0001144204-07-058978 Sample Contracts

AMENDMENT NO. 2 TO THE SALE AND SERVICING AGREEMENT
Sale and Servicing Agreement • November 7th, 2007 • Novastar Mortgage Funding Corp • Asset-backed securities • New York

Amendment No. 2, dated as of November 1, 2007 (the “Amendment”), to the Sale and Servicing Agreement (the “Agreement”) dated as of May 1, 2006, by and among NovaStar Certificates Financing Corporation, as depositor (the “Depositor”), NovaStar Mortgage, Inc., as sponsor and servicer (the “Sponsor” or “Servicer”), NovaStar Financial, Inc., as seller (the “Seller”), NovaStar Mortgage Funding Trust, Series 2006-MTA1, as issuing entity (the “Issuing Entity”), U.S. Bank National Association, as custodian (the “Custodian”), The Bank of New York (as successor to JPMorgan Chase Bank, National Association), as indenture trustee (the “Indenture Trustee”) and The Bank of New York (as successor to J.P. Morgan Trust Company, National Association), as co-trustee (the “Co-Trustee”). Capitalized terms used and not defined herein shall have the meaning set forth in the Agreement and Appendix I thereto.

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AMENDMENT NO. 1 TO THE SALE AND SERVICING AGREEMENT
Sale and Servicing Agreement • November 7th, 2007 • Novastar Mortgage Funding Corp • Asset-backed securities • New York

Amendment No. 1, dated as of October 31, 2007 (the “Amendment”), to the Sale and Servicing Agreement (the “Agreement”) dated as of May 1, 2006, by and among NovaStar Certificates Financing Corporation, as depositor (the “Depositor”), NovaStar Mortgage, Inc., as sponsor and servicer (the “Sponsor” or “Servicer”), NovaStar Financial, Inc., as seller (the “Seller”), NovaStar Mortgage Funding Trust, Series 2006-MTA1, as issuing entity (the “Issuing Entity”), U.S. Bank National Association, as custodian (the “Custodian”), The Bank of New York (as successor to JPMorgan Chase Bank, National Association), as indenture trustee (the “Indenture Trustee”) and The Bank of New York (as successor to J.P. Morgan Trust Company, National Association), as co-trustee (the “Co-Trustee”). Capitalized terms used and not defined herein shall have the meaning set forth in the Agreement and Appendix I thereto.

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