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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(6 -1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />STATE - COUNTY <br />_ 0 <br />SERIAL N0. <br />Whereas, of - <br />NAME ORROWER)- - (ADDRESS) <br />County of , State of hereinafter called the " Borrower" <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 desc bed re - estate situated in the County o.f <br />State of-- of the of the 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 sect *ity transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, until, <br />(a) Toe 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 C'Olumodity Credit Corporation throu h 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 (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 />SInN BORROWER) <br />( AT / 0 B 0 E )� � <br />DATE _ <br />(SIGNATURE OF BORROWERS SPOUSE) <br />DATE / �A <br />_- <br />/ / (OWNER OR LI ENHOL DER) <br />DATE <br />(OWNER OR LIENHOLDER) <br />DATE _— - -- <br />CU. S. GOVERNMENT PRLITING OFFICE: 3956 0 - 393366 <br />