Laserfiche WebLink
COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY <br />CORPORATION 'FORM 297 COMMODITY STABILIZATION SERVICE <br />' 16= 1:561' ^: -• COMM0611`Y CREDI.T'. COAP'ORA"'f101U . <.. -_ ....... _.._" .. . <br />SEVERANCE AGREEMENT SERI L <br />Whereas, <br />of _ <br />A 6FORROWER) (ADDRESS) <br />Count of <br />County State of <br />` hereinafter called the "Borrower" <br />has applied to .Credit".0 orporation for a _loan or;for the guarantee of a•loan 'f '0 r the purpose <br />pure `sing °dnd'erectit "ing or constructiflg the following §torage structure, to-wit: <br />TYPE <br />KIND (WOOD, STEE . ETC.) <br />CAPACITY (BU SHEL.S OR TONS) <br />on the following described 'r'ea) estate situated in'the'County of <br />State of ;on the /� v�- of the t C{ <br />% _ Section <br />_ •' d <br />Whereas the an, <br />borrower has agreed to give Commodity Credit Corporation or its approved lending ageneY a,moand <br />gage lien on said storage structure: <br />Now, .therefore, the parties hereto do covenant and agree that such structures and equipment: <br />h <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 .transaction or instrument heretofore or hereafter rising against the <br />structure' or realty on which it is placed, unti, <br />. . <br />(a) The expiration of Commodity Credit Corporation's lien and any extension or rep,ewal, thereof; and., <br />(b) Until repayment of said loan. <br />4. Shall,'ifacquired by Commodity •Credit' Corporation through foreclosure or other means, at the opption of the C .mmod- <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 y BORROWER) <br />DATE <br />(S NATURE OF BORROWER S SPOU. E) <br />DATE / <br />AGRI-WASH <br />DATE <br />DATE . <br />2'1 �z G'l/'� <br />(OWNER OR LIENHOLDER) <br />OWNER OR LIENHOLDER) <br />