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I <br />COMMODITY CREDIT U. S. DEPARTMENT OF AGRICYLTYRE - <br />STATE COUNTYr- <br />CORPORATION FORM 297 COMMODITY STABILIZATION StRVICE- <br />' <br />16 -t -56) COMMODITY CREDIT 'CORPORATION <br />SEVERANCE AGREEMENT <br />SERIAL N0.- <br />Whereas, of ;e� 01. <br />- NAME OF 8ORROWE ). (ADDRESS) <br />/ <br />Coun of�/ State of hereinafter called the "Borrower" <br />has applied .to the Commodity dit Corpo>ation 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 OR TONS) <br />on the follows des ribed real estate situated in the County of <br />State of -;= —on the Niel of the -- of Section <br />26 , Tnwnshdp,_ f 1, Range 9 <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 />The Federal Land Bank of Omaha <br />By Grand Island Federal band Bank Ass'n.,Age <br />(SIGNATURE OF BORROWER) / / (OWN R 0 LI' NHOLDER) <br />ATE 1 1 .1 s..Fin DA`rE <br />SIGNATURE OF BORROWERS SPOUSE) (OWNER OR LIENHOLDER) <br />DATE L 44 0 11 -15 -60 DATE <br />*U. S. GOVERNMENT PRINTING OFFICE: 1958 O - 990699 <br />it <br />