Release or Substitution of Security. (a) (Substitution and release): The Servicer may in relation to a Mortgage Loan which is then an Asset of the Series Trust, release or substitute any corresponding Mortgage or First Layer of Collateral Security provided that this is in accordance with the corresponding any Mortgage Insurance Policy and the Servicing Guidelines.
Appears in 3 contracts
Sources: Series Supplement (Securitisation Advisory Services Pty LTD), Series Supplement (Securitisation Advisory Services Pty LTD), Series Supplement (Securitisation Advisory Services Pty LTD)