7 CFR §766.201

1. (a)When a SAA is required. The Agency requires a borrower to enter into a SAA with the Agency covering all real estate security when the borrower:
   1. (1)Owns any real estate that serves or will serve as loan security; and
   2. (2)Accepts a write-down in accordance with § 766.111.
2. (b)When SAA is due. The borrower must repay the calculated amount of shared appreciation after a term of 5 years from the date of the write-down, or earlier if:
   1. (1)The borrower sells or conveys all or a portion of the Agency's real estate security, unless real estate is conveyed upon the death of a borrower to a spouse who will continue farming;
   2. (2)The borrower repays or satisfies all FLP loans;
   3. (3)The borrower ceases farming; or
   4. (4)The Agency accelerates the borrower's loans.