Please extract entities and their types from the input sentence, entity types should be chosen from {person/organization/location}.
Text: " STATED COST " is ( i ) with respect to new equipment , the original cost to Borrower of the item of new equipment net of any and all freight , installation , tax and other soft costs or ( ii ) with respect to used equipment , the net book value assigned to such item of used equipment by Bank , after consultation with Borrower , at the time of the making of the equipment Advance such item of used equipment .
user
Borrower is a person, Bank is an organization, Borrower is a person.
assistant