Document:

7th Amendment to 1st Amended Restated Warehousing Credit and Security Agreement

 Exhibit 10.14 
  
 SEVENTH AMENDMENT TO 
 FIRST AMENDED AND RESTATED 
 WAREHOUSING CREDIT AND SECURITY AGREEMENT 
  
 SEVENTH AMENDMENT TO FIRST AMENDED AND RESTATED WAREHOUSING CREDIT AND SECURITY AGREEMENT
(this “Amendment”) dated as of November 22, 2004, between UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC, a Florida limited liability company (“UAMCLLC”), EAGLE HOME MORTGAGE, INC., a Washington corporation
(“EHMI”), AMERISTAR FINANCIAL SERVICES, INC., a California corporation (“AFSI”), UNIVERSAL AMERICAN MORTGAGE COMPANY OF CALIFORNIA, a California corporation (“UAMCC”), and UAMC ASSET CORP. II, a
Nevada corporation (“UAMC Asset”) (UAMCLLC, EHMI, AFSI, UAMCC and UAMC Asset, collectively and severally, “Borrower”) RESIDENTIAL FUNDING CORPORATION, a Delaware corporation (“RFC”), JPMORGAN CHASE
BANK, N.A., (“JPMorgan Chase”), U.S. BANK NATIONAL ASSOCIATION, a national banking association (“U.S. Bank”), SUNTRUST BANK, a state bank organized under the laws of Georgia (“Suntrust”), NATIONAL CITY
BANK OF KENTUCKY, a national banking association (“NCBK”), COMERICA BANK (“Comerica”), CALYON NEW YORK BRANCH, f/k/a CREDIT LYONNAIS NEW YORK BRANCH (“Calyon”), WASHINGTON MUTUAL BANK, FA
(“WaMu”) (RFC, Bank One, U.S. Bank, Suntrust, NCBK, Comerica, Calyon, WaMu, and any additional lender as may from time to time become a party hereto and their respective successors and permitted assigns being referred to
individually as a “Lender” and collectively as the “Lenders”), and RFC as credit agent for the Lenders (in such capacity, the “Credit Agent”). 
  

	A.	Borrower, Lenders and Credit Agent have entered into a revolving mortgage warehousing facility with a present Warehousing Commitment Amount of $375,000,000, which is evidenced by a
First Amended and Restated Warehousing Credit and Security Agreement dated as of October 23, 2003 (as the same may have been and may be amended or supplemented, the “Agreement”), and by certain Notes as described in the
Agreement. 

  

	B.	Borrower has requested under Section 12.8 of the Agreement that RFC temporarily increase its Warehousing Commitment Amount, and RFC (“Increase Lender”) has
agreed to such temporary increase, subject to the terms and conditions of this Amendment. 

  
 NOW, THEREFORE, the parties to this Amendment agree as follows: 
  

	1.	Subject to Borrower’s satisfaction of the conditions set forth in Section 6, the effective date of this Amendment is November 22, 2004 (“Effective
Date”). 

  

	2.	Unless otherwise defined in this Amendment, all capitalized terms have the meanings given to those terms in the Agreement. Defined terms may be used in the singular or the plural,
as the context requires. The words “include,” “includes” and “including” are deemed to be followed by the phrase “without limitation.” Unless the context in which it is used otherwise clearly requires, the
word “or” has the inclusive meaning represented by the phrase “and/or.” References to Sections and Exhibits are to Sections and Exhibits of this Amendment unless otherwise expressly provided. 

  

	3.	Exhibit H to the Agreement is amended and restated in its entirety as set forth in Exhibit H to this Amendment. All references in the Agreement and the other Loan
Documents to Exhibit H are deemed to refer to the new Exhibit H. 

  

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	4.	Exhibit J to the Agreement is amended and restated in its entirety as set forth in Exhibit J to this Amendment. All references in the Agreement and the other Loan
Documents to Exhibit J are deemed to refer to the new Exhibit J. 

  

	5.	Upon execution of this Amendment, Borrower must pay to RFC the pro rata Warehousing Commitment Fee on the increased portion of its Warehousing Commitment Amount for the time period
from November 22, 2004 to and including December 22, 2004 (the “Additional Commitment Fee”). 

  

	6.	Borrower must deliver to Credit Agent (a) nine executed copies of this Amendment, (b) the Additional Commitment Fee for RFC, (c) an amendment fee of $1,000 for the
account of each Lender, (d) an amendment fee of $1,000 for the account of Credit Agent, and (e) a $500 document production fee. 

  

	7.	Borrower represents, warrants and agrees that (a) there exists no Default or Event of Default under the Loan Documents, (b) the Loan Documents continue to be the legal,
valid and binding agreements and obligations of Borrower, enforceable in accordance with their terms, as modified by this Amendment, (c) no Lender is in default under any of the Loan Documents and Borrower has no offset or defense to its
performance or obligations under any of the Loan Documents, (d) except for changes permitted by the terms of the Agreement, Borrower’s representations and warranties contained in the Loan Documents are true, accurate and complete in all
respects as of the Effective Date and (e) there has been no material adverse change in Borrower’s financial condition from the date of the Agreement to the Effective Date. 

  

	8.	Except as expressly modified, the Agreement is unchanged and remains in full force and effect, and Borrower ratifies and reaffirms all of its obligations under the Agreement and the
other Loan Documents. 

  

	9.	This Amendment may be executed in any number of counterparts, each of which will be deemed an original, but all of which shall together constitute but one and the same instrument.

  

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 IN WITNESS WHEREOF, Borrower, each Lender and Credit Agent have caused this Amendment to be duly executed on their behalf
by their duly authorized officers as of the day and year above written. 
  

					
	BORROWERS:	 	 UNIVERSAL AMERICAN MORTGAGE
 COMPANY, LLC,
 a Florida limited liability company

			
	 	 	By:	 	 /s/ Janice Munoz

	 	 	Its:	 	 Vice President/Treasurer

		
	 	 	 EAGLE HOME MORTGAGE, INC.,
 a
Washington corporation

			
	 	 	By:	 	 /s/ Janice Munoz

	 	 	Its:	 	 Vice President

		
	 	 	 AMERISTAR FINANCIAL SERVICES, INC.,
 a
California corporation

			
	 	 	By:	 	 /s/ Janice Munoz

	 	 	Its:	 	 Vice President

		
	 	 	 UNIVERSAL AMERICAN MORTGAGE
 COMPANY OF CALIFORNIA,
 a California corporation

			
	 	 	By:	 	 /s/ Janice Munoz

	 	 	Its:	 	 Vice President/Treasurer

		
	 	 	 UAMC ASSET CORP. II,
 a Nevada
corporation

			
	 	 	By:	 	 /s/ Janice Munoz

	 	 	Its:	 	 Vice President/Treasurer

  

 Page 3 

					
	CREDIT AGENT and INCREASE LENDER:	 	 RESIDENTIAL FUNDING CORPORATION,
 a
Delaware corporation

			
	 	 	By:	 	 /s/ David Farrell

	 	 	Its:	 	 Director

		
	OTHER LENDERS:	 	JPMORGAN CHASE BANK, N.A.
			
	 	 	By:	 	 /s/ Kenneth Nelson

	 	 	Its:	 	 Director

		
	 	 	 U.S. BANK NATIONAL ASSOCIATION,
 a national banking association

			
	 	 	By:	 	 /s/ Kathleen M. Connor

	 	 	Its:	 	 Vice President

		
	 	 	 SUNTRUST BANK,
 a state bank organized
under the laws of Georgia

			
	 	 	By:	 	 /s/ Robert E. Hummel

	 	 	Its:	 	 Sr. Vice President

		
	 	 	 NATIONAL CITY BANK OF KENTUCKY,
 a national banking association

			
	 	 	By:	 	 /s/ Mary Jo Reiss

	 	 	Its:	 	 Vice President

		
	 	 	COMERICA BANK
			
	 	 	By:	 	 /s/ Robert W. Marr

	 	 	Its:	 	 Vice President

		
	 	 	CALYON NEW YORK BRANCH
			
	 	 	By:	 	 /s/ Attila Coach

	 	 	Its:	 	 Sr. Vice President

			
	 	 	By:	 	 /s/ James Gibson

	 	 	Its:	 	 Managing Director

		
	 	 	WASHINGTON MUTUAL BANK, FA
			
	 	 	By:	 	 /s/ Rodney Davis

	 	 	Its:	 	 Sr. Vice President

  

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 REAFFIRMATION 
  
 In connection with the Lennar Undertaking dated as of October 23, 2003, Lennar Corporation, a Delaware corporation (“Lennar”)
consents to the foregoing Amendment and the transactions contemplated thereby and hereby modifies and reaffirms its obligations under the Lennar Undertaking. Lennar hereby reaffirms that its obligations under the Lennar Undertaking are separate and
distinct from Borrower’s obligations to Lenders, and that its obligations under the Lennar Undertaking are in full force and effect, and hereby waives and agrees not to assert any anti-deficiency protections or other rights as a defense to its
obligations under the Lennar Undertaking, all as more fully set forth in the Lennar Undertaking, the terms of which are incorporated herein as if fully set forth herein. 
  

			
	 LENNAR CORPORATION,
 a Delaware
corporation

		
	 By:
	 	 /s/ Waynewright Malcolm

	 Its:
	 	 Vice President & Treasurer

  

 Page 5Amend No.1 to Aircraft Time Sharing Agreement

 EXHIBIT 10.16 
  
 AMENDMENT No. 1 
 to 
 AIRCRAFT TIME-SHARING AGREEMENT 
  
 This Amendment No. 1 to Aircraft Time-Sharing Agreement
(“Amendment”) is done as of this 1st day of September, 2005 by and between US Home Corporation (“Lessor”) and Stuart Miller (“Lessee”) (collectively the “Parties”). The Time-Sharing Agreement
concluded by and between Lessor and Lessee on August 17, 2005 (“Agreement”) is hereby amended as follows: 
  
 1. The second sentence of Article 10(a) is hereby replaced in its entirety with the words: 
  
 “Lessee’s use shall include use of the Aircraft for the benefit of any related family member as well as for the
transportation of unrelated guests, provided that Lessee shall make no charge nor accept any payment for the transportation of any of such persons.” 
  
 2. In order to conform the Agreement to FAR Part 91.23(a), Paragraph 15 shall become the concluding paragraph. Paragraphs 16 through 24 shall become
paragraphs 15 through 23, respectively. The changes in ordering are not intended to change the meaning or interpretation of such paragraphs, and all such paragraphs remain in full force and effect. 
  
 3. The FAA N-number specified in item (a) of Exhibit A “Description
of Aircraft” has changed and is hereby substituted with “N954L.” 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on the day and year first above written. 
  

			
	Lessor:
	
	US HOME CORPORATION
		
	By:	 	 /s/ L. Christian Marlin    

		
	Lessee:	 	 
	 /s/ Stuart Miller

	Stuart Miller

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