STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. MORTGAGE PASS-THROUGH CERTIFICATES UNDERWRITING AGREEMENTUnderwriting Agreement • September 17th, 2007 • Prime Mortgage Trust 2007-3 • Asset-backed securities • New York
STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Depositor U.S. BANK NATIONAL ASSOCIATION, Trustee and EMC MORTGAGE CORPORATION, Seller and Master Servicer POOLING AND SERVICING AGREEMENT Dated as of August 1, 2007 Structured Asset Mortgage Investments...Pooling and Servicing Agreement • September 17th, 2007 • Prime Mortgage Trust 2007-3 • Asset-backed securities • New York
Principal shall be payable to, and shortfalls, losses and prepayments are allocable to, the REMIC II Regular Interests as such amounts are payable and allocable to the Corresponding Interests. Interest shall be payable to the REMIC II Regular Interests at the Pass-Through Rate for each such REMIC II Regular Interest on each such REMIC II Regular Interest’s Uncertificated Principal Balance.
