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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(6 -t -56) COMMODI-TY 'C:REfl1i'•C6RP4R*T -t@N_° -- <br />SEVERANCE AGREEMENT SRIA <br />L "°; <br />Whereas, <br />of <br />COUNTY <br />-® rLo <br />RROWER) 1-//�'" <br />County of �! State of rei-naiter called —the "Borrower" <br />has applied to the Commodity Credit. Corporatarm.ioi, an n:c;for the ,giiazant�e,of a 1_oan,'for the purpose <br />purchasing and erectiri or consEructiig the" follow3ig `storage'structur t6 +kx -ti:' <br />TYPE KIND (WOOD STEEL. ETC.) CAPACt TY .6)U$Ii1E'LS OR TONS) <br />on the follo de cribed real. estate situated in the County of <br />State of�ne� of the _ of Section <br />Township fa Badge <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--bere-to -do covenant and agrt e that suclt.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, K <br />3. Shall not . be` subject to the lien of any securityy; transaction or instrument heretofore or hereafter rising against the <br />structureor. 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 opption of the Commod- <br />ity Credit Corporation remain on the above described real estate for a period not to exceed six N 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 />ATUR F BORROWER) NWNER OR LIENHOLDER): <br />] <br />DATE _ _.,- ..{ , i ✓ DATE _ - <br />1 n - -- <br />SI GNA711 E'0. BORRO SPOUSE) (OWNER OR LI ENHOL DER) <br />DATE / - / l /.- — DATE _– - <br />*U. S. GOVERNMENT PRINTING OFFICE : 1956 O - 393366 <br />