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p° gW , h ryti4 ry^J M N rl., <br />r x ° <br />tM <br />7� TY >CREDIT U S. DEPARTMENT OF, AGRICULTURE S .TE COUNTY <br />)f ,coRPORATI oN" FORM 297 COMM061'TY STA81 L I ZATI`0N� ,S,ERViCE <br />(6 -i -56) . COMMODI TY CRED I T CORPORATION <br />SEVERANCE AGREEMENT SERIAL NO. K <br />Whereas, 'NAM <br />E OF BORROWER) {ADDRESS)' <br />if <br />Coun �' , State of ' ' hereinafter _ calle d 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-f'ol`lowing storage structure, to -wit: <br />TYP$ KIND ( OD, STEEL, ETC.) CAPACITY (BUSHELS�OR TONS) <br />fJ v a <br />on the .fol g:d'cr'ibed real estate situated in the County of <br />State of - !�'•.�t� won the of the _ of Section <br />> Township . f Range -_ C <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 c enant 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 />Yeal 'estate; 'arid, - - <br />3: Shall not beysuble`et`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) Utitirrep'aygment of said loan. <br />4. Shall, if acquired by Commodity Cred <br />ity Credit' it Corporation through foreclosure or other means, at the option of the Commod- <br />Corporation "remain on tli'e' Aabove 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: K <br />BtiSIl1ESS MEN IS S AS CE rLi ANY OF AMERICA <br />� + I <br />'(S(GNA RE`;�OF BORROW R) 1,rENH R. ..1" re 1 <br />R. R, a <br />? Y; D E DATE <br />A6. 2, <br />(SIGNATURE OF BORROWERS SPOUSE) ary <br />< E. A. Carl t,� ° »o.,�..•, ` <br />D <br />DATE <br />ATE <br />roe- <br />s ^. ;.X <br />�� 6U. S. GOVER NMENT PRINTING OFFICE: 1958 0 - 490699 <br />