GS MORTGAGE SECURITIES
CORP.
Assignor,
CITIBANK N.A.
not in its individual capacity, but
solely as trustee on behalf of
GSR MORTGAGE LOAN TRUST
2006-AR2,
Assignee/Trustee
RESIDIENTIAL FUNDING
CORPORATION
Company/Servicer,
and
WELLS FARGO BANK, N.A.,
Master Servicer
AMENDMENT NO. 1
dated as of September 30,
2006
Amending the
ASSIGNMENT AND ASSUMPTION
AGREEMENT
among the Assignor, the Assignee,
the Company and the Master Servicer
Dated as of April 1, 2006
AMENDMENT NO. 1
(“Amendment”), dated as of September 30, 2006, and
effective as of such date, to the Agreement (defined below).
Capitalized terms used herein shall have the meanings given thereto
in the Agreement.
WHEREAS, GS
MORTGAGE SECURITIES CORP. (the "Assignor"), CITIBANK N.A., not in
its individual capacity, but solely as trustee on behalf of GSR
MORTGAGE LOAN TRUST 2006-AR2, (the "Assignee" or "Trustee"),
RESIDIENTIAL FUNDING CORPORATION (the "Company" or "Servicer"), and
WELLS FARGO BANK, N.A. (the "Master Servicer") entered into an
Assignment and Assumption Agreement, dated as of April 1, 2006 (the
“Assignment and Assumption Agreement" or the
“Agreement”);
WHEREAS, the
Assignor, the Assignee, the Company and the Master Servicer wish to
amend the Agreement on the terms and conditions set forth herein;
and
WHEREAS, the
execution of this Amendment No. 1 has been duly authorized by the
Assignor, the Assignee, the Company and the Master
Servicer;
NOW THEREFORE,
the the Assignor, the Assignee, the Company and the Master Servicer
hereby agree as follows:
Clause (i) of
the subsection (c) of Section 5 is hereby amended by deleting
clause (i) in its entirety and replacing it with the
following:
“(i)
Article I of the Servicing Agreement shall be modified by adding
or, if applicable, deleting such definitions in their entirety and
replacing them as set forth herein:
Prepayment
Period: As to any Remittance Date and a Full Prepayment, the prior
calendar month.
Remittance
Date: The 18 th calendar day of any month or, if such 18
th
