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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE _ <br />CORPORATION FORM 297 : COMMODITY STABILIZATION SERVI.�:,E—Iti -t -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />Whereas <br />of <br />COUNTY <br />ERI AL NO. 9 -�� --�� <br />(NAME OF BORROWER) - 'r <br />(ADDRESS). <br />County of State ;of einafter called,.the " Borrower" <br />has applied to the Commodity Credit Corporation -for a loan or for -the guarantee of a loan for' tEe purpose <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />_ TYPE <br />KIND OOD, STEEL, ETC.) <br />CAPACC 1 T*Y BU LS OR T'N S) <br />�E <br />on the fo ing #scribed reel estate situated in the County of <br />State of � � on ther3 axul of the of Sectior. <br />' T'c:msliip Raznge_ t' f <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 signatures: <br />j (SI GNATURE�O�F BORRO) <br />DATE <br />�WER <br />— r <br />(SIGNATURE OF BQRFMWERS SPOUSE <br />DATE <br />(OWNER OR Lf ENHOLDER)) ! <br />DATEI . F7`J t, . <br />DATE <br />OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490599 <br />