Document:

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                                                                     Exhibit 4.2

              -----------------------------------------------------

                                PULTE CORPORATION

                        --------------------------------

                              INDENTURE SUPPLEMENT

                          DATED AS OF FEBRUARY 21, 2001

                                       TO

                                    INDENTURE

                          DATED AS OF OCTOBER 24, 1995

                        --------------------------------

                          BANK ONE TRUST COMPANY, N.A.

                                     TRUSTEE

              -----------------------------------------------------

                             SENIOR DEBT SECURITIES
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         INDENTURE SUPPLEMENT dated as of February 21, 2001, among PULTE
CORPORATION, a Michigan corporation ("Company"), located at 33 Bloomfield Hills
Parkway, Suite 200, Bloomfield Hills, Michigan 48304, BANK ONE TRUST COMPANY,
N.A., as Trustee ("Trustee"), PULTE HOME CORPORATION ("Pulte Home"), and the
direct and indirect wholly-owned subsidiaries of Pulte Home set forth on the
signature pages hereto (Pulte Home and such subsidiaries and, as applicable, any
successor who replaces such Guarantor pursuant to the applicable provisions of
this Indenture Supplement and the Indenture (as defined below) and, thereafter,
such successor, all together the "Guarantors").

                                    RECITALS

         The Company has heretofore executed and delivered to the Trustee that
certain Indenture, dated as of October 24, 1995 (hereinafter the "Original
Indenture" and as amended by the Indenture Supplement dated as of August 27,
1997, the Indenture Supplement dated as of March 20, 1998, the Indenture
Supplement dated as of January 31, 1999, the Indenture Supplement dated as of
April 3, 2000 and this Indenture Supplement, hereinafter the "Indenture"),
pursuant to which one or more series of unsecured debenture, notes or other
evidences of indebtedness of the Company (hereinafter, the "Securities") may be
issued from time to time.

         Section 901(6) of the Indenture provides that a supplemental indenture
may be entered into by the Company and the Trustee without the consent of any
Holders to make provisions to establish the form or terms of Securities of any
series as permitted by Sections 201 and 301 of the Indenture.

         Pursuant to the terms of Section 901(6) of the Indenture, the Company
desires to provide for the establishment of the form and terms of a new series
of its Securities to be known as its 8.125% Senior Notes due 2011 (hereinafter,
the "Notes").

         Section 901(9) of the Indenture provides that a supplemental indenture
may be entered into by the Company and the Trustee without the consent of any
Holders to make provisions with respect to matters arising under the Indenture
which do not adversely affect the interests of the Holders of the Securities of
any series in any material respect.

         Section 901 of the Indenture also permits the Company and the Trustee
to execute supplements to the Indenture for the purpose of adding guarantors of
the Guaranteed Obligations and to add to the covenants of the Company or any
Guarantor for the benefit of the Holders of all or any series of Securities or
to surrender any right or power conferred upon the Company or such Guarantor
without the consent of any Holders.

         The Company has furnished the Trustee with (i) an Opinion of Counsel
stating that the execution of this Indenture Supplement is authorized or
permitted by the Indenture and (ii) a copy of the resolutions of its Board of
Directors certified by its Secretary, pursuant to which this Indenture
Supplement has been authorized.

         All things necessary to make this Indenture Supplement a valid
agreement of the Company and the Trustee and a valid amendment of and supplement
to the Indenture have been done.
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         NOW THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

         For and in consideration of the premises and the mutual covenants and
agreements contained herein, it is mutually covenanted and agreed, for the equal
and proportionate benefit of all Holders of the Notes, and, as to Articles III,
IV, and VI, all Securities or of series thereof, as follows:

                                   ARTICLE I

                                  DEFINED TERMS

         SECTION 1.01. Defined Terms. Except as otherwise expressly provided in
this Indenture Supplement or in the form of Note attached as Exhibit A hereto or
otherwise clearly required by the context hereof or thereof, all capitalized
terms used and not defined in this Indenture Supplement that are defined in the
Original Indenture shall have the meanings assigned to them in the Original
Indenture. For all purposes of this Indenture Supplement:

         "Certificated Note" has the meaning set forth in Section 2.04 hereof.

         "Closing Date" means February 26, 2001.

         "Depositary" means, with respect to the Securities of any series
issuable or issued in whole or in part in the form of one or more Global
Securities, the clearing agency registered under the Exchange Act, specified for
that purpose as contemplated by Section 301 or any successor clearing agency
registered under the Exchange Act as contemplated by Section 305, and if at any
time there is more than one such Person, "Depositary" as used with respect to
the Securities of any series shall mean the Depositary with respect to the
Securities of such series.

         "Global Notes" has the meaning set forth in Section 2.04 hereof.

         "Global Security" means a Security bearing the legend specified in
Section 204 (as added hereby) evidencing all or part of a series of Securities,
issued to the Depositary for such series or its nominee, and registered in the
name of such Depositary or nominee. Unless otherwise specified, references to a
permanent global security in this Indenture shall include any Global Security.

          "Global Securities Legend" means the legend set forth on the form of
Note attached as Exhibit A hereto.

         "Notes" means any of the Securities of the series designated in the
third paragraph of the recitals hereof and Section 2.01 hereof that are
authenticated and delivered under the Indenture. For all purposes of the
Indenture, the term "Notes" shall include the Notes initially issued on the
Closing Date and any other Notes issued after the Closing Date under the
Indenture. For purposes of the Indenture, all Notes shall vote together and
otherwise constitute a single series of Securities under the Indenture.

         The parties hereto acknowledge that certain terms are defined in both
the Original Indenture and in this Indenture Supplement. The parties hereto
hereby agree that, unless

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otherwise expressly stated or the context otherwise requires, any term which is
defined in both the Original Indenture and in this Indenture Supplement, when
used with respect to or in the certificates evidencing the Notes, shall have the
meaning set forth in this Indenture Supplement.

                                   ARTICLE II

                               TERMS OF THE NOTES

         SECTION 2.01. Establishment of the Notes. There is hereby authorized
and established a series of Securities designated the 8.125% Series Notes due
2011, limited in aggregate principal amount to $200,000,000 (except as provided
in Section 301(2) of the Original Indenture); provided that the Company may,
without the consent of the Holders of the Outstanding Notes, "reopen" this
series of Securities so as to increase the aggregate principal amount of Notes
Outstanding in compliance with the procedures set forth in the Indenture,
including Sections 301 and 303 thereof, so long as any such additional Notes
have the same tenor and terms (including, without limitation, rights to receive
accrued and unpaid interest) as the Notes then Outstanding.

         SECTION 2.02. Terms of the Notes. The Stated Maturity on which the
principal of the Notes shall be due and payable shall be March 1, 2011.

         The principal of the Notes shall bear interest at the rate of 8.125%
per annum from February 26, 2001 or from the most recent Interest Payment Date
to which interest has been paid or duly provided for, payable semi-annually in
arrears on March 1 and September 1 (each, an "Interest Payment Date") in each
year, commencing September 1, 2001, to the Persons in whose names the Notes (or
one or more Predecessor Securities) are registered at the close of business on
the February 15 or August 15 immediately preceding such Interest Payment Dates
(each, a "Regular Record Date") regardless of whether such Regular Record Date
is a Business Day. Any overdue principal of and premium, if any, on the Notes
and any overdue installment of interest on the Notes shall, to the extent
permitted by law, bear interest at the rate of 8.125% per annum.

         Interest on the Notes shall be calculated on the basis of a 360-day
year of twelve 30-day months.

         No additional amounts will be payable on any Notes held by a Person who
is a non-United States citizen in respect of any tax, assessment or governmental
charge withheld or deducted.

         The Borough of Manhattan, in The City of New York is hereby designated
as a Place of Payment for the Notes; and the place where the principal of and
interest on the Notes shall be payable, where Notes may be surrendered for
registration of transfer and exchange, and where notices and, if other than in
the manner provided in Section 105 of the Original Indenture, demands to or upon
the Company in respect of the Notes may be served, shall be the office or agency
maintained by the Company for that purpose in the Borough of Manhattan, in The
City of New York, which initially shall be the office of the Trustee located at
14 Wall Street, 8th Floor - Window 2, New York, New York 10005, Attention:
Corporate Trust Administration.

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         The Notes shall be subject to defeasance and covenant defeasance at the
option of the Company as provided in Sections 1401, 1402 and 1403 of the
Indenture; provided that, without limitation to the provisions of Sections 1401,
1402 and 1403 of the Original Indenture, the provisions of Section 308 and of
Article V of this Indenture Supplement shall survive any such defeasance or
covenant defeasance and remain in full force and effect.

         The Notes shall have such other terms and provisions as are set forth
in the form of Note attached hereto as Exhibit A (all of which incorporated by
reference in and made a part of this Indenture Supplement as if set forth in
full at this place).

         SECTION 2.03. Denominations. The Notes shall be issued in denominations
of $1,000 and integral multiples thereof.

         SECTION 2.04. Form. The Notes shall be in substantially the form set
forth in Exhibit A hereto, with such changes therein as may be authorized by any
officer of the Company executing the Notes by manual or facsimile signature,
such approval to be conclusively evidenced by the execution thereof by such
officer.

         The Notes shall be issued as Registered Securities without coupons.

         The Notes shall be issued initially in the form of one or more
permanent Global Securities ("Global Notes"). The initial Depositary for the
Global Notes shall be The Depository Trust Company. The Global Notes shall be
registered in the name of the Depositary or a nominee of the Depositary and
deposited with the Trustee, as custodian for the Depositary.

                                  ARTICLE III

                             ADDITION OF GUARANTORS

         SECTION 3.01. The following companies are hereby added as Guarantors of
the Guaranteed Obligations under the Indenture:

                         Pulte Homes of Michigan I L.P.

                          Pulte Homes of New York, Inc.

                    Pulte Communities NJ, Limited Partnership

                     Pulte Homes of NJ, Limited Partnership

                     Pulte Homes of PA, Limited Partnership

                       Pulte Michigan Holdings Corporation

                          Pulte Michigan Services, LLC

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                                   ARTICLE IV

                     APPLICATION OF AMENDMENTS TO INDENTURE

         SECTION 4.01. Amendment to Definition of "Bank Credit Facility" in the
Original Indenture. The definition of "Bank Credit Facility" in Section 101 of
the Original Indenture is hereby amended and restated as follows:

         "Bank Credit Facility" means the Credit Agreement, dated as of August
         31, 2000, by and among Pulte Corporation, material subsidiaries of
         Pulte Corporation as guarantors, Bank of America, N.A.
         (successor-in-interest to Nationsbank, N.A.), as administrative agent,
         Bank One, N.A. (formerly known as The First National Bank of
         Chicago), as syndication agent, Comerica Bank, as co-agent, Bank of
         America Securities LLC, as arranger, and the other lenders named
         therein, and any related documents (including, without limitation, any
         guarantees or security documents), as such agreements (and such related
         documents) may be amended, restated, supplemented, renewed, replaced or
         otherwise modified from time to time, including any agreement extending
         the maturity of or refinancing or refunding all or any portion of the
         Indebtedness or increasing the amount to be borrowed under such
         agreements or any successor agreement, whether or not by or among the
         same parties.

         SECTION 4.02. Amendment to Definition of "Permitted Holder" in the
Original Indenture. The definition of "Permitted Holder" in Section 101 of the
Original Indenture is hereby amended and restated as follows:

         "Permitted Holder" means (i) William J. Pulte, (ii) any of his
         respective Affiliates, parents, spouses, descendants, and spouses of
         descendants, (iii) any trusts or other entities controlled by Mr. Pulte
         and (iv) in the event of the death or incapacity of Mr. Pulte or any of
         the persons referred to in clause (ii) above, their respective estates,
         heirs, executors, administrators or other personal representatives.

         SECTION 4.03. Form of Legend for Global Securities. A new Section 204
is hereby inserted in Article Two of the Original Indenture as follows:

         Section 204. Form of Legend for Global Securities. Any Global Security
         authenticated and delivered hereunder shall bear a legend in
         substantially the following form:

                  This Security is a Global Security within the meaning of the
         Indenture hereinafter referred to and is registered in the name of a
         Depositary or a nominee of a Depositary. This Security is exchangeable
         for Securities registered in the name of a Person other than the
         Depositary or its nominee only in the limited circumstances described
         in the Indenture, and no transfer of this Security (other than a
         transfer of this security as a whole by the Depositary to a nominee of
         the Depositary or by a nominee of the Depositary to

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         the Depositary or another nominee of the Depositary) may be registered
         except in such limited circumstances.

         SECTION 4.04. Amendment to Section 301 of the Original Indenture.
Section 301(20) is hereby redesignated as Section 301(21), and a new Section
301(20) is hereby inserted in Article Three of the Original Indenture as
follows:

         (20) whether any Securities of the series are to be issuable in whole
         or in part in the form of one or more Global Securities and, if so, (a)
         the Depositary with respect to such Global Security or Securities and
         (b) the circumstances under which any such Global Security may be
         exchanged for Securities registered in the name of, and any transfer of
         such Global Security may be registered to, a Person other than such
         Depositary or its nominee; and

         SECTION 4.05. Amendment to Section 305 of the Original Indenture.
Section 305 of the Original Indenture is hereby amended and restated but only
insofar as it relates to the Notes and any other series of Securities originally
issued after the date hereof (unless otherwise expressly provided pursuant to
Section 301 of the Original Indenture with respect to the Securities of any such
other series), to append the following paragraph at the end thereof:

         Notwithstanding the foregoing, except as otherwise specified as
         contemplated by Section 301, any Global Security shall be exchangeable
         pursuant to this Section 305 or Sections 304, 306, 906 or 1107 for
         Securities registered in the name of, and a transfer of a Global
         Security of any series may be registered to, any Person other than the
         Depositary for such Security or its nominee only if (i) such Depositary
         notifies the Company that it is unwilling or unable to continue as
         Depositary for such Global Security or if at any time such Depositary
         ceases to be a clearing agency registered under the Exchange Act, and,
         in either such case, the Company does not appoint a successor
         Depositary within 90 days thereafter, (ii) the Company executes and
         delivers to the Trustee a Company Order that such Global Security shall
         be so exchangeable and the transfer thereof so registrable or (iii)
         there shall have occurred and be continuing an Event of Default or an
         event which, with the giving of notice or lapse of time, or both, would
         constitute an Event of Default with respect to the Securities of such
         series. Upon the occurrence in respect of any Global Security of any
         series of any or more of the conditions specified in clause (i), (ii)
         or (iii) of the preceding sentence or such other conditions as may be
         specified as contemplated by Section 301 for such series, such Global
         Security may be exchanged for Securities registered in the name of, and
         the transfer of such Global Security may be registered to, such Persons
         (including Persons other than the Depositary with respect to such
         series and its nominees) as such Depositary, in the case of an
         exchange, and the Company, in the case of a transfer, shall direct.
         Notwithstanding any other provision of this Indenture, any Security
         authenticated and delivered upon registration of transfer of any Global

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         Security shall also be a Global Security and bear the legend specified
         in Section 204.

         SECTION 4.06. Amendment to Section 308 of the Original Indenture. The
following paragraph is inserted before the first paragraph of Section 308 of the
Original Indenture:

         No holder of any beneficial interest in any Global Security held on its
         behalf by a Depositary (or its nominee) shall have any rights under
         this Indenture with respect to such Global Security or any Security
         represented thereby, and such Depositary may be treated by the Company,
         the Trustee, and any agent of the Company or the Trustee as the owner
         of such Global Security or any Security represented thereby for all
         purposes whatsoever. Notwithstanding the foregoing, with respect to any
         Global Security, nothing herein shall prevent the Company, the Trustee,
         or any agent of the Company or the Trustee, from giving effect to any
         written certification, proxy or other authorization furnished by a
         Depositary or impair, as between a Depositary and such holders of
         beneficial interests, the operation of customary practices governing
         the exercise of the rights of the Depositary (or its nominee) as Holder
         of any Security.

                                   ARTICLE V

                             ORIGINAL ISSUE OF NOTES

         SECTION 5.01. Notes. Notes in the aggregate principal amount of
$200,000,000 may be executed by the Company and delivered to the Trustee for
authentication and the Trustee shall thereupon authenticate and, on the Closing
Date, deliver said Notes upon a Company Order without any further action by the
Company.

                                   ARTICLE VI

                                  MISCELLANEOUS

         SECTION 6.01. Ratification. This Indenture Supplement shall be deemed
part of the Indenture in the manner and to the extent herein provided. Except as
expressly amended hereby, the Indenture is in all respects ratified and
confirmed and all the terms, conditions and provisions thereof shall remain in
full force and effect.

         SECTION 6.02. Counterparts. This Indenture Supplement may be executed
in any number of counterparts, each of which so executed shall be deemed an
original, but all of such counterparts shall together constitute but one and the
same instrument.

         SECTION 6.03. Governing Law. This Indenture supplement shall be
governed by and construed in accordance with the laws of the State of New York,
without regard to the principles of conflicts of laws.

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         IN WITNESS WHEREOF, the parties hereto have caused this Indenture
Supplement to be duly executed as of the day and year first above written.

                                  BANK ONE TRUST COMPANY, N.A.
                                  as Trustee

                                  By:  /s/ Jeff Eubank
                                       -----------------------------------
                                        Name: Jeff Eubank
                                        Title:       Agent

                                  PULTE CORPORATION

                                  By:  /s/ Bruce E. Robinson
                                       -----------------------------------
                                        Name:  Bruce E. Robinson
                                        Title: Vice President

Attest: /s/ Vincent J. Frees

                                  Abacoa Homes, Inc.,
                                  a Florida corporation:

                                  American Title of the Palm Beaches Corp.,
                                  a Michigan corporation:

                                  American Title of the Palm Beaches, Ltd.,
                                  a Florida corporation:

                                  Carr's Grant, L.L.C.,
                                  a Maryland limited liability company:

                                  Devtex Land, L.P.,
                                  a Texas limited partnership:

                                  DiVosta and Company, Inc.,
                                  a Florida corporation:

                                  DiVosta Building Corporation,
                                  a Florida corporation:

                                  DiVosta Homes, Inc.,
                                  a Florida corporation:

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                                  Florida Building Products, Inc.,
                                  a Florida corporation:

                                  Florida Club Homes, Inc.,
                                  a Florida corporation:

                                  Hammock Reserve Development Company,
                                  a Florida corporation:

                                  Harrison Hills, LLC,
                                  a Maryland limited liability company:

                                  Homesite Solutions Corporation,
                                  a Michigan corporation:

                                  Island Walk Development Company,
                                  a Florida corporation:

                                  One Willowbrook L.L.C.,
                                  a Maryland limited liability company:

                                  PB Ventures L.L.C.,
                                  a Michigan limited liability company:

                                  PBW Corporation,
                                  a Michigan corporation:

                                  PC/BRE Development L.L.C.,
                                  a Delaware limited liability company:

                                  PC/BRE Springfield L.L.C.,
                                  a Delaware limited liability company:

                                  PC/BRE Venture L.L.C.,
                                  a Delaware limited liability company:

                                  PC/BRE Whitney Oaks L.L.C.,
                                  a Delaware limited liability company:

                                  PC/BRE Winfield L.L.C.,
                                  a Delaware limited liability company:

                                  PC/Palm Beach, Inc.,
                                  a Michigan corporation:

                                  PN I, Inc.,
                                  a Nevada corporation:

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                                  PN II, Inc.,
                                  a Nevada corporation:

                                  Pulte Communities NJ, Limited Partnership,
                                  a Michigan limited partnership:

                                  Pulte Development Corporation,
                                  a Michigan corporation:

                                  Pulte Home Corporation,
                                  a Michigan corporation:

                                  Pulte Home Corporation of New England,
                                  a Michigan corporation:

                                  Pulte Home Corporation of
                                  the Delaware Valley,
                                  a Michigan corporation:

                                  Pulte Homes of Greater Kansas City, Inc.,
                                  a Michigan corporation:

                                  Pulte Homes of Michigan Corporation,
                                  a Michigan corporation:

                                  Pulte Homes of Michigan I L.P.,
                                  a Michigan limited partnership:

                                  Pulte Homes Minnesota Corporation,
                                  a Minnesota corporation:

                                  Pulte Homes of NJ, Limited Partnership,
                                  a Michigan limited partnership:

                                  Pulte Homes of New York, Inc.,
                                  a Michigan corporation:

                                  Pulte Homes of Ohio Corporation,
                                  an Ohio corporation:

                                  Pulte Homes of PA, Limited Partnership,
                                  a Michigan limited partnership:

                                  Pulte Homes of South Carolina, Inc.,
                                  a Michigan corporation:

                                  Pulte Homes of Texas, L.P.,
                                  a Texas limited partnership:

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                                  Pulte Homes Tennessee Limited Partnership,
                                  a Nevada limited partnership:

                                  Pulte Land Company, LLC,
                                  a Michigan limited liability company:

                                  Pulte Land Development Corporation,
                                  a Michigan corporation:

                                  Pulte Lifestyle Communities, Inc.,
                                  a Michigan corporation:

                                  Pulte Michigan Holdings Corporation,
                                  a Michigan corporation:

                                  Pulte Michigan Services, LLC.,
                                  a Michigan limited liability company:

                                  Pulte Payroll Corporation,
                                  a Michigan corporation:

                                  Pulte-IN Corp.,
                                  a Michigan corporation:

                                  Radnor Homes, Inc.,
                                  a Michigan corporation:

                                  Riverwalk Commerce Acquisition Corp.,
                                  a Michigan corporation:

                                  Riverwalk of the Palm Beaches Development
                                  Company, Inc.,
                                  a Florida corporation:

                                  RN Acquisition 2 Corp.,
                                  a Nevada corporation:

                                  Sean/Christopher Homes, Inc.,
                                  a Michigan corporation:

                                  Village Walk Development Company, Inc.,
                                  a Florida corporation:

                                  Wilben, LLP,
                                  a Michigan limited liability partnership:

                                  Wil Corporation,
                                  a Michigan corporation:

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                                  By:  /s/ Bruce E. Robinson
                                       -------------------------------------
                                       Authorized Signatory for each of the
                                       Guarantors

                                        Attest:

                                  By:  /s/ Vincent J. Frees
                                       -------------------------------------
                                       Authorized Signatory for each of the
                                       Guarantors

                                       12<PAGE>   1
                                                                     Exhibit 4.3

         Unless this certificate is presented by an authorized representative of
The Depository Trust Company, a New York corporation ("DTC"), to the Company or
its agent for registration of transfer, exchange or payment, and any certificate
issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment hereon is made
to Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

         This Security is a Global Security within the meaning of the Indenture
hereinafter referred to and is registered in the name of a Depositary or a
nominee of the Depositary. This Security is exchangeable for Securities
registered in the name of a Person other than the Depositary or its nominee only
in the limited circumstances described in the Indenture, and no transfer of this
Security (other than a transfer of this Security as a whole by the Depositary to
a nominee of the Depositary or by a nominee of the Depositary to the Depositary
or another nominee of the Depositary) may be registered except in such limited
circumstances.

REGISTERED                                                            REGISTERED

                                PULTE CORPORATION

                          8.125% SENIOR NOTES DUE 2011

                                                           $200,000,000
                                                           CUSIP No. 745867 AH 4

No. 001
    ---

         PULTE CORPORATION, a corporation duly organized and existing under the
laws of Michigan (herein called the "Company", which term includes any successor
Person under the Indenture referred to below), for value received, hereby
promises to pay to Cede & Co., c/o Depository Trust Company, 55 Water Street,
New York, New York 10041, or registered assigns, the principal sum of Two
Hundred Million ($200,000,000) on March 1, 2011 and to pay interest thereon from
February 26, 2001, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually in arrears on March 1
and September 1 of each year, commencing on September 1, 2001, at the rate of
8.125% per annum, until the principal hereof is paid or made available for
payment and (to the extent that the payment of such interest shall be legally
enforceable) at the same rate per annum on any overdue principal and premium, if
any, and on any overdue installment of interest; provided that the interest rate
on this Security shall be subject to increase under the circumstances provided
below. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest, which shall be August 15 or February 15 (whether or not a Business
Day), as the case may be, next preceding such Interest Payment Date. Except as
otherwise provided in the Indenture, any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Holder on such
Regular Record
<PAGE>   2
Date and may either be paid to the Person in whose name this Security (or one or
more Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series
not less than 10 days prior to such Special Record Date, or be paid at any time
in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities of this series may be listed, and
upon such notice as may be required by such exchange, all as more fully provided
in said Indenture. Payment of the principal of (and premium, if any) and
interest on this Security will be made at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts; provided,
however, that at the option of the Company, payment of interest may be made by
United States dollar check mailed to the address of the Person entitled thereto
as such address shall appear in the Security Register or by wire transfer to an
account maintained by the payee with a bank located in the United States.

         Payments of interest hereon with respect to any Interest Payment Date
will include interest accrued to but excluding such Interest Payment Date.
Interest on this Security shall be computed on the basis of a 360-day year of
twelve 30-day months.

         This Security is a Global Security within the meaning of the Indenture
and is registered in the name of the Depositary for this series of Securities or
a nominee of the Depositary. Subject to the terms of the Indenture, beneficial
interests in this Security shall be held through the book-entry facilities of
the Depositary, and such beneficial interests shall be held in minimum
denominations of $1,000 and integral multiples thereof. As long as this Security
is registered in the name of a Depositary or its nominee, the Company will make,
or will cause the Trustee to make, payments of principal of and premium, if any,
and interest on this Security by wire transfer of immediately available funds to
such Depositary or its nominee. Notwithstanding the above, the final payment on
this Security will be made only upon presentation and surrender of this Security
at an office or agency maintained by the Company for that purpose in any Place
of Payment for the Securities of this series.

         This Security is one of a duly authorized issue of securities of the
Company (hereinafter called the "Securities"), issued or to be issued in one or
more series under an Indenture, dated as of October 24, 1995 (as amended by the
Indenture Supplement dated as of August 27, 1997, the Indenture Supplement dated
as of March 20, 1998, the Indenture Supplement dated as of January 31, 1999, the
Indenture Supplement dated as of April 3, 2000 and the Indenture Supplement (the
"Fifth Indenture Supplement"), dated as of February 21, 2001 (as so amended, the
"Indenture")), each between the Company and Bank One Trust Company, N.A.
(successor-in-interest to The First National Bank of Chicago), as Trustee
(herein called the "Trustee", which term includes any successor trustee under
the Indenture), to which Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the

                                       2
<PAGE>   3
Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on
the face hereof, initially limited in aggregate principal amount to
$200,000,000; provided that the aggregate principal amount of the Securities of
this series which may be outstanding may be increased by the Company upon the
terms and subject to the conditions set forth in the Fifth Indenture Supplement.
The Securities of this series are issuable only in registered form, without
coupons, in the denominations specified in the Fifth Indenture Supplement. As
provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount
of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.

         If an Event of Default with respect to the Securities shall occur and
be continuing, the principal amount of all the Securities may be declared due
and payable in the manner and with the effect provided in the Indenture.

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities at any time by the
Company and the Trustee with the consent of the Holders of a majority in
principal amount of the Outstanding Securities. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount
of the Outstanding Securities, on behalf of the Holders of all Securities, to
waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

         As set forth in, and subject to the provisions of, the Indenture, no
Holder of any Security will have any right to institute any proceeding with
respect to the Indenture or for any remedy thereunder, unless such Holder shall
have previously given to the Trustee written notice of a continuing Event of
Default with respect to this series, the Holders of not less than 25% in
principal amount of the Outstanding Securities shall have made written request,
and offered reasonable indemnity, to the Trustee to institute such proceeding as
trustee, and the Trustee shall not have received from the Holders of a majority
in principal amount of the Outstanding Securities a direction inconsistent with
such request and shall have failed to institute such proceeding within 60 days;
provided, however, that such limitations do not apply to a suit instituted by
the Holder hereof for the enforcement of payment of the principal of (or
premium, if any) or interest on this Security on or after the respective due
dates expressed herein.

         No reference herein to the Indenture and no provision of this Security
or of the Indenture shall alter or impair the obligation of the Company, which
is absolute and

                                       3
<PAGE>   4
unconditional, to pay the principal of (and premium, if any) and interest on
this Security at the times, place and rate, and in the coin or currency, herein
prescribed.

         As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable on the Security Register
of the Company, upon surrender of this Security for registration of transfer at
the office or agency of the Company in any place where the principal of (and
premium, if any) and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company, the Security Registrar and the Trustee duly executed by, the Holder
hereof or such Holder's attorney duly authorized in writing, and thereupon one
or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the
designated transferee or transferees.

         No service charge shall be made for any such registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.

         Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security is overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

         The Indenture and the Securities shall be governed by and construed in
accordance with the laws of the State of New York.

         In the event of any Change in Control Triggering Event in respect of
the Company occurring on or prior to maturity of the Securities, each Holder of
Securities will have the right, at the Holder's option, subject to the terms of
the Indenture, to require the Company to purchase all or any part (provided that
the principal amount is $1,000 or an integral multiple thereof) of such Holder's
Securities on the date that is 30 business days after such Change in Control
Triggering Event (the "Change in Control Purchase Date") at a cash price equal
to the principal amount thereof plus accrued interest to the Change in Control
Purchase Date.

         All terms used in this Security which are defined in the Fifth
Indenture Supplement shall have the meanings assigned to them in the Fifth
Indenture Supplement and all other terms used in this Security and defined
elsewhere in the Indenture shall have the meanings assigned to them therein.

         Unless the certificate of authentication hereon has been executed by
the Trustee referred to below, directly or through an Authenticating Agent, by
manual signature of an authorized signatory, this Security shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.

                                       4
<PAGE>   5
         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

              PULTE CORPORATION

[SEAL]        By: /s/ Bruce E. Robinson
                 --------------------------------
              Name:  Bruce E. Robinson
              Title: Vice President

Attest:

By: /s/ John R. Stoller
   --------------------------------
    Name:  John R. Stoller
    Title: Secretary

Dated: February 26, 2001

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

         This is one of the Securities of the series designated herein referred
to in the within-mentioned Indenture.

                                       BANK ONE TRUST COMPANY, N.A.,
                                       as Trustee

                                       By: /s/ Jeff Eubank
                                          --------------------------------
                                          Authorized Signature

                                       5
<PAGE>   6
                                  ABBREVIATIONS

         The following abbreviations, when used in the inscription above, shall
be construed as though they were written out in full according to applicable
laws or regulations.

         TEN COM  -  as tenants in common
         TEN ENT  -  as tenants by the entireties
         JT TEN   -  as joint tenants with right of survivorship and not as
                         tenants in common

         UNIF GIFT MIN ACT - ____________________ Custodian  ________________
                                   (Cust)                         (Minor)

                                       under the Uniform Gifts to Minors Act

                                       _____________________________________
                             (State)

                                   ASSIGNMENT

         FOR VALUE RECEIVED, the undersigned registered holder(s) hereby
sell(s), assign(s) and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE __________
________________________________________________________________________________
(Please Print or Typewrite Name and Address Including Postal Zip Code of
Assignee)

________________________________________________________________________________
the within Security and all rights thereunder, and hereby irrevocably
constitute(s) and appoint(s)

________________________________________________________________________________
attorney to transfer said Security on the books of the Company, with full power
of substitution in the premises.

Dated:________________
Signature Guaranteed:

NOTICE: The signature(s) to this assignment must correspond with the name(s) as
written upon the within instrument in every particular, without alteration or
enlargement or any change whatever. The signature(s) must be guaranteed by an
eligible guarantor institution with membership in an approved signature
guarantee "medallion" program pursuant to Commission Rule 17Ad-15.

                                       6
<PAGE>   7
                                    GUARANTEE

         For value received, each of the undersigned hereby irrevocably and
unconditionally guarantees, jointly and severally, on a senior basis to the
Holder of this Security and to the Trustee, on behalf of the Holder, (i) the due
and punctual payment of the principal of, premium, if any, and interest on this
Security, when and as the same shall become due and payable, whether at Stated
Maturity, purchase upon Change in Control Triggering Event, by declaration of
acceleration or otherwise, the due and punctual payment of interest on the
overdue principal of, premium, if any, and interest, if any, on this Security,
to the extent lawful, and the due and punctual performance of all other
obligations of the Company to the Holder of this Security or the Trustee all in
accordance with the terms of this Security and the Indenture and (ii) in the
case of any extension of time of payment or renewal of this Security or any of
such other obligations, that the same will be promptly paid in full when due or
performed in accordance with the terms of the extension or renewal, at Stated
Maturity, purchase upon Change in Control Triggering Event, by declaration of
acceleration or otherwise (the obligations in clauses (i) and (ii) hereof being
the "Guaranteed Obligations"). This Guarantee will not be valid or obligatory
for any purpose until the Trustee duly executes the certificate of
authentication on the Security upon which this Guarantee is endorsed.

Dated: February 26, 2001

                                       Abacoa Homes, Inc.,
                                       a Florida corporation:

                                       American Title of the Palm Beaches Corp.,
                                       a Michigan corporation:

                                       American Title of the Palm Beaches, Ltd.,
                                       a Florida corporation:

                                       Carr's Grant, L.L.C.,
                                       a Maryland limited liability company:

                                       Devtex Land, L.P.,
                                       a Texas limited partnership:

                                       DiVosta and Company, Inc.,
                                       a Florida corporation:

                                       DiVosta Building Corporation,
                                       a Florida corporation:

                                       7
<PAGE>   8
                                       DiVosta Homes, Inc.,
                                       a Florida corporation:

                                       Florida Building Products, Inc.,
                                       a Florida corporation:

                                       Florida Club Homes, Inc.,
                                       a Florida corporation:

                                       Hammock Reserve Development Company,
                                       a Florida corporation:

                                       Harrison Hills, LLC, a
                                       Maryland limited liability
                                       company:

                                       Homesite Solutions Corporation,
                                       a Michigan corporation:

                                       Island Walk Development Company,
                                       a Florida corporation:

                                       One Willowbrook L.L.C.,
                                       a Maryland limited liability company:

                                       PB Venture L.L.C.,
                                       a Michigan limited liability company:

                                       PBW Corporation, a Michigan
                                       corporation:

                                       PC/BRE Development L.L.C.,
                                       a Delaware limited liability company:

                                       PC/BRE Springfield L.L.C.,
                                       a Delaware limited liability company:

                                       PC/BRE Venture L.L.C.,
                                       a Delaware limited liability company:

                                       PC/BRE Whitney Oaks L.L.C.,
                                       a Delaware limited liability company:

                                       PC/BRE Winfield L.L.C.,
                                       a Delaware limited liability company:

                                       8
<PAGE>   9
                                  PC/Palm Beach, Inc.,
                                  a Michigan corporation:

                                  PN I, Inc.,
                                  a Nevada corporation:

                                  PN II, Inc.,
                                  a Nevada corporation:

                                  Pulte Communities NJ, Limited Partnership,
                                  a Michigan limited partnership:

                                  Pulte Development Corporation,
                                  a Michigan corporation:

                                  Pulte Home Corporation,
                                  a Michigan corporation:

                                  Pulte Home Corporation of New England,
                                  a Michigan corporation:

                                  Pulte Home Corporation of the Delaware Valley,
                                  a Michigan corporation:

                                  Pulte Homes of Greater Kansas City, Inc.,
                                  a Michigan corporation:

                                  Pulte Homes of Michigan Corporation,
                                  a Michigan corporation:

                                  Pulte Homes of Michigan I L.P.,
                                  a Michigan limited partnership:

                                  Pulte Homes of Minnesota Corporation,
                                  a Minnesota corporation:

                                  Pulte Homes of NJ, Limited
                                  Partnership, a Michigan
                                  limited partnership:

                                  Pulte Homes of New York, Inc.
                                  a Michigan corporation:

                                  Pulte Homes of Ohio Corporation,
                                  an Ohio corporation:

                                        9
<PAGE>   10
                                      Pulte Homes of PA, Limited Partnership,
                                      a Michigan limited partnership:

                                      Pulte Homes of South Carolina, Inc.,
                                      a Michigan corporation:

                                      Pulte Homes of Texas, L.P.,
                                      a Texas limited partnership:

                                      Pulte Homes Tennessee Limited Partnership,
                                      a Nevada limited partnership:

                                      Pulte Land Company, LLC,
                                      a Michigan limited liability company:

                                      Pulte Land Development Corporation,
                                      a Michigan corporation:

                                      Pulte Lifestyle Communities, Inc.,
                                      a Michigan corporation:

                                      Pulte Michigan Holdings Corporation,
                                      a Michigan corporation:

                                      Pulte Michigan Services, LLC,
                                      a Michigan limited liability company:

                                      Pulte Payroll Corporation,
                                      a Michigan corporation:

                                      Pulte-IN Corp.,
                                      a Michigan corporation:

                                      Radnor Homes, Inc.,
                                      a Michigan corporation:

                                      Riverwalk Commerce Acquisition Corp.,
                                      a Michigan corporation:

                                      RiverWalk of the Palm Beaches
                                      Development Company, Inc.,
                                      a Florida corporation:

                                      RN Acquisition 2 Corp.,

                                       10
<PAGE>   11
                                      a Nevada corporation:

                                      Sean/Christopher Homes, Inc.,
                                      a Michigan corporation:

                                      Village Walk Development Company, Inc.,
                                      a Florida corporation:

                                      Wilben, LLLP,
                                      a Maryland limited liability partnership:

                                      Wil Corporation,
                                      a Michigan corporation:

                                      By: /s/ Bruce E. Robinson
                                          --------------------------------------
                                           Authorized Signatory for each of the
                                           Guarantors

                                           Attest: /s/ John R. Stoller

                                      By: /s/ John R. Stoller
                                          --------------------------------------
                                           Authorized Signatory for each of the
                                           Guarantors

This is one of the Securities of the series designated therein referred to in
the within-mentioned Indenture.

Dated: February 26, 2001              BANK ONE TRUST COMPANY, N.A.,
                                      as Trustee

                                      By: /s/ Jeff Eubank
                                          --------------------------------------
                                                   Authorized Officer

                                       11

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