0000950144-05-012415 Sample Contracts

Contract
Execution • December 2nd, 2005 • Doral Financial Corp • Mortgage bankers & loan correspondents • New York

THIS INSTRUMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE (this “Instrument”), dated as of November 30, 2005 (“Effective Date”), is by and among Doral Financial Corporation, a corporation duly organized and existing under the laws of Puerto Rico (the “Company”), Deutsche Bank Trust Company Americas, a corporation duly organized and existing under the laws of the State of New York formerly known as Bankers Trust Company (the “Resigning Trustee”), and U.S. Bank National Association, a national banking association duly organized and existing under the laws of the United States (the “Successor Trustee”). Capitalized terms not otherwise defined herein shall have the same meaning ascribed to such terms in the Indenture (as defined below).

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