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�77 7 7 <br />4 <br />F- 133478 <br />.q.4COM40D!, , "CREgIT U S. DEPARTMENT OF;. AGRICULTURE "S E C011N TV <br />coaroRArr FoRM.297 COMMODITY STABILIZATI01( Sl,RKLCE <br />"16 -i -a6) COMMOD I TY ° CRED I - C6RPOR`Tr �`' ✓ <br />.i <br />SERIAL NO. <br />SEVERANCE •AQREEMENT <br />Whereas <br />N ,.E OF- �BORR.'* R), ';'• S) <br />(ADORES <br />County of "` State tYf' einafter called the "Borrower" <br />has applied to tiie Commodity'Cre it 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 WOOD. STEEL. ETC.) <br />CAPACITY (BUSHELS IJR -F9MSi <br />N <br />__/_&� <br />-0 1 " <br />;? 1. <br />a <br />on the fo o 'n scrib d'r 1 estate situated in the Count of <br />State .of <br />_ � on the S of the _4 of Section <br />- ' Township /) Range f -- "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 />until said lien of the Commodity Credit Corporation is repaid <br />-Now, therefore, the parties hereto do covenant and agree that Auch 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 apart 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 kianediately below their re- <br />spective signatures:,,, ` <br />THE EQUITAB ,qFt A.SSURAN6PC . ?CIETY <br />(SIGNATURE OF ORROWER) j,+ fi,y Q <br />'fi E.�.Mc'Gec �I vibLesent <br />DATE <br />^ <br />(SIGNATURE OFIBORROWERS SPOUSE) (OWNER OR LI ENHOLDER) <br />DATE -._— <br />STATE OF NEW YORK ) <br />) ss <br />COUNTY OF NEW YORK) <br />Before me, the undersigned, a Notary Public, in and for said County and <br />State, on this 17th day of October 19_6O.-, personally appeared <br />r F.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 />Second Vice PresiAent , 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 />�un der my hand and seal of office the day and year last above <br />MARIA O'NEILL <br />x a.. N*I7 Public, State of New <br />Aq <br />Ilfied to Kings,County No. 24- 29659,50 <br />,4 t• )Cart: filed New-York County Clerk Office , <br />a:.; Commission Expires March, 30, 1961 <br />