Common use of Amendment by Board Clause in Contracts

Amendment by Board. Should the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation subsequently delete any of their respective requirements which necessitate the provisions of this Article or make any such requirements less stringent, the Board, without approval of the Owners, may cause an amendment to this Article to be recorded to reflect such changes.

Amendment by Board. Should the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation subsequently delete any of their its respective requirements which necessitate the provisions of this Article or make any such requirements less stringent, the Board, without approval of the Owners, may cause record an amendment to this Article to be recorded to reflect such changes.

Amendment by Board. Should the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation subsequently delete any of their its respective requirements which that necessitate the provisions of this Article or make any such requirements less stringent, the Board, without approval of the Owners, may cause record an amendment to this Article to be recorded to reflect such changes.