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AMENDMENT NUMBER THREE
to the
MORTGAGE LOAN PURCHASE AND SERVICING AGREEMENT,
dated as of November 1, 2001,
between
UBS WARBURG REAL ESTATE SECURITIES INC.,
and
COUNTRYWIDE HOME LOANS, INC.
This AMENDMENT NUMBER THREE (this "Amendment") is made as of
November 1, 2003, between Countrywide Home Loans, Inc., (the
"Seller") and UBS Warburg Real Estate Securities Inc., (the
"Purchaser"), to the Master Loan Purchase and Servicing Agreement,
dated as ofNovember 1, 2001 (as amended, supplemented or otherwise
modified from time to time, the "Agreement") between the
Purchaser and the Seller.
RECITALS
WHEREAS, the Seller and the Purchaser hereto desire to amend the
Agreement subject to the terms and conditions of this
Amendment.
NOW THEREFORE, for good and 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:
SECTION 1. Defined Terms. Any terms capitalized but not
otherwise defined herein shall have the respective meanings set
forth in the Agreement.
SECTION 2. Amendments. Effective as of November 1, 2003,
the Agreement is hereby amended as follows:
(A) Subsection 7.02(xli) of the Agreement is hereby amended by
deleting the section in its entirety and replacing it with the
following:
(xli)
None of the Loans are (a) subject to, covered by or in violation
of the Home Ownership and Equity Protection Act of 1994 ("HOEPA
" ), (b) classified as " high cost,
" " covered, " " high
risk home", "threshold," or " predatory "
loans under any other applicable state, federal or local law,
including any predatory or abusive lending laws (or similarly
classified loans using different terminology under a law imposing
heightened scrutiny or additional legal liability for residential
mortgage loans having high interest rates, points and/or fees) or
(c) in violation of any state law or ordinance comparable to
HOEPA;
(B) Subsection 7.02(xlii) of the Agreement is hereby amended by
deleting that subsection in its entirety and replacing it with the
following:
(xlii)
No Borrower was required to purchase any credit life,
disability, accident or health insurance product as a condition of
obtaining the extension of credit. None of the proceeds of
the Loan were used to purchase or finance single-premium credit
life or di
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