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SEVERANCE AGREEMENT I SERrAL(NO.��rD� <br />r A A <br />Whereas, NAME OF. BOR OWER)- c (ADDRESS) <br />County of_ State of — reinafter called the ",Borrower" <br />has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan fot''the purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />KIND (WOOD. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />J /TYYPEy� <br />COMMODITY CREDIT <br />CORPORATION FORM 297 <br />U. S. DEPARTMENT OF AGRICULTURE <br />COMMODITY STABILIZATION SERVICE <br />COMMODITY CREDIT CORPORATION <br />STATE - - <br />COUNTY <br />SEVERANCE AGREEMENT I SERrAL(NO.��rD� <br />r A A <br />Whereas, NAME OF. BOR OWER)- c (ADDRESS) <br />County of_ State of — reinafter called the ",Borrower" <br />has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan fot''the purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />on the following described real estate situated in the County of <br />State of 1' f`S ice__ -:on the -- of the /V w 1/ of Section <br />Township <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 sec»rity transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, urn , <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 />G/ Cc t c!G_L -- <br />IGNATURE OF BORROWER) (OWNER OR L1 -ENHOL DE R <br />DATE <br />DATi: -- <br />i <br />,L` /��_�����(_s✓ � it -�� �I_.0 /r �� -��I - '�'Y«?, -Gi� <br />(SIGNATURRE�0F BORROWERS -SPoUSE) <br />DATE __� -� _' P / DATE <br />OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRI\T.G OFFICE: 1956 0 - 393166 <br />KIND (WOOD. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />J /TYYPEy� <br />/STEEL, <br />I —1-- <br />Ii <br />on the following described real estate situated in the County of <br />State of 1' f`S ice__ -:on the -- of the /V w 1/ of Section <br />Township <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 sec»rity transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, urn , <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 />G/ Cc t c!G_L -- <br />IGNATURE OF BORROWER) (OWNER OR L1 -ENHOL DE R <br />DATE <br />DATi: -- <br />i <br />,L` /��_�����(_s✓ � it -�� �I_.0 /r �� -��I - '�'Y«?, -Gi� <br />(SIGNATURRE�0F BORROWERS -SPoUSE) <br />DATE __� -� _' P / DATE <br />OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRI\T.G OFFICE: 1956 0 - 393166 <br />