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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORP'U4AT -ION TORAA 297 COMMODITY "STAPTLIZA-rION 5ERVICE. <br />(6.1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />S TTAT /� .... <br />1 / <br />SERIAL NO. {/ <br />—Q <br />COUNTY / <br />Whereas, � — . <br />'OF BORROWER) TADDRBSS) <br />County of_ f/ State of .inafter called the "Borrower" <br />has applied to the Commodity Credit Corporation for a loan.or for: the guarantee of a loan foi= the purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />. _-) TY P E <br />KIND COD, STEEL. ETC.) <br />CAPACITY (BUSHELS- OR TONS) <br />Z-2 6 <br />on the fo o gscribed reo -estate situated in the County of <br />State of c z�G' -�i'; v S 1' Section, <br />on the �'Z�o� the � o� <br />' T0,;n <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 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 />/( II /G /NATURE OF BO l <br />fRROR) <br />DATE• <br />, <br />(SIGNATURE OF BORROWER SE) <br />SP U�S /E /) 1 <br />DATE ,� <br />(OWN,ER OR L/I /E,NHOOjLDER) <br />DATE %rte - <br />DATE <br />OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRINTING OFFICE! 1958 0 - 490699 <br />