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COMMODITY CREDIT S. DEPARTMENT AGRICULTURE STATE COUNTY <br />C <br />CORPORATION FORM 297 COMMODITY STABILIZATION TION SERVECE <br />(6 -1 -56) COMMODITY CREDIT CORPORATION <br />d <br />SEVERANCE AGREEMENT SERIAL NO 1.59 .411A r /n/ <br />Whereas, v' of <br />ME 0 8 RROWER) ' (ADD ESS) <br />County of_ State E 1 hereinafter called,the "Borrower" <br />has applied to the Commodity Credit Corporation for a 1 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 <br />/,�/ <br />0 <br />KIND (WOOD, STEEL. ETC.) CAPACITY (BUSHELS OR TONS) <br />wz d AV <br />on the folio In de ribed r al estate situated in the County of 17__ �!= <br />State of��e -� on the ,+ of the % of Section <br />s / 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 securi +y 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 N 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 />i <br />i> <br />(SIGNATURE OF BORROWS SPOUSE) <br />l - J ` <br />DATE __- <br />(OWNER OR LIENHOLDER) <br />DATE ;7-)'/ _ -- <br />DATE <br />OWNER OR LIENHOLDER) <br />*U.S. GOVERNMENT 1'ING OFFICE: 1"6 O - 393366 <br />