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1 a' •,� 3 <br />COMMO.D I TY CREDIT - U . S -: DEPI(RTIaENT <br />CORPORATION FORM 297 COMMODITY STARILIZA`f)1 <br />(6 -11-S6) - COWODITYCREDiT <CO - loT�-'_ <br />SEVERANCE AGREEMENT <br />" W <br />Whereas, - <br />NAME-OF :BORROWER) <br />County of ,- 'State of hereinafter called the <br />has applied to the Commodity Credit Corporation fora loan br for the`guarantee�-of a loa►,f� tie purpose <br />purchasing and erecting or constructing the following - storage structure, to wit: 4y w Y = 1 <br />TYPE KIND (WOOD. STEEL. ETC.) AP ACI FY ( &U5F1L9 OR? T1S):. <br />lop <br />on the following scribe . real estate situated 'n the County o.f — - - - -- <br />State of .bn thus ?/J� g` of the 4 of Section <br />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 securit7 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 sienatures: <br />(SIGNATURE OF BORROWER) <br />'— DATE <br />DATE_ <br />(SIGNATURE CF BORROW RB SOPOUSE) <br />DATE _ —"� `�. /- DATE <br />OR LIENHOL <br />(OWNER OR LIENHOLDER <br />*V. S. GOVERNMENT PRCdTING OFFICE: 1956 O - 393366 <br />
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