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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE' COUNTY <br />'CORPORATION FORM 297 COMMODITY STABI.O Z-ATION SERVICE _ <br />16 -t -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT SERIAL No. <br />Whereas of <br />NAME DF BOR R) (ADDRESS) <br />County of_ State of _ ereinafter called the "Borrower" <br />has applied .to the Commodity Credit Corporation fora 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 KIND (WOOD, STEEL. ETC.) CAPACITY (BUSHELS OR TONS) <br />on the following descr•bed real estate situated in the C t,x Of + - -- <br />,State of on the of the � % of Secti on <br />p2 ,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 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 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 />(SIGNATURE OF BORROWE <br />/1 <br />L pp <br />(SI URE OF BORROWERS SP SE) <br />I O . <br />DATE — <br />1?37 <br />a�L , <br />(OWNER OR L ENHOLDER) I <br />y e , <br />DATE -- <br />j— <br />DATE <br />(OWNER OR LIENHOLDER) <br />*U, S. GOVERNMENT PRL TL \G OFFICE: 1956 0 - 393366 <br />