0000882377-07-002035 Sample Contracts

EMC MORTGAGE CORPORATION Purchaser,
Warranties and Servicing Agreement • August 16th, 2007 • Prime Mortgage Trust 2007-1 • Asset-backed securities • New York

This is a Purchase, Warranties and Servicing Agreement, dated as of February 1, 2006 and is executed between EMC MORTGAGE CORPORATION, as Purchaser, with offices located at Mac Arthur Ridge II, 909 Hidden Ridge Drive, Suite 200, Irving, Texas 75038, and Mid America Bank, fsb, with offices located at 2650 Warrenville Road, Suite 500, Downers Grove, Illinois 60515.

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EMC MORTGAGE CORPORATION Purchaser and WELLS FARGO BANK, N.A. Company
Custodial Agreement • August 16th, 2007 • Prime Mortgage Trust 2007-1 • Asset-backed securities • New York

This is an Amended and Restated Master Seller's Warranties and Servicing Agreement for residential first mortgage loans, dated and effective as of November 1, 2005, and is executed between EMC Mortgage Corporation, as purchaser (the "Purchaser"), and Wells Fargo Bank, N.A., as seller and servicer (the "Company").

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • August 16th, 2007 • Prime Mortgage Trust 2007-1 • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of March 30, 2007, among EMC Mortgage Corporation (the “Assignor”), U.S. Bank National Association, not individually but solely as trustee for the holders of Prime Mortgage Trust, Mortgage Pass-Through Certificates, Series 2007-1 (the “Assignee”) and Mid America Bank, fsb (the “Company”).

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • August 16th, 2007 • Prime Mortgage Trust 2007-1 • Asset-backed securities • New York

THIS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT (the “Assignment and Assumption Agreement”), dated as of March 30, 2007, among EMC Mortgage Corporation, a Delaware corporation (the “Assignor”), U.S. Bank National Association, not individually but solely as trustee for the holders of Prime Mortgage Trust, Mortgage Pass-Through Certificates, Series 2007-1 (the “Assignee”) and Wells Fargo Bank, N.A. (the “Company”).

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • August 16th, 2007 • Prime Mortgage Trust 2007-1 • Asset-backed securities • New York

This Assignment, Assumption and Recognition Agreement (the “AAR Agreement”) is made and entered into as of March 30, 2007 (the “Closing Date”), among Structured Asset Mortgage Investments II Inc. (the “Assignor”), U.S. Bank National Association, not individually but solely as trustee for the holders of Prime Mortgage Trust, Mortgage Pass-Through Certificates, Series 2007-1 (the “Assignee”) and EMC Mortgage Corporation (the “Company”).

STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Owner and EMC MORTGAGE CORPORATION Servicer SERVICING AGREEMENT Dated as of March 1, 2007 Prime Mortgage Trust 2007-1 Mortgage Pass-Through Certificates Series 2007-1
Servicing Agreement • August 16th, 2007 • Prime Mortgage Trust 2007-1 • Asset-backed securities • New York

THIS IS A SERVICING AGREEMENT, dated as of March 1, 2007, and is executed between Structured Asset Mortgage Investments II Inc. (the "Owner") and EMC Mortgage Corporation (the "Servicer").

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