Form 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

Current Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 26, 2004

 


 

NVR, Inc.

(Exact name of registrant as specified in its charter)

 


 

Virginia   1-12378   54-1394360

(State or other jurisdiction of

incorporation or organization)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

7601 Lewinsville Road, Suite 300, McLean, Virginia   22102
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 703-761-2000

 

 

(Former name or former address, if changed since last report)

 


 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.133-4(c))

 



Items 1.01; 2.03. Entry Into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement.

 

On August 26, 2004, NVR Mortgage Finance, Inc., a wholly owned subsidiary of NVR, Inc., extended it existing $175 million warehouse credit facility for one year to August 25, 2005 by executing The Eleventh Amendment to Loan Agreement dated as of August 26, 2004 with U.S. Bank National Association, Guaranty Bank, Comerica Bank, National City Bank of Kentucky and JPMorgan Chase Bank (“Credit Facility”). The amendment does not amend any other material terms of the Loan Agreement dated as of September 7, 1999 between NVR Mortgage Finance, Inc. and the lenders.

 

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

 

Number

 

Description


10.1   Eleventh Amendment to Loan Agreement dated as of August 26, 2004 between NVR Mortgage Finance, Inc. and U.S. Bank National Association, Guaranty Bank, Comerica Bank, National City Bank of Kentucky and JPMorgan Chase Bank.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    NVR, Inc.
Date: August 27, 2004   By:  

/s/ Paul C. Saville


    Name:   Paul C. Saville
    Title:  

Executive Vice President and

Chief Financial Officer

 

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INDEX TO EXHIBITS

 

Exhibit Number

 

Exhibit Description


10.1   Eleventh Amendment to Loan Agreement dated as of August 26, 2004 between NVR Mortgage Finance, Inc. and U.S. Bank National Association, Guaranty Bank, Comerica Bank, National City Bank of Kentucky and JPMorgan Chase Bank.

 

4

Eleventh Amendment to Loan Agreement

EXHIBIT 10.1

 

ELEVENTH AMENDMENT TO

LOAN AGREEMENT

 

THIS ELEVENTH AMENDMENT TO LOAN AGREEMENT (the “Amendment”) dated as of August 26, 2004 between NVR MORTGAGE FINANCE, INC., a Virginia corporation (“Borrower”), the Lenders party to the Loan Agreement referred to below (“Lenders”), U.S. BANK NATIONAL ASSOCIATION, as agent (“Agent”) for the Lenders.

 

WITNESSETH THAT:

 

WHEREAS, the Borrower, the Lenders and the Agent are parties to a Loan Agreement dated as of September 7, 1999, as amended by a Consent, Waiver and First Amendment to Loan Agreement dated as of November 19, 1999, a Second Amendment to Loan Agreement and Second Amendment to Pledge and Security Agreement dated as of September 1, 2000, a Third Amendment to Loan Agreement dated as of February 16, 2001, a Fourth Amendment to Loan Agreement dated as of August 31, 2001, a Fifth Amendment to Loan Agreement dated as of November 1, 2001, a Consent, Waiver and Sixth Amendment to Loan Agreement dated as of December 14, 2001, a Seventh Amendment to Loan Agreement dated as of May 17, 2002, an Eighth Amendment to Loan Agreement dated as of August 15, 2002 a Ninth Amendment to Loan Agreement dated as of April 16, 2003 and a Tenth Amendment to Loan Agreement dated as of August 28, 2003 (as so amended, the “Loan Agreement”), pursuant to which the Lenders provide the Borrower with a revolving mortgage warehousing credit facility;

 

WHEREAS, the Borrower and the Lenders have agreed to amend the Loan Agreement upon the terms and conditions herein set forth.

 

NOW, THEREFORE, for value received, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders and the Agent agree as follows:

 

1. Certain Defined Terms. Each capitalized term used herein without being defined herein that is defined in the Loan Agreement shall have the meaning given to it therein.

 

2. Amendments to Loan Agreement. The Loan Agreement is hereby amended as follows:

 

(a) The definition of “Scheduled Termination Date” in Section 1.1 of the Loan Agreement is hereby amended in its entirety to read as follows:

 

Scheduled Termination Date” means August 25, 2005.

 

(b) Schedule 1.1(a) to the Credit Agreement is hereby amended and restated to read as set forth in Exhibit A to this Amendment.

 

(c) Schedule 1.1(b) to the Credit Agreement is hereby amended and restated to read as set forth in Exhibit B to this Amendment.


3. Conditions to Effectiveness of this Amendment. This Amendment shall be effective as of the date first above written (the “Effective Date”), provided the Agent shall have received at least nine (9) counterparts of this Amendment, duly executed by the Borrower and all of the Lenders, and the following conditions are satisfied:

 

(a) Before and after giving effect to this Amendment, the representations and warranties of the Borrower in Section 5 of the Loan Agreement and Section 5 of the Security Agreement shall be true and correct as though made on the date hereof, except to the extent such representations and warranties by their terms are made as of a specific date and except for changes that are permitted by the terms of the Loan Agreement.

 

(b) Before and after giving effect to this Amendment, no Event of Default and no Default shall have occurred and be continuing.

 

(c) No material adverse change in the business, assets, financial condition or prospects of the Borrower shall have occurred since March 31, 2004.

 

(d) The Agent shall have received the following, each duly executed or certified, as the case may be, and dated as of the date of delivery thereof:

 

(i) a copy of resolutions of the Board of Directors of the Borrower, certified by its respective Secretary or Assistant Secretary, authorizing or ratifying the execution, delivery and performance of this Amendment;

 

(ii) a certified copy of any amendment or restatement of the Articles of Incorporation or the Bylaws of the Borrower made or entered following the date of the most recent certified copies thereof furnished to the Lenders; and

 

(iii) such other documents, instruments and approvals as the Agent may reasonably request.

 

(e) The Agent shall have received a new Committed Warehouse Promissory Note for each of Comerica Bank, JP Morgan Chase Bank and National City Bank of Kentucky in the amount of their Commitment Amount after giving effect to this Amendment.

 

4. Acknowledgments. The Borrower and each Lender acknowledges that, as amended hereby, the Loan Agreement remains in full force and effect with respect to the Borrower and the Lenders, and that each reference to the Loan Agreement in the Loan Documents shall refer to the Loan Agreement, as amended hereby. The Borrower confirms and acknowledges that it will continue to comply with the covenants set out in the Loan Agreement and the other Loan Documents, as amended hereby, and that its representations and warranties set out in the Loan Agreement and the other Loan Documents, as amended hereby, are true and correct as of the date of this Amendment, except to the extent such representations and warranties by their terms are made as of a specific date and except for changes that are permitted

 

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by the terms of the Loan Agreement. The Borrower represents and warrants that (i) the execution, delivery and performance of this Amendment is within its corporate powers and have been duly authorized by all necessary corporate action; (ii) this Amendment has been duly executed and delivered by the Borrower and constitutes the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with its terms (subject to limitations as to enforceability which might result from bankruptcy, insolvency, or other similar laws affecting creditors’ rights generally and general principles of equity) and (iii) no Events of Default or Default exist.

 

5. General.

 

(a) The Borrower agrees to reimburse the Agent upon demand for all reasonable expenses (including reasonable attorneys fees and legal expenses) incurred by the Agent in the preparation, negotiation and execution of this Amendment and any other document required to be furnished herewith, and to pay and save the Lenders harmless from all liability for any stamp or other taxes which may be payable with respect to the execution or delivery of this Amendment, which obligations of the Borrower shall survive any termination of the Loan Agreement.

 

(b) This Amendment may be executed in several counterparts, each of which, when so executed, shall be deemed an original but all such counterparts shall constitute but one and the same instrument.

 

(c) Any provision of this Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity or enforceability of such provisions in any other jurisdiction.

 

(d) This Amendment shall be governed by, and construed in accordance with, the internal law, and not the law of conflicts, of the State of Minnesota, but giving effect to federal laws applicable to national banks.

 

(e) This Amendment shall be binding upon the Borrower, the Lenders, the Agent and their respective successors and assigns, and shall inure to the benefit of the Borrower, the Lenders, the Agent and the successors and assigns of the Lenders and the Agent.

 

[Remainder of page intentionally left blank.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day and year first above written.

 

NVR MORTGAGE FINANCE, INC.
By:  

/s/ William J. Inman


Its:   President

 

 

U.S. BANK NATIONAL ASSOCIATION, as

Agent and Lender
By:  

/s/ Kathleen Connor


Its:   Vice President

 

[Signature Page to Eleventh Amendment to Loan Agreement]

 

S-1


GUARANTY BANK
By:  

/s/ Jenny Ray Stilwell


Its:   Vice President

 

[Signature Page to Eleventh Amendment to Loan Agreement]

 

S-2


NATIONAL CITY BANK OF

    KENTUCKY

By:

 

/s/ Steve D. Clear


Its:

 

Account Officer

 

[Signature Page to Eleventh Amendment to Loan Agreement]

 

S-3


COMERICA BANK

By:

 

/s/ Gary Sieveking


Its:

 

Senior Vice President

 

[Signature Page to Eleventh Amendment to Loan Agreement]

 

S-4


JPMORGAN CHASE BANK

By:

 

/s/ Cynthia E. Crites


Its:

 

Senior Vice President

 

[Signature Page to Eleventh Amendment to Loan Agreement]

 

S-5


EXHIBIT A TO

ELEVENTH AMENDMENT

TO CREDIT AGREEMENT

 

Schedule 1.1(a) to Loan Agreement

 

Commitment Schedule

 

Lender


  

Commitment

Amount


U.S. Bank National Association

Mortgage Banking Services

U.S. Bank Place

800 Nicollet Mall

Mail Station BC-MN-H03B

Minneapolis, Minnesota 55402

Attention: Kathleen Connor

Telephone: 612-973-0306

Telecopy: 612-973-0826

   $ 50,667,500

Guaranty Bank

8333 Douglas, 11th Floor

Dallas, Texas 75225

Attention: Jenny Stilwell

Telephone: 214-360-2837

Telecopy: 214-360-1660

   $ 35,000,000

Comerica Bank

Comerica Tower at Detroit Center

500 Woodward Avenue

Detroit, MI 48226

Attention: Steve D. Clear

Telephone: 313-222-3042

Telecopy: 313-222-9295

   $ 25,000,000

National City Bank of Kentucky

101 South 5th Street

Louisville, KY 40202

Attention: Mary Jo Reiss

Telephone: 502-581-4197

Telecopy: 502-581-4154

   $ 24,332,500

JPMorgan Chase Bank

707 Travis – 6 CBBN 91

Houston, TX 77002-8091

Attention: Ms. Cynthia E. Crites

Telephone: 713-216-4425

Telecopy: 713-216-1567

   $ 40,000,000
    

TOTAL

   $ 175,000,000
    


EXHIBIT B TO

ELEVENTH AMENDMENT

TO CREDIT AGREEMENT

 

Schedule 1.1(b) to Loan Agreement

 

Investors

 

FNMA AVM, LP

 

Chase Manhattan Mortgage Corporation

FHLMC

 

Charter One Bank, F.S.B.

GNMA

 

Vining Sparks

First Boston

 

Great American Federal Savings and Loan

Merrill Lynch

 

Association

Morgan Stanley Dean Witter

 

Long Island Savings Bank

Greenwich Captial

 

Rossyln National Mortgage Corporation

Donaldson, Lufkin and Jenrette

 

Principal Residential Mortgage

Paine Webber

 

CBS Mortgage Corporation

Mabon Securities Corp.

 

Carrollton Bank (Carrollton Mortgage

Nomura Securities International, Inc.

 

Services, Inc.)

Citigroup Global Markets, Inc.

 

Chase Manhattan Bank, USA, NA

Household Mortgage Services.

 

Tucker Federal Bank

Wachovia Securities

 

Indy Mac

NationsBank

 

Peoples Heritage Bank

J.P. Morgan Securities Corp.

 

Chevy Chase Bank

Plaza Home Mortgage

 

Citimortgage

First Star Bank, N.A.

 

NationsBank Mortgage

Sovereign Bank

 

Wilshire Financial Services Group

Countrywide Funding Corp.

 

Regions Mortgage, Inc.

Countrywide Home Loans, Inc.

 

Surety Mortgage, Inc.

Countrywide Mortgage Conduit

 

York Federal Savings

G.E. Capital Mortgage

 

Bear Stearns

Citicorp Mortgage

 

Astoria Savings

PNC Mortgage Company

 

Guaranty Federal Bank

Saxon Mortgage Company

 

First Union National Bank

The Massachusetts Company

 

Commercial Federal Mortgage Corporation

Wells Fargo Mortgage, Inc.

 

Greenpoint Savings

Residential Funding Corp.

 

Comnet Mortgage Services

Mellon Bank.

 

Colombo Savings

Fleet Mortgage Group

 

Greater Atlantic Savings Bank, F.S.B.

Marine Midland Mortgage Servicing Corp.

 

Florida Housing Finance Corporation

Inland Mortgage

 

Housing Finance Authority of Hillsborough County

Headlands Mortgage Company

 

Franklin Credit Management Corp.

Maryland Community Development

 

RBMG, Inc.

Administration a/d/a/ CDA

 

Southern California Housing Finance Agency

North Carolina Housing Finance Agency

 

State of New York Mortgage Agency


Ohio Housing Finance Agency

 

Tennessee Housing Development Agency

Orange County Housing Finance Authority

 

Advest

Pennsylvania Housing Finance Agency

 

Bank One

Lehman Brothers Bank

 

National City Mortgage

Dollar Bank

 

Charter One Mortgage

Virginia Housing Development Agency

 

E-Trade Financial

Washington Mutual

   


COMMITTED WAREHOUSE PROMISSORY NOTE

 

$25,000,000.00   Minneapolis, Minnesota
    August 26, 2004

 

FOR VALUE RECEIVED, the undersigned, NVR Mortgage Finance, Inc., a Virginia corporation (the “Maker”), hereby unconditionally promises to pay to the order of Comerica Bank (the “Payee”), for the account of the Payee at the offices of U.S. Bank National Association (“Agent”) at U.S. Bank Place, 601 Second Avenue South, Minneapolis, Minnesota 55402-4302, or such other address as may be given to the Maker by Agent, the principal sum of TWENTY-FIVE MILLION AND NO/100 DOLLARS ($25,000,000.00), or so much thereof as may be advanced and outstanding hereunder, in lawful money of the United States of America, together with interest on the unpaid principal balance from day-to-day remaining at the rate provided in the Loan Agreement. Payments of and interest on this Note shall be due and payable on the dates and in the manner provided in the Loan Agreement.

 

This Note has been executed and delivered pursuant to, and is subject to certain terms and conditions set forth in, that certain Loan Agreement among the Maker, Lenders named therein, and Agent as agent for Lenders dated as of September 7, 1999 (as amended to date and as the same may be amended from time to time, the “Loan Agreement”), and is one of the “Committed Warehouse Promissory Notes” and one of the “Notes” referred to therein. All capitalized terms used herein and not otherwise defined herein shall have the meanings given thereto in the Loan Agreement. The holder of this Note shall be entitled to the benefits provided for in the Loan Agreement. Reference is made to Section 11.9 of the Loan Agreement for certain provisions limiting the rate of interest which may be charged on this Note. This Note amends and restates, but does not constitute payment upon or a novation of, that certain Committed Warehouse Promissory Note made by the Maker to the Payee dated most recently prior to the date hereof. Reference is also made to the Loan Agreement for a statement of (i) the obligation of the Payee to advance funds hereunder, (ii) the events upon which the maturity of this Note may be accelerated or shall automatically be accelerated, as the case may be, (iii) the requirement that certain payments of principal be made hereunder upon the occurrence of certain events and (iv) the Maker’s right to cure certain Defaults, if any, as more fully set forth therein.

 

Except as otherwise provided in the Loan Agreement, the Maker and each surety, endorser, guarantor and other party ever liable for payment of any sums of money payable on this Note, jointly and severally waive demand for payment, presentment, protest, notice of protest and non-payment, or other notice of default, notice of acceleration and notice of intention to accelerate, and agree that their liability under this Note shall not be affected by any renewal or extension in the time of payment hereof, or any indulgences, or by any release or change in any security for the payment of this Note, and hereby consent to any and all renewals, extensions, indulgences, releases or changes, regardless of the number of such renewals, extensions, indulgences, releases or changes.

 

This Note shall be governed by, and construed in accordance with, the laws of the State of Minnesota.

 

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If this Note is placed in the hands of an attorney for collection, or if it is collected through any legal proceedings at law or in equity or in bankruptcy, receivership or other court proceedings, the Maker promises to pay all costs and expenses of collection including, but not limited to, court costs and the reasonable attorneys’ fees of the holder hereof.

 

NVR MORTGAGE FINANCE, INC., as Maker
By:  

/s/ William J. Inman


Name:   William J. Inman
Title:   President

 

2


COMMITTED WAREHOUSE PROMISSORY NOTE

 

$40,000,000.00   Minneapolis, Minnesota
    August 26, 2004

 

FOR VALUE RECEIVED, the undersigned, NVR Mortgage Finance, Inc., a Virginia corporation (the “Maker”), hereby unconditionally promises to pay to the order of JPMorgan Chase Bank (the “Payee”), for the account of the Payee at the offices of U.S. Bank National Association (“Agent”) at U.S. Bank Place, 601 Second Avenue South, Minneapolis, Minnesota 55402-4302, or such other address as may be given to the Maker by Agent, the principal sum of FORTY MILLION AND NO/100 DOLLARS ($40,000,000.00), or so much thereof as may be advanced and outstanding hereunder, in lawful money of the United States of America, together with interest on the unpaid principal balance from day-to-day remaining at the rate provided in the Loan Agreement. Payments of and interest on this Note shall be due and payable on the dates and in the manner provided in the Loan Agreement.

 

This Note has been executed and delivered pursuant to, and is subject to certain terms and conditions set forth in, that certain Loan Agreement among the Maker, Lenders named therein, and Agent as agent for Lenders dated as of September 7, 1999 (as amended to date and as the same may be amended from time to time, the “Loan Agreement”), and is one of the “Committed Warehouse Promissory Notes” and one of the “Notes” referred to therein. All capitalized terms used herein and not otherwise defined herein shall have the meanings given thereto in the Loan Agreement. The holder of this Note shall be entitled to the benefits provided for in the Loan Agreement. Reference is made to Section 11.9 of the Loan Agreement for certain provisions limiting the rate of interest which may be charged on this Note. This Note amends and restates, but does not constitute payment upon or a novation of, that certain Committed Warehouse Promissory Note made by the Maker to the Payee dated most recently prior to the date hereof. Reference is also made to the Loan Agreement for a statement of (i) the obligation of the Payee to advance funds hereunder, (ii) the events upon which the maturity of this Note may be accelerated or shall automatically be accelerated, as the case may be, (iii) the requirement that certain payments of principal be made hereunder upon the occurrence of certain events and (iv) the Maker’s right to cure certain Defaults, if any, as more fully set forth therein.

 

Except as otherwise provided in the Loan Agreement, the Maker and each surety, endorser, guarantor and other party ever liable for payment of any sums of money payable on this Note, jointly and severally waive demand for payment, presentment, protest, notice of protest and non-payment, or other notice of default, notice of acceleration and notice of intention to accelerate, and agree that their liability under this Note shall not be affected by any renewal or extension in the time of payment hereof, or any indulgences, or by any release or change in any security for the payment of this Note, and hereby consent to any and all renewals, extensions, indulgences, releases or changes, regardless of the number of such renewals, extensions, indulgences, releases or changes.

 

This Note shall be governed by, and construed in accordance with, the laws of the State of Minnesota.


If this Note is placed in the hands of an attorney for collection, or if it is collected through any legal proceedings at law or in equity or in bankruptcy, receivership or other court proceedings, the Maker promises to pay all costs and expenses of collection including, but not limited to, court costs and the reasonable attorneys’ fees of the holder hereof.

 

NVR MORTGAGE FINANCE, INC., as Maker
By:  

/s/ William J. Inman


Name:   William J. Inman
Title:   President

 

2


COMMITTED WAREHOUSE PROMISSORY NOTE

 

$24,332,500.00   Minneapolis, Minnesota
    August 26, 2004

 

FOR VALUE RECEIVED, the undersigned, NVR Mortgage Finance, Inc., a Virginia corporation (the “Maker”), hereby unconditionally promises to pay to the order of National City Bank of Kentucky (the “Payee”), for the account of the Payee at the offices of U.S. Bank National Association (“Agent”) at 800 Nicollet Mall, Minneapolis, Minnesota 55402, or such other address as may be given to the Maker by Agent, the principal sum of TWENTY-FOUR MILLION THREE HUNDRED THIRTY-TWO THOUSAND FIVE HUNDRED AND NO/100 DOLLARS ($24,332,500.00), or so much thereof as may be advanced and outstanding hereunder, in lawful money of the United States of America, together with interest on the unpaid principal balance from day-to-day remaining at the rate provided in the Loan Agreement. Payments of and interest on this Note shall be due and payable on the dates and in the manner provided in the Loan Agreement.

 

This Note has been executed and delivered pursuant to, and is subject to certain terms and conditions set forth in, that certain Loan Agreement among the Maker, Lenders named therein, and Agent as agent for Lenders dated as of September 7, 1999 (as amended to date and as the same may be amended from time to time, the “Loan Agreement”), and is one of the “Committed Warehouse Promissory Notes” and one of the “Notes” referred to therein. All capitalized terms used herein and not otherwise defined herein shall have the meanings given thereto in the Loan Agreement. The holder of this Note shall be entitled to the benefits provided for in the Loan Agreement. Reference is made to Section 11.9 of the Loan Agreement for certain provisions limiting the rate of interest which may be charged on this Note. This Note amends and restates, but does not constitute payment upon or a novation of, that certain Committed Warehouse Promissory Note made by the Maker to the Payee dated most recently prior to the date hereof. Reference is also made to the Loan Agreement for a statement of (i) the obligation of the Payee to advance funds hereunder, (ii) the events upon which the maturity of this Note may be accelerated or shall automatically be accelerated, as the case may be, (iii) the requirement that certain payments of principal be made hereunder upon the occurrence of certain events and (iv) the Maker’s right to cure certain Defaults, if any, as more fully set forth therein.

 

Except as otherwise provided in the Loan Agreement, the Maker and each surety, endorser, guarantor and other party ever liable for payment of any sums of money payable on this Note, jointly and severally waive demand for payment, presentment, protest, notice of protest and non-payment, or other notice of default, notice of acceleration and notice of intention to accelerate, and agree that their liability under this Note shall not be affected by any renewal or extension in the time of payment hereof, or any indulgences, or by any release or change in any security for the payment of this Note, and hereby consent to any and all renewals, extensions, indulgences, releases or changes, regardless of the number of such renewals, extensions, indulgences, releases or changes.

 

This Note shall be governed by, and construed in accordance with, the laws of the State of Minnesota.


If this Note is placed in the hands of an attorney for collection, or if it is collected through any legal proceedings at law or in equity or in bankruptcy, receivership or other court proceedings, the Maker promises to pay all costs and expenses of collection including, but not limited to, court costs and the reasonable attorneys’ fees of the holder hereof.

 

NVR MORTGAGE FINANCE, INC., as Maker
By:  

/s/ William J. Inman


Name:   William J. Inman
Title:   President

 

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