Common use of Certificate No Clause in Contracts

Certificate No. 1 Cut-off Date : August 1, 2004 First Distribution Date : September 27, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 Class : M-3 Assumed Maturity Date : August 2034 Finance America Mortgage Loan Trust 2004-2 Asset-Backed Certificates, Series 2004-2 Class M-3 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable rate and fixed rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 Certificate (obtained by dividing the Denomination of this Class M-3 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing Corporation, as servicer (the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 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 Class M-3 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August 1, 2004 First Distribution Date : September 27, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 10,581,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 10,581,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 BK 1 Class : M-3 M-7 Assumed Maturity Date : August 2034 Finance America Mortgage Loan Trust 2004-2 Asset-Backed Certificates, Series 2004-2 Class M-3 M-7 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable rate and fixed rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 M-7 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 M-7 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 M-7 Certificate (obtained by dividing the Denomination of this Class M-3 M-7 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing Corporation, as servicer (the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 M-7 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 M-7 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 M-7 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 Class M-3 M-7 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August 1, 2004 First Distribution Date : September 27, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 14,108,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 14,108,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 BH 8 Class : M-3 M-5 Assumed Maturity Date : August 2034 Finance America Mortgage Loan Trust 2004-2 Asset-Backed Certificates, Series 2004-2 Class M-3 M-5 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable rate and fixed rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 M-5 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 M-5 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 M-5 Certificate (obtained by dividing the Denomination of this Class M-3 M-5 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing Corporation, as servicer (the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 M-5 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 M-5 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 M-5 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 Class M-3 M-5 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August 1, 2004 First Distribution Date : September 27, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 12,344,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 12,344,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 BJ 4 Class : M-3 M-6 Assumed Maturity Date : August 2034 Finance America Mortgage Loan Trust 2004-2 Asset-Backed Certificates, Series 2004-2 Class M-3 M-6 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable rate and fixed rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 M-6 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 M-6 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 M-6 Certificate (obtained by dividing the Denomination of this Class M-3 M-6 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing Corporation, as servicer (the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 M-6 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 M-6 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 M-6 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 Class M-3 M-6 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August July 1, 2004 First Distribution Date : September 27August 25, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 80,000,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 80,000,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 100000 XX 9 Class : M-3 A-1 Assumed Maturity Date : August July 25, 2034 Finance America Mortgage CHEC Loan Trust 2004-2 1 Asset-Backed Certificates, Series 2004-2 1 Class M-3 A-1 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable and second lien adjustable-rate and fixed fixed-rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 A-1 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 A-1 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 A-1 Certificate (obtained by dividing the Denomination of this Class M-3 A-1 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August July 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing CorporationCentex Home Equity Company, LLC, as servicer (the "Servicer"), and Deutsche Bank National Trust CompanyJPMorgan Chase Bank, a national New York banking associationcorporation, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 A-1 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 A-1 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 A-1 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 Class M-3 A-1 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August October 1, 2004 2000 First Distribution Date : September November 27, 2004 2000 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 $462,026,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 $462,026,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 [__________] Class : M-3 A Assumed Maturity Date : August 2034 Finance America 2030 First Franklin Mortgage Loan Trust 20042000-2 FF1 Asset-Backed Certificates, Series 20042000-2 FF1 Class M-3 A evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien and second lien, fixed and adjustable rate and fixed rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP.CORPORATION, as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 A Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 A Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Master Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 A Certificate (obtained by dividing the Denomination of this Class M-3 A Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. Corporation (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August October 1, 2004 2000 (the "Agreement") among the Depositor, HomEq Servicing Option One Mortgage Corporation, as master servicer (the "Master Servicer"), and Deutsche Wells Fargo Bank National Trust CompanyMinnesota, N.A., a national xxxxxnal banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 A Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 A Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 A 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 Class M-3 A Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August 1, 2004 First Distribution Date : September 27, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 22,925,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 22,925,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 BE 5 Class : M-3 M-2 Assumed Maturity Date : August 2034 Finance America Mortgage Loan Trust 2004-2 Asset-Backed Certificates, Series 2004-2 Class M-3 M-2 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable rate and fixed rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 M-2 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 M-2 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 M-2 Certificate (obtained by dividing the Denomination of this Class M-3 M-2 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing Corporation, as servicer (the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 M-2 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 M-2 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 M-2 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 Class M-3 M-2 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August 1, 2004 First Distribution Date : September 27, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 26,452,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 26,452,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 BD 7 Class : M-3 M-1 Assumed Maturity Date : August 2034 Finance America Mortgage Loan Trust 2004-2 Asset-Backed Certificates, Series 2004-2 Class M-3 M-1 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable rate and fixed rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 M-1 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 M-1 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 M-1 Certificate (obtained by dividing the Denomination of this Class M-3 M-1 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing Corporation, as servicer (the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 M-1 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 M-1 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 M-1 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 Class M-3 M-1 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August 1, 2004 First Distribution Date : September 27, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 10,581,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 10,581,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 BL 9 Class : M-3 M-8 Assumed Maturity Date : August 2034 Finance America Mortgage Loan Trust 2004-2 Asset-Backed Certificates, Series 2004-2 Class M-3 M-8 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable rate and fixed rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 M-8 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 M-8 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 M-8 Certificate (obtained by dividing the Denomination of this Class M-3 M-8 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing Corporation, as servicer (the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 M-8 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 M-8 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 M-8 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 Class M-3 M-8 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.

Certificate No. 1 Cut-off Date : August 1, 2004 First Distribution Date : September 27, 2004 Initial Certificate Principal Balance of this Certificate ("Denomination") : $ 15,871,000.00 $17,689,000.00 Original Class Certificate Principal Balance of this Class : $ 15,871,000.00 $17,689,000.00 Percentage Interest : 100.00% Pass-Through Rate : Variable CUSIP : 317350 BF 2 [___] Class : M-3 M-4 Assumed Maturity Date : August 2034 Finance America January 2035 Meritage Mortgage Loan Trust 2004-2 Asset-Backed Certificates, Series 2004-2 Class M-3 M-4 evidencing the Percentage Interest in the distributions allocable to the Certificates of the above-referenced Class with respect to the Trust consisting of first lien adjustable and second lien adjustable- rate and fixed fixed- rate mortgage loans (the "Mortgage Loans") FINANCIAL ASSET SECURITIES CORP., as Depositor Principal in respect of this Certificate is distributable monthly as set forth herein. Accordingly, the Certificate Principal Balance of this Class M-3 M-4 Certificate at any time may be less than the Initial Certificate Principal Balance set forth on the face hereof, as described herein. This Class M-3 M-4 Certificate does not evidence an obligation of, or an interest in, and is not guaranteed by the Depositor, the Servicer, or the Trustee referred to below or any of their respective affiliates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Class M-3 M-4 Certificate (obtained by dividing the Denomination of this Class M-3 M-4 Certificate by the Original Class Certificate Principal Balance) in certain monthly distributions with respect to a Trust consisting primarily of the Mortgage Loans deposited by Financial Asset Securities Corp. (the "Depositor"). The Trust was created pursuant to a Pooling and Servicing Agreement dated as of August 1, 2004 (the "Agreement") among the Depositor, HomEq Servicing CorporationSaxon Mortgage Services, Inc., as servicer (the "Servicer"), and Deutsche Bank National Trust Company, a national banking association, as trustee (the "Trustee"). To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Class M-3 M-4 Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Class M-3 M-4 Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any person using Plan Assets to acquire this Certificate shall be made except in accordance with Section 5.02(d) of the Agreement. Reference is hereby made to the further provisions of this Class M-3 M-4 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 Class M-3 M-4 Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose unless manually countersigned by an authorized signatory of the Trustee.