PEOPLE’S CHOICE HOME LOAN SECURITIES CORP., as Purchaser, and PEOPLE’S CHOICE FUNDING, INC., as Seller MORTGAGE LOAN PURCHASE AGREEMENT Dated as of [ ] FIXED AND ADJUSTABLE RATE MORTGAGE LOANSMortgage Loan Purchase Agreement • May 19th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
This MORTGAGE LOAN PURCHASE AGREEMENT (this “Agreement”), dated as of [ ] (the “Cut-off Date”), is made among People’s Choice Funding, Inc. (the “Seller”) and People’s Choice Home Loan Securities Corp. (the “Purchaser”).
PEOPLE’S CHOICE HOME LOAN SECURITIES CORP., as Depositor, PEOPLE’S FINANCIAL REALTY MORTGAGE SECURITIES TRUST, SERIES [ ], as Issuer, as Indenture Trustee, [WELLS FARGO BANK, NATIONAL ASSOCIATION], as Master Servicer and Securities Administrator, as...Sale and Servicing Agreement • May 19th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
THIS IS A SALE AND SERVICING AGREEMENT, dated as of [ ] (the “Agreement”), among People’s Choice Home Loan Securities Corp., a Delaware corporation, as depositor (the “Depositor”), People’s Financial Realty Mortgage Securities Trust, Series [ ], a Delaware statutory trust, as issuer (the “Issuer”), [ ], a national banking association, not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”), [Wells Fargo Bank, National Association], as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”), [ ], as servicer (the “Servicer”), People’s Choice Home Loan, Inc., as the designee of People’s Choice Funding, Inc., to perform the duties of the Subservicer pursuant to the Subservicing Agreement (the “Subservicer”), and People’s Choice Funding, Inc., as seller (in such capacity, the “Seller”) and as company (in such capacity, the “Company”). The Servicer engaged the Seller as its
SUBSERVICING AGREEMENTSubservicing Agreement • May 19th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
ADMINISTRATION AGREEMENT among PEOPLE’S FINANCIAL REALTY MORTGAGE SECURITIES TRUST, SERIES [ ], as Issuing Entity, as Administrator, as Owner Trustee, and PEOPLE’S CHOICE HOME LOAN SECURITIES CORP., as Depositor Dated as of [ ]Administration Agreement • May 19th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
This ADMINISTRATION AGREEMENT (the “Agreement”) is entered into as of [ ], among PEOPLE’S FINANCIAL REALTY MORTGAGE SECURITIES TRUST, SERIES [ ], a Delaware statutory trust (the “Issuing Entity”), [ ], as Administrator (the “Administrator”), [ ], not in its individual capacity but solely as Owner Trustee (the “Owner Trustee”) and PEOPLE’S CHOICE HOME LOAN SECURITIES CORP., as Depositor (the “Depositor”).
as Servicer, [WELLS FARGO BANK, NATIONAL ASSOCIATION], as Master Servicer, PEOPLE’S CHOICE HOME LOAN, INC., as Subservicer, PEOPLE’S FINANCIAL REALTY MORTGAGE SECURITIES TRUST, SERIES [ ], as Issuing Entity, and as Indenture Trustee SERVICING...Servicing Agreement • May 19th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
THIS IS A SERVICING AGREEMENT, dated as of [ ] (the “Agreement”), and is executed among [ ], as servicer (the “Servicer”), [Wells Fargo Bank, National Association], as master servicer (the “Master Servicer”), People’s Choice Home Loan, Inc., as the designee of People’s Choice Funding, Inc. to perform the duties of the Subservicer pursuant to the Subservicing Agreement (the “Subservicer”), People’s Financial Realty Mortgage Securities Trust, Series [ ], as issuing entity (the “Issuing Entity” or the “Trust”), and [ ], as indenture trustee (the “Indenture Trustee”).
CUSTODIAL AGREEMENTCustodial Agreement • May 19th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
This release will not invalidate any insurance coverage provided in respect of the Mortgage Loan under any of the Insurance Policies.
PEOPLE’S CHOICE HOME LOAN SECURITIES CORP. Mortgage-Backed Notes, Series [ ] UNDERWRITING AGREEMENTUnderwriting Agreement • May 19th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
People’s Choice Home Loan Securities Corp., a Delaware corporation (the “Company”), proposes to sell to you (the “Representative”) and the several underwriters listed on Schedule I hereto (collectively, the “Underwriters”) all of the Company’s Mortgage-Backed Notes, Series [ ], [Class 1A1, Class 1A2, Class 1A3 and Class 2A1 (collectively, the “Class A Notes”), Class Ml, Class M2, Class M3, Class M4, Class M5, Class M6, Class M7, Class M8, Class M9, Class M10 and Class M11] (collectively, the “Class M Notes” and together with the Class A Notes, the “Notes”), having the aggregate principal amounts and Note Rates set forth above, in the respective denominations set forth in Schedule II attached hereto. The Notes will evidence the entire beneficial interest in the Trust Estate (as defined in the Indenture referred to below) consisting primarily of a pool (the “Pool”) of conventional, fixed-rate and adjustable-rate sub-prime one- to four-family residential mortgage loans (the “Mortgage Loan
