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FINANCIAL
GUARANTY
INSURANCE
POLICY
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Trust: As described in
Endorsement No. 1
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Policy No.: 51776-N
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Certificates: $69,792,000 MASTR
Adjustable Rate Mortgages Trust 2006-OA2 Mortgage Pass-Through
Certificates, Series 2006-OA2, Class 1-A-3, $45,218,000 MASTR
Adjustable Rate Mortgages Trust 2006-OA2 Mortgage Pass-Through
Certificates, Series 2006-OA2, Class 2-A-3 and $109,416,000 MASTR
Adjustable Rate Mortgages Trust 2006-OA2 Mortgage Pass-Through
Certificates, Series 2006-OA2, Class 4-A-2
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Date of Issuance:
11/15/06
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FINANCIAL SECURITY
ASSURANCE INC. ("Financial Security"), for consideration received,
hereby UNCONDITIONALLY AND IRREVOCABLY GUARANTEES to each Trustee
for the benefit of each Holder, subject only to the terms of this
Policy (which includes each endorsement hereto), the full and
complete payment of Guaranteed Distributions with respect to the
Certificates of the Trust referred to above.
For the further
protection of each Holder, Financial Security irrevocably and
unconditionally guarantees payment of the amount of any
distribution of principal or interest with respect to the
Certificates made during the Term of this Policy to such Holder
that is subsequently avoided in whole or in part as a preference
payment under applicable law.
Payment of any amount
required
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