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COMNODITY CREDIT I.I. . S. DEPARTMENT OF AGRICULTA E STATE < COUNTY• . <br />V3.-CORPORATION FORM 297 COMMODITY STAffILIZATION;- SERVICE <br />16 -1 -56) COMMODITY CREDIT CORPORATION <br />' SEVERANCE AGREEMENT SER I Z N°' <br />D coo <br />' Whereas, of, <br />('"Mt" Of-BORROWER) .• (ADDRESS) <br />County of State of hereinafter called the "Borrower" <br />.has applied .t4 the Commodity Credit Corporation fora loan or for the guarantee of a loan for the purpose <br />purchasing and erecting or constructing-the following storage structure, to -wit: <br />TYPE -KIND (N OD , STEEL. ETC.) CAPACITY .(BUSHELS OR TONS) <br />on the following described real. estate situated in Coy►nty of 1 <br />State of. on the � ��--- of the l of, Section <br />Range <br />and, <br />Whereas the bort6wer has agreed to give.Commodity Credit Corporation or its approved lending agency a mort-::-- <br />gage lies 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 />/ i WNER LIENµp.LBE.R) <br />-7� <br />DATE o tom^ <br />( SIaGNATURE OF BORROWER) <br />DATE / S <br />• lY' <br />'. r (SIGNATURE OF BORROWERS SPOUSE) <br />(OWNER OR LIENHOLDER) <br />DATE C� Q <br />DATE <br />CU. S. GOVERNMENT PRINTING OFFICE: 1958 0 - 490699 <br />