EXHIBIT 10.50.1
[LETTERHEAD OF FIRST COLLATERAL SERVICES APPEARS HERE]
December 16, 1997
Via FAX and Airborne
Xxxxxx Mortgage Corporation and Subsidiary
0000 Xxxxx Xxxxxxxx
Xxxxxx Xxxxx, Xxxxxxxxxx 00000
Attention: Xxxxxx Xxxxx, President
Re: Master Mortgage Loan Purchasing Agreement dated August 26, 1993 and
Commitment Letter dated July 11, 1994
Dear Xxx:
This Amended Commitment Letter amends the Commitment Letter referred to
above, supplements the above-referenced Master Mortgage Loan Purchasing
Agreement (the "Agreement") and will confirm certain terms and conditions
of the purchasing arrangements between Xxxxxx Mortgage Corporation and
Subsidiary and First Collateral Services ("Purchaser") set forth herein.
Capitalized terms are used herein with the same meaning as in the
Agreement.
Customer Number:
----------------
5975
Maturity Date:
--------------
March 31, 1998
Effective Date:
---------------
This document shall take full force and effect on January
1, 1998.
All other terms and conditions of the Master Mortgage Loan Purchasing
Agreement dated August 26, 1993 and Commitment Letters dated July 11,
1994 shall remain the same.
Xxxxxx Mortgage Corporation and Subsidiary
December 16, 1997
Page 2
If the above meets with your approval, please so indicate by executing and
returning this Commitment Letter to Purchaser by December 23, 1997. If this
Commitment Letter has not been returned by that date, the Commitment shall
expire. The enclosed copy of this letter is for Xxxxxx'x files.
Very truly yours,
ASSOCIATES COMMERCIAL CORP. dba
FIRST COLLATERAL SERVICES
a Delaware Corporation
By: /s/ Xxxxx X. Xxxxxx
----------------------
Xxxxx X. Xxxxxx,
Vice President
By: /s/ Xxxxxxx Xxxxxx
----------------------
Xxxxxxx Xxxxxx,
Senior Vice President
AGREED TO AND ACCEPTED this
17th day of December, 1997
Xxxxxx Mortgage Corporation
a California corporation
By: /s/ Xxxxxx Xxxxx
------------------------
Xxxxxx Xxxxx,
President
