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 / |
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
File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
File Title | Instructions for FSA-2252 |
Subject | Farm Loan Programs Guaranteed Write Down Worksheet |
Author | USDA-MDIOL00000DG8C |
File Modified | 0000-00-00 |
File Created | 2021-01-30 |