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ABN AMRO MORTGAGE CORPORATION
Depositor
and
BANK ONE TRUST COMPANY, N.A.
(as successor in interest to
THE FIRST NATIONAL BANK OF CHICAGO)
Trustee
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FIRST AMENDMENT TO
POOLING AGREEMENT
Dated October 19, 1999
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$47,753,042
Resecuritization Pass-Through Certificates
SERIES 1999-RS1
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FIRST AMENDMENT TO
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POOLING AGREEMENT
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THIS FIRST AMENDMENT TO POOLING AGREEMENT is dated as of October
19, 1999 (herein referred to as this "First Amendment") and is made by and
between ABN AMRO MORTGAGE CORPORATION, as depositor (the "Depositor") and
BANK ONE TRUST COMPANY, N.A. (as successor in interest to THE FIRST NATIONAL
BANK OF CHICAGO), as trustee (the "Trustee").
RECITALS
WHEREAS, the Depositor and the Trustee entered into a Pooling
Agreement dated as of July 1, 1999 (the "Agreement"), pursuant to which (i)
the Depositor sold, conveyed and assigned certain Pooled Securities to the
Trustee in trust for the benefit of Certificateholders of ABN AMRO Mortgage
Corporation Resecuritization Pass-Through Certificates, Series 1999-RS1, and
(ii) the Certificates were issued;
WHEREAS, this Amendment is being delivered pursuant to Section
8.1(a) of the Agreement in order to make a provision with respect to
matters or questions arising under the Agreement.
NOW, THEREFORE, in consideration of the preceding premises and
assumptions and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the Depositor and the Trustee
agree as follows:
Section 1. Definitions. All capitalized terms used in this First
Amendment which are not specifically defined herein shall have
the meanings assigned to them in the Agreement.
Section 2. Amendment to Agreement. The definition of "Authorized
Denomination" in Article I of the Agreement shall be amended and
restated in its entirety as follows:
Authorized Denomination: With respect to the
Certificates (other than the Class B-1, Class B-2 and
Class B-3 Certificates and the Class R Certificate), an
initial Certificate Principal Balance equal to $25,000
each and integral multiples of $1 in excess thereof. The
Class B-1 Certificates are offered in minimum
denominations equivalent to at least $1,000 initial
Certificate Principal Balance each and multiples of $1 in
excess thereof. The Class B-2 and Class B-3 Certificates
are offered in minimum denominations equivalent to at
least $1,000 initial Certificate Principal Balance each
and multiples of $1,000 in excess thereof. With respect
to the Class R Certificate, one Certificate with a
Percentage Interest equal to 100%.
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Section 3. Agreement to Remain in Full Force and Effect. Except
as modified and amended hereby, all other terms and
conditions of the Agreement shall remain in full force
and effect and are hereby ratified and confirmed by the
parties hereto.
Section 4. Counterparts. This First Amendment may be executed simultaneously
in any number of counterparts, each of which counterparts shall
be deemed an original, and such counterparts shall constitute one
and the same instrument.
Section 5. Governing Law. The First Amendment shall be
constructed in accordance with the internal laws of the
State of New York applicable to agreements made and to be
performed in said State, and the obligations, rights and
remedies of the parties hereunder shall be determined in
accordance with such laws.
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IN WITNESS WHEREOF, the Depositor, the Servicer and the Trustee
have caused their names to be signed hereto by their respective officers
thereunto duly authorized, all as of the day and year first above written.
ABN AMRO MORTGAGE CORPORATION,
as Depositor
By /s/ Xxxxx Xxxxxxx
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Its First Vice President
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
By /s/ Xxxx X. Xxxxx
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Its Assistant Vice President
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