[Code of Federal Regulations]

[Title 7, Volume 14]

[Revised as of January 1, 2007]

From the U.S. Government Printing Office via GPO Access

[CITE: 7CFR1965.3]



[Page 286]

 

                          TITLE 7--AGRICULTURE

 

   CHAPTER XVIII--RURAL HOUSING SERVICE, RURAL BUSINESS--COOPERATIVE 

SERVICE, RURAL UTILITIES SERVICE, AND FARM SERVICE AGENCY, DEPARTMENT OF 

                         AGRICULTURE (CONTINUED)

 

PART 1965_REAL PROPERTY--Table of Contents

 

Subpart A_Servicing of Real Estate Security for Farm Loan Programs Loans 

                       and Certain Note-Only Cases

 

Sec.  1965.3  Borrower's responsibilities.



    Each borrower is responsible for repaying principal and interest on 

a timely basis pursuant to the loan documents, paying real estate taxes 

in accordance with subpart A of part 1925 of this chapter, providing 

adequate property insurance in accordance with subpart A of part 1806 of 

this chapter (FmHA or its successor agency under Public Law 103-354 

Instruction 426.1), maintaining, protecting, and accounting to the FmHA 

or its successor agency under Public Law 103-354 for all real estate 

security, and complying with other loan requirements.



[51 FR 4140, Feb. 3, 1986, as amended at 57 FR 36592, Aug. 14, 1992]