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COMMODITY CREDIT U.... S ...DERARTMENT..OF•AGAICULTURE_: s COUNTY <br />CORPORATION FORM 297 COMMODITY STABILIZATION'SER.VICE.: - <br />16- t -56) -' COMMODITY'CREDIT' CORPORATION - i'. . <br />SEVERANCE AGREEMENT SERIAL " °' Iv _O j <br />Whereas, _ of <br />N ME OF BORROWER)- (ADDRESS), - <br />County -6f - __: , ate of- reinafter called the "Borrower" <br />has applied .to the Coirmodity Credit Corporation for a loan or for the guarantee of a loan or the purpose <br />purchasing and erecting or constructing the following storage.structure, to -wit; <br />TYPE - - KINDJIVOOD, STEEL. ETC.) CAPACI7`Y(flUSH BLS 0R, TONS.) <br />1, <br />M <br />7� it <br />on the fol w g.d scribed rea "state- situated in the County of <br />State of _L' (--,L `�`� —on the ,j of the of Seetior. <br />---- -- 2 <br />Township le) F,.ange. <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. 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 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 signatures: <br />��(SICNATU E F BORROWER) <br />DATE � • / <br />� S <br />i —� <br />(SIGNAT E F BORROWER OUS <br />DATE <br />(OWNER OR LIENHOLDER) <br />DATE <br />/ •(0 WIN ER OR LI P'�,OER) <br />DATEr��Il✓ <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />