Common use of Limited Right to Waive, Engage in Loss Mitigation Activity or Modify Mortgage Loans in the Trust Clause in Contracts

Limited Right to Waive, Engage in Loss Mitigation Activity or Modify Mortgage Loans in the Trust. (a) The Direct Servicer will, to the extent provided in the Servicing Contract, be permitted to (i) waive any prepayment charge, (ii) waive any assumption fee, late payment charge, or other administrative or servicing-related fee permitted by the Mortgage Documents (except as may otherwise be provided in the related Issue Supplement and in Subsection 5.3(4)),