Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 Sample Contracts

Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 – LEHMAN BROTHERS HOLDINGS INC., SELLER and STRUCTURED ASSET SECURITIES CORPORATION, PURCHASER MORTGAGE LOAN SALE AND ASSIGNMENT AGREEMENT Dated as of September 1, 2003 Structured Asset Investment Loan Trust 2003-BC10 (Mortgage Pass-Through Certificates Series 2003-BC10) (October 10th, 2003)
Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 – OPTION ONE MORTGAGE CORPORATION, as Servicer and AURORA LOAN SERVICES INC., as Master Servicer and LEHMAN BROTHERS HOLDINGS INC., as Seller Structured Asset Securities Corporation Structured Asset Investment Loan Trust Mortgage Pass- Through Certificates, Series 2003-BC10 SUBSERVICING AGREEMENT Dated as of September 1, 2003 (October 10th, 2003)
Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 – Mortgage Guaranty Insurance Corporation 250 E. Kilbourn Avenue P.O. Box 488, Milwaukee, Wisconsin 53201-0488 MGIC (October 10th, 2003)

Mortgage Guaranty Insurance Corporation (a stock insurance company hereinafter called the "Company") agrees to pay to the Insured identified below, in consideration of the premium or premiums to be paid as specified in this Policy and in reliance on the Insured's Application for coverage under this Policy any Loss due to the Default by a Borrower on a Loan, subject to the terms and conditions in this Policy.

Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 – STRUCTURED ASSET SECURITIES CORPORATION, as Depositor, AURORA LOAN SERVICES INC., as Master Servicer, WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as Securities Administrator, THE MURRAYHILL COMPANY, as Credit Risk Manager, and LASALLE BANK NATIONAL ASSOCIATION, as Trustee TRUST AGREEMENT Dated as of September 1, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2003-BC10 (October 10th, 2003)
Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 – Ocwen Federal Bank FSB, as Servicer Lehman Brothers Holdings Inc., as Seller and Aurora Loan Services Inc., as Master Servicer Structured Asset Securities Corporation Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2003-BC10 SECURITIZATION SERVICING AGREEMENT Dated as of September 1, 2003 (October 10th, 2003)
Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 – MBIA INSURANCE CORPORATION, as Insurer LEHMAN BROTHERS HOLDINGS INC., as Seller STRUCTURED ASSET SECURITIES CORPORATION, as Depositor and LASALLE BANK NATIONAL ASSOCIATION, as Trustee INSURANCE AGREEMENT Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2003-BC10 $50,000,000 Class 3-A3 Certificates Dated as of September 1, 2003 (October 10th, 2003)

THIS INSURANCE AGREEMENT is made as of September 1, 2003 by and among MBIA INSURANCE CORPORATION (the “Insurer”), LEHMAN BROTHERS HOLDINGS INC., as Seller (“Seller”), STRUCTURED ASSET SECURITIES CORPORATION, as Depositor (the “Depositor”), and LASALLE BANK NATIONAL ASSOCIATION, a national banking association, in its capacity as trustee under the Trust Agreement and not individually (the “Trustee”).

Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 – OPTION ONE MORTGAGE CORPORATION, as Servicer and AURORA LOAN SERVICES INC., as Master Servicer and LEHMAN BROTHERS HOLDINGS INC., as Seller Structured Asset Securities Corporation Structured Asset Investment Loan Trust Mortgage Pass- Through Certificates, Series 2003-BC10 SERVICING AGREEMENT (for Option One Servicing–Retained Mortgage Loans) Dated as of September 1, 2003 (October 10th, 2003)

THIS SERVICING AGREEMENT (this “Agreement”), entered into as of the 1st day of September, 2003, by and among LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation (“LBH” or the “Seller”), OPTION ONE MORTGAGE CORPORATION, a California corporation (“the Servicer”), having its principal executive offices at 3 Ada, Irvine, California 92618, AURORA LOAN SERVICES INC., as Master Servicer (the “Master Servicer”), and acknowledged by LASALLE BANK NATIONAL ASSOCIATION, as trustee (the “Trustee”) under the Trust Agreement (as defined herein, with a copy attached hereto as Exhibit F), recites and provides as follows:

Structured Asset Sec Corp Mort Pas Thr Certs Ser 2003 Bc10 – CERTIFICATE GUARANTY INSURANCE POLICY (October 10th, 2003)

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 LaSalle Bank 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 Insured Payment are received by the Trustee, whether or not such funds are properly applied by the Trustee. Insured Payments shall be made only at the time set forth in this Policy, and no accelerated Insured Payments shall be made regardless of any acceleration of the Obligations, unl