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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY <br />CORPORATION FORM _297 COMMODITY STAB I L_ I ZAT I-ON SERVICE - -- - - <br />(6-1.56) CbMWlOtjl TY` CR7 D I i CURPL7R7C?{TQ ',4 I; - ' 1 �� <br />SEVERANCE AGREEMENT SERIAL <br />"i �l� r� <br />Whereas, /T(� /� C.��/�%f�DDU; of 2� /t DDC� <br />AME OF BOR OWER) - (XUl7 Rh`5S). <br />County of /TL+� I , State of , e 6ri "he3c haft.er ca3led the 11- 3orrower" <br />has applied to the Commodity 'Ct'edit• Corporation' 'or >a .loan, -or fora6al guarairtee_;of. a aoan for the purpose <br />purchasing and erecting or constrlictirig the" Ml'fow tij A6rage'siritctur'e, <br />TYPE KIND (WOOD. STEEL.'ETC.) :'CAPA0zrY (BUSHELS OR TONS) <br />on the follo des ibed re estate situated in the County ofr`� <br />State of_ -G� <br />n m <br />the of the <br />W of Section <br />---- -r , Township_ 242 Rmige_ ,zz <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•jrereto - 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, untl , <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 />(SI NATUR/E OF BORROWER <br />DATE <br />'IGNATURE'OF BORROWERS SPOUSE) <br />DATE - lJ <br />1. 0.11 ER OR LIE HOL R) <br />DATE � <br />DATE <br />OWNER OR LIENHOLDER <br />PRINTING OFFICE: 1956 0 - 393366 <br />