Policy No definition

Policy No. [51323-N] Date of Issuance: September 26, 2002 be deemed Received until Received by both and (ii) all payments required to be made by Financial Security under this Policy may be made directly by Financial Security or by the Fiscal Agent on behalf of Financial Security. The Fiscal Agent is the agent of Financial Security only and the Fiscal Agent shall in no event be liable to any Holder for any acts of the Fiscal Agent or any failure of Financial Security to deposit, or cause to be deposited, sufficient funds to make payments due under this Policy.

Policy No. 50892-N Date of Issuance: December 21, 1999 Exhibit A To Endorsement 1 NOTICE OF CLAIM AND CERTIFICATE Financial Security Assurance Inc. ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ The undersigned, a duly authorized officer of U.S. Bank National Association (the "Trust Administrator"), hereby certifies to Financial Security Assurance Inc. ("Financial Security") with reference to Financial Guaranty Insurance Policy No. 50892-N dated December 21, 1999 (the "Policy") issued by Financial Security in respect of the New Century Home Equity Loan Trust, Series ▇▇▇▇-▇▇▇, ▇▇▇▇▇ Backed Pass-Through Certificates, Class A (the "Certificates"), that:

Policy No. Expiry Date: Limit of Indemnity: Public Liability (to £5m): Policy No: Expiry Date: Limit of Indemnity: Professional Indemnity Liability (to £5m): Policy No: Expiry Date: Limit of Indemnity: Please include a copy of the insurance certificate for each policy.

Policy No. 50950-N Date of Issuance: June 29, 2000

Policy No. 0025510 ("Policy") -------------------------------------------------------------------------------------------------- Insured: Nich▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇ ("Insured") -------------------------------------------------------------------------------------------------- Owner/Assignor: Rebe▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇ Nich▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇, Trustees under the Nich▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇evocable 1996 Trust ("Assignor")

Policy No. [________] Date of Issuance: July __, 2000 Telecopy No.: (212) 339-3518 ▇▇▇▇▇▇▇▇▇▇▇▇: (212) 826-0100 Financial Security m▇▇ ▇▇▇▇▇▇▇ ▇ ▇ifferent address or addresses by writing, mailed or delivered to the Trust Administrator.

Policy No. 50860-N Date of Issuance: September 28, 1999 The Fiscal Agent is the agent of Financial Security only and the Fiscal Agent shall in no event be liable to any Holder for any acts of the Fiscal Agent or any failure of Financial Security to deposit, or cause to be deposited, sufficient funds to make payments due under this Policy.

Policy No. 50892-N Date of Issuance: December 21, 1999

Policy No. [________] Date of Issuance: July __, 2000 during the Term of this Policy because such distributions were avoidable as preference payments under applicable bankruptcy law (the "Order"), (B) a certificate of the Holder that the Order has been entered and is not subject to any stay and (C) an assignment duly executed and delivered by the Holder, in such form as is reasonably required by Financial Security and provided to the Holder by Financial Security, irrevocably assigning to Financial Security all rights and claims of the Holder relating to or arising under the Certificates against the debtor which made such preference payment or otherwise with respect to such preference payment or (ii) the date of Receipt by Financial Security from the Trust Administrator of the items referred to in clauses (A), (B) and (C) above if, at least four Business Days prior to such date of Receipt, Financial Security shall have Received written notice from the Trust Administrator that such items were to be delivered on such date and such date was specified in such notice. Such payment shall be disbursed to the receiver, conservator, debtor-in-possession or trustee in bankruptcy named in the Order and not to the Trustee, the Trust Administrator or any Holder directly (unless a Holder has previously paid such amount to the receiver, conservator, debtor-in-possession or trustee in bankruptcy named in the Order, in which case such payment shall be disbursed to the Trust Administrator for distribution to such Holder upon proof of such payment reasonably satisfactory to Financial Security). In connection with the foregoing, Financial Security shall have the rights provided pursuant to Sections 4.02(d), 4.02(f) and 9.04 of the Pooling and Servicing Agreement.