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COMMODITY CREDIT U.. S. DEPARTMENT OF AGRICULTURE srA <br />CORPORATION FORM 297. _COMMODITY. $ T. Q?I�LZAT .1(>AL.- 4E,@.Y..ICE__..,,.,._. <br />16 -1 -56) COMMODITY CREDIT CORPORAT -tON� _ /c i <br />SEVERANCE AGREEMENT <br />SERIAL N <br />COUNTY <br />Whereas, ,P of <br />ME F BORROWER) (ADRRESS) <br />County of JC _ .,, . tale �f_ ..hereina'ft ez eaIled the "Borrower" <br />has applied .to the Corirriodity 'ted>E &05b; M'9n,t'or,a loan or .foI;�z a @�o ,a, o pp •for , . ., the purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />E KIND ( 0 / STEEL, ETC..)) CAPACITY (BUSHELlt9f `- -TONS) <br />4 <br />on the fo.l es, ibed real- state situated in the1 County of " <br />�+� 7 <br />State of L' —pn th the of l . 1 <br />of Section <br />Township / T. ;-age <br />and, <br />Whereas the boprow•er 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'herefo 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 />stiucture or'realty on which it is placed, until; - <br />(a) The expiration of Commodity Credit Corporatiop'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 Corporationat 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 <br />i <br />` (SI TURE OF B(JRR R) <br />uA�E t <br />SIGNATURE OF BORROWERS SP USE) <br />7 <br />DATE \ :� <br />l, <br />(OWNER OR LIE HOLDER) <br />DATE <br />TiiE PRUDENTIAL L ='R,1NCE CU. p �' 4F MERICA <br />. ^(OWNER OR LIE DER) <br />DATE <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 0 - 490699 <br />