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Y..�, <br />yy ► ,r <br />• "COMMODITY,CREDIT U. S. DEPARTMENT OF AGRICULTURE STATE couNTr <br />CORPORATION FORM 297 COMMODITY STABfLIZATION SERVICE <br />COMb1QDITX :GRER1 F;.CORPARATaOAI r:': <br />SEVERANCE AGREEMENT <br />SERI ` NO4. / <br />Whereas of <br />NAME OF BORROWER ,,... .. .. fADORE� ?) <br />County of "` 'SEa'te'''of" hereinafter called the "Borrower„ <br />it Cor <br />e>3;,tR the Comnodity'Credp <br />has a p � oration f -or,a loan wri for the guarantee of_a:.loan for the purpose <br />p4r;hasin -g<and:ereCting or., >construct -ing the 'following stQ.rage °structure; , t0- wit:• , <br />TYPE KIND (WOOD. STEEL. ETC.) CAPACITY ( USNELS OR TONS) <br />—'-- <br />on.- the _fol10 desoribed real- estate situated- in the County of.. <br />State of <br />on the of the - w of Section. <br />•3 a Townshipfd'. Fa t-_ e / ti <br />and, <br />Whereas the borrower has agreed to give Commodity Credit Corporation or its approved lending agency a mort- <br />gage lieilon 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 throwgh 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 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: IOWA- NEBRASKA MORTGAGE LOAN OFFICE <br />THE PRUDENTIAL INS. CO. OF AMERICA <br />n <br />(SIGNATURE OF BORROWER <br />DATE �6 <br />(SIGNATURE OF BORROWER VP OUSE) <br />DATE <br />OMAHA . NEBR. <br />1 4(. "E. "R1 I E <br />DATE <br />�.WIIEI OR L <br />y ! 0�4 I <br />DATE <br />*U. S. GOVERNMENT PRINTING OFFICE! 1958 O - 490699 <br />