0001162318-08-000061 Sample Contracts

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ADMINISTRATION AGREEMENT among PHH MORTGAGE TRUST, SERIES 2008-CIM1, as Issuer HSBC BANK USA, NATIONAL ASSOCIATION, as Indenture Trustee, WELLS FARGO BANK, N.A., as Securities Administrator, LASALLE NATIONAL TRUST DELAWARE, as Owner Trustee and ACE...
Administration Agreement • May 9th, 2008 • PHH Mortgage Trust, Series 2008-Cim1 • Asset-backed securities • New York

This Administration Agreement (the “Agreement”) is entered into as of April 24, 2008 among PHH MORTGAGE TRUST, SERIES 2008-CIM1, a Delaware statutory trust (the “Issuer”), HSBC BANK USA, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”), WELLS FARGO BANK, N.A., a national banking association, not in its individual capacity but solely as securities administrator (the “Securities Administrator”), LASALLE NATIONAL TRUST DELAWARE, not in its individual capacity but solely as owner trustee of the Issuer (the “Owner Trustee”) and ACE SECURITIES CORP. (as Depositor).

Contract
Assignment, Assumption and Recognition Agreement • May 9th, 2008 • PHH Mortgage Trust, Series 2008-Cim1 • Asset-backed securities • New York

THIS ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT (this “Assignment”), dated of April 1, 2008, is entered into among ACE Securities Corp (the “Assignee”), having an address at 6525 Morrison Boulevard, Suite 318, Charlotte, North Carolina 28211, Chimera Investment Corporation (the “Assignor”), having an address at 1211 Avenue of the Americas, Suite 2902, New York, New York 10036, PHH Mortgage Corporation, as seller (in such capacity, the “Seller”) and as servicer (in such capacity, the “Servicer”) under the Agreement referenced below, having an address at 3000 Leadenhall Road, Mt. Laurel, New Jersey 08504, and acknowledged and agreed to by Wells Fargo Bank, N.A., as master servicer (the “Master Servicer”) and securities administrator (the “Securities Administrator”).

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