Laserfiche WebLink
rCOMMODITY CREDIT <br />ORPORATION FORM 29 <br />(6 -1-56) <br />IwK <br />U. S. DEPARTMENT OF AGRICULTURE <br />7 COMMODITY STABILIZATION SERVICE <br />COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />STATE I COUNTY <br />SERIAL NO. <br />wMa <br />Whereas, o of mil! <br />NAME F BORROWER) <br />(ADDRESS) <br />County o —7 State of_ d __hereinafter called .the "Borrower„ <br />has applied to the Commodity Credit Corporation for a an 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 followi g des ibed re estate situated in the Count of <br />State of on the w of the A115 % of Section <br />`7` ,Township �� Range` f� <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, therefofp, the parties hereto do covenant and agree that such structures and - quipment: <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 sem-itv 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) Until repayment of said ioan. <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 alter 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 1-,-low their re- <br />spective sienatures: <br />TMECMI Tit IIFI &BMA[1 AP : - <br />;I . <br />• <br />SIGNAATT}URE OF BORROWER) <br />DAT�/ I V <br />( IGNATURE OF BORROWERS SPOUSE) <br />DATE /O <br />TE <br />BY <br />10 -10 -57 <br />DATE <br />r. <br />',-41,ENHOL DER) ^` -! <br />�+,A ^e`er= <br />Vise Pres . <br />*U. S. GOVERNMENT PRL TMG OFFICE: 19SG 0 - 79]]66 <br />i. <br />W <br />0 <br />