2018 06:12 PM 306.pdfcmo holdings h ltd. (issuer) series bsabs aq2 nim trust 2005-2 this memorandum is not to be shown or given to any person other than the person whose name appears

FILED: NEW YORK COUNTY CLERK 04/12/2018 06:12 PM INDEX NO. 657387/2017

NYSCEF DOC. NO. 306 RECEIVED NYSCEF: 04/12/2018

Lundin Exhibit 1

Trust Documentation Publishing Dates

~Trust Documentation Publishing Dates

Pooling and Private

Prospectus Servicing Placement

Supplement Agreement Memorandum Indenture

NIMS Trust Settlement Trust Date Date Date Date

BSNIM 2005-AQ2N BSABS 2005-AQ2 11/17/2005 11/1/2005 12/7/2005 12/7/2005

BSNIM 2005-EC1 BSABS 2005-EC1 12/22/2005 12/1/2005 1/12/2006 1/12/2006

BSNIM 2005-FR1 BSABS 2005-FR1 8/25/2005 8/1/2005 8/31/2005 8/31/2005

BSNIM 2005-HE2N BSABS 2005-HE2 2/24/2005 2/1/2005 2/28/2005 2/28/2005

BSNIM 2005-HE4N BSABS 2005-HE4 4/26/2005 4/1/2005 4/29/2005 4/29/2005

BSNIM 2005-HE11 BSABS 2005-HE11 11/28/2005 11/1/2005 12/13/2005 12/7/2005

BSNIM 2006-EC1 BSABS 2006-EC1 1/26/2006 1/1/2006 2/6/2006 2/6/2006

BSNIM 2006-EC2 BSABS 2006-EC2 2/21/2006 1/1/2006 3/13/2006 3/13/2006

BSNIM 2006-HE1 BSABS 2006-HE1 1/26/2006 1/1/2006 2/15/2006 2/15/2006

BSSP 2006-16 BSABS 2006-HE3 3/27/2006 3/1/2006 4/24/2006 4/24/2006

BSSP 2006-18N BSABS 2006-HE5 5/23/2006 5/1/2006 6/23/2006 6/23/2006

BSSP 2006-19N BSABS 2006-HE6 6/23/2006 6/1/2006 7/24/2006 7/24/2006

BSSP 2006-21N BSABS 2006-HE7 8/28/2006 8/1/2006 9/22/2006 9/22/2006

BSSP 2006-23N BSABS 2006-HE8 10/26/2006 10/1/2006 11/21/2006 11/21/2006

BSSP 2007-N1 BSABS 2006-HE10 12/28/2006 12/1/2006 1/24/2007 1/24/2007

BSNIM 2006-PC1N BSABS 2006-PC1 1/25/2006 1/1/2006 2/6/2006 2/6/2006

BSSP 2007-N3 BSABS 2007-FS1 2/27/2007 2/1/2007 3/23/2007 3/23/2007

BSSP 2007-N2 BSABS 2007-HE1 1/29/2007 1/1/2007 2/23/2007 2/23/2007

BSSP 2007-N3 BSABS 2007-HE2 2/27/2007 2/1/2007 3/23/2007 3/23/2007

BSSP 2007-N4 BSABS 2007-HE3 3/29/2007 3/1/2007 4/24/2007 4/24/2007

BSSP 2007-N6 BSABS 2007-HES 5 29 2007 5 1 2007 6 22 2007 6 22 2007



~ L7~~BSABS L7 2005-AQ2

RSNTM 2005-AARON



Rates"

spread.

1/17/2018 https://www.sec.gov/Archives/edgar/data/1283557/000088237705003304/d398969_all.htm

424B5 1 d398969_all.htm BEAR STEARNS ASSET BACKED SECURITIES I TRUSTPROSPECTUS SUPPLEMENT(To Prospectus dated June 24, 2005)

$657,785,000

(Approximate)

Bear Stearns Asset Backed Securities I Trust 2005-AQ2Issuer

Asset-Backed Certificates, Series 2005-AQ2

EMC Mortgage CorporationMaster Servicer

Bear Stearns Asset Backed Securities I LLCDepositor

The issuer is offering the following classes of certificates pursuant to thisprospectus supplement and the accompanying prospectus:

Original Certificate Pass-Through Original Certificate Pass-ThroughConsider carefully Class Princi al Balance Rate Class _PrincipalPrinci al Balance_ Ratethe risk factors ClassA-1 $ 314,676,000 (1X2) ClassM-4 $ 27,759,000 (1)(2)(3)

beginning on page S- ClassA-2 $ 123,906,000 (1)(2)(3) ClassM-5 $ 11,596,000 (1)(2)(3)12 in this prospectus

ClassA-3 $ 76,542,000 (1)(2)(3) ClassM-6 $ 11,947,000 (1)(2X3)supplement and onpage 4 in the ClassM-1 $ 29,516,000 (1)(2)(3) ClassM-7 $ 9,839,000 (1)(2)(3)

prospectus. ClassM-2 $ 26,354,000 (1)(2)(3) ClassM-8 $ 7,027,000 (1)(2)(3)

The certificates ClassM-3 $ 18,623,000 (1)(2)(3)represent obligationsof the trust only anddo not represent an (1) Thepass-throughratesontheseclassesof certificatesareadjustableor variableratesasdescribedunder"Summary-Descriptionâ€” of theCertificates-

Pass-ThroughRates in thisprospectussupplement.Interest in or (2) subjectto acapasdescribedin thisprospectussupplement.obligation of Bear (3) Subjectto a step-upif theoptionalterminationright is notexercised.

Stearns Asset BackedSecurities I LLC,

The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-prime mortgage

EMC Mortgage loans that are secured by first liens on one- to four-family residential properties.

Corporation, LaSalleBank National Credit enhancement will be provided by:

Association or any of • excess spread;their affiliates. . overcollateralization;This prospectus • the interest rate swap agreement;supplement may be • the yield maintenance agreement; andused to offer and sell • subordination of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8,the offered certificates Class M-9 and Class M-10 Certificates.

only if accompanied

by the prospectus.

Neither the SEC nor any state securities commission has approved these securities or determined that thisprospectus supplement or the prospectus is accurate or complete. Any representation to the contrary is acriminal offense.

The Attorney General of the State of New York has not passed on or endorsed the merits of this offering.

Any representation to the contrary is unlawful.

Bear, Stearns & Co. Inc., as the underwriter, will offer the certificates listed above at varying prices to bedetermined at the time of sale.

The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilitiesof The Depository Trust Company, Clearstream and Euroclear, in each case, on or about November 30, 2005.

Bear, Stearns & Co. Inc.The date of the prospectus supplement is November 17, 2005

https://www.sec.gov/Archives/edgar/data/1283557/000088237705003304/d398969 all.htm 1/253



1/17/2018 https://www.sec.gov/Archives/edgar/data/1345041/000088237705003556/d401865 ex4-1.htm

EX-4.1 2 d401865 ex4-1.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,

EMC MORTGAGE CORPORATION,

Seller and Master Servicer,

and

LASALLE BANK NATIONAL ASSOCIATION,

Trustee

POOLING AND SERVICING AGREEMENT

Dated as of November 1, 2005

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-AQ2

ASSET-BACKED CERTIFICATES, SERIES 2005-AQ2

https://www.sec.gov/Archives/edgar/data/1345041/000088237705003556/d401865 ex4-1.htm 1/326



Purchaser"

PRIVATE PLACEMENT MEMORANDUM CONFIDENTIAL

$13,475,000 Class A-1 Notes$2,400,000 Class A-2 Notes$3,100,000 Class A-3 Notes

CMO Holdings H Ltd.

(Issuer)

SERIES BSABS AQ2 NIM TRUST 2005-2

THIS MEMORANDUM IS NOT TO BE SHOWN OR GIVEN TO ANY PERSON OTHER THAN THE PERSONWHOSE NAME APPEARS BELOW AND IS NOT TO BE COPIED OR OTHERWISE REPRODUCED IN ANY

MANNER WHATSOEVER. FAILURE TO COMPLY WITH THIS DIRECTIVE CAN RESULT IN AVIOLATION OF THE SECURITIES ACT OF 1933.

This numbered copy is for the exclusive use of the person named below, and should be returned to Bear Stearns Thismemorandum is designed to be delivered by Bear, Stearns & Co. Inc. to permitted offerees solely via e-mail as anon-editable PDF file. This memorandum may not be forwarded, transmitted, copied or otherwisereproduced by any recipient hereof in any manner whatsoever.

If this memorandum was received by any means other than via e-mail or other electronic transmission fromrrosner(Albear.com or any other sender authorized by Bear, Stearns & Co. Inc., there is a presumption thatthis memorandum has been improperly reproduced and circulated, in which case Bear Stearns StructuredProducts Inc. and Bear, Stearns & Co. Inc. disclaim any responsibility for its contents and use.

No person has been authorized to give any information or to make any representations other than those contained inthis memorandum and, if given or made, such information or representations must not be relied upon. The deliveryof this memorandum at any time does not imply that the information herein is correct as of any time subsequent toits date.

This memorandum has been prepared by CMO Holdings II Ltd. (the "Issuer")"Issuer" for use solely in connection with the

offering of the Series BSABS AQ2 NIM Trust 2005-2, Class A-1, Class A-2 and Class A-3 Notes (collectively, theNotes""Offered Notes") described herein to the person named above. The Issuer has not authorized or assumed any

liability for any use of this memorandum in connection with any other offer or sale of the Offered Notes by Bear,Stearns & Co. Inc. (the "Initial Purchaser") or any other person.

INVESTORS INTERESTED IN PURCHASING THE OFFERED NOTES SHOULD REVIEW THEINDENTURE (AS DESCRIBED HEREIN) AND THE DERIVATIVE ADMINISTRATION AGREEMENT(AS DESCRIBED HEREIN) IN CONJUNCTION WITH THIS MEMORANDUM. IN ADDITION, SUCHINVESTORS SHOULD REVIEW IN CONJUNCTION WITH THIS MEMORANDUM, WITH RESPECTTO EACH OF THE UNDERLYING CERTIFICATES, THE DISCLOSURE EXHIBITS, INCLUDING THEEXHIBITS THERETO, WHICH INCLUDE THE PROSPECTUS AND THE UNDERLYING POOLINGAND SERVICING AGREEMENT (IN EACH CASE, AS DESCRIBED HEREIN).

The Offered Notes may only be offered (i) to "qualified institutional buyers" within the meaning of Rule 144Aunder the Securities Act and (ii) to non-U.S. persons outside the United States in compliance with Regulation Sunder the Securities Act. It is expected that delivery of the Class A-1 Notes and Class A-2 Notes will be made in

book-entry form through the Same-Day Funds Settlement System of The Depository Trust Company, which mayinclude delivery through Clearstream, société anonyme or Euroclear Bank SA/NV on or about December 7, 2005against payment therefor in immediately available funds. The Class A-3 Notes will be issued in certificated fully-

registered form and will be delivered to purchasers in physical form. The information contained herein isconfidential and may not be reproduced in whole or in part.

Bear, Stearns & Co. Inc.

December 7, 2005



CMO HOLDINGS II LTD.

as Issuer

and

LASALLE BANK NATIONAL ASSOCIATION

as Indenture Trustee

INDENTURE

Dated as of December 7, 2005

BSABS AQ2 NIM TRUST 2005-2

Class A-1 Notes

Class A-2 Notes

Class A-3 Notes



BSABS 2005-EC1

T3 VWTTll E)AALU'

1 f 1



1/17/2018 https://www.sec.gov/Archives/edgar/data/1283557/000112528205006760/b410788_424b5.txt

<DOCUMENT><TYPE>424B5<SEQUENCE>1

<DESCRIPTION>424B5<TEXT><PAGE>PROSPECTUS SUPPLEMENT(TO PROSPECTUS DATED JUNE 24, 2005)

$671,090,000

(APPROXIMATE)

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-EC1ISSUER

ASSET-BACKED CERTIFICATES, SERIES 2005-EC1

EMC MORTGAGE CORPORATIONMASTER SERVICER

BEAR STEARNS ASSET BACKED SECURITIES I LLCDEPOSITOR

________________________

<TABLE><S> <C> <C> <C> <C><C> <C>

---------------------------- The issuer is offering the following classes of certificates pursuantto this

| CONSIDER CAREFULLY THE | prospectus supplement and the accompanying prospectus:

| RISK FACTORS BEGINNING ON

| PAGE S-12 IN THIS ---------------------------------------------------------------------______________________________

| PROSPECTUS SUPPLEMENT AND ORIGINALORIGINAL

ON PAGE 4 IN THE ! CERTIFICATE PASS-THROUGHCERTIFICATE PASS-THROUGH

PROSPECTUS. CLASS PRINCIPAL BALANCE RATE CLASSPRINCIPAL BALANCE RATE

! ! -------- ----------------- ---- -------- --_______________ ____

The certificates ---------------------------------------------------------------------______________________________

represent obligations of ! Class A-1 $358,856,000 (1)(2) Class M-4$26,407,000 (1)(2)(3)| the trust only and do not ---------------------------------------------------------------------______________________________

| represent an interest in ! Class A-2 $141,308,000 (1)(2)(3) Class M-5$11,267,000 (1)(2)(3)| or obligation of Bear ---------------------------------------------------------------------______________________________

| Stearns Asset Backed Class A-3 $ 31,498,000 (1)(2)(3) Class M-6$11,619,000 (1)(2)(3)

Securities I LLC, EMC ---------------------------------------------------------------------______________________________

| Mortgage Corporation, ! Class M-1 $ 27,815,000 (1)(2)(3) Class M-7$10,210,000 (1)(2)(3)| LaSalle Bank National ---------------------------------------------------------------------______________________________

| Association or any of ! Class M-2 $ 25,351,000 (1)(2)(3) Class M-8

$ 8,802,000 (1)(2)(3)| their affiliates. ! ---------------------------------------------------------------------______________________________

! Class M-3 $ 17,957,000 (1)(2)(3)

https://www.sec.gov/Archives/edgar/data/1283557/000112528205006760/b410788 424b5.txt 1/266



1/17/2018 https://www.sec.gov/Archives/edgar/data/1283557/000112528205006760/b410788_424b5.txt

| This prospectus | ---------------------------------------------------------------------______________________________

| supplement may be used to | (1) The pass-through rates on these classes of certificates areadjustable or variable rates as

| offer and sell the !! described under "Summary--Description-Description of the Certificates--Pass- -Pass-

Through Rates" in this

| offered certificates only prospectus supplement.

| if accompanied by the

| prospectus. (2) Subject to a cap as described in this prospectus supplement.____________________________

(3) Subject to a step-up if the optional termination right is notexercised.

The certificates represent interests in a pool of fixed andadjustable rate, conventional,

closed-end sub-prime mortgage loans that are secured by first andsecond liens on one- to

four-family residential properties.

Credit enhancement will be provided by:

o excess spread;

o overcollateralization;

o the interest rate swap agreement;

o the yield maintenance agreement; and

o subordination of the Class M-1, Class M-2, Class M-3, Class M-4,Class M-5, Class M-6, Class M-7

and Class M-8 Certificates.</TABLE>

NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION HAS APPROVED THESESECURITIES OR DETERMINED THAT THIS PROSPECTUS SUPPLEMENT OR THE PROSPECTUS ISACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINALOFFENSE.

THE ATTORNEY GENERAL OF THE STATE OF NEW YORK HAS NOT PASSED ON OR ENDORSEDTHE MERITS OF THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

Bear, Stearns 8 Co. Inc., as the underwriter, will offer the certificateslisted above at varying prices to be determined at the time of sale.

The underwriter will deliver to purchasers of the offered certificates in

book-entry form only through the facilities of The Depository Trust Company,Clearstream and Euroclear, in each case, on or about December 30, 2005.

BEAR, STEARNS & CO. INC.The date of the prospectus supplement is December 22, 2005

<PAGE>

TABLE OF CONTENTS

PROSPECTUS SUPPLEMENT<TABLE><S><C>SUMMARY..............................................................................................0 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~...........S-4 SS 44RISKFACTORS..............................................................................................~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~ ~~.....S-12

https://www.sec.gov/Archives/edgar/data/1 283557/000112528205006760/b410788https://www.sec.gov/Archives/edgar/data/1283557/000112528205006760/b410788 424b5.txt424b5.txt 2/2662/266



1/17/2018 https://www.sec.gov/Archives/edgar/data/1347309/000088237706000116/d411461_ex4-1.htm

EX-4.1 2 d411461_ex4-1.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,



and


Trustee



BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-EC1





Purchaser"



CMO Holdings H Ltd.

(Issuer)

SERIES BSABS EC1 NIM TRUST 2005-1

THIS MEMORANDUM IS NOT TO BE SHOWN OR GIVEN TO ANY PERSON OTHER THAN THE PERSONWHOSE NAME APPEARS BELOW AND IS NOT TO BE COPIED OR OTHERWISE REPRODUCED IN ANYMANNER WHATSOEVER. FAILURE TO COMPLY WITH THIS DIRECTIVE CAN RESULT IN AVIOLATION OF THE SECURITIES ACT OF 1933.

This memorandum is designed to be delivered by Bear, Stearns & Co. Inc. to permitted offerees solely via e-mail asa non-editable PDF file. This memorandum may not be forwarded, transmitted, copied or otherwise reproduced byany recipient hereof in any manner whatsoever.

If this memorandum was received by any means other than via e-mail or other electronic transmission [email protected] or any other sender authorized by Bear, Stearns & Co. Inc., there is a presumption that thismemorandum has been improperly reproduced and circulated, in which case Bear Stearns Structured Products Inc.and Bear, Stearns & Co. Inc. disclaim any responsibility for its contents and use.



offering of the Series BSABS EC1 NIM Trust 2005-1, Class A-1, Class A-2 and Class A-3 Notes (collectively, theNotes""Offered Notes") described herein to the person named above. The Issuer has not authorized or assumed any




book-entry form through the Same-Day Funds Settlement System of The Depository Trust Company, which mayinclude delivery through Clearstream, société anonyme or Euroclear Bank SA/NV on or about January 12, 2006against payment therefor in immediately available funds. The Class A-3 Notes will be issued in certificated fully-



January 12, 2006




as Issuer

and



INDENTURE

Dated as of January 12, 2006

BSABS EC1 NIM TRUST 2005-1

Class A-1 Notes

Class A-2 Notes

Class A-3 Notes



BSABS U 2005-FR1

R NTM 5-FR



3/1/2018 https://www.sec.gov/Archives/edgar/data/1283557/000088237705002345/d364757_424b5.htm

424B5 1 d364757 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I TRUSTPROSPECTUS SUPPLEMENT(To Prospectus dated June 24, 2005)

Consider carefully the risk factors beginning on page S-13 in this prospectus supplement and on page 4 in theprospectus.

The certificates represent obligations of the trust only and do not represent an interest in or obligation of Bear StearnsAsset Backed Securities I LLC, EMC Mortgage Corporation, LaSalle Bank National Association or any of their

affiliates.

This prospectus supplement may be used to offer and sell the offered certificates only if accompanied by theprospectus.

$909,270,000

(Approximate)

Bear Stearns Asset Backed Securities I Trust 2005-FR1Issuer

Asset-Backed Certificates, Series 2005-FR1

EMC Mortgage CorporationSeller and Master Servicer


The issuer is offering the following classes of certificates pursuant to this prospectus supplement and the

accompanying prospectus:

Original Certificate Pass-Through Original Certificate Pass-ThroughClass Principal Balance Rate Class Principal Balance Rate

ClassI-A-1 $ 312,896,000 (1)(2) ClassM-2 $ 55,136,000 (1)(2)(3)

ClassI-A-2 $ 115,714,000 (1)(2)(3) ClassM-3 $ 15,685,000 (1)(2)(3)

ClassI-A-3 $ 47,492,000 (1)(2)(3) ClassM-4 $ 15,685,000 (1)(2)(3)

ClassII-A-1 $ 194,055,000 (1)(2)(3) ClassM-5 $ 12,833,000 (1)(2)(3)

ClassII-A-2 $ 48,514,000 (1)(2)(3) ClassM-6 $ 10,457,000 (1)(2)(3)

ClassM-1 $ 80,803,000 (1)(2)(3)

(1) The pass-throughrateson theseclassesof certificatesareadjustableor variable ratesasdescribedunder"Summary-Description of the Certificates-Pass-Through Rates" in this prospectussupplement.

(2) Subjectto a capasdescribedin this prospectussupplement.(3) Subjectto a step-upif the optional termination right is not exercised.

The certificates represent interests in a pool of fixed and adjustable rate, conventional,closed-end sub-prime mortgage loans that are secured by first and second liens on one-

to four-family residential properties.


• excess spread;• overcollateralization;• cross-collateralization;• the interest rate swap agreement; and• subordination of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5,

Class M-6, Class M-7 and Class M-8 Certificates.

https://www.sec.gov/Archives/edgar/data/1283557/000088237705002345/d364757 424b5.htm 1/274



3/1/2018 https://www.sec.gov/Archives/edgar/data/1283557/000088237705002345/d364757 424b5.htm


The Attorney General of the State of New York has not passed on or endorsed the merits of this offering.

Any representation to the contrary is unlawful.

Bear, Stearns X Co. Inc., as the underwriter, will offer the certificates listed above at varying prices to bedetermined at the time of sale.

The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilitiesof The Depository Trust Company, Clearstream and Euroclear, in each case, on or about August 31, 2005.

Bear, Stearns A Co. Inc.The date of the prospectus supplement is August 25, 2005




1/17/2018 https://www.sec.gov/Archives/edgar/data/1337428/000088237705002581/d369186.htm

EX-4 2 d369186.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,



and


Trustee


Dated as of August 1, 2005

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-FR1

ASSET-BACKED CERTIFICATES, SERIES 2005-FR1

https://vow.sec.gov/Archives/edgar/data/1 337428/000088237705002581/d369186.htmhttps://www.sec.gov/Archives/edgar/data/1337428/000088237705002581/d369186.htm 1/3071/307



Purchaser"



CMO Holdings H Ltd.

(Issuer)

SERIES BSABS FR1 NIM TRUST 2005-1


This numbered copy is for the exclusive use of the person named below, and should be returned to Bear StearnsStructured Products Inc. or Bear, Stearns & Co. Inc. immediately upon request.

Name Copy No. (Shown in Red)

If the above number does not appear in red, there is a presumption that this memorandum has been improperlyreproduced and circulated, in which case Bear Stearns Structured Products Inc. and Bear, Stearns & Co. Inc.disclaim any responsibility for its contents and use.



offering of the Series BSABS FR1 NIM Trust 2005-1, Class A-1, Class A-2 and Class A-3 Notes (collectively, theNotes""Offered Notes") described herein to the person named above. The Issuer has not authorized or assumed any


INVESTORS INTERESTED IN PURCHASING THE OFFERED NOTES SHOULD REVIEW THEINDENTURE (AS DESCRIBED HEREIN) AND THE SWAP ADMINISTRATION AGREEMENT (ASDESCRIBED HEREIN) IN CONJUNCTION WITH THIS MEMORANDUM. IN ADDITION, SUCHINVESTORS SHOULD REVIEW IN CONJUNCTION WITH THIS MEMORANDUM, WITH RESPECTTO EACH OF THE UNDERLYING CERTIFICATES, THE DISCLOSURE EXHIBITS, INCLUDING THEEXHIBITS THERETO, WHICH INCLUDE THE PROSPECTUS AND THE UNDERLYING POOLINGAND SERVICING AGREEMENT (IN EACH CASE, AS DESCRIBED HEREIN).


book-entry form through the Same-Day Funds Settlement System of The Depository Trust Company, which mayinclude delivery through Clearstream, société anonyme or Euroclear Bank SA/NV on or about August 31, 2005against payment therefor in immediately available funds. The Class A-3 Notes will be issued in certificated fully-



August 31, 2005




as Issuer

and



INDENTURE

Dated as of August 31, 2005

BSABS FR1 NIM TRUST 2005-1

Class A-1 Notes

Class A-2 Notes

NotesClass A-3



LJ U~LJ L LWDBSABS U 2005-HE2DVVD

RSNTM 2005-HF,PN



3/1/2018 https://www.sec.gov/Archives/edgar/data/1283557/000088237705000417/d308467.txt

<DOCUMENT><TYPE>424B5<SEQUENCE>1<FILENAME>d308467.txt<DESCRIPTION>BEAR STEARNS ASSET BACKED SECURITIES I LLC<TEXT>

PROSPECTUS SUPPLEMENT(To Prospectus dated April 26, 2004)

$622,896,000

(APPROXIMATE)

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE2ISSUER

ASSET-BACKED CERTIFICATES, SERIES 2005-HE2

EMC MORTGAGE CORPORATIONSELLER AND MASTER SERVICER


<TABLE><CAPTION><S> <C>

|---------------------| The issuer is offering the following classes of certificates pursuant tothis

prospectus supplement and the accompanying prospectus:CONSIDER CAREFULLYTHE RISK FACTORS ----------------------------------------------------------------------------

__________

BEGINNING ON PAGE ORIGINAL ORIGINALS-14 IN THIS CERTIFICATE PASS-THROUGH CERTIFICATE

PASS-THROUGHPROSPECTUS CLASS PRINCIPAL BALANCE RATE CLASS PRINCIPAL BALANCE

RATESUPPLEMENT AND ON ------------- ----------------- ------------- --------- ----------------- --

__________

PAGE 4 IN THE Class I-A-1 $ 110,488,000 (1)(2) Class M-1 $ 43,149,000

(1)(2)(3)PROSPECTUS. ! ------------- ----------------- ------------- --------- ----------------- --

__________

! Class I-A-2 $ 52,281,000 (1)(2)(3) Class M-2 $ 34,714,000

(1)(2)(3)The certificates ------------- ----------------- ------------- --------- ----------------- --

__________

| represent Class I-A-3 $ 13,799,000 (1)(2)(3) Class M-3 $ 9,408,000

(1)(2)(3)| obligations ! ------------- ----------------- ------------- --------- ----------------- --__________

| of the trust Class II-A-1 $ 176,116,000 (1)(2)(3) Class M-4 $ 9,733,000

(1)(2)(3)| only and do not ------------- ----------------- ------------- --------- ----------------- --__________

| represent an Class II-A-2 $ 44,029,000 (1)(2)(3) Class M-5 $ 7,462,000

(1)(2)(3)| interest in or ! ------------- ----------------- ------------- --------- ----------------- --__________

| obligation of Class III-A-1 $ 92,183,000 (1)(2)(3) Class M-6 $ 6,488,000

(1)(2)(3)

https://www.sec.gov/Archives/edgar/data/1283557/000088237705000417/d308467.txt 1/279



-


| Bear Stearns ! ------------- ----------------- ------------- --------- ----------------- --__________

| Asset Backed Class III-A-2 $ 23,046,000 (1)(2)(3)| Securities I LLC, ----------------------------------------------------------------------------__________

| EMC Mortgage (1) The pass-through rates on these classes of certificates are adjustableor

| Corporation, variable rates as described under "Summary--Description of the

| LaSalle Bank Certificates--Pass-Through Rates" in this prospectus supplement.

| National (2) Subject to a cap as described in this prospectus supplement.

| Association or any (3) Subject to a step-up if the optional termination right is notexercised.

| of their

| affiliates. The certificates represent interests in a pool of fixed and adjustable rate,conventional, closed-end sub-prime mortgage loans that are secured by first

andThis prospectus second liens on one- to four-family residential properties.supplement may beused to offer and Credit enhancement will be provided bysell the offeredcertificates only o excess spreadif accompanied by o overcollateralizationthe prospectus. o cross-collateralization

--------------------- o the interest rate swap agreemento subordination of the Class M-1, Class M-2, Class M-3, Class M-4, Class

M-5,Class M-6, Class M-7 and Class M-8 Certificates

</TABLE>

NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION HAS APPROVED THESESECURITIES OR DETERMINED THAT THIS PROSPECTUS SUPPLEMENT OR THE PROSPECTUS ISACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

THE ATTORNEY GENERAL OF THE STATE OF NEW YORK HAS NOT PASSED ON OR ENDORSED THEMERITS OF THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

Bear, Stearns & Co. Inc., as the underwriter, will offer the certificates listedabove at varying prices to be determined at the time of sale.


book-entry form only through the facilities of The Depository Trust Company,Clearstream and Euroclear, in each case, on or about February 28, 2005.

BEAR, STEARNS & CO.e INC. ~The date of the prospectus supplement is February 24, 2005

<PAGE>

TABLE OF CONTENTS

PROSPECTUS SUPPLEMENT

SUMMARY......................................................................S-4RISK FACTORS................................................................S-14THE MORTGAGE POOL...........................................................S-27SERVICING OF THE MORTGAGE LOANS.............................................S-34DESCRIPTION OF THE CERTIFICATES.............................................S-41

YIELD, PREPAYMENT AND MATURITY CONSIDERATIONS...............................S-74USE OF PROCEEDS.............................................................S-94FEDERAL INCOME TAX CONSEQUENCES.............................................S-94STATE TAXES.................................................................S-97ERISA CONSIDERATIONS........................................................S-98Schedule A...................................................................A-1ANNEX I

https://www.sec.gov/Archives/edgar/data/1283557/000088237705000417/d308467.txt 2/279



1/17/2018 https://www.sec.gov/Archives/edgar/data/1 319305/000088237705000510/d308918.txt

<DOCUMENT><TYPE>EX-4. 1<SEQUENCE>2< F ILENAME >d388918. txt<DESCRIPTION>POOLING AND SERVICING AGREEMENT<TEXT>

BEAR STEARNS ASSET BACKED SECURITIES I LLCJ

Depositor,

EMC MORTGAGE CORPORATION J

Seller and Master Ser vicer,

and

LASALLE BANK NATIONAL ASSOCIATION J

Trustee


Dated as of February 1, 2885

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2885-HE2

ASSET-BACKED CERTIFICATES J SERIES 2885-HE2

<PAGE>

TABLE OF CONTENTS

<TABLE><CAPTION>

PAGEARTICLE I

DEFINITIONS

<S> <C><C>Section 1.81 DefinedT ermso~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ e6Section 1.82 Allocation of Certain Inter estS hortfalls..................................................75

ARTICLE II

CONVEYANCE OF TRUST FUND REPRESENTATIONS AND WARRANTIES

Section 2.81 Conveyance of TrustFundo~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 077Section 2.82 Acceptance of the MortgageLoanso~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ s79Section 2.83 Representations, Warranties and Covenants of the Master Servicer and the

https://www.sec.gov/Archives/edgar/data/1 319305/000088237705000510/d308918.txt 1/270



Purchaser"



CMO Holdings H Ltd.

(Issuer)

SERIES BSABS HE2 NIM TRUST 2005-2



This memorandum is designed to be delivered by Bear, Stearns & Co. Inc to permitted offerees solely via e-mail as a non-

editable PDF file. This memorandum may not be forwarded, transmitted, copied or otherwise reproduced by any recipienthereof in any manner whatsoever.

If this memorandum was received by any means other than via e-mail or other electronic transmission from [email protected] or

any other sender authorized by Bear, Stearns & Co. Inc., there is a presumption that this memorandum has been improperlyreproduced and circulated, in which case Bear Stearns Structured Products Inc. and Bear, Stearns & Co. Inc. disclaim anyresponsibility for its contents and use.

No person has been authorized to give any information or to make any representations other than those contained in thismemorandum and, if given or made, such information or representations must not be relied upon. The delivery of thismemorandum at any time does not imply that the information herein is correct as of any time subsequent to its date.


offering of the Series BSABS HE2 NIM Trust 2005-2, Class A-1, Class A-2 and Class A-3 Notes (together, theNotes""Offered Notes") described herein to the person named above. The Issuer has not authorized or assumed any



The Offered Notes may only be offered (i) to "qualified institutional buyers" within the meaning of Rule 144Aunder the Securities Act and (ii) with respect to the Class A-1 Notes and Class A-2 Notes only, to non-U.S. personsoutside the United States in compliance with Regulation S under the Securities Act. It is expected that delivery ofthe Class A-1 Notes and Class A-2 Notes will be made in book-entry form through the Same-Day Funds SettlementSystem of The Depository Trust Company, which may include delivery through Clearstream, société anonyme orEuroclear Bank SA/NV on or about February 28, 2005 against payment therefor in immediately available funds.The Class A-3 Notes will be issued in certificated fully-registered form and will be delivered to purchasers inphysical form. The information contained herein is confidential and may not be reproduced in whole or in part.


February 28, 2005




as Issuer

and



INDENTURE


BSABS HE2 NIM TRUST 2005-2

Class A-1 Notes

Class A-2 Notes

Class A-3 Notes

Class C Notes



BSABS 2005-HE4

~«IM >ooz zpq~




<DOCUMENT><TYPE>424B5<SEQUENCE>1<FILENAME>d323489.txt<DESCRIPTION>BEAR STEARNS ASSET BACKED SECURITIES I LLC<TEXT>

PROSPECTUS SUPPLEMENT(To Prospectus dated April 26, 2004)

$544,124,000

(APPROXIMATE)

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE4ISSUER

ASSET-BACKED CERTIFICATES, J SERIES 2005-HE4

EMC MORTGAGE CORPORATIONSELLER AND MASTER SERVICER


The issuer is offering the following classes of certificates pursuant to thisprospectus supplement and the accompanying prospectus:

________________________________________________________________________________

Consider carefully the risk factors beginning on page S-15 in this prospectussupplement and on page 4 in the prospectus.

The certificates represent obligations of the trust only and do not represent aninterest in or obligation of Bear Stearns Asset Backed Securities I LLC, EMCMortgage Corporation, LaSalle Bank National Association or any of theiraffiliates.

This prospectus supplement may be used to offer and sell the offeredcertificates only if accompanied by the prospectus.

________________________________________________________________________________

<TABLE><CAPTION>

ORIGINALORIGINAL CERTIFICATE PASS-THROUGH CERTIFICATE

CLASS PRINCIPAL BALANCE RATE CLASS PRINCIPAL BALANCEPASS-THROUGH RATE________________ _______________________ ____________ _______________ ____________________________________

<S> <C> <C> <C> <C><C>Class I-A-1 $ 112,663,000 (1)(2) Class IV-A-2 $ 25,316,000

(1)(2)(3)Class I-A-2 $ 44,863,000 (1)(2)(3) Class M-1 $ 42,466,000

(1)(2)(3)Class I-A-3 $ 10,624,000 (1)(2)(3) Class M-2 $ 32,840,000

(1)(2)(3)Class II-A-1 $ 18,251,000 (1)(2)(3) Class M-3 $ 9,059,000

(1)(2)(3)Class II-A-2 $ 4,563,000 (1)(2)(3) Class M-4 $ 7,927,000

(1)(2)(3)

https://www.sec.gov/Archives/edgar/data/1 283557/000088237705001007/d323489.txthttps://www.sec.gov/Archives/edgar/data/1283557/000088237705001007/d323489.txt 1/3301/330



-


Class III-A-1 $ 96,106,000 (1)(2)(3) Class M-5 $ 7,927,000

(1)(2)(3)Class III-A-2 $ 24,027,000 (1)(2)(3) Class M-6 $ 6,228,000

(1)(2)(3)Class IV-A-1 $ 101,264,000 (1)(2)(3)</TABLE>

(1) The pass-through rates on these classes of certificates are adjustable orvariable rates as described under "Summary--Description-Descr of theCertificates--Pass-Through Rates" in this prospectus supplement.

(2) Subject to a cap as described in this prospectus supplement.

(3) Subject to a step-up if the optional termination right is not exercised.

The certificates represent interests in a pool of fixed and adjustable rate,conventional, closed-end sub-prime mortgage loans that are secured by first andsecond liens on one- to four-family residential properties.


o excess spread;o overcollateralization;o cross-collateralization;o the interest rate swap agreement; ando subordination of the Class M-1, Class M-2, Class M-3, Class M-4,

Class M-5, Class M-6, Class M-7 and Class M-8 Certificates.



Bear, Stearns 8 Co. Inc., as the underwriter, will offer the certificates listedabove at varying prices to be determined at the time of sale.


book-entry form only through the facilities of The Depository Trust Company,Clearstream and Euroclear, in each case, on or about April 29, 2005.

BEAR, STEARNS & CO. INC.The date of the prospectus supplement is April 26, 2005

<PAGE>

TABLE OF CONTENTS


SUMMARY......................................................................S-40 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 0RISK FACTORS................................................................S-15THE MORTGAGE POOL...........................................................S-29SERVICING OF THE MORTGAGE LOANS.............................................S-36DESCRIPTION OF THE CERTIFICATES.............................................S-45THE INTEREST RATE SWAP AGREEMENT............................................S-75

YIELD, PREPAYMENT AND MATURITYCONSIDERATIONS..............................................................S-80~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ oS-88USE OF PROCEEDS............................................................S-102FEDERAL INCOME TAX CONSEQUENCES............................................S-102STATE AND OTHER TAXES......................................................S-106ERISA CONSIDERATIONS.......................................................S-106METHOD OF DISTRIBUTION.....................................................S-109

https://www.sec.gov/Archives/edgar/data/1 283557/000088237705001007/d323489.txthttps://www.sec.gov/Archives/edgar/data/1283557/000088237705001007/d323489.txt 2/3302/330



EX-4.1 2 d323981-ex4_1.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,



and


Trustee


Dated as of April 1, 2005



file:///C/Users/eyaro/Desktop/d323981-ex4 1.htm[1/17/2018 5:58:01 PM]





CMO Holdings II Ltd.

(Issuer)




This memorandum is designed to be delivered by Bear, Stearns A, Co. Inc. to permitted offerees solely via e-mail asa non-editable PDF file. This memorandum may not be forwarded, transmitted, copied or otherwise reproduced byany recipient hereof in any manner whatsoever. If this memorandum was received by any means other than via e-

mail or other electronic transmission from rrosner bear.com or any other sender authorized by Bear, Stearns A, Co.

Inc., there is a presumption that this memorandum has been improperly reproduced and circulated, in which caseBear Stearns Structured Products Inc. and Bear, Stearns X Co. Inc. disclaim any responsibility for its contents anduse.


This memorandum has been prepared by CMO Holdings II Ltd. (the "Issuer") for use solely in connection with the

offering of the Series BSABS HE4 NIM Trust 2005-4, Class A-l, Class A-2 and Class A-3 Notes (collectively, the"Offered Notes"

) described herein to the intended recipient of this memorandum. The Issuer has not authorized orassumed any liability for any use of this memorandum in connection with any other offer or sale of the OfferedNotes by Bear, Stearns A Co. Inc. (the "Initial Purchaser"

) or any other person.


The Offered Notes may only be offered (i) to "qualified institutional buyers" within the meaning of Rule 144Aunder the Securities Act and (ii) with respect to the Class A-1 Notes and Class A-2 Notes only, to non-U.S. personsoutside the United States in compliance with Regulation S under the Securities Act. It is expected that delivery ofthe Class A-1 Notes and Class A-2 Notes will be made in book-entry form through the Same-Day Funds SettlementSystem of The Depository Trust Company, which may include delivery through Clearstream, societe anonyme orEuroclear Bank SA/NV on or about April 29, 2005 against payment therefor in immediately available funds. TheClass A-3 Notes will be issued in certificated fully-registered form and will be delivered to purchasers in physicalform. The information contained herein is confidential and may not be reproduced in whole or in part.

Bear, Stearns A Co. Inc.

April 29, 2005




as Issuer

and



INDENTURE



Class A-1 Notes

Class A-2 Notes

Class A-3 Notes



BSABS 2005-HE11<v

R NTM S-HF.




424B5 1 d399884_all.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUS SUPPLEMENT(To Prospectus dated June 24, 2005)

$603,227,000(Approximate)

Bear Stearns Asset Backed Securities I Trust 2005-HE11Issuer

Asset-Backed Certificates, Series 2005-HE11

EMC Mortgage CorporationMaster Servicer


The issuer is offering the following classes of certificates pursuant to this prospectus supplement and theaccompanying prospectus:

Consider

carefully therisk factors

beginning on OriginalCertificate Pass-Through OriginalCertificate Pass-Throughpage S-13 in Class PrincipalBalance Rate Class PrincipalBalance Ratethis ClassA-1 $ 328,236,000 (1)(2) ClassM-4 $ 23,719,000 (1)(2)(3)prospectussupplementand on page4 in the ClassA-2 $ 122,392,000 (1)(2)(3) ClassM-5 $ 9,936,000 (1X2)(3)prospectus.

Thecertificates ClassA-3 $ 26,953,000 (1)(2)(3) ClassM-6 $ 10,577,000 (1X2X3)representobligations ofthe trust onlyand do not ClassM-1 $ 25,642,000 (1)(2)(3) ClassM-7 $ 8,334,000 (1X2X3)

represent aninterest in orobligation of

ClassM-2 $ 23,719,000 (1)(2)(3) ClassM-8 $ 7,052,000 (1X2X3)Bear StearnsAsset BackedSecurities ILLC, EMC ClassM-3 $ 16,667,000 (1)(2)(3)MortgageCorporation,LaSalle BankNationalAssociation or (1) Thepass-throughratesontheseclassesof certificatesareadjustableorvariableratesasdescribedunder"Summary-Descriptionof theCertificatesany of their -Pass-ThroughPass-ThroughRates"in thisprospectussupplement.

(2) Subjectto acapasdescribedin thisprospectussupplement.affiliates. (3) Subjectto astep-upif theoptionalterminationrightisnotexercised.

Thisprospectus The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-prime mortgage

supplement loans that are secured by first and second liens on one- to four-family residential properties.

may be usedto offer and Credit enhancement will be provided by:

sell the . excess spread;• overcollateralization·overcollateralization;offered '

certificates• the interest rate swap agreement;

only if• the yield maintenance agreement; and

accompanied • subordination of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class

by the M-8, Class M-9 and Class M-10 Certificates.

prospectus.






The Attorney General of the State of New York has not passed on or endorsed the merits of this offering.Any representation to the contrary is unlawful.


The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilitiesof The Depository Trust Company, Clearstream and Euroclear, in each case, on or about November 30, 2005.

Bear, Stearns 4 Co. Inc.The date of the prospectus supplement is November 28, 2005




1/17/2018 https://www.sec.gov/Archives/edgar/data/1345748/000088237705003545/d401170_exh4-1.htm

EX-4.1 2 d401170_exh4-1.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,



and


Trustee


Dated as of November 1, 2005



https://www.sec.gov/Archives/edgar/data/1345748/000088237705003545/d401170 exh4-1.htm 1/325



Purchaser"



CMO Holdings H Ltd.

(Issuer)



This memorandum is designed to be delivered by Bear, Stearns 4 Co. Inc. to permitted offerees solely via e-mail asa non-editable PDF file. This memorandum may not be forwarded, transmitted, copied or otherwisereproduced by any recipient hereof in any manner whatsoever.

If this memorandum was received by any means other than via e-mail or other electronic transmission fromrrosner(albear.com or any other sender authorized by Bear, Stearns & Co. Inc., there is a presumption thatthis memorandum has been improperly reproduced and circulated, in which case Bear Stearns StructuredProducts Inc. and Bear, Stearns & Co. Inc. disclaim any responsibility for its contents and use.



offering of the Series BSABS HE11 NIM Trust 2005-11, Class A-1, Class A-2 and Class A-3 Notes (collectively,the "Offered Notes")

Notes" described herein to the person named above. The Issuer has not authorized or assumed anyliability for any use of this memorandum in connection with any other offer or sale of the Offered Notes by Bear,Stearns & Co. Inc. (the "Initial Purchaser") or any other person.



book-entry form through the Same-Day Funds Settlement System of The Depository Trust Company, which mayinclude delivery through Clearstream, société anonyme or Euroclear Bank SA/NV on or about December 13, 2005against payment therefor in immediately available funds. The Class A-3 Notes will be issued in certificated fully-



December 13, 2005




as Issuer

and



INDENTURE



Class A-1 Notes

Class A-2 Notes

Class A-3 Notes



J.BSABSMU~MU 2006-EC1<VVV WM

R SNTM 2006-F,(.1




424B5 1 d420336 424b5.11tm BEAR STEARNS ASSET BACKED SECURITIES 2006-EC1

Consider carefully the risk factors beginning on page S-14 in this prospectus supplement and on page 4 inthe prospectus.

The certificates represent obligations of the trust only and do not represent an interest in or obligation of BearStearns Asset Backed Securities I LLC, EMC Mortgage Corporation, LaSalle Bank National Association or any oftheir affiliates.

This prospectus supplement may be used to offer and sell the offered certificates only if accompanied by theprospectus

PROSPECTUS SUPPLEMENT(To Prospectus dated June 24, 2005)


Bear Stearns Asset Backed Securities I Trust 2006-EC1Issuing Entity

Asset-Backed Certificates, Series 2006-EC1

EMC Mortgage CorporationSponsor and Master Servicer


The issuing entity is offering the following classes of certificates pursuant to this prospectus supplement and theaccompanying prospectus:

OriginalCertificate Pass-Through OriginalCertificate Pass-ThroughClass PrincipalBalance Rate Class PrincipalBalance Rate

ClassA-1 $ 246,294,000 (1)(2) ClassM-4 $ 18,690,000 (1)(2)(3)ClassA-2 $ 106,303,000 (1)(2)(3) ClassM-5 $ 8,115,000 (1)(2)(3)ClassA-3 $ 7,189,000 (1)(2)(3) ClassM-6 $ 7,624,000 (1)(2)(3)ClassM-1 $ 30,495,000 (1)(2)(3) ClassM-7 $ 7,131,000 (1)(2)(3)ClassM-2 $ 23,609,000 (1)(2)(3) ClassM-8 $ 5,164,000 (1)(2)(3)ClassM-3 $ 10,821,000 (1)(2)(3)

(1) Thepass-throughratesontheseclassesof certificatesareadjustableorvariableratesbasedonOne-MonthLIBORasdescribedunder"Summary-Descriptionof theCertificates-Pass-ThroughRates"in thisfreewritingprospectus.

(2) Subjecttoacapasdescribedin thisfreewritingprospectus.(3) Subjecttoastep-upif theoptionalterminationrightisnotexercised.

The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-primemortgage loans that are secured by first liens on one- to four-family residential properties.

Credit enhancement will be provided by:• excess spread;• overcollateralization;• the interest rate swap agreement;• the yield maintenance agreement; and• subordination of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7,

Class M-8 and M-9 Certificates.The interest rate swap agreement and the yield maintenance agreement will each be between the

supplemental interest trust trustee and Bear Stearns Financial Products Inc. for the benefit of thecertificateholders.


The Attorney General of the State of New York has not passed on or endorsed the merits of this offering.Any representation to the contrary is unlawful.










The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilitiesof The Depository Trust Company, Clearstream and Euroclear, in each case, on or about January 30, 2006.

Bear, Stearns 4 Co. Inc.The date of the prospectus supplement is January 26, 2006




1/17/2018 https://www.sec.gov/Archives/edgar/data/1349357/000088237706000460/d424116_ex4-1htm.htm

EX-4.1 2 d424116_ex4-1htm.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,


Sponsor and Master Servicer,

and


Trustee



BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2006-EC1


https://www.sec.gov/Archives/edgar/data/1349357/000088237706000460/d424116 ex4-1htm.htm 1/920



Purchaser"



CMO Holdings H Ltd.

(Issuer)



This memorandum is designed to be delivered by Bear, Stearns 4 Co. Inc. to permitted offerees solely via e-mail asa non-editable PDF file. This memorandum may not be forwarded, transmitted, copied or otherwise reproduced byany recipient hereof in any manner whatsoever.

If this memorandum was received by any means other than via email or other electronic transmission [email protected] or any other sender authorized by Bear, Stearns & Co. Inc., there is a presumption that thismemorandum has been improperly reproduced and circulated, in which case Bear Stearns Structured Products Inc.and Bear, Stearns 4 Co. Inc. disclaim any responsibility for its contents and use.







book-entry form through the Same-Day Funds Settlement System of The Depository Trust Company, which mayinclude delivery through Clearstream, société anonyme or Euroclear Bank SA/NV on or about February 6, 2006against payment therefor in immediately available funds. The Class A-3 Notes will be issued in certificated fully-



February 6, 2006




as Issuer

and



INDENTURE


BSABS EC1 NIM TRUST 2006-1

Class A-1 Notes

Class A-2 Notes

Class A-3 Notes



BSABS 2006-EC2&'V'VD

RSNTM 2006-F.(.2




424B5 1 d439399 424b5.11tII1 BEAR STEARNS ASSET BACKED SECURITIES 2006-EC2Consider carefully the risk factors beginning on page S-14 in this prospectus supplement and on page 4 inthe prospectus.

Thecertificatesrepresentobligationsof the trust only anddo not representaninterestin or obligation of BearStearnsAssetBackedSecuritiesI LLC, EMC MortgageCorporation,LaSalleBankNational Associationor anyoftheir affiliates.

This prospectussupplementmay be used to offer and sell the offered certificates only if accompaniedby theprospectus.

PROSPECTUSSUPPLEMENT(To ProspectusdatedJune24, 2005)


Bear StearnsAssetBacked Securities I Trust 2006-EC2Issuing Entity

Asset-BackedCertificates, Series2006-EC2

EMC Mortgage CorporationSponsorand Master Servicer

Bear StearnsAssetBacked Securities I LLCDepositor

The issuingentity is offering the following classesof certificatespursuantto this prospectussupplementandtheaccompanyingprospectus:

OriginalCertificate Pass-Through OriginalCertificate Pass-ThroughClass PrincialBalance Rate Class PrincialBalance Rate

ClassA-1 $175,089,000 (~)(~) ClassM-4 $9,126,000 (i)(~)(3)ClassA-2 $105,546,000 (i)(~)(3) ClassM-5 $8,458,000 (i)(~)(3)ClassA-3 $26,867,000 (i)(~)(3) ClassM-6 $7,568,000 (i)(~)(3)ClassA-4 $14,138,000 (i)(~)(3) ClassM-7 $7,123,000 (i)(~)(3)ClassM-1 $27,378,000 (i)(~)(3) ClassM-8 $6,232,000 (i)(~)(3)ClassM-2 $22,704,000 (i)(~)(3) ClassM-9 $5,342,000 (i)(~)(3)ClassM-3 $10,017,000 (i)(~)(3)

(1) Thepass-throughratesontheseclassesofcertificatesareadjustableorvariableratesbasedonOne-MonthLIBORasdescribedunder"SummaryDescriptionoftheCertificatesPass-ThroughRates"inthisprospectussupplement.

(2) Subjecttoacapasdescribedinthisprospectussupplement.(3) Subjecttoastep-upif theoptionalterminationrightisnotexercised.

Thecertificatesrepresentinterestsinapooloffixedandadjustablerate,conventional,closed-endsub-primemortgageloansthataresecuredbyfirstliensonone-tofour-familyresidentialproperties.

Credit enhancementwill beprovidedby:

~ excessspread;~ overcollateralization;~ the interestrateswapagreement;~ theyield maintenanceagreement;and~ subordinationof the ClassM-l, ClassM-2, ClassM-3, ClassM-4, ClassM-5, ClassM-6, ClassM-7,

ClassM-8, ClassM-9 andM-10 Certificates.The interestrateswapagreementandtheyield maintenanceagreementwill eachbebetweenthe supplementalinteresttrust trusteeandBearStearnsFinancialProductsInc. for thebenefit of the ClassA certificateholdersandClassM certificateholders.

Neither the SEC nor any state securities commission has approved these securities or determined thatthis prospectus supplement or the prospectus is accurate or complete.Any representation to the contraryis a criminal offense.

The Attorney General of the State of New York has not passedon or endorsedthe merits of this offering.Any representation to the contrary is unlawful.





Bear, Stearns2 Co. Inc., as the underwriter, will offer the certificates listed above at varying prices to bedeterminedat the time of sale.

The underwriter will deliver to purchasersof the offered certificates in book-entry form only through thefacilities of The DepositoryTrust Company,ClearstreamandEuroclear,in eachcase,on or aboutFebruary28,2006.

Bear, Stearns 4 Co. Inc.Thedateof theprospectussupplementis February21, 2006




~

1/17/2018 https://www.sec.gov/Archives/edgar/data/1352655/000088237706000801/d442958_ex4-1.htm

EX-4.1 3 d442958_ex4-1.htm POOLING AND SERVICING AGREEMENT

BEAR STEARNSASSET BACKEDSECURITIES I LLC,

Depositor,

EMCMORTGAGECORPORATION,


and


Trustee

____________________

POOLINGAND SERVICING AGREEMENT


________________________________________

BEAR STEARNSASSET BACKEDSECURITIES I TRUST 2006-EC2

ASSET-BACKEDCERTIFICATES,p SERIES 2006-EC2

TABLE OF CONTENTS

ARTICLE I

DEFINITIONS

Section 1.01 Defined Terms..............................................................................Section 1.02 Allocation of Certain Interest Shortfalls..................................................

ARTICLE II

CONVEYANCEOF TRUST FUND

Section 2.01 Conveyance of Trust Fund...................................................................Section 2.02 Acceptance of the Mortgage Loans...........................................................Section 2.03 Representations, Warranties and Covenants of the Master Servicer and The Sponsor...........Section 2.04 Representations and Warranties of the Depositor............................................Section 2.05 Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases............Section 2.06 Countersignature and Delivery of Certificates..............................................Section 2.07 Purposes and Powers of the Trust...........................................................

ARTICLE III

ADMINISTRATION AND SERVICING OF THE MORTGAGELOANS

Section 3.01 The Master Servicer to act as Master Servicer..............................................Section 3.02 Due-on-Sale Clauses; Assumption Agreements.................................................Section 3.03 Subservicers...............................................................................Section 3.04 Documents, Records and Funds in Possession of the Master Servicer To Be Held for

Trustee....................................................................................~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Section 3.05 Maintenance of Hazard Insurance............................................................Section 3.06 Presentment of Claims and Collection of Proceeds...........................................Section 3.07 Maintenance of the Primary Mortgage Insurance Policies.....................................Section 3.08 Fidelity Bond, Errors and Omissions Insurance..............................................Section 3.09 Realization Upon Defaulted Mortgage Loans; Determination of Excess Liquidation

Proceeds and Realized Losses; Repurchases of Certain Mortgage Loans........................Section 3.10 Servicing Compensation.....................................................................Section 3.11 REO Property...............................................................................Section 3.12 Liquidation~J ~ Reports........................................................................Section 3.13 Annual Statement as to Compliance..........................................................Section 3.14 Assessments of Compliance and Attestation Reports..........................................Section 3.15 Books and Records..........................................................................Section 3.16 Reports Filed with Securities and Exchange Commission......................................Section 3.17 Intention of the Parties and Interpretation................................................Section 3.18 UCC........................................................................................~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Section 3.19 Optional Purchase of Certain Mortgage Loans................................................Section 3.20 Obligations of the Master Servicer in Respect of Mortgage Rates and Scheduled Payments.....Section 3.21 Reserve Fund; Payments to and from Derivative Administrator; Supplemental Interest

Trust......................................................................................o~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~




Purchaser"



CMO Holdings H Ltd.

(Issuer)












book-entry form through the Same-Day Funds Settlement System of The Depository Trust Company, which mayinclude delivery through Clearstream, société anonyme or Euroclear Bank SA/NV on or about March 13, 2006against payment therefor in immediately available funds. The Class A-3 Notes will be issued in certificated fully-



March 13, 2006



CMO I $OI.DING'5 I I LTD.

as Issuer

and

I,ASAI,I,I.'13ANK NA'I'IONAL ASSOCIATION


IN DI'.NTURI:

Dated as of March 13, 2006

BSAB'S VC2 NIM I'RUS'I'2006-2

Class A-I Notes

Class A-2 Notes

Class A-3 Notes



<v

R NTM -HF.



3/1/2018 https://www.sec.gov/Archives/edgar/data/1349160/000088237706000277/d421808_424b5.txt

<DOCUMENT><TYPE>424B5<SEQUENCE>1

<DESCRIPTION>BEAR STEARNS ASSET BACKED SECURITIES I LLC<TEXT>

CONSIDER CAREFULLY THE RISK FACTORS BEGINNING ON PAGE S-18 IN THIS PROSPECTUSSUPPLEMENT AND ON PAGE 4 IN THE PROSPECTUS.

The certificates represent obligations of the trust only and do not representan interest in or obligation of Bear Stearns Asset Backed Securities I LLC,EMC Mortgage Corporation, LaSalle Bank National Association or any of theiraffiliates.

PROSPECTUS SUPPLEMENT(To Prospectus dated June 24, 2005)

$626,334,000

(APPROXIMATE)

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2006-HE1ISSUING ENTITY


EMC MORTGAGE CORPORATIONSPONSOR AND MASTER SERVICER


________________

The issuing entity is offering the following classes of certificates pursuant tothis prospectus supplement and the accompanying prospectus:This prospectus supplement may be used to offer and sell the offeredcertificates only if accompanied by the prospectus.

<TABLE><CAPTION>

ORIGINAL CERTIFICATECERTIFICATE PASS-THROUGH PRINCIPAL PASS-

THROUGHCLASS PRINCIPAL BALANCE RATE CLASS BALANCE RATE

________________ ____________________ ________________ _____________ ___________________ _______________

<S> <C> <C> <C> <C> <C>Class I-A-1 $ 283,667,000 (1)(2) Class II-A-1 $ 54,259,000 (1)(2)

________________ ____________________ ________________ _____________ ___________________ _______________

Class I-A-2 $ 102,838,000 (1)(2)(3) Class II-A-2 $ 29,336,000 (1)(2)(4)________________ ____________________ ________________ _____________ ___________________ _______________

Class I-A-3 $ 14,565,000 (1)(2)(3) Class II-A-3 $ 3,810,000 (1)(2)(4)________________ ____________________ ________________ _____________ ___________________ _______________

Class I-M-1 $ 22,810,000 (1)(2)(3) Class II-M-1 $ 5,020,000 (1)(2)(4)________________ ____________________ ________________ _____________ ___________________ _______________

Class I-M-2 $ 20,909,000 (1)(2)(3) Class II-M-2 $ 4,606,000 (1)(2)(4)________________ ____________________ ________________ _____________ ___________________ ____________

https://www.sec.gov/Archives/edgar/data/1349160/000088237706000277/d421808 424b5.txt 1/342




___







</TABLE>

(1) The pass-through rates on these classes of certificates are adjustable orvariable rates as described under "Summary--Description of theCertificates--Pass-Through Rates" in this prospectus supplement.


(3) Subject to a step-up if the group I optional termination right is notexercised.

(4) Subject to a step-up if the group II optional termination right is notexercised.

The certificates represent interests in a pool of fixed and adjustable rate,conventional, closed-end sub-prime mortgage loans that are secured by first andsecond liens on one- to four-family residential properties.

Credit enhancement will be provided by:excess spread generated from the related loan group; oovercollateralization with respect to the related loan group;with respect to each group of offered certificates, the relatedinterest rate swap agreement;with respect to each group of offered certificates, the related yieldmaintenance agreement;with respect to the group I offered certificates, subordination of theClass I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class

I-M-6, Class I-M-7 and Class I-M-8 Certificates; andwith respect to the group II offered certificates, subordination of theClass II-M-1, Class II-M-2, Class II-M-3, Class II-M-4, Class II-M-5,Class II-M-6, Class II-M-7 and Class II-M-8 Certificates.

The interest rate swap agreements and the group yield maintenance agreementswill each be between the related supplemental interest trust trustee and therelated swap provider for the benefit of the related certificateholders.

The group I certificates and group II certificates will not becross-collateralized.



Bear, Stearns 8 Co. Inc., as the underwriter, will offer the certificates listed





above at varying prices to be determined at the time of sale.


book-entry form only through the facilities of The Depository Trust Company,Clearstream and Euroclear, in each case, on or about January 30, 2006.

BEAR, STEARNS & CO. INC.The date of the prospectus supplement is January 26, 2006

<PAGE>

TABLE OF CONTENTS


SUMMARY.....................................TRANSACTION STRUCTURE.......................RISK FACTORS................................THE MORTGAGE POOL...........................STATIC POOL INFORMATION.....................THE ISSUING ENTITY..........................THE DEPOSITOR...............................THE SPONSOR.................................SERVICING OF THE MORTGAGE LOANS.............DESCRIPTION OF THE CERTIFICATES.............THE GROUP I INTEREST RATE SWAP AGREEMENT....THE GROUP I YIELD MAINTENANCE AGREEMENT.....THE GROUP II INTEREST RATE SWAP AGREEMENT...THE GROUP II YIELD MAINTENANCE AGREEMENT....THE DERIVATIVE ADMINISTRATION AGREEMENT.....

YIELD, PREPAYMENT AND MATURITYCONSIDERATIONSS-120 USE OF PROCEEDS.........FEDERAL INCOME TAX CONSEQUENCES.............STATE AND OTHER TAXES.......................ERISA CONSIDERATIONS........................METHOD OF DISTRIBUTION......................LEGAL MATTERS...............................LEGAL PROCEEDINGS...........................

AFFILIATIONS, RELATIONSHIPS ANDRELATED TRANSACTIONS........................RATINGS.....................................~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~LEGAL INVESTMENT............................AVAILABLE INFORMATION.......................REPORTS TO CERTIFICATEHOLDERS...............INCORPORATION OF INFORMATION BY REFERENCE...INDEX OF DEFINED TERMS......................SCHEDULE A..................................ANNEX IGLOBAL CLEARANCE, p SETTLEMENT, AND TAXDOCUMENTATION PROCEDURES....................

PROSPECTUS

RISK FACTORS....................................DESCRIPTION OF THE SECURITIES...................THE TRUST FUNDS.................................CREDIT ENHANCEMENT..............................SERVICING OF LOANS..............................THE AGREEMENTS..................................MATERIAL LEGAL ASPECTS OF THE LOANS.............THE DEPOSITOR...................................




1/17/2018 https://www.sec.gov/Archives/edgar/data/1349160/000088237706000465/d422821 ex4-1.htm

EX-4.1 2 1422821 ex4-1.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,



and


Trustee








Notes"


$14,650,000 Class I-A-1 Notes

$ 3,995,000 Class I-A-2 Notes

$ 3,150,000 Class I-A-3 Notes$4,191,000 Class H-A-1 Notes

$ 992,000 Class H-A-2 Notes

$ 675,000 Class H-A-3 Notes

CMO Holdings H Ltd.

(Issuer)








offering of the Series BSABS HEl NIM Trust 2006-1, Class I-A-1, Class I-A-2, Class I-A-3 (collectively, the"Class I-A Notes"), Class II-A-1, Class II-A-2 and Class II-A-3 Notes (collectively, the "Class II-A Notes" andtogether with the Class I-A Notes, the "Offered Notes")

Notes" described herein to the person named above. The Issuer hasnot authorized or assumed any liability for any use of this memorandum in connection with any other offer or sale ofthe Offered Notes by Bear, Stearns & Co. Inc. (the "Initial Purchaser")

Purchaser" or any other person.


The Offered Notes may only be offered (i) to "qualified institutional buyers" within the meaning of Rule 144Aunder the Securities Act and (ii) to non-U.S. persons outside the United States in compliance with Regulation Sunder the Securities Act. It is expected that delivery of the Class I-A-1, Class I-A-2, Class II-A-1 and Class II-A-2Notes will be made in book-entry form through the Same-Day Funds Settlement System of The Depository Trust

Company, which may include delivery through Clearstream, société anonyme or Euroclear Bank SA/NV on or aboutagainst payment therefor available andFebruary 15, 2006 in immediately funds. The Class I-A-3 Notes Class II-A-



3 Notes will be issued in certificated fully-registered form and will be delivered to purchasers in physical form. Theinformation contained herein is confidential and may not be reproduced in whole or in part.


February 15, 2006

~~-11-




as Issuer

and



INDENTURE


BSABS HEl NIM TRUST 2006-1

Class I-A-1 Notes

Class I-A-2 Notes

Class I-A-3 Notes

Class II-A-1 Notes

Class II-A-2 Notes

Class II-A-3 Notes



â€” ++BSABS 2006-HE3<v Vg

R,, p



3/1/2018 Unassociated Document

424B5 1 d468315 424b5.htm BEAR STEARNS ASSET BACKED SECU I TRUST 2006-HE3PROSPECTUS SUPPLEMENT(To Prospectus dated June 24, 2005)

$758,519,000

(Approximate)

Bear Stearns Asset Backed Securities I Trust 2006-HE3

Issuing Entity


LaSalle Bank National AssociationMaster Servicer and Securities Administrator

EMC Mortgage CorporationSponsor


Consider carefully the risk factors beginning on page S-15 in this prospectus supplement and on page 4 in the prospectus.

The certificates represent obligations of the trust only and do not represent an interest in or obligation of Bear Stearns Asset Backed Securities I LLC,EMC Mortgage Corporation, Citibank, N.A., LaSalle Bank National Association or any of their affiliates.

This prospectus supplement may be used to offer and sell the offered certificates only if accompanied by the prospectus.

The issuing entity is offering the following classes of certificates pursuant to this prospectus supplement and the accompanying prospectus:

Original Certificate Original CertificateClass Principal Balance Pass-Through Rate Class Principal Balance Pass-Through Rate

Class A-1 $396,254,000 ((1)(2) Class M-4 $16,265,000 (1)(2)(3)Class A-2 $171,485,000 (1)(2)(3) Class M-5 $15,075,000 )(1)(2)(3)Class A-3 $ 24,954,000 (1)(2)(3) Class M-6 $13,488,000 )(1)(2)(3)Class M-1 $ 38,481,000 )(1)(2)(3) Class M-7 $13,092,000 (1)(2)(3)Class M-2 $ 30,150,000 )(1)(2)(3) Class M-8 $11,505,000 )(1)(2)(3)Class M-3 $ 18,646,000 (1)(2)(3) Class M-9 $ 9,124,000 (1)(2)(3)

(1) The pass-through rates on these classes of certificates are adjustable or variable rates based on One-Month LIBOR as described under"Summary-Description of the Certificates-Pass-Through Rates" in this prospectus supplement.

(2)Subject to a cap as described in this prospectus supplement.

(3)Subject to a step-up if the optional termination right is not exercised.

The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-prime mortgage loans that are secured by firstand second liens on one- to four-family residential properties.


• excess spread;• overcollateralization;• the interest rate swap agreement;• the yield maintenance agreement; and• subordination of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and M-10

Certificates.





The interest rate swap agreement and the yield maintenance agreement will each be between the supplemental interest trust trustee and IXIS FinancialProducts Inc. for the benefit of the Class A certificateholders and Class M certificateholders.

Neither the SEC nor any state securities commission has approved these securities or determined that this prospectus supplement orthe prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

The Attorney General of the State of New York has not passed on or endorsed the merits of this offering. Any representation to the

contrary is unlawful.

Bear, Stearns & Co. Inc., as the underwriter, will offer the certificates listed above at varying prices to be determined at the time of sale.

The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilities of The Depository Trust

Company, Clearstream and Euroclear, in each case, on or about March 30, 2006.

Bear, Stearns 4 Co. Inc.The date of the prospectus supplement is March 27, 2006





EX-4.1 3 d473115_ex4-1.htm POOLING AND SERVICING AGREEMENTBEARSTEARNSASSETBACKEDSECURITIESI LLC,

Depositor,


SponsorandCompany,

LASALLE BANK NATIONALASSOCIATION,

MasterServicerandSecuritiesAdministrator,

And

CITIBANK,N.A.

Trustee

POOLINGAND SERVICINGAGREEMENT

Datedasof March1,2006

BEARSTEARNSASSETBACKEDSECURITIESI TRUST2006-HE3

ASSET-BACKEDCERTIFICATES,SERIES2006-HE3




Notes"Notes"

I'


$20,521,400 Class I-A-1 Notes $6,400,000 Class HI-A-1 Notes

$4,356,600 Class I-A-2 Notes $2,900,000 Class IH-A-2 Notes

$5,512,000 Class I-A-3 Notes $2,200,000 Class IH-A-3 Notes

$23,395,000 Class H-A-1 Notes $2,200,000 Class IH-A-4 Notes

$2,900,000 Class H-A-2 Notes $26,900,000 Class IV-A-1 Notes



$3,650,000 Class IV-A-4 Notes


(Issuer)

BEAR STEARNS STRUCTURED PRODUCTS INC, NIM TRUST 2006-16

SERIES 2006-16

This memorandum is designed to be delivered by Bear, Stearns & Co., Inc. to permitted offerees solely via email asa non-editable PDF file. This memorandum may not be forwarded, transmitted, copied or otherwise reproduced bya recipient thereof in any manner whatsoever.

If this memorandum was received by any means other than via email or electronic transmission [email protected] or any other sender authorized by Bear, Stearns & Co., Inc., there is a presumption that thismemorandum has been improperly reproduced and circulated, in which case Bear Stearns Structured Products Inc.and Bear, Stearns & Co., Inc. disclaim any responsibility for its content and use.



offering of the Bear Stearns Structured Products Inc. NIM Trust 2006-16, Series 2006-16, Class I-A-1 Notes, ClassI-A-2 Notes and Class I-A-3 Notes (collectively, the "Group I Notes"),

Notes" Class II-A-1 Notes, Class II-A-2 Notes,Class II-A-3 Notes and Class II-A-4 Notes (collectively, the "Group II Notes"), Class III-A-1 Notes, Class III-A-2Notes, Class III-A-3 Notes and Class III-A-4 Notes (collectively, the "Group III Notes") and Class IV-A-1 Notes,Class IV-A-2 Notes, Class IV-A-3 Notes and Class IV-A-4 Notes (collectively, the "Group IV Notes"

and, togetherwith the Group I Notes, Group II Notes and Group 111Notes, the "Offered Notes")

Notes" described herein to the personnamed above. The Issuer has not authorized or assumed any liability for any use of this memorandum in connectionwith any other offer or sale of the Offered Notes by Bear, Stearns & Co. Inc. (the "Initial Purchaser")

Purchaser" or any otherperson.

INVESTORS INTERESTED IN PURCHASING THE OFFERED NOTES SHOULD REVIEW THEINDENTURE (AS DESCRIBED HEREIN) IN CONJUNCTION WITH THIS MEMORANDUM. INADDITION, SUCH INVESTORS SHOULD REVIEW IN CONJUNCTION WITH THIS MEMORANDUM,WITH RESPECT TO EACH OF THE UNDERLYING CERTIFICATES, THE DISCLOSURE EXHIBITS,INCLUDING THE EXHIBITS THERETO, WHICH INCLUDE THE RELATED PROSPECTUS AND THERELATED UNDERLYING POOLING AND SERVICING AGREEMENT (IN EACH CASE, ASDESCRIBED HEREIN).



The Offered Notes may only be offered (i) to "qualified institutional buyers" within the meaning of Rule 144Aunder the Securities Act and (ii) to non U.S. persons outside the United States in compliance with Regulation Sunder the Securities Act. It is expected that delivery of the (a) Class I-A-1 Notes, Class I-A-2 Notes, Class II-A-1

Notes, Class II-A-2 Notes, Class III-A-1 Notes, Class III-A-2 Notes, Class III-A-3 Notes, Class IV-A-1 Notes andClass IV-A-2 Notes will be made in book entry form through the Same Day Funds Settlement System of The

Depository Trust Company, which may include delivery through Clearstream, société anonyme or Euroclear Bank

SA/NV, and (b) the Class I-A-3 Notes, Class II-A-3 Notes, Class II-A-4 Notes, Class III-A-4 Notes, Class IV-A-3Notes and Class IV-A-4 Notes will initially be made in fully registered, certificated form on or about April 24, 2006against payment therefor in immediately available funds. The information contained herein is confidential and maynot be reproduced in whole or in part.


April 24, 2006

11



Execution Copy


as Issuer

and



INDENTURE


BEAR STEARNS STRUCTURED PRODUCTS INC. NIM TRUST 2006-16

SERIES 2006-16

Class I-A-1 Notes Class III-A-1 Notes



Class II-A-1 Notes Class III-A-4 Notes

Class II-A-2 Notes Class IV-A-1 Notes



Class IV-A-4 Notes

ny-fs151175134v05




â€”R P N




424B5 1 d506837.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUS SUPPLEMENT(To Prospectus dated April 5, 2006)

$396,674,000

(Approximate)


Issuing Entity




The issuing entity is offering the following classes of certificates pursuant to this prospectus supplement and the accompanying prospectus:

Consider carefully the risk factors beginning on page S-15 in this prospectus supplement and on page 4 in the prospectus.The certificates represent obligations of the trust only and do not represent an interest in or obligation of Bear Stearns Asset Backed Securities I LLC, EMCMortgage Corporation, LaSalle Bank National Association or any of their affiliates.



Class I-A-1 $ 101,384,000 (1)(2) Class M-4 $ 7,822,000 (1)(2)(3)Class I-A-2 $ 42,862,000 (1)(2)(3) Class M-5 $ 7,411,000 (1)(2)(3)Class I-A-3 $ 10,744,000 (1)(2)(3) Class M-6 $ 6,587,000 (1)(2)(3)Class II-A $ 162,020,000 (1)(2)(3) Class M-7 $ 6,381,000 (1)(2)(3)Class M-1 $ 16,880,000 (1)(2)(3) Class M-8 $ 5,970,000 (1)(2)(3)Class M-2 $ 15,027,000 (1)(2)(3) Class M-9 $ 4,323,000 (1)(2)(3)Class M-3 $ 9,263,000 (1)(2)(3)

(1) The pass-through rates on these classes of certificates are adjustable rates based on One-Month LIBOR as described under "Summary-"Summar/Description of the Certificates-Pass-Through Rates" in this prospectus supplement.

(2)Subject to a cap as described in this prospectus supplement.

(3)Subject to a step-up if the optional termination right is not exercised.

The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-prime mortgage loans that are secured by first andsecond liens on one- to four-family residential properties.


• excess spread;• overcollateralization;• cross-collateralization;• the interest rate swap agreement; and• subordination of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and ClassM-11 Certificates.The interest rate swap agreement will be between the supplemental interest trust trustee and Wachovia Bank, N.A. for the benefit of the Class Acertificateholders and Class M certificateholders.

Neither the SEC nor any state securities commission has approved these securities or determined that this prospectus supplement or theprospectus is accurate or complete. Any representation to the contrary is a criminal offense.



https://www.sec.gov/Archives/edgar/data/1361440/000088237706001835/d506837.htm 1/199





The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilities of The Depository TrustCompany, Clearstream and Euroclear, in each case, on or about May 30, 2006.

Bear, Stearns & Co. Inc.The date of the prospectus supplement is May 23, 2006

https://www.sec.gov/Archives/edgar/data/1361440/000088237706001835/d506837.htm 2/199




EX-4.1 3 d509826_8k.htm POOLING AND SERVICING AGREEMENT

BEARSTEARNSASSETBACKEDSECURITIESI LLC,

Depositor,


SellerandMasterServicer,

and

LASALLEBANK NATIONALASSOCIATION,

Trustee


Datedasof May 1,2006



https://www.sec.gov/Archives/edgar/data/1361440/000088237706002107/d509826 8k.htm 1/256



Notes"Notes"

Purchaser"


Series BSSP NIM Trust 2006-18-I Series BSSP NIM Trust 2006-18-H Series BSSP NIM Trust 2006-18-HI

$16,370,000 Class I-A-1 Notes $10,095,000 Class II-A-1 Notes $31,525,000 Class III-A-1 Notes$1,540,000 Class I-A-2 Notes $2,215,000 Class II-A-2 Notes $4,650,000 Class III-A-2 Notes$750,000 Class I-A-3 Notes $2,785,000 Class II-A-3 Notes $1,800,000 Class III-A-3 Notes$5,000,000 Class I-A-4 Notes $411,700,972* Class II-C Notes $9,050,000 Class III-A-4 Notes$1,843,507,031* Class I-C Notes $608,483,947* Class III-C Notes* Initial Notional Amount.

CMO HOLDINGS IH LTD.

(Issuer)


SERIES 2006-18-ISERIES 2006-18-H

SERIES 2006-18-HI

THIS MEMORANDUM IS DESIGNED TO BE DELIVERED BY BEAR, STEARNS 4 CO. INC. TOPERMITTED OFFEREES SOLELY VIA EMAIL AS A NON-EDITABLE PDF FILE. THIS MEMORANDUM

MAY NOT BE FORWARDED, TRANSMITTED, COPIED OR OTHERWISE REPRODUCED BY ARECIPIENT THEREOF IN ANY MANNER WHATSOEVER.

If this memorandum was received by any means other than via email or electronic transmission [email protected] or any other sender authorized by Bear, Stearns & Co. Inc., there is a presumption that thismemorandum has been improperly reproduced and circulated, in which case Bear Stearns Structured Products Inc.and Bear, Stearns 4 Co. Inc. disclaim any responsibility for its content and use.


This memorandum has been prepared by CMO Holdings III Ltd. (the "Issuer")"Issuer" for use solely in connection with the

offering of the Bear Stearns Structured Products Inc. NIM Trust 2006-18, Series 2006-18-I, Class I-A-1, Class I-A-

2, Class I-A-3, Class I-A-4 and Class I-C Notes (collectively, the "Series I Notes"), Series 2006-18-II, Class II-A-1,Class II-A-2, Class II-A-3 and Class II-C Notes (collectively, the "Series II Notes") and Series 2006-18-III, Class

III-A-1, Class III-A-2, Class III-A-3, Class III-A-4 and Class III-C Notes (collectively, the "Series III Notes"and,

together with the Series I Notes and Series II Notes, the "Notes")."Notes" The Issuer has not authorized or assumed anyliability for any use of this memorandum in connection with any other offer or sale of the Notes by Bear, Stearns 4Co. Inc. (the "Initial Purchaser") or any other person.

INVESTORS INTERESTED IN PURCHASING THE NOTES OF EACH SERIES SHOULD REVIEW THEINDENTURE (AS DESCRIBED HEREIN) AND THE FISCAL AGENCY AGREEMENT (AS DEFINED

HEREIN) IN CONJUNCTION WITH THIS MEMORANDUM. IN ADDITION, SUCH INVESTORSSHOULD REVIEW IN CONJUNCTION WITH THIS MEMORANDUM, WITH RESPECT TO EACH OFTHE UNDERLYING CERTIFICATES RELATED TO EACH SERIES, THE DISCLOSURE EXHIBITS,INCLUDING THE EXHIBITS THERETO, WHICH INCLUDE THE RELATED PROSPECTUS AND THERELATED UNDERLYING POOLING AND SERVICING AGREEMENT (IN EACH CASE, ASDESCRIBED HEREIN).



CMO HOLDINGS III LTD.

AS ISSUER

AND


AS INDENTURE TRUSTEE

INDENTURE

DATED AS OF JUNE 23, 2006


SERIES 2006-18-I

SERIES 2006-18-II

SERIES 2006-18-III

$16,370,000 Class I-A-1 Notes $10,095,000Class II-A-1 Notes $31,525,000 Class III-A-1 Notes

$1,540,000 Class I-A-2 Notes $2,215,000 Class II-A-2 Notes $4,650,000 Class III-A-2 Notes

$750,000 Class I-A-3 Notes $2,785,000 Class II-A-3 Notes $1,800,000 Class III-A-3 Notes




â€”R P N




424B5 1 d522511 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUS SUPPLEMENT(To Prospectus dated June 7, 2006)

$517,489,000

(Approximate)Bear Stearns Asset Backed Securities I Trust 2006-HE6

Issuing EntityAsset-Backed Certificates, Series 2006-HE6



The issuing entity is offering the following classes of certificates pursuant to this prospectus supplement andthe accompanying prospectus:


The certificates represent obligations of the trust only and do not represent an interest in or obligation of Bear Stearns Asset Backed Securities I LLC,EMC Mortgage Corporation, LaSalle Bank National Association or any of their affiliates.


Class Original Certificate Pass-Through Rate Class Original Certificate Pass-Through RatePrincipal Balance Principal Balance

Class I-A-1 $ 154,837,000 (1)(2) Class II-A-1 $ 101,198,000 (1)(2)(3)Class I-A-2 $ 82,359,000 (1)(2)(3) Class II-A-2 $ 45,644,000 (1)(2)(3)Class I-A-3 $ 12,008,000 (1)(2)(3) Class II-A-3 $ 5,879,000 (1)(2)(3)Class I-M-1 $ 18,533,000 (1)(2)(3) Class II-M-1 $ 14,246,000 (1)(2)(3)Class I-M-2 $ 13,073,000 (1)(2)(3) Class II-M-2 $ 9,113,000 (1)(2)(3)Class I-M-3 $ 7,612,000 (1)(2)(3) Class II-M-3 $ 4,714,000 (1)(2)(3)Class I-M-4 $ 6,453,000 (1)(2)(3) Class II-M-4 $ 4,295,000 (1)(2)(3)Class I-M-5 $ 6,288,000 (1)(2)(3) Class II-M-5 $ 3,876,000 (1)(2)(3)Class I-M-6 $ 4,964,000 (1)(2)(3) Class II-M-6 $ 3,456,000 (1)(2)(3)Class I-M-7 $ 4,302,000 (1)(2)(3) Class II-M-7 $ 3,352,000 (1)(2)(3)Class I-M-8 $ 2,482,000 (1)(2)(3) Class II-M-8 $ 2,199,000 (1)(2)(3)Class I-M-9 $ 4,302,000 (1)(2)(3) Class II-M-9 $ 2,304,000 (1)(2)(3)

(1) The pass-through rates on these classes of certificates are adjustable rates as described under "Summary-Description of theCertificates-Pass-Through Rates" in this prospectus supplement.


(3) Subject to a step-up if the group I optional termination right is not exercised.

(4) Subject to a step-up if the group II optional termination right is not exercised.

The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-prime mortgage loans that are secured byfirst and second liens on one- to four-family residential properties.

Credit enhancement will be provided by:• excess spread generated from the related loan group;• overcollateralization with respect to the related loan group;• with respect to each group of offered certificates, the related interest rate swap agreement;• with respect to the Class A Certificates and Class M Certificates, subordination of the more junior class of related certificates.

The interest rate swap agreements will each be between the related supplemental interest trust trustee and the related swap provider for the benefitof the related certificateholders.

The group I certificates and group II certificates will not be cross-collateralized.

Neither the SEC nor any state securities commission has approved these securities or determined that this prospectus supplement or theprospectus is accurate or complete. Any representation to the contrary is a criminal offense.








The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilities of The Depository TrustCompany, Clearstream and Euroclear, in each case, on or about June 30, 2006.

Bear, Stearns & Co. Inc.The date of the prospectus supplement is June 23, 2006





EX-4 3 d523316a_ex4.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC

Depositor,

EMC MORTGAGE CORPORATIONSeller and Master Servicer

and

LASALLE BANK NATIONAL ASSOCIATIONTrustee


Dated as of June 1, 2006



https://www.sec.gov/Archives/edgar/data/1364786/000088237706002516/d523316a ex4.htm 1/582



Notes"

Notes"

Notes"


Series BSSP NIM Trust 2006-19-I Series BSSP NIM Trust 2006-19-II Series BSSP NIM Trust 2006-19-III


$9,705,000 Class I-A-2 Notes $2,545,000 Class II-A-2 Notes $ 3,845,000 Class III-A-2 Notes

$9,515,000 Class I-A-3 Notes $2,395,000 Class II-A-3 Notes $ 1,440,000 Class III-A-3 Notes

$2,230,000 Class I-A-4 Notes $330,948,121* Class II-C Notes $ 8,345,000 Class III-A-4 Notes$1,582,354,407* Class I-C Notes $466,874,954* Class III-C Notes

Series BSSP NIM Trust 2006-19-IV Series BSSP NIM Trust 2006-19-V

$19,635,000 Class IV-A-1 Notes $5,005,000 Class V-A-1 Notes



$14,290,000 Class IV-A-4 Notes $209,494,489* Class V-C Notes$2,642,014,591* Class IV-C Notes

* Initial Notional Amount.


(Issuer)


SERIES 2006-19-I

SERIES 2006-19-II

SERIES 2006-19-III

SERIES 2006-19-IV

SERIES 2006-19-V

THIS MEMORANDUM IS DESIGNED TO BE DELIVERED BY BEAR, STEARNS & CO. INC. TOPERMITTED OFFEREES SOLELY VIA EMAIL AS A NON-EDITABLE PDF FILE. THIS

MEMORANDUM MAY NOT BE FORWARDED, TRANSMITTED, COPIED OR OTHERWISE

REPRODUCED BY A RECIPIENT THEREOF IN ANY MANNER WHATSOEVER.

If this memorandum was received by any means other than via email or electronic transmission from

[email protected] or any other sender authorized by Bear, Stearns & Co. Inc., there is a presumption

that this memorandum has been improperly reproduced and circulated, in which case Bear Stearns

Structured Products Inc. and Bear, Stearns & Co. Inc. disclaim any responsibility for its content and use.

No person has been authorized to give any information or to make any representations other than those

contained in this memorandum and, if given or made, such information or representations must not be

relied upon. The delivery of this memorandum at any time does not imply that the information herein is

correct as of any time subsequent to its date.

This memorandum has been prepared by CMO Holdings III Ltd. (the "Issuer")"Issuer"

for use solely in

connection with the offering of the Bear Stearns Structured Products Inc. NIM Trust 2006-19, Series

2006-19-I, Class I-A-1, Class I-A-2, Class I-A-3, Class I-A-4 and Class I-C Notes (collectively, the

"Series I Notes"), Series 2006-19-II, Class II-A-1, Class II-A-2, Class II-A-3 and Class II-C Notes

(collectively, the "Series II Notes"), Series 2006-19-III, Class III-A-1, Class III-A-2, Class III-A-3, Class

III-A-4 and Class III-C Notes (collectively, the "Series III Notes"),Notes"

Series 2006-19-IV, Class IV-A-1,Class IV-A-2, Class IV-A-3, Class IV-A-4 and Class IV-C Notes (collectively, the "Series IV Notes")and Series 2006-19-V, Class V-A-1, Class V-A-2, Class V-A-3 and Class V-C Notes (collectively, the

"Series V Notes"and, together with the Series I Notes, Series II Notes, Series III Notes and Series IV

Notes, the "Notes")."Notes"

The Issuer has not authorized or assumed any liability for any use of this

memorandum in connection with any other offer or sale of the Notes by Bear, Stearns & Co. Inc. (thePurchaser"

"Initial ) or any other person.



(" Buyers"

INVESTORS INTERESTED IN PURCHASING THE NOTES OF EACH SERIES SHOULDREVIEW THE INDENTURE (AS DESCRIBED HEREIN) AND THE FISCAL AGENCYAGREEMENT (AS DEFINED HEREIN) IN CONJUNCTION WITH THIS MEMORANDUM. IN

ADDITION, SUCH INVESTORS SHOULD REVIEW IN CONJUNCTION WITH THIS

MEMORANDUM, WITH RESPECT TO EACH OF THE UNDERLYING CERTIFICATES

RELATED TO EACH SERIES, THE DISCLOSURE EXHIBITS, INCLUDING THE EXHIBITS

THERETO, WHICH INCLUDE THE RELATED PROSPECTUS AND THE RELATEDUNDERLYING POOLING AND SERVICING AGREEMENT (IN EACH CASE, AS

DESCRIBED HEREIN).

The Class I-A-1, Class I-A-2, Class II-A-1, Class II-A-2, Class III-A-1, Class III-A-2, Class IV-

A-1, Class IV-A-2, Class IV-A-3, Class V-A-1 and Class V-A-2 Notes may only be offered (i) to

"qualified institutionalbuyers"

("Qualified Institutional Buyers") within the meaning of Rule 144A under

the Securities Act and/or (ii) institutional investors that are "accreditedinvestors"

(the "InstitutionalInvestors"

Accredited Investors") as defined in Rule 501(a) (1)-(3) and (7) of Regulation D under the Securities Act

of 1933, as amended (the "Securities Act") and/or (iii) to non-U.S. persons outside the United States in

compliance with Regulation S under the Securities Act.

The Class I-A-3, Class I-A-4, Class II-A-3, Class III-A-3, Class III-A-4, Class IV-A-4 and Class

V-A-3 Notes may only be offered (i) to Qualified Institutional Buyers and/or (ii) Institutional Accredited

Investors.

The Class I-C, Class II-C, Class III-C, Class IV-C and Class V-C Notes may only be offered to

Qualified Institutional Buyers.

It is expected that delivery of the (a) Class I-A-1, Class I-A-2, Class II-A-1, Class II-A-2, Class

III-A-1, Class III-A-2, Class IV-A-1, Class IV-A-2, Class IV-A-3, Class V-A-1 and Class V-A-2 Notes

will be made in book entry form through the Same Day Funds Settlement System of The Depository Trust

Company, which may include delivery through Clearstream, société anonyme or Euroclear Bank SA/NV,and (b) the Class I-A-3, Class I-A-4, Class II-A-3, Class III-A-3, Class III-A-4, Class IV-A-4 and Class

V-A-3 Notes will initially be made in fully registered, certificated form on or about July 24, 2006 against

payment therefor in immediately available funds. The information contained herein is confidential and

may not be reproduced in whole or in part.

Bear, Stearns 4 Co. Inc.

July 24, 2006

11



EXECUTION COPY


AS ISSUER

AND



INDENTURE

DATED AS OF JULY 24, 2006


SERIES 2006-19-I

SERIES 2006-19-II

SERIES 2006-19-III

SERIES 2006-19-IV

SERIES 2006-19-V




$2,230,000 Class I-A-4 Notes $8,345,000 Class III-A-4 Notes




$14,290,000 Class IV-A-4 Notes

-fs131197378v08ny



LJ Ul. iLJ L LWBSABS U 2006-HE7<VVV I

â€”R P N




424B5 1 d551888 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUS SUPPLEMENT

(To Prospectus dated June 7, 2006)

$578,482,000





The issuing entity is offering the following classes of certificates pursuant to this

prospectus supplement and the accompanying prospectus:


The certificates represent obligations of the trust only and do not represent an interest in or obligation of Bear Stearns Asset Backed

Securities I LLC, EMC Mortgage Corporation, LaSalle Bank National Association or any of their affiliates.


Original Certificate Pass-Through Original Certificate Pass-Through

Class Principal Balance Rate Class Principal Balance Rate

Class I-A-1 $ 87,591,000 (1)(2) Class II-1A-1 $ 139,494,000 (1)(2)Class I-A-2 $ 46,291,000 (1)(2)(3) Class II-1A-2 $ 63,472,000 (1)(2)(4)Class I-A-3 $ 6,750,000 (1)(2)(3) Class II-1A-3 $ 14,156,000 (1)(2)(4)Class I-M-1 $ 8,124,000 (1)(2)(3) Class II-2A $ 100,275,000 (1)(2)(4)Class I-M-2 $ 7,564,000 (1)(2)(3) Class II-M-1 $ 16,781,000 (1)(2)(4)Class I-M-3 $ 4,389,000 (1)(2)(3) Class II-M-2 $ 15,331,000 (1)(2)(4)Class I-M-4 $ 3,829,000 (1)(2)(3) Class II-M-3 $ 9,530,000 (1)(2)(4)Class I-M-5 $ 3,642,000 (1)(2)(3) Class II-M-4 $ 7,873,000 (1)(2)(4)Class I-M-6 $ 3,362,000 (1)(2)(3) Class II-M-5 $ 7,666,000 (1)(2)(4)Class I-M-7 $ 3,175,000 (1)(2)(3) Class II-M-6 $ 7,044,000 (1)(2)(4)Class I-M-8 $ 2,708,000 (1)(2)(3) Class II-M-7 $ 6,629,000 (1)(2)(4)Class I-M-9 $ 2,241,000 (1)(2)(3) Class II-M-8 $ 5,800,000 (1)(2)(4)

Class II-M-9 $ 4,765,000 (1)(2)(4)

(1) The pass-through rates on these classes of certificates are adjustable rates as described under "Summary-Description of the

Certificates-Pass-Through Rates" in this prospectus supplement.




The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-prime mortgage loans that aresecured by first and second liens on one- to four-family residential properties.


• excess spread generated from the related loan group;• overcollateralization with respect to the related loan group;• with respect to each group of offered certificates, the related interest rate swap agreement;• with respect to the Class A Certificates and Class M Certificates, subordination of the more junior class of related certificates.





The interest rate swap agreements will each be between the related supplemental interest trust trustee and the related swap provider for

the benefit of the related certificateholders.


Neither the SEC nor any state securities commission has approved these securities or determined that this prospectussupplement or the prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

The Attorney General of the State of New York has not passed on or endorsed the merits of this offering. Any representation tothe contrary is unlawful.

Bear, Stearns k Co. Inc., as the underwriter, will offer the certificates listed above at varying prices to be determined at the time of sale.

The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilities of The DepositoryTrust Company, Clearstream and Euroclear, in each case, on or about August 30, 2006.

Bear, Stearns A Co. Inc.

The date of the prospectus supplement is August 28, 2006





EX-4.1 3 d549471ex4_1.htm POOLING AND SERVICING AGREEMENT

BEARSTEARNSASSETBACKEDSECURITIESI LLC

Depositor,

EMCMORTGAGECORPORATION

SellerandMasterServicer

and

LASALLEBANK NATIONALASSOCIATION

Trustee


Datedasof August1,2006



https://www.sec.gov/Archives/edgar/data/1370647/000088237706003182/d549471ex4 1.htm 1/343



Notes"

Notes"

Series BSSP NIM Trust 2006-21-I Series BSSP NIM Trust 2006-21-II Series BSSP NIM Trust 2006-21-III

$ 20,865,000 Class I-A-1 Notes $ 22,690,000 Class II-A-1 Notes $ 5,925,000 Class III-A-1 Notes

$ 2,175,000 Class I-A-2 Notes $ 3,330,000 Class II-A-2 Notes $ 480,000 Class III-A-2 Notes


$ 1,125,000 Class I-A-4 Notes $ 7,250,000 Class II-A-4 Notes $186,762,942* Class III-C Notes$2,907,727,500* Class I-C Notes $ 338,228,364* Class II-C Notes

Series BSSP NIM Trust 2006-21-IV Series BSSP NIM Trust 2006-21-V

$ 12,135,000 Class IV-A-1 Notes $ 18,600,000 Class V-A-1 Notes

$ 1,118,000 Class IV-A-2 Notes $ 2,585,000 Class V-A-2 Notes

$ 1,815,000 Class IV-A-3 Notes $ 800,000 Class V-A-3 Notes

$ 414,356,193* Class IV-C Notes $ 4,965,000 Class V-A-4 Notes

$ 462,245,009* Class V-C Notes



(Issuer)


SERIES 2006-21-I

SERIES 2006-21-II

SERIES 2006-21-III

SERIES 2006-21-IV

SERIES 2006-21-V

THIS MEMORANDUM IS DESIGNED TO BE DELIVERED BY BEAR, STEARNS & CO. INC. TO

PERMITTED OFFEREES SOLELY VIA EMAIL AS A NON-EDITABLE PDF FILE. THIS











This memorandum has been prepared by CMO Holdings III Ltd. (the "Issuer")"Issuer" for use solely in



"Series I Notes"), Series 2006-21-II, Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4 and Class II-C

Notes (collectively, the "Series II Notes"),Notes"

Series 2006-21-III, Class III-A-1, Class III-A-2, Class III-A-3

and Class III-C Notes (collectively, the "Series III Notes"),Notes"

Series 2006-21-IV, Class IV-A-1, Class IV-A-

2, Class IV-A-3 and Class IV-C Notes (collectively, the "Series IV Notes") and Series 2006-21-V, Class

and theV-A-1, Class V-A-2, Class V-A-3, Class V-A-4 Class V-C Notes (collectively, "Series V Notes"




AS ISSUER

AND



INDENTURE

DATED AS OF SEPTEMBER 22, 2006


SERIES 2006-21-I

SERIES 2006-21-II

SERIES 2006-21-III

SERIES 2006-21-IV

SERIES 2006-21-V


$2,175,000 Class I-A-2 Notes $3,330,000 Class II-A-2 Notes $480,000 Class III-A-2 Notes


$1,125,000 Class I-A-4 Notes $7,250,000 Class II-A-4 Notes



$1,815,000 Class IV-A-3 Notes $800,000 Class V-A-3 Notes

$4,965,000 Class V-A-4 Notes

05/17/2007 09:30 AMPPW:[TPW: NYI2KshL564433.71NYLEGAL:564433.7] 172W'~117297-00461 05II7I2$P 09M hM




N





(To Prospectus dated October 18, 2006)

$411,684,000





The issuing entity is offering the following classes of certificates pursuant to thisprospectus supplement and the base prospectus:

Consider carefully the risk factors beginning on page S-20 in this prospectus supplement and on page 6 in the baseprospectus.

The certificates represent obligations of the trust only and do not represent an interest in or obligation of Bear Stearns Asset Backed

Securities I LLC, EMC Mortgage Corporation, LaSalle Bank National Association or any of their affiliates.

This prospectus supplement may be used to offer and sell the offered certificates only if accompanied by the base prospectus.

Original Original

Certificate Pass- Certificate Pass-

Principal Through Principal Through

Class Balance Rate Class Balance Rate

Class II-

Class I-A-1 $ 73,991,000 (1)(2) 1A-1 $ 99,772,000 (1)(2)Class II-

Class I-A-2 $ 40,149,000 (1)(2)(3) 1A-2 $ 37,041,000 (1)(2)(4)Class II-

Class I-A-3 $ 4,814,000 (1)(2)(3) 1A-3 $ 6,269,000 (1)(2)(4)

Class I-M-1 $ 8,170,000 (1)(2)(3) Class II-2A $ 51,306,000 (1)(2)(4)Class II-M-

Class I-M-2 $ 7,850,000 (1)(2)(3) 1 $ 19,151,000 (1)(2)(4)Class II-M-








9 $ 3,557,000 (1)(2)(4)

(1) The pass-through rates on these classes of certificates are adjustable rates as described under "Summary-





Description of the Certificates-Pass-Through Rates" in this prospectus supplement.




The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-prime mortgage loansthat are secured by first and second liens on one- to four-family residential properties.

Credit enhancement will be provided by:• excess spread generated from the related loan group;• overcollateralization with respect to the related loan group;• cross-collateralization with respect to subgroup II-1 and subgroup II-2;• with respect to each group of offered certificates, the related interest rate swap agreement;• with respect to the Class I-A Certificates, subordination of the Class I-M Certificates, and with respect to the Class I-M

Certificates, subordination of the Class I-M Certificates with a higher numerical designation; and• with respect to the Class II-A Certificates, subordination of the Class II-M Certificates, and with respect to the Class II-M

Certificates, subordination of the Class II-M Certificates with a higher numerical designation.

The interest rate swap agreements will each be between the related supplemental interest trust trustee and the related swapprovider for the benefit of the related certificateholders.


Neither the SEC nor any state securities commission has approved these securities or determined that this prospectussupplement or the base prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

The Attorney General of the State of New York has not passed on or endorsed the merits of this offering. Anyrepresentation to the contrary is unlawful.

Bear, Stearns & Co. Inc., as the underwriter, will offer the certificates listed above at varying prices to be determined at thetime of sale.

The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilities of The

Depository Trust Company, Clearstream and Euroclear, in each case, on or about October 30, 2006.


The date of the prospectus supplement is October 26, 2006






BEAR STEARNS ASSET BACKED SECURITIES I LLC

Depositor,

EMC MORTGAGE CORPORATION

Seller and Master Servicer

and


Trustee


Dated asof October 1, 2006



TABLE OF CONTENTS

ARTICLE I DEFINITIONS

Section 1.01 Defined Terms.Section 1.02 Allocation of Certain Interest Shortfalls.

ARTICLE II CONVEYANCE OF TRUST FUND

Section 2.01 Conveyance of Trust Fund.Section 2.02 Acceptance of the Mortgage Loans.Section 2.03 Representations,Warranties and Covenants of the Master Servicer and The Seller.Section 2.04 Representationsand Warranties of the Depositor.Section 2.05 Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases.Section 2.06 Countersignature and Delivery of Certificates.Section 2.07 Purposesand Powers of the Trust.

ARTICLE III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS

Section 3.01 The Master Servicer to act asMaster Servicer.Section 3.02 Due-on-Sale Clauses;Assumption Agreements.Section 3.03 Subservicers.Section 3.04 Documents, Records and Funds in Possessionof the Master Servicer To Be Held for Trustee.Section 3.05 Maintenance of Hazard Insurance.Section 3.06 Presentmentof Claims and Collection of Proceeds.Section 3.07 Maintenance of the Primary Mortgage Insurance Policies.Section 3.08 Fidelity Bond, Errors and Omissions Insurance.Section 3.09 Realization Upon Defaulted Mortgage Loans; Determination of ExcessLiquidation Proceedsand Realized Losses;Repurchasesof Certain Mortgage Loans.Section 3.10 Servicing Compensation.Section 3.11 REO Property.Section 3.12 Liquidation Reports.Section 3.13 Annual Statementasto Compliance.Section 3.14 Assessmentsof Compliance and Attestation Reports.Section 3.15 Books and Records.




Notes"

Notes"

Notes"

Notes"

"Notes"


Series BSSP NIM Trust 2006-23-I Series BSSP NIM Trust 2006-23-II Series BSSP NIM Trust 2006-23-III$3,245,000 Class I-A-1 Notes $5,765,000 Class II-A-1 Notes $8,445,000 Class III-A-1 Notes

$1,725,000 Class I-A-2 Notes $1,070,000 Class II-A-2 Notes $1,765,000 Class III-A-2 Notes$1,110,000 Class I-A-3 Notes $1,370,000 Class II-A-3 Notes $2,120,000 Class III-A-3 Notes

$1,430,000 Class I-A-4 Notes $160,208,025* Class II-C Notes $273,593,683* Class III-C Notes$575,842,083* Class I-C Notes

Series BSSP NIM Trust 2006-23-IV Series BSSP NIM Trust 2006-23-V Series BSSP NIM Trust 2006-23-VI$14,800,000 Class IV-A-1 Notes $22,690,000 Class V-A-1 Notes $60,250,000 Class VI-A-1 Notes$1,515,000 Class IV-A-2 Notes $3,280,000 Class V-A-2 Notes $2,750,000 Class VI-A-2 Notes

$765,000 Class IV-A-3 Notes $1,345,000 Class V-A-3 Notes $1,950,000 Class VI-A-3 Notes$3,725,000 Class IV-A-4 Notes $7,090,000 Class V-A-4 Notes $1,550,000 Class VI-A-4 Notes$301,443,943* Class IV-C Notes $311,511,338* Class V-C Notes $2,894,066,572* Class VI-C Notes



(Issuer)


SERIES 2006-23-I

SERIES 2006-23-II

SERIES 2006-23-III

SERIES 2006-23-IV

SERIES 2006-23-V

SERIES 2006-23-VI

THIS MEMORANDUM IS DESIGNED TO BE DELIVERED BY BEAR, STEARNS 4 CO. INC. TOPERMITTED OFFEREES SOLELY VIA EMAIL AS A NON-EDITABLE PDF FILE. THIS




[email protected] or any other sender authorized by Bear, Stearns 4 Co. Inc., there is a presumption










"Series I Notes"), Series 2006-23-II, Class II-A-1, Class II-A-2, Class II-A-3 and Class II-C Notes

(collectively, the "Series II Notes"), Series 2006-23-III, Class III-A-1, Class III-A-2, Class III-A-3 and

Class III-C Notes (collectively, the "Series III Notes"), Series 2006-23-IV, Class IV-A-1, Class IV-A-2,Class IV-A-3, Class IV-A-4 and Class IV-C Notes (collectively, the "Series IV Notes"), Series 2006-23-

V, Class V-A-1, Class V-A-2, Class V-A-3, Class V-A-4 and Class V-C Notes (collectively, the "Series

V Notes")Notes"

and Series 2006-23-VI, Class VI-A-1, Class VI-A-2, Class VI-A-3, Class VI-A-4 and Class

VI-C Notes (collectively, the "Series VI Notes"and, together with the Series I Notes, Series II Notes,

Series III Notes, Series IV Notes and Series V Notes, the "Notes"). The Issuer has not authorized or

assumed any liability for any use of this memorandum in connection with any other offer or sale of the

Notes by Bear, Stearns k Co. Inc. (the "Initial Purchaser") or any other person.



Investors"

INVESTORS INTERESTED IN PURCHASING THE NOTES OF EACH SERIES SHOULDREVIEW THE INDENTURE (AS DESCRIBED HEREIN) AND THE FISCAL AGENCY

AGREEMENT(ASDEFINEDHEREIN) IN CONJUNCTION WITHTHISMEMORANDUM. IN





DESCRIBEDHEREIN).

The Class I-A-1, Class I-A-2, Class I-A-3, Class II-A-1, Class II-A-2, Class III-A-1, Class III-A-

2, Class IV-A-1, Class IV-A-2, Class V-A-1, Class V-A-2, Class VI-A-1 and Class VI-A-2 Notes may

only be offered (i) to "qualified institutional buyers"("Qualified(" Institutional Buyers")

Buyers"within the

meaning of Rule 144A under the Securities Act and/or (ii) institutional investors that are "accreditedinvestors"

(the "Institutional Accredited Investors") as defined in Rule 501(a) (1)-(3) and (7) of

Regulation D under the Securities Act of 1933, as amended (the "Securities Act") and/or (iii) to non-U.S.

persons outside the United States in compliance with Regulation S under the Securities Act.

The Class I-A-4, Class II-A-3, Class III-A-3, Class IV-A-3, Class IV-A-4, Class V-A-3, Class V-

A-4, Class VI-A-3 and Class VI-A-4 Notes may only be offered (i) to Qualified Institutional Buyers

and/or (ii) Institutional Accredited Investors.

The Class I-C, Class II-C, Class III-C, Class IV-C, Class V-C and Class VI-C Notes may only be

offered to Qualified Institutional Buyers.

It is expected that delivery of the (a) Class I-A-1, Class I-A-2, Class I-A-3, Class II-A-1, Class II-

A-2, Class III-A-1, Class III-A-2, Class IV-A-1, Class IV-A-2, Class V-A-1, Class V-A-2, Class VI-A-1

and Class VI-A-2 Notes will be made in book entry form through the Same Day Funds Settlement System

of The Depository Trust Company, which may include delivery through Clearstream, société anonyme or

Euroclear Bank SA/NV, and (b) the Class I-A-4, Class II-A-3, Class III-A-3, Class IV-A-3, Class IV-A-4,Class V-A-3, Class V-A-4, Class VI-A-3 and Class VI-A-4 Notes will initially be made in fully

registered, certificated form on or about November 21, 2006 against payment therefor in immediatelyavailable funds. The information contained herein is confidential and may not be reproduced in whole or

in part.


November 21, 2006

11




AS ISSUER

AND



INDENTURE

DATED AS OF NOVEMBER 21, 2006


SERIES 2006-23-I

SERIES 2006-23-II

SERIES 2006-23-III

SERIES 2006-23-IV

SERIES 2006-23-V

SERIES 2006-23-VI




$1,430,000 Class I-A-4 Notes

$14,800,000 Class IV-A-1 Notes $22,690,000 Class V-A-1 Notes $60,250,000 Class VI-A-1 Notes


$765,000 Class IV-A-3 Notes $1,345,000 Class V-A-3 Notes $1,950,000 Class VI-A-3 Notes


NY2382234ffv4



LJ kjL LLJ L LLl LBSABS U 2006-HE10LVVV V

~-N





(To Base Prospectus dated December 18, 2006)$1,096,352,000

(Approximate)


Issuing Entity


EMC Mortgage Corporation

Sponsor and Master Servicer


The issuing entity is offering the following classes of certificates pursuant to this

prospectus supplement and the base prospectus:

Consider carefully the risk factors beginning on page S-21 in this prospectus supplement and on page 6 in the base prospectus.

The certificates represent obligations of the trust only and do not represent an interest in or obligation of Bear Stearns Asset BackedSecurities I LLC, EMC Mortgage Corporation, LaSalle Bank National Association or any of their affiliates.

This prospectus supplement may be used to offer and sell the offered certificates only if accompanied by the base prospectus.

Original Original

Certificate Pass- Certificate Pass-

Principal Through Principal Through

Class Balance Rate Class Balance Rate

Class I-A-1 $ 147,515,000 (1)(2) Class II-1A-1 $ 176,117,000 (1)(2)

Class I-A-2 $ 67,747,000 (1)(2)(3) Class II-1A-2 $ 101,081,000 (1)(2)(4)

Class I-A-3 $ 11,213,000 (1)(2)(3) Class II-1A-3 $ 20,339,000 (1)(2)(4)

Class I-M-1 $ 17,235,000 (1)(2)(3) Class II-2A $ 201,892,000 (1)(2)(4)

Class I-M-2 $ 19,813,000 (1)(2)(3) Class II-3A $ 132,221,000 (1)(2)(4)

Class I-M-3 $ 6,121,000 (1)(2)(3) Class II-M-1 $ 43,161,000 (1)(2)(4)







Class II-M-8 $ 7,055,000 (1)(2)(4)

Class II-M-9 $ 11,205,000 (1)(2)(4)

(1) The pass-through rates on these classes of certificates are adjustable rates as described under "Summary-

Description of the Certificates-Pass-Through Rates" in this prospectus supplement.








EX-4.1 3 d603397_ex4-1.htm POOLING AND SERVICING AGREEMENTBEARSTEARNSASSETBACKEDSECURITIESI LLC

Depositor,



and

LASALLEBANK NATIONALASSOCIATION

Trustee


Datedasof December1,2006







Series BSSP NIM Trust 2007-N1-I Series BSSP NIM Trust 2007-N1-II Series BSSP NIM Trust 2007-N1-III$5,000,000 Class I-A-1 Notes $11,350,000 Class II-A-1 Notes $22,405,000 Class III-A-1 Notes

$196,676,797* Class I-C Notes $2,230,000 Class II-A-2 Notes $5,565,000 Class III-A-2 Notes$2,640,000 Class II-A-3 Notes $7,125,000 Class III-A-3 Notes

$322,154,468* Class II-C Notes $830,025,431* Class III-C Notes

Series BSSP NIM Trust 2007-N1-IV Series BSSP NIM Trust 2007-N1-V Series BSSP NIM Trust 2007-N1-VI$15,015,000 Class IV-A-1 Notes $7,480,000 Class V-A-1 Notes $4,620,000 Class VI-A-1 Notes

$4,090,000 Class IV-A-2 Notes $1,740,000 Class V-A-2 Notes $2,840,000 Class VI-A-2 Notes$1,630,000 Class IV-A-3 Notes $640,000 Class V-A-3 Notes $1,565,000 Class VI-A-3 Notes$7,895,000 Class IV-A-4 Notes $3,370,000 Class V-A-4 Notes $3,095,000 Class VI-A-4 Notes

$368,876,420* Class IV-C Notes $258,688,044* Class V-C Notes $657,382,597* Class VI-C Notes

Series BSSP NIM Trust 2007-N1-VII Series BSSP NIM Trust 2007-N1-VIII$21,445,000 Class VII-A-1 Notes $3,250,000 Class VIII-A-1 Notes

$7,850,000 Class VII-A-2 Notes $265,037,284* Class VIII-C Notes$7,345,000 Class VII-A-3 Notes$2,620,000 Class VII-A-4 Notes

$849,583,064* Class VII-C Notes



(Issuer)

BEAR STEARNS STRUCTURED PRODUCTS INC. NIM TRUST 2007-N1

SERIES 2007-N1-I

SERIES 2007-N1-II

SERIES 2007-N1-III

SERIES 2007-N1-IV

SERIES 2007-N1-V

SERIES 2007-N1-VI

SERIES 2007-N1-VII

SERIES 2007-N1-VIII













connection with the offering of the Bear Stearns Structured Products Inc. NIM Trust 2007-N1, Series



-V

-VIII

Execution Copy


AS ISSUER

AND



INDENTURE

DATED AS OF JANUARY 24, 2007

BEAR STEARNS STRUCTURED PRODUCTS INC. NIM TRUST 2007-N1

SERIES 2007-N1-I

SERIES 2007-N1-II -II

SERIES 2007-N1-III -III

SERIES 2007-N1-IV -IV

SERIES 2007-N1-V

SERIES 2007-N1-VI -VI

SERIES 2007-N1-VII -VII

SERIES 2007-N1-VIII


$2,230,000 Class II-A-2 Notes $5,565,000 Class III-A-2 Notes

$2,640,000 Class II-A-3 Notes $7,125,000 Class III-A-3 Notes



$1,630,000 Class IV-A-3 Notes $640,000 Class V-A-3 Notes $1,565,000 Class VI-A-3 Notes


$21,445,000 Class VII-A-1 Notes $3,250,000 Class VIII-A-1 Notes

$7,850,000 Class VII-A-2 Notes



NY238260575v6



BSABSkeg ~~ ~ 2006-PC1<v

~ <TM




424B5 1 d422262 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUSSUPPLEMENT(ToProspectusdatedJune24,2005)


BearStearnsAssetBackedSecuritiesI Trust2006-PC1IssuingEntity

Asset-BackedCertificates,Series2006-PC1

EMC MortgageCorporationSponsorandMasterServicer

BearStearnsAssetBackedSecuritiesI LLCDepositor

The issuingentity is offeringthe following classesof certificatespursuantto thisprospectussupplementandtheaccompanyingbaseprospectus:

Considercarefullytherisk factorsbeginningonpageS-14in thisprospectussupplementandonpage4 in theprospectus.

Thecertificatesrepresentobligationsof thetrustonlyanddonotrepresentaninterestin orobligationof BearStearnsAssetBackedSecuritiesI LLC,EMCMortgageCorporation,LaSalleBankNationalAssociationoranyof theiraffiliates.

Thisprospectussupplementmaybeusedto offerandselltheofferedcertificatesonlyif accompaniedbytheprospectus.

Pass-OriginalCertificatePrincipal Through OriginalCertificatePrincipal Pass-Through

Class Balance Rate Class Balance RateClassA-I $ 243,148,000 ClassM-4 $ 18,725,000ClassA-2 $ 90,204,000 (>)(~)(3) ClassM-5 $ 7,922,000 (>)(~)(3)ClassA-3 $ 14,254,000 (>)(~)(3) ClassM-6 $ 7,682,000 (>)(~)(3)ClassM-I $ 25,926,000 (>)(~)(3) ClassM-7 $ 6,722,000 (>)(~)(3)ClassM-2 $ 17,524,000 (>)(~)(3) ClassM-8 $ 6,241,000 (>)(~)(3)ClassM-3 $ 10,563,000 (>)(~)(3) ClassM-9 $ 6,722,000 (>)(~)(3)

(I) Thepass-throughratesontheseclassesofcertificatesareadjustableorvariableratesbasedonOne-MonthLIBORasdescribedunder"SummaryDescriptionoftheCertificatesPass-ThroughRates"inthisprospectussupplement.

(2) Subjecttoacapasdescribedinthisprospectussupplement.(3) Subjecttoastep-upif theoptionalterminationrightisnotexercised.

Thecertificatesrepresentinterestsin a pool of fixed andadjustablerate,conventional,closed-endsub-primemortgageloansthataresecuredby first liensonone-to four-familyresidentialproperties.Creditenhancementwill beprovidedby:~ excessspread;~ overeollateralization;~ theinterestrateswapagreement;~ theyieldmaintenanceagreement;and~ subordinationof theClassM-l, ClassM-2, ClassM-3, ClassM-4, ClassM-5, ClassM-6, ClassM-7, Class

M-8andM-9Certificates.Theinterestrateswapagreementandtheyield maintenanceagreementwill eachbebetweenthesupplementalinteresttrusttrusteeandIXIS FinancialProductsInc.for thebenefitof thecertificateholders.

Neitherthe SECnor anystatesecuritiescommissionhasapprovedthesesecuritiesor determinedthat thisprospectussupplementor the prospectusis accurateor complete.Any representationto the contrary is acriminal offense.

TheAttorney Generalof the Stateof NewYork hasnot passedon or endorsedthe meritsof this offering.Any representationto thecontraryisunlawful.

Bear,Stearnsk, Co. Inc., as the underwriter,will offer the certificateslistedaboveat varyingpricesto bedeterminedatthetimeof sale.

Theunderwriterwill delivertopurchasersof theofferedcertificatesin book-entryformonlythroughthefacilitiesof TheDepositoryTrustCompany,ClearstreamandEuroclear,in eachcase,onoraboutJanuary30,2005.

Bear,Stearns4 Co.Inc.Thedateof theprospectussupplementisJanuary25,2006




1/17/2018 https://www.sec.gov/Archives/edgar/data/1349088/000088237706000471/d421210_newex4-1.htm

EX-4.1 2 d421210_newex4-1.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC,

DEPOSITOR,


SPONSORAND MASTER SERVICER,

AND


TRUSTEE


DATED AS OF JANUARY 1, 2006

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2006-PC1

ASSET-BACKED CERTIFICATES, SERIES 2006-PC1

https://www.sec.gov/Archives/edgar/data/1349088/000088237706000471/d421210 newex4-1.htm 1/888



Purchaser"



CMO Holdings H Ltd.

(Issuer)

SERIES BSABS PC1 NIM TRUST 2006-1


This memorandum is designed to be delivered by Bear, Stearns & Co. Inc. to permitted offerees solely via e-mail asa non-editable PDF file. This memorandum may not be forwarded, transmitted, copied or otherwise reproduced byany recipient hereof in any manner whatsoever.

If this memorandum was received by any means other than via email or other electronic transmission [email protected] or any other sender authorized by Bear, Stearns & Co. Inc., there is a presumption that thismemorandum has been improperly reproduced and circulated, in which case Bear Stearns Structured Products Inc.and Bear, Stearns & Co. Inc. disclaim any responsibility for its contents and use.



offering of the Series BSABS PC1 NIM Trust 2006-1, Class A-1, Class A-2 and Class A-3 Notes (collectively, theNotes""Offered Notes") described herein to the person named above. The Issuer has not authorized or assumed any




book-entry form through the Same-Day Funds Settlement System of The Depository Trust Company, which mayinclude delivery through Clearstream, société anonyme or Euroclear Bank SA/NV on or about February 6, 2006against payment therefor in immediately available funds. The Class A-3 Notes will be issued in certificated fully-



February 6, 2QQ6




as Issuer

and



INDENTURE


BSABS PC1 NIM TRUST 2006-1

Class A-1 Notes

Class A-2 Notes

Class A-3 Notes



Lpg ~~ U

R P 7-N



/0(2)(3)

â€” â€”


424B5 1 d644907 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUSSUPPLEMENT

(ToProspectusdatedDecember18,2006)


BearStearnsAssetBackedSecuritiesI Trust 2007-FS1IssuingEntity

Asset-BackedCertificates,Series2007-FS1



Theissuingentityis offeringthefollowingclassesof certificatespursuantto thisprospectussupplementandthebaseprospectus:

Considercarefullythe risk factorsbeginningonpageS-16in this prospectussupplementandonpage6 in thebaseprospectus.

Thecertificatesrepresentobligationsof thetrustonlyanddonotrepresentaninterestin or obligationof BearStearnsAssetBackedSecuritiesI LLC, EMCMortgageCorporation,LaSalleBankNationalAssociationor anyof theiraffiliates.

Thisprospectussupplementmaybeusedto offerandselltheofferedcertificatesonly if accompaniedby thebaseprospectus.


ClassI-A-1 $111,917,000 (1)(2) ClassM-3 $8,685,000 (1)(2)(3)ClassI-A-2 $ 44,830,000 ² ClassM-4 $7,333,000 ("(²ClassI-A-3 $ 33,919,000 ² ClassM-5 $6,948,000 (1)(2)(3)ClassI-A-4 $ 27,232,000 ² ClassM-6 $6,755,000 (1)(2)(3)ClassII-A $ 70,635,000 5.75%²×3) ClassM-7 $6,562,000 " ²ClassM-1 $ 14,861,000 ² ClassM-8 $5,983,000 (1)(2)(3)ClassM-2 $ 14,282,000 ² ClassM-9 $4,825,000 (1)(2)(3)

(1) Thepass-throughrateson theseclassesof certificatesareadjustableratesasdescribedunder"Summary-Descriptionof the Certificates-Pass-ThroughRates"in thisprospectussupplement.

(2) Subjectto acapasdescribedin thisprospectussupplement.(3) Subjectto astep-upif theoptionalterminationright isnotexercised.

Thecertificatesrepresentinterestsin a pool of fixed andadjustablerate,conventional,closed-endsub-primemortgageloansthat aresecuredby first andsecondlienson one-to four-familyresidentialproperties.

Creditenhancementwill beprovidedby:• excessspread;• overcollateralization;• cross-collateralization;• theinterestrateswapagreementwith respectto theClassI-A CertificatesandClassM Certificates;and• subordinationof theClassM-1, ClassM-2, ClassM-3,ClassM-4, ClassM-5, ClassM-6,ClassM-7, ClassM-8,ClassM-9 andClassM-10Certificates.

Theinterestrateswapagreementwill bebetweenthesupplementalinteresttrusttrusteeandtheswapproviderfor thebenefitof therelatedcertificateholders.

Neitherthe SECnor anystatesecuritiescommissionhasapprovedthesesecuritiesor determinedthat this prospectussupplementor thebaseprospectusis accurateor complete.Anyrepresentationto thecontrary is a criminal offense.

TheAttorney Generalof theStateof NewYork hasnot passedon or endorsedthemeritsof this offering.Any representationto thecontrary is unlawful.

Bear,Stearns2 Co.Inc.,astheunderwriter,will offerthecertificateslistedaboveatvaryingpricesto bedeterminedatthetimeof sale.

Theunderwriterwill deliverto purchasersof theofferedcertificatesin book-entryformonlythroughthefacilitiesof TheDepositoryTrustCompany,ClearstreamandEuroclear,in eachcase,onor aboutFebruary28,2007.

Bear, Stearns & Co. Inc.Thedateof theprospectussupplementisFebruary27,2007






BEAR STEARNS ASSET BACKED SECURITIES I LLC

Depositor,


SellerandMaster Servicer

and


Trustee


Datedasof February 1,2007

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2007-FS1

ASSET-BACKED CERTIFICATES, SERIES2007-FS1





BSSP NIM Trust 2007-N3 Notes, BSSP NIM Trust 2007-N3 Notes, BSSP NIM Trust 2007-N3 Notes,Series 2007-N3-I Series 2007-N3-II Series 2007-N3-III


$ 3,040,000 Class I-A-2 Notes $ 1,370,000 Class II-A-2 Notes $ 387,871,614* Class III-C Notes

$ 5,535,000 Class I-A-3 Notes $ 1,525,000 Class II-A-3 Notes

$ 540,000 Class I-A-4 Notes $ 205,000 Class II-A-4 Notes

$ 801,108,419* Class I-C Notes $ 291,667,940* Class II-C Notes

BSSP NIM Trust 2007-N3 Notes, BSSP NIM Trust 2007-N3 Notes, BSSP NIM Trust 2007-N3 Notes,Series 2007-N3-IV Series 2007-N3-V Series 2007-N3-VI

$ 4,600,000 Class IV-A-1 Notes $ 3,710,000 Class V-A-1 Notes $ 12,900,000 Class VI-A-1 Notes

$ 545,000 Class IV-A-2 Notes $ 129,432,420* Class V-C Notes $ 2,300,000 Class VI-A-2 Notes

$ 203,642,915* Class IV-C Notes $ 3,150,000 Class VI-A-3 Notes

$ 596,532,054* Class VI-C Notes

BSSP NIM Trust 2007-N3 Notes, BSSP NIM Trust 2007-N3 Notes, BSSP NIM Trust 2007-N3 Notes,Series 2007-N3-VII Series 2007-N3-VIII Series 2007-N3-IX

$ 10,385,000 Class VII-A-1 Notes $ 6,800,000 Class VIII-A-1 Notes $ 10,260,000 Class IX-A-1 Notes


$ 1,395,000 Class VII-A-3 Notes $ 760,000 Class VIII-A-3 Notes $ 2,615,000 Class IX-A-3 Notes

$ 7,465,000 Class VII-A-4 Notes $ 5,000,000 Class VIII-A-4 Notes $ 385,997,874 * Class IX-C Notes

$ 297,754,947 * Class VII-C Notes $ 222,079,641* Class VIII-C Notes

BSSP NIM Trust 2007-N3 Notes,Series 2007-N3-X

$ 769,847,469* Class X-C Notes



(Issuer)


(Issuer)

BEAR STEARNS STRUCTURED PRODUCTS INC. NIM TRUST 2007-N3 NOTES

SERIES 2007-N3-I SERIES 2007-N3-VI

SERIES 2007-N3-II SERIES 2007-N3-VII

SERIES 2007-N3-III SERIES 2007-N3-VIII

SERIES 2007-N3-IV SERIES 2007-N3-IX

SERIES 2007-N3-V SERIES 2007-N3-X










Execution Copy


AS ISSUER


AS ISSUER

AND



INDENTURE

DATED AS OF MARCH 23, 2007


SERIES 2007-N3-I

SERIES 2007-N3-II

SERIES 2007-N3-III

SERIES 2007-N3-IV

SERIES 2007-N3-V

SERIES 2007-N3-VI

SERIES 2007-N3-VII

SERIES 2007-N3-VIII

SERIES 2007-N3-IX

SERIES 2007-N3-X

NY2383434't5v4



BSABS 2007-HE1<v

R,, p



â€” â€”


424B5 1 d619839 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUSSUPPLEMENT(ToBaseProspectusdatedDecember18,2006)


BearStearnsAssetBackedSecuritiesI Trust 2007-HE1IssuingEntity

Asset-BackedCertificates,Series2007-HE1



Considercarefullytherisk factorsbeginningonpageS-22in thisprospectussupplementandonpage6 in thebaseprospectus.


Thisprospectussupplementmaybeusedto offerandselltheofferedcertificatesonlyif accompaniedby thebaseprospectus.



ClassI-A-1 $48,772,000 (1)(2) ClassII-1A-1 $140,976,000 (1)(2)ClassI-A-2 $30,413,000 (1)(2)(3) ClassII-1A-2 $70,325,000 (1)(2)(4)ClassI-A-3 $5,781,000 (1)(2)(3) ClassII-1A-3 $16,145,000 (1)(2)(4)ClassI-M-1 $4,292,000 (1)(2)(3) ClassII-2A $118,512,000 (1)(2)(4)ClassI-M-2 $3,803,000 (1)(2)(3) ClassII-3A $92,100,000 (1)(2)(4)ClassI-M-3 $2,227,000 (1)(2)(3) ClassII-M-1 $34,536,000 (1)(2)(4)ClassI-M-4 $2,010,000 (1)(2)(3) ClassII-M-2 $29,083,000 (1)(2)(4)ClassI-M-5 $1,901,000 (1)(2)(3) ClassII-M-3 $12,118,000 (1)(2)(4)ClassI-M-6 $1,793,000 (1)(2)(3) ClassII-M-4 $13,329,000 (1)(2)(4)ClassI-M-7 $1,684,000 (1)(2)(3) ClassII-M-5 $12,118,000 (1)(2)(4)ClassI-M-8 $1,358,000 (1)(2)(3) ClassII-M-6 $7,270,000 (1)(2)(4)ClassI-M-9 $1,087,000 (1)(2)(3) ClassII-M-7 $9,997,000 (1)(2)(4)

ClassII-M-8 $5,453,000 (1)(2)(4)ClassII-M-9 $9,088,000 (1)(2)(4)_ _ _ _ _

(1) Thepass-throughratesontheseclassesof certificatesareadjustableratesasdescribedunder"Summary-Descriptionof theCertificates-Pass-ThroughRates"in thisprospectussupplement.(2) Subjectto acapasdescribedin thisprospectussupplement.(3) Subjectto astep-upif thegroupI optionalterminationright isnotexercised.(4) Subjectto astep-upif thegroupII optionalterminationright isnotexercised.

Thecertificatesrepresentinterestsin a poolof fixed andadjustablerate,conventional,closed-endsub-primemortgageloansthataresecuredby first andsecondlienson one-to four-familyresidentialproperties.

Creditenhancementwill beprovidedby:• excessspreadgeneratedfromtherelatedloangroup;• overcollateralizationwith respectto therelatedloangroup;• cross-collateralizationwith respectto subgroupII-1, subgroupII-2 andsubgroupII-3;• with respectto eachgroupof offeredcertificates,therelatedinterestrateswapagreement;• with respectto the ClassI-A Certificates,subordinationof the ClassI-M Certificates,andwith respectto the ClassI-M Certificates,subordinationof the ClassI-M Certificateswith a highernumericaldesignation;and• with respectto theClassII-A Certificates,subordinationof theClassII-M Certificates,andwith respectto theClassII-M Certificates,subordinationof theClassII-M Certificateswith a highernumericaldesignation.

Theinterestrateswapagreementswill eachbebetweentherelatedsupplementalinteresttrusttrusteeandABN AMROBankN.V.for thebenefitof therelatedcertificateholders.

ThegroupI certificatesandgroupII certificateswill notbecross-collateralized.

Neither the SEC nor any state securitiescommissionhas approvedthesesecuritiesor determinedthat this prospectussupplementor the baseprospectusis accurateor complete.Anyrepresentationto thecontrary is a criminal offense.

TheAttorney Generalof theStateof NewYork hasnot passedon or endorsedthemeritsof this offering.Any representationto thecontrary is unlawful.

Bear,Stearns& Co.Inc.,astheunderwriter,will offerthecertificateslistedaboveatvaryingpricesto bedeterminedatthetimeof sale.

Theunderwriterwill deliverto purchasersof theofferedcertificatesin book-entryformonlythroughthefacilitiesof TheDepositoryTrustCompany,ClearstreamandEuroclear,in eachcase,onor aboutJanuary30,2007.






Thedateof theprospectussupplementisJanuary29,2007







Depositor,



and

LASALLE BANK NATIONALASSOCIATION

Trustee


Datedasof January1,2007











$ 680,000 Class I-A-4 Notes $ 930,000 Class II-A-4 Notes $ 375,000 Class III-A-4 Notes

$ 1,025,125,028* Class I-C Notes $ 287,403,461* Class II-C Notes $ 818,428,815* Class III-C Notes




$ 1,525,000 Class IV-A-3 Notes $ 2,290,000 Class V-A-3 Notes $ 805,000 Class VI-A-3 Notes

$ 750,000 Class IV-A-4 Notes $ 235,000 Class V-A-4 Notes $ 1,600,000 Class VI-A-4 Notes

$ 348,703,342* Class IV-C Notes $ 346,935,967* Class V-C Notes $ 405,812,920* Class VI-C Notes



$ 455,775,287* Class VII-C Notes $ 108,652,037* Class VIII-C Notes $ 2,750,000 Class IX-A-2 Notes

$ 4,140,000 Class IX-A-3 Notes

$ 605,888,541* Class IX-C Notes

BSSP NIM Trust 2007-N2 Notes, BSSP NIM Trust 2007-N2 Notes, BSSP NIM Trust 2007-N2 Notes,Series 2007-N2-X Series 2007-N2-XI Series 2007-N2-XII

$ 7,815,000 Class X-A-1 Notes $ 13,910,000 Class XI-A-1 Notes $ 257,689,429* Class XII-C Notes

$ 1,850,000 Class X-A-2 Notes $ 3,790,000 Class XI-A-2 Notes

$ 353,343,723* Class X-C Notes $ 1,560,000 Class XI-A-3 Notes

$ 9,015,000 Class XI-A-4 Notes

$ 347,700,184* Class XI-C Notes

BSSP NIM Trust 2007-N2 Notes, BSSP NIM Trust 2007-N2 Notes,Series 2007-N2-XIII Series 2007-N2-XIV

$ 611,064,599* Class XIII-C Notes $ 638,265,629* Class XIV-C Notes



(Issuer)


(Issuer)


SERIES 2007-N2-I SERIES 2007-N2-VIII

SERIES 2007-N2-II SERIES 2007-N2-IX

SERIES 2007-N2-III SERIES 2007-N2-X

SERIES 2007-N2-IV SERIES 2007-N2-XI

SERIES 2007-N2-V SERIES 2007-N2-XII

SERIES 2007-N2-VI SERIES 2007-N2-XIII

SERIES 2007-N2-VII SERIES 2007-N2-XIV



(" Buyers"

Investors"












This memorandum has been prepared by CMO Holdings II Ltd. (an "Issuer")"Issuer"

and CMO Holdings III Ltd.

(an"Issuer"

and, together with CMO Holdings II Ltd., the "Issuers") for use solely in connection with the

offering of the Bear Stearns Structured Products Inc. NIM Trust 2007-N2 Notes, Series 2007-N2-I, Series

2007-N2-II, Series 2007-N2-III, Series 2007-N2-IV, Series 2007-N2-V, Series 2007-N2-VI, Series 2007-

N2-VII, Series 2007-N2-VIII, Series 2007-N2-IX, Series 2007-N2-X, Series 2007-N2-XI, Series 2007-

N2-XII, Series 2007-N2-XIII and Series 2007-N2-XIV. The Issuers have not authorized or assumed any

liability for any use of this memorandum in connection with any other offer or sale of the Notes by Bear,Stearns & Co. Inc., as Initial Purchaser, or any other person.





THERETO, WHICH INCLUDE THE RELATED PROSPECTUS, THE RELATEDUNDERLYING POOLING AND SERVICING AGREEMENT (IN EACH CASE, AS

DESCRIBED HEREIN). INVESTORS INTERESTED IN PURCHASING THE NOTES OFSERIES XII, SERIES XIII OR SERIES XIV, SHOULD ALSO REVIEW THE UNDERLYING

INDENTURE, THE UNDERLYING FISCAL AGENCY AGREEMENT AND THEUNDERLYING PRIVATE PLACEMENT MEMORANDUM WITH RESPECT TO THEAPPLICABLE UNDERLYING NIM SECURITIES, EACH CONTAINED IN THE DISCLOSUREEXHIBITS.

The Book-Entry Principal Notes (as defined herein) may only be offered (i) to "qualified

institutional buyers"("Qualified Institutional Buyers") within the meaning of Rule 144A under the

Securities Act and/or (ii) institutional investors that are "accreditedinvestors"

(the "Institutional

Accredited Investors") as defined in Rule 501(a) (1)-(3) and (7) of Regulation D under the Securities Act

of 1933, as amended (the "Securities Act") and/or (iii) to non-U.S. persons outside the United States in

compliance with Regulation S under the Securities Act.

The Physical Principal Notes (as defined herein) may only be offered (i) to Qualified Institutional

Buyers and/or (ii) Institutional Accredited Investors.

The Class C Notes (as defined herein) may only be offered to Qualified Institutional Buyers.

11



It is expected that delivery of (a) the Book-Entry Notes (as defined herein) will be made in book-

entry form through the Same Day Funds Settlement System of The Depository Trust Company, which

may include delivery through Clearstream, société anonyme or Euroclear Bank SA/NV and (b) the

Physical Notes (as defined herein) will initially be made in fully registered, certificated form, in each case

on or about February 23, 2007 against payment therefor in immediately available funds. The information

contained herein is confidential and may not be reproduced in whole or in part.


February 23, 2007

111




AS ISSUER


AS ISSUER

AND



INDENTURE

DATED AS OF FEBRUARY 23, 2007

BEAR STEARNS STRUCTURED PRODUCTS INC. NIM TRUST 2007-N2 NOTESSERIES 2007-N2-I

SERIES 2007-N2-II

SERIES 2007-N2-III

SERIES 2007-N2-IV

SERIES 2007-N2-V

SERIES 2007-N2-VI

SERIES 2007-N2-VII

SERIES 2007-N2-VIII

SERIES 2007-N2-IX

SERIES 2007-N2-X

SERIES 2007-N2-XI

SERIES 2007-N2-XII

SERIES 2007-N2-XIII

SERIES 2007-N2-XIV

NY238317141v6



BSABS ~ 2007-HE2<v

R P 7N



â€” â€”


424B5 1 d642113 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUSSUPPLEMENT(ToBaseProspectusdatedDecember18,2006)


BearStearnsAssetBackedSecuritiesI Trust 2007-HE2IssuingEntity

Asset-BackedCertificates,Series2007-HE2

EMC MortgageCorporationSponsorandMaster Servicer



Considercarefully the risk factorsbeginningon pageS-21in this prospectussupplementandon page6 in the baseprospectus.


Thisprospectussupplementmaybeusedto offerandselltheofferedcertificatesonly if accompaniedby thebaseprospectus.


ClassI-A-1 $47,550,000 (1)(2) ClassII-1A-1 $148,947,000 (1)(2)ClassI-A-2 $26,157,000 ² ClassII-1A-2 $ 69,533,000 (1)(2)(4)ClassI-A-3 $12,483,000 ² ClassII-1A-3 $ 38,024,000 (1)(2)(4)ClassI-A-4 $15,544,000 ² ClassII-1A-4 $ 23,768,000 (1)(2)(4)ClassI-M-1 $ 4,660,000 ² ClassII-2A $ 75,162,000 (1)(2)(4)ClassI-M-2 $ 4,142,000 ² ClassII-3A $ 77,349,000 (1)(2)(4)ClassI-M-3 $ 2,395,000 ² ClassII-M-1 $ 33,704,000 (1)(2)(4)ClassI-M-4 $ 2,200,000 ² ClassII-M-2 $ 28,932,000 (1)(2)(4)ClassI-M-5 $ 2,006,000 ² ClassII-M-3 $ 12,527,000 (1)(2)(4)ClassI-M-6 $ 1,877,000 ² ClassII-M-4 $ 12,527,000 (1)(2)(4)ClassI-M-7 $ 1,812,000 ² ClassII-M-5 $ 12,527,000 (1)(2)(4)ClassI-M-8 $ 1,682,000 ² ClassII-M-6 $ 6,860,000 (1)(2)(4)ClassI-M-9 $ 1,488,000 ² ClassII-M-7 $ 8,352,000 (1)(2)(4)

ClassII-M-8 $ 6,264,000 (1)(2)(4)

ClassII-M-9 $ 7,457,000 (1)(2)(4)

(1) Thepass-throughrateson theseclassesof certificatesareadjustableratesasdescribedunder"Summary-Descriptionof theCertificates-Pass-ThroughRates"in this prospectussupplement.

(2) Subjectto acapasdescribedin thisprospectussupplement.(3) Subjectto astep-upif thegroupI optionalterminationright isnotexercised.(4) Subjectto astep-upif thegroupII optionalterminationright isnotexercised.

Thecertificatesrepresentinterestsin a pool of fixed andadjustablerate,conventional,closed-endsub-primemortgageloansthataresecuredby first andsecondlienson one-to four-familyresidentialproperties.

Creditenhancementwill beprovidedby:• excessspreadgeneratedfromtherelatedloangroup;• overcollateralizationwith respectto therelatedloangroup;• cross-collateralizationwith respectto subgroupII-1, subgroupII-2 andsubgroupII-3;• with respectto eachgroupof offeredcertificates,therelatedinterestrateswapagreement;• with respectto theClassI-A Certificates,subordinationof theClassI-M Certificates,andwith respectto theClassI-M Certificates,subordinationof theClassI-M Certificateswith a

highernumericaldesignation;and• with respectto theClassII-A Certificates,subordinationof theClassII-M Certificates,andwith respectto theClassII-M Certificates,subordinationof theClassII-M Certificateswith a

highernumericaldesignation.

Theinterestrateswapagreementswill eachbebetweentherelatedsupplementalinteresttrusttrusteeandABN AMRO BankN.V. for thebenefitof therelatedcertificateholders.

ThegroupI certificatesandgroupII certificateswill notbecross-collateralized.

Neither the SECnor any statesecuritiescommissionhasapprovedthesesecuritiesor determinedthat this prospectussupplementor the baseprospectusis accurateor complete.Any representationto the contrary is a criminal offense.

TheAttorney Generalof the Stateof NewYork hasnot passedon or endorsedthe merits of this offering.Any representationto the contrary is unlawful.

Bear,Stearns4 Co.Inc.,astheunderwriter,will offerthecertificateslistedaboveatvaryingpricesto bedeterminedatthetimeof sale.

Theunderwriterwill deliverto purchasersof theofferedcertificatesin book-entryformonlythroughthefacilitiesof TheDepositoryTrustCompany,ClearstreamandEuroclear,in eachcaseonor aboutFebruary28,2007.








Depositor,



and


Trustee


Datedasof February1,2007









$ 3,040,000 Class I-A-2 Notes $ 1,370,000 Class II-A-2 Notes $ 387,871,614* Class III-C Notes

$ 5,535,000 Class I-A-3 Notes $ 1,525,000 Class II-A-3 Notes

$ 540,000 Class I-A-4 Notes $ 205,000 Class II-A-4 Notes

$ 801,108,419* Class I-C Notes $ 291,667,940* Class II-C Notes



$ 545,000 Class IV-A-2 Notes $ 129,432,420* Class V-C Notes $ 2,300,000 Class VI-A-2 Notes

$ 203,642,915* Class IV-C Notes $ 3,150,000 Class VI-A-3 Notes

$ 596,532,054* Class VI-C Notes




$ 1,395,000 Class VII-A-3 Notes $ 760,000 Class VIII-A-3 Notes $ 2,615,000 Class IX-A-3 Notes

$ 7,465,000 Class VII-A-4 Notes $ 5,000,000 Class VIII-A-4 Notes $ 385,997,874 * Class IX-C Notes

$ 297,754,947 * Class VII-C Notes $ 222,079,641* Class VIII-C Notes

BSSP NIM Trust 2007-N3 Notes,Series 2007-N3-X

$ 769,847,469* Class X-C Notes



(Issuer)


(Issuer)


SERIES 2007-N3-I SERIES 2007-N3-VI

SERIES 2007-N3-II SERIES 2007-N3-VII

SERIES 2007-N3-III SERIES 2007-N3-VIII

SERIES 2007-N3-IV SERIES 2007-N3-IX

SERIES 2007-N3-V SERIES 2007-N3-X










(" Buyers"

PORTAL"





This memorandum has been prepared by CMO Holdings II Ltd. (an "Issuer")"Issuer"

and CMO Holdings III Ltd.

(an"Issuer"

and, together with CMO Holdings II Ltd., the "Issuers") for use solely in connection with the

offering of the Bear Stearns Structured Products Inc. NIM Trust 2007-N3 Notes, Series 2007-N3-I, Series

2007-N3-II, Series 2007-N3-III, Series 2007-N3-IV, Series 2007-N3-V, Series 2007-N3-VI, Series 2007-

N3-VII, Series 2007-N3-VIII, Series 2007-N3-IX and Series 2007-N3-X. The Issuers have not

authorized or assumed any liability for any use of this memorandum in connection with any other offer or

sale of the Notes by Bear, Stearns & Co. Inc., as Initial Purchaser, or any other person.





THERETO, WHICH INCLUDE THE RELATED PROSPECTUS, THE RELATEDUNDERLYING POOLING AND SERVICING AGREEMENT (IN EACH CASE, AS

DESCRIBED HEREIN). INVESTORS INTERESTED IN PURCHASING THE NOTES OFSERIES X, SHOULD ALSO REVIEW THE UNDERLYING INDENTURE, THE UNDERLYINGFISCAL AGENCY AGREEMENT AND THE UNDERLYING PRIVATE PLACEMENTMEMORANDUM WITH RESPECT TO THE APPLICABLE UNDERLYING NIM SECURITIES,EACH CONTAINED IN THE DISCLOSURE EXHIBITS.

The Book-Entry Principal Notes (as defined herein) may only be offered (i) to "qualified institutionalbuyers"

("Qualified Institutional Buyers") within the meaning of Rule 144A under the Securities Act

and/or (ii) institutional investors that are "accreditedinvestors"

(the "Institutional Accredited Investors")Investors"

as defined in Rule 501(a) (1)-(3) and (7) of Regulation D under the Securities Act of 1933, as amended

(the "Securities Act") and/or (iii) to non-U.S. persons outside the United States in compliance with

Regulation S under the Securities Act.

The Physical Principal Notes (as defined herein) may only be offered (i) to Qualified Institutional Buyers



It is expected that delivery of (a) the Book-Entry Principal Notes will be made in book-entry form

through the Same Day Funds Settlement System of The Depository Trust Company, which may include

delivery through Clearstream, société anonyme or Euroclear Bank SA/NV and (b) the Physical Notes (as

defined herein) will initially be made in fully registered, certificated form, in each case on or about March

23, 2007 against payment therefor in immediately available funds. Application will be made to have the

Class X-C Notes accepted for trading in the Private Offerings, Resales and Trading through the

Automated Linkages ("PORTAL")("

System of the National Association of Securities Dealers, Inc. The

information contained herein is confidential and may not be reproduced in whole or in part.


March 23, 2007

11



Execution Copy


AS ISSUER


AS ISSUER

AND



INDENTURE

DATED AS OF MARCH 23, 2007


SERIES 2007-N3-I

SERIES 2007-N3-II

SERIES 2007-N3-III

SERIES 2007-N3-IV

SERIES 2007-N3-V

SERIES 2007-N3-VI

SERIES 2007-N3-VII

SERIES 2007-N3-VIII

SERIES 2007-N3-IX

SERIES 2007-N3-X

NY2383434't5v4



LJ UL l.LJ DBSABS U 2007-HE3V V I

~-N




424B5 I d650730 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUS SUPPLEMENT(To Base Prospectus dated March 14, 2007)

$916,696,000

(Approximate)

Bear Stearns Asset Backed Securities I Trust 2007-HK3

Issuing Entity

Asset-Backed Certificates, Series 2007-HK3

KMC Mortgage CorporationSponsor and Master Servicer


The issuing entity is offering the following classes of certificates pursuant to this prospectus supplementand the base prospectus:

Consider carefully the risk factors beginning on page S-16 in this prospectus supplement and on page 6 in the base prospectus.The certificates represent obligations of the issuing entity only and do not represent an interest in or obligation of Bear Stearns Asset BackedSecurities I LLC, EMC Mortgage Corporation, LaSalle Bank National Association or any of their affiliates.This prospectus supplement may be used to offer and sell the offered certificates only if accompanied by the base prospectus.

OriginalCertificate

Original Certificate Pass- Through Principal Pass- ThroughClass Principal Balance(» Class Balance(»

Class I-A-1 $254,726,000 Class M-3 $17,955,000

Class I-A-2 $112,901,000 Class M-4 $18,441,000

Class I-A-3 $69,694,000 Class M-5 $17,955,000

Class I-A-4 $56,400,000 Class M-6 $11,647,000

Class II-A $131,715,000 Class M-7 $12,617,000

Class III-A $90,354,000 Class M-8 $11,161,000

Class M-1 $50,955,000 Class M-9 $13,103,000

Class M-2 $47,072,000

(1) The pass-through rates on these classes of certificates are adjustable rates as described under "Summary Description of theCertificates Pass-Through Rates" in this prospectus supplement.


(3) Subject to a step-up if the optional termination right is not exercised.

The certificates represent interests in a pool of fixed and adjustable rate, conventional, closed-end sub-prime mortgage loans that are secured by firstand second liens on one- to four-family residential properties.

Credit enhancement will be provided by:~ excess spread;~ overe ollateralization;~ cross-collateralization;~ the interest rate swap agreement; and~ subordination of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates.

The interest rate swap agreement will be between the supplemental interest trust trustee and the Wachovia Bank, National Association for the benefitof the certificateholders.





Neither the SEC nor any state securities commission has approved these securities or determined that this prospectus supplement or thebase prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

The Attorney General of the State of New York has not passed on or endorsed the merits of this offering. Any representation to the contraryis unlawful.


The underwriter will deliver to purchasers of the offered certificates in book-entry form only through the facilities of The Depository Trust Company,Clearstream and Euroclear, in each case, on or about March 30, 2007.

Bear, Stearns & Co. Inc.The date of the prospectus supplement is March 29, 2007





EX-4.1 3 d650522ex4_1.htm POOLING AND SERVICING AGREEMENTBEAR STEARNS ASSET BACKED SECURITIES I LLC

Depositor,


Seller and Master Servicer

and


Trustee


Dated as of March 1, 2007



TABLE OF CONTENTS

ARTICLE I

DEFINITIONS

Section 1.01 Defined Terms.

Section 1.02 Allocation of Certain Interest Shortfalls.

ARTICLE II

CONVEYANCE OF TRUST FUND

Section 2.01 Conveyance of Trust Fund.

Section 2.02 Acceptance of the Mortgage Loans.

Section 2.03 Representations, Warranties and Covenants of the Master Servicer and the Seller.

Section 2.04 Representations and Warranties of the Depositor.

Section 2.05 Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases.

Section 2.06 Countersignature and Delivery of Certificates.

Section 2.07 Purposes and Powers of the Trust.

ARTICLE III

ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS

Section 3.01 The Master Servicer to act as Master Servicer.

Section 3.02 Due-on-Sale Clauses; Assumption Agreements.

Section 3.03 Subservicers.





BSSP NIM Trust 2007-N4 Notes, BSSP NIM Trust 2007-N4 Notes, BSSP NIM Trust 2007-N4 Notes,Series 2007-N4-I Series 2007-N4-II Series 2007-N4-III$11,130,000 Class I-A-1 Notes $10,655,000 Class II-A-1 Notes $4,310,000 Class III-A-1 Notes$4,390,000 Class I-A-2 Notes $3,905,000 Class II-A-2 Notes $1,180,000 Class III-A-2 Notes$3,940,000 Class I-A-3 Notes $6,135,000 Class II-A-3 Notes $1,910,000 Class III-A-3 Notes

$5,950,000 Class I-A-4 Notes $545,000 Class II-A-4 Notes $265,000 Class III-A-4 Notes$390,231,873* Class I-C Notes $936,661,232* Class II-C Notes $453,634,421* Class III-C Notes

BSSP NIM Trust 2007-N4 Notes, BSSP NIM Trust 2007-N4 Notes, BSSP NIM Trust 2007-N4 Notes,Series 2007-N4-IV Series 2007-N4-V Series 2007-N4-VI$2,575,000 Class IV-A-1 Notes $30,100,000 Class V-A-1 Notes $15,425,000 Class VI-A-1 Notes$373,991,112* Class IV-C Notes $5,135,000 Class V-A-2 Notes $2,310,000 Class VI-A-2 Notes

$7,155,000 Class V-A-3 Notes $1,160,000 Class VI-A-3 Notes$970,562,290* Class V-C Notes $5,000,000 Class VI-A-4 Notes

$1,415,853,132* Class VI -C Notes



(Issuer)


SERIES 2007-N4-I

SERIES 2007-N4-II

SERIES 2007-N4-III

SERIES 2007-N4-IV

SERIES 2007-N4-V

SERIES 2007-N4-VI

THIS MEMORANDUM IS DESIGNED TO BE DELIVERED BY BEAR, STEARNS IF, CO. INC. TO





[email protected] or any other sender authorized by Bear, Stearns 8r, Co. Inc., there is a presumption


Structured Products Inc. and Bear, Stearns 8r, Co. Inc. disclain any responsibility for its content and use.





This memorandum has been prepared by CMO Holdings III Ltd. (the"Issuer"

) for use solely in

connection with the offering of the Bear Stearns Structured Products Inc. NIM Trust 2007-N4 Notes,Series 2007-N4-I, Series 2007-N4-II, Series 2007-N4-III, Series 2007-N4-IV, Series 2007-N4-V and

Series 2007-N4-VI. The Issuer has not authorized or assumed any liability for any use of this

memorandum in connection with any other offer or sale of the Notes by Bear, Stearns 8r, Co. Inc., as

Initial Purchaser, or any other person.



INVESTORS INTERESTED IN PURCHASING THE NOTES OF EACH SERIES SHOULDREVIEW THE INDENTURE (AS DESCRIBED HEREIN) AND THE FISCAL AGENCYAGREKMKNT (AS DEFINED HEREIN) IN CONJUNCTION WITH THIS MEMORANDUM. IN

ADDITION, SUCH INVESTORS SHOULD REVIEW IN CON JUNCTION WITH THIS



THERETO, WHICH INCLUDE EITHER THE RELATED PROSPECTUS OR UNDERLYING

PPM, AND THK RELATED UNDERLYING POOLING AND SERVICING AGREEMENT (IN

EACH CASE, AS DESCRIBED HEREIN).

The Book-Entry Principal Notes (as defined herein) may only be offered (i) to "qualified institutionalbuyers" ("

Qualified InstitutionalBuyers"

) within the meaning of Rule 144A under the Securities Act

and/or (ii) institutional investors that are "accreditedinvestors"

(the "Institutional AccreditedInvestors"

)as defined in Rule 501(a) (1)-(3) and (7) of Regulation D under the Securities Act of 1933, as amended

(the "Securities Act") and/or (iii) to non-U.S. persons outside the United States in compliance with


The Physical Principal Notes (as defined herein) may only be offered (i) to Qualified Institutional Buyers





delivery through Clearstream, societe anonyme or Euroclear Bank SA/NV and (b) the Physical Notes (as

defined herein) will initially be made in fully registered, certificated form, in each case on or about April

24, 2007 against payment therefor in inunediately available funds. The information contained herein is

confidential and may not be reproduced in whole or in part.


April 24, 2007

~~



vx'


AS ISSUER

AND



INDENTURE

DATEDun' au ASeo OF APRILru Lua 24, 2007@VV S


SERIES 2007-N4-IIOT. A TT.'0 6 RR'7 kT A TTTSERIES 2007-N4-III

SERIES 2007-N4-IV

SERIES 2007-N4-V

SERIES 2007-N4-VI

NY 238377703v6NY238377703v6



BSABS ~ 2007-HE5<v

~-N




424B5 1 d670436 424b5.htm BEAR STEARNS ASSET BACKED SECURITIES I LLCPROSPECTUSSUPPLEMENT(To BaseProspectusdatedMarch 14,2007)


Bear Stearns Asset Backed Securities I Trust 2007-HE5Issuing Entity

Asset-Backed Certificates, Series2007-HE5EMC Mortgage CorporationSponsor and Master Servicer


The issuingentity is offering the following classesof certificatespursuantto this prospectussupplementandthe baseprospectus:

Consider carefully the risk factors beginning on page S-16in this prospectus supplement and on page 6 in the baseprospectus.

The certificatesrepresentobligations of the issuingentity only anddo not representan interestin or obligation of Bear StearnsAssetBackedSecuritiesI LLC, EMC MortgageCorporation,LaSalleBank National Associationor any of their affiliates.

This prospectussupplementmay be usedto offer andsell the offered certificatesonly if accompaniedby thebaseprospectus.

Original Certificate Original CertificateClass Principal Balance(4) Pass-Through Rateo) Class Principal Balance(4) Pass-Through Rateo)

ClassI-A-1 $ 146,583,000 (1)(2) ClassM-3 $ 9,019,000 (1)(2)(3)ClassI-A-2 $ 60,092,000 (1)(2)(3) ClassM-4 $ 10,689,000 (1)(2)(3)ClassI-A-3 $ 40,856,000 (1)(2)(3) ClassM-5 $ 10,021,000 (1)(2)(3)ClassI-A-4 $ 31,526,000 (1)(2)(3) ClassM-6 $ 5,011,000 (1)(2)(3)ClassII-A $ 99,922,000 (1)(2)(3) ClassM-7 $ 9,353,000 (1)(2)(3)ClassIII-A $ 122,752,000 (1)(2)(3) ClassM-8 $ 7,683,000 (1)(2)(3)ClassM-1 $ 40,753,000 (1)(2)(3) ClassM-9 $ 9,353,000 (1)(2)(3)ClassM-2 $ 30,732,000 (1)(2)(3)

(1) The pass-throughrateson theseclassesof certificates are adjustableratesas describedunder "Summary-Description of the Certificates-Pass-Through Rates" inthis prospectussupplement.

(2) Subjectto a capasdescribedin this prospectussupplement.

(3) Subjectto a step-upif the optional termination right is not exercised.

(4) Approximate. The initial certificate principal balanceof eachclassis subjectto a varianceof plus or minus 5%.

The certificatesrepresentinterestsin a pool of fixed and adjustablerate,conventional,closed-endsub-primemortgageloans that are securedby first and secondliens on one- to four-family residentialproperties.

Credit enhancementwill be provided by:• excessspread;• overcollateralization;• cross-collateralization;• the interestrate swapagreement;and• subordinationof the ClassM-1, ClassM-2, ClassM-3, ClassM-4, ClassM-5, ClassM-6, ClassM-7, ClassM-8 andClassM-9 Certificates.

The interestrate swapagreementwill be betweenthe supplementalinteresttrust trusteeandBear StearnsFinancial ProductsInc. for thebenefit of the certificateholders.

Neither the SEC nor any state securities commission has approved these securities or determined that this prospectus supplement or the base prospectus is accurate orcomplete. Any representation to the contrary is a criminal offense.

The Attorney General of the State of New York has not passedon or endorsed the merits of this offering. Any representation to the contrary is unlawful.

Bear,Stearns& Co. Inc., asthe underwriter,will offer the certificateslisted aboveat varying pricesto be determinedat the time of sale.

The underwriter will deliver to purchasersof the offered certificatesin book-entry form only through the facilities of The Depository Trust Company,ClearstreamandEuroclear,in eachcase,on or aboutMay 30, 2007.

Bear, Stearns 4 Co. Inc.The dateof the prospectussupplementis May 29, 2007

TABLE OF CONTENTS

PROSPECTUSSUPPLEMENT PROSPECTUS

SUMMARY





EX-4.1 3 d675947ex4-1.htm PSA


Depositor,



and


Trustee


Datedasof May 1,2007



https://www.sec.gov/Archives/edgar/data/1397909/000088237707001679/d675947ex4-1.htm 1/247



Buyers"



$ 2,055,000 Class I-A-1 Notes $ 8,690,000 Class II-A-1 Notes $ 21,200,000 Class III-A-1 Notes$ 82,560,331* Class I-C Notes $ 2,915,000 Class II-A-2 Notes $ 3,400,000 Class III-A-2 Notes

$ 2,275,000 Class II-A-3 Notes $ 3,665,000 Class III-A-3 Notes

$ 768,241,379* Class II-C Notes $ 668,084,471* Class III-C Notes


CMO HOLDINGS HI LTD.

(Issuer)


SERIES 2007-N6-I

SERIES 2007-N6-II

SERIES 2007-N6-HI

THIS MEMORANDUM IS DESIGNED TO BE DELIVERED BY BEAR, STEARNS & CO. INC. TO












This memorandum has been prepared by CMO Holdings III Ltd. (the "Issuer")"Issuer"

for use solely in

connection with the offering of the Bear Stearns Structured Products Inc. NIM Trust 2007-N6 Notes,Series 2007-N6-I, Series 2007-N6-II and Series 2007-N6-III. The Issuer has not authorized or assumed

any liability for any use of this memorandum in connection with any other offer or sale of the Notes by

Bear, Stearns & Co. Inc., as Initial Purchaser, or any other person.






DESCRIBED HEREIN).

The Book-Entry Principal Notes (as defined herein) may only be offered (i) to "qualified institutionalbuyers"

("Qualified("

Institutional Buyers") within the meaning of Rule 144A under the Securities Actand/or (ii) institutional investors that are "accredited

investors"(the "Institutional Accredited

Investors")



as defined in Rule 501(a) (1)-(3) and (7) of Regulation D under the Securities Act of 1933, as amended

(the "Securities Acf') and/or (iii) to non-U.S. persons outside the United States in compliance with


The Physical Principal Notes (as defined herein) may only be offered (i) to Qualified Institutional Buyersand/or (ii) Institutional Accredited Investors.




delivery through Clearstream, société anonyme or Euroclear Bank SA/NV and (b) the Physical Notes (as

defined herein) will initially be made in fully registered, certificated form, in each case on or about June

22, 2007 against payment therefor in immediately available funds.


June 22, 2007

~~



or. an.o anna xvz rrr

Execution Copy


AS ISSUER

AND



INDENTURE

DATED AS OF JUNE 22, 2007


SERIES 2007-N6-II

SERIES 2007-N6-III

NY 238432978v5NY238432978v5

