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COMMODITY CaED) T _ U. S. DEPARTMENT -•OF AAGR 1 CULTURE: <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />16-1 -56) COMMOD i TY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />Whereas, <br />E <br />RIAL NO <br />(N ME OF BORROWER) <br />County of� , State of e <br />has applied .tom the Commodity Crede "Corporation for a loan or for the gi <br />purchasing and erecting or constructing the following storage structure, <br />Ct/—' 6) <br />(ADDRESS) <br />Geinafter called the "Borrower" <br />rantee of a loan for the purpose <br />to -wit: <br />_._ TYPE - <br />KIND ( .. D, STEEL, <br />CAPACITY ,(BUS'Hr LS- O'R TONS) <br />i <br />on the following described real estate situated in the County of <br />State of on the Y�- of the of Section. <br />1 r, Township <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. 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 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 signatures' <br />(SI TURE OF BORROWER) <br />DATE <br />:(SIGNATURE OF BORROWERS SPOUSE) <br />DATE. <br />DATE <br />DATE <br />OWNER OR LIENHOLDER <br />OWNER OR LIENHOLDER) <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490599 <br />