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COMMODITY CREDIT U. S. DEPARTMENT of AGRICULTURE' STATE COUNTY <br />CORPORATION FORM 297` COMMODITY STABILIZATION •SERVICE <br />(6.1- 6)..,,..... : _CQMMOPa_'..IY._UEA.IT: COREDRATION -s_ <br />SEVERANCE AGREEMENT .SERI "` Ho. <br />Whereas, of <br />NAM BORROWER) (-ADDRESS,)-- _•. <br />County of R 'State of - hereinafter• •called' thou "E3orrower" <br />has appl }ed ,to the? nrpoditiy Credit Corporation' for a ,loan ar:: for the guarantee'of a. loan for; the.purEOse <br />purchasi k.land :erecting or, constructing,, the. : following. storage :structure.;., to +wit: ;I <br />l TYPE KIND (WOOD. STEEL. TC.) CAPACITY, (BUSHELS OR TONS) <br />/ s <br />:.� ��D <br />on the followin des ibed real estate Situated. in the County of <br />State of <br />on the of. the n, <br />_. of Section, <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort- <br />gage lien Sri said storage.. structure:. <br />Now,, - therefore, the parties - hereto -do covenant . and agree._that. such structures and equipment; N - <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. Shalt 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..C.ommodity.Credit Corporation .thr4.ugh. fore closure 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 acquisitiottby 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 OFp�'BOR ,,E(R) (� (OWNER OR LI NHOLD <br />DATE .,.r /0, <br />DATE <br />( IGN URE 8 RS U — <br />�y—°� (OWNER /yOR LIEN ER <br />DATE ! DATE c ") <br />*11. S. GOVERNMENT PRATING OFFICE: 1916 0- 393366 <br />