/21/2005 12/1/2005 11/1/2035 1885 775.46 10/20/2005 12/1/2005 11/1/2035 1886 431.54 10/21/2005 12/1/2005 11/1/2035 1887 958.61 10/21/2005 12/1/2005 11/1/2035 1888 847.3 10/21/2005 12/1/2005 11/1/2035 1889 1239 10/17/2005 12/1/2005 11/1/2035 1890 2874.11 10/19/2005 12/1/2005 11/1/2035 1891 4191.18 10/24/2005 12/1/2005 11/1/2035 1892 730.77 10/17/2005 12/1/2005 11/1/2035 1893 569.91 10/14/2005 12/1/2005 11/1/2035 1894 698.96 10/21/2005 12/1/2005 11/1/2035 1895 579.99 10/24/2005 12/1/2005 11/1/2035 1896 971.38 10/21/2005 12/1/2005 11/1/2035 1897 967.79 10/21/2005 12/1/2005 11/1/2035 1898 2476.34 10/21/2005 12/1/2005 11/1/2035 1899 528.29 10/20/2005 12/1/2005 11/1/2035 1900 1255.04 10/21/2005 12/1/2005 11/1/2035 1901 706.32 10/24/2005 12/1/2005 11/1/2035 1902 4243.02 9/29/2005 12/1/2005 11/1/2035 1903 1976 9/22/2005 11/1/2005 10/1/2035 1904 787.34 9/22/2005 11/1/2005 10/1/2020 1905 1439.99 7/20/2005 9/1/2005 8/1/2035 1906 1386.17 8/4/2005 10/1/2005 9/1/2035 1907 903.9 9/6/2005 11/1/2005 10/1/2035 1908 699.22 9/1/2005 11/1/2005 10/1/2035 1909 2142.7 10/10/2005 12/1/2005 11/1/2035 1910 1033.57 10/6/2005 12/1/2005 11/1/2035 1911 725.21 10/10/2005 12/1/2005 11/1/2035 1912 970.02 9/16/2005 11/1/2005 10/1/2035 1913 458.95 9/8/2005 11/1/2005 10/1/2035 1914 982.28 9/19/2005 11/1/2005 10/1/2035 1915 1350.39 9/26/2005 11/1/2005 10/1/2035 1916 1328.87 9/19/2005 11/1/2005 10/1/2035 1917 954.5 8/29/2005 10/1/2005 9/1/2035 1918 978.25 10/5/2005 11/1/2005 10/1/2035 1919 718.79 10/3/2005 11/1/2005 10/1/2035 1920 1299.85 10/3/2005 12/1/2005 11/1/2035 1921 2049.96 9/20/2005 11/1/2005 10/1/2035 1922 460.38 10/3/2005 12/1/2005 11/1/2035 1923 840.86 9/13/2005 11/1/2005 10/1/2035 1924 2671.85 9/8/2005 11/1/2005 10/1/2035 1925 1697.16 9/7/2005 11/1/2005 10/1/2035 1926 2943.95 10/3/2005 12/1/2005 11/1/2035 1927 356.44 10/20/2005 12/1/2005 11/1/2020 1928 2739.1 9/9/2005 11/1/2005 10/1/2035 1929 298.18 9/22/2005 11/1/2005 10/1/2025 1930 1855.13 10/11/2005 12/1/2005 11/1/2035 1931 1143.17 10/25/2005 12/1/2005 11/1/2035 1932 2541.04 9/21/2005 11/1/2005 10/1/2035 1933 2314.34 10/24/2005 12/1/2005 11/1/2035 1934 1591.2 9/15/2005 11/1/2005 10/1/2035 1935 3258.06 9/26/2005 11/1/2005 10/1/2035 1936 1728.18 9/29/2005 11/1/2005 10/1/2035 1937 2502.99 10/20/2005 12/1/2005 11/1/2035 1938 194.93 10/12/2005 12/1/2005 11/1/2020 1939 1509.05 9/19/2005 11/1/2005 10/1/2035 1940 584.23 9/29/2005 11/1/2005 10/1/2035 1941 612.44 10/18/2005 12/1/2005 11/1/2035 1942 1975.78 10/12/2005 12/1/2005 11/1/2035 1943 1594.21 9/23/2005 11/1/2005 10/1/2035 1944 1930.53 10/20/2005 12/1/2005 11/1/2035 1945 1287 9/27/2005 11/1/2005 10/1/2035 1946 1305.13 9/28/2005 11/1/2005 10/1/2035 1947 463.2 10/24/2005 12/1/2005 11/1/2035 1948 1607.17 10/4/2005 12/1/2005 11/1/2035 1949 283.84 9/28/2005 11/1/2005 10/1/2020 1950 1901.33 10/12/2005 12/1/2005 11/1/2035 1951 3061.5 9/27/2005 11/1/2005 10/1/2035 1952 612.61 10/20/2005 12/1/2005 11/1/2035 1953 2322.99 10/18/2005 12/1/2005 11/1/2035 1954 433.46 10/3/2005 12/1/2005 11/1/2035 1955 979.69 9/28/2005 11/1/2005 10/1/2035 1956 1174.82 10/11/2005 12/1/2005 11/1/2035 1957 707.64 10/21/2005 12/1/2005 11/1/2035 1958 990.99 9/28/2005 11/1/2005 10/1/2035 1959 439.02 10/10/2005 12/1/2005 11/1/2035 1960 919.52 10/11/2005 12/1/2005 11/1/2035 1961 2333.25 10/20/2005 12/1/2005 11/1/2035 1962 2211.2 9/28/2005 11/1/2005 10/1/2035 1963 1261.94 9/27/2005 11/1/2005 10/1/2035 1964 2802.88 10/7/2005 12/1/2005 11/1/2035 1965 1884.17 10/4/2005 12/1/2005 11/1/2035 1966 1077.65 10/27/2005 12/1/2005 11/1/2035 1967 691.35 10/4/2005 12/1/2005 11/1/2035 1968 225.38 10/21/2005 12/1/2005 11/1/2035 1969 986.67 10/7/2005 12/1/2005 11/1/2035 1970 263.64 10/10/2005 12/1/2005 11/1/2020 1971 811.37 10/26/2005 12/1/2005 11/1/2035 1972 1343.5 9/29/2005 11/1/2005 10/1/2035 1973 1440 10/4/2005 12/1/2005 11/1/2035 1974 1337.25 10/14/2005 12/1/2005 11/1/2035 1975 1223.62 10/6/2005 12/1/2005 11/1/2035 1976 2096.5 10/3/2005 12/1/2005 11/1/2035 1977 2674.67 10/7/2005 12/1/2005 11/1/2035 1978 803.98 9/26/2005 11/1/2005 10/1/2035 1979 4824.7 10/4/2005 12/1/2005 11/1/2035 1980 2464.16 10/5/2005 12/1/2005 11/1/2035 1981 2521.78 10/4/2005 12/1/2005 11/1/2035 1982 2567.71 9/26/2005 11/1/2005 10/1/2035 1983 1551.18 10/25/2005 12/1/2005 11/1/2035 1984 3015 10/18/2005 12/1/2005 11/1/2035 1985 459.47 10/14/2005 12/1/2005 11/1/2035 1986 2609.6 10/6/2005 12/1/2005 11/1/2035 1987 1073.42 10/5/2005 12/1/2005 11/1/2035 1988 631.36 10/18/2005 12/1/2005 11/1/2035 1989 700.82 10/4/2005 12/1/2005 11/1/2035 1990 2100.24 10/27/2005 12/1/2005 11/1/2035 1991 990.83 10/3/2005 12/1/2005 11/1/2035 1992 1180.7 10/13/2005 12/1/2005 11/1/2035 1993 2218.51 10/5/2005 12/1/2005 11/1/2035 1994 631.38 10/5/2005 12/1/2005 11/1/2035 1995 2688 9/28/2005 11/1/2005 10/1/2035 1996 2213.5 10/11/2005 12/1/2005 11/1/2035 1997 354.92 10/27/2005 12/1/2005 11/1/2035 1998 946.51 10/5/2005 12/1/2005 11/1/2035 1999 889.66 10/12/2005 12/1/2005 11/1/2035 2000 1034.67 10/7/2005 12/1/2005 11/1/2035 2001 1957.2 10/3/2005 12/1/2005 11/1/2035 2002 1099.55 9/28/2005 11/1/2005 10/1/2035 2003 951.33 10/12/2005 12/1/2005 11/1/2035 2004 2625.21 10/5/2005 12/1/2005 11/1/2035 2005 392.66 10/13/2005 12/1/2005 11/1/2035 2006 570.38 10/12/2005 12/1/2005 11/1/2035 2007 1579.37 10/4/2005 12/1/2005 11/1/2035 2008 1115.05 10/10/2005 12/1/2005 11/1/2035 2009 1877.55 10/4/2005 12/1/2005 11/1/2035 2010 920.68 10/3/2005 12/1/2005 11/1/2035 2011 3307.34 10/3/2005 12/1/2005 11/1/2035 2012 558.55 10/11/2005 12/1/2005 11/1/2035 2013 1929.26 10/10/2005 12/1/2005 11/1/2035 2014 900.38 10/6/2005 12/1/2005 11/1/2035 2015 2991.57 10/13/2005 12/1/2005 11/1/2035 2016 3330.49 10/4/2005 12/1/2005 11/1/2035 2017 2335.7 10/12/2005 12/1/2005 11/1/2035 2018 669.91 10/6/2005 12/1/2005 11/1/2035 2019 139.13 10/13/2005 12/1/2005 11/1/2015 2020 2153.15 10/7/2005 12/1/2005 11/1/2035 2021 2023.53 9/30/2005 12/1/2005 11/1/2035 2022 1541.95 10/14/2005 12/1/2005 11/1/2035 2023 1523.48 10/20/2005 12/1/2005 11/1/2035 2024 611.12 10/18/2005 12/1/2005 11/1/2035 2025 514.45 10/7/2005 12/1/2005 11/1/2035 2026 1261.02 10/12/2005 12/1/2005 11/1/2035 2027 2833.33 9/29/2005 11/1/2005 10/1/2035 2028 2288.65 8/10/2005 10/1/2005 9/1/2035 2029 980.88 9/22/2005 11/1/2005 10/1/2035 2030 2881.93 9/28/2005 12/1/2005 11/1/2035 2031 3211.08 9/26/2005 11/1/2005 10/1/2035 2032 600.37 10/19/2005 12/1/2005 11/1/2035 2033 1110.72 10/3/2005 12/1/2005 11/1/2035 2034 4653.91 10/19/2005 12/1/2005 11/1/2035 2035 230.25 10/3/2005 12/1/2005 11/1/2020 2036 1953.65 9/2/2005 11/1/2005 10/1/2035 2037 1292 7/7/2005 9/1/2005 8/1/2035 2038 1185.9 9/30/2005 11/1/2005 10/1/2035 2039 3194.44 9/14/2005 11/1/2005 10/1/2035 2040 1007.02 10/6/2005 12/1/2005 11/1/2035 2041 463.48 10/6/2005 12/1/2005 11/1/2035 2042 1924.27 10/14/2005 12/1/2005 11/1/2035 2043 1714.78 9/1/2005 11/1/2005 10/1/2035 2044 618.57 9/20/2005 11/1/2005 10/1/2035 2045 727.41 9/15/2005 11/1/2005 10/1/2035 2046 991.57 9/13/2005 11/1/2005 10/1/2035 2047 1163.85 9/12/2005 11/1/2005 10/1/2035 2048 1187.32 9/9/2005 11/1/2005 10/1/2035 2049 1233.93 10/20/2005 12/1/2005 11/1/2035 2050 1914.14 9/14/2005 11/1/2005 10/1/2035 2051 383.45 9/9/2005 11/1/2005 10/1/2035 2052 1903.52 10/13/2005 12/1/2005 11/1/2035 2053 657.95 10/13/2005 12/1/2005 11/1/2035 2054 1379.3 9/13/2005 11/1/2005 10/1/2035 2055 1192.55 9/28/2005 12/1/2005 11/1/2035 2056 1545.96 10/7/2005 12/1/2005 11/1/2035 2057 1358.96 9/14/2005 11/1/2005 10/1/2035 2058 822.29 9/21/2005 11/1/2005 10/1/2035 2059 754.66 9/22/2005 11/1/2005 10/1/2035 2060 939.93 9/15/2005 11/1/2005 10/1/2035 2061 878.05 9/30/2005 12/1/2005 11/1/2035 2062 1316.47 10/18/2005 12/1/2005 11/1/2035 2063 874.58 9/26/2005 11/1/2005 10/1/2035 2064 1551.88 10/3/2005 12/1/2005 11/1/2035 2065 1206.2 10/7/2005 12/1/2005 11/1/2035 2066 826.35 9/21/2005 11/1/2005 10/1/2035 2067 3197.95 10/7/2005 12/1/2005 11/1/2035 2068 6233.32 10/14/2005 12/1/2005 11/1/2035 2069 1770.58 9/22/2005 11/1/2005 10/1/2035 2070 481.81 10/7/2005 12/1/2005 11/1/2035 2071 716.42 9/26/2005 11/1/2005 10/1/2035 2072 734.76 9/16/2005 11/1/2005 10/1/2035 2073 1365.71 10/18/2005 12/1/2005 11/1/2035 2074 1207.4 9/26/2005 11/1/2005 10/1/2035 2075 1566.95 9/30/2005 11/1/2005 10/1/2035 2076 1251.6 10/3/2005 12/1/2005 11/1/2035 2077 678.01 9/30/2005 11/1/2005 10/1/2035 2078 1224.34 10/4/2005 12/1/2005 11/1/2035 2079 248.1 9/30/2005 11/1/2005 10/1/2035 2080 1557.45 9/27/2005 12/1/2005 11/1/2035 2081 444.17 10/3/2005 12/1/2005 11/1/2035 2082 761.4 10/21/2005 12/1/2005 11/1/2035 2083 1221.88 10/18/2005 12/1/2005 11/1/2035 2084 1707.23 9/28/2005 12/1/2005 11/1/2035 2085 1139.77 10/12/2005 12/1/2005 11/1/2035 2086 958.26 10/12/2005 12/1/2005 11/1/2035 2087 1516.39 10/19/2005 12/1/2005 11/1/2035 2088 273.17 10/7/2005 12/1/2005 11/1/2020 2089 781.01 10/3/2005 12/1/2005 11/1/2035 2090 1774.17 10/5/2005 11/1/2005 10/1/2035 2091 1066.58 10/4/2005 12/1/2005 11/1/2035 2092 1296.79 10/13/2005 12/1/2005 11/1/2035 2093 1590.7 9/29/2005 11/1/2005 10/1/2035 2094 508.48 9/29/2005 11/1/2005 10/1/2035 2095 288.54 10/21/2005 12/1/2005 11/1/2035 2096 356.36 10/12/2005 12/1/2005 11/1/2035 2097 1391.13 10/17/2005 12/1/2005 11/1/2035 2098 639.59 10/7/2005 12/1/2005 11/1/2035 2099 2006 10/12/2005 12/1/2005 11/1/2035 2100 2077.14 10/18/2005 12/1/2005 11/1/2035 2101 246.46 10/7/2005 12/1/2005 11/1/2035 2102 474 10/14/2005 12/1/2005 11/1/2035 2103 1780.25 10/7/2005 11/1/2005 10/1/2035 2104 172.65 10/14/2005 12/1/2005 11/1/2020 2105 3700.96 10/17/2005 12/1/2005 11/1/2035 2106 4599.53 10/20/2005 12/1/2005 11/1/2035 2107 1387.64 10/7/2005 12/1/2005 11/1/2035 2108 760.5 10/10/2005 12/1/2005 11/1/2035 2109 925.32 10/20/2005 12/1/2005 11/1/2035 2110 1238.03 10/18/2005 12/1/2005 11/1/2035 2111 830.26 10/17/2005 12/1/2005 11/1/2035 2112 805.95 10/7/2005 12/1/2005 11/1/2035 2113 376.57 10/21/2005 12/1/2005 11/1/2035 2114 1297.74 10/20/2005 12/1/2005 11/1/2035 2115 568.85 10/25/2005 12/1/2005 11/1/2035 2116 478.21 10/12/2005 12/1/2005 11/1/2035 2117 1080.66 9/26/2005 11/1/2005 10/1/2035 2118 733.07 9/20/2005 11/1/2005 10/1/2035 2119 226.19 10/13/2005 12/1/2005 11/1/2015 2120 374.9 9/26/2005 11/1/2005 10/1/2035 2121 2126.82 10/5/2005 12/1/2005 11/1/2035 2122 2512.17 10/5/2005 12/1/2005 11/1/2035 2123 2516.4 10/4/2005 12/1/2005 11/1/2035 2124 965.79 10/4/2005 12/1/2005 11/1/2035 2125 249.59 10/14/2005 12/1/2005 11/1/2020 2126 722.26 10/6/2005 12/1/2005 11/1/2035 2127 396.27 9/29/2005 12/1/2005 11/1/2035 2128 1412.69 10/7/2005 12/1/2005 11/1/2035 2129 2821.56 10/11/2005 12/1/2005 11/1/2035 2130 703.54 10/19/2005 12/1/2005 11/1/2035 2131 1449.88 9/9/2005 11/1/2005 10/1/2035 2132 445.57 10/24/2005 12/1/2005 11/1/2035 2133 3155.32 9/28/2005 11/1/2005 10/1/2035 2134 1371.31 10/11/2005 12/1/2005 11/1/2035 2135 849.58 10/5/2005 12/1/2005 11/1/2035 2136 781.52 10/13/2005 12/1/2005 11/1/2035 2137 687.8 10/7/2005 12/1/2005 11/1/2035 2138 758.38 10/26/2005 12/1/2005 11/1/2035 2139 945.63 9/13/2005 11/1/2005 10/1/2035 2140 243.71 10/6/2005 12/1/2005 11/1/2035 2141 1838.32 10/3/2005 11/1/2005 10/1/2035 2142 2089.45 9/23/2005 11/1/2005 10/1/2035 2143 1945.18 10/14/2005 12/1/2005 11/1/2035 2144 587.18 10/6/2005 12/1/2005 11/1/2035 2145 412.87 9/30/2005 11/1/2005 10/1/2035 2146 653.26 10/25/2005 12/1/2005 11/1/2035 2147 737.44 10/27/2005 12/1/2005 11/1/2035 2148 873.98 10/3/2005 12/1/2005 11/1/2035 2149 3941.48 10/3/2005 12/1/2005 11/1/2035 2150 1642.71 10/21/2005 12/1/2005 11/1/2035 2151 534.2 10/25/2005 12/1/2005 11/1/2035 2152 1074.63 9/26/2005 11/1/2005 10/1/2035 2153 2541.44 9/30/2005 12/1/2005 11/1/2035 2154 446.03 9/27/2005 11/1/2005 10/1/2035 2155 1272.56 9/27/2005 11/1/2005 10/1/2035 2156 1197.3 9/29/2005 11/1/2005 10/1/2035 2157 1229.13 9/26/2005 11/1/2005 10/1/2035 2158 1831.45 9/29/2005 12/1/2005 11/1/2035 2159 1039.39 10/26/2005 12/1/2005 11/1/2035 2160 249.35 10/14/2005 12/1/2005 11/1/2020 2161 1944 10/13/2005 12/1/2005 11/1/2035 2162 1047.41 10/13/2005 12/1/2005 11/1/2035 2163 1036.91 10/26/2005 12/1/2005 11/1/2035 2164 1862.68 10/11/2005 12/1/2005 11/1/2035 2165 1786.81 10/6/2005 12/1/2005 11/1/2035 2166 2241.37 10/18/2005 12/1/2005 11/1/2035 2167 1622.72 10/11/2005 12/1/2005 11/1/2035 2168 1310.52 9/27/2005 12/1/2005 11/1/2035 2169 698.53 10/18/2005 12/1/2005 11/1/2035 2170 391.23 10/5/2005 12/1/2005 11/1/2035 2171 549.02 9/26/2005 11/1/2005 10/1/2035 2172 448.25 10/12/2005 12/1/2005 11/1/2035 2173 722.2 10/6/2005 12/1/2005 11/1/2035 2174 1989.43 9/30/2005 12/1/2005 11/1/2035 2175 1036.6 10/7/2005 12/1/2005 11/1/2035 2176 1042.94 10/7/2005 12/1/2005 11/1/2035 2177 704.86 10/13/2005 12/1/2005 11/1/2035 2178 1152.34 10/5/2005 12/1/2005 11/1/2035 2179 1807.8 9/21/2005 11/1/2005 10/1/2035 2180 544.17 10/21/2005 12/1/2005 11/1/2035 2181 2064.92 10/13/2005 12/1/2005 11/1/2035 2182 2760.77 10/18/2005 12/1/2005 11/1/2035 2183 908.62 10/4/2005 12/1/2005 11/1/2035 2184 1238.17 10/7/2005 12/1/2005 11/1/2035 2185 191.51 10/13/2005 12/1/2005 11/1/2020 2186 1548.24 9/30/2005 12/1/2005 11/1/2035 2187 1376.73 9/27/2005 11/1/2005 10/1/2035 2188 1355.09 9/1/2005 11/1/2005 10/1/2035 2189 942.78 10/17/2005 12/1/2005 11/1/2035 2190 1624.25 9/2/2005 11/1/2005 10/1/2035 2191 1450.55 10/14/2005 12/1/2005 11/1/2035 2192 396.93 10/10/2005 12/1/2005 11/1/2035 2193 702.12 10/19/2005 12/1/2005 11/1/2035 2194 2022.44 9/23/2005 11/1/2005 10/1/2035 2195 887.3 9/23/2005 11/1/2005 10/1/2035 2196 3937.5 10/5/2005 12/1/2005 11/1/2035 2197 757.02 10/3/2005 12/1/2005 11/1/2035 2198 1471.5 10/5/2005 12/1/2005 11/1/2035 2199 1481 9/29/2005 11/1/2005 10/1/2035 2200 726.77 9/26/2005 11/1/2005 10/1/2035 2201 1235.81 9/26/2005 11/1/2005 10/1/2035 2202 914.16 10/4/2005 12/1/2005 11/1/2035 2203 2056.72 9/19/2005 11/1/2005 10/1/2035 2204 651.39 10/4/2005 12/1/2005 11/1/2035 2205 273.17 9/30/2005 11/1/2005 10/1/2035 2206 1209.15 10/3/2005 12/1/2005 11/1/2035 2207 730 9/20/2005 11/1/2005 10/1/2035 2208 886.83 10/7/2005 12/1/2005 11/1/2035 2209 2654.83 10/20/2005 12/1/2005 11/1/2035 2210 299.92 10/18/2005 12/1/2005 11/1/2035 2211 4036.8 10/28/2005 12/1/2005 11/1/2035 2212 726 10/25/2005 12/1/2005 11/1/2035 2213 716 10/20/2005 12/1/2005 11/1/2035 2214 1629.83 10/19/2005 12/1/2005 11/1/2035 2215 1031.5 10/20/2005 12/1/2005 11/1/2035 2216 2091.76 10/18/2005 12/1/2005 11/1/2035 2217 4837.25 10/17/2005 12/1/2005 11/1/2035 2218 1253.9 10/5/2005 12/1/2005 11/1/2035 2219 1827.5 10/3/2005 12/1/2005 11/1/2035 2220 2669.44 10/20/2005 12/1/2005 11/1/2035 2221 1483.48 10/21/2005 12/1/2005 11/1/2035 2222 1511.71 10/26/2005 12/1/2005 11/1/2035 2223 2595.08 10/21/2005 12/1/2005 11/1/2035 2224 702.88 10/21/2005 12/1/2005 11/1/2035 2225 544.4 10/26/2005 12/1/2005 11/1/2035 2226 2283.01 10/28/2005 12/1/2005 11/1/2035 2227 5065.16 10/18/2005 12/1/2005 11/1/2035 2228 569.29 10/31/2005 12/1/2005 11/1/2035 2229 638.4 10/25/2005 12/1/2005 11/1/2035 2230 1505.95 10/17/2005 12/1/2005 11/1/2035 2231 638.7 10/27/2005 12/1/2005 11/1/2035 2232 2253.8 10/19/2005 12/1/2005 11/1/2035 2233 1959.72 10/20/2005 12/1/2005 11/1/2035 2234 251.41 10/25/2005 12/1/2005 11/1/2035 2235 1193.81 10/17/2005 12/1/2005 11/1/2035 2236 1390.43 9/22/2005 11/1/2005 10/1/2035 2237 756.62 10/5/2005 12/1/2005 11/1/2035 2238 618.52 9/19/2005 11/1/2005 10/1/2035 2239 1458.78 9/23/2005 11/1/2005 10/1/2035 2240 830.68 9/22/2005 11/1/2005 10/1/2035 2241 1258.59 10/21/2005 12/1/2005 11/1/2035 2242 761.84 10/13/2005 12/1/2005 11/1/2035 2243 1147.39 10/24/2005 12/1/2005 11/1/2035 2244 686 8/24/2005 10/1/2005 9/1/2035 2245 1703.65 10/19/2005 12/1/2005 11/1/2035 2246 1344.88 9/20/2005 11/1/2005 10/1/2035 2247 1331.61 9/15/2005 11/1/2005 10/1/2035 2248 2326.02 10/13/2005 12/1/2005 11/1/2035 2249 780.98 9/20/2005 11/1/2005 10/1/2035 2250 1269.69 9/27/2005 12/1/2005 11/1/2035 2251 418.85 9/27/2005 12/1/2005 11/1/2035 2252 457.37 9/27/2005 11/1/2005 10/1/2035 2253 177.08 10/11/2005 12/1/2005 11/1/2015 2254 2908.64 9/13/2005 11/1/2005 10/1/2035 2255 3454.76 10/21/2005 12/1/2005 11/1/2035 2256 1164.32 10/21/2005 12/1/2005 11/1/2035 2257 316.26 9/27/2005 11/1/2005 10/1/2035 2258 261.28 10/14/2005 12/1/2005 11/1/2020 2259 953.89 9/26/2005 11/1/2005 10/1/2035 2260 474.99 10/12/2005 12/1/2005 11/1/2035 2261 227.04 10/13/2005 12/1/2005 11/1/2035 2262 981.67 10/21/2005 12/1/2005 11/1/2035 2263 1020.73 10/7/2005 12/1/2005 11/1/2035 2264 922.6 10/24/2005 12/1/2005 11/1/2035 2265 225.81 10/4/2005 11/1/2005 10/1/2020 2266 3589.01 9/30/2005 12/1/2005 11/1/2035 2267 705.87 10/14/2005 12/1/2005 11/1/2035 2268 232.81 10/14/2005 12/1/2005 11/1/2035 2269 1522.26 10/11/2005 12/1/2005 11/1/2035 2270 500.8 10/11/2005 12/1/2005 11/1/2035 2271 528.35 10/14/2005 12/1/2005 11/1/2035 2272 716.42 9/30/2005 12/1/2005 11/1/2035 2273 1201.69 9/26/2005 11/1/2005 10/1/2035 2274 240.65 10/18/2005 12/1/2005 11/1/2020 2275 954.74 10/12/2005 12/1/2005 11/1/2035 2276 1520.21 9/28/2005 11/1/2005 10/1/2035 2277 485.88 10/12/2005 12/1/2005 11/1/2035 2278 385.72 9/30/2005 11/1/2005 10/1/2035 2279 530.55 9/28/2005 11/1/2005 10/1/2035 2280 274.91 10/27/2005 12/1/2005 11/1/2010 2281 1255.96 9/28/2005 12/1/2005 11/1/2035 2282 859.62 9/27/2005 11/1/2005 10/1/2035 2283 938.65 9/29/2005 11/1/2005 10/1/2035 2284 1569.45 10/3/2005 12/1/2005 11/1/2035 2285 596.8 10/21/2005 12/1/2005 11/1/2035 2286 567.58 10/27/2005 12/1/2005 11/1/2035 2287 2216.55 10/7/2005 12/1/2005 11/1/2035 2288 537.29 10/25/2005 12/1/2005 11/1/2035 2289 844.76 10/12/2005 12/1/2005 11/1/2035 2290 844.66 10/21/2005 12/1/2005 11/1/2035 2291 622.24 9/23/2005 11/1/2005 10/1/2035 2292 865.54 10/19/2005 12/1/2005 11/1/2035 2293 83.36 9/30/2005 11/1/2005 10/1/2035 2294 197.2 9/29/2005 12/1/2005 11/1/2015 2295 958.4 9/26/2005 11/1/2005 10/1/2035 2296 4542.32 10/4/2005 12/1/2005 11/1/2035 2297 549.86 10/5/2005 12/1/2005 11/1/2035 2298 812.34 9/21/2005 11/1/2005 10/1/2035 2299 2163.43 10/7/2005 12/1/2005 11/1/2035 2300 1795.5 10/4/2005 12/1/2005 11/1/2035 2301 258.87 10/21/2005 12/1/2005 11/1/2020 2302 1471.07 9/21/2005 11/1/2005 10/1/2035 2303 752.7 9/30/2005 11/1/2005 10/1/2035 2304 497.61 10/3/2005 12/1/2005 11/1/2035 2305 491.86 10/7/2005 12/1/2005 11/1/2035 2306 806.01 9/26/2005 11/1/2005 10/1/2035 2307 1107.84 9/30/2005 11/1/2005 10/1/2035 2308 166.3 10/5/2005 11/1/2005 10/1/2010 2309 1981.3 10/5/2005 12/1/2005 11/1/2035 2310 557.08 10/14/2005 12/1/2005 11/1/2035 2311 373.39 10/26/2005 12/1/2005 11/1/2035 2312 697.92 9/30/2005 11/1/2005 10/1/2035 2313 1571.96 9/27/2005 12/1/2005 11/1/2035 2314 1191.99 10/6/2005 12/1/2005 11/1/2035 2315 99.28 10/10/2005 12/1/2005 11/1/2015 2316 690.83 10/21/2005 12/1/2005 11/1/2035 2317 658.07 10/7/2005 12/1/2005 11/1/2035 2318 618.99 10/3/2005 12/1/2005 11/1/2035 2319 150.33 10/17/2005 12/1/2005 11/1/2015 2320 727.56 10/11/2005 12/1/2005 11/1/2035 2321 838.76 10/3/2005 11/1/2005 10/1/2035 2322 221.99 10/11/2005 12/1/2005 11/1/2035 2323 397.17 9/26/2005 11/1/2005 10/1/2035 2324 231.74 10/3/2005 12/1/2005 11/1/2020 2325 2508.17 8/26/2005 10/1/2005 9/1/2035 2326 1185.2 9/12/2005 11/1/2005 10/1/2035 2327 736.06 9/27/2005 11/1/2005 10/1/2035 2328 2322.22 8/30/2005 10/1/2005 9/1/2035 2329 2682.76 8/29/2005 10/1/2005 9/1/2035 2330 990.91 10/18/2005 11/1/2005 10/1/2035 2331 269.57 10/14/2005 12/1/2005 11/1/2035 2332 3379.46 10/18/2005 12/1/2005 11/1/2035 2333 780.33 9/15/2005 11/1/2005 10/1/2035 2334 1241.62 9/23/2005 11/1/2005 10/1/2035 2335 1130.07 9/19/2005 11/1/2005 10/1/2035 2336 1811.09 10/3/2005 11/1/2005 10/1/2035 2337 811.62 10/20/2005 12/1/2005 11/1/2035 2338 333.65 10/7/2005 12/1/2005 11/1/2035 2339 1941.27 9/1/2005 11/1/2005 10/1/2035 2340 856.43 9/30/2005 11/1/2005 10/1/2035 2341 1367.59 9/12/2005 11/1/2005 10/1/2035 2342 4617.88 9/23/2005 11/1/2005 10/1/2035 2343 5014.98 10/26/2005 12/1/2005 11/1/2035 2344 5162.34 9/13/2005 11/1/2005 10/1/2035 2345 3155.34 9/19/2005 11/1/2005 10/1/2035 2346 1390.43 10/12/2005 12/1/2005 11/1/2035 2347 2134.29 10/25/2005 12/1/2005 11/1/2035 2348 751.74 10/25/2005 12/1/2005 11/1/2035 2349 2784.56 9/28/2005 11/1/2005 10/1/2035 2350 3133.58 9/9/2005 11/1/2005 10/1/2035 2351 3848.38 9/23/2005 11/1/2005 10/1/2035 2352 1179.15 9/26/2005 11/1/2005 10/1/2035 2353 2140.72 10/5/2005 12/1/2005 11/1/2035 2354 652.28 10/10/2005 12/1/2005 11/1/2035 2355 849.17 10/3/2005 12/1/2005 11/1/2035 2356 3001.98 10/21/2005 12/1/2005 11/1/2035 2357 574.73 10/3/2005 11/1/2005 10/1/2035 2358 1377.68 10/18/2005 12/1/2005 11/1/2035 2359 1526.13 10/14/2005 12/1/2005 11/1/2035 2360 667.46 9/28/2005 11/1/2005 10/1/2035 2361 1943.4 10/20/2005 12/1/2005 11/1/2035 2362 1349 10/3/2005 12/1/2005 11/1/2035 2363 5121.22 10/7/2005 12/1/2005 11/1/2035 2364 451.22 10/17/2005 12/1/2005 11/1/2035 2365 702.77 10/19/2005 12/1/2005 11/1/2035 2366 505.74 10/3/2005 12/1/2005 11/1/2035 2367 2057.15 9/30/2005 12/1/2005 11/1/2035 2368 1524.49 9/30/2005 11/1/2005 10/1/2035 2369 705.48 10/4/2005 12/1/2005 11/1/2035 2370 828.57 10/5/2005 12/1/2005 11/1/2035 2371 1710.94 10/5/2005 12/1/2005 11/1/2035 2372 1318.98 9/26/2005 11/1/2005 10/1/2035 2373 879.8 10/19/2005 12/1/2005 11/1/2035 2374 141.23 10/14/2005 12/1/2005 11/1/2015 2375 1186.27 10/5/2005 12/1/2005 11/1/2035 2376 150.29 10/3/2005 11/1/2005 10/1/2010 2377 727.43 10/4/2005 12/1/2005 11/1/2035 2378 606.81 9/27/2005 11/1/2005 10/1/2035 2379 269.88 9/27/2005 11/1/2005 10/1/2020 2380 1226.6 10/7/2005 12/1/2005 11/1/2035 2381 275.84 10/4/2005 12/1/2005 11/1/2035 2382 942.81 10/6/2005 12/1/2005 11/1/2035 2383 226.76 10/3/2005 12/1/2005 11/1/2020 2384 676.14 9/30/2005 12/1/2005 11/1/2035 2385 260.51 10/10/2005 12/1/2005 11/1/2035 2386 1342 10/4/2005 12/1/2005 11/1/2035 2387 629.79 10/4/2005 12/1/2005 11/1/2035 2388 291.59 10/19/2005 12/1/2005 11/1/2035 2389 257.12 10/18/2005 12/1/2005 11/1/2020 2390 1274.09 9/26/2005 11/1/2005 10/1/2035 2391 605.36 10/14/2005 12/1/2005 11/1/2035 2392 852.96 10/19/2005 12/1/2005 11/1/2035 2393 1231.65 10/21/2005 12/1/2005 11/1/2035 2394 273.59 10/17/2005 12/1/2005 11/1/2020 2395 764.67 10/14/2005 12/1/2005 11/1/2035 2396 1297.42 10/10/2005 12/1/2005 11/1/2035 2397 229.31 10/7/2005 12/1/2005 11/1/2010 2398 272.46 10/13/2005 12/1/2005 11/1/2035 2399 1517.56 10/4/2005 11/1/2005 10/1/2035 2400 563.24 9/30/2005 12/1/2005 11/1/2035 2401 868.4 10/11/2005 12/1/2005 11/1/2035 2402 341.46 10/20/2005 12/1/2005 11/1/2020 2403 752.27 9/30/2005 12/1/2005 11/1/2035 2404 1602.06 9/28/2005 11/1/2005 10/1/2035 2405 3191.11 9/2/2005 11/1/2005 10/1/2035 2406 1059.12 10/25/2005 12/1/2005 11/1/2035 2407 2386.87 10/21/2005 12/1/2005 11/1/2035 2408 4652.25 10/19/2005 12/1/2005 11/1/2035 2409 1219.58 10/21/2005 12/1/2005 11/1/2035 2410 609.51 10/19/2005 12/1/2005 11/1/2035 2411 1393.98 10/14/2005 12/1/2005 11/1/2035 2412 875.55 10/5/2005 12/1/2005 11/1/2035 2413 720.14 10/7/2005 12/1/2005 11/1/2035 2414 794.83 10/27/2005 12/1/2005 11/1/2035 2415 683.11 10/6/2005 12/1/2005 11/1/2035 2416 875.73 10/6/2005 12/1/2005 11/1/2035 2417 937.03 10/14/2005 12/1/2005 11/1/2035 2418 1296.08 10/14/2005 12/1/2005 11/1/2035 2419 725.77 10/12/2005 12/1/2005 11/1/2035 2420 5009.46 10/28/2005 12/1/2005 11/1/2035 2421 3460.19 9/19/2005 11/1/2005 10/1/2035 2422 1471.99 9/12/2005 11/1/2005 10/1/2035 2423 1557.75 9/27/2005 11/1/2005 10/1/2035 2424 806.04 9/16/2005 11/1/2005 10/1/2035 2425 1495.05 9/9/2005 11/1/2005 10/1/2035 2426 533.9 9/9/2005 11/1/2005 10/1/2020 2427 1063.96 9/20/2005 11/1/2005 10/1/2035 2428 397.56 9/7/2005 11/1/2005 10/1/2020 2429 874.01 9/19/2005 11/1/2005 10/1/2035 2430 1927 9/15/2005 11/1/2005 10/1/2035 2431 852.84 9/15/2005 11/1/2005 10/1/2020 2432 1350.43 9/20/2005 11/1/2005 10/1/2020 2433 575.78 10/5/2005 12/1/2005 11/1/2035 2434 1316.37 9/27/2005 11/1/2005 10/1/2035 2435 824.42 10/21/2005 12/1/2005 11/1/2035 2436 3008.94 10/13/2005 12/1/2005 11/1/2035 2437 579.35 10/7/2005 12/1/2005 11/1/2035 2438 1922.67 9/16/2005 11/1/2005 10/1/2035 2439 789.83 10/3/2005 11/1/2005 10/1/2035 2440 1085.56 10/3/2005 12/1/2005 11/1/2035 2441 177.78 10/14/2005 12/1/2005 11/1/2015 2442 1751.07 10/12/2005 12/1/2005 11/1/2035 2443 533.44 10/6/2005 12/1/2005 11/1/2035 2444 252.3 10/3/2005 11/1/2005 10/1/2035 2445 1427.73 9/23/2005 11/1/2005 10/1/2035 2446 269.09 10/3/2005 12/1/2005 11/1/2035 2447 2579.4 10/18/2005 12/1/2005 11/1/2035 2448 741.48 9/29/2005 12/1/2005 11/1/2035 2449 2811.15 10/28/2005 12/1/2005 11/1/2035 2450 668.51 10/27/2005 12/1/2005 11/1/2035 2451 2392.68 10/6/2005 12/1/2005 11/1/2035 2452 5208.02 10/21/2005 12/1/2005 11/1/2035 2453 1527.5 10/17/2005 12/1/2005 11/1/2035 2454 3295.31 10/11/2005 12/1/2005 11/1/2035 2455 1847.16 10/17/2005 12/1/2005 11/1/2035 2456 2408.12 10/6/2005 12/1/2005 11/1/2035 2457 1441.69 10/6/2005 12/1/2005 11/1/2035 2458 942.75 10/7/2005 12/1/2005 11/1/2035 2459 2275.85 10/6/2005 12/1/2005 11/1/2035 2460 1896.83 10/21/2005 12/1/2005 11/1/2035 2461 978.97 10/5/2005 12/1/2005 11/1/2035 2462 745.31 10/11/2005 12/1/2005 11/1/2035 2463 1000.26 10/11/2005 12/1/2005 11/1/2035 2464 732.8 9/30/2005 11/1/2005 10/1/2035 2465 1496.1 9/15/2005 11/1/2005 10/1/2035 2466 495.06 9/15/2005 11/1/2005 10/1/2020 2467 2362.5 9/22/2005 11/1/2005 10/1/2035 2468 992.01 9/22/2005 11/1/2005 10/1/2020 2469 572.62 9/26/2005 11/1/2005 10/1/2035 2470 249.48 9/26/2005 11/1/2005 10/1/2020 2471 1898.33 9/23/2005 11/1/2005 10/1/2035 2472 2073.89 9/21/2005 11/1/2005 10/1/2035 2473 859 9/21/2005 11/1/2005 10/1/2020 2474 2026.38 9/23/2005 11/1/2005 10/1/2035 2475 1680.94 9/27/2005 11/1/2005 10/1/2035 2476 1150.62 9/28/2005 12/1/2005 11/1/2035 2477 2818.8 9/29/2005 12/1/2005 11/1/2035 2478 553.69 10/17/2005 12/1/2005 11/1/2035 2479 2353.93 10/5/2005 12/1/2005 11/1/2035 2480 1924.69 10/11/2005 12/1/2005 11/1/2035 2481 1037.17 10/11/2005 12/1/2005 11/1/2035 2482 2613 10/10/2005 12/1/2005 11/1/2035 2483 1164.17 10/7/2005 12/1/2005 11/1/2035 2484 1149.51 10/20/2005 12/1/2005 11/1/2035 2485 1619.13 10/7/2005 12/1/2005 11/1/2035 2486 1965 10/4/2005 12/1/2005 11/1/2035 2487 1020 10/5/2005 12/1/2005 11/1/2035 2488 581.6 10/14/2005 12/1/2005 11/1/2035 2489 445.5 10/21/2005 12/1/2005 11/1/2025 2490 607.58 10/17/2005 12/1/2005 11/1/2035 2491 405.37 10/14/2005 12/1/2005 11/1/2035 2492 1661.58 10/21/2005 12/1/2005 11/1/2035 2493 1459.98 10/19/2005 12/1/2005 11/1/2035 2494 485.54 10/10/2005 12/1/2005 11/1/2035 2495 1085.95 10/14/2005 12/1/2005 11/1/2035 2496 320.82 10/21/2005 12/1/2005 11/1/2035 2497 256.74 10/14/2005 12/1/2005 11/1/2035 2498 967.79 10/11/2005 12/1/2005 11/1/2035 2499 438.42 10/18/2005 12/1/2005 11/1/2035 2500 909.48 10/19/2005 12/1/2005 11/1/2035 2501 1433.07 10/17/2005 12/1/2005 11/1/2035 2502 900.25 10/21/2005 12/1/2005 11/1/2035 2503 4076.6 10/18/2005 12/1/2005 11/1/2035 2504 1006.35 10/26/2005 12/1/2005 11/1/2035 2505 1770.22 10/14/2005 12/1/2005 11/1/2035 2506 814.73 9/26/2005 11/1/2005 10/1/2035 2507 3162.71 9/26/2005 11/1/2005 10/1/2035 2508 1642.11 9/27/2005 11/1/2005 10/1/2035 2509 1640.65 9/28/2005 11/1/2005 10/1/2035 2510 607.91 9/28/2005 11/1/2005 10/1/2020 2511 2532.06 9/29/2005 12/1/2005 11/1/2035 2512 1029.27 9/29/2005 12/1/2005 11/1/2020 2513 1105.08 9/26/2005 11/1/2005 10/1/2035 2514 410.29 10/5/2005 12/1/2005 11/1/2035 2515 264.46 10/5/2005 12/1/2005 11/1/2020 2516 1681.49 9/26/2005 11/1/2005 10/1/2035 2517 1942.5 9/26/2005 11/1/2005 10/1/2035 2518 875.51 9/29/2005 11/1/2005 10/1/2035 2519 345.27 9/29/2005 11/1/2005 10/1/2020 2520 2052.87 9/26/2005 11/1/2005 10/1/2035 2521 2545.46 9/29/2005 12/1/2005 11/1/2035 2522 1881 9/27/2005 11/1/2005 10/1/2035 2523 761.6 9/27/2005 11/1/2005 10/1/2020 2524 1353.75 9/29/2005 12/1/2005 11/1/2035 2525 557.95 9/29/2005 12/1/2005 11/1/2020 2526 2027.25 9/23/2005 11/1/2005 10/1/2035 2527 1497.66 9/26/2005 11/1/2005 10/1/2035 2528 641.21 9/28/2005 12/1/2005 11/1/2020 2529 2205 9/27/2005 12/1/2005 11/1/2035 2530 892.78 9/27/2005 12/1/2005 11/1/2020 2531 2199.17 9/30/2005 12/1/2005 11/1/2035 2532 866.61 9/30/2005 12/1/2005 11/1/2020 2533 1299.38 9/27/2005 12/1/2005 11/1/2035 2534 393.49 9/30/2005 11/1/2005 10/1/2035 2535 2031.25 8/30/2005 10/1/2005 9/1/2035 2536 951.33 8/30/2005 10/1/2005 9/1/2020 2537 1840.92 8/22/2005 10/1/2005 9/1/2035 2538 568.7 9/21/2005 11/1/2005 10/1/2035 2539 4212 8/17/2005 10/1/2005 9/1/2035 2540 1339.68 9/6/2005 10/1/2005 9/1/2035 2541 812.13 8/17/2005 10/1/2005 9/1/2035 2542 312.45 9/2/2005 10/1/2005 9/1/2020 2543 1058.94 8/26/2005 10/1/2005 9/1/2035 2544 942.47 8/24/2005 10/1/2005 9/1/2035 2545 536.05 9/6/2005 11/1/2005 10/1/2035 2546 668.53 8/26/2005 10/1/2005 9/1/2035 2547 1018.12 8/30/2005 10/1/2005 9/1/2020 2548 510.06 9/27/2005 11/1/2005 10/1/2020 2549 2097 9/7/2005 10/1/2005 9/1/2035 2550 884.91 9/9/2005 11/1/2005 10/1/2020 2551 635.93 8/25/2005 10/1/2005 9/1/2035 2552 1222.57 8/24/2005 10/1/2005 9/1/2035 2553 687.78 8/18/2005 10/1/2005 9/1/2035 2554 594.33 8/23/2005 10/1/2005 9/1/2035 2555 1836.62 8/16/2005 10/1/2005 9/1/2035 2556 2199.2 8/16/2005 10/1/2005 9/1/2035 2557 2074.59 9/2/2005 10/1/2005 9/1/2035 2558 2054.76 8/23/2005 10/1/2005 9/1/2035 2559 2884.68 8/30/2005 10/1/2005 9/1/2035 2560 2532.71 8/24/2005 10/1/2005 9/1/2035 2561 2051.51 8/22/2005 10/1/2005 9/1/2035 2562 713.54 9/9/2005 10/1/2005 9/1/2035 2563 214.79 9/9/2005 10/1/2005 9/1/2020 2564 1289.03 8/30/2005 10/1/2005 9/1/2035 2565 2381.06 8/29/2005 10/1/2005 9/1/2035 2566 953.44 8/29/2005 10/1/2005 9/1/2035 2567 608.53 8/23/2005 10/1/2005 9/1/2035 2568 2705.02 8/31/2005 10/1/2005 9/1/2035 2569 2025 8/24/2005 10/1/2005 9/1/2035 2570 966.22 9/28/2005 11/1/2005 10/1/2035 2571 2399.9 8/30/2005 10/1/2005 9/1/2035 2572 1035.75 8/30/2005 10/1/2005 9/1/2020 2573 2115.99 8/29/2005 10/1/2005 9/1/2035 2574 1439.52 8/30/2005 10/1/2005 9/1/2035 2575 521.94 8/30/2005 10/1/2005 9/1/2020 2576 1533.35 8/29/2005 10/1/2005 9/1/2035 2577 2816.74 8/31/2005 10/1/2005 9/1/2035 2578 620.63 9/9/2005 11/1/2005 10/1/2035 2579 1053.51 8/30/2005 10/1/2005 9/1/2035 2580 2108.33 9/1/2005 10/1/2005 9/1/2035 2581 853.61 9/1/2005 10/1/2005 9/1/2020 2582 1327.87 8/25/2005 10/1/2005 9/1/2035 2583 1228.46 9/2/2005 10/1/2005 9/1/2035 2584 1629.62 8/31/2005 10/1/2005 9/1/2035 2585 1295.33 8/31/2005 10/1/2005 9/1/2035 2586 520.6 8/31/2005 10/1/2005 9/1/2020 2587 1384.89 8/31/2005 10/1/2005 9/1/2035 2588 1191.51 9/7/2005 10/1/2005 9/1/2035 2589 892.57 8/29/2005 10/1/2005 9/1/2035 2590 1337.02 8/30/2005 10/1/2005 9/1/2035 2591 709.22 9/22/2005 11/1/2005 10/1/2035 2592 1607.81 8/25/2005 10/1/2005 9/1/2035 2593 761.25 9/14/2005 11/1/2005 10/1/2020 2594 2559.38 9/29/2005 11/1/2005 10/1/2035 2595 2235.31 8/19/2005 10/1/2005 9/1/2035 2596 752.23 9/21/2005 11/1/2005 10/1/2035 2597 1510.08 8/25/2005 10/1/2005 9/1/2035 2598 1003.96 8/24/2005 10/1/2005 9/1/2035 2599 5479.18 8/25/2005 10/1/2005 9/1/2035 2600 677.71 8/25/2005 10/1/2005 9/1/2020 2601 2825.52 8/25/2005 10/1/2005 9/1/2020 2602 543.83 9/19/2005 11/1/2005 10/1/2035 2603 247.6 9/19/2005 11/1/2005 10/1/2020 2604 2631.04 9/7/2005 11/1/2005 10/1/2035 2605 1033.05 9/2/2005 10/1/2005 9/1/2035 2606 346.65 9/2/2005 10/1/2005 9/1/2020 2607 1599.49 9/20/2005 11/1/2005 10/1/2035 2608 1402.95 9/6/2005 10/1/2005 9/1/2035 2609 1703.81 9/12/2005 11/1/2005 10/1/2035 2610 1690.7 9/9/2005 10/1/2005 9/1/2035 2611 1581.35 8/31/2005 10/1/2005 9/1/2035 2612 570.73 8/31/2005 10/1/2005 9/1/2035 2613 702.64 8/24/2005 10/1/2005 9/1/2035 2614 580.2 8/31/2005 10/1/2005 9/1/2035 2615 3730.73 8/24/2005 10/1/2005 9/1/2035 2616 995.68 8/25/2005 10/1/2005 9/1/2035 2617 546.56 8/31/2005 10/1/2005 9/1/2020 2618 3497.15 8/31/2005 10/1/2005 9/1/2035 2619 1088.67 9/7/2005 10/1/2005 9/1/2035 2620 1424.41 8/31/2005 10/1/2005 9/1/2035 2621 1878.64 9/27/2005 11/1/2005 10/1/2035 2622 2528.82 9/9/2005 10/1/2005 9/1/2035 2623 1555.57 9/29/2005 11/1/2005 10/1/2035 2624 1205.4 8/30/2005 10/1/2005 9/1/2035 2625 1235.68 8/24/2005 10/1/2005 9/1/2035 2626 1077.61 9/14/2005 11/1/2005 10/1/2035 2627 1078.13 9/7/2005 10/1/2005 9/1/2035 2628 1910.05 8/19/2005 10/1/2005 9/1/2035 2629 1337.33 9/6/2005 10/1/2005 9/1/2035 2630 5898.03 8/31/2005 10/1/2005 9/1/2035 2631 1970.34 8/29/2005 10/1/2005 9/1/2035 2632 1954.44 8/23/2005 10/1/2005 9/1/2035 2633 630.87 8/23/2005 10/1/2005 9/1/2035 2634 815.17 8/29/2005 10/1/2005 9/1/2035 2635 1334 9/8/2005 10/1/2005 9/1/2035 2636 1491.75 8/26/2005 10/1/2005 9/1/2035 2637 526.39 8/26/2005 10/1/2005 9/1/2020 2638 1418.43 9/7/2005 11/1/2005 10/1/2035 2639 1595.05 9/14/2005 11/1/2005 10/1/2035 2640 2270.25 9/8/2005 10/1/2005 9/1/2035 2641 1452.21 8/29/2005 10/1/2005 9/1/2035 2642 3600.95 9/30/2005 11/1/2005 10/1/2035 2643 530.55 9/8/2005 10/1/2005 9/1/2020 2644 252.04 8/29/2005 10/1/2005 9/1/2020 2645 3295.83 9/15/2005 11/1/2005 10/1/2035 2646 519.93 9/7/2005 10/1/2005 9/1/2020 2647 851.61 9/12/2005 11/1/2005 10/1/2020 2648 445.31 9/6/2005 10/1/2005 9/1/2035 2649 810.95 9/15/2005 11/1/2005 10/1/2035 2650 1824.5 8/30/2005 10/1/2005 9/1/2035 2651 719 8/30/2005 10/1/2005 9/1/2020 2652 652.96 9/14/2005 11/1/2005 10/1/2020 2653 2521.95 9/2/2005 10/1/2005 9/1/2035 2654 2006.67 9/8/2005 10/1/2005 9/1/2035 2655 467.58 9/7/2005 11/1/2005 10/1/2035 2656 1417.93 8/26/2005 10/1/2005 9/1/2020 2657 1232.94 8/30/2005 10/1/2005 9/1/2035 2658 1950.32 8/29/2005 10/1/2005 9/1/2035 2659 804.01 8/29/2005 10/1/2005 9/1/2020 2660 4753.38 8/31/2005 10/1/2005 9/1/2020 2661 2484.95 9/2/2005 10/1/2005 9/1/2035 2662 2429.23 8/31/2005 10/1/2005 9/1/2035 2663 578.4 8/30/2005 10/1/2005 9/1/2020 2664 2178.21 9/8/2005 10/1/2005 9/1/2035 2665 350.73 8/25/2005 10/1/2005 9/1/2020 2666 2219.12 9/30/2005 11/1/2005 10/1/2035 2667 1200.65 9/8/2005 10/1/2005 9/1/2035 2668 2191.84 9/9/2005 10/1/2005 9/1/2035 2669 1194.68 9/30/2005 11/1/2005 10/1/2035 2670 1134.68 8/30/2005 10/1/2005 9/1/2035 2671 430.4 8/30/2005 10/1/2005 9/1/2020 2672 3391.5 9/6/2005 10/1/2005 9/1/2035 2673 1591.42 9/21/2005 11/1/2005 10/1/2035 2674 1546.17 8/29/2005 10/1/2005 9/1/2035 2675 2628.53 9/19/2005 11/1/2005 10/1/2035 2676 636.52 10/13/2005 12/1/2005 11/1/2035 2677 1273.25 9/2/2005 10/1/2005 9/1/2035 2678 641.51 10/12/2005 12/1/2005 11/1/2035 2679 504.87 10/6/2005 12/1/2005 11/1/2035 2680 1781.86 8/23/2005 10/1/2005 9/1/2035 2681 1011.94 8/29/2005 10/1/2005 9/1/2035 2682 332.85 9/2/2005 10/1/2005 9/1/2020 2683 401.95 8/31/2005 10/1/2005 9/1/2020 2684 1127.65 8/25/2005 10/1/2005 9/1/2035 2685 3765.46 10/3/2005 11/1/2005 10/1/2035 2686 3288.36 9/15/2005 11/1/2005 10/1/2035 2687 3266.67 9/15/2005 11/1/2005 10/1/2035 2688 679.96 9/30/2005 11/1/2005 10/1/2020 2689 2383.33 10/4/2005 11/1/2005 10/1/2035 2690 1024.77 10/4/2005 11/1/2005 10/1/2020 2691 819.81 9/8/2005 10/1/2005 9/1/2020 2692 965.75 9/2/2005 10/1/2005 9/1/2035 2693 1506.09 9/7/2005 10/1/2005 9/1/2035 2694 1053.89 8/30/2005 10/1/2005 9/1/2035 2695 1588.48 9/8/2005 11/1/2005 10/1/2035 2696 5580 8/31/2005 10/1/2005 9/1/2035 2697 773.56 9/19/2005 11/1/2005 10/1/2035 2698 618.31 9/26/2005 11/1/2005 10/1/2035 2699 744.25 9/9/2005 11/1/2005 10/1/2035 2700 1275.8 9/12/2005 11/1/2005 10/1/2035 2701 1238.85 9/14/2005 11/1/2005 10/1/2035 2702 1101.75 8/31/2005 10/1/2005 9/1/2035 2703 1202.18 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11/1/2035 2751 939.53 9/2/2005 11/1/2005 10/1/2035 2752 392.16 9/2/2005 11/1/2005 10/1/2020 2753 1429.56 9/26/2005 11/1/2005 10/1/2035 2754 3038.01 9/29/2005 11/1/2005 10/1/2035 2755 1250.83 9/7/2005 10/1/2005 9/1/2035 2756 1150.1 9/28/2005 11/1/2005 10/1/2035 2757 1258.59 10/7/2005 11/1/2005 10/1/2035 2758 2641.18 8/31/2005 10/1/2005 9/1/2035 2759 1071.23 10/24/2005 12/1/2005 11/1/2035 2760 657.74 9/15/2005 11/1/2005 10/1/2020 2761 1286.15 8/31/2005 10/1/2005 9/1/2035 2762 904.46 9/13/2005 11/1/2005 10/1/2035 2763 737.77 9/29/2005 11/1/2005 10/1/2035 2764 1330.6 9/21/2005 11/1/2005 10/1/2035 2765 2099.79 9/19/2005 11/1/2005 10/1/2035 2766 1520.58 10/4/2005 11/1/2005 10/1/2035 2767 2380.63 9/9/2005 11/1/2005 10/1/2035 2768 1076.7 10/7/2005 11/1/2005 10/1/2035 2769 2550 9/20/2005 11/1/2005 10/1/2035 2770 793.25 10/3/2005 11/1/2005 10/1/2035 2771 1682.08 9/15/2005 11/1/2005 10/1/2035 2772 982.8 9/22/2005 11/1/2005 10/1/2035 2773 381.94 9/22/2005 11/1/2005 10/1/2020 2774 477.84 9/22/2005 11/1/2005 10/1/2035 2775 4557.29 9/20/2005 11/1/2005 10/1/2035 2776 1591.15 10/4/2005 11/1/2005 10/1/2035 2777 664.1 10/4/2005 11/1/2005 10/1/2020 2778 1046.25 9/22/2005 11/1/2005 10/1/2035 2779 1412.88 9/26/2005 11/1/2005 10/1/2035 2780 917.57 9/8/2005 11/1/2005 10/1/2020 2781 1315.16 9/21/2005 11/1/2005 10/1/2035 2782 4237.33 9/14/2005 11/1/2005 10/1/2035 2783 2849.37 9/13/2005 11/1/2005 10/1/2035 2784 909.58 9/28/2005 11/1/2005 10/1/2035 2785 357.96 9/28/2005 11/1/2005 10/1/2020 2786 3655.47 10/3/2005 11/1/2005 10/1/2035 2787 725.84 10/6/2005 12/1/2005 11/1/2035 2788 1331.97 9/20/2005 11/1/2005 10/1/2035 2789 478.93 9/28/2005 11/1/2005 10/1/2035 2790 1671.55 11/2/2005 12/1/2005 11/1/2035 2791 1283.58 9/27/2005 11/1/2005 10/1/2035 2792 925.48 9/9/2005 10/1/2005 9/1/2020 2793 937.42 9/15/2005 11/1/2005 10/1/2020 2794 643.23 9/23/2005 11/1/2005 10/1/2035 2795 2048.5 9/23/2005 11/1/2005 10/1/2035 2796 1220.46 9/13/2005 11/1/2005 10/1/2035 2797 1695.01 9/23/2005 11/1/2005 10/1/2035 2798 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2869 2266.69 9/22/2005 11/1/2005 10/1/2035 2870 2660 9/19/2005 11/1/2005 10/1/2035 2871 1055.86 9/19/2005 11/1/2005 10/1/2020 2872 2541.91 9/28/2005 11/1/2005 10/1/2035 2873 713.74 9/29/2005 11/1/2005 10/1/2020 2874 439.07 9/29/2005 11/1/2005 10/1/2020 2875 2495.05 9/21/2005 11/1/2005 10/1/2035 2876 2013.42 9/29/2005 11/1/2005 10/1/2035 2877 880.52 10/4/2005 11/1/2005 10/1/2035 2878 1585.65 9/29/2005 11/1/2005 10/1/2035 2879 1303.27 9/20/2005 11/1/2005 10/1/2035 2880 475.34 9/20/2005 11/1/2005 10/1/2020 2881 1022.45 10/11/2005 11/1/2005 10/1/2035 2882 1257.57 9/30/2005 11/1/2005 10/1/2035 2883 1451.4 10/21/2005 12/1/2005 11/1/2020 2884 1121.32 9/29/2005 11/1/2005 10/1/2020 2885 1794.58 10/4/2005 11/1/2005 10/1/2035 2886 654.15 10/4/2005 11/1/2005 10/1/2020 2887 565.19 9/21/2005 11/1/2005 10/1/2020 2888 1993.75 9/27/2005 11/1/2005 10/1/2035 2889 4428.91 9/22/2005 11/1/2005 10/1/2035 2890 1807.8 9/29/2005 11/1/2005 10/1/2035 2891 2401 9/30/2005 11/1/2005 10/1/2035 2892 932.54 9/30/2005 11/1/2005 10/1/2020 2893 1055.62 9/29/2005 11/1/2005 10/1/2035 2894 1314 9/26/2005 11/1/2005 10/1/2035 2895 634.19 9/26/2005 11/1/2005 10/1/2035 2896 974.67 10/4/2005 11/1/2005 10/1/2035 2897 1746 9/28/2005 11/1/2005 10/1/2035 2898 929.44 9/30/2005 11/1/2005 10/1/2020 2899 750.75 9/28/2005 11/1/2005 10/1/2020 2900 1942.04 10/7/2005 12/1/2005 11/1/2035 2901 460.99 10/4/2005 11/1/2005 10/1/2020 2902 2025.56 10/19/2005 12/1/2005 11/1/2035 2903 528.61 10/12/2005 12/1/2005 11/1/2035 2904 792.29 9/30/2005 11/1/2005 10/1/2035 2905 2866.78 9/23/2005 11/1/2005 10/1/2035 2906 1033.51 9/23/2005 11/1/2005 10/1/2020 2907 889.11 10/7/2005 12/1/2005 11/1/2020 2908 707.26 9/29/2005 11/1/2005 10/1/2020 2909 1367.57 10/5/2005 11/1/2005 10/1/2035 2910 2703.39 9/26/2005 11/1/2005 10/1/2035 2911 358.35 9/29/2005 11/1/2005 10/1/2020 2912 1867.17 10/7/2005 11/1/2005 10/1/2035 2913 1862.69 9/30/2005 11/1/2005 10/1/2035 2914 510.36 9/26/2005 11/1/2005 10/1/2020 2915 559 10/3/2005 11/1/2005 10/1/2035 2916 742.8 9/30/2005 11/1/2005 10/1/2020 2917 1254.03 10/6/2005 11/1/2005 10/1/2035 2918 929.61 10/5/2005 12/1/2005 11/1/2035 2919 646.55 9/27/2005 11/1/2005 10/1/2035 2920 634.15 9/30/2005 11/1/2005 10/1/2035 2921 2934.1 10/17/2005 12/1/2005 11/1/2035 2922 770.66 9/28/2005 11/1/2005 10/1/2035 2923 1006.7 9/29/2005 11/1/2005 10/1/2035 2924 2473.69 9/29/2005 11/1/2005 10/1/2035 2925 776.01 10/4/2005 12/1/2005 11/1/2035 2926 1126.47 10/4/2005 11/1/2005 10/1/2035 2927 412.29 9/30/2005 11/1/2005 10/1/2020 2928 828.96 11/4/2005 12/1/2005 11/1/2035 2929 1992.15 10/17/2005 12/1/2005 11/1/2035 2930 519.49 10/5/2005 12/1/2005 11/1/2035 2931 978.9 9/30/2005 11/1/2005 10/1/2035 2932 1501.29 10/4/2005 11/1/2005 10/1/2035 2933 1789.79 10/19/2005 12/1/2005 11/1/2035 2934 477.37 9/28/2005 11/1/2005 10/1/2020 2935 776.01 10/4/2005 12/1/2005 11/1/2035 2936 3810.72 9/29/2005 11/1/2005 10/1/2035 2937 564.88 10/11/2005 12/1/2005 11/1/2020 2938 929.5 10/14/2005 12/1/2005 11/1/2035 2939 717.33 10/14/2005 12/1/2005 11/1/2035 2940 551.54 10/13/2005 12/1/2005 11/1/2035 2941 836.23 10/31/2005 12/1/2005 11/1/2035 2942 518.88 9/26/2005 11/1/2005 10/1/2035 2943 463.47 10/10/2005 12/1/2005 11/1/2035 2944 211.18 10/10/2005 12/1/2005 11/1/2015 2945 2278.16 10/14/2005 12/1/2005 11/1/2035 2946 2465.14 8/17/2005 10/1/2005 9/1/2035 2947 995 8/19/2005 10/1/2005 9/1/2035 2948 402.84 8/31/2005 10/1/2005 9/1/2035 2949 774.02 9/15/2005 11/1/2005 10/1/2035 2950 242.71 9/15/2005 11/1/2005 10/1/2020 2951 773.86 10/3/2005 11/1/2005 10/1/2035 2952 888.33 8/18/2005 10/1/2005 9/1/2035 2953 1631.21 9/2/2005 10/1/2005 9/1/2035 2954 1420.54 8/30/2005 10/1/2005 9/1/2035 2955 3214.69 9/22/2005 11/1/2005 10/1/2035 2956 1835.44 8/30/2005 10/1/2005 9/1/2035 2957 981.59 9/21/2005 11/1/2005 10/1/2035 2958 2250 8/26/2005 10/1/2005 9/1/2035 2959 724.57 9/27/2005 11/1/2005 10/1/2020 2960 2803 9/9/2005 10/1/2005 9/1/2035 2961 1090.35 9/9/2005 10/1/2005 9/1/2020 2962 860.01 8/26/2005 10/1/2005 9/1/2020 2963 1443.27 9/21/2005 11/1/2005 10/1/2035 2964 965.6 8/29/2005 10/1/2005 9/1/2035 2965 1935.8 8/31/2005 10/1/2005 9/1/2035 2966 778.83 9/27/2005 11/1/2005 10/1/2020 2967 1926.34 9/12/2005 11/1/2005 10/1/2035 2968 1162.5 8/31/2005 10/1/2005 9/1/2035 2969 521.33 8/31/2005 10/1/2005 9/1/2020 2970 1512 8/22/2005 10/1/2005 9/1/2035 2971 839.69 8/17/2005 10/1/2005 9/1/2035 2972 1636.25 9/2/2005 10/1/2005 9/1/2035 2973 532.11 9/9/2005 10/1/2005 9/1/2020 2974 300.58 9/2/2005 10/1/2005 9/1/2020 2975 992.25 9/8/2005 10/1/2005 9/1/2020 2976 1207.66 9/27/2005 11/1/2005 10/1/2035 2977 868.76 8/31/2005 10/1/2005 9/1/2035 2978 2277 9/2/2005 10/1/2005 9/1/2035 2979 905.59 9/2/2005 10/1/2005 9/1/2020 2980 1132.66 10/17/2005 12/1/2005 11/1/2020 2981 2080.02 10/14/2005 12/1/2005 11/1/2035 2982 5284.38 10/14/2005 12/1/2005 11/1/2035 2983 1454.81 10/14/2005 12/1/2005 11/1/2020 2984 1410.44 10/27/2005 12/1/2005 11/1/2035 2985 539.05 10/27/2005 12/1/2005 11/1/2020 2986 728.12 10/21/2005 12/1/2005 11/1/2020 2987 479.4 10/19/2005 12/1/2005 11/1/2035 2988 1201.92 10/13/2005 12/1/2005 11/1/2035 2989 1376.58 11/3/2005 12/1/2005 11/1/2035 2990 2813.41 10/12/2005 12/1/2005 11/1/2035 2991 303.97 10/28/2005 12/1/2005 11/1/2020 2992 1861.6 10/13/2005 12/1/2005 11/1/2035 2993 480.1 10/17/2005 12/1/2005 11/1/2020 2994 1161.7 10/27/2005 12/1/2005 11/1/2035 2995 4909.88 10/24/2005 12/1/2005 11/1/2035 2996 2095.77 10/20/2005 12/1/2005 11/1/2035 2997 631.06 10/13/2005 12/1/2005 11/1/2035 2998 2086.39 10/18/2005 12/1/2005 11/1/2035 2999 938.72 10/21/2005 12/1/2005 11/1/2035 3000 858.03 10/12/2005 12/1/2005 11/1/2020 3001 514.36 9/13/2005 11/1/2005 10/1/2020 3002 3051.08 9/12/2005 11/1/2005 10/1/2035 3003 634.68 9/19/2005 11/1/2005 10/1/2035 3004 1212.88 9/30/2005 11/1/2005 10/1/2035 3005 723.01 9/6/2005 11/1/2005 10/1/2020 3006 985.27 9/30/2005 11/1/2005 10/1/2035 3007 1797.98 9/13/2005 11/1/2005 10/1/2035 3008 2216.69 9/20/2005 11/1/2005 10/1/2035 3009 943.89 9/16/2005 11/1/2005 10/1/2035 3010 2028 9/19/2005 11/1/2005 10/1/2035 3011 1617.28 9/19/2005 11/1/2005 10/1/2035 3012 447.62 9/27/2005 11/1/2005 10/1/2020 3013 1881.48 9/21/2005 11/1/2005 10/1/2035 3014 3761.23 9/28/2005 11/1/2005 10/1/2035 3015 548.06 9/13/2005 11/1/2005 10/1/2035 3016 3260.07 9/12/2005 11/1/2005 10/1/2035 3017 2013.12 9/20/2005 11/1/2005 10/1/2035 3018 1313.26 9/8/2005 11/1/2005 10/1/2035 3019 770.01 9/14/2005 11/1/2005 10/1/2035 3020 2137.25 9/28/2005 11/1/2005 10/1/2035 3021 847.36 9/28/2005 11/1/2005 10/1/2020 3022 867.76 10/5/2005 11/1/2005 10/1/2035 3023 5336.73 9/26/2005 11/1/2005 10/1/2035 3024 1858.08 9/26/2005 11/1/2005 10/1/2020 3025 1340.63 9/23/2005 11/1/2005 10/1/2035 3026 473.04 9/23/2005 11/1/2005 10/1/2020 3027 1208.94 9/23/2005 11/1/2005 10/1/2035 3028 420.24 9/23/2005 11/1/2005 10/1/2020 3029 1215.63 9/28/2005 11/1/2005 10/1/2035 3030 2301.09 10/20/2005 12/1/2005 11/1/2035 3031 788.83 9/22/2005 11/1/2005 10/1/2020 3032 526.1 9/27/2005 11/1/2005 10/1/2020 3033 876.93 9/28/2005 11/1/2005 10/1/2035 3034 664 9/27/2005 11/1/2005 10/1/2035 3035 940.78 10/21/2005 12/1/2005 11/1/2020 3036 1352.36 9/22/2005 11/1/2005 10/1/2035 3037 655.92 9/22/2005 11/1/2005 10/1/2020 3038 1258.35 9/26/2005 11/1/2005 10/1/2035 3039 1550.35 9/27/2005 11/1/2005 10/1/2035 3040 679.16 9/19/2005 11/1/2005 10/1/2035 3041 1184.95 9/28/2005 11/1/2005 10/1/2035 3042 695.88 10/25/2005 12/1/2005 11/1/2020 3043 1075.25 10/4/2005 11/1/2005 10/1/2035 3044 3554.71 9/23/2005 11/1/2005 10/1/2035 3045 2346.19 10/5/2005 11/1/2005 10/1/2035 3046 1389.24 10/14/2005 12/1/2005 11/1/2035 3047 1383.83 10/4/2005 11/1/2005 10/1/2035 3048 1093.55 10/19/2005 12/1/2005 11/1/2035 3049 483.39 9/27/2005 11/1/2005 10/1/2035 3050 1878.16 10/4/2005 11/1/2005 10/1/2035 3051 344.49 10/4/2005 11/1/2005 10/1/2035 3052 524.25 10/7/2005 11/1/2005 10/1/2020 3053 2431 9/29/2005 11/1/2005 10/1/2035 3054 1010.1 9/29/2005 11/1/2005 10/1/2020 3055 255.23 10/7/2005 12/1/2005 11/1/2020 3056 519.48 10/6/2005 11/1/2005 10/1/2020 3057 2489.33 10/13/2005 12/1/2005 11/1/2035 3058 1107.39 9/1/2005 10/1/2005 9/1/2035 3059 1152.67 9/21/2005 11/1/2005 10/1/2035 3060 466.8 9/21/2005 11/1/2005 10/1/2020 3061 748.09 9/30/2005 11/1/2005 10/1/2035 3062 1177.79 9/20/2005 11/1/2005 10/1/2035 3063 1963.67 9/20/2005 11/1/2005 10/1/2035 3064 1140.27 9/26/2005 11/1/2005 10/1/2035 3065 1041.19 9/28/2005 11/1/2005 10/1/2035 3066 2745.33 9/28/2005 11/1/2005 10/1/2035 3067 773.7 9/28/2005 11/1/2005 10/1/2035 3068 1017.13 9/28/2005 11/1/2005 10/1/2020 3069 688.97 9/29/2005 11/1/2005 10/1/2035 3070 1419.17 9/22/2005 11/1/2005 10/1/2035 3071 580.05 9/22/2005 11/1/2005 10/1/2020 3072 502.2 8/19/2005 10/1/2005 9/1/2035 3073 1860.42 8/15/2005 10/1/2005 9/1/2035 3074 1272.08 8/19/2005 10/1/2005 9/1/2035 3075 1631.65 8/16/2005 10/1/2005 9/1/2035 3076 238.77 10/3/2005 12/1/2005 11/1/2020 3077 1002.8 9/29/2005 11/1/2005 10/1/2035 3078 1426.45 9/23/2005 11/1/2005 10/1/2035 3079 974.88 10/14/2005 12/1/2005 11/1/2035 3080 280.59 10/25/2005 12/1/2005 11/1/2035 3081 1023.54 9/19/2005 11/1/2005 10/1/2035 3082 1634.01 9/29/2005 11/1/2005 10/1/2035 3083 728.9 10/4/2005 11/1/2005 10/1/2035 3084 256.74 10/4/2005 11/1/2005 10/1/2035 3085 1024.06 9/20/2005 11/1/2005 10/1/2035 3086 1337.07 10/14/2005 12/1/2005 11/1/2035 3087 95.15 10/12/2005 12/1/2005 11/1/2015 3088 226.29 9/30/2005 11/1/2005 10/1/2020 3089 1058.72 10/6/2005 12/1/2005 11/1/2035 3090 476.87 9/23/2005 11/1/2005 10/1/2035 3091 1090 10/6/2005 12/1/2005 11/1/2035 3092 1163.01 10/11/2005 12/1/2005 11/1/2035 3093 174.74 10/3/2005 11/1/2005 10/1/2010 3094 1132.76 10/6/2005 12/1/2005 11/1/2035 3095 1701 10/5/2005 12/1/2005 11/1/2035 3096 1168.56 10/11/2005 12/1/2005 11/1/2035 3097 81.88 10/10/2005 12/1/2005 11/1/2015 3098 375.29 10/13/2005 12/1/2005 11/1/2035 3099 106.16 10/21/2005 12/1/2005 11/1/2015 3100 681.45 10/21/2005 12/1/2005 11/1/2035 3101 433.2 10/4/2005 11/1/2005 10/1/2035 3102 534.01 10/10/2005 12/1/2005 11/1/2035 3103 2824.65 10/20/2005 12/1/2005 11/1/2035 3104 266.29 10/14/2005 12/1/2005 11/1/2010 3105 191.12 10/14/2005 12/1/2005 11/1/2015 3106 733.07 10/7/2005 12/1/2005 11/1/2035 3107 807.75 10/14/2005 12/1/2005 11/1/2035 3108 1574.48 9/29/2005 12/1/2005 11/1/2035 3109 1251.88 10/4/2005 11/1/2005 10/1/2035 3110 196.2 10/20/2005 12/1/2005 11/1/2020 3111 287.38 10/14/2005 12/1/2005 11/1/2035 3112 1903.63 10/21/2005 12/1/2005 11/1/2035 3113 663.32 9/30/2005 12/1/2005 11/1/2035 3114 519.74 10/14/2005 12/1/2005 11/1/2035 3115 817.78 9/29/2005 12/1/2005 11/1/2035 3116 899.11 10/12/2005 12/1/2005 11/1/2035 3117 1543.51 10/18/2005 12/1/2005 11/1/2035 3118 216.81 10/11/2005 12/1/2005 11/1/2020 3119 235.14 10/12/2005 12/1/2005 11/1/2035 3120 528.67 9/30/2005 12/1/2005 11/1/2035 3121 500.2 10/11/2005 12/1/2005 11/1/2035 3122 209.02 9/30/2005 12/1/2005 11/1/2035 3123 176.18 10/4/2005 11/1/2005 10/1/2020 3124 1112.22 10/17/2005 12/1/2005 11/1/2035 3125 1220.51 10/11/2005 12/1/2005 11/1/2035 3126 417.43 9/30/2005 11/1/2005 10/1/2035 3127 264.78 10/27/2005 12/1/2005 11/1/2035 3128 779.73 10/3/2005 12/1/2005 11/1/2035 3129 996 10/5/2005 12/1/2005 11/1/2035 3130 695.18 10/19/2005 12/1/2005 11/1/2035 3131 1794.1 10/7/2005 12/1/2005 11/1/2035 3132 1037.88 9/30/2005 12/1/2005 11/1/2035 3133 1554.11 10/14/2005 12/1/2005 11/1/2035 3134 1173.3 9/30/2005 11/1/2005 10/1/2035 3135 1975 10/7/2005 12/1/2005 11/1/2035 3136 258.99 10/11/2005 12/1/2005 11/1/2015 3137 598.08 9/30/2005 12/1/2005 11/1/2035 3138 751.55 10/11/2005 12/1/2005 11/1/2035 3139 154.89 10/7/2005 12/1/2005 11/1/2015 3140 135.69 10/6/2005 12/1/2005 11/1/2015 3141 1060.88 9/30/2005 12/1/2005 11/1/2035 3142 275.08 10/6/2005 12/1/2005 11/1/2035 3143 775.22 10/3/2005 11/1/2005 10/1/2035 3144 258.2 9/30/2005 12/1/2005 11/1/2035 3145 94.83 10/13/2005 12/1/2005 11/1/2015 3146 325.1 10/11/2005 12/1/2005 11/1/2035 3147 235.87 10/26/2005 12/1/2005 11/1/2020 3148 291.18 10/11/2005 12/1/2005 11/1/2035 3149 1960.61 10/7/2005 12/1/2005 11/1/2035 3150 514.45 10/7/2005 12/1/2005 11/1/2035 3151 3225.5 10/11/2005 12/1/2005 11/1/2035 3152 1198.59 10/5/2005 12/1/2005 11/1/2035 3153 262.82 10/3/2005 12/1/2005 11/1/2035 3154 1090.78 10/11/2005 12/1/2005 11/1/2035 3155 450.59 10/25/2005 12/1/2005 11/1/2035 3156 855.01 10/11/2005 12/1/2005 11/1/2035 3157 1991.52 9/29/2005 11/1/2005 10/1/2035 3158 775 10/13/2005 12/1/2005 11/1/2035 3159 1661.83 10/7/2005 12/1/2005 11/1/2035 3160 1170.94 10/18/2005 12/1/2005 11/1/2035 3161 1090.9 10/28/2005 12/1/2005 11/1/2035 3162 437.73 10/3/2005 12/1/2005 11/1/2035 3163 1132.08 10/13/2005 12/1/2005 11/1/2035 3164 575.94 10/27/2005 12/1/2005 11/1/2035 3165 540.2 10/17/2005 12/1/2005 11/1/2035 3166 207.38 10/17/2005 12/1/2005 11/1/2020 3167 124.05 10/11/2005 12/1/2005 11/1/2020 3168 871.78 10/28/2005 12/1/2005 11/1/2035 3169 479.13 10/26/2005 12/1/2005 11/1/2035 3170 130.26 10/11/2005 12/1/2005 11/1/2020 3171 744.37 10/5/2005 12/1/2005 11/1/2035 3172 272.97 10/20/2005 12/1/2005 11/1/2035 3173 125.73 10/5/2005 11/1/2005 10/1/2020 3174 197.25 10/10/2005 12/1/2005 11/1/2020 3175 1732.02 10/26/2005 12/1/2005 11/1/2035 3176 860.21 10/24/2005 12/1/2005 11/1/2035 3177 787.67 10/20/2005 12/1/2005 11/1/2035 3178 118.99 10/10/2005 12/1/2005 11/1/2015 3179 325.77 10/6/2005 12/1/2005 11/1/2035 3180 276.21 10/13/2005 12/1/2005 11/1/2035 3181 2482.55 10/21/2005 12/1/2005 11/1/2035 3182 255.5 10/6/2005 12/1/2005 11/1/2035 3183 509.34 10/26/2005 12/1/2005 11/1/2035 3184 1224.19 10/5/2005 12/1/2005 11/1/2025 3185 1336.12 10/17/2005 12/1/2005 11/1/2035 3186 257.25 10/24/2005 12/1/2005 11/1/2035 3187 710.23 10/20/2005 12/1/2005 11/1/2035 3188 652.1 9/30/2005 11/1/2005 10/1/2035 3189 904.76 10/11/2005 12/1/2005 11/1/2035 3190 788.22 10/13/2005 12/1/2005 11/1/2035 3191 1300.14 10/5/2005 11/1/2005 10/1/2035 3192 985.11 10/13/2005 12/1/2005 11/1/2035 3193 577.07 10/7/2005 12/1/2005 11/1/2035 3194 1076.38 10/13/2005 12/1/2005 11/1/2035 3195 217.09 10/11/2005 12/1/2005 11/1/2035 3196 1530.79 10/21/2005 12/1/2005 11/1/2035 3197 528.15 10/21/2005 12/1/2005 11/1/2035 3198 1069.48 10/17/2005 12/1/2005 11/1/2035 3199 169.7 10/20/2005 12/1/2005 11/1/2020 3200 101 10/7/2005 12/1/2005 11/1/2015 3201 81.88 10/18/2005 12/1/2005 11/1/2015 3202 1949.23 10/10/2005 12/1/2005 11/1/2035 3203 283.57 10/20/2005 12/1/2005 11/1/2035 3204 1282.5 10/6/2005 12/1/2005 11/1/2035 3205 459.58 10/17/2005 12/1/2005 11/1/2035 3206 1301.68 10/20/2005 12/1/2005 11/1/2035 3207 1069.16 10/5/2005 11/1/2005 10/1/2035 3208 742.24 10/6/2005 12/1/2005 11/1/2035 3209 324.43 10/18/2005 12/1/2005 11/1/2035 3210 1027 10/13/2005 12/1/2005 11/1/2035 3211 394.97 10/19/2005 12/1/2005 11/1/2035 3212 100.4 10/12/2005 12/1/2005 11/1/2015 3213 1638.96 10/25/2005 12/1/2005 11/1/2035 3214 512.26 10/13/2005 12/1/2005 11/1/2035 3215 398.57 10/13/2005 12/1/2005 11/1/2035 3216 235.19 10/6/2005 12/1/2005 11/1/2035 3217 357.43 10/19/2005 12/1/2005 11/1/2035 3218 2918.21 10/11/2005 12/1/2005 11/1/2035 3219 484.5 10/6/2005 12/1/2005 11/1/2035 3220 139.06 10/25/2005 12/1/2005 11/1/2015 3221 1871.63 10/7/2005 12/1/2005 11/1/2035 3222 344.76 10/5/2005 11/1/2005 10/1/2035 3223 296.79 10/27/2005 12/1/2005 11/1/2035 3224 798.13 10/21/2005 12/1/2005 11/1/2035 3225 145.57 10/6/2005 12/1/2005 11/1/2015 3226 331.51 10/26/2005 12/1/2005 11/1/2035 3227 1390.6 10/7/2005 12/1/2005 11/1/2035 3228 733.2 10/7/2005 12/1/2005 11/1/2035 3229 282.18 10/11/2005 12/1/2005 11/1/2035 3230 322.81 10/13/2005 12/1/2005 11/1/2035 3231 72.29 10/4/2005 12/1/2005 11/1/2015 3232 862.1 10/7/2005 12/1/2005 11/1/2035 3233 325.39 10/7/2005 12/1/2005 11/1/2035 3234 346.35 10/27/2005 12/1/2005 11/1/2035 3235 901.24 10/10/2005 12/1/2005 11/1/2035 3236 1033.75 10/26/2005 12/1/2005 11/1/2035 3237 683.93 10/4/2005 11/1/2005 10/1/2035 3238 511.1 10/21/2005 12/1/2005 11/1/2035 3239 936 10/7/2005 12/1/2005 11/1/2035 3240 768.27 10/11/2005 12/1/2005 11/1/2035 3241 1591.98 10/19/2005 12/1/2005 11/1/2035 3242 469.99 10/7/2005 12/1/2005 11/1/2035 3243 1360 10/21/2005 12/1/2005 11/1/2035 3244 389.32 10/24/2005 12/1/2005 11/1/2035 3245 1487.5 10/6/2005 12/1/2005 11/1/2035 3246 239.21 10/7/2005 12/1/2005 11/1/2035 3247 269.84 10/21/2005 12/1/2005 11/1/2035 3248 428.87 10/11/2005 12/1/2005 11/1/2035 3249 564.65 10/14/2005 12/1/2005 11/1/2035 3250 271.76 10/19/2005 12/1/2005 11/1/2035 3251 802.34 10/24/2005 12/1/2005 11/1/2035 3252 215.17 10/27/2005 12/1/2005 11/1/2035 3253 904.98 10/21/2005 12/1/2005 11/1/2035 3254 147.97 10/12/2005 12/1/2005 11/1/2020 3255 814.03 10/20/2005 12/1/2005 11/1/2035 3256 586.46 10/19/2005 12/1/2005 11/1/2035 3257 573.3 10/13/2005 12/1/2005 11/1/2035 3258 1037 10/20/2005 12/1/2005 11/1/2035 3259 592.2 10/7/2005 12/1/2005 11/1/2035 3260 1499.98 10/21/2005 12/1/2005 11/1/2035 3261 265.91 10/26/2005 12/1/2005 11/1/2035 3262 379.16 10/14/2005 12/1/2005 11/1/2035 3263 227.54 10/13/2005 12/1/2005 11/1/2020 3264 613.36 10/25/2005 12/1/2005 11/1/2035 3265 1327.35 10/20/2005 12/1/2005 11/1/2035 3266 3166.72 10/18/2005 12/1/2005 11/1/2035 3267 695.8 10/14/2005 12/1/2005 11/1/2035 3268 1735.95 10/14/2005 12/1/2005 11/1/2035 3269 4015.3 10/19/2005 12/1/2005 11/1/2035 3270 1064.23 10/14/2005 12/1/2005 11/1/2035 3271 102.47 10/11/2005 12/1/2005 11/1/2015 3272 1501.46 10/11/2005 12/1/2005 11/1/2035 3273 719.01 10/20/2005 12/1/2005 11/1/2035 3274 560.49 10/21/2005 12/1/2005 11/1/2035 3275 207.32 10/7/2005 12/1/2005 11/1/2035 3276 267.18 10/20/2005 12/1/2005 11/1/2035 3277 4732.18 10/21/2005 12/1/2005 11/1/2035 3278 447.19 10/20/2005 12/1/2005 11/1/2035 3279 1252.05 10/19/2005 12/1/2005 11/1/2035 3280 736.28 10/14/2005 12/1/2005 11/1/2035 3281 1463 10/21/2005 12/1/2005 11/1/2035 3282 2265.46 10/12/2005 12/1/2005 11/1/2035 3283 261.86 10/21/2005 12/1/2005 11/1/2020 3284 905.13 10/14/2005 12/1/2005 11/1/2035 3285 479.36 10/19/2005 12/1/2005 11/1/2035 3286 653.61 10/11/2005 12/1/2005 11/1/2035 3287 243.01 10/6/2005 12/1/2005 11/1/2035 3288 312.85 10/14/2005 12/1/2005 11/1/2035 3289 920.47 10/19/2005 12/1/2005 11/1/2035 3290 831.74 10/19/2005 12/1/2005 11/1/2035 3291 468.93 10/21/2005 12/1/2005 11/1/2035 3292 278.28 10/7/2005 12/1/2005 11/1/2020 3293 331.6 10/17/2005 12/1/2005 11/1/2035 3294 1138.93 10/21/2005 12/1/2005 11/1/2035 3295 365.61 10/24/2005 12/1/2005 11/1/2035 3296 6267.73 9/1/2005 11/1/2005 10/1/2035 3297 1095.64 9/22/2005 11/1/2005 10/1/2035 3298 383.37 9/22/2005 11/1/2005 10/1/2020 3299 1455.21 9/26/2005 11/1/2005 10/1/2035 3300 1475.79 9/20/2005 11/1/2005 10/1/2035 3301 1925 9/29/2005 12/1/2005 11/1/2035 3302 678.58 9/29/2005 12/1/2005 11/1/2020 3303 3792.41 9/29/2005 12/1/2005 11/1/2035 3304 1223.16 9/29/2005 12/1/2005 11/1/2020 3305 2308.32 8/24/2005 10/1/2005 9/1/2035 3306 1840.26 9/6/2005 10/1/2005 9/1/2035 3307 889.47 7/29/2005 9/1/2005 8/1/2035 3308 1719.98 7/27/2005 9/1/2005 8/1/2035 3309 1129.87 7/29/2005 9/1/2005 8/1/2035 3310 560.42 7/29/2005 9/1/2005 8/1/2035 3311 1408.33 7/25/2005 9/1/2005 8/1/2035 3312 531.81 7/25/2005 9/1/2005 8/1/2020 3313 3507.5 7/28/2005 9/1/2005 8/1/2035 3314 157.93 10/24/2005 12/1/2005 11/1/2020 3315 567.6 10/24/2005 12/1/2005 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4894.51 10/18/2005 12/1/2005 11/1/2035 3340 1133.73 10/6/2005 12/1/2005 11/1/2035 3341 1539.67 10/13/2005 12/1/2005 11/1/2035 3342 733.54 10/17/2005 12/1/2005 11/1/2035 3343 1455.55 10/19/2005 12/1/2005 11/1/2035 3344 494.05 10/20/2005 12/1/2005 11/1/2035 3345 1317.04 10/13/2005 12/1/2005 11/1/2035 3346 2306.56 10/17/2005 12/1/2005 11/1/2035 3347 2022.62 10/21/2005 12/1/2005 11/1/2035 3348 325.39 10/21/2005 12/1/2005 11/1/2035 3349 3511.98 10/14/2005 12/1/2005 11/1/2035 3350 1049.6 10/20/2005 12/1/2005 11/1/2035 3351 1230.69 10/19/2005 12/1/2005 11/1/2035 3352 527.66 10/11/2005 12/1/2005 11/1/2035 3353 2852.76 10/3/2005 12/1/2005 11/1/2035 3354 227.73 10/4/2005 12/1/2005 11/1/2020 3355 1324.51 10/13/2005 12/1/2005 11/1/2035 3356 4039.11 10/6/2005 12/1/2005 11/1/2035 3357 704.24 10/3/2005 12/1/2005 11/1/2035 3358 1486.12 10/7/2005 12/1/2005 11/1/2035 3359 637.38 10/7/2005 12/1/2005 11/1/2020 3360 713.23 10/4/2005 12/1/2005 11/1/2035 3361 1607.81 10/17/2005 12/1/2005 11/1/2035 3362 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12/1/2005 11/1/2035 3501 1199.84 10/26/2005 12/1/2005 11/1/2020 3502 2673.75 11/3/2005 12/1/2005 11/1/2035 3503 2758.95 11/3/2005 12/1/2005 11/1/2035 3504 3052.77 11/4/2005 1/1/2006 12/1/2035 3505 4436.11 10/14/2005 12/1/2005 11/1/2035 3506 1781.22 10/20/2005 12/1/2005 11/1/2035 3507 517.19 10/20/2005 12/1/2005 11/1/2035 3508 1427.35 10/19/2005 12/1/2005 11/1/2035 3509 1668.2 10/21/2005 12/1/2005 11/1/2035 3510 639.22 10/21/2005 12/1/2005 11/1/2035 3511 421.24 10/17/2005 12/1/2005 11/1/2035 3512 1019.84 10/14/2005 12/1/2005 11/1/2035 3513 811.37 10/19/2005 12/1/2005 11/1/2035 3514 2674.65 10/14/2005 12/1/2005 11/1/2035 3515 725.07 10/25/2005 12/1/2005 11/1/2035 3516 4921.88 10/18/2005 12/1/2005 11/1/2035 3517 1852.92 10/13/2005 12/1/2005 11/1/2035 3518 3323.17 10/18/2005 12/1/2005 11/1/2035 3519 1485.12 9/28/2005 11/1/2005 10/1/2035 3520 1773.41 10/19/2005 12/1/2005 11/1/2035 3521 927.55 10/7/2005 12/1/2005 11/1/2035 3522 2054.91 10/27/2005 12/1/2005 11/1/2035 3523 2662.01 10/20/2005 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11/1/2035 3570 736.42 9/30/2005 11/1/2005 10/1/2035 3571 505.58 10/13/2005 12/1/2005 11/1/2035 3572 1444.47 10/5/2005 12/1/2005 11/1/2035 3573 1946.82 10/6/2005 12/1/2005 11/1/2035 3574 1099.62 10/27/2005 12/1/2005 11/1/2035 3575 999.61 10/4/2005 12/1/2005 11/1/2035 3576 481.65 10/4/2005 12/1/2005 11/1/2035 3577 824.04 10/25/2005 12/1/2005 11/1/2035 3578 2084.17 10/19/2005 12/1/2005 11/1/2035 3579 754.58 10/20/2005 12/1/2005 11/1/2035 3580 866.43 10/21/2005 12/1/2005 11/1/2035 3581 277.45 10/25/2005 12/1/2005 11/1/2025 3582 1188.04 10/17/2005 12/1/2005 11/1/2035 3583 3162.5 10/19/2005 12/1/2005 11/1/2035 3584 2031.72 8/29/2005 10/1/2005 9/1/2020 3585 1343.47 8/30/2005 10/1/2005 9/1/2035 3586 857.67 8/30/2005 10/1/2005 9/1/2020 3587 3468.18 8/22/2005 10/1/2005 9/1/2035 3588 2461.24 8/25/2005 10/1/2005 9/1/2035 3589 5046.87 8/23/2005 10/1/2005 9/1/2035 3590 759.75 10/14/2005 11/1/2005 10/1/2035 3591 1211.83 10/6/2005 12/1/2005 11/1/2035 3592 257.9 10/7/2005 12/1/2005 11/1/2020 3593 1783.08 10/12/2005 12/1/2005 11/1/2035 3594 2059 10/12/2005 12/1/2005 11/1/2035 3595 194.9 10/10/2005 12/1/2005 11/1/2015 3596 958.43 10/5/2005 12/1/2005 11/1/2035 3597 4343.75 10/7/2005 12/1/2005 11/1/2035 3598 553.29 10/11/2005 12/1/2005 11/1/2035 3599 2334.95 10/8/2004 12/1/2004 11/1/2034 3600 1992.62 6/28/2005 8/1/2005 7/1/2035 3601 1295.93 9/27/2005 10/1/2005 9/1/2035 3602 360.4 10/3/2005 12/1/2005 11/1/2035 3603 1760.6 9/28/2005 11/1/2005 10/1/2035 3604 1637.56 10/18/2005 12/1/2005 11/1/2035 3605 1256.26 10/7/2005 12/1/2005 11/1/2035 3606 626.67 10/25/2005 12/1/2005 11/1/2035 3607 581.98 9/28/2005 11/1/2005 10/1/2035 3608 2607.49 9/23/2005 11/1/2005 10/1/2035 3609 617.97 10/3/2005 12/1/2005 11/1/2035 3610 1907.48 10/14/2005 12/1/2005 11/1/2035 3611 873.37 10/12/2005 12/1/2005 11/1/2035 3612 351.64 10/12/2005 12/1/2005 11/1/2035 3613 1112.08 9/20/2005 11/1/2005 10/1/2035 3614 868.43 9/28/2005 11/1/2005 10/1/2035 3615 1271.73 10/11/2005 12/1/2005 11/1/2035 3616 1309.05 9/14/2005 11/1/2005 10/1/2035 3617 363.96 10/11/2005 12/1/2005 11/1/2025 3618 1268.38 10/3/2005 12/1/2005 11/1/2035 3619 1027.15 10/20/2005 12/1/2005 11/1/2035 3620 1872.26 10/25/2005 12/1/2005 11/1/2035 3621 940.34 10/21/2005 12/1/2005 11/1/2035 3622 725.85 10/20/2005 12/1/2005 11/1/2035 3623 1750.77 10/19/2005 12/1/2005 11/1/2035 3624 157.49 10/12/2005 12/1/2005 11/1/2015 3625 496.2 10/5/2005 12/1/2005 11/1/2035 3626 491.54 10/3/2005 12/1/2005 11/1/2035 3627 2573.19 10/4/2005 12/1/2005 11/1/2035 3628 614.31 10/4/2005 12/1/2005 11/1/2035 3629 792.27 10/7/2005 12/1/2005 11/1/2035 3630 1038.02 10/7/2005 12/1/2005 11/1/2035 3631 747.76 10/10/2005 12/1/2005 11/1/2035 3632 669.85 10/21/2005 12/1/2005 11/1/2035 3633 1815.47 10/17/2005 12/1/2005 11/1/2035 3634 1187.46 8/25/2005 10/1/2005 9/1/2035 3635 5498.01 10/7/2005 12/1/2005 11/1/2035 3636 816.89 10/3/2005 12/1/2005 11/1/2035 3637 2257.89 10/12/2005 12/1/2005 11/1/2035 3638 258.41 10/6/2005 12/1/2005 11/1/2035 3639 412.89 10/6/2005 12/1/2005 11/1/2035 3640 447.38 10/7/2005 12/1/2005 11/1/2035 3641 974.62 10/13/2005 12/1/2005 11/1/2035 3642 3793.93 10/17/2005 12/1/2005 11/1/2035 3643 1550.99 9/6/2005 11/1/2005 10/1/2035 3644 1070.7 10/27/2005 12/1/2005 11/1/2035 3645 2131.51 10/19/2005 12/1/2005 11/1/2035 3646 559.52 10/5/2005 12/1/2005 11/1/2035 3647 3854.42 10/20/2005 12/1/2005 11/1/2035 3648 759.5 10/21/2005 12/1/2005 11/1/2035 3649 482.26 10/10/2005 12/1/2005 11/1/2035 3650 243.2 10/21/2005 12/1/2005 11/1/2035 3651 564.94 6/9/2005 8/1/2005 7/1/2035 3652 1845.24 8/31/2005 10/1/2005 9/1/2035 Loan Number As of Date Loan Age Original Term Remaining Term (Stated) ----------- ---------- -------- ------------- ----------------------- 1 2/1/2006 4 360 356 2 2/1/2006 3 360 357 3 2/1/2006 4 360 356 4 2/1/2006 4 360 356 5 2/1/2006 11 360 349 6 2/1/2006 8 360 352 7 2/1/2006 8 360 352 8 2/1/2006 5 360 355 9 2/1/2006 6 360 354 10 2/1/2006 5 360 355 11 2/1/2006 5 360 355 12 2/1/2006 6 360 354 13 2/1/2006 6 360 354 14 2/1/2006 6 180 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2/1/2006 6 360 354 61 2/1/2006 6 360 354 62 2/1/2006 4 180 176 63 2/1/2006 6 360 354 64 2/1/2006 5 360 355 65 2/1/2006 5 360 355 66 2/1/2006 6 360 354 67 2/1/2006 5 360 355 68 2/1/2006 5 360 355 69 2/1/2006 5 360 355 70 2/1/2006 6 180 174 71 2/1/2006 6 360 354 72 2/1/2006 4 360 356 73 2/1/2006 5 360 355 74 2/1/2006 5 360 355 75 2/1/2006 5 180 175 76 2/1/2006 5 360 355 77 2/1/2006 5 360 355 78 2/1/2006 5 360 355 79 2/1/2006 5 360 355 80 2/1/2006 5 360 355 81 2/1/2006 5 360 355 82 2/1/2006 5 360 355 83 2/1/2006 5 360 355 84 2/1/2006 5 180 175 85 2/1/2006 5 360 355 86 2/1/2006 6 360 354 87 2/1/2006 5 360 355 88 2/1/2006 5 360 355 89 2/1/2006 5 180 175 90 2/1/2006 5 360 355 91 2/1/2006 5 180 175 92 2/1/2006 5 180 175 93 2/1/2006 6 360 354 94 2/1/2006 5 360 355 95 2/1/2006 5 360 355 96 2/1/2006 5 180 175 97 2/1/2006 4 180 176 98 2/1/2006 5 360 355 99 2/1/2006 5 360 355 100 2/1/2006 5 360 355 101 2/1/2006 5 360 355 102 2/1/2006 5 360 355 103 2/1/2006 5 360 355 104 2/1/2006 5 360 355 105 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