Laserfiche WebLink
FOMMODITV CREDIT - U. S. DEPARTMENT OF- °AGRICULTURE. ST couNTY +_ =` <br />CORPORATION FORM 297 COMMODITY - STABILIZATION SERVICE - - - - - - <br />(�� -ss) COMMOO -i rr °> Et�1 T =eon q»a rera :: ° z � <br />SEVERANCE AGREEMENT. sE _I AL No <br />Whereas, of <br />AM OF BORROWER.) - ;,t» ,r - - "k ' <br />County pf - . ate of ' W z f. c �le t1re RgF-,rower" <br />has applied ,tcr: he ( noxla>;y.Cred> t.Cgrpoza on F_ or -ca Qai =vr for the.- guarantee. of a;loan•fiiV' the purpose <br />s <br />purchasing' and erecting or 'corist�uct7rig the fdilowi°ng storage structure; -1 to�wi> <br />on the fol'' i scribed real state ituated in the ounty of - <br />State of__'(���-= Gt,Q�/oz2 the of the ... _. o`Stior_ <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort- <br />gage li4in ;8n 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. lien of any security transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which if 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 opption 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 OF BORROWERS SPOUSE <br />DATE <br />DATE <br />DATE <br />OWNER OR LIENHOLDER <br />(OWNER OR LIENHOLDER <br />AU. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 - <br />