2011 Utah Code
Title 7 Financial Institutions Act
Chapter 7 Savings and Loan Associations Act
Section 35 Sale of real estate securities -- Dealing with buyer -- Liability of original borrower.

7-7-35. Sale of real estate securities -- Dealing with buyer -- Liability of original borrower.
In the case of an investment made by an association in a real estate loan, in the event the ownership of the real estate security or any part thereof becomes vested in a person other than the party or parties originally executing the security instruments, and providing there is no agreement in writing to the contrary, an association may, without notice to the party or parties, deal with the successor or successors in interest with reference to the mortgage or trust deed and the debt secured by it in the same manner as with the party or parties. The association may forbear to sue or may extend time for payment of or otherwise modify the terms of the debt secured by that real estate, without discharging or in any way affecting the original liability of the party or parties.