Investments and Loans Limited by Act

No association shall make or purchase any investments or loans except investments or loans authorized or permitted by this act. Nothing contained in this act shall require any association to sell, transfer or dispose of any investment or loan heretofore made or purchased by such association. Notwithstanding anything to the contrary in this act, any association, without limitation or restriction, may renew, extend the time of payment of, or rewrite any loan heretofore made, and may make additional advances or loans for the purpose of preserving the security of any loan or of protecting the property securing any loan and may make any such renewal, extension, advance, or loan, as aforesaid, to the borrower or any successor in interest in the property securing the loan, COL120106 CH. 130 INVESTMENTS, LOANS AND BORROWING and may make loans on Property sold by an association or extend credit thereon for the purpose of facilitating the sale of such property.