Common use of Multi-Note System Clause in Contracts

Multi-Note System. When this option is selected by the Lender, upon disposition the Holder will receive one of the Borrower’s executed notes and Form RD 4279-5, attached to the Borrower’s note. However, all rights under the security instruments (including personal and corporate guarantees) will remain with the Lender and in all cases insure to its and the Government’s benefit notwithstanding any contrary provisions of law.

Multi-Note System. When this option is selected by the Lender, upon disposition the Holder will receive one of the Borrower’s 's executed notes and Form RD 4279-5, attached to the Borrower’s 's note. However, all rights under the security instruments (including personal and corporate guarantees) will remain with the Lender and in all cases insure to its and the Government’s 's benefit notwithstanding any contrary provisions of law.

Multi-Note System. When this option is selected by the Lender, upon disposition the Holder will receive one of the Borrower’s 's executed notes and Form RD 4279-5, attached to the Borrower’s 's note. However, all rights under the security instruments (including personal and corporate guarantees) will remain with the Lender and in all cases insure inure to its and the Government’s 's benefit notwithstanding any contrary provisions of law.