ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

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                                                                 Exhibit 10.3(B)

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                                                                  EXECUTION COPY
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                ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

     ASSIGNMENT,  ASSUMPTION AND RECOGNITION AGREEMENT (the "Agreement"),  dated
November 29, 2006, is among Bank of America,  National  Association,  a national
banking  association  ("Assignor"),  Banc  of  America  Funding  Corporation,  a
Delaware  corporation  ("BAFC"),  U.S.  Bank  National  Association,  a national
banking  association,  as trustee of the Banc of America Funding  2006-8T2 Trust
("Assignee"),  Wells Fargo Bank,  N.A., a national banking  association  ("Wells
Fargo Bank"),  as servicer and  acknowledged by Wells Fargo Bank, N.A. as master
servicer of the Banc of America Funding 2006-8T2 Trust.

     WHEREAS,  pursuant to that certain Flow Servicing  Rights Purchase and Sale
Agreement,  dated as of July 1, 2006 (the "Purchase Agreement"),  by and between
the Assignor and Wells Fargo Bank,  the Assignor has sold,  and Wells Fargo Bank
has  purchased,  the servicing  rights  related to the mortgage  loans listed on
Exhibit A hereto (the "Mortgage Loans");

     WHEREAS,  Wells  Fargo  Bank has agreed to service  the  Mortgage  Loans in
accordance with that certain Servicing Agreement,  dated as of July 1, 2006 (the
"Servicing  Agreement"),  by and  between  the  Assignor  and Wells  Fargo  Bank
(attached hereto in Appendix I);

     WHEREAS, on the date hereof, the Assignor is transferring all of its right,
title and interest in and to the Mortgage Loans to BAFC;

     WHEREAS,  on the date hereof,  BAFC is transferring all of its right, title
and interest in and to the Mortgage Loans to the Assignee; and

     WHEREAS, on the date hereof,  Wells Fargo Bank, as master servicer (in such
capacity,  the  "Master  Servicer")  and as  securities  administrator  (in such
capacity,  the  "Securities  Administrator"),  is  entering  into a Pooling  and
Servicing  Agreement,  dated the date hereof (the  "Pooling  Agreement"),  among
BAFC,  the Master  Servicer,  the  Securities  Administrator  and the  Assignee,
pursuant to which the Master Servicer shall  supervise,  monitor and oversee the
servicing of the Mortgage Loans.

     For  and in  consideration  of the  sum of one  dollar  ($1.00)  and  other
valuable   consideration  the  receipt  and  sufficiency  of  which  are  hereby
acknowledged,  and of the mutual covenants herein contained,  the parties hereto
hereby agree as follows:

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     1. The Assignor  hereby  grants,  transfers  and assigns to BAFC,  and BAFC
hereby grants,  transfers and assigns to Assignee,  all of the right,  title and
interest of the Assignor in, to and under the  Servicing  Agreement  (other than
the rights of the Assignor to indemnification thereunder).

     The  Assignor  specifically  reserves  and does not  assign  to BAFC or the
Assignee any right, title and interest in, to or under any mortgage loan subject
to the Servicing Agreement other than the Mortgage Loans.

     2. The Assignor  warrants and represents to, and covenants  with,  BAFC and
the Assignee that:

        a. The Assignor is the lawful owner of the Mortgage  Loans with the full
right  to  transfer  the  Mortgage  Loans  free  from  any  and all  claims  and
encumbrances whatsoever;

        b. The Assignor has not received notice of, and has no knowledge of, any
offsets,  counterclaims  or other  defenses  available  to Wells Fargo Bank with
respect to the  Purchase  Agreement,  the  Servicing  Agreement  or the Mortgage
Loans;

        c. The Assignor has not waived or agreed to any waiver under,  or agreed
to any amendment or other modification of, the Purchase Agreement, the Servicing
Agreement or the Mortgage Loans,  including  without  limitation the transfer of
the servicing  obligations  under the Servicing  Agreement.  The Assignor has no
knowledge of, and has not received notice of, any waivers under or amendments or
other  modifications  of, or  assignments of rights or  obligations  under,  the
Purchase Agreement, the Servicing Agreement or the Mortgage Loans; and

        d.  Neither the Assignor nor anyone  acting on its  behalf has  offered,
transferred,  pledged,  sold or otherwise  disposed of the Mortgage  Loans,  any
interest in the Mortgage  Loans or any other  similar  security to, or solicited
any  offer to buy or  accept a  transfer,  pledge  or other  disposition  of the
Mortgage Loans, any interest in the Mortgage Loans or any other similar security
from, or otherwise  approached or negotiated with respect to the Mortgage Loans,
any interest in the  Mortgage  Loans or any other  similar  security  with,  any
person in any  manner,  or made any  general  solicitation  by means of  general
advertising  or in any  other  manner,  or taken any other  action  which  would
constitute a distribution of the Mortgage Loans under the Securities Act of 1933
(the "33 Act") or which would render the  disposition  of the  Mortgage  Loans a
violation of Section 5 of the 33 Act or require registration pursuant thereto.

     3. From and after the date hereof, Wells Fargo Bank shall note the transfer
of the Mortgage Loans to the Assignee in its books and records,  and Wells Fargo
Bank  shall  recognize  the  Assignee  as  the  owner  of  the  Mortgage  Loans.
Notwithstanding  anything  to the  contrary  contained  in  Section  9.01 of the
Servicing Agreement,  Wells Fargo Bank shall service the Mortgage Loans pursuant
to the Servicing  Agreement as modified by Section 6 of this Agreement,  for the
benefit of the Assignee.

     4. Wells Fargo Bank  hereby  represents  and  warrants to each of the other
parties hereto (i) that the  representations  and warranties of Wells Fargo Bank
in Section 3.01 of the Servicing  Agreement are true and correct in all material
respects  as of the date  hereof  with the  same  force  and  effect  as  though
expressly  made at and/or as of the date  hereof,  (ii) that it has serviced the

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Mortgage  Loans in  accordance  with the terms of the Servicing  Agreement,  and
(iii) that it has taken no action nor  omitted to take any  required  action the
omission of which would have the effect of impairing  any mortgage  insurance or
guarantee on the Mortgage Loans.

     5. In accordance  with  Sections 2.03 and 9.01 of the Servicing  Agreement,
the  Assignor  hereby  instructs  Wells Fargo Bank,  and Wells Fargo Bank hereby
agrees, to release from its custody and deliver the Mortgage File (as defined in
the Servicing Agreement) for each Mortgage Loan to the Assignee,  or a custodian
on its behalf under the Pooling Agreement, at the address set forth in Section 7
herein on or before the date hereof.

     6. Wells Fargo Bank,  BAFC and the Assignee  hereby agree to the  following
modifications to the Servicing Agreement:

     a.   Article I. Article I is hereby  modified by deleting the definition of
          "Principal Prepayment Period" and replacing it with the following:

          "The  calendar  month   preceding  the  month  in  which  the  related
          Remittance Date occurs."

     b.   Section 4.03. Section 4.03 is hereby modified to read as follows:

          "Continuously from the respective Cut-off Date until the principal and
          interest on all Mortgage  Loans are paid in full or the Mortgage Loans
          have been fully liquidated (with respect to Mortgage Loans that remain
          subject  to this  Agreement  pursuant  to  Section  9.01  herein),  in
          accordance with this Agreement and Accepted Servicing  Practices,  the
          Servicer  shall  proceed  diligently to collect all payments due under
          each of the Mortgage  Loans when the same shall become due and payable
          and shall take  special care in  ascertaining  and  estimating  Escrow
          Payments  and all other  charges that will become due and payable with
          respect to the Mortgage  Loan and the Mortgaged  Property,  to the end
          that the installments  payable by the Mortgagors will be sufficient to
          pay such charges as and when they become due and payable."

     c.   Section 5.01.  Section 5.01 is hereby modified by deleting "the second
          Business  Day  following"  from  the  first  sentence  of  the  second
          paragraph.

     d.   Section 5.02. Section 5.02 is hereby modified to read as follows:

          "Not later  than the tenth  (10th)  calendar  day of each  month,  the
          Servicer  shall  furnish  to the  Owner  (or any  master  servicer)  a
          delinquency  report in the form set forth in  Exhibit  D-1,  a monthly
          remittance advice in the form set forth in Exhibit D-2, and a realized
          loss report in the form set forth in Exhibit  D-3,  each in a mutually
          agreeable  electronic  format, as to the remittance on such Remittance
          Date  and  as to  the  period  ending  on the  last  day of the  month
          preceding such Remittance  Date. The  information  required by Exhibit

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          D-1 is limited to that which is readily  available to the Servicer and
          is  mutually  agreed to by the  Servicer  and the Owner (or any master
          servicer)."

          The  exhibits  referenced  in  this  Section  6 are  attached  to this
          Agreement as Exhibit B hereto.

     e.   Section  6.04.  Section  6.04  is  hereby  modified  by  deleting  the
          references  to "the Owner or any Master  Servicer and  Depositor"  and
          replacing them with "the Master Servicer and the Master Servicer shall
          deliver to the Depositor."

     f.   Section 6.06. Section 6.06 is hereby modified by:

          (1) deleting the references to "the Owner, any Master Servicer and any
          Depositor" and replacing them with "the Master Servicer and the Master
          Servicer shall deliver to the Depositor"; and

          (2)  inserting  the  following at the end of the fifth full  paragraph
          therein:

          "Neither the Owner nor any  Depositor or Master  Servicer will request
          delivery of a certification  under clause (d) above unless a Depositor
          or Master  Servicer  is  required  under the  Exchange  Act to file an
          annual  report on Form 10-K with  respect to an issuing  entity  whose
          asset pool includes the Mortgage Loans."

     g.   Section 9.01. Section 9.01 is hereby modified by:

          (1) modifying Section 9.01(g)(iii) to read as follows:

          "In addition to such  information  as the  Servicer,  as servicer,  is
          obligated to provide  pursuant to other  provisions of this Agreement,
          not later than ten (10) days prior to the  deadline  for the filing of
          any distribution  report on Form 10-D in respect of any Securitization
          Transaction  that includes any of the Mortgage  Loans  serviced by the
          Servicer or any  Subservicer,  the  Servicer or such  Subservicer,  as
          applicable,  shall, to the extent the Servicer or such Subservicer has
          knowledge,  provide to the party  responsible  for filing  such report
          (including,  if  applicable,   the  Master  Servicer)  notice  of  the
          occurrence of any of the following  events along with all information,
          data, and materials  related thereto as may be required to be included
          in the related  distribution  report on Form 10-D (as specified in the
          provisions of Regulation AB referenced below):

               (A) any  material  modifications,  extensions  or waivers of pool
          asset  terms,  fees,  penalties  or payments  during the  distribution
          period or that  have  cumulatively  become  material  over time  (Item
          1121(a)(11) of Regulation AB);

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               (B) material breaches of pool asset representations or warranties
          or transaction covenants (Item 1121(a)(12) of Regulation AB); and

               (C) information  regarding new asset-backed  securities issuances
          backed by the same  pool  assets,  any pool  asset  changes  (such as,
          additions,  substitutions or repurchases), and any material changes in
          origination,   underwriting  or  other  criteria  for  acquisition  or
          selection of pool assets (Item 1121(a)(14) of Regulation AB).

          (iv) The Servicer shall provide to the Master  Servicer and the Master
          Servicer shall deliver to the Depositor, evidence of the authorization
          of the person signing any certification or statement,  copies or other
          evidence of Fidelity Bond Insurance and Errors and Omission  Insurance
          policy,  financial information and reports, and such other information
          related to the  Servicer or any  Subservicer  or the  Servicer or such
          Subservicer's performance hereunder."; and

          (2)  modifying  Section  9.01(k) by deleting the word  "Investor"  and
          replacing it with "party designated by the Owner"

     h.   Section 10.01. Section 10.01 is hereby modified by:

          (1)  replacing  the word "sixty  (60)" with  "thirty  (30)" in Section
          10.01(b) and inserting the following thereafter:

          "(or,  in the case of any  failure  by the  Servicer  to  perform  its
          obligations under Section 6.04 or Section 6.06, ten (10))"; and

          (2)  replacing  the word  "fifteen  (15)"  with "ten  (10)" in Section
          10.01(j).

     7. The  Assignee's  address for purposes of all notices and  correspondence
related to the Mortgage Loans and the Purchase Agreement and Servicing Agreement
is:

              U.S. Bank National Association
              209 S. LaSalle Street, Suite 300
              Chicago, Illinois 60604
              Attention: Structured Finance Trust Services, BAFC 2006-8T2

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     BAFC's  address for purposes of all notices and  correspondence  related to
the Mortgage Loans is:

              Banc of America Funding Corporation
              214 North Tryon Street
              Charlotte, North Carolina 28255
              Attention: General Counsel and Chief Financial Officer

     8. Wells Fargo Bank shall remit all funds  pursuant to the  following  wire
instructions:

              WELLS FARGO BANK, N.A.
              ABA# 121000248
              FOR CREDIT TO: SAS CLEARING, ACCT: 3970771416
              FFC TO: BAFC 2006-8T2 #50964300

     9. Wells Fargo Bank hereby  acknowledges  that Wells Fargo Bank,  N.A.  has
been  appointed  as the Master  Servicer of the Mortgage  Loans  pursuant to the
Pooling  Agreement,  and therefore has the right to enforce all  obligations  of
Wells Fargo Bank,  as they relate to the  Mortgage  Loans,  under the  Servicing
Agreement.  Such right will include,  without limitation,  the right to exercise
any and all rights of the Assignor (but not the obligations) under the Servicing
Agreement to monitor and enforce the obligations of Wells Fargo Bank thereunder,
the right to terminate  Wells Fargo Bank under the Servicing  Agreement upon the
occurrence  of an  event  of  default  thereunder,  the  right  to  receive  all
remittances  required  to be  made by  Wells  Fargo  Bank  under  the  Servicing
Agreement,  the right to receive all monthly  reports and other data required to
be delivered  by Wells Fargo Bank under the  Servicing  Agreement,  the right to
examine the books and records of Wells Fargo Bank,  indemnification  rights, and
the right to exercise certain rights of consent and approval relating to actions
taken by Wells Fargo Bank.

     10.  Notwithstanding  any  p