Common use of CONCERNING THE GRANTOR TRUSTEE Clause in Contracts

CONCERNING THE GRANTOR TRUSTEE. 18 Section 7.01. DUTIES OF THE GRANTOR TRUSTEE....................................................18 Section 7.02. CERTAIN MATTERS AFFECTING THE GRANTOR TRUSTEE....................................20 Section 7.03. GRANTOR TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS....................21 Section 7.04. GRANTOR TRUSTEE MAY OWN CERTIFICATES.............................................21 Section 7.05. EXPENSES.........................................................................22 Section 7.06. ELIGIBILITY REQUIREMENTS FOR GRANTOR TRUSTEE.....................................22 Section 7.07. INSURANCE........................................................................22 Section 7.08. RESIGNATION AND REMOVAL OF THE GRANTOR TRUSTEE...................................22 Section 7.09. SUCCESSOR GRANTOR TRUSTEE........................................................23 Section 7.10. MERGER OR CONSOLIDATION OF GRANTOR TRUSTEE.......................................24 Section 7.11. APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE....................24 Section 7.12. FEDERAL INFORMATION RETURNS AND REPORTS TO CERTIFICATEHOLDERS; GRANTOR TRUST ADMINISTRATION.............................................................25 ARTICLE VIII TERMINATION...............................................................................28 Section 8.01. TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS................................................28 ARTICLE IX MISCELLANEOUS PROVISIONS..................................................................29 Section 9.01. INTENT OF PARTIES................................................................29 Section 9.02. ACTION UNDER UNDERLYING DOCUMENTS................................................29 Section 9.03. AMENDMENT........................................................................29

CONCERNING THE GRANTOR TRUSTEE. 18 21 Section 7.01. DUTIES OF THE GRANTOR TRUSTEE....................................................18 ..........................21 Section 7.02. CERTAIN MATTERS AFFECTING THE GRANTOR TRUSTEE....................................20 ..........22 Section 7.03. GRANTOR TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS....................21 .........................................23 Section 7.04. GRANTOR TRUSTEE MAY OWN CERTIFICATES.............................................21 ...................24 Section 7.05. EXPENSES.........................................................................22 ...............................................24 Section 7.06. ELIGIBILITY REQUIREMENTS FOR GRANTOR TRUSTEE.....................................22 TRUSTEE ..........24 Section 7.07. INSURANCE........................................................................22 ..............................................25 Section 7.08. RESIGNATION AND REMOVAL OF THE GRANTOR TRUSTEE...................................22 TRUSTEE ........25 Section 7.09. SUCCESSOR GRANTOR TRUSTEE........................................................23 ..............................26 Section 7.10. MERGER OR CONSOLIDATION OF GRANTOR TRUSTEE.......................................24 .............26 Section 7.11. APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE....................24 ........................................27 Section 7.12. FEDERAL INFORMATION RETURNS AND REPORTS TO CERTIFICATEHOLDERS; GRANTOR TRUST ADMINISTRATION.............................................................25 .......28 ARTICLE VIII TERMINATION...............................................................................28 ..................................................29 Section 8.01. TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS................................................28 ......29 ARTICLE IX MISCELLANEOUS PROVISIONS..................................................................29 .....................................30 Section 9.01. INTENT OF PARTIES................................................................29 ......................................30 Section 9.02. ACTION UNDER UNDERLYING DOCUMENTS................................................29 ......................30 Section 9.03. AMENDMENT........................................................................29..............................................30 Section 9.04. RECORDATION OF AGREEMENT...............................31 Section 9.05. LIMITATION ON RIGHTS OF CERTIFICATEHOLDERS.............31 Section 9.06. ACTS OF CERTIFICATEHOLDERS.............................32 Section 9.07. GOVERNING LAW..........................................33 Section 9.08. NOTICES................................................33 Section 9.09. SEVERABILITY OF PROVISIONS.............................34 Section 9.10. SUCCESSORS AND ASSIGNS.................................34 Section 9.11. ARTICLE AND SECTION HEADINGS...........................34 Section 9.12. COUNTERPARTS...........................................34 Section 9.13. NOTICE TO RATING AGENCIES..............................34 Section 9.14. ENFORCEMENT OF RIGHTS..................................34 Exhibit A GRANTOR TRUST CLASS III-A-1 CERTIFICATE Exhibit B COPY OF UNDERLYING CERTIFICATES Exhibit C SWAP AGREEMENT Exhibit D UNDERLYING POOLING AND SERVICING AGREEMENT GRANTOR TRUST AGREEMENT Grantor Trust Agreement, dated March 31, 2006, between Structured Asset Mortgage Investments II Inc., a Delaware corporation, as depositor (the "Depositor") and Xxxxx Fargo Bank, National Association, as grantor trustee (the "Grantor Trustee").

CONCERNING THE GRANTOR TRUSTEE. 18 Section 7.01. DUTIES OF THE GRANTOR TRUSTEE....................................................18 Section 7.02. CERTAIN MATTERS AFFECTING THE GRANTOR TRUSTEE....................................20 Section 7.03. GRANTOR TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS....................21 Section 7.04. GRANTOR TRUSTEE MAY OWN CERTIFICATES.............................................21 Section 7.05. EXPENSES.........................................................................22 Section 7.06. ELIGIBILITY REQUIREMENTS FOR GRANTOR TRUSTEE.....................................22 Section 7.07. INSURANCE........................................................................22 Section 7.08. RESIGNATION AND REMOVAL OF THE GRANTOR TRUSTEE...................................22 Section 7.09. SUCCESSOR GRANTOR TRUSTEE........................................................23 Section 7.10. MERGER OR CONSOLIDATION OF GRANTOR TRUSTEE.......................................24 Section 7.11. APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE....................24 Section 7.12. FEDERAL INFORMATION RETURNS AND REPORTS TO CERTIFICATEHOLDERS; GRANTOR TRUST ADMINISTRATION..................................................................................................................25 ARTICLE VIII TERMINATION...............................................................................28 Section 8.01. TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS................................................28 ARTICLE IX MISCELLANEOUS PROVISIONS..................................................................29 Section 9.01. INTENT OF PARTIES................................................................29 Section 9.02. ACTION UNDER UNDERLYING DOCUMENTS................................................29 Section 9.03. AMENDMENT........................................................................2929 Section 9.04. RECORDATION OF AGREEMENT.........................................................30 Section 9.05. LIMITATION ON RIGHTS OF CERTIFICATEHOLDERS.......................................30 Section 9.06. ACTS OF CERTIFICATEHOLDERS.......................................................31 Section 9.07. GOVERNING LAW....................................................................32 Section 9.08. NOTICES..........................................................................32 Section 9.09. SEVERABILITY OF PROVISIONS.......................................................33 Section 9.10. SUCCESSORS AND ASSIGNS...........................................................33 Section 9.11. ARTICLE AND SECTION HEADINGS.....................................................33 Section 9.12. COUNTERPARTS.....................................................................33 Section 9.13. NOTICE TO RATING AGENCIES........................................................33 Section 9.14. ENFORCEMENT OF RIGHTS............................................................33 Exhibit A FORM OF CERTIFICATES Exhibit B-1 COPY OF UNDERLYING CLASS I-A-3 CERTIFICATE Exhibit B-2 COPY OF UNDERLYING CLASS II-A-2B CERTIFICATE Exhibit C FORM OF SWAP AGREEMENT Exhibit D UNDERLYING POOLING AND SERVICING AGREEMENT GRANTOR TRUST AGREEMENT Grantor Trust Agreement, dated as of April 30, 2007, between Structured Asset Mortgage Investments II Inc., a Delaware corporation, as depositor (the "Depositor") and Xxxxx Fargo Bank, National Association, a national banking association, as grantor trustee (the "Grantor Trustee").

CONCERNING THE GRANTOR TRUSTEE. 18 17 Section 7.01. DUTIES OF THE GRANTOR TRUSTEE....................................................18 17 Section 7.02. CERTAIN MATTERS AFFECTING THE GRANTOR TRUSTEE....................................20 19 Section 7.03. GRANTOR TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS....................21 20 Section 7.04. GRANTOR TRUSTEE MAY OWN CERTIFICATES.............................................21 Section 7.05. EXPENSES.........................................................................22 21 Section 7.06. ELIGIBILITY REQUIREMENTS FOR GRANTOR TRUSTEE.....................................22 21 Section 7.07. INSURANCE........................................................................22 Section 7.08. RESIGNATION AND REMOVAL OF THE GRANTOR TRUSTEE...................................22 Section 7.09. SUCCESSOR GRANTOR TRUSTEE........................................................23 Section 7.10. MERGER OR CONSOLIDATION OF GRANTOR TRUSTEE.......................................24 23 Section 7.11. APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE....................24 23 Section 7.12. FEDERAL INFORMATION RETURNS AND REPORTS TO CERTIFICATEHOLDERS; GRANTOR TRUST ADMINISTRATION..................................................................................................................25 ARTICLE VIII TERMINATION...............................................................................28 26 Section 8.01. TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS................................................28 ARTICLE IX MISCELLANEOUS PROVISIONS..................................................................29 Section 9.01. INTENT OF PARTIES................................................................29 Section 9.02. ACTION UNDER UNDERLYING DOCUMENTS................................................29 Section 9.03. AMENDMENT........................................................................2926

CONCERNING THE GRANTOR TRUSTEE. 18 17 Section 7.01. DUTIES OF THE GRANTOR TRUSTEE....................................................18 17 Section 7.02. CERTAIN MATTERS AFFECTING THE GRANTOR TRUSTEE....................................20 18 Section 7.03. GRANTOR TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS....................21 20 Section 7.04. GRANTOR TRUSTEE MAY OWN CERTIFICATES.............................................21 20 Section 7.05. EXPENSES.........................................................................22 20 Section 7.06. ELIGIBILITY REQUIREMENTS FOR GRANTOR TRUSTEE.....................................22 21 Section 7.07. INSURANCE........................................................................22 21 Section 7.08. RESIGNATION AND REMOVAL OF THE GRANTOR TRUSTEE...................................22 21 Section 7.09. SUCCESSOR GRANTOR TRUSTEE........................................................23 22 Section 7.10. MERGER OR CONSOLIDATION OF GRANTOR TRUSTEE.......................................24 23 Section 7.11. APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE....................24 23 Section 7.12. FEDERAL INFORMATION RETURNS AND REPORTS TO CERTIFICATEHOLDERS; GRANTOR TRUST ADMINISTRATION.............................................................25 .....................................................24 ARTICLE VIII TERMINATION...............................................................................28 25 Section 8.01. TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS................................................28 25 ARTICLE IX MISCELLANEOUS PROVISIONS..................................................................29 26 Section 9.01. INTENT OF PARTIES................................................................29 26 Section 9.02. ACTION UNDER UNDERLYING DOCUMENTS................................................29 26 Section 9.03. AMENDMENT........................................................................26 Section 9.04. RECORDATION OF AGREEMENT.........................................................27 Section 9.05. LIMITATION ON RIGHTS OF CERTIFICATEHOLDERS.......................................28 Section 9.06. ACTS OF CERTIFICATEHOLDERS.......................................................28 Section 9.07. GOVERNING LAW....................................................................29 Section 9.08. NOTICES..........................................................................29