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COMMODITY CREDIT S. DEPARTMENT OF AGRICULTURE <br />KIND (WOOD, STEEL, ETC.) <br />STATE <br />COUNTY <br />CORPORATION FORM <br />297 COMMODITY STABILIZATION SERVICE <br />(6 -1 -56) <br />COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />SERIAL NO. <br />Whereas, <br />C_ r o 1 /�e� of <br />NAME OF B RR WER) <br />(ADDRESS) <br />County of__ <br />_ _ State of <br />_ d _hereinafter called <br />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 TONS) <br />T <br />on the followi d scribed //real estate situated in the County of <br />State of___ - " uf�e .� -:on the /V of the S % of Section <br />Township Rang, z� <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 seer, itt� transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, u: til, <br />(a) The expiration of Commodity Credit Corporation's lien and any extension or renewal thereof; and, <br />(b) I_'util- repayment of said ioan. <br />4. Shall, if acquired by Commodity Credit Corporation throuvh foreclosure or other means, at the o -S)Lion of the Commod- <br />ity Credit Corporation remain on the above described real estate for a period not to exceed six l6) 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 siP atures: <br />' SI GN ATU E BORROWER) <br />DATE <br />(SIGNATURE OF BORROWERS SPOUSE) <br />DATE / 0 , <br />(OWNER OR LIENHOLDER) <br />DATE -L Q �f� l -- -- -- - - - - -- <br />DATE <br />(OWNER OR LIENHOLDER <br />CU. S. GOVERNMENT PM-NI 11G OFFICE: 1956 0 - 393366 <br />