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• d: <br />COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />16 -t -56) COMMODITY CREDJx CORPORATION <br />SEVERANCE AGREEMENT <br />Whereas, 1.:, • / /ff�� , of: <br />1/ M6yOF BORROWER) / <br />SERIAL NO. <br />(ADDRESS).. <br />COUNTY <br />County of - - `liF1/ -� - ,- State oft after called thy, "f?,o•s,rgwer" <br />has applied to the Commodity Credit Corporation for a loan or for the guarantee of a loan,,,for''.khe pur,Fose <br />purchasing and erecting qr constructing the following storage structure, to -wit: <br />TYPE <br />KIND' 00 , STEEL, ETC.) <br />CAPACITY' (BUSHELS.OR TONS) - <br />on the following describe real estate situated in the County of -7y ma <br />State of ' ?q :on the_ of the �, f", Section <br />— Of 6C lOY <br />Z 3 , Toemehip / D pa,: age <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, 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 sienatures: <br />( IC-NATURE OF B /OR OW`ER) <br />DATE <br />(SIGNATU E OF BDR OW ER SPOUSE) <br />DATE <br />i <br />(OWNER OR LIENHOLDER) <br />DATE <br />t <br />DATE <br />OWNER OR LIENHOLDER <br />oU. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />OAF <br />