D. Take all reasonable steps to enforce the payment of amounts due from the mortgagor.

The trustee for any bond or note issued in anticipation of the bond, or, if there is no trustee, the holder of any bond or note shall have has the right to bring suit against the authority for payment in accordance with the contract or other agreement executed by the authority.

Sec. 44. 10 MRSA §1030, as amended by PL 1987, c. 846, §11, is further amended to read:

§1030. Incontestability

Any mortgage loan insurance commitment or contract executed and delivered by the authority under this subchapter shall be is conclusive evidence of the eligibility of the mortgage loan for insurance subject to satisfaction of any conditions set forth in the mortgage loan insurance contract or commitment and that the requirements of sections 1026-A to 1026-G and 1026-E have, to the extent determined applicable by the authority, been satisfied or made conditions of the mortgage loan insurance commitment or contract, and the validity of any mortgage loan insurance commitment or contract so executed and delivered shall be is incontestable in the hands of an insured except for fraud or misrepresentation on the part of the insured.

Sec. 45. 10 MRSA §1031, as amended by PL 1985, c. 344, §54, is further amended to read:

§1031. Loans eligible for investment

Mortgages Loans insured under this subchapter are made legal investments for all insurance companies, trust companies, banks, investment companies, savings banks, savings and loan associations, executors, trustees and other fiduciaries, public and private pension or retirement funds and other persons.

Sec. 46. 10 MRSA §1032, sub-§3, as amended by PL 1993, c. 410, Pt. EEEE, §2, is further amended to read: