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 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 record an amendment to this Article to reflect such changes.

Appears in 2 contracts

Samples: Declaration of Covenants, Conditions and Restrictions, Declaration of Covenants, Conditions, and Restrictions

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Amendment by Board. Should the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation subsequently delete any of its 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 record cause an amendment to this Article to be recorded to reflect such changes.

Appears in 2 contracts

Samples: Declaration of Covenants, Conditions and Restrictions, Declaration of Covenants, Conditions, and Restrictions

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Amendment by Board. Should the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation subsequently delete any of 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 record an amendment to this Article to reflect such changes.

Appears in 1 contract

Samples: Declaration of Covenants, Conditions, and Restrictions

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