Financial Guaranty Sample Contracts

ENDORSEMENT NO. 1 TO FINANCIAL GUARANTY TO INSURANCE POLICY
Financial Guaranty • July 12th, 2006 • ACE Securities Corp. Home Equity Loan Trust, Series 2006-Gp1 • Asset-backed securities • New York

Obligor: ACE Home Equity Loan Trust, Series 2006-GP1, established pursuant to the Trust Agreement, dated as of May 25, 2006, between ACE Securities Corp., as Depositor and Wilmington Trust Company, as Owner Trustee, as amended and restated by the Amended and Restated Trust Agreement, dated as of May 31, 2006, among the Depositor, the Owner Trustee and LaSalle Bank National Association, in its capacity as Securities Administrator.

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