0000899681-00-000390 Sample Contracts

MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • November 3rd, 2000 • Asset Backed Sec Corp Home Equity Loan Series 2000 Lb1 • Asset-backed securities • New York

This is a Mortgage Loan Purchase Agreement (the "Agreement"), dated August 1, 2000, between Asset Backed Securities Corporation, a Delaware corporation (the "Purchaser") and Long Beach Mortgage Company, a Delaware corporation (the "Seller").

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SCHEDULE TO THE MASTER AGREEMENT DATED AS OF AUGUST 31, 2000
Master Agreement • November 3rd, 2000 • Asset Backed Sec Corp Home Equity Loan Series 2000 Lb1 • Asset-backed securities • New York

between WESTDEUTSCHE LANDESBANK GIROZENTRALE, a bank organized under the laws of the State of North Rhine - Westphalia acting through its NEW YORK BRANCH ("Party A") and ASSET BACKED SECURITIES CORPORATION, LONG BEACH HOME EQUITY LOAN TRUST 2000-LB1 ("Party B") PART I TERMINATION PROVISIONS

ASSET BACKED SECURITIES CORPORATION Depositor LONG BEACH MORTGAGE COMPANY Master Servicer and BANKERS TRUST COMPANY OF CALIFORNIA, N.A. Trustee
Pooling and Servicing Agreement • November 3rd, 2000 • Asset Backed Sec Corp Home Equity Loan Series 2000 Lb1 • Asset-backed securities • New York

This Pooling and Servicing Agreement, is dated and effective as of August 1, 2000, among ASSET BACKED SECURITIES CORPORATION as Depositor, LONG BEACH MORTGAGE COMPANY as Master Servicer and BANKERS TRUST COMPANY OF CALIFORNIA, N.A. as Trustee.

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