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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY <br />CORPORATION 'FORM 297 COMMODITY STABILIZATION SERVICE <br />16 -1.561 - COMMOD-ITY CREIM T% CORPORAT•ION.., .. _._.. ._. .. . <br />SEVERANCE AGREEMENT SERIA <br />Whereas, of f <br />NAME BORROWER) "" - -•, (ADDRESS,) <br />County of Cate oi_" / W hereihafter,called the •: "Borrower" <br />has applied .to' he Comnodi -ty C-r•edit "`Corporation, for. a loart'or for,the guarantee of 'a loan for the purpose <br />purchasing And-erecti" "rig or constructing the following storage.structure, "to -:wit: <br />TYPE <br />KIND (WOOD, S EEL. VC.) <br />CAPACITY (BUSHELS OR TONS) <br />1don the following cribe real estate situated in the CoWity of - <br />State of ��� l4/''' % ✓� -'~,Q• nom, c' z <br />on the <br />of Section <br />Jj' _9 I Cti 1 ^v177 c?'i:"C_v <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 opption of the Commod- <br />ity Credit Corporation remain on the above described real estate for a period not to exceed six I, ) 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 />(SIG ATURE OF BORROW <br />DATE i <br />//,(SIGNATURE OF BORROWERS OUSE) (/ <br />DATE � A �, .�• �� ��O <br />AGRI -WASH <br />-, <br />(OWNER OR LIENHOLDER) <br />DATE <br />DATE <br />OWNER OR LIENHOLDER <br />