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n " ^ _OLIN TY�Y y <br />SEVERANCE AGREEMENT sEel "L No. <br />r <br />Whereas <br />of <br />_ <br />(AOQRESS) - -. <br />County 8j State of – he ina fter called trite Rower` " %: <br />hasplio the�Cortm�d�CFE�cxGCorpoiaton, for, a loan ar for% the.- guarzntee of a,.ioan. far`, +he pur�'o <br />purchasing and erecting or constructing the following.storage structure, to wit: r <br />TYPE <br />KIND No STEEL. ETC.) CAP ACITY +(t;ust(�c ry?sy <br />on the <br />State <br />and, <br />Whereas the borrower has agreed to give.Commoditffredit 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. 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 lido of any secuHty 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 CreditCorporation'-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 Gredit.Corporation remain on the- above described real estate for a period not. to exceed six (6) months after the <br />date of acquisitionby Commodity Creait'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 />tR ' "..emu —✓ jv" / <br />( IGNATURE OF BO WER) J i� W R <br />DASE DAVE (/�tJJ <br />a <br />3 <br />(SIGNATURE OF BORROWERS SPOUSE) _ 0 ER ENHOLpER) <br />DATE DATE - <br />irU. S. GOVERNMENT PRINTING OFFICE' 1958 O - 49pyy,," <br />