With the consent of the Commissioner, a mortgagee may withdraw an application for insurance benefits if the mortgagee agrees that it will:
Accept a reconveyance of the property under a deed which warrants against the acts of the Commissioner and all claiming by, through, or under him; and
Promptly file a reconveyance for record; and
Accept without continuation the title evidence which it furnished the Commissioner; and
Reimburse the Commissioner for property expenditures as set forth in § 203.364.
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