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.- COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE s ATE COUNTY. <br />CORPORATION 'FORM 297 COMMODITY STABILIZATION .SERVICE cif <br />(6- 1 -561- ; COMMO.D.LTX CREDIT - CORPORATION <br />SEVERANCE AGREEMENT SERIAL NO. <br />v a <br />Whereas, r f <br />NAM OF BORROWER)" (ADDRESS) <br />Count <br />4 <br />_y.of� State of ���h�teina£ ter called the 'To rrower" <br />has applied :to 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; to-wit- <br />TYPE <br />KIND (WOOD. STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />on the following described real estate situated in the County of <br />State of /'!_ ✓�_= .� - rL / Oil the <br />of the of Section <br />To�rrtship <br />�. <br />and, <br />Whereas the borrower has ags eed to give Commodity Credit Corporation or its approved lending agency a mart- <br />gage lien on said storage structure: <br />Now, therefore, the parties heTet.o"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 dot 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 hereto7ore 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 opption 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 />s ctive signatures <br />(SIGNATURE OF BORROWER) <br />DATE <br />DATE <br />IGNATURE OF BORROWERS SPOUSE <br />DATE <br />(OWNER OR LIENHOLDER <br />OWNER OR LIENHOLDER <br />
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