Document:

Amend. No. 2 to Early Purchase Program Addendum

 EXHIBIT 10.16 
  
 AMENDMENT NO. 2 TO 
 EARLY PURCHASE PROGRAM ADDENDUM TO LOAN PURCHASE AGREEMENT 
  
 This AMENDMENT NO. 2 TO EARLY PURCHASE PROGRAM ADDENDUM TO LOAN PURCHASE AGREEMENT (the “Amendment”) is made and entered into as of August 1, 2003 by and between Countrywide Home Loans, Inc. (“Countrywide”) and HomeBanc
Mortgage Corp. (“Seller”). This Amendment amends that certain Early Purchase Program Addendum to Loan Purchase Agreement by and between Countrywide and Seller dated as of April 4, 2002 (the “EPP Addendum”), which such EPP
Addendum supplements that certain Loan Purchase Agreement by and between Countrywide and Seller dated as of July 17, 2001 (including all the Commitments, Amendments, Addenda, Assignments of Trade and Assignments thereto, collectively, the “Loan
Purchase Agreement”). 
  
 RECITALS 
  
 Countrywide and Seller have previously entered into the EPP Addendum pursuant
to which Seller may sell certain loans to Countrywide prior to delivery of certain mortgage loan documents. Countrywide and Seller hereby agree that the EPP Addendum shall be amended as provided herein. 
  
 In consideration of the mutual promises contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Countrywide and Seller hereby agree as follows: 
  

	1.	Section 7(d) – Countrywide and Seller agree to amend the Outstanding Loan Limit to $80,000,000. 

  

	2.	Section 4(a) – Over/Under Account Minimum Balance: Countrywide and Seller agree that the Over/Under Account; “Minimum Balance” required to be maintained by Seller
shall be amended to $600,000. 

  

	3.	New section - Section 7 (e) - Inability to Complete Review. “In the event Countrywide is unable to complete its review of any Loan
during the related Review Period as a result of any mortgage file, information and/or documents not being timely delivered or provided to Countrywide as required hereunder, Countrywide may, at Countrywide’s sole option and in lieu of requiring
Seller to repurchase the affected Loan, either: 

  

	 	(i)	extend the Review Period for an additional period of time to be determined by Countrywide in its sole discretion, in which case, (A) as a holdback amount to compensate Countrywide
for the risk that such EPP Loan may not comply with the Agreements, the Initial Purchase Price for the Loan shall be reduced by Countrywide in accordance with the reduction schedule set forth in Exhibit J, (B) Countrywide shall charge, and
Seller shall be obligated to pay, in addition to any other fees and interest applicable under the Loan Purchase Agreement or the EPP Addendum, a Review Period Extension Fee. Such holdback amount, Review Period Extension Fee and Interest Compensation
Fee may be deducted by Countrywide from the Over/Under Account in accordance with Section 4 hereof; or 

  

	 	(ii)	mutually agree with Seller upon the Adjusted Purchase Price of the related Loan, in which case, the difference, if any, between the Initial Purchase Price and the agreed upon
Adjusted Purchase Price for such loan shall then be debited or credited, as applicable, by Countrywide to the Over/Under Account. 

  

	 	(iii)	Countrywide shall not be obligated to purchase Loans under the Addendum if 10% of the outstanding Loans are subject to an extension of the Review Period. 

 

	4.	New Heading – Section 7(E) – Holdback Schedule: Countrywide and Seller agree to add the following Holdback Schedule: 

  

					
	 Days over Review
 Period

	  	 Holdback as a
 percentage of Initial
 Purchase Price

	  	 Review Period
 Extension Fee

	 1-15 days
	  	5%	  	 1.50% over the initial
 Net Interest
Spread

	 16-30 days
	  	15%	  	 1.75% over the initial
 Net Interest
Spread

	 31-45 days
	  	10%	  	 2.00% over the initial
 Net Interest
Spread

  

	5.	No Other Amendments. Other than as expressly modified and amended herein, the EPP Addendum and Loan Purchase Agreement shall remain in full force and effect and
nothing herein shall affect the rights and remedies of Countrywide as provided under the EPP Addendum and Loan Purchase Agreement. 

  

	6.	Capitalized Terms. Any capitalized term used herein and not otherwise defined herein shall have the meaning ascribed to such term in the EPP Addendum or Loan Purchase
Agreement, as applicable. 

  

	7.	Facsimiles: Facsimile signatures shall be deemed valid and binding to the same extent as the original. 

  
 IN WITNESS WHEREOF, Countrywide and Seller have caused their names to be signed hereto by
their respective officers thereunto duly authorized as of the date first written above. 
  

									
	 COUNTRYWIDE HOME LOANS, INC.
	 	 	 	 HOMEBANC MORTGAGE CORP.

					
	 By:
	 	 /S/    THOMAS C. WILLIAMS
	 	 	 	 By:
	 	 /S/

	 	 	
	 	 	 	 	 	

	 	 	 Signature
	 	 	 	 	 	 Signature

					
	 Name:
	 	 Thomas C. Williams
	 	 	 	 Name:
	 	 
					
	 Title:
	 	 President
	 	 	 	 Title:
	 	 

  

 POWER OF ATTORNEY 
  

KNOW ALL MEN BY THESE PRESENTS: 
  
 WHEREAS, Countrywide Home Loans, Inc. (“Countrywide”) and HomeBanc Mortgage Corp. (“Seller”) have entered into
the Early Purchase Program Addendum to Loan Purchase Agreement, dated as of April 4, 2002 (the “EPP Addendum”), pursuant to which Countrywide has agreed to purchase loans from Seller under an early purchase program subject to the terms and
conditions set forth therein; and 
  
 WHEREAS,
Seller has agreed to give to Countrywide a power of attorney on the terms and conditions contained herein in order for Countrywide to take any action that Countrywide may deem necessary or advisable to accomplish the purposes of the EPP Addendum;

  
 NOW, THEREFORE, Seller hereby irrevocably constitutes and
appoints Countrywide its true and lawful Attorney-in-Fact, with full power and authority hereby conferred in its name, place and stead and for its use and benefit, to do and perform the following in connection with the loans to be sold by Seller to
Countrywide under the EPP Addendum (the “EPP Loans”) or as otherwise provided below: 
  

	 	(1)	to receive, endorse and collect all checks made payable to the order of Seller representing any payment on account of the EPP Loans; 

  

	 	(2)	to assign or endorse any mortgage, deed of trust, promissory note or other instrument relating to the EPP Loans; 

  

	 	(3)	to correct any assignment, mortgage, deed of trust or promissory note or other instrument relating to the EPP Loans, including, without limitation, unendorsing and re-endorsing a
promissory note to another investor; 

  

	 	(4)	to complete lost note affidavits relating to the EPP Loans; 

  

	 	(5)	to issue title requests and instructions relating to the EPP Loans; 

  

	 	(6)	to give notice to any individual or entity of its ownership interest in the EPP Loans; and 

  

	 	(7)	to service and administer the EPP Loans, including, without limitation, the receipt and collection of all sums payable in respect of the EPP Loans. 

  
 Seller hereby ratifies and confirms all that said Attorney-in-Fact shall
lawfully do or cause to be done by authority hereof. 
  
 Third parties without
actual notice may rely upon the power granted under this Power of Attorney upon the exercise of such power by the Attorney-in-Fact. 
  

			
	 HomeBanc Mortgage Corp.

		
	 By:
	 	 
	 	 	

	 Name:
	 	 
	 	 	

	 Title:
	 	 
	 	 	

  

 1 

 WITNESS my hand this
                         day of
                    , 20    . 
  

	
	 
	

	
	 
	

  

					
	STATE OF                                    
     	 	 	  	}
	                                       
                     }	 	SS.	  	 
	County of
                                       
 	 	 	  	}

  
 This instrument was
acknowledged, subscribed and sworn to before me this                          day of
                        , by
                                        
                                        
                 
  

	
	
	 
	

	 Notary Public

 My Commission Expires:
                         
  

 2Amend. No. 3 to Early Purchase Program Addendum

 EXHIBIT 10.17 
  
 AMENDMENT NO. 3 TO 
 EARLY PURCHASE PROGRAM ADDENDUM TO LOAN PURCHASE AGREEMENT 
  
 This AMENDMENT NO. 3 TO EARLY PURCHASE PROGRAM ADDENDUM TO LOAN PURCHASE AGREEMENT (the “Amendment”) is made and entered into as of October 30, 2003 by and between Countrywide Home Loans, Inc. (“Countrywide”) and
HomeBanc Mortgage Corp. (“Seller”). This Amendment amends that certain Early Purchase Program Addendum to Loan Purchase Agreement by and between Countrywide and Seller dated as of April 4, 2002 (the “EPP Addendum”), which such
EPP Addendum supplements that certain Loan Purchase Agreement by and between Countrywide and Seller dated as of July 17, 2001 (including all the Commitments, Amendments, Addenda Assignments of Trade and Assignments thereto, collectively, the
“Loan Purchase Agreement”). 
  
 RECITALS

  
 Countrywide and Seller have previously entered into the EPP
Addendum pursuant to which Seller may sell certain loans to Countrywide prior to delivery of certain mortgage loan documents. Countrywide and Seller hereby agree that the EPP Addendum shall be amended as provided herein. 
  
 In consideration of the mutual promises contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Countrywide and Seller hereby agree as follows: 
  

	1.	Section 4(a) – Over/Under Account Minimum Balance: Countrywide and Seller agree that the Over/Under Account; “Minimum Balance” required to be
maintained by Seller shall be amended to $2,600,000 and may be amended at any time at the sole discretion of Countrywide.” 

  

	2.	Section 7 (e)(iii) – Inability to Complete Review: Seller and Countrywide agree to delete section 7(e)(iii) in its entirety and replace it with the
following: 

  
 “Countrywide shall not
be obligated to purchase Loans under the Addendum if, 20% of the outstanding Loans are subject to an extension of the Review Period through November 30, 2003, if 15% of the outstanding Loans are subject to an extension of the Review Period through
December 31, 2003, if 10% of the outstanding Loans are subject to an extension of the Review Period through January 31, 2004 and if 7% of the outstanding Loans are subject to an extension of the Review Period thereafter.” 
  

	3.	Exhibit J - Holdback Schedule: Countrywide and Seller agree to delete the Holdback Schedule and replace it with the following:

  

											
	 Through January 31, 2004

	  	 from February 1, 2004 and thereafter

	 Days over
 Review
 Period

	  	 Holdback
 as a
 percentage
 of Initial
 Purchase
 Price

	  	 Review
 Period
 Extension
 Fee

	  	 Days over
 Review
 Period

	  	 Holdback
 as a
 percentage
 of Initial
 Purchase
 Price

	  	 Review Period
 Extension Fee

	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	 1-15 days
	  	5%	  	1.50% over the initial Net Interest Spread	  	1-15 days	  	5%	  	 1.50% over the
 initial Net
 Interest Spread

	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	 16-30 days
	  	10%	  	1.75% over the initial Net Interest Spread	  	16-30 days	  	10%	  	1.75% over the initial Net Interest Spread
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	 31-45 days
	  	15%	  	2.00% over the initial Net Interest Spread	  	31-45 days	  	15%	  	 2.00% over the
 initial Net Interest Spread

	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	 46-135 days
	  	25%	  	2.00% over the initial Net Interest Spread	  	 	  	 	  	 
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  

  

	4.	No Other Amendments. Other than as expressly modified and amended herein, the EPP Addendum and Loan Purchase Agreement shall remain in full force and effect and
nothing herein shall affect the rights and remedies of Countrywide as provided under the EPP Addendum and Loan Purchase Agreement. 

  

	5.	Capitalized Terms. Any capitalized term used herein and not otherwise defined herein shall have the meaning ascribed to such term in the EPP Addendum or Loan
Purchase Agreement, as applicable. 

  

	6.	Facsimiles: Facsimile signatures shall be deemed valid and binding to the same extent as the original. 

  
 IN WITNESS WHEREOF, Countrywide and Seller have caused their names to be signed hereto by
their respective officers thereunto duly authorized as of the date first written above. 
  

									
	 COUNTRYWIDE HOME LOANS, INC.
	 	 	 	 HOMEBANC MORTGAGE CORP.

					
	By:	 	 /S/    THOMAS C. WILLIAMS
	 	 	 	By:	 	 /S/

	 	 	
	 	 	 	 	 	

	 	 	 Signature
	 	 	 	 	 	 Signature

					
	 Name:
	 	 Thomas C. Williams
	 	 	 	 Name:
	 	 
					
	 Title:
	 	 President
	 	 	 	 Title:

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