Exhibit 10.35
STIPULATION
To be attached to and form part of the Agreement of General Indemnity between
Allstate Settlement Corporation and ALLSTATE INSURANCE COMPANY dated
February ______,1991.
WHEREAS, it is the desire of both parties to amend said Agreement as hereinafter
provided.
NOW, THEREFORE, It Is UNDERSTOOD AND AGREED that the Agreement of General
Indemnity hereinbefore described is hereby amended as follows:
CHANGE IN CONTRACT-LOANS-POSSESSION 4. is deleted in its entirety and replaced
by the following:
CHANGE IN CONTRACT 4. On bonds given in connection with Qualified
Assignments, the Surety at its sole discretion is hereby authorized, but
not required (a) to consent to any change in the Assignments; (b) in the
event of any default in the performance of any Assignments, or the breach
of this Agreement or of any bond connected therewith to take any action
which the Surety may deem appropriate.
ASSIGNMENT 5 is deleted in its entirety and replaced by the following:
ASSIGNMENT 5: The Indemnitors hereby assign, transfer, pledge, and convey
to the Surety (effective as of the date of each such bond, but only in the
event of default or beach as referred to in the preceding Section 4), as
collateral security, to secure the obligations hereunder and any other
indebtedness and liabilities of the Indemnitors to the Surety, all of their
rights under the qualified funding asset, referred to in each such bonds,
including their right, title, and interest in and to any and all sums due
or which may thereafter become due under such qualified funding asset.
IT IS FURTHER UNDERSTOOD AND AGREED that nothing herein contained shall vary,
alter or modify any of the terms and conditions of said Agreement except as
herein expressly modified.
SIGNED, SEALED AND DATED this ____________ day of February, 1991.
ALLSTATE SETTLEMENT CORPORATION
By: /s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx Xxxxxxxx
Title:
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ALLSTATE INSURANCE COMPANY
By: /s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
Attorney-in-Fact
