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COMMODITY dREDIT U.-. S. DEPARTMENT OF AGRICULTURE A E COUN <br />CORPORATION FORM. 297-. COMMODITY STABILIZATION, -SERViCE <br />16 -i -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT SERIAL N0. `/ ' `- <br />7 el = �E -. �113 <br />r 1�f <br />Whereas, a­Q/ i- Q / , of - <br />NAME 1001 (ADDRESS) _ <br />County of State of ereinafter_ called the "Borrower" <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 00 TEEL, ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />� <br />on the fo win escribed r l estat.q situated in the Count of <br />g , J Y — - <br />State of V Z �C �V ; <br />— on the of the of, Sector. <br />- 9 Township -- ha. -nCe <br />�T 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. Fven 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 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 to Commodity Credit Corporation. <br />In witness whereof, the undersigned have executed these presents on the dates immediately below their re- <br />spective sipnatures: <br />The Federal Land Bank of Omaha <br />r <br />•,� � By d Island N tional Farm Loan Asn'n.,Agent <br />(SIGNATURE OF B RROWE - p/ L B <br />r OWNER O NHOL DE R) <br />y � ,ecretary- Treasurer <br />DATE DATE /y �SeptemlD� 8, 1959 <br />(SIGNATURE OF BORROWERS SPOUSE) <br />DATE <br />DATE <br />(OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />