Common use of Amendment of Terms and Conditions of a Mortgage Loan; Release of Property from the Lien of a Mortgage Clause in Contracts

Amendment of Terms and Conditions of a Mortgage Loan; Release of Property from the Lien of a Mortgage. The Servicer, with the prior written consent of the Authority and the insurers and GNMA, Xxxxxxx Mac and Xxxxxx Mae, as applicable, may amend the terms or conditions of any Mortgage Loan, release or direct the release of property from the lien of a Mortgage or consent to the grant of, or grant, easements or rights of way upon property securing a Mortgage Loan, with appropriate recordation among the records of the local governmental officials; provided that the Servicer shall not make any amendment of the terms and conditions of any Mortgage Loan that would result in such Mortgage Loan becoming a Non-Qualifying Mortgage Loan. ARTICLE VI

Amendment of Terms and Conditions of a Mortgage Loan; Release of Property from the Lien of a Mortgage. The Servicer, with the prior written consent of the Authority and the insurers and GNMA, Xxxxxxx Mac and Xxxxxx Mae, as applicable, may amend the terms or conditions of any Mortgage Loan, release or direct the release of property from the lien of a Mortgage or consent to the grant of, or grant, easements or rights of way upon property securing a Mortgage Loan, with appropriate recordation among the records of the local governmental officials; provided that the Servicer shall not make any amendment of the terms and conditions of any Mortgage Loan that would result in such Mortgage Loan becoming a Non-Qualifying Mortgage Loan. ARTICLE VI.

Amendment of Terms and Conditions of a Mortgage Loan; Release of Property from the Lien of a Mortgage. The Servicer, with the prior written consent of the Authority Commission and the insurers and GNMAXxxxxx Xxx, Xxxxxxx Mac Xxxxxx Xxx and Xxxxxx MaeFreddie Mac, as applicable, may amend the terms or conditions of any Mortgage Loan, release or direct the release of property from the lien of a Mortgage or consent to the grant of, or grant, easements or rights of way upon property securing a Mortgage Loan, with appropriate recordation among the records of the local governmental officials; provided that the Servicer shall not make any amendment of the terms and conditions of any Mortgage Loan that would result in such Mortgage Loan becoming a Non-Qualifying Mortgage Loan. ARTICLE VI.

Amendment of Terms and Conditions of a Mortgage Loan; Release of Property from the Lien of a Mortgage. The Servicer, with the prior written consent of the Authority and the insurers and GNMA, Xxxxxxx Freddie Mac and Xxxxxx MaeXxx, as applicable, may amend the terms or conditions of any Mortgage Loan, release or direct the release of property from the lien of a Mortgage or consent to the grant of, or grant, easements or rights of way upon property securing a Mortgage Loan, with appropriate recordation among the records of the local governmental officials; provided that the Servicer shall not make any amendment of the terms and conditions of any Mortgage Loan that would result in such Mortgage Loan becoming a Non-Qualifying Mortgage Loan. ARTICLE VI.