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t <br />i;;QM116DITY CREDIT U. S. DEPARTMENT. OF AGRI <br />- �•,.cORPORATION FORM 297 COMMODITY STABILIZATION <br />(6 -1 -56) COMMODITY CREDIT CORP01 <br />SEVERANCE AGREEMENT <br />11.71iJiR,E. _ <br />RVI.0 ��t <br />of <br />SERIAL N0. /x1 7 <br />OP �� � I <br />U <br />A1dE' OF'�BORROWE ' ADDRESS) 1" <br />County,of State.,pf s� ereinafter called the "Borrower" <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 />KIND OOD. STEEL. ETC.) <br />CAPACITY (BUSHELS OR TONS) <br />on the fol g d ribed real estete situated in the County of <br />State of ,d✓�! —�4 :on the of the of Section <br />Townshi.P__ .� Rye <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, <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 'AATURE OOFBORROWEaR <br />DATE <br />(SIGNATU E OF BORROWERS SP SE) <br />DATE �/ .2— Z, /!� <br />(OWNER OR LIENHOLDER) <br />DATE <br />(OWNER OR LIENHOLDER) <br />DATE c! Z�G C <br />*13. S. GOVERNMENT PRINTING OFFICE: 1958 O - 490699 <br />