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COMMODITY CREDIT U. S. DEPARTMENT OF- AGRICULTURE. . STATE - _ COUNTY <br />CORPORATION FORM 297 COMMODITY STABILIZATIONSERVICE. <br />(6 -1-56) �ot�NCtoro1 TY`CR�13T1 CDftPk7l4 q �1? <br />SEVERANCE AGREEMENT SERIAL " ' 2. <br />!` 'r <br />Whereas, 6 of <br />NAME OF BORROWER f IT3 9 <br />County of ." L_ ,,_State bi /, rear iiei cal ed the `- 'Borrower'' <br />has applied .to'fhe-foir�lodity-Credit Cbtp0fdt4biP16t as odn ar %AiDr•t1w ?gua�sittee:�f+a �ciaiis�or'tle purpose <br />purchasing and erecting or cbnstruciing� the to lowing'stor'age' "structui, , o= wit^.'` <br />TYPE KIND (WOOD, STEEL. ETC.)- CAP AC TY.'( BU SHELS OR TONS) <br />on the following described real estate situated in the Cgt+ty'of — <br />State of the - 7,,o:r the 4 of Section <br />Township Range <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort- <br />gage lien on said storage structure: <br />Now, therefore, the parties hereto do covenant and agree that such- structures'and - equipment: <br />1. Shall remain severed from said real estate, and, <br />2. Even if attached to the realty, shall retain their personal character, shall be removable from the real estate, shall be <br />treated as personal property with respect to the rights of the parties, and shall not become fixtures or a part of the <br />real estate; and, . <br />3. Shall not be subject to the lien of any security transaction or instrument -heretofore or hereafter rising against the <br />structure or realty on which it is placed, until, <br />(a) The expiration of Commodity Credit Corporation's lien and any extension or renewal thereof; and, <br />(b) Until repayment of said loan. <br />4. Shall, if acquired by Commodity Credit Corporation through foreclosure or other means, at the option of the Commod- <br />ity Credit Corporation remain on the above described real estate for a period not to exceed six (6) months after the <br />date of acquisition by Commodity Credit Corporation at no expense to Commodity Credit Corporation. <br />In witness whereof, the undersigned have executed these presents on the dates immediately below their re- <br />spective signatures: <br />X "', r / <br />(SIGNATURE 0 BORR R) <br />DATE � DATE <br />(SIIGGyNATURE OF BORRO RS SPOUSE) <br />DATE / ` / DA-fE <br />OWNER OR LIENHOLDER <br />OWNER OR LIENHOLDER <br />S. GOVERNMENT PRINTING OFFICE: 1956 0 - 393366 <br />