Pooling and Servicing Agreement (2006)Full Document 

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                                 CWALT, INC.,

                                   Depositor

                         COUNTRYWIDE HOME LOANS, INC.,

                                    Seller

                               PARK GRANADA LLC,

                                    Seller

                               PARK MONACO INC.,

                                    Seller

                               PARK SIENNA LLC,

                                    Seller

                     COUNTRYWIDE HOME LOANS SERVICING LP,

                                Master Servicer

                                      and

                             THE BANK OF NEW YORK,

                                    Trustee

                      -----------------------------------


                        POOLING AND SERVICING AGREEMENT

                         Dated as of September 1, 2006

                      -----------------------------------


                       ALTERNATIVE LOAN TRUST 2006-30T1

             MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-30T1


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                                                  Table of Contents



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                                               ARTICLE I DEFINITIONS
                                                                                                        
SECTION 1.01.        Defined Terms  ............................................................................I-1
SECTION 1.02.        Certain Interpretive Provisions...........................................................I-33

                       ARTICLE II CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND WARRANTIES

SECTION 2.01.        Conveyance of Mortgage Loans..............................................................II-1
SECTION 2.02.        Acceptance by Trustee of the Mortgage Loans...............................................II-7
SECTION 2.03.        Representations, Warranties and Covenants of the Sellers and Master Servicer.............II-10
SECTION 2.04.        Representations and Warranties of the Depositor as to the Mortgage Loans.................II-13
SECTION 2.05.        Delivery of Opinion of Counsel in Connection with Substitutions..........................II-13
SECTION 2.06.        Execution and Delivery of Certificates...................................................II-13
SECTION 2.07.        REMIC Matters............................................................................II-14
SECTION 2.08.        Covenants of the Master Servicer.........................................................II-14

                             ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS

SECTION 3.01.        Master Servicer to Service Mortgage Loans................................................III-1
SECTION 3.02.        Subservicing; Enforcement of the Obligations of Subservicers.............................III-2
SECTION 3.03.        Rights of the Depositor and the Trustee in Respect of the Master
                     Servicer.................................................................................III-2
SECTION 3.04.        Trustee to Act as Master Servicer........................................................III-2
SECTION 3.05.        Collection of Mortgage Loan Payments; Certificate Account; Distribution
                     Account; Pre-funding Account; Capitalized Interest Account; Supplemental
                     Interest Trust; Corridor Contract Reserve Fund...........................................III-3
SECTION 3.06.        Collection of Taxes, Assessments and Similar Items; Escrow Accounts......................III-7
SECTION 3.07.        Access to Certain Documentation and Information Regarding the Mortgage Loans.............III-7
SECTION 3.08.        Permitted Withdrawals from the Certificate Account, the Distribution Account
                     and the Corridor Contract Reserve Fund...................................................III-7
SECTION 3.09.        Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies...............III-9
SECTION 3.10.        Enforcement of Due-on-Sale Clauses; Assumption Agreements...............................III-10
SECTION 3.11.        Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage
                     Loans...................................................................................III-11
SECTION 3.12.        Trustee to Cooperate; Release of Mortgage Files.........................................III-14
SECTION 3.13.        Documents, Records and Funds in Possession of Master Servicer to be Held for
                     the Trustee.............................................................................III-15
SECTION 3.14.        Servicing Compensation..................................................................III-15
SECTION 3.15.        Access to Certain Documentation.........................................................III-16

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