Laserfiche WebLink
handle the origination and servicing of conventional single <br />family mortgage loans and ultimate acceptability to the <br />underwriters of the Bonds. Preference may be given to <br />Lending Institutions which have p~rticipated in other <br />taxiexempt mortgage revenue bond programs. <br /> <br /> Section 4. Miscellaneous. <br /> <br /> (A) Waiver. The City shall have the right to <br />waive any rule or regulation herein contained except for <br />those contained in Paragraphs (J) and (K) of Section 2, and <br />any failure on the part of the City to enforce any rule or <br />regulation herein shall not affect the validity of any <br />contract entered into between the City and a Lending <br />Institution pursuant to the Program. <br /> <br /> (B) Governing Law. All state law questions with <br />respect to the construction of these Rules and Regulations <br />shall be governed by the laws of the State of California. <br /> <br /> (C) Section Headings. The headings of the several <br />sections and subsecti0ns of these Rules and Regulations shall <br />be solely for convenience of reference and shall not affect <br />the meaning, construction or effect hereof. <br /> <br /> (D) Severability. If any one or more of the <br />provisions contained in these Rules and Regulations shall for <br />any reason be held to be invalid, illegal or unenforceable in <br />any respect, then such provision or provisions shall be <br />deemed severable from the remaining provisions hereof and <br /> <br /> 7 <br />40006-0002-077-0252a <br /> <br /> <br />