Exhibit 99.1
MORTGAGE LOAN PURCHASE
AGREEMENT
This Mortgage Loan Purchase Agreement (the
“ Agreement ”), dated as of March 1, 2007, is
between Mortgage Asset Securitization Transactions, Inc., a
Delaware corporation (the “ Company ”), and UBS
Real Estate Securities Inc., a Delaware corporation (the “
Seller ” or “ UBSRES ”).
The Company and the Seller hereby recite and
agree as follows:
1.
Defined Terms . Terms used without definition
herein shall have the respective meanings assigned to them in the
Pooling and Servicing Agreement, dated as of March 1, 2007 (the
“ Pooling and Servicing Agreement ”), among the
Company, Wells Fargo Bank, National Association, as master servicer
(“ Master Servicer ”), as trust administrator,
and as custodian, U.S. Bank National Association, as Trustee (the
“ Trustee ”), and UBSRES, as Transferor,
relating to the issuance of the Company’s STARM Mortgage Loan
Trust 2007-2, Mortgage Pass Through Certificates, Series 2007-2
(the “ Certificates ”) or, if not defined
therein, in the Underwriting Agreement, dated March 29, 2007 (the
“ Underwriting Agreement ”), between the
Company, UBS Securities LLC and SunTrust Capital, Inc.
2.
Purchase of Mortgage Loans . The Seller hereby
sells, transfers, assigns and conveys, without recourse, and the
Company hereby purchases, the mortgage loans (the “
Mortgage Loans ”), listed in Exhibit I.
3.
Purchase Price; Purchase and Sale . The purchase
price for the Mortgage Loans shall be payable by the Company to the
Seller on the Closing Date either (i) by appropriate notation
of an inter company transfer between affiliates of UBS or
(ii) in immediately available Federal funds wired to such bank
as may be designated by the Seller.
Upon payment of the purchase price by the
Company, the Seller shall be deemed to have transferred, assigned,
set over and otherwise conveyed to the Company all the right, title
and interest of the Seller in and to the Mortgage Loans as of the
Cut-Off Date, including all interest and principal due on the
Mortgage Loans after the Cut-Off Date (including scheduled payments
of principal and interest due after the Cut-Off Date but received
by the Seller on or before the Cut-Off Date, but not including
payments of principal and interest due on the Mortgage Loans on or
before the Cut-Off Date), together with all of the Seller’s
right, title and interest in and to the proceeds of any related
title, hazard, primary mortgage or other insurance policies
together with all rights with respect to the related Mortgage
Loans, and only with respect to the Mortgage Loans, under the
Servici
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