Structured Adjustable Rate Mortgage Loan Trust Series 2007-2 Sample Contracts

AURORA LOAN SERVICES LLC, as Servicer LEHMAN BROTHERS HOLDINGS INC., as Seller and AURORA LOAN SERVICES LLC as Master Servicer Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2007-2 SERVICING AGREEMENT Dated...
Servicing Agreement • March 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-2 • Asset-backed securities • New York

THIS SERVICING AGREEMENT (this “Agreement”), entered into as of the 1st day of February, 2007, 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) and acknowledged by WELLS FARGO BANK, N.A., as Trustee under the Trust Agreement, recites and provides as follows:

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RECONSTITUTED SERVICING AGREEMENT
Reconstituted Servicing Agreement • March 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-2 • Asset-backed securities • New York
Lehman Brothers Bank, FSB,
Assignment and Assumption • March 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-2 • 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”).

LEHMAN BROTHERS HOLDINGS INC., SELLER and STRUCTURED ASSET SECURITIES CORPORATION, PURCHASER MORTGAGE LOAN SALE AND ASSIGNMENT AGREEMENT Dated as of February 1, 2007 Structured Adjustable Rate Mortgage Loan Trust (Mortgage Pass- Through Certificates,...
Loan Purchase Agreement • March 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-2 • Asset-backed securities • New York

This MORTGAGE LOAN SALE AND ASSIGNMENT AGREEMENT, dated as of February 1, 2007 (the “Agreement”), is executed by and between Lehman Brothers Holdings Inc. (the “Seller”) and Structured Asset Securities Corporation (the “Depositor”).

Reference is made to that certain Correspondent Servicing Agreement, dated as of March 7, 2002, as amended by that certain Amendment Reg AB to the Correspondent Servicing Agreement (the “Servicing Agreement”) annexed as Exhibit B, among Colonial...
Structured Adjustable Rate Mortgage Loan Trust Series 2007-2 • March 15th, 2007 • Asset-backed securities

Actual eviction complete date DATE(MM/DD/YYYY) Actual date that the eviction proceedings are completed by local counsel.

STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-2 TERMS AGREEMENT
Terms Agreement • March 15th, 2007 • Structured Adjustable Rate Mortgage Loan Trust Series 2007-2 • Asset-backed securities

Terms of the Series 2007-2 Certificates: Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2007-2, Class 1-A1, Class 1-A2, Class 1-A-3, Class 2-A1, Class 2-A2, Class 2-AX, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class B1-II, Class B2-II, Class B3-II, Class B4-II, Class B5-II, Class B6-II, Class P-I, Class P-II, Class X, Class C, Class R-I and Class R-II (the “Certificates”) will evidence, in the aggregate, the entire beneficial ownership interest in a trust fund (the “Trust Fund”). The primary assets of the Trust Fund on the Closing Date (as defined below) will consist primarily of two pools of conventional, first lien, adjustable rate, fully amortizing, residential mortgage loans having a total Scheduled Principal Balance (as defined in the Trust Agreement) as of the Cut-off Date of $554,317,280.57 (the “Mortgage Loans”). Only the Class 1-A1, Class 1-A2, Class 2-A3, Class 2-A1, Class 2-A2, Class 2-AX, Class M

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