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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 />STATE <br />COUNTY <br />SEVERANCE AGREEMENT <br />SERI "` " °' ✓� �1O <br />Whereas, LdJ � of <br />NAME OF BORROWER) (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 />TYPE <br />KIND (WOOD. STEEL. ETC.) <br />CAPACITY (BUSHELS OR <br />j <br />M <br />j7TONS-) <br />on the following scribed real estate situated in the Count of <br />State of__�— — _: on the s of theei of 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. Fven 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, 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 Commod- <br />ity Credit Corporation remain on the above described real estate for a period not to exceed six W 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 />(SIGNATURE �OF BORROWER) (OWNER OR LI ENHOL DER) <br />DATE DATE - -- - - - -- - -- -- -- <br />j',SI ^GNATU E OF BORROWERS SPOUSE (OWNER OR LIENHOLDER) <br />DATE`' _ -� ���`� DATE <br />CU. S. GOVERNMENT PRINTING OFFICE : 19S6 O - 393366 <br />