EXHIBIT 10.22
FIRST AMENDMENT TO LOAN SERVICING AGREEMENT
This First Amendment to Loan Servicing Agreement ("Amendment") dated and
effective October 1, 1996 is entered into by and among CS First Boston Mortgage
Capital Corp. ("Owner"), T.A.R. Preferred Mortgage Corporation ("Prior Owner")
and Advanta Mortgage Corp. USA ("Servicer").
WHEREAS, Owner, Prior Owner and Servicer (collectively, the "Parties")
executed that certain Loan Servicing Agreement dated August 23, 1996 (the
"Servicing Agreement").
WHEREAS, the Servicing Agreement provides that Servicer shall not waive
late payment charges or prepayment penalties/charges without the prior consent
of Owner.
WHEREAS, the Parties desire that Servicer have the authority to waive late
payment charges and prepayment penalties/charges, if any, without obtaining
Owner's consent.
THEREFORE, in consideration of the foregoing, the Parties hereby agree as
follows:
Section 4(b)(i) of the Servicing Agreement is deleted in its entirety and
replaced with the following:
(i) waive assumption fees, late payment charges, prepayment
penalties/charges, charges for checks returned insufficient funds or
other fees which may be collected in the ordinary course of servicing
the Mortgage Loans;
Except as amended by this Amendment, the Servicing Agreement shall remain
in full force and effect.
Advanta Mortgage Corp. USA CS First Boston Mortgage Capital Corp.
By: /s/ Xxxxxxx X. Xxxxxxx By: /s/ Xxxxx Xxxxx
---------------------- ---------------
Name: Xxxxxxx X. Xxxxxxx Name: Xxxxx Xxxxx
Title: Senior Vice President Title: Vice President
T.A.R. Preferred Mortgage Corporation
By: _____________________________
Name: ___________________________
Title: __________________________
