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<br />COMMODITY CREDIT IJ S. DEPARTMENT OF AGRICULTORE - .STATE COUNTY
<br />CORPORATION FORM 297 COMMODITY STABILIZATION SERVICE
<br />(6 -t -56) COMMODITY CREDIT CORPORATION
<br />SEVERANCE AGREEMENT SERIA` NO.
<br />Whereas, �, of'ZC
<br />__-(JAMJ& OF BORROWER) •(ADDRESS)
<br />A
<br />County of State of hereinafter called the "Borrower"
<br />has applied to the'Comdodity 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 />on the foll!elwing escribed r 1 estate situated in the CQunty of'`���
<br />State of�:on the of "theme of •S^ection
<br />6 s.Tnwnship Range�_�2,
<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: r
<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 />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 acquisijioq;by Cgmmodity Credit Corporation at no expense to Commodity Credit Corporation.
<br />t�
<br />In witness whereof, thQ.rtdgrrg;l�rled Have executed these presents on the dates immediately below their re-
<br />spective signatu"es; t
<br />1 `'' � THE EQUITA.BIF, LIFE 4SSUi3ANCr SOCIETY
<br />c �j JOF THE UNITED STATES
<br />BY G Cv
<br />.•.:( 't <f_ EyBF ,.RRO,R X"�s_.�.: ". Pr*F.��5i1JCbi2� dlil[Iv1Ai CDT�eLLCiit
<br />DATE 9I21/60
<br />DATE a
<br />(SI GN 7, OF RORR � 5 SPOUSE
<br />STATE OF NEW YORK )
<br />) ss
<br />COUNTY OF NEW YORK)
<br />OWNER OR LIENHOLDER)
<br />Before me the undersigned., a Notary Public, in alad for said County and
<br />State, on this 219t day of September 1960 , personally appeared
<br />E.E. - McLean , to me known to' be the identical person who
<br />subscribed the name of the maker thereof to the foregoing instrument as its
<br />Sgennd Vice President , and acknowledged to me that he executed the same
<br />as his free and voluntary act and deed and as the free and voluntary act and
<br />deed.of such Corporation, for the uses and purposes therein set forth.
<br />zt�
<br />y�(lg}.ven under my hand and seal of office the day and year last above
<br />TYPE
<br />KIND (WOOD. STEEL. ETC.)
<br />CAPACITY (BUSHELS`OR TONS)
<br />--
<br />41 X
<br />,
<br />No. 24- 2965950
<br />Cert. filed New York County Clerk Office
<br />Commission, Expires
<br />p� Match 30, 1961
<br />on the foll!elwing escribed r 1 estate situated in the CQunty of'`���
<br />State of�:on the of "theme of •S^ection
<br />6 s.Tnwnship Range�_�2,
<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: r
<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 />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 acquisijioq;by Cgmmodity Credit Corporation at no expense to Commodity Credit Corporation.
<br />t�
<br />In witness whereof, thQ.rtdgrrg;l�rled Have executed these presents on the dates immediately below their re-
<br />spective signatu"es; t
<br />1 `'' � THE EQUITA.BIF, LIFE 4SSUi3ANCr SOCIETY
<br />c �j JOF THE UNITED STATES
<br />BY G Cv
<br />.•.:( 't <f_ EyBF ,.RRO,R X"�s_.�.: ". Pr*F.��5i1JCbi2� dlil[Iv1Ai CDT�eLLCiit
<br />DATE 9I21/60
<br />DATE a
<br />(SI GN 7, OF RORR � 5 SPOUSE
<br />STATE OF NEW YORK )
<br />) ss
<br />COUNTY OF NEW YORK)
<br />OWNER OR LIENHOLDER)
<br />Before me the undersigned., a Notary Public, in alad for said County and
<br />State, on this 219t day of September 1960 , personally appeared
<br />E.E. - McLean , to me known to' be the identical person who
<br />subscribed the name of the maker thereof to the foregoing instrument as its
<br />Sgennd Vice President , and acknowledged to me that he executed the same
<br />as his free and voluntary act and deed and as the free and voluntary act and
<br />deed.of such Corporation, for the uses and purposes therein set forth.
<br />zt�
<br />y�(lg}.ven under my hand and seal of office the day and year last above
<br />MARIA O'NEILL
<br />Notary Public, State of New York
<br />Qualified in Kings County
<br />4 xf.� q�tki'.
<br />^;'
<br />���0�
<br />No. 24- 2965950
<br />Cert. filed New York County Clerk Office
<br />Commission, Expires
<br />p� Match 30, 1961
<br />
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