05/20/99
Xxxxx X. Xxxxxx
President
First Mortgage Network, Inc.
0000 Xxxxxxx Xxxx.
Fifth Floor
Plantation, Fl 33324
Dear Xxxxx:
We have received your request to exercise your option to renew the term of our
agreements; 0.Xxxxxxxx Loan Processing Agreement, First Mortgage Network, Inc.
and Atlanta Internet Bank, FSB, April 1, 1998. 2. License, Staffing: Purchase
and Sale Agreement between First Mortgage Network, Inc. and Atlanta Internet
Bank, Inc. dated April 1, 1998-and 3. Atlanta Internet Bank Mortgage Center
Mortgage Loan Origination, Processing, Purchase and Sale Agreement.
We are happy to extend these contracts provided that we can synchronize all
three agreements with regard to term. If this is acceptable to you, please
provide the following change in the Mortgage Loan Origination, Processing,
Purchase, and Sale Agreement:
Under section 4 add the following language:
"This Agreement may be terminated with or without cause by LENDER upon sixty
(60) days written notice to the PROCESSOR."
Thank you for extending our valuable relationships.
Sincerely,
/s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
Chief Lending Officer
Acknowledged and Accepted:
/s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx, President
Xxxxxxxx.Xxx, Inc., CDG
