_____________________________________
AMENDMENT NO. 2
Dated as of April 1, 2005
to
POOLING AND SERVICING
AGREEMENT
Dated as of June 1, 2003
among
CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP.,
Depositor,
DLJ MORTGAGE CAPITAL,
INC.,
Seller,
CHASE HOME FINANCE LLC,
Servicer,
OCWEN FEDERAL BANK FSB,
Servicer
THE MURRAYHILL COMPANY,
Credit Risk Manager
and
U.S. BANK NATIONAL
ASSOCIATION,
Trustee
Home Equity Asset Trust 2003-4
HOME EQUITY PASS-THROUGH CERTIFICATES,
SERIES 2003-4
______________________________________
THIS AMENDMENT NO. 2, dated as of April
1, 2005 (the “Amendment”), to the Pooling and Servicing
Agreement (the “Pooling and Servicing Agreement”),
dated as of June 1, 2003, among CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP., a Delaware corporation, as depositor (the
“Depositor”), DLJ MORTGAGE CAPITAL, INC., a Delaware
corporation, as seller (in such capacity, the
“Seller”), CHASE HOME FINANCE LLC (as successor in
interest to Chase Manhattan Mortgage Corporation), a New Jersey
corporation, as a servicer (in such capacity, a
“Servicer”), OCWEN FEDERAL BANK FSB, a federally
chartered savings bank, as a servicer (in such capacity, a
“Servicer”), THE MURRAYHILL COMPANY, a Colorado
corporation, as credit risk manager (the “Credit Risk
Manager”), and U.S. BANK NATIONAL ASSOCIATION, a national
banking association, as trustee (the “Trustee”) and
consented to by FINANCIAL SECURITY ASSURANCE INC., a New York stock
insurance company, as certificate insurer (the “Certificate
Insurer”), as amended by that certain Amendment No. 1, dated
as of September 13, 2004.
W I T N E S S
E T H
WHEREAS, the Seller, the Servicers, the
Depositor, the Credit Risk Manager and the Trustee entered into the
Pooling and Servicing Agreement;
WHEREAS, Section 10.01(a)(vi) of the
Pooling and Servicing Agreement permits amendments to the Pooling
and Servicing Agreement to modify, alter, amend, add to or rescind
any of the terms or provisions contained in the Pooling and
Servicing Agreement, provided that the Rating Agencies confirm that
the Amendment will not result in the downgrading or withdrawal of
the respective ratings then assigned to the
Certificates;
WHEREAS, the Depositor has received a
letter from each Rating Agency, copies of which are attached hereto
as Exhib
