THIRD AMENDMENT TO
MORTGAGE WAREHOUSE LOAN AND SECURITY AGREEMENT
This Third Amendment to Mortgage Warehouse Loan and Security Agreement (this “Amendment”), made by and
between CRESCENT MORTGAGE SERVICES, INC., a Georgia corporation, as borrower (“Borrower”), and COLONIAL
BANK, an Alabama banking corporation, as lender (“Lender”), is dated as of the 31 day of July, 2002.
Pursuant to that certain Mortgage Warehouse Loan and Security Agreement dated as of December 20, 1999, as
amended by that certain First Amendment to Mortgage Warehouse Loan and Security Agreement dated as of July 31, 2000 and
that certain Second Amendment to Mortgage Warehouse Loan and Security Agreement dated as of June 25, 2001 (as heretofore
amended, the “Agreement”), Lender made available to Borrower, subject to the terms and conditions thereof, a revolving line of
credit loan in the maximum aggregate principal amount not to exceed $50,000,000.00 (the “Line of Credit”), secured by
Borrower’s assignment and pledge to Lender of certain mortgage loans and related collateral, for the purpose of assisting
Borrower in its business of originating and making such loans.
Pursuant to the provisions of the Agreement (as temporarily extended by letter agreement), the Line of Credit
matures on July 31, 2002. Borrower has requested that Lender agree to extend the scheduled maturity date of the Line of Credit
to June 30, 2003, to decrease the maximum amount available under the Line of Credit from $50,000,000.00 to $40,000,000.00, to
make corresponding decreases to the Sublimits thereunder, and to make certain other modifications to the Agreement, and
Lender is willing to do so, but only on the express condition, among others, that Borrower enter into this Amendment, pursuant
to which the Agreement shall be amended and modified.
NOW, THEREFORE, in consideration of the premises and agreements contained herein, and for good and val