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Exhibit 1.4
EXECUTION
FIRST HORIZON ASSET SECURITIES
INC.
MORTGAGE PASS-THROUGH
CERTIFICATES
SERIES 2007-FA4
TERMS AGREEMENT
(to Underwriting Agreement,
dated March 24, 2006
among the Company, First Horizon
Home Loan Corporation
and the Underwriter)
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First Horizon Asset Securities Inc.
4000 Horizon Way
Irving, Texas 75063
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Charlotte, North Carolina
June 27, 2007
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Banc of America Securities LLC
(the “ Underwriter
”) agrees, subject to the terms and
provisions herein and of the captioned Underwriting Agreement (the
“ Underwriting
Agreement ”), to purchase such Classes of Series 2007-FA4
Certificates specified in Section 2(a) hereof (the “
Offered Certificates ”). This letter supplements and modifies the
Underwriting Agreement solely as it relates to the purchase and
sale of the Offered Certificates described below. The Series
2007-FA4 Certificates are registered with the Securities and
Exchange Commission by means of an effective Registration Statement
(No. 333-143015). Capitalized terms used and not defined herein
have the meanings given them in the Underwriting
Agreement.
Section 1. The Mortgage
Pools : The Series 2007-FA4
Certificates shall evidence the entire beneficial ownership
interest in two mortgage pools (“ Pool I ” and
“ Pool II ” and, collectively, the “
Mortgage Pools ”) of conventional, fixed rate, fully amortizing,
one-to-four-family residential mortgage loans (the “
Mortgage Loans ”) having the following characteristics as of June 1,
2007 (the “ Cut-off
Date ”):
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(a) Aggregate Principal Amount
of the Mortgage Pools : Approximately
$413,005,657 aggregate principal balance as of the Cut-off Date,
subject to an upward or downward variance of up to 5%, the precise
aggregate principal balance to be determined by the
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(b) Original Terms to
Maturity : The original term to
maturity of each Mortgage Loan included in Pool I shall be between
240 and 360 months. The original term to maturity of each Mortgage
Loan included in Pool II shall be 180 months. |
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Section
2. The Certificates
: The Offered Certificates shall be issued as
follows: |
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228050 FHAMS
2007-FA4
BofA Underwriting Terms Agreement
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(a) Classes : The Offered
Certificates shall be issued with the following Class designations,
interest rates and principal balances, subject in the
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