Structured Asset Sec Corp Mort Pass Thr Cert Ser 2001-11 Sample Contracts

Structured Asset Sec Corp Mort Pass Thr Cert Ser 2001-11 – TRUST AGREEMENT (August 13th, 2001)

EXECUTION STRUCTURED ASSET SECURITIES CORPORATION, as Depositor, AURORA LOAN SERVICES INC., as Master Servicer, and WELLS FARGO BANK MINNESOTA, N.A., as Trustee --------------------------- TRUST AGREEMENT Dated as of July 1, 2001 --------------------------- STRUCTURED ASSET SECURITIES CORPORATION MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2001-11 TABLE OF CONTENTS Page

Structured Asset Sec Corp Mort Pass Thr Cert Ser 2001-11 – TERMS AGREEMENT (August 13th, 2001)

STRUCTURED ASSET SECURITIES CORPORATION MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2001-11 TERMS AGREEMENT --------------- Dated: July 27, 2001 To: Structured Asset Securities Corporation, as Depositor, under the Trust Agreement dated as of July 1, 2001 (the "Trust Agreement"). Re: Underwriting Agreement Standard Terms dated as of April 16, 1996 (the "Standard Terms," and together with this Terms Agreement, the "Agreement"). Series Designation: Series 2001-11. ------------------ Terms of the Series 2001-11 Certificates: Structured Asset Securities Corporation, Series 2001-11 Mortgage Pass-Through Certificates, Class 1-A1, Class 1-A2, Class 1-A3, Class 1-A5, Class 1-A6, Class 1-A7, Class 1-A8, Class 1-A9, Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A5, Class 2-AP, Class A4, C

Structured Asset Sec Corp Mort Pass Thr Cert Ser 2001-11 – CERTIFICATE GUARANTY INSURANCE POLICY (August 13th, 2001)

CERTIFICATE GUARANTY INSURANCE POLICY OBLIGATIONS: Structured Asset Securities Corporation POLICY NUMBER: 35851 Mortgage Pass-Through Certificates, Series 2001-11 $19,500,000 Class A4 Certificates MBIA Insurance Corporation (the "Insurer"), in consideration of the payment of the premium and subject to the terms of this Certificate Guaranty Insurance Policy (this "Policy"), hereby unconditionally and irrevocably guarantees to any Owner that an amount equal to each full and complete Insured Payment will be received by Wells Fargo Bank Minnesota, National Association, or its successor, as trustee for the Owners (the "Trustee"), on behalf of the Owners from the Insurer, for distribution by the Trustee to each Owner of each Owner's proportionate share of the Insured Payment. The Insurer's obligations hereunder with respect to a particular Insured Payment shall be discharged to the extent funds equal to the applicable I