Exhibit 10.2Subsequent Transfer Agreement • March 14th, 1997 • Amresco Residential Sec Corp Mort Loan Tr 1996-5 • Asset-backed securities
AMRESCO Residential Securities Corporation (the "Depositor"), AMRESCO Residential Capital Markets, Inc. (the "Seller"), and AMRESCO Residential Securities Corporation Mortgage Loan Trust 1996-5 (the "Purchaser") pursuant to the Pooling and Servicing Agreement dated as of December 1, 1996 among the Depositor, the Seller, Option One Mortgage Corporation and Advanta Mortgage Corp. U.S.A., as Servicers and The Chase Manhattan Bank as Trustee (the "Pooling and Servicing Agreement"), hereby confirm their understanding with respect to the sale by the Seller and the purchase by the Depositor and the sale by the Depositor and the purchase by the Purchaser of those Mortgage Loans (the "Subsequent Mortgage Loans") listed on the attached Schedules of Mortgage Loans.
