Laserfiche WebLink
COMMODITY CREDIT U. S.' DEPARTMENT OF AGRICULTURE STAT <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE couNry <br />16 -t -56) COMMODITY CREDIT CORPORATION `�Y�� <br />SEVERANCE AGREEMENT ERIAL N0. <br />-U 540 -' <br />Whereas„ of 9=Jro_� <br />NAM 0 BORROW - - (ADDRESS), _ <br />County of ; 'State `of efreinafter called the' "titifb¢ly�er" <br />has applied to the Commodity Credit Corporation fora loan or for the guarantee of a loaf? 1or.1'rl�c�puryq "se <br />purchasing and erecting or constructing the following storage structure, to -wit: <br />TYPE <br />KIN (woop,..ST�fr. .ETC.) <br />CAP AC 1,P. i,BU I� tis-o�r.TbMs): <br />_ <br />on the foll� g d ,cribed real state s.tuated in the County of/ <br />State of on the <br />of the i$ <br />.�.- ,,_,,,,•_ :4 of Section <br />Totmship 1� mange <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 option 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 aequisition 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 />SIGNATURE OF BORROWERS SPOUSE <br />DATE <br />(OWNER OR LIENHOLDER) <br />DATE <br />DATE <br />OWNER OR LIENHOLDER <br />CU. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />r <br />