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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />fi7RPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />COMMOD 17Y CRIED I T -. e@RPORAF"I -ON <br />SEVERANCE AGREEMENT <br />SERIAL NO. <br />Whereas, of <br />ME OF BORROWER) - - - CAbDRESS) <br />County of State "of_ ereinafter',called "the "Borrower" <br />has appl ed.,.tor the. Commodity:Credi,t Corporation for a loan `ar: for the guarantee of a loan- for the purpose <br />purchasing and" erecting orvonstruet'ing the "following °storage -`structure,," to -wit: <br />TYPE KIND OOD STEEL. ETC.) CAPACITY.(BUSHELS -CR TONS) <br />couNTr��7 , <br />on the folio de scribed real state situated in the County of�� <br />State of U' - on the S' % � of the S_� w' of Seotior <br />. e <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 W 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 BORROWER) <br />`J <br />DATE DATE <br />i <br />r <br />11NATURE OF BORROWERS SPOUSE) <br />DATE — J^ DATE <br />V <br />OWNER OR' LIENHOLDEIi) <br />OWNEO OR LIENHOLDER <br />RC. S. GOVERNMENT PRINTING OFFICE- 1958 O - 990699 <br />
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