Document:

EX-10.2

 Exhibit 10.2 
 Execution Copy 
  

 
  

SUBSERVICING SUPPLEMENT 
 dated as of May 21, 2013 
 between 

OCWEN LOAN SERVICING, LLC 
 and 
 HLSS HOLDINGS, LLC 

 
  

 

 CONTENTS 

 

					
	Clause	  	Page	 
	 ARTICLE I. DEFINITIONS
	  	 	1	  
		
	 1.1 Definitions
	  	 	1	  
		
	 ARTICLE II. SUBSERVICING
	  	 	3	  
		
	 2.1 Engagement as Subservicer
	  	 	3	  
	 2.2 Servicing Transfer Procedures
	  	 	3	  
	 2.3 Reference to Master Subservicing Agreement
	  	 	3	  
		
	 ARTICLE III. SERVICING FEES
	  	 	3	  
		
	 3.1 Base Subservicing Fee
	  	 	3	  
	 3.2 Performance Fee
	  	 	4	  
		
	 ARTICLE IV. MISCELLANEOUS
	  	 	4	  
		
	 4.1 Incorporation
	  	 	4	  
	 4.2 Third Party Beneficiaries
	  	 	4	  
		
	 SCHEDULE I Servicing Agreements
	  			
	 SCHEDULE II Retained Servicing Fee Percentage
	  			
	 SCHEDULE III Target Ratio Schedule
	  			

 SUBSERVICING SUPPLEMENT 

This SUBSERVICING SUPPLEMENT, dated as of May 21, 2013 (this “Subservicing Supplement”), is by and between HLSS
HOLDINGS, LLC, a Delaware limited liability company (“Servicer”), and OCWEN LOAN SERVICING, LLC, a Delaware limited liability company (“Ocwen”). 

RECITALS: 

WHEREAS, as of the applicable Servicing Transfer Date (as defined herein), Servicer will become the servicer of certain Mortgage Loans
(as defined in the Master Subservicing Agreement) pursuant to the terms of those certain pooling and servicing agreements or other servicing agreements listed in Schedule I hereto; and 

WHEREAS, Servicer and Ocwen are parties to that certain Master Subservicing Agreement dated as of October 1, 2012 (the
“Master Subservicing Agreement”); and 
 WHEREAS, Servicer desires to engage Ocwen to act as subservicer with
respect to the Mortgage Loans relating to those pooling and servicing agreements or other servicing agreements listed in Schedule I hereto, as of the applicable Servicing Transfer Date (as defined herein), and Ocwen desires to act as
subservicer with respect to the Mortgage Loans relating to those pooling and servicing agreements or other servicing agreements, on the terms set forth in the Master Subservicing Agreement, as supplemented by this Subservicing Supplement.

 NOW, THEREFORE, in consideration of the premises and mutual agreements hereinafter set forth and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, Servicer and Ocwen agree as follows: 
 ARTICLE I. 
 DEFINITIONS. 

1.1 Definitions. (a) For purposes of this Subservicing Supplement, the following capitalized terms shall have the respective
meanings set forth or referenced below. 
 “Base Subservicing Fee” has the meaning set forth in
Section 3.1. 
 “Deferred Servicing Agreement” has the meaning set forth in the Sale Supplement.

 “Excess Servicing Advances” shall mean, for any calendar month, the amount, if any, by which the outstanding
Servicing Advances with respect to the Servicing Agreements as of the last day of such calendar month exceeds an amount equal to (a) the Target Ratio for such calendar month multiplied by (b) the unpaid principal balance of the Mortgage
Loans subject to the Servicing Agreements as of the last day of such calendar month. 
  
 Subservicing Supplement 

  
 1 

 “Monthly Servicing Fee” shall mean, for each calendar month, the sum of the
Base Subservicing Fee for such calendar month and the Seller Monthly Servicing Fee (as defined in the Sale Supplement) for such calendar month. 
 “Performance Fee” has the meaning set forth in Section 3.2. 
 “Retained Servicing Fee” shall mean, for any calendar month, an amount equal to the sum of (a) the product of the Retained Servicing Fee Percentage for such calendar month and the
average unpaid principal balance of all Mortgage Loans subject to the Subject Servicing Agreements and the Deferred Servicing Agreements during such calendar month, and (b) the Retained Servicing Fee Shortfall, if any, for the immediately prior
calendar month. 
 “Retained Servicing Fee Percentage” shall mean, for any calendar month, the percentage set
forth on Schedule II to this Subservicing Supplement. 
 “Retained Servicing Fee Shortfall” shall mean,
for any calendar month, beginning in May 2013, an amount equal to the excess, if any, of (a) the Retained Servicing Fee for such calendar month over (b) the excess, if any, of (x) the aggregate Servicing Fees actually received by
Servicer pursuant to the Subject Servicing Agreements and with respect to the Deferred Servicing Agreements during such calendar month (whether directly pursuant to such Subject Servicing Agreement or pursuant to Sale Supplement, as applicable) over
(y) the Monthly Servicing Fee for such calendar month. 
 “Sale Supplement” shall mean that certain Sale
Supplement, dated as of the date hereof, between Servicer and Home Loan Servicing Solutions, Ltd., as Purchasers, and Ocwen, as Seller, as the same may be amended, supplemented or otherwise modified from time to time. 

“Scheduled Termination Date” means, with respect to each Subject Servicing Agreement serviced pursuant to this
Subservicing Supplement, the date which is six (6) years after the closing date of the initial acquisition of assets pursuant to the Sale Supplement. 
 “Servicing Agreement” shall mean each of the pooling and servicing agreements or other servicing agreements listed in Schedule I hereto. 

“Servicing Fees” shall mean, with respect to any Servicing Agreement, the servicing fees payable to Servicer and Home
Loan Servicing Solutions, Ltd. under the Sale Supplement and the Subject Servicing Agreements, including each “servicing fee” payable based on a percentage of the outstanding principal balance of the Mortgage Loans serviced pursuant
to such Servicing Agreement, but excluding any Ancillary Income, Prepayment Interest Excess or any amounts earned in connection with the investment of funds in the related Custodial Accounts and Escrow Accounts. 

“Servicing Transfer Date” shall have the meaning specified in the Sale Supplement. 

“Subject Servicing Agreement” shall mean, as of any date of determination, each Servicing Agreement with respect to
which the Servicing Transfer Date has occurred on or prior to such date and with respect to which the Subservicing Termination Date has not occurred on or prior to such date. 

 
 Subservicing Supplement 

  
 2 

 “Target Ratio” for each calendar month shall mean the amount specified in
Schedule III with respect to such month. 
 (b) Any capitalized term used but not defined in this Subservicing Supplement
shall have the meaning assigned to such term in the Master Subservicing Agreement. 
 ARTICLE II. 

SUBSERVICING 
 2.1 Engagement as Subservicer. Servicer hereby engages Ocwen to act as subservicer, and Ocwen agrees to act as subservicer, with respect to the Mortgage Loans relating to those certain pooling and
servicing agreements or other servicing agreements listed in Schedule I hereto (the “Subject Servicing Agreements”) pursuant to the terms of the Master Subservicing Agreement, as supplement by this Subservicing Supplement, on
and after the related Servicing Transfer Date for such Subject Servicing Agreement. Except as set forth in this Subservicing Supplement or the Master Subservicing Agreement, Ocwen further agrees to be responsible for performing all of the duties and
obligations of Servicer and its subservicers under each Subject Servicing Agreement, and to meet any standards and fulfill any requirements applicable to Servicer or its subservicer under each Subject Servicing Agreement on and after the related
Servicing Transfer Date. 
 2.2 Servicing Transfer Procedures. Servicer and Ocwen each covenant and agree to following
the Servicing Transfer Procedures agreed pursuant to the Sale Supplement with respect to each Subject Servicing Agreement. 

2.3 Reference to Master Subservicing Agreement. Each of Servicer and Subservicer agrees that (a) this Subservicing Supplement
is a “Subservicing Supplement” executed pursuant to Section 2.1 of the Master Subservicing Agreement, (b) the terms of this Subservicing Supplement are hereby incorporated into the Master Subservicing Agreement with
respect to the Subject Servicing Agreements and the related Mortgage Loans to the extent set forth therein, (c) each of the Subject Servicing Agreements listed in Schedule I is a “Subject Servicing Agreement” as such term is
used in the Master Subservicing Agreement on and after the related Servicing Transfer Date, and (d) the terms of this Subservicing Supplement apply to the Subject Servicing Agreements specified herein and not to any other “Subject
Servicing Agreement” as that term is used in the Master Subservicing Agreement. In the event of any conflict between the provisions of this Subservicing Supplement and the Master Subservicing Agreement, the terms of this Subservicing Supplement
shall prevail. 
 ARTICLE III. 
 SERVICING FEES 
 3.1 Base Subservicing Fee. As compensation for its
services with respect to the Subject Servicing Agreements, Servicer shall pay Ocwen a monthly base subservicing fee for each calendar month during which Ocwen is servicing Mortgage Loans with respect to Subject Servicing Agreements pursuant to this
Subservicing Supplement equal to 12.00% of the aggregate Servicing Fees actually received by Servicer and Home Loan Servicing Solutions, Ltd. pursuant to the Subject Servicing Agreements during such calendar month (the “Base Subservicing
Fee”). 
  
 Subservicing Supplement

  
 3 

 3.2 Performance Fee. Servicer shall pay to Ocwen for each calendar month during which
Ocwen is servicing Mortgage Loans with respect to Subject Servicing Agreements pursuant to this Subservicing Supplement a performance fee (the “Performance Fee”) equal to the greater of (a) zero and (b) the excess, if any,
of the aggregate of all Servicing Fees actually received by Servicer pursuant to the Subject Servicing Agreements and with respect to the Deferred Servicing Agreements during such calendar month (whether directly pursuant to such Subject Servicing
Agreement or pursuant to the Sale Supplement, as applicable) over the sum of (i) the Monthly Servicing Fee for such calendar month and (ii) the Retained Servicing Fee for such calendar month, multiplied by (y) a fraction, (i) the
numerator of which is the average unpaid principal balance of all Mortgage Loans subject to the Subject Servicing Agreements during such calendar month and (ii) the denominator of which is equal to the sum of the average unpaid principal
balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such calendar month and the average unpaid principal balance of all Mortgage Loans subject to the Subject Servicing Agreements during such calendar month, or such
other allocation percentage which is agreed by Servicer and Ocwen (the “Allocation Percentage”). The Performance Fee, if any, for any calendar month will be reduced by 3.00% per annum (i.e., 0.25% per month) of the Excess
Servicing Advances, if any, for such calendar month multiplied by the Allocation Percentage, and the amount of any such reduction in the Performance Fee shall be retained by Servicer. If the Closing Date does not occur on the first day of a calendar
month, the Performance Fee for the period from the Closing Date to the last of the calendar month in which the Closing Date occurs shall be calculated in a pro rata manner based on the number of days in such period. 

ARTICLE IV. 
 MISCELLANEOUS 
 4.1 Incorporation. The provisions of Article
10 of the Master Subservicing Agreement are hereby incorporated into this Subservicing Supplement by reference, mutatis mutandis, as if its provisions were fully set forth herein. 

4.2 Third Party Beneficiaries. Ocwen and Servicer each acknowledges and agrees that the indenture trustee, on behalf of the
holders of related notes, with respect to any Servicing Advance Facility pursuant to which Servicer has transferred Servicer Advances made pursuant to a Servicing Agreement is an express third party beneficiary of this Subservicing Supplement and
the Subservicing Agreement solely with respect to the Servicing Agreements related to such Servicing Advance Facility. 

[Signature Page Follows] 
  

Subservicing Supplement 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Subservicing Supplement to be
executed and delivered as of the date first above written. 
  

			
	HLSS HOLDINGS, LLC
		
	      By:	 	/s/ James Lauter
	      Name:	 	James Lauter
	      Title:	 	CFO
	
	OCWEN LOAN SERVICING, LLC
	
	By: Ocwen Mortgage Servicing, Inc., as its sole member
		
	      By:	 	/s/ Nikhil Malik
	      Name:	 	Nikhil Malik
	      Title:	 	CFO and Treasurer

  
 Subservicing
Supplement 

  
 5 

 SCHEDULE I 

SERVICING AGREEMENTS 
  

			
	 Investor
 Number
	  	 Deal Name

	 4406
	  	Soundview 2007-OPT5
	 4400
	  	Soundview 2007-OPT1
	 4396
	  	Soundview 2006-OPT2
	 4399
	  	Soundview 2006-OPT5
	 4397
	  	Soundview 2006-OPT3
	 4085
	  	AMSI 2005-R10
	 4127
	  	ARSI 2005-W2
	 4134
	  	ARSI 2006-W1
	 4093
	  	AMSI 2005-R8
	 4130
	  	ARSI 2005-W5
	 4009
	  	AHM Assets Trust 2006-3
	 4010
	  	AHM Assets Trust 2006-4
	 4013
	  	AHM Assets Trust 2007-1
	 4014
	  	AHM Assets Trust 2007-2
	 4029
	  	AHM Investment Trust 2006-1
	 4027
	  	AHM Investment Trust 2005-4C
	 337
	  	MLMI 1999-H1
	 352
	  	Norwest/Lehman/Sasco 98-2
	 353
	  	Norwest/Lehman/Sasco 98-3
	 355
	  	Norwest/Lehman/Sasco 98-6
	 372
	  	First Alliance 1994-2
	 378
	  	First Alliance 1996-3
	 379
	  	First Alliance 1996-4
	 380
	  	First Alliance 1997-1
	 381
	  	First Alliance 1997-2
	 382
	  	First Alliance 1997-3
	 384
	  	First Alliance 1998-1
	 386
	  	First Alliance 1998-3
	 389
	  	First Alliance 1999-2
	 391
	  	First Alliance 1999-4

  
 Sch I-1

			
	 421
	  	First Alliance 1998-1A
	 462
	  	Delta Funding Series 2000-1
	 464
	  	Delta Funding Series 1995-2
	 513
	  	National Finance Securitization
	 550
	  	RFC Alternate Flow H- 62
	 558
	  	RFC Alternet Simple Interest
	 579
	  	Cityscape Securitization
	 2038
	  	1997-NC5 Greenwich
	 2040
	  	1997-NC6 Greenwich
	 2044
	  	Metropolitan 1996-A
	 2049
	  	Metropolitan 1999-A
	 2051
	  	Metropolitan 1999-C
	 2053
	  	MMFI I REMIC TRUST 2000-A
	 2054
	  	MMFI I REMIC TRUST 2000-B
	 2120
	  	Delta Funding Series 2001-1
	 2156
	  	CDC Mortgage Capital Trust 2001-HE1
	 2174
	  	SALOMON 2002 NC-1
	 2176
	  	Renaissance 2002-1
	 2209
	  	CSFB Series 2002-AR25
	 2248
	  	CSFB Mtg-Backed PT Certificates Series 2002-AR28
	 2431
	  	ABFS 2002-2
	 2432
	  	ABFS 2002-3
	 2433
	  	ABFS 2002-4
	 2674
	  	DSLA 2005—AR1
	 2675
	  	DSLA 2005—AR2
	 2687
	  	LMT 2006-2
	 2688
	  	LMT 2006-3
	 2689
	  	LMT 2006-4
	 3397
	  	RFMSI 2005-S2
	 3569
	  	GSRPM 2007-1
	 3570
	  	GSAMP 2007-SEA1
	 3571
	  	GSAMP 2006-SEA1
	 3572
	  	GSRPM 2006-2
	 3765
	  	MSMLT 2005-11AR

  
 Sch I-2

			
	 3767
	  	MSMLT 2006-1AR
	 3770
	  	MSMLT 2006-6AR
	 3771
	  	MSMLT 2006-8AR
	 3772
	  	MSMLT 2006-9AR
	 3775
	  	MSMLT 2005-6AR
	 3777
	  	MSMLT 2007-15AR
	 3781
	  	SEQUOIA MTG TRUST
	 3782
	  	BEAR STEARNS 2004-CL1 CL2
	 3783
	  	MSDWCC 2003 HYB1
	 3790
	  	ACE 2001-HE1
	 3792
	  	ACE 2002-HE2
	 3812
	  	MSAC 2006-HE4
	 3822
	  	MSAC 2006-NC4
	 3824
	  	FFMLT 2005-FFH2
	 3899
	  	MORGAN STANLEY
	 3909
	  	WAMU/PNC
	 3910
	  	FRANKLIN TEMPLETON
	 3912
	  	FIFTH THIRD BANK
	 4211
	  	HarborView Mortgage Loan Trust 2007-5
	 4117
	  	ARSI 2004-W11
	 4405
	  	Soundview 2007-OPT4
	 4135
	  	ARSI 2006-W2

  
 Sch I-3

 SCHEDULE II 

RETAINED SERVICING FEE PERCENTAGE 
  

							
	 From
 Month1
	  	To
Month	 	  	Retained Fee
	 1
	  	 	3	  	  	20.00 bps
	 4
	  	 	6	  	  	19.25 bps
	 7
	  	 	9	  	  	19.00 bps
	 10
	  	 	12	  	  	18.75 bps
	 13
	  	 	15	  	  	18.50 bps
	 16
	  	 	18	  	  	18.00 bps
	 19
	  	 	21	  	  	17.00 bps
	 22
	  	 	24	  	  	16.75 bps
	 25
	  	 	27	  	  	16.50 bps
	 28
	  	 	30	  	  	16.00 bps
	 31
	  	 	33	  	  	15.75 bps
	 34
	  	 	36	  	  	15.75 bps
	 37
	  	 	39	  	  	15.75 bps
	 40
	  	 	42	  	  	15.75 bps
	 43
	  	 	72	  	  	15.75 bps

  

	1 	Starting with May 2013. 

  
 Sch II-1

 SCHEDULE III 

TARGET RATIO SCHEDULE 
  

					
	Month2	  	Target Advance Ratio	 
	 1
	  	 	3.79	% 
	 2
	  	 	3.71	% 
	 3
	  	 	3.64	% 
	 4
	  	 	3.57	% 
	 5
	  	 	3.49	% 
	 6
	  	 	3.42	% 
	 7
	  	 	3.36	% 
	 8
	  	 	3.29	% 
	 9
	  	 	3.22	% 
	 10
	  	 	3.14	% 
	 11
	  	 	3.06	% 
	 12
	  	 	2.99	% 
	 13
	  	 	2.91	% 
	 14
	  	 	2.84	% 
	 15
	  	 	2.77	% 
	 16
	  	 	2.70	% 
	 17
	  	 	2.63	% 
	 18
	  	 	2.57	% 
	 19
	  	 	2.50	% 
	 20
	  	 	2.44	% 
	 21
	  	 	2.38	% 
	 22
	  	 	2.32	% 
	 23
	  	 	2.26	% 
	 24
	  	 	2.20	% 
	 25
	  	 	2.15	% 
	 26
	  	 	2.10	% 
	 27
	  	 	2.04	% 
	 28
	  	 	1.99	% 
	 29
	  	 	1.94	% 
	 30
	  	 	1.89	% 
	 31
	  	 	1.85	% 
	 32
	  	 	1.80	% 
	 33
	  	 	1.76	% 
	 34
	  	 	1.70	% 
	 35
	  	 	1.65	% 

 

	2 	Starting with May 2013. 

  
 Sch III-1

					
	Month2	  	Target Advance Ratio	 
	 36
	  	 	1.60	% 
	 37
	  	 	1.55	% 
	 38
	  	 	1.51	% 
	 39
	  	 	1.50	% 
	 40
	  	 	1.50	% 
	 41
	  	 	1.50	% 
	 42
	  	 	1.50	% 
	 43
	  	 	1.50	% 
	 44
	  	 	1.50	% 
	 45
	  	 	1.50	% 
	 46
	  	 	1.50	% 
	 47
	  	 	1.50	% 
	 48
	  	 	1.50	% 
	 49
	  	 	1.50	% 
	 50
	  	 	1.50	% 
	 51
	  	 	1.50	% 
	 52
	  	 	1.50	% 
	 53
	  	 	1.50	% 
	 54
	  	 	1.50	% 
	 55
	  	 	1.50	% 
	 56
	  	 	1.50	% 
	 57
	  	 	1.50	% 
	 58
	  	 	1.50	% 
	 59
	  	 	1.50	% 
	 60
	  	 	1.50	% 
	 61
	  	 	1.50	% 
	 62
	  	 	1.50	% 
	 63
	  	 	1.50	% 
	 64
	  	 	1.50	% 
	 65
	  	 	1.50	% 
	 66
	  	 	1.50	% 
	 67
	  	 	1.50	% 
	 68
	  	 	1.50	% 
	 69
	  	 	1.50	% 
	 70
	  	 	1.50	% 
	 71
	  	 	1.50	% 
	 72
	  	 	1.50	% 

  
 Sch III-2EX-10.3

 Exhibit 10.3 
 EXECUTION COPY 
  

 
  

HLSS SERVICER ADVANCE RECEIVABLES TRUST 
 as Issuer 
 and 

DEUTSCHE BANK NATIONAL TRUST COMPANY 
 as Indenture Trustee, Calculation Agent, Paying Agent and Securities Intermediary 

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

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

and 
 CREDIT
SUISSE AG, NEW YORK BRANCH, 
 as Administrative Agent 

 
  

SERIES 2013-T2 

INDENTURE SUPPLEMENT 
 Dated as of May 21, 2013 
 to 

THIRD AMENDED AND RESTATED INDENTURE 
 Dated as of May 21, 2013 
  

 
 HLSS SERVICER
ADVANCE RECEIVABLES TRUST 
 ADVANCE RECEIVABLES BACKED NOTES, 

SERIES 2013-T2 
  

 
  

 TABLE OF CONTENTS 

 
  

					
	 	  	PAGE	 
	SECTION 1. CREATION OF SERIES 2013-T2 NOTES	  	 	2	  
		
	SECTION 2. DEFINED TERMS	  	 	2	  
		
	SECTION 3. FORMS OF SERIES 2013-T2 NOTES	  	 	10	  
		
	SECTION 4. COLLATERAL VALUE EXCLUSIONS	  	 	10	  
		
	SECTION 5. GENERAL RESERVE ACCOUNT	  	 	11	  
		
	SECTION 6. PAYMENTS; NOTE BALANCE INCREASES; EARLY
MATURITY	  	 	12	  
		
	SECTION 7. OPTIONAL REDEMPTION AND REFINANCING	  	 	12	  
		
	SECTION 8. [RESERVED]	  	 	13	  
		
	SECTION 9. SERIES REPORTS	  	 	13	  
		
	SECTION 10. CONDITIONS PRECEDENT SATISFIED	  	 	14	  
		
	SECTION 11. REPRESENTATIONS AND WARRANTIES	  	 	14	  
		
	SECTION 12. AMENDMENTS	  	 	15	  
		
	SECTION 13. COUNTERPARTS	  	 	16	  
		
	SECTION 14. ENTIRE AGREEMENT	  	 	16	  
		
	SECTION 15. LIMITED RECOURSE	  	 	16	  
		
	SECTION 16. OWNER TRUSTEE LIMITATION OF LIABILITY	  	 	16	  

  
 - i -

 THIS SERIES 2013-T2 INDENTURE SUPPLEMENT (this “Indenture
Supplement”), dated as of May 21, 2013, is made by and among HLSS SERVICER ADVANCE RECEIVABLES TRUST, a statutory trust organized under the laws of the State of Delaware (the “Issuer”), DEUTSCHE BANK NATIONAL TRUST
COMPANY, a national banking association, as trustee (the “Indenture Trustee”), as calculation agent (the “Calculation Agent”), as paying agent (the “Paying Agent”) and as securities intermediary
(the “Securities Intermediary”), HLSS HOLDINGS, LLC, a Delaware limited liability company (“HLSS”), as Administrator on behalf of the Issuer, as owner of the economics associated with the servicing under the
Designated Servicing Agreements, and as Servicer under the Designated Servicing Agreements from and after the related MSR Transfer Date (as defined below), OCWEN LOAN SERVICING, LLC (“OLS”), as a Subservicer, and as Servicer under
the Designated Servicing Agreements prior to the related MSR Transfer Date, and CREDIT SUISSE AG, NEW YORK BRANCH (“Credit Suisse”), as administrative agent (the “Administrative Agent”). This Indenture Supplement
relates to and is executed pursuant to that certain Third Amended and Restated Indenture (as amended, supplemented, restated or otherwise modified from time to time, the “Base Indenture”) as further supplemented hereby, dated as of
May 21, 2013, among the Issuer, the Servicer, the Administrator, the Indenture Trustee, the Calculation Agent, the Paying Agent, the Securities Intermediary, Wells Fargo Securities, LLC (“Wells Fargo”), Barclays Bank PLC
(“Barclays”) and Credit Suisse, all the provisions of which are incorporated herein as modified hereby and shall be a part of this Indenture Supplement as if set forth herein in full (the Base Indenture as so supplemented by this
Indenture Supplement being referred to as the “Indenture”). 
 Capitalized terms used and not otherwise defined
herein shall have the respective meanings given them in the Base Indenture. 
 PRELIMINARY STATEMENT 

The Issuer has duly authorized the issuance of a Series of Notes, the Series 2013-T2 Notes (the “Series 2013-T2 Notes”).
The parties are entering this Indenture Supplement to document the terms of the issuance of the Series 2013-T2 Notes, which provides for the issuance of Notes in multiple series from time to time. The Series 2013-T2 Notes are issued in four
(4) Classes of Term Notes (Class A-T2, Class B-T2, Class C-T2 and Class D-T2, with the Initial Note Balances, Stated Maturity Dates, Revolving Period, Note Interest Rates, Expected Repayment Dates and other terms as specified in this Indenture
Supplement, to be known as the Advance Receivables Backed Notes, Series 2013-T2, secured by the Trust Estate Granted to the Indenture Trustee pursuant to the Base Indenture. The Indenture Trustee shall hold the Trust Estate as collateral security
for the benefit of the Holders of the Series 2013-T2 Notes and all other Series of Notes issued under the Indenture as described therein. In the event that any term or provision contained herein shall conflict with or be inconsistent with any term
or provision contained in the Base Indenture, the terms and provisions of this Indenture Supplement shall govern to the extent of such conflict. 

 Section 1. Creation of Series 2013-T2 Notes. 

There are hereby created, effective as of the Issuance Date, the Series 2013-T2 Notes, to be issued pursuant to the Base Indenture and
this Indenture Supplement, to be known as “HLSS Servicer Advance Receivables Trust 2013-T2 Advance Receivables Backed Notes, Series 2013-T2 Notes.” The Series 2013-T2 Notes shall not be subordinated to any other Series of Notes. The Series
2013-T2 Notes are issued in four (4) Classes of Term Notes. The proceeds from the sale of the Offered Notes shall be used to reduce the outstanding amount drawn on the Series 2012-VF1 Variable Funding Notes, the Series 2012-VF2 Variable Funding
Notes and the Series 2012-VF3 Variable Funding Notes by amounts mutually acceptable by Barclays, Wells Fargo and Credit Suisse. 

Section 2. Defined Terms. 
 With respect to the Series 2013-T2 Notes and in addition to or in replacement for the definitions set forth in Section 1.1 of the Base Indenture, the following definitions shall be assigned to the
defined terms set forth below: 
 “Administrative Agent” means, for so long as the Series 2013-T2 Notes have
not been paid in full: (i) with respect to the provisions of this Indenture Supplement, Credit Suisse or an Affiliate or successor thereto; and (ii) with respect to the provisions of the Base Indenture, and notwithstanding the terms and
provisions of any other Indenture Supplement, together, Credit Suisse, Barclays and Wells Fargo and such other parties as set forth in any other Indenture Supplement, or a respective Affiliate or any respective successor thereto. For the avoidance
of doubt, reference to “it” or “its” with respect to the Administrative Agent in the Base Indenture shall mean “them” and “their,” and reference to the singular therein in relation to the Administrative Agent
shall be construed as if plural. 
 “Advance Rates”: means, for any date of determination with respect to each
Receivable related to any Class of Series 2013-T2 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth below; provided, that in the event the Servicer’s (prior to any MSR Transfer Date) or the related
Subservicer’s (on and after any MSR Transfer Date) sub-prime servicer rating by S&P is reduced below “Average,” the Advance Rates applicable to the Receivables related to such Class of Notes shall be equal to the Advance Rates
prior to such ratings reduction minus 5.00%; provided, further, that the Advance Rates applicable to the Receivables related to any Class of Notes shall each be reduced by the Advance Rate Reduction Factor for such Class of
Notes when the related Weighted Average Foreclosure Timeline exceeds fifteen (15) months; and provided, further, that the Advance Rate for any Receivable related to any Class of Notes shall be zero if such Receivable is not a
Facility Eligible Receivable. 

  
 2 

																	
	 Advance Type / Class of Notes
	  	Class A-T2
Term Notes	 	 	Class B-T2
Term Notes	 	 	Class C-T2
Term Notes	 	 	Class D-T2
Term Notes	 
	 P&I Advances (other than Servicing Fee Advances) in Non-Judicial States
	  	 	91.50	% 	 	 	93.25	% 	 	 	94.25	% 	 	 	95.00	% 
	 P&I Advances (other than Servicing Fee Advances) in Judicial States
	  	 	89.25	% 	 	 	92.50	% 	 	 	94.00	% 	 	 	95.50	% 
	 Servicing Fee Advances in Non-Judicial States
	  	 	83.25	% 	 	 	89.00	% 	 	 	91.75	% 	 	 	94.25	% 
	 Servicing Fee Advances in Judicial States
	  	 	45.50	% 	 	 	66.00	% 	 	 	76.00	% 	 	 	85.50	% 
	 Escrow Advances in Non-Judicial States
	  	 	91.75	% 	 	 	93.50	% 	 	 	94.50	% 	 	 	95.50	% 
	 Escrow Advances in Judicial States
	  	 	71.75	% 	 	 	81.50	% 	 	 	86.50	% 	 	 	91.00	% 
	 Corporate Advances in Non-Judicial States
	  	 	86.25	% 	 	 	90.50	% 	 	 	92.50	% 	 	 	94.50	% 
	 Corporate Advances in Judicial States
	  	 	67.50	% 	 	 	79.25	% 	 	 	84.75	% 	 	 	90.50	% 

 “Advance Rate Reduction Factor” means, for any Class of Series 2013-T2 Notes, the
product of (i) the quotient of the Note Interest Rate for such Class divided by 12, and (ii) the number of months by which the Weighted Average Foreclosure Timeline exceeds fifteen (15) months. 

“Advance Ratio” means, as of any date of determination with respect to any Designated Servicing Agreement, the ratio
(expressed as a percentage), calculated as of the last day of the calendar month immediately preceding the calendar month in which such date occurs, of (i) the related PSA Stressed Non-Recoverable Advance Amount on such date over (ii) the
aggregate monthly scheduled principal and interest payments for the calendar month immediately preceding the calendar month in which such date occurs with respect to all non-delinquent Mortgage Loans serviced under such Designated Servicing
Agreement. 
 “Applicable Rating” means the rating assigned to each Class of the Series 2013-T2 Notes by
S&P, as the Note Rating Agency, upon the issuance of such Class as set forth below: 
  

	 	(i)	Class A-T2 Term Notes: AAA(sf); 

  

	 	(ii)	Class B-T2 Term Notes: AA(sf); 

  

	 	(iii)	Class C-T2 Term Notes: A(sf); and 

  

	 	(iv)	Class D-T2 Term Notes: BBB(sf). 

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

“Class A-T2 Term Notes” means, the Term Notes, Class A-T2, issued hereunder by the Issuer having an Initial Note
Balance of $323,339,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement. 
 “Class B-T2 Term Notes” means, the Term Notes, Class B-T2, issued hereunder by the Issuer having an Initial Note Balance of $26,269,000, or any Term Notes issued in replacement thereof
pursuant to Section 7 of this Indenture Supplement. 
 “Class C-T2 Term Notes” means, the Term Notes,
Class C-T2, issued hereunder by the Issuer having an Initial Note Balance of $13,064,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement. 

  
 3 

 “Class D-T2 Term Notes” means, the Term Notes, Class D-T2, issued hereunder
by the Issuer having an Initial Note Balance of $12,328,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement. 
 “Corporate Trust Office” means with respect to the Series 2013-T2 Notes, the office of the Indenture Trustee at which at any particular time its corporate trust business will be
administered, which office at the date hereof is located at 1761 East St. Andrew Place, Santa Ana, California 92705, Attention: Trust Administration –OC13S4. 
 “CRD” means the Capital Requirements Directive, as amended by Article 122a (effective as of January 1, 2011) and as the same may be further amended, restated or otherwise modified.

 “Expected Repayment Date” means: 

 

	 	(i)	for the Class A-T2 Term Notes, May 15, 2015; 

  

	 	(ii)	for the Class B-T2 Term Notes, May 15, 2015; 

  

	 	(iii)	for the Class C-T2 Term Notes, May 15, 2015; and 

  

	 	(iv)	for the Class D-T2 Term Notes, May 15, 2015. 

 “Expense Rate” means, as of any date of determination, with respect to the Series 2013-T2 Notes, the percentage equivalent of a fraction, (i) the numerator of which equals the sum of
(1) the product of the Series Allocation Percentage for such Series multiplied by the aggregate amount of Fees due and payable by the Issuer on the next succeeding Payment Date plus (2) the product of the Series Allocation
Percentage for such Series multiplied by any expenses payable or reimbursable by the Issuer on the next succeeding Payment Date, up to the applicable Expense Limit, if any, prior to payments to the Holders of the Series 2013-T2 Notes, pursuant to
the terms and provisions of this Indenture Supplement, the Base Indenture or any other Transaction Document that have been invoiced to the Indenture Trustee and the Administrator, plus (3) the aggregate amount of related Series Fees
payable by the Issuer on the next succeeding Payment Date and (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2013-T2 Notes at the close of business on such date. For the avoidance of doubt, with
respect to the Series related to the Offered Notes, there will be no “Series Fees.” 
 “Facility Eligible
Receivable” with respect to the Series 2013-T2 Notes means a Receivable which meets the criteria for a Facility Eligible Receivable set forth in the Base Indenture except that clause (xi) thereof shall be amended to read as follows in
its entirety: 
 “(xi) if a Servicing Fee Advance Receivable, the provisions of the related Servicing Fee
Advance Designated Servicing Agreement identified on the Servicing Fee Advance Designated Servicing Agreement Schedule require that any unpaid and accrued servicing fees owed to the Servicer be repaid on or prior to the date of any redemption in
full under the applicable Servicing Fee Advance Designated Servicing Agreement;” 

  
 4 

 “Facility Eligible Servicing Agreement” with respect to the Series 2013-T2
Notes means any Designated Servicing Agreement which meets the criteria for a Facility Eligible Servicing Agreement set forth in the Base Indenture except that clause (ii)(B) thereof shall be amended to read as follows in its entirety: 

“(B) under such agreement, if the Servicer determines that an Advance other than a Servicing Fee Advance will not be
recoverable out of late collections of the amounts advanced or out of insurance proceeds or liquidation proceeds from the Mortgage Loan with respect to which the Advance was made, the Servicer has the right to reimburse itself for such Advance out
of any funds (other than prepayment charges) in the related MBS Trust Collection Account or out of general collections received by the Servicer with respect to any Mortgage Loans serviced under the same Designated Servicing Agreement, prior to any
payment to any holders of any notes, certificates or other securities backed by the related mortgage loan pool, which securities included a “AAA” or equivalent rated class at the time of execution of the Designated Servicing Agreement, and
prior to payment of any party subrogated to the rights of the holders of such securities (such as a reimbursement right of a credit enhancer) or any hedge or derivative termination fees, or to the related MBS Trust or any related trustee, custodian
or credit enhancer (a “General Collections Backstop”);” 
 and clause (viii) thereof shall be amended
to read as follows in its entirety: 
 “(viii) the Designated Servicing Agreement includes an express
provision for the assignment by the Servicer of its rights to be reimbursed for Advances (except in the case of Servicing Fee Advances); and, with respect to any Servicing Fee Advance Receivable, the related Servicing Fee Advance Designated
Servicing Agreement does not prohibit the sale and/or contribution to the Issuer of, specifically, the rights to reimbursement for the Servicing Fee Advances under the related MBS Trust (as determined in the sole and absolute discretion of the
Administrative Agent, regardless of the terms in such Servicing Fee Advance Designated Servicing Agreement);” 

“General Reserve Required Amount” means with respect to any Payment Date or Interim Payment Date, as the case may be,
for the Series 2013-T2 Notes, an amount equal to on any Payment Date or Interim Payment Date six (6) month’s interest calculated at the Senior Rate on the Note Balance of each Class of Series 2013-T2 Notes as of such Payment Date or
Interim Payment Date, as the case may be. 
 “Initial Note Balance” means, for any Note or for any Class of
Notes, the Note Balance of such Note upon issuance, as follows: 
  

	 	(i)	Class A-T2 Term Notes: $323,339,000; 

  

	 	(ii)	Class B-T2 Term Notes: $26,269,000; 

  

	 	(iii)	Class C-T2 Term Notes: $13,064,000; and 

  

	 	(iv)	Class D-T2 Term Notes: $12,328,000. 

  
 5 

 “Interest Accrual Period” means, for the Series 2013-T2 Notes and any
Payment Date, the period beginning on the immediately preceding Payment Date (or, in the case of the first Payment Date with respect to any Class, the related Issuance Date) and ending on the day immediately preceding the current Payment Date. The
Interest Payment Amount for the Series 2013-T2 Notes on any Payment Date shall be determined based on an assumed 30 day Interest Accrual Period. 
 “Interest Day Count Convention” means 30 days divided by 360 other than with respect to the initial Payment Date which is 26 days divided by 360. 

“Issuance Date” means May 21, 2013. 
 “Loan-Level Servicing Fee Advance Receivable” means a Servicing Fee Advance Receivable relating to a Servicing Fee Advance Designated Servicing Agreement identified on the Servicing Fee
Advance Designated Servicing Agreement Schedule the provisions of which do not contain a General Collections Backstop.

“Low Threshold Servicing Agreement” means a Designated Servicing Agreement (i) for which the underlying Mortgage
Loans have an unpaid principal balance less than $10,000,000, or (ii) contain fewer than 50 Mortgage Loans, as of the end of the most recently concluded calendar month, to the extent that such Receivable Balances, when added to the aggregate
Receivable Balances of all Receivables outstanding with respect to Low Threshold Servicing Agreements, cause the total Receivable Balances attributable to Low Threshold Servicing Agreements to exceed 2.00% of the total Receivable Balances of all
Receivables included in the Facility. 
 “Market Value Ratio” means, as of any date of determination with
respect to a Designated Servicing Agreement, the ratio (expressed as a percentage) of (i) the lesser of (A) the Funded Advance Receivable Balance for such Designated Servicing Agreement on such date and (B) the aggregate of all
Facility Eligible Receivables under such Designated Servicing Agreement on such date over (ii) the aggregate Net Property Value of the Mortgaged Properties and REO Properties for Mortgage Loans that are serviced under such Designated Servicing
Agreement on such date. 
 “Middle Threshold Servicing Agreement” means a Designated Servicing Agreement
(i) for which the underlying Mortgage Loans have an unpaid principal balance greater than or equal to $10,000,000 but less than $25,000,000, or (ii) contain at least 50 but less than 125 Mortgage Loans, as of the end of the most recently
concluded calendar month, to the extent the Receivable Balance of such Receivable, when added to the aggregate Receivable Balances of all Receivables outstanding with respect to Middle Threshold Servicing Agreements, cause the total Receivable
Balances attributable to Middle Threshold Servicing Agreements to exceed 8.00% of the aggregate of the Receivable Balances of all Receivables included in the Facility. 
 “Monthly Reimbursement Rate” means, as of any date of determination, the arithmetic average of the fractions (expressed as percentages), determined for each of the three (3) most
recently concluded calendar months, obtained by dividing (i) the aggregate Advance Reimbursement Amounts collected by the Servicer and deposited into the Trust Accounts during such month by (ii) the aggregate Receivable Balances funded by
the Servicer using its own funds or facility funds as of the close of business on the last day of the Monthly Advance Collection Period. 

  
 6 

 “MSRs” means mortgage servicing rights and rights to mortgage servicing
rights, as applicable. 
 “Net Proceeds Coverage Percentage” means, for any Payment Date, the percentage
equivalent of a fraction, (i) the numerator of which equals the amount of Collections on Receivables deposited into the Collection and Funding Account during the related Monthly Advance Collection Period, and (ii) the denominator of which
equals the aggregate average outstanding Note Balances of all Outstanding Notes during such Monthly Advance Collection Period. 

“Net Property Value” means, with respect to any Mortgaged Property, (A) with respect to a Mortgage Loan with
respect to which no payment is Delinquent (including any Mortgage Loan subject to a forbearance plan which is not Delinquent in accordance with such forbearance plan), the market value of such Mortgaged Property as established by OLS’s
independent property valuation methodology (as established by the lesser of any appraisal, broker’s price opinion or OLS’s automated valuation model with respect to such Mortgaged Property) or (B) with respect to a Delinquent Mortgage
Loan, the product of (a) the market value of such Mortgaged Property as established by OLS’s independent property valuation methodology (as established by the lesser of any appraisal, broker’s price opinion or OLS’s automated
valuation model with respect to such Mortgaged Property), multiplied by (b) OLS’s established market and property discount value rate, minus (c) OLS’s brokerage fee and closing costs with respect to such Mortgaged Property, plus
(d) any projected mortgage insurance claim proceeds. 
 “No-Payment at Termination Servicing Fee Advance
Receivable” means a Servicing Fee Advance Receivable relating to a Servicing Fee Advance Designated Servicing Agreement identified on the Servicing Fee Advance Designated Servicing Agreement Schedule the provisions of which do
not require that all unpaid and accrued servicing fees owed to the Servicer be repaid on or prior to the date of any involuntary transfer of servicing or any servicer termination. 

“Note Interest Rate” means, with respect to the Series 2013-T2 Notes, the applicable Senior Rate, provided that:
(i) on any day on which a Facility Early Amortization Event or an Event of Default shall have occurred and shall be continuing at the opening of business on such day, the “Note Interest Rate” for any Class of Notes shall equal the
applicable Senior Rate plus 3.00% per annum; or (ii) in the event that any Class of Notes is not refinanced on the Expected Repayment Date, the “Note Interest Rate” of such Class of Notes shall equal the Senior Rate plus
1.00% per annum; provided, that, on any date of determination, the Interest Rate will never be a rate greater than the applicable Senior Rate plus 3.00% per annum. 

“Note Rating Agency” means, for the Series 2013-T2 Notes, S&P. 

  
 7 

 “PSA Stressed Non-Recoverable Advance Amount” means as of any date of
determination, the sum of: 
 (i) for all Mortgage Loans that are current as of such date, the greater of
(A) zero and (B) the excess of (1) Total Advances related to such Mortgage Loans on such date over (2) (x) in the case of Mortgage Loans secured by a first lien, the product of 50% and the sum of all of the Net Property
Values for the related Mortgaged Property or (y) in the case of Mortgage Loans secured by a second or more junior lien, zero; and 
 (ii) for all Mortgage Loans that are delinquent as of such date, but not related to property in foreclosure or REO Property, the greater of (A) zero and (B) the excess of (1) Total Advances
related to such Mortgage Loans on such date over (2) (x) in the case of Mortgage Loans secured by a first lien, the product of 50% and the sum of all of the Net Property Values for the related Mortgaged Property or (y) in the case of
Mortgage Loans secured by a second or more junior lien, zero; and 
 (iii) for all Mortgage Loans that are
related to properties in foreclosure, the greater of (A) zero and (B) the excess of (1) Total Advances related to such Mortgage Loans on such date over (2) (x) in the case of Mortgage Loans secured by a first lien, the
product of 50% and the sum of all of the Net Property Values for the related Mortgaged Property or (y) in the case of Mortgage Loans secured by a second or more junior lien, zero; and 

(iv) for all Mortgage Loans that are related to REO Property, the greater of (A) zero and (B) the excess of
(1) Total Advances related to such Mortgage Loans on such date over (2) (x) in the case of Mortgage Loans secured by a first lien, the product of 50% and the sum of all of the Net Property Values for the related REO Property or
(y) in the case of Mortgage Loans secured by a second or more junior lien, zero. 
 “Redemption
Percentage” means, for the Series 2013-T2 Notes, 10%. 
 “Restricted Servicing Fee Advance Receivable”
means any Loan-Level Servicing Fee Advance Receivable or No-Payment at Termination Servicing Fee Advance Receivable. 

“Senior Rate” means, for: (i) the Class A-T2 Term Notes will be a rate per annum equal to 1.1472%;
(ii) the Class B-T2 Term Notes will be a rate per annum equal to 1.4953%; (iii) the Class C-T2 Term Notes will be a rate per annum equal to 1.8428%; and (iv) the Class D-T2 Term Notes will be a rate per annum equal to 2.3880%.

 “Series 2013-T2 Note Balance” means the aggregate Note Balance of the Series 2013-T2 Notes. 

“Series 2013-T2/T3 Placement Agency Agreement” means that certain Placement Agency Agreement, dated May 17, 2013,
by and among the Issuer, the Receivables Seller, Wells Fargo, as Placement Agent, Barclays Capital Inc., as Placement Agent, and Credit Suisse Securities (USA) LLC, as Placement Agent. 

“Stated Maturity Date” for the Series 2013-T2 Notes means May 16, 2044. 

  
 8 

 “Stressed Time” means, as of any date of determination, the percentage
equivalent of a fraction, the numerator of which is one (1), and the denominator of which equals the related Stressed Time Percentage times the Monthly Reimbursement Rate on such date. 

“Stressed Time Percentage” means, for the Series 2013-T2 Notes, Class A-T2 Term Notes: 5.00%, Class B-T2 Term
Notes: 7.25%, Class C-T2 Term Notes: 9.75% and Class D-T2 Term Notes: 14.00%. 
 “Target Amortization Amounts”
means, for each Class of the Series 2013-T2 Notes, 1/6 of the Note Balance of such Class at the close of business on the last day of its Revolving Period, such amounts payable beginning on the first Payment Date after the beginning of the Target
Amortization Period. 
 “Target Amortization Event” for any Class of the Series 2013-T2 Notes, means the
earlier of (A) the related Expected Repayment Date for such Class or (B) the occurrence of any of the following conditions or events, which is not waived by 100% of the Holders of the Series 2013-T2 Notes: 

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

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

(iii) the Monthly Reimbursement Rate is less than 5.00%. 

“Target Amortization Period” means, for any Class of Series 2013-T2 Notes, as applicable, the period that begins upon
both the occurrence of an applicable Target Amortization Event and ends upon the earlier of (i) a Facility Early Amortization Event and (ii) the date on which the Notes of such Class are paid in full. 

“Transaction Documents” means, in addition to the documents set forth in the definition thereof in the Base Indenture,
this Indenture Supplement, the Series 2013-T2/T3 Placement Agency Agreement, the Series 2013-T2 Notes and the related Fee Letter (as defined in the Series 2013-T2/T3 Placement Agency Agreement), each as amended, supplemented, restated or otherwise
modified from time to time. 

  
 9 

 “Trigger Advance Rate” means, for any Class within the Series 2013-T2
Notes, as of any date, the rate equal to (1) 100% minus (2) the product of (a) one-twelfth of the weighted average interest rates for all Classes of Series 2013-T2 Notes, as of such date plus the related Expense Rate as of such
date, multiplied by (b) the related Stressed Time for such Class as of such date. 
 “UPB Ratio”
means, as of any date of determination with respect to a Designated Servicing Agreement, the ratio (expressed as a percentage) of (i) the lesser of (A) the Funded Advance Receivable Balance for such Designated Servicing Agreement on such
day, and (B) the aggregate of the Receivable Balances of Facility Eligible Receivables under such Designated Servicing Agreement on such date over (ii) the aggregate of the unpaid principal balances of the Mortgage Loans serviced under
such Designated Servicing Agreement on such date. 
 “Weighted Average Foreclosure Timeline” means, as of any
Determination Date, calculated as of the end of the preceding calendar month, the six-month rolling average of the number of months (calculated consistently with then current Fannie Mae state foreclosure timeline guidance) elapsed from the
initiation of foreclosure through the foreclosure sale of each Mortgage Loan serviced under the Designated Servicing Agreements (with each Mortgage Loan weighted equally). 
 Section 3. Forms of Series 2013-T2 Notes. 
 The form of the Rule 144A
Global Note and of the Regulation S Global Notes that may be used to evidence the Series 2013-T2 Term Notes in the circumstances described in Section 5.4(c) of the Base Indenture are attached to the Base Indenture as Exhibits A-1 and
A-3, respectively. For the avoidance of doubt, and subject to the terms and provisions of Section 5.4 of the Base Indenture, the Series 2013-T2 Term Notes are to be issued Book-Entry Notes. 

Section 4. Collateral Value Exclusions. 
 For purposes of calculating “Collateral Value” in respect of the Series 2013-T2 Notes, the Collateral Value shall be zero for any Receivable that: 

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

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

  
 10 

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

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

(viii) until the Administrative Agent shall have provided its written consent (in its sole and absolute discretion), and notwithstanding
satisfaction of clause (xi) and (xii) of the definition of “Facility Eligible Receivable” and clause (viii) of the definition of “Facility Eligible Servicing Agreement” in the Base Indenture, is a Servicing Fee
Advance Receivable. For the avoidance of doubt, for so long as the Administrative Agent determines that the Servicing Fee Advance Receivables related to any Servicing Fee Advance Designated Servicing Agreement cannot be afforded a positive
Collateral Value, such Designated Servicing Agreement shall not be considered a Servicing Fee Advance Designated Servicing Agreement in respect of the Series 2013-T2 Notes; 
 (ix) is a Loan-Level Servicing Fee Advance Receivable attributable to a Mortgaged Property, to the extent that the Receivable Balance of such Receivable, when added to the aggregate Receivable
Balance outstanding for all other Loan-Level Servicing Fee Advance Receivables with respect to such Mortgaged Property, causes the total Receivable Balance for all Loan-Level Servicing Fee Advance Receivables to exceed
10% of the Net Property Value of such Mortgaged Property; 
 (x) is a Restricted Servicing Fee Advance Receivable
attributable to a Designated Servicing Agreement, to the extent that the Receivable Balance of such Receivable, when added to the aggregate Receivable Balance outstanding for all other Restricted Servicing Fee Advance Receivables with
respect to all Designated Servicing Agreements, causes the total Receivable Balance for all Restricted Servicing Fee Advance Receivables to exceed 3.25% of the total Receivable Balance of all Receivables included in the Trust Estate; and

 (xi) is a Servicing Fee Advance Receivable which has not been reimbursed in full under the related Servicing Fee Advance
Designated Servicing Agreement as of the remittance date following the liquidation of the related Mortgage Loan and final reporting with respect thereto. 
 Section 5. General Reserve Account. 
 In accordance with the terms and
provisions of this Section 5 and Section 4.6 of the Base Indenture, the Indenture Trustee shall establish and maintain a General Reserve Account with respect to the Series 2013-T2 Term Notes for the benefit of the Series 2013-T2
Noteholders. 

  
 11 

 Section 6. Payments; Note Balance Increases; Early Maturity. 

The Paying Agent shall allocate payments of interest, principal, fees and expenses to the Series 2013-T2 Notes on each Payment Date in
accordance with Section 4.5 of the Base Indenture. 
 The Paying Agent shall make payments of the Senior Interest Amount
and Cumulative Interest Shortfall Amounts allocable to the Series 2013-T2 Notes to the holders of the Series 2013-T2 Notes as follows: first, to the Class A-T2 Term Notes, the Senior Interest Amount and Cumulative Interest Shortfall Amount for
such Class, thereafter, to the Class B-T2 Term Notes, the Senior Interest Amount and Cumulative Interest Shortfall Amount for such Class, thereafter, to the Class C-T2 Term Notes, the Senior Interest Amount and Cumulative Interest Shortfall
Amount for such Class, and thereafter, to Class D-T2 Term Notes, the Senior Interest Amount and Cumulative Interest Shortfall Amount for such Class. 
 The Paying Agent shall make payments of principal on the Series 2013-T2 Notes on each Payment Date in accordance with Sections 4.4 and 4.5, respectively, of the Base Indenture during any Target
Amortization Period or in any Full Amortization Period. The Target Amortization Amount allocated to the Series 2013-T2 Notes during the Target Amortization Period shall be applied by the Paying Agent pro rata among the Classes of Series
2013-T2 Notes based on their respective Target Amortization Amounts. Any payments of principal allocated to the Series 2013-T2 Notes during a Full Amortization Period shall be paid to the holders of the Series 2013-T2 Notes in the following order of
priority, first, to the Class A-T2 Term Notes, pro rata, until their Note Balance has been reduced to zero, second, to the Class B-T2 Term Notes, pro rata, until their Note Balance has been reduced to zero, third, to the
Class C-T2 Term Notes, pro rata, until their Note Balance has been reduced to zero, and fourth, to the Class D-T2 Term Notes, pro rata, until their Note Balance has been reduced to zero. 

Notwithstanding anything to the contrary in Section 8.1(a)(i) of the Base Indenture, an Event of Default under
Section 8.1(a)(i) shall exist on the Series 2013-T2 Notes only if there is a default (which default continues for a period of two (2) Business Days following written or electronic notice from the Indenture Trustee or the
Administrative Agents), in the payment of any principal, Senior Interest Amount or any Fees due and owing on any Payment Date (including without limitation the full aggregate amount of any Target Amortization Amounts due on such Payment Date).

 Section 7. Optional Redemption and Refinancing. 

The Series 2013-T2 Term Notes are subject to optional redemption by the Issuer pursuant to Section 13.1 of the Base Indenture,
in whole but not in part with respect to such Notes. Any supplement to this Indenture Supplement executed to effect an optional redemption may be entered into without consent of the Holders of any of the Notes pursuant to Section 12(a)(iv)
of the Base Indenture. 

  
 12 

 Section 8. [RESERVED]. 

Section 9. Series Reports. 
 (a) Series Calculation Agent Report. The Calculation Agent shall deliver a report of the following items together with each Calculation Agent Report pursuant to Section 3.1 of the Base
Indenture to the extent received from the Servicer, with respect to the Series 2013-T2 Notes: 
 (i) the unpaid
principal balance of the Mortgage Loans subject to any Low Threshold Servicing Agreement and Middle Threshold Servicing Agreement; 
 (ii) the Advance Ratio for each Designated Servicing Agreement, and whether the Advance Ratio for such Designated Servicing Agreement exceeds 100%; 

(iii) the Market Value Ratio for each Designated Servicing Agreement, and whether the Market Value Ratio for such
Designated Servicing Agreement exceeds 20%; 
 (iv) the UPB Ratio for each Designated Servicing Agreement, and
whether the UPB Ratio for such Designated Servicing Agreement exceeds 20%; 
 (v) for each Middle Threshold
Servicing Agreement, as of the end of the most recently concluded calendar month, the aggregate of the Funded Advance Receivable Balances of all Receivables attributable to such Designated Servicing Agreement as a percentage of the aggregate of the
Funded Advance Receivable Balances of all Receivables included in the Trust Estate; 
 (vi) for each Low
Threshold Servicing Agreement, as of the end of the most recently concluded calendar month, the aggregate of the Funded Advance Receivable Balances of all Receivables attributable to such Designated Servicing Agreement as a percentage of the
aggregate of the Funded Advance Receivable Balances of all Receivables included in the Trust Estate; 
 (vii) the
Weighted Average Foreclosure Timeline as of the Determination Date for the most recently ended calendar month; 

(viii) (A) a list of each Target Amortization Event for the Series 2013-T2 Notes and presenting a “yes” or
“no” answer beside each indicating whether each such Target Amortization Event has occurred as of the end of the Monthly Advance Collection Period preceding the upcoming Payment Date or the Monthly Advance Collection Period preceding the
upcoming Interim Payment Date and (B) whether any Target Amortization Amount that has become due and payable has been paid; 
 (ix) whether any Receivable, or any portion of the Receivables, attributable to a Designated Servicing Agreement, has zero Collateral Value by virtue of the definition of “Collateral Value” or
Section 4 of this Indenture Supplement, and indicating the related provision affecting such Receivable; 

  
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 (x) a calculation of the Net Proceeds Coverage Percentage in respect of each
of the three (3) preceding Monthly Advance Collection Periods (or each that has occurred since the date of this Indenture Supplement, if less than three (3)), and the arithmetic average of the three; 

(xi) the Monthly Reimbursement Rate for the upcoming Payment Date or Interim Payment Date; 

(xii) the PSA Stressed Non-Recoverable Advance Amount for the upcoming Payment Date or Interim Payment Date; and

 (xiii) the Trigger Advance Rate for each Class of Series 2013-T2 Notes. 

In addition to the information provided in the above Calculation Agent Report, to the extent the following information is specifically provided to the
Calculation Agent by HLSS or OLS, the Calculation Agent shall promptly, from time to time, provide such other financial or non-financial information, documents, records or reports with respect to the Receivables or the condition or operations,
financial or otherwise, of HLSS or OLS, including any information available to HLSS or OLS, as the Administrative Agents or any Noteholder may from time to time reasonably request in order to assist the Administrative Agents or such Noteholder in
complying with the requirements of Article 122a(4) and (5) of the CRD as may be applicable to the Administrative Agents or such Noteholder; provided, that this Section 9(a) shall be applicable to any and all other Series of Notes issued
under the Base Indenture. 
 (b) Series Payment Date Report. In conjunction with each Payment Date Report, the Indenture
Trustee shall also report the Stressed Time Percentage. 
 (c) Limitation on Indenture Trustee Duties. The Indenture
Trustee shall have no independent duty to verify: (i) the occurrence of any of the events described in clause (ii) of the definition of “Target Amortization Event;” or (ii) compliance with clause (vi) of the definition
of “Facility Eligible Servicing Agreement.” 
 Section 10. Conditions Precedent Satisfied. 

The Issuer hereby represents and warrants to the Holders of the Series 2013-T2 Notes and the Indenture Trustee that, as of the related
Issuance Date, each of the conditions precedent set forth in the Base Indenture, including but not limited to those conditions precedent set forth in Section 6.10(b) and Article XII thereof and Section 12 hereof, as applicable, have been
satisfied. 
 Section 11. Representations and Warranties. 

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

  
 14 

 Section 12. Amendments. 

(a) Notwithstanding any provisions to the contrary in Article XII of the Base Indenture, and in addition to and otherwise subject to the
provisions set forth in Sections 12.1 and 12.3 of the Base Indenture, without the consent of the Holders of any Notes or any other Person but with the consent of the Issuer (evidenced by its execution of such amendment), the Indenture Trustee, the
Administrator, the Servicer, the Subservicer (whose consent shall be required only to the extent that such amendment would materially affect the Subservicer) and the Administrative Agents, and with prior notice to the applicable Note Rating Agency,
at any time and from time to time, upon delivery of an Issuer Tax Opinion and upon delivery by the Issuer to the Indenture Trustee of an Officer’s Certificate to the effect that the Issuer reasonably believes that such amendment will not have
an Adverse Effect, may amend this Indenture Supplement for any of the following purposes: (i) to correct any mistake or typographical error or cure any ambiguity, or to cure, correct or supplement any defective or inconsistent provision herein
or any other Transaction Document; (ii) to correct, modify or supplement any provision herein that may be defective or may be inconsistent with any provision in the final Private Placement Memorandum dated May 20, 2013, as it may be
amended or supplemented from time to time; (iii) to take any action necessary to maintain the rating currently assigned by the applicable Note Rating Agency and/or to avoid such Class of Notes being placed on negative watch by such Note Rating
Agency; (iv) to issue additional Classes of Series 2013-T2 Notes in accordance with Section 7 of this Indenture Supplement; or (v) to amend any other provision of this Indenture Supplement. 

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

  
 15 

 Section 13. Counterparts. 

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

Section 14. Entire Agreement. 
 This Indenture Supplement, together with the Base Indenture incorporated herein by reference, constitutes the entire agreement among the parties hereto with respect to the subject matter hereof, and fully
supersedes any prior or contemporaneous agreements relating to such subject matter. 
 Section 15. Limited Recourse.

 Notwithstanding any other terms of this Indenture Supplement, the Series 2013-T2 Notes, any other Transaction Documents or
otherwise, the obligations of the Issuer under the Series 2013-T2 Notes, this Indenture Supplement and each other Transaction Document to which it is a party are limited recourse obligations of the Issuer, payable solely from the Trust Estate, and
following realization of the Trust Estate and application of the proceeds thereof in accordance with the terms of this Indenture Supplement, none of the Holders of Series 2013-T2 Notes, the Indenture Trustee or any of the other parties to the
Transaction Documents shall be entitled to take any further steps to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished and shall not thereafter revive. No recourse shall be had for
the payment of any amount owing in respect of the Series 2013-T2 Notes or this Indenture Supplement or for any action or inaction of the Issuer against any officer, director, employee, shareholder, stockholder or incorporator of the Issuer or any of
their successors or assigns for any amounts payable under the Series 2013-T2 Notes or this Indenture Supplement. It is understood that the foregoing provisions of this Section 15 shall not (a) prevent recourse to the Trust Estate
for the sums due or to become due under any security, instrument or agreement which is part of the Trust Estate or (b) save as specifically provided therein, constitute a waiver, release or discharge of any indebtedness or obligation evidenced
by the Series 2013-T2 Notes or secured by this Indenture Supplement. It is further understood that the foregoing provisions of this Section 15 shall not limit the right of any Person to name the Issuer as a party defendant in any
proceeding or in the exercise of any other remedy under the Series 2013-T2 Notes or this Indenture Supplement, so long as no judgment in the nature of a deficiency judgment or seeking personal liability shall be asked for or (if obtained) enforced
against any such Person or entity. 
 Section 16. Owner Trustee Limitation of Liability. 

It is expressly understood and agreed by the parties hereto that (a) this Indenture Supplement is executed and delivered by Wilmington
Trust Company, not individually or personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, 

  
 16 

 undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal
representation, undertaking and agreement by Wilmington Trust Company but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust Company,
individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d)
under no circumstances shall Wilmington Trust Company be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or
undertaken by the Issuer under this Indenture Supplement or the other Transaction Documents. 

  
 17 

 IN WITNESS WHEREOF, HLSS Servicer Advance Receivables Trust, as Issuer, HLSS
Holdings, LLC (as Administrator on behalf of the Issuer and as Servicer (on and after the MSR Transfer Date)), Ocwen Loan Servicing, LLC (as Servicer (prior to the MSR Transfer Date)), Deutsche Bank National Trust Company, as Indenture Trustee,
Calculation Agent, Paying Agent and Securities Intermediary, and Wells Fargo Securities, LLC (as Administrative Agent), have caused this Indenture Supplement relating to the Series 2013-T2 Notes, to be duly executed by their respective officers
thereunto duly authorized and their respective signatures duly attested all as of the day and year first above written. 
  

													
	 HLSS SERVICER ADVANCE RECEIVABLES TRUST, as Issuer

 
 By: Wilmington Trust Company, not in its individual capacity but solely as Owner
Trustee
	 		 	DEUTSCHE BANK NATIONAL TRUST COMPANY, as Indenture Trustee, Calculation Agent, Paying Agent and Securities Intermediary and not in its individual
capacity
		 		 		 		 		 		  	
	By:	 	 	 		 	By:	 	 
	 Name:
	 	 	 		 	 Name:
	  	 
	 Title:
	 	 	 		 	 Title:
	  	 
						
		 		 		 		 	 By:
	 	 
		 		 		 		 	Name:	  	 
		 		 		 		 	Title:	  	 
						
		 		 		 		 		  	
	 HLSS HOLDINGS, LLC,
 as Administrator and as Servicer (on or after the MSR Transfer Date)
	 		 	 OCWEN LOAN SERVICING, LLC, 
 as a Subservicer and as Servicer (prior to the MSR Transfer Date)

		 		 		 		 		 		  	
	By:	 	 	 		 	By:	 	 
	 Name:
	 	 	 		 	 Name:
	  	 
	 Title:
	 	 	 		 	 Title:
	  	 

 Signature Page to Indenture Supplement – HLSS Series 2013-T2 Notes 

							
	 CREDIT SUISSE AG, NEW YORK BRANCH,

as Administrative Agent
	 	
		 		 		 	
	By:	 	 	 	
	 Name:
	 	 	 	
	 Title:
	 	 	 	
		 		 		 	
	By:	 	 	 	
	 Name:
	 	 	 	
	 Title:
	 	 	 	

  
 Signature
Page to Indenture Supplement – HLSS Series 2013-T2 Notes

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