[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1436.14]

[Page 608]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1436_FARM STORAGE FACILITY LOAN PROGRAM REGULATIONS--Table of Contents
 
Sec. 1436.14  Taxes.

    The borrower must pay, when due, all real and personal property 
taxes that may affect CCC's security interest in all collateral securing 
the note evidencing the loan. To protect its interests, CCC may pay any 
unpaid taxes with respect to the collateral securing a loan made in 
accordance with this part, and if CCC does so, the borrower shall 
reimburse CCC for such payment, and if unpaid by the borrower, such debt 
shall become due immediately.