Fee Letter Agreement
October 16, 2003
American Business Financial Services, Inc.
The Xxxxxxxxx Building
000 Xxxx Xxxxxx Xxxx, 0xx Xxxxx
Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000
Re: Second Amended and Restated Sale and Servicing Agreement, dated
October 16, 2003 (the "Servicing Agreement"), among ABFS Greenmont, Inc. (the
"Depositor"), Homeamerican Credit, Inc. ("Upland") and American Business
Mortgage Services Inc. ("ABMS") , ABFS Mortgage Loan Warehouse Trust 2000-2 (the
"Trust"), American Business Credit, Inc. ("ABFS"), American Business Financial
Services, Inc. ("ABFS"), XX Xxxxxx Chase Bank (the "Indenture Trustee") and XX
Xxxxxx Xxxxx Bank (the "Collateral Agent").
Ladies and Gentlemen:
This fee letter agreement is to confirm our agreement with respect to
the payment of the Structure Fee to be paid to the Collateral Agent upon the
Disposition of some or all of the Mortgage Loans owned by the Trust in
accordance with the above referenced Servicing Agreement.
You will pay, or cause to be paid, to the Collateral Agent, a one time
fee (the "Structure Fee") of $800,000.00 on the Disposition Date, which fee may
be netted from proceeds of any Disposition.
All items capitalized but not defined herein shall have the meanings
ascribed thereto in Appendix I to the Servicing Agreement.
IN WITNESS THEREOF, JPMorgan Chase Bank has caused this fee letter agreement to
be executed by its duly authorized officer as of the date first above written.
JPMORGAN CHASE BANK, not in its individual
capacity but solely as Collateral Agent
By: /s/ Xxxxxx X. Xxxxxxxxxx
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Name: Xxxxxx X. Xxxxxxxxxx
Title: Trust Officer
ABFS MORTGAGE LOAN WAREHOUSE TRUST 2000-2
By: Wachovia Trust Company, National Association (f/k/a
First Union Trust Company, National Association),
not in its individual capacity but solely as Owner
Trustee
By: /s/ Xxxx X. Xxxxxxxxx
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Name: Xxxx X. Xxxxxxxxx
Title: Trust Officer
ABFS GREENMONT, INC., as Depositor
By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
Title: Senior Vice President
AMERICAN BUSINESS FINANCIAL SERVICES, INC., as the
Sponsor
By: /s/ Xxxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxx
Title: Chairman; Chief Executive Officer, and President
HOMEAMERICAN CREDIT, INC. D/B/A UPLAND MORTGAGE, as an
Originator and a Subservicer
By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
AMERICAN BUSINESS CREDIT, INC., as an Originator and the
Servicer
By: /s/ Xxxxxxx Xxxxxxxx
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Name: Xxxxxxx Xxxxxxxx
Title: President
AMERICAN BUSINESS MORTGAGE SERVICES, INC., as an
Originator and a Subservicer
By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
