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COMMODITY CREDIT U. S. DEPARTMENT OF'- AGRICULTU, ; ;:� ST COUNTY <br />- <br />CORPORATION FORm 297 COMMODITY. STAY LIZATION SERVICE - <br />(6 -t -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT SERIAL NO. <br />Whereas, ♦ of ,.4_� <br />" NA E, OF BORROWER) ADDRESS) <br />County-1 State of e0� <br />ereinafter called the Borrower <br />has applied to the C ommodity Credit Corporation for a loan or for the guarantee of a loan for the.purpose <br />purchasing and erecting or constructing the following <br />'storage structure, to -wit: <br />TYPE <br />KIND (WOOD, STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />on the f ow.i g described real. estate situated in the unty o <br />State of _:on they of Sectio <br />3 C_ , Township <br />T 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 />i <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 when ' he undersigned have executed these presents on the dates immediately below their re- <br />spect4e sj._Tla res: <br />The Federal Land Bank of Chaaha <br />By Grand Island Federal and Bank Xss'n..14 <br />X i ,'� <br />/� By z . t� <br />{SIGNATURE OF BORROWER) I/ ,. / (OWNER OR LIE, OL ER) Manager <br />DATE Sep±emher 1 ., 1960 DATE '/ September 12, g60 <br />(SIGNATURE OF BORROWERS SPOUSE) (OWNER OR LIENHOLDER <br />DATE September 12, 1960 DATE <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />J <br />