FREMONT MORTGAGE SECURITIES
CORPORATION,
FREMONT INVESTMENT &
LOAN,
as Sponsor, Originator and
Servicer,
as Master Servicer, Trust
Administrator and Swap Administrator,
HSBC BANK USA, NATIONAL
ASSOCIATION,
POOLING AND SERVICING
AGREEMENT
Dated as of December 1,
2006
FREMONT HOME LOAN TRUST
2006-E
MORTGAGE-BACKED CERTIFICATES,
SERIES 2006-E
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Page
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ARTICLE I
DEFINITIONS
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10
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Definitions
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10
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ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND
WARRANTIES
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71
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Conveyance of
Mortgage Loans
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71
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Acceptance by
the Trustee or Trust Administrator of the Mortgage Loans
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75
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Representations, Warranties and Covenants of the
Originator and the Servicer
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77
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Delivery of
Opinion of Counsel in Connection with Substitution; Non-Qualified
Mortgages
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79
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Execution and
Delivery of Certificates
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80
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Representations
and Warranties of the Depositor
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80
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Representations, Warranties and Covenants of the
Servicer, the Originator and the Master Servicer
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82
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ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
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87
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Servicer to
Service Mortgage Loans
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87
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Subservicing
Agreements between the Servicer and Subservicers
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89
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Successor
Subservicers
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90
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Liability of
the Servicer
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90
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No Contractual
Relationship between Subservicers and the Trustee, Master Servicer,
Swap Administrator, Trust Administrator, the NIM Insurer or
Certificateholder
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91
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Assumption or
Termination of Subservicing Agreements by Master Servicer, Trustee
or Trust Administrator
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91
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Collection of
Certain Mortgage Loan Payments
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91
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Subservicing
Accounts
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93
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Collection of
Taxes, Assessments and Similar Items; Escrow Accounts
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93
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Collection
Account
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94
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Withdrawals
from the Collection Account and Distribution Account
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95
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Investment of
Funds in the Collection Account and the Distribution
Account
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97
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Maintenance of
Hazard Insurance, Errors and Omissions and Fidelity
Coverage
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99
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Enforcement of
Due-on-Sale Clauses; Assumption Agreements
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100
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Realization
upon Defaulted Mortgage Loans
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101
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Release of
Mortgage Files
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103
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Title,
Conservation and Disposition of REO Property
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104
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Notification of
Adjustments
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105
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Access to
Certain Documentation and Information Regarding the Mortgage
Loans
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106
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Fremont
2006-E
Pooling & Servicing Agreement
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Page
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Documents,
Records and Funds in Possession of the Servicer to Be Held for the
Trustee
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106
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Servicing
Compensation
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107
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Annual
Statement as to Compliance
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107
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Report on
Assessment of Compliance and Attestation
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108
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Master Servicer
to Act as Servicer
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109
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Compensating
Interest
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110
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Credit
Reporting; Gramm-Leach-Bliley Act
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110
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Net WAC Rate
Carryover Reserve Account; Distribution Account; Swap Account;
Interest Coverage Account
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110
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Optional
Purchase of Delinquent Mortgage Loans
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114
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REMIC-Related
Covenants
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115
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Master
Servicer
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115
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REMIC-Related
Covenants
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116
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Monitoring of
Servicer
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116
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Fidelity
Bond
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117
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Power to Act;
Procedures
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117
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Due-on-Sale
Clauses; Assumption Agreements
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118
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Documents,
Records and Funds in Possession of Master Servicer To Be Held for
Trustee
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118
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[RESERVED]
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119
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Compensation
for the Master Servicer
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119
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[RESERVED]
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119
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[RESERVED]
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119
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Obligation of
the Master Servicer in Respect of Prepayment Interest
Shortfalls
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119
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ARTICLE IV
DISTRIBUTIONS AND ADVANCES BY THE SERVICER
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119
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Advances
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119
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Priorities of
Distribution
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121
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Monthly
Statements to Certificateholders
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130
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Certain Matters
Relating to the Determination of LIBOR
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134
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Allocation of
Realized Loss Amounts
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134
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Compliance with
Withholding Requirements
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135
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Commission
Reporting
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135
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REMIC
Distributions and Allocation of Losses
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143
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ARTICLE V
THE CERTIFICATES
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148
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The
Certificates
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148
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Certificate
Register; Registration of Transfer and Exchange of
Certificates
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149
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Mutilated,
Destroyed, Lost or Stolen Certificates
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154
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Persons Deemed
Owners
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155
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Access to List
of Certificateholders’ Names and Addresses
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155
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Maintenance of
Office or Agency
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155
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Fremont
2006-E
Pooling & Servicing Agreement
ii
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Page
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ARTICLE VI
THE DEPOSITOR, THE ORIGINATOR, THE MASTER SERVICER, THE SWAP
ADMINISTRATOR
AND THE SERVICER
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156
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Respective
Liabilities of the Depositor, the Originator, the Master Servicer,
the Swap Administrator and the Servicer
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156
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Merger or
Consolidation of the Depositor, the Originator, the Master
Servicer, the Swap Administrator or the Servicer
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156
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Limitation on
Liability of the Depositor, the Originator, the Master Servicer,
the Swap Administrator, the Trust Administrator, the Servicer and
Others
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156
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Limitation on
Resignation of the Servicer
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157
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Additional
Indemnification by the Servicer; Third Party Claims
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158
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Rights of the
Depositor, the Master Servicer, the Swap Administrator, the Trust
Administrator and the Trustee in Respect of the Servicer
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158
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Limitation on
Resignation of the Master Servicer
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159
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Assignment of
Master Servicing
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159
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ARTICLE VII
DEFAULT
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160
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Events of
Default
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160
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Master Servicer
to Act; Appointment of Successor
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166
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Notification to
Certificateholders
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167
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ARTICLE VIII
CONCERNING THE TRUSTEE AND THE TRUST ADMINISTRATOR
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168
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Duties of the
Trustee and Trust Administrator
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168
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Certain Matters
Affecting the Trustee and the Trust Administrator
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169
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Neither the
Trustee Nor the Trust Administrator Liable for Certificates or
Mortgage Loans
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171
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Trustee and
Trust Administrator May Own Certificates
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171
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Fees and
Expenses of the Trustee and Trust Administrator
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172
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Eligibility
Requirements for the Trustee and Trust Administrator
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173
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Resignation and
Removal of the Trustee or Trust Administrator
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173
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Successor
Trustee or Trust Administrator
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174
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Merger or
Consolidation of the Trustee or the Trust Administrator
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175
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Appointment of
Co-Trustee or Separate Trustee .
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175
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Representations
and Warranties of the Trustee, Trust Administrator and Swap
Administrator
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176
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ARTICLE IX
TERMINATION
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178
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Termination
upon Liquidation or Purchase of the Mortgage Loans
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178
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Final
Distribution on the Certificates
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178
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Additional
Termination Requirements
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180
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ARTICLE X
MISCELLANEOUS PROVISIONS
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180
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Amendment
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180
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Fremont
2006-E
Pooling & Servicing Agreement
iii
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Page
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Recordation of
Agreement; Counterparts
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182
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Governing
Law
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183
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Intention of
Parties
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183
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Notices
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183
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Severability of
Provisions
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184
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Assignment;
Sales; Advance Facilities
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185
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Limitation on
Rights of Certificateholders
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186
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Inspection and
Audit Rights
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187
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Certificates
Nonassessable and Fully Paid
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187
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Waiver of Jury
Trial
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188
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Benefit of
Agreement
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188
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ARTICLE XI
REMIC PROVISIONS
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189
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REMIC
Administration
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189
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Prohibited
Transactions and Activities
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192
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Indemnification
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193
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Rights of the
NIM Insurer
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193
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Third-Party
Beneficiaries
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194
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SCHEDULES
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Mortgage Loan
Schedule
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Reserved
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Reserved
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Representations
and Warranties of Fremont Investment & Loan as to the Mortgage
Loans
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EXHIBITS
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Form of
Class A and Class M
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Form of
Class P Certificate
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Form of
Class R Certificate
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Form of
Class C Certificate
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Form of Initial
Certification of Trust Administrator
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Form of
Document Certification and Exception Report of Trust
Administrator
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Form of
Residual Transfer Affidavit and Agreement
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Form of
Transferor Certificate
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Form of
Rule 144A Letter
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Form of Request
for Release
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Form of
Contents for Each Mortgage File
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Fremont
2006-E
Pooling & Servicing Agreement
iv
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Power of
Attorney
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Form of Trust
Administrator Certification
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[Reserved]
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Purchase
Agreement
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Standard &
Poor’s LEVELS® Glossary
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Form of
Calculation of Realized Loss
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Form of
Additional Disclosure Notification
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Relevant
Servicing Criteria
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Form 10-D,
Form 8-K and Form 10-K Reporting
Responsibility
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Fremont
2006-E
Pooling & Servicing Agreement
v
THIS POOLING AND
SERVICING AGREEMENT, dated as of December 1, 2006, among
FREMONT MORTGAGE SECURITIES CORP., as depositor (the “
Depositor ”), FREMONT INVESTMENT & LOAN, as
originator, sponsor and servicer (the “ Originator
,” “ Sponsor ” and the “
Servicer ”, as applicable; and together “
Fremont ”), and WELLS FARGO BANK, N.A., as master
servicer, trust administrator and swap administrator (the “
Master Servicer ”, the “ Trust
Administrator ” and the “ Swap Administrator
” in such capacities, respectively), and HSBC BANK USA,
NATIONAL ASSOCIATION, as trustee (the “ Trustee
”),
In consideration
of the mutual agreements herein contained, the parties hereto agree
as follows:
The Issuing Entity
intends to sell pass-through certificates (collectively, the
“ Certificates ”), to be issued hereunder in
multiple Classes, which in the aggregate will evidence the entire
beneficial ownership interest in the Trust Fund created hereunder.
The Certificates will consist of eighteen Classes of Certificates,
designated as (i) the Class 1-A1 Certificates,
(ii) the Class 2-A1, Class 2-A2, Class 2-A3 and
Class 2-A4 Certificates, (iii) the Class M1,
Class M2, Class M3, Class M4, Class M5,
Class M6, Class M7, Class M8, Class M9 and
Class M10 Certificates, (iv) the Class C Certificates,
(v) the Class P Certificates and (vi) the
Class R Certificates. The descriptions of REMIC I, REMIC II,
and REMIC III that follow are part of the Preliminary Statement.
Any inconsistencies or ambiguities in this Agreement or in the
administration of this Agreement shall be resolved in a manner that
preserves the validity of such REMIC elections described
below.
As provided
herein, the Trust Administrator will make an election to treat the
assets of the Trust Fund, other than the Swap Agreement, the Swap
Account, the Net WAC Rate Carryover Reserve Account, the Interest
Coverage Account, any Net WAC Rate Carryover Amounts and any
Servicer Prepayment Payment Amounts as a real estate mortgage
investment conduit (a “ REMIC ”) for federal
income tax purposes, and such segregated pool of assets will be
designated as “REMIC I.” The Class R-I Interest
will represent the sole Class of “residual interests”
in REMIC I for purposes of the REMIC Provisions under federal
income tax law. Interest on all Classes of REMIC I Regular
Interests will be calculated on the basis of a 360-day year
consisting of twelve 30-day months.
The following
table irrevocably sets forth the designation, the Uncertificated
REMIC I Pass-Through Rate, the initial Uncertificated Balance, and
solely for purposes of satisfying Treasury Regulations
Section 1.860G-1(a)(4)(iii), the “latest possible
maturity date” for each of the REMIC I Interests. None of the
REMIC I Regular Interests shall be certificated.
Fremont
2006-E
Pooling & Servicing Agreement
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Initial
Uncertificated
|
|
Uncertificated REMIC
I
|
|
Latest Possible
|
|
Designation
|
|
Balance
|
|
Pass-Through Rate
|
|
Maturity Date
(1)
|
|
|
|
$
|
62,004,010.74
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,532,280.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,532,280.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,532,280.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,532,280.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,532,280.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,532,280.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
9,060,962.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
9,060,962.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
10,120,527.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
10,120,527.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
11,151,472.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
11,151,472.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
12,147,862.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
12,147,862.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
13,103,670.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
13,103,670.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,011,341.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,011,341.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,754,361.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,754,361.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
15,218,935.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
15,218,935.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,988,482.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,988,482.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,564,302.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,564,302.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,152,212.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,152,212.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
13,751,870.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
13,751,870.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
13,362,936.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
13,362,936.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
12,987,213.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
12,987,213.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
12,626,313.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
12,626,313.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
12,298,221.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
12,298,221.25
|
|
|
Variable (2)
|
|
January 2037
|
Fremont
2006-E
Pooling & Servicing Agreement
2
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial
Uncertificated
|
|
Uncertificated REMIC
I
|
|
Latest Possible
|
|
Designation
|
|
Balance
|
|
Pass-Through Rate
|
|
Maturity Date
(1)
|
|
|
|
$
|
13,041,637.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
13,041,637.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,996,973.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
14,996,973.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
19,913,216.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
19,913,216.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
212,976,712.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
212,976,712.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
5,201,268.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
5,201,268.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
4,940,800.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
4,940,800.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
4,641,731.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
4,641,731.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
4,084,681.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
4,084,681.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
3,095,018.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
3,095,018.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
3,007,451.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
3,007,451.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,922,493.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,922,493.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,840,067.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,840,067.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,760,088.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,760,088.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,682,483.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,682,483.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,607,175.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
2,607,175.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
31,782,298.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
31,782,298.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,423,603.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,423,603.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,391,672.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,391,672.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,360,460.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,360,460.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,329,950.00
|
|
|
Variable (2)
|
|
January 2037
|
Fremont
2006-E
Pooling & Servicing Agreement
3
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial
Uncertificated
|
|
Uncertificated REMIC
I
|
|
Latest Possible
|
|
Designation
|
|
Balance
|
|
Pass-Through Rate
|
|
Maturity Date
(1)
|
|
|
|
$
|
1,329,950.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,300,127.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,300,127.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,270,977.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,270,977.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,242,481.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,242,481.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,214,628.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,214,628.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,187,400.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,187,400.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,160,786.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,160,786.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,134,770.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,134,770.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,109,337.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,109,337.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,084,477.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,084,477.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,060,175.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,060,175.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,036,418.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,036,418.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,013,197.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,013,197.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
990,496.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
990,496.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
968,303.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
968,303.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
946,611.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
946,611.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
925,403.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
925,403.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
904,673.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
904,673.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
884,406.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
884,406.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
864,595.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
864,595.00
|
|
|
Variable (2)
|
|
January 2037
|
Fremont
2006-E
Pooling & Servicing Agreement
4
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial
Uncertificated
|
|
Uncertificated REMIC
I
|
|
Latest Possible
|
|
Designation
|
|
Balance
|
|
Pass-Through Rate
|
|
Maturity Date
(1)
|
|
|
|
$
|
1,356,290.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
1,356,290.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
808,083.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
808,083.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
790,222.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
790,222.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
772,751.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
772,751.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
755,666.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
755,666.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
738,953.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
738,953.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
722,608.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
722,608.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
706,622.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
706,622.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
690,986.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
690,986.25
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
675,695.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
675,695.00
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
660,737.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
660,737.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
646,108.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
646,108.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
631,802.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
631,802.50
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
27,527,893.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
$
|
27,527,893.75
|
|
|
Variable (2)
|
|
January 2037
|
|
|
|
|
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(1)
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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.
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(2)
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Calculated in
accordance with the definition of “Uncertificated REMIC I
Pass-Through Rate” herein.
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Fremont
2006-E
Pooling & Servicing Agreement
5
As provided
herein, the Trust Administrator shall 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 shall be designated as “REMIC II.” The
Class R-II Interest shall evidence 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 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 shall be certificated.
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Uncertificated
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Initial
Uncertificated
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REMIC II Pass-
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Latest Possible
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Designation
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Balance
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Through Rate
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Maturity Date (1)
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$
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1,257,698,592.53
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Variable (2)
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January 2037
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$
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4,682,890.00
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Variable (2)
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January 2037
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$
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2,615,730.00
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Variable (2)
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January 2037
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$
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971,020.00
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Variable (2)
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January 2037
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$
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938,880.00
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Variable (2)
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January 2037
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$
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442,390.00
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Variable (2)
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January 2037
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$
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603,180.00
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Variable (2)
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January 2037
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$
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616,020.00
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Variable (2)
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January 2037
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$
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205,330.00
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Variable (2)
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January 2037
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$
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301,590.00
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Variable (2)
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January 2037
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$
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224,590.00
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Variable (2)
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January 2037
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$
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160,420.00
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Variable (2)
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January 2037
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$
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160,430.00
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Variable (2)
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January 2037
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$
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115,500.00
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Variable (2)
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January 2037
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$
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186,090.00
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Variable (2)
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January 2037
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$
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224,590.00
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