|
SEVERANCE AGREEMENT
<br />RP 1(;FC
<br />SERIAL NO.
<br />Whereas, 0. Conn of
<br />R. . >..., .., .. . , ... _ . .
<br />NAME OF BORROWER) (ADDRESS)
<br />County of H- 1.1 i e State of R] kn hereinafter` Balled' °the 11%1 +3 wer"
<br />_ .i•, ,
<br />has applied to'the 6,?Mn0dity edit~ orporation,for a, loan or, for the•guafantee of a loan qr,,>t bgipu.r Fpse
<br />purchasing•and erecting or constructing the following storage structure, to -wit:
<br />— TYPE.
<br />KIND (WOOD, STEEL, ETC.)
<br />CAPACITY (BUSHELg'aQB¢TONS)
<br />w
<br />on the fo.11owi• desc .ibed real a tate situated in the County o,f --� '
<br />State of 1. 021 /
<br />,� of tke -of SSCtion
<br />s
<br />Township _.� .,._._. tpemg,s
<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 structu e:
<br />anti said lien of the Commodity Credit Corporation is repaid
<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 s}tali 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 whieh =ix 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 immedately_belgw their re-
<br />spective signatures:
<br />THE EQUITABLE LIFE A1�{;):�
<br />OF THE URiTT�b.
<br />(SIGNATURE OF BORROWER) .,� OWNER �Ci:DE
<br />F1.1 1' S On
<br />DATE ma BY
<br />Grace ." Tc
<br />/, / `�?i lines
<br />p (S GN T E OF BORROWERS SPOUSE) (OWNER OR LIENHOLDEWJ
<br />74TF (si.�YO,• -xv �i1; "�'L ->rv� DATE _ June 3rd. 1.959.
<br />STATE OF NEW YORK
<br />ss.
<br />COUNTY OF NEW YORK)
<br />On this 3rd _day of June 195_, before me, a notary
<br />"> public in and for said County and State, personally appeared Ell FeMuson
<br />and Grace W. Jordis to me personally known to be the
<br />Vice President and Assistant Secretary of
<br />THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES, the corporation described in and
<br />that executed the foregoing instrument having authority to execute such instrument, who, being each by
<br />me duly sworn, did say that they are respectively the Vice President.
<br />and Assistant Secretary _ of the said THE EQUITABLE LIFE ASSURANCE
<br />SOCIETY OF THE UNITED STATES, and that the seal affixed to said instrument is the corporate seal
<br />of said corporation, and that.said instrument was signed and sealed in behalf of said corporation by
<br />rautC�3yQf its. Board of Directors; and the said Eli Ferguson and
<br />"gy •y s� �` ; i 919 Qrace W. Jordis acknowledged that they and said corporation exe-
<br />o.. ufei�* e„4,ci"s. irmtrument as their free and voluntary act and deed and as the free and voluntary act
<br />FM) -595
<br />i t� p4iation for the uses and purposes expressed.
<br />hand'and notarial seal the day and year last abov` written.
<br />.HELEN MEHAb..CO '
<br />Notary Public, 4tate of N• -gw,York, No. 3J.788466
<br />Qualified In Now...York County
<br />Term cpire5,lKa[eh,3p,. -1900
<br />
|