Farm Loan Programs - Direct Loan Servicing - Special (7 CFR 766)

Farm Loan Programs - Direct Loan Servicing - Special ( 7 CFR 766)

FSA-2591ins

Farm Loan Programs - Direct Loan Servicing - Special (7 CFR 766)

OMB: 0560-0233

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Instructions For FSA 2591

Lease of Real Property

This form serves as the lease agreement between the Farm Service Agency as lessor, and lessee of inventory property.

The original of the form is included in the inventory property case file in the FSA servicing office, and a copy is given to the lessee.



Part A, items 1-6 are for FSA use only.


Fld Name /Item No.


Instruction


1

Lessee’s Name


Insert the complete name of the lessee in the space provided.


2

Lessee’s Social Security or Tax Identification Number


Enter the social security number of the lessee if an individual, or the tax identification number if an entity.


3

Lessee’s Address


Enter the complete address of the lessee, including the zip code.


4

Effective Date of Lease


Enter the starting date of the lease.


5

Date Lease Ends


Enter the date the lease ends.


6

Amount of Lease


Enter the total amount of the lease.





Part B Item 1 - is for FSA use only.


Fld Name /Item No.


Instruction


1(a)

Location


Enter the address of the leased property if available, a legal description, or approximate location of property if legal description in lengthy, and no street address is available.


1(b)

County


Enter the name of the county where the leased property is located.


State


Enter the name of the state where the leased property is located.



Part B Items 24-25 are completed by the lessee.




Fld Name /Item No.


Instruction


24

Lessee’s Signature


If you are mailing or faxing this form print the form and manually enter your signature. If this form is approved for electronic transmission and you have established credentials with USDA to submit forms electronically, use the buttons provided on the form for transmitting the form to the USDA Servicing office.


25

Date


Enter the date you are signing the form.







Part B Items 26-29 are for FSA use only.



Fld Name /Item No.

Instruction

26

Name of Authorized Agency Official

Type or print the official name used by the Authorized Agency Official.

27

Title of Authorized Agency Official

Type or print the working title of the Authorized Agency Official.

28

Signature

The Authorized Agency Official will enter his/her signature in the box.

29

Date

The Authorized Agency Official will insert the date he/she signs the form.





Part C is for FSA use only.



Fld Name /Item No.

Instruction

Special Stipulations

Enter in narrative form any special stipulations that are to become a part of this lease and which are not covered in the items above. For instance, the due date of payments to be made on the lease could be spelled out in this area.





Part D is for FSA use only.



Fld Name /Item No.

Instruction

1

Lease Type Code

Enter the number from the following list that applies to the lease:


01 - Lump Sum 32 – Crop Percentage Farm Buyback

02 – Crop Percentage 33 – Monthly FBB

03 – Monthly 34 – Periodic Payments FBB

04 – Periodic Payments 41 – Lump Sum With Option

21 – Lump Sum Homestead to Purchase (OP)

Protection (HP) 42 – Crop Percentage OP

23 – Monthly HP 43 – Monthly OP

24 – Periodic Payments HP 44 – Periodic Payments OP

31 – Lump Sum Farm

Buy-Back (FBB)

2

Lessee Type Code

Enter the number from the following list that applies to the lease:


01 – Individual 06 – Non-Profit

02 – General Partnership 07 – Association of Farmers

03 – Limited Partnership 08 – Organization of Farmers

04 – Corporation 09 –Beginning Farmer

05 – Public Body 10 - Farmer

3

Lessee Relationship Code

Enter the number from the following list that applies to the lease:


01 – Immediate Previous Borrower-Owner

02 – Spouse of Previous Borrower – Owner Actively Engaged in Farming

03 – Child of Previous Borrower-Owner Actively Engaged in Farming

04 – Stockholder of Corporation That Was Previous Borrower-Owner

05 – Immediate Previous Family Size Farm Operator

06 – Operators of Not Larger Than Family-Size Farm

07 – Indian Member of Tribe That Has Jurisdiction

08 – Indian Corporate Entity

09 – Indian Tribe Itself

10 - Unrelated

4

Lessee Kind Code

Enter the number from the following list that applies to the lease:


00 – All others

05 – Socially Disadvantaged – Ethnic

06 – Socially Disadvantaged – Gender





File Typeapplication/msword
File TitleTemplate Users: Select the text for each of the instruction components below and type over it without changing the font type, s
Authorjoseph.pruss
Last Modified Byjoseph.pruss
File Modified2006-04-20
File Created2006-04-20

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