Amendment to Early Rate Lock Application Or Commitment

AMENDMENT TO EARLY RATE LOCK APPLICATION OR COMMITMENT

(Revised 7-17-2014)

[SELLER’S COUNSEL MUST PREPARE A DRAFT OF THE AMENDMENT AND HAVE IT APPROVED BY FREDDIE MAC LEGAL-MF. ONCE THIS AMENDMENT IS IN FINAL FORM, THE SELLER SHOULD EXECUTE THE AMENDMENT AND SEND IT (VIA E-MAIL/PDF) TO FREDDIE MAC FOR SIGNATURE. FREDDIE MAC WILL RETURN AN EXECUTED COPY TO THE SELLER FOR INCLUSION IN THE FINAL DELIVERY PACKAGE.]

(USE LETTERHEAD OF SELLER/SERVICER)

Via E-Mail (PDF) to ______@______[INSERT NAME AND E-MAIL ADDRESS OF APPLICABLE FREDDIE MAC MF UNDERWRITER]

[DATE]

Freddie Mac ______[INSERT APPLICABLE REGIONAL OFFICE OR HOME OFFICE]

Attention:______[INSERT NAME OF APPLICABLE REGIONAL OFFICE UW & CREDIT DIRECTOR OR HOME OFFICE UW & CREDIT DIRECTOR]

Re:Property Name:

Property Address:

Borrower:

Loan Number:

Dear ______:

[CHOOSE ONE:]

This letter (“Amendment”) amendsthe Early Rate-Lock Application submitted to Freddie Mac by ______(“Seller”) on ______and accepted by Freddie Mac on ______, 201_, subject to the terms of the Adjustment Letter of the same date, as amended, if applicable(collectively, “Application/Commitment”). The terms of this Amendment are described in the paragraphs below. Capitalized terms used in this Amendment that are not defined in this Amendment will have the meanings ascribed to them in the Application/Commitment.The [CHOOSE ONE: anticipatedORscheduled] origination date of the Mortgage is ______, _____.

OR

This letter (“Amendment”) amendsthe letter of commitment issued by Freddie Mac to ______(“Seller”) dated ______, as amended, if applicable (collectively, “Application/Commitment”). The terms of this Amendment are described in the paragraphs below. Capitalized terms used in this Amendment that are not defined in this Amendment will have the meanings ascribed to them in the Application/Commitment. The [CHOOSE ONE: anticipated ORscheduled] origination date of the Mortgage is ______, _____.

Seller has requested that Freddie Mac approve certain modifications to the Application/Commitment. The Application/Commitment is amended as set forth below.

_.Exhibit E to the Application/Commitment is amended to add or modify the loan documents set forth in the attached Exhibit(s) to this Amendment (“Document Modifications”).

To the extent the Document Modifications are a compilation of all the modifications to the Loan Documents and not limited to only those approved subsequent to the date of the Application/Commitment, Seller confirms that the Document Modifications accurately reflect the modifications included in Exhibit D or Exhibit E of the Application/Commitment or are as required in theGuide, except as otherwise highlighted in the attached Exhibit(s) or as further described as follows: [IDENTIFY THE MODIFICATIONS THAT ARE NEW MODIFICATIONS – THOSE MODIFICATIONS THAT WERE NOT PREVIOUSLY APPROVED IN THE APPLICATION/COMMITMENT AND ARE NOT REQUIRED BY THE GUIDE]

_.[LIST ADDITIONAL MODIFICATIONS TO THE APPLICATION/COMMITMENT]

Upon its acceptance of this Amendment, Freddie Mac approves the Document Modifications (if any) and all other modifications to the Application/Commitment(if any) set forth in this Amendment. Except as modified above, all other provisions of the Application/Commitment remain in full force and effect.

To acknowledge its receipt and acceptance of this Amendment, Freddie Mac will return an executed copy of this Amendment to Seller. This Amendment may be executed in one or more counterparts, each of which will constitute an original as against any party whose signature appears on it, and all of which will together constitute a single Amendment. This Amendment will become binding when one or more counterparts, individually or taken together, bear the signatures of all parties.

Seller will include an executed counterpart of this Amendment (with Seller’s original signature) in the final delivery package for the loan.

If you have any questions, please contact [INSERT NAME OF SELLER CONTACT] at [INSERT TELEPHONE NUMBER]or our counsel[INSERT NAME OF SELLER COUNSEL] at [INSERT TELEPHONE NUMBER].

Sincerely,

______

Name: ______

Title: ______

ACCEPTANCE OF AMENDMENT

TO EARLY RATE LOCK APPLICATION OR COMMITMENT:

FREDDIE MAC

By: ______

Name: ______

Title: ______

Date: ______

Freddie Mac Loan Number ______

[USE SEPARATE EXHIBIT PAGES AS APPLICABLE]

EXHIBIT 1

MODIFICATIONS TO NOTE

______

EXHIBIT 2

MODIFICATIONS TO LOAN AGREEMENT

______

EXHIBIT 3

MODIFICATIONS TO GUARANTY

______

EXHIBIT 4

MODIFICATIONS TO [INSERT APPLICABLE DOCUMENT]

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