Document:

<PAGE>

                                                                    EXHIBIT 10.1

<PAGE>
                                                                    EXHIBIT 10.1

                           MBIA INSURANCE CORPORATION

                       FINANCIAL GUARANTY INSURANCE POLICY

                               September 26, 2001

                                                      Insurance Policy No. 36220

Obligations:               ABFS Mortgage Loan Trust 2001-3 Mortgage-Backed
                           Notes, Series 2001-3, Class A-1 with an initial Class
                           A-1 Note Principal Balance of $253,800,000 (the
                           "Class A-1 Notes"), and Class A-2 with an initial
                           Class A-2 Note Principal Balance of $52,200,000 (the
                           "Class A-2 Notes" and, together with the Class A-1
                           Notes, the "Class A Notes").

Beneficiary:               The Chase Manhattan Bank, as indenture trustee (the
                           "Indenture Trustee") under the Indenture, dated as of
                           September 1, 2001 (as amended or otherwise modified
                           with the consent of MBIA, the "Indenture") between
                           ABFS Mortgage Loan Trust 2001-3, as the Trust, and
                           the Indenture Trustee.

                  MBIA INSURANCE CORPORATION ("MBIA"), for consideration
received, hereby unconditionally and irrevocably guarantees to the Indenture
Trustee for the benefit of the Class A Noteholders, subject to the terms of this
Financial Guaranty Insurance Policy (this "Insurance Policy"), that an amount
equal to each Insured Distribution will be received by the Indenture Trustee
after claim by the Indenture Trustee, for distribution in accordance with the
terms of the Indenture; provided, however, that in no event shall any payment
under this Insurance Policy be made in respect of or due to the failure by the
Indenture Trustee to deliver to the Class A Noteholders any amount due to the
Class A Noteholders under the terms of the Class A Notes or the Indenture from
the funds then available for such payment on deposit in any Account or otherwise
available to the Indenture Trustee for payment to the Noteholders under the
Indenture, or the failure of the Indenture Trustee to deliver to any Class A
Noteholder any amount paid by MBIA hereunder. MBIA's obligations hereunder with
respect to a particular Insured Distribution shall be discharged to the extent
funds equal to the applicable Insured Distribution are received by the Indenture
Trustee, whether or not such funds are properly applied by the Indenture
Trustee. Insured Distributions shall be made only at the time set forth in this
Insurance Policy, and no accelerated Insured Distributions shall be made
regardless of any acceleration of the Obligations or any amounts due in respect
thereof, unless such acceleration is at the sole option of MBIA.

                  Notwithstanding the foregoing paragraph, this Insurance Policy
does not cover shortfalls, if any, attributable to the liability of the Trust or
the Indenture Trustee for withholding taxes, if any (including interest and
penalties in respect of any such liability). In addition, this Insurance Policy
does not cover any Net Mortgage Loan Interest Shortfalls, nor does this
Insurance Policy guarantee to the Noteholders any particular rate of principal
distribution.

<PAGE>

                  Capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to them in the Indenture.

                  The following terms shall have the following meanings:

                  "Deficiency Amount" means for either Mortgage Loan Group and
any Distribution Date, the excess, if any, of (i) the Required Distributions
relating to such Mortgage Loan Group due on such date over (ii) the Available
Amount with respect to such Mortgage Loan Group as of such date.

                  "Insurance Agreement" shall mean the Insurance and
Reimbursement Agreement, dated as of September 26, 2001 among MBIA, the
Unaffiliated Seller, the Trust, the Depositor, the Servicer, the Originators and
the Indenture Trustee, as amended, restated or otherwise modified from time to
time.

                  "Insured Distribution" means (i) with respect to either
Mortgage Loan Group and any Distribution Date, the Deficiency Amount, if any,
with respect to such Distribution Date and such Mortgage Loan Group and (ii) any
Preference Amounts.

                  "Preference Amount" means any amount previously distributed to
a Noteholder on or in respect of the Class A Notes that is recoverable and
sought to be recovered as a voidable preference by a trustee in bankruptcy
pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time
to time in accordance with a final nonappealable order of a court having
competent jurisdiction.

                  "Required Distributions" for any Mortgage Loan Group, with
respect to (1) any Distribution Date occurring prior to the Distribution Date on
March 15, 2032, the sum of (x) the Interest Distribution Amount for such
Mortgage Loan Group net of any Net Mortgage Loan Interest Shortfalls and (y) the
Over-collateralization Deficit with respect to such Mortgage Loan Group, and (2)
the final scheduled Distribution Date on March 15, 2032, the sum of (x) the
amount set forth in clause (1)(x) above and (y) the aggregate outstanding
principal balance, if any, of the Notes in such Mortgage Loan Group, after
giving effect to all other distributions of principal on such Notes on that
Distribution Date.

                  MBIA will pay any Insured Distribution that is a Preference
Amount on the Business Day following receipt on a Business Day by the Fiscal
Agent (as described below) of (a) a certified copy of the order requiring the
return of a preference payment, (b) an opinion of counsel satisfactory to MBIA
that such order is final and not subject to appeal, (c) an assignment in such
form as is reasonably required by MBIA, irrevocably assigning to MBIA all rights
and claims of the Noteholder relating to or arising under the Obligations
against the debtor which made such preference payment or otherwise with respect
to such preference payment, and (d) appropriate instruments to effect the
appointment of MBIA as agent for such Noteholder in any legal proceeding related
to such preference payment, such instruments being in a form satisfactory to
MBIA, provided that if such documents are received after 12:00 noon, New York
City time, on such Business Day, they will be deemed to be received on the
following Business Day. Such payments shall be disbursed to the receiver or
trustee in bankruptcy named in the final order of the court exercising
jurisdiction on behalf of the Noteholder and not to any Noteholder directly
unless such Noteholder has returned principal or interest paid on the
Obligations to such receiver or trustee in bankruptcy, in which case such
payment shall be disbursed to such Noteholder.

                                       2
<PAGE>

                  Payment of amounts in respect of any other Insured
Distribution hereunder shall be made no later than 12:00 noon, New York City
time, on the later of the Distribution Date on which the related Deficiency
Amount is due or the third Business Day following receipt in New York, New York
on a Business Day by MBIA and State Street Bank and Trust Company, N.A., as
fiscal agent for MBIA, or any successor fiscal agent appointed by MBIA (the
"Fiscal Agent"), of a notice for payment in the form of Exhibit A hereto
("Notice for Payment"), appropriately completed and executed by the Indenture
Trustee; provided that if Notice for Payment is received after 12:00 noon, New
York City time, on such Business Day, it will be deemed to be received on the
following Business Day. If any such Notice for Payment received by the Fiscal
Agent or MBIA is not in proper form or is otherwise insufficient for the purpose
of making claim hereunder, it shall be deemed not to have been received by the
Fiscal Agent or MBIA for purposes of this paragraph, and MBIA or the Fiscal
Agent, as the case may be, shall promptly so advise the Indenture Trustee and
the Indenture Trustee may submit amended documentation. Payments due hereunder,
unless otherwise stated herein, will be disbursed to the Indenture Trustee by
wire transfer of immediately available funds in the amount of the Insured
Distribution less, in respect of Insured Distributions related to Preference
Amounts, any amount held by the Indenture Trustee for the payment of the Insured
Distribution and legally available therefor.

                  The Fiscal Agent is the agent of MBIA only, and the Fiscal
Agent shall in no event be liable to the Noteholders or the Indenture Trustee
for any acts of the Fiscal Agent or any failure of MBIA to deposit, or cause to
be deposited, sufficient funds to make payments due under this Insurance Policy.

                  MBIA hereby waives and agrees not to assert any and all rights
to require the Indenture Trustee to make demand on or to proceed against any
person, party or security prior to the Indenture Trustee demanding payment under
this Insurance Policy.

                  No defenses, set-offs and counterclaims of any kind available
to MBIA so as to deny payment of any amount due in respect of this Insurance
Policy will be valid and MBIA hereby waives and agrees not to assert any and all
such defenses, set-offs and counterclaims, including, without limitation, any
such rights acquired by subrogation, assignment or otherwise.

                  This Insurance Policy is neither transferable nor assignable,
in whole or in part, except to a successor Indenture Trustee duly appointed and
qualified under the Indenture. Such transfer and assignment shall be effective
upon receipt by MBIA of a copy of the instrument effecting such transfer and
assignment signed by the transferor and by the transferee, and a certificate,
properly completed and signed by the transferor and the transferee (which shall
be conclusive evidence of such transfer and assignment), and, in such case, the
transferee instead of the transferor shall, without the necessity of further
action, be entitled to all the benefits of and rights under this Insurance
Policy in the transferor's place, provided that, in such case, the Notice for
Payment presented hereunder shall be a certificate of the transferee and shall
be signed by one who states therein that he or she is a duly authorized officer
of the transferee.

                                       3

<PAGE>

                  All notices, presentations, transmissions, deliveries and
communications made by the Indenture Trustee to MBIA with respect to this
Insurance Policy shall specifically refer to the number of this Insurance Policy
and shall be made to MBIA at:

                           MBIA Insurance Corporation
                           113 King Street
                           Armonk, New York 10504
                           Attention: IPM Surveillance, Structured Finance
                           Telephone: (914) 765-3779
                           Facsimile: (914) 765-3810

                  All notices, presentations, transmissions, deliveries and
communications made by the Indenture Trustee to the Fiscal Agent with respect to
this Insurance Policy shall specifically refer to the number of this Insurance
Policy and shall be made to the Fiscal Agent at:

                           State Street Bank and Trust Company, N.A.
                           61 Broadway, 15th Floor,
                           New York, New York 10006,
                           Attention: Municipal Registrar and Paying Agency
                           Telephone: (212) 612-3458
                           Facsimile: (212) 612-3201

or such other address, telephone number or facsimile number as MBIA may
designate to the Indenture Trustee in writing from time to time. Each such
notice, presentation, transmission, delivery and communication shall be
effective only upon actual receipt by MBIA and the Fiscal Agent.

                  The obligations of MBIA under this Insurance Policy are
irrevocable, primary, absolute and unconditional (except as expressly provided
herein) and neither the failure of the Indenture Trustee, the Depositor, the
Servicer, any Originator, the Unaffiliated Seller or any other person to perform
any covenant or obligation in favor of MBIA (or otherwise), nor the failure or
omission to make a demand permitted hereunder, nor the commencement of any
bankruptcy, debtor or other insolvency proceeding by or against the Indenture
Trustee, the Depositor, the Servicer, any Originator, the Unaffiliated Seller or
any other person shall in any way affect or limit MBIA's obligations under this
Insurance Policy.

                  This Insurance Policy and the obligations of MBIA hereunder
shall expire and terminate, without any action on the part of MBIA or any other
person, on the day (the "Termination Date") which is one year and one day
following the date on which the outstanding principal balance of the Class A-1
and Class A-2 Notes has been reduced to zero. The Indenture Trustee shall,
promptly following the Termination Date, deliver this Insurance Policy to MBIA
at its office set forth above for cancellation.

                  Upon any payment hereunder, in furtherance and not in
limitation of MBIA's equitable right of subrogation and MBIA's rights under the
Insurance Agreement, MBIA will be subrogated to the rights of the Class A
Noteholders in respect of which such payment was made to receive any and all

                                       4

<PAGE>

amounts due in respect of the obligations in respect of which MBIA has made a
payment hereunder, as set forth in the Indenture.

                  This Insurance Policy is not covered by the property/casualty
insurance fund specified in Article Seventy-Six of the New York State insurance
law.

                  This Insurance Policy sets forth in full the undertaking of
MBIA, and shall not, except with the prior written consent of the Indenture
Trustee or otherwise in accordance with the express terms hereof, be modified,
altered or affected by any other agreement or instrument, including any
modification or amendment thereto and may not be canceled or revoked by MBIA.

                  THIS INSURANCE POLICY IS BEING ISSUED UNDER AND PURSUANT TO,
AND SHALL BE CONSTRUED UNDER, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK, INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT OTHERWISE WITHOUT GIVING EFFECT TO
ITS CONFLICT OF LAWS PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

                  In the event that the terms and provisions of this Insurance
Policy conflicts with any terms and provisions regarding the obligations of MBIA
set forth in the Indenture or any agreement related thereto, then the terms and
provisions of this Insurance Policy shall control.

                                       5

<PAGE>

                  IN WITNESS WHEREOF, MBIA has caused this Insurance Policy to
be executed on the date first written above.

                                    MBIA INSURANCE CORPORATION

                                    By:__________________________________
                                       Name:
                                       Title:

<PAGE>

                                      Exhibit A to Insurance Policy Number 36220

MBIA Insurance Corporation
113 King Street
Armonk, New York 10504
Attention:  IPM Surveillance, Structured Finance
Telephone: (914) 765-3779
Facsimile: (914) 765-3810

                               NOTICE FOR PAYMENT
                       UNDER INSURANCE POLICY NUMBER 36220

                  The Chase Manhattan Bank, not in its individual capacity, but
solely as Indenture Trustee (the "Indenture Trustee"), hereby certifies to MBIA
Insurance Corporation ("MBIA") with reference to that certain Insurance Policy
Number 36220 dated September 26, 2001 (the "Insurance Policy"), issued by MBIA
in favor of the Indenture Trustee under that certain Indenture dated as of
September 1, 2001 (the "Indenture"), between ABFS Mortgage Loan Trust 2001-3, as
the Trust, and the Indenture Trustee as follows:

                  1. The Indenture Trustee is the Indenture Trustee under the
Indenture and the Beneficiary under the Insurance Policy.

                  2. The Indenture Trustee is entitled to make a demand under
the Insurance Policy pursuant to Section 8.03 of the Indenture.

[For a Notice for Payment in respect of a Distribution Date use the following
paragraphs 3, 4, and 5.]

                  3. This notice relates to the [INSERT DATE] Distribution Date.
The Required Distribution, as specified, for such Distribution Date is
$____________. The amount demanded by this notice does not exceed such Required
Distribution.

                  4. The Indenture Trustee demands payment of $____________,
which is an amount equal to the amount, if any, by which the Required
Distribution on such date exceeds the Available Amounts which are available to
pay such Required Distribution pursuant to the Indenture.

                  5. The foregoing amount demanded is to be paid in immediately
available funds to the Note Insurance Payment Account at __________, account
number __________.

                                      A-1

<PAGE>

[For a Notice for Payment in respect of a Preference Amount use the following
paragraphs 6 and 7.]

                  6. The Indenture Trustee hereby represents and warrants, based
upon information available to it, that (i) the amount entitled to be drawn under
the Insurance Policy on the date hereof in respect of Preference Amounts is
$________, (ii) the Class A Noteholders with respect to which the drawing is
being made under the Insurance Policy have paid or simultaneously with such draw
on the Insurance Policy will pay such Preference Amounts, and (iii) the
documents required by the Insurance Policy to be delivered in connection with
such Preference Amounts have previously been presented to MBIA or are attached
hereto.

                  7. The Preference Amount demanded is to be paid in immediately
available funds by wire transfer to ____________.

[For a Notice for Payment relating to both a Preference Amount and a
Distribution Date, use all of the foregoing paragraphs and renumber the second
set of paragraphs 3-5 as paragraphs 6-8.]

                  Capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to them in the Indenture.

                  IN WITNESS WHEREOF, this notice has been executed this ___ day
of __________, _____.

                                       _______________, as Indenture Trustee

                                       By:______________________
                                          Authorized Officer

                                      A-2<PAGE>

                                                                   EXHIBIT 10.1

                           CONVERTIBLE PROMISSORY NOTE

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "ACT"), OR ANY STATE SECURITIES OR "BLU SKY" LAWS, AND MAY NOT BE
OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, OR OTHERWISE DISPOSED OF UNLESS
REGISTERED PURSUANT TO THE PROVISIONS OR SUCH ACT AND BLUE SKY LAWS OR AN
EXEMPTION THEREFROM IS AVAILABLE AS ESTABLISHED BY A WRITTEN OPINION OF COUNSEL
ACCEPTABLE TO THE MAKER.

                               DELTA MUTUAL, INC.

$250,000                                                 Date: 27 November 2001
                                                               ----------------

FOR VALUE RECEIVED, the undersigned, Delta Mutual, Inc., a Delaware corporation
(the "Maker") hereby promises to pay to the order to Rosanne Solomon, (the
"Payee"), the principal sum of Two Hundred Fifty Thousand and 00/100 Dollars
($250,000), plus interest at a rate of ten percent (10%) per annum. All interest
accrued on the outstanding principal balance of this Promissory Note shall be
due and payable as provided below.

The Maker herby agrees to pay the entire amount due hereunder, including
principal and interest, on or before 3l December, 2002 ("Maturity Date"), on
which date all unpaid principal and interest due hereunder shall be paid in
full. All payments shall be applied first to interest on the unpaid balance and
the remainder to principal. Maker may pay the entire amount due; including
interest accrued up to the date of payments at any time without penalty.

Interest hereon shall be calculated on the basis of a 360-day year prior to the
actual number of days elapsed until all accrued and unpaid interest is paid in
full. All payments of principal and interest hereunder shall be payable in
lawful currency of the United States.

This Promissory Note is given in consideration of a loan by Payee to Maker in
the principal amount of the Promissory Note. This Promissory Note may not be
changed orally, but only by an agreement in writing signed by the parties
against whom enforcement of any waiver, change, modification or discharge is
ought.

Representation of Payee

Payee represents and warrants that it is taking this Promissory Note for
investment and not with a view to the distribution or resale thereof and further
that Payee is familiar with, and has carefully reviewed the filings of Maker
with the Securities and Exchange Commission (the "Commission") under the
Securities Exchange Act of 1934, as amended, including, without limitation,
Maker's Form Preliminary Information Statement 14C, filed with the Commission on
November 9, 2001 and the Maker's Form 10-QSB for the period ended September 30,
2001, filed with the Commission on November 9, 2001.

<PAGE>

                        Option to Convert Promissory Note

(a)      At any time prior to the Maturity Date or prior to payment in full by
         the Maker, Payee shall have the option to convert the unpaid principal
         balance of this Promissory Note, together with all accrued interest,
         into that number of shares of common stock (the "Share") of the Maker
         (the "Conversion Option") at the then current market price per common
         share; or

(b)      At any time prior to the Maturity Date and prior to any payment by the
         Maker, the Payee and the Maker shall each have the option to exchange
         (the "Exchange Option") the full unpaid principal balance of this
         Promissory Note, together with the accrued interest, for that certain
         Promissory Note dated May 31, 2000 between Enterprises Solutions, Inc.
         and John A. Solomon (the "May 31, 2000 Note") and the pledged
         securities under that note shall also be surrendered to the Payee. This
         Exchange Option shall be exercisable only if Payee becomes the holder
         of the May 31, 2000 Note. Payee will give Maker written notice of its
         acquisition of the note and Payee and Maker may each thereafter
         exercise this Exchange Option upon thirty (30) days prior written
         notice to the other party. In order to exercise this Exchange Option,
         Payee shall surrender this Promissory Note to the Maker in exchange for
         the May 31, 2000 Note;

(c)      In order to exercise this Conversion Option, the Payee shall surrender
         this Promissory Note to the Maker, accompanied by written notice of its
         intentions to exercise this Conversion Option, which notice shall set
         forth the principal amount of this Promissory Note to be converted
         ("Notice of Conversion"). Within ten (10) business days of Maker's
         receipt of the Notice of Conversion and this Promissory Note, the Maker
         shall deliver or cause to be delivered to the Payee, written
         confirmation that the Shares have been issued in the name of the Payee;

(d)      In the event of the exercise of the Conversion Option, Payee shall
         cooperate with Maker to promptly take any and all additional actions
         required to make Payee a stockholder of the Maker including, without
         limitation, in connection with the issuance of the Shares, such
         representations as to financial condition, investment intent and
         sophisticated investor status as are reasonably required by counsel for
         Maker. Payee recognizes that the Shares issued upon conversion of this
         Promissory Note will constitute "restricted securities" under Rule 144,
         promulgated by the Commission under the Securities Act of 1933, as
         amended, and the resale of which will be subject to the limitations of
         that Rule.

(e)      The maker shall at all times take any and all additional actions as are
         necessary to maintain the required authority to issue the Shares to the
         Payee, in the event the Payee exercises its rights under the Conversion
         Option.

(f)      Payment to Maker prior to Payee's delivery of a Notice of Conversion
         shall terminate Payee's option to convert.

MAKER:                                      PAYEE:

By: /s/ KENNETH A. MARTIN                    By: /s/ ROSANNE C. SOLOMON
    -----------------------------                -------------------------------
    Kenneth A. Martin                            Rosanne C. Solomon
    its:  President & CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}]]