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Exhibit 4.3
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CONVEYANCE AGREEMENT
Advanta Mortgage Corp. USA, Advanta Finance Corp., Advanta
Bank Corp. and Advanta National Bank, (each, an " Originator"), and Advanta
Conduit Receivables, Inc., as sponsor, pursuant to the Mortgage Loan Transfer
Agreement, dated as of May 1, 2000 (the "Transfer Agreement"), among themselves
and Bankers Trust Company of California, N.A., as trustee (the "Trustee"),
hereby confirm their understanding with respect to the conveyance by each
Originator of those Mortgage Loans listed on the attached Schedule of Mortgage
Loans (the "Mortgage Loans") to the Sponsor.
Conveyance of Mortgage Loans. Each Originator and the Sponsor,
concurrently with the execution and delivery of this Conveyance Agreement, does
hereby irrevocably transfer, assign, set over and otherwise convey, and does
direct the Trustee to convey to the Sponsor and/or the Advanta Mortgage Loan
Trust 2000-1, without recourse (except as otherwise explicitly provided for
herein) all of its right, title and interest in and to the Mortgage Loans being
conveyed by it, including specifically, without limitation, the Mortgages (as
such term is defined in the Pooling and Servicing Agreement, dated as of May 1,
2000 (the "Pooling and Servicing Agreement") among the Sponsor, the Master
Servicer and the Trustee), the Notes, the Mortgage Files and all other
documents, materials and properties appurtenant thereto, including all interest
accrued and principal received by such Originator on or with respect to such
Mortgage Loans on or after the related Cut-off Date, together with all of its
right, title and interest in and to the proceeds received on or after the
related Cut-off Date of any related Mortgage Insurance Policies.
If an Originator cannot deliver the original Mortgage or
mortgage assignment with evidence of recording thereon concurrently with the
execution and delivery of this Conveyance Agreement solely because of a delay
caused by the public recording office where such original Mortgage or mortgage
assignment has been delivered for recordation, such Originator shall promptly
deliver to the Trustee such original Mortgage or mortgage assignment with
evidence of recording indicated thereon upon receipt thereof from the public
recording official.
The costs relating to the delivery of the documents specified
in this Conveyance Agreement shall be borne by each Originator.
The Originators hereby make the Representations and Warranties
set forth in Section 5(b) of the Transfer Agreement with respect to the Mortgage
Loans, including any Mortgage Loans assigned to the Sponsor by a Warehouse Trust
and originated by such Originator.
The "Cut-off Date" with respect to such Mortgage Loans shall
be May 1, 2000.
All terms and conditions of the Transfer Agreement are hereby
incorporated herein, provided that in the event of any conflict the provisions
of this
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Conveyance Agreement shall control over the conflicting provisions of the
Transfer Agreement.
Terms capitalized herein and not defined herein shall have
their respective meanings as set forth in the Transfer Agreement.
[Remainder of Page Intentionally left Blank]
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IN WITNESS WHEREOF, the parties hereto have caused this
Conveyance Agreement to be duly executed by their respective officers, all as of
the 24th day of May, 2000.
ADVANTA MORTGAGE CORP. USA
ADVANTA FINANCE CORP.
ADVANTA NATIONAL BANK,
as Originators
By: /s/ Xxxxxxx Xxxx
_____________________________________
Name: Xxxxxxx Xxxx
Title: Vice President
ADVANTA CONDUIT
RECEIVABLES, INC., as Sponsor
By: /s/ Xxxxxxx Xxxx
_____________________________________
Name: Xxxxxxx Xxxx
Title: Vice President
ADVANTA BANK CORP.,
as an Originator
By: /s/ Xxxx Xxxxx
_____________________________________
Name: Xxxx Xxxxx
Title: President
BANKERS TRUST COMPANY
OF CALIFORNIA, N.A., as Trustee
By: /s/ Xxxx XxXxxxx
_____________________________________
Name: Xxxx XxXxxxx
Title: Assistant Secretary
[Conveyance Agreement]
