Land Contract Guarantee Program

Land Contract Guarantee Program

FSA2681

Land Contract Guarantee Program

OMB: 0560-0279

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Instructions For FSA-2681


LAND CONTRACT AGREEMENT FOR PROMPT PAYMENT GUARANTEE


This form will serve as the formal guarantee agreement between the land seller, the buyer, the escrow agent, and the Agency when the seller chooses the prompt payment method of guarantee.


The original of the completed form will be sent to the escrow agent for attachment to the land contract. The Agency will retain a copy, with a copy being sent to the buyer.


Agency personnel will complete Items (a) through (o). The buyer will complete Items (p) and (q), the seller Items (r) and (s), the escrow agent Items (t) and (u), and the Agency will complete Items (v) and (w).

Items (a) – (o) are for FSA use only.


Items (p)-(u)

Fld Name /
Item No.

Instruction

(p)

Buyer’s Signature

The buyer will sign the agreement on this line.


.

(q)

Date

Enter date the buyer signs the agreement.

(r)

Seller’s Signature

The seller will sign the agreement on this line.

(s)

Date

Enter the date the seller signs the agreement.

(t)

Escrow Agent’s Signature

Escrow agent will sign the agreement on this line.

(u)

Date

Enter the date the escrow agent signs the agreement.


Items (v) – (w) are for FSA use only.

Page 1 of 1 (proposal 1)



File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitleInstructions for FSA-2252
SubjectFarm Loan Programs Guaranteed Write Down Worksheet
AuthorUSDA-MDIOL00000DG8C
File Modified0000-00-00
File Created2021-01-30

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