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COMMODITY CREDIT <br />+ CORPORATION FORM 297 <br />(6 -1 -56) <br />Whereas, <br />U. S. DEPARTMENT OF AGRICULTURE <br />COMMODITY STA,O I L,I,Z4T I QN_.S,,,EBV (CE <br />COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />-leelq <br />SERIAL NO. <br />of'C <br />COUN <br />0 �// <br />k In OF- BORROWER) (ADDRESS) <br />County of State of 001, hP inafter called the "Borrower" <br />has applied to 6e 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 />mil' 9 Township Range_ IlC , 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 he sabject to the lien of any security transaction or instrument heretofore or hereafter rising against the <br />structure or realty on which it is placed, untif, <br />(a) Tlir,• expiration of Commodity Credit Corporation's lien and any extension or renewal thereof; and, <br />(b) Until repayment of said loan. <br />4.'kShall; if acquired_by Commodity Gredit Corporation throwgh foreclosure. or other- means, at the opption of. the: Commod- <br />ity Crenit 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 />sneCtlVe siePatureS <br />I <br />(SI /�;NP.-URE OF 60RROWr <br />DATE <br />(St - ATURE OF PO <br />RROWERS SPOUSE) <br />DATE "� — - - - /_ -- <br />( (OW. F.R OR L ENH01_DER) <br />DATE __ -- <br />((OO�OWNER OR LIFNHOLD[R) <br />DATE <br />G-U. S. GOVERNMENT PRINTING OFeTCF.: lost' „ _ 110699 <br />