Laserfiche WebLink
;;;COMMODITY CREDIT U. S. DEPARTMENT_OF AGRICULTURE _ STS - <br />COUNTY <br />CORPORATION � "FORM'p97 "COMM'ODITY"STAEI LEI Z. T ION' SER�I-CE "- - - - - <br />(5 -1 =5 @2 :..... COMM40I ..T_Y..CREE).i :r:_.CORPORATiON. .... M <br />SEVERANCE AGREEMENT SERIAL NO <br />Whereas, - <br />A E BORROWER) (ADD.RES.S).. <br />= County of-" <br />State 'fli a nafter called th' ' °Rorr6we' " 1. has, applied.,tote- Comm6`4ity Credit Corporation for a loan:.or _for the guarantee of a loan f' �the..pu��- `- <br />puFchasing. and .erecting or, constructing the '.follewing storage structure, to -wit`. <br />TYPE KIND 0 D. STEEL. ETC.) CAPACITY '(`BUtyEI'S,pg.,YopSJ <br />on the folly ing escribed. Rpal estate s I in the County of--oft—t" G� <br />State of [' <br />s " P i s Range L <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. 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 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 />�Y <br />(SI GNA' OF BORgDWER) (OWNER LI ENH DER) <br />DATE 7/j <br />DATE - <br />SIGNATURE OF kpRHUWER5 SPOUSE) <br />! s 4S <br />C _ ' (OWNER OR LIENHOLDER <br />DATE <br />DATE - / <br />AU. S. GOVERNMENT PRINTING OFFICE: I -- <br />