SUPPLEMENTAL SERVICING AMENDMENT

            SUPPLEMENTAL SERVICING AMENDMENT dated as of November 9, 1999 by and
among ContiMortgage Corporation, a Delaware corporation (the "Servicer"),
ContiWest Corporation, a Nevada corporation, ContiSecurities Asset Funding
Corp., a Delaware corporation (the "Depositor"), Greenwich Capital Financial
Products, Inc., a Delaware corporation (the "Supplemental Servicer") and
Manufacturers and Traders Trust Company, a New York banking corporation (the
"Trustee"), in its capacity as Trustee under each of the Pooling and Servicing
Agreements listed on the attached Schedule A-1 and Schedule A-2 (the "Pooling
Agreements") with respect to the trusts (the "Trusts") formed pursuant to the
Pooling Agreements.

            WHEREAS, the Servicer and the Trustee have previously entered into
the Pooling Agreements, among the Servicer, the Trustee, the Depositor and the
other parties named therein pursuant to which the Servicer is to act as servicer
to service and administer the home equity loans (the "Home Equity Loans") owned
by the Trusts in accordance with the Pooling Agreements;

            WHEREAS, Servicer and Continental Grain Company, among others, are
party to a Subservicing Agreement dated as of November 1, 1998 (the "Grain
Subservicing Agreement") and desire to terminate that Agreement;

            WHEREAS, the Depositor, Servicer and each Trustee desire the
appointment of the Supplemental Servicer to perform the obligations under
Section 2.02(a) of this Amendment;

            WHEREAS, the Certificate Insurers for each Trust, as applicable,
have consented to this Amendment and the Rating Agencies rating securities
issued by each Trust have confirmed that this Amendment to each Pooling
Agreement will not cause such Rating Agency to reduce its current rating
assigned to any Class of rated Certificates;

            NOW, THEREFORE, in consideration of the premises and mutual
covenants hereinafter set forth, the parties hereto, intending to be legally
bound, hereby agree as follows:

                                   Article I

                             AMENDMENT; DEFINITIONS

         Section 1.01. Amendment. This Supplemental Servicing Amendment
("Amendment") constitutes an amendment and supplement to each Pooling Agreement.

         Section 1.02. Definitions. The following terms have the following
meanings when used in this Amendment.

         "Advance Conditions" has the meaning set forth in Section 2.02(d)
hereof.


<PAGE>

            "Amendment" means this Supplemental Servicing Amendment, and all
amendments hereof and supplements hereto.

            "Business Day" means any day that is not a Saturday, Sunday or other
day on which commercial banking institutions in The City of New York, or in the
city in which the principal corporate trust office of the Trustee is located,
are authorized or obligated by law or executive order to be closed, and when
used with reference to the determination of LIBOR, shall also exclude any day on
which banks are not open for dealings in dollar deposits in the London interbank
market.

            "Calculated Delinquency Advance" has the meaning set forth in
Section 2.02(a) hereof.

            "Clearance Account" has the meaning set forth in Section 2.03(a)
hereof.

            "Clearing Bank" means Chase Manhattan Bank, N.A. or any other
Designated Depository Institution mutually acceptable to the Supplemental
Servicer, the Servicer and the Certificate Insurer for each Trust.

            "Compensating Interest" with respect to any Trust Group, has the
meaning set forth in the related Pooling Agreement.

            "Daily Collections" has the meaning, with respect to a particular
Trust Group, set forth in the Pooling Agreement relating to such Trust Group.

            "Depositor" has the meaning set forth in the introductory paragraph
hereof.

            "Disbursing Agent" shall mean each of the Servicer and Supplemental
Servicer acting as agents for each Trust.

            "Disbursement Notice" has the meaning set forth in Section 2.03(d)
herein.

            "Funds Available for Servicing Payments" means, with respect to any
Trust, the amounts described in the related Pooling Agreement as the Servicing
Fee and other servicing compensation payable to the Servicer under such Pooling
Agreement, including but not limited to, late payment charges, prepayment
charges, release fees, assumption fees and bad check charges during any
Remittance Period.

            "Grain Subservicing Agreement" has the meaning set forth in the
second WHEREAS clause in the Recitals hereof.

            "Gross Collections" means, with respect to each Trust Group, all
amounts paid with respect to the Home Equity Loans, including but not limited
to, the total amount of principal, interest, Prepayments, Net Liquidation
Proceeds, Insurance Proceeds, late payment charges, prepayment charges, release
fees, assumption fees and bad check charges, received by the Servicer or by any
other entity on behalf of the Trust,


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<PAGE>

in all circumstances prior to the payment, netting or deduction of any amount
and prior to the deposit of such funds into the Principal and Interest Account.

            "Home Equity Loans" has the meaning set forth in the first WHEREAS
clause in the Recitals hereof.

            "LIBOR" means, with respect to any period commencing on a Monthly
Remittance Date and ending on the day before the next Monthly Remittance Date,
the rate of interest (calculated on a per annum basis) equal to the one month
London Interbank Offered Rate as reported on the display designated as "Page
3750" on the Telerate Service (or such other display as may replace Page 3750 on
the Telerate Service) on the related LIBOR Determination Date.

            "LIBOR Determination Date" means, with respect to any period
commencing on a Monthly Remittance Date and ending on the day before the next
Monthly Remittance Date, such earlier Monthly Remittance Date.

            "Mandatory Trust Groups" means the Trusts identified on Schedule A-1
and the Trust Groups identified on Schedule A-2 as "Mandatory."

            "Maximum Aggregate Supplemental Delinquency Advance" means
$125,000,000.

            "Maximum Available Supplemental Delinquency Advance" means the
Maximum Aggregate Supplemental Delinquency Advance less the amount of any
outstanding unreimbursed Supplemental Delinquency Advances.

            "Net Collections" means Gross Collections minus the Funds Available
for Servicing Payments.

            "Optional Trust Groups" means the Trust Groups identified on
Schedule A-2 as "Optional."

            "Person" means any legal person, including any individual,
corporation, limited liability company, partnership, joint venture, association,
joint stock company, trust, unincorporated organization or government or any
agency or political subdivision thereof.

            "Pooling Agreements" has the meaning set forth in the introductory
paragraph hereof.

            "Principal and Interest Account" has the meaning, with respect to a
particular Trust, set forth in the Pooling Agreement relating to such Trust.

            "Right" has the meaning set forth in Section 6.04 hereof.

            "Servicer" has the meaning set forth in the introductory paragraph
hereof.


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<PAGE>

            "Servicer Delinquency Advance" has the meaning set forth in Section
2.02(a) hereof.

            "Supplemental Delinquency Advance" has the meaning set forth in
Section 2.02(a) hereof.

            "Supplemental Delinquency Advance Notice" has the meaning set forth
in Section 2.02(b) hereof.

            "Supplemental Servicer" has the meaning set forth in the
introductory paragraph hereof.

            "Supplemental Servicing Fee" has the meaning set forth in Section
2.04(a) hereof.

            "Supplemental Servicing Fee Shortfall" means any difference between
the amount of the Supplemental Servicing Fee due to the Supplemental Servicer
pursuant to Section 2.04(a) hereof on any particular day and the amount of the
Supplemental Servicing Fee actually paid to the Supplemental Servicer on such
day.

            "Trust Groups" means with respect to the Trusts set forth on
Schedule A-1, such Trusts, and with respect to the Trusts set forth on Schedule
A-2, the Loan Groups for each such Trust identified on such Schedule.

            "Trustee" has the meaning set forth in the introductory paragraph
hereof

            "Trusts" has the meaning set forth in the introductory paragraph
hereof.

            "Turbo Event" has the meaning set forth in Section 4.01(c) hereof.

            "Verification Agent" has the meaning set forth in Section 6.01
hereof.

            Section 1.03. Other Terms. Capitalized terms used but not defined
herein shall have the meanings ascribed to such terms in the related Pooling
Agreements.

                                   Article II

                   THE SERVICER AND THE SUPPLEMENTAL SERVICER

            Section 2.01. Appointment of the Supplemental Servicer; Direction to
Trustee. Pursuant to the Pooling Agreements, each Trustee, on behalf of each
Trust, hereby appoints the Supplemental Servicer to perform the services set
forth in Section 2.02 hereof, which appointment the Supplemental Servicer hereby
accepts. The Supplemental Servicer agrees to perform the obligations set forth
in Section 2.02 hereof in accordance with the terms set forth herein and in the
Pooling Agreements. The Supplemental Servicer undertakes no obligations of the
Servicer under the Pooling Agreements other than those expressly set forth in
Section 2.02 hereof. Nothing in this


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<PAGE>

Amendment shall relieve the Servicer of its obligations under the Pooling
Agreements or in any way limit such obligations.

            The Depositor hereby directs each Trustee to execute and deliver
this Amendment on behalf of each Trust and to notify each Certificateholder
entitled to notice in accordance with the terms of the related Pooling
Agreement.

            Section 2.02. Obligations of the Supplemental Servicer.

            (a) The Supplemental Servicer shall, with respect to each Mandatory
Trust Group, and may, with respect to each Optional Trust Group, advance on each
Monthly Remittance Date, until the Supplemental Servicer's advancing obligation
terminates pursuant to Section 4.01 hereof, to each Trustee on behalf its
respective Trust Groups, a "Supplemental Delinquency Advance" in an amount equal
to the lesser of

                  (i)      the "Calculated Delinquency Advance," which shall be
                           the lesser of:

                           (a)      the Delinquency Advance due on such Monthly
                                    Remittance Date for such Trust Group less
                                    (I) any Compensating Interest with respect
                                    to such Remittance Period not paid by the
                                    Servicer with its own funds and (II) any
                                    portion of a Delinquency Advance to the
                                    extent payable as a result of accounting or
                                    other errors, or the failure to deposit
                                    funds or the misapplication of funds by the
                                    Servicer, and

                           (b)      5.0% of the unpaid principal balance of the
                                    Home Equity Loans of such Trust Group as of
                                    the last Business Day of the calendar month
                                    immediately preceding the calendar month in
                                    which such Monthly Remittance Date occurs
                                    less any unreimbursed Supplemental
                                    Delinquency Advances for such Trust Group as
                                    of such Monthly Remittance Date; and

                  (ii)     if the aggregate of all Calculated Delinquency
                           Advances exceeds the Maximum Available Supplemental
                           Delinquency Advance, the amount of the Calculated
                           Delinquency Advance shall be allocated on a pro rata
                           basis among the Trusts, based on the ratio of the
                           aggregate Calculated Delinquency Advances due to all
                           Trusts to the Maximum Available Supplemental
                           Delinquency Advance, first among the Mandatory Trust
                           Groups and secondly among the Optional Trust Groups
                           for which the


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<PAGE>

                           Supplemental Servicer is making a Supplemental
                           Delinquency Advance.

With respect to any Trust Group, the Supplemental Servicer may agree in its sole
discretion to make a Supplemental Delinquency Advance in an amount greater than
the Calculated Delinquency Advance provided for above. Unless otherwise agreed
by the Supplemental Servicer in its sole discretion, in no event shall the
aggregate of all Supplemental Delinquency Advances exceed the Maximum Available
Supplemental Delinquency Advance. The difference between the Supplemental
Delinquency Advance paid by the Supplemental Servicer on any Monthly Remittance
Date to a particular Trust Group and received by the Trustee and the total
Delinquency Advance due under the Pooling Agreement for such Trust Group on such
Monthly Remittance Date shall be paid by the Servicer as a Delinquency Advance
(a "Servicer Delinquency Advance").

            (b) No later than 1:00 p.m. New York time on the Business Day
preceding each Monthly Remittance Date, the Servicer shall deliver to the
Supplemental Servicer, each Trustee and the Certificate Insurer for each Trust a
notice (the "Supplemental Delinquency Advance Notice"), in the form of Exhibit I
hereto, setting forth, among other things, the amounts due on such Monthly
Remittance Date for the Delinquency Advance, the Supplemental Delinquency
Advance and the Servicer Delinquency Advance to each Trustee for each Trust
Group, and the amounts thereof from prior Remittance Periods that remain
unreimbursed.

            (c) As soon as reasonably practicable following receipt of the
Supplemental Delinquency Advance Notice, the Supplemental Servicer shall advise
the Servicer and the Verification Agent of the amount, if any, of the
Supplemental Advance it intends to make in respect of Optional Trust Groups. On
each Monthly Remittance Date, the Supplemental Servicer shall, pursuant to the
terms of this Section 2.02, pay in immediately available funds by wire transfer
to the Certificate Account for each Trust the Supplemental Delinquency Advance
due in respect of each Mandatory Trust Group and, if it elects to make such
advance, the Supplemental Delinquency Advance (or portion thereof) due in
respect of each Optional Trust Group.

            (d) The obligation of the Supplemental Servicer to make a
Supplemental Delinquency Advance in respect of a Mandatory Trust Group is
expressly conditioned upon (i) issuance of a Supplemental Delinquency Advance
Notice verified by the Verification Agent at least one Business Day prior to the
Monthly Remittance Date with regard to such Trust Group, (ii) no Turbo Event
with respect to any Trust having occurred and continuing unremedied and no facts
or circumstances described in Section 4.01(c) having occurred and continuing
unremedied, without regard to whether the Supplemental Servicer has issued a
notice with respect to such event(s), (iii) this Amendment not having been
terminated; (iv) the Clearing Bank not having failed to act in accordance with a
Disbursement Notice; (v) the Supplemental Servicer determining in its reasonable
good faith judgment that such Supplemental Delinquency Advance will be
recoverable from Net Collections of such Trust Group within three months of the
date made; and (vi) the Servicer having paid in full all amounts due to the
Verification Agent (collectively, the "Advance Conditions"). Notwithstanding any
provision contained herein to the


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<PAGE>

contrary, the Supplemental Servicer shall have no obligation to make a
Supplemental Delinquency Advance to a particular Trust unless all the Advance
Conditions have been satisfied and the making of a Supplemental Delinquency
Advance if any Advance Conditions are not satisfied shall not constitute a
waiver of such right or be construed as a precedent.

            Section 2.03. Servicer Acts as Agent; Gross Collections; Disbursing
Notices.

            (a) The Servicer shall, during the term of this Amendment, deposit
or cause to be deposited Gross Collections upon receipt for each Trust without
deduction, off-set or netting into an account entitled "ContiMortgage Payment
Clearing A/C FBO Other Investors/Custodial Acct" maintained at the Clearing Bank
for the benefit of the Trusts (the "Clearance Account"). Notwithstanding
anything to the contrary in any Pooling Agreement, the Servicer shall not
receive Servicing Fees, other servicing compensation, or reimbursement of
Servicing Advances or Servicer Delinquency Advances except in accordance with
this Amendment and the Servicer shall not be entitled to deduct, off-set or net
any amounts from Gross Collections prior to deposit into the Clearance Account.

            (b) The parties hereto agree that the Servicer shall be acting in
the capacity as agent of the Trusts when it receives Gross Collections, deposits
Gross Collections into the Clearance Account and when it issues Disbursement
Notices, and that the Servicer has no right, title or interest in any Gross
Collections unless and until such amounts are actually paid to the Servicer
pursuant to an authorized Disbursement Notice for its own benefit in accordance
with this Amendment.

            (c) The Servicer shall not have or obtain any right, title or
interest in any amounts paid from the Gross Collections to the Supplemental
Servicer as a Supplemental Servicing Fee, as reimbursement for Supplemental
Delinquency Advances, or otherwise. The Servicer acknowledges and agrees that
any Gross Collections received and held by it in the Clearance Account or
otherwise are held as agent and in trust for the applicable Trust. Each Trust is
the owner of its Gross Collections until actually paid pursuant to this
Amendment and the Pooling Agreement.

            (d) Subject to Section 2.06, on each Business Day in which collected
funds are on deposit in the Clearance Account, the Disbursing Agent, as agent
for each Trustee, shall issue a notice to the Clearing Bank, the other
Disbursing Agent and the Verification Agent (each a "Disbursement Notice"),
which in each case shall contain (subject to appropriate modification) the items
of information shown on Exhibit II hereto, directing such Clearing Bank to (i)
transfer the appropriate amounts of escrow funds, insurance premiums, and
suspense items to their respective accounts, (ii) to pay by wire transfer from
the Clearance Account to the Supplemental Servicer or the Servicer from Funds
Available for Servicing Payments remaining after transfers pursuant to
subsection (i) in this paragraph, as appropriate and pursuant to the priorities
established in this Amendment, all available funds necessary to pay Supplemental
Servicing Fees, Servicing Fees and other servicing compensation, and (iii) to
pay by wire transfer from the


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<PAGE>

Clearance Account to the Supplemental Servicer or the Servicer from any funds of
each Trust Group remaining after transfers pursuant to subsections (i) and (ii)
in this paragraph, as appropriate and pursuant to the priorities established in
this Amendment, all available funds of each Trust Group necessary to reimburse
Supplemental Delinquency Advances and Servicer Delinquency Advances, provided,
that any disputed amounts shall be deposited into the Principal and Interest
Account for the related Trust as provided in Section 6.01. To the extent any
amounts remain in the Clearance Account after such amounts have been paid, the
Disbursing Agent shall issue a Disbursement Notice directing the Clearing Bank
to deposit the Daily Collections into the Principal and Interest Account for the
related Trust.

            (e) In all instances in which the Disbursing Agent is required to
perform an action, the Servicer shall be obligated to take such action and the
Supplemental Servicer may, but is not required to perform, such action. Each
person receiving direction or a notice (including, without limitation, a
Disbursement Notice) from the Servicer and Supplemental Servicer, in each case
as Disbursing Agent, pertaining to the payment of Supplemental Servicing Fees or
reimbursement for Supplemental Delinquency Advances shall disregard the
direction or notice from the Servicer and act in accordance with the direction
or notice from the Supplemental Servicer. The Supplemental Servicer as the other
Disbursing Agent, retains the right to issue alternate Disbursement Notices to
the Clearing Bank concerning Supplemental Servicing Fees and reimbursement for
Supplemental Delinquency Advances which shall supercede any inconsistent
direction or notice issued by the Servicer as Disbursing Agent and shall make
all such inconsistent notices or directions null and void. Each Disbursing Agent
agrees that it will only disburse funds on deposit in the Clearance Account in
accordance with the terms of the related Pooling Agreements, as amended by this
Amendment. If the Supplemental Servicer is acting as Disbursing Agent, it shall
disburse funds in the Clearance Account only with respect to the Home Equity
Loans owned by the Trusts. At such time as this Amendment has terminated and the
Supplemental Servicer has been paid and reimbursed all amounts owing to it
pursuant to this Amendment, the Supplemental Servicer shall so notify the
Clearing Bank, and shall advise the Clearing Bank that it is no longer
authorized to issue Disbursement Notices pursuant hereto and that any then
effective Disbursement Notices given by it shall thereafter be void.

Section 2.04.     Supplemental Servicing Fee.

            (a) As compensation for rendering the services specified herein, the
Supplemental Servicer shall be entitled to receive, on a daily basis, a
supplemental servicing fee (the "Supplemental Servicing Fee") from each Trust.
The Supplemental Servicing Fee due on any particular day from a particular Trust
shall equal the product of (i) LIBOR plus 250 basis points, (ii) 1/360 and (iii)
the highest amount of such unreimbursed Supplemental Delinquency Advances
associated with such Trust on such day, provided, however, that on any day that
there are accrued and unpaid Supplemental Servicing Fees for a prior Monthly
Remittance Period, the Supplemental Servicing Fee for that day shall not exceed
12.0% per annum.


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<PAGE>

            (b) The Supplemental Servicing Fee shall be paid each Business Day
solely from the Funds Available for Servicing Payments, pursuant to a
Disbursement Notice, prior to any payment to the Servicer (or a successor
servicer) with respect to the Servicing Fee or other servicer compensation. The
Servicer (or a successor servicer) shall not be entitled to receive the
Servicing Fee or other servicing compensation and no Trust shall pay the
Servicing Fee or other servicing compensation to the Servicer (or a successor
servicer) if there exists a Supplemental Servicing Fee Shortfall. The amount of
any Supplemental Servicing Fee paid to the Supplemental Servicer from each Trust
shall reduce, dollar-for-dollar, the amount of the Servicing Fee and other
Servicer compensation that would otherwise have been payable to the Servicer (or
a successor servicer) by such Trust but for the execution of this Amendment.

            (c) Upon payment in full of all Supplemental Servicing Fees then due
and owing, all remaining Funds Available for Servicing Payments (if any) shall
be paid to the Servicer (or a successor servicer).

            (d) Notwithstanding anything to the contrary in this Amendment, the
amount paid to the Supplemental Servicer as a Supplemental Servicing Fee in a
Remittance Period from a particular Trust may not exceed the total Funds
Available for Servicing Payments deposited to the Clearance Account for such
Trust for such Remittance Period.

            Section 2.05. Reimbursement for Supplemental Delinquency Advances.

            (a) The Supplemental Servicer shall be reimbursed for all
Supplemental Delinquency Advances it makes. For the avoidance of doubt, the
reimbursement for Supplemental Delinquency Advances and Servicer Delinquency
Advances made in respect of a particular Trust Group shall be from the Net
Collections of such Trust Group and not on a loan-by-loan basis and no funds
shall be remitted from the Principal and Interest Account to the Trustee for
deposit into the Certificate Account to the extent that there are any
Supplemental Delinquency Advances that have not been reimbursed. On each
Business Day during each Remittance Period on which there is an unreimbursed
Supplemental Delinquency Advance, the Disbursing Agent shall, on a Trust
Group-by-Trust Group basis, issue a Disbursement Notice to reimburse the
Supplemental Servicer from Net Collections held in the Clearance Account for all
outstanding Supplemental Delinquency Advances prior to payment of any amount
from Net Collections to the Servicer (or a successor servicer) or to the
Principal and Interest Account.

            (b) For the avoidance of doubt, notwithstanding anything contained
in the Pooling Agreements to the contrary, the Servicer (or a successor
servicer) is not entitled to, and may not obtain, reimbursement of Delinquency
Advances in respect of any Trust Group (including, without limitation, from the
Clearance Account or Principal and Interest Account) prior to the Supplemental
Servicer receiving reimbursement of all Supplemental Delinquency Advances
outstanding with respect to such Trust Group.

            (c) In the event that the Supplemental Servicer has not been
reimbursed in full for Supplemental Delinquency Advances relating to a
particular Trust Group, but


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<PAGE>

funds relating to such Trust Group have nevertheless been deposited into the
related Principal and Interest Account, then the Supplemental Servicer shall be
reimbursed from such funds on deposit in such Principal and Interest Account
prior to the transfer of such amounts to the Certificate Account. Such
reimbursement from the Principal and Interest Account shall be made by the
applicable Trust on receipt of a notice from the Disbursing Agent.

            (d) For the avoidance of doubt, and notwithstanding anything herein
or in the Pooling Agreement to the contrary, the Servicer (or a successor
servicer) shall be entitled to recover Servicer Advances on a loan-by-loan basis
from the Mortgagors to the extent permitted by the Home Equity Loans, or, if not
recovered from the Mortgagor on whose behalf the Servicing Advance was made,
from Liquidation Proceeds realized upon the liquidation of the related Home
Equity Loan prior to the payment of Liquidation Proceeds to any other party to
this Amendment.

            Section 2.06. Certification of Supplemental Servicer Fee and
Supplemental Delinquency Advance Reimbursement Rights. The right to payment of
the Supplemental Servicing Fee and the right to reimbursement for Supplemental
Delinquency Advances shall be evidenced by a negotiable certificate (a
"Supplemental Servicing Certificate") in the form attached hereto as Exhibit III
if the owner of the Supplemental Delinquency Advances so requests of the Trustee
in writing. Each Supplemental Servicing Certificate shall be executed and
authenticated by the manual or facsimile signature of one of the Trustee's
Authorized Officers. Upon proper authentication by the Trustee, the Supplemental
Servicing Certificates shall bind each Trust and shall evidence each Trust's
obligations to pay and reimburse the Supplemental Servicing Fee and the right to
reimbursement for Supplemental Delinquency Advances in accordance with this
Amendment and the related Pooling Agreement. The holder of any Supplemental
Servicing Certificate may transfer, pledge, encumber, hypothecate or assign all
or any part of its rights in the Supplemental Servicing Certificate. The Trustee
shall cause to be kept a register in which the registration of the Supplemental
Servicing Certificates and any transfer of the Supplemental Servicing
Certificates shall be recorded if so requested by the transferee or pledgee. If
so directed by the Trustee or the Supplemental Servicer, the Servicer will
include payment instructions for the registered owner of a Supplemental
Servicing Certificate in Disbursement Notices subsequently given. If a
Supplemental Servicing Certificate is destroyed, lost of stolen, upon reasonable
security and indemnity to hold the Trustee and the applicable Trust harmless,
the Trustee shall execute a new Supplemental Servicing Certificate in
replacement for the destroyed, lost or stolen Supplemental Servicing
Certificate. Simultaneously with the payment in full of any Supplemental
Servicing Certificate after the termination of this Amendment, such Certificate
shall be surrendered to the Trustee. The Supplemental Servicer shall pay any
reasonable and customary fees charged by the Trustee in connection with the
issuance of any Supplemental Servicing Certificate or for effecting any transfer
thereof. The Supplemental Servicer hereby agrees to indemnify and hold each
Trust and the Trustee harmless against any loss, liability, claim, damage or
expense incurred in connection with any legal action or proceeding brought by
any third party who has acquired an interest in any Supplemental Servicing
Certificate.


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<PAGE>

                                  Article III

         REPRESENTATIONS, WARRANTIES AND COVENANTS; CONDITIONS PRECEDENT

            Section 3.01. Representations, Warranties and Covenants of the
Supplemental Servicer. The Supplemental Servicer hereby represents and warrants
to and covenants with the Trustee as follows:

            (a) The Supplemental Servicer is a Delaware corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware and is in compliance with the laws of each state necessary to enable it
to perform its obligations under the terms of this Amendment; the Supplemental
Servicer has the full corporate power and authority to execute and deliver this
Amendment and to perform in accordance herewith; the execution, delivery and
performance of this Amendment by the Supplemental Servicer and the consummation
of the transactions contemplated hereby have been duly and validly authorized;
this Amendment evidences the valid, binding and enforceable obligation of the
Supplemental Servicer; and all requisite corporate action has been taken by the
Supplemental Servicer to make this Amendment valid and binding upon the
Supplemental Servicer in accordance with its terms;

            (b) Neither the execution and delivery of this Amendment, nor the
fulfillment of or compliance with the terms and conditions of this Amendment,
will conflict with or result in a breach of any of the terms, conditions or
provisions of the Supplemental Servicer's charter or by-laws or any material
agreement or instrument to which the Supplemental Servicer is now a party or by
which it is bound, or constitute a default or result in an acceleration under
any of the foregoing, or result in the violation of any law, rule, regulation,
order, judgment or decree to which the Supplemental Servicer or its property is
subject;

            (c) There is no action, suit, proceeding, or investigation pending
or, to the knowledge of the Supplemental Servicer, threatened against the
Supplemental Servicer which, either in any one instance or in the aggregate, may
result in any material adverse change in the business, operations, financial
condition, properties or assets of the Supplemental Servicer, or in any material
impairment of the right or ability of the Supplemental Servicer to carry on its
business, or of any action taken or to be taken in connection with the
obligations of the Supplemental Servicer contemplated herein, or which would
materially impair the ability of the Supplemental Servicer to perform under the
terms of this Amendment; and

            (d) No consent, approval, authorization or order of any court or
governmental agency or body is required for the execution, delivery and
performance by the Supplemental Servicer of or compliance by the Supplemental
Servicer with this Amendment or the consummation of the transactions
contemplated by this Amendment, or if required, such approval has been obtained
prior to the date hereof.


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<PAGE>

            Section 3.02. Representations, Warranties and Covenants of the
Servicer. The Servicer hereby represents and warrants to and covenants with the
Supplemental Servicer and the Trustee as follows:

            (a) The Servicer is a Delaware corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware and is in
compliance with the laws of each state necessary to enable it to perform its
obligations under the terms of this Amendment; the Servicer has the full
corporate power and authority to execute and deliver this Amendment and to
perform in accordance herewith; the execution, delivery and performance of this
Amendment by the Servicer and the consummation of the transactions contemplated
hereby have been duly and validly authorized; this Amendment evidences the
valid, binding and enforceable obligation of the Servicer; and all requisite
corporate action has been taken by the Servicer to make this Amendment valid and
binding upon the Servicer in accordance with its terms;

            (b) Neither the execution and delivery of this Amendment, nor the
fulfillment of or compliance with the terms and conditions of this Amendment,
will conflict with or result in a breach of any of the terms, conditions or
provisions of the Servicer's charter or by-laws or any material agreement or
instrument to which the Servicer is now a party or by which it is bound, or
constitute a default or result in an acceleration under any of the foregoing, or
result in the violation of any law, rule, regulation, order, judgment or decree
to which the Servicer or its property is subject;

            (c) There is no action, suit, proceeding, or investigation pending
or, to the knowledge of the Servicer, threatened against the Servicer which,
either in any one instance or in the aggregate, may result in any material
adverse change in the business, operations, financial condition, properties or
assets of the Servicer, or in any material impairment of the right or ability of
the Servicer to carry on its business substantially as now conducted, or of any
action taken or to be taken in connection with the obligations of the Servicer
contemplated herein, or which would materially impair the ability of the
Servicer to perform under the terms of this Amendment; and

            (d) No consent, approval, authorization or order of any court or
governmental agency or body is required for the execution, delivery and
performance by the Servicer of or compliance by the Servicer with this Amendment
or the consummation of the transactions contemplated by this Amendment, or if
required, such approval has been obtained prior to the date hereof.

            (e) The Servicer has no right, title or interest in or to any Gross
Collections (other than as trustee, or as agent for the related Trustee, of
Gross Collections held by it or by the Clearing Bank) unless and until funds
from such Gross Collections are actually paid to it pursuant to the applicable
Pooling Agreement, as modified by this Amendment.

            (f) The Servicer shall continue to collect and deposit into the
Clearance Account, in the ordinary course of its business, the Gross Collections
in the same manner


                                       12
<PAGE>

that it has been collecting and depositing such receipts and deposits, except
that the Servicer may not net, off-set or deduct from such collections or
deposits.

            (g) The Servicer shall cooperate with the Verification Agent and
shall allow the Verification Agent access to the Servicer's books, records,
computer system and employees during ordinary business hours upon reasonable
notice and shall allow the Verification Agent to review all collections with
respect to Home Equity Loans and to make such copies of books, records and
documents as the Verification Agent determines in its sole discretion, in each
case, on a daily basis.

            Section 3.03. Conditions Precedent. This Amendment shall not become
effective unless the following conditions are met or waived in writing by the
Supplemental Servicer: (i) receipt by the Supplemental Servicer of an
acknowledgement by the Clearing Bank in form and substance satisfactory to the
Supplemental Servicer agreeing to accept Disbursement Notices from the
Supplemental Servicer on a priority basis and limiting the ability to change the
name of the Clearance Account, and (ii) termination of the Grain Subservicing
Agreement and receipt by the Supplemental Servicer of a duly authorized letter
from Continental Grain Company that no amounts are owing to it, and all
obligations due it, under the Grain Subservicing Agreement have been paid and
satisfied.

                                   Article IV

                    REMOVAL; RESIGNATION; MERGER; ASSIGNMENT

            Section 4.01. Term of Amendment; Termination of Supplemental
Servicing.

            (a) The Supplemental Servicer's obligation to make Supplemental
Delinquency Advances hereunder shall terminate on the date on which this
Amendment terminates, which shall be October 15, 2000 except as this Amendment
may be terminated earlier as set forth in Sections 4.01(b) or 4.01(c) hereof and
as this Amendment may be extended if agreed to in writing by the Depositor, the
Trustee, Servicer and Supplemental Servicer, with 30 days prior written notice
given to the other parties hereto and the related Certificate Insurers.

            (b) The Servicer may terminate this Amendment upon 30 days prior
written notice to each of the other parties hereto and the related Certificate
Insurers. Each Certificate Insurer may terminate this Amendment with respect to
the Trusts related to it upon five Business Days prior written notice to each of
the parties hereto. If the Servicer resigns or is terminated pursuant to the
terms of the Pooling Agreements, the Trustee or a successor servicer may
terminate this Amendment upon five Business Days notice to the parties hereto
without payment of any fee (other than reimbursement for unpaid Supplemental
Servicing Fees and unreimbursed Supplemental Delinquency Advances in accordance
with the provisions hereof).


                                       13
<PAGE>

            (c) The Supplemental Servicer may terminate this Amendment and its
obligation to make Supplemental Delinquency Advances immediately upon notice to
each of the other parties hereto and the related Certificate Insurers if any of
the following occur and is continuing on the second Business Day after notice of
the occurrence of any of the following (each, a "Turbo Event"):

                  (i)      The Servicer receives payment for the Servicing Fee
                           or other servicing compensation with respect to a
                           Trust at a time when Supplemental Servicing Fees with
                           respect to such Trust have not been timely paid in
                           accordance with Section 2.04;

                  (ii)     The Servicer is reimbursed for a Servicer Delinquency
                           Advance with respect to a Trust Group at a time when
                           Supplemental Delinquency Advances with respect to
                           such Trust Group remain unreimbursed;

                  (iii)    The Servicer fails to deposit Gross Collections to
                           the Clearance Account or fails to deposit the
                           appropriate amounts to any Principal and Interest
                           Account as it has been doing in the ordinary course
                           of business, except for nominal amounts as a result
                           of inadvertence, error or oversight, which, in each
                           case is corrected in a prompt manner;

                  (iv)     The Servicer issues a Disbursement Notice to the
                           Clearing Bank or otherwise withdraws funds from the
                           Clearance Account or any Principal and Interest
                           Account except as expressly authorized by the
                           provisions of any Pooling Agreement, as amended by
                           this Amendment;

                  (v)      The Servicer breaches any provision of this Amendment
                           or any of the Servicer's representations, warranties
                           or covenants are untrue when made or became untrue
                           thereafter;

                  (vi)     The Clearing Bank fails to act in accordance with a
                           Disbursement Notice issued by the Supplemental
                           Servicer or the Clearing Bank informs or otherwise
                           indicates to the Supplemental Servicer that it will
                           not honor future Disbursement Notices issued by the
                           Supplemental Servicer; and

                  (vii)    Any party to this Amendment, or its successor in
                           interest, except the Supplemental Servicer,
                           institutes any action or proceeding seeking to avoid
                           any portion of this


                                       14
<PAGE>

                           Amendment or render any portion of this Amendment
                           ineffective.

            (d) Notwithstanding any termination of this Amendment, the
Supplemental Servicer's right to payment and reimbursement for unpaid
Supplemental Servicing Fees and unreimbursed Supplemental Delinquency Advances
shall survive any such termination until such amounts have been paid and
reimbursed in full. Following any termination of this Amendment, the Disbursing
Agent, on behalf of the related Trust, and each Trustee, shall continue to issue
Disbursement Notices directing payment to the Supplemental Servicer amounts due
to it in respect of unpaid Supplemental Servicing Fees and unreimbursed
Supplemental Delinquency Advances, as calculated in and provided by Article II
hereof, until all such amounts have been paid or reimbursed in full. This
Section 4.01(d), Article V, and Sections 6.05 through 6.15 shall survive any
termination of this Amendment. If the Servicer is not replaced by the Trustee or
a successor servicer, Article II also shall survive any termination of this
Amendment until the Supplemental Servicer has been paid and reimbursed all
amounts owing to it pursuant to this Amendment. Notwithstanding anything to the
contrary contained herein, if this Amendment is terminated and the Servicer is
replaced by the Trustee or a successor servicer, then, until all amounts owing
to the Supplemental Servicer in respect of unpaid Supplemental Servicing Fees
and unreimbursed Supplemental Delinquency Advances have been paid and reimbursed
in full, the Trustee or successor servicer, as appropriate, shall (i) assume the
responsibilities of the Servicer to act as Disbursing Agent, on behalf of the
related Trustee pursuant to this Amendment, including the issuance of
Disbursement Notices and allocations of Gross Collections pursuant to Section
2.03(d), (ii) pay the Supplemental Servicing Fee pursuant to Section 2.04, (iii)
reimburse the Supplemental Servicer for all unreimbursed Supplemental
Delinquency Advances pursuant to Section 2.05, and (iv) perform the obligations
of the Servicer pursuant to Section 2.06.

            Section 4.02. Merger or Consolidation of the Supplemental Servicer.
The Supplemental Servicer may be merged or consolidated with or into any Person,
or transfer all or substantially all of its assets to any Person, in which case
any Person resulting from any merger or consolidation to which the Supplemental
Servicer shall be a party, or any Person succeeding to the business of the
Supplemental Servicer, shall be the successor of the Supplemental Servicer, as
the case may be, hereunder, without the execution or filing of any paper or any
further act on the part of any of the parties hereof, anything herein to the
contrary notwithstanding.

            Section 4.03. Assignment. The Supplemental Servicer may assign its
rights and obligations hereunder to any Person with the prior written consent of
the Servicer and the Certificate Insurer with respect to the related Trust.


                                       15
<PAGE>

                                   Article V

                    LIMITATION ON LIABILITY; INDEMNIFICATION

            Section 5.01. Limitation on Liability of the Supplemental Servicer;
Indemnification.

            (a) The Supplemental Servicer and any director, officer, employee or
agent of the Supplemental Servicer may rely in good faith on any document of any
kind which, prima facie, is properly executed and submitted by any Person
respecting any matters arising thereunder. None of the Supplemental Servicer,
nor any of its directors, officers, employees or agents shall have any liability
to the Trustee, the Trust or the Certificateholders for any action taken or for
refraining from the taking of any action by it relating to this Amendment or for
errors in judgment; provided, however, that this provision shall not protect the
Supplemental Servicer or any such person against any liability that would
otherwise be imposed by reason of willful misfeasance, bad faith or gross
negligence in the performance of the duties of the Supplemental Servicer or by
reason of reckless disregard of the obligations and duties of the Supplemental
Servicer hereunder. The Supplemental Servicer shall not have any liability for
any consequential, incidental, special, exemplary, punitive, or any similar,
damages and each party hereto irrevocably and unconditionally waives any right
it may have to claim or recover any such damages.

            (b) The Servicer hereby indemnifies and holds the Supplemental
Servicer and any director, officer, employee or agent of the Supplemental
Servicer harmless against any loss, liability, claim, damage or expense incurred
in connection with any legal action or proceeding relating to this Amendment or
the Supplemental Servicer's action, or failure to take action, under this
Amendment, other than any loss, liability or expense incurred by reason of
willful misfeasance, bad faith or gross negligence in the performance of its
duties hereunder. To the extent that the Supplemental Servicer incurs any loss,
liability or expense arising out of or in connection with this Amendment, the
Supplemental Servicer shall be reimbursed and held harmless by each Trust Estate
to the same extent that the Servicer would be reimbursed or held harmless from
the Trust Estate pursuant to Section 8.05 of the Pooling Agreements; provided,
however, that in the event the Servicer seeks reimbursement or to be held
harmless pursuant to Section 8.05 of the Pooling Agreements for itself from the
Trust Estate, the Supplemental Servicer shall be reimbursed and held harmless
prior to any payment being made to the Servicer with respect to its request to
be reimbursed or held harmless.

                                   Article VI

                                  MISCELLANEOUS

            Section 6.01. Verification Agent. The Supplemental Servicer shall
appoint a nationally-recognized firm of independent accountants reasonably
acceptable to the Certificate Insurers, the Trustee and the Servicer to serve as
the verification agent (the "Verification Agent"). The Supplemental Servicer
hereby appoints KPMG LLP as the


                                       16
<PAGE>

initial Verification Agent. The Servicer shall deliver the proposed Supplemental
Delinquency Advance Notice to the Verification Agent at least one Business Day
prior to the issuance of a Supplemental Delinquency Advance Notice, which notice
the Verification Agent shall review and verify that the calculations of the
amounts set forth therein are correct. In the event the Verification Agent
disagrees with any amounts set for in the Supplemental Delinquency Advance
Notice, it shall immediately notify the Supplemental Servicer and the Servicer
of its findings. Any disagreement must be resolved by the Verification Agent and
the Servicer by 11:00 am New York time on the day on which such Supplemental
Delinquency Advance Notice is due. In the event any such disagreement cannot be
resolved by such time on such date, the findings of the Verification Agent shall
be final and binding, and the Servicer shall submit, as final, such amended
Supplemental Delinquency Advance Notice as the Supplemental Advance Notice. The
findings of the Verification Agent in any Supplemental Delinquency Advance
Notice shall be conclusive and shall be binding on all parties, absent manifest
error. To the extent requested by the Supplemental Servicer, the Verification
Agent shall also review Disbursement Notices given by the Servicer. In the event
the Verification Agent disagrees with any amounts set forth in any Disbursement
Notice(s), it shall immediately notify the Supplemental Servicer and the
Servicer of its findings. All amounts subject to disagreement shall be deposited
into the Principal and Interest Account for the related Trust (and the Servicer
acknowledges and agrees that the Supplemental Servicer may issue a Disbursement
Notice to the Clearing Bank so instructing the Clearing Bank) and shall not be
disbursed from such Principal and Interest Account until the earlier of
resolution or the next Monthly Remittance Date. In the event any such
disagreement cannot otherwise be resolved prior to the next Monthly Remittance
Date, the findings of the Verification Agent shall be final and binding. The
fees and expenses of the Verification Agent will be paid by the Servicer (with
such fees to be paid on an estimated basis, monthly in advance, and such
expenses to be paid as incurred) except that, at the direction of the
Supplemental Servicer, any fees or expenses of the Verification Agent remaining
unpaid more than ten Business Days after submission shall be paid from Funds
Available for Servicing Payments after payment of the Supplemental Servicing Fee
pursuant to Section 2.04(b) hereof, which payment shall reduce the Servicing Fee
and other servicing compensation on a dollar-for-dollar basis. The failure to
pay the fees and expenses of the Verification Agent promptly by the Servicer
shall give rise to a breach of the Advance Conditions.

            Section 6.02. Inconsistencies with Pooling Agreements; Amendment to
Supplemental Servicing Amendment and the Pooling Agreements.

            (a) The Servicer shall not amend any Pooling Agreement in any way
that would affect the rights or obligations of the Supplemental Servicer
hereunder without the prior written consent of the Supplemental Servicer.

            (b) Notwithstanding any provision in a Pooling Agreement requiring
ContiMortgage to pay the expenses of the Trust from its own funds, the Servicer
shall not be responsible for and shall not pay from its own funds the
Supplemental Servicing Fee or the reimbursement of Supplemental Advances or any
other fee or expense described in this Amendment (other than any indemnification
of the Supplemental Servicer as


                                       17
<PAGE>

provided in the first sentence of Section 5.01(b) and the fee of the
Verification Agent as provided in Section 6.01) as expenses of the Trust.

            Section 6.03. Servicer Primarily Liable. Notwithstanding anything to
the contrary contained in this Amendment, the Servicer shall continue to be
responsible for making each Delinquency Advance pursuant to Section 8.09(a) of
each Pooling Agreement in the event the Supplemental Servicer fails to make any
required Supplemental Advance on the date required hereunder.

            Section 6.04. Indulgences, Etc. Neither the failure nor any delay on
the part of any party to exercise any right, remedy, power or privilege (each, a
"Right") under this Amendment shall operate as a waiver thereof, nor shall any
single or partial exercise of any Right preclude any other or further exercise
of the same or of any other Right, nor shall any waiver of any Right with
respect to any occurrence be construed as a waiver of such Right with respect to
any other occurrence. No waiver shall be effective unless it is in writing and
is signed by the party asserted to have granted such waiver.

            Section 6.05. Controlling Law; Jurisdiction.

            (a) This Amendment and all questions relating to its validity,
interpretation, performance and enforcement (including, without limitation,
provisions concerning limitations of actions), shall be governed by and
construed in accordance with the laws of the State of New York applicable to
agreements entered into and to be performed within the State of New York,
notwithstanding any conflict-of-laws doctrines of the State of New York or other
jurisdictions to the contrary, and without the aid of any canon, custom or rule
of law requiring construction against the draftsman.

            (b) The parties hereto hereby irrevocably submit to the jurisdiction
of the United States District Court for the Southern District of New York and
any court in the State of New York located in the City and County of New York,
and any appellate court from any thereof, in any action, suit or proceeding
brought against it or in connection with this Amendment or any of the related
documents or the transactions contemplated hereunder or for recognition or
enforcement of any judgment, and the parties hereto hereby irrevocably and
unconditionally agree that all claims in respect of any such action or
proceeding may be heard or determined in such New York State court or, to the
extent permitted by law, in such federal court. The parties hereto agree that a
final judgment in any such action, suit or proceeding shall be conclusive and
may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. To the extent permitted by applicable law, the parties
hereto hereby waive and agree not to assert by way of motion, as a defense or
otherwise in any such suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of such courts, that the suit, action or
proceeding is brought in an inconvenient forum, that the venue of the suit,
action or proceeding is improper or that the related documents or the subject
matter thereof may not be litigated in or by such courts.

            Section 6.06. Waiver of Jury Trial. Each of the parties hereby
IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY in any action,


                                       18
<PAGE>

proceeding or counterclaim arising out of or relating to this Amendment, any
other transaction document or any instrument or document delivered hereunder or
thereunder.

Section 6.07. Notices. All demands, notices, and communications hereunder shall
be effective when personally delivered, when sent by facsimile with confirmation
of receipt by the recipient's facsimile machine or the Business Day after
delivery to a nationally recognized overnight delivery service when the delivery
fee is prepaid and delivery by the next Business Day morning is specified, to
the following addresses or facsimile number, or to such other address or
facsimile number as is later specified by notice:

                  (i)   If to Servicer:

                        ContiMortgage Corporation
                        One Conti Park
                        338 South Warminster Road
                        Hatboro, Pennsylvania 19040-3430
                        Attention: Senior Vice President

                         and Chief Counsel
                        Telephone: (215) 347-3404
                        Fax: (215) 347-3400

                  (ii)  If to Supplemental Servicer:

                        Greenwich Capital Financial Products, Inc.
                        600 Steamboat Road
                        Greenwich, CT 06830
                        Attention: John Anderson
                        Telephone: (203) 625-7941
                        Fax: (203) 618-2135

                        with a copy to

                        General Counsel
                        Telephone: (203) 625-6065
                        Fax: (203) 618-4571

                  (iii) If to the Trustee:

                        Manufacturers and Traders Trust Company
                        One M&T Plaza
                        Buffalo, New York 14203-2399
                        Telephone: (716) 842-4387
                        Fax: (716) 842-5905
                        Attention: Corporate Trust Administration


                                       19
<PAGE>

              (iv)  If to the Depositor

                    ContiSecurities Asset Funding Corp.
                    3811 West Charleston Blvd., Suite 104
                    Las Vegas, NV 89102
                    Telephone: (702) 822-5836
                    Fax: (702) 822-5839

              (v)   If to MBIA Insurance Corporation

                    MBIA Insurance Corporation
                    113 King Street
                    Armonk, NY 10504

                    Attention: Insured Portfolio Management - SF (ContiMortgage
                    Home Equity Loan Pass-Through Certificates, Series 1994-3,
                    1994-4, 1994-5, 1996-2, 1996-3, 1996-4, 1997-4, 1997-5,
                    1998-1, 1998-2, 1998-3 and 1999-2)
                    Telephone: (914) 273-4545
                    Fax: (914) 765-3810


              (vi)  If to Ambac Assurance Corporation

                    Ambac Assurance Corporation
                    One State Street Plaza
                    New York, NY 10004
                    Telephone: (212) 668-0340
                    Fax: (212) 509-9190

              (vii) If to Financial Guaranty Insurance Company

                    Financial Guaranty Insurance Company
                    115 Broadway
                    New York, NY 10006
                    Attention: General Counsel
                    Telephone: (212) 312-3000
                    Fax: (212) 312-3220

            Section 6.08. Binding Nature of Amendment. This Amendment shall be
binding upon and inure to the benefit of the parties hereto and their respective
permitted successors and assigns notwithstanding any provision of any Pooling
Agreement that might deem this Amendment to be binding only upon the Servicer or
Supplemental Servicer.

        Section 6.09. Provisions Separable. The provisions of this Amendment are
independent of and separate from each other, and no provision shall be affected
or


                                       20
<PAGE>

rendered invalid or unenforceable by virtue of the fact that for any reason any
other or others of them may be invalid or unenforceable in whole or in part.

            Section 6.10. Counterparts. For the purpose of facilitating the
execution of this Amendment and or other purposes, this Amendment may be
executed simultaneously in any number of counterparts, each of which shall be
deemed to be an original, and together shall constitute and be one and the same
instrument.

            Section 6.11. Entire Agreement; Amendment of this Amendment. This
Amendment contains the entire understanding between the parties hereto with
respect to the subject matter hereof, and supersedes all prior and
contemporaneous agreements and understandings, inducements or conditions,
express or implied, oral or written, except as herein contained. The express
terms hereof control and supersede any course of performance and/or usage of the
trade inconsistent with any of the terms hereof. This Amendment may not be
modified or amended other than by an agreement in writing.

            Section 6.12. Paragraph Headings. The paragraph headings in this
Amendment are for convenience only; they form no part of this Amendment and
shall not affect its interpretation.

            Section 6.13. Advice from Counsel. The parties understand that this
Amendment is a legally binding agreement that may affect such party's rights.
Each party represents to the other that it has received legal advice from
counsel of its choice regarding meaning and legal significance of this Amendment
and that it is satisfied with its legal counsel and the advice received from it.

            Section 6.14. Judicial Interpretation. Should any provision of this
Amendment or any of the other transaction documents require judicial
interpretation, it is agreed that a court interpreting or construing the same
shall not apply a presumption that the terms hereof shall be more strictly
construed against any Person by reason of the rule of construction that a
document is to be construed more strictly against the Person who itself or
through its agent prepared the same, it being agreed that all Parties have
participated in the preparation of this Amendment.

            Section 6.15. Third Party Rights. The Trustee, Supplemental Servicer
and the Servicer agree that the Certificate Insurer for each Trust shall be
deemed a third party beneficiary of this Amendment as if it were a party hereto.

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]


                                       21
<PAGE>

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and
delivered by their proper and duly authorized officers as of the date first
above written.

                                     CONTIMORTGAGE CORPORATION,
                                      as Servicer and as Seller

                                     By:________________________________
                                      Name: Margaret M. Curry
                                      Title: Senior Vice President

                                     By:________________________________
                                      Name:
                                      Title:

                                     GREENWICH CAPITAL FINANCIAL PRODUCTS,
                                     INC.,
                                      as Supplemental Servicer

                                     By:________________________________
                                      Name: John C. Anderson
                                      Title: Senior Vice President

                                     CONTISECURITIES ASSET FUNDING CORP.,
                                     as Depositor

                                     By:________________________________
                                      Name: John Banu
                                      Title: Authorized Signatory

                                     By:________________________________
                                      Name: Jay Remis
                                      Title: Authorized Signatory

                                     CONTIWEST CORPORATION,
                                      as Seller

                                     By:________________________________
                                      Name: Joy Tolbert
                                      Title: Vice President

                                     By:________________________________
                                      Name: Todd Hart
                                      Title: Assistant Secretary

                                     [Signature Page to Supplemental
                                     Servicing Amendment]

<PAGE>

                                     MANUFACTURERS AND TRADERS TRUST
                                     COMPANY,
                                      as Trustee and on behalf of the Trusts


                                     By:________________________________
                                      Name: Neil B. Witoff
                                      Title: Assistant Vice President



For the purpose of this Amendment to each Pooling Agreement:

MBIA INSURANCE CORPORATION,


By:________________________
 Name:
 Title:


FINANCIAL GUARANTY INSURANCE COMPANY


By:________________________
 Name:
 Title:


AMBAC ASSURANCE CORPORATION

By:________________________
 Name:
Title:
 [Signature Page to Supplemental Servicing Amendment--con't]

<PAGE>




SCHEDULE A-1

List of Pooling Agreements with Reimbursements Trust-by-Trust



SERIES         POOLING AGREEMENT


1994-3     Pooling and Servicing Agreement, dated as of June 1, 1994, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller and Manufacturers and Traders
           Trust Company, as Trustee

1994-4     Pooling and Servicing Agreement, dated as of August 1, 1994, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller and Manufacturers and Traders
           Trust Company, as Trustee

1994-5     Pooling and Servicing Agreement, dated as of December 1, 1994, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller and Manufacturers and Traders
           Trust Company, as Trustee

1995-1     Pooling and Servicing Agreement, dated as of March 1, 1995, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller and Manufacturers and Traders
           Trust Company, as Trustee

1997-1     Pooling and Servicing Agreement, dated as of February 1, 1997, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller, ContiWest Corporation, as
           Seller and Manufacturers and Traders Trust Company, as Trustee

1997-4     Pooling and Servicing Agreement, dated as of September 1, 1997,
           among ContiSecurities Asset Funding Corp., as Depositor,
           ContiMortgage Corporation, as Servicer and as Seller, ContiWest
           Corporation, as Seller and Manufacturers and Traders Trust Company,
           as Trustee

1997-5     Pooling and Servicing Agreement, dated as of December 1, 1997, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller, ContiWest Corporation, as
           Seller and Manufacturers and Traders Trust Company, as Trustee

1998-1     Pooling and Servicing Agreement, dated as of March 1, 1998, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller, ContiWest Corporation, as
           Seller and Manufacturers and Traders Trust Company, as Trustee


                                       A-1
<PAGE>

1998-2     Pooling and Servicing Agreement, dated as of June 1, 1998, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller, ContiWest Corporation, as
           Seller and Manufacturers and Traders Trust Company, as Trustee

1998-3     Pooling and Servicing Agreement, dated as of September 1, 1998,
           among ContiSecurities Asset Funding Corp., as Depositor,
           ContiMortgage Corporation, as Servicer and as Seller, ContiWest
           Corporation, as Seller and Manufacturers and Traders Trust Company,
           as Trustee

1998-4     Pooling and Servicing Agreement, dated as of December 1, 1998, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller, ContiWest Corporation, as
           Seller and Manufacturers and Traders Trust Company, as Trustee

1999-1     Pooling and Servicing Agreement, dated as of March 1, 1998, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller, ContiWest Corporation, as
           Seller and Manufacturers and Traders Trust Company, as Trustee

1999-2     Pooling and Servicing Agreement, dated as of March 1, 1999, among
           ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
           Corporation, as Servicer and as Seller, ContiWest Corporation, as
           Seller and Manufacturers and Traders Trust Company, as Trustee

1999-3     Pooling and Servicing Agreement, dated as of June 1, 1998, among
           ContiSecurities Asset Funding Corp., as Depositor, Norwest Bank
           Minnesota, National Association, as Master Servicer, ContiMortgage
           Corporation, as Servicer and as Seller, ContiWest Corporation, as
           Seller and Manufacturers and Traders Trust Company, as Trustee


                                       A-2
<PAGE>

SCHEDULE A-2

List of Pooling Agreements with Reimbursements Loan Group-by-Loan Group



<TABLE>
<CAPTION>
SERIES      POOLING AGREEMENT                                                            LOAN GROUP            MANDATORY/

                                                                                                               OPTIONAL

                                                                                                               DESIGNATION

<S>         <C>                                                                          <C>                   <C>
1995-2      Pooling and Servicing Agreement, dated as of May 1, 1995, among              Fixed Rate Group      Mandatory*
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller and Manufacturers and Traders Trust   Adjustable Rate Group Optional
            Company, as Trustee

1995-3      Pooling and Servicing Agreement, dated as of August 1, 1995, among           Fixed Rate Group      Mandatory*
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller and Manufacturers and Traders Trust   Adjustable Rate Group Optional
            Company, as Trustee

1995-4      Pooling and Servicing Agreement, dated as of November 1, 1995, among         Group I               Mandatory*
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller and Manufacturers and Traders Trust   Group II              Optional
            Company, as Trustee

                                                                                         Group III             Optional

1996-1      Pooling and Servicing Agreement, dated as of February 1, 1996, among         Fixed Rate Group      Mandatory*
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller and Manufacturers and Traders Trust   Adjustable Rate Group Optional
            Company, as Trustee

1996-2      Pooling and Servicing Agreement, dated as of June 1, 1996, among             Fixed Rate Group      Mandatory
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller and Manufacturers and Traders Trust   Adjustable Rate Group Optional
            Company, as Trustee
</TABLE>


                                       A-1
<PAGE>

<TABLE>
<CAPTION>

SERIES      POOLING AGREEMENT                                                            LOAN GROUP            MANDATORY/

                                                                                                               OPTIONAL

                                                                                                               DESIGNATION

<S>         <C>                                                                          <C>                   <C>
1996-3      Pooling and Servicing Agreement, dated as of August 1, 1996, among           Fixed Rate Group      Mandatory
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller and Manufacturers and Traders Trust   Adjustable Rate Group Optional
            Company, as Trustee

1996-4      Pooling and Servicing Agreement, dated as of December 1, 1996, among         Fixed Rate Group      Mandatory
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller, ContiWest Corporation, as Seller     Adjustable Rate Group Optional
            and Manufacturers and Traders Trust Company, as Trustee

1997-2      Pooling and Servicing Agreement, dated as of March 1, 1997, among            Group I               Mandatory
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller, ContiWest Corporation, as Seller     Group II              Optional
            and Manufacturers and Traders Trust Company, as Trustee

1997-3      Pooling and Servicing Agreement, dated as of June 1, 1997, among             Group I               Mandatory
            ContiSecurities Asset Funding Corp., as Depositor, ContiMortgage
            Corporation, as Servicer and as Seller, ContiWest Corporation, as Seller     Group II              Optional
            and Manufacturers and Traders Trust Company, as Trustee
</TABLE>


* These Loan Groups will be treated as Optional with respect to the Monthly
Remittance Date occuring in November, 1999.


                                       A-2
<PAGE>

EXHIBIT I

Form of Supplemental Delinquency Advance Notice

-------, -----

Greenwich Capital Financial Products, Inc.
600 Steamboat Road
Greenwich, CT 06830
Attention: John Anderson or General Counsel

Re: Supplemental Servicing Amendment, dated as of November 9, 1999;

Notice of Supplemental Delinquency Advance

Pursuant to Section 2.02(b) of the Supplemental Servicing Amendment, dated as of
November 9, 1999 (the "Supplemental Servicing Amendment"), among ContiMortgage
Corporation (the "Servicer"), ContiWest Corporation, as Seller, ContiSecurities
Asset Funding Corp., as Depositor, Greenwich Capital Financial Products, Inc.
(the "Supplemental Servicer") and Manufacturers and Traders Trust Company (the
"Trustee"), the undersigned hereby notifies you that a Supplemental Delinquency
Advance in the amount of $_________ is due on the Monthly Remittance Date
occurring on ________, ___. The computation of the amount of the Supplemental
Delinquency Advance is set forth below.

The undersigned also hereby certifies that to the best of its knowledge, each of
the Advance Conditions contained in Section 2.02(d) have been met.

<TABLE>
<CAPTION>
                   Sum of
                   Interest      Amount on
                   Remittance    deposit in                                Unreimbursed                 Unreimbursed   Unpaid
                   Amount and    related                      Amount of    Amount of       Amount of    Amount of      Amount of
                   Principal     Principal      Amount of     Supplemental Supplemental    Servicer     Servicer       Supplemental
Name of Trust      Remittance    and Interest   Delinquency   Delinquency  Delinquency     Delinquency  Delinquency    Servicing
Group              Amount        Account        Advance       Advance      Advances        Advance      Advances       Fees
<S>                <C>           <C>            <C>           <C>          <C>             <C>          <C>            <C>

-----------------------------------------------------------------------------------------------------------------------------------
Totals
</TABLE>

         Please remit the amount of the Supplemental Delinquency Advance
         directly to Manufacturers and Traders Trust Company (the "Trustee") at
         the account listed below on the Monthly Remittance Date.


                                       I-1
<PAGE>

To:

Account No:

Reference:

Very truly yours,

CONTIMORTGAGE CORPORATION, as Servicer

By: __________________________
Name:
Title:

Verified by:
KPMG LLC

______________________________

By: __________________________

Title:

cc: Manufacturers and Traders Trust Company
One M&T Plaza
Buffalo, New York 14203-2399
Tel: (716) 842-4387
Fax: (716) 842-5905
Attention: Corporate Trust Administration

                                       I-1