Exhibit 10.1

 

AMENDMENT NUMBER ONE

to the

Master Loan and Security Agreement

Dated as of December 30, 2003

between

HOMEONE FUNDING I

and

GREENWICH CAPITAL FINANCIAL PRODUCTS, INC.

 

This AMENDMENT NUMBER ONE is made this 23rd day of December, 2004, between
HOMEONE FUNDING I, having an address at 2150 West 18th Street, Houston, Texas
77008 (the “Borrower”) and GREENWICH CAPITAL FINANCIAL PRODUCTS, INC., having an
address at 600 Steamboat Road, Greenwich, Connecticut 06830 (the “Lender”), to
the Master Loan and Security Agreement, dated as of December 30, 2003, by and
between the Borrower and the Lender (the “Agreement”).  Capitalized terms used
but not otherwise defined herein shall have the meanings assigned to such terms
in the Agreement.

 

RECITALS

 

WHEREAS, the Borrower has requested that the Lender agree to amend the Agreement
to extend the Termination Date thereunder to January 31, 2005;

 

WHEREAS, as of the date of this Amendment, the Borrower represents to the Lender
that it is in compliance with all of the representations and warranties and all
of the affirmative and negative covenants set forth in the Agreement and is not
in default under the Agreement; and

 

WHEREAS, the Borrower and the Lender have agreed to amend the Agreement as set
forth herein.

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, and for the mutual covenants herein contained,
the parties hereto hereby agree as follows:

 

SECTION 1.  Effective as of December 23, 2004, Section 1 of the Agreement is
hereby amended by deleting the definition of Termination Date and replacing it
with the following:

 

“Termination Date” shall mean January 31, 2005, or such earlier date on which
this Loan Agreement shall terminate in accordance with the provisions hereof or
by operation of law.

 

SECTION 2.  Defined Terms.  Any terms capitalized but not otherwise defined
herein shall have the respective meanings set forth in the Agreement.

 

SECTION 3.  Limited Effect.  Except as amended hereby, the Agreement shall
continue in full force and effect in accordance with its terms.  Reference to
this Amendment need not be made in the Agreement or any other instrument or
document executed in connection therewith, or in any certificate, letter or
communication issued or

 

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made pursuant to, or with respect to, the Agreement, any reference in any of
such items to the Agreement being sufficient to refer to the Agreement as
amended hereby.

 

SECTION 4.  Representations.  The Borrower hereby represents to the Lender that
as of the date hereof, the Borrower is in full compliance with all of the terms
and conditions of the Agreement and no Default or Event of Default has occurred
and is continuing under the Agreement.

 

SECTION 5.  Governing Law. This Amendment Number One shall be construed in
accordance with the laws of the State of New York and the obligations, rights,
and remedies of the parties hereunder shall be determined in accordance with
such laws without regard to conflict of laws doctrine applied in such state
(other than Sections 5-1401 and 5-1402 of the New York General Obligations Law).

 

SECTION 6.  Counterparts.  This Amendment Number One may be executed by each of
the parties hereto on any number of separate counterparts, each of which shall
be an original and all of which taken together shall constitute one and the same
instrument.

 

 

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IN WITNESS WHEREOF, the Borrower and the Lender have caused this Amendment
Number One to be executed and delivered by their duly authorized officers as of
the day and year first above written.

 

 

HOMEONE FUNDING I

 

(Borrower)

 

 

 

 

By:

/s/ Gary V. Busch

 

 

Name:

Gary V. Busch

 

Title:

Senior Vice President

 

 

 

 

 

 

 

GREENWICH CAPITAL FINANCIAL
PRODUCTS. INC.

 

(Lender)

 

 

 

 

By:

/s/ Jon Stapleton

 

 

Name:

Jon Stapleton

 

Title:

Vice President

 

 

 

 

 

 

Acknowledged and Accepted:

 

 

 

 

 

HOMEONE CREDIT CORP.

 

 

(Guarantor)

 

 

 

 

 

By:

/s/ Joseph N. Corona, Jr.

 

 

 

Name:

Joseph N. Corona, Jr.

 

 

Title:

Executive Vice President

 

 

 

 

 

 

FLEETWOOD ENTERPRISES, INC.

 

 

(Guarantor)

 

 

 

 

 

 

By:

/s/ Forrest Theobald

 

 

 

Name:

Forrest Theobald

 

 

Title:

Secretary

 

 

 

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