ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENTAssignment, Assumption and Recognition Agreement • October 15th, 2003 • Bear Stearns Asset Backed Securities Inc • Asset-backed securities • New York
THIS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT (the "Assignment and Assumption Agreement"), dated as of August 1, 2003, by EMC Mortgage Corporation, a Delaware corporation (the "Assignor"), JPMorgan Chase Bank, as trustee (the "Assignee") for the holders of Bear Stearns Asset Backed Securities Trust 2003-SD1, Asset-Backed Certificates, Series 2003-SD1 (the "Certificates"), Bear Stearns Asset Backed Securities, Inc. (the "Depositor"), Washington Mutual Bank, FA (the "Company" or a "Seller"), Washington Mutual Bank ("WMB" or a "Seller") and Washington Mutual Bank fsb ("WFSB", together with the Company and WMB, the "Sellers").
