STRUCTURED ASSET MORTGAGE INVESTMENTS II TRUST 2005-F3
Pass-Through Certificates, Series 2005-F3
Dated: as of November 28, 2005
|To:||STRUCTURED ASSET MORTGAGE INVESTMENTS II INC|
|Re:||Underwriting Agreement dated July 29, 2003|
|Underwriter:||Bear, Stearns & Co. Inc.|
|Series Designation:||Series 2005-F3|
Class Designation Schedule of the Certificates:
Terms of the Certificates:
Original Principal Amount
LIBOR plus 0.45% with a maximum
rate of the available funds Cap and a
minimum rate of 0.45%
1 The interest rate is more fully described in the Prospectus Supplement, dated the date hereof, relating to the Certificates.
The Certificates purchased by the Underwriter will be offered from time to time by the Underwriter in one or more negotiated transactions or otherwise, at varying prices to be determined at the time of sale.
Defined Terms: Terms not otherwise defined herein shall have the meanings given to such terms in the Pooling Agreement dated as of November 30, 2005 between Structured Asset Mortgage Investments II Inc., as depositor, and U.S. Bank National Association, as trustee.
Form of Certificates Being Purchased by the Underwriter: Book-Entry.
Distribution Dates: With respect to the Class FA Certificates, the first Business Day following the 15th day of each month (or, if the 15th day is not a Business Day, the second Business Day following the 15th Business Day of each month), beginning in December 2005.
Certificate Rating for the Certificates Being Purchased by the Underwriters:
Pooled Certificates: The Pooled Certificates to be included in the Trust are as described in Annex A hereto.
Purchase Price: The aggregate purchase price payable by the Underwriter for the Certificates covered by this Agreement will be $75,000,000.
Credit Enhancement: None.
Closing Date: November 30, 2005
Waiver: Without affecting the enforceability or effectiveness of the Underwriting Agreement in accordance with its terms, the parties hereto waive any conditions or obligations of the Underwriter set forth in Sections 6(a) and (b) and Section 8(b) of such Underwriting Agreement with respect to this series Terms Agreement only.
The undersigned, as the Underwriter, agrees, subject to the terms and provisions of the above-referenced Underwriting Agreement, which is incorporated herein in its entirety and made a part hereof, to purchase the respective principal amounts of the Classes of the above-referenced Series of Certificates as set forth herein.
BEAR, STEARNS & CO. INC.
By: /s/ Joshua Weintraub
Name: Joshua Weintraub
Title: Senior Managing Director
STRUCTURED ASSET MORTGAGE
INVESTMENTS II INC.
By: /s/ Sara Bonesteel
Name: Sara Bonesteel
Title: Vice President
List of Pooled Certificates
Federal Home Loan Mortgage Corporation Multiclass Certificates, Series 3074, Class CF