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61ODITY CREDIT CORPORA <br />SEVERANCE AGREEMENT <br />COUN ?Y <br />Whereas, -4 of / <br />.,, NA IE OF BORROWER) " <br />County of`: ' State of einafter called the "Borrower" <br />has applied ,to the Comnodity.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 />CAPACITY (BUSHELS ORTON41 <br />— _.. `% Tewnsbi % woe f �_ <br />Whereas the borrower has agreed to y p and, <br />g give Commodity Credit Corporation or its approved lending agency a mort- <br />gage lien on said storage structure: <br />until said lien of the Commodity Credit Corporation is repaid <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 />IShall 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 />THE t ASSURANC:. SOCT , PTY <br />—STATES <br />AI�� ►� /( / /yam- X <br />r <br />e (SI//GNATURE //OF BORROWER) R0� �n <br />DATE DATJ�', 9/20/60 <br />'22i - <br />(SI(;N URE OF 'BORROWERS, SPOUSE) .(�.MNF,RQA'lIENHOLDER) <br />STATE OF NEW YORK <br />) ES <br />COUNTY OF NEW YORK) <br />Before•me' the undersigned, a Notary Public, in and for said County and <br />Stste� on this 20th day of Sehteaber 19 60 Personally appeared <br />r R= 1�_11GcT��� � p rsonall a <br />to me known,to be the identical person who <br />subsetibed the name of the maker thereof to the foregoing instrument as its <br />, and acknowledged tome that he executed the same <br />as his free and voluntary act and deed and as the free and voluntary act and <br />„jOQrAoration, for the uses and purposes therein set forth. <br />r y under my hand and seam of office .the, <br />day and <br />Y year last above <br />Y y 9 \{ <br />y Y i it -1/ V� <br />7 .� `1� ,• a NuNry pdbj RI State Elll ,. <br />-: Qoef(ited In KIn o, of New York <br />Celt. 81 Yo C .. 2+ 9659go <br />L'omm <br />Expires Mar(dt 396, <br />0, 1 <br />