Conveyance Agreement between Advanta Entities and Advanta Conduit Receivables, Inc. dated May 24, 2000

Summary

This agreement documents the transfer of certain mortgage loans from Advanta Mortgage Corp. USA, Advanta Finance Corp., Advanta Bank Corp., and Advanta National Bank (the Originators) to Advanta Conduit Receivables, Inc. (the Sponsor), with Bankers Trust Company of California, N.A. acting as Trustee. The Originators irrevocably transfer all rights, title, and interest in the specified mortgage loans and related documents to the Sponsor, effective as of May 1, 2000. The agreement also incorporates terms from a prior Transfer Agreement and outlines delivery and warranty obligations for the parties involved.

EX-4.3 5 0005.txt CONVEYANCE AGREEMENT, DATED MAY 24, 2000 1 Exhibit 4.3 2 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 3 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] 4 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/ Michael Coco _____________________________________ Name: Michael Coco Title: Vice President ADVANTA CONDUIT RECEIVABLES, INC., as Sponsor By: /s/ Michael Coco _____________________________________ Name: Michael Coco Title: Vice President ADVANTA BANK CORP., as an Originator By: /s/ Mark Hales _____________________________________ Name: Mark Hales Title: President BANKERS TRUST COMPANY OF CALIFORNIA, N.A., as Trustee By: /s/ Mark McNeill _____________________________________ Name: Mark McNeill Title: Assistant Secretary [Conveyance Agreement]