RECONSTITUTED SERVICING AGREEMENT



                         LUMINENT MORTGAGE TRUST 2006-6



     This Reconstituted Servicing Agreement, dated as of September 28, 2006

(this "AGREEMENT"), is by and among COUNTRYWIDE HOME LOANS, INC.

("COUNTRYWIDE"), COUNTRYWIDE HOME LOANS SERVICING LP, as servicer ("Countrywide

Servicing" or the "Servicer"), LARES ASSET SECURITIZATION, INC., (the

"DEPOSITOR"), MAIA MORTGAGE FINANCE STATUTORY TRUST (the "SELLER") and WELLS

FARGO BANK, N.A., as master servicer and securities administrator (in each such

capacity, the "MASTER SERVICER" and the "SECURITIES ADMINISTRATOR",

respectively), and is acknowledged by HSBC BANK USA, NATIONAL ASSOCIATION, as

trustee (the TRUSTEE").



                                    RECITALS



     WHEREAS, the Seller has conveyed the mortgage loans listed on Exhibit Four

attached hereto (the "SERVICED LOANS") to the Depositor, and the Depositor has

conveyed the Serviced Loans to the Trustee pursuant to a certain Pooling

agreement dated as of September 1, 2006 (the "POOLING AGREEMENT"), by and among

the Seller, the Depositor, the Master Servicer, the Securities Administrator and

the Trustee;



     WHEREAS, Maia acquired the Serviced Loans pursuant to a certain assignment,

assumption and recognition agreement, dated as of August 15, 2006 (the "AAR"),

by and between Maia, as assignee, Citigroup Global Markets Realty Corp.

("CITIGROUP"), assignor, and Countrywide, pursuant to which Citigroup

transferred and assigned any and all of its right, title and interest and

obligation in the Serviced Loans under that certain amended and restated master

mortgage loan purchase and servicing agreement, dated as of December 15, 2003

(the "MMLPSA"), as amended by Amendment Reg AB, dated as of February 28, 2006

("AMENDMENT REG AB"), by and between Citigroup and Countrywide (the MMLPSA, as

modified by the AAR and Amendment Reg AB, the "SERVICING AGREEMENT") (a copy of

the Servicing Agreement, which includes the MMLPSA, the AAR and Amendment Reg

AB, is attached hereto on Exhibit Eight);



     WHEREAS, the Serviced Loans are currently being serviced by Countrywide

Servicing for the Seller pursuant to the Servicing Agreement and the Depositor

desires that Countrywide Servicing continue to service the Serviced Loans as

servicer and Countrywide Servicing has agreed to do so, subject to the rights of

the Master Servicer to terminate the rights and obligations of Countrywide

Servicing as set forth herein and subject to the other conditions set forth

herein;



     WHEREAS, the Seller and Countrywide Servicing agree that (a) the transfer

     of the Serviced Loans from Seller to the Depositor and from the Depositor

     to the Trustee, to be accomplished pursuant to the Pooling Agreement, is

     made pursuant to Section 8.07 of the Servicing Agreement and, (b) in

     connection with such transfer, the Servicing Agreement, as modified by this

     Agreement, which shall





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     govern the Serviced Loans for so long as such Serviced Loans remain subject

     to the provisions of the Pooling Agreement; and



     WHEREAS, the Master Servicer and any successor master servicer shall be

obligated, among other things, to supervise the servicing of the Serviced Loans

on behalf of the Trustee and Luminent Mortgage Trust 2006-6 (the "TRUST FUND").



     NOW, THEREFORE, in consideration of the mutual promises contained herein

the parties hereto hereby agree as follows:



                                    ARTICLE I



                                   DEFINITIONS



     Capitalized terms used and not defined in this Agreement (including Exhibit

One attached hereto) or in the Servicing Agreement shall have the meanings

ascribed to them in the Pooling Agreement.



                                   ARTICLE II



                                    SERVICING



     Countrywide Servicing agrees, with respect to the servicing of the Serviced

Loans, to perform and observe the duties, responsibilities and obligations that

are to be performed in accordance with the terms and provisions of the Servicing

Agreement (as modified by this Agreement), except as otherwise provided herein

and on Exhibit One hereto, and that the provisions of the Servicing Agreement,

as so modified, are and shall be a part of this Agreement to the same extent as

if set forth herein in full.



                                   ARTICLE III



                               TRUST CUT-OFF DATE



     The parties hereto acknowledge that by operation of Section 2.09 of the

Servicing Agreement (as modified by this Agreement) the remittance on October

18, 2006 to be made to the Trust Fund is to include all principal collections

due after September 1, 2006 (the "TRUST CUT-OFF DATE"), plus interest on each

Serviced Loan at the related Mortgage Interest Rate net of the Servicing Fee

Rate and the LPMI Fee (each as defined herein), if applicable (minus that

portion of any such payment that is allocable to the Due Period immediately

preceding the related Cut-off Date) collected during the Due Period immediately

preceding October 18, 2006, but exclusive of any portion thereof allocable to a

period prior to the Trust Cut-off Date, and taking into account the adjustments

specified in Section 5.01 of the Servicing Agreement.





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                                   ARTICLE IV



                                  SERVICING FEE



     Notwithstanding any provision of the Servicing Agreement to the contrary,

the Servicing Fee rate for the Serviced Loans shall be equal to 0.375% per annum

(the "SERVICING FEE RATE"). The Servicing Fee shall be payable monthly from the

interest portion of the related Monthly Payment collected by the Servicer.



                                    ARTICLE V



              RECOGNITION OF THE MASTER SERVICER AND THE TRUST FUND



     From and after the date hereof, Countrywide Servicing, and any successor

servicer hereunder, shall be subject to the supervision of the Master Servicer,

which Master Servicer shall be obligated to enforce Countrywide Servicing's

obligation to service the Serviced Loans in accordance with the provisions of

this Agreement. Countrywide Servicing shall recognize the Trust Fund as the

owner of the Serviced Loans, and Countrywide Servicing will service the Serviced

Loans for the Trust Fund as if the Trust Fund and Countrywide Servicing had

entered into a separate servicing agreement for the servicing of the Serviced

Loans in the form of the Servicing Agreement.



     Pursuant to the Pooling Agreement, the Trustee shall have the right (but

not, except to the extent expressly set forth in the Pooling Agreement, the

obligations) on behalf of the Purchaser to enforce the obligations of

Countrywide Servicing, including, without limitation, the enforcement of (i) the

document delivery requirements set forth in Section 2.05 of the Servicing

Agreement and (ii) remedies with respect to representations and warranties made

by Countrywide Servicing in the AAR, and shall be entitled to enforce all of the

obligations of Countrywide Servicing thereunder insofar as they relate to the

Serviced Loans.



     Countrywide Servicing shall look solely to the Trust Fund for performance

of any obligations of the Purchaser under the Servicing Agreement and the Trust

Fund hereby assumes such obligations. All references to the Purchaser under the

Servicing Agreement insofar as they relate to the Serviced Loans, shall be

deemed to refer to the Trust Fund. Neither Countrywide Servicing nor the Seller

shall amend or agree to amend, modify, waive, or otherwise alter any of the

terms or provisions of the Servicing Agreement which amendment, modification,

waiver or other alteration would in any way (i) materially affect the Serviced

Loans or Countrywide Servicing's performance under the Servicing Agreement with

respect to the Serviced Loans without the prior written consent of the Trustee

and the Master Servicer or (ii) materially and adversely affect the interests of

the Certificateholders in the Serviced Loans.



     The Master Servicer shall be entitled to terminate the rights and

obligations of Countrywide Servicing under this Agreement, as provided in

Section 7.01 (Termination Due to an Event of Default) of the Servicing

Agreement. Notwithstanding anything





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herein to the contrary, in no event shall the Master Servicer be required to

assume any of the obligations of the Purchaser under the Servicing Agreement. In

connection with the performance by the Master Servicer of any of its duties

hereunder, and in the exercise by the Master Servicer of any of its rights

hereunder, the parties and other signatories hereto hereby agree, except

Countrywide and Countrywide Servicing, that the Master Servicer shall be

entitled to all of the rights, protections and limitations of liability,

immunities and indemnities afforded to the Master Servicer under the Pooling

Agreement.



     Without limitation of the foregoing, any provision of the Servicing

Agreement requiring the Seller or the Trust Fund, as Purchaser under the

Servicing Agreement, to reimburse Countrywide Servicing for any costs or

expenses shall be satisfied by Countrywide Servicing's reimbursement of such

costs or expenses from the Custodial Account. Notwithstanding the foregoing, it

is understood that Countrywide Servicing shall not be obligated to defend and

indemnify and hold harmless the Master Servicer, the Trust Fund, the Seller, the

Trustee or the Depositor against any losses, damages, penalties, fines,

forfeitures, judgments and any related costs including, without limitation,

reasonable and necessary legal fees, resulting from (i) actions or inactions of

Countrywide Servicing which were taken or omitted upon the instruction or

direction of the Master Servicer or the Trust Fund's designee's or (ii) the

failure of the Master Servicer or the Trust Fund's designee's to perform the

obligations of the "purchaser" under the Servicing Agreement. Notwithstanding

anything herein to the contrary, the provisions in Sections 3.03(d) and 6.01 of

the Servicing Agreement, with respect to the indemnification of the Seller by

Countrywide, shall survive the termination of this Agreement.



     A copy of all assessments, attestations, reports and certifications

required to be delivered by Countrywide under this Agreement and the Servicing

Agreement shall be delivered to the Master Servicer by the date(s) specified

herein or therein, and where such documents are required to be addressed to any

party, such addressees shall include the Master Servicer and the Master Servicer

shall be entitled to rely on such documents.



                                   ARTICLE VI



                                   WARRANTIES



     The Seller and Countrywide Servicing mutually warrant and represent that,

with respect to the Serviced Loans, the Servicing Agreement is in full force and

effect as of the date hereof and has not been amended or modified in any way

with respect to the Serviced Loans, except as set forth herein, and no notice of

termination has been given thereunder.



                                   ARTICLE VII



                                 REPRESENTATIONS



     Pursuant to Section 8.07(b) of the Servicing Agreement, Countrywide

Servicing hereby represents and warrants, for the benefit of the Depositor, the

Trustee and the Trust





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Fund, that (i) the representations and warranties set forth in Sections 4(a),

4(b), 4(c), 4(d) and 4(e) of the AAR are true and correct as of September 28,

2006 (the "RECONSTITUTION DATE"), as if such representations and warranties were

made on such date Countrywide Servicing shall make the representations and

warranties listed on Exhibit Two hereto as of the Reconstitution Date.



     Countrywide Servicing hereby acknowledges and agrees that the remedies

available to the Trust Fund (including the Trustee acting on the Trust Fund's

behalf) in connection with any breach of the representations and warranties made

by Countrywide Servicing set forth above that materially and adversely affects

the value of any Serviced Loan or the interests of the Purchaser in such

Serviced Loan shall be as set forth in Section 5 of the AAR as if they were set

forth herein (including without limitation the repurchase and indemnity

obligations set forth therein). Such enforcement of any right or remedy

hereunder by the Trustee shall have the same force and effect as if the right or

remedy had been enforced or exercised by the Trust Fund, as Purchaser, under the

Servicing Agreement.



                                  ARTICLE VIII



                                   ASSIGNMENT



     Countrywide Servicing hereby acknowledges that the rights of the Seller as

Purchaser under the Servicing Agreement, as amended by this Agreement, will be

assigned to the Depositor under the Pooling Agreement, and agree that the

Pooling Agreement will be a valid assignment and assumption agreement or other

assignment document and will constitute a valid assignment and assumption of the

rights and obligations of the Seller as Purchaser under the Servicing Agreement

to the Depositor and the Trustee, on behalf of the Trust Fund, as applicable. In

addition, the Trust Fund has made, or intends to make, a REMIC election with

respect to the Serviced Loans. Countrywide Servicing hereby consents to such

assignment and assumption and acknowledges the Trust Fund's REMIC election.



                                   ARTICLE IX



                             NOTICES AND REMITTANCES



     All notices, consents, certificates, reports and certifications

(collectively, "WRITTEN INFORMATION") required to be delivered to the Purchaser

under the Servicing Agreement and under this Agreement shall be delivered to the

Master Servicer at the following address:



     Wells Fargo Bank, N.A.

     P.O. Box 98

     Columbia, Maryland 21046

     Attention: Corporate Trust Group, Luminent 2006-6



     Or, in the case of overnight deliveries:





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     9062 Old Annapolis Road

     Columbia, Maryland 21045)

     Telephone: (410) 884-2000

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