Laserfiche WebLink
nx 3 <br />s <br />hs COMMODITY CREDIT 'U. S. DEPARTMENT OF AGRICULTURE p, ST_. <br />CO';RR,O RAT ION FORM x.'297 "'COMMODITY 'STAB I L I ZAT 1 ON SERVICES <br />iyt_Sg)- COMMODITY CREDIT 'CORPORATION . <br />SEVERANCE AGREEMENT SERIAL No. <br />r YV$erea of <br />,< F - (ADDRESS) <br />_ ._ <br />ME O_ ROWER ) <br />County of State: of hereinafter called the "Borrower <br />h'as.tappled "to 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 - KINR.(WOOD.- STEEL. ETC. CAPACI TYJ ( &U SHEL.S 0'R TONS) <br />®d <br />=t <br />on 'the fo d ribed real state�s!ituated in the Cpunty of <br />State of of the <br />.�.�.:.......�..,.� .... 9©ftsh�l p__ <br />ange, 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 />lbw, 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 Credff Corporation through foreclosure or other means, at the op tion of the Cer the <br />ity Credit Corporat>on 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 <br />OWN OR LIENHOLDER). <br />(SIGNATURE OF BOR WER) <br />.DATE <br />DATE 5- -- - -�� <br />�Ck�ZiA <br />c ' <br />(OWN /ER R LI ENHOLDER) <br />(SIGNATURE OF BORROWERS SPOUSE) <br />DATE <br />i' <br />DATE <br />ti <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 0 - 490699 <br />