Laserfiche WebLink
cUMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(6t -sel COMMODITY CREDIT CORPORATION <br />Whereas, <br />SEVERANCE AGREEMENT <br />E OF BORROWR) <br />COUNTY <br />NO. <br />SERIAL <br />i jz <br />of <br />County of_ i .i'.., State of hereinafter called the "Borrower" <br />has applied•..to1 the Commodity Credit Corporation for a.loan or for the guarantee of a loan for'the purpose <br />purchasing and erecting or constructing the following storage structure, eb -.wit: <br />TYPE <br />KIND '(WOO D_ STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />on the following described real estate situated in the County of k <br />State of % /_: A -.- - - <br />- - -- on the of the '%% w of Section <br />Town <br />ship <br />rRa -rage <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 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 />(SIGNATURE OF BORROWER).__— __— _.______ <br />.� (OWNER OR LI ENH GL DER) <br />DATE / �Z ✓ —1 �' <br />�/ 7 <br />/ - -- _ —__— DATE <br />-- �- D -. _ <br />SIGNATURE /0 BD RRO WE R S P SE E ) ---------------- . - -_... <br />- (OWNER OR L!ENHOL DER) <br />;i <br />DATE DATE - - - - -- <br />