EXHIBIT 1.1 ASSET BACKED FUNDING CORPORATION $1,026,972,000 (Approximate) Asset Backed Funding Corporation Asset-Backed Certificates, Series 2006-OPT1 August 8, 2006 UNDERWRITING AGREEMENT Banc of America Securities LLC 214 North Tryon Street...Underwriting Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities • New York
EXHIBIT 10.3 ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT Assignment, Assumption and Recognition Agreement, dated August 10, 2006, among Bank of America, National Association, a national banking association (the "Assignor"), Asset Backed Funding...Assignment, Assumption and Recognition Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities
ASSET BACKED FUNDING CORPORATION, Depositor OPTION ONE MORTGAGE CORPORATION, Servicer and WELLS FARGO BANK, N.A., TrusteePooling and Servicing Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities • New York
Conventional, Adjustable and Fixed Rate Residential Mortgage LoansMortgage Loan Purchase and Warranties Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities • New York
ARTICLE II SALE OF MORTGAGE LOANS; PAYMENT OF PURCHASE PRICEMortgage Loan Purchase Agreement • August 25th, 2006 • ABFC 2006-Opt1 Trust • Asset-backed securities • New York
