FOURTH AMENDED AND RESTATED SECURITY
AND COLLATERAL AGENCY AGREEMENT
THIS FOURTH AMENDED AND RESTATED SECURITY AND COLLATERAL AGENCY
AGREEMENT (the "Security Agreement") is made and dated as of June 30, 2004 by and among PULTE
MORTGAGE LLC , a Delaware limited liability company (the "Company"), BANK ONE, NA, a national
banking association, having its main office in Chicago, Illinois, acting in its capacity as administrative agent for the
Lenders from time to time parties to the Credit Agreement (as defined below) (in such capacity, the "Credit
Agent"), and LASALLE BANK NATIONAL ASSOCIATION, as collateral agent for the Secured Parties (as
defined below) (in such capacity, the "Collateral Agent").
A. Pursuant to that certain Fifth Amended and Restated Revolving Credit Agreement of even date herewith, by
and among the Company, the Credit Agent and certain other Lenders named therein (the "Credit Agreement"),
the Lenders agreed to extend credit to the Company on the terms and subject to the conditions set forth therein.
Capitalized terms not otherwise defined herein are used with the same meanings as in the Credit Agreement.
B. As a condition precedent to the effectiveness of the Credit Agreement, the Credit Agent has required the
execution and delivery of this Security Agreement in order to, among other things, create a first priority perfected
security interest in the Collateral in favor of the Lenders, the Credit Agent and the Collateral Agent (collectively,
the "Secured Parties") to secure payment of the Secured Obligations.
C. This Security Agreement amends and restates in its entirety that certain Third Amended and Restated Security
and Collateral Agency Agreement dated as of March 31, 2003 by and among the Company, the Credit Agent
and the Collateral Agent.
NOW, THEREFORE, in consideration of the above Recitals and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: