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r <br />' COMMODITY CREDIT U.,,_,S.;, DEPARTMENT OF AGRICULTURE STATE COUN <br />CORPORATION FORM 297 COMMOD I TY STAE I L I Z,4P7by' SERV <br />16 -1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT SERIAL NO. f_n /J <br />Whereas, of <br />- <br />ME i� <br />ME OF BO'� (ADDRESS) <br />County of , State of_!2 % /yj .after 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 />K I NDnWO D, STEEL. ETC.) <br />CAPACITY (BU SHEIS OR TONS) <br />on the fol win described jgale estate situated the County of ` <br />State of t 2 J/�" <br />on the ��� / // of the --=- -w of Section <br />Township / Range (� <br />and, <br />Whereas the borrower has agreed t.o 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. Even 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 Aieh it is placed, until,.. <br />(a) The expiration of Commodity Credit Corporntion's .lien and any extension or renewal thereof; and, <br />(b) Until repayment of said loan. <br />S. Shall, if acquired by Commodity Credit Corporation through foreclosure or other means, at the opption of .the.Commod- <br />ity Credit Corpnration 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 wberecf, <br />speetire signatures: <br />the undersigned have-.-executed these,2resents on the dates immediately below their re- <br />I <br />SIGNATURE OF BORROWE ) <br />DATE V \. / A <br />(SI GNATUitE 0OF BORROWE S..SPJIU S"E).. . <br />DATE Q! � <br />(OWNER OR ` <br />DATE // <br />/trey /�'l,Y�•��,� V I i�/IO�L2.��d/ ��' _ <br />(OWNER OR <br />DATE <br />*U. S. GOVERNMENT PRINTING OFFICE.: 1958 O - 490699 <br />
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