Common use of Payment of Taxes, Duties, Etc Clause in Contracts

Payment of Taxes, Duties, Etc. of the Trust 24 Section 4.07. Payments Under Indenture 24 Section 4.08. CUSIP Numbers 24 Section 4.09. Exchanges 24 ARTICLE 5 TRUST SECURITIES CERTIFICATES Section 5.01. Ownership 25 Section 5.02. The Trust Securities Certificates 25 Section 5.03. Execution and Delivery of Trust Securities Certificates 25 Section 5.04. Registration of Transfer and Exchange of Preferred Securities Certificates 26 Section 5.05. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates 27 Section 5.06. Persons Deemed Securityholders 27 Section 5.07. Access to List of Securityholders’ Names and Addresses 27 Section 5.08. Maintenance of Office or Agency 28 Section 5.09. Appointment of Paying Agent 28 Section 5.10. Ownership of Common Securities by Depositor 29 Section 5.11. Book-Entry Preferred Securities Certificates; Common Securities Certificate 29 Section 5.12. Notices to Clearing Agency 30 Section 5.13. Definitive Preferred Securities Certificates 30 Section 5.14. Rights of Securityholders 31 Section 5.15. Rights and Immunities of the Xxxxxxxxx 00 Section 5.16. Rights and Immunities of the Paying Agent 34 Section 5.17. No Obligation for Clearing Agency 34 ARTICLE 6 ACTS OF SECURITYHOLDERS; MEETINGS; VOTING Section 6.01. Limitations on Voting Rights 34 Section 6.02. Notice of Meetings 36 Section 6.03. Meetings of Preferred Securityholders 36 Section 6.04. Voting Rights 36 Section 6.05. Proxies, etc 36 Section 6.06. Securityholder Action by Written Consent 37 Section 6.07. Record Date for Voting and Other Purposes 37 Section 6.08. Acts of Securityholders 37 Section 6.09. Inspection of Records 38

Payment of Taxes, Duties, Etc. of the Trust 24 Section 4.07Issuer Trust. 17 SECTION 4.7. Payments Under under Indenture 24 Section 4.08or Pursuant to Direct Actions. CUSIP Numbers 24 Section 4.0917 SECTION 4.8. Exchanges 24 Liability of the Holder of Common Securities. 18 SECTION 4.9. Exchanges. 18 ARTICLE 5 V TRUST SECURITIES CERTIFICATES Section 5.0118 SECTION 5.1. Ownership 25 Section 5.02Initial Ownership. 18 SECTION 5.2. The Trust Securities Certificates 25 Section 5.03Certificates. 18 SECTION 5.3. Execution and Delivery of Trust Securities Certificates 25 Section 5.04Certificates. 19 SECTION 5.4. Book-Entry Capital Securities. 19 SECTION 5.5. Registration of Transfer and Exchange of Preferred Capital Securities Certificates 26 Section 5.05Certificates. 21 SECTION 5.6. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates 27 Section 5.06Certificates. 23 SECTION 5.7. Persons Deemed Securityholders 27 Section 5.07Holders. 23 SECTION 5.8. Access to List of SecurityholdersHolders’ Names and Addresses 27 Section 5.08Addresses. 23 SECTION 5.9. Maintenance of Office or Agency 28 Section 5.09Agency. 23 SECTION 5.10. Appointment of Paying Agent 28 Section 5.10Agent. 24 SECTION 5.11. Ownership of Common Securities by Depositor 29 Section 5.11Depositor. Book-Entry Preferred Securities Certificates; Common Securities Certificate 29 Section 24 SECTION 5.12. Notices to Clearing Agency 30 Section Agency. 24 SECTION 5.13. Definitive Preferred Securities Certificates 30 Section 5.14. Rights of Securityholders 31 Section 5.15Holders. Rights and Immunities of the Xxxxxxxxx 00 Section 5.16. Rights and Immunities of the Paying Agent 34 Section 5.17. No Obligation for Clearing Agency 34 24 ARTICLE 6 VI ACTS OF SECURITYHOLDERSHOLDERS; MEETINGS; VOTING Section 6.0126 SECTION 6.1. Limitations on Voting Rights 34 Section 6.02Rights. 26 SECTION 6.2. Notice of Meetings 36 Section 6.03Meetings. 27 SECTION 6.3. Meetings of Preferred Securityholders 36 Section 6.04Holders of Capital Securities. 27 SECTION 6.4. Voting Rights 36 Section 6.05Rights. 28 SECTION 6.5. Proxies, etc 36 Section 6.06Etc. Securityholder 28 SECTION 6.6. Holder Action by Written Consent 37 Section 6.07Consent. 28 SECTION 6.7. Record Date for Voting and Other Purposes 37 Section 6.08Purposes. 28 SECTION 6.8. Acts of Securityholders 37 Section 6.09Holders. 28 SECTION 6.9. Inspection of Records 38Records. 29 ARTICLE VII REPRESENTATIONS AND WARRANTIES 29 SECTION 7.1. Representations and Warranties of the Property Trustee and the Delaware Trustee. 29 SECTION 7.2. Representations and Warranties of Depositor. 30 ARTICLE VIII THE ISSUER TRUSTEES 31 SECTION 8.1. Certain Duties and Responsibilities. 31 SECTION 8.2. Certain Notices. 32

Payment of Taxes, Duties, Etc. of the Trust 24 Section 4.0717 SECTION 4.8. Payments Under under Indenture 24 Section 4.08. CUSIP Numbers 24 Section 4.09or Pursuant to Direct Actions 17 SECTION 4.9. Exchanges 24 17 SECTION 4.10. Calculation Agent 18 SECTION 4.11. Certain Accounting Matters 18 ARTICLE 5 TRUST V. SECURITIES CERTIFICATES Section 5.0119 SECTION 5.1. Initial Ownership 25 Section 5.0219 SECTION 5.2. Authorized Trust Securities 19 SECTION 5.3. Issuance of the Common Securities; Subscription and Purchase of Notes 19 SECTION 5.4. The Trust Securities Certificates 25 Section 5.0319 SECTION 5.5. Execution and Delivery Rights of Trust Holders 20 SECTION 5.6. Book-Entry Preferred Securities Certificates 25 Section 5.0420 SECTION 5.7. Registration of Transfer and Exchange of Preferred Securities Certificates 26 Section 5.0521 SECTION 5.8. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates 27 Section 5.0622 SECTION 5.9. Persons Deemed Securityholders 27 Section 5.07Holders 23 SECTION 5.10. Access to List of Securityholders’ Names and Addresses 27 Section 5.08. Maintenance of Office or Agency 28 Section 5.09. Appointment of Paying Agent 28 Section 5.10Cancellation 23 SECTION 5.11. Ownership of Common Securities by Depositor 29 Section 5.11. Book-Entry Preferred Securities Certificates; Common Securities Certificate 29 Section 23 SECTION 5.12. Notices to Clearing Agency 30 Section Restricted Legends 24 SECTION 5.13. Definitive Preferred Securities Certificates 30 Section 5.14Form of Certificate of Authentication 26 ARTICLE VI. Rights of Securityholders 31 Section 5.15. Rights and Immunities of the Xxxxxxxxx 00 Section 5.16. Rights and Immunities of the Paying Agent 34 Section 5.17. No Obligation for Clearing Agency 34 ARTICLE 6 MEETINGS; VOTING; ACTS OF SECURITYHOLDERS; MEETINGS; VOTING Section 6.01. Limitations on Voting Rights 34 Section 6.02HOLDERS 26 SECTION 6.1. Notice of Meetings 36 Section 6.0326 SECTION 6.2. Meetings of Holders of the Preferred Securityholders 36 Section 6.04Securities 26 SECTION 6.3. Voting Rights 36 Section 6.0526 SECTION 6.4. Proxies, etc 36 Section 6.06Etc 27 SECTION 6.5. Securityholder Holder Action by Written Consent 37 Section 6.07. Record Date for Voting and Other Purposes 37 Section 6.08. Acts of Securityholders 37 Section 6.09. Inspection of Records 3827

Payment of Taxes, Duties, Etc. of the Trust 24 22 Section 4.074.8. Payments Under under Indenture 24 or Pursuant to Direct Actions 22 Section 4.08. CUSIP Numbers 24 Section 4.094.9. Exchanges 23 Section 4.10. Calculation Agent 23 Section 4.11. Certain Accounting Matters 24 ARTICLE 5 TRUST SECURITIES CERTIFICATES V. Securities 25 Section 5.015.1. Initial Ownership 25 Section 5.025.2. Authorized Trust Securities 25 Section 5.3. Issuance of the Common Securities; Subscription and Purchase of Notes 25 Section 5.4. The Trust Securities Certificates 25 26 Section 5.035.5. Execution and Delivery Rights of Trust Holders 27 Section 5.6. Book-Entry Preferred Securities Certificates 25 27 Section 5.045.7. Registration of Transfer and Exchange of Preferred Securities Certificates 26 29 CONTENTS Clause Page Section 5.055.8. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates 27 30 Section 5.065.9. Persons Deemed Securityholders 27 Section 5.07. Access to List of Securityholders’ Names and Addresses 27 Section 5.08. Maintenance of Office or Agency 28 Section 5.09. Appointment of Paying Agent 28 Holders 31 Section 5.10. Cancellation 31 Section 5.11. Ownership of Common Securities by Depositor 29 Section 5.11. Book-Entry Preferred Securities Certificates; Common Securities Certificate 29 31 Section 5.12. Notices to Clearing Agency 30 Restricted Legends 32 Section 5.13. Definitive Form of Certificate of Authentication 33 ARTICLE VI. Meetings; Voting; Acts of Holders 34 Section 6.1. Notice of Meetings 34 Section 6.2. Meetings of Holders of the Preferred Securities Certificates 30 Section 5.14. Rights of Securityholders 31 Section 5.15. Rights and Immunities of the Xxxxxxxxx 00 Section 5.16. Rights and Immunities of the Paying Agent 34 Section 5.176.3. No Obligation for Clearing Agency 34 ARTICLE 6 ACTS OF SECURITYHOLDERS; MEETINGS; VOTING Section 6.01. Limitations on Voting Rights 34 Section 6.02. Notice of Meetings 36 Section 6.03. Meetings of Preferred Securityholders 36 Section 6.04. Voting Rights 36 Section 6.056.4. Proxies, etc 36 Etc 34 Section 6.066.5. Securityholder Holder Action by Written Consent 37 Section 6.07. Record Date for Voting and Other Purposes 37 Section 6.08. Acts of Securityholders 37 Section 6.09. Inspection of Records 3835

Payment of Taxes, Duties, Etc. of the Trust 24 Section 4.0722 SECTION 4.8. Payments Under under Indenture 24 Section 4.08. CUSIP Numbers 24 Section 4.09or Pursuant to Direct Actions 22 SECTION 4.9. Exchanges 23 SECTION 4.10. Calculation Agent 23 SECTION 4.11. Certain Accounting Matters 24 ARTICLE 5 TRUST V. SECURITIES CERTIFICATES Section 5.0125 SECTION 5.1. Initial Ownership 25 Section 5.02SECTION 5.2. Authorized Trust Securities 25 SECTION 5.3. Issuance of the Common Securities; Subscription and Purchase of Notes 25 SECTION 5.4. The Trust Securities Certificates 25 Section 5.0326 TABLE OF CONTENTS (continued) Page SECTION 5.5. Execution and Delivery Rights of Trust Holders 26 SECTION 5.6. Book-Entry Preferred Securities Certificates 25 Section 5.0427 SECTION 5.7. Registration of Transfer and Exchange of Preferred Securities Certificates 26 Section 5.0528 SECTION 5.8. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates 27 Section 5.0630 SECTION 5.9. Persons Deemed Securityholders 27 Section 5.07Holders 31 SECTION 5.10. Access to List of Securityholders’ Names and Addresses 27 Section 5.08. Maintenance of Office or Agency 28 Section 5.09. Appointment of Paying Agent 28 Section 5.10Cancellation 31 SECTION 5.11. Ownership of Common Securities by Depositor 29 Section 5.11. Book-Entry Preferred Securities Certificates; Common Securities Certificate 29 Section 31 SECTION 5.12. Notices to Clearing Agency 30 Section Restricted Legends 32 SECTION 5.13. Definitive Preferred Securities Certificates 30 Section 5.14. Rights Form of Securityholders 31 Section 5.15. Rights and Immunities Certificate of the Xxxxxxxxx 00 Section 5.16. Rights and Immunities of the Paying Agent 34 Section 5.17. No Obligation for Clearing Agency Authentication 34 ARTICLE 6 VI. MEETINGS; VOTING; ACTS OF SECURITYHOLDERS; MEETINGS; VOTING Section 6.01. Limitations on Voting Rights HOLDERS 34 Section 6.02SECTION 6.1. Notice of Meetings 36 Section 6.0334 SECTION 6.2. Meetings of Holders of the Preferred Securityholders 36 Section 6.04Securities 34 SECTION 6.3. Voting Rights 36 Section 6.0535 SECTION 6.4. Proxies, etc 36 Section 6.06Etc. Securityholder 35 SECTION 6.5. Holder Action by Written Consent 37 Section 6.0735 SECTION 6.6. Record Date for Voting and Other Purposes 37 Section 6.0835 SECTION 6.7. Acts of Securityholders 37 Section 6.09Holders 36 SECTION 6.8. Inspection of Records 3837 SECTION 6.9. Limitations on Voting Rights 37 SECTION 6.10. Acceleration of Maturity; Rescission of Annulment; Waivers of Past Defaults 38 ARTICLE VII. REPRESENTATIONS AND WARRANTIES 40 SECTION 7.1. Representations and Warranties of the Property Trustee and the Delaware Trustee 40 SECTION 7.2. Representations and Warranties of Depositor 41 ARTICLE VIII. THE TRUSTEES 42 SECTION 8.1. Number of Trustees 42 SECTION 8.2. Property Trustee Required 43 SECTION 8.3. Delaware Trustee Required 43 SECTION 8.4. Appointment of Administrative Trustees 43 SECTION 8.5. Duties and Responsibilities of the Trustees 44 TABLE OF CONTENTS (continued) Page SECTION 8.6. Notices of Defaults 45 SECTION 8.7. Certain Rights of Property Trustee 46 SECTION 8.8. Delegation of Power 48 SECTION 8.9. May Hold Securities 48 SECTION 8.10. Compensation; Reimbursement; Indemnity 48 SECTION 8.11. Resignation and Removal; Appointment of Successor 49 SECTION 8.12. Acceptance of Appointment by Successor 51 SECTION 8.13. Merger, Conversion, Consolidation or Succession to Business 51 SECTION 8.14. Not Responsible for Recitals, Issuance of Securities, or Representations 51 SECTION 8.15. Property Trustee May File Proofs of Claim 52 SECTION 8.16. Reports to the Property Trustee 53 ARTICLE IX. TERMINATION, LIQUIDATION AND MERGER 53 SECTION 9.1. Dissolution Upon Expiration Date 53 SECTION 9.2. Early Termination 53 SECTION 9.3. Termination 54 SECTION 9.4. Liquidation 54 SECTION 9.5. Mergers, Consolidations, Amalgamations or Replacements of Trust 55 ARTICLE X. MISCELLANEOUS PROVISIONS 57 SECTION 10.1. Limitation of Rights of Holders 57 SECTION 10.2. Agreed Tax Treatment of Trust and Trust Securities 57 SECTION 10.3. Amendment 57 SECTION 10.4. Separability 59 SECTION 10.5. Governing Law 59 SECTION 10.6. Successors 59 SECTION 10.7. Headings 60 SECTION 10.8. Reports, Notices and Demands 60 SECTION 10.9. Agreement Not to Petition 61 SECTION 10.10. Counterparts 61 TABLE OF CONTENTS (continued) Page Exhibit A Certificate of Trust of HMB Capital Trust I Exhibit B Form of Common Securities Certificate Exhibit C Form of Preferred Securities Certificate Exhibit D Reserved Exhibit E Form of Transferor Certificate Exhibit F Form of Officer’s Financial Certificate of the Depositor Schedule A Determination of LIBOR THIS SECOND AMENDED AND RESTATED TRUST AGREEMENT, dated as of August 29, 2005 (as amended and restated, the “Trust Agreement”, among (i) HomeBanc Corp., a Georgia corporation (including any successors or permitted assigns, the “Depositor”), (ii) Xxxxx Fargo Bank, National Association, as property trustee (in such capacity, the “Property Trustee”), (iii) Xxxxx Fargo Delaware Trust Company, as Delaware trustee (in such capacity, the “Delaware Trustee”), (iv) Xxxxx Xxxxxx and Xxxx Xxxxxx, each of whose address is c/o 0000 Xxxxxx Xxxx., Xxxxx 000, Xxxxxxx, XX 00000 as administrative trustees (in such capacities, each an “Administrative Trustee” and, collectively, the “Administrative Trustees” and, together with the Property Trustee and the Delaware Trustee, the “Trustees”) and (v) the several Holders, as hereinafter defined.

Payment of Taxes, Duties, Etc. of the Trust 24 Section 4.07Issuer Trust. 20 SECTION 4.7. Payments Under under Indenture 24 Section 4.08or Pursuant to Direct Actions. CUSIP Numbers 24 Section 4.0920 SECTION 4.8. Exchanges 24 Liability of the Holder of Common Securities. 21 SECTION 4.9. Exchanges. 21 ARTICLE 5 V TRUST SECURITIES CERTIFICATES Section 5.0121 SECTION 5.1. Ownership 25 Section 5.02Initial Ownership. 21 SECTION 5.2. The Trust Securities Certificates 25 Section 5.03Certificates. 21 SECTION 5.3. Execution and Delivery of Trust Securities Certificates 25 Section 5.04Certificates. 22 SECTION 5.4. Book-Entry Capital Securities. 22 SECTION 5.5. Registration of Transfer and Exchange of Preferred Capital Securities Certificates 26 Section 5.05Certificates. 24 SECTION 5.6. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates 27 Section 5.06Certificates. 26 SECTION 5.7. Persons Deemed Securityholders 27 Section 5.07Holders. 26 SECTION 5.8. Access to List of SecurityholdersHolders’ Names and Addresses 27 Section 5.08Addresses. 26 SECTION 5.9. Maintenance of Office or Agency 28 Section 5.09Agency. 26 SECTION 5.10. Appointment of Paying Agent 28 Section 5.10Agent. 27 SECTION 5.11. Ownership of Common Securities by Depositor 29 Section 5.11Depositor. Book-Entry Preferred Securities Certificates; Common Securities Certificate 29 Section 27 SECTION 5.12. Notices to Clearing Agency 30 Section Agency. 27 SECTION 5.13. Definitive Preferred Securities Certificates 30 Section 5.14. Rights of Securityholders 31 Section 5.15Holders. Rights and Immunities of the Xxxxxxxxx 00 Section 5.16. Rights and Immunities of the Paying Agent 34 Section 5.17. No Obligation for Clearing Agency 34 27 ARTICLE 6 VI ACTS OF SECURITYHOLDERSHOLDERS; MEETINGS; VOTING Section 6.0129 SECTION 6.1. Limitations on Voting Rights 34 Section 6.02Rights. Notice of Meetings 36 Section 6.03. Meetings of Preferred Securityholders 36 Section 6.04. Voting Rights 36 Section 6.05. Proxies, etc 36 Section 6.06. Securityholder Action by Written Consent 37 Section 6.07. Record Date for Voting and Other Purposes 37 Section 6.08. Acts of Securityholders 37 Section 6.09. Inspection of Records 3829

Payment of Taxes, Duties, Etc. of the Trust 24 18 Section 4.074.7. Payments Under under Indenture 24 Section 4.08. CUSIP Numbers 24 Section 4.09. Exchanges 24 or Pursuant to Direct Actions 18 ARTICLE 5 V. TRUST SECURITIES CERTIFICATES 18 Section 5.015.1. Initial Ownership 25 18 Section 5.025.2. The Trust Securities Certificates 25 18 Section 5.035.3. Execution and Delivery of Trust Securities Certificates 25 18 Section 5.045.4. Registration of Transfer and Exchange of Preferred Securities Certificates 26 18 Section 5.055.5. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates 27 19 Section 5.065.6. Persons Deemed Securityholders 27 20 Section 5.075.7. Access to List of Securityholders’ Names and Addresses 27 20 Section 5.085.8. Maintenance of Office or Agency 28 20 Section 5.095.9. Appointment of Paying Agent 28 20 Section 5.10. Ownership of Common Securities by Depositor 29 21 Section 5.11. Book-Book Entry Preferred Securities Certificates; Common Securities Certificate 29 21 Section 5.12. Notices to Clearing Agency 30 22 Section 5.13. Definitive Preferred Securities Certificates 30 22 Section 5.14. Rights of Securityholders 31 Section 5.15. Rights and Immunities of the Xxxxxxxxx 00 Section 5.16. Rights and Immunities of the Paying Agent 34 Section 5.17. No Obligation for Clearing Agency 34 ARTICLE 6 ACTS 23 TABLE OF SECURITYHOLDERS; MEETINGS; VOTING Section 6.01. Limitations on Voting Rights 34 Section 6.02. Notice of Meetings 36 Section 6.03. Meetings of Preferred Securityholders 36 Section 6.04. Voting Rights 36 Section 6.05. Proxies, etc 36 Section 6.06. Securityholder Action by Written Consent 37 Section 6.07. Record Date for Voting and Other Purposes 37 Section 6.08. Acts of Securityholders 37 Section 6.09. Inspection of Records 38CONTENTS (continued) Page

Payment of Taxes, Duties, Etc. of the Trust 24 17 Section 4.074.7. Payments Under under Indenture 24 Section 4.08. CUSIP Numbers 24 Section 4.09. Exchanges 24 or Pursuant to Direct Actions 17 ARTICLE 5 V. TRUST SECURITIES CERTIFICATES 17 Section 5.015.1. Initial Ownership 25 17 Section 5.025.2. The Trust Securities Certificates 25 17 Section 5.035.3. Execution and Delivery of Trust Securities Certificates 25 18 Section 5.045.4. Registration of Transfer and Exchange of Preferred Securities Certificates 26 18 Section 5.055.5. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates 27 19 Section 5.065.6. Persons Deemed Securityholders 27 19 Section 5.075.7. Access to List of Securityholders’ Names and Addresses 27 19 Section 5.085.8. Maintenance of Office or Agency 28 20 Section 5.095.9. Appointment of Paying Agent 28 20 Section 5.10. Ownership of Common Securities by Depositor 29 20 Section 5.11. Book-Book Entry Preferred Securities Certificates; Common Securities Certificate 29 21 Section 5.12. Notices to Clearing Agency 30 21 Section 5.13. Definitive Preferred Securities Certificates 30 21 Section 5.14. Rights of Securityholders 31 Section 5.15. Rights and Immunities of the Xxxxxxxxx 00 Section 5.16. Rights and Immunities of the Paying Agent 34 Section 5.17. No Obligation for Clearing Agency 34 ARTICLE 6 ACTS 22 TABLE OF SECURITYHOLDERS; MEETINGS; VOTING Section 6.01. Limitations on Voting Rights 34 Section 6.02. Notice of Meetings 36 Section 6.03. Meetings of Preferred Securityholders 36 Section 6.04. Voting Rights 36 Section 6.05. Proxies, etc 36 Section 6.06. Securityholder Action by Written Consent 37 Section 6.07. Record Date for Voting and Other Purposes 37 Section 6.08. Acts of Securityholders 37 Section 6.09. Inspection of Records 38CONTENTS (continued) Page