Document:

Fourth Amendment to Loan and Security Agreement

 Exhibit 10.1 
 FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of January 22, 2013, among OFS Capital WM, LLC (the “Borrower”), MCF Capital Management
LLC, as loan manager (in such capacity, the “Loan Manager”), Wells Fargo Bank, National Association, as a Class A Lender (the “Class A Lender”), Madison Capital Funding LLC, as a Class B Lender (the
“Class B Lender” and together, with the Class A Lender, the “Lenders”), Wells Fargo Securities, LLC, as administrative agent (in such capacity, the “Administrative Agent”) and Wells Fargo
Delaware Trust Company, N.A., as trustee (in such capacity, the “Trustee”). 
 WHEREAS, the Borrower, the Loan
Manager, the Administrative Agent, the Lenders, the other lenders party from time to time thereto and the Trustee are party to the Loan and Security Agreement, dated as of September 28, 2010 (as amended from time to time prior to the date
hereof and as may be further amended, supplemented or otherwise modified, the “Loan and Security Agreement”), providing, among other things, for the making and the administration of the Advances by the lenders to the Borrower; and

 WHEREAS, the Borrower, the Loan Manager, the Administrative Agent, the Trustee and the Lenders desire to amend the Loan and
Security Agreement, in accordance with Section 13.1 of the Loan and Security Agreement and subject to the terms and conditions set forth herein. 
 NOW THEREFORE, in consideration of the foregoing premises and the mutual agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 ARTICLE I 

Definitions 
 SECTION 1.1.Defined Terms. Terms used but not defined herein have the respective meanings given to such terms in the Loan and Security Agreement. 

ARTICLE II 

Amendments to Loan and Security Agreement 
 SECTION 2.1. Amendments. 
 (a) Section 1.1 of the Loan
and Security Agreement shall be amended by deleting the definition of “Commitment Reduction Percentage” and inserting the following in lieu thereof: 
 “Commitment Reduction Percentage”: (a) On or prior to (i) with respect to the Class A Commitments, March 31, 2013 and (ii) with respect to the Class B
Commitments, January 10, 2013, a rate per annum equal to 1.00% and (b) thereafter, zero. 

 (b) Section 2.3 of the Loan and Security Agreement shall be amended by
inserting the following as a new sentence at the end of clause (a)(ii): 
 “Upon the repayment of the Class B Obligations
in full, all rights and obligations of the Class B Lenders, and all provisions and references in this Agreement relating to the Class B Lenders, shall have no further force and effect except for those provisions of this Agreement that would
otherwise survive the termination of this Agreement which shall remain in full force and effect for the benefit of the Class B Lenders.” 
 (c) A new Section 6.2(m) is hereby added to the Loan and Security Agreement immediately after Section 6.2(l) as follows: 
 “(m) The Borrower and the Collateral Manager agree that the Collateral Manager shall not, unless the Collateral Manager otherwise consents, allocate any Loans to the Borrower if, after giving effect
thereto, the aggregate principal amount of all Loans owned by the Borrower would exceed $245,000,000.” 
 ARTICLE III

 Class B Commitment Termination 
 SECTION 3.1. Pursuant to Section 2.3(a)(ii) of the Loan and Security Agreement, the Borrower and each Class B Lender hereby agrees to permanently and irrevocably reduce the Class B Commitments to $0
and agrees that the related Commitment Reduction Fee is $0. This reduction shall be effective as of the date set forth above. 

ARTICLE IV 

Representations and Warranties 
 SECTION 4.1. The Borrower hereby represents and warrants to the Administrative Agent, the Trustee and the Lenders that, as of the date first written above, (i) with respect to the Borrower and the
OFS Seller, no event has occurred and is continuing that constitutes either a Default or an Event of Default and (ii) the representations and warranties of the Borrower contained in the Loan and Security Agreement are true and correct in all
material respects on and as of such day (other than any representation or warranty that is made as of a specific date). 

SECTION 4.2. The Loan Manager hereby represents and warrants to the Administrative Agent, the Trustee and the Lenders that, as of the
date first written above, (i) with respect to the Loan Manager and the Madison Seller, no event has occurred that constitutes either a Default, an Event of Default or a Loan Manager Termination Event and (ii) the representations and
warranties of the Loan Manager contained in the Loan and Security Agreement are true and correct in all material respects on and as of such day (other than any representation or warranty that is made as of a specific date). 

  
 2 

 ARTICLE V 
 Conditions Precedent 
 SECTION 5.1. This Amendment shall become effective
upon the execution and delivery of this Amendment by the Borrower, the Loan Manager, the Administrative Agent, the Trustee, the Required Lenders and the Class B Lenders representing one hundred (100) percent of the outstanding Class B
Commitments. 
 ARTICLE VI 
 Miscellaneous 
 SECTION 6.1. Governing Law. THIS AMENDMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 SECTION 6.2. Severability Clause. In case any provision in this Amendment shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining provisions shall
not in any way be affected or impaired thereby. 
 SECTION 6.3. Ratification. Except as expressly amended hereby, the
Loan and Security Agreement is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Amendment shall form a part of the Loan and Security Agreement for all purposes.

 SECTION 6.4. Counterparts. The parties hereto may sign one or more copies of this Amendment in counterparts, all of
which together shall constitute one and the same agreement. Delivery of an executed signature page of this Amendment by facsimile or email transmission shall be effective as delivery of a manually executed counterpart hereof. 

SECTION 6.5. Headings. The headings of the Articles and Sections in this Amendment are for convenience of reference only and shall
not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 
 [Signature Pages Follow] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first written above. 
  

			
	BORROWER:
	
	OFS CAPITAL WM, LLC
	
	By: OFS Capital Corporation, its Administrative Manager
		
	 By:
	 	 /s/ Robert S. Palmer

		 	Name: Robert S. Palmer
		 	Title: Chief Financial Officer

 
			
	LOAN MANAGER:
	
	MCF CAPITAL MANAGEMENT LLC
		
	By:	 	 /s/ Joshua Niedner

		 	Name: Joshua Niedner
		 	Title: Director
	
	CLASS B LENDER:
	
	MADISON CAPITAL FUNDING LLC representing 100% of the aggregate Class B Commitments in effect as of the date hereof
		
	By:	 	   /s/ Joshua Niedner

	Name:	 	Joshua Niedner
	Title:	 	Director

 
			
	THE ADMINISTRATIVE AGENT:
	
	WELLS FARGO SECURITIES, LLC, in its capacity as Administrative Agent
		
	 By:
	 	 /s/ Mike Romanzo

		 	Name:Mike Romanzo
		 	Title: Director
	
	CLASS A LENDER:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	representing 100% of the aggregate Class A Commitments in effect as of the date hereof
		
	By:	 	 /s/ Raj Shah

		 	Name: Raj Shah
		 	Title: Managing Director

 
			
	THE TRUSTEE:
	
	WELLS FARGO DELAWARE TRUST COMPANY, N.A., not in its individual capacity but solely as Trustee
		
	 By:
	 	 /s/ Michael Roth

		 	Name: Michael Roth
		 	Title: Vice PresidentSeries 2013-T1 Indenture Supplement

 EXHIBIT 10.1 

 
  

 
 HLSS SERVICER ADVANCE RECEIVABLES
TRUST 
 as Issuer 
 and 
 DEUTSCHE BANK NATIONAL TRUST COMPANY 

as Indenture Trustee, Calculation Agent, Paying Agent and Securities Intermediary 

and 
 HLSS
HOLDINGS, LLC, 
 as Administrator and as Servicer (on and after the MSR Transfer Date) 

and 
 OCWEN LOAN
SERVICING, LLC, 
 as a Subservicer and as Servicer (prior to the MSR Transfer Date) 

and 
 WELLS FARGO
SECURITIES, LLC, 
 as Administrative Agent 

 
  

SERIES 2013-T1 

INDENTURE SUPPLEMENT 
 Dated as of January 22, 2013 
 to 

SECOND AMENDED AND RESTATED INDENTURE 
 Dated as of September 13, 2012 
  

 
 HLSS SERVICER
ADVANCE RECEIVABLES TRUST 
 ADVANCE RECEIVABLES BACKED NOTES, 

SERIES 2013-T1 
  

 
  

 Table of Contents 

 
  

					
	 	  	PAGE	 
		
	 SECTION 1. CREATION OF SERIES 2013-T1
NOTES
	  	 	2	  
		
	 SECTION 2. DEFINED TERMS
	  	 	2	  
		
	 SECTION 3. FORMS OF SERIES 2013-T1
NOTES
	  	 	11	  
		
	 SECTION 4. COLLATERAL VALUE EXCLUSIONS
	  	 	11	  
		
	 SECTION 5. GENERAL RESERVE ACCOUNT
	  	 	12	  
		
	 SECTION 6. PAYMENTS; NOTE BALANCE INCREASES;
EARLY MATURITY
	  	 	12	  
		
	 SECTION 7. OPTIONAL REDEMPTION AND
REFINANCING
	  	 	13	  
		
	 SECTION 8. [RESERVED]
	  	 	13	  
		
	 SECTION 9. SERIES REPORTS
	  	 	13	  
		
	 SECTION 10. CONDITIONS PRECEDENT SATISFIED
	  	 	15	  
		
	 SECTION 11. REPRESENTATIONS AND WARRANTIES
	  	 	15	  
		
	 SECTION 12. AMENDMENTS
	  	 	15	  
		
	 SECTION 13. COUNTERPARTS
	  	 	16	  
		
	 SECTION 14. ENTIRE AGREEMENT
	  	 	16	  
		
	 SECTION 15. LIMITED RECOURSE
	  	 	16	  
		
	 SECTION 16. OWNER TRUSTEE LIMITATION OF
LIABILITY
	  	 	17	  

  
 - i -

 THIS SERIES 2013-T1 INDENTURE SUPPLEMENT (this “Indenture Supplement”),
dated as of January 22, 2013, is made by and among HLSS SERVICER ADVANCE RECEIVABLES TRUST, a statutory trust organized under the laws of the State of Delaware (the “Issuer”), DEUTSCHE BANK NATIONAL TRUST COMPANY, a national
banking association, as trustee (the “Indenture Trustee”), as calculation agent (the “Calculation Agent”), as paying agent (the “Paying Agent”) and as securities intermediary (the
“Securities Intermediary”), HLSS HOLDINGS, LLC, a Delaware limited liability company (“HLSS”), as Administrator on behalf of the Issuer, as owner of the economics associated with the servicing under the Designated
Servicing Agreements, and as Servicer under the Designated Servicing Agreements from and after the related MSR Transfer Date (as defined below), OCWEN LOAN SERVICING, LLC (“OLS”), as a Subservicer, and as Servicer under the
Designated Servicing Agreements prior to the related MSR Transfer Date, and WELLS FARGO SECURITIES, LLC (“Wells Fargo”), a Delaware limited liability company, as administrative agent (the “Administrative Agent”).
This Indenture Supplement relates to and is executed pursuant to that certain Second Amended and Restated Indenture (as amended, supplemented, restated or otherwise modified from time to time, the “Base Indenture”) as further
supplemented hereby, dated as of September 13, 2012, among the Issuer, the Servicer, the Administrator, the Indenture Trustee, the Calculation Agent, the Paying Agent, the Securities Intermediary, Wells Fargo and Barclays Bank PLC
(“Barclays”), all the provisions of which are incorporated herein as modified hereby and shall be a part of this Indenture Supplement as if set forth herein in full (the Base Indenture as so supplemented by this Indenture Supplement
being referred to as the “Indenture”). 
 Capitalized terms used and not otherwise defined herein shall have
the respective meanings given them in the Base Indenture. 
 PRELIMINARY STATEMENT 

The Issuer has duly authorized the issuance of a Series of Notes, the Series 2013-T1 Notes (the “Series 2013-T1 Notes”).
The parties are entering this Indenture Supplement to document the terms of the issuance of the Series 2013-T1 Notes, which provides for the issuance of Notes in multiple series from time to time. The Series 2013-T1 Notes are issued in twelve
(12) Classes of Term Notes (Class A-1-T1, Class A-2-T1, Class A-3-T1, Class B-1-T1, Class B-2-T1, Class B-3-T1, Class C-1-T1, Class C-2-T1, Class C-3-T1, Class D-1-T1, Class D-2-T1 and Class D-3-T1), with the Initial Note Balances,
Stated Maturity Dates, Revolving Period, Note Interest Rates, Expected Repayment Dates and other terms as specified in this Indenture Supplement, to be known as the Advance Receivables Backed Notes, Series 2013-T1, secured by the Trust Estate
Granted to the Indenture Trustee pursuant to the Base Indenture. The Indenture Trustee shall hold the Trust Estate as collateral security for the benefit of the Holders of the Series 2013-T1 Notes and all other Series of Notes issued under the
Indenture as described therein. In the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Base Indenture, the terms and provisions of this Indenture Supplement shall
govern to the extent of such conflict. 

 Section 1. Creation of Series 2013-T1 Notes. 

There are hereby created, effective as of the Issuance Date, the Series 2013-T1 Notes, to be issued pursuant to the Base Indenture and
this Indenture Supplement, to be known as “HLSS Servicer Advance Receivables Trust 2013-T1 Advance Receivables Backed Notes, Series 2013-T1 Notes.” The Series 2013-T1 Notes shall not be subordinated to any other Series of Notes. The Series
2013-T1 Notes are issued in eight Classes of Term Notes. The proceeds from the sale of the Offered Notes shall be used to reduce the outstanding amount drawn on the Series 2012-VF1 Variable Funding Notes, the Series 2012-VF2 Variable Funding Notes
and the Series 2012-VF3 Variable Funding Notes by amounts mutually acceptable by Wells Fargo, Credit Suisse AG, New York Branch (“Credit Suisse”) and Barclays. 

Section 2. Defined Terms. 
 With respect to the Series 2013-T1 Notes and in addition to or in replacement for the definitions set forth in Section 1.1 of the Base Indenture, the following definitions shall be assigned to the
defined terms set forth below: 
 “Administrative Agent” means, for so long as the Series 2013-T1 Notes have
not been paid in full: (i) with respect to the provisions of this Indenture Supplement, Wells Fargo or an Affiliate or successor thereto; and (ii) with respect to the provisions of the Base Indenture, and notwithstanding the terms and
provisions of any other Indenture Supplement, together, Wells Fargo, Barclays and Credit Suisse and such other parties as set forth in any other Indenture Supplement, or a respective Affiliate or any respective successor thereto. For the avoidance
of doubt, reference to “it” or “its” with respect to the Administrative Agent in the Base Indenture shall mean “them” and “their,” and reference to the singular therein in relation to the Administrative Agent
shall be construed as if plural. 
 “Advance Rates”: means, for any date of determination with respect to each
Receivable related to any Class of Series 2013-T1 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth below; provided, that in the event the Servicer’s (prior to any MSR Transfer Date) or the related
Subservicer’s (on and after any MSR Transfer Date) sub-prime servicer rating by S&P is reduced below “Average,” the Advance Rates applicable to the Receivables related to such Class of Notes shall be equal to the Advance Rates
prior to such ratings reduction minus 5.00%; provided, further, that the Advance Rates applicable to the Receivables related to any Class of Notes shall each be reduced by the Advance Rate Reduction Factor for such Class of
Notes when the related Weighted Average Foreclosure Timeline exceeds fifteen (15) months; and provided, further, that the Advance Rate for any Receivable related to any Class of Notes shall be zero if such Receivable is not a
Facility Eligible Receivable. 

  
 2 

																	
	Advance Type / Class of Notes	  	Class A-T1
Term Notes	 	 	Class B-T1
Term Notes	 	 	Class C-T1
Term Notes	 	 	Class D-T1
Term Notes	 
	 P&I Advances (other than Servicing

Fee Advances) in Non-Judicial States
	  	 	91.65	% 	 	 	93.15	% 	 	 	94.65	% 	 	 	95.40	% 
	 P&I Advances (other than Servicing Fee

Advances) in Judicial States
	  	 	81.40	% 	 	 	87.90	% 	 	 	90.65	% 	 	 	93.40	% 
	 Servicing Fee Advances in Non-Judicial States
	  	 	81.40	% 	 	 	87.15	% 	 	 	89.90	% 	 	 	92.65	% 
	 Servicing Fee Advances in Judicial States
	  	 	45.75	% 	 	 	65.90	% 	 	 	75.65	% 	 	 	85.15	% 
	 Escrow Advances in Non-Judicial States
	  	 	90.65	% 	 	 	92.15	% 	 	 	93.65	% 	 	 	94.40	% 
	 Escrow Advances in Judicial States
	  	 	70.65	% 	 	 	80.65	% 	 	 	85.15	% 	 	 	89.65	% 
	 Corporate Advances in Non-Judicial States
	  	 	86.90	% 	 	 	89.90	% 	 	 	92.15	% 	 	 	94.15	% 
	 Corporate Advances in Judicial States
	  	 	74.75	% 	 	 	82.65	% 	 	 	86.90	% 	 	 	90.65	% 

 “Advance Rate Reduction Factor” means, for any Class of Series 2013-T1 Notes, the
product of (i) the quotient of the Note Interest Rate for such Class divided by 12, and (ii) the number of months by which the Weighted Average Foreclosure Timeline exceeds fifteen (15) months. 

“Advance Ratio” means, as of any date of determination with respect to any Designated Servicing Agreement, the ratio
(expressed as a percentage), calculated as of the last day of the calendar month immediately preceding the calendar month in which such date occurs, of (i) the related PSA Stressed Non-Recoverable Advance Amount on such date over (ii) the
aggregate monthly scheduled principal and interest payments for the calendar month immediately preceding the calendar month in which such date occurs with respect to all non-delinquent Mortgage Loans serviced under such Designated Servicing
Agreement. 
 “Applicable Rating” means the rating assigned to each Class of the Series 2013-T1 Notes by
S&P, as the Note Rating Agency, upon the issuance of such Class as set forth below: 
  

	 	(i)	Class A-1-T1 Term Notes: AAA(sf); 

  

	 	(ii)	Class A-2-T1 Term Notes: AAA(sf); 

  

	 	(iii)	Class A-3-T1 Term Notes: AAA(sf); 

  

	 	(iv)	Class B-1-T1 Term Notes: AA(sf); 

  

	 	(v)	Class B-2-T1 Term Notes: AA(sf); 

  

	 	(vi)	Class B-3-T1 Term Notes: AA(sf); 

  

	 	(vii)	Class C-1-T1 Term Notes: A(sf); 

  

	 	(viii)	Class C-2-T1 Term Notes: A(sf); 

  

	 	(ix)	Class C-3-T1 Term Notes: A(sf); 

  

	 	(x)	Class D-1-T1 Term Notes: BBB(sf); 

  

	 	(xi)	Class D-2-T1 Term Notes: BBB(sf); and 

  

	 	(xii)	Class D-3-T1 Term Notes: BBB(sf). 

  
 3 

 “Base Indenture” has the meaning assigned to such term in the Preamble.

 “Class A-1-T1 Term Notes” means, the Term Notes, Class A-1-T1, issued hereunder by the Issuer having an
Initial Note Balance of $562,355,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement. 
 “Class A-2-T1 Term Notes” means, the Term Notes, Class A-2-T1, issued hereunder by the Issuer having an Initial Note Balance of $302,807,000. 

“Class A-3-T1 Term Notes” means, the Term Notes, Class A-3-T1, issued hereunder by the Issuer having an Initial
Note Balance of $129,774,000. 
 “Class A-T1 Term Notes” means, either or both of the Class A-1-T1 Term
Notes, Class A-2-T1 Term Notes or Class A-3-T1 Term Notes, as applicable. 
 “Class B-1-T1 Term
Notes” means, the Term Notes, Class B-1-T1, issued hereunder by the Issuer having an Initial Note Balance of $44,887,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement. 

“Class B-2-T1 Term Notes” means, the Term Notes, Class B-2-T1, issued hereunder by the Issuer having an Initial Note
Balance of $24,170,000. 
 “Class B-3-T1 Term Notes” means, the Term Notes, Class B-3-T1, issued hereunder by
the Issuer having an Initial Note Balance of $10,359,000. 
 “Class B-T1 Term Notes” means, either or both of
the Class B-1-T1 Term Notes, Class B-2-T1 Term Notes or Class B-3-T1 Term Notes, as applicable. 
 “Class C-1-T1 Term
Notes” means, the Term Notes, Class C-1-T1, issued hereunder by the Issuer having an Initial Note Balance of $22,303,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement. 

“Class C-2-T1 Term Notes” means, the Term Notes, Class C-2-T1, issued hereunder by the Issuer having an Initial Note
Balance of $12,010,000. 
 “Class C-3-T1 Term Notes” means, the Term Notes, Class C-3-T1, issued hereunder by
the Issuer having an Initial Note Balance of $5,147,000. 
 “Class C-T1 Term Notes” means, either or both of
the Class C-1-T1 Term Notes, Class C-2-T1 Term Notes or Class C-3-T1 Term Notes, as applicable. 
 “Class D-1-T1 Term
Notes” means, the Term Notes, Class D-1-T1, issued hereunder by the Issuer having an Initial Note Balance of $20,455,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement. 

“Class D-2-T1 Term Notes” means, the Term Notes, Class D-2-T1, issued hereunder by the Issuer having an Initial Note
Balance of $11,013,000. 

  
 4 

 “Class D-3-T1 Term Notes” means, the Term Notes, Class D-3-T1, issued
hereunder by the Issuer having an Initial Note Balance of $4,720,000. 
 “Class D-T1 Term Notes” means, either
or both of the Class D-1-T1 Term Notes, Class D-2-T1 Term Notes or Class D-3-T1 Term Notes, as applicable. 
 “Corporate
Trust Office” means with respect to the Series 2013-T1 Notes, the office of the Indenture Trustee at which at any particular time its corporate trust business will be administered, which office at the date hereof is located at 1761 East St.
Andrew Place, Santa Ana, California 92705, Attention: Trust Administration – OC13S1. 
 “CRD” means the
Capital Requirements Directive, as amended by Article 122a (effective as of January 1, 2011) and as the same may be further amended, restated or otherwise modified. 
 “Expected Repayment Date” means: 
 (i) for the Class A-1-T1
Term Notes, January 15, 2014; 
 (ii) for the Class A-2-T1 Term Notes, January 15, 2016; 

(iii) for the Class A-3-T1 Term Notes, January 16, 2018; 

(iv) for the Class B-1-T1 Term Notes, January 15, 2014; 
 (v) for the Class B-2-T1 Term Notes, January 15, 2016; 
 (vi) for the Class
B-3-T1 Term Notes, January 16, 2018; 
 (vii) for the Class C-1-T1 Term Notes, January 15, 2014; 

(viii) for the Class C-2-T1 Term Notes, January 15, 2016; 
 (ix) for the Class C-3-T1 Term Notes, January 16, 2018; 
 (x) for the Class
D-1-T1 Term Notes, January 15, 2014; 
 (xi) for the Class D-2-T1 Term Notes, January 15, 2016; and 

(xii) for the Class D-3-T1 Term Notes, January 16, 2018. 
 “Expense Rate” means, as of any date of determination, with respect to the Series 2013-T1 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of
(1) the product of the Series Allocation Percentage for such Series multiplied by the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the Series Allocation
Percentage for such Series multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to payments to the Holders of the Series 2013-T1 Notes, pursuant to
the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the

  
 5 

 
aggregate amount of related Series Fees payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all
Series 2013-T1 Notes at the close of business on such date. For the avoidance of doubt, with respect to the Series related to the Offered Notes, there will be no “Series Fees.” 

“General Reserve Required Amount” means with respect to any Payment Date or Interim Payment Date, as the case may be,
for the Series 2013-T1 Notes, an amount equal to on any Payment Date or Interim Payment Date six month’s interest calculated at the Senior Rate on the Note Balance of each Class of Series 2013-T1 Notes as of such Payment Date or Interim Payment
Date, as the case may be. 
 “Group 1 Notes” means, collectively, the Class A-1-T1 Notes, Class B-1-T1
Notes, Class C-1-T1 Notes and Class D-1-T1 Notes. 
 “Group 2 Notes” means, collectively, the Class A-2-T1
Notes, Class B-2-T1 Notes, Class C-2-T1 Notes and Class D-2-T1 Notes. 
 “Group 3 Notes” means, collectively,
the Class A-3-T1 Notes, Class B-3-T1 Notes, Class C-3-T1 Notes and Class D-3-T1 Notes. 
 “Initial Note
Balance” means, for any Note or for any Class of Notes, the Note Balance of such Note upon issuance, as follows: 
 (i)
Class A-1-T1 Term Notes: $562,355,000; 
 (ii) Class A-2-T1 Term Notes: $302,807,000; 

(iii) Class A-3-T1 Term Notes: $129,774,000; 
 (iv) Class B-1-T1 Term Notes: $44,887,000; 
 (v) Class B-2-T1 Term Notes:
$24,170,000; 
 (vi) Class B-3-T1 Term Notes: $10,359,000; 

(vii) Class C-1-T1 Term Notes: $22,303,000; 
 (viii) Class C-2-T1 Term Notes: $12,010,000; 
 (ix) Class C-3-T1 Term Notes:
$5,147,000; 
 (x) Class D-1-T1 Term Notes: $20,455,000; 
 (xi) Class D-2-T1 Term Notes: $11,013,000; and 
 (xii) Class D-3-T1 Term Notes:
$4,720,000. 

  
 6 

 “Interest Accrual Period” means, for the Series 2013-T1 Notes and any
Payment Date, the period beginning on the immediately preceding Payment Date (or, in the case of the first Payment Date with respect to any Class, the related Issuance Date) and ending on the day immediately preceding the current Payment Date. The
Interest Payment Amount for the Series 2013-T1 Notes on any Payment Date shall be determined based on an assumed 30 day Interest Accrual Period. 
 “Interest Day Count Convention” means 30 days divided by 360 other than with respect to the Initial Payment Date which is 23 days divided by 360. 

“Issuance Date” means January 22, 2013. 
 “Low Threshold Servicing Agreement” means a Designated Servicing Agreement (i) for which the underlying Mortgage Loans have an unpaid principal balance less than $10,000,000, or
(ii) contain fewer than 50 Mortgage Loans, as of the end of the most recently concluded calendar month, to the extent that such Receivable Balances, when added to the aggregate Receivable Balances of all Receivables outstanding with respect to
Low Threshold Servicing Agreements, cause the total Receivable Balances attributable to Low Threshold Servicing Agreements to exceed 2.00% of the total Receivable Balances of all Receivables included in the Facility. 

“Market Value Ratio” means, as of any date of determination with respect to a Designated Servicing Agreement, the ratio
(expressed as a percentage) of (i) the lesser of (A) the Funded Advance Receivable Balance for such Designated Servicing Agreement on such date and (B) the aggregate of all Facility Eligible Receivables under such Designated Servicing
Agreement on such date over (ii) the aggregate Net Property Value of the Mortgaged Properties and REO Properties for Mortgage Loans that are serviced under such Designated Servicing Agreement on such date. 

“Middle Threshold Servicing Agreement” means a Designated Servicing Agreement (i) for which the underlying Mortgage
Loans have an unpaid principal balance greater than or equal to $10,000,000 but less than $25,000,000, or (ii) contain at least 50 but less than 125 Mortgage Loans, as of the end of the most recently concluded calendar month, to the extent the
Receivable Balance of such Receivable, when added to the aggregate Receivable Balances of all Receivables outstanding with respect to Middle Threshold Servicing Agreements, cause the total Receivable Balances attributable to Middle Threshold
Servicing Agreements to exceed 8.00% of the aggregate of the Receivable Balances of all Receivables included in the Facility. 

“Monthly Reimbursement Rate” means, as of any date of determination, the arithmetic average of the fractions (expressed
as percentages), determined for each of the three (3) most recently concluded calendar months, obtained by dividing (i) the aggregate Advance Reimbursement Amounts collected by the Servicer and deposited into the Trust Accounts during such
month by (ii) the aggregate Receivable Balances funded by the Servicer using its own funds or facility funds as of the close of business on the last day of the Monthly Advance Collection Period. 

“MSRs” means mortgage servicing rights and rights to mortgage servicing rights, as applicable. 

  
 7 

 “Net Proceeds Coverage Percentage” means, for any Payment Date, the
percentage equivalent of a fraction, (i) the numerator of which equals the amount of Collections on Receivables deposited into the Collection and Funding Account during the related Monthly Advance Collection Period, and (ii) the
denominator of which equals the aggregate average outstanding Note Balances of all Outstanding Notes during such Monthly Advance Collection Period. 
 “Net Property Value” means, with respect to any Mortgaged Property, (A) with respect to a Mortgage Loan with respect to which no payment is Delinquent (including any Mortgage Loan
subject to a forbearance plan which is not Delinquent in accordance with such forbearance plan), the market value of such Mortgaged Property as established by OLS’s independent property valuation methodology (as established by the lesser of any
appraisal, broker’s price opinion or OLS’s automated valuation model with respect to such Mortgaged Property) or (B) with respect to a Delinquent Mortgage Loan, the product of (a) the market value of such Mortgaged Property as
established by OLS’s independent property valuation methodology (as established by the lesser of any appraisal, broker’s price opinion or OLS’s automated valuation model with respect to such Mortgaged Property), multiplied by
(b) OLS’s established market and property discount value rate, minus (c) OLS’s brokerage fee and closing costs with respect to such Mortgaged Property, plus (d) any projected mortgage insurance claim proceeds. 

“Note Interest Rate” means, with respect to the Series 2013-T1 Notes, the applicable Senior Rate, provided that:
(i) on any day on which a Facility Early Amortization Event or an Event of Default shall have occurred and shall be continuing at the opening of business on such day, the “Note Interest Rate” for any Class of Notes shall equal the
applicable Senior Rate plus 3.00% per annum; or (ii) in the event that any Class of Notes is not refinanced on the Expected Repayment Date, the “Note Interest Rate” of such Class of Notes shall equal the Senior Rate plus
1.00% per annum; provided, that, on any date of determination, the Interest Rate will never be a rate greater than the applicable Senior Rate plus 3.00% per annum. 

“Note Rating Agency” means, for the Series 2013-T1 Notes, S&P. 

“PSA Stressed Non-Recoverable Advance Amount” means as of any date of determination, the sum of: 

(i) for all Mortgage Loans that are current as of such date, the greater of (A) zero and (B) the excess of
(1) Total Advances related to such Mortgage Loans on such date over (2) (x) in the case of Mortgage Loans secured by a first lien, the product of 50% and the sum of all of the Net Property Values for the related Mortgaged Property or
(y) in the case of Mortgage Loans secured by a second or more junior lien, zero; and 
 (ii) for all
Mortgage Loans that are delinquent as of such date, but not related to property in foreclosure or REO Property, the greater of (A) zero and (B) the excess of (1) Total Advances related to such Mortgage Loans on such date over
(2) (x) in the case of Mortgage Loans secured by a first lien, the product of 50% and the sum of all of the Net Property Values for the related Mortgaged Property or (y) in the case of Mortgage Loans secured by a second or more junior
lien, zero; and 

  
 8 

 (iii) for all Mortgage Loans that are related to properties in foreclosure,
the greater of (A) zero and (B) the excess of (1) Total Advances related to such Mortgage Loans on such date over (2) (x) in the case of Mortgage Loans secured by a first lien, the product of 50% and the sum of all of the
Net Property Values for the related Mortgaged Property or (y) in the case of Mortgage Loans secured by a second or more junior lien, zero; and 
 (iv) for all Mortgage Loans that are related to REO Property, the greater of (A) zero and (B) the excess of (1) Total Advances related to such Mortgage Loans on such date over
(2) (x) in the case of Mortgage Loans secured by a first lien, the product of 50% and the sum of all of the Net Property Values for the related REO Property or (y) in the case of Mortgage Loans secured by a second or more junior lien,
zero. 
 “Redemption Percentage” means, for the Series 2013-T1 Notes, 10%. 

“Senior Rate” means, for: (i) the Class A-1-T1 Term Notes will be a rate per annum equal to 0.8983%;
(ii) the Class A-2-T1 Term Notes will be a rate per annum equal to 1.4953%; (iii) the Class A-3-T1 Term Notes will be a rate per annum equal to 2.2891%; (iv) the Class B-1-T1 Term Notes will be a rate per annum equal to
1.2467%; (v) the Class B-2-T1 Term Notes will be a rate per annum equal to 1.7436%; (vi) the Class B-3-T1 Term Notes will be a rate per annum equal to 2.7344%; (vii) the Class C-1-T1 Term Notes will be a rate per annum equal to
1.6443%; (viii) the Class C-2-T1 Term Notes will be a rate per annum equal to 2.4871%; (ix) the Class C-3-T1 Term Notes will be a rate per annum equal to 3.4747%; (x) the Class D-1-T1 Term Notes will be a rate per annum equal to
2.4870%; (xi) the Class D-2-T1 Term Notes will be a rate per annum equal to 3.2282%; and (xii) the Class D-3-T1 Term Notes will be a rate per annum equal to 4.4584%. 
 “Series 2013-T1 Note Balance” means the aggregate Note Balance of the Series 2013-T1 Notes. 
 “Series 2013-T1 Placement Agency Agreement” means that certain Placement Agency Agreement, dated January 16, 2013, by and among the Issuer, the Receivables Seller, Wells Fargo, as
Placement Agent, Barclays Capital Inc., as Placement Agent, and Credit Suisse Securities (USA) LLC, as Placement Agent. 

“Stated Maturity Date” means January 15, 2044 for the Group 1 Notes, January 16, 2046 for the Group 2 Notes
and January 15, 2048 for the Group 3 Notes. 
 “Stressed Time” means, as of any date of determination, the
percentage equivalent of a fraction, the numerator of which is one (1), and the denominator of which equals the related Stressed Time Percentage times the Monthly Reimbursement Rate on such date. 

“Stressed Time Percentage” means, for the Series 2013-T1 Notes, Class A-T1 Term Notes: 6.00%, Class B-T1 Term
Notes: 8.75%, Class C-T1 Term Notes: 11.25% and Class D-T1 Term Notes: 15.50%. 
 “Target Amortization Amounts”
means, for each Class of the Series 2013-T1 Notes, 1/6 of the Note Balance of such Class at the close of business on the last day of its Revolving Period, such amounts payable beginning on the first Payment Date after the beginning of the Target
Amortization Period. 

  
 9 

 “Target Amortization Event” for any Class of the Series 2013-T1 Notes,
means the earlier of (A) the related Expected Repayment Date for such Class or (B) the occurrence of any of the following conditions or events, which is not waived by 100% of the Holders of the Series 2013-T1 Notes: 

(i) on any Payment Date, the arithmetic average of the Net Proceeds Coverage Percentage determined for such Payment Date
and the two (2) preceding Payment Dates is less than five (5) times the percentage equivalent of a fraction (A) the numerator of which equals the sum of the accrued Interest Payment Amounts for each Class of all Outstanding Notes on
such date and (B) the denominator of which equals the aggregate average Note Balances of each Class of Outstanding Notes during the related Monthly Advance Collection Period; 

(ii) the occurrence of one or more Servicer Termination Events under Designated Servicing Agreements representing 15% or
more (by Mortgage Loan balance as of the date of termination) of all the Designated Servicing Agreements then included in the Facility, but not including any Servicer Termination Events that are solely due to the breach of one or more Collateral
Performance Tests or a Servicer Ratings Downgrade or the transfer of subservicing of any such Designated Servicing Agreement without the prior written consent of the Administrative Agents; 

(iii) the Monthly Reimbursement Rate is less than 8.00%; or 

(iv) the rating assigned to any Class of Series 2013-T1 Notes is reduced below the Applicable Rating assigned to such
Class of Series 2013-T1 Notes. 
 “Target Amortization Period” means, for any Class of Series 2013-T1 Notes, as
applicable, the period that begins upon both the occurrence of an applicable Target Amortization Event and ends upon the earlier of (i) a Facility Early Amortization Event and (ii) the date on which the Notes of such Class are paid in
full. 
 “Transaction Documents” means, in addition to the documents set forth in the definition thereof in the
Base Indenture, this Indenture Supplement, the Series 2013-T1 Placement Agency Agreement, and the Series 2013-T1 Notes, each as amended, supplemented, restated or otherwise modified from time to time. 

“Trigger Advance Rate” means, for any Class within the Series 2013-T1 Notes, as of any date, the rate equal to
(1) 100% minus (2) the product of (a) one-twelfth of the weighted average interest rates for all Classes of Series 2013-T1 Notes, as of such date plus the related Expense Rate as of such date, multiplied by (b) the
related Stressed Time for such Class as of such date. 
 “UPB Ratio” means, as of any date of determination
with respect to a Designated Servicing Agreement, the ratio (expressed as a percentage) of (i) the lesser of (A) the Funded Advance Receivable Balance for such Designated Servicing Agreement on such day, and (B) the aggregate of the
Receivable Balances of Facility Eligible Receivables under such Designated Servicing Agreement on such date over (ii) the aggregate of the unpaid principal balances of the Mortgage Loans serviced under such Designated Servicing Agreement on
such date. 

  
 10 

 “Weighted Average Foreclosure Timeline” means, as of any Determination
Date, calculated as of the end of the preceding calendar month, the six-month rolling average of the number of months (calculated consistently with then current Fannie Mae state foreclosure timeline guidance) elapsed from the initiation of
foreclosure through the foreclosure sale of each Mortgage Loan serviced under the Designated Servicing Agreements (with each Mortgage Loan weighted equally). 
 Section 3. Forms of Series 2013-T1 Notes. 
 The form of the Rule 144A
Global Note and of the Regulation S Global Notes that may be used to evidence the Series 2013-T1 Term Notes in the circumstances described in Section 5.4(c) of the Base Indenture are attached to the Base Indenture as Exhibits A-1 and
A-3, respectively. For the avoidance of doubt, and subject to the terms and provisions of Section 5.4 of the Base Indenture, the Series 2013-T1 Term Notes are to be issued Book-Entry Notes. 

Section 4. Collateral Value Exclusions. 
 For purposes of calculating “Collateral Value” in respect of the Series 2013-T1 Notes, the Collateral Value shall be zero for any Receivable that: 

(i) is attributable to any Designated Servicing Agreement to the extent that the Receivable Balance of such Receivable,
when added to the aggregate Receivable Balance already outstanding with respect to such Designated Servicing Agreement, would cause the related Advance Ratio to be equal to or greater than 100%; 

(ii) is attributable to any Designated Servicing Agreement to the extent that the Receivable Balance of such Receivable,
when added to the aggregate Receivable Balance already outstanding with respect to such Designated Servicing Agreement, would cause the related UPB Ratio to exceed 20%; 

(iii) is attributable to any Designated Servicing Agreement to the extent that the Receivable Balance of such Receivable,
when added to the aggregate Receivable Balance already outstanding with respect to such Designated Servicing Agreement, would cause the related Market Value Ratio to exceed 20%; 

(iv) is attributable to a Designated Servicing Agreement that is a Low Threshold Servicing Agreement; 

(v) is attributable to a Designated Servicing Agreement that is a Middle Threshold Servicing Agreement; 

(vi) is attributable to a Designated Servicing Agreement, to the extent that the Receivable Balance of such Receivable,
when added to the aggregate Receivable Balance outstanding with respect to that same Designated Servicing Agreement, would cause the total Receivable Balances attributable to such Designated Servicing Agreement to exceed 15% of the aggregate of the
Receivable Balances of all Receivables included in the Trust Estate; and 

  
 11 

 (vii) on any date of determination following February 15, 2013, unless
the related Designated Servicing Agreement shall satisfy clause (iii) and clause (viii) of the definition of “Facility Eligible Servicing Agreement” in the Base Indenture, is a Receivable attributable to an Exempted MBS Trust.
For the avoidance of doubt, until the Business Day immediately following February 15, 2013, the Designated Servicing Agreements related to the Exempted MBS Trusts shall be Facility Eligible Servicing Agreements notwithstanding the failure to
satisfy clause (iii) and clause (viii) of the definition of “Facility Eligible Servicing Agreement” in the Base Indenture. The parties hereto hereby agree that they are not, pursuant to this clause (vii), waiving any failure of
any Designated Servicing Agreement related to the Exempted MBS Trusts to satisfy any provision other than clause (iii) and clause (viii) of the definition of “Facility Eligible Servicing Agreement” in the Base Indenture pursuant
to the terms and provisions of this clause (vii). 
 Section 5. General Reserve Account. 

In accordance with the terms and provisions of this Section 5 and Section 4.6 of the Base Indenture, the Indenture Trustee shall
establish and maintain a General Reserve Account with respect to the Series 2013-T1 Term Notes for the benefit of the Series 2013-T1 Noteholders. 
 Section 6. Payments; Note Balance Increases; Early Maturity. 
 The
Paying Agent shall make payments of interest in respect of the Series 2013-T1 Notes on each Payment Date in accordance with Section 4.5 of the Base Indenture and any payments of interest, Cumulative Interest Shortfall Amounts, or Fees allocated
to the Series 2013-T1 Notes shall be paid first to the Class A-T1 Term Notes, pro rata, thereafter to the Class B-T1 Term Notes, pro rata, thereafter to the Class C-T1 Term Notes, pro rata, and thereafter to the Class D-T1 Term Notes, pro rata.
The Paying Agent shall make payments of principal on the Series 2013-T1 Notes on each Payment Date in accordance with Sections 4.4 and 4.5, respectively, of the Base Indenture during any Target Amortization Period or in any Full Amortization Period.

 The Series 2013-T1 Notes are subject to optional redemption in accordance with the terms of Section 13.1 of the Base
Indenture and each of the Class A-1-T1 Term Notes, Class B-1-T1 Term Notes, Class C-1-T1 Term Notes and Class D-1-T1 Term Notes are subject to redemption and refinancing pursuant to Section 7 of this Indenture Supplement. 

Any payments of principal allocated to the Series 2013-T1 Notes during a Full Amortization Period shall be applied in the following order
of priority, first, to the Class A-T1 Term Notes, pro rata, until their Note Balance has been reduced to zero, second, to the Class B-T1 Term Notes, pro rata, until their Note Balance has been reduced to zero, third, to the
Class C-T1 Term Notes, pro rata, until their Note Balance has been reduced to zero, and fourth, to the Class D-T1 Term Notes, pro rata, until their Note Balance has been reduced to zero. 

  
 12 

 Notwithstanding anything to the contrary in Section 8.1(a)(i) of the Base Indenture,
an Event of Default under Section 8.1(a)(i) shall exist on the Series 2013-T1 Notes only if there is a default (which default continues for a period of two (2) Business Days following written or electronic notice from the
Indenture Trustee or the Administrative Agents), in the payment of any principal, Senior Interest Amount or any Fees due and owing on any Payment Date (including without limitation the full aggregate amount of any Target Amortization Amounts
due on such Payment Date). 
 Section 7. Optional Redemption and Refinancing. 

The Class A-1-T1 Term Notes, the Class B-1-T1 Term Notes, the Class C-1-T1 Term Notes and the Class D-1-T1 Term Notes are subject to
optional redemption by the Issuer pursuant to Section 13.1 of the Base Indenture, in whole but not in part with respect to such Group/Notes, using the proceeds of the issuance and sale of one or more new Classes of Notes (including, but
not limited to, new Classes of Series 2013-T1 Notes) issued pursuant to a supplement to this Indenture Supplement, on any Business Day after the date on which the related Revolving Period ends or on any Business Day within 10 days prior to the end
of such Revolving Period upon 10 days’ prior notice to the Indenture Trustee. In anticipation of a redemption of any Class or group of Classes of Notes at the end of its Revolving Period, the Issuer may issue a new Series or one or more Classes
of Notes within the 90 day period prior to the end of such Revolving Period and reserve the cash proceeds of the issuance for the sole purpose of paying the principal balance and all accrued and unpaid interest on the Class or Classes to be
redeemed, on the last day of their Revolving Period. Any supplement to this Indenture Supplement executed to effect an optional redemption may be entered into without consent of the Holders of any of the Notes pursuant to Section 12(a)(iv) of
the Base Indenture. 
 Section 8. [RESERVED]. 

Section 9. Series Reports. 
 (a) Series Calculation Agent Report. The Calculation Agent shall deliver a report of the following items together with each Calculation Agent Report pursuant to Section 3.1 of the Base
Indenture to the extent received from the Servicer, with respect to the Series 2013-T1 Notes: 
 (i) the unpaid
principal balance of the Mortgage Loans subject to any Low Threshold Servicing Agreement and Middle Threshold Servicing Agreement; 
 (ii) the Advance Ratio for each Designated Servicing Agreement, and whether the Advance Ratio for such Designated Servicing Agreement exceeds 100%; 

(iii) the Market Value Ratio for each Designated Servicing Agreement, and whether the Market Value Ratio for such
Designated Servicing Agreement exceeds 20%; 
 (iv) the UPB Ratio for each Designated Servicing Agreement, and
whether the UPB Ratio for such Designated Servicing Agreement exceeds 20%; 

  
 13 

 (v) for each Middle Threshold Servicing Agreement, as of the end of the most
recently concluded calendar month, the aggregate of the Funded Advance Receivable Balances of all Receivables attributable to such Designated Servicing Agreement as a percentage of the aggregate of the Funded Advance Receivable Balances of all
Receivables included in the Trust Estate; 
 (vi) for each Low Threshold Servicing Agreement, as of the end of
the most recently concluded calendar month, the aggregate of the Funded Advance Receivable Balances of all Receivables attributable to such Designated Servicing Agreement as a percentage of the aggregate of the Funded Advance Receivable Balances of
all Receivables included in the Trust Estate; 
 (vii) the Weighted Average Foreclosure Timeline as of the
Determination Date for the most recently ended calendar month; 
 (viii) (A) a list of each Target
Amortization Event for the Series 2013-T1 Notes and presenting a “yes” or “no” answer beside each indicating whether each such Target Amortization Event has occurred as of the end of the Monthly Advance Collection Period
preceding the upcoming Payment Date or the Monthly Advance Collection Period preceding the upcoming Interim Payment Date and (B) whether any Target Amortization Amount that has become due and payable has been paid; 

(ix) whether any Receivable, or any portion of the Receivables, attributable to a Designated Servicing Agreement, has zero
Collateral Value by virtue of the definition of “Collateral Value” or Section 4 of this Indenture Supplement; 
 (x) a calculation of the Net Proceeds Coverage Percentage in respect of each of the three (3) preceding Monthly Advance Collection Periods (or each that has occurred since the date of this Indenture
Supplement, if less than three (3)), and the arithmetic average of the three; 
 (xi) the Monthly Reimbursement
Rate for the upcoming Payment Date or Interim Payment Date; 
 (xii) the PSA Stressed Non-Recoverable Advance
Amount for the upcoming Payment Date or Interim Payment Date; and 
 (xiii) the Trigger Advance Rate for each
Class of Series 2013-T1 Notes. 
 In addition to the information provided in the above Calculation Agent Report, to the extent the following
information is specifically provided to the Calculation Agent by HLSS or OLS, the Calculation Agent shall promptly, from time to time, provide such other financial or non-financial information, documents, records or reports with respect to the
Receivables or the condition or operations, financial or otherwise, of HLSS or OLS, including any information available to HLSS or OLS, as the Administrative Agents or any Noteholder may from time to time reasonably request in order to assist the
Administrative Agents or such Noteholder in complying with the requirements of Article 122a(4) and (5) of the CRD as may be applicable to the Administrative Agents or such Noteholder; provided, that this Section 9(a) shall be applicable to
any and all other Series of Notes issued under the Base Indenture. 

  
 14 

 (b) Series Payment Date Report. In conjunction with each Payment Date Report, the
Indenture Trustee shall also report the Stressed Time Percentage. 
 (c) Limitation on Indenture Trustee Duties. The
Indenture Trustee shall have no independent duty to verify: (i) the occurrence of any of the events described in clause (ii) of the definition of “Target Amortization Event;” or (ii) compliance with clause (vi) of the
definition of “Facility Eligible Servicing Agreement.” 
 Section 10. Conditions Precedent Satisfied.

 The Issuer hereby represents and warrants to the Holders of the Series 2013-T1 Notes and the Indenture Trustee that, as of
the related Issuance Date, each of the conditions precedent set forth in the Base Indenture, including but not limited to those conditions precedent set forth in Section 6.10(b) and Article XII thereof and Section 12 hereof, as applicable,
have been satisfied. 
 Section 11. Representations and Warranties. 

The Issuer, the Administrator, the Servicer and the Indenture Trustee hereby restate as of the related Issuance Date, or as of such other
date as is specifically referenced in the body of such representation and warranty, all of the representations and warranties set forth in Sections 9.1, 10.1 and 11.14, respectively, of the Base Indenture. 

Section 12. Amendments. 
 (a) Notwithstanding any provisions to the contrary in Article XII of the Base Indenture, and in addition to and otherwise subject to the provisions set forth in Sections 12.1 and 12.3 of the Base
Indenture, without the consent of the Holders of any Notes or any other Person but with the consent of the Issuer (evidenced by its execution of such amendment), the Indenture Trustee, the Administrator, the Servicer, the Subservicer (whose consent
shall be required only to the extent that such amendment would materially affect the Subservicer) and the Administrative Agents, and with prior notice to the applicable Note Rating Agency, at any time and from time to time, upon delivery of an
Issuer Tax Opinion and upon delivery by the Issuer to the Indenture Trustee of an Officer’s Certificate to the effect that the Issuer reasonably believes that such amendment will not have an Adverse Effect, may amend this Indenture Supplement
for any of the following purposes: (i) to correct any mistake or typographical error or cure any ambiguity, or to cure, correct or supplement any defective or inconsistent provision herein or any other Transaction Document; (ii) to
correct, modify or supplement any provision herein that may be defective or may be inconsistent with any provision in the final Private Placement Memorandum dated January 18, 2013, as it may be amended or supplemented from time to time;
(iii) to take any action necessary to maintain the rating currently assigned by the applicable Note Rating Agency and/or to avoid such Class of Notes being placed on negative watch by such Note Rating Agency; (iv) to issue additional
Classes of Series 2013-T1 Notes in accordance with Section 7 of this Indenture Supplement; or (v) to amend any other provision of this Indenture Supplement. 

  
 15 

 (b) In addition to the provisions described in “Description of the
Indenture—Amendments to the Indenture” in the Memorandum, any amendment and/or supplemental indenture to the Indenture Supplement related to the Offered Notes, executed in accordance with the issuance of any new Series of Notes shall
not be considered an amendment or supplemental indenture for the purposes of such Indenture Supplement. Accordingly, any such amendment and/or supplemental indenture to the Indenture Supplement related to the Offered Notes may amend, modify or
supplement such Indenture Supplement without the consent of the Offered Noteholders; provided, that no such amendment or supplemental indenture shall be effective unless the Issuer obtains an Issuer Tax Opinion and furnishes such Issuer Tax Opinion
to the Indenture Trustee; provided, further, that no such amendment or supplemental indenture may, without the consent of each Noteholder holding any Class of Offered Notes affected thereby: (a) change the Determination Date, Expected Repayment
Date, General Reserve Required Amount, Interim Payment Date, Payment Date, Record Date, Redemption Date, Redemption Payment Date, Scheduled Amortization Date, Stated Maturity Date, Target Amortization Event, Target Amortization Amount or Target
Amortization Period related to the Offered Notes, or reduce the Note Balance or the interest rate thereof, or change the coin or currency in which the principal of such Class of Offered Notes or interest thereon is payable, or impair the right to
institute suit for the enforcement of any such payment on or after Stated Maturity Date; (b) amend or modify Sections 4.4, 4.5, 4.6 or 6.10 or Article XII of the Base Indenture or Sections 5, 6, 7 or 12 of such Indenture Supplement; (c)change
the percentage interest, the consent of whose Noteholders is required in order to perform any action pursuant to the terms and provisions of any Transaction Document; (d) change any obligation of the Issuer to maintain an office or agency in
the places and for the purposes set forth in the Transaction Documents; (e) except as otherwise expressly provided in the Transaction Documents, deprive any Noteholder of the benefit of a valid first priority perfected security interest in the
Collateral; or (f) except as otherwise expressly provided in the Transaction Documents, release from the Lien set forth in the Transaction Documents all or any portion of the Collateral. 

Section 13. Counterparts. 
 This Indenture Supplement may be executed in any number of counterparts, by manual or facsimile signature, each of which so executed shall be deemed to be an original, but all of such counterparts shall
together constitute but one and the same instrument. 
 Section 14. Entire Agreement. 

This Indenture Supplement, together with the Base Indenture incorporated herein by reference, constitutes the entire agreement among the
parties hereto with respect to the subject matter hereof, and fully supersedes any prior or contemporaneous agreements relating to such subject matter. 
 Section 15. Limited Recourse. 
 Notwithstanding any other terms of this
Indenture Supplement, the Series 2013-T1 Notes, any other Transaction Documents or otherwise, the obligations of the Issuer under the Series 2013-T1 Notes, this Indenture Supplement and each other Transaction Document to which it is a party are
limited recourse obligations of the Issuer, payable solely from the Trust Estate, and 

  
 16 

 
following realization of the Trust Estate and application of the proceeds thereof in accordance with the terms of this Indenture Supplement, none of the Holders of Series 2013-T1 Notes, the
Indenture Trustee or any of the other parties to the Transaction Documents shall be entitled to take any further steps to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished and shall
not thereafter revive. No recourse shall be had for the payment of any amount owing in respect of the Series 2013-T1 Notes or this Indenture Supplement or for any action or inaction of the Issuer against any officer, director, employee, shareholder,
stockholder or incorporator of the Issuer or any of their successors or assigns for any amounts payable under the Series 2013-T1 Notes or this Indenture Supplement. It is understood that the foregoing provisions of this Section 15 shall
not (a) prevent recourse to the Trust Estate for the sums due or to become due under any security, instrument or agreement which is part of the Trust Estate or (b) save as specifically provided therein, constitute a waiver, release or
discharge of any indebtedness or obligation evidenced by the Series 2013-T1 Notes or secured by this Indenture Supplement. It is further understood that the foregoing provisions of this Section 15 shall not limit the right of any Person
to name the Issuer as a party defendant in any proceeding or in the exercise of any other remedy under the Series 2013-T1 Notes or this Indenture Supplement, so long as no judgment in the nature of a deficiency judgment or seeking personal liability
shall be asked for or (if obtained) enforced against any such Person or entity. 
 Section 16. Owner Trustee Limitation
of Liability. 
 It is expressly understood and agreed by the parties hereto that (a) this Indenture Supplement is
executed and delivered by Wilmington Trust Company, not individually or personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and authority conferred and vested in it, (b) each of the
representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking and agreement by Wilmington Trust Company but is made and intended for the purpose of binding only
the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust Company, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any,
being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall Wilmington Trust Company be personally liable for the payment of any indebtedness or expenses
of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Indenture Supplement or the other Transaction Documents. 

  
 17 

 IN WITNESS WHEREOF, HLSS Servicer Advance Receivables Trust, as Issuer, HLSS
Holdings, LLC (as Administrator on behalf of the Issuer and as Servicer (on and after the MSR Transfer Date)), Ocwen Loan Servicing, LLC (as Servicer (prior to the MSR Transfer Date)), Deutsche Bank National Trust Company, as Indenture Trustee,
Calculation Agent, Paying Agent and Securities Intermediary, and Wells Fargo Securities, LLC (as Administrative Agent), have caused this Indenture Supplement relating to the Series 2013-T1 Notes, to be duly executed by their respective officers
thereunto duly authorized and their respective signatures duly attested all as of the day and year first above written. 
  

									
	 HLSS SERVICER ADVANCE RECEIVABLES TRUST, as Issuer

 
 By: Wilmington Trust Company, not in its individual capacity but solely as Owner
Trustee
	 		 	DEUTSCHE BANK NATIONAL TRUST COMPANY, as Indenture Trustee, Calculation Agent, Paying Agent and Securities Intermediary and not in its individual
capacity
					
	 By:
	 	  
	 		 	By:	  	  

	 Name:
	 	  
	 		 	Name:	  	  

	 Title:
	 	  
	 		 	Title:	  	  

					
		 		 		 	By:	  	  

		 		 		 	Name:	  	  

		 		 		 	Title:	  	  

			
	 HLSS HOLDINGS, LLC,
 as Administrator and as Servicer (on or after the MSR Transfer Date)
	 		 	 OCWEN LOAN SERVICING, LLC,
 as a Subservicer and as Servicer (prior to the MSR Transfer Date)

					
	By:	 	  
	 		 	By:	  	  

	 Name:
	 	  
	 		 	 Name:
	  	  

	 Title:
	 	  
	 		 	 Title:
	  	  

				
	 WELLS FARGO SECURITIES, LLC,
 as Administrative Agent
	 		 		  	
					
	By:	 	  
	 		 		  	
	Name:	 	  
	 		 		  	
	Title:	 	  
	 		 		  	

 Signature Page to Indenture Supplement — HLSS Series 2013-T1 Notes

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}]]