Document:

EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT AND GENERAL RELEASE 

This Separation Agreement and General Release (hereinafter the “Agreement”) is entered into by and between DORMAN PRODUCTS, INC., a
Pennsylvania corporation (the “Company”) and MICHAEL GINNETTI (“Employee”). 
 WHEREAS, the Company and Employee have
mutually decided to terminate the employment of the Employee with an effective date of August 30, 2019, subject to the conditions set forth herein; and 

WHEREAS, Employee and the Company desire to amicably resolve all issues relating to their employment relationship and the end of that
relationship. 
 NOW, THEREFORE, in consideration of the mutual promises and obligations contained herein, it is agreed as follows: 

1.    Effective Date. The effective date of Employee’s cessation of employment with the Company will be
August 30, 2019 (the “Effective Date”). As of such date, Employee will be permanently separated from employment with the Company. As of the Effective Date, Employee hereby resigns as an officer of the Company and from any other
positions held by Employee in the Company and the Company’s subsidiaries. 
 2.    Consideration. For and in
consideration of the execution of this Agreement by Employee, Employee shall be entitled to the following severance benefits: 

(i)     The Company shall continue to pay Employee’s base salary in effect on the Effective Date for fifty-two (52) weeks following the Effective Date in accordance with the usual payroll practices of the Company; and 

(ii)    if Employee validly elects to receive continuation coverage under the Company’s group health plan pursuant to
the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company shall (a) reimburse Employee for the applicable premium payable for such coverage for the period beginning on September 1, 2019 and ending on
February 28, 2020, or (b) pay the applicable premium for such coverage for the period beginning on September 1, 2019 and ending on February 28, 2020. Such reimbursement, if any, shall be paid to Employee on the first payroll date
of the Company of each month. 
 3.    Waiver of Other Consideration from Employer. Employee acknowledges that
the consideration set forth in Paragraph 2, above, is sufficient, good and valuable consideration for the promises set forth in this Agreement. Employee and the Company agree that Employee is not entitled to any pay or other benefits from the
Company other than those set forth in Paragraph 2, above, and Employee hereby waives any claims to same. Without limiting the generality of the foregoing, Employee shall not be entitled to any unpaid annual performance bonus with respect to the 2019
fiscal year of the Company or any prior fiscal year of the Company. The treatment of any outstanding equity incentive awards held by Employee as of the Effective Date in connection with Employee’s cessation of employment shall be determined
pursuant to the terms and conditions of the equity incentive plans and award agreements pursuant to which such equity incentive awards were granted. The Company agrees not to contest Employee’s entitlement, if any, to state unemployment
benefits. 

 4.    General Release 

(a)    In consideration for the undertakings of the Company set forth herein, and intending to be legally bound, Employee
does hereby RELEASE, REMISE, AND FOREVER DISCHARGE the Company and its past, present and future affiliates, parent and subsidiary companies, and their respective past and present shareholders, officers, directors, attorneys, employees, agents
and representatives, and all of their respective successors and assigns (hereinafter referred to collectively as “RELEASEES”), jointly and severally, of and from any and all claims, causes of action, demands, rights,
obligations, suits, liabilities, damages, costs, attorney’s fees, expenses, debts, dues, compensation and agreements, of any type or kind, whether in law or in equity (collectively “Claims”), which Employee ever had, now has, or
hereafter may have, or which Employee’s heirs, executors or administrators hereafter may have, by reason of any matter, cause, or thing whatsoever from the beginning of time until the execution date of this Agreement, and particularly, but
without limitation of the foregoing general terms, any Claims concerning or relating in any way to Employee’s employment relationship with the Company, the termination of Employee’s employment relationship with the Company, or
Employee’s wages, pay, salary, vacation, overtime, bonuses and/or commissions including, but not limited to, any Claims which have been asserted, could have been asserted, or could be asserted now or in the future against the RELEASEES
arising under any federal, state or other governmental statute, regulation or ordinance, including without limitation, the following statutes and laws, all as amended through the date of execution of this Agreement: the Age Discrimination in
Employment Act, 29 U.S.C. § 621 et seq., (the “ADEA”), Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq., (“Title VII”), the Americans with Disabilities Act, 42 U.S.C. § 12101 et
seq. (the “ADA”), the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1001 et seq., (“ERISA”), the Family and Medical Leave Act, 29 U.S.C. § 2601 et seq. (the “FMLA”), the
Pennsylvania Human Relations Act, 43 P.S. § 951 et seq., and any other law, local, state or federal, pertaining to employment or the relationship between employer and employee. 

(b)    Employee acknowledges, understands and agrees that as a result of the General Release in Paragraph 4(a), Employee
is giving up all Claims that Employee may have had concerning Employee’s employment with the Company up to and including the date of this Agreement including all of the Claims which are released pursuant to Paragraph 4(a). Further, Employee
acknowledges, understands and agrees that, to the maximum extent permitted by law, as a result of the General Release in Paragraph 4(a), Employee is giving up the right to any monetary damages or awards from the Company or other personal relief
(including injunctive relief and reinstatement) with respect to any Claims which are released pursuant to Paragraph 4(a). 

5.    Exceptions to the General Release. 

(a)    The General Release in Paragraph 4(a), above, does not apply to: (i) any Claims for vested benefits under any
Company retirement, 401(k), profit sharing or other deferred compensation plan; (ii) any Claims to require the Company to honor its commitments set forth in this Agreement or to interpret this Agreement; (iii) any Claims that arise after
Employee has signed this Agreement; (iv) any rights Employee has to indemnification, including advancement of expenses, by the Company under the Company’s Articles of Incorporation and By-laws, as
amended; and (v) any Claims for unemployment compensation benefits, workers compensation benefits or any other Claims that cannot be waived by a general release, including, without limitation, the right to contact or file a charge with any
federal, state or local government agency, including, but not limited to filing a discrimination or other charge with the Equal Employment Opportunity Commission (EEOC) or comparable state agency (provided, however, that Employee is giving up the
right to any monetary damages or awards from the Company or other personal relief arising from such charges, as set forth in Paragraph 4(b), above to the maximum extent permitted by law). 

(b)    Nothing in this Agreement is intended to or shall be interpreted to restrict or otherwise interfere with
Employee’s right to contact, cooperate with or provide information to any governmental agency, or restrict or interfere with Employee’s obligation to testify truthfully in any tribunal. 

 6.    No Verbal Agreements. Employee acknowledges that neither
the Company nor any of its respective agents, representatives, employees, or attorneys, have made any representations to Employee concerning the terms or effects of this Agreement other than those contained herein. Employee understands and agrees
that the sole agreement as between Employee and Company is as set forth in this Agreement. 
 7.    No Obligation to Re-Hire. Employee agrees and recognizes that neither the Company nor any of its subsidiaries or affiliates shall have any obligation, contractual or otherwise, to hire, rehire, or
re-employ Employee in the future. 
 8.    No Waiver of Certain Claims
Arising After the Date of this Agreement. Employee understands that this Agreement does not waive rights or claims arising under the Age Discrimination in Employment Act of 1967 which may first arise after the date this Agreement is
signed. 
 9.    Multiple Counterparts. This Agreement can be executed in separate counterparts, each of which
shall constitute an original and all of which shall be deemed a single document. All signatures need not be on the same copy. The Parties agree that faxed or PDF signatures shall be the equivalent of original signatures. 

10.    Employee Certifications and Acknowledgments; Time Periods to Review, Consider and Revoke. 

Employee hereby certifies and acknowledges that: 

a.    I have read the terms of this Agreement and I understand its terms and effects, including the fact that I have
agreed to RELEASE AND FOREVER DISCHARGE the Company and the RELEASEES from any and all claims that I may have against them including, but not limited to, claims for age discrimination; 

b.    I have signed this Agreement voluntarily and knowingly in exchange for the consideration provided to me in the
Agreement; 
 c.    I acknowledge that I would not otherwise be entitled to said consideration and I acknowledge that
the consideration provided to me as a result of signing this Agreement is adequate and satisfactory; 
 d.    I have
been advised through this document that the signing of this Agreement does not waive rights or claims that may first arise after the date the Agreement is executed; 

e.    Through this Agreement, I have been advised to consult with an attorney concerning this Agreement prior to signing
this Agreement; 
 f.    I have been informed that I have the right to consider this Agreement for a period of up to twenty-one (21) days from receipt thereof, that I am allowed to sign this Agreement prior to the end of the said 21-day period, and I have signed on the date indicated
below after concluding that this Agreement is satisfactory to me; 
 g.    I also understand that for seven
(7) days after signing this Agreement, I have the right to revoke and withdraw from this Agreement (the “Revocation Period”), and that, if I do not exercise my right to withdraw from this Agreement within seven (7) days, the
Agreement becomes final and forever binding on the eighth (8th) day following the signing of this Agreement; and 

 h.    I further understand that this Agreement shall not be effective
until after the Revocation Period has expired without my having revoked this Agreement. In order to revoke this Agreement, I must send a letter stating same. The letter must be sent via Certified Mail, Return Receipt Requested, to: 

Chief Human Resources Officer 

Dorman Products, Inc. 
 3400 East
Walnut Street 
 Colmar, PA 18915 
 The letter
must be post-marked within seven (7) days of the date of my execution of this Agreement. If the seventh day is a Sunday or federal holiday, then the letter must be post marked on the following business day. If I revoke this Agreement on a
timely basis, I will not be eligible for the payment and any other consideration set forth in Paragraph 2, above. 

i.    The Parties to this Agreement acknowledge that they understand this Agreement, and sign it upon the advice of their
counsel, freely and voluntarily, without any coercion, duress or other undue influence. 
 11.    Controlling Law and
Venue. This Agreement shall in all respects be interpreted, enforced, and governed under the laws of the Commonwealth of Pennsylvania, without regard to its conflict of laws rules. Any action initiated concerning this Agreement shall be brought
only in the federal or state courts located within the Commonwealth of Pennsylvania. 
 12.    Restrictive Covenants;
Protected Activities; Etc. 
 (a)    Restrictive Covenants. 

(i)    Affirmation of Obligations. Employee acknowledges that Employee is bound by the terms of the Agreement Relating to Non-competition and Confidentiality of Company and Customer Information dated May 26, 2011 that Employee previously entered into with the Company or with an affiliated company and hereby re-affirms all obligations thereunder. 
 (ii)    Protected Activities. Nothing in
this Agreement shall prohibit or impede Employee from communicating, cooperating or filing a complaint with any U.S. federal, state or local governmental or law enforcement branch, agency or entity (collectively, a “Governmental Entity”)
with respect to possible violations of any U.S. federal, state or local law or regulation, or otherwise making disclosures to any Governmental Entity, in each case, that are protected under the whistleblower provisions of any such law or regulation;
provided, that in each case such communications and disclosures are consistent with applicable law. Employee understands and acknowledges that an individual shall not be held criminally or civilly liable under any federal or state trade secret law
for the disclosure of a trade secret that is made (1) in confidence to a federal, state, or local government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (2) in a
complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Employee understands and acknowledges further that an individual who files a lawsuit for retaliation by an employer for reporting a suspected
violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal; and does not disclose the
trade secret, except pursuant to court order. Except as otherwise provided in this paragraph or under applicable law, under no circumstance is Employee authorized to disclose any information covered by the Company’s attorney-client privilege or
attorney work product, or the Company’s trade secrets, without the prior written consent of the Company. Employee does not need the prior authorization of (or to give notice to) any member of the Company or its affiliates regarding any
communication, disclosure, or activity described in this paragraph. 

 (iii)    Non-Disparagement.
Employee agrees that Employee will not in any way disparage or make negative, disparaging, or derogatory comments or statements, whether written or unwritten, about the Company, its employees, officers, directors, or shareholders, or its reputation
or products and services. 
 (b)    Certification of Return of All Company Property. In addition, Employee
hereby agrees that Employee will promptly return (or, if already returned, Employee hereby certifies that Employee has returned) all property belonging to the Company (in the condition noted below) and agree that until Employee does so, Company has
no obligations pursuant to Paragraph 2 of this Agreement. As used herein, the term “property” includes all physical property belonging to the Company (for example, documents of any type or kind, computers, credit cards, access tags,
badges, etc.), as well as all data and electronic files belonging to the Company or its affiliates or their respective businesses. Employee also hereby agrees that he will return all such property in “as is” condition and will not delete
any files belonging to the Company or its affiliates and will not erase or “wipe” any hard drives of any data of any type or kind belonging to the Company or its affiliates. If the return of such data and electronic files is not
practicable or if copies remain in Employee’s possession, custody or control, or on his personal devices after the return of such data and electronic files to the Company, then Employee hereby certifies that he has destroyed or deleted same, or
will destroy or delete same promptly following the termination of Employee’s employment. Employee understands, acknowledges and agrees that Company has the right to ask for separate written certifications regarding compliance with this
paragraph. 
 13.    Section 409A. This Agreement is intended to comply with Section 409A of the Internal
Revenue Code or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in
a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term
deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this
Agreement upon a termination of employment shall only be made upon a “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this
Agreement comply with Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Employee on account of
non-compliance with Section 409A. 
 14.    Miscellaneous. The
invalidity, non-applicability, or unenforceability of any term or provision of this Agreement shall not impair or affect the remainder of this Agreement, and should any term or condition of this Agreement be
found to be invalid or unenforceable, such invalid or unenforceable term or condition shall be treated as having been deleted from this Agreement, and a valid and enforceable term or condition shall be substituted in its place which term or
condition shall have as close to the same meaning and intent as the deleted term or condition, and all remaining terms and conditions shall remain valid and enforceable. Paragraph headings are for convenience only and shall not be afforded any
substantive meaning. Employee agrees that Employee has had a full and fair opportunity to have this Agreement reviewed by the counsel of his choosing, that this Agreement is the subject to arms-length negotiation, that both parties have played a
role in the drafting of this Agreement, and that no presumptions shall apply against Employer with respect to the drafting of this Agreement. All payments hereunder are subject to applicable withholding taxes. 

 15.    Cooperation. Employee agrees to make himself reasonably
available to and cooperate with the Company and its attorneys with respect to any business issues or legal proceedings that the Company believes, in its sole discretion, may be in any way related to his employment with the Company or to matters in
which he was involved or has knowledge. Such cooperation encompasses Employee’s assistance with matters preliminary to the instigation of any legal proceedings and assistance during and throughout any litigation, administrative, or legal
proceeding, including, but not limited to, participating in any fact-finding efforts or investigation, speaking with the Company’s attorneys, testifying in depositions, testifying at hearings or at trial, and assisting with any post-litigation
matter or appeal. Nothing in this Paragraph should be construed as suggesting or implying in any way that Employee should testify untruthfully. The Company shall make reasonable efforts to minimize disruption of the Employee ’s other business
activities. The Company will reimburse Employee for the reasonable expenses, if any, for travel, or other direct costs (including, without limitation, pre-approved legal fees, such approval not to be
unreasonably withheld or delayed) incurred by Employee associated with that cooperation. 
 16.    Amendments.
Any amendment or modification of this Agreement must be expressed in a writing signed by both parties or else such amendment or modification shall not be effective. The parties agree that the failure of a Party to strictly enforce any term or
condition of this Agreement shall not be deemed to be a waiver of the right of such Party to subsequently strictly enforce any term or condition of this Agreement. 

17.    No Admission of Wrongdoing. Neither the offering nor acceptance of this Agreement is intended or shall be
construed as an admission that either Employee or any of the Releasees has violated any federal, state or local law or regulation or has committed any wrong against any other party to this Agreement. 

18.    Successors and Assigns; Third Party Beneficiaries. This Agreement, and all portions hereof, shall inure to
the benefit of and be binding upon Employee and Employee’s heirs, administrators, representatives, executors, successors, beneficiaries, and assigns (only as agreed to by Company), and shall also inure to the benefit of the Company’s
successors and assigns. The Releasees are intended third party beneficiaries of this Agreement. 
 [signature page follows] 

 IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties or their
authorized representatives have executed this Agreement on the date(s) noted below. 
 DORMAN PRODUCTS, INC. 

 

							
	By:	  	 /s/ David Hession
	 	                    	 	Date: 9/18/2019
	Name:	  	David Hession	 		 	
	Title:	  	Senior Vice President and	 		 	
		  	Chief Financial Officer	 		 	
			
	 /s/ Thomas Knoblauch
	 		 	Date: 9/18/2019
	Witness	 		 	
			
	 /s/ Michael Ginnetti
	 		 	Date: 9/18/2019
	MICHAEL GINNETTI	 		 	
			
	 /s/ Steve Dassing
	 		 	Date: 9/18/2019
	WitnessEXECUTION VERSION
       

      

    

     Exhibit 4.1

    

     

    

    
      SERIES 2019-T3 INDENTURE SUPPLEMENT

       

      dated as of September 20, 2019

       

      by and among

       

      NRZ ADVANCE RECEIVABLES TRUST 2015-ON1, as Issuer,

       

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

       

      HLSS HOLDINGS, LLC, as Administrator,

       

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

       

      PHH MORTGAGE CORPORATION,

       

      NEW RESIDENTIAL MORTGAGE LLC,

       

      NEWREZ LLC d/b/a SHELLPOINT MORTGAGE SERVICING, and

       

      NEW RESIDENTIAL INVESTMENT CORP.

       

      to

       

      THIRD AMENDED AND RESTATED INDENTURE

       

      dated as of July 25, 2019

       

      ADVANCE RECEIVABLES BACKED NOTES, SERIES 2019-T3

       

      
        
          

      

      
        Table of Contents

      

       

      

      	 	 	 	
              Page

            
	 	 	 	 
	
              Section 1.

            	 	
              Creation of Series 2019-T3 Notes.

            	
              2

            
	 	 	 	 
	
              Section 2.

            	 	
              Defined Terms.

            	
              2

            
	 	 	 	 
	
              Section 3.

            	 	
              Forms of Series 2019-T3 Notes; Transfer Restrictions.

            	
              16

            
	 	 	 	 
	
              Section 4.

            	 	
              Collateral Value Exclusions.

            	
              17

            
	 	 	 	 
	
              Section 5.

            	 	
              Series 2019-T3 Reserve Account.

            	
              20

            
	 	 	 	 
	
              Section 6.

            	 	
              Payments; Note Balance Increases; Early Maturity.

            	
              20

            
	 	 	 	 
	
              Section 7.

            	 	
              Optional Redemptions and Refinancing.

            	
              21

            
	 	 	 	 
	
              Section 8.

            	 	
              [RESERVED]

            	
              22

            
	 	 	 	 
	
              Section 9.

            	 	
              Series Reports.

            	
              22

            
	 	 	 	 
	
              Section 10.

            	 	
              Conditions Precedent Satisfied.

            	
              24

            
	 	 	 	 
	
              Section 11.

            	 	
              Representations and Warranties.

            	
              25

            
	 	 	 	 
	
              Section 12.

            	 	
              Amendments.

            	
              25

            
	 	 	 	 
	
              Section 13.

            	 	
              Counterparts.

            	
              26

            
	 	 	 	 
	
              Section 14.

            	 	
              Entire Agreement.

            	
              26

            
	 	 	 	 
	
              Section 15.

            	 	
              Limited Recourse.

            	
              26

            
	 	 	 	 
	
              Section 16.

            	 	
              Owner Trustee Limitation of Liability.

            	27
	 	 	 	 
	
              Section 17.

            	 	
              Joint and Several Liability.

            	
              27

            

      

      

      
        
          

      

      THIS SERIES 2019-T3 INDENTURE SUPPLEMENT (this “Indenture Supplement”),
        dated as of September 20, 2019, is made by and among:

       

      
        
          	

                	(i)	
                  NRZ ADVANCE RECEIVABLES TRUST 2015-ON1, a Delaware statutory trust as issuer (the “Issuer”);

                

        

      

       

      
        
          	

                	(ii)	
                  DEUTSCHE BANK NATIONAL TRUST COMPANY, as indenture trustee (in such capacity, the “Indenture Trustee”),

                    calculation agent (in such capacity, the “Calculation Agent”), paying agent (in such capacity, the “Paying Agent”), and securities intermediary (in such capacity, the “Securities Intermediary”);

                

        

      

       

      
        
          	

                	(iii)	
                  HLSS HOLDINGS, LLC, a Delaware limited liability company, as administrator on behalf of the Issuer (“HLSS”);

                

        

      

       

      
        
          	

                	(iv)	
                  CREDIT SUISSE AG, NEW YORK BRANCH (“Credit Suisse”), as administrative agent (in such capacity, the
                    “Administrative Agent”);

                

        

      

       

      
        
          	

                	(v)	
                  PHH MORTGAGE CORPORATION, a New Jersey corporation (“PMC”);

                

        

      

       

      
        
          	

                	(vi)	
                  NEW RESIDENTIAL MORTGAGE LLC, a Delaware limited liability company (“NRM”);

                

        

      

       

      
        
          	

                	(vii)	
                  NEWREZ LLC d/b/a Shellpoint Mortgage Servicing, a Delaware limited liability company (“Shellpoint”);

                    and

                

        

      

       

      
        
          	

                	(viii)	
                  NEW RESIDENTIAL INVESTMENT CORP., a Delaware corporation (“NRZ”).

                

        

      

       

      This Indenture Supplement relates to and is executed pursuant to that certain Third Amended and Restated Base Indenture (as amended, supplemented,
        restated or otherwise modified from time to time, the “Base Indenture”) supplemented hereby, dated as of the date hereof, among the Issuer, PMC, HLSS, Shellpoint, NRM, the
        Indenture Trustee, the Calculation Agent, the Paying Agent, the Securities Intermediary, Credit Suisse, as Administrative Agent and the “Administrative Agents” from time to time parties thereto, 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 “NRZ Advance Receivables Trust 2015-ON1 Advance Receivables Backed Notes,
        Series 2019-T3 Notes” (the “Series 2019-T3 Notes”).  The parties are entering into this Indenture Supplement to document the terms of the issuance of the Series 2019-T3
        Notes pursuant to the Base Indenture, which provides for the issuance of Notes in multiple series from time to time.

       

      
        
          

      

      
      
        	 	
                Section 1.

              	
                Creation of Series 2019-T3 Notes.

              

      

       

      There are hereby created, effective as of the Issuance Date, the Series 2019-T3 Notes, to be issued pursuant to the Base Indenture and this
        Indenture Supplement, to be known as “NRZ Advance Receivables Trust 2015-ON1 Advance Receivables Backed Notes, Series 2019-T3 Notes.”  The Series 2019-T3 Notes shall not be subordinated to any other Series of Notes.  The Series 2019-T3 Notes are
        issued in five (5) Classes of Term Notes (Class A-T3, Class B-T3, Class C-T3, Class D-T3 and Class E-T3), with the Initial Note Balances, Stated Maturity Dates, Revolving Periods, Note Interest Rates, Expected Repayment Dates and other terms as
        specified in this Indenture Supplement.  The Series 2019-T3 Notes shall be 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 Noteholders of the Series 2019-T3 Notes and all other Series of Notes issued under the Base Indenture as described therein.  In the event that any term or provision contained herein with respect to the Series 2019-T3 Notes 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 2.

              	
                Defined Terms.

              

      

       

      With respect to the Series 2019-T3 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 2019-T3 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, Credit Suisse, 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, with respect to the Series 2019-T3 Notes, on any
        date of determination with respect to each Receivable included in the Trust Estate, the percentage amount based on the Advance Type of such Receivable, as set forth in the table below, subject to amendment by mutual agreement of the Administrative
        Agent and the Administrator, and with consultation with each Note Rating Agency:

       

      
        2

        
          

      

      	 	 	 	
              Advance Type

            	
              Class

              A-T3

            	
              Class

              B-T3

            	
              Class

              C-T3

            	
              Class

              D-T3

            	
              Class

              E-T3

            
	 	
              FIFO NON-

              LOAN-

              LEVEL

            	 	
              Non-Judicial P&I Advances

            	
              86.25%

            	
               89.25%

            	
              91.50%

            	
              95.75%

            	
              96.25%

            
	 	
              Judicial P&I Advances

            	
              76.75%

            	
              80.00%

            	
              83.75%

            	
              93.00%

            	
              94.00%

            
	 	
              Non-Judicial Deferred Servicing Fees

            	
              86.75%

            	
              88.75%

            	
              90.75%

            	
              95.00%

            	
              95.50%

            
	 	
              Judicial Deferred Servicing Fees

            	
              77.00%

            	
              79.50%

            	
              82.50%

            	
              92.50%

            	
              93.25%

            
	 	
              Non-Judicial Escrow Advances

            	
              86.75%

            	
              88.75%

            	
              90.75%

            	
              95.00%

            	
              95.50%

            
	 	
              Judicial Escrow Advances

            	
              77.00%

            	
              79.50%

            	
              82.50%

            	
              92.50%

            	
              93.25%

            
	 	
              Non-Judicial Corporate Advances

            	
              86.75%

            	
              88.75%

            	
              90.75%

            	
              95.00%

            	
              95.50%

            
	 	
              Judicial Corporate Advances

            	
              77.00%

            	
              79.50%

            	
              82.50%

            	
              92.50%

            	
              93.25%

            
	 	 	 	
              Advance Type

            	
              Class

              A-T3

            	
              Class

              B-T3

            	
              Class

              C-T3

            	
              Class

              D-T3

            	
              Class

              E-T3

            
	 	
              FIFO LOAN-

              LEVEL

            	 	
              Non-Judicial P&I Advances

            	
              76.25%

            	
              81.25%

            	
              85.50%

            	
              91.75%

            	
              94.25%

            
	 	
              Judicial P&I Advances

            	
              66.75%

            	
              72.00%

            	
              77.75%

            	
              89.00%

            	
              92.00%

            
	 	
              Non-Judicial Deferred Servicing Fees

            	
              76.75%

            	
              80.75%

            	
              84.75%

            	
              91.00%

            	
              93.50%

            
	 	
              Judicial Deferred Servicing Fees

            	
              67.00%

            	
              71.50%

            	
              76.50%

            	
              88.50%

            	
              91.25%

            
	 	
              Non-Judicial Escrow Advances

            	
              76.75%

            	
              80.75%

            	
              84.75%

            	
              91.00%

            	
              93.50%

            
	 	
              Judicial Escrow Advances

            	
              67.00%

            	
              71.50%

            	
              76.50%

            	
              88.50%

            	
              91.25%

            
	 	
              Non-Judicial Corporate Advances

            	
              76.75%

            	
              80.75%

            	
              84.75%

            	
              91.00%

            	
              93.50%

            
	 	
              Judicial Corporate Advances

            	
              67.00%

            	
              71.50%

            	
              76.50%

            	
              88.50%

            	
              91.25%

            

      

      

      
        3

        
          

      

      	 	 	 	
              Advance Type

            	
              Class

              A-T3

            	
              Class

              B-T3

            	
              Class

              C-T3

            	
              Class

              D-T3

            	
              Class

              E-T3

            
	

            	
              NON-FIFO 

              NON-LOAN-

              LEVEL

            	 	
              Non-Judicial P&I Advances

            	
              81.25%

            	
              85.25%

            	
              88.50%

            	
              93.75%

            	
              95.25%

            
	 	
              Judicial P&I Advances

            	
              71.75%

            	
              76.00%

            	
              80.75%

            	
              91.00%

            	
              93.00%

            
	 	
              Non-Judicial Deferred Servicing Fees

            	
              81.75%

            	
              84.75%

            	
              87.75%

            	
              93.00%

            	
              94.50%

            
	 	
              Judicial Deferred Servicing Fees

            	
              72.00%

            	
              75.50%

            	
              79.50%

            	
              90.50%

            	
              92.25%

            
	 	
              Non-Judicial Escrow Advances

            	
              81.75%

            	
              84.75%

            	
              87.75%

            	
              93.00%

            	
              94.50%

            
	 	
              Judicial Escrow Advances

            	
              72.00%

            	
              75.50%

            	
              79.50%

            	
              90.50%

            	
              92.25%

            
	 	
              Non-Judicial Corporate Advances

            	
              81.75%

            	
              84.75%

            	
              87.75%

            	
              93.00%

            	
              94.50%

            
	 	
              Judicial Corporate Advances

            	
              72.00%

            	
              75.50%

            	
              79.50%

            	
              90.50%

            	
              92.25%

            
	 	 	 	
              Advance Type

            	
              Class

              A-T3

            	
              Class

              B-T3

            	
              Class

              C-T3

            	
              Class

              D-T3

            	
              Class

              E-T3

            
	

            	
              NON-FIFO 

              LOAN-

              LEVEL

            	 	
              Non-Judicial P&I Advances

            	
              71.25%

            	
              77.25%

            	
              82.50%

            	
              89.75%

            	
              93.25%

            
	 	
              Judicial P&I Advances

            	
              61.75%

            	
              68.00%

            	
              74.75%

            	
              87.00%

            	
              91.00%

            
	 	
              Non-Judicial Deferred Servicing Fees

            	
              71.75%

            	
              76.75%

            	
              81.75%

            	
              89.00%

            	
              92.50%

            
	 	
              Judicial Deferred Servicing Fees

            	
              62.00%

            	
              67.50%

            	
              73.50%

            	
              86.50%

            	
              90.25%

            
	 	
              Non-Judicial Escrow Advances

            	
              71.75%

            	
              76.75%

            	
              81.75%

            	
              89.00%

            	
              92.50%

            
	 	
              Judicial Escrow Advances

            	
              62.00%

            	
              67.50%

            	
              73.50%

            	
              86.50%

            	
              90.25%

            
	 	
              Non-Judicial Corporate Advances

            	
              71.75%

            	
              76.75%

            	
              81.75%

            	
              89.00%

            	
              92.50%

            
	 	
              Judicial Corporate Advances

            	
              62.00%

            	
              67.50%

            	
              73.50%

            	
              86.50%

            	
              90.25%

            

      

      

      provided, 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.

       

      “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 Nonrecoverable
        Advance Amount of all Mortgage Loans (other than any Mortgage Loans that generate Receivables that are Loan-Level Receivables or Second-Lien Receivables or any Mortgage Loans that are attributable to Small Threshold Servicing Agreements) serviced
        pursuant to the related Designated Servicing Agreement 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 Mortgage Loans that are not Delinquent serviced pursuant to the related Designated Servicing Agreement.

       

      
        4

        
          

      

      “Advance to UPB Ratio” means, as of any date of determination with
        respect to any Designated Servicing Agreement, the ratio (expressed as a percentage), of (i) the aggregate dollar amount of Advances as of such date that have not been reimbursed to the applicable Servicer arising under the related Designated
        Servicing Agreement over (ii) the aggregate unpaid principal balance of all Mortgage Loans that are not Delinquent serviced pursuant to the related Designated Servicing Agreement as of such date.

       

      “Applicable Rating” means the rating assigned to each Class of the
        Series 2019-T3 Notes by the Note Rating Agency, upon the issuance of such Class as set forth below:

       

      (i)        Class A-T3: 
          AAA(sf);

       

      (ii)       Class B-T3: 
          AA(sf);

       

      (iii)      Class C-T3: 
          A(sf);

       

      (iv)      Class D-T3: 
          BBB(sf); and

       

      (v)       Class E-T3: 
          BB(sf).

       

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

       

      “Class A-T3 Term Notes” or “Class A-T3 Notes” means, the Term Notes, Class A-T3, issued hereunder by the Issuer, having an Initial Note Balance of $333,985,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement.

       

      “Class B-T3 Term Notes” or “Class B-T3 Notes” means, the Term Notes, Class B-T3, issued hereunder by the Issuer, having an Initial Note Balance of $12,703,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement.

       

      “Class C-T3 Term Notes” or “Class C-T3 Notes” means, the Term Notes, Class C-T3, issued hereunder by the Issuer, having an Initial Note Balance of $13,527,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement.

       

      “Class D-T3 Term Notes” or “Class D-T3 Notes” means, the Term Notes, Class D-T3, issued hereunder by the Issuer, having an Initial Note Balance of $35,184,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement.

       

      “Class E-T3 Term Notes” or “Class E-T3 Notes” means, the Term Notes, Class E-T3, issued hereunder by the Issuer, having an Initial Note Balance of $4,601,000, or any Term Notes issued in replacement thereof pursuant to Section 7 of this Indenture Supplement.

       

      “Corporate Trust Office” means the corporate trust offices of the
        Indenture Trustee at which at any particular time its corporate trust business with respect to the Issuer shall be administered, which offices at the Closing Date are located at  1761 East St. Andrew Place, Santa Ana, CA 92705, Ref.: NRZ Advance
        Receivables Trust 2015-ON1, Series 2019-T3, OC19S3, except for Note transfer, exchange or surrender purposes, Deutsche Bank National Trust Company c/o DB Services Americas, Inc., 5022 Gate Parkway, Jacksonville, FL 32256, Attention: Transfer Unit.

       

      

      
        5

        
          

      

      “Cumulative Interest Shortfall Amount Rate” means, with respect to each
        Class of Series 2019-T3 Notes, 3.00% per annum.

       

      “Default Supplemental Fee” means, for each Class of Series 2019-T3
        Notes and each Payment Date during the Full Amortization Period and on the date of final payment of such Class (if the Full Amortization Period is continuing on such final payment date), a fee equal to the product of the Default Supplemental Fee
        Rate multiplied by the Note Balance at the close of business on the prior Payment Date multiplied by a fraction, the numerator of which equals 30 (or, if the Full
        Amortization Period commenced subsequent to the prior Payment Date, the number of days elapsed from and including the day of the commencement of the Full Amortization Period) and the denominator of which equals 360.

       

      “Default Supplemental Fee Rate” means, with respect to each Class of
        Series 2019-T3 Notes, 3.00% per annum.

       

      “Delinquent” means for any Mortgage Loan, any Monthly Payment due
        thereon is not made by the close of business on the day such Monthly Payment is required to be paid and remains unpaid for more than 30 days.

       

      “ERD Supplemental Fee” means, for each Class of the Series 2019-T3
        Notes and each Payment Date from and after the Expected Repayment Date, if the Notes of such Class have not been refinanced on or before the Expected Repayment Date only for such periods as the Notes of such Class are Outstanding and for so long as
        the Notes of such Class have a Note Balance greater than $0, a fee equal to the product of (i) the ERD Supplemental Fee Rate multiplied by (ii) a fraction, the numerator
        of which equals 30 (or, if the Expected Repayment Date has occurred subsequent to the prior Payment Date, the number of days elapsed from and including such Expected Repayment Date) and the denominator of which equals 360 multiplied by (iii) the Note Balance of such Class of Series 2019-T3 Notes as of the close of business on the preceding Payment Date.

       

      “ERD Supplemental Fee Rate” means, with respect to each Class of Series
        2019-T3 Notes, 1.00% per annum.

       

      “Expected Repayment Date” means, for each Class of the Series 2019-T3
        Notes, September 15, 2022.

       

      “Expense Rate” means, as of any date of determination, with respect to
        the Series 2019-T3 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
        any payments to the Noteholders of the Series 2019-T3 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 with respect to the Series 2019-T3 Notes on the next succeeding Payment Date and
        (ii) the denominator of which equals the sum of the outstanding Note Balances of all Series 2019-T3 Notes at the close of business on such date.

       

      
        6

        
          

      

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

       

      “Initial Note Balance” means, for any Class of Notes, the Note Balance
        of such Class upon issuance, as set forth below:

       

      (i)        Class A-T3: 
          $333,985,000;

       

      (ii)       Class B-T3: 
          $12,703,000;

       

      (iii)      Class C-T3: 
          $13,527,000;

       

      (iv)      Class D-T3: 
          $35,184,000; and

       

      (v)       Class E-T3: 
          $4,601,000.

       

      “Initial Payment Date” means October 15, 2019.

       

      “Interest Accrual Period” means, for the Series 2019-T3 Notes and any
        Payment Date, the period beginning on the immediately preceding Payment Date (or, in the case of the Initial Payment Date, the Issuance Date) and ending on the day immediately preceding the current Payment Date.  The Interest Payment Amount for the
        Series 2019-T3 Notes on any Payment Date shall be determined based on the Interest Day Count Convention.

       

      “Interest Day Count Convention” means 30 days divided by 360 other than
        with respect to the initial Payment Date which is 25 days divided by 360.

       

      “Interim Payment Date” means, with respect to each Series of Notes and
        each calendar month, (i) the 7th, 17th, 18th, 20th, 21st, 22nd, 23rd, 24th and 29th day of each such month, (or if any such date is not a Business Day, the next succeeding Business Day) and (ii) any other of five (5) Business Days in such month, in
        each case following one (1) Business Day’s written notice from the Issuer to the related Noteholders, the Administrative Agent and the Indenture Trustee, and (iii) any other Business Day in such month agreed to among the Issuer, the Administrator
        and the Administrative Agent, following one (1) Business Day’s written notice to the Indenture Trustee.  If an Interim Payment Date falls on the same date as a Payment Date, the Interim Payment Date shall be disregarded. For the avoidance of doubt,
        no Interim Payment Dates shall occur during the Full Amortization Period.

       

      “Issuance Date” means September 20, 2019.

       

      
        7

        
          

      

      “Limited Funding Date” means any Business Day designated as a Limited
        Funding Date by the Administrator in accordance with the Base Indenture. For the avoidance of doubt, no Limited Funding Dates shall occur during the Full Amortization Period.

       

      “Low Threshold Servicing Agreement” means a Designated Servicing
        Agreement that is not a Small Threshold Servicing Agreement and (i) for which the underlying Mortgage Loans have an unpaid principal balance greater than or equal to $1,000,000 but less than $10,000,000, as of the end of the most recently concluded
        calendar month, or (ii) that relates to at least 15 but fewer than 50 Mortgage Loans, as of the end of the most recently concluded calendar month.

       

      “Market Value” means, with respect to the Mortgaged Property securing a
        Mortgage Loan or any REO Property, the market value of such property (determined by the applicable Servicer or the Subservicer in its reasonable good faith discretion, which shall be by reference to the most recent value received by the related
        Servicer or the Subservicer with respect to such Mortgaged Property or REO Property in accordance with its servicing policies, if available) or the appraised value of the Mortgaged Property obtained in connection with the origination of the related
        Mortgage Loan, if no updated valuation has been required under the applicable Servicer’s or the  Subservicer’s, as the case may be, servicing policies; provided, that the Market Value for any Mortgaged Property or REO Property shall be equal to $0 for any Mortgage Loan that is 90 or more days delinquent and the related valuation (as
        established by the lesser of either an appraisal, broker’s price opinion, the applicable Servicer’s or the Subservicer’s automated valuation model or any other internal valuation methodology (including but not limited to HPI indexing) utilized by
        the applicable Servicer or the Subservicer, which is consistent with the Servicer’s or the Subservicer’s servicing policies with respect to such Mortgaged Property or REO Property) is more than six (6) months old.

       

      Any valuation for purposes of this definition shall be established by the lesser of either an appraisal, broker’s price opinion, the applicable
        Servicer or the Subservicer’s automated valuation model or any other internal valuation methodology (including but not limited to HPI indexing utilized by the applicable Servicer or the Subservicer), which is consistent with the applicable
        Servicer’s or Subservicer’s, as the case may be, servicing policies with respect to such Mortgaged Property or REO Property.

       

      “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 Funded Advance Receivable Balance for such Designated Servicing Agreement on such date over (ii) the aggregate Net Property Value of the Mortgaged Properties and
        REO Properties for the Mortgage Loans serviced under such Designated Servicing Agreement on such date.

       

      “Middle Threshold Servicing Agreement” means a Designated Servicing
        Agreement that is not a Small Threshold Servicing Agreement or a Low Threshold Servicing Agreement and (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, as
        of the end of the most recently concluded calendar month, or (ii) that relates to at least 50 but fewer than 125 Mortgage Loans, as of the end of the most recently concluded calendar month.

       

      

      
        8

        
          

      

      “Monthly Payment” means, with respect to any Mortgage Loan, the monthly
        scheduled principal and interest payments required to be paid by the mortgagor on any due date with respect to such Mortgage Loan.

       

      “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 Servicers and
        the Subservicer and deposited into the Trust Accounts or any trust accounts established in connection with any indenture on behalf of any Prior Issuer during such calendar month by (ii) the Funded Advance Receivable Balance of all Designated
        Servicing Agreements as of the close of business on the last day of such calendar month.

       

      “Mortgage Loan-Level Market Value Ratio” means, as of any date of
        determination with respect to a Mortgage Loan or REO Property that is secured by a first lien on the related Mortgaged Property or REO Property, the ratio (expressed as a percentage) of (x) (i) with respect to Section 4(vii)(a), the aggregate Receivable Balances of all Loan-Level Receivables and Specified Receivables outstanding with respect to such Mortgage Loan or REO Property on such date, or (ii) with
        respect to Section 4(vii)(b), the aggregate Receivable Balances of all Receivables outstanding with respect to such Mortgage Loan or REO Property on such date over (y)
        the Net Property Value of such Mortgaged Property or REO Property on such date.

       

      “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 Current Mortgage Loan, the Market Value of such Mortgaged Property as established by PMC’s independent property valuation methodology (as established by the lesser of any appraisal, broker’s price opinion or PMC’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 PMC’s independent property valuation methodology (as
        established by the lesser of any appraisal, broker’s price opinion or PMC’s automated valuation model with respect to such Mortgaged Property), multiplied by (b) PMC’s
        established market and property discount value rate, minus (c) PMC’s brokerage fee and closing costs with respect to such Mortgaged Property, plus (d) any projected mortgage insurance claim proceeds.

       

      “Non-FIFO Percentage Limit” means

       

      (i) if (A) any other Series of Notes (an “Other Series”) are
        outstanding and (B) any Receivables have a Collateral Value of zero under any Indenture Supplements for such Other Series Notes solely because of the Collateral Value Exclusion related to the outstanding balance of Non-FIFO Receivables exceeding
        the applicable percentage limitation for Non-FIFO Receivables set forth in such Indenture Supplement, 49.0%;  and

       

      
        9

        
          

      

      (ii) in all other circumstances, 17.5%.

       

      “Non-FIFO Reserve Number” means, as of any date of determination:  (i)
        if the total Receivable Balances attributable to Non-FIFO Receivables outstanding that are Facility Eligible Receivables is less than or equal to 25% of the total Receivable Balances of all Facility Eligible Receivables included in the Trust
        Estate, five (5) or (ii) if the total Receivable Balances attributable to Non-FIFO Receivables outstanding that are Facility Eligible Receivables is greater than 25% of the total Receivable Balances of all Facility Eligible Receivables included in
        the Trust Estate, six (6).

       

      “Note Interest Rate” means, for any Class of Notes, the per annum rate
        set forth below:

       

      (i)        Class A-T3,
          2.5118%;

       

      (ii)       Class B-T3,
          2.6602%;

       

      (iii)      Class C-T3,
          2.7096%;

       

      (iv)      Class D-T3,
          3.0554%; and

       

      (v)       Class E-T3,
          4.4338%.

       

      “Note Rating Agency” means, for the Series 2019-T3 Notes, Standard
        & Poor’s Rating Services, a Standard & Poor’s Financial Services LLC business, a part of McGraw Hill Financial, Inc.

       

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

       

      “OTP Provision” means, in respect of any Designated Servicing
        Agreement, any provision permitting an optional early termination of the transactions contemplated thereunder or “clean-up call” thereunder.

       

      “PSA Stressed Nonrecoverable 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

       

      
        10

        
          

      

      (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 REO Properties, the greater of (A) zero and
          (B) the excess of (1) Total Advances related to such REO Properties on such date over (2) (x) in the case of REO Properties previously secured by a first lien Mortgage Loan, the product of 50% and the sum of all of the Net Property Values for
          such REO Properties or (y) in the case of REO Properties previously secured by a second or more junior lien Mortgage Loan, zero.

       

      “Redeemable Notes” has the meaning assigned such term in Section 7 of this Indenture Supplement.

       

      “Redemption Percentage” means, for the Series 2019-T3 Notes, 10%.

       

      “Regulation RR” means Regulation RR (Credit Risk Retention) promulgated
        by the Securities and Exchange Commission to implement the credit risk retention requirements of Section 15G of the Exchange Act.

       

       “Seller’s Interest” means, at any time, a “seller’s interest” as
        defined in, and calculated in accordance with, Regulation RR.

       

      “Seller’s Interest Measurement Date” means each Payment Date
        (commencing with the Payment Date in October 2019), in any case, after giving effect to all payments and fundings described in the reports delivered in respect of the related Determination Date.  The Seller’s Interest Measurement Date shall be
        deemed to be the monthly seller’s interest measurement date for purposes of Section 5(c)(4)(i) of Regulation RR.

       

      “Series 2019-T3 Note Balance” means the aggregate Note Balance of the
        Series 2019-T3 Notes.

       

      “Series 2019-T3 Note Purchase Agreement” means that certain Note
        Purchase Agreement, dated as of September 13, 2019 by and among the Issuer, the Administrator, Credit Suisse Securities (USA) LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC.

       

      “Series Fees” means, for the Series 2019-T3 Notes and any Payment Date
        or Interim Payment Date, none.

       

      “Series Reserve Required Amount” means, with respect to any Funding
        Date, an amount equal to: (a) if there are not Non-FIFO Receivables in the Trust Estate: four (4) months’ interest calculated at the applicable Note Interest Rate on the Note Balance of each Class of Series 2019-T3 Notes (in each case, calculated
        using a 30/360 basis) as of such Funding Date and (b) if there are Non-FIFO Receivables in the Trust Estate: the Non-FIFO Reserve Number months’ interest calculated at the applicable Note Interest Rate on the Note Balance of each Class of Series
        2019-T3 Notes (in each case, calculated using a 30/360 basis) as of such Funding Date.

       

      
        11

        
          

      

      “Servicer Modification” means, solely with respect to the Series
        2019-T3 Notes, modifications to the Transaction Documents to provide for (i) Nationstar, (ii) SPS or an affiliate thereof, (iii) SLS or an affiliate thereof, and/or (iv) NRZ or any subsidiary of NRZ to become the named servicer under any Designated
        Servicing Agreement (so long as, in the case of NRZ or any subsidiary of NRZ becoming a named servicer, either Nationstar, SLS (or an affiliate thereof), SPS (or an affiliate thereof), PMC or an OFC-Owned Servicer services the related Mortgage
        Loans as a subservicer). After giving effect to any Servicer Modification, there may be multiple named servicers under the Designated Servicing Agreements.

       

      “Small Threshold Servicing Agreement” means a Designated Servicing
        Agreement (i) for which the underlying Mortgage Loans have an unpaid principal balance of less than $1,000,000, as of the end of the most recently concluded month, or (ii) that relates to fewer than 15 Mortgage Loans, as of the end of the most
        recently concluded calendar month.

       

      “Specified Call Premium Amount” means, as of any date of determination
        in respect of any Class of Redeemable Notes, the greater of (i) $0 and (ii):

       

      (a) the quotient of :

       

      (1) the product of:

       

      (x) the Note Interest Rate for such Class

       

      multiplied by

       

      (y) the outstanding Note Balance of such Class

       

      divided by

       

      (2) 360

       

      multiplied by

       

      (b) the positive excess, if any, of 360 over the number of days from and including the date such Class was issued through and including the date on
        which such Class is redeemed.

       

      “Specified Receivable” means, at any time, any Receivables in respect
        of which:

       

      (A)         (i) the provisions of the related Designated
          Servicing Agreement do not expressly require such Receivable to be paid or reimbursed in full in connection with the exercise of any OTP Provision;

       

      
        12

        
          

      

      (ii)         the applicable Servicer is not the sole holder of
          the right to initiate the optional termination or clean-up call contemplated by the related OTP Provision and the applicable Servicer has not received a written agreement in a form acceptable to the Administrative Agent from each other holder
          (including any assignee of the applicable Servicer) of the right to initiate the optional termination or clean-up call contemplated by the related OTP Provision that such holder or holders will not initiate such optional termination or clean-up
          call unless all Advances and Deferred Servicing Fees under the related Designated Servicing Agreement are reimbursed or paid, as applicable, in the connection with such optional termination or clean-up call;

       

      (iii)         consent of the applicable Servicer is not
          required for any party to initiate optional termination or clean-up call contemplated by the related OTP Provision; and

       

      (iv)         the clean-up call or optional termination
          contemplated by such OTP Provision under the related Designated Servicing Agreement may be exercised at such time, or

       

      (B)         (i) is a Deferred Servicing Fee Receivable for
          which the provisions of the related Designated Servicing Agreement do not expressly require such Deferred Servicing Fee Receivable to be paid or reimbursed in full in connection with any involuntary transfer of servicing of the applicable
          Servicer or (ii) is an Advance Receivable for which the related Designated Servicing Agreement does not contain FIFO for such Advance Receivable and the Designated Servicing Agreement does not expressly require such Advance Receivable to be paid
          or reimbursed in full in connection with any involuntary transfer of servicing of the applicable Servicer.

       

      Receivables meeting the criteria described in clause (A)(i) above but in respect of which either (a) the applicable Servicer is the sole holder of
        the right to initiate the optional termination or clean-up call contemplated by the related OTP Provision, (b) consent of the applicable Servicer is required for any other party to initiate the optional termination or clean-up call contemplated by
        the related OTP Provision or (c) each other holder of the right to initiate optional termination or clean-up call contemplated by the related OTP Provision has agreed in writing in a form acceptable to the Administrative Agent not to initiate such
        optional termination or clean-up call unless all Advances and Deferred Servicing Fees under the related Designated Servicing Agreement are reimbursed or paid, as applicable, shall not constitute “Specified Receivables” hereunder under clause (A) of
        the definition of “Specified Receivables.”

       

      Receivables meeting the criteria described in clauses (A)(i), (ii) and (iii) above are set forth on Schedule 4 to the Base Indenture and Receivables
        meeting the criteria described in clause (B) above are set forth on Schedule 3 to the Base Indenture (as such Schedule 3 and Schedule 4 may be updated from time to time in accordance with the Base Indenture).

       

      “Specified Receivables Percentage Limit” means

       

      (i) if (A) any Other Series are outstanding and (B) any Receivables have a Collateral Value of zero under any Indenture Supplements for such Other
        Series Notes solely because of the Collateral Value Exclusion related to the outstanding balance of Specified Receivables exceeding the applicable percentage limitation for Specified Receivables set forth in such Indenture Supplement, 25.0%;  and

       

      (ii) in all other circumstances, 15.0%.

       

      
        13

        
          

      

      “Stated Maturity Date” means, for each Class of Series 2019-T3 Notes,
        September 15, 2052.

       

      “Stressed Time” means, as of any date of determination for any Class of
        Series 2019-T3 Notes, the percentage equivalent of a fraction, (i) the numerator of which is one (1), and (ii) the denominator of which equals the related Stressed Time Percentage for such Class multiplied by the Monthly Reimbursement Rate on such
        date.

       

      “Stressed Time Percentage” means, for each Class, as set forth below:

       

      (i)        Class A-T3,
          20.640%;

       

      (ii)       Class B-T3,
          23.950%;

       

      (iii)      Class C-T3,
          28.900%;

       

      (iv)      Class D-T3,
          62.500%; and

       

      (v)       Class E-T3,
          73.700%.

       

      “Target Amortization Amount” means, for each Class of the Series
        2019-T3 Notes, one-twelfth (1/12) of the Note Balance of such Class at the close of business on the last day of its Revolving Period.

       

      “Target Amortization Event” means, for the Series 2019-T3 Notes, 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 the Series Required Noteholders of the Series 2019-T3 Notes, except that solely with
        respect to clauses (v) and (vi) such Target Amortization Event shall occur only upon written notice to the Indenture Trustee from either the Administrative Agent or the Series Required Noteholders of the Series 2019-T3 Notes,  that such Target
        Amortization Event has occurred and the Target Amortization Period shall commence (and, for the avoidance of doubt, no such notice shall be required for clauses (i), (ii), (iii), or (iv)):

       

      (i)       on any
          Payment Date commencing with the Initial Payment Date, the arithmetic average of the Net Proceeds Coverage Percentage determined for such Payment Date and the two 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 Outstanding Notes on such date and (B) the denominator of which equals the aggregate average Note Balances of each Class of all
          Outstanding Notes during the related Monthly Advance Collection Period;

       

      (ii)      the
          occurrence, over the course of any twelve-month period from August 1 through the following July 31 (beginning with the period from August 1, 2019 through July 31, 2020) (each a “STE Measurement Period”),  of one or more Servicer Termination Events with respect to Designated Servicing Agreements with respect to which there are outstanding Receivables included in the Trust Estate, which
          Servicing Agreements represent 15% or more (by Mortgage Loan balance as of the beginning of the STE Measurement Period) of all the Designated Servicing Agreements with respect to which there are outstanding Receivables included in the Trust
          Estate as of the beginning of the STE Measurement Period (in any case, regardless of whether any such Designated Servicing Agreement was a “Designated Servicing Agreement” as of the beginning of such STE Measurement Period), 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;

          

        

      
        14

        
          

      

      (iii)      the Monthly
          Reimbursement Rate is less than 3.00% as of any date of determination;

       

      (iv)      any failure
          by the Administrator or any Sub-Administrator acting on the Administrator’s behalf to deliver any Determination Date Report pursuant to Section 3.2 of the Base Indenture which continues unremedied for a period of thirty (30) days after a
          Responsible Officer of the Administrator or any Sub-Administrator acting on the Administrator’s behalf shall have obtained actual knowledge of such failure, or shall have received written or electronic notice from the Indenture Trustee or any
          Noteholder of such failure;

       

      (v)       the Issuer,
          any Receivables Seller, any Servicer, the Subservicer, the Depositor or the Administrator shall breach or default in the due observance or performance of any of its covenants or agreements in this Indenture Supplement, the Base Indenture, or any
          other Transaction Document (subject to any cure period provided therein and such default having a material adverse effect on any Noteholders of any Series 2019-T3 Notes and which material adverse effect is continuing), other than an obligation of
          any Receivables Seller to make an Indemnity Payment following a breach of a representation or warranty with respect to such Receivable pursuant to Sections 4(b), 5(b) or 6(b) of the Receivables Sale Agreement or any payment default described in
          Section 8.1 of the Base Indenture, and any such default shall continue for a period of thirty (30) days after the earlier to occur of (a) actual discovery by a Responsible Officer of the Issuer, such Receivables Seller, such Servicer, the
          Subservicer, the Depositor or the Administrator, as applicable, or (b) the date on which written or electronic notice of such failure, requiring the same to be remedied, shall have been given from the Indenture Trustee or any Noteholder to a
          Responsible Officer of the Issuer, such Receivables Seller, such Servicer, the Subservicer, the Depositor or the Administrator; provided, that a breach of Sections 7(a)
          or 8(a) of the Receivables Sale Agreement, or Section 7(b) of the Receivables Pooling Agreement (prohibiting such Receivables Seller, such Servicer, the Subservicer or the Depositor, as applicable, from causing or permitting Insolvency
          Proceedings with respect to the Depositor or the Issuer, as applicable) shall constitute an automatic Target Amortization Event; or

       

      (vi)      if any
          representation or warranty of the Issuer, any Receivables Seller, any Servicer, the Subservicer, the Depositor or the Administrator made in this Indenture Supplement, the Base Indenture, or any other Transaction Document (other than under
          Sections 4(b), 5(b) or 6(b) of the Receivables Sale Agreement) shall prove to have been breached in any material respect as of the time when the same shall have been made or deemed made which has a material adverse effect on the right of the
          Noteholders of the Series 2019-T3 Notes and which material adverse effect is continuing, and continues uncured and unremedied for a period of thirty (30) days after the earlier to occur of (a) actual discovery by a Responsible Officer of the
          Issuer, such Receivables Seller, such Servicer, the Subservicer, the Depositor or the Administrator, as applicable, or (b) the date on which written notice of such failure, requiring the same to be remedied, shall have been given to a Responsible
          Officer of the Issuer, such Receivables Seller, such Servicer, the Subservicer, the Depositor or the Administrator, as applicable.

       

      
        15

        
          

      

      If any event listed above is also a Target Amortization Event with respect to any series of Variable Funding Notes that has the same Administrative
        Agent, and such Administrative Agent does not waive the corresponding Target Amortization Event under such Series of Variable Funding Notes, such Administrative Agent shall notify the Indenture Trustee that a Target Amortization Event is in effect
        for the Series 2019-T3 Notes.  If the Administrative Agent waives the corresponding Target Amortization Event under a Series of Variable Funding Notes, it will take no action with respect to the related Target Amortization Event for the Series
        2019-T3 Notes and, with respect to clauses (v) and (vi) above only, such Target Amortization Event will occur only upon an affirmative vote of, and written notice to the Indenture Trustee from, the Series Required Noteholders for the Series 2019-T3
        Notes.

       

      “Total Advances” means, respect to any date of determination, the sum
        of all outstanding amounts of all outstanding Advances related to Facility Eligible Receivables with respect to such Mortgage Loans on such date.

       

      “Transaction Documents” means, in addition to the documents set forth
        in the definition thereof in the Base Indenture, this Indenture Supplement and the Series 2019-T3 Note Purchase Agreement, each as amended, supplemented, restated or otherwise modified from time to time.

       

      “Trigger Advance Rate” means, for any Class of the Series 2019-T3
        Notes, as of any date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the product of (a) one-twelfth (1/12) of the weighted average interest rates for all Classes of the Series 2019-T3 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.

       

      There are no “Other Advance Rate Reduction Events” or “Other Advance Rate Reduction Event Cure Periods” in respect of the Series 2019-T3 Notes.

       

      
        	 	
                Section 3.

              	
                Forms of Series 2019-T3 Notes; Transfer Restrictions.

              

      

       

      The form of the Rule 144A Global Note and of the Regulation S Global Note that may be used to evidence the Class A-T3 Term Notes, the Class B-T3
        Term Notes, the Class C-T3 Term Notes,  the Class D-T3 Term Notes and the Class E-T3 Term Notes are attached to the Base Indenture as Exhibits A-1 and A-2, respectively.  For the avoidance of doubt, and subject to the terms and provisions of Section 5.4 of the Base Indenture, the Class A-T3 Term Notes, the Class B-T3 Term
        Notes, the Class C-T3 Term Notes, the Class D-T3 Term Notes and the Class E-T3 Term Notes are to be issued as Book-Entry Notes.  The Class E-T3 Term Notes are Specified Notes.

       

      
        16

        
          

      

      Any Noteholder of the Series 2019-T3 Notes may only resell, pledge or transfer its beneficial interest in the Series 2019-T3 Notes to a person (i)
        that the transferor reasonably believes is, and who has certified (or, in the case of Book-Entry Notes, is deemed to have certified) that it is a Qualified Institutional Buyer that purchases for its own account or for the account of a Qualified
        Institutional Buyer and to whom notice is given that the resale, pledge or transfer is made in reliance on Rule 144A or (ii) that is not a U.S. person (as defined in Regulation S) outside the United States in an “offshore transaction” in reliance
        on the safe harbor provided by Regulation S.

       

      The Series 2019-T3 Notes will be issued in minimum denominations of $100,000 and integral multiples of $100 in excess thereof, except for the
        Specified Notes which will be issued in minimum denominations of $1,000,000 and integral multiples of $100 in excess thereof.

       

      Proposed transferees of Class A-T3 Term Notes, the Class B-T3 Term Notes, the Class C-T3 Term Notes, the Class D-T3 Term Notes and the Class E-T3
        Term Notes will be required to make (or in the case of Book Entry Notes, will be deemed to make) certain certifications for purposes of ERISA as provided in Section 6.5(k) of the Base Indenture.

       

      
        	 	
                Section 4.

              	
                Collateral Value Exclusions.

              

      

       

      For purposes of calculating “Collateral Value” in respect of the Series 2019-T3 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 Balances already outstanding with respect to such Designated Servicing Agreement, would cause
          the related Advance Ratio to be equal to or greater than 100.0%; provided, that this clause (i) shall not apply to any Receivable that is (a) attributable to a
          Designated Servicing Agreement that is a Small Threshold Servicing Agreement,  (b) a Loan-Level Receivable or (c) a Second-Lien Receivable;

       

      (ii)       is a
          Second-Lien Receivable unless the following criteria are satisfied:

       

      (1)         the related Servicing
          Agreement must have a General Collections Backstop;

       

      (2)         the related Servicing
          Agreement may not be a Small Threshold Servicing Agreement;

       

      (3)         the Advance to UPB Ratio in
          respect of the related Servicing Agreement must be less than 25%; and

       

      (4)         the Receivable Balance of such
          Second-Lien Receivable when added to the aggregate Receivable Balances of all Second-Lien Receivables that are Facility Eligible Receivables and that satisfy the criteria in clauses (1), (2) and (3) above would not cause the aggregate Receivable
          Balances of such Receivables to exceed 0.25% of the total Receivable Balances of all Facility Eligible Receivables included in the Trust Estate;

       

      
        17

        
          

      

      (iii)     is a Facility
          Eligible Receivable that is attributable to a Small Threshold Servicing Agreement to the extent that the Receivable Balance of such Receivable, when added to the aggregate Receivable Balances of all Facility Eligible Receivables outstanding with
          respect to Small Threshold Servicing Agreements, would cause the total Receivable Balances attributable to all Facility Eligible Receivables outstanding with respect to Small Threshold Servicing Agreements to exceed 5.0% of the total Receivable
          Balances of all Facility Eligible Receivables included in the Trust Estate;

       

      (iv)     is a Facility
          Eligible Receivable that is attributable to a Small Threshold Servicing Agreement or a Low Threshold Servicing Agreement, to the extent that the Receivable Balance of such Receivable, when added to the aggregate Receivable Balances of all
          Facility Eligible Receivables outstanding with respect to Small Threshold Servicing Agreements and Low Threshold Servicing Agreements, would cause the total Receivable Balances attributable to all Facility Eligible Receivables outstanding with
          respect to Small Threshold Servicing Agreements and Low Threshold Servicing Agreements to exceed 10.0% of the total Receivable Balances of all Facility Eligible Receivables included in the Trust Estate;

       

      (v)      is a Facility
          Eligible Receivable that is attributable to a Small Threshold Servicing Agreement, a Low Threshold Servicing Agreement, or a Middle Threshold Servicing Agreement, to the extent that the Receivable Balance of such Receivable, when added to the
          aggregate Receivable Balances of all Facility Eligible Receivables outstanding with respect to Small Threshold Servicing Agreements, Low Threshold Servicing Agreements and Middle Threshold Servicing Agreements would cause the total Receivable
          Balances attributable to all Facility Eligible Receivables outstanding with respect to Small Threshold Servicing Agreements, Low Threshold Servicing Agreements and Middle Threshold Servicing Agreements to exceed 20.0% of the total Receivable
          Balances of all Facility Eligible Receivables included in the Trust Estate;

       

      (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 15.0% of the aggregate of the Receivable Balances of the Aggregate Receivables;

       

      (vii)    (a) if it is a
          Loan-Level Receivable, its Receivable Balance, when added to the aggregate Receivable Balances of all Receivables with respect to the related Mortgage Loan or REO Property, would cause the related Mortgage Loan-Level Market Value Ratio to exceed
          50.0%; or (b) if it is a Receivable related to a Mortgage Loan or REO Property that is attributable to a Designated Servicing Agreement that is a Small Threshold Servicing Agreement, its Receivable Balance, when added to the aggregate Receivable
          Balances of all Receivables related to the Mortgage Loan or REO Property that is attributable to a Designated Servicing Agreement that is a Small Threshold Servicing Agreement, would cause the related Mortgage Loan-Level Market Value Ratio to
          exceed 50.0%;

       

      
        18

        
          

      

      (viii)    has a zero
          Advance Rate;

       

      (ix)      is a
          Loan-Level Receivable, to the extent that the related Receivable Balance of such Loan-Level Receivable, when added to the aggregate Receivable Balances of Loan-Level Receivables already outstanding with respect to all Mortgage Loans or REO
          Properties, causes the aggregate Receivable Balances of Loan-Level Receivables outstanding with respect to all Mortgage Loans or REO Properties to exceed 25.0% of the aggregate Receivable Balances of all Facility Eligible Receivables included in
          the Trust Estate;

       

      (x)       is a Facility
          Eligible Receivable that is (a) attributable to a Small Threshold Servicing Agreement, (b) a Loan-Level Receivable or (c) a Second-Lien Receivable, to the extent that the Receivable Balance of such Receivable, when added to the aggregate
          Receivable Balances of all Facility Eligible Receivables outstanding with respect to Small Threshold Servicing Agreements and all Loan-Level Receivables and Second-Lien Receivables that are Facility Eligible Receivables, would cause the total
          Receivable Balances attributable to all Facility Eligible Receivables outstanding with respect to Small Threshold Servicing Agreements and all Loan-Level Receivables that are Facility Eligible Receivables to exceed 27.5% of the total Receivable
          Balances of all Facility Eligible Receivables included in the Trust Estate;

       

      (xi)     is
          attributable to a Designated Servicing Agreement that does not provide that all Advances as to a Mortgage Loan are reimbursed on a “first-in, first out” or “FIFO” basis (“Non-FIFO”) upon the transfer of servicing thereunder, such that the Advances of a particular type that were disbursed first in time will be reimbursed prior to Advances of the same type with respect to that Mortgage Loan
          that were disbursed later in time; and if it is a Whole Loan Servicing Agreement, does not provide that all Advances with respect to any Mortgage Loan must be reimbursed in full at the time the servicing of such Mortgage Loan is transferred out
          of such Whole Loan Servicing Agreement to the extent that the Receivable Balance of such Receivable, when added to the aggregate Receivable Balances of all Facility Eligible Receivables outstanding, would cause the total Receivable Balances
          attributable to Non-FIFO Receivables outstanding that are Facility Eligible Receivables to exceed the Non-FIFO Percentage Limit of the total Receivable Balances of all Facility Eligible Receivables included in the Trust Estate;

       

      (xii)    is a Facility
          Eligible Receivable that is a Specified Receivable, to the extent that the Receivable Balance of such Receivable, when added to the aggregate Receivable Balances of all Facility Eligible Receivables outstanding that are Specified Receivables,
          would cause the total Receivable Balances attributable to all Facility Eligible Receivables outstanding that are Specified Receivables to exceed the Specified Receivables Percentage Limit of the total Receivable Balances of all Facility Eligible
          Receivables included in the Trust Estate;

       

      
        19

        
          

      

      (xiii)   is a Facility
          Eligible Receivable that is a Specified Receivable for which (I) (a) the applicable Servicer has received a notice that the holder of the right to initiate the optional termination or clean-up call contemplated by the related OTP Provision is
          exercising such right, (b) more than ten (10) Business Days have occurred since such Servicer’s receipt of such notice or a Funding Date has occurred since such Servicer’s receipt of such notice and (c) such notice does not expressly provide that
          all Advances and Deferred Servicing Fees under the related Designated Servicing Agreement will be reimbursed or paid in full upon the exercise of such optional termination or clean-up call or (II) the related optional termination or clean-up call
          has been exercised and such Specified Receivable has not been paid or reimbursed;

       

      (xiv)   relates to an
          Advance that has not been reimbursed in full or a Deferred Servicing Fee that has not been paid in full within ninety (90) days following the date of a permanent modification of the related Mortgage Loan that becomes effective subsequent to the
          creation of such Receivable (for purposes of this clause, a modification becomes “permanent” following any trial period or satisfaction of conditions precedent or subsequent); or

       

      (xv)    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 50.0%.

       

      For purposes of each of the foregoing, (i) if any Facility Eligible Receivable has a Collateral Value equal to zero pursuant to any Collateral Value
        exclusion test, the portion of the Receivable Balance thereof with a Collateral Value of zero shall be disregarded for all other purposes of this Section 4, in each case as determined by the Administrator in a manner that maximizes the Collateral Value and (ii) if any Facility Eligible Receivable has an Advance Rate of zero,
        such Facility Eligible Receivable shall be disregarded for all other purposes of this Section 4.

       

      
        	 	
                Section 5.

              	
                Series 2019-T3 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 Series Reserve Account, which shall be an Eligible Account, with respect to the
        Series 2019-T3 Notes for the benefit of the Series 2019-T3 Noteholders (such account, the “Series 2019-T3 Reserve Account”).

       

      For the avoidance of doubt, if the portion of Available Funds (including the amounts on deposit in the Interest Accumulation Account or the Note
        Payment Account) allocable to the Series 2019-T3 Notes or the Series Available Funds in respect of the Series 2019-T3 Notes, as applicable, on any Payment Date is not sufficient to pay the full Interest Amount and any Cumulative Interest Shortfall
        Amount attributable to the Interest Amount for the Series 2019-T3 Notes, amounts then on deposit in the Series 2019-T3 Reserve Account shall be withdrawn and applied to pay the shortfall.

       

      
        	 	
                Section 6.

              	
                Payments; Note Balance Increases; Early Maturity.

              

      

       

      (a)          Except as otherwise expressly
          set forth herein, the Paying Agent shall make payments on the Series 2019-T3 Notes on each Payment Date in accordance with Section 4.5 of the Base Indenture.

       

      
        20

        
          

      

      (b)          Any payments of Interest
          Amounts, Cumulative Interest Shortfall Amounts and Fees, Default Supplemental Fees, Cumulative Default Supplemental Fee Shortfall Amounts, ERD Supplemental Fees or Cumulative ERD Supplemental Fee Shortfall Amounts allocated to the Series 2019-T3
          Notes shall be paid first to the Class A-T3 Term Notes, thereafter to the Class B-T3 Term Notes, thereafter to the Class C-T3 Term Notes, thereafter to the Class D-T3 Term Notes and thereafter to the Class E-T3 Term Notes.  The Paying Agent shall
          make payments of principal on the Series 2019-T3 Notes on each Payment Date in accordance with Section 4.5 of the Base Indenture during any Target Amortization Period.

       

      (c)          Any payments of principal
          allocated to the Series 2019-T3 Notes during a Full Amortization Period shall be applied in the following order of priority, first, to the Class A-T3 Term Notes, pro rata, until their Note Balance has been reduced to zero, second, to the Class
          B-T3 Term Notes, pro rata, until their Note Balance has been reduced to zero, third, to the Class C-T3 Term Notes, pro rata, until their Note Balance has been reduced to zero, fourth, to the Class D-T3 Term Notes, pro rata, until their Note
          Balance has been reduced to zero and fifth, the Class E-T3 Term Notes, pro rata, until their Note Balance has been reduced to zero.

       

      (d)          For the avoidance of doubt,
          the failure to pay any Target Amortization Amount when due, as described in the definition thereof, shall constitute an Event of Default.

       

      (e)          The Series 2019-T3 Notes are
          subject to optional redemption in accordance with the terms of Section 13.1 of the Base Indenture and redemption in accordance with Section 7 hereof.

       

      
        	 	
                Section 7.

              	
                Optional Redemptions and Refinancing.

              

      

       

      The Series 2019-T3 Notes are subject to optional redemption by the Issuer (such Notes, the “Redeemable Notes”), in whole or in part (so long as, in the case of any partial redemption, each Class of Redeemable Notes is redeemed on a pro-rata basis based on their related Note Balances and each redemption is
        allocated ratably among the Noteholders of each Class of Redeemable Notes), on any Payment Date by payment of the Redemption Amount except as set forth in this Section 7. 

        Notwithstanding anything to the contrary in the Base Indenture, the Issuer shall be permitted to redeem the Series 2019-T3 Notes in whole or in part on any Business Day so long as the Issuer or the Administrator provides written notice to the
        Indenture Trustee (who shall provide notice to the Noteholders pursuant to Section 1.7 and Section 5.6 of the Base Indenture) and the Note Rating Agency of such redemption at least three (3) Business Days prior to the date of such redemption. Any
        reference in the Base Indenture to “Redemption Payment Date” shall, solely with respect to the Series 2019-T3 Notes, refer to any date on which the Issuer elects to redeem the Series 2019-T3 Notes as described herein. If the Issuer redeems the
        Redeemable Notes prior to the 360th day after the Issuance Date pursuant to this provision (as opposed to pursuant to an optional redemption otherwise permitted under Section 13.1 of the Base Indenture and this Section 7 herein), the Issuer shall pay to the Noteholders of each Class of Redeemable Notes in addition to its portion of the related Redemption Amount an amount equal to the Specified Call
        Premium Amount. In addition, the Issuer may exercise optional redemption of the Redeemable Notes, in whole or in part (so long as, in the case of any partial redemption, each Class of Redeemable Notes is redeemed on a pro-rata basis based on their
        related Note Balances and each redemption is allocated ratably among the Noteholders of each Class of Redeemable Notes), on any Payment Date on which the aggregate Note Balance of the Series 2019-T3 Notes is less than the Redemption Percentage of
        the aggregate Initial Note Balance thereof.  No Specified Call Premium Amount is payable in connection with any optional redemption of the Redeemable Notes on any Payment Date on which the aggregate Note Balance of the Series 2019-T3 Notes is less
        than the Redemption Percentage of the aggregate Initial Note Balance thereof or in connection with any optional redemption otherwise permitted pursuant to Section 13.1 of the Base Indenture.  The Redeemable Notes are subject to optional redemption
        by the Issuer pursuant to Section 13.1 of the Base Indenture, in whole or in part (so long as, in the case of any partial redemption, each Redeemable Notes is redeemed on a pro-rata basis based on their related Note Balances and each redemption is
        allocated ratably among the Noteholders of each Class of Redeemable Notes) with respect to such group of Classes, using the proceeds of the issuance and sale of one or more new Classes of Series 2019-T3 Notes issued pursuant to a supplement to this
        Indenture Supplement, on any Business Day after the date on which the related Revolving Period ends or on any Business Day within two (2) Business Days prior to the end of such Revolving Period upon two (2) Business Days’ prior notice to the
        Noteholders.  In anticipation of a redemption of the Redeemable Notes at the end of their Revolving Period, the Issuer may issue a new Series or one or more Classes of Notes within the 90 day period prior to the end of such Revolving Period and
        reserve the cash proceeds of the issuance for the sole purpose of paying the principal balance and all accrued and unpaid interest on the Redeemable Notes to be redeemed, on the last day of their Revolving Period. Any supplement to this Indenture
        Supplement executed to effect an optional redemption may be entered into without consent of the Noteholders of any of the Notes pursuant to Section 12(a)(iv) of the Base Indenture.  Any Notes issued in replacement for the Redeemable Notes will have
        the same rights and privileges as the Class of Redeemable Note that was refinanced with the related proceeds thereof; provided, such replacement Notes may have different Expected Repayment Dates and Stated Maturity Dates.

       

      
        21

        
          

      

      
        	 	
                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 one of the Servicers or the Subservicer, with respect to the Series 2019-T3 Notes:

       

      (i)        the unpaid
          principal balance of the Mortgage Loans subject to any Small Threshold Servicing Agreement, 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 100.0%;

       

      (iii)      for each
          Small 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;

       

      
        22

        
          

      

      (iv)     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;

       

      (v)      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;

       

      (vi)     a list of each
          Target Amortization Event for the Series 2019-T3 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 Advance Collection Period preceding the upcoming Interim Payment Date;

       

      (vii)    the Mortgage
          Loan-Level Market Value Ratio for each Mortgage Loan related to a Loan-Level Receivable, a Specified Receivable or a Receivable related to a Mortgage Loan or REO Property that is attributable to a Designated Servicing Agreement that is a Small
          Threshold Servicing Agreement, and if any such Mortgage Loan-Level Market Value Ratio exceeds 50%;

       

      (viii)   for each
          Second-Lien Receivable and each Loan-Level Receivable, as of the end of the most recently concluded calendar month, the aggregate of the Funded Advance Receivable Balances that are Second-Lien Receivables and the aggregate of the Funded Advance
          Receivables Balances that are Loan-Level Receivables, respectively as a percentage of the aggregate of the Funded Advance Receivable Balances with all Receivables included in the Trust Estate;

       

      (ix)      whether any
          Receivable, or any portion of the Receivables, attributable to a Designated Servicing Agreement, has a Collateral Value of zero by virtue of the definition of “Collateral Value” or Section

              4 of this Indenture Supplement;

       

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

       

      (xi)      the Monthly
          Reimbursement Rate as of the most recent date of determination;

       

      (xii)     whether any
          Target Amortization Amount that has become due and payable has been paid;

       

      
        23

        
          

      

      (xiii)    the PSA
          Stressed Nonrecoverable Advance Amount for the upcoming Payment Date or Interim Payment Date;

       

      (xiv)    the Trigger
          Advance Rate for each Class (or, if less than three calendar months have occurred since the Closing Date, the Trigger Advance Rate based upon the Monthly Reimbursement Rate as calculated based on one or two months’ data, as applicable);

       

      (xv)     a calculation
          of the percentage of the aggregate Receivable Balances of Loan-Level Receivables outstanding with respect to all Mortgage Loans or REO Properties of the aggregate Receivable Balances of all Facility Eligible Receivables included in the Trust
          Estate; and

       

      (xvi)    the Market
          Value Ratio for each Designated Servicing Agreement, and whether the Market Value Ratio for such Designated Servicing Agreement exceeds 50.0%.

       

      (b)       Series Payment Date Report.  In conjunction with each Payment Date Report, the Indenture Trustee shall also report the Stressed Time Percentage.  In addition, for so long as the Series 2019-T3
          Notes are Outstanding, (i) the Administrator shall include in the Determination Date Report delivered pursuant to Section 3.2 of the Base Indenture with respect to the Determination Date for each Payment Date, a statement as to whether the
          Seller’s Interest in respect of the Issuer as of the Seller’s Interest Measurement Date occurring on such Payment Date is equal to at least 5%; and (ii) based on such statement of the Administrator, the Indenture Trustee shall report, in each
          Payment Date Report, whether the Seller’s Interest in respect of the Issuer as of the Seller’s Interest Measurement Date is equal to at least 5%.  If the Seller’s Interest is less than 5% as of any Seller’s Interest Measurement Date, the
          Administrator shall then deliver to the Indenture Trustee, in conformity with Section 5(c)(4)(ii) of the risk retention rules promulgated under Regulation RR, a statement no later than one month after such Seller’s Interest Measurement Date as to
          whether the Seller’s Interest in respect of the Issuer as of the Seller’s Interest Measurement Date occurring on such Payment Date is equal to at least 5%.

       

      (c)          Limitation on Indenture Trustee Duties.  The Indenture Trustee shall have no independent duty to verify the occurrence of any of the events described in clauses (ii), (iii) or (iv) of the
          definition of “Target Amortization Event”.

       

      (d)         Summary Report.  On a monthly basis, the Administrator shall deliver an abbreviated form of the Payment Date Report and Interim Payment Date Report in a mutually agreed upon format to the email
          address provided by the Administrative Agent.  Such abbreviated report shall also include whether a notice to initiate the optional termination or clean-up call contemplated by the related OTP Provision has been received with respect to any
          Designated Servicing Agreement identified on Schedule 4 to the Base Indenture.

       

      
        	 	
                Section 10.

              	
                Conditions Precedent Satisfied.

              

      

       

      The Issuer hereby represents and warrants to the Noteholders of the Series 2019-T3 Notes and the Indenture Trustee that, as of the related Issuance
        Date, each of the conditions precedent set forth in the Base Indenture, to the issuance of the Series 2019-T3 Notes have been satisfied or waived in accordance with the terms hereof.

       

      
        24

        
          

      

      
        	 	
                Section 11.

              	
                Representations and Warranties.

              

      

       

      Each of the Issuer, the Administrator, the Servicers and the Indenture Trustee hereby restates 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 made by it set forth in Sections 9.1, 10.1 and 11.14, respectively, of the Base Indenture.

       

      
        	 	
                Section 12.

              	
                Amendments.

              

      

       

      (a)          Except as contemplated by
          Section 12.2 of the Base Indenture, this Indenture Supplement may be amended by the Series Required Noteholders.

       

      (b)          In addition, but subject to
          the provisions set forth in Sections 12.1 and 12.3 of the Base Indenture, without the consent of the Noteholders of any of the Series 2019-T3 Notes but with the consent of the Issuer (evidenced by its execution of such amendment), the Indenture
          Trustee, the Administrator, each Servicer (solely in the case of any amendment that adversely affects the rights or obligations of such Servicer or adds new obligations or increases existing obligations of such Servicer), and the Administrative
          Agent, and with prior notice to the Note Rating Agency, at any time and from time to time, upon delivery of an Issuer Tax Opinion (unless the delivery of such Issuer Tax Opinion is waived by the Administrator and the Administrative Agent) 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 a material Adverse Effect (unless the delivery of such Officer’s Certificate is
          waived by the Administrator and the Administrative Agent on behalf of the Noteholders), may amend any Transaction Document 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 as of September 13, 2019, as it may be amended or supplemented from time to time; (iii) to take any action determined by the Administrator to be reasonably necessary to maintain the rating currently assigned by
          the Note Rating Agency and/or to avoid such Class of Notes being placed or maintained on negative watch by such Note Rating Agency; or (iv) to amend any other provision of this Indenture Supplement. For the avoidance of doubt, the consent of
          Servicers is not required for (i) the waiver of any Event of Default or Target Amortization Event or (ii) any other modification or amendment to any Event of Default or Target Amortization Event except those related to the actions and omissions
          of the applicable Servicer. This Indenture Supplement may be otherwise amended or otherwise modified from time to time in a written agreement among (i) the requisite Series 2019-T3 Noteholders as contemplated above or by Section 12.2 of the Base
          Indenture, (ii) the Issuer, (iii) the Administrator, (iv) subject to the immediately preceding sentence, the Servicers, (v) the Administrative Agent and (vi) the Indenture Trustee.

       

      
        25

        
          

      

      (c)          Notwithstanding any provisions
          to the contrary in Section 6.10 or Article XII of the Base Indenture, no supplement, amendment or indenture supplement entered into with respect to the issuance of a new Series of Notes or pursuant to the terms and provisions of Section 12.2 of
          the Base Indenture may, without the consent of the Series Required Noteholders, supplement, amend or revise any term or provision of this Indenture Supplement.

       

      (d)         For the avoidance of doubt,
          the Issuer and the Administrator hereby covenant that the Issuer shall not issue any future Series of Notes without designating an entity to act as “Administrative Agent” under the related Indenture Supplement with respect to such Series of
          Notes.

       

      
        	 	
                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 2019-T3 Notes, any other Transaction Documents or otherwise, the
        obligations of the Issuer under the Series 2019-T3 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 Noteholders of Series 2019-T3 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 2019-T3 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 2019-T3 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 2019-T3 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 2019-T3 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.

       

      
        26

        
          

      

      
        	 	
                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,
        National Association, 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, 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, National Association, 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, National Association, 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, National Association, 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.

       

      
        	 	
                Section 17.

              	
                Joint and Several Liability.

              

      

       

      Each of NRZ and the Administrator hereby acknowledges and agrees that it is jointly and severally liable to the Administrative Agent and the
        Noteholders for all representations, warranties, covenants, indemnities and other obligations of the Administrator set forth in the Transaction Documents.

       

      
        27

        
          

      

      IN WITNESS WHEREOF, the undersigned have caused this
        Indenture Supplement to be duly executed by their respective signatories thereunto all as of the day and year first above written.

       

      	 	
              NRZ ADVANCE RECEIVABLES TRUST 2015-ON1, as Issuer

            
	 	 
	 	
              By:  Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee

            
	 	 
	 	
              By:

              

            	/s/ Beverly D. Capers
	 	
              Name:  Beverly D. Capers

            
	 	
              Title:  Assistant Vice President

            

      

      

      [Signatures continue]

       

      
        SERIES 2019-T3 INDENTURE SUPPLEMENT

         

      

      
        
          

      

      	 	
              DEUTSCHE BANK NATIONAL TRUST COMPANY, as Indenture Trustee,
                Calculation Agent, Paying Agent and Securities Intermediary and not in its individual capacity

            
	 	 
	 	
              By:

              

            	/s/Amy McNulty
	 	
              Name:  Amy McNulty

            
	 	
              Title: Assistant Vice President

            
	 	 
	 	
              By:

              

            	/s/ Ronaldo Reyes
	 	
              Name:  Ronaldo Reyes

            
	 	
              Title:  Assistant Vice President

            

      

      

      [Signatures continue]

       
        SERIES 2019-T3 INDENTURE SUPPLEMENT

         

      

      
        
          

      

      	 	
              PHH MORTGAGE CORPORATION

            
	 	 
	 	
              By:  

            	/s/ Hugo Arias
	 	
              Name:  Hugo Arias

            
	 	
              Title:  Vice President, Finance

            

      

      

      [Signatures continue]

       
        SERIES 2019-T3 INDENTURE SUPPLEMENT

         

      

      
        
          

      

      	 	
              HLSS HOLDINGS, LLC

            
	 	 
	 	
              By:

              

            	/s/ Nicola Santoro, Jr.
	 	
              Name:  Nicola Santoro, Jr.

            
	 	
              Title:    Chief Financial Officer

            

      

      

      [Signatures continue]

       
        SERIES 2019-T3 INDENTURE SUPPLEMENT

         

      

      
        
          

      

      	 	
              NEW RESIDENTIAL MORTGAGE LLC

            
	 	 
	 	
              By:

            	/s/ Nicola Santoro, Jr.
	 	
              Name:  Nicola Santoro, Jr.

            
	 	
              Title:    Chief Financial Officer and Chief Operating Officer

            

       

      [Signatures continue]

       
        SERIES 2019-T3 INDENTURE SUPPLEMENT

         

      

      
        
          

      

      	 	
              NEWREZ LLC d/b/a SHELLPOINT MORTGAGE SERVICING

            
	 	 
	 	
              By:

              

            	/s/ Spencer Mosness
	 	
              Name:  Spencer Mosness

            
	 	
              Title:  SVP & General Counsel

            

      

      

      [Signatures continue]

       
        SERIES 2019-T3 INDENTURE SUPPLEMENT

         

      

      
        
          

      

      	 	
              CREDIT SUISSE AG, NEW YORK BRANCH, as Administrative Agent

            
	 	 
	 	
              By:

            	/s/ Kwaw de Graft-Johnson
	 	
              Name:  Kwaw de Graft-Johnson

            
	 	
              Title:  Authorized Signatory

            
	 	 
	 	
              By:

            	/s/ Sean Walker
	 	
              Name:  Sean Walker

            
	 	
              Title:  Vice President

            

      

      

      [Signatures continue]

       
        SERIES 2019-T3 INDENTURE SUPPLEMENT

         

      

      
        
          

      

      	 	
              NEW RESIDENTIAL INVESTMENT CORP.

            
	 	 
	 	
              By:  

            	/s/ Cameron MacDougall
	 	
              Name:  Cameron MacDougall

            
	 	
              Title:    Secretary

            

       

      

       SERIES 2019-T3 INDENTURE SUPPLEMENT

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