Exhibit 31 CERTIFICATION Re: Morgan Stanley ABS Capital I Inc. Trust 2004-NC5 (the "Trust"), Mortgage Pass-Through Certificates, Series 2004-NC5, issued pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2004 (the "Pooling and...Pooling and Servicing Agreement • March 31st, 2005 • Morgan Stanley ABS Capital I Inc. Trust 2004-Nc5 • Asset-backed securities
