
Servicing tasks required of the Lender will include, but are not limited to:
![]() | Creating and maintaining a loan file for each FARM loan |
![]() | Collecting payments and appropriately applying to principal and interest and other obligations under the Note |
![]() | Performing periodic and/or annual site visits of the Farmer's operations |
![]() | Monitoring inventory and collateral. This includes an annual inspection of the collateral and a report to WHEDA on any adverse change(s) in the collateral |
![]() | Following up on all loan exceptions (i.e., covenant defaults) |
![]() | Monitoring loan for actual and potential default occurrences |
![]() | Reviewing and complying with terms of the FARM loan documents on a continuous basis |