[§201H-110]  Loans; default.  Thecorporation may renegotiate, refinance, or foreclose any loan in default.

The corporation may waive any default orconsent to the modification of the terms of any loan or security agreement.

The corporation may commence any action toprotect or enforce any right conferred upon it by any law, mortgage, insurancepolicy, contract, or other agreement.

The corporation may bid for and purchase theproperty secured by the loan at any foreclosure or other sale, or acquire or takepossession of the property secured by the loan.

The corporation may operate, manage, lease,dispose of, or otherwise deal with the property secured by the loan. [L 2006, c180, pt of §4]