Notice of Lease Termination Last Months Rent Prepaid by toa18641

VIEWS: 17 PAGES: 22

More Info
									                                                            Commercial Investment Research Center
                                                                     FarmerMacMortgageCenter.com 573-234-4886
FARM MORTGAGE APPLICATION
Principal Borrower
Business Structure (corp., trust, individual, part.):
Name                                                                                         birth
                                                                                             date
Spouse                                                                                       birth
                                                                                             date
Street
City, State, Zip

Are you a U.S. Citizen or Permanent Resident Alien?


Additional Borrower
Business Structure (corp., trust, individual, part.):
Name                                                                                         birth
                                                                                             date
Spouse                                                                                       birth
                                                                                             date
Street
City, State, Zip

Are you a U.S. Citizen or Permanent Resident Alien?


Loan Terms
Loan Amount Requested                                         Term in Years                          Maximum Interest Rate
Payment Frequency          (payments                          Amortization Years                     Fixed/ARM/VRM
           per year)
Payment Month(s)                                        0                                                        Adjustable Frequency       1, 3, 5, 7 e
Loan Product Description


Security
Acres                                   County                                                                State
Legal Description:


Additional Security (Include federal & state grazing leases, irrigation equipment, water rights & other equipment necessary to


Description of property and improvements:

Title is/will be vested in:


The proceeds of the loan will be used as follows:                 These questions apply to all applicants. If yes to any, please explain.
                                                                  Are any assets pledged as security for debts of others?
                                                                  Have you had a bankruptcy? (past 7 years)
                                                                  Do you have any judgments against you?
                                                                  Are you a party to any lawsuit?
                                                                  Do you have any contingent liabilities?
                                                                  Have you endorsed or guaranteed notes for others?
                                                                           Are you obligated to pay alimony or support?

               Total                                                       Property foreclosed or deed in lieu? (past 7 years)
I/we intend to engage in agricultural production on the real property which is the security for this application? (yes/no)
Describe any labor performed, materials furnished or contracts made in connection with the erection or alteration or other im
security within the past six months:


List all leases on the security, including lessees, amounts, property leased and the lease expiration dates:


Agreement
The undersigned applicants apply for the loan indicated on this application to be secured by a first mortgage or deed of trust on the property described here
interest in the property will sign all loan documents required by Lender for closing. Applicant represents that it has no claims against, or defenses to oblig
affiliates or waives all such claims and defenses to the extent allowed by law. This provision is subject to claims for performance of express contractual obl
affiliates. All disagreements arising as a result of this application or processing of the application shall be resolved by binding arbitration in accordance
American Arbitration Association. Everything stated in the application is true and correct to the best of my knowledge. Lender will retain this application
authorized to check credit and employment history and answer questions about my credit experience with Lender.



Lender will require the reconveyance, termination or subordination of any junior lien holders, leases, or other liens as considered by the Lender necess
improvements presently and hereafter attached to the real estate are and will be part of the security. Applicant will carry hazard insurance on the improveme
and with a loss payable clause in favor of the Lender.



Applicant is required to pay all fees, taxes and expenses in connection with closing the loan including title and escrow fees, credit report, UCC search,
preparation, filing and recording of all loan documents. Applicant is required to pay all pairoff fees on loans that are rate locked with the Lender and not closed

Applicant is required to submit to CIRC and/or it's assign a loan origination fee. The fee will be refunded only if a Preliminary Loan Approval Notice is not issu

Loan Origination Fee:

All applicants must sign                                                                                       Date




Additional Borrower
Business Structure (corp., trust, individual, part.):
Name                                                                                                   birth
                                                                                                       date
Spouse                                                                                                 birth
                                                                                                       date
Street
City, State, Zip

Are you a U.S. Citizen or Permanent Resident Alien?


Additional Borrower
Business Structure (corp., trust, individual, part.):
Name                                                  birth
                                                      date
Spouse                                                birth
                                                      date
Street
City, State, Zip

Are you a U.S. Citizen or Permanent Resident Alien?


All applicants must sign:                                     Date
rch Center
4-4886




                Tax ID #

                Tax ID #

                Home Phone
                Bus. Phone
                Fax




                Tax ID #

                Tax ID #

                Home Phone
                Bus. Phone
                Fax




nterest Rate
VRM
  Adjustable Frequency       1, 3, 5, 7 etc.




& other equipment necessary to the operation of the security):




es to any, please explain.
y for this application? (yes/no)
erection or alteration or other improvements on the offered




ation dates:



  of trust on the property described herein. All persons and companies owning an
 no claims against, or defenses to obligations owing by applicant to Lender or its
 performance of express contractual obligation owing to applicant by Lender or its
ed by binding arbitration in accordance with Commercial Arbitration Rules of the
 dge. Lender will retain this application whether or not it is approved. Lender is




s as considered by the Lender necessary in perfecting its security position. All
rry hazard insurance on the improvements in an amount satisfactory to the lender




scrow fees, credit report, UCC search, appraisal, attorney fees, and the cost of
te locked with the Lender and not closed.

minary Loan Approval Notice is not issued.




               Tax ID #

               Tax ID #

               Home Phone
               Bus. Phone
               Fax
Tax ID #

Tax ID #

Home Phone
Bus. Phone
Fax
                                                         Balance Sheet - Market Basis

Statement of :                                                             Signature


          Date:                                                            Signature


                                 ASSETS                    Amount                                          LIABILITIES
                  CURRENT ASSETS                                                          CURRENT LIABILITIES
Cash                                                                       Accounts Payable(one year)
Savings
Marketable Bonds & Securities
Cash Value Life Insurance                                                  Current Debt - Mkt. LS, Crop Credit
Accounts Receivable                         Schedule D                     Income Taxes Payable
Current Portion Notes Receivable            Schedule E                     Real Estate Taxes Due
Harvested Crops                             Schedule G                     Rents Due
Growing Crops (at cost)                     Schedule F                     Accrued Interest
Livestock held for sale (at market)         Schedule I                     Current Mat. of Non-Curr. Debt
Prepaid Expenses & Supplies
                  Other Current Assets:                                    Other Current Liabilities




Total Current Assets                                                $      Total Current Liabilities
                  NON-CURRENT ASSETS                                                      NON-CURRENT LIABILITIES
Livestock - Breeding                        Schedule H                     Chattel Debt & Notes Payable
Machinery and Vehicles                      Schedule K




Investments in Cooperatives                                                               Less Current Portion
Other Investments:
                                                                           Other Non-Current Liabilities




Notes and Contracts Receivable              Schedule E
                  Less Current Portion

Real Estate Owned                           Schedule A                     Real Estate Mortgages




                                                                                          Less Current Portion

                  Total Real Estate Owned                                                 Total Non-Current Real Estate Liabilities
Total Non-Current Assets                                            $      Total Non-Current Liabilities
                                                                                          Total Liabilities
                                                                                          Net Worth
                  Total Assets                                      $                     Total
s




                LIABILITIES                  Amount
 CURRENT LIABILITIES
able(one year)




- Mkt. LS, Crop Credit        Schedule C
    Payable
axes Due


                           Schedule A,B,C
of Non-Curr. Debt            Schedule A,B


 Liabilities




Liabilities                                           $
 NON-CURRENT LIABILITIES
& Notes Payable               Schedule B




 Less Current Portion         Schedule B


rrent Liabilities




ortgages                      Schedule A




 Less Current Portion         Schedule A

 Total Non-Current Real Estate Liabilities
rent Liabilities                                      $
 Total Liabilities                                    $
                                                      $
                                                      $
SCHEDULE A - REAL ESTATE AND DEBT
    X            Prop. Security   Purchase                                                       (a f n)
              Acres         Year   Price                    Market Value Payable To                        Balance          Rate




                                                                         Total Real Estate

SCHEDULE B - Chattel Debt (Machinery, Breeding Livestock, etc.) & Notes Payable
                                                                                                 (a f n)
                          Holder                                 Security                                  Balance          Rate




                                                           Total Chattel Debt - Notes Payable
(f = int. appears in tax sched. F or farm inc. & exp. in this submission) (n = int. appears on non-farm tax sched. C or E) (a = int. appears on tax sched. A)
SCHEDULE C - Current Debt - Operating Lines, Market Livestock, Due in 12 Months

                          Holder                                 Security                                  Balance          Rate




                                                                        Total Current Debt
                                                           Annualized Farm Curr. Bal. and Rate
                                                           TOTAL FARM NON-CURRENT P&I, ACCRUED INTEREST
                                                           TOTAL NON-FARM NON-CURRENT P&I, (excluding tax shed. A, P&I)
                                                           TOTAL ANNUAL P&I (CASH FLOW REQUIRED)



SCHEDULE D - Accounts Receivable                                            SCHEDULE E - Notes Receivable
Receivable From:                                               Amount       Receivable From:           Amount               Rate




                                                 Total                         Total

SCHEDULE F - Growing Crops (at Cost)                                        SCHEDULE G - Harvested Crops
        Crop                  Ac.              Cost/Ac.         Value          Crop                                Amount




                                                 Total                                                                 Total

SCHEDULE H - Breeding Livestock                                             SCHEDULE I - Market Livestock
       Type                   No.                Price          Value                              Type
                                         Total                                Total

SCHEDULE J - Leased Machinery, Equipment and Vehicles
                                                                               Purchase
Lessor                                            Description                   Option




                                                                              Total




SCHEDULE K - Owned Machinery, Equipment and Vehicles

            Year                         Make                   Description




                                                                              Totals
                  Accrued            Annual Totals
                  Interest       Interest     Principal




                  Accrued            Annual Totals
                  Interest       Interest     Principal




E) (a = int. appears on tax sched. A)

                  Accrued
                  Interest




shed. A, P&I)




                  Interest      Principal    Ann. Total




                   Units          Price        Value




                    No.           Price        Value
Purchase     No.      Ann. Lease
 Option    Payments    Payment




            Depr.       Market
            Value       Value
                                                               Pro Forma Balance Sheet - Market Basis

Statement of :


          Date:


                   ASSETS                           Current   Change   Pro-forma                    LIABILITIES
                  CURRENT ASSETS
Cash                                                                                  Accounts Payable(one year)
Savings
Marketable Bonds & Securities
Cash Value Life Insurance                                                             Current Debt - Mkt. LS, Crop Credit
Accounts Receivable                             D                                     Income Taxes Payable
Current Portion Notes Receivable                E                                     Real Estate Taxes Due
Harvested Crops                                 G                                     Rents Due
Growing Crops (at cost)                         F                                     Accrued Interest
Livestock held for sale (at market)         I                                         Current Mat. of Non-Curr. Debt
Prepaid Expenses & Supplies
                  Other Current Assets:                                               Other Current Liabilities




Total Current Assets                                                                  Total Current Liabilities
                  NON-CURRENT ASSETS
Livestock - Breeding                            H                                     Chattel Debt & Notes Payable
Machinery and Vehicles                          K




Investments in Cooperatives
Other Investments:
                                                                                      Other Non-Current Liabilities




Notes and Contracts Receivable                  E
                  Less Current Portion

Real Estate Owned                               A                                     Real Estate Mortgages




                  Total Real Estate Owned
Total Non-Current Assets                                                              Total Non-Current Liabilities




                  Total Assets
t - Market Basis




              LIABILITIES                                 Current   Change   Pro-forma
               CURRENT LIABILITIES
Accounts Payable(one year)




Current Debt - Mkt. LS, Crop Credit                  C
Income Taxes Payable
Real Estate Taxes Due
Rents Due
Accrued Interest                                  A,B,C
Current Mat. of Non-Curr. Debt                     A,B


Other Current Liabilities




Total Current Liabilities
               NON-CURRENT LIABILITIES
Chattel Debt & Notes Payable                         B




               Less Current Portion                  B


Other Non-Current Liabilities




Real Estate Mortgages                                A




               Less Current Portion                  A

               Total Non-Current RE Liabilities
Total Non-Current Liabilities
               Total Liabilities
               Net Worth
               Total
SCHEDULE A - REAL ESTATE AND DEBT
    X            Prop. Security   Purchase                                                       (a f n)
              Acres         Year   Price                    Market Value Payable To                        Balance          Rate




                                                                         Total Real Estate

SCHEDULE B - Chattel Debt (Machinery, Breeding Livestock, etc.) & Notes Payable
                                                                                                 (a f n)
                          Holder                                 Security                                  Balance          Rate




                                                           Total Chattel Debt - Notes Payable
(f = int. appears in tax sched. F or farm inc. & exp. in this submission) (n = int. appears on non-farm tax sched. C or E) (a = int. appears on tax sched. A)
SCHEDULE C - Current Debt - Operating Lines, Market Livestock, Due in 12 Months

                          Holder                                 Security                                  Balance          Rate




                                                                        Total Current Debt
                                                           Annualized Farm Curr. Bal. and Rate
                                                           TOTAL FARM NON-CURRENT P&I, ACCRUED INTEREST
                                                           TOTAL NON-FARM NON-CURRENT P&I, (excluding tax shed. A, P&I)
                                                           TOTAL ANNUAL P&I (CASH FLOW REQUIRED)



SCHEDULE D - Accounts Receivable                                            SCHEDULE E - Notes Receivable
Receivable From:                                               Amount       Receivable From:           Amount               Rate




                                                 Total                         Total

SCHEDULE F - Growing Crops (at Cost)                                        SCHEDULE G - Harvested Crops
        Crop                  Ac.              Cost/Ac.         Value          Crop                                Amount




                                                 Total                                                                 Total

SCHEDULE H - Breeding Livestock                                             SCHEDULE I - Market Livestock
       Type                   No.                Price          Value                              Type
                                         Total                                Total

SCHEDULE J - Leased Machinery, Equipment and Vehicles
                                                                               Purchase
Lessor                                            Description                   Option




                                                                              Total




SCHEDULE K - Owned Machinery, Equipment and Vehicles

            Year                         Make                   Description




                                                                              Totals
                  Accrued            Annual Totals
                  Interest       Interest     Principal
                                                               $0
                                                           0.00%
                                                                0
                                                                0
                                                                0
                                                          #DIV/0!
                                                             -
                                                          #DIV/0!




                  Accrued            Annual Totals
                  Interest       Interest     Principal




E) (a = int. appears on tax sched. A)

                  Accrued
                  Interest




shed. A, P&I)




                  Interest      Principal    Ann. Total




                   Units          Price        Value




                    No.           Price        Value
Purchase     No.      Ann. Lease
 Option    Payments    Payment




            Depr.       Market
            Value       Value
Loan amount
Annual interest rate:
Amortization
Payments per year
Term (Years)
First Year's Payment
Annualized Interest
Principal
INCOME AND EXPENSE STATEMENT
Applicant:                                                               Cash
                                                                         Accrual
   Source of Information:      tax returns                               Years
FARM INCOME                                  2000   2001   2002   2003     Average     Pro Forma
Net Purchased LS & other                                                   #DIV/0!
Raised Farm Products                                                       #DIV/0!
Cooperative Distributions                                                  #DIV/0!
Ag Program Payments                                                        #DIV/0!
CCC Loans                                                                  #DIV/0!
Crop Insurance                                                             #DIV/0!
Custom Hire                                                                #DIV/0!
                                                                           #DIV/0!
                                                                           #DIV/0!
Income From New Property
              Gross Farm Income                                            #DIV/0!
FARM EXPENSES
Car & Truck                                                                #DIV/0!
Chemicals                                                                  #DIV/0!
Conservation                                                               #DIV/0!
Custom Hire                                                                #DIV/0!
Depreciation                                                               #DIV/0!
Feed                                                                       #DIV/0!
Fertilizer                                                                 #DIV/0!
Freight                                                                    #DIV/0!
Gasoline, Fuel                                                             #DIV/0!
Insurance                                                                  #DIV/0!
INTEREST: Mortgage/Non-current                                             #DIV/0!
              Other Interest/Current                                       #DIV/0!
              Total Interest                                               #DIV/0!
Labor                                                                      #DIV/0!
Rent/Lease, Machinery                                                      #DIV/0!
Rent/Lease, Land                                                           #DIV/0!
Repairs                                                                    #DIV/0!
Seed                                                                       #DIV/0!
Storage                                                                    #DIV/0!
Supplies                                                                   #DIV/0!
Taxes                                                                      #DIV/0!
Utilities                                                                  #DIV/0!
Veterinary fees                                                            #DIV/0!
                                                                           #DIV/0!
Expense From New Property
            Total Farm Expenses                                              #DIV/0!
NET FARM INCOME                                                            #DIV/0!
NON FARM INCOME
Salaries                                                                   #DIV/0!
Interest income                                                            #DIV/0!
Dividends                                                                  #DIV/0!
Business Inc. (Sch C)                                                      #DIV/0!
Capital Gain/Loss (Sch D)                                                  #DIV/0!
Other Gains/Loss (4797)                                                    #DIV/0!
Rental Income (Sch E)                                                      #DIV/0!
                                                                           #DIV/0!
                                                                           #DIV/0!
                                                                           #DIV/0!
           Total Non Farm Income                                           #DIV/0!
TOTAL PRE-TAX INCOME                                                       #DIV/0!
Cash Flow Coverage
                  Year               2000      2001      2002      2003     Average     Pro Forma
TOTAL PRE-TAX INCOME                                                          #DIV/0!
Plus Adjustments:
Farm Depreciation                                                           #DIV/0!
Non-Farm Depreciation                                                       #DIV/0!
Farm Current/Non-Current Int. (F)                                           #DIV/0!
Non-Farm Non-Curr. Interest (C,E)                                           #DIV/0!
Capital Lease Payments                                                      #DIV/0!
                                                                            #DIV/0!
                                                                            #DIV/0!
                                                                            #DIV/0!
                                                                            #DIV/0!
                                                                            #DIV/0!
Minus Adjustments:
Income & FICA taxes                                                         #DIV/0!
Family Living                                                               #DIV/0!
Non-Recurring Income                                                        #DIV/0!
                                                                            #DIV/0!
                                                                            #DIV/0!
                                                                            #DIV/0!
CASH FLOW AVAILABLE                                                         #DIV/0!
TOTAL ANNUAL P&I                                                            #DIV/0!
ANN. CAPITAL LEASE PAYMENTS                                                 #DIV/0!
                                                                            #DIV/0!
TOTAL CASH FLOW REQUIRED                                                    #DIV/0!
Excess Cash Available                                                       #DIV/0!
Pro Forma Total Debt Coverage       #DIV/0!   #DIV/0!   #DIV/0!   #DIV/0!   #DIV/0!      #DIV/0!

Comments:
                                                      REQUEST FOR CREDIT INFORMATION
                                 Commercial Investment Research Center - FarmerMacMortgageCenter.com


Applicant(s) has applied for a loan with Commercial Investment Research Center (CIRC) and/or it's assigns, 3717 Monterey, Suite
A, Columbia, MO 65203. Applicant(s) authorizes CIRC and/or it's assigns to conduct a credit inquiry and has listed your
organization as a reference. Please furnish the requested information and forward this request in the enclosed envelope.
Applicant(s) authorize CIRC and/or it's assigns to conduct their own credit investigation including a request for a business or
consumer credit report.




Date                                   Applicant's Signature                                       Applicant's Signature


To:                                                                                 For:
                                                    Credit Reference                                                                                        Applicant


                                                            Address                                                                                             Address


                                                       City-State-Zip                                                                                   City-State-Zip




LOAN INFORMATION
                           Current       Interest            Payment Terms           Date Last       Final Due        Original Loan             Original Loan
TYPE OF CREDIT Balance                     Rate            Amount       Frequency          Paid        Date                Amount                   Date
                       $                               $                                                         $
 REAL ESTATE




       CHATTEL




  OPEN NOTE




Number of delinquent payments ___________ Amount overdue $_______________________
Years of experience with your organization ____________ Maximum credit extended at one time $_____________________
Do you have any co-signors or guarantors on the above loans? _________
Do you have any knowledge of bankruptcy, foreclosure or compromised debt involving the applicant?___
Have you imposed any restrictions on future transactions with the applicant? ____ Explain "yes" response ___




PAYMENT HISTORY                                                                     CASH ACCOUNTS
                                                                                       TYPE OF ACCOUNT                                BALANCE
         PROMPT


         SATISFACTORY


         LESS THAN SATISFACTORY


         SLOW




Additional comments:




                           Signature                                                   Telephone                                                                   Date

								
To top