Document:

Standard Form Commercial Lease Agreement

 Exhibit 10.1 
 STANDARD FORM COMMERCIAL LEASE 
  

							
		
	 1. PARTIES
 (fill in)
	  	BATSTONE, LLC, LESSOR, which expression shall include heirs, successors, and assigns where the context so admits, does hereby lease to TECHNICAL COMMUNICATIONS CORORATION, LESSEE,
which expression shall include successors, executors, administrators, and assigns where the context so admits, and the LESSEE hereby leases the following described premises:
		
	2. PREMISES	  	Approximately 22,747 square feet in the rear portion of the building known and numbered 100 Domino Drive, Concord, MA 01742, as further described on the attached Exhibit
“A.”
		
	 (fill in and include, if applicable, suite number, floor number, and square feet)
	  	together with the right to use in common, with others entitled thereto, the hallways, stairways, and elevators necessary for access to said leased premises, and lavatories nearest
thereto and parking areas serving the building.
		
	 3. TERM
 (fill in)
	  	The term of this lease shall be for five (5) years commencing on April 1, 2007 and ending on March 31, 2012.
		
	 4. RENT
 (fill in)
	  	The LESSEE shall pay to the LESSOR rent at the rate of $159,229.00 ($7.00 per square foot) dollars per year, payable in advance in monthly installments of $13,269.08, known as Base
Rent.
		
	 5. SECURITY DEPOSIT
 (fill
in)
	  	Upon the execution of this lease, the LESSEE has paid to the LESSOR the amount of $8,015.00 dollars, which shall continue to be held as a security for the LESSEE’s performance
as herein provided and refunded to the LESSEE at the end of this lease subject to the LESSEE’s satisfactory compliance with the conditions hereof.
		
	6.ADDITIONAL PAYMENTS; ADJUSTMENTS	  	In addition to the Base Rent, the LESSEE shall pay the additional charges as set forth herein.
		
	 A.REAL ESTATE TAXES; ESCALATION
 (fill in or delete)
	  	LESSEE shall pay to LESSOR, as additional rent, 65.40% of the real estate taxes and assessments assessed against the building and the land on which it is located during any tax year
or part thereof during the lease term. LESSEE shall pay to LESSOR, together with the monthly payments of Base Rent, pro rata monthly installments on account of the projected taxes for each tax year reasonably calculated by LESSOR from time to time
with an adjustment made after the close of the tax year to account for actual taxes for such tax year. The initial monthly payment on account of taxes shall be $1,512.08, actual taxes for tax year 2007 being $27,744.61.
		
		  	If the LESSOR obtains an abatement of any such excess real estate tax, a proportionate share of such abatement, less the reasonable fees and costs incurred in obtaining the same, if
any, shall be refunded to the LESSEE. LESSEE also will be entitled to a credit for any overpayment made during any tax year.
		
	 B. OPERATING COSTS;
 ESCALATION;
 CAPITAL EXPENDITURES
 (fill in or delete)
	  	LESSEE shall pay directly to the provider all of the costs of its utilities used by LESSEE in accordance with Section 7 below.
	  	  
 LESSEE shall reimburse LESSOR for 65.40% of the costs of snow and
ice removal and routine and (fill in or delete) regular ground maintenance (lawn, shrubs, trees, etc.) and 65.40% of normal sewer and water charges to the LESSOR by the town of Concord. Lessor shall provide LESSEE, at the time of request for
payment, copies of all bills received for snow and ice removal, ground maintenance, sewer and water charges and any other cost submitted for payment by LESSOR.

	  	  
 In the event the LESSEE’s proportionate share of anticipated
costs of an item or project exceeds $1,000, the LESSOR shall obtain the LESSEE’s prior written consent, which consent shall not be unreasonably withheld or delayed. If the LESSOR fails to obtain such consent, the LESSEE shall be relieved of all
responsibility with respect to such expenditure.

		
	 C. CONSUMER PRICE ESCALATION
 (fill
in or delete)
	  	NOT APPLICABLE

							
	7. UTILITIES	  	The LESSEE shall pay, as they become due, all bills for telephone, electricity, gas and other utilities (whether they are used for furnishing heat or other purposes) that are
furnished to the leased premises and presently separately metered.
		
		  	LESSOR shall have no obligation to provide utilities or equipment other than the utilities and equipment within the premises as of the commencement date of this lease. In the event
LESSEE requires additional utilities or equipment, the installation and maintenance thereof shall be the LESSEE’s sole obligation, provided that such installation shall be subject to the written consent of the LESSOR, which consent shall not be
unreasonably withheld or delayed.
		
	 8. USE OF LEASED PREMISES
 (fill
in)
	  	The LESSEE shall use the leased premises only for the purpose of office use, research and development and assembly, and any other lawful use.
		
	9. COMPLIANCE WITH LAWS	  	The LESSEE acknowledges that no trade or occupation shall be conducted in the leased premises or use made thereof which will be unlawful, improper, unreasonably noisy or offensive,
or contrary to any law or any municipal by-law or ordinance in force in the city or town in which the premises are situated.
		
	10. FIRE INSURANCE	  	The LESSEE shall not permit any use of the leased premises which will make voidable any insurance on the property of which the leased premises are a part, or on the contents of said
property or which shall be contrary to any law or regulation from time to time established by the New England Fire Insurance Rating Association, or any similar body succeeding to its powers, which insurance shall be obtained and paid for by LESSOR.
The LESSEE shall on demand reimburse the LESSOR, and all other tenants, all extra insurance premiums caused by the LESSEE’s use of the premises in violation of this section 10.
		
	11. MAINTENANCE	  	
		
	A. LESSEE’S OBLIGATIONS	  	The LESSEE agrees to maintain, at its own expense, all interior portions of the leased premises (including plumbing, electrical, heating, ventilation and air conditioning systems to
the extent located within or exclusively serving the leased premises, but not in the event of maintenance, repairs or improvements initiated by the LESSOR) in good condition, reasonable wear and tear and damage by fire and other casualty only
excepted, and whenever necessary to replace plate glass and other glass therein, acknowledging that the leased premises are now in good order and the glass whole. Notwithstanding the foregoing, in no event shall the LESSEE be responsible for
maintenance if such maintenance is required as a direct result of the negligence or willful misconduct of the LESSOR or those for whose conduct the LESSOR is legally responsible.
		
		  	The LESSEE shall not permit the leased premises to be damaged, stripped or defaced, nor suffer any waste. LESSEE shall obtain the written consent of LESSOR before erecting any sign
on the premises, which consent shall not be reasonably withheld or delayed.
		
	B. LESSOR’S OBLIGATIONS	  	The LESSOR agrees to maintain, at its own expense, the building of which the leased premises are a part, the structure of the building, including but not limited to the exterior
walls, roof, foundation, irrigation system, fire alarm and sprinkler systems, plumbing, electrical, heating, ventilation and air conditioning systems, and the parking areas for the building, in good condition, reasonable wear and tear, damage by
fire and other casualty only excepted, and make all necessary repairs with respect thereto, unless such maintenance or repair is required as a direct result of the negligence or willful misconduct of the LESSEE or those for whose conduct the LESSEE
is legally responsible.
		
	12. ALTERATIONS- ADDITIONS	  	The LESSEE shall not make structural alterations or additions to the leased premises without LESSOR’s consent, which shall not be unreasonably withheld or delayed, but LESSEE
may make non-structural alterations without such consent but upon notice to LESSOR. All such alterations shall be at LESSEE’s expense and shall be in quality at least equal to the present construction. LESSEE shall not permit any
mechanics’ liens, or similar liens, to remain upon the leased premises for labor and material furnished to LESSEE or claimed to have been furnished to LESSEE in connection with work of any character performed or claimed to have been performed
at the direction of LESSEE and shall cause any such lien to be released of record forthwith without cost to LESSOR. Any alterations or improvements made by the LESSEE shall become the property of the LESSOR at the termination of occupancy as
provided herein.
		
	13. ASSIGNMENT- SUBLEASING	  	The LESSEE shall not assign or sublet the whole or any part of the leased premises without LESSOR’s prior consent, which consent shall not be unreasonably withheld or delayed.
Notwithstanding the foregoing the LESSEE shall be entitled to make an assignment of the leased premises and this lease without the LESSOR’s consent, but upon notice to the LESSOR, to any entity into or with which the LESSEE consolidates or
merges, any entity that purchases all or substantially all of the assets or equity of the LESSEE, or any parent, subsidiary, affiliate or division of LESSEE. Notwithstanding any such assignment, LESSEE shall remain liable to LESSOR for the payment
of all and for the full performance of the covenants and conditions of this lease.

							
	14. SUBORDINATION	  	This lease shall be subject and subordinate to any and all mortgages, deeds of trust and other instruments in the nature of a mortgage, now or at any time hereafter, a lien or
liens on the property of which the leased premises are a part and the LESSEE shall, when requested and at the LESSOR’s sole expense, promptly execute and deliver such written instruments as shall be reasonably necessary to show the
subordination of this lease to said mortgages, deeds of trust or other such instruments in the nature of a mortgage.
		
	15. LESSOR’S ACCESS	  	The LESSOR or agents of the LESSOR may, at reasonable times and upon reasonable notice, enter to view the leased premises and may remove placards and signs not approved and affixed
as herein provided, and make repairs and alterations as LESSOR should elect to do and may show the leased premises to others, and at any time within (3) months before the expiration of the term, may affix to any suitable part of the leased premises
a notice for letting or selling the leased premises or property of which the leased premises are a part and keep the same so affixed without hindrance or molestation.
		
	 16. INDEMNIFICATION AND
 LIABILITY
 (fill in)
	  	The LESSEE shall save the LESSOR harmless from all loss and damage occasioned by the use or escape of water or by the bursting of pipes, or by any nuisance made or suffered on the
leased premises in the event such loss is a direct result of LESSEE’s actions or failure to act, unless such loss is caused by the neglect of the LESSOR. The removal of snow and ice from the sidewalks bordering upon the leased premises shall be
LESSOR’S responsibility.
		
	 17. LESSEE’s LIABILITY INSURANCE
 (fill in)
	  	The LESSEE shall maintain with respect to the leased premises and the property of which the leased premises are a part of comprehensive public liability insurance in the amount of
$1,000,000 per incident/$2,000,000 aggregate with property damage insurance in limits of $500,000 in responsible companies qualified to do business in Massachusetts and in good standing therein insuring the LESSOR as well as LESSEE against injury to
persons or damage to property as provided. The LESSEE shall deposit with the LESSOR certificates for such insurance at or prior to the commencement of the term, and within thirty (30) days prior to the expiration of any such policies. All such
insurance certificates shall provide that such policies shall not be canceled without at least ten (10) days prior written notice to each insured named therein.
		
	18. FIRE CASUALTY- EMINENT DOMAIN	  	Should a substantial portion of the leased premises, or of the property of which they are a part, be substantially damaged by fire or other casualty, or be taken by eminent domain,
the LESSOR may elect to terminate this lease upon notice to LESSEE within 30 days of such fire or casualty or receipt of notice of the taking. When such fire, casualty, or taking renders the leased premises substantially unsuitable for their
intended use, a just and proportionate abatement of rent shall be made, and the LESSEE may elect to terminate this lease if
		
		  	(a) The Lessor fails to give written notice within thirty (30) days of its intention to restore the leased premises, or
		
		  	(b) The LESSOR fails to restore the leased premises to a condition substantially suitable for their intended use within sixty (60) days of said fire, casualty or
taking.
		
		  	The LESSOR reserves, and the LESSEE grants to the LESSOR, all rights which the LESSEE may have for damage to the LESSEE’s fixtures, property, or equipment.
		
	19. DEFAULT AND BANKRUPTCY	  	In the event that:
	  	  
 (a) The LESSEE shall default in the payment of any installment of
rent or other sum herein specified and such default shall continue for ten (10) days after written notice thereof; or

		
		  	(b) The LESSEE shall default in the observance or performance of any other of the LESSEE’s covenants, agreements, or obligations hereunder and such default shall not be cured
within thirty (30) days after written notice thereof, or
		
		  	(c) The LESSEE shall be declared bankrupt or insolvent according to law, or, if any assignment shall be made of LESSEE’s property for the benefit of creditors,
		
		  	then the LESSOR shall have the right thereafter, while such default continues, to re-enter and take complete possession of the leased premises, to declare the term of this lease
ended, and remove the LESSEE’s effects, without prejudice to any remedies which might be otherwise used for arrears of rent or other default. The LESSEE shall indemnify the LESSOR against all loss of rent and other payments which the LESSOR may
incur by reason of such termination during the residue of the term. If the LESSEE shall default, after reasonable notice thereof, in the observance or performance of any conditions or covenants on LESSEE’s part to be observed or performed under
or by virtue of any of the provisions in any article of this lease, the LESSOR, without being under any obligation to do so and without thereby waiving such default, may upon at least 10 days’ notice to LESSEE remedy such default for the
account and at the expense of the LESSEE. If the LESSOR makes any expenditures or incurs any obligations for the payment of money in connection therewith, including but not limited to, reasonable attorney’s fees in instituting, prosecuting or
defending any action or proceeding, such sums paid or obligations incurred shall be paid to the LESSOR by the LESSEE as additional rent.
		
	20. NOTICE	  	Any notice from the LESSOR to the LESSEE relating to the leased premises or to

							
	 (fill in)
	  	the occupancy thereof shall be deemed duly served if left at the leased premises with an individual authorized to accept mail for LESSEE and addressed to the LESSEE, or if mailed
to the leased premises, registered or certified mail, return receipt requested, postage prepaid, addressed to the LESSEE. Any notice from the LESSEE to the LESSOR relating to the leased premises or to the occupancy thereof shall be deemed duly
served if mailed to the LESSOR by registered or certified mail, return receipt requested, postage prepaid, addressed to the LESSOR at such address as the LESSOR may from time to time advise in writing. All rent notices shall be paid and sent to the
LESSOR at Batstone, LLC c/o Carol Toomey, 100 Domino Drive, Concord, MA 01742.
		
	21. SURRENDER	  	The LESSEE shall at the expiration or other termination of this lease remove all LESSEE’s goods and effects from the leased premises (including, without hereby limiting the
generality of the foregoing, all signs and lettering affixed or painted by LESSEE, either inside or outside the leased premises). LESSEE shall deliver to the LESSOR the leased premises and all keys, locks thereto, and other fixtures connected
therewith and all alterations and additions made to or upon the leased premises, in good condition, normal wear and tear and damage by fire or other casualty only excepted. In the event of the LESSEE’s failure to remove any of LESSEE’s
property from the premises, LESSOR is hereby authorized, without liability to LESSEE for loss or damage thereto, and at the sole risk of LESSEE, to remove and store any of the property at LESSEE’s expense, or to retain same under LESSOR’s
control or to sell in a public or private sale, without notice, any or all of the property not so removed and to apply the net proceeds of such sale to the payment of any sum due hereunder, or to destroy such property.
		
	22. BROKERAGE	  	The Broker(s) named herein: NONE
	 (fill in or delete)
	  	
		
		  	Warrant(s) that he (they) is (are) duly licensed as such by the Commonwealth of Massachusetts, and join(s) in this agreement and become(s) a party hereto, insofar as any portions of
this agreement expressly apply to him (them), and to any amendments or modifications of such provisions to which he (they) agree(s) in writing.
		
		  	LESSOR agrees to pay the above-named Broker upon the term commencement data fee for professional services of
		
		  	Or pursuant to Broker’s attached commission schedule.
		
	23. OTHER	  	OPTION TO RENEW:
		  	  
 1. LESSEE shall have the option to renew this lease for an
additional period of two and one-half years commencing April 1, 2012 at a rate of $7.50 per square foot or $170,602.50 per year payable in advance monthly installments of $14,216.88, provided LESSEE is not in breach of this Lease and gives LESSOR
six (6) months prior written notice of its intent to renew hereunder.

		  	  
 2. LESSEE shall have the option to renew this lease for an
additional period of two and one-half years commencing October 1, 2014 at a rate of $7.50 per square foot or $170,602.50 per year payable in advance monthly installments of $14,216.88, provided LESSEE is not in breach of this Lease and gives LESSOR
six (6) months prior written notice of its intent to renew hereunder.

		  	  
 PARKING:

		  	  
 LESSEE is entitled to ongoing use of 65% of all available parking
spaces.

		  	  
 SIGNAGE:

		  	  
 LESSEE may keep existing signage at the Leased
Premises.

		  	  
 ACCESS:

		  	  
 LESSEE shall be granted reasonable access to the loading dock
through the adjoining premises.

		  	  
 WAIVER:

		  	  
 Notwithstanding anything to the contrary herein, each party hereby
waives all rights of recovery against the other party, and such other party’s insurance carrier (by way of subrogation or otherwise), for all losses, damages or injuries to the leased premises, any improvements thereon or any personal property
of either party therein, to the extent such waiver does not invalidate or materially increase the cost of the insurance coverage of either party and to the extent such losses, damages or injuries are covered by insurance the damaged party is
required to carry hereunder or other elects to maintain; provided that the foregoing waiver by either party shall not apply with respect to any loss, damage or injury to the extent caused by the negligence or willful misconduct of the other party,
its agents, employees, representatives or contractors.

		  	  
 GOVERNING LAW:

		  	  
 Lease shall be governed by and construed in accordance with the laws
of the Commonwealth of Massachusetts.

 IN WITNESS WHEREOF, the said parties hereunto set their hands and seals this Fourth day of April, 2007.

															
	 /s/ Michael P. Malone
	  		  		  		  	 /s/ Carol Toomey

	LESSEE	  		  		  	LESSOR
	Technical Communications Corporation	  		  		  	Batstone LLC
	Michael P. Malone	  		  		  	Carol Toomey
	Chief Financial OfficerMortgage Loan Purchase Agreement, dated March 1, 2007

 EXHIBIT 10.1 
 EXECUTION 
  

 HOMEBANC MORTGAGE CORPORATION, 
 SELLER 
 and 
 HMB ACCEPTANCE CORP., 
 DEPOSITOR 
 MORTGAGE LOAN PURCHASE AGREEMENT

 Dated as of March 1, 2007 
 HomeBanc Mortgage Trust 2007-1 
 (Mortgage Pass-Through Certificates) 
  

 TABLE OF CONTENTS 
  

					
	 Section 1.
	 	Sale and Purchase of Mortgage Loans.	  	2
			
	 Section 2.
	 	Purchase Price of Mortgage Loans.	  	2
			
	 Section 3.
	 	Transfer of the Mortgage Loans.	  	2
			
	 Section 4.
	 	Representations and Warranties of the Seller.	  	4
			
	 Section 5.
	 	Covenants of the Seller.	  	6
			
	 Section 6.
	 	Cure, Repurchase and Substitution Obligations.	  	6
			
	 Section 7.
	 	Conditions to Obligation of the Depositor.	  	8
			
	 Section 8.
	 	Mandatory Delivery; Grant of Security Interest.	  	9
			
	 Section 9.
	 	Indemnification.	  	10
			
	 Section 10.
	 	Notices.	  	11
			
	 Section 11.
	 	Severability of Provisions.	  	12
			
	 Section 12.
	 	Governing Law.	  	13
			
	 Section 13.
	 	Agreement of the Seller.	  	13
			
	 Section 14.
	 	Survival.	  	13
			
	 Section 15.
	 	Assignment; Third Party Beneficiaries.	  	13
			
	 Section 16.
	 	Miscellaneous.	  	13
			
	 Section 17.
	 	Request for Opinions.	  	15
			
	 Schedule I
	 	 Mortgage Loan Schedule
	  	
			
	 Exhibit A
	 	 Representations and Warranties of HomeBanc Mortgage Corporation
	  	

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 i 

 MORTGAGE LOAN PURCHASE AGREEMENT 
 This MORTGAGE LOAN PURCHASE AGREEMENT dated as of March 1, 2007 (this “Agreement”), is by and between HMB Acceptance Corp., a Delaware
corporation (the “Depositor”) and HomeBanc Mortgage Corporation, a Delaware corporation (the “Seller”). 
 RECITALS

 (1) Schedule I attached hereto and made a part hereof lists (I) one pool of conventional, first lien, adjustable rate,
residential mortgage loans, divided into three loan groups, and (II) one pool of conventional, second lien, fixed and adjustable rate, residential mortgage loans (collectively, the “Mortgage Loans”) currently owned by the Seller that the
Seller desires to sell to the Depositor. 
 (2) The Depositor desires to purchase the Mortgage Loans from the Seller and intends immediately
thereafter to transfer the Mortgage Loans and any other assets constituting the Trust Fund, and assign all its rights and delegate all of its obligations under this Agreement, to HomeBanc Mortgage Trust 2007-1 (the “Issuing Entity”) for
the benefit of the Certificateholders pursuant to the terms of a pooling and servicing agreement (the “Pooling and Servicing Agreement”) dated as of March 1, 2007, among the Depositor, HomeBanc Mortgage Corporation, as Seller and as
servicer (in such capacity, the “Servicer”), Wells Fargo Bank, N.A., as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”), U.S.
Bank National Association, as trustee (in such capacity, the “Trustee,” and Wilmington Trust Company, as Delaware trustee. 
 (3)
Pursuant to the terms of the Pooling and Servicing Agreement, the HomeBanc Mortgage Trust Mortgage Pass-Through Certificates evidencing 100% of the benefit and ownership interest in the Trust Fund will be issued to the Depositor, in consideration of
the Depositor’s assignment of the assets of the Trust Fund to the Trustee. 
 (4) The Certificates to be delivered to the Depositor or
its designee(s), registered in such names as the Depositor shall designate, will be designated as the HomeBanc Mortgage Trust 2007-1 Mortgage Pass-Through Certificates, Class I-1A-1, Class I-1A-2, Class I-2A-1, Class I-2A-2, Class I-3A-1, Class
I-3A-2, Class II-A, Class I-B-1, Class I-B-2, Class I-B-3, Class I-B-4, Class I-B-5, Class I-B-6, Class II-B, Class II-M-1, Class II-M-2, Class I-1X, Class I-2X, Class I-3X, Class II-X and Class R. 
 (5) Capitalized terms used and not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement. 
 AGREEMENT 
 NOW THEREFORE, in consideration
of the mutual promises herein made and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows: 
 Section 1. Sale and Purchase of Mortgage Loans. 
 (a) Subject to the terms and conditions of this Agreement, the Seller hereby sells, transfers and assigns to the Depositor on the date of issuance of the Securities, which is expected to be on or about March 30,
2007 (the “Closing Date”), and the Depositor hereby purchases, the Mortgage Loans having an aggregate principal balance as of March 1, 2007 (the “Cut-off Date”), of $300,008,828.09, including all related Mortgage Files and
any Insurance Proceeds, REO Property, Liquidation Proceeds and other recoveries relating to the Mortgage Loans, and all income, revenues, issues products, revisions, substitutions, replacements, profits, rents and all cash and non-cash proceeds of
the foregoing. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 

 (b) The Seller and the Depositor have agreed upon which of the mortgage loans owned by the Seller are to
be purchased by the Depositor pursuant to this Agreement, and the Seller has prepared, or has provided information to the Depositor enabling the Depositor to prepare, Schedule I attached hereto (“Schedule I”), setting forth
information with respect to the Mortgage Loans to be purchased by the Depositor as of the Closing Date. The Seller shall, with the Depositor’s consent, amend or modify, or provide information to the Depositor enabling the Depositor to amend or
modify Schedule I on or prior to the Closing Date if necessary to reflect the actual Mortgage Loans transferred by the Seller and accepted by the Depositor on the Closing Date. Schedule I, as so amended or modified, shall conform to the
requirements of the Depositor as set forth in this Agreement and to the definition of “Mortgage Loan Schedule” under the Pooling and Servicing Agreement, and shall be the definitive Mortgage Loan Schedule attached as an exhibit to the
Pooling and Servicing Agreement. 
 Section 2. Purchase Price of Mortgage Loans. 
 (a) On the Closing Date, as full consideration for the Seller’s sale of the Mortgage Loans to the Depositor, the Depositor shall deliver to the
Seller cash equal to $299,924,078.09. 
 (b) The Depositor or any assignee or transferee of the Depositor (which may include the Issuer,
acting on behalf of the Noteholders) shall be entitled to all Monthly Payments due after the Cut-off Date, and all curtailments or other principal prepayments received with respect to the Mortgage Loans paid by each borrower after the Cut-off Date,
except that the Depositor or any assignee or transferee of the Depositor will not be entitled to any curtailments or other prepayments received on or after the Cut-off Date but reflected in the aggregate Cut-off Date Balance. All Monthly Payments
due on or before the Cut-off Date and collected on or after the Cut-off Date shall belong to the Seller. 
 (c) Pursuant to the Pooling and
Servicing Agreement, the Depositor will transfer and assign all its right, title and interest in and to the Mortgage Loans and any other assets constituting the Trust Fund to the Issuing Entity in consideration of the issuance of the Certificates to
the Depositor or its designee(s). 
 Section 3. Transfer of the Mortgage Loans. 
 (a) Mortgage File. For purposes of this Agreement, the “Mortgage File” will be as defined in the Pooling and Servicing Agreement.

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 2 

 (b) Transfer of Ownership. Upon the sale of any Mortgage Loans, the ownership of each Mortgage
Loan Document (as defined below) with respect thereto shall be vested in the Depositor, and the ownership of all other records and documents with respect thereto prepared by or which come into the possession of the Seller shall immediately vest in
the Depositor. The Seller shall, upon the direction of the Depositor, promptly deliver to U.S. Bank National Association (the “Custodian”) or such other designee as the Depositor may direct, any documents that come into its possession with
respect to such Mortgage Loans following such sale. Prior to such delivery, the Seller shall hold any such documents for the benefit of the Depositor, its successors and assigns. 
 (c) Delivery of Mortgage Files. To the extent not previously delivered to the Depositor or a designee of the Depositor, the Seller shall, not
later than two Business Days prior to the Closing Date, at the direction of the Depositor, deliver to the Custodian, each of the mortgage loan documents required to be included in the Mortgage File pursuant to Section 2.01(b) of the Pooling and
Servicing Agreement (the “Mortgage Loan Documents”). The Mortgage Note for each such Mortgage Loan shall be endorsed in blank or as otherwise directed by the Depositor, and the Mortgage for each such Mortgage Loan shall name the Depositor,
the Custodian or such other party as designated by the Depositor as mortgagee or beneficiary, as appropriate, or be assigned in blank or as otherwise directed by the Depositor. 
 Prior to the transfer and sale of any Mortgage Loans, the Mortgage Loan Documents delivered to the Custodian shall be held by the Custodian for the
benefit of the Seller and the possession by the Custodian of such Mortgage Loan Documents will be at the will of the Seller and will be in a custodial capacity only. Following the transfer and sale of any Mortgage Loans from the Seller to the
Depositor in accordance with the terms and upon satisfaction of the conditions of this Agreement, the Custodian will hold all Mortgage Loan Documents delivered to it hereunder for the benefit of the Depositor, as its agent and bailee. The Custodian
will act as a custodian for the receipt and custody of all Mortgage Files and, after the transfer of any Mortgage Loans from the Depositor to the Issuer, the Custodian will hold all Mortgage Loan Documents delivered to it hereunder for the benefit
of the Issuing Entity and on behalf of the Certificateholders. 
 (d) Examination of Mortgage Loan Documents: Acceptance of Mortgage
Loans. To the extent not previously delivered to the Depositor or a designee of the Depositor, the Seller shall, prior to the Closing Date, either (i) deliver to the Depositor or its designee in escrow, for examination, the Mortgage Loan
Documents pertaining to each Mortgage Loan then being sold by it or (ii) make such Mortgage Loan Documents available to the Depositor or its designee for examination at the Seller’s offices or at such other place as the Seller shall
specify. Any such Mortgage Loan Documents so held by the Seller and so made available to the Depositor or its designee shall be held by the Seller and so made available solely as a matter of convenience to the Depositor or its designee and in lieu
of delivering such Mortgage Loan Documents to the Depositor or its designee. The Depositor, the Custodian or a designee of either entity may review the Mortgage Loan Documents to verify that all documents required to be included in each Mortgage
File (as such term has been defined in the Pooling and Servicing Agreement) are so included. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 3 

 Prior to the Closing Date, the Seller shall cause the Custodian to review the documents delivered
pursuant to Section 3(c) hereof to ascertain that, as to each Mortgage Loan listed on Schedule I, (i) all documents required to be delivered by the Seller pursuant to Section 3(c) have been received, (ii) such documents appear
regular on their face and relate to such Mortgage Loan and (iii) the information on Schedule I accurately reflects the information set forth in the corresponding Mortgage File, to the extent required by Section 2.01 of the Pooling and
Servicing Agreement. An additional review shall be conducted by the Custodian or its designee prior to the first anniversary of the Closing Date to determine that all Mortgage Loan Documents required to be included in the Mortgage File are included
therein. If at any time the Depositor or the Trustee, or the Custodian, discovers or receives notice that any Mortgage Loan Document is missing or defective in any material respect with respect to any Mortgage Loan, the Seller shall correct or cure
any such omission or defect or, if such omission or defect materially impairs the value of the Mortgage Loan, repurchase the defective Mortgage Loan or substitute for such defective Mortgage Loan a Qualified Substitute Mortgage Loan in accordance
with and if permitted by the terms of Section 6 hereof. At the time of such repurchase or substitution, the Custodian shall release documents in its possession relating to such Mortgage Loan to the Seller. The fact that the Depositor, the
Trustee or a designee of either entity has conducted or has failed to conduct any partial or complete examination of the Mortgage Loan Documents prior to the Closing Date shall not affect the rights of the Depositor (or any assignee or successor
thereof) to demand repurchase or other relief as provided herein. 
 (e) Recordation of Assignments of Mortgage. Subject to the sale
of the Mortgage Loans by the Seller to the Depositor, the Depositor hereby authorizes and instructs the Seller, and the Seller hereby agrees, to record all Assignments required to be contained in the Mortgage File to the extent required pursuant to
Section 2.01 of the Pooling and Servicing Agreement. All recording fees relating to the recordation of the Assignments as described above shall be paid by the Seller. With respect to any Non-MERS Mortgage Loans, if the Trustee does not receive,
within the time specified in the Pooling and Servicing Agreement, evidence satisfactory to it of such recording with respect to any Mortgage Loan to the extent required pursuant to Section 2.01 of the Pooling and Servicing Agreement, the Seller
shall, in cooperation with the Trustee, correct or cure any such omission or repurchase the affected Mortgage Loan within 90 days of such demand, which demand shall be made within the time specified in the Pooling and Servicing Agreement (including
any such extensions provided for therein). 
 Section 4. Representations and Warranties of the Seller. 
 The Seller hereby represents and warrants to the Depositor as follows: 
 (a) The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has full power and authority (i) to conduct its business as presently conducted by
it and (ii) to execute and deliver this Agreement and perform its obligations under this Agreement. The Seller is and will remain in compliance with the laws of each state in which any Mortgaged Property is located to the extent necessary to
perform its obligations in respect of this Agreement. 
 (b) The execution and delivery of this Agreement, the performance by the Seller of
its obligations hereunder and the consummation of the transactions contemplated hereby have been 

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 4 

 
duly authorized by all necessary action on the part of the Seller. This Agreement has been duly executed and delivered by the Seller and constitutes a legal,
valid and binding obligation of the Seller, enforceable in accordance with its respective terms subject to bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally and to general principles
of equity and public policy considerations underlying the securities laws, to the extent that such public policy considerations limit the enforceability of the provisions of this Agreement which purport to provide indemnification from securities
laws liabilities. 
 (c) The execution, delivery and performance of this Agreement by the Seller, and the consummation of the transactions
contemplated hereby, will not (i) violate or conflict with any law, rule, regulation, order, judgment, award, administrative interpretation, injunction, writ, decree or the like affecting the Seller or by which the Seller is bound or
(ii) result in a breach of or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under any indenture or other material agreement to which the Seller is a party or by which the Seller is
bound, which in the case of either clause (i) or (ii) will have a material adverse effect on the Seller’s ability to perform its obligations under this Agreement. 
 (d) No authorization, consent, approval, license, exemption or other action by or notice to or registration or filing with any governmental authority or
administrative or regulatory body is required for either the execution, delivery or performance of this Agreement by the Seller or the consummation of the transactions contemplated hereby, except such as shall have been made or obtained on or prior
to the Closing Date. 
 (e) There are no pending or, to the best of the Seller’s knowledge, threatened actions, proceedings or
investigations against the Seller before any court, governmental arbitrator or instrumentality which if determined adversely to the Seller may reasonably be expected, individually or in the aggregate, to (i) have a material and adverse affect
on the Seller’s ability to perform its obligations under this Agreement or (ii) to affect the legality, validity or enforceability of this Agreement. 
 (f) The Seller is solvent and the sale of the Mortgage Loans will not cause the Seller to become insolvent. The sale of the Mortgage Loans is not undertaken with the intent to hinder, delay or defraud any of the
Seller’s creditors. 
 (g) The transfer of the Mortgage Loans to the Depositor at the Closing Date will be treated by the Seller for
financial accounting and reporting purposes as a sale. 
 (h) The Seller has not dealt with any broker or agent or other Person who might be
entitled to a fee, commission or compensation in connection with the transaction contemplated by this Agreement other than the Depositor and its affiliates. 
 (i) The Seller is not in default with respect to any order or decree of any court, regulation or demand of any federal, state, municipal or governmental agency, which default would materially and adversely affect the
condition (financial or other) or operations of the Seller or its properties or the consequences of which would have a material adverse effect on the Seller’s ability to perform its obligations under this Agreement. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 5 

 (j) The transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller
hereunder are not subject to the bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction. 
 (k) The
transactions contemplated by this Agreement are in the ordinary course of business of the Seller. 
 (l) Each of the representations and
warranties set forth in Exhibit A hereto is true and correct with respect to the Mortgage Loans as of the Closing Date. 
 Section 5.
Covenants of the Seller. 
 The Seller hereby covenants with the Depositor as follows: 
 (a) On or before the Closing Date, the Seller shall take all steps required of it to effectuate the transfer of the Mortgage Loans to the Issuer, as
transferee of the Depositor, free and clear of any lien, charge or encumbrance. 
 (b) The Seller shall use its best efforts to make
available to counsel for the Depositor in executed form each of the documents listed in Section 7(b) below no later than two Business Days before the Closing Date, it being understood that such documents are to be released and delivered only on
the closing of the transaction contemplated hereby and the sale of the Securities. 
 (c) The Seller shall deliver or cause to be delivered
to the Depositor (i) an Opinion of Counsel as to various corporate matters substantially in a form satisfactory to the Depositor and (ii) such other Opinions of Counsel, if any, as are required by any Rating Agency for the issuance of the
ratings on the Certificates specified in Section 7(d) below. 
 Section 6. Cure, Repurchase and Substitution Obligations.

 (a) Each of the representations and warranties of the Seller contained herein shall survive the purchase by the Depositor of any of the
Mortgage Loans and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes and notwithstanding subsequent termination of this Agreement or the Pooling and Servicing Agreement. The
representations and warranties shall not be impaired by any review and examination of Mortgage Loan Documents or other documents evidencing or relating to the Mortgage Loans or any failure on the part of the Depositor to review or examine such
documents and shall inure to the benefit of any assignee, transferee or designee of the Depositor, including the Issuer for the benefit of the Certificateholders and the Custodian. With respect to the representations and warranties contained herein
that are made to the best of the Seller’s knowledge or as to which the Seller has no knowledge, if it is discovered by the Seller, the Depositor, the Custodian or the Trustee that the substance of any such representation and warranty is
inaccurate and such inaccuracy materially and adversely affects the value of the related Mortgage Loan, then notwithstanding the Seller’s knowledge or lack of knowledge with respect to the inaccuracy of such representation and warranty at the
time it was made, the Seller shall take the action described in the following paragraph in respect of such Mortgage Loan. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 6 

 (b) Upon discovery or receipt of notice by the Seller, the Depositor, the Trustee or the Custodian of any
missing or materially defective document in any Mortgage File, or a breach of any of the Seller’s representations and warranties set forth in Section 4 hereof with respect to any Mortgage Loan, which in any of the foregoing cases
materially and adversely affects the value of any Mortgage Loan or the interest therein of the Depositor, the Trustee or the Certificateholders, the party discovering or receiving notice of such missing or materially defective document, breach, or
default shall give prompt written notice to the others. Upon its discovery or its receipt of notice of any such missing or materially defective document, breach or default (the “Defect Discovery Date”), the Seller shall either
(a) within 90 days of discovery or receipt of such notice, provide the Custodian with such missing documents or cure such defect, breach or default, in all material respects or (b) within 90 days of such discovery or receipt of such
notice, either repurchase the affected Mortgage Loan at the purchase price therefor or cause the removal of such Mortgage Loan from the Trust Fund (in which case it shall become a Deleted Mortgage Loan) and substitute therefor one or more Qualified
Substitute Mortgage Loans as defined in the Pooling and Servicing Agreement; provided, however, that any such substitution shall occur within two years of the Closing Date. The Trustee or its designee shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Mortgage Loan from the terms of this Agreement and the Pooling and Servicing Agreement and the addition, if any, of a Qualified Substitute Mortgage Loan. In order to effect a substitution pursuant to this Section, the
Seller will deliver (i) to the Custodian each of the Mortgage Loan Documents required to be contained in the Mortgage File with respect to the Substitute Mortgage Loan(s) and (ii) if the aggregate Scheduled Principal Balance on the date of
substitution of the Qualified Substitute Mortgage Loan(s) is less than the aggregate Scheduled Principal Balance of the Deleted Mortgage Loan(s) (after application of Monthly Payments due in the month of substitution), to the Issuing Entity cash in
an amount equal to such substitution adjustment amount. Any repurchase pursuant to this Section shall be accomplished by the delivery into the Custodial Account, or at the direction of the Depositor, on (or determined as of) the last day of the
calendar month in which such repurchase is made, of the purchase price for the Mortgage Loans to be repurchased. 
 (c) In addition to such
repurchase or substitution obligation, the Seller shall indemnify the Depositor and hold it harmless against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and other costs and
expenses resulting from any claim, demand, defense or assertion based on or grounded upon, or resulting from, a breach of the Seller’s representations and warranties contained in this Agreement. It is understood and agreed that the obligations
of the Seller set forth in this Section 6 to cure, substitute for or repurchase a defective Mortgage Loan and to indemnify the Depositor as provided in this Section 6 constitute the sole remedies of the Depositor respecting a breach of the
foregoing representations and warranties. 
 (d) The obligations of the Seller set forth in this Agreement to cure or to repurchase a
materially defective Mortgage Loan or to substitute a Qualified Substitute Mortgage Loan for such Mortgage Loan and to indemnify the Depositor and others as provided in this Agreement constitute the sole remedies of the Depositor and the Issuing
Entity against the Seller respecting a defective document in any Mortgage File or a breach of representations and warranties of the Seller set forth in Section 4 hereof. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 7 

 Section 7. Conditions to Obligation of the Depositor. 
 The obligation of the Depositor hereunder to purchase the Mortgage Loans is subject to: 
 (a) The representations and warranties of the Seller under this Agreement (exclusive of Exhibit A hereto) shall be accurate in all material respects as of
the Closing Date, and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement; 
 (b) The Depositor shall have received, or the Depositor’s attorneys shall have received, in escrow (to be released from escrow at the time of closing), the following documents in such forms as are agreed upon and acceptable to the
Depositor, duly executed by all signatories other than the Depositor as required pursuant to the respective terms thereof: 
 (i) An Opinion of Counsel for the Seller as to various corporate matters and such other Opinions of Counsel as are necessary in order to obtain the ratings set forth in Section 7(d) below, each of which shall be acceptable to the
Depositor, its counsel, the Underwriter, its counsel and the Rating Agencies referred to below; 
 (ii) The Pooling and
Servicing Agreement referred to in the Recitals; 
 (iii) A letter from Deloitte & Touche LLP dated the date hereof
containing in substance the information required by Section 6(c) of the underwriting agreement dated March 29, 2007, among the Depositor, the Seller and Bear, Stearns & Co. Inc.; and 
 (iv) The Seller shall have delivered to the Custodian, in escrow, all documents (including, without limitation, the Mortgage assigned by
the Seller in blank or to the Trustee or Custodian and the Mortgage Note endorsed in blank or to the Issuer or Custodian with respect to each Mortgage Loan) required to be delivered hereunder and shall have released its interest therein to the
Depositor or its designee; 
 (c) All other terms and conditions of this Agreement shall have been complied with; 
 (d) The receipt of written confirmation from each of Moody’s Investors Service, Inc. (“Moody’s”) and Standard & Poor’s
Ratings Services, a division of The McGraw-Hill Companies, Inc. (“S&P”), as to the assignment of the ratings shown in the following table: 
  

					
	 Class
	  	 Moody’s
	  	 S&P

	 I-1A-1
	  	Aaa	  	AAA
			
	 I-1A-2
	  	Aaa	  	AAA
			
	 I-1X
	  	Aaa	  	AAA
			
	 I-2A-1
	  	Aaa	  	AAA
			
	 I-2A-2
	  	Aa1	  	AAA

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 8 

					
	 Class
	  	 Moody’s
	  	 S&P

	 I-2X
	  	Aaa	  	AAA
			
	 I-3A-1
	  	Aaa	  	AAA
			
	 I-3A-2
	  	Aa1	  	AAA
			
	 I-3X
	  	Aaa	  	AAA
			
	 II-A
	  	Aaa	  	AAA
			
	 I-B-1
	  	Aa2	  	AA
			
	 I-B-2
	  	A2	  	A
			
	 I-B-3
	  	Baa2	  	BBB
			
	 I-B-4
	  	BB	  	N/R
			
	 I-B-5
	  	B	  	N/R
			
	 II-M-1
	  	Aa2	  	AA
			
	 II-M-2
	  	A2	  	A
			
	 II-B
	  	Baa2	  	BBB

 Section 8. Mandatory Delivery; Grant of Security Interest. 
 The sale and delivery on the Closing Date of the Mortgage Loans described in the Mortgage Loan Schedule is mandatory, it being specifically understood and
agreed that each Mortgage Loan is unique and identifiable on the date hereof and that an award of money damages would be insufficient to compensate the Depositor for the losses and damages incurred by the Depositor in the event of the Seller’s
failure to deliver the Mortgage Loans on or before the Closing Date. The Seller hereby grants to the Trustee for the benefit of the Certificateholder, a lien on and a continuing first priority security interest in each Mortgage Loan and each
document and instrument evidencing each Mortgage Loan to secure the performance by the Seller of its obligation to deliver such Mortgage Loans hereunder. All rights and remedies of the Depositor under this Agreement are distinct from, and cumulative
with, any other rights or remedies under this Agreement or afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively. 
 Any Mortgage Loans rejected by the Depositor shall concurrently therewith be released from the security interest created hereby. The Seller agrees that,
upon acceptance of the Mortgage Loans by the Depositor or its designee and delivery of payment to the Seller, that its security interest in the Mortgage Loans shall be released. All rights and remedies of the Depositor under this Agreement are
distinct from, and cumulative with, any other rights or remedies under this Agreement or afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 9 

 Section 9. Indemnification. 
 (a) The Seller agrees to indemnify and hold harmless the Depositor and each person, if any, who controls the Depositor within the meaning of
Section 15 of the Securities Act (collectively, the “Indemnified Party”) against any and all losses, claims, expenses, damages or liabilities to which the Indemnified Party may become subject, under the Securities Act or otherwise,
insofar as such losses, claims, expenses, damages or liabilities (or actions in respect thereof) arise out of or are based upon (a) any untrue statement or alleged untrue statement of any material fact contained in the Prospectus Supplement or
the omission or the alleged omission to state therein a material fact necessary in order to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or
omission or alleged omission was made in reliance upon and in conformity with information furnished in writing to the Depositor by the Seller specifically for use therein, which shall include the information set forth in the Prospectus Supplement
under “Risk Factors,” “The Seller” and “Description of the Mortgage Pool;” (b) any representation, warranty or covenant made by the Seller in this Agreement or in the Pooling and Servicing Agreement being, or
alleged to be, untrue or incorrect in any material respect; or (c) the information regarding the mortgage loan data as set forth on the Mortgage Loan Schedule attached hereto as Schedule I and made a part hereof for all purposes being, or
alleged to be, untrue or incorrect in any material respect; provided, however, that to the extent that any such losses, claims, expenses, damages or liabilities to which the Indemnified Party may become subject arise out of or are based upon both
(1) statements, omissions, representations, warranties, covenants or information of the Seller described in clause (a), (b) or (c) above and (2) any other factual basis, the Seller shall indemnify and hold harmless the
Indemnified Party only to the extent that the losses, claims, expenses, damages or liabilities of the person or persons asserting the claim are determined to arise from or be based upon matters set forth in clauses (a), (b) and/or
(c) above. This indemnity will be in addition to any liability that the Seller may otherwise have. 
 (b) Promptly after receipt by the
Indemnified Party of notice of the commencement of any such action, the Indemnified Party will, if a claim in respect thereof is to be made against the Seller under this Section 9, promptly notify the Seller in writing of the commencement
thereof and the Seller, upon the request of the Indemnified Party, shall retain counsel satisfactory to the Indemnified Party to represent the Indemnified Party and shall pay the reasonable fees and disbursements of such counsel related to such
proceeding (in which case the Seller shall not thereafter be responsible for the fees and expenses of any separate counsel retained by the Indemnified Party except as set forth below). In any such proceeding, the Indemnified Party shall have the
right to employ separate counsel (including local counsel), and the Seller shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the Seller to represent the Indemnified Party would
present such counsel with a conflict of interest, (ii) the actual or potential defendants in, or targets of, any such action include both the Indemnified Party and the Seller and the Indemnified Party shall have reasonably concluded that there
may be legal defenses available to it that are different from or additional to those available to the Seller, (iii) the Seller shall not have employed counsel satisfactory to the 

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 10 

 
Indemnified Party to represent the Indemnified Party within a reasonable time after notice of the institution of such action or (iv) the Seller shall
authorize the Indemnified Party to employ separate counsel at the expense of the Seller. The Seller shall reimburse the Indemnified Party for such fees, costs and expenses as they are incurred. The Seller will not, without the prior written consent
of the Indemnified Party, settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether
or not the Indemnified Party is an actual or potential party to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each Indemnified Party from all liability arising out of such claim, action,
suit or proceeding. In addition, for so long as the Seller is covering all costs and expenses of the Indemnified Party as provided herein, no Indemnified Party will settle or compromise or consent to the entry of any judgment with respect to any
pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder without the consent of the Seller, which consent shall not be unreasonably withheld. The Seller shall respond to any
written request to provide such consent within ten (10) days after receipt thereof; if the Seller fails to respond within such time period, the Seller shall be deemed to have responded in the negative to such request. 
 (c) Nothing in this Agreement shall be construed to allow an Indemnified Party to recover punitive damages or consequential damages from the Seller;
provided however, that this Section shall not limit indemnification of any Indemnified Party for damages (however construed) actually recovered from an Indemnified Party by third parties. 
 Section 10. Notices. 
 All
demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered to or mailed by registered mail, postage prepaid, or transmitted by telecopier, telex or telegraph and confirmed by
a similar mailed writing, as follows: 
  

	 	(a)	If to the Depositor: 

 HMB Acceptance Corp.

 2002 Summit Boulevard 
 Atlanta, Georgia 30319 
 Attention: Debra F. Watkins, EVP Capital Markets 
 Telecopier: (404) 705-2301 
 with a copy, given in the manner prescribed above, to each of: 
 HMB Acceptance Corp.

 2002 Summit Boulevard 
 Atlanta, Georgia 30319 
 Attention: General Counsel 
 Telecopier: (404) 303-4069 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 11 

 Edward E. Gainor 
 McKee Nelson LLP 
 1919 M Street, N.W. 
 Washington, D.C. 20036 
 Telecopier: (202) 775-8586 
 (b) If to the Seller: 
 HomeBanc Mortgage Corporation 
 2002 Summit Boulevard 
 Atlanta, Georgia 30319 
 Attention: Debra F. Watkins, EVP Capital Markets 
 Telecopier: (404) 705-2301 
 with a copy, given in the manner prescribed above, to: 
 HomeBanc Mortgage Corporation

 2002 Summit Boulevard 
 Atlanta, Georgia 30319 
 Attention: General Counsel 
 Telecopier: (404) 303-4069 
 Any party may alter the address to which communications or copies are to be sent by giving notice of such change of address in conformity with the provisions of this Section for the giving of notice. 
 Section 11. Severability of Provisions. 
 Any part, provision, representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining
provisions hereof. Any part, provision, representation or warranty of this Agreement that is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other
jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 12 

 Section 12. Governing Law. 
 THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 13. Agreement of the Seller. 
 The Seller agrees to execute and deliver such instruments and take such actions as the Depositor, the Trustee, the Delaware Trustee, the Custodian or the Securities Administrator may, from time to time, reasonably request in order to
effectuate the purpose and to carry out the terms of this Agreement, the Custodial Agreement or the Pooling and Servicing Agreement, including, without limitation, the execution and filing of any UCC financing statements to evidence the interests of
the Depositor and any of its transferees in the Mortgage Loans and other assets assigned to the Issuing Entity. 
 Section 14.
Survival. 
 The Seller agrees that the representations, warranties and agreements made by it herein and in any certificate or other
instrument delivered pursuant hereto shall be deemed to be relied upon by the Depositor, notwithstanding any investigation heretofore or hereafter made by the Depositor or on the Depositor’s behalf, and that the representations, warranties and
agreements made by the Seller herein or in any such certificate or other instruments shall survive the delivery of and payment for the Mortgage Loans. 
 Section 15. Assignment; Third Party Beneficiaries. 
 The Seller hereby acknowledges that the
Depositor will assign all its rights hereunder (except the Depositor’s rights set forth in Section 9) to the Issuer. The Seller agrees that, upon the execution of the Pooling and Servicing Agreement, the Issuing Entity and the
Certificateholders as assignee of the Depositor will have all such rights and remedies provided to the Depositor hereunder (except those rights of the Depositor set forth in Section 9) and this Agreement will inure to the benefit of the Issuing
Entity and the Certificateholders. The Issuing Entity and Trustee shall be intended third party beneficiaries of this Agreement. 
 Section 16. Miscellaneous. 
 (a) This Agreement may be executed in two or more counterparts, each of which when so
executed and delivered shall be an original, but all of which together shall constitute one and the same instrument. This Agreement shall inure to the benefit of, and be binding upon, the parties hereto and their respective successors and assigns.

 (b) Any person into which the Seller may be merged or consolidated or any person resulting from a merger or consolidation involving the
Seller or any person succeeding to the 

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 13 

 
business of the Seller shall be considered the successor of the Seller hereunder, without the further act or consent of either party. Except as provided in
Section 15 and the preceding sentence, this Agreement may not be assigned, pledged or hypothecated by any party without the written consent of each other party to this Agreement. 
 (c) This Agreement supersedes all prior agreements and understandings relating to the subject matter hereof. Neither this Agreement nor any term hereof
may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against whom enforcement of the change, waiver, discharge or termination is sought. The headings in this Agreement are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof. 
 (d) The Depositor shall immediately effect the redelivery of
the Mortgage Loans and all Mortgage Loan Documents and any security interest created by Section 8 hereof shall be deemed to have been released if, on the Closing Date, any of the conditions set forth in Section 7 hereof shall not have been
satisfied or waived. 
 (e) It is the express intent of the parties hereto that the conveyances of the Mortgage Loans by the Seller to the
Depositor as contemplated by this Agreement be construed as a sale of the Mortgage Loans by the Seller to the Depositor. It is, further, not the intention of the parties that such conveyances be deemed a pledge of the Mortgage Loans by the Seller to
the Depositor or any assignee of the Depositor, including, but not limited to, the Trustee, to secure a debt or other obligation of the Seller. Nevertheless, if, notwithstanding the intent of the parties, the Mortgage Loans are held to be property
of the Seller then (i) this Agreement shall also be deemed to be a security agreement within the meaning of Article 9 of the Delaware Uniform Commercial Code and the Uniform Commercial Code of any other state as necessary; (ii) the
conveyances provided for herein shall be deemed to be an assignment and a grant by the Seller to the Depositor of a security interest in all of the Seller’s right, title and interest in and to the Mortgage Loans, all insurance policies and
proceeds thereof relating to the Mortgage Loans, all amounts payable by the holder of the Mortgage Loans in accordance with the terms thereof and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments,
securities, or other property, including, without limitation, all amounts from time to time held or invested in the Custodial Account, the Collection Account, the Certificate Account or any other account established under the Pooling and Servicing
Agreement, whether in the form of cash, instruments, securities or other property; (iii) the possession by the Depositor or its agents of Mortgage Notes and such other items of property as constitute instruments, money, negotiable documents or
tangible chattel paper shall be deemed to be “possession by the secured party” for purposes of perfecting the security interest pursuant to Section 8.9A-313 of the Delaware Uniform Commercial Code; and (iv) notifications to
persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as
applicable) of the Depositor for the purpose of perfecting such security interest under applicable law. Any assignment of the interest of the Depositor pursuant to any provision hereof shall also be deemed to be an assignment of any security
interest created hereby. The Seller and the Depositor shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement is deemed to 

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 14 

 
create a security interest in the Mortgage Loans, such security interest will be a perfected security interest of first priority under applicable law and
will be maintained as such throughout the term of this Agreement and the Pooling and Servicing Agreement. 
 (f) The Seller shall not file
any involuntary petition or otherwise institute any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any federal or state bankruptcy or similar law against the Depositor so long as any debt
instrument issued by the Issuer is outstanding and for one year and one day thereafter. 
 Section 17. Request for Opinions.

 The Seller and the Depositor hereby request and authorize McKee Nelson LLP, as their counsel in this transaction, to issue on behalf of the
Seller and the Depositor such legal opinions to the Depositor, the Servicer, the Master Servicer, the Securities Administrator, the Issuing Entity, the Trustee, the Delaware Trustee, the Underwriter and the Rating Agencies as may be
(i) required by any and all documents, certificates or agreements executed in connection with this Mortgage Loan Purchase Agreement or (ii) requested by the Depositor, the Servicer, the Master Servicer, the Securities Administrator, the
Issuing Entity, the Trustee, the Delaware Trustee, the Underwriter or the Rating Agencies, or their respective counsel. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 15 

 IN WITNESS WHEREOF, the parties hereto have caused this Mortgage Loan Purchase Agreement to be executed
and delivered by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	HMB ACCEPTANCE CORP.
		
	By:	 	 /s/ Debra F. Watkins

	Name:	 	Debra F. Watkins
	Title:	 	Executive Vice President
	
	HOMEBANC MORTGAGE CORPORATION
		
	By:	 	 /s/ Debra F. Watkins

	Name:	 	Debra F. Watkins
	Title:	 	Executive Vice President

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 

 SCHEDULE I 
 MORTGAGE LOANS 
 [To be retained in a separate closing binder entitled “Homebanc 2007-1 Mortgage Loan
Schedules” at McKee Nelson LLP] 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 

 EXHIBIT A 
 REPRESENTATIONS AND WARRANTIES OF HOMEBANC CORP. 
 Unless otherwise defined herein, capitalized terms used
herein shall have the meanings assigned to them in this Agreement, or if not assigned in this Agreement, the Pooling and Servicing Agreement dated as of March 1, 2007, among the Depositor, the Seller, the Master Servicer, the Securities
Administrator, the Servicer, the Trustee and the Delaware Trustee. 
 The Seller represents and warrants with respect to each Mortgage Loan
being conveyed by it to the Depositor (for purposes of this Exhibit, the “Mortgage Loan”), as of the Closing Date, as follows: 
 (a) The Seller has good title to and is the sole owner and holder of the Mortgage Loan. 
 (b) Immediately prior to the transfer and
assignment to the Depositor, the Mortgage Note and the Mortgage were not subject to an assignment or pledge, other than with respect to which a release has been obtained in connection with such transfer, and the Seller has full right and authority
to sell and assign the Mortgage Loan. 
 (c) The Seller is transferring such Mortgage Loan to the Depositor free and clear of any and all
liens, pledges, charges or security interests of any nature encumbering the Mortgage Loans. 
 (d) The information set forth on the Mortgage
Loan Schedule is true and correct in all material respects as of the Cut-off Date or such other date as may be indicated in such schedule. 
 (e) The Mortgage Loan has been originated, acquired, serviced, collected and otherwise dealt with in compliance with all applicable federal, state and local laws (including with respect to fraud in the origination) and regulations,
including, without limitation, predatory and abusive lending laws, usury, truth in lending, real estate settlement procedures, consumer credit protection, equal credit opportunity or disclosure laws, and the terms of the related Mortgage Note and
Mortgage. 
 (f) The related Mortgage Note and Mortgage are genuine and each is the legal, valid and binding obligation of the maker thereof,
enforceable in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general equity principles
(regardless of whether such enforcement is considered in a proceeding in equity or at law). 
 (g) The related Mortgage is a valid and
enforceable first or second lien on the related Mortgaged Property, which Mortgaged Property is free and clear of all encumbrances and liens (including mechanics liens) having priority over such lien (other than the related first lien in the case of
a second lien Mortgage) of the Mortgage except for: (i) liens for real estate taxes and assessments not yet due and payable; (ii) covenants, conditions and restrictions, rights of way, easements and other matters of public record as of the
date of recording of such Mortgage, such 

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 B-1 

 
exceptions appearing of record being acceptable to mortgage lending institutions generally or specifically reflected or considered in the lender’s title
insurance policy delivered to the originator of the Mortgage Loan and (iii) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by such
Mortgage. 
 (h) Any security agreement, chattel mortgage or equivalent document related to such Mortgage Loan establishes and creates a
valid and enforceable lien on the property described therein. 
 (i) No payment due on any Mortgage Loan was more than fifty-nine
(59) days past due as of the applicable date set forth on the Mortgage Loan Schedule. 
 (j) The Seller has not impaired, waived,
altered or modified the related Mortgage or Mortgage Note in any material respect, or satisfied, canceled, rescinded or subordinated such Mortgage or Mortgage Note in whole or in part or released all or any material portion of the Mortgaged Property
from the lien of the Mortgage, or executed any instrument of release, cancellation, rescission or satisfaction of the Mortgage Note or Mortgage, in each case other than pursuant to a written agreement or instrument contained in the Mortgage File.

 (k) The Mortgage has not been satisfied, canceled or subordinated (other than to the related first lien in the case of a Second Lien
Mortgage Loan), in whole, or rescinded, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part (except for a release that does not materially impair the security of the Mortgage Loan or a release the
effect of which is reflected in the Loan-to-Value Ratio or Combined Loan-to-Value Ratio, as applicable, for the Mortgage Loan as set forth in the Mortgage Loan Schedule). 
 (l) No condition exists with respect to a Mortgage Loan which could give rise to any right of rescission, set off, counterclaim, or defense including, without limitation, the defense of usury, and no such right has
been asserted. 
 (m) Each Mortgage Loan other than a Cooperative Loan is covered by either (i) a mortgage title insurance policy or
other generally acceptable form of insurance policy customary in the jurisdiction where the Mortgaged Property is located or (ii) if generally acceptable in the jurisdiction where the Mortgaged Property is located, an attorney’s opinion of
title given by an attorney licensed to practice law in the jurisdiction where the Mortgaged Property is located. All of the Seller’s rights under such policies, opinions or other instruments shall be transferred and assigned to the Depositor
upon sale and assignment of the Mortgage Loans hereunder. The title insurance policy has been issued by a title insurer licensed to do business in the jurisdiction where the Mortgaged Property is located, insuring the original lender, its successor
and assigns, as to the first or second priority lien of the Mortgage, as the case may be, in the original principal amount of the Mortgage Loan, subject to the exceptions contained in such policy. The Seller is the sole insured of such mortgagee
title insurance policy, and such mortgagee title insurance policy is in full force and effect and will be in force and effect upon the consummation of the transactions contemplated by this Agreement. The Seller has not made, and the Seller has no
knowledge of, any claims under such mortgagee title insurance policy. The Seller is not aware of 

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 B-2 

 
any action by a prior holder and the Seller has not done, by act or omission, anything that could impair the coverage or enforceability of such mortgagee
title insurance policy or the accuracy of such attorney’s opinion of title. 
 (n) Other than delinquency in payment, there is no
material default, breach, violation or event of acceleration existing under the related Mortgage or the related Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would
constitute a material default, breach, violation or event of acceleration. The Seller has not waived any material default, breach, violation or event of acceleration. 
 (o) With respect to any Mortgage Loan that provides for an adjustable interest rate, all rate adjustments have been performed in accordance with the terms of the related Mortgage Note, subsequent modifications, if
any, and all applicable law. 
 (p) There are no delinquent taxes, ground rents, water charges, sewer rents, assessments, insurance premiums,
leasehold payments, including assessments payable in future installments or other outstanding charges, affecting the related Mortgaged Property. 
 (q) To the Seller’s best knowledge no material litigation or lawsuit relating to the Mortgage Loan is pending. 
 (r) The
Mortgage Loan obligates the mortgagor thereunder to maintain a hazard insurance policy (“Hazard Insurance”) in an amount at least equal to the maximum insurable value of any improvements made to the related Mortgaged Property, and, if it
was in place at origination of the Mortgage Loan, flood insurance, at the mortgagor’s cost and expense. If the Mortgaged Property is in an area identified in the Federal Register by the Federal Emergency Management Agency (“FEMA”) as
having special flood hazards, a flood insurance policy is in effect which met the requirements of FEMA at the time such policy was issued. The Mortgage obligates the Mortgagor to maintain the Hazard Insurance and, if applicable, flood insurance
policy at the Mortgagor’s cost and expense, and on the Mortgagor’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at the Mortgagor’s cost and expense, and to seek reimbursement therefor
from the Mortgagor. The Mortgaged Property is covered by Hazard Insurance (unless such Mortgaged Property is unimproved land). 
 (s) The
Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage, any holdback amounts or any reserve amounts, and the security interest of any applicable security agreement or chattel mortgage.

 (t) The Mortgage contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate
for the realization against the Mortgaged Property of the benefits of the security provided thereby, including (i) in the case of a Mortgage designated as a deed of trust, by trustee’s sale or non-judicial foreclosure and
(ii) otherwise by judicial foreclosure. The Mortgaged Property is not subject to any bankruptcy proceeding or foreclosure proceeding and the Mortgagor has not filed for protection under applicable bankruptcy laws. There is no homestead or other
exemption available to the Mortgagor that would interfere with the right to sell the Mortgaged Property at a trustee’s sale or the right to 

  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 B-3 

 
foreclose the Mortgage. In the event the Mortgage constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been
properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Depositor to the trustee under the deed of trust, except in connection with a trustee’s sale after default by
the related Mortgagor. The Mortgagor has not notified the Seller and the Seller has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers Civil Relief Act. 
 (u) The Mortgaged Property, normal wear and tear excepted, is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other
casualty so as to affect materially and adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended. 
 (v) Except to the extent insurance is in place which will cover such damage, the physical property subject to any Mortgage is free of material damage and is in good repair and there is no proceeding pending or
threatened for the total or partial condemnation of any Mortgaged Property; 
 (w) No improvements on the related Mortgaged Property encroach
on adjoining properties (and in the case of a condominium unit, such improvements are within the project with respect to that unit), and no improvements on adjoining properties encroach upon the Mortgaged Property unless there exists in the Mortgage
File a title policy with endorsements which insure against losses sustained by the insured as a result of such encroachments. 
 (x) None of
the Mortgage Loans (by Principal Balance as of the Cut-off Date) permit negative amortization. 
 (y) With respect to escrow deposits, if
any, all such payments are in the possession of or under the control of, the Seller or the related servicer and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made.

 (z) There are no mechanics’ or similar liens or claims that have been filed for work, labor or material (and no rights are
outstanding that under law could give rise to such lien) affecting the related Mortgaged Property that are or may be liens prior to, or equal or coordinate with, the lien of the related Mortgage. 
 (aa) The Mortgaged Property with respect to each Mortgage Loan is either (i) real property owned by the related Mortgagor in fee simple (including,
in the case of a condominium, a proportionate undivided interest in areas and facilities designated for the common use of condominium owners) or (ii) in the case of a Cooperative Loan, the related Cooperative Shares and Proprietary Lease.

 (bb) All of the Mortgage Loans (by Scheduled Principal Balance as of the Cut-off Date) are first or second lien Mortgage Loans having a
Loan-to-Value Ratio or a Combined Loan-to-Value Ratio, respectively, of less than 125%. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 B-4 

 (cc) No Mortgage Loan was, at the time of origination, subject to the Home Ownership and Equity
Protection Act of 1994 or any comparable state law. 
 (dd) The Mortgage Loan was originated by a mortgagee approved by the Secretary of
Housing and Urban Development pursuant to sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or similar institution which is supervised and examined by
a federal or state authority. 
 (ee) The Servicer for each Mortgage Loan has fully furnished, and will continue to fully furnish, in
accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e. favorable and unfavorable) on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company (three
of the credit repositories), on a monthly basis. 
 (ff) Each Mortgage Loan was originated by the Seller in accordance with the underwriting
standards generally applied by the Seller as set forth in the Prospectus Supplement. 
 (gg) Each primary insurance policy to which any
Mortgage Loan is subject will be issued by an insurer acceptable to Fannie Mae or Freddie Mac and will provide the coverage described in the Prospectus Supplement. All provisions of such primary insurance policy have been and are being complied
with, such policy is in full force and effect, and all premiums due thereunder have been paid. Any Mortgage subject to any such primary insurance policy obligates the Mortgagor thereunder to maintain such insurance and to pay all premiums and
charges in connection therewith at least until Loan-to-Value Ratio of such Mortgage Loan is reduced to less than 80%. The Mortgage Rate for the Mortgage Loan does not include any such insurance premium. 
 (hh) With respect to each Mortgage Loan (a) no Mortgage Loan is a “high cost” or “covered” loan within the meaning of any
applicable federal, state or local predatory or abusive lending law; (b) no Mortgage Loan originated on or after November 27, 2003, is a “High-Cost Home Loan” subject to the New Jersey Home Ownership Security Act of 2003
(N.J.S.A. 46:10B-22 et seq.); no Mortgage Loan is a “High-Cost Home Loan” subject to the New Mexico Home Loan Protection Act (N.M. Stat. Ann. §§58-21A-1 et seq.); (c) no Mortgage Loan is a High-Cost Loan or Covered Loan, as
applicable (as such terms are defined in the then current Standard & Poor’s LEVELS® Glossary, which is now Version 5.7 Revised, Appendix E), and no Mortgage Loan originated on or after October 1, 2002, through March 6, 2003, is governed by the Georgia Fair
Lending Act; (d) no proceeds from any Mortgage Loan were used to finance single-premium credit insurance policies; and (e) no prepayment penalty is payable on any Mortgage Loan for a period in excess of five years following origination.

 (ii) Each mortgage is a “qualified mortgage” for purposes of the REMIC Provisions. 
  

 217418 HomeBanc 2007-1 
 Mortgage Loan Purchase Agreement 
 B-5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00121-of-00352.parquet"}]]