0000882377-06-003426 Sample Contracts

TRUST AGREEMENT
Trust Agreement • October 5th, 2006 • Home Equity Mortgage Trust 2006-2 • Asset-backed securities • New York

THIS AMENDMENT NO. 1, dated as of September 12, 2006 (the “Amendment”), to the Trust Agreement (the “Trust Agreement”), dated as of April 28, 2006, between ASSET BACKED SECURITIES CORPORATION, a Delaware corporation, as depositor (the “Depositor”), and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as owner trustee (the “Owner Trustee”).

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