Common Contracts
1 similar Promissory Note & Security Agreement contracts
WASHINGTON STATE CONSERVATION COMMISSION Conservation Reserve Enhancement Program Practice Incentive Payment (PIP) Advance Promissory Note & Security AgreementPromissory Note & Security Agreement • November 7th, 2020
This AGREEMENT constitutes an integrated document between _______________________________ (Borrower) and the ________________________________ Conservation District (District) which is acting as loan agent under a Conservation Reserve Enhancement Program (CREP) Practice Incentive Payment (PIP) Advance Payment Loan Agreement with the Washington State Conservation Commission (Commission). As the loan agent, the District will oversee completion of, and amendments to, the Promissory Note & Security Agreement and the Farm Services Agency Assignment of Pay forms, will maintain current District PIP Advance Loan files, will voucher the Commission for PIP advances, and will issue PIP Advance checks to landowners. The CREP is a partnership between the State of Washington and the U. S. Department of Agriculture, Farm Services Agency (FSA) that provides financial incentives to landowners who restore and improve salmon and steelhead habitat on their land. This document includes a Promissory Note, Se
