Loan continuation. (1) The Agency will continue the loan with a jointly liable borrower if the remaining bor- rower continues to pay the deceased borrower’s loan in accordance with the loan and security instruments. (2) The Agency may continue the loan with an individual who inherits title to the property and is not liable for the indebtedness provided the indi- vidual makes payments as scheduled and fulfills all other responsibilities of the borrower according to the loan and security instruments.
Appears in 4 contracts
Samples: Training Agreement, Training Agreement, Training Agreement
