0000882377-06-004191 Sample Contracts

AGENCY AGREEMENT
Agency Agreement • December 15th, 2006 • Bear Stearns Mortgage Funding Trust 2006-Ac1 • Asset-backed securities • New York

This AGENCY AGREEMENT, dated as of November 1, 2006 (this “Agency Agreement”), is entered into by and between HSBC Bank USA, National Association (“HSBC”), a national banking association, as trustee under the Pooling and Servicing Agreement (as defined below) and Wells Fargo Bank, N.A. (“Wells Fargo”), a national banking association, as agent.

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RESIGNATION, SUCCESSOR APPOINTMENT AND ACCEPTANCE AGREEMENT
Resignation, Successor Appointment and Acceptance Agreement • December 15th, 2006 • Bear Stearns Mortgage Funding Trust 2006-Ac1 • Asset-backed securities • New York

This AGREEMENT (this “Agreement”), effective as of November 1, 2006 (the “Effective Date”), is entered into by Wells Fargo Bank, N.A. (the “Resigning Trustee”), HSBC Bank USA, National Association, as Successor Trustee (the “Successor Trustee”) and Bear Stearns Asset Backed Securities I LLC (the “Depositor”).

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