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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION (1 - 56) FORM 297 COMMOD <br />MMO ITY CREDIT SERVICE <br />DIT CO PORATION <br />(6 -1 - <br />SEVERANCE AGREEMENT <br />STATE COUNTY <br />SERIA NOzeArl—, ;-14M — <br />Whereas, of (ADORES ) <br />NAME OF O )OROWER) <br />` <br />,State of ereinafter called the "Borrower" <br />County of_ <br />has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan for the purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />on the followin� described real estate situated in the County of_ — ��=- F L of Section <br />State of �f _�% —_ on the of the — — -- • f l� <br />, Township Z/ 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 />':Vow, 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 tFvcn if reated astpersonal property with respect to the personal <br />shall be <br />hall not belcofinerlfixtures or atpart of shall <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 Comr;od- <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 />(OWNER OR LI EN H O L D ER) <br />(SIGNATURE OF BORROWER) <br />DATE--- -.._ -- - - -_. -- <br />DATE <br />(OWNER OR LIENHOLDER) <br />(SIGNATURE OF BORROWERS SPOUSE) <br />DATE _ -- - -- — -- <br />DATE <br />*U. S. GOVERNMENT PRI\TING OFFICE: 1956 0 - 393366 <br />