Section 57.1510 - Security for loansEach loan with respect to which a guarantee is made or interest subsidies are paid under this subpart shall be secured in a manner which the Secretary finds reasonably sufficient to insure repayment. The security may be one or a combination of the following:
(a) A first mortgage on the facility and site thereof.(b) Negotiable stocks or bonds of a quality and value acceptable to the Secretary.(c) A pledge of unrestricted and unencumbered income from an endowment or other trust fund acceptable to the Secretary.(d) A pledge of a specified portion of annual general or special revenues of the applicant acceptable to the Secretary.(e) Such other security as the Secretary may find acceptable in specific instances.