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LUMMODITY CREDIT <br />Co RPO RATION -- FORK-297 .. ... <br />U;: S. DEPARTMENT OF.AGR.ICULTURE <br />COMMODITY STAB I U- ZAUON_.£ERV ICE <br />.COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />.. ..I ST... .. _ COUNT. <br />SERIAL NO. <br />l <br />NAME OF BORROWER) _ (ADDRESS) <br />County of State of ~ <br />' >?�einafter called the "Borrpwer" <br />has applied .to the Commodity Credit Corpora£ion. for ,.a loan,or )1 for '.t e� <br />:- guary tee of a loan for the purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />on the fol ing e:scri.bed r 'T estate situated, in the County of _._ <br />State of. '- -011 Me <br />of :the of - Section <br />Towsship__? range c� <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a moand, <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 He* 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 F BORROWS ( / YC <br />DATE !� <br />�SI GNATURE OF BORROWER PO SE) <br />DATE _ <br />DATE <br />DATE <br />OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />