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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE COUNTY s <br />CORPORATION FORM 297 COMMODITY STABILIZATION - SERVICE.,, _ „ > ;. <br />SEVERANCE AGREEMENT SERI "` "o` <br />Whereas, w .`//> / z.14 , of <br />!2: —F BORROW R) 'C_- (ADDRE S) <br />County of i ,. State of hereinafter called the "Borrower" <br />has applied Co the - Commodity Credit Corpoia'tlon 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 I KIND (WOOD. STEEL. ETC.) <br />CAPACITY - (BUSHQLS,OR TONS) <br />on the following described real estate situated in the County of <br />of Section <br />State of` 'L� _: on. the ... of t:�s t . Y <br />Tosanslzip fl Page jZ. <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 aild -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 in§trument 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 renew.al 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 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 CreditCorporation'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 1- 3ORROWER) <br />DATE ��' <br />(SIGNATUREOF BORROWERS SPOUSE) <br />DATE ( u <br />XkUWNLR LI ENHOLDER <br />DATE 9 <br />DATE <br />OWNER OR LIENHOLDER) <br />aU. S. GOVERNMENT PRINTING OFFICE' 1958. O - 490699 <br />