RHESSI images of a solar flare on 2002 November 28 showed a 3-6 keV hard X-ray source that was initially located at the flare loop top, split and propagated to the foot points of the loop during the flare rise phase, and then propagated back up to the loop top during the declining phase of the flare (Sai, Holman, & Dennis 2006). Higher energy X-ray sources were located lower in the legs of the loop during this period of source evolution, with X-rays above 25 keV seen only at the foot points. Sui, Holman, & Dennis suggested that this spatial evolution reflected the evolution of the spectral index and low-energy cutoff to the distribution of accelerated electrons in the flare. We construct a model flare loop and electron distribution injected at the top of this loop to reproduce the source evolution of the November 28 flare. We determine the constraints on the loop model and the evolution of the accelerated electron distribution. We also study the implications of the model for energy deposition into the loop plasma, and the integrated and imaged X-ray spectra. This work is supported in part by the RHESSI Project and the NASA Guest Investigator Program.