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Bear Stearns Asset Backed Securities I Trust 2005-CL1 · 8-K/A · For 1/19/06

Filed On 1/20/06, 5:47pm ET   ·   Accession Number 1068238-6-49   ·   SEC File 333-125422-23

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  As Of                Filer                Filing    For/On/As Docs:Size              Issuer               Agent

 1/23/06  Bear Stearns ABSs I Tr 2005-CL1   8-K/A:8,9   1/19/06    1:157K                                   Orrick Herringto..LLP/FA

Amendment to Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K/A       Bear Stearns Asset-Backed Securities 8K/A           HTML     90K 


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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) January 19, 2006

 

BEAR STEARNS ASSET BACKED SECURITIES I LLC

(Exact name of registrant as specified in its charter)

 

 

 

Delaware

 

 

 

333-125422

 

 

 

30-0183252

 

(State or Other Jurisdiction

of Incorporation)

 

 

 

(Commission

File Number)

 

 

 

(I.R.S. Employer

Identification No.)

 

383 Madison Avenue

New York, New York

 

 

 

 

 

 

 

10l79

 

(Address of Principal

Executive Offices)

 

 

 

 

 

 

 

(Zip Code)

 

 

Registrants telephone number, including area code, is (212) 272-2000

 

______________________________________________________________________________

 

 

 

 

 



 

 

Exhibit Index located on Page 2

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions .

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

 

Item 8. Other Events.

The original Form 8-K, filed on November 9, 2005, is hereby amended by this Form 8-K/A to amend the Pooling and Servicing Agreement, dated as of October 1, 2005, among Bear Stearns Asset-Backed Securities I LLC as depositor, Ocwen Mortgage Asset Trust I, Ellington Acquisition Trust 2005-1 and Ellington Acquisition Trust 2005-2 as Sellers, Ocwen Loan Servicing, LLC as Servicer, Wells Fargo Bank, N.A., as Custodian, Risk Management Group, as Risk Manager, LaSalle Bank National Association, as Master Servicer and Securities Administrator, and Citibank, N.A. as trustee.

 

Item 9.

Financial Statements, Pro Forma Financial Information and Exhibits.

 

(a)          Not applicable

(b)          Not applicable

(c)          Exhibits (executed copies): The following execution copies of Exhibits to the Form S-3 Registration Statement of the Registrant are hereby filed:

 

Sequentially

Exhibit

Numbered

Number

Exhibit Page

 

10.1       Amendment No. 1 to the Pooling and Servicing Agreement, dated as of October 1, 2005 among Bear Stearns Asset-Backed Securities I LLC as depositor, Ocwen Mortgage Asset Trust I, Ellington Acquisition Trust 2005-1 and Ellington Acquisition Trust 2005-2 as Sellers, Ocwen Loan Servicing, LLC as Servicer, Wells Fargo Bank, N.A., as Custodian, Risk Management Group, as Risk Manager, LaSalle Bank National Association, as Master Servicer and Securities Administrator, and Citibank, N.A. as trustee.

 

 



 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized.

 

BEAR STEARNS ASSET BACKED
SECURITIES I LLC

 

 

By: /s/ Baron Silverstein                             

Name:  Baron Silverstein

Title:    Vice President

 

 

Dated: January 19, 2005

 

[8-K – PSA]

 



 

 

EXHIBIT INDEX

 

 

 

Exhibit

Number

 

Item 601 (a) of

Regulation S-K

Exhibit No.

 

Sequentially

Numbered

Description

 

Page

 

1

 

4

 

Amendment No. 1 to Pooling and Servicing Agreement

 

5

 

 



 

 

 

EXHIBIT 1

 

 

 

 

 

 

 

BEAR STEARNS ASSET BACKED SECURITIES I LLC,

Depositor,

OCWEN MORTGAGE ASSET TRUST I

ELLINGTON ACQUISITION TRUST 2005-1

ELLINGTON ACQUISITION TRUST 2005-2,

Sellers,

OCWEN LOAN SERVICING, LLC,

Servicer,

LASALLE BANK NATIONAL ASSOCIATION,

Master Servicer and Securities Administrator,

WELLS FARGO BANK, NATIONAL ASSOCIATION,

Custodian,

RISK MANAGEMENT GROUP,

Risk Manager

and

CITIBANK, N.A.,

Trustee

____________________

AMENDMENT NO. 1

dated as of January 20, 2006

amending the

POOLING AND SERVICING AGREEMENT

among the Depositor, the Sellers, the Servicer, the Master Servicer, the

Securities Administrator, the Custodian, the Risk Manager and the Trustee

dated as of October 1, 2005

________________________________________

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-CL1

ASSET-BACKED CERTIFICATES, SERIES 2005-CL1

 

 



 

 

               AMENDMENT NO. 1 ("Amendment"), dated as of the 20th day of January, 2006, to the Agreement (defined below). Capitalized terms used herein shall have the meanings given thereto in the Agreement.

 

WHEREAS, BEAR STEARNS ASSET BACKED SECURITIES I LLC, a Delaware limited liability company, as depositor (the “Depositor”), OCWEN LOAN SERVICING, LLC, a Delaware limited liability company, as Servicer (in such capacity, the “Servicer”), OCWEN MORTGAGE ASSET TRUST I, as a Seller (“Ocwen Trust”), ELLINGTON MORTGAGE ACQUISITION TRUST 2005-1, as a Seller (“Ellington 2005-1”), ELLINGTON ACQUISITION TRUST 2005-2, as a Seller (“Ellington 2005-2” and, together with Ocwen Trust and Ellington 2005-1, the “Sellers”), LASALLE BANK NATIONAL ASSOCIATION, a national banking association, as Master Servicer (in such capacity, the “Master Servicer”) and as Securities Administrator (in such capacity, the “Securities Administrator”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as custodian (the “Custodian”), RISK MANAGEMENT GROUP, LLC, a limited liability company, as Risk Manager (the “Risk Manager”), and CITIBANK, N.A., a national banking association, not in its individual capacity, but solely as trustee (the “Trustee”) entered into a Pooling and Servicing Agreement, dated as of October 1, 2005 (the “Agreement”), providing for the issuance of Bear Stearns Asset Backed Securities I LLC, Asset-Backed Certificates, Series 2005-CL1 (the “Certificates”); and

 

WHEREAS, Section 12.01 of the Agreement permits the amendment of the Agreement by the Depositor, the Sellers, the Servicer, the Master Servicer, the Securities Administrator, the Custodian, the Risk Manager and the Trustee, without notice to or the consent of any of the Certificateholders, to correct or supplement any provisions therein that may be defective or inconsistent with any other provisions therein; and

 

WHEREAS, the Depositor, the Sellers, the Servicer, the Master Servicer, the Securities Administrator, the Custodian, the Risk Manager and the Trustee wish to amend the Agreement as set forth herein; and

 

WHEREAS, the execution of this Amendment has been duly authorized by the Depositor, the Sellers, the Servicer, the Master Servicer, the Securities Administrator, the Custodian, the Risk Manager and the Trustee (at the direction of the Depositor); and

 

NOW THEREFORE, the Depositor, the Sellers, the Servicer, the Master Servicer, the Securities Administrator, the Custodian, the Risk Manager and the Trustee (at the direction of the Depositor) hereby agree as follows:

 

Section 1.

 

 

 

 

 

 

 

 

 

               The reference to “20.25%” in the definition of “Certificate Margin” with respect to the Class M-4 Certificates is hereby replaced with “2.025%”.

 

The reference to “30%” in the parenthetical in the first sentence thereof is hereby replaced with “25%”.

 

 

 



 

 

 

Section 2.

 

 

 

 

 

 

 

 

 

               This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument.

 

Section 3.

 

 

 

 

 

 

 

 

 

               Except as set forth in this Amendment No. 1, all other terms and conditions of the Agreement shall remain in full force and effect.

 

Section 3.

 

 

 

 

 

 

 

 

 

               The Trustee shall not be responsible in any manner whatsoever or in respect of the validity or sufficiency of this Amendment No. 1 or for, or in respect of, the recitals contained herein, other than those recitals pertaining directly to the Trustee.

 

 

 



 

 

                IN WITNESS WHEREOF, the parties hereto have caused their names to be signed hereto by their officers thereunto duly authorized and their seal, duly attested, to be hereunto affixed, all as of the day and year first above written.

 

 

BEAR STEARNS ASSET BACKED SECURITIES I LLC,

 

as Depositor

 

 

 

 

 

By: /s/ Baron Silverstein______________

 

Name: Baron Silverstein

 

Title: Senior Managing Director

 

 

 

 

 

ELLINGTON ACQUISITION TRUST 2005-1,

 

as Seller

 

By: Wells Fargo Delaware Trust Company, not in its individual capacity but solely as Acquisition Trustee

 

 

 

 

 

By: /s/ Mitchell E. Levine______________

 

Name: Mitchell Levine

 

Title: Director of Loan Acquisitions

 

 

 

 

 

ELLINGTON ACQUISITION TRUST 2005-2,

 

as Seller

 

By: Wells Fargo Delaware Trust Company, not in its individual capacity but solely as Acquisition Trustee

 

 

 

 

 

By: /s/ Mitchell E. Levine______________

 

Name: Mitchell Levine

 

Title: Director of Loan Acquisitions

 

 

 

 

 

OCWEN MORTGAGE ASSET TRUST I,

 

as Seller

 

By:  Delaware Trust Company, National Association, not in its individual capacity but solely as Owner Trustee

 

 

 

 

 

By: /s/ Jason Concavage______________

 

 

 



 

 

 

 

Name: Jason Concavage

 

Title: Trust Officer

 

 

 

 

 

OCWEN LOAN SERVICING, LLC,

 

as Servicer

 

 

 

 

 

By: /s/ Richard Delgado______________

 

Name: Richard Delgado

 

Title: Authorized Representative

 

 

 

 

 

LASALLE BANK NATIONAL ASSOCIATION,

 

as Master Servicer and Securities Administrator

 

 

 

 

 

By: /s/ Christopher Lewis____________

 

Name: Christopher Lewis

 

Title: Assistant Vice President

 

 

 

 

 

CITIBANK, N.A.,

 

As Trustee

 

 

 

 

 

By: /s/ John Hannon____________

 

Name: John Hannon

 

Title: Assistant Vice President

 

 

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

 

 

 

 

 

By: /s/ Leigh Taylor____________

 

Name: Leigh Taylor

 

Title: Vice President

 

 

 

 

 

RISK MANAGEMENT GROUP, LLC,

 

as Risk Manager

 

 

 



 

 

 

 

 

 

 

 

By: /s/ Charles Cacici__________

 

Name:

 

Title:

 

 

 

 

 

RISK MANAGEMENT GROUP, LLC,

 

as Risk Manager

 

 

 

 

 

By: /s/ John Cafiero___________

 

Name:

 

Title:

 

 



 

 

 

STATE OF NEW YORK

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF NEW YORK

)

 

 

 

 

 

 

 

 

 

 

On this 17th day of January, 2006, before me, a notary public in and for said State, appeared Baron Silverstein, personally known to me on the basis of satisfactory evidence to be an authorized representative of Bear Stearns Asset Backed Securities I LLC, one of the companies that executed the within instrument, and also known to me to be the person who executed it on behalf of such limited liability company and acknowledged to me that such limited liability company executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

By: _/s/ Michelle Sterling_____________

 

Notary Public

 

 

[Notarial Seal]

 

 



 

 

STATE OF DELAWARE

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF NEW CASTLE

)

 

 

 

 

 

 

 

 

 

 

On this 19th day of January, 2006, before me, a notary public in and for said State, appeared Jason Concavage, personally known to me on the basis of satisfactory evidence to be an authorized representative of Delaware Trust Company, National Association, the Owner Trustee of Ocwen Mortgage Asset Trust I, (“OMAT”), one of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of Delaware Trust Company, National Association, not in its individual capacity but solely as Owner Trustee of OMAT.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ Kenneth E. Holbert, Sr.              

Notary Public

[Notarial Seal]

 

 



 

 

STATE OF CONNECTICUT

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF FAIRFIELD

)

 

 

 

 

 

 

 

 

 

 

On this 18th day of January, 2006, before me, a notary public in and for said State, appeared Mitchell Levine, personally known to me on the basis of satisfactory evidence to be an authorized representative of Wells Fargo Delaware Trust Company (“WFDTC”), the Acquisition Trustee of Ellington Acquisition Trust 2005-1 (the “Acquisition Trust”), one of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of WFDTC, not in its individual capacity but solely as Acquisition Trustee for the Acquisition Trust.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ Jennifer Marzullo                        

Notary Public

[Notarial Seal]

 

 



 

 

STATE OF CONNECTICUT

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF FAIRFIELD

)

 

 

 

 

 

 

 

 

 

 

On this 18th day of January, 2006, before me, a notary public in and for said State, appeared Mitchell Levine, personally known to me on the basis of satisfactory evidence to be an authorized representative of Wells Fargo Delaware Trust Company (“WFDTC”), the Acquisition Trustee of Ellington Acquisition Trust 2005-2 (the “Acquisition Trust”), one of the entities that executed the within instrument, and also known to me to be the person who executed it on behalf of WFDTC, not in its individual capacity but solely as Acquisition Trustee for the Acquisition Trust.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ Jennifer Marzullo                        

Notary Public

[Notarial Seal]

 

 



 

 

STATE OF FLORIDA

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF PALM BEACH

)

 

 

 

 

 

 

 

 

 

 

On this 17th day of January, 2006, before me, a notary public in and for said State, appeared Richard Delgado, personally known to me on the basis of satisfactory evidence to be an authorized representative of Ocwen Loan Servicing, LLC, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of such corporation and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ Patricia Robertson                      

Notary Public

[Notarial Seal]

 

 



 

 

STATE OF ILLINOIS

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF COOK

)

 

 

 

 

 

 

 

 

 

 

On this 18th day of January, 2006, before me, a notary public in and for said State, appeared Christopher Lewis, personally known to me on the basis of satisfactory evidence to be an authorized representative of LaSalle Bank National Association, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of such corporation and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ Ethel Franklin                              

Notary Public

[Notarial Seal]

 

 



 

 

STATE OF NEW YORK

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF NEW YORK

)

 

 

 

 

 

 

 

 

 

 

On this 20th day of January, 2006, before me, a notary public in and for said State, appeared John Hannon, personally known to me on the basis of satisfactory evidence to be an authorized representative of Citibank, N.A., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of such corporation and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ John H. Moore                            

Notary Public

[Notarial Seal]

 

 



 

 

STATE OF MINNESOTA

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF HENNEPIN

)

 

 

 

 

 

 

 

 

 

 

On this 18th day of January, 2006, before me, a notary public in and for said State, appeared Leigh Taylor, personally known to me on the basis of satisfactory evidence to be an authorized representative of Wells Fargo Bank, National Association that executed the within instrument, and also known to me to be the person who executed it on behalf of such corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ Babette Scheerer                        

Notary Public

[Notarial Seal]

 

 



 

 

STATE OF NEW YORK

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF NEW YORK

)

 

 

 

 

 

 

 

 

 

 

On this 20th day of January, 2006, before me, a notary public in and for said State, appeared John Cafiero, personally known to me on the basis of satisfactory evidence to be an authorized representative of The Risk Management Group that executed the within instrument, and also known to me to be the person who executed it on behalf of such corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ Lorrane Cornella                        

Notary Public

[Notarial Seal]

 

 



 

 

STATE OF NEW YORK

)

 

 

 

 

 

) ss.:

 

 

 

 

COUNTY OF NEW YORK

)

 

 

 

 

 

 

 

 

 

 

On this 20th day of January, 2006, before me, a notary public in and for said State, appeared Charles Cacici, personally known to me on the basis of satisfactory evidence to be an authorized representative of The Risk Management Group that executed the within instrument, and also known to me to be the person who executed it on behalf of such corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

 

/s/ Lorrane Cornella                        

Notary Public

[Notarial Seal]

 

 

 

 

 


Dates Referenced Herein   and   Documents Incorporated By Reference

This 8-K/A Filing   Date   Other Filings
1/19/05
10/1/05
11/9/058-K
For The Period Ended1/19/06
Filed On1/20/06
Filed As Of1/23/06
 
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Filing Submission 0001068238-06-000049   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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