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COMMODITY CREDITS U. S. DEPARTMENT OF >AGRICULTURE STATE !� COUNTY <br />.CORPORATION TORJ:.297 `COMMODITY STABILIZATION SERVICE <br />(6 -t�361 ,•COMMODYTY.:G'RLDt*T, eOR'P0R•k7.ON 1 <br />SEVERANCE AGREEMENT SERIAL NO. <br />Whereas, ,•of VG% <br />AME BORROWER) •• LADb'RES'S`)' "` <br />County of % State of_ '' hex`einaftera called:, the ".Borrower" <br />has applied to ,the Commodity IIedit Corporation,, Ior,.a.., ,ban or :for .£he gua antee..gf , .loan, £oar he ,.purpose <br />purLkas ng' and 'lerebting or2con'structiitg-the'folhh.ing storage'stYvctitre; to -wit. ^` <br />TYPE KIND' (WOO -D., STEEL. .) CAPACITY (BUSHELS;OR. TONS) <br />7. a . <br />+r. <br />on the followin escri d real estate situated in the County of <br />�,. <br />State of <br />o?i .. the of the _� " oy <br />hnsh Section <br />`1 hi' <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. S' Eall not be subfe`ct 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. Shalt; 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 />SI GNATURT,16F BORROWER (OWNER OR LIEN.LDER ) <br />U <br />1 <br />DAT DATE <br />"x.1„4: <br />(SIGNATURE OF BO WERS SPOUSE) (OWNER OR LIENHOLDER) <br />_ r <br />DATE " •z `h r `' DATE <br />AGRI -WASH <br />