761 CMR, § 10.04
Upon receipt of the Notice of Acceptance, the Seller shall execute a Loan Participation Agreement and, unless other arrangements for servicing are requested and made as may be permitted by the terms of the Loan Participation Agreement, a Loan Servicing Agreement, in the forms furnished to Seller by MHMFA with the Notice of Acceptance.
The Seller shall mail or deliver to MHMFA, by the date specified by MHMFA, copies executed by it of the Loan Participation Agreement and the Loan Servicing Agreement. Upon receipt of said Agreements duly executed by the Seller and completion of the sale of Bonds, MHMFA shall execute said Agreements and deliver to the Seller or its agent an executed original counterpart thereof. Unless MHMFA shall receive, prior to the date of execution by MHMFA of such Agreements, written instructions to the contrary, the Seller hereby appoints the Trustee as its agent for receipt of the Loan Participation Agreement and the Loan Servicing Agreement.
761 CMR, § 10.04