Appendix L - Modification of Existing Contract Relating to Farm Credit Programs Guaranteed Loan/Line of Credit  


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  • United States Department of Agriculture Modification of Existing Contract Relating to Farm Credit Programs Guaranteed Loan/Line of Credit

    The Lender's Agreement or Agreement For Participation in Farmer Programs Guaranteed Loan Programs of the United States Government executed with the Lender dated ___ and the attached Loan Note Guarantee or Contract of Guarantee (Line of Credit) executed with the Lender dated ___ relating to the loan to ___ in the amount of ___ is hereby modified to permit the capitalization of interest when restructuring the Farm Credit Programs loan PROVIDED that the new principal amount of ___ does not exceed statutory limits. Such capitalized interest on the guaranteed portion of the loan will be covered by the FSA guarantee and will not void the contract when the capitalized interest result from restructuring. The new guaranteed portion of the loan is ___.

    UNITED STATES OF AMERICA FARM SERVICE AGENCY Date By Title