SUPPLEMENTAL INDENTURE NO. 2
SUPPLEMENTAL INDENTURE No. 2 (this "Supplemental Indenture"), dated as of June 29, 2005, among
Page Funding, LLC (the "Issuer") and Wells Fargo Bank, National Association (the "Trustee"), as Trustee,
amending that certain Indenture dated as of June 30, 2004 (the "Indenture"), among the Issuer, UBS Real Estate
Securities Inc. (the "Noteholder") and the Trustee.
WHEREAS, pursuant to Section 9.2(a) of the Indenture and on the terms and conditions set forth herein, the
Issuer and the Trustee desire to amend the Indenture as provided herein and the Noteholder desires to evidence
its consent to this Supplemental Indenture.
NOW, THEREFORE, in consideration of the premises, and for other good and valuable consideration, the
adequacy, receipt and sufficiency of which are hereby acknowledged, the Issuer and the Trustee hereby agree as
Section 1. Defined Terms. As used in this Supplemental Indenture capitalized terms have the same meanings
assigned thereto in the Indenture.
Section 2. Amendment of Granting Clause. The "Granting Clause" of the Indenture is hereby amended as follows:
(A) The words "Lockbox Account" in clause (h) of the Granting Clause are hereby deleted and replaced with the
words "Lockbox Accounts".
(B) Clause (m) of the Granting Clause (as reflected in the Indenture immediately prior to this Supplemental
Indenture) shall be clause (n) upon the effectiveness of this Supplemental Indenture; and
(C) Clause (m) of the Granting Clause (as reflected in the Indenture upon the effectiveness of this Supplemental
Indenture) shall read as follows:
"(m) each TFC/MFN Assignment; and".
Section 3. Amendment of Section 3.10(a)(vii). Section 3.10(a)(vii) of the Indenture is hereby deleted in its
entirety and replaced with the following:
"(vii) the Issuer shall have given the Noteholder written notice of such consolidation or merger at least 10
Business Days prior to the consummation of such action and shall have received the prior writte