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F -12 <br />RoRAacT7c -rte U.DIEPARTMENLIZF °AGR'U1sE sr couNTY <br />4-t 541 X OP1 1 EDIT ORP A'10 <br />' SEVERANCE AGREEMENT = ER' Al. No: <br />° ereas; of - <br />- N E OF - BORROWER), _ <br />P (ADDRESS <br />County of State of eiii l!�� ��- j�einafte called the "Borrower„ <br />has applied .to the Corrmodity`Credit Corpo ftion for a loan or for the guarantee of -a loan for the purpose <br />,purchasing and erecting or constructing 'tha- following storage'structure, to- wit: <br />-IN D- Oj)';. S..TEE4., ETC.) " -_ ;CAPACITY- :(BUS HEtS _ <br />- n. <br />s on the fol�.�,wing d oribed rea esr'ate s hated in t �f tmty of <br />State of '�l�l_;- -�tthe %± _ , <br />_ - '7� of the _..� of Section <br />Township O <br />� �� Range. <br />and, <br />Whereas the borrower•has- agreed - o•Si -ye Commodity Credit Corporation or its approved lending agency,a fort- <br />-- - .. _ <br />gage lien on said storage structure: <br />until said lien of the Commodi�rr Cfedit Corporation is repaid <br />Now, therefore, the ,parties hereto do covenant -and agfee`tu such structures -arid °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 apart of the <br />real estate; and, <br />3. Shall not be subject to the hen of any security transaction or instrument- heretofora>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 />(6) V� ea repayment of said loan. <br />4. Sh•alf if acquired by�ommoaity "Credit Corporati.on'thiough .foreclosure or other means, at. tire- o.tioA of the - Commod- <br />. icy, Credit Corporation remain on the above described real estate fora period not to exceed six (6) months after the <br />date oFAequas)tion by Commodity Credit Corporation at no expense to Commodity> Credit 6oioration <br />, <br />In witn ss ryhereof, the undersigned have executed these presents on the data }zarrth sat ly blow their re- <br />SpPc..±ve, signatures:. — t <br />(SIGNA UR OF BORROW R) (380 • _ ( ylv °9 r2sade 1 <br />DATE �F_ = .f C <br />•, f <br />1 <br />(S GNAT RE OF-- BORROWERS O SE) (OWN'ER OR II,ENNOLDER) - <br />-DATE ./� <br />- - - - - -- oars _ <br />STATE OF NEW YORK ) <br />) ss <br />COUNTY OF NEW YORK) <br />Before me, the undersigned, a Notary Public, in and for said Countv and <br />State, on this 26th day of October <br />19_59 _, personally appeared <br />John T I.1allon , to me known to be the identical person who <br />subscribed the name of the maker thereof to the foregoing instrument as its <br />Sannnri Dice President , and acknowledged to me that he executed the same <br />as his free and voluntary act and deed and -as the free and voluntary act and <br />deed- sof-,?4Uch Corporation, for the uses and purposes therein set forth. <br />der my hand and seal of office the day and year last above <br />3 = x <br />'Qualified Public S ate olf New fork <br />�. �i <br />M _ �;,_ s 4 Qualified in Kings County No. 24.2965950 <br />i4 �, y� a4 Cert. filed New York County Clerk Office <br />' �� Commission Expires March 30, 1961 <br />