BILL OF SALE
XXXXXX
XXXXXXX SECURITIZED ASSETS LLC (“MSSA”),
in
consideration of immediately available funds in an amount previously agreed
to
between MSSA and XXXXXX XXXXXXX ABS CAPITAL I INC. (the “Purchaser”)
does
as of January 26, 2007, hereby sell, transfer, assign, set over and otherwise
convey to the Purchaser without recourse, all MSSA’s right, title and interest
in and to the Mortgage Loans described on Exhibit A attached hereto and made
a
part hereof, including all interest and principal with respect thereto received
on or after the related Cut-off Date, other than such amounts which were due
on
the Mortgage Loans on or prior to the related Cut-off Date. MSSA xxxxxx agrees
that it will (i) deliver possession of the notes evidencing the Mortgage
Loans to, or at the direction of, the Purchaser and (ii) take in a timely
manner all necessary steps under all applicable laws to convey and to perfect
the conveyance of the Mortgage Loans to, or upon the direction of, the
Purchaser.
MSSA
represents that it has not (i) sold, assigned, transferred or granted any
existing lien or encumbrance on the Mortgage Loans, or an interest therein,
to
any person except to the Purchaser hereunder or (ii) consented to any change
or
modification to the Mortgage Loans, or any interest therein, since MSSA acquired
such Mortgage Loans, except as such modifications are contained in the related
loan file.
This
Bill
of Sale shall be governed by, and construed in accordance with, the substantive
laws of the State of New York.
DATED:
January 26, 2007
XXXXXX
XXXXXXX SECURITIZED ASSETS LLC
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By:
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/s/
Xxxxxx X. Xxxxxxx
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Name:
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Xxxxxx
X. Xxxxxxx
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Title:
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Executive
Vice President
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Agreed
and Accepted:
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XXXXXX
XXXXXXX ABS CAPITAL I INC.
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By:
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/s/
Xxxxxx Xxxxxxx
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Name:
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Xxxxxx
Xxxxxxx
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Title:
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Managing
Director
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EXHIBIT
A
Mortgage
Loan Schedule
Available
upon request