Exhibit 99.8a
EXECUTION COPY
ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
THIS
ASSIGNMENT AND ASSUMPTION AGREEMENT, dated May 1, 2006 (this
"Assignment"), among Morgan Stanley Mortgage Capital Inc. ("MSMCI"
or the
"Purchaser"), GMAC Mortgage Corporation, a Pennsylvania
corporation
("Servicer"), and LaSalle Bank National Association ("LaSalle"), as
trustee
("Trustee") of Morgan Stanley Mortgage Loan Trust 2006-7 (the
"Trust") and
acknowledged by Wells Fargo Bank, National Association, as master
servicer (in
such capacity, the "Master Servicer") and as securities
administrator (in such
capacity, the "Securities Administrator") and Morgan Stanley
Capital I Inc.
(the "Depositor").
WHEREAS, the Purchaser is the owner of various mortgage loans,
including
the mortgage loans identified on Schedule 1 hereto (the "Specified
Mortgage
Loans");
WHEREAS, the Servicer and the Purchaser are parties to a
Servicing
Agreement, dated as of May 20, 2005 (the "Initial Servicing
Agreement") and a
First Amended and Restated Servicing Agreement, dated as of January
1, 2006
(the "the Servicing Agreement"), pursuant to which the Servicer has
agreed to
service the Specified Mortgage Loans on behalf of the Purchaser as
"Owner" (as
such term is defined in the Servicing Agreement);
WHEREAS, in connection with the servicing of the Mortgage Loans
hereunder, the Seller agrees that, from and after the date hereof,
each
Mortgage Loan serviced hereunder will be subject to the Servicing
Agreement;
NOW,
THEREFORE, in consideration of the mutual promises contained
herein
and other good and valuable consideration (the receipt and
sufficiency of
which are hereby acknowledged), the parties agree as follows:
1.
Assignment and
Assumption
-------------------------
The
Purchaser, as Owner, is the owner of all of the rights, title
and
interest of the rights (the "Servicing Rights"), in, to and under
the
Servicing Agreement as it relates to the servicing of the Specified
Mortgage
Loans. Pursuant to this Assignment, the Purchaser hereby grants,
transfers and
assigns (i) its rights and obligations, as "Owner" under the
Servicing
Agreement with respect to the Specified Mortgage Loans other than
the
Servicing Rights which the Owner explicitly retains and (ii) any
rights
granted to the Purchaser as Owner under the Servicing Agreement to
the
Depositor (the "First Assignment and Assumption"), and the
Depositor hereby
acknowledges the First Assignment and Assumption. Immediately after
giving
effect to the First Assignment and Assumption, the Depositor hereby
grants,
transfers and assigns its rights and obligations in and under the
First
Assignment and Assumption to the Trustee, on behalf of the Trust,
and the
Trustee, on behalf of the Trust, hereby accepts such assignment
from the
Depositor (the "Second Assignment and Assumption").
The
Servicer hereby acknowledges each of the First Assignment and
Assumption and the Second Assignment and Assumption.
For
the purposes of this Assignment and the Servicing Agreement,
Schedule
1 hereto shall constitute a "Mortgage Loan Schedule" as such term
is defined
in the Servicing Agreement,
<PAGE>
and the assignment set forth herein shall constitute a
"Reconstitution" (as
such term is defined in the Servicing Agreement).
2.
Recognition of
Trustee
----------------------
The
parties confirm that this Assignment includes the rights relating
to
amendments or waivers under the Servicing Agreement. Accordingly,
the right of
MSMCI, as Owner, to consent to any amendment of the Servicing
Agreement and
its rights concerning waivers as set forth in Section 16 of the
Servicing
Agreement shall be exercisable, to the extent any such amendment or
waiver
affects the Specified Mortgage Loans or any of the rights under the
Servicing
Agreement with respect thereto (other than the servicing of the
Specified
Mortgage Loans, which shall be enforced by the Master Servicer) by
the Trustee
on behalf of the Trust as the successor to the Purchaser in its
capacity as
Owner under the Servicing Agreement.
It
is expressly understood and agreed by the parties hereto that (i)
this
Assignment is executed and delivered by LaSalle Bank National
Association, not
individually or personally but solely on behalf of the Trust, as
assignee, in
the exercise of the powers and authority conferred and vested in
it, as
Trustee, pursuant to the Pooling and Servicing Agreement dated as
of April 1,
2006 among the Depositor, Wells Fargo Bank, National Association,
as
securities administrator and master servicer, and the Trustee (the
"Pooling
and Servicing Agreement"), (ii) each of the representations,
undertakings and
agreements herein made on the part of the Trust as assignee is made
and
intended not as personal representations, undertakings and
agreements by
LaSalle Bank National Association but is made and intended for the
purpose of
binding only the Trust, (iii) nothing herein contained shall be
construed as
creating any liability for LaSalle Bank National Association,
individually or
personally, to perform any covenant (either express or implied)
contained
herein and (iv) under no circumstances shall LaSalle Bank National
Association
be personally liable for the payment of any indebtedness or
expenses of the
Trust, or be liable for the breach or failure of any
obligation,
representation, warranty or covenant made or undertaken by the
Trust under
this Assignment and (v) all recourse for any payment liability or
other
obligation of the Trust as assignee shall be had solely to the
assets of the
Trust.
3.
Representations
and Warranties
------------------------------
(a)
The Depositor represents and warrants that it is a
sophisticated
investor able to evaluate the risks and merits of the
transactions
contemplated hereby, and that it has not relied in connection
therewith upon
any statements or representations of the Servicer or MSMCI other
than those
contained in the Servicing Agreement or this Assignment.
(b)
Each of the parties hereto represents and warrants that it is
duly
and legally authorized to enter into this Assignment.
(c)
Each of the Depositor, the Purchaser and the Servicer represents
and
warrants that this Assignment has been duly authorized, executed
and delivered
by it and (assuming due authorization, execution and delivery
thereof by each
of the other parties hereto) constitutes its legal, valid and
binding
obligation, enforceable against it in accordance with its terms,
except as
such enforcement may be limited by bankruptcy, insolvency,
reorganization or
other similar laws
2
<PAGE>
affecting the enforcement of creditors' rights generally and by
general
equitable principles (regardless of whether such enforcement is
considered in
a proceeding in equity or at law).
(d)
The Servicer hereby warrants and represents to, and covenants
with,
the Purchaser and the Trustee that each of the representations and
warranties
set forth in Section 6.01 of the Servicing Agreement are true and
correct with
respect to the Servicer as of the date hereof.
4.
The Servicer hereby acknowledges that Wells Fargo Bank,
National
Association has been appointed as the Master Servicer of the
Specified
Mortgage Loans pursuant to the Pooling and Servicing Agreement and,
therefore,
has the right to enforce all obligations of the Servicer under the
Servicing
Agreement. Such rights will include, without limitation, the right
to
terminate the Servicer under the Servicing Agreement as provided
thereunder,
the right to receive all remittances required to be made by the
Servicer under
the Servicing Agreement, the right to receive all monthly reports
and other
data required to be delivered by the Servicer under the Servicing
Agreement,
the right to examine the books and records of the Servicer and the
right to
exercise certain rights of consent and approval granted to the
Purchaser under
the Servicing Agreement.
In
accordance with the Second Assignment and Assumption, the Trustee,
as
Owner, hereby directs the Servicer to make all distributions under
the
Servicing Agreement to the Master Servicer by wire transfer of
immediately
available funds to:
Wells Fargo Bank, National Association
ABA Number:
121-000-248
Account Name:
Corporate Trust Clearing
Account number:
3970771416
For further credit to:
50922400, MSM 2006-7
In
accordance with the Second Assignment and Assumption, the Trustee,
as
Owner, hereby directs the Servicer to deliver all reports required
to be
delivered under the Servicing Agreement to the Master Servicer at
the
following address:
Wells Fargo Bank, National Association
9062 Old Annapolis Road
Columbia, Maryland 21045
Attention: Client Manager, MSM 2006-7
Office Number: (410)
884-2000
Telecopier: (410) 715-2380
5.
Amendments to
Servicing Agreement.
----------------------------------
(a)
The following definitions in Section 1 are revised as follows
with
respect to the Specified Mortgage Loans:
a.
"Eligible Account" shall have the meaning set forth in the
Pooling and Servicing Agreement.
3
<PAGE>
b. "Eligible Investments" shall have the meaning set forth in
the
Pooling and Servicing Agreement.
c. "Indemnified Party": each Party described in the first
sentence
of Section 31.07(a) of the Servicing Agreement.
d. "Remittance Date" shall mean no later than 1:00 p.m., New
York
time, on the 18th day of each month, or if such 18th day is not a
Business
Day, the first Business Day immediately following such 18th
day.
(b)
Solely with respect to the Specified Mortgage Loans, the words
";
provided, however," to and including the end of the penultimate
sentence of
paragraph (a) of Section 3.01 are hereby deleted.
(c)
The following paragraph is hereby incorporated into the
Servicing
Agreement as new Section 3.19:
"3.19 Fair Credit Reporting Act
The Servicer, in its capacity as servicer for each Mortgage
Loan,
agrees to fully furnish, in accordance with the Fair Credit
Reporting Act
and
its implementing regulations, accurate and complete information
(e.g., favorable and unfavorable) on its borrower credit files
to
Equifax, Experian and Trans Union Credit Information Servicer
(three of
the
credit repositories), on a monthly basis."
(d)
Solely with respect to the Specified Mortgage Loans, the
following
deletions are hereby made to the fourth paragraph of Section
4.01:
a. the words "following the Business Day" are hereby deleted
from
the first sentence and
b. the word "second" is hereby deleted from the second
sentence.
(e)
Solely with respect to the Specified Mortgage Loans, the first
sentence of Section 5.04 is amended by adding the words "(with a
copy to the
Master Servicer)" after the word "Owner".
(f)
Solely with respect to the Specified Mortgage Loans, Section
8.01(b)
is hereby amended and restated as follows:
"(b)
failure on the part of the Servicer duly to observe or perform
in
any material respect any other of the covenants or agreements on
the part of
the Servicer set forth in this Agreement (including but not limited
to breach
by Servicer of any one or more of the representations, warranties
and
covenants of the Servicer as set forth in Section 6.01 above) which
continues
uncured for a period of thirty (30) days (except that (x) such
number of days
shall be fifteen (15) days in the case of a failure to pay any
premium for any
insurance policy required to be maintained under this Agreement and
(y) such
number of days shall be fourteen
4
<PAGE>
(14) calendar days with respect to the reports required under
Sections 31.04
and 31.05 and the last paragraph of Section 25) after the earlier
of the date
on which (i) written notice of such failure, requiring the same to
be
remedied, shall have been given to the Servicer by the Owner, or
(ii) Servicer
first becomes aware of such failure."
(g)
Solely with respect to the Specified Mortgage Loans, the rights
of
the Servicer pursuant to clause (iv) of Section 9.01(a) are hereby
deleted.
(h)
Solely with respect to the Specified Mortgage Loans, the rights
of
the Servicer pursuant to Section 9.02 are hereby deleted.
(i)
Section 20(a) of the Servicing Agreement is hereby amended to add
the
Master Servicer as an "Indemnified Party" in accordance with such
Section.
(j)
Solely with respect to the Specified Mortgage Loans, the following
is
added to the end of Section 22(a):
"or
as necessary to provide the reports required by Section 4.05 of
the
Pooling and Servicing Agreement."
(k)
Section 31.03(d) of the Servicing Agreement is hereby amended
and
restated in its entirety as follows:
"For
the purpose of satisfying its reporting obligation under the
Exchange Act with respect to any class of asset-backed securities,
the
Company shall (or shall cause each Subservicer to) (i) promptly
notify
the
Purchaser, any Master Servicer and any Depositor in writing of
(A)
any
litigation or governmental proceedings pending against the
Company,
any
Subservicer that would be material to securityholders, (B) any
affiliations or relationships that develop following the closing
date of
a
Securitization Transaction between the Company, any Subservicer and
any
of
the parties specified in clause (D) of paragraph (a) of this
Section
(and
any other parties identified in writing by the requesting
party)
with
respect to such Securitization Transaction, but only to the
extent
that
such affiliations or relationships do not include the
Purchaser,
Depositor or any of their respective affiliates as a party, (C) any
Event
of
Default under the terms of this Agreement or any Reconstitution
Agreement, (D) any merger, consolidation or sale of substantially
all of
the
assets of the Company and (E) the Company's entry into an
agreement
with
a Subcontractor to perform or assist the Company with the
performance of any of the Company's obligations under this
Agreement or
any
Reconstitution Agreement, and (ii) provide to the Purchaser and
any
Depositor a description of such proceedings, affiliations or
relationships."
(l)
Section 31.03 (f) of the Servicing Agreement is hereby amended
and
restated in its entirety as follows:
"In
addition to such information as the Company, 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
5
<PAGE>
Company or any Subservicer, the Company or such Subservicer, as
applicable, shall, to the extent the Company 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):
(i) 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);
(ii) material breaches of pool asset representations or
warranties
or transaction covenants (Item 1121(a)(12) of Regulation AB);
and
(iii) 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).
(m)
The following is
inserted as 31.03 (g) of the Servicing Agreement:
"The
Company shall provide to the Purchaser, any Master Servicer and
any
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
Company or any Subservicer or the Company or such Subservicer's
performance hereunder."
(n)
Section 31.04 is
hereby amended and restated in its entirety as
follows:
"On
or before March 1 of each calendar year, commencing in 2007,
the
Servicer shall deliver to the Owner and any Depositor a statement
of
compliance addressed to the Owner and such Depositor and signed by
an
authorized officer of the Servicer, to the effect that (i) a review
of
the
Servicer's activities during the immediately preceding calendar
year
(or applicable portion thereof) and of its performance under
this
Agreement and any applicable Reconstitution Agreement during
such
period has been made under such officer's supervision, and (ii) to
the
best
of such officers' knowledge, based on such review, the Servicer
has
fulfilled all of its obligations under this Agreement and any
applicable Reconstitution Agreement in all material respects
throughout
such
calendar year (or applicable portion thereof) or, if there has
been
a failure to fulfill any such obligation in any material
respect,
specifically identifying each such failure known to such officer
and
the
nature and the status thereof.
"In
the event that the Servicer fails to timely comply with this
Section 31.04, the Depositor shall use its commercially
reasonable
efforts to obtain written statements or assurances from the
Commission,
that
such failure to provide the required statement of compliance on
a
timely basis, and a one time additional failure by the Servicer
to
comply with this Section 31.04, will not result in any adverse
effect
on
the Depositor or its affiliates with respect to any Shelf
Registration on Form S-3 of the Depositor or any of its
6
<PAGE>
affiliates. Any costs or expenses incurred by the Depositor or
the
Master Servicer in obtaining such statement or assurances from
the
Commission shall be reimbursed to the Depositor by the Servicer. In
the
event that the Depositor is unable to receive any such assurances
from
the
Commission after the use of such commercially reasonable efforts
of
the
related year, such failure by the Servicer to comply with this
Section 31.04 shall be deemed an Event of Default, automatically
at
such
time, without notice and without any cure period, and Depositor
may,
in addition to whatever rights the Depositor may have under
Section 20 of the Servicing Agreement and at law or equity or
to
damages, including injunctive relief and specific performance,
terminate all the rights and obligations of the Servicer under
this
Agreement and in and to the Mortgage Loans and the proceeds
thereof
without compensating the Servicer for the same, as provided in
Section
9 of
the Servicing Agreement. Such termination shall be considered
with
cause pursuant to Section 9.01 of the Servicing Agreement. This
paragraph shall supersede any other provision in this Agreement or
any
other agreement to the contrary."
(o)
Section 31.05(a)(iv) of the Servicing Agreement is hereby amended
and
restated in its entirety as follows:
"deliver, and cause each Subservicer and Subcontractor described
in
clause (iii) above to deliver, to the Purchaser, the Master
Servicer,
any
Depositor and any other Person that will be responsible for
signing
the
certification (a "Sarbanes Certification") required by Rules
13a-14(d) and 15d-14(d) under the Exchange Act (pursuant to Section
302
of
the Sarbanes-Oxley Act of 2002) on behalf of an asset-backed
issuer
with
respect to a Securitization Transaction a certification, signed
by
an
appropriate officer of the Servicer, in the form attached hereto
as
Exhibit I. In addition to providing the Sarbanes Certification,
the
Servicer shall also cooperate with the Depositor and provide
such
additional information as the Depositor may reasonably request
with
respect thereto."
(p)
The third sentence of Section 31.06(a) is amended to require
the
Company to cause any Subservicer or Subcontractor to comply with
all of
the
following Sections of the Servicing Agreement: Section 31.02,
Section
31.03(c), (e), (f) and (g), Section 31.04, Section 31.05,
Section
31.06(a) and Section 31.07.
(q)
The last sentence of the second paragraph of Section 31.06(b)
is
amended to require the Company to cause any Subservicer or
Subcontractor
to
provide any assessment of compliance and attestation but also
any
other certifications required to delivered under Section 31.05.
(r)
Section 31.07(a)(ii) of the Servicing Agreement is hereby amended
and
restated in its entirety as follows:
"(ii) any breach by the Company under this Section 31,
including
particularly any
failure by the Company, any Subservicer, any
Subcontractor to deliver any information, report,
certification,
accountants' letter or other material when and as required, under
this
Article II, including any failure by the Company to identify
pursuant
to
Section 31.06(b) any Subcontractor "participating in the
servicing
function" within the meaning of Item 1122 of Regulation AB;"
7
<PAGE>
(s)
The word "or" is struck at the end of Section 31.07(a)(ii) of
the
Servicing Agreement, the word "or" is added at the end of
Section
31.07(a)(iii) of the Servicing Agreement, and the following is
inserted
to
Section 31.07(a) of the Servicing Agreement:
"(iv)
negligence, bad faith or willful misconduct of the Company in
connection with its performance under this Article II.
If
the indemnification provided for herein is unavailable or
insufficient to hold harmless an Indemnified Party, then the
Company
agrees that it shall contribute to the amount paid or payable by
such
Indemnified Party as a result of any claims, losses, damages or
liabilities incurred by such Indemnified Party in such proportion
as is
appropriate to
reflect the relative fault of such Indemnified Party on
the
one hand and the Company on the other.
This
indemnification shall survive the termination of this Agreement
or
the
termination of any party to this Agreement."
(t)
The following parenthetical is inserted directly before the
proviso
in
the last sentence of the first paragraph of Section 31.07(b)(i) of
the
Servicing Agreement:
"(and if the Company is servicing any of the Mortgage Loans in
a
Securitization Transaction,
appoint a successor servicer reasonably
acceptable to the Master Servicer for such Securitization
Transaction)"
(u)
The following paragraph is hereby incorporated into the
Servicing
Agreement as new Section 32:
"Third Party Beneficiary. For purposes of this Agreement, any
master
servicer appointed in connection with a Reconstitution by the Owner
shall
be
considered a third party beneficiary to this Agreement (including
but
not
limited to Sections 31.01, 31.03 and 31.04 hereof) with respect
to
the
Specified Mortgage Loans entitled to all the rights and
benefits
accruing to any master servicer herein with respect to the
Specified
Mortgage Loans as if it were a direct party to this Agreement."
(v)
Schedule I to the Servicing Agreement is hereby replaced in its
entirety with the Amended and Restated Schedule I attached to
this
Assignment as Exhibit II.
(w)
Exhibit J to the Servicing Agreement is hereby replaced in its
entirety with Exhibit IV attached hereto.
(x)
All assessments, reports and certifications required to be
delivered
by the Servicer this Assignment shall include the Master Servicer
as an
addressee, and the Master Servicer shall be entitled to rely upon
all such
assessments, reports and certifications.
(y)
Written notice provided in compliance with Sections 31.03(d), (e)
or
(f) of the Servicing Agreement shall be substantially in the form
of Exhibit
III to this Agreement.
8
<PAGE>
6.
Notices
-------
The Depositor's address for purposes for all notices and
correspondence
related to the Mortgage Loans, this Assignment and the Servicing
Agreement is :
Morgan Stanley Capital I Inc.
1585 Broadway
New York, New York 10036
Attention: Morgan
Stanley Mortgage Loan Trust 2006-7
The Trustee's address for purposes for all notices and
correspondence related
to the Mortgage Loans, this Assignment and the Servicing Agreement
is :
LaSalle Bank National Association
135 South LaSalle Street, Suite 1625
Chicago, Illinois 60603
Attention: Global Securities and Trust Services MSM 2006-7
The Purchaser's address for purposes for all notices and
correspondence
related to the Mortgage Loans, this Assignment and the Servicing
Agreement is :
Morgan Stanley Mortgage Capital Inc.
1221 Avenue of the Americas
New York, New York 10020
Attention: Morgan Stanley Mortgage Loan Trust 2006-7
With
a copy to:
Morgan Stanley & Co. Incorporated
1585 Broadway
New York, New York 10036
Attention: General Counsel's Office
The Servicer's address for purposes for all notices and
correspondence related
to the Mortgage Loans and this Assignment is :
GMAC Mortgage Corporation
100 Witmer Road
Horsham, Pennsylvania 92127
Attention: Executive
Vice President of National Loan Administration
9
<PAGE>
7.
Certain Matters
Regarding the Trustee
-------------------------------------
Each party hereto hereby agrees as follows:
Notwithstanding any term hereof to the contrary, the execution
and
delivery of this Assignment by Trustee is solely in its capacity as
trustee
for Morgan Stanley Mortgage Loan Trust 2006-7 and not individually,
and any
recourse against Trustee in respect of any obligations it may have
under or
pursuant to the terms of this Assignment (if any) shall be limited
solely to
the assets it may hold as trustee of Morgan Stanley Mortgage Loan
Trust
2006-7.
8.
Continuing
Effect
-----------------
Except as contemplated by this Assignment, the Servicing Agreement
shall
remain in full force and effect in accordance with its terms.
9.
Governing
Law
-------------
This
Assignment and the rights and obligations hereunder shall be
governed by and construed in accordance with the internal laws of
the State of
New York.
10.
Counterparts
------------
This
Assignment may be executed in counterparts, each of which when
so
executed shall be deemed to be an original and all of which when
taken
together shall constitute one and the same instrument.
11.
Definitions
-----------
Any
capitalized term used but not defined in this Assignment has the
same
meaning as in the Servicing Agreement.
[SIGNATURE PAGE FOLLOWS]
10
<PAGE>
IN
WITNESS WHEREOF, the parties have caused this Assignment,
Assumption
and Recognition Agreement to be executed by their duly authorized
officers as
of the date first above written.
Purchaser
Trust
Morgan Stanley Mortgage Loan Trust
2006-7
Morgan Stanley Mortgage Capital Inc. BY:
LaSalle Bank National
Association, as Trustee
/s/ Valerie Kay
/s/ Christopher Lewis
----------------------------
----------------------------
By: Valerie Kay
By: Christopher Lewis
----------------------------
----------------------------
Its:
VP
Its: Asst. Vice
President
----------------------------
----------------------------
Taxpayer Identification
Number:
Servicer
GMAC Mortgage Corporation
/s/ Kenneth R.
Perrine
----------------------------
By: Kenneth R. Perrine
----------------------------
Its:
Sr. V.P.
----------------------------
Taxpayer Identification
Number: 23-1694840
Acknowledged and Agreed:
Morgan Stanley Capital I Inc.
Wells Fargo Bank, National
Association, as Master Servicer
/s/ Valerie Kay
/s/ Patricia M. Russo
----------------------------
----------------------------
By: Valerie Kay
By: Patricia M. Russo
----------------------------
----------------------------
Its:
VP
Its: V.P.
----------------------------
----------------------------
Taxpayer Identification
Number:
-----------------
11
<PAGE>
Schedule I
Specified Mortgage Loan Schedule
[see Schedule A to the Pooling and Servicing Agreement
on
file with the Servicer, the Master Servicer and the Depositor]
12
<PAGE>
EXECUTION COPY
Exhibit IIA: Standard File Layout - Delinquency Reporting
<TABLE>
<CAPTION>
Column/Header Name
Description
Decimal Format
Comment
-----------------------------------------------------------------------------------------------------------------------------
<S>
<C>
<C>
<C>
SERVICER_LOAN_NBR
A unique number assigned to a loan by the
Servicer. This may be
different than the
LOAN_NBR
-----------------------------------------------------------------------------------------------------------------------------
LOAN_NBR
A unique identifier assigned to each loan by the
originator.
-----------------------------------------------------------------------------------------------------------------------------
CLIENT_NBR
Servicer Client Number
-----------------------------------------------------------------------------------------------------------------------------
SERV_INVESTOR_NBR
Contains a unique number as
assigned by an external servicer to
identify a group of loans in their
system.
-----------------------------------------------------------------------------------------------------------------------------
BORROWER_FIRST_NAME
First Name of the Borrower.
-----------------------------------------------------------------------------------------------------------------------------
BORROWER_LAST_NAME
Last name of the borrower.
-----------------------------------------------------------------------------------------------------------------------------
PROP_ADDRESS
Street Name and Number of Property
-----------------------------------------------------------------------------------------------------------------------------
PROP_STATE
The state where the
property located.
-----------------------------------------------------------------------------------------------------------------------------
PROP_ZIP
Zip
code where the property is located.
-----------------------------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE
The date that the borrower's next
MM/DD/YYYY
payment is due to the servicer
at the end of processing
cycle, as reported by Servicer.
-----------------------------------------------------------------------------------------------------------------------------
LOAN_TYPE
Loan Type (i.e. FHA, VA, Conv)
-----------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_FILED_DATE
The date a particular bankruptcy claim was filed.
MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_CHAPTER_CODE
The chapter under which the bankruptcy was filed.
-----------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_CASE_NBR
The case number assigned by the court to the
bankruptcy filing.
-----------------------------------------------------------------------------------------------------------------------------
POST_PETITION_DUE_DATE
The payment due date once the bankruptcy has
MM/DD/YYYY
been approved by the courts
-----------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_DCHRG_DISM_DATE
The Date The Loan Is Removed From Bankruptcy.
MM/DD/YYYY
Either by Dismissal, Discharged and/or a Motion
For Relief Was Granted.
-----------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_APPR_DATE
The Date The Loss Mitigation Was Approved By The
MM/DD/YYYY
Servicer
-----------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_TYPE
The Type Of Loss Mitigation Approved For A Loan
Such As;
-----------------------------------------------------------------------------------------------------------------------------
<PAGE>
-----------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_EST_COMP_DATE
The Date The Loss Mitigation /Plan Is Scheduled
MM/DD/YYYY
To End/Close
-----------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_ACT_COMP_DATE
The Date The Loss Mitigation Is Actually
MM/DD/YYYY
Completed
-----------------------------------------------------------------------------------------------------------------------------
FRCLSR_APPROVED_DATE
The date DA Admin sends a letter to
MM/DD/YYYY
the servicer with instructions to begin
foreclosure proceedings.
-----------------------------------------------------------------------------------------------------------------------------
ATTORNEY_REFERRAL_DATE
Date File Was Referred To Attorney to Pursue
MM/DD/YYYY
Foreclosure
-----------------------------------------------------------------------------------------------------------------------------
FIRST_LEGAL_DATE
Notice of 1st legal filed by an Atto
