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COMMODITY CREDIT U.S. DEPARTMENT OF AGRICULTURE'. STATE <br />.CORPORATION 40RM 297 COMMODITY STABILIZATION SERVICE <br />Ib�t:81i) COMMODI'TY"CREDI ?'•CORPORATTgN ., <br />SEVERANCE AGREEMENT SERIAL NO' L <br />.,,I-/d <br />--r-COUNTY <br />r D Q <br />Whereas,_10.6 ofC�.� <br />N�86 (ADDRESS ) <br />. r : r .1 ,t County o7 `• - — State of " 'here,}nafter called 'the "Borrower" <br />has, applied to tkir ninodity_Credit Corposation fora, oan nr for the guarantee of. a .loan for the purpose <br />purachisirtg and ere -ceing or constructing the following storage structure, to-wit:' <br />TYPE <br />KIND (WOOD. STEE . ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />on the followin esc bed real estate situated in the'Coun of_- � — - -- -- <br />oz the_ o� t' --:e �� — T of Section <br />State of AC . <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 M 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 />SIGNAT RE OF BORROWER) <br />DATE — - - - - -- <br />(SIGNATURE OF BORR.ERS SPOUSE) <br />DATE / 6t_- <br />AGRI -WASH <br />(OWNER LIE HBO /L DER) <br />DATE <br />DATE <br />OWNER OR LIENHOLDER) <br />