Guam § 5304 - of this Article. The Authority shall provide by rule or

§ 5304. of this Article. The Authority shall provide by rule or

regulation for the purchase of improvements on such lots under

uniform conditions. The restraint provided for by this Section shall

not prohibit the transfer of such improvements by devise or descent

if the beneficiary qualifies under § 5304 of this Article to lease the

lot. Nothing in this Article shall prevent a mortgagee from

foreclosing the interest of any mortgagor in default on a mortgage or

deed of trust entered as security for financing the improvement of a

lot in one of the subdivisions identified in § 5302 of this Article. In

the event of foreclosure or any proceeding in lieu thereof, the

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mortgagee may convey the improvement to any buyer. Such

conveyance shall not be subject to any of the restrictions of § 5303

of this Article.

(g) The inclusion in any such lease or other agreement of any

of the covenants, restrictions or conditions provided in Subsections

(a), (b), (c) and (d) of this Section including the incorporation by

reference therein of the provisions of a subdivision plan or any part

thereof, shall not prevent the filing of such contract or conveyance

in the Department of Land Management in such a manner as to

afford actual or constructive notice thereof.

(h) Real property acquired by the Authority which, in

accordance with the provisions of the subdivision plan, is to be

leased, shall be leased as rapidly as feasible in the public interest

consistent with the carrying out of the provisions of the subdivision

plan.