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COM•SbDITY CREDIT U.. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FOW 29.7.. COMMODITY ._.STABl.LlZAT44;NW- &ERVI -CE <br />COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />ST'A /y�Q F OUN TY <br />r.a. <br />SERIAL NO. �- <br />4�1 Via <br />Whereas, jai t'_z , of <br />N M F BORROWER) - (AD3,%ESS) c <br />. . <br />County of Sr>ate -of -f inafter called tle " 9orrowe-r" <br />has applied..to'th`e Commodity re'dit Corporation fgF,a,l .og �> •thy ?gua,� Gesvof a loan for theOpulpese <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />1 I/ 'I,I <br />TYPE <br />KIND OOD, STEEL, ETC.) <br />CAPACITY (BU SHEL�- s0i7 -: TONS) <br />4_1v <br />nd <br />on the follo g de -ibed real' state situatedin, he CPu9ty. of <br />State of -� t.�1G': f Of ?$ 5@@ .tion <br />Township Range._..... <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. Fven 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 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 Corporailz W 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 />�i (SIGNATURE OF BORROWERL -. ��. <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 0 - 490699 <br />0 <br />