Form Rd 440 9 PDF Details

When navigating the financial complexities of loans facilitated by the United States Department of Agriculture (USDA), borrowers find themselves engaging with various forms, each serving a critical function in the loan management process. Among these, the Form RD 440-9 stands out as a fundamental document for structuring a supplementary payment agreement. This form, revised in November 2002, enables borrowers indebted to the United States of America, through loans made or insured by the USDA, to arrange an alternative payment schedule for their loan. By meticulously outlining monthly installment amounts for the remainder of a calendar year and subsequent years until the full loan term, the RD 440-9 facilitates both immediate and long-term financial planning for borrowers. It caters to loans across various categories, including Farm Ownership (FO), Rural Housing (RH), Soil and Water (SW), and Rural Living (RL), among others, indicating its wide applicability. Moreover, the agreement includes conditions for default, the possibility of cancellation or amendment through mutual consent, and the modification of terms in response to changes in the borrower's indebtedness. This form is not just about numbers—it's a testament to the government's effort to provide flexible repayment solutions that acknowledge the financial realities faced by many rural Americans. Ensuring compliance and understanding the stipulations of Form RD 440-9 is essential for borrowers aiming to manage their USDA loans effectively, making it a crucial piece of documentation in the realm of rural development finance.

QuestionAnswer
Form NameForm Rd 440 9
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesRD440 9 usda rural development supplementary payment agreement form

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Form RD 440-9 (Rev. 11-02)

TYPE OF LOAN

FO

FO-NFE

RH

SW

RL

OTHER

UNITED STATES DEPARTMENT OF AGRICULTURE

RURAL DEVELOPMENT

FARM SERVICE AGENCY

SUPPLEMENTARY PAYMENT

OL

AGREEMENT

 

 

Position 2

EM

 

 

 

(SPECIFY)

 

OMB Control No. 0560-0158

STATE

COUNTY

CASE NO.

DATE

The undersigned (hereinafter called the ''Borrower'') being indebted for a loan made or insured by the United States of America, through the United States Department of Agriculture (hereafter called the ''Government'') as evidenced by a note or other debt instrument, (hereafter called the ''notes''), dated

,

 

,

 

,

 

,

 

,

 

,

 

,

and desiring to provide for payment of such indebtedness by a supplementary plan of payments, hereby agrees with the Government, for good and valuable consideration, receipt of which is hereby acknowledged, as follows:

1.THE BORROWER WILL PAY ALL OR PART OF THE INSTALLMENTS OF PRINCIPAL AND INTEREST ON THE NOTES BY MAKING PARTIAL PAYMENTS EACH MONTH AS FOLLOWS:

(A)FOR THE REMAINDER OF THIS CALENDAR YEAR, BEGINNING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(month)

 

(year)

 

 

$

 

 

 

 

FOR

 

 

 

MONTHS.

 

 

 

 

 

 

(amount per month)

 

 

 

(number)

 

 

 

 

 

 

 

(B) DURING EACH YEAR FOR THE REMAINDER OF THE TERM OF THE NOTE, BEGINNING JANUARY

 

 

 

 

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(year)

 

 

 

 

 

 

 

 

 

 

 

 

JANUARY. .

. . $.

 

 

MAY

$

 

 

 

SEPTEMBER. . . .

$

 

 

FEBRUARY.

. . $

 

. . . . . . .JUNE

$

 

 

 

. . . . . .OCTOBER

$

 

 

. .MARCH .

. . . $

 

. . . . . . .JULY

$

 

 

 

. . . . .NOVEMBER

$

 

 

. .APRIL. . . .

. . $

 

 

. . . .AUGUST

$

 

 

 

. . . . .DECEMBER

$

 

 

EACH PAYMENT SHOWN ABOVE SHALL BE MADE ON OR BEFORE THE

 

 

DAY OF THE RESPECTIVE MONTH

INDICATED, AND ANY REMAINING UNPAID PORTION OF THE YEARLY PAYMENT SHALL BE MADE ON OR BEFORE THE ANNUAL INSTALLMENT DUE DATE SHOWN IN THE NOTES.

2Nothing herein shall be construed as affecting any of the terms or conditions of the notes or the instrument securing them, other than the payment

. schedule set forth in the notes,

3 Upon DEFAULT by the Borrower in any of the terms or conditions of this agreement, the Government at its option may declare the entire

. indebtedness of the notes immediately due and payable.

4 This agreement may be canceled or amended at any time by mutual agreement in writing between the Borrower and the Government.

.However, if the total indebtedness of the Borrower to the Government is increased because of money advanced pursuant to the terms of the notes, mortgages, deeds of trust, or security agreements or because of a reduction in the amount of interest credit or payment assistance allowed the Borrower under the provisions of the Housing Act of 1949, as amended, this agreement will be modified by the Government to increase the monthly payments of the Borrower in an amount sufficient to pay the entire indebtedness on or before the due date shown in the notes.

Make Check or Money Order payable to and

Mail or Deliver your payment to

Street Address or P.O. Box

(Borrower)

 

Town

State

Zip Code

(Co-borrower)

According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid UMB control number. The valid UMB control number for this information collection is 0560-0158. The time required to complete this information collection is estimated to average 15 minutes 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.