1.1 SIERRA PAC',tf[C ~id tnd/~)I; d~~liverml mo.rtgt~ge .l.t;ans m mJyM.~tc 

Bank~ FSB, pursuant to. various V..Titt~r.l agr~:em~":l1 . A.dispute has arisen between the 

P'arties wHl~ ®t wotsut tidmg demmnds fur J-e;pu.:.••chase ~1/or ndemnit . 

SpecH1~Uy~ tndy.Mac·Bank,, FS:B and l:~ldyl\>fac F~d ntl aa.t:!k~FSU rnad~ dem:ands to 

SlERRA PACIFIC far t!itpurchase and/or ndemni1:i~titi<m. based upon a finding t1f a 

breach ofthe repr~sentHtion$ and w~t~a.utle~ m: ~1rJ; E.~u ly Payment D~J:aun as set f<.mh in 

thewr:itten ~,? .een'lcnts. 

1.2 ·Without ad:n1htin:g liability, the Parttc:s de$.irt<; l;o and have t\gr.eed t{; ~eltle 

ijil[ repun::hagc nd indet:nrti:flt.ation olaim~ relating to the n"iortgage 1o.an~ which w~rc sqld 

d, ·r- ·~., !i::'[["Rr~A :t:> r.···r·r:.·,{·., · ·r I ·M D t . "''SB ·· t ····~· ()ANr.--·· 1'h · · Jret:hy uy '"··- ,. J'l.,. l 4;~<: :,,_. " UJ. :.~K .. ;. ~lC O.~Hl~ ~ t ·: (hle· ·~., . · · ;j;;··) !lptnt ~ 0 tenns ~!Jld tondi.ti9l).s her~iua:.It sct.forth. 

N()W, THER.f~}ORJi~~ in trn1sid:eratlon of th.<:~ n1utu~ ovemu~~ ~nd..prom:iscs s!i:1: 

forth bei:eln, ar:Bl f-or other gt:iod tmd vfthl.ab,le.consi(l(;;@tio:£4: ili1: :r-eee.i:Pt :md sufftdency of 

whjch ~1re. llt>:reby ~know:l~lg~>ti by (M ]>a!fti<;s. ~he P~rti e.s~ intending t~ be legaHy hound. 

agree as foll s~ 

J.3 Q.ed.tab, Tlw Rt--ciWs s~t :furth above are in:ca.tj:>QJil\te.d iJUo :the body of 

·this. SettiemwJt Agreement as tno-ugh tuHy set forth herein. 

lA ]).nynumt •1f:tht\ S~itlement Agrce~ijftt. SIERRA.1'/\CJFIC$hall pay the 

~'lt~l stnn qf.$5 .500~000.00 (five minion .f)vc hundred tho.usan~l dol:.Jar~) {tllc '~Strttle:ment 

Funds:'j. Payment ofthe SGtiiern:enrFtm.d& srnul be ·made :as to1lbw.s: 

$5 00~000.(ID (:five.hundred thousnnd dt"):litirs] -sJmH b~ rn a~e on Jul.y 1, 2009; 

Beginning August l 12009. the sum of$416/)66..67 (f:our huillh'~J siN:I:een 

thousa.tul ~-:( hitntifeti J;y s.i ;t d.oHa-rs :and si }::t)H-'~en cents):per month .slia1l be 

Sl 'f Lf.:M!t AGR:liEJI,tENT& Mt,JTI)i\L RFtnA ~ 

1 v.n 
1:rmde. for twelv~ (12:) ~£! se®:tivf? months ~tmil th~ r~r:nai.ning sum Qf 

500,(:l()0 C.KJ (five -m.iliion fh~ hQIId.red tllO~!-San:tt doU.ws) is:paid. in lull. 

Pay.meuls arc duc.onihe 1rt day offhe. sliall be mode by wi~ trnnsfer~ 

navnNti m :tr!ortg~ge ~-eco"-ert · ·- Tr~st Ao~l;Jnt,t~ Aco~-t~nt Nu:mbe:r:­

(b)(4) ntrtbe.h (b)( 

4 ---1 -- ou.ungJ:S ~¢'fcr~~e: Si:er.l"a-Pac~ fic Settlement. l

.1..5 l:tt:dctt.thificatitut Deposit. 111e FDlC 11h:al..l r.cttl.i:n any indcmnific~iti(.}n 

p:r<)c¢¢dS. that. W¢r¢ prqyiQu$1)-' d~l10$it¢d by SI:ImRA ~o clY,:M~lC B~~uk~ FS.B prior to the 

ex.ecutio:n l'.lf this S~tthmlent Agre~m.cnt. 

1.() In the event SIERRA P AClFlC ~~Jiitdts by nliHoS,to make tl timely 

pu.yma::nt M set 1brth in. thiz; Sotilcm~':ltt Agr~~mcnt tlw:.:F:CllC shAH give writt.~m.nptlce via 

:'. ~~ ~~ '.....~~...:.~~ {}f the dcfa~~\~;r.:.~:_I~~A ()ACJy ~ c/Q Mari:1l1)een at (b)(4),(b)(6) 

················ .................................................
 (b)(4) 

1. 7 SIERRA PAClFlC shall htiYe iivc ($) c~le !ldar days fl·om date ofthe 

notic¢. 't(1 cure th<l default. ln. the ev;;~H thlilt SUf:.RR,\ :J?.A.ClFlC.fai.ls t() cure the de.Hmlt 

witbjn.fivc (5) i:;~]en.d::tr d~~ys~ th~ re1n~t.inin baJ~Ince ofthe Settlement Funds will be 

inunediately d.u~e -turd paj-~bie~ and the FDIC may pJ;J.~t).~tbe 1~m~iatt\ p:t)'1J:Itrnt ;in foU of 

a.Jl &m1~ :remairung due w.ithom·:firtthe.r lkttlan.d -and r.n.ay :iiwoke all remedies pen:niued 

by applicable law. '!'he FDIC -shall be-entitkd to ·cQ).Ioot-aH e:.'4ponses incurre,d in pursuing 

tb.e r.et11edi·es provided in:thi$ ~pn, ·i.ochtdnt& hut ·not li:m.itoo to~ attorne-ys ~ fees -andCQsW l~~urroo iD. c.ollec.tin_g afl mtn:S 0\\i ne 

l-.8 . Onknowu Clai.nu. E~lch Party t\ckot~wl edge.s dl:i~t thi~ cx:0cute{l. 

si.'HI.emt":f(t and relc~ applies. to au.claim.s fhr. inj\iri.e.ii,.dan:l~lg¢s, '~r los~cs of:~uw t:r.1'c or 

nature (whether fhns~ mjtiriti!s~. d~unagcs. or leisf)cs ij~ kn~w11 or ~t!k lQWJt, thr~$¢~n ~)r 

unfbr.c~~n~ patent or latent) whiCh that l:.tnty mayhav.e.D:la\i.dnst the th~r Pm1y ~d~ing 

from. the M)ANS. B.l!lcb>P~rty h~reby ~~~prt.~~J wttivc~ l:\pplicaticn fCa.l~/iJ.tnitl Ci~,u 

Cod~? ~54J Rnd .any oth~r £i.milur s.tat:ule-<.'>r rule. 

1.9 Each P;trty certifies that th~y. have r~d tmd. ~m1en;tQ0d ~he fhlli:>wing 

p;tov.1siotl$ ofC<Jf{{i>rnic;. Cb1U C.ode §/,S4:1. whi~h state:tl ·in .pe.rtillCUlJHlTt ~tS foHows: 

"A e:ner~d T:\!L~e .d.oes not extt'-li~ ~o: clainl$ wili.t11 t:he 

.credit« does 1wt kno-w or· 5ll~-pect tG e:xjst .iri. his :or .her 

favor at ll-'~e- tim~ (;l ~~uting the rele:ase-. whiQh i!knmvn 

by him t\T her must have materially aqe~:: ~ llis or her 

settlement with: the·dehfur." 

':rrt~!l,.fENT ,~(iRf:i,FMFNT & t.rTUAt~ 11:1.8ASi:l 

~Jgt' ::! !II' f. 
l .J{} EHc.h rutytmde.rs~mds 11d ~''*PoWI(1'd e:s ~tf th~ $ignifktmce and 

co:n s~~qucncc. ~if hs \Vt:rive.r of Cal(fornia Ci~~.;{Codf,~ §lS4l i~ that even if a1w Patty sht>tiid. 

cventu.a]Jy:suffeT at}{;lit~ ::n1 a! dan1i:tg~$ q.ti~i:ng out ofthe LOANS~ the daims atJd causes of 

action. th:at were or c<rnk'f ht~V"e be~ -ass.€:rte'd. r~ ating to tlia. LOANS, or any ftipt$ 0.-r 

<;.ir~qln$t.~uc.cs related to t:he re:~mrchasc ·9f and/or indemn.i..f.:h:;atl(m 91' 1{>ss.es·a,usodated 

with the t.OANS~ that :Patty w.ill r.t\1t b:Q. ble tn m~ik~~ any claim again~t the.~~Hhet Party fbr 

thr1 .·d::m:u~g~s, Fur.t e.nnnre~ ~a.ch nckn~)wled:gc~ that they eo ii!i{.:ii.iu~l il)t¢ttd h$$~ · 

cons¢qn¢:it~;:<;s ~v~n ~s to cta:ims fir.r amag~s that may exi:st as of the date of1his rc1e.a~c 

but wru.ch that Party :do ~s. not know extsts, l\nd. wtuch~ if kno~'~J? ~'n.u.ld rnater:ially·a.ffect 

th.at Party's decision.·to ·rt7<:ecute this ~t~e, :e:g.ardt~ ofwhethe:r thal Palty"s Jack of 

no.wled is the result of gno.ranc~~ ov~r.sight~ error, negligence~ ~'Jt any ~th~r cause, 

·t.ll E~h f arty.hcrcby fi.llly1 finally~ ~n(i J{:)rcvc;."r t~~¢M¢ and di $ch~rg~ the 

1}th~r :P:artit."S~ and any an.d .an of its r.especti:v.-c past~ pr~I!-El~lt, and J.\;;ture ffill a:tcs~ 

employees~ nltm:hers~ partner~ j~int venturers~ independent co:n:ttat1.~; :at1:orney.ss 

lrnnn-ers. inv~•. wce:~.w rs~ .$.s:ignst. rc;presentativ.e~ o.'ffi~er-S. dir.ect¢113, sb~rchotd~r$., 

indep~ ~d¢.rit c~)ntnl~;:h:m.;, p:redeccsso.i~S.r. ·successor.s and. a.a:si~ns•.and tmy co.rpo:rat .o ~ 

partne.rshi.p {/r limited li.ub.ility c<.anp:1ii)' which wM qr is a~ at~Y ~h)H: th~ pm'¢nl o.r wholly 

~:rw cc;l :&lubsidiary ·f.'>.f:such t~~n tity, and any such corpO:rt:tti<m $~ parJ:n.~r.ship's or tinlhed 

liability l!.':l'mlp:¥nis offi.(lers-r. i,~ect{m~) ~n,.ploycc.s, or any ~o rporatit:m ,. pattr~el."Ship ot 

Jitrtited Hability CPnlp~y hich w.as.or i"S·an affHiru:e ofsHqh e1~i.ty by vittu~· of¢nmmon 

owner$b·ip or control~ and any such co.rporati.cm s~·p:artne:rshipis o-r limited liability 

C()f.llplitny's, officers, dire.~ tor.s~ il.l.1~1i(W rt1p.loy~~$ <d ar~d :th:Jr.u ~my and aU actions~ causes 

of ~~ctiotl;, ct~iin1s, d.t•rmmd:s. dam~~ge.$~. debt~:~ lo~scs:f.cO!!its, expen:sc&~ f11tnrne:y :fbcs ttr· :other 

liahiHti~ ~ of ~very k~n~.t und mrturc: whatsoever, wheth¢:r leg<Il <.1r ¢<Juitahle a11.d wh~tl1cr 

known or unknnwn~ ~lrisi:ng out o:J: .esul:ti~ ~g Jh.)n1, i)f Nla*Jg t(}, in :.tilYnJ ~:~:u:uer., the 

LOANS, ~hr; claims and ca.uses .of:at.'iion dlat \"'We or cnuld have.b~ lif~erted relatin_g to 

the :LOANS~ or any .futts: pt drt,:t mst~Me$ r~Ja~ed fQ tb.fo!: r~ur:chase. ofan&ar 

indc.m.nffla:atit1n~1f1o!>ses a.~-;c iat¢;~.1 with the LOANS! except that H1e FDIC retains any 

and alt tlc:tions, C~1.J.$¢.$ <Jf a~ tion, claims, de.m:a:nd~~~ dan:1a~¢S, d¢btsr: k.1~s~s~ (;0$1$~ 

expenses:, Uom~y fees. or ()thct 1hlhi ~i¢! of: ¢v¢ey khw ~tnd lt~Jr.;;,~ ~l.gn1nst THLRD 

PARTl.ES (cJ6ji>ing ~tgcu.t$, settl~mc11t a;g~ ~~S; title compfl:t~i~~~ insur~m~:~ cr>tnP~iiti¢~~ 

appr<lis~sl. ~pprn.i:Sat ~ontt?~J:ti~ thir:d ~r.ty origmat.o.rs, !lt iuS:trninte·companie-s fur any. 

afthn· frn:e:goirtg..a~ ooi1ecti:ve:ly ~ferred Go as L'1i1IRD PARTlF:S~) a:rla.i:n&·out.otur 

tch~ted. to the LOANS.. 

1.12 N~}twith<! ~trtdilig an.y9th~r pr()V:i~i ori in thi.s Settlement ~rC<Cmcnt. 

SIERRA PACtFIC immetUate1y~ e.x dus1vel }.\ and tt¢vO(;~~hly ~1ssigns t<:> the :p:r)tC any 

.and aU ohtims. tigh~' title, or interest fur illj'url:es,·d.an~~g~. or~ Q.l~~ny ::r"Pe.or 

TI:atl® (\.l,•hether UlO.s:G i:Qjur~eS~·dAmageS, otJos~ ~kuQWll O'T u..r.tkn:o\'f"I), f-orcseen:ot 

un l{):re~e.n:~ patent t)r h1tt1':rtf) which SiEH.,R,A i>.AClflC has or may hiilve aga,i.r\l'1t r:my ~1nrl 

aH THIRD PARTIES arl$htg ~Jilt ~1f t)r t'~ll~te to the LOANS. 

Sl-::'!"rLE::MENT ~GRJ Mi.N.T & MLrfUAL RELE/>£E Page~ of't 
l .JJ Notwithstat:1ding :my oUv..7.r prq"'i:sicn in this Settlemerlt greem:ent~ the 

FDlC docs. mrt. tt:lettS:et and:cxpr:essty pro~en,r.~~s JhUy and t<:> iht: :iW rt.~ tent .~~ Ifth¢ 

Settlctn~nt g.re~l'tlenthad nt>l ht.~u executed a:n.y a~tkm tl!tkcnh.y ~u1y Qther f¢!.ler~d 

agenty. In adrl.itio.t~ this ettlemenrAt:,rr~rt~ do.es·n¢t i>tm'K>rt to waive.~ o.r i11tent m 

w~ive~ any claims.vi.hkh c<:ruld he brought by the.lJnitcd Stati:if:lthrtitigh ~tither the 

Dcp.artm~ut nfJustice o.r th~ lJnited St ite~.Attomey}~ii·Ofrioc. thr any fed~tal judicial 

district.. ln addrtl.o-1h. th FOJC·spe.ci~ y·~~~·tb~ l'lgh( :s.~\:; ooun or11ered 

re~titutk~t~ plmur;lnt totht>tel:evantpmvision:s ofthe Victim and Witness Pi'('itectton Act. . c on ,., ("' .~ ·~.r. i'~"l· :·. .. . . . • ~ · · · ' ,. l ,, 1. . , . • ~ ~hh.r. ~1-. t~i :wq.; ,, •. pprt)p!.1 ~'hi!). 

1.14 Co fld.e.Dt;i:J.iU y~ E~oept as :authoti:ted .intbi:s S¢1t ~1UC!nl Agnwme:nt.. the 

Patti¢$ ~1gr.e~ :ba~ u~ith~'f they nor .ru::ry,;nw ~~cting on their :beh~U~ including their 

rcsptn::tive attomeyS1 wiJ£ ~(;l!JSC: to ~f')y l:l¢ .i!Ul.Y h~ lbmiation ·rehning·tn~ in any way, the 

CPlJ.t~11t o:r t.emtS·{1J1his S:et.tlcn1ent ;\;J:~Jle.J.lt,- the Ii:lct.o.ftWs. sett :et~il!l flt, or ~11Y matters 

pertaining: to this settlcm er.t ~, in~ludiug its. ncgo.t1ri.tinn, 'lrt:\II!lSs uch d'is,ci(>!;;Ure ~s.: :(1) 

lawfully r~'Xlnired by any govenunentalagcnc.y; ·(2) (.'>~h¢rwise reqt ~t~~! by 1aw{i'ncluding 

legally r¢tl%Jire<;l :11num::inLreporting or .other is losure~); (3) e~:~~ss:ary in .any l.egal 

proceeding crwU'ection effort tnitilll:t~.d ·bY the.FPIC to- ~b:ve.r: ~u or m:~y portion of.the 

S¢~tl~Jhe.~l1tFtmds~ t;r (4} :necessary in.any l~gal. proceeding to ~nfhrce any pr,·wision t)f 

thi~ ettle:n:nJ<tlt A~tecmc t h~ P. rt es may disclose. thl'.l te-rms \rf thl.s t.1H~I:Of} t 

...A.gr¢¢ment to. tltei1: t~x,x.ct v.c auditarsJ acoo~h~tit$s tax.a.d;yis s~. ~nd legal counse ~ hLH: 

Qtdy tQ tb~:~ eni n.'Quired fclr·pro.fusstonal advice from those sott;rc~~ an~ <mtY.' ~ft~r 

secJ.u:hl!iPI <.n m1~tm~nl fh.'Hn th~$<,? r<J.J~$s i(>r al~: to maintain the. e<!lniidc:ritia.lity·o:f thi~ 

Se.U1e.rnent .A.grcemt..mt, as :r.eqtt t~d ?.Ibtwe~ to the greatest ,x tetu p.<.l ssihl~ £::()J ~si~ ring the 

p:urpostdhtwbi.c.h th~ te(m.B: pfthe S-ettl:em.e.tlt Agr.eetn ~nr:ate neeqed by. (busa 

p.mfessi('lnals. 

1.15 Conditions ofRxec.udon. Ea~~ ~,arty..ackoowl¢dge$ ·fl.lld ~~rnn1.ts that its 

exe.c.u.tion of thi$ Sdtl~e.ilt Agreement ~:s ·:free atld voluntary. 

J.l6 Nu dmi~h.m.. It is a~'T.c d that ll() Party hereto adtrtits. liabi.li(y or 

\VI'O.ngdoing. u.fm:t}!lJ.at\tr¢.. and that this: ScllJer.:nent Agre-e.m:en:J.:. ·I$ (l as~. <;O.roprom.ise 

ofdi&f"llted dain1S.. 

1.17 1\1a.ir M~~n iug! The Pl!l:tt i~ r~~o f.uHh ragt~e th~t the hmgu:age of aU 

pam of th.i.s. Se.UJen'lent Agr~"tl:umt shall in all cMes ~construed as a who!~•.acoording to 

lt1!> fnr.r meaning~ and ~;t s.tric'tly f\'>r o.r ~gai s.t anyofthe :P:!Ltties. 

1.18 (;ov~ruin trw. Th ..Pa ic~ gr¢~ tQ ~ubmit tu. the Ct~urtstlf:the. City 

anrl Coanty uf.:Lt:~s Angdes, Califomia, . .fo:r any sput~ ar.i.sL11gout~fihis Setiipme:nt Ag:reerr1e.nt~ {)i. .related t6~r tq, and c<>li$ent t~Yth e.jmisd etion of s:aio C<xurts and urth~r 

agt-~ that any iUltf aU m~llters of -i.Hsplite hall be djudi c;~t;cd.• <:w~rn ed and cuntmll~d 

under CaliJbrn:ia law. 

~tn'':ft ~~1 f.~;N 'r A(f~ErtMB:N & MU'llf.A L RI~U~A~i;; 

. P.ji..':\ ~ <~J.0 
1.:19· .A:ttor.n~~' eeS~ Should any action b~ ~::orJltn ellQ~d t-<;I ~f:or-cc:, interpre.1;1 

or ~e:~ mn.~ges, injuru:tive reHef~ or·sp£ci:fie: performance fur viohrtioo ofth:i:s Settlement 

Agre ment~ th~ :pt('!v Hiilg.·~any ~hall.i.l : ~. ditl.oh tv any other available rel ie ~ be entitled 

tn an award of re~sonahl~ uttu c:l ~ :fees and Hti:g i(.m ljXpcn ~: h:Nurrc-d in the 

pr<.)Jif;cuth:m or dcft.":T:l.sc of the:ac tlim~ h1el:nding any ppc~d . 

.1 •.20 Sev~ ab.iU(y~ h~ Pfi;rtj~s:he.r:eto agn~e tb.t if any prnvisiun.o.fthis 

S~tH~mcnt Aireetm~nt is: dechm:~d by tmy court f~ be. lleg~ll <1t ii-.:v$Hd, ~h~ validity nf ~ 

~iiimtlir.tlng; pacts, ¢.ti ~ Qf 'j:m.nris.ions. shal:lnnt. ~ ff~ctc thcr. hy~ :and such I.Ht:.gul or 

i.nvall:d p~~ tern1 orprovi.sltm sl1ruJ be deemed net t:Q p~rt of1his Settlement. 

Agreement 

l.::n :Oiudlng Effect. 'Ihi!i ScH1emcmt Agreement shall be binding upon ::md 

inure tD h.~ benefit of tllc P.~rti~s in~i J:f.jt~:r tc~ e<;ti v¢ 'h~i.;I¥.~ ~;:rsQnal repr:cse.ntatlves?. 

~UC'CeSSi>~t art.d aMtgt!S.. 

l~ Z .Rf.view a.n.d d~~,~~an:d.i:ng, The Plilrtie~ havt!! ent~r.od into th:h~ 

Scttlcm()nt A,g:r¢eu).¢nt ~mta Hy~ having..fuJl.y .c~ul and. fully \Ul. ¢:t~tnildl. the. rnc ing 

l.U~ci:~ffect of:.:1ll ofits terrns <i:r1d. pn:n sion.s~ and tirlty tln\te s.Utn~i~g: its:and ~~ir C0$1$

:md risks. ~~h ofth¢ Patti¢S lms cut\SuHe.d with legal e.o.unsel conceming.thi.~ Settlemeu.t 

Agreement and h~s comh f...'tl such inquiry a!; they <i~eti1 nec~s~ry d adviai-\ble- prier to 

entcri Ltg int<; ntis SetUcm.c:nt: Agreement. T he P::1r.tier:; c:nt:cr in thi$ ettlem nt 

Agrc~n~~ut ltOd.ershmding that Jhcts{)f Ol~et <::ir:c~tnist~~¢..S r:nay exist which t'r.e prcsenHy 

w.Ua.loVf1l or ooimcl~{4 Dr~...·hir.:h. are.di.fferent frol~ ur other Uuu1 1hose whi~ they 

bd.icve. to he t'he r;as:¢i ~n<J, th~ P41ties-:vo.lnritarlly assume aH.tisks ~t ndantt such 

t1t1knnwn, nndisclosed~ d.U1:~n.m;t, or additi al facts or·otb::r 9i ro mst:;~n<;Jes. 

1.lJ Appr.<tv;d.; Anth.{tdty £t:n\I Noous.-s eat. The P'arties r~->pr. ~nt aJld 

~"atrnfi{ to .Utle Molhtr that'the. ~w.rovat of this St.1tkmen1 Agr;eemcnt has been 

und.crt:iikc.n. in.apr:oper :m:tf 1awru1 an n~r m1(Lth t .(hcy have tb¢ .r~ ui~ite p<)\Yer.~ d 

~mh rlty tP e.uter into "nd. to pe.dhnti ir obligations 'tmde:r hi~ Se lio.~m cnt .Agn~c me.nL 

·Hxcept ~ expressly statt!d ·tn this t:)ttllil:Pl~lt gr(l<lnl nt, e~ ''~h Party warranis and 

tepres.ents that it hM oo-t soJ.IL assigned._~J.te4 o:r tr:f:tllsferroo to ~ny atherp:<!rSon,. 

corporate ar F,1atn:tat, or t<Hn'J' ntlty~ iUiy'.Chtin1. action,. de ru:~d . ~>r cmJse.:: ofactlxm 

rol~al'icd. ythi s. ttl~m ~nt: Agreement. h~ FDI(;: th~bcrw l~~ nd e.p ~se ts that it 

bas ri.9t<'li ~t~ owns·and/or :has th~Z ti.ghts. to s:ct.tlc and r~l¢~$~ ;~1 i. repurcha~ .and 

Ultiem:nH:ic.a1:km dai:m.s reiat ing. d1e:LOANS. 

1.2.4 :Number. \Vh:~n:¢v~r ~tJ~pl.ic b{c, the· e:ingular shaJl iU<:iludc ~h~ t~lut.u ~ ~1ml 

the plural shall nc lnd~th!!i ·s:in ular. 

1.2S Cfiunt:tr:p~tt$/Eutu .. This :Settlement.Agreettumt may ee~~ 

tn one o.r mor:c·¢ott rp(:l:rts ~ ~n Qr which :sinaJt thr.m..~l single ::rgreement A Partyts 


SI TU.E ENT A(:l~ t:; P.MEN'l' .ili:; Ml)Tt!AI;. f.:t f.;AS(~ 

Pa~ s·ilf1 
sig 11Ur(~ ()11 thi~ Sct <m.~ent A.gre~m~nt by fhcsimilc shall bt) valid and ffe t1v.e ihr HH 

ptlrposes san ~ld.gjnalliligrmlur{;,, providedt howeve1~ that thu original siglltthm:) shaH ~ 

prodm::et~ upon rcques!:. · · 

1.2:6 \Vaive.r. 'N() tc:r.m or {~ond.i o.n.of this. S.ettlentl!!:ilt. Agre(."J'n~nt shaH be 

d~ern d ~<J have.. been aived~ nor shall there h~ art ~stoppel ~tin$t the en.Ri.trcenltmt qf 

'tnY ~ro 'isi on ofthis Se: tte.n.1~nt A.gn~t.nr~~~t.! ¢x-cept l?y wr:i.tt~:l) instnm~~~~t:s siined hy th.c 

P~rty. chnrged \vith the. ·w·niver or. estoppeL N~ w.ritt~n wai v~r h~1U bt."t. dc-cm:ed a 

«li1ti.rt1li:rtg \'ilai.Y~t unl(;$$ $pi%iii.h:-aUy ~ittted tht~rei~ and llie written waiV!i!n>haJ.l :operate 

onty as to t:he:spec-ific term or: conditio-n w~ veds and·not :lfo.r·the f\rt.i.tt'~ or M 't'Q any ot.b.~ 

n.ct than that s.p:ec1ficaHy wai¥:cd. 

f ~1.1 ne~db s. J h.; headinglii ~'f paragn\phs het ein at£: h:ncndt..>d.so'!ely tbr the 

c.on ni e:nc ofref~re.l).t~e and hall nQt control tlle rn~mii ng ~~r ii1terpt¢.tidt~1n, 9.f~ny onh~ 

pnwis;~omH>fthls. Settlement Agreement 

1.28 5-u.bs~lll.ent Ag:ree ~nt"$. The h rties. agree that; upon tlu: reasonable 

rc(tncst oftho other j:>,\rty., they 1)ha.U ex ~"Cutc, ackn~wledge~ ~l:n.d deliver ~my dditio.md 

instntment$ <~r dQt~um ts that .m~w.rt.:asn ably be r~qui red. to. carry out the..intetlttf)ns of 

tbi~ Settlement Agreci·n~n;t.l iHcludiJ)g $UPh instrnni¢t~t~ .$1! IJ .~iy bj',!r¢quir¢.d hy the laws tJ.f 

~UlY jurisd:ktio.n,.J1(}Win eff:ect or b. rcin~fter ~uact,ed, tlu~ . m~y affccHbc :rights of the 

Pm1i~ M ·between i:l'leulselves cn··~'S wi:tl1 respect to lheir rights and obligatiO:il$. 

cn:(1ted by tl:tis. Settl~)lt:nt Agr~m~nt 

.1.29 Eistir.~ Agreement. The Parties hereto fnr.thcr agree and protnisc thf!lt t.hiH 

s~n r~:en~ .Agrc~Ju~n ~t.S: ib~ the entire .agr:ecrnenr hctw~e-n and ~m1i.">n.g tho Parti~ and 

fii1Jy $ttpen;ed~~ any and.-tdl p·,ri.or ru:goti ~~c icm~.: ~i,g!e47ner;Js ~ und~Jstmtdin&J ':mule 

l~een orrunong the Parties. ThiS·Sdtl.eJ,'nent Agreem~nt :shall oot't}e .modifi.ed;except 

in a 'i!.~iting signed. by tt,l~ :Pltrries. ~::~nh~lr au~hod7,;ed r~pr¢~entativc.s. 

SE:TT'l.EMENT A.Q Efi!MBW.~'.&: M'l,.,iTUAL.llEJ..£.A.SE 

:PQ.g,;; h~n 
(b)(6) 

IN \:VlTNEBS \VHEREOF~ and in~-rld:ing to he L"e~J~y 'hound. hereby. the Parties 

have exect1ted this Settlement Agr~~ t:~f th~ dtt~~ ~t "f~ J:h in !h~ op<mmg p.W"a.grnph 

of'this Scl.tlerrteJ'ti..A~tnent '-:" ... 

k..Pf ~ Tbe :FDIC as Reee-iverof For. Sierra :Pad:fk M~1 tgag~ Co.! ru.~. 

:tndy:l'r.rae ~' titl Bank~t FSB t'ka 

ht:dv:Mac Bank., F'SB ~ .· .. 

...Jsy;..........J.L-............................ _ _.... ____.~ By:


Nume~ ..JS;5.~~.4.Y.~ ..?.:.~.~-~i.~S....mm"~~·m Narm~.~ ........................................... 

itle~ ...... .... ...~.: ;~t~"""·...... \ __~~.. .............. Title:. 

Date: 

St~'ITtEMENT AGREEMHNT &.MU'I"'.)AI..RE!.:I.,f.!.AS~1, 

p,~~~i.;: 7 ~f7 
IN \VITNF.~SS \VIIRIU:tU~\ and intitnding tube l~gaUy bound hcrc:hy~ the PHrtks 

.httvt .ex.~cntcd this •settlen1~nt·Agreement a~ nfthe dme ·~et fbrth in the >>pei:t1ng p~r.:tgtaph. 

l)f . . . . . . . . . . 1hh: Sentcrn~nt A~"r'tierne~1t <:l· ...... . 

1'he t'lllC as Rc~civ~r 1'f 


.lndy1\',b.: Federal llank1 ~Hl fk~ (b)(6)

lndyM~J.~ J!nn~ FSU ···························· 

'Tl.tle: 

$F'lTl,E;>.IENT AGREEMENl M.iifU/i}, HV!.,EiJ..SF 

f'iil.l.~ 7 N'7