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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION 'FORM -297 COMMODITY°STABIU ZAT10N SERV1- CE`_,:.. <br />(6•t -66) COMMODITY CREDIT CORPORATION - <br />SEVERANCE AGREEMENT <br />STATE <br />SERIAL NO. <br />COUNTY <br />Whereas, of <br />IE 0 - BORROWER) 5 ,.- �(A. _ <br />County of V ;State of--= .. hereinafter called the,; "1?orrq,wer' <br />has applied to the Commodity Credit Corporation for a loan: or for the guarantee of a loan 46r -'0- purpose <br />purchasing and erecting or construct -ing the following storage structure, to -wit: <br />TYPE _ KIND (WOOD, EEL, ETC.) CAPACITY (BUSI�LS DR TONS) <br />- -- -� - - -- <br />I -- <br />on the.' followin2scr d real estate situated in the County of <br />State. of y —: on the of 't. e y 0" sact or <br />'i'ou �lzip % r p _nE, F <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a ; and <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 option 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 />OF BORRO <br />A URE WER) <br />DATE .( <br />t[J (SIGNATURE OF BORROO ERS SPOUSE) <br />DATE GL <br />i <br />WNER OR LI,ENNHOLDERR)) <br />DATE�� <br />DATE <br />(OWNER OR LIENHOLDER) <br />'.+U. S. GOVERNMENT PRINTING OFFICE- 1958 O - 490699 <br />
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