Common use of Certificate No Clause in Contracts

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3-1] Cut-off Date : January 1, 2007 First Distribution Date : February 26, 2007 Initial Certificate Balance of this Certificate ("Denomination") : Initial Certificate Balances of all Certificates of this Class : CUSIP : ISIN : XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007-HE1 MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-HE1 [CLASS A-1] [CLASS A-2] [CLASS A-3] [CLASS A-4] [CLASS M-1] [CLASS M-2] [CLASS M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS B-1] [CLASS B-2] [CLASS B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage Services, Inc., as servicer ("Saxon" and the "Servicer"), IXIS Real Estate Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated by an authorized signatory of the Securities Administrator. * * *

Certificate No. [A-1-1/A-2-1/A-31//A-3-1/A-4-1//M-11/M-1-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3-1] Cut-off Date : January November 1, 2007 2004 First Distribution Date : February 26December 27, 2007 2004 Initial Certificate Balance of this Certificate ("Denomination") : Initial Certificate Balances of all Certificates of this Class : CUSIP : ISIN : XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007Real Estate Capital Trust 2004-HE1 MORTGAGE PASSHE4 Mortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2004-HE1 HE4 [CLASS Class A-1] [CLASS Class A-2] [CLASS Class A-3] [CLASS Class A-4] [CLASS Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS Class B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. ., is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage Services, Inc.Countrywide Home Loans Servicing LP, as servicer ("Saxon" and the "Servicer"), IXIS Real Estate Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), Deutsche Bank National Trust Company, as custodian and as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-11/M-1-1/ M-2-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3-1] Cut-off Date : January February 1, 2007 2004 First Distribution Date : February 26March 25, 2007 2004 Initial Certificate Balance of this Certificate ("Denomination") : Initial Certificate Balances of all Certificates of this Class : CUSIP : ISIN : X-0 00000XXX0 A-3 00000XXX0 A-4 00000XXX0 M-1 00000XXX0 M-2 00000XXX0 M-3 00000XXX0 B-1 00000XXX0 B-2 00000XXX0 B-3 00000XXX0 XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007CDC Mortgage Capital Trust 2004-HE1 MORTGAGE PASSMortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2004-HE1 [CLASS Class A-1] [CLASS Class A-2] [CLASS A-3] [CLASS Class A-3][Class A-4] [CLASS Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS Class B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. ., is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage Services, Inc.Countrywide Home Loans Servicing LP, as servicer ("Saxon" and the "Servicer"), IXIS Real Estate CDC Mortgage Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), ) and Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated countersigned by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1M-1-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3-1] Cut-off Date : January November 1, 2007 2002 First Distribution Date : February December 26, 2007 2002 Initial Certificate Balance of this Certificate ("DenominationDENOMINATION") : A $537,817,000 M-1 $39,594,000 M-2 $36,294,000 B-1 $26,066,000 B-2 $10,229,000 Initial Certificate Balances of all Certificates of this Class : A $537,817,000 M-1 $39,594,000 M-2 $36,294,000 B-1 $26,066,000 B-2 $10,229,000 CUSIP : ISIN : XXXXXX XXXXXXX A 12506YAR0 M-0 00000XXS8 M-0 00000XXT6 B-0 00000XXU3 B-0 00000XXV1 MORGAN STANLEY ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007CDC Moxxxxxx Xxxxxxx Trust 2002-HE1 MORTGAGE PASSHE3 Mortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2002-HE1 HE3 [CLASS A-1] [CLASS A-2] [CLASS A-3] [CLASS A-4] [CLASS Class A][Class M-1] [CLASS M-2] [CLASS M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS B-1] [CLASS Class M-2][Class B-1][Class B-2] [CLASS B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "AgreementAGREEMENT") among Xxxxxx Xxxxxxx MORGAN STANLEY ABS Capital CAPITAL I Inc.INC., as depositor (the "DepositorDEPOSITOR"), Saxon Mortgage Services, Inc.Xaxxxxxxx Capital Corp., as servicer ("Saxon" and the "Servicer"), IXIS Real Estate CDC Mortgage Capital Inc., as unaffiliated seller (the "Unaffiliated SellerUNAFFILIATED SELLER"), ) and Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master ServicerTRUSTEE"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated countersigned by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1-1/M-2-1/ M-31/M- 3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3B-3- 1/B-4-1] Cut-off Date : January May 1, 2007 2006 First Distribution Date : February June 26, 2007 2006 Initial Certificate Balance of this Certificate ("Denomination") : Initial Certificate Balances of all Certificates of this Class : CUSIP : ISIN : XXXXXX XXXXXXX MORGAN STANLEY ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007Real Exxxxx Cxxxxxx Trust 2006-HE1 MORTGAGE PASSHE2 Mortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2006-HE1 HE2 [CLASS Class A-1] [CLASS Class A-2] [CLASS Class A-3] [CLASS Class A-4] [CLASS Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS Class M-4] [CLASS Class M-5] [CLASS Class M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS Class B-3] [Class B-4] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer Servicers or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx Morgan Stanley ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage ServicesXxxxxx Xxxxxxxal, Inc., as a servicer ("Master Financial"), Saxon Mortgage Services Inc., as a servicer ("Saxon" and together with Master Financial, the "ServicerServicers"), IXIS Real Estate Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo JPMorgan Chase Bank, National Association, as securities administrator administrator, master servicer and master backup servicer (in each such capacity, respectively, the "Securities Administrator", the "Master Servicer" and the "Master Backup Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated by an authorized signatory of the Securities Administrator. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6M-3-1/B-1-1/B-2-1/B-3-1] Cut-off Date : January August 1, 2007 2004 First Distribution Date : February 26September 25, 2007 2004 Initial Certificate Balance of this Certificate ("Denomination") : Initial Certificate Balances of all Certificates of this Class : CUSIP : ISIN : XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007CDC Mortgage Capital Trust 2004-HE1 MORTGAGE PASSHE3 Mortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2004-HE1 HE3 [CLASS A-1Class A1] [CLASS A-2Class A2] [CLASS A-3] [CLASS A-4] [CLASS Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS Class B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. ., is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage Services, Inc.Countrywide Home Loans Servicing LP, as servicer ("Saxon" and the "Servicer"), IXIS Real Estate CDC Mortgage Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), Deutsche Bank National Trust Company, as custodian, and JPMorgan Chase Bank, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated by an authorized signatory of the Securities AdministratorTrustee. * * ***

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1M-1-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3-1] Cut-off Date : January July 1, 2007 2002 First Distribution Date : February 26August 25, 2007 2002 Initial Certificate Balance of this Certificate ("DenominationDENOMINATION") : A $328,101,000 M-1 $27,342,000 M-2 $21,266,000 B-1 $16,810,000 B-2 $6,481,000 Initial Certificate Balances of all Certificates of this Class : A $328,101,000 M-1 $27,342,000 M-2 $21,266,000 B-1 $16,810,000 B-2 $6,481,000 CUSIP : ISIN : XXXXXX XXXXXXX A 12506YAK5 M-1 12506YAL3 M-2 12506AM1 B-1 12506YAN9 B-2 12506YAP4 XXXXAN STANLEY ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007CDC Mortgage Capixxx Xxuxx 0000-HE1 MORTGAGE PASSHE2 Mortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2002-HE1 HE2 [CLASS A-1] [CLASS A-2] [CLASS A-3] [CLASS A-4] [CLASS Class A][Class M-1] [CLASS M-2] [CLASS M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS B-1] [CLASS Class M-2][Class B-1][Class B-2] [CLASS B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "AgreementAGREEMENT") among Xxxxxx Xxxxxxx MORGAN STANLEY ABS Capital CAPITAL I Inc.INC., as depositor (the "DepositorDEPOSITOR"), Saxon Mortgage Services, Inc.Ocwen Fexxxxx Bxxx XXX, as servicer ("Saxon" and the "ServicerSERVICER"), IXIS Real Estate CDC Mortgage Capital Inc., as unaffiliated seller (the "Unaffiliated SellerUNAFFILIATED SELLER"), ) and Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master ServicerTRUSTEE"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated countersigned by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1M-1-1/M-2-1/ 1/M-3-1/M-4-1/M-5-1/M-6-1/1/ B-1-1/B-2-1/B-3-1] Cut-off Date : January March 1, 2007 2003 First Distribution Date : February 26April 25, 2007 2003 Initial Certificate Balance of this Certificate ("Denomination") : A-1 $200,000,000 A-2 $335,060,000 M-1 $39,635,000 M-2 $36,331,000 M-3 $9,578,000 B-1 $18,166,000 B-2 $11,230,000 Initial Certificate Balances of all Certificates of this Class : A-1 $200,000,000 A-2 $335,060,000 M-1 $39,635,000 M-2 $36,331,000 M-3 $9,578,000 B-1 $18,166,000 B-2 $11,230,000 CUSIP : ISIN : A-1 00000XXX0 M-1 00000XXX0 M-2 00000XXX0 M-3 00000XXX0 B-1 00000XXX0 XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007CDC Mortgage Capital Trust 2003-HE1 MORTGAGE PASSMortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2003-HE1 [CLASS Class A-1] [CLASS Class A-2] [CLASS A-3] [CLASS A-4] [CLASS Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx XXXXXX XXXXXXX ABS Capital CAPITAL I Inc.INC., as depositor (the "Depositor"), Saxon Mortgage Services, Inc.Fairbanks Capital Corp., as servicer ("Saxon" and the "Servicer"), IXIS Real Estate CDC Mortgage Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), ) and Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated countersigned by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-11/M-1-1/M-2-1/ M-31/M -3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3B- 3-1] Cut-off Date : January February 1, 2007 2005 First Distribution Date : February 26March 25, 2007 2005 Initial Certificate Balance of this Certificate ("Denomination") : Initial Certificate Balances of all Certificates of this Class : CUSIP : ISIN : XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007Real Estate Capital Trust 2005-HE1 MORTGAGE PASSMortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2005-HE1 [CLASS Class A-1] [CLASS Class A-2] [CLASS Class A-3] [CLASS A-4] [CLASS Class A-4][Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS Class M-4] [CLASS Class M-5] [CLASS Class M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS Class B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. ., is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage Services, Inc.Countrywide Home Loans Servicing LP, as servicer ("Saxon" and the "Servicer"), IXIS Real Estate Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), Deutsche Bank National Trust Company, as custodian and as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1-1/M-2-1/ M-31/M- 3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3B-3- 1/B-4-1] Cut-off Date : January May 1, 2007 2006 First Distribution Date : February June 26, 2007 2006 Initial Certificate Balance of this Certificate ("Denomination") : Initial Certificate Balances of all Certificates of this Class : CUSIP : ISIN : XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007Real Estate Capital Trust 2006-HE1 MORTGAGE PASSHE2 Mortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2006-HE1 HE2 [CLASS Class A-1] [CLASS Class A-2] [CLASS Class A-3] [CLASS Class A-4] [CLASS Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS Class M-4] [CLASS Class M-5] [CLASS Class M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS Class B-3] [Class B-4] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer Servicers or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage ServicesMaster Financial, Inc., as a servicer ("Master Financial"), Saxon Mortgage Services Inc., as a servicer ("Saxon" and together with Master Financial, the "ServicerServicers"), IXIS Real Estate Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo JPMorgan Chase Bank, National Association, as securities administrator administrator, master servicer and master backup servicer (in each such capacity, respectively, the "Securities Administrator", the "Master Servicer" and the "Master Backup Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated by an authorized signatory of the Securities Administrator. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-11/A-MZ- 1/M-1-1/M-2-1/ 1/M-3-1/M-4-1/M-5-M-5- 1/M-6-1/B-1-1/B-2-1/B-3-1] Cut-off Date : January May 1, 2007 2005 First Distribution Date : February 26June 25, 2007 2005 Initial Certificate Balance of this Certificate ("Denomination") : Initial Certificate Balances of all Certificates of this Class : CUSIP : ISIN : XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007Real Estate Capital Trust 2005-HE1 MORTGAGE PASSHE2 Mortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2005-HE1 HE2 [CLASS Class A-1] [CLASS Class A-2] [CLASS Class A-3] [CLASS Class A-4] [CLASS Class A-MZ] [Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS Class M-4] [CLASS Class M-5] [CLASS Class M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS Class B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. ., is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage Services, Inc.Countrywide Home Loans Servicing LP, as servicer ("Saxon" and the "Servicer"), IXIS Real Estate Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo JPMorgan Chase Bank, National AssociationN.A., as securities administrator and master servicer trustee (in each such capacity, respectively, the "Securities Administrator" and the "Master ServicerTrustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1M-1-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6-M-3- 1/B-1-1/B-2-1/B-3-1] Cut-off Date : January May 1, 2007 2003 First Distribution Date : February 26June 25, 2007 2003 Initial Certificate Balance of this Certificate ("Denomination") : A $557,072,000 M-1 $41,137,000 M-2 $37,710,000 M-3 $11,998,000 B-1 $10,285,000 B-2 $7,884,000 B-3 $8,914,000 Initial Certificate Balances of all Certificates of this Class : A $557,072,000 M-1 $41,137,000 M-2 $37,710,000 M-3 $11,998,000 B-1 $10,285,000 B-2 $7,884,000 B-3 $8,914,000 CUSIP : ISIN : A 00000X XX 0 M-2 12506Y BF 5 M-3 12506Y BG 3 XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007CDC Mortgage Capital Trust 2003-HE1 MORTGAGE PASSHE2 Mortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2003-HE1 HE2 [CLASS A-1Class A] [CLASS A-2] [CLASS A-3] [CLASS A-4] [CLASS Class M-1] [CLASS Class M-2] [CLASS Class M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS Class B-1] [CLASS Class B-2] [CLASS Class B-3] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any Originator, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx ABS Capital I Inc., as depositor (the "Depositor"), Saxon Mortgage Services, Inc.Ocwen Federal Bank FSB, as servicer ("Saxon" and the "Servicer"), IXIS Real Estate CDC Mortgage Capital Inc., as unaffiliated seller (the "Unaffiliated Seller"), ) and Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated countersigned by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. [A-1-1/A-2-1/A-3-1/A-4-1//M-1M-1-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3-1B] Cut-off Date : January November 1, 2007 2001 First Distribution Date : February December 26, 2007 2001 Initial Certificate Balance of this Certificate ("Denomination") : A $168,100,000 M-1 $ 13,325,000 M-2 $ 10,250,000 B $ 10,250,000 Initial Certificate Balances of all Certificates of this Class : A $168,000,000 M-1 $ 13,325,000 M-2 $ 10,250,000 B $ 10,250,000 CUSIP : ISIN : A 00000XXX0 M-1 00000XXX0 M-2 00000XXX0 B 00000XXX0 XXXXXX XXXXXXX ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007CDC Mortgage Capital Trust 2001-HE1 MORTGAGE PASSMortgage Pass-THROUGH CERTIFICATESThrough Certificates, SERIES 2007Series 2001-HE1 [CLASS A-1] [CLASS A-2] [CLASS A-3] [CLASS A-4] [CLASS M-1] [CLASS M-2] [CLASS M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS B-1] [CLASS B-2] [CLASS B-3Class A-][Class M-][Class B] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated Seller, the Securities Administrator, the Master Servicer, any OriginatorResponsible Party, the Servicer or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "AgreementAGREEMENT") among Xxxxxx Xxxxxxx XXXXXX XXXXXXX ABS Capital CAPITAL I Inc.INC., as depositor (the "DepositorDEPOSITOR"), Saxon Mortgage Services, Inc.Ocwen Federal Bank FSB, as servicer ("Saxon" and the "ServicerSERVICER"), IXIS Real Estate CDC Mortgage Capital Inc., as unaffiliated seller (the "Unaffiliated SellerUNAFFILIATED SELLER"), Deutsche Bank National BNC Mortgage, Inc. and Impac Funding Corporation, as responsible parties (the "RESPONSIBLE PARTIES") and Bankers Trust CompanyCompany of California, N.A., as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master ServicerTRUSTEE"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated countersigned by an authorized signatory of the Securities AdministratorTrustee. * * *

Certificate No. A-1-[A-1-1/A-2-1/A-3-1/A-4-1//M-1-1/M-2-1/ M-3-1/M-4-1/M-5-1/M-6-1/B-1-1/B-2-1/B-3-1__] A-2-[__] A-3-[__] A-4-[__] M-1-[__] M-2-[__] M-3-[__] B-1-[__] B-2-[__] B-3-[__] Cut-off Date : January June 1, 2007 2004 First Distribution Date : February July 26, 2007 2004 Initial Certificate Balance of this Certificate ("Denomination") : $ -------------- Initial Certificate [A-1] [$629,111,000] Balances of all [A-2] [$150,000,000] Certificates of this Class : CUSIP : ISIN : XXXXXX XXXXXXX [A-3] [$287,568,000] [A-4] [$100,300,000] [M-1] [$90,045,000] [M-2] [$75,637,000] [M-3] [$25,213,000] [B-1] [$18,009,000] [B-2] [$18,009,000] [B-3] [$18,009,000] MORGAN STANLEY ABS CAPITAL I INC. IXIS REAL ESTATE CAPITAL TRUST 2007Morgan Stanley XXX Xxpxxxx X Inc. Trust 2004-HE1 MORTGAGE PASSHE4 Moxxxxxx Xxxx-THROUGH CERTIFICATESXxrough Certificates, SERIES 2007Series 2004-HE1 HE4 [CLASS A-1] [CLASS A-2] [CLASS A-3] [CLASS A-4] [CLASS M-1] [CLASS M-2] [CLASS M-3] [CLASS M-4] [CLASS M-5] [CLASS M-6] [CLASS B-1] [CLASS B-2] [CLASS B-3Class A-][Class M-][Class B-] evidencing a percentage interest in the distributions allocable to the Certificates of the above-referenced Class. Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Balance at any time may be less than the Certificate Balance as set forth herein. This Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Unaffiliated SellerAccredited, the Securities Administrator, the Master Servicer, any Originator, the Servicer Chase or the Trustee referred to below or any of their respective affiliates. Neither this Certificate nor the Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality. This certifies that CEDE & CO. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the denomination of this Certificate by the aggregate of the denominations of all Certificates of the Class to which this Certificate belongs) in certain monthly distributions pursuant to a Pooling and Servicing Agreement dated as of the Cut-off Date specified above (the "Agreement") among Xxxxxx Xxxxxxx Morgan Stanley ABS Capital I Inc., as depositor (the "Depositor"), Saxon Xxxxx Xxxxxxxan Mortgage Services, Inc.Corporation, as servicer ("Saxon" and the "ServicerChase"), IXIS Real Estate Countrywide Home Loans Servicing LP, as servicer ("Countrywide"), HomEq Servicing Corporation, as servicer ("HomEq"), Aames Capital Corporation, as a responsible party ("Aames"), Accredited Home Lenders, Inc., as unaffiliated seller a responsible party (the "Unaffiliated SellerAccredited"), NC Capital Corporation, as a responsible party ("NC Capital") and Deutsche Bank National Trust Company, as trustee and custodian (in each such capacity, respectively, the "Trustee" and the "Custodian") and Xxxxx Fargo Bank, National Association, as securities administrator and master servicer (in each such capacity, respectively, the "Securities Administrator" and the "Master Servicer"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually authenticated by an authorized signatory of the Securities AdministratorTrustee. * * *