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This opinion is rendered only with respect to the laws of the State of California <br />and the United States of America and is addressed only to its addressees. In addition to the <br />addressees hereof, each Credit Enhancer and the underwriters of the Notes may rely upon this <br />legal opinion as if it were addressed to them. No other person is entitled to rely on this opinion, <br />nor may the addressees rely on it in connection with any transactions other than those described <br />herein. <br /> <br />Very truly yours, <br /> <br />By: <br /> <br />Seller's Counsel <br /> <br />laxaUc B1-3 <br />DOCSSFI:817948.1 <br /> <br /> <br />