Structured Adjustable Rate Mortgage Loan Trust Series 2006-11 Sample Contracts

Lehman Brothers Bank, FSB, Purchaser and Countrywide Home Loans, Inc., Company
Assignment and Assumption • December 15th, 2006 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-11 • Asset-backed securities • New York

This is a Flow Seller’s Warranties and Servicing Agreement for conventional residential first lien mortgage loans, dated and effective as of June 1, 2004, and is executed between Lehman Brothers Bank, FSB, as purchaser (the “Purchaser”), and Countrywide Home Loans, Inc., as seller and servicer (the “Company”).

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Loan Purchase Agreement • December 15th, 2006 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-11 • Asset-backed securities • New York
RECONSTITUTED SERVICING AGREEMENT
Reconstituted Servicing Agreement • December 15th, 2006 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-11 • Asset-backed securities • New York
AURORA LOAN SERVICES LLC, as Servicer LEHMAN BROTHERS HOLDINGS INC., as Seller and AURORA LOAN SERVICES LLC as Master Servicer
Servicing Agreement • December 15th, 2006 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-11 • Asset-backed securities • New York

THIS SERVICING AGREEMENT (this “Agreement”), entered into as of the 1st day of November, 2006, by and between LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation (the “Seller”), AURORA LOAN SERVICES LLC, a Delaware limited liability company (the “Servicer”), and AURORA LOAN SERVICES LLC, as Master Servicer under the Trust Agreement (as defined herein) recites and provides as follows:

STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-11 TERMS AGREEMENT
Terms Agreement • December 15th, 2006 • Structured Adjustable Rate Mortgage Loan Trust Series 2006-11 • Asset-backed securities

To: Structured Asset Securities Corporation, as Depositor under the Trust Agreement dated as of November 1, 2006 (the “Trust Agreement”).

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