Prepared by Monique Price & Company -- www.edgar2.net TENTH AMENDMENT TO MASTER WHOLE-LOAN PURCHASE AGREEMENT This DOCUMENT is entered into as of May 1, 1999, between FIRST PREFERENCE MORTGAGE CORP., a Texas Corporation ("Seller"), and BANK ONE,...
Prepared by Xxxxxxx Xxxxx & Company -- xxx.xxxxx0.xxxTENTH AMENDMENT TO MASTER WHOLE-LOAN PURCHASE AGREEMENT
This DOCUMENT is entered into as of May 1, 1999, between FIRST PREFERENCE MORTGAGE CORP., a Texas Corporation ("Seller"), and BANK ONE, TEXAS, N.A., a national banking association ("Buyer").
Seller and Buyer are party to the Master Whole-Loan Purchase Agreement (as it may have been renewed, extended, and amended through the date of this document, the ("Purchase Agreement") dated as of March 27, 1996. Seller and Buyer have agreed, upon the following terms an conditions, to amend certain time periods in the Purchase Commitment. Accordingly, for adequate and sufficient consideration, Seller and Buyer agree as follows:
2. AMENDMENTS TO PURCHASE AGREEMENT.
(a) The following definitions in Section 1.1 of the Purchase Agreement are entirely amending as follows:
Shipping Period means 45 calendar days for the Mortgage Documents for any Mortgage Loan shipped to or from an investor under section 4.6.
Wet Period means eight Business Days for the Mortgage Documents for any Wet Loan.
(b) The word "fifth" in Section 4.3(b) is entirely amended and replaced with the word "eighth."
7. MISCELLANEOUS. All references in the Purchase Documents to the "Master Whole-Loan Purchase Agreement" refer to the Purchase Agreement as amended by this document. This document is a " Purchase Document" referred to in the Purchase Agreement; therefore, the provisions relating to Purchase Documents in Sections 1 and 11 are incorporated in this document by reference. Except as specifically amended and modified in this document, the Purchase Agreement is unchanged and continues in full force and effect. This document may be executed in any number of counterparts with the same effect as if all signatories had signed the same document. All counterparts must be construed together to constitute one and the same instrument. This document binds and inures to each of the undersigned and their respective successors and permitted assigns, subject to Section 11.12. THIS DOCUMENT AND THE OTHER PURCHASE DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BY THE PARTIES, THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
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SIGNATURE PAGE FOLLOWS.]
EXECUTED as of the date first stated above.
FIRST PREFERENCE MORTGAGE CORP., |
BANK ONE, TEXAS, N.A., |
As Seller |
As Buyer |
By___________________________ |
By_______________________________ | Name ________________________ |
Name ____________________________ |
Title __________________________ |
Title _____________________________
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