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EXHIBIT 10.1

 
FORM OF MORTGAGE LOAN PURCHASE AGREEMENT

This Mortgage Loan Purchase Agreement (the "Agreement") dated as of June 1, 2008 is between CitiMortgage, Inc. ("CMI" or the "Seller") and Citicorp Mortgage Securities, Inc., a Delaware corporation ("CMSI").  The Seller agrees to sell, and CMSI agrees to purchase, the mortgage loans originated or acquired by CMI as described and set forth in the Mortgage Loan Schedule attached as exhibit B (the "mortgage loans") to the Pooling and Servicing Agreement dated as of June 1, 2008 (the "Pooling Agreement"), between CMSI, CMI, U.S. Bank National Association, a national banking association, in its individual capacity and as Trustee (the "Trustee"), and Citibank, N.A., in its individual capacity and as Paying Agent, Certificate Registrar and Authentication Agent, relating to the issuance of Citicorp Mortgage Securities Trust, Series 2008-2 REMIC Pass-Through Certificates class A, class B and residual certificates.  Terms used without definition herein shall have the respective meanings assigned to them in the Pooling Agreement or, if not defined therein, in the Underwriting Agreement dated May 28, 2008 among CMSI, Citigroup Inc. and Citigroup Global Markets Inc. (the "Underwriter") (the "Underwriting Agreement").

1.       Purchase Price .  The purchase price (the "Purchase Price") for the mortgage loans shall consist of (a) cash in the amount of [____________]% of the aggregate scheduled principal balance thereof as of the cut-off date, plus accrued interest thereon at the rate of 6.50% per annum on the mortgage loans in pool I and 5.75% per annum on the mortgage loans in pool II, from and including the cut-off date to but excluding the closing date, (b) the class IA-PO, IA-IO, IIA-PO, IIA-IO, B-1, B-2, B-3, B-4, B-5 and B-6 certificates, (c) the class LR certificates, and (d) the class PR certificates. Such cash shall be payable by CMSI to the Seller on the closing date in same-day funds, and the Seller will receive on the closing date: (a) the class IA-PO, IA-IO, IIA-PO, IIA-IO, B-1, B-2, B-3, B-4, B-5 and B-6 certificates and (b) the class LR and class PR certificates evidencing the residual interests in the lower-tier REMIC and the pooling REMIC, respectively.  I

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