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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE srq E ~ <br />CORPORATION FORM 297 - COMMODITY STABILIZATION SERVICE couN <br />(6 -t•56i _ , CAMMODI,TY• CRED.IT,.CORB.ORAT.ION <br />SEVERANCE AGREEMENT sEkr "4` "o <br />Whereas, „ of i <br />A OF B RROWER) 47- .., ,. ADDRESS.), - <br />County Of. <br />CU . •�� <br />, 'State of . <br />reinafter call ed the "Borrower" <br />has applied to 'the Commodity Credit Corporation fora loan or for the guarantee of�a loan for the pugose <br />purchasing and erecting-or constructing the following storage structure, to -wig:. <br />TYPE KIND WOOD, STEEL. ETC.) CAPACITY (BUSHELS OR TONS) <br />on the folgw`� cribed.re estate situated in the County of <br />State of <br />-�on the ./ of the w of Section <br />. Towwnsh p Raz ge <br />_. <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 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 sign ture�: <br />le <br />,OFBORROWER) DATE DATE <br />(SIGNATURE OF BORROWERS SPOUSE) (OWNER OR LIENHOLDER) <br />DATE <br />DATE <br />AGRI -WASH <br />