POOLING AND SERVICING AGREEMENT

Pooling and Servicing Agreement

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BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE12 | EMC MORTGAGE CORPORATION, | LASALLE BANK NATIONAL ASSOCIATION,

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Title: POOLING AND SERVICING AGREEMENT
Governing Law: New York Date: 1/13/2006

POOLING AND SERVICING AGREEMENT, Parties: bear stearns asset backed securities i trust 2005-he12 , emc mortgage corporation , lasalle bank national association

BEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,

EMC MORTGAGE CORPORATION,

Sponsor and Master Servicer,

and

LASALLE BANK NATIONAL ASSOCIATION,

Trustee

POOLING AND SERVICING AGREEMENT

Dated as of December 1, 2005

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE12

ASSET-BACKED CERTIFICATES, SERIES 2005-HE12

TABLE OF CONTENTS

ARTICLE I

DEFINITIONS

Section 1.01	Defined Terms.
Section 1.02	Allocation of Certain Interest Shortfalls.

ARTICLE II

CONVEYANCE OF TRUST FUND

Section 2.01	Conveyance of Trust Fund.
Section 2.02	Acceptance of the Mortgage Loans.
Section 2.03	Representations, Warranties and Covenants of the Master Servicer and The Sponsor.
Section 2.04	Representations and Warranties of the Depositor.
Section 2.05	Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases.
Section 2.06	Countersignature and Delivery of Certificates.

ARTICLE III

ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS

Section 3.01	The Master Servicer to act as Master Servicer.
Section 3.02	Due-on-Sale Clauses; Assumption Agreements.
Section 3.03	Subservicers.
Section 3.04	Documents, Records and Funds in Possession of the Master Servicer To Be Held for Trustee.
Section 3.05	Maintenance of Hazard Insurance.
Section 3.06	Presentment of Claims and Collection of Proceeds.
Section 3.07	Maintenance of the Primary Mortgage Insurance Policies.
Section 3.08	Fidelity Bond, Errors and Omissions Insurance.
Section 3.09	Realization Upon Defaulted Mortgage Loans; Determination of Excess Liquidation Proceeds and Realized Losses; Repurchases of Certain Mortgage Loans.
Section 3.10	Servicing Compensation.
Section 3.11	REO Property.
Section 3.12	Liquidation Reports.
Section 3.13	Annual Certificate as to Compliance.
Section 3.14	Annual Independent Certified Public Accountants’ Servicing Report.
Section 3.15	Books and Records.
Section 3.16	Reports Filed with Securities and Exchange Commission.
Section 3.17	UCC.
Section 3.18	Optional Purchase of Certain Mortgage Loans.

Section 3.19	Obligations of the Master Servicer in Respect of Mortgage Rates and Scheduled Payments.
Section 3.20	Reserve Fund; Payments to and from Derivative Administrator; Supplemental Interest Trust.
Section 3.21	Tax Treatment of Class IO Distribution Amounts in the Event of Resecuritization of Class A Certificates or Class M Certificates.
Section 3.22	Advancing Facility.
Section 3.23	Special Servicer.

ARTICLE IV

ACCOUNTS

Section 4.01	Collection of Mortgage Loan Payments; Protected Account.
Section 4.02	Permitted Withdrawals From the Protected Account.
Section 4.03	Collection of Taxes; Assessments and Similar Items; Escrow Accounts.
Section 4.04	Distribution Account.
Section 4.05	Permitted Withdrawals and Transfers from the Distribution Account.
Section 4.06	Class P Certificate Account.

ARTICLE V

DISTRIBUTIONS AND ADVANCES

Section 5.01	Advances.
Section 5.02	Compensating Interest Payments.
Section 5.03	REMIC Distributions.
Section 5.04	Distributions.
Section 5.05	Allocation of Realized Losses.
Section 5.06	Monthly Statements to Certificateholders.
Section 5.07	REMIC Designations and REMIC Distributions.

ARTICLE VI

THE CERTIFICATES

Section 6.01	The Certificates.
Section 6.02	Certificate Register; Registration of Transfer and Exchange of Certificates.
Section 6.03	Mutilated, Destroyed, Lost or Stolen Certificates.
Section 6.04	Persons Deemed Owners.
Section 6.05	Access to List of Certificateholders’ Names and Addresses.
Section 6.06	Book-Entry Certificates.
Section 6.07	Notices to Depository.
Section 6.08	Definitive Certificates.
Section 6.09	Maintenance of Office or Agency.

ARTICLE VII

THE DEPOSITOR AND THE MASTER SERVICER

Section 7.01	Liabilities of the Depositor and the Master Servicer.
Section 7.02	Merger or Consolidation of the Depositor or the Master Servicer.
Section 7.03	Indemnification of the Trustee and the Master Servicer.
Section 7.04	Limitations on Liability of the Depositor, the Master Servicer and Others
Section 7.05	Master Servicer Not to Resign
Section 7.06	Successor Master Servicer
Section 7.07	Sale and Assignment of Master Servicing

ARTICLE VIII

DEFAULT; TERMINATION OF MASTER SERVICER

Section 8.01	Events of Default.
Section 8.02	Trustee to Act; Appointment of Successor.
Section 8.03	Notification to Certificateholders.
Section 8.04	Waiver of Defaults.

ARTICLE IX

CONCERNING THE TRUSTEE

Section 9.01	Duties of Trustee.
Section 9.02	Certain Matters Affecting the Trustee.
Section 9.03	Trustee Not Liable for Certificates or Mortgage Loans.
Section 9.04	Trustee May Own Certificates.
Section 9.05	Trustee’s Fees and Expenses.
Section 9.06	Eligibility Requirements for Trustee.
Section 9.07	Insurance.
Section 9.08	Resignation and Removal of Trustee.
Section 9.09	Successor Trustee.
Section 9.10	Merger or Consolidation of Trustee.
Section 9.11	Appointment of Co-Trustee or Separate Trustee.
Section 9.12	Tax Matters.

ARTICLE X

TERMINATION

Section 10.01	Termination upon Liquidation or Repurchase of all Mortgage Loans.
Section 10.02	Final Distribution on the Certificates.
Section 10.03	Additional Termination Requirements.

ARTICLE XI

MISCELLANEOUS PROVISIONS

Section 11.01	Amendment.
Section 11.02	Recordation of Agreement; Counterparts.
Section 11.03	Governing Law.
Section 11.04	Intention of Parties.
Section 11.05	Notices.
Section 11.06	Severability of Provisions.
Section 11.07	Assignment.
Section 11.08	Limitation on Rights of Certificateholders.
Section 11.09	Inspection and Audit Rights.
Section 11.10	Certificates Nonassessable and Fully Paid.
Section 11.11	Third Party Rights.

Exhibits

Exhibit A-1	Form of Class A Certificates
Exhibit A-2	Form of Class M Certificates
Exhibit A-3	Form of Class P Certificates
Exhibit A-4	Form of Class CE Certificates
Exhibit A-5	Form of Class R Certificates
Exhibit B	Mortgage Loan Schedule
Exhibit C	Form of Transfer Affidavit
Exhibit D	Form of Transferor Certificate
Exhibit E	Form of Investment Letter (Non-Rule 144A)
Exhibit F	Form of Rule 144A and Related Matters Certificate
Exhibit G	Form of Request for Release
Exhibit H	DTC Letter of Representations
Exhibit I	Schedule of Mortgage Loans with Lost Notes
Exhibit J	Form of Custodial Agreement
Exhibit K	Form of Back-Up Certification
Exhibit L	Form of Mortgage Loan Purchase Agreement
Exhibit M	Swap Agreement
Exhibit N	Special Servicer Delinquency Triggers
Exhibit O	Yield Maintenance Agreement

POOLING AND SERVICING AGREEMENT, dated as of December 1, 2005, among BEAR STEARNS ASSET BACKED SECURITIES I LLC, a Delaware limited liability company, as depositor (the “Depositor”), EMC MORTGAGE CORPORATION, a Delaware corporation, as sponsor (in such capacity, a “Seller”) and as master servicer (in such capacity, the “Master Servicer”) and LASALLE BANK NATIONAL ASSOCIATION, a national banking association (the “Trustee”).

PRELIMINARY STATEMENT

The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates.

REMIC I

As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement (other than the Reserve Fund, any Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Supplemental Interest Trust, the Swap Agreement, the Yield Maintenance Agreement, the Derivative Account and any rights or obligations in respect of the Derivative Administration Agreement) as a REMIC (as defined herein) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I”. The Class R-1 Certificates will be the sole class of Residual Interests (as defined herein) in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.

Designation	Uncertificated REMIC I Pass-Through Rate	Initial Uncertificated Principal Balance		Latest Possible Maturity Date ⁽¹⁾
I-Non-Swap	Variable ⁽²⁾	$	82,265,732.25	December 25, 2035
I-8-A	Variable ⁽²⁾	$	7,959,161.15	December 25, 2035
I-8-B	Variable ⁽²⁾	$	7,959,161.15	December 25, 2035
I-9-A	Variable ⁽²⁾	$	7,632,910.01	December 25, 2035
I-9-B	Variable ⁽²⁾	$	7,632,910.01	December 25, 2035
I-10-A	Variable ⁽²⁾	$	7,285,786.33	December 25, 2035
I-10-B	Variable ⁽²⁾	$	7,285,786.33	December 25, 2035
I-11-A	Variable ⁽²⁾	$	6,953,206.09	December 25, 2035
I-11-B	Variable ⁽²⁾	$	6,953,206.09	December 25, 2035
I-12-A	Variable ⁽²⁾	$	6,635,969.64	December 25, 2035
I-12-B	Variable ⁽²⁾	$	6,635,969.64	December 25, 2035
I-13-A	Variable ⁽²⁾	$	6,333,343.84	December 25, 2035
I-13-B	Variable ⁽²⁾	$	6,333,343.84	December 25, 2035
I-14-A	Variable ⁽²⁾	$	6,044,641.72	December 25, 2035
I-14-B	Variable ⁽²⁾	$	6,044,641.72	December 25, 2035
I-15-A	Variable ⁽²⁾	$	5,769,223.73	December 25, 2035
I-15-B	Variable ⁽²⁾	$	5,769,223.73	December 25, 2035
I-16-A	Variable ⁽²⁾	$	5,506,492.76	December 25, 2035
I-16-B	Variable ⁽²⁾	$	5,506,492.76	December 25, 2035
I-17-A	Variable ⁽²⁾	$	5,255,832.42	December 25, 2035
I-17-B	Variable ⁽²⁾	$	5,255,832.42	December 25, 2035
I-18-A	Variable ⁽²⁾	$	5,016,712.34	December 25, 2035
I-18-B	Variable ⁽²⁾	$	5,016,712.34	December 25, 2035
I-19-A	Variable ⁽²⁾	$	4,788,909.70	December 25, 2035
I-19-B	Variable ⁽²⁾	$	4,788,909.70	December 25, 2035
I-20-A	Variable ⁽²⁾	$	4,570,100.70	December 25, 2035
I-20-B	Variable ⁽²⁾	$	4,570,100.70	December 25, 2035
I-21-A	Variable ⁽²⁾	$	4,352,085.69	December 25, 2035
I-21-B	Variable ⁽²⁾	$	4,352,085.69	December 25, 2035
I-22-A	Variable ⁽²⁾	$	4,154,917.26	December 25, 2035
I-22-B	Variable ⁽²⁾	$	4,154,917.26	December 25, 2035
I-23-A	Variable ⁽²⁾	$	3,966,861.44	December 25, 2035
I-23-B	Variable ⁽²⁾	$	3,966,861.44	December 25, 2035
I-24-A	Variable ⁽²⁾	$	60,852,121.41	December 25, 2035
I-24-B	Variable ⁽²⁾	$	60,852,121.41	December 25, 2035
I-25-A	Variable ⁽²⁾	$	926,601.73	December 25, 2035
I-25-B	Variable ⁽²⁾	$	926,601.73	December 25, 2035
I-26-A	Variable ⁽²⁾	$	889,799.98	December 25, 2035
I-26-B	Variable ⁽²⁾	$	889,799.98	December 25, 2035
I-27-A	Variable ⁽²⁾	$	854,514.01	December 25, 2035
I-27-B	Variable ⁽²⁾	$	854,514.01	December 25, 2035
I-28-A	Variable ⁽²⁾	$	820,679.30	December 25, 2035
I-28-B	Variable ⁽²⁾	$	820,679.30	December 25, 2035
I-29-A	Variable ⁽²⁾	$	788,234.19	December 25, 2035

I-29-B	Variable ⁽²⁾	$	788,234.19	December 25, 2035
I-30-A	Variable ⁽²⁾	$	757,119.67	December 25, 2035
I-30-B	Variable ⁽²⁾	$	757,119.67	December 25, 2035
I-31-A	Variable ⁽²⁾	$	727,279.34	December 25, 2035
I-31-B	Variable ⁽²⁾	$	727,279.34	December 25, 2035
I-32-A	Variable ⁽²⁾	$	698,597.26	December 25, 2035
I-32-B	Variable ⁽²⁾	$	698,597.26	December 25, 2035
I-33-A	Variable ⁽²⁾	$	670,810.11	December 25, 2035
I-33-B	Variable ⁽²⁾	$	670,810.11	December 25, 2035
I-34-A	Variable ⁽²⁾	$	644,524.28	December 25, 2035
I-34-B	Variable ⁽²⁾	$	644,524.28	December 25, 2035
I-35-A	Variable ⁽²⁾	$	619,301.24	December 25, 2035
I-35-B	Variable ⁽²⁾	$	619,301.24	December 25, 2035
I-36-A	Variable ⁽²⁾	$	6,382,813.10	December 25, 2035
I-36-B	Variable ⁽²⁾	$	6,382,813.10	December 25, 2035
I-37-A	Variable ⁽²⁾	$	298,701.35	December 25, 2035
I-37-B	Variable ⁽²⁾	$	298,701.35	December 25, 2035
I-38-A	Variable ⁽²⁾	$	289,298.86	December 25, 2035
I-38-B	Variable ⁽²⁾	$	289,298.86	December 25, 2035
I-39-A	Variable ⁽²⁾	$	280,190.76	December 25, 2035
I-39-B	Variable ⁽²⁾	$	280,190.76	December 25, 2035
I-40-A	Variable ⁽²⁾	$	271,367.89	December 25, 2035
I-40-B	Variable ⁽²⁾	$	271,367.89	December 25, 2035
I-41-A	Variable ⁽²⁾	$	262,821.35	December 25, 2035
I-41-B	Variable ⁽²⁾	$	262,821.35	December 25, 2035
I-42-A	Variable ⁽²⁾	$	254,542.51	December 25, 2035
I-42-B	Variable ⁽²⁾	$	254,542.51	December 25, 2035
I-43-A	Variable ⁽²⁾	$	246,523.03	December 25, 2035
I-43-B	Variable ⁽²⁾	$	246,523.03	December 25, 2035
I-44-A	Variable ⁽²⁾	$	238,754.82	December 25, 2035
I-44-B	Variable ⁽²⁾	$	238,754.82	December 25, 2035
I-45-A	Variable ⁽²⁾	$	231,230.03	December 25, 2035
I-45-B	Variable ⁽²⁾	$	231,230.03	December 25, 2035
I-46-A	Variable ⁽²⁾	$	223,941.07	December 25, 2035
I-46-B	Variable ⁽²⁾	$	223,941.07	December 25, 2035
I-47-A	Variable ⁽²⁾	$	216,880.58	December 25, 2035
I-47-B	Variable ⁽²⁾	$	216,880.58	December 25, 2035
I-48-A	Variable ⁽²⁾	$	210,041.42	December 25, 2035
I-48-B	Variable ⁽²⁾	$	210,041.42	December 25, 2035
I-49-A	Variable ⁽²⁾	$	203,416.70	December 25, 2035
I-49-B	Variable ⁽²⁾	$	203,416.70	December 25, 2035
I-50-A	Variable ⁽²⁾	$	196,999.72	December 25, 2035
I-50-B	Variable ⁽²⁾	$	196,999.72	December 25, 2035
I-51-A	Variable ⁽²⁾	$	190,783.98	December 25, 2035

I-51-B	Variable ⁽²⁾	$	190,783.98	December 25, 2035
I-52-A	Variable ⁽²⁾	$	184,763.22	December 25, 2035
I-52-B	Variable ⁽²⁾	$	184,763.22	December 25, 2035
I-53-A	Variable ⁽²⁾	$	178,931.33	December 25, 2035
I-53-B	Variable ⁽²⁾	$	178,931.33	December 25, 2035
I-54-A	Variable ⁽²⁾	$	173,282.42	December 25, 2035
I-54-B	Variable ⁽²⁾	$	173,282.42	December 25, 2035
I-55-A	Variable ⁽²⁾	$	167,810.77	December 25, 2035
I-55-B	Variable ⁽²⁾	$	167,810.77	December 25, 2035
I-56-A	Variable ⁽²⁾	$	162,510.85	December 25, 2035
I-56-B	Variable ⁽²⁾	$	162,510.85	December 25, 2035
I-57-A	Variable ⁽²⁾	$	157,562.56	December 25, 2035
I-57-B	Variable ⁽²⁾	$	157,562.56	December 25, 2035
I-58-A	Variable ⁽²⁾	$	152,781.59	December 25, 2035
I-58-B	Variable ⁽²⁾	$	152,781.59	December 25, 2035
I-59-A	Variable ⁽²⁾	$	147,957.69	December 25, 2035
I-59-B	Variable ⁽²⁾	$	147,957.69	December 25, 2035
I-60-A	Variable ⁽²⁾	$	4,481,032.64	December 25, 2035
I-60-B	Variable ⁽²⁾	$	4,481,032.64	December 25, 2035
II-Non-Swap	Variable ⁽²⁾	$	77,568,988.00	December 25, 2035
II-8-A	Variable ⁽²⁾	$	7,504,753.91	December 25, 2035
II-8-B	Variable ⁽²⁾	$	7,504,753.91	December 25, 2035
II-9-A	Variable ⁽²⁾	$	7,197,129.22	December 25, 2035
II-9-B	Variable ⁽²⁾	$	7,197,129.22	December 25, 2035
II-10-A	Variable ⁽²⁾	$	6,869,823.65	December 25, 2035
II-10-B	Variable ⁽²⁾	$	6,869,823.65	December 25, 2035
II-11-A	Variable ⁽²⁾	$	6,556,231.19	December 25, 2035
II-11-B	Variable ⁽²⁾	$	6,556,231.19	December 25, 2035
II-12-A	Variable ⁽²⁾	$	6,257,106.52	December 25, 2035
II-12-B	Variable ⁽²⁾	$	6,257,106.52	December 25, 2035
II-13-A	Variable ⁽²⁾	$	5,971,758.34	December 25, 2035
II-13-B	Variable ⁽²⁾	$	5,971,758.34	December 25, 2035
II-14-A	Variable ⁽²⁾	$	5,699,538.90	December 25, 2035
II-14-B	Variable ⁽²⁾	$	5,699,538.90	December 25, 2035
II-15-A	Variable ⁽²⁾	$	5,439,845.17	December 25, 2035
II-15-B	Variable ⁽²⁾	$	5,439,845.17	December 25, 2035
II-16-A	Variable ⁽²⁾	$	5,192,114.13	December 25, 2035
II-16-B	Variable ⁽²⁾	$	5,192,114.13	December 25, 2035
II-17-A	Variable ⁽²⁾	$	4,955,764.58	December 25, 2035
II-17-B	Variable ⁽²⁾	$	4,955,764.58	December 25, 2035
II-18-A	Variable ⁽²⁾	$	4,730,296.43	December 25, 2035
II-18-B	Variable ⁽²⁾	$	4,730,296.43	December 25, 2035
II-19-A	Variable ⁽²⁾	$	4,515,499.57	December 25, 2035
II-19-B	Variable ⁽²⁾	$	4,515,499.57	December 25, 2035

II-20-A	Variable ⁽²⁾	$	4,309,182.90	December 25, 2035
II-20-B	Variable ⁽²⁾	$	4,309,182.90	December 25, 2035
II-21-A	Variable ⁽²⁾	$	4,103,614.87	December 25, 2035
II-21-B	Variable ⁽²⁾	$	4,103,614.87	December 25, 2035
II-22-A	Variable ⁽²⁾	$	3,917,703.26	December 25, 2035
II-22-B	Variable ⁽²⁾	$	3,917,703.26	December 25, 2035
II-23-A	Variable ⁽²⁾	$	3,740,383.98	December 25, 2035
II-23-B	Variable ⁽²⁾	$	3,740,383.98	December 25, 2035
II-24-A	Variable ⁽²⁾	$	57,377,930.60	December 25, 2035
II-24-B	Variable ⁽²⁾	$	57,377,930.60	December 25, 2035
II-25-A	Variable ⁽²⁾	$	873,699.86	December 25, 2035
II-25-B	Variable ⁽²⁾	$	873,699.86	December 25, 2035
II-26-A	Variable ⁽²⁾	$	838,999.20	December 25, 2035
II-26-B	Variable ⁽²⁾	$	838,999.20	December 25, 2035
II-27-A	Variable ⁽²⁾	$	805,727.79	December 25, 2035
II-27-B	Variable ⁽²⁾	$	805,727.79	December 25, 2035
II-28-A	Variable ⁽²⁾	$	773,824.79	December 25, 2035
II-28-B	Variable ⁽²⁾	$	773,824.79	December 25, 2035
II-29-A	Variable ⁽²⁾	$	743,232.04	December 25, 2035
II-29-B	Variable ⁽²⁾	$	743,232.04	December 25, 2035
II-30-A	Variable ⁽²⁾	$	713,893.93	December 25, 2035
II-30-B	Variable ⁽²⁾	$	713,893.93	December 25, 2035
II-31-A	Variable ⁽²⁾	$	685,757.25	December 25, 2035
II-31-B	Variable ⁽²⁾	$	685,757.25	December 25, 2035
II-32-A	Variable ⁽²⁾	$	658,712.70	December 25, 2035
II-32-B	Variable ⁽²⁾	$	658,712.70	December 25, 2035
II-33-A	Variable ⁽²⁾	$	632,511.98	December 25, 2035
II-33-B	Variable ⁽²⁾	$	632,511.98	December 25, 2035
II-34-A	Variable ⁽²⁾	$	607,726.87	December 25, 2035
II-34-B	Variable ⁽²⁾	$	607,726.87	December 25, 2035
II-35-A	Variable ⁽²⁾	$	583,943.88	December 25, 2035
II-35-B	Variable ⁽²⁾	$	583,943.88	December 25, 2035
II-36-A	Variable ⁽²⁾	$	6,018,403.28	December 25, 2035
II-36-B	Variable ⁽²⁾	$	6,018,403.28	December 25, 2035
II-37-A	Variable ⁽²⁾	$	281,647.79	December 25, 2035
II-37-B	Variable ⁽²⁾	$	281,647.79	December 25, 2035
II-38-A	Variable ⁽²⁾	$	272,782.10	December 25, 2035
II-38-B	Variable ⁽²⁾	$	272,782.10	December 25, 2035
II-39-A	Variable ⁽²⁾	$	264,194.01	December 25, 2035
II-39-B	Variable ⁽²⁾	$	264,194.01	December 25, 2035
II-40-A	Variable ⁽²⁾	$	255,874.86	December 25, 2035
II-40-B	Variable ⁽²⁾	$	255,874.86	December 25, 2035
II-41-A	Variable ⁽²⁾	$	247,816.26	December 25, 2035
II-41-B	Variable ⁽²⁾	$	247,816.26	December 25, 2035

II-42-A	Variable ⁽²⁾	$	240,010.08	December 25, 2035
II-42-B	Variable ⁽²⁾	$	240,010.08	December 25, 2035
II-43-A	Variable ⁽²⁾	$	232,448.45	December 25, 2035
II-43-B	Variable ⁽²⁾	$	232,448.45	December 25, 2035
II-44-A	Variable ⁽²⁾	$	225,123.74	December 25, 2035
II-44-B	Variable ⁽²⁾	$	225,123.74	December 25, 2035
II-45-A	Variable ⁽²⁾	$	218,028.56	December 25, 2035
II-45-B	Variable ⁽²⁾	$	218,028.56	December 25, 2035
II-46-A	Variable ⁽²⁾	$	211,155.75	December 25, 2035
II-46-B	Variable ⁽²⁾	$	211,155.75	December 25, 2035
II-47-A	Variable ⁽²⁾	$	204,498.36	December 25, 2035
II-47-B	Variable ⁽²⁾	$	204,498.36	December 25, 2035
II-48-A	Variable ⁽²⁾	$	198,049.67	December 25, 2035
II-48-B	Variable ⁽²⁾	$	198,049.67	December 25, 2035
II-49-A	Variable ⁽²⁾	$	191,803.17	December 25, 2035
II-49-B	Variable ⁽²⁾	$	191,803.17	December 25, 2035
II-50-A	Variable ⁽²⁾	$	185,752.54	December 25, 2035
II-50-B	Variable ⁽²⁾	$	185,752.54	December 25, 2035
II-51-A	Variable ⁽²⁾	$	179,891.68	December 25, 2035
II-51-B	Variable ⁽²⁾	$	179,891.68	December 25, 2035
II-52-A	Variable ⁽²⁾	$	174,214.65	December 25, 2035
II-52-B	Variable ⁽²⁾	$	174,214.65	December 25, 2035
II-53-A	Variable ⁽²⁾	$	168,715.72	December 25, 2035
II-53-B	Variable ⁽²⁾	$	168,715.72	December 25, 2035
II-54-A	Variable ⁽²⁾	$	163,389.32	December 25, 2035
II-54-B	Variable ⁽²⁾	$	163,389.32	December 25, 2035
II-55-A	Variable ⁽²⁾	$	158,230.06	December 25, 2035
II-55-B	Variable ⁽²⁾	$	158,230.06	December 25, 2035
II-56-A	Variable ⁽²⁾	$	153,232.73	December 25, 2035
II-56-B	Variable ⁽²⁾	$	153,232.73	December 25, 2035
II-57-A	Variable ⁽²⁾	$	148,566.94	December 25, 2035
II-57-B	Variable ⁽²⁾	$	148,566.94	December 25, 2035
II-58-A	Variable ⁽²⁾	$	144,058.93	December 25, 2035
II-58-B	Variable ⁽²⁾	$	144,058.93	December 25, 2035
II-59-A	Variable ⁽²⁾	$	139,510.43	December 25, 2035
II-59-B	Variable ⁽²⁾	$	139,510.43	December 25, 2035
II-60-A	Variable ⁽²⁾	$	4,225,199.94	December 25, 2035
II-60-B	Variable ⁽²⁾	$	4,225,199.94	December 25, 2035
P	0.00%	$	100.00	December 25, 2035

___________________________

(1)	For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC I Regular Interest.
(2)	Calculated in accordance with the definition of “Uncertificated REMIC I Pass-Through Rate” herein.

REMIC II

As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II”. The Class R-2 Certificates will be the sole class of Residual Interests in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Uncertificated REMIC II Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificated.

Designation	Uncertificated REMIC II Pass-Through Rate	Initial Uncertificated Principal Balance		Latest Possible Maturity Date (1)
AA	Variable(2)	$	415,870,197.35	December 25, 2035
I-A-1	Variable(2)	$	1,173,570.00	December 25, 2035
I-A-2	Variable(2)	$	395,280.00	December 25, 2035
I-A-3	Variable(2)	$	36,490.00	December 25, 2035
II-A	Variable(2)	$	1,513,685.00	December 25, 2035
M-1	Variable(2)	$	178,230.00	December 25, 2035
M-2	Variable(2)	$	165,500.00	December 25, 2035
M-3	Variable(2)	$	114,575.00	December 25, 2035
M-4	Variable(2)	$	171,865.00	December 25, 2035
M-5	Variable(2)	$	72,140.00	December 25, 2035
M-6	Variable(2)	$	74,265.00	December 25, 2035
M-7	Variable(2)	$	61,530.00	December 25, 2035
M-8	Variable(2)	$	55,165.00	December 25, 2035
ZZ	Variable(2)	$	4,474,851.88	December 25, 2035
IO	(2)		(3)	December 25, 2035
P	0.00%	$	100.00	December 25, 2035
1-Sub	Variable(2)	$	11,575.91	December 25, 2035
1-Grp	Variable(2)	$	43,682.71	December 25, 2035
2-Sub	Variable(2)	$	10,915.06	December 25, 2035
2-Grp	Variable(2)	$	41,188.76	December 25, 2035
XX	Variable(2)	$	424,249,981.79	December 25, 2035

___________________________

(1)	For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC II Regular Interest.
(2)	Calculated in accordance with the definition of “Uncertificated REMIC II Pass-Through Rate” herein.
(3)	REMIC II Regular Interest IO will not have an Uncertificated Principal Balance but will accrue interest on its uncertificated notional amount calculated in accordance with the definition of “Uncertificated Notional Amount” herein.

___________________________

REMIC III

As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC III”. The Class R-3 Certificates will represent the sole class of Residual Interests in REMIC III for purposes of the REMIC Provisions.

The following table irrevocably sets forth the designation, Pass-Through Rate, Initial Certificate Principal Balance (or initial Uncertificated Principal Balance, in the case of the Class CE, P and IO Interests) and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each class of Certificates and interests that represents ownership of one or more of the Regular Interests in REMIC III created hereunder.

Each Certificate, other than the Class P, Class CE and Class R Certificates, represents ownership of a Regular Interest in REMIC III and also represents (i) the right to receive payments with respect to the Basis Risk Shortfall Carry Forward Amount (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate.

Designation	Pass-Through Rate	Initial Certificate or Uncertificated Principal Balance		Latest Possible Maturity Date(1)
I-A-1(2)	Variable(3)	$	234,714,000.00	December 25, 2035
I-A-2(2)	Variable(3)	$	79,056,000.00	December 25, 2035
I-A-3(2)	Variable(3)	$	7,298,000.00	December 25, 2035
II-A(2)	Variable(3)	$	302,737,000.00	December 25, 2035
M-1(2)	Variable(3)	$	35,646,000.00	December 25, 2035
M-2(2)	Variable(3)	$	33,100,000.00	December 25, 2035
M-3(2)	Variable(3)	$	22,915,000.00	December 25, 2035
M-4(2)	Variable(3)	$	34,373,000.00	December 25, 2035
M-5(2)	Variable(3)	$	14,428,000.00	December 25, 2035
M-6(2)	Variable(3)	$	14,853,000.00	December 25, 2035
M-7(2)	Variable(3)	$	12,306,000.00