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COMMODITY CRIED Ir U. S. DEPARTMENT OF <br />AGRICULTURE 9E? coui - <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />16 =t =66i "COMMODITY CREDhi CORPORATIONV, -a <br />__ <br />SEVERANCE AGREEMENT SERIAL NO /-/ , -6� <br />JINAME OF BORROWER) (ADDRESS) <br />County of !� --! •' �; •Sta-te of ereinafter called the "Borrower" <br />has applied to tbe`Commodity Credit Corporation for ,a loan gr;for the guarantee of a loan foF•'the "piirp�ose <br />purchasing and erecting or - constructing the following storage structure; to -wit: <br />on the following described real estate situated in the County of <br />State of on the 113" f the of 5ectior <br />To vinship Fxzige, <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 opp Lion 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 />GNATURE OF BORROWER) <br />DATE y DATE <br />(SIGNATURE OF BORROWERS SPOUSE) <br />DATE -`J DATE <br />OWNER OR LIENHOLDER <br />(OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRINTING OFFICE- 1958 O - 490699 <br />