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i COMMODITY CREDIT U. 'S. .DEPARTMENT OF AGRICULTURE ?'1AL coulirry. <br />CORPORA(6 ON,FORM 292 COMMODITY. STAR1I ZATION 'SERY.L:CE <br />16.1 -56) COMMODITY CREDIT CORPORATFON <br />SEVERANCE AGREEMENT No. <br />Whereas, of, <br />A%tEy`i BARRO R5 '" ,,. .,.. (ADDRESS) <br />- <br />DDRES " <br />County, State of ere-inafter called the "Borrower" <br />has applied to the 'Commodity Credit Corporation for `a loss or for the guarantee of a loan for the purpose <br />purchasing and erecting or constructing "the following storage structure, to -wit: <br />TYPE <br />KIND( OOD. .STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />on the following " described°real.�es-tate" "situated in the County of <br />State of pon the,., of the �'.; of Section <br />Z , TownslAp_ 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, f <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 bel w heir re- <br />spective signatures: IOWA-NEBRASKA MORTGAGE LOAN 041C <br />THE PRUDENTIAL INS. Co. OF AMERICA <br />OMAN <br />fJ (SIGNATURE OF BORROWER) Q9Vffl E O.R LI ENH0L DE <br />DATEJ�k =`?!� 4� 0 Y DATE <br />DATE ff— DATE <br />r <br />OWNER OR LIENHOLDER <br />- ---- -- " -'trU: S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />