March 28, 2003
Colonial Savings, F.A.
0000 Xxxx Xxxxxxx
Xxxx Xxxxx, Xxxxx 00000
Attention: F. Xxxxx Xxxxxxx
Reference is made to that certain Correspondent Servicing Agreement,
dated as of June 26, 2002 (the "Servicing Agreement"), by and between the
Colonial Savings, F.A. (the "Servicer"), Xxxxxx Brothers Bank, FSB (the "Owner")
and Aurora Loan Services Inc. (the "Master Servicer"). This notice constitutes a
"Transfer Notice" as contemplated by Section 7.01 of the Servicing Agreement.
Capitalized terms used herein without definition and defined in the Servicing
Agreement are used herein as defined therein.
The Servicer is hereby notified that the Owner has effected a
Reconstitution with respect to the mortgage loans listed on the attached
schedule (the "Mortgage Loans"). The Servicer is hereby advised of the following
with respect to such Reconstitution and the related Mortgage Loans:
Effective Date of Reconstitution: March 28, 2003
Cut-Off Date: March 1, 2003
New Owner: JPMorgan Chase Bank, as trustee for the Structured Asset
Securities Corporation, Series 2003-9A Certificateholders
Master Servicer: Aurora Loan Services Inc.
The Servicer is also hereby advised that a REMIC election has been made
with respect to the Mortgage Loans subject to the Reconstitution.
By countersigning this notice and returning it to the Master Servicer
named above, the Servicer hereby acknowledges and agrees that, from and after
the Effective Date, the Servicer shall service the Mortgage Loans in accordance
with the terms of the Servicing Agreement for the benefit of the New Owner named
above, as the Owner of the Mortgage Loans. From and after the Effective Date,
the New Owner named above shall have the same rights under the Servicing
Agreement as the Initial Owner named therein with respect to the Mortgage Loans.
Notwithstanding anything to the contrary in the Servicing Agreement,
the Servicer shall provide the Annual Statement as to Compliance and the Annual
Independent Public Accountants' Servicing Report, as described in Section 6.04
and Section 6.05 of the Servicing Agreement, on or before the last day of
February of each year, beginning with February 28, 2004.
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For so long as a certificate under the Xxxxxxxx-Xxxxx Act of 2002, as
amended, ("Xxxxxxxx-Xxxxx") is required to be given on behalf of Structured
Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2003-9A
(the "Trust Fund,") no later than February 28th of each year (or if not a
Business Day, the immediately preceding Business Day), or at any other time that
the Master Servicer, Structured Asset Securities Corporation (the "Depositor")
or JPMorgan Chase Bank (the "Trustee") provides a certification pursuant to
Xxxxxxxx-Xxxxx and upon thirty (30) days written request of such parties, an
officer of the Servicer shall execute and deliver an Officer's Certificate to
the Master Servicer, the Trustee and the Depositor for the benefit of the Trust
Fund and the Master Servicer, the Trustee and the Depositor and their officers,
directors and affiliates, in the form of Exhibit A hereto.
[Signature Page Immediately Follows]
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XXXXXX BROTHERS BANK, FSB, as Owner
By:____________________________
Name: Xxxx Xxxxxx
Title: Vice President
Acknowledged by:
COLONIAL SAVINGS, F.A.,
as Servicer
By:_______________________________
Name:
Title:
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EXHIBIT A
Structured Asset Securities Corporation
745 7th Avenue, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Xxxxxx Loan Services, Inc.
0000 Xxxxx Xxxxxx Xxxx, Xxxxx 000X
Xxxxxx, Xxxxxxxx 00000
Re: Structured Asset Securities Corporation, Mortgage Pass-Through
Certificates, Series 2003-9A
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Reference is made to the Transfer Notice, dated as of March 28, 2003 (the
"Notice"), by and among Xxxxxx Brothers Bank, FSB, as owner and Colonial
Savings, F.A., as servicer (the "Servicer"). I, [identify the certifying
individual], a [title] of the Servicer, hereby certify to JPMorgan Chase Bank,
as trustee (the "Trustee"), Aurora Loan Services Inc., as master servicer (the
"Master Servicer") and Structured Asset Securities Corporation, as depositor
(the "Depositor"), and their respective officers, directors and affiliates, and
with the knowledge and intent that they will rely upon this certification, that:
1. I have reviewed the information required to be delivered to the Master
Servicer pursuant to the Servicing Agreement (the "Servicing Information");
2. Based on my knowledge, the Servicing Information does not contain any
material untrue information or omit to state information necessary to make
the Servicing Information, in light of the circumstances under which such
information was provided, not misleading as of the date of this
certification;
3. Based on my knowledge, the Servicing Information has been provided to the
Master Servicer when and as required under the Servicing Agreement;
4. I am responsible for reviewing the activities performed by the Servicer under
the Servicing Agreement, and based upon the review required thereunder, and
except as disclosed in writing to you on or prior to the date of this
certification ( a copy of which disclosure is attached hereto), the Servicer
has, as of the date of this certification, fulfilled its obligations under
this Servicing Agreement; and
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5. I have disclosed to the accountants conducting the annual review required
under Section 6.05 of the Servicing Agreement all significant deficiencies
relating to the Servicer's compliance with the Servicing Agreement.
COLONIAL SAVINGS, F.A.
Name: ____________________
Title: ____________________
Date: ____________________
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