Leverage the input sentence to evaluate and define the entity type for 'Borrower'.
Options: location, organization, person

1 . 4 Lender and Borrower hereby agree and acknowledge that Borrower ’ s method of repayment may at Lender ’ s option take the form of Borrower ’ s transferring the Borrower Equity Interest to Lender or Lender ’ s designated person ( legal or natural person ) pursuant to the Lender ’ s exercise of its right to acquire the Borrower Equity Interest under the Exclusive Option Agreement .
person