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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />16-t sfii : r ,, COKiINIb't"Fw -Ci20ii° "'CORfr6 <br />'T O <br />y z� <br />SEVERANCE AGREEMENT SERIA N <br />Whereas, ► If <br />- <br />A E OF BORROWER) (ADDRESS) <br />� .y, Y <br />Count of " " <br />Y State of lieretnafter ealled, the "Borrower" <br />has applied ito theorttnodity Grledit Cotpozaioti for 'a load or f►ir the guarantee of a", Moan for "the. purpose <br />purchasing` and 'ereA g br` canstfucting" the' ' 611'owing``storage structure, 't6 wit: <br />on the follow�descr beeal: estate situated in the County ofa�(js% <br />State of On tho -LL • <br />•,_,�� 0� t:;� of .Section <br />i 6unshi <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort= <br />gage lien ion 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.securi transaction or instrument heretofore or, hereafter rising against the <br />,,,structure or realty on which `itis placed, unti <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 Comm�odity,Gredit Corporation through foreclosure 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 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 />IT`] 11 fIIIII <br />�f <br />/1 �7 n.c�.. 1% �� .•�u� w v BY_ <br />IGNATURE' OF BORROWER) ,� <br />Manager <br />DATE t ! t/ DATE <br />(SIGNATURE OF BORROWEERS SPOUSE) <br />DATE �'�I �1 DATE <br />AGRI -WASH <br />iRIT 1` rE'[TAL LIFE INSIJIIVcr,, Coil'CtAY1 <br />of aN R nSN HgLDER) <br />(OWNER OR LIENHOLDER) <br />