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COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(t -i -2f) - -`- ..-_�_.. t6MMOD i T BRED I T °COIii��kXTi iS ' <br />SEVERANCE AGREEMENT <br />Whereas, <br />of <br />SERIAL NO. <br />COON <br />NAM OF BORROWER) (ADDRESS) <br />County of — �� State of ��inafter called the "Borrower" <br />has applied .t o 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 ... - _ _ ._._ <br />-- - - - - -- - ....__K1.N D, �... QD, S;T99K. ETC. X. ;;; -_ ..._CAPACITY (BUSHE'LS OR TONS) <br />on the fo o ng scribed re IJ- estate situated in the m <br />Co y of <br />State of %-%: - -- <br />on the of the of Section <br />Township_ /(I Range /"' 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 />(S GNATl1RE OF BORROWER) <br />DATE <br />(SIGNATU R RE OF B OWE RS'�SPOUSE) <br />DATE __ `" —— <br />OWNER OR LIENHOLDEP.) <br />DATE <br />(OWNER OR LIENHOLDER) <br />DATE _ <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />