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<br />200800891 <br /> <br />Registration Systems, Inc. to U.S. Bank National Association as <br />Trustee under Pooling and Servicing Agreement dated as of August 1, <br />2006 MASTR Asset Backed Securities Trust 2006 HE3 Mortgage Pass~ <br />Through Certificates Series 2006 HE3 by an Assignment dated October <br />26, 2007 and recorded on November 9, 2007 as Instrument No. <br />200709575 in the office of the Register of Deeds of Hall County, <br />Nebraska. That by Substitution of Trustee dated October 26, 2007, <br />made by U.S. Bank National Association as Trustee under Pooling and <br />Servicing Agreement dated as of August 1, 2006 MASTR Asset Backed <br />Securities Trust 2006 HE3 Mortgage Pass-Through Certificates Series <br />2006 HE3 Grantor was substituted as Trustee in place of Old <br />Republic National Title Insurance Company. The Substitution of <br />Trustee was recorded on November 9, 2007 as Instrument No. <br />200709576, in the Office of the Register of Deeds of Hall County, <br />Nebraska. The fulfillment of the following conditions, as <br />specified in the Trust Deed, authorize this conveyance: <br />1. Breach and default were made under the terms of the Trust <br />Deed in the particular set forth in the notice of default <br />hereinafter referred to, which default continued until the time of <br />sale. <br />2. There was filed for record on November 9, 2007, as <br />Instrument No. 200709577, a Notice of Default in the Office of the <br />Register of Deeds of Hall County, Nebraska, and of election to sell <br />the property to satisfy the obligations secured thereby and <br />thereafter notice of the filing of the Notice of Default was sent <br />in the statutory manner to all persons entitled to a notice <br />thereof. <br />3. That thereafter Notice of Trustee's sale was properly made <br />stating that Trustee would sell at public auction to the highest <br />bidder the property hereinbefore described, fixing the time and <br />place of the sale as January 30, 2008 at 10:00 o'clock A.M. in the <br />Lower Lobby of the Hall County Courthouse, Grand Island, Nebraska <br />and caused copies of said notice to be published once a week for <br />five consecutive weeks in the Grand Island Independent, a legal <br />newspaper printed, published and of general circulation in the <br /> <br />-2- <br />