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t t.OMOOi TY C*01 T. U. S. DEPARTMENT OF AGRICULTURE STATE <br />CORPORAxiON 'FOAM 287r COMMODITY STABILIZATION SERVICE <br />iPt•ssl COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT SERVAL NO <br />'�. _ I COUNT Y <br />Whereas, <br />NAME OF B RR_OWE (ADDRESS) <br />Gounty f State of reinafter called the "fiorro " <br />has spp�ed to the Commodity Gredit Corporation for a loan orguarantee of a loan for the p <br />purchasing and erecting or constructing . the "A -Y1aving s�ora'ge s �;to -wit: <br />. <br />TYPE KIND (WOOD. STEEL. ETC.) CAPACITY <br />(BUSHELS OR TONS) <br />w . , �1- r <br />t d <br />ovu the foilo 'ng de.sAribed real estate situated in the Co ty of <br />State of - D -�� on the VV of the ti 5z t <br />l/ / of Section <br />Township // Range 1oz . <br />and, <br />} <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 />t 1. Shall remain severed from said real estate, and, <br />i <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 />4 real estate; and, <br />3. Shalt not be subject to the lien of any security• transaction or instrument heretofore or hereafter rising against the <br />f 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 (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 />ATURE OF BORROWER <br />(SIG TUBE OF /BORROWERS SPOU <br />DATE <br />(DWNE1 OR LIENHOLDER <br />DATE <br />DATE <br />ER OR LIENHOLDER <br />4U. S. GOVERNMENT PRINTING OFFICE : 3956 0 - 393366 <br />