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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE s r <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />16-1 -561 COIVIMODFTY`CREDIT CORPORATION' <br />SEVERANCE AGREEMENT SERIAL No: <br />Whereas, <br />NA-ME OF <br />of <br />ADDRESS) <br />COUNTY <br />County of State of hereinafter 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 />KIN (WOOD. STEEL, ETC:) <br />CA$ACI•TY< (BU.S44ELS O-R, TONS) <br />on the foll ing de cri'bed reE situated in the County of <br />rd <br />State of --?— on the IV Al F � DLO th� 4 of Section <br />Township C� Range ,'° �� <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 bhat 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) Latif repayment of said loan. <br />4. Shatl;,if ac,uired by C_ommodity.Credit Corporation through foreclosure or other means, at the option of the Commod- <br />ityX ;edit Corporation remain on the above described real estate for a period not to exceed six (6) months after the <br />date-o? 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 />1 <br />Gf .TURE OF BORROWER-1 <br />DATE l <br />r <br />�"�• (SIGNATURE OF BORROWERS ,SPOUSE) <br />DATE '.... <br />DATE <br />DATE <br />OWNER OR LIENH01_DER) <br />OWNER OR LIENHOLDER <br />*U. S. GOVERNMENT PRI \TLNG OFkICE: 1956 O - +90699 <br />