AMENDMENT NO. 1 TO THE SALE AND SERVICING AGREEMENTSale and Servicing Agreement • July 5th, 2006 • NovaStar Mortgage Funding Trust, Series 2006-1 • Asset-backed securities • New York
Amendment No. 1, dated as of June 30, 2006 (the “Amendment”), to the Sale and Servicing Agreement (the “Agreement”) dated as of April 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 Mortgage Funding Trust, Series 2006-1, as issuing entity (the “Issuing Entity”), U.S. Bank, National Association, as custodian (the “Custodian”), JPMorgan Chase Bank, National Association, as indenture trustee (the “Indenture Trustee”) and 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.
