Common Contracts

Contract

June 30th, 2016

• Filed
  June 30th, 2016

had been made by the grantee. The agreement shall also provide that ACF will have a period of 60 days after noti- fication by the grantee of default in which to intervene to attempt to cure the default. The agreement shall fur- ther provide that in the event of a de- fault, or the withdrawal or termination of the grantee the mortgage may be as- sumed by an organization designated by ACF. The mortgage or creditor will have the right to approve the organiza- tion designated to assume the mort- gage, but such approval will not be withheld except for good reason. The required provisions must be included in the mortgages of facilities funded as continuing purchases pursuant to