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This form is available electronicall 202400525 CCC -1958 U.S. Department of AgCorporation orp ltureration (06-09-22)CommodityCredit Cor oration FARM STORAGE FACILITY LOAN (FSFL) NO REAL ESTATE SECURITY CHECKLIST NOTE: This checklist is needed for partial or final disbursement. 1Jame of Appli ant / C\x-�'I '� J a.f v-� I V 2ida �f lation) YYYY) 3.Loan No n / 4. State ffice Name /I / V 5.5.Cod uu3ty �"' j riceName 6. Date of Loan Approval 6. ( DD-YYYY)O�4"' d — 7. Approval Expiration Date (MM-DD-YYY_Y,)� %O --t9)-0 Oa Office Staff Actions: Applicable References (1-FSFL (Rev. 3)) YES NO N/A Initials Date 8. Pre -Disbursement Document Review, Structure Inspection, and Determining Loan Amount: A. Partial ❑ or Final Paragraph 57 B. Inspect and verify the amount of construction completed or facility acquisition. Document on CCC -295A (FSFL Program Final Inspection ofpermanently affixed storage structure before Loan Disbursement) or CCC-295C(FSFL Program Final Inspection of portable storage structures, drying and handling equipment or storage and handling truck before Loan Disbursement). Paragraph 171.....4 1L_- C. Construction completed or total facility acquired. If this is a partial disbursement, bills must be commensurate with work completed and not exceeding 50% of the total loan amount. If this is a final disbursement, the project must be entirely completed. Paragraph 170 X ^ r ►�J I1�L,1 / 1 11 D. Obtain completed CCC -197 (Final Farm Storage Facility Loan Program Cost from borrower(s). Paragraph 174X. C 1 )i..j.Certification) E. Obtain evidence of final net cost. Paragraph 172 X OL itaiaq F. Date stamp the Original Evidence of Cost. Subparagraph 172C G. Verify contractor/seller has signed evidence of cost if it is not on the original letterhead. Subparagraph 172B AX C� � 1) H. Retain copy of original document in the loan folder. Return original evidence to borrower. Subparagraph 172C X e� 6 aLi 1. Verify the minimum down payment amount has been paid to suppliers. Regular FSFL is 15%. Micro FSFL is 5%. Subparagraph 172A and Paragraph 59 a 1�a,a) / '117 J. Obtain CCC -191, FSFL Program Release of Liability, from all contractors/suppliers submitting bills. Paragraph 173 and Exhibit 65 a— 1 64 (j K. Complete the applicable FSFL disbursement calculator. 2-FSFL L //a`I i4 // L. Second party review of FSFL disbursement calculator. 2-FSFL M. Attach CCC -197 to Disbursement Calculator and file in loan folder. Subparagraph 175A x /)` a I 169 N. Verify whether obligation will need to be increased or decreased. Paragraph 176 �L (ray O. If loan increases more than 10%, complete financial analysis. Subparagraph 176B NiQt P. If loan increases, will need to be re -approved by applicable approval official. Paragraph 10 and Subparagraphh 1768 Q. If loan increases, complete increase in DLS. 2-FSFL, Part 5 • R. If loan decreases, complete decrease in DLS. 2-FSFL, Part 5 1I/9 U. Review financial analysis if closing delayed more than a year. Subparagraph 185F MO 9. Lien Searches and Additional Documents Needed at Loan Closing: A. Obtain proof of insurance with CCC as loss payee for all items checked on the CCC -185D, Item 3. Subparagraph 185B and Paragraphs 96-99 B. Obtain proof of current real estate taxes. Subparagraph 185C C. Complete lien search (Document on FSA -2360). Subparagraph 185D D. The County Office must perform the final lien search within 5 workdays before the FSFL check is requested in DLS. Subparagraph 185D E. If UCC Lien searches show prior UCC filings with equipment/trucks as security, obtain equipment lien waivers, on CCC -190, before loan is disbursed. Subparagraphs 144A and D & Exhibit 56