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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY <br />::O RP ORATI ON FORM 297« ._� COMM.OQJ.TJ:.. S TAB (._.(. ZAT LOU. SERU. LC��..y..•. .., ...en .. .�„�.. .,. <br />(bt -56) COMMODITY CREDIT CORPORATPON•;" <br />SEVERANCE AGREEMENT SERIAL NO. ) <br />Whereas, o f <br />ME OF BOPROWER) (ADDRESS) <br />County of e_ reinaTVWf�daIIed the "Xiorrower" <br />has applied to the Co'_ modity,CFedit Cto poratiori,1(• a s i <br />,gyp s J;,)9an.or, for: t}io guaFantee ;ofra,Xcp gr;tlxe:.purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />TYPE <br />— KI (WOOD. STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />on the fol� /n�g �dd sc�ribed real stake situated in the County of <br />State of —L`-- <br />—Dri • tie of tihe % . A. of: Section <br />f , Township /I Ranges l <br />and, <br />Whereas the boTrower,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 coven a "rit "aiid­ 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 />V <br />3. Shall not be suls}ert to the lien of any security transaction or instrument heretofore or hereafteryisingagainst the <br />structure or'realty on which it is placed, until,,. • =z <br />(a) The expiration of Commodity Credit Cnrporation's lien and anyextension or-renewal thereof; and, <br />(b) Until repayment of said loan. <br />4. Shall, if ac' <br />cquired by Commodity Creaft Corporation tl'rou ^h 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 />�ateof acqursrtian 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 siPmatures: <br />(SIGNATURE OF BORROWER) �. <br />JN,t_ <br />SIGNATURE OF BORROWERS SPOUSE <br />;,ATE <br />(0 ER OR .L ENHOLD R <br />_. DATE -. <br />-J <br />(OWNER OR LIENHOLD R <br />DATE <br />*`U. S. GOVERNMENT PRINTING OFFICE: 1958 0 - 490699 <br />