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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE ST ,j,�/�/��/L/✓✓.�.��, couNT /Y <br />CORPORATI QN .FORM 297. COMMODITY -STAB I L LIAT I ON. SERV ICE <br />(6 -1-56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT ,� <br />Whereas, of J - <br />f' (A DRESS) <br />N ME OF BORROWER) <br />Count of State of_ einafter called the "Borrower" <br />Y <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 KIND (woo STEEL. ETC.) CAPACITY (BUSHELS OR TONS) <br />on the fol ng d�scr�,� e ituated in the County of — - <br />State of e //�� on the of the <br />Of section, <br />i Township d Fx1ge _ <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lendip.g agengy 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 tion 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 />X <br />r SIG ATUREE OF BORROWER) _ <br />DATE' %� <br />n <br />i! <br />(SIGN ATU E OF BORROWERS /SPOUSE) <br />DATE L�� ` 9 — <br />The Federal Land Bank of Omaha <br />By Grand Island National Farm Loan Ass'n.,Acrent <br />By ( R OR LI NH OLDER <br />ATE 'N 9-, 1959 <br />DATE <br />OWNER OR LIENHOLDER) <br />RU, S. GOVERNMENT PRINTING OFFICEt 1958 0 - 490699 <br />