Laserfiche WebLink
COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION-FORM-297 _ _ COMMOD I TY_.-.ST.APILAtAIA.JON _SERV.1- CE___..... <br />16 -1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />COUNTY <br />SERIAL N0. p ,,.s�'•' —� � �1- �/� <br />Whereas, tf of <br />N, E OF86RRRR6WER) a. 1 1%, (ADDRESS) <br />County of J -'� �-� , State of ereinafter 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 K4.ND (woo DJ-STEEL_ETC.) <br />CAPACa TY-•(BU.SHELS OR TONS) <br />i <br />on the folio described real estate situated in the County of _ -_— <br />State of - - -' - -- -- on the of thew of Section <br />/ e , Township Range <br />and, <br />Whereas. the bo.rro%ePr has .agreed- to_- give Commodity Credit Corporation or its approved lending agency a mort- <br />rage 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 hP 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 i:redi' 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 expegse_ 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 0._$ORROW° <br />DATE 2-2() -60 <br />SIGNATURE OF BORROWERS SPOUSE) <br />DATE <br />The Federal Land Bank of'Omaha_.. <br />Grand I land Federal L�and`Bank Ass'n. <br />q- I_D —ERj Manager <br />naT 9 - 60 �; - -- - - -- -- <br />DATE <br />(OWNER OR LIENHOLDER) <br />CU. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />