0000882377-06-002113 Sample Contracts

STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Bear Stearns ARM Trust 2006-3 Mortgage Pass-Through Certificates, Series 2006-3 TERMS AGREEMENT
Terms Agreement • June 15th, 2006 • Bear Stearns ARM Trust 2006-3 • Asset-backed securities

The Certificates purchased by the Underwriter will be offered from time to time by the Underwriter in negotiated transactions at varying prices to be determined at the time of sale.

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STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Depositor, Trustee and WELLS FARGO BANK, N.A., Securities Administrator POOLING AGREEMENT Dated as of May 31, 2006 Bear Stearns ARM Trust 2006-3 Mortgage Pass-Through Certificates Series 2006-3 backed by...
Pooling Agreement • June 15th, 2006 • Bear Stearns ARM Trust 2006-3 • Asset-backed securities • New York

POOLING AGREEMENT, dated as of May 31, 2006, by and among STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., as depositor (the “Depositor”), U.S. Bank National Association, as trustee (the “Trustee”) and Wells Fargo Bank, N.A., as securities administrator (the “Securities Administrator”).

PURCHASE AGREEMENT Dated as of May 31, 2006 EMC MORTGAGE CORPORATION and STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Bear Stearns ARM Trust 2006-3, Mortgage Pass-Through Certificates, Series 2006-3 PURCHASE AGREEMENT
Purchase Agreement • June 15th, 2006 • Bear Stearns ARM Trust 2006-3 • Asset-backed securities • New York

This PURCHASE AGREEMENT, dated as of May 31, 2006, as amended and supplemented by any and all amendments hereto (collectively, the "Agreement"), is by and between EMC MORTGAGE CORPORATION, a Delaware corporation (the "Sponsor"), and STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., a Delaware corporation (the "Depositor").

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