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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE
<br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE
<br />ON,
<br />SEVERANCE AGREEMENT
<br />Whereas,
<br />of
<br />STATE COUNTY
<br />SERIAL NO.
<br />((NAME OF BORROWER)
<br />County of/ • df erei n6f t called. the "Borrower"
<br />* _�,e .7c, -, .. ,. . . 111. .
<br />has applied .6�7`the Commodity,ci wars - f
<br />�t, Qorp' ta �ion. fora �a T f.a ,i.oan for the purpose
<br />9� 06 �. rafite6 P
<br />purcha�sing,andi•.erecting or,6onstirdcting > the_ following- storage, strxActure, :torwit:. i.l
<br />on the following demilbed- real es,t`ae,,e situated in� the County of
<br />State of ;Dn Section
<br />tho of t-0 Z o
<br />' ohi-
<br />n p_ I—, nerct_
<br />and,
<br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort-
<br />gage lien tin said storage.-structure:
<br />until said lien of th e Comodity Credit Corporation is repaid
<br />Nowi_..there-fore, the parties hereto., do.covenant and agree thar/ such structures an 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 beret . ofore or hereafter' rising against the
<br />structure o I r realty on which it is plao;ed, until,
<br />(a) The expiration of Commodity Credit Co. rporati'on's lien and any extension o I r renewal thereof; and,
<br />(b) Until repayment of said loan.
<br />4. Shall; ;if acquired by Commodity, CKedi,t Cgrp,orationthrough 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 qf a,.cquisitiqn 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 />THE EQUITABLE LIFE ASSURANCE, Y.T UNiUNITED T
<br />(SIGNATURE OF BORROWER)'
<br />DATE
<br />OF BORROWERS SPOUSE)
<br />DATE l'i I�Z4- k
<br />AGRI-WASH
<br />DATE
<br />TYPE
<br />KIND (WOOD, STEEL'. ETC.)
<br />CAPACITY (BUSHELS OR TONS)
<br />on the following demilbed- real es,t`ae,,e situated in� the County of
<br />State of ;Dn Section
<br />tho of t-0 Z o
<br />' ohi-
<br />n p_ I—, nerct_
<br />and,
<br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort-
<br />gage lien tin said storage.-structure:
<br />until said lien of th e Comodity Credit Corporation is repaid
<br />Nowi_..there-fore, the parties hereto., do.covenant and agree thar/ such structures an 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 beret . ofore or hereafter' rising against the
<br />structure o I r realty on which it is plao;ed, until,
<br />(a) The expiration of Commodity Credit Co. rporati'on's lien and any extension o I r renewal thereof; and,
<br />(b) Until repayment of said loan.
<br />4. Shall; ;if acquired by Commodity, CKedi,t Cgrp,orationthrough 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 qf a,.cquisitiqn 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 />THE EQUITABLE LIFE ASSURANCE, Y.T UNiUNITED T
<br />(SIGNATURE OF BORROWER)'
<br />DATE
<br />OF BORROWERS SPOUSE)
<br />DATE l'i I�Z4- k
<br />AGRI-WASH
<br />DATE
<br />
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