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COMMODITY CREDIT ' U. S. DEPARTMENT OFAGRICUI:TURE srtitE ;.'.couNT =` <br />CORPORATION •FORM 297 COMMODITY STABILIZATION SERVICE > <br />16= 1 -Sa)' _ COMMOD'I'TY 'CREDIT CORPORA t t °ON <br /><; <br />SEVERANCE AGREEMENT SERIAL " °' <br />Whereas, f <br />BORROWER <br />N OF ) •" "'"(JI DbI2ESS�% '„ <br />A. <br />County of 4 State 'of /!' "`hereinafter cared "the f'liorrow�r ". <br />has applied •.wo the•- .Commodity. Credit Corporation for as loan of for.the guarantete .oi' a loan £or he,:purFose <br />purchhs ng'and a octirrg'or' con §trtticCing t'he fo41ow•ing s•tio'rage "sttu6tnre, tb =wit. �f <br />TYPE KIND (WOOD. STEEL. ET .) CAPACITY (BUSHELS OR TONS) <br />on the followin e'c ed real estate situated ` inEhe' - County of <br />State of : -err the � of tl�e 4 of Section <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a rt- <br />gage lien on said storage structure: <br />Now,'there'fbre ;, 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 `f ur?�a<or.6 part;of the <br />real estate., aqd, _ .. . <br />3. Sh'all`got 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, unp, , <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 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 acquisitioo by.Commodity, Credit. Corporation at no expense to Commodity. Credit.Corpor.ation. <br />In witness whereof, the undersigned have executed these presents on the dates immediately below their re- <br />spective signatures: <br />;�, <br />(,S+IGN )gURE OF BORROWER) (OWNER OR LIE LD <br />DATE l/ �N �� 0 DATE <br />IGNAT E OF BORROWER SPOUSE) (OWNER OR LIENHOLDER) <br />DATE U-� -/ L - �� DATE <br />AGRI -WASH. <br />