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iI <br />ncrvl yr AVM1,- ULIUKt <br />CORPORAT 60N. FIDRN_ 29.7. C.OMMOD I TY STAP {•LJ -ZAT -ION • ERV I CE <br />(6 -1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />eA SE <br />SERIAL NO. <br />COUNTY <br />Whereas, -` ( �' �%ti�1.- i7'L�� -fi �, of 3____ <br />NAM OF <br />BORROWER) (ADDRESS) It <br />County of � / State of 46•� einafter called the " Rorrower" <br />has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan for the purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />TYPE <br />KIND (Woo STEEL•; ° ETC. )' <br />CAPACITY --(BUS+4EL5 - -6R TONS) <br />on the foll de, ribed realeW tate s teated in the County of - <br />State of e "`� ��''� T % r 1 f <br />— on the Y the w <br />?/ of of Section <br />9 Township /, Range <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 />rea.l'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 />I. Shull; 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 tQ Co- mmodity Credit Corporation. <br />In witness whereof, the undersigned have executed these presents on the dates immediately below their re- <br />spective signatures:` ` <br />Vii` <br />(Sit A. /TTU -RE OF PORROWERS SPOUSE) <br />DATE: <br />(OWN EP. OR LIENHO0 DER) <br />DATE —e� � / -- <br />-- Y <br />C (OWNE 0 LI ENHOL DER) <br />DATE C l V <br />217. S. GOVERNMENT PRI \TNG OFFICE: 1958 O - 490699 <br />