EXHIBIT 99.2
AMENDMENT NO. 1
TO
POOLING AND SERVICING AGREEMENT
DATED AS OF JUNE 1, 0000
XXXXXXX
XXXXX XXXX FINANCIAL CORPORATION, AS SELLER AND SERVICER
AND
U.S. BANK TRUST NATIONAL ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY
BUT SOLELY AS TRUSTEE OF
HOME EQUITY LOAN TRUST 1999-C
This Amendment No. 1 to the Pooling and Servicing Agreement, dated as
of June 1, 1999 (the "Pooling and Servicing Agreement") between Green Tree
Financial Corporation (the "Company") as seller and servicer, and U.S. Bank
Trust National Association, not in its individual capacity but solely as
trustee, is entered into between the Company and U.S. Bank Trust National
Association as of the 29th day of July, 1999. Any capitalized terms not
otherwise defined herein shall have the meaning attached to them in the Pooling
and Servicing Agreement.
WHEREAS, U.S. Bank Trust National Association is acting as
Trustee under the Pooling and Servicing Agreement.
WHEREAS, Section 12.08(a) of the Pooling and Servicing
Agreement provides that such Pooling and Servicing Agreement may be amended,
without the consent of any of the Certificateholders to correct manifest error.
WHEREAS, it has come to the Company's attention that the
Pooling and Servicing Agreement contains a manifest error in Section 3.03(c)
with respect to the representations and warranties relating to the geographic
concentrations.
NOW THEREFORE, the Pooling and Servicing Agreement is hereby
amended as follows:
1. Section 3.03(c) is hereby amended to state in its entirety as
follows:
"c. Geographic Concentrations.
Fixed Rate Loans. By Cut-off Date Principal, 10.12% of the Initial
Fixed Rate Loans are secured by property located in California, 5.84% in Ohio
and 5.65% in Michigan. No other state
represents more than 5% of the aggregate Cut-off Date Principal Balances of the
Initial Fixed Rate Loans.
No more than 1% of Fixed Rate Loans by Cut-off Date Principal Balance
are secured by property located in an area with the same five-digit zip code.
Group I Adjustable Rate Loans. By Cut-off Date Principal Balance, 9.54%
of the Initial Group I Adjustable Rate Loans are secured by property located in
California, 8.85% in Ohio, 6.42 in Illinois, 5.91% in Washington, 5.78% in North
Carolina and 5.14% in Texas. No other state represents more than 5% of the
aggregate Cut-off Date Principal Balances of the Initial Group I Adjustable Rate
Loans.
No more than 1% of the Group I Adjustable Rate Loans by Cut-off Date
Principal Balance are secured by property located in an area with the same
five-digit zip code.
Group II Adjustable Rate Loans. By Cut-off Date Principal Balance,
16.53% of the Initial Group II Adjustable Rate Loans are secured by property
located in California, 6.71% in Maryland, 6.66% in Washington, 5.89% in Texas
and 5.02% in Illinois. No other state represents more than 5% of the aggregate
Cut-off Date Principal Balances of the Initial Group II Adjustable Rate Loans.
No more than 1% of the Group II Adjustable Rate Loans by Cut-off Date
Principal Balance are secured by property located in an area with the same
five-digit zip code, except that 1.279% of the Group II Adjustable Rate Loans by
Cut-off Date Principal Balance are secured by property located in one such area
in Maryland."
2. This Amendment may be executed in two or more counterparts, each of
which shall be an original, but all of which together shall constitute one and
the same instrument.
GREEN TREE FINANCIAL CORPORATION
By /s/ Xxxxxxx X. Xxxxxxxx
--------------------------------------
Xxxxxxx X. Xxxxxxxx
Assistant Treasurer
U.S. BANK TRUST NATIONAL
ASSOCIATION, not in its individual capacity
but solely as Trustee
By /s/ Xxxxxx X. Xxxxxx
--------------------------------------
Xxxxxx X. Xxxxxx
Vice President
