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PURCHASE MONEY NOTE 


Certificate No.: 1 Date: April!, 2010 

ISlNNo.: CUSIP

Initial Note Principal Balance: $137,449,238 Maturity Date: April 1, 2020 

Fixed Interest Rate: 4.00% per annum 

First Payment Date: ·April 26, 2010 

FOR VALUE RECEIVED, MULTIBANK. 2010-1 SFR VENTURE, LLC, a 

Delaware limited liability company (herein referred to as the ''Issuer"), hereby 

unconditionally promises to pay to the order of CEDE & CO., or its successors and 

registered assigns, tQ.e principal sum of $137,449,238.00 (ONE HUNDRED THIRTYSEVEN MILLION FOUR HUNDRED FORTY-NINE THOUSAND TWO HUNDRED 

AND THIRTY-EIGHT UNITED STATES DOLLARS ONLY) (or such other amount as 

shall be the outstanding principal amount of this Purchase Money Note shown on 

Schedule A hereto). 

The principal of this Purchase Money Note is such coin or currency of 

the United States of America as at the time of B tender for payment of 

public and private debts. The entire ou g ount of this Purchase 

Money Note shall be due and payablerQn· 1 202 turi Date") or such 

earlier date as such amount shall beco ~ e pn~r,~nt to the terms of this 

Purchase Money Note. ~ 

All payments mad y the Is · espect to this Purchase Money Note shall 

be subject to the priority o ents forth in Section 5.1 ofthe custodial and paying 

agency agreement dated as sing Date by and among the Issuer, the Federal 

Deposit Insurance Corporation m any capacity, the "FDIC"), in its corporate capacity, 

as the guarantor of the Purchase Money Note, the FDIC, in its capacity as Receiver, as 

Collateral Agent and Wells Fargo Bank, N.A. (as amended, supplemented or restated 

from time to time, the "Custodial and Paying Agency Agreement''). This Purchase 

Money Note is subject to all terms of the Custodial and Paying Agency Agreement. 

Unless otherwise defined herein, capitalized terms used in this Purchase Money Note 

have the meanings provided -in, or by reference in, the Custodial and Paying Agency 

Agreement. 

The Issuer will pay interest on this ·Purchase Money Note at the fixed rate 

specified above on each Distribution Date on the principal amount of this Purchase 

Money Note outstanding on the preceding Distribution Date (after giving effect to all 

payments of principal made on the· preceding Distribution Date). Interest on this 

Purchase Money Note will accrue for each Distribution Date during related Due Period. 

Interest will be calculated assuming a year.consisting oftwelve 30-daymonths, except in 

the case ofthefirst Distribution Date for this Purchase Money Note, for which the related 

Due Period will consist of0 days. 

FDICSFR2010-l 4 


Global!Un-certificated Purchase Money Note Rule 144A 


Pool Nos. 24020 and 24021 

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IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually 

or in facsimile, by the Initial Member as ofthe date first shown above. 

MULTIBANK 2010-1 SFR VENTURE, LLC 

By: 	 Federal Deposit Insurance Corporation, as 

Receiver, Member 

By: 

Name: W. McComis 

Title: Attorney-in-Fact 

FDIC SFR 2010-1 

Globai/Un-certificated Purchase Money Note Rule I 44A 

Pool Nos. 24020 and 24021 
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