RESIDENTIAL ACCREDIT LOANS, INC.
Depositor,
RESIDENTIAL FUNDING COMPANY, LLC,
Master Servicer,
and
DEUTSCHE BANK TRUST COMPANY AMERICAS,
Trustee
AMENDMENT NO. 1
dated as of November 8, 2006
Amending the
POOLING AND SERVICING AGREEMENT
among the Depositor, the Master Servicer
and the Trustee
Dated as of July 1, 2006
Mortgage Asset-Backed Pass-Through Certificates
Series 2006-QS9
AMENDMENT NO. 1 ("Amendment"), dated as of November 8, 2006 to the
Agreement (defined below). Capitalized terms used herein shall have the meanings
given thereto in the Agreement.
WHEREAS, RESIDENTIAL ACCREDIT LOANS, INC. (the "Depositor"), RESIDENTIAL
FUNDING COMPANY, LLC (the "Master Servicer") and DEUTSCHE BANK TRUST COMPANY
AMERICAS (the "Trustee"), entered into a Series Supplement, dated as of July 1,
2006 (the "Series Supplement"), to the Standard Terms of Pooling and Servicing
Agreement, dated as of March 1, 2006 (the "Standard Terms" and, together with
the Series Supplement, the "Pooling and Servicing Agreement" or the
"Agreement"), providing for the issuance of Mortgage Asset-Backed Pass-Through
Certificates, Series 2006-QS9;
WHEREAS, Section 11.01(a)(ii) of the Agreement permits the amendment of
the Agreement by the Depositor, the Master Servicer and the Trustee to correct
or supplement any provisions therein, which may be inconsistent with any other
provisions therein or to correct any error;
WHEREAS, the Depositor, the Master Servicer and the Trustee wish to
amend the Agreement on the terms and conditions set forth herein;
WHEREAS, the Depositor hereby authorizes and directs the Trustee to
enter into this Amendment No. 1 on the terms provided herein and the Trustee, by
execution of this Amendment No. 1, complies therewith; and
WHEREAS, the execution of this Amendment No. 1 has been duly authorized
by the Depositor, the Master Servicer and the Trustee;
NOW THEREFORE, the Depositor, the Master Servicer and the Trustee hereby
agree as follows:
Section 1.
Clause (i) of the third sentence of Section 4.05 entitled "Allocation of
Realized Losses" of the Agreement is hereby amended effective as of the date
hereof by deleting clause (i) in its entirety and replacing it with the
following:
"(i) the Group I Senior (other than the Class I-A-P Certificates)
and, in the case of the interest portion of such Realized Loss,
the Class I-A-V Certificates (in the case of a Group I Loan) on a
pro rata basis, provided, however, that up to $4,050,000 of such
Realized Losses otherwise allocable to the Class I-A-1
Certificates, up to $499,000 of such Realized Losses otherwise
allocable to the Class I-A-4 Certificates, up to $726,000 of such
Realized Losses otherwise allocable to the Class I-A-7
Certificates, up to $2,875,000 of such Realized Losses otherwise
allocable to the Class I-A-8 Certificates and up to $401,000 of
such Realized Losses otherwise allocable to the Class I-A-10
Certificates will be allocated to the Senior Support Certificates
until the Certificate Principal Balance of the Senior Support
Certificates has been reduced to zero,"
Section 2.
This Amendment No. 1 may be executed in any number of counterparts, each
of which shall be deemed to be an original, and such counterparts shall
constitute but one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused their names to be
signed hereto by their officers thereunto duly authorized and their seal, duly
attested, to be hereunto affixed, all as of the day and year first above
written.
RESIDENTIAL ACCREDIT LOANS, INC.,
as Depositor
By: /s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
Title: Vice President
RESIDENTIAL FUNDING
COMPANY, LLC, as Master Servicer
By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: Associate
DEUTSCHE BANK TRUST COMPANY AMERICAS,
as Trustee
By: /s/ Xxxxxxx Xxxxxxxxx
Name: Xxxxxxx Xxxxxxxxx
Title: Authorized Signer
