Common Contracts

2 similar Rate Swap Transaction contracts by Hasco 2006-Opt3, Hsi Asset Securitization Corp

Dated: July 7, 2006
Rate Swap Transaction • July 21st, 2006 • Hsi Asset Securitization Corp • Asset-backed securities • New York

The purpose of this letter agreement (“Agreement”) is to confirm the terms and conditions of the Rate Cap Transaction entered into on the Trade Date specified below (the “Transaction”) between The Bank of New York (“BNY”), a trust company duly organized and existing under the laws of the State of New York, and the Supplemental Interest Trust of the First Franklin Mortgage Loan Trust 2006-FF9 (the “Counterparty”), as represented by Wells Fargo Bank, N.A. not in its individual capacity, but solely as securities administrator ( the “Securities Administrator”) of the Supplemental Interest Trust created under the Pooling and Servicing Agreement, dated and effective June 1, 2006, among HSI Asset Securitization Corporation, as depositor (the “Depositor”), the Securities Administrator, Wells Fargo Bank, N.A., in the additional capacities of master servicer and custodian (the “Master Servicer”), National City Home Loan Services, Inc., as servicer (the “Servicer”) of the mortgage loans, First Fr

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Rate Swap Transaction Re: BNY Reference No. 37543
Rate Swap Transaction • April 19th, 2006 • Hasco 2006-Opt3 • Asset-backed securities • New York

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, as modified by the Schedule terms in Section 4 of this Confirmation (the “Master Agreement”), shall be deemed to have been executed by you and us on the date we entered into the Transaction. Each party hereto agrees that the Master Agreement deemed to have been executed by the parties hereto shall be the same Master Agreement referred to in the agreement setting forth the terms of transaction reference number 37542. 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 Transact

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