0001144204-11-012632 Sample Contracts

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • March 3rd, 2011 • Sequoia Mortgage Trust 2011-1 • Asset-backed securities • New York

This is an Assignment, Assumption and Recognition Agreement (the “Agreement”) made as of the 1st day of March, 2011, among Redwood Residential Acquisition Corporation, a Delaware corporation (“Assignor”), Sequoia Residential Funding, Inc., a Delaware corporation (“Depositor”), Citibank, N.A., a national banking association, not in its individual capacity but solely as trustee (in such capacity, the “Trustee” and as referred to herein, the “Assignee”) under a Pooling and Servicing Agreement dated as of February 1, 2011 (the “Pooling and Servicing Agreement”), and PHH Mortgage Corporation, a New Jersey corporation (“PHH”).

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CUSTODIAL AGREEMENT Dated as of February 1, 2011 CITIBANK, N.A., as Trustee, WELLS FARGO BANK, N.A., as Custodian, WELLS FARGO BANK, N.A., as Master Servicer, SEQUOIA RESIDENTIAL FUNDING, INC., as Depositor, and REDWOOD RESIDENTIAL ACQUISITION...
Custodial Agreement • March 3rd, 2011 • Sequoia Mortgage Trust 2011-1 • Asset-backed securities • New York

THIS CUSTODIAL AGREEMENT dated as of February 1, 2011 (this “Custodial Agreement”), is made by and among Wells Fargo Bank, N.A., as custodian and master servicer, Redwood Residential Acquisition Corporation, as seller, Sequoia Residential Funding, Inc., as depositor, and Citibank, N.A., not in its individual capacity but solely as trustee (as “Trustee”) for the benefit of the holders of the Sequoia Mortgage Trust Mortgage Pass-Through Certificates, Series 2011-1 (the “Mortgage Certificates”), issued pursuant to the Pooling and Servicing Agreement, dated as of February 1, 2011 (the “Pooling and Servicing Agreement”), by and among Wells Fargo Bank, N.A., Citibank, N.A., and Sequoia Residential Funding, Inc.

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