HUD FORBEARANCE RELIEF. Notwithstanding other provisions of this Agreement, the Option shall not be exercised by the City when a deed of trust insured by HUD is secured by the Home, and (i) the Owner is undergoing consideration by HUD for assignment forbearance relief, or (ii) the Owner is undergoing consideration for relief under HUD's Temporary Mortgage Assistance Payment (TMAP) program.
Appears in 4 contracts
Samples: 'S Occupancy and Resale Restriction Agreement, 'S Occupancy and Resale Restriction Agreement, 'S Occupancy and Resale Restriction Agreement
HUD FORBEARANCE RELIEF. Notwithstanding other provisions of this Agreement, the City Option on Default pursuant to Section 17 above shall not be exercised by the City when a deed of trust insured by HUD is secured by the Home, and and: (i) the Owner owner is undergoing consideration by HUD for assignment forbearance relief, ; or (ii) the Owner owner is undergoing consideration for relief under HUD's Temporary Mortgage Assistance Payment (TMAP) program.
Appears in 2 contracts
Samples: Trust and Security Agreement, And Security Agreement
HUD FORBEARANCE RELIEF. Notwithstanding other provisions of this Agreement, the Option shall not be exercised by the City when a deed of trust insured by HUD is secured by the Home, and and: (i) the Owner owner is undergoing consideration by HUD for assignment forbearance relief, ; or (ii) the Owner owner is undergoing consideration for relief under HUD's Temporary Mortgage Assistance Payment (TMAP) a HUD program.
Appears in 2 contracts
