0001162318-06-001617 Sample Contracts

ASSET BACKED SECURITIES CORPORATION Depositor DLJ MORTGAGE CAPITAL, INC. Seller SELECT PORTFOLIO SERVICING, INC. Servicer OFFICETIGER GLOBAL REAL ESTATE SERVICES INC., Loan Performance Advisor and Trustee POOLING AND SERVICING AGREEMENT Dated as of...
Pooling and Servicing Agreement • December 15th, 2006 • Asset Backed Securities CORP Home Equity Loan Trust, Series 2006-He7 • Asset-backed securities • New York

This Pooling and Servicing Agreement, is dated and effective as of November 1, 2006, among ASSET BACKED SECURITIES CORPORATION, as Depositor, DLJ MORTGAGE CAPITAL, INC., as Seller, SELECT PORTFOLIO SERVICING, INC., as Servicer, OFFICETIGER GLOBAL REAL ESTATE SERVICES INC., as Loan Performance Advisor, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.

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SCHEDULE to the Master Agreement dated as of 30 November 2006 between
Master Agreement • December 15th, 2006 • Asset Backed Securities CORP Home Equity Loan Trust, Series 2006-He7 • Asset-backed securities • New York

Credit Suisse International and U.S. Bank National Association, not in its individual capacity but solely as Supplemental Interest Trust Trustee on behalf of the Supplemental Interest Trust created under the Pooling and Servicing Agreement in respect of Asset Backed Securities Corporation Home Equity Loan Trust, Series AMQ 2006-HE7

RECONSTITUTION AGREEMENT
Reconstitution Agreement • December 15th, 2006 • Asset Backed Securities CORP Home Equity Loan Trust, Series 2006-He7 • Asset-backed securities

This Reconstitution Agreement, dated November 30, 2006 (this “Agreement”), is executed and delivered by AMERIQUEST MORTGAGE COMPANY, a Delaware corporation (the “Company”) in favor of DLJMC, the Trustee, and ABSC (each as defined below).

MASTER AGREEMENT
Master Agreement • December 15th, 2006 • Asset Backed Securities CORP Home Equity Loan Trust, Series 2006-He7 • Asset-backed securities

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.

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