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r <br />COMMODITY CREDIT U. S. DEPARTMENT OF AGRICULTURE <br />ST A <br />COUNTY <br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE <br />(61 -66) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />SERIAL NO. <br />Whereas, of <br />AM OF BORROWER) <br />9Le�'f <br />(ADDRESS) <br />County,Q. St to of <br />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, <br />to -wit: <br />TYPE <br />KIND (w0 STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />on the foll 'n scribed r 1 estate situated in the County of �— <br />State of _ :on the of the w of Section <br />- , Tewnshi Z d Range Z/ <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 />reel 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 Corp&,ation remain on the above described real estate for a period not to exceed six M 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 />C. <br />(SIG ATURE OF BORROWE ) (OWNER OR LIENHOL DER) <br />DATE <br />V DATE <br />OF 0 <br />1. AT 0 BOR WERS SPOUSE) (OWNER OR LIENHOLDER) <br />DATE DATE <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />C'_ >Si <br />