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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE JSTATE // COUNTY <br />CORPORATION FORM -- 297-•- COMMODITY-,-S•TA•Bli- IZA•T(ON -SERVICE <br />16 -1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT SERIAL N0. - OW <br />r <br />Whereas, of - - <br />AME F QO,RROWER)- , (ADORES$) <br />County- tate Of hereinafter' called` the "Borrower" <br />has a plied...to the, Cprrmoci y Credit Corporation, for a loan or, for the guarantee of a loan fora ,the pui� ose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />TYPE A <br />KIND (WOOD. STEEL. ETC ) <br />CAPACITY (BUSHELS OR-TONS) <br />F <br />on the followi des i d real estate situated in the County of— — <br />State of on the _ o- Section <br />ownchi p. <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 tbrough 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 />(S I GNATU F BORROWER) <br />DATE — <br />(81 GNATURE,•�FF BORROWERS SPOUSE) <br />C- �Tir� <br />TE <br />DA <br />Ac RI-WASH <br />t'� (OWNER 00 C I ENI+OLDE'R) � <br />DATE <br />DATE <br />OWNER OR LIENHOLDER <br />