MASTER AMENDMENT NO. 1Home Loan Trust 2006-Hi2 • September 14th, 2006 • Asset-backed securities • New York
THIS MASTER AMENDMENT NO. 1 TO SERVICING AGREEMENTS dated as of August 1, 2006 (this "Amendment"), is among RESIDENTIAL FUNDING CORPORATION, a Delaware corporation, in its capacity as master servicer (the "Master Servicer"), the Delaware statutory trusts listed under the heading "Issuers" in the table on Exhibit A hereto (the "Issuers") and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, in its capacity as indenture trustee for the Issuers (the "Indenture Trustee"), and pursuant to the letter agreements attached as Exhibit B hereto, has been agreed to and acknowledged by FINANCIAL GUARANTY INSURANCE COMPANY, a New York-domiciled stock insurance corporation ("FGIC"), MBIA INSURANCE CORPORATION, a New York corporation ("MBIA") and AMBAC ASSURANCE CORPORATION a New York corporation ("AMBAC," and together with FGIC and MBIA, the "Enhancers"). WITNESSETH WHEREAS, the Master Servicer and the Indenture Trustee have entered a servicing agreement (collectively, the "Existing Agreements") with each o
