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--- 200807826 Company as Trustee under Pooling and Servicing Agreement dated as of April I, 2006 Morgan Stanley ABS Capital I Inc. Trust 2006-NC3 Mortgage Pass-Through Certificates, Series 2006 NC3 by an Assignment dated June 3, 2008 and recorded on June 18, 2008 as Instrument No. 200805239 in the Office of the Register of Deeds of Hall County, Nebraska. That by Substitution of Trustee dated June 10, 2008, made by Barclays Capital Real Estate Inc. dba HomEq Servicing, Attorney in Fact for Deutsche Bank National Trust Company as Trustee under Pooling and Servicing Agreement dated as of April 1, 2006 Morgan Stanley ABS Capital I Inc. Trust 2006-NC3 Mortgage Pass-Through - Certificates, Series2-006-NCi;-drantor was substituted as Trustee in place of Ticor Title Insurance Company. The Substitution of Trustee was recorded on June 18, 2008, as Instrument No. 200805240 in the Office of the Register of Deeds of Hall County, Nebraska. The fulfillment of the following conditions, as specified in the Trust Deed, authorize this conveyance: 1. Breach and default were made under the terms of the Trust Deed in the particular set forth in the notice of default hereinafter referred to, which default continued until the time of sale. 2. There was filed for record on June 18, 2008, as Instrument No. 200805241, a Notice of Default in the Office of the Register of Deeds of Hall County, Nebraska, and of election to sell the property to satisfy the obligations secured thereby and thereafter notice of the filing of the Notice of Default was sent in t~he statutory manner to all persons entitled to a notice thereof. 3. That thereafter Notice of Trustee's sale was properly made stating that Trustee would sell at public auction to the highest bidder the property hereinbefore described~ ~ixing the time and place of the sale as September 3, 2008 at 10:00 o'clock A.M. in the Lower Lobby of the Hall County Courthouse, Grand Island, Nebraska and caused copies of said notice to be published once a week for five consecutive weeks in the Grand Island Independent, a legal newspaper printed, published and of general circulation in the -2-