AMENDMENT NUMBER ONE to the POOLING AND SERVICING AGREEMENT Series 2005-HE7, Dated as of July 1, 2005 among BEAR STEARNS ASSET BACKED SECURITIES I LLC, as Depositor EMC MORTGAGE CORPORATION, as a Seller and as Master Servicer and LASALLE BANK NATIONAL ASSOCIATION, as Trustee
AMENDMENT NUMBER ONE
to the
POOLING AND SERVICING AGREEMENT
Series 2005-HE7, Dated as of July 1, 2005
among
BEAR STEARNS ASSET BACKED SECURITIES I LLC, as Depositor
EMC MORTGAGE CORPORATION, as a Seller and as Master Servicer
and
LASALLE BANK NATIONAL ASSOCIATION, as Trustee
This AMENDMENT NUMBER ONE is made and entered into this 3rd day of October 2005, by and among BEAR STEARNS ASSET BACKED SECURITIES I LLC, a Delaware limited liability company, as depositor (the “Depositor”), EMC MORTGAGE CORPORATION, a Delaware corporation, as a seller (in such capacity, a “seller”) and as master servicer (in such capacity, the “Master Servicer”) and LASALLE BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as trustee (the “Trustee”), in connection with the Pooling and Servicing Agreement, dated as of July 1, 2005, among the above mentioned parties (the “Agreement”). This amendment is made pursuant to Section 11.01 of the Agreement.
1. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Agreement.
2. Exhibit N of the Agreement shall be amended by deleting the exhibit in its entirety and replacing it with the following:
| 1 | 4.00% |
| 2 | 4.00% |
| 3 | 4.00% |
| 4 | 4.00% |
| 5 | 4.00% |
| 6 | 4.00% |
| 7 | 4.00% |
| 8 | 4.22% |
| 9 | 5.25% |
| 10 | 5.90% |
| 11 | 6.77% |
| 12 | 7.52% |
| 13 | 8.29% |
| 14 | 9.16% |
| 15 | 9.82% |
| 16 | 10.79% |
| 17 | 11.28% |
| 18 | 11.61% |
| 19 | 12.39% |
| 20 | 12.84% |
| 21 | 13.50% |
| 22 | 14.24% |
| 23 | 15.76% |
| 24 | 17.69% |
| 25 | 19.33% |
| 26 | 20.68% |
| 27 | 21.12% |
| 28 | 22.29% |
| 29 | 23.50% |
| 30 | 23.94% |
| 31 | 24.76% |
| 32 | 25.42% |
| 33 | 25.74% |
| 34 | 26.48% |
| 35 | 26.86% |
| 36 | 27.49% |
| 37 | 28.58% |
| 38 | 28.67% |
| 39 | 29.63% |
| 40 | 29.88% |
| 41 | 30.24% |
| 42 | 31.10% |
| 43 | 31.96% |
| 44 | 32.27% |
| 45 | 32.44% |
| 46 | 33.11% |
| 47 | 33.10% |
| 48 | 33.18% |
| 49 | 33.02% |
| 50 | 33.20% |
| 51 | 32.92% |
| 52 | 32.79% |
| 53 | 32.94% |
| 54 | 32.96% |
| 55 | 32.25% |
| 56 | 31.79% |
| 57 | 31.67% |
| 58 | 31.24% |
| 59 | 31.31% |
| 60 | 31.33% |
| 61 | 31.38% |
| 62 | 31.38% |
| 63 | 30.92% |
| 64 | 31.07% |
| 65 | 30.66% |
| 66 | 30.54% |
| 67 | 31.20% |
| 68 | 31.09% |
| 69 | 31.55% |
| 70 | 30.75% |
| 71 | 30.65% |
| 72 | 30.34% |
| 73 | 30.38% |
| 74 | 30.75% |
| 75 | 31.20% |
| 76 | 31.01% |
| 77 | 30.16% |
| 78 | 30.28% |
| 79 | 29.68% |
| 80 | 29.77% |
| 81 | 28.64% |
| 82 | 26.60% |
| 83 | 26.88% |
| 84 | 26.81% |
| 85 | 26.78% |
| 86 | 27.28% |
| 87 | 27.36% |
| 88 | 26.37% |
| 89 | 25.56% |
| 90 | 24.37% |
| 91 | 25.29% |
| 92 | 25.10% |
| 93 | 24.15% |
| 94 | 22.82% |
| 95 | 23.14% |
| 96 | 22.83% |
| 97 | 24.04% |
| 98 | 23.66% |
| 99 | 23.19% |
| 100 | 22.60% |
| 101 | 24.10% |
| 102 | 25.15% |
| 103 | 25.31% |
| 104 | 24.46% |
| 105 | 24.94% |
| 106 | 25.90% |
| 107 | 24.10% |
| 108 | 24.12% |
| 109 | 24.34% |
| 110 | 22.34% |
| 111 | 22.03% |
| 112 | 22.00% |
| 113 | 21.38% |
| 114 | 20.83% |
| 115 | 19.16% |
| 116 | 18.75% |
| 117 | 18.26% |
| 118 | 19.20% |
| 119 | 19.94% |
| 120 | 18.14% |
| 121 | 18.05% |
| 122 | 17.28% |
| 123 | 16.25% |
| 124 | 15.27% |
| 125 | 14.69% |
| 126 | 16.16% |
| 127 | 16.79% |
| 128 | 15.52% |
| 129 | 14.20% |
| 130 | 14.51% |
| 131 | 15.21% |
| 132 | 17.15% |
| 133 | 15.64% |
| 134 | 16.42% |
| 135 | 15.05% |
| 136 | 15.98% |
| 137 | 13.57% |
| 138 | 15.31% |
| 139 | 14.08% |
| 140 | 13.48% |
| 141 | 13.03% |
| 142 | 13.25% |
| 143 | 14.25% |
| 144 | 13.84% |
| 145 | 14.84% |
| 146 | 12.52% |
| 147 | 12.64% |
| 148 | 11.42% |
| 149 | 11.33% |
| 150 | 11.78% |
| 151 | 12.15% |
| 152 | 11.81% |
| 153 | 13.15% |
| 154 | 12.30% |
| 155 | 12.36% |
| 156 | 12.10% |
| 157 | 12.70% |
| 158 | 12.20% |
| 159 | 15.23% |
| 160 | 14.13% |
| 161 | 13.87% |
| 162 | 14.49% |
| 163 | 14.64% |
| 164 | 16.64% |
| 165 | 13.53% |
| 166 | 11.58% |
| 167 | 11.90% |
| 168 | 11.39% |
| 169 | 11.51% |
| 170 | 9.91% |
| 171 | 9.89% |
| 172 | 10.00% |
| 173 | 9.69% |
| 174 | 10.39% |
| 175 | 10.23% |
| 176 | 8.97% |
| 177 | 9.24% |
| 178 | 11.14% |
| 179 | 10.66% |
| 180 | 11.42% |
| 181 | 11.97% |
| 182 | 12.11% |
| 183 | 13.66% |
| 184 | 11.66% |
| 185 | 14.86% |
| 186 | 12.32% |
| 187 | 8.29% |
| 188 | 9.40% |
| 189 | 10.50% |
| 190 | 9.55% |
| 191 | 9.66% |
| 192 | 8.12% |
| 193 | 8.05% |
| 194 | 8.51% |
| 195 | 8.19% |
| 196 | 9.45% |
| 197 | 10.01% |
| 198 | 10.01% |
| 199 | 8.85% |
| 200 | 9.03% |
| 201 | 10.10% |
| 202 | 9.37% |
| 203 | 8.68% |
| 204 | 7.37% |
| 205 | 7.45% |
| 206 | 7.45% |
| 207 | 9.49% |
| 208 | 7.50% |
| 209 | 6.25% |
| 210 | 6.27% |
| 211 | 5.45% |
| 212 | 7.16% |
| 213 | 7.63% |
| 214 | 9.14% |
| 215 | 5.64% |
| 216 | 5.64% |
| 217 | 5.00% |
| 218 | 6.03% |
| 219 | 4.35% |
| 220 | 5.94% |
| 221 | 5.94% |
| 222 | 5.94% |
| 223 | 5.94% |
| 224 | 5.94% |
| 225 | 5.94% |
| 226 | 7.32% |
| 227 | 3.74% |
| 228 | 3.74% |
| 229 | 3.74% |
| 230 | 8.02% |
| 231 | 8.02% |
| 232 | 8.02% |
| 233 | 6.92% |
| 234 | 6.96% |
| 235 | 7.15% |
| 236 | 9.00% |
| 237 | 7.43% |
| 238 | 7.75% |
| 239 | 12.85% |
| 240 | 13.11% |
| 241 | 14.45% |
| 242 | 15.59% |
| 243 | 14.35% |
| 244 | 18.97% |
| 245 | 15.74% |
| 246 | 15.74% |
| 247 | 13.71% |
| 248 | 13.97% |
| 249 | 12.77% |
| 250 | 14.33% |
| 251 | 13.62% |
| 252 | 14.07% |
| 253 | 14.27% |
| 254 | 14.57% |
| 255 | 14.80% |
| 256 | 14.97% |
| 257 | 14.97% |
| 258 | 18.22% |
| 259 | 19.80% |
| 260 | 19.98% |
| 261 | 19.98% |
| 262 | 17.79% |
| 263 | 17.79% |
| 264 | 17.79% |
| 265 | 18.07% |
| 266 | 18.07% |
| 267 | 15.45% |
| 268 | 15.45% |
| 269 | 8.89% |
| 270 | 8.89% |
| 271 | 8.89% |
| 272 | 8.89% |
| 273 | 9.25% |
| 274 | 9.83% |
| 275 | 9.83% |
| 276 | 3.96% |
| 277 | 3.96% |
| 278 | 3.96% |
| 279 | 3.96% |
| 280 | 6.69% |
| 281 | 6.69% |
| 282 | 4.05% |
| 283 | 6.27% |
| 284 | 6.39% |
| 285 | 6.39% |
| 286 | 6.39% |
| 287 | 6.53% |
| 288 | 6.53% |
| 289 | 6.53% |
| 290 | 6.53% |
| 291 | 4.54% |
| 292 | 5.30% |
| 293 | 5.30% |
| 294 | 5.93% |
| 295 | 5.93% |
| 296 | 6.11% |
| 297 | 3.01% |
| 298 | 3.01% |
| 299 | 3.01% |
| 300 | 3.01% |
| 301 | 3.01% |
| 302 | 3.01% |
| 303 | 3.01% |
| 304 | 3.01% |
| 305 | 3.01% |
| 306 | 3.01% |
| 307 | 3.10% |
| 308 | 0.00% |
| 309 | 0.00% |
| 310 | 0.00% |
| 311 | 17.06% |
| 312 | 0.00% |
| 313 | 0.00% |
| 314 | 0.00% |
| 315 | 0.00% |
| 316 | 0.00% |
| 317 | 0.00% |
| 318 | 0.00% |
| 319 | 0.00% |
| 320 | 17.06% |
| 321 | 0.00% |
| 322 | 0.00% |
| 323 | 0.00% |
| 324 | 0.00% |
| 325 | 0.00% |
| 326 | 0.00% |
| 327 | 0.00% |
| 328 | 0.00% |
| 329 | 0.00% |
| 330 | 0.00% |
| 331 | 0.00% |
| 332 | 0.00% |
| 333 | 24.98% |
| 334 | 0.00% |
| 335 | 0.00% |
| 336 | 0.00% |
| 337 | 0.00% |
| 338 | 0.00% |
| 339 | 0.00% |
| 340 | 0.00% |
| 341 | 0.00% |
| 342 | 0.00% |
| 343 | 0.00% |
| 344 | 0.00% |
| 345 | 0.00% |
| 346 | 0.00% |
| 347 | 0.00% |
| 348 | 0.00% |
| 349 | 0.00% |
| 350 | 0.00% |
| 351 | 0.00% |
| 352 | 0.00% |
| 353 | 0.00% |
| 354 | 0.00% |
| 355 | 0.00% |
| 356 | 0.00% |
| 357 | 0.00% |
| 358 | 0.00% |
| 359 | 0.00% |
| 360 | 0.00% |
3. Except as amended above, the Agreement shall continue to be in full force and effect in accordance with their terms.
IN WITNESS WHEREOF, the Depositor, the Master Servicer, EMC and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the day and year first above written.
BEAR STEARNS ASSET BACKED SECURITIES I LLC
as Depositor
By: /s/ Baron Silverstein
|
| Name: | Baron Silverstein |
|
| Title: | Vice President |
EMC MORTGAGE CORPORATION
as a Seller and as Master Servicer
By: /s/ Dana Dillard
|
| Name: | Dana Dillard |
|
| Title: | Senior Vice President |
LASALLE BANK NATIONAL ASSOCIATION
as Trustee
By: /s/ Christopher Lewis
|
| Name: | Christopher Lewis |
|
| Title: | Assistant Vice President |
