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R <br />a <br />COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATEI COUNTY <br />CORPORATION 'FORM 297 COMMODITY STABILIZATION :SERVICE - Jf <br />" "''16- KSS)"' -^ .. • COMMODITY''CRED'I'T`CO'Rp'0'R�(T1S5KI;.� . <br />SEVERANCE AGREEMENT SERIAL-NO. <br />Whereas, of•.. <br />NAME OF BORROWER) ADDRESS) <br />Count of '�° , ., ; _ •. .,, _,�� , r . <br />Y .State of 'lierexnafter cal'led the•, "Borrower" <br />has applied•.to�,the Commodity Credit Corporation for a'lo ;•or,foi the guarantee iaf a 3gan for the'purFose <br />puro'hasing! and ereI&i ng or consttucting' the "following s=torage structure, to witi'' <br />on the follo • g described real estate situated he CC o`f• <br />State o f the : .oy ^ the of Section <br />.. , �. (� ' 'l'Gh:1$l11'iD l d ... :',c'•.__ e . <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 Trot become fixtures or a part of the <br />real estate; and, <br />3. Shall'not be subject to the lien, of any securi transaction or instrument heretofore or hereafter rising against the <br />_.structure or realty on which it is placed, unti�,. <br />(a) The expiration of Commodity Credit Corporation's lien and any extension `orreziewal.thereof; and, - <br />(b) Until repayment of said loan. <br />4. Shall,- if acquirea 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 />spective signatures: <br />�_Yoq_� 0, n,UILI�11 -Z <br />(SIGNATURE OF BORROWER) <br />DATE DATE <br />(SIGNATURE OF BORROWERS SPOUSE) <br />DATE <br />DATE <br />AGRI -WASH <br />d/ (OWNER O R,,.L I ENWOLDER) , <br />OWNER OR LIENHOLDER <br />