RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K/A, 2000-01-10
ASSET-BACKED SECURITIES
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                       SECURITIES AND EXCHANGE COMMISSION


                             Washington, D.C. 20549


                                   FORM 8-K/A

        The original 8-K has been amended by this 8-K/A to file a Supplement  to
the Indenture.

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 10 2000

RESIDENTIAL  FUNDING MORTGAGE SECURITIES II, INC. (as depositor under an Amended
and Restated Owner Trust  Agreement,  dated as of June 26, 1998, and pursuant to
which an Indenture was entered into,  providing for, inter alia, the issuance of
Home Loan-Backed Notes, Series 1998- HI2)

                RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.
             (Exact name of registrant as specified in its charter)

DELAWARE                            333-28025             41-1808858
(State or Other Jurisdiction        (Commission          (I.R.S. Employer
of Incorporation)                   File Number)         Identification No.)

 8400 Normandale Lake Blvd.
 Suite 600

 MINNEAPOLIS, MINNESOTA                                   55437
 (Address of Principal                                    (Zip Code)

 Executive Offices)

Registrant's telephone number, including area code, is (612) 832-7000



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ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

         (a)    Not applicable

         (b)    Not applicable

         (c)    Exhibits:

               4.5  Indenture  Supplement  Number  One  dated  December  8, 1999
between Home Loan Trust  1998-HI2,  as issuer and The Chase  Manhattan  Bank, as
indenture trustee.



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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 thereunto duly authorized.

                                            RESIDENTIAL FUNDING MORTGAGE
                                            SECURITIES II, INC.

                                            BY:     /S/ LISA LUNDSTEN
                                            Name:   Lisa Lundsten
                                            Title:  Vice President

                                            Dated:  January 10, 2000


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                                   EXHIBIT 4.5


                         INDENTURE SUPPLEMENT NUMBER ONE
                                     to the

                                    INDENTURE
                             Dated December 8, 1999

                                     between
                        HOME LOAN TRUST 1998-HI2, Issuer

                                       and
                   THE CHASE MANHATTAN BANK, Indenture Trustee

        THIS INDENTURE  SUPPLEMENT  NUMBER ONE IS MADE AND ENTERED INTO THIS 8TH
day of  December,  1999  (this  "Supplement"),  by and  between  HOME LOAN TRUST
1998-HI2,  as issuer (the "Issuer"),  and THE CHASE MANHATTAN BANK, as indenture
trustee (the  "Trustee"),  in connection with the Indenture dated June 26, 1998,
between the above mentioned parties (the  "Indenture").  This Supplement is made
pursuant to Section 9.01(a)(v) of the Indenture.

        1. Capitalized terms used and not defined herein shall have the meanings
assigned to such terms in the Indenture.

        2.  Appendix A to the  Indenture is hereby  amended  effective as of the
date hereof by replacing the definition of "Step-Down Date" with the following:

        The first Payment Date after the Payment Date  occurring in June 2001 as
        to which  the  aggregate  Note  Principal  Balance  of the Class A Notes
        (after giving effect to distributions of the Principal Remittance Amount
        and  the  amount  distributable   pursuant  to  clause  (y)(ii)  of  the
        definition of Extra Principal  Distribution Amount on such Payment Date)
        will be able to be reduced on such Payment Date (such  determination  to
        be made by the Indenture Trustee prior to making actual distributions on
        such Payment Date) to an amount equal to the excess,  if any, of (i) the
        aggregate  outstanding Principal Balance of the Home Loans as of the end
        of the related Collection Period over (ii) the greater of (a) the sum of
        (1) 52.49% of the Pool  Balance as of the end of the related  Collection
        Period  and  (2)  the  Reserve  Amount  Target  for  such  Payment  Date
        (calculated  without  giving  effect  to  clause  (z) in the  definition
        thereof) and (b) $2,001,091.

        3. Except as amended above,  the Indenture  shall continue in full force
and effect in accordance with its terms.



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        IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
representatives to execute and deliver this indenture  supplement as of the date
first above written.

                                    HOME LOAN TRUST 1998-HI2,
                                    as Issuer

                                            Wilmington Trust Company

                                            not in its individual capacity

                                            but solely as Owner Trustee

                                    BY:
                                       Name:

                                       Title:

                                    THE CHASE MANHATTAN BANK,

                                    as Indenture Trustee

                                    BY:
                                       Name:

                                       Title:



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