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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />116 -1-56) COMMODITY CREDIT CORPORATION <br />- __Ie ,e&& � <br />SEVERANCE AGREEMENT SERIAL NO. <br />-ate <br />Whereas, e 11_7d,4 C° 1 Goa/ 1 /� of �/��i l� / !J /� 1 d1f o4 _1 <br />�/� NAME OF BORROWER) (ADDRESS) <br />County of /D" /� 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 . structnre,•to -wit: , <br />TYPE <br />KIND (WOOD, STEEL. ETC.) <br />CAPACITY. (BUSHELS OR'TONS) <br />on the following P9Sc r'bed real estate situated in the County of 't 7" / /_ <br />State of 5 W `%/w'y Na , �/✓ % of Section <br />//- on the <br />/li Township Z� 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 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 />(SIGNATURE OF BORROWER) <br />DATE <br />L�iGNAT l IR <br />(SIGNATURE Fp ORROWERS SPOUSE) <br />DATE <br />(OWNER OR LIENHOLDER) <br />DATE <br />DATE <br />OWNER OR LIENHOLDER) <br />*U. S. GOVERNMENT PRINTING OFFICE : 1956 O - 393366 <br />