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Exhibit 4.3
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CONVEYANCE AGREEMENT
Advanta Mortgage Receivables, Inc., Advanta Mortgage Corp.
Midwest, Advanta Mortgage Corp. USA, Advanta National Bank and Advanta Bank
Corp., (each, an "Originator"), and Advanta Conduit Receivables, Inc., as
sponsor, pursuant to the Mortgage Loan Transfer Agreement, dated as of August 1,
2000 (the "Transfer Agreement"), among themselves and Bankers Trust Company of
California, N.A., as trustee (the "Trustee"), hereby confirm their understanding
with respect to the conveyance by each Originator of those Mortgage Loans listed
on the attached Schedule of Mortgage Loans (the "Mortgage Loans") to the
Sponsor.
Conveyance of Mortgage Loans. Each Originator and the Sponsor,
concurrently with the execution and delivery of this Conveyance Agreement, does
hereby irrevocably transfer, assign, set over and otherwise convey to the
Sponsor and the Sponsor conveys to the Trustee, and does direct the Trustee to
convey to the Sponsor and/or the Advanta Mortgage Loan Trust 2000-2, without
recourse (except as otherwise explicitly provided for herein) all of its right,
title and interest in and to the Mortgage Loans being conveyed by it, including
specifically, without limitation, the Mortgages (as such term is defined in the
Pooling and Servicing Agreement, dated as of August 1, 2000 (the "Pooling and
Servicing Agreement") among the Sponsor, the Master Servicer and the Trustee),
the Notes, the Mortgage Files and all other documents, materials and properties
appurtenant thereto, including all interest accrued and principal received by
such Originator on or with respect to such Mortgage Loans on or after the
Cut-off Date, together with all of its right, title and interest in and to the
proceeds received on or after the Cut-off Date of any related Mortgage Insurance
Policies.
If an Originator cannot deliver the original Mortgage or
mortgage assignment with evidence of recording thereon within 75 days of the
execution and delivery of this Conveyance Agreement solely because of a delay
caused by the public recording office where such original Mortgage or mortgage
assignment has been delivered for recordation, such Originator shall promptly
deliver to the Trustee such original Mortgage or mortgage assignment with
evidence of recording indicated thereon upon receipt thereof from the public
recording official.
The costs relating to the delivery of the documents specified
in this Conveyance Agreement shall be borne by each Originator.
The Originators hereby make the Representations and Warranties
set forth in Section 5(b) of the Transfer Agreement with respect to the Mortgage
Loans.
The "Cut-off Date" with respect to such Mortgage Loans shall
be August 1, 2000.
All terms and conditions of the Transfer Agreement are hereby
incorporated herein, provided that in the event of any conflict the provisions
of this Conveyance Agreement shall control over the conflicting provisions of
the Transfer Agreement.
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Terms capitalized herein and not defined herein shall have
their respective meanings as set forth in the Transfer Agreement.
[Remainder of Page Intentionally left Blank]
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IN WITNESS WHEREOF, the parties hereto have caused this
Conveyance Agreement to be duly executed by their respective officers, all as of
the 22nd day of August, 2000.
ADVANTA MORTGAGE RECEIVABLES, INC.
ADVANTA MORTGAGE CORP. MIDWEST
ADVANTA MORTGAGE CORP. USA,
ADVANTA NATIONAL BANK,
as Originators
By: /S/ Xxxxxxx Xxxx
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Name: Xxxxxxx Xxxx
Title: Vice President
ADVANTA CONDUIT
RECEIVABLES, INC., as Sponsor
By: /S/ Xxxxxxx Xxxx
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Name: Xxxxxxx Xxxx
Title: Vice President
ADVANTA BANK CORP.,
as an Originator
By: /S/ Xxxx Xxxxx
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Name: Xxxx Xxxxx
Title: President
BANKERS TRUST COMPANY
OF CALIFORNIA, N.A., as Trustee
By: /S/ Xxxxx Xxxxxxx
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Name: Xxxxx Xxxxxxx
Title: Assistant Secretary
[Conveyance Agreement]
