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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
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