FSA-2293 Standard Sale Contract of RE by US

Form Approved-OMB NO. 0560-XXXX

This form is available electronically.
U. S. DEPARTMENT OF AGRICULTURE
Farm Service Agency

FSA-2593
(Proposal 4)

Position 5

STANDARD SALES CONTRACT
SALE OF REAL PROPERTY BY THE UNITED STATES
See Page 3 for the Privacy Act and Public Burden Statements.

PART A - GENERAL
1. The offer date of this contract is (a)
2. The United States, acting through the U.S. Department of Agriculture, Farm Service Agency, (Agency), as Seller,
agrees, to sell to (a)
(Purchaser), and said Purchaser agrees to buy, subject to the conditions of sale in Part B, the property located at (b)

together with the appurtenances thereunto belonging. (Question for OGC: is this needed?)
.
3. Earnest money deposit is $ (a)
A. To be refunded to Purchaser at closing;
B. To be applied to closing costs, at closing, with any balance refunded to Purchaser;
C. To be applied to closing costs, at closing, with any balance applied to the purchase price;
Earnest money deposit will be refunded to the Purchaser if this offer is rejected or if Agency credit is not approved.

4. The price is $ (a)
A. Cash at closing $
B. Agency financing of $ (b)
,
secured by mortgage or deed of trust providing for equal (c)
installments of principal and interest
at the agency interest rate (available in any Agency office) at the time the Purchaser is notified the sale is approved; with any
balance of the loan to be paid in full not later than the (d)
anniversary of the loan.
5. CONTINGENCY. If Agency financing is indicated above, this contract is contingent upon the Agency approving the loan,
subject to the availability of funds.
6. CONVEYANCE. Title is to be taken in the following name and style:

7. SIGNATURE. This contract is signed by Purchaser or an authorized entity official.
8. SPECIAL STIPULATIONS:

9. The sale shall be closed at
within thirty (30) days after indication by the Seller of readiness to close, unless the parties otherwise agree in writing.
10A. Purchaser's Signature
10C. Agency Official Name

10B. Date
10D. Title

10E. Signature

The U.S. Department of Agriculture (USDA) prohibits discrimination in all its program and activities on the basis of race, color, national origin, age, disability, and where
applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual’s
income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for
communication of program information ( Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint
of Discrimination, write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW., Washington, DC 20250-9410, or call (800) 795-3272 (voice) or (202)
720-6382 (TDD). USDA is an equal opportunity provider and employer.

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PART B - CONDITIONS OF SALE AGREED TO BY Purchaser AND SELLER AS BEING THE CONDITIONS OF SALE

1. The following conditions are applicable to all contracts, except as modified in Part A
A. Earnest Money Deposit. The earnest money deposit shall be in the amount set forth in Agency regulations (7 CFR, Part 767).
B. Deed to the Property. Within thirty (30) days after acceptance of the contract or removal of any contingency (if applicable),
whichever occurs last, the Agency shall prepare for the Purchaser a quitclaim deed (Question to OGC) to the property for
delivery at the closing. The closing shall occur within thirty (30) days after the Agency notifies the Purchaser that the sale is
ready to be closed. If a loan has been approved, the Agency will also provide the required promissory note and security
instruments. The Purchaser shall deliver the executed promissory note and security instruments to the Agency at the closing.
If the contingency in Paragraph 5 is applicable and the Agency disapproves the Purchaser's loan, the Purchaser shall be notified
of the disapproval and the contract shall terminate.
C. Encumbrances or Defects. If the Purchaser, before receiving a deed and within thirty (30) days after the Agency's acceptance
of the bid, submits proof of any encumbrances or title defects, the Agency may take any necessary remedial action. If the
Agency does not elect to exercise the right, the Purchaser may, if the encumbrances or title defect affects the marketability of
the title, rescind Purchaser's purchase obligation and recover all amounts paid by Purchaser to the Agency on account of the
purchase price. However, neither the Purchaser nor parties claiming under Purchaser shall be entitled, under any
circumstances, to recover from the Agency any damages, interest, or costs on account of any encumbrances or defect affecting
the title of the property. Unless proof of encumbrances or defects is submitted by the Purchaser within the time specified
above, any and all encumbrances and defects shall be conclusively presumed waived, and the Purchaser and any parties
claiming under Purchaser shall be forever barred from asserting them against the Agency.
D. Abstracts or Title Evidence. The Agency is not obligated to furnish any abstracts or other title evidence but will permit
Purchaser to inspect its title papers at a place selected by, and at no expense to, the Agency.
E. Accepting the Property. The Purchaser agrees to accept the property as is, in its present condition. No warranty is given on
the condition of the property.
F. Loss or Damage to Property. If, through no fault of either party, the property is lost or damaged as a result of fire, vandalism
or an act of God between the time of acceptance of the offer and the time the title of the property is conveyed by the Agency,
the Agency will reappraise the property if the reduction in marker value is more than $1,000 as estimated by the Agency.
When reappraised, value of the property will serve as the amount the Agency will accept from the Purchaser. However, if
the actual loss, based on reduction in market value as determined by the Agency is less than $500, payment of the full
purchase price is required. In the event the Agency and the Purchaser cannot agree upon an adjusted price, either party, by
mailing notice in writing to the other, may terminate the contract of sale, and the earnest money will be returned to the
Purchaser.
G. Possession Rights. The purchaser will accept the property subject to the rights of any person or persons in possession of or
presently occupying the property or claiming a right to occupy the property.
H. Payment of Taxes. If the property while in Agency inventory is subject to taxation, the taxes will be prorated between the
Agency and the Purchaser as of the date title is conveyed. If the property is not subject to taxation while in Agency inventory,
the Purchaser will pay all taxes on the property which become due and payable on or after the date the title of the property is
conveyed by the Agency.
I. Mineral Rights. The Agency will convey to the Purchaser all mineral rights to which it has title.
J. Liquidated Damages. If the purchaser fails to comply with any of the terms or conditions hereof, the Agency, by mailing
notice in writing, may terminate the contract for sale. The earnest money deposit shall be retained by the Agency as full
liquidated damages except where failure to close is due to non-approval of credit.
K. Representation Regarding Property. Representations or statements regarding the property made by any representative of the
Agency shall not be binding on the Agency or considered as grounds for any claim for adjustment in or rescission of any
resulting contract. The Purchaser expressly waives any claim for adjustment or rescission based upon any representation or
statement not expressly included herein. The Agency makes no warranties or representations not set forth in writing herein
concerning the condition of title or the permissible uses of the property.

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L. Member of Congress. No member of or Delegate to Congress or Resident Commissioner shall be admitted to any share or
part of the contract of which these conditions form a part, or to any benefit that may arise from this contract.
M. Subject to Agency Regulations. All offers and resulting contracts shall be subject to the regulations of the Agency, now or
hereafter in effect.
N. Documentary Stamps. The Purchaser will be required to purchase and place upon the deed the necessary documentary
stamps.
O. Deed Restrictions (If Applicable). This property contains a dwelling unit or units which the Agency has deemed to be
inadequate for residential occupancy. The quitclaim deed by which this property will be conveyed to the Purchaser will
contain a convenant binding the Purchaser and the property which will restrict the residential unit on the property
from being used for residential occupancy until such time as the dwelling unit is structurally sound and habitable, has
a potable water supply, has functionally adequate, safe, and operable heating, plumbing, electrical and sewage
disposal systems, and meets the Thermal Performance Standards as outlined in Exhibit D, 7 CFR Part 1924, Subpart
A, which are the Agency requirements for a residential unit(s) to meet decent, safe, and sanitary standards. This
restriction is required by Section 510(e) of the Housing Act of 1949, as amended, 42 U.S.C. § 1480(e). (Question for
OGC: Is text in brackets needed? FLP's inventory property will no longer follow 7 CFR Part 1924 for thermal performance
standards.
P. Entire Agreement. This contract contains the final and entire agreement between the Agency and Purchaser and they shall
not be bound by any terms, conditions statements, or representations, oral or written, not herein contained.
2. APPLICABLE TO AGENCY FINANCING ONLY
A. Purchaser Financial Information. The Purchaser will submit financial information upon request of the Agency within
thirty (30) days of such request.
B. Security Instruments. Upon closing all deeds and mortgages or other security instruments incident to the sale shall be on
Agency forms and shall immediately be filed for record by the Agency at the expense of Purchaser.
C. Insurance. To protect the Agency's security in any buildings and appurtenances, the Purchaser shall carry insurance
against loss as required by the Agency. The insurance shall be in an amount and form satisfactory to the Agency. The
Agency will be listed as mortgagee on the policy. The original policy with evidence of premium payment shall be
delivered to the Agency at the time of delivery of the quitclaim deed to the Purchaser.
D. Prepayment. The purchaser may pay at any time all or part of the unpaid balance of the purchase price with no prepayment
penalty.

NOTE:

The following statements are made in accordance with the Privacy Act of 1974 (5 USC 552a): the Farm Service Agency (FSA) is authorized by the Consolidated
Farm and Rural Development Act, as amended (7 USC 1921 et seq.), or other Acts, and the regulations promulgated thereunder, to solicit the information
requested on its application forms. The information requested is necessary for FSA to determine eligibility for credit or other financial assistance, service your
loan, and conduct statistical analyses. Supplied information may be furnished to other Department of Agriculture agencies, the Internal Revenue Service, the
Department of Justice or other law enforcement agencies, the Department of Defense, the Department of Housing and Urban Development, the Department of
Labor, the United States Postal Service, or other Federal, State, or local agencies as required or permitted by law. In addition, information may be referred to
interested parties under the Freedom of Information Act, to financial consultants, advisors, lending institutions, packagers, agents, and private or commercial credit
sources, to collection or servicing contractors, to credit reporting agencies, to private attorneys under contract with FSA or the Department of Justice, to business
firms in the trade area that buy chattel or crops or sell them for commission, to Members of Congress or Congressional staff members, or to courts or adjudicative
bodies. Disclosure of the information requested is voluntary. However, failure to disclose certain items of information requested, including Social Security Number
or Federal Tax Identification Number, may result in a delay in the processing of an application or its rejection.
According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information
unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0560-XXXX. The time required to complete this
information collection is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and
maintaining the data needed, and completing and reviewing the collection of information. RETURN THIS COMPLETED FORM TO YOUR COUNTY FSA
OFFICE.

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FSA-2593 (Proposal 4)

BROKER'S CERTIFICATION (IF SOLD THROUGH A REAL ESTATE BROKER)

The undersigned
Broker certifies that neither the Broker nor anyone authorized to act for Broker has declined to sell the property
described herein to or to make it available for inspection or consideration by a prospective Purchaser because of
race, color, religion, sex, age, handicap, national origin or marital status. The undersigned further
acknowledges that no commission, as stated on the notice of real property for sale shall be due or earned until
and unless this contract is closed and title has passed to the Purchaser herein. Earned commissions will be paid
in cash at closing and passing of title only where sufficient cash to cover the commission is paid by Purchaser;
otherwise commission is paid by the Agency approximately four weeks after closing.
NOTE: The broker must sign this certification.

1. Signature

2. Broker's Social Security or Employer
Identification No. (Last 4 digits)

3. Date