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MIRM <br />"'M +� <br />r + t t s <br />7u eQMw15bI TY DR of T. U $. DEPARTMENT OF. AGRICULMURE" "' STATE- COUNTY <br />COBPORATI,ON '- qRM, 297 COMMOD 1 TY` STAIK) L' 1 ZAT I ON .SERV [CIE <br />16 -f -S6) COMMODITY, CREDIT CORPORATION <br />SEVERANCE AGREEMENT _ <br />S L NO. <br />Wheress� of. <br />s N'AM$ t RRbWER) _ - (ADDRESS ' - <br />County o£? A " Stat ,of hereinafter called the "Borrower" <br />had 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- 'follow'in`g storage " structure, to -wit: <br />- TYPE <br />KIND (WOOD, STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />�f <br />on the following described real. estate situated in the County of <br />State m the Y of the of Section <br />o• . -. , Township / o _ Range <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 />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 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: <br />(SIGN AAT RE OF BO ROWER) <br />DATE 1 16 ! 6 Q <br />I GNATURE /OF /BORROWERS SPOUSE) <br />DATE _ ` w O <br />Q / (OWNER /!P OR /LIENHOLDEERR) <br />�'. DATE / - CP <br />1 <br />(OWNER OO RR., LIENHOLDER) <br />DATE ` ' r,/�J 41 <br />CU. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />