STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., DEPOSITOR CITIBANK, N.A., TRUSTEE WELLS FARGO BANK, N.A., SECURITIES ADMINISTRATOR and EMC MORTGAGE CORPORATION, SELLER AND MASTER SERVICER POOLING AND SERVICING AGREEMENT Dated as of February 1, 2007...Pooling and Servicing Agreement • May 24th, 2007 • Bear Stearns ARM Trust 2007-1 • Asset-backed securities • New York
THIS CERTIFICATE MAY NOT BE ACQUIRED DIRECTLY OR INDIRECTLY BY, OR ON BEHALF OF, AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT WHICH IS SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, UNLESS THE PROPOSED TRANSFEREE PROVIDES THE CERTIFICATE REGISTRAR WITH AN OPINION OF COUNSEL ADDRESSED TO THE DEPOSITOR, TRUSTEE, CERTIFICATE REGISTRAR, MASTER SERVICER AND SECURITIES ADMINISTRATOR AND ON WHICH THEY MAY RELY THAT IS SATISFACTORY TO THE CERTIFICATE REGISTRAR THAT THE PURCHASE OF CERTIFICATES ON BEHALF OF SUCH PERSON WILL NOT RESULT IN OR CONSTITUTE A NONEXEMPT PROHIBITED TRANSACTION, IS PERMISSIBLE UNDER APPLICABLE LAW AND WILL NOT GIVE RISE TO ANY ADDITIONAL OBLIGATIONS ON THE PART OF THE DEPOSITOR, THE MASTER SERVICER, THE SECURITIES ADMINISTRATOR, CERTIFICATE REGISTRAR OR THE TRUSTEE.
STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Bear Stearns ARM Trust 2007-1 Mortgage Pass-Through Certificates, Series 2007-1 TERMS AGREEMENTTerms Agreement • May 24th, 2007 • Bear Stearns ARM Trust 2007-1 • Asset-backed securities
Class Designation Schedule of the Certificates: Class I-A-1, Class I-X-1, Class I-A-2, Class II-A-1, Class II-X-1, Class II-A-2, Class III-A-1, Class III-X-1, Class III-A-2, Class IV-A-1, Class IV-X-1, Class V-A-1, Class V-X-1, Class V-A-2, Class R-I, Class R-II, Class R-III, Class B-1, Class B-2, Class B-3, and Class B-4 Certificates.
