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J <br />COMMODITY CREDIT U. S. DEPARTMENT OF AGRIC LTURE <br />CORPORATION FOR %4 297 COMMODITY STABILIZATION SERVICE <br />(6 -1 -56) COMMODITY CREDIT CORPORATION <br />SEVERANCE AGREEMENT <br />S COUNT <br />SERIAL N0. Z/ <br />Whereas, �" v��n�"" -! of 1 ;4 � U <br />J OF BORROWER) , (ADDRESS) <br />County of— 7 , State of-� einafter called the " %. rrower„ <br />has 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 following storage structure, to -wit: <br />TYPE <br />3- <br />KIND (WOOD, STEEL. ETC.) <br />------ - --1)- - - - -- <br />CAPACITY (BUSHELS OR TONS) <br />7.,-t� <br />J on the fol ing escribed eal estate situated in the Count of - -C- J -__ -_— -- <br />State of <br />Pt. SW4NE4 and Pt NW -14SE- 33 -11-9 <br />3 , Township l� Range, ,� <br />_ ,. I 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 opption of the Commod- <br />ity Credit Corporation remain on the above described real estate for a period not to exceed six M 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 />J5 GNATIIRF. OF BORRO ER) (OWNER OR LI ENHOL OER <br />DATE_ _ DATE <br />(SIGNATU RRREE OF B /O_R ROWERS SPOUSE) - (OWNER OR LIENHOLDFR <br />DATE 9 — (L� DATE -- - -- — -- <br />- -U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />k <br />