SECOND AMENDMENT TO MASTER CREDIT FACILITY AGREEMENT
THIS SECOND AMENDMENT TO MASTER CREDIT FACILITY AGREEMENT (the "SECOND
AMENDMENT") is made as of the 30th day of August, 1999, by and among (i) (a) HOME PROPERTIES OF
NEW YORK, INC., a Maryland corporation (the "REIT"), (b) HOME PROPERTIES OF NEW YORK, L.P.,
a New York limited partnership (the "OPERATING PARTNERSHIP"), (c) HOME PROPERTIES WMF I,
LLC, a New York limited liability company (the "BORROWER") and (d) HOME PROPERTIES OF NEW
YORK, L.P. AND P-K PARTNERSHIP DOING BUSINESS AS PATRICIA COURT AND KAREN
COURT, a Pennsylvania general partnership (the "SUBSIDIARY OWNER"), (ii) WMF WASHINGTON
MORTGAGE CORP., a Delaware corporation, formerly known as Washington Mortgage Financial Group, Ltd.
(iii) FANNIE MAE, a federally-chartered and stockholder-owned corporation organized and existing under the
Federal National Mortgage Association Charter Act, 12 U.S.C. section 1716 ET SEQ.
A. The parties to this Second Amendment are parties to that certain Master Credit Facility Agreement, dated as
of August 28, 1998, as amended by that certain First Amendment to Master Credit Facility Agreement dated as
of December 11, 1998 (as further amended from time to time, the "MASTER AGREEMENT").
B. All of the WMF's right, title and interest in the Master Agreement and the Loan Documents executed in
connection with the Master Agreement or the transactions contemplated by the Master Agreement have been
assigned to Fannie Mae pursuant to that certain Assignment of Master Credit Facility Agreement and Other Loan
Documents, dated as of August 28, 1998 (the "ASSIGNMENT"). Fannie Mae has not assumed any of the
obligations of WMF under the Master Agreement or the Loan Documents as a result of the Assignment. Fannie
Mae has designated WMF as the servicer of the Advances contemplated by the Master Agreement.
C. The parties are executing this Second Amendment pursuant to the Master Agreement to reflect, among other
things, an in